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tv   The Claman Countdown  FOX Business  June 10, 2024 3:00pm-4:00pm EDT

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narratives that cover up for the manipulation that is embedded in the system. listen, i bring guests on every day and they want to talk about their positions. people brag about what they own. brokerage firms share their upgrades and downgrades. deep pocket investors, you know how they show their stuff, their positions, but this is weeks after they bought and positioned them so what does all that happening? it happens because they want to spur the crowd to come in behind them. the retail crowd, you know, so there's so much manipulation going on in the market and so many ways and so the idea that the meme stocks enhance risk i think is absolutely ridiculous. i think these folks are worried the public may learn more about true manipulation. over to liz claman. liz: you know who also shows their position? big hedge fund guys. charles: yeah. liz: who take a position and say look what i've done and they watch the stock move. charles: yeah. liz: come on. you are so right as usual. charles: thank you. liz: charles, thank you very much.
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folks breaking news a new management structure at apple, siri now has a newman cmv er to report to, chat gpt. look at apple shares, we do have them moving lower by just under 2% after the companies worldwide developers conference opened with a bang. watch. >> ♪ >> it's showtime. >> ♪ liz: hear the motley crew, that's apple software chief sporting say rainbow flight suit skydiving over apple's headquarters for the big moment. in two minutes, we're going to get you, all the headlines that have just blasted out of apple's worldwide developers conference including, yes, as we said, a si ri, i can't even call it a refresh. she's going to actually be communicating with chatgpt to get you better answers and so much more, including an
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opportunity where you can answer siri if there's a phone call simply by shaking or nodding your head. in the meantime happy monday. let the countdowns begin, that's pleural. countdown to the federal reserve 's wednesday announcement on the landscape for future interest rate moves, countdown to one of the crucial numbers the federal reserve depends on to guide it, and of course, countdown to the closing bell. here we go. let's start with the markets about 59 minutes left to trade on this monday. it should not surprise anybody that we're not seeing gigantic moves in the market but this action belies the fact that the s&p right now is at an all- time record. it just needs seven points of gains at the close, we are up 12 points, the dow up 63, the s&p as you see , we got the nasdaq better by 46 and the russel up five, had been lower earlier. on your screen, these three name , what do they have in common? they are all hitting record highs, all for the same reason. kkr, crowdstrike, and godaddy
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got one of the most coveted invitations that you can get on wall street and that be inclusion into the s&p 500. so you've got the kkr up 12%, crowdstrike up 9.5% godaddy up 2 %. big day you just heard charles talking about a.i. chip king nvidia, today is the day its 10- for-one stock split takes effect, rallying out of a shallow hole at the open and is up just half a percent. it's 30% by the way above its 50 -day moving average and while nvidia has liberally used the term "artificial intelligence" tim cook waited until almost the end of the keynote to pair the words intelligence and artificial intelligence. announcing apple intelligence along with a myriad of new developments some of them positively futureistic, but will they make a dent in the revenue? joining me now at a fox business exclusive, apple app stores founding director and now the executive director of identity.com phillip shumaker
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and cfra research angelo zeno. we know the initial stock reaction. okay, usually, in these big days where apple has events the stock goes down a little bit upon the news. we need to wait on the consumer reaction, but you're the analyst let's get the analyst reaction. >> yeah, i mean, listen. i think people kind of going into these events especially hyped up like you saw with the developers conference, we're kind of hoping for maybe kind of something big or unanticipated. you didn't necessarily get that at this event. now, that said, i think overall, this was pretty much kind of, it went as-expected. it was something apple clearly needed to showcase in the sense of hey, we have the ability to kind of have a.i. across our ecosystem. i think siri got really super- charged here today and i think that was definitely needed and then they kind of made some incremental enhancements across their ecosystem that isn't different than what you kind of
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seen already from the likes of samsung and alphabet and what have you but still i think it was overall pretty good event for them but the stock is selling off because of 20% into the actual event. liz: yeah, selling on the news here. phillip, the most important aspect of going into this was that apple was behind in the a.i. race. anything you see here that indicates it's either caught up or is over-taken anybody? >> yeah, for the most part, they were absolutely caught off guard by this a.i. especially chatgpt focus past year, at least, but no, there was nothing new there that was all that exciting with regards to a.i., except they bundled a lot of that throughout their demos and despite it focusing on a.i. at the very end, most of their demos included certain aspects of it. the drawing apps, the mathematics that are built
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in, et cetera is throughout the app and i think that's the most interesting thing is how embedded it's going to be in the operating system to know about you and know about your context. liz: i found one thing very cool , and it wasn't something that i think is a massive game changer, or moves the needle in some dramatic way, but the fact that you can now answer a phone call when siri says in your air pods, basically, so and so's calling you, answer it? let's look at the tape because now you can do it by nodding or shaking your head. >> simply nod your head yes, or gently shake your head no to interact. >> call, answer it? okay. liz: yeah, how many times have you been in a meeting where, no, no, i don't want to, no thank, no thanks, okay but phillip? to me, one of the things that i
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think was most awaited for that people wanted to see was something that was a true game changer. did we see that? and what was it? >> i didn't see the game changer. this was all focused on a.i. the best i think that you can get out of this is to know that we have an a.i. system unlike open a.i., chatgpt, microsoft, google really embedded to your personal context and knows a lot about you. that's, i think, piece number one. the other piece is we finally get an a.i. that's going to be pretty private and secure unlike the other systems that are out there that actually share your questions, et cetera, as part of their training data so for me, i think that's the big takeaway, but other than that there wasn't a lot. liz: i was surprised, angelo, that he invoked the vision pro so early on in the worldwide developer's conference and they had some pretty lovely video that showed all kinds of generative visuals that you can
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get with the vision pro which, by all metrics, is not a winner. there has not been huge adoption here. what do you think about what they announced regarding the vision pro? >> yeah, i mean, listen. i don't think the visionpro at least as far as announcements are concerned is really that big of a deal. we also look at the international expansion that's going to start taking place here later this month but i'd say as far as kind of the vision pro is concerned, we continue to believe, right, it is kind of a work in progress and something where ultimately, when you kind of think about some of the a.i. capabilities that was announced today and you kind of think about where the vision pro can go, you know, ultimately you think about ar glasses, mixed reality glasses and more of that you have to get rid of the battery pack, in terms of the vision pro is concerned and ultimately, the a.i. kind of announcements in there kind of progressing further deeper into a.i. in the next couple years, really sets the stage for
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something bigger outside of an iphone out there, and i think that's where you could potentially, you know, i think that's why you've got all of that attention right now from the management team on the vision pro. liz: did we get some clarity? because i was running down here and it was still kind of going on. did we get some clarity on whether my old iphone 12 or 13 is going to be able to absorb the changes in ios 18? i mean, will i have the ability to access that? either one of you, yes or no? >> so the -- liz: go ahead, phillip. i was just going to say from my perspective it sounded like at the very end, craig said, ios 15 pro, and that means a 99% of the features will be on board on the device itself requiring that more advanced processor . liz: angelo, so i have a 14. it's not going to work? >> no, i mean, it's going to be
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largely the 15 pro, like phillip said as well as kind of the upcoming 16 devices, right? i think kind of when you think about apple here, they are going to put a lot of marketing power behind this iphone 16. so you can see a lot of kind of a.i. in these markets, across kind of the marketing side of things for a.i. and hopefully, our view is this is going to be the first, the second half of this year is going to be the first time you actually see a.i. kind of in the hands, you know, to a deep level inside the consumer or at the consumer level, so we think that's a big deal out there and apple's really going to really help push that kind of shift of a.i. into the hands of the consumer. liz: that could be the biggest revenue driver, whether we like it or not. people say oh, incentivized to buy the iphone 15 or 16. no, forced. okay? forced to buy it, but regardless , that would, angelo, add to the bottom line eventually, right? >> ultimately, yes.
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we do believe a.i. will end up being a contributor to the bottom line for this company, whether or not it really kind of leads to some sort of super- cycle here this fall. i think remains to the seen but that said, you're kind of lapping a fairly weak iphone 15 cycle for the most part, so you've got easy comps going into the next cycle and we do think they're going to be some gen z consumers that are going to want to try this out that are going to want to upgrade their phones not to mention you've got a host of people out there with iphones that are four years or older from that kind of iphone 12 cycle, so that will help kind of the case in terms of improving the replacement cycle here later this year. liz: phillip last word to you. you ran the app store. you were the founding head guy there, so give me a sense of whether stitching a.i. and siri into the ability to enter particular apps is really going to make a major difference.
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>> yes, as soon as they hand it off to third-party developers everything is going to change. i think that we saw great embedded use of it on the built- in app which is is giving everybody a blueprint on what to do, but as soon as it gets into third-party's hands we're going to see miracles come out and i think this is going to , this is feeding right into apple's strategy of getting all of us finally to upgrade to the newest devices, which we haven't been for five-plus years, and now, we're finally going to be forced to if we're going to take advantage of some of these functionalities that the third party developers are putting together. liz: not incentivized, forced. great to have you both, phillip, angelo, thank you very much. apple shares still down about 1.7% at the moment. forget the friendly fields of a soft landing, market watchers should be looking for lurking bears in wall street's woods at least that's what our next guest says. he's gone hunting deep into the econo-data and he doesn't like what he sees. paul dietrich is here next on why those who buy near these all
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-time market highs could bear the brunt of a grizzly market downturn. bearish bets on tech well that's just been a loser, an absolute loser, the daily tech bear is an etf that investors who think has gotten too frothy has plung ed more than 57% over the last year. hasn't worked out there, if you bought this thing. the "clayman countdown" is coming right back. don't go away. dow jones industrials up 40 points. the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day...
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i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. liz: fox market alert. markets in the green, okay let me just explain that the nasdaq must be up 54 points to see a new record. it's up 62 right now, and as i've told you earlier, all of
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the s&p needs is seven points of gains at the close, we're up 12 points at the moment so as you look at these markets moving higher, investors still remain a bit circumspect, ahead of the fed's two day policy immediating. the fed will throw open the window to its fight against inflation, updated summary of economic projections and that will be paired with crucial new inflation data. this all kicks off tomorrow. you don't even have to wait. central bank officials gather behind closed doors for two days to deliberate on policy and the rate path forward, widely expected there will be no move announced on wednesday, but we all want to know what chair powell says at 2:30 p.m. eastern when he faces reporters to explain the thinking behind the committee's decision and the expected decisions that might indicate two rate cuts this year, down from three, forecast in march? wednesday, again, a biggie, not just the fed announcement but 8:
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30 a.m. eastern before that we get the newest read on inflation , the may cp i'm, consumer price index, expect today show prices rose 3.4% year-over-year during the month. well, you do the math that's still above the fed's 2% target rate. thursday we get the latest data on wholesale inflation and ppi, the producer price index, wholesale and manufacturing inflation, and friday, preliminary june consumer center ment with one and five year inflation outlooks a lot to digest so let's get to the floor show. our guest doesn't need to see more data. he already sees cracks in the recent numbers we've gotten and what b. riley wealth portfolio advisors chief investment strategist paul dietrich sees, you say the data have echoes of the dot com bubble right before it burst. what do you see? >> i manage money during that whole period and also, in 2008, 2009 and again, i was kind of
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early on because i was looking at the underlying data and the leading economic indicators, and i started going defensive and we made money. liz: well what did you see? >> basically, all the cracks. when you look at a bubble, and we saw that with the dot com bubble, it was just craziness, and we saw it even with the mortgage backed securities bubble right before the 2008-2009. people were just -- the market was disconnected from any fundamentals of the underlying stock, or the underlying economy, and we're seeing that exact thing right now with the stock market. liz: well, okay dig into the most recent jobs report last friday. 272000 jobs created. that was the headline number, so what did you see when you dug deeper? >> when you dig deeper, about 48%, almost half of the jobs created, were government or
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government-related, you know, because spending that's being deficit spending that's being pumped into the state and local governments. that's all going to end on september 30 which is the end of the government's fiscal year. it has to be spent. the big question is, and this is going to hit in the fourth quarter or the first quarter of 2,025 is where's the money going to come from for all those jobs that have been funded for the last four years out of deficit spending? are state and local officials going to take it out of tax revenues? i don't think so. there's going to be, you're going to see , i think, a real change in drop and then the other, because most of those jobs were part-time jobs, and hospitality. those are restaurants. we weren't creating very many full-time jobs. liz: high-quality? >> yes. liz: the six figure style.
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you also note something and i want our viewers to really listen to what he has to say about this. the difference between what the s&p is yielding, meaning dividend yield for all s&p 500, versus what treasury bills are yielding because if we put this up on the screen, and we show our viewers all the time. we don't just look two year and 10 year, we are looking at-bills from one month to 12 months. they are all yielding 5.2-plus percentage points in yield, so look at the s&p. 1.35% dividend yield. >> why would you do that? liz: why would you go into the s&p versus treasuries at the moment? >> it's just completely over- valued and i even tell investors, look at what people like warren buffett is doing. he saw most of his portfolio where he doesn't have, you know, a major interest in the company, but even some of this favorite stocks like apple, he's sold
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some of because he knows they're over-valued. he's selling out at the high. you'll remember what your grandmother told you as a little girl? buy low, sell high and they're all doing that. jeff bezos, bill gates, the walmart family. they're all selling their companies, not because they don't like them. is they are going to buy them back at a much cheaper price when he see the correction. liz: paul, what's the trade? what do you tell your clients politico buy then? >> well, right now, i think what warren buffett is doing he's moving 187 billion into t- bills and cash equivalent s is i have my clients in gold. i have them in short-term treasuries primarily, and -- liz: look at the one-month 5.36% >> yeah, that's not bad. for people who are retirement, that's not bad. liz: but you're not, but gold is -- >> doing well.
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liz: it's very close to an all- time record so you're saying buy at the highs here? >> yeah, because if, in fact, you believe as i do, that we're going into a tough economic period after all this stimulus money is cut off, then gold will do very well and also, the imf last week. the international monetary fund warned the united states for the first time that they got , they have to do something about their deficit spending, and -- liz: yeah, good luck with that. >> yeah, good luck with that. that's another reason why you want to be in gold. liz: paul dietrich wonderful to have you, i think. >> [laughter] liz: little anxiety-inducing but we appreciate it. >> we're at the pivot point and it's going to hit, i think, in fourth quarter of this year. liz: we'll have you back. one man's trash is another man's treasure. you've heard that, right? but what gives new meaning to the term "coin toss" one pennsylvania waste processing
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company has sifted millions of dollars in coins from your garbage. we're going to take you live to the keystone state for the story on the company that's doing it. those are real coins, but the original digital one, encompassed in the top spot bitcoin etf's has made investors real coins since they began trading january 11. i-shares bitcoin trust up 49%, grey scale up 52% and fidelity up 48%. we are coming right back. stay with us.
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liz: fox business alert. we are about to coin a new phrase here. you've heard of cash for your trash? how about cash in your trash? specifically coins, with americans tossing out an estimated $68 million worth of change each year, a sustainable waste processing company is sorting out the coins from the garbage and finding a pretty penny in the process. jeff flock is right there in moorsville, pennsylvania. this is not pocket change we're talking about, jeff. reporter: look at this , liz. you threw this away. not you personally, but america, you threw all of this away. not intentionally, perhaps but this wound up in your trash. how do we know that? well, this company, reworld is the name of the company, and liz take a look at these tick pictures. they incinerate about 16% of the nation's trash. they don't dump it at sea, they incinerate it and then they
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recycle the metal. well, they do that, that's a big part of their business, but they find that there's a lot of coina ge in there so they sort through the metal and yeah, in different bins fall quarters, nickels, dimes, pennies, aba kal it i'm runs this operation, she's sorting good coins from bad coins? >> absolutely. we collect around $2.5 million worth of coins annually. reporter: 2.5 million? >> absolutely, and almost $1 million is good coins that you see here. the rest are called mutilated coins which we say we want to replace them. reporter: take me back to the next pile here. liz, there used to be a program by the us mint. they would actually if you came to them with a mutilated coin say, you know, say that you brought that in, what the is that a penny or a nickel. they give you the money for that >> they stopped this program from 2018 and we hope they are going to resume it back. reporter: so it has to be a good looking coin for them to
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actually put it back into circulation but the other thing is you find some pretty cool stuff in here. >> absolutely. reporter: take a look, liz, if you come here, neil. these are silver. you found this in the trash. that's a silver dollar, a liberty half dollar. look at this. that's a penny from 18, what is the number? >> 77. reporter: whatever the heck it is i can't see without my glasses but not only just coins, liz. that's a pope john paul ii medal from his visit to boston in 1979 it's amazing to me how much stuff winds up in the trash and people don't do this intentionally, right? >> things end up in their trash somehow, in your car, in your kitchen and we collect them here , everything you throw, we get them back. liz: not only that look at that. i don't know what the heck that is but that came out of the trash. liz: [laughter] reporter: liz isn't this incredible? and just look at the pile.
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one more time, neil, go to the pile because oh, there's a swiss franc. i just found that, look at that. liz: okay. >> a golden swiss franc. liz: golden? reporter: liz will like that. but you'll need a bigger piggy bank, liz. this is crazy. liz: oh, my gosh. >> i just want to show you that for every dollar that we collect, here in reworld, $20 of that goes to the landfill uncollected. this is what we do and that's why we believe in the sustainability. reporter: the sustainability of incinerating trash which some people don't like it but some people think that is the true environmentally sound thing to do, with trash. don't dump it in the sea. don't put it in a landfill. burn it up and recycle the metal , and the money that come out of it. liz: show me that penny again from the 1800's. what's he going to do with that? reporter: liz has a great question.
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do you take this to a coin collector? >> we have an expert who will come in and examine those , and he will put them back into circulation. we sell them, actually. a lot of these could be some of them could be worth more than $ 1,000. reporter: i was going to say there's one i looked up online where it was $65,000. liz: whoa. reporter: that's undetermined, that could be wrong, but where is that one? oh, it's this one here. that's the amazonian, that's a $3 coin. i don't know if it's legit, we would have to check that out but kind of crazy. liz: going back to that jar in the back of the closet looking at those coins. jeff, thank you. ingenuity in america, these companies were doing one thing and realize there was another opportunity, a branch off of that original business. love the story, jeff. thank you. jeff flock. fox business alert. investors are cashing out of huntington bank shares at this
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hour. the regional bank is down more than 5% and on-pace for the largest percentage decrease in more than a year. the company issued disappointing forecasts for its annual interest income. the bank is expecting a decline of 1-4% in net interest income as regional banks pay out more on deposits, cd's and things like that to prevent customers to moving from higher- yielding alternatives. that be treasuries. the stock is at the bottom of the s&p 500 right now. love is not exactly in the air, but boy, it's flying, certainly at the moment. southwest airlines rising to the top of the s&p 500 after elliott management disclosed a $1.9 billion stake in the airline. it's popping 7.25% right now. elliott calling for change at the top. doesn't like the leadership as well as an overhaul of the board. a southwest airlines spokesperson says the board is
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confident in ceo bob jordan and management's ability to deliver long-term value for shareholders elliott says with strategic changes, the company's stock could achieve $49 per share within 12 months. it's at $29.73. obviously, you're looking at a potential gain of more than 60%. speaking of making a big bet, morgan stanley reiterating its overweight rating on sports betting company draftkings. morgan stanley adding the stock to its top picks list saying concerns over illinois' recent tax restructuring are overdone. shares higher right now by 3%. and planet fitness looking fit as a fiddle. shares are gaining 4 and one- third percent after jefferies raise the rating hold to buy. the stars have aligned for the gym operator and he expects franchisee model adjustment increases to drive an increase in unit demand. driving an increase is out of this world for the ozempic craze
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it's spinning out of control. supplies run well-short of the drugs americans crave to shed those pounds. enter row. this is the telehealth, an online pharmacy company that has a plan to track down the illusive weight loss drugs and let you know where there is supply so you can go get it. the ceo of row is here next to tell us about its glp-1 supply tracker. and the healthcare field filled with opportunities for bright entrepreneurs, joe kiana was just nine years old when he immigrated to america from iran. then, at 25 years old, in california, he started a medical technology company in his garage he developed the original pulse oximeter. he took on apple, and apple watch for years later copying his oxygen monitoring watch technology and he won. today, joe kiana holds more than
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500 healthcare and consumer focus patents, more than 200 million people use them every single year. he's this week's guest on everyone talks to liz. my new podcast episode just dropped over the weekend, got to hear it, apple, google, spotify, iheartradio wherever you listen to your podcasts and remember to tweet me on x @talk to liz claman, but if you do@talk to liz claman you can ask me any questions you want about the podcast let me know what you'd like to hear, the "clayman countdown" is coming right back. - it's apparent. not me. - yeah. nice going lou! nothing like a little confidence boost to help ease you back in to the dating scene. that includes having a smile you feel good about.
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with sunsetter, you'll create the ultimate outdoor living space. perfect for entertaining friends. call now for your free awning idea kit, with local dealer info and $200 discount certificate. “life is better under a sunsetter!”act now and save! liz: fox business alert. take a look at moderna shares off the lows of the session but still down about one and one- third percent at this hour even after the company revealed that a late-stage trial showed biotech's combo flu-covid vaccine was way more effective than existing standalone shots
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for those viruses. well, now you can find covid-19 vaccines everywhere, right? but remember when people waited in lines for hours in 2021 or kept pressing the refresh button on the cvs or walgreens website to find out where there might be coronavirus vaccine supply? that desperate search has now shifted elsewhere to glp-1s this new category of obesity drugs including novo nordisk and diabetes drug ozempic. we look at the telehealth company, they've watched the hunger games hunt for them and has now launched a glp-1 supply tracker to help patients navigate shortages. ceo zach raitano is here to talk about. well, zach, i just want to know. what gave you the idea to launch the tracker and what does it do? >> yup, thanks, liz, so much for having me. liz: sure. >> you had a perfect analogy there. so over the last two years, we
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have seen patients struggle with getting continuous and reliable access for glp-1s. every single month they have to hunt at the pharmacy which is a significant challenge given that they need continued access to the medication to see the results, and we saw patients sharing with one another where they found supply on twitter and reddit and in different social media platforms so we built a tool to structure that so the tool does two very simple things. it helps people crowd source supply so where they need it and where they found it we match them and it helps them report shortages to the fda in 30 seconds or less. liz: the shortages are not going away. we've been hearing about these shortages for months and months, even at the great expense of these drugs. they are definitely not cheap, so, there are all these other companies that are coming up with semiglutides mimicking, almost like dupes of ozempic, correct? now do you also track for those? >> right now, the supply track
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er only tracks for branded medications, so ozempic, and tru licity for brand ed glp-1s but what you're talking about on the shortage is actually a great example of in times of need when there is a shortage you do see pharmacies and healthcare systems rising to that challenge to create access for patients during moments of shortages. liz: well the fda has said if there's a shortage of a drug, compounded drugs or these mimicked ones, are allowed to be created and sold, but they have to holdup to the fda standards, correct? are you concerned that what you see out there, all these other companies that are starting to churn wagovy-style drugs out are not following the right protocols? >> so compounding itself is a very well-established part of the healthcare system. health systems and pharmacies have been doing it for years but to your point not all
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compounding is created equal so at ro, we partner with fda- certified manufactures to acquire the ingredient and then in addition to that, every single batch that is made undergoes rigorous quality and safety testing, so prior to us sending out any batch to a patient, it is actually tested by a third-party for sterility, for ph balance and endotoxins among other things so we spent a lot of time making sure patients are receiving high-quality products. liz: you launched ro body a couple years ago, it costs about $99 for the first month, and $ 145 each month after that. what does that get people? does that get them access to the tracker, or do they need something different when it comes to this tracker? >> so it's a great question. the tracker is entirely free. liz: okay. >> it's intended to be so for an open access tool, because it relies on crowd sourcing and
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the more people that have access to it, that benefits both ro patients and non-ro patients so trying to build this for the entire community. ro-body is a comprehensive membership to deliver high-quality obesity care centered around glp-1s. liz: okay, and eli lilly just announced a platform, right, that allows patients to get a weight loss drug prescription through a telehealth provider. lilly-direct, weight watchers, hyms and hers, whole bunch of competitors out there. how can ro stay ahead of the competition? you were just a couple years ago a start-up. we applaud start-ups but boy it can get tough out there. >> that's right. we love the fact that lilly has entered the space. we think it's a grates not just implicit but explicit endorsement by the most valuable pharmaceutical company that great care can be delivered digitally which wasn't always thought to be the case and we have proven that to be the case. in terms of what makes ro unique
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we're the only vertically integrated digital healthcare company that seamlessly integrated a doctor' office, pharmacy and labs through the lens of helping a patient achieve their goals. over the last six and a half years we helped millions of patients and to your point we've been in obesity actually for the majority of the company 's existence about four years, and it helped hundreds of thousands of patients start that journey, and the third thing that i think really differentiates us here relative to some of the others in the space is we have spent a lot of time and energy providing as many options to patients as possible. liz: zach, we are going to continue to watch your progression over at ro. thank you very much for talking about the new tracker. it's free, he said. >> thanks so much for having me liz: we're coming right back with big headlines on paramount. charlie gasparino has got them. your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel
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to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.
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liz: after spending the weekend working to close the loop with shari re stone on skydance's purchase of paramount a deal may finally get done between the woman who owns the most shares in paramount and who, charlie gasparino? >> skydance and redbird that are doing this together. i will just say this, this deal is so insane, i've never seen a merger done like this. there is lot of reasons why this
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is crazy. it is a very complicated deal. it has to be complicated by the very nature how shari redstone owns paramount through a holding company where she holds controlling shares, not really the common stock. it is a very complicated deal what skydance want to could, buy her stake, merge skydance into redbird to perform a new company, very complicated. this thing after i'm done speaking for all i know we say we give up, because it is just too hard. liz: or we have a deal. >> or we have a deal. here is what i know from people close to the deal talks, skydance and redbird, redbird is playing a major role. they have jeff shell former nbc, jeff zucker, former cnn and nbc, they were there working all weekend from what i understand like round-the-clock. they were working today. they believe they have momentum to get this done by the end of
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the week, they believe. now, whether that. what is this? something that satisfies shari redstone, she wants 2 1/2 billion, maybe they sweeten the pot for her, something that satisfies the common shareholders, you have to prevent the common shareholders from suing or poll mollify them enough so they can't lose in court, delaware court. they're modifying this. there is story the journal put out, which i find interesting, after i tweeted out paramount, it is up now? liz: it is flat, pretty much flat. >> that is basically my tweet on my appearance here. so the journal ran a story about how edgar bronfman might come with bain capital. liz: seagram's billionaire. >> very weird when i did that tweet came out, i have not confirmed edgar bronfman
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interest, it was interest, not a bid, that shari is negotiating through the press to get a better price by leaking this. it made me think. i'm not saying that is the case. i'm not saying he is not interested. i'm just telling you it was weird timing with this going on and whether it moves the needle i can't tell you but again this is really crazy stuff. i have never -- if we wake up tomorrow there is no deal i would be not shocked. if we wake up tomorrow that skydance is done or you see a story in the journal that deal talks are over, we got it, blah, blah, we're ready to go, i would an, i would be not surprised either but i'm telling what you know as of right now, they believe there is momentum to get it done by the end of the week. liz: oh, end of the week. >> that's what they think. liz: four more days, charlie. >> we had a nice discussion last week. liz: it was so friendly and sweet, so charming. >> what did i do wrong? liz: thank you, charlie. we got to look at tesla shares,
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they are losing charge right now, down about 2% after another major tesla investor, the norway sovereign wealth fund said on saturday it will vote against ceo elon musk's 56 billion-dollar pay package. the shareholders vote this thursday on the largest ceo pay package in history, whether it holds, because it already passed a couple years ago but when many question marks surrounding the ev maker, our "countdown" closer says you know what? he has names to rev up your portfolio elsewhere. joining me, former, you still like tesla? peapack managing principal, david dietze. >> we own shares of tesla. we think the equities should reaffirm this pay package. we think the judge in delaware has no business influencing its judgment for the directors back in 2018. i think it will be approved by a narrow margin. we're just talking about norway. they voted against it in 2018.
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there is no new news there. they didn't like it then they don't like it now. california said on the air they would vote against the pension fund. they voted against it in 2018. the retail loves it. they get 90% of 45% of people own as retail investors. if they get 1/5 institutional it gets over the line. liz: if people are too anxious what might happen thursday, where what have you got? where else should people assaulting their money? >> go with nestle's. if you're tired of a.i. mania, go with the oldest consumer staples maker on planet. you have exposure to 190 countries. i they have been, 30 brands one billion swiss francs, but the two brands i like is gerber baby food and purina dog food. they may shop down, for consumer staples, when it comes to the
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little one, comes to your pet, people don't experiment with different brands. go with nestle. it is down a third from its all-time high. it gives you some international exposure. liz: you have 10 seconds own boston property. >> absolutely. when everyone hates commercial office space i love it. it is down by 2/3, but guess what they never cut the dividend 6.2%. free cash flow stays constant. at the end of the day go with best-of-breed. just in top u.s. cities with the highest class properties. barclays the other day everyone combs back five days a week. [closing bell rings] liz: i will wait to see that working every day in the office. david dietze, the s&p 500 that is a new record high close. nasdaq too close to call. that will do it for us. "kudlow" is next. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. tax cuts, deregulation, drill, baby, drill, secure border, the democrats seem to think those are somehow inflationary

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