potential. we'll try to do everything we can to keep knit that category. taylor: ryan, thank you so much. really appreciate it. >> thank you, everybody, have a great day. taylor: you know i mentioned at the top of the block markets are closed we can still use a.i. pull up this chart. brian, you brought us the alert -- brian: horse race that jackie loves. >> 3.34 trillion, pop quiz. it ipo'd in 1919 -- 1999 at what stock price. brian: that's tough. $43. >> $12. guess how much the return has been since then. brian: show will be offer. taylor: 590,000%. brian: cheryl casone did you buy when it was $12? cheryl: i refuse to answer that question on the fact it depresses me i did not.

good afternoon, everyone, i'm cheryl casone in for charles payne today. this is "making money." breaking right now, the a.i. boom catapulting nvidia to claim the title 6 world's most valuable company. now the market is closed today in honor of juneteenth. at 2:25 well hear from two americans saying that is not the case because they are struggling to find jobs. former president trump making his maga-nomics pitch ahead of the first debate. iowa congressman asialy hinson is here to join us. president trump is working to tear down the blue wall in the west. all that and more on

"making money." cheryl: as mentions of a.i. and earnings calls continue to rise, so do concerns over technology taking over the labor market. joining me now qi research ceo and chief strategist, danielle dimartino booth. and corporate men shuns of operational efficiency, really have been spiking in these earnings reports and we're seeing this really at the highest level since the great financial crisis. does this give you flashing warning signs that a recession is coming? >> well, cheryl, actually, if you look at the, at the revisions that we've seen from the census bureau and more recently just a few days ago from the state of california, 11% of the nation's population, right now, 20% of the unemployed happen to live in the state of california but they revised their data for the fourth quarter. it looks like recession probably set in last october or so. so we, we really are already in the thick of things.

earlier this year the richmond fed and duke university, their cfo survey, chief financial officer quarterly survey, found that 75% of american companies were already using a.i., automation to replace workers. that was the large companies, about 44% of smaller companies were already employing a.i. to replace workers. so the trend is actually well underway. cheryl: it is interesting too because as we look at the labor market. we look at where corporate america is going, we talk about a.i., and that operational efficiency, that you mentioned earlier, we're going to get jobless data out tomorrow. jobless claims will come in 8:30 a.m. eastern time. do you think we'll finally start to see the trend move higher, not the weekly numbers but the four-week moving average of claims? because we're starting to see little cracks in the monthly jobs report. are we finally going to see that in the claims data? >> well we certainly already have begun to see again, that as

well. we were kind of drifting around the 212,000 in initial claims area for months and months. we were stuck kind of in this very tight range. a lot of companies that had difficulty securing employees during the pandemic and after the pandemic were holding on more tightly than they would otherwise. we popped up to 240,000 just in the past few weeks. it steadily has been rising, cheryl. so i expect we'll see a continuation of that trend. of course bankruptcies in the united states are up 35% year-over-year. retail store closings are up 24%. rite aid just announced it would close 27 locations in the midwest. that will take down another thousand or so employees. so again, many of these trends are well underway, but a lot, a lot of individuals in the media, a lot of networks, yourself of course excluded, seem to be able to gloss over a lot of these data. cheryl: well i do the data in the mornings here on fox

business. i go through all of those reports. we have got retail sales yesterday. when we started to pour through that, the number came in below estimates but you have to ask yourself, and i said this yesterday, if we're going to see the data start to really show that inflation is sticky which it has been, and you're going to see retail sales which is not inflation adjusted by the way, you start to see that cool off which we did yesterday, that tells me that this is going to push the fed to give us the interest rate cut that the markets are calling for? >> cheryl, you're spot on with this. five of the last six months of retail sales have not just been revised downward, they have been revised deeply downward. a lot of americans are maxing out their credit card limits, turning to things like buy now, pay later. indeed the market despite what the federal reserve maintains that they're just going to be lowering interest rates, once presumably in december, the market has begun to fully price in two rate cut this is year,

beginning in september. that critical federal open market committee right before the elections. cheryl: danielle, before i let you go, i want to point out i also look at the personal savings rate and i look at inflation and parts of report and i look at personal savings rate to see what americans are doing, they are saving less and less. they are charging more, they're saving less, so you can't tell me the economy is in good shape final word. >> it is not in good shape, cheryl. even industrial production we saw deep downward revision of prior months. we'll learn well after the fact the economy has been in recession and americans are not imagining how difficult it is to keep up with the cost of living. >> go to the grocery store, ladies and gentlemen. danielle, always great to talk to you. thank you for being here. >> thank you for having me. cheryl: let's bring in wealth academy founder rob luna. i'm not sure how much of the discussion you heard there. i have kicked off the show with

nvidia and a.i. if you look at the market cap of technology stocks as a group it set a record 44% of the s&p 500. that's an astronomical weighting. that is 12% above where we were after the dot-com bubble peaked. and that was in 2000. anybody watching that is old enough to remember this, remembers what happened when the bubble burst. what do you say here? >> yeah, i'm definitely old enough to remember, cheryl. i hate to say it's different this time, but i think it really is different this time. when you look at companies like nvidia, taiwan semiconductor, they are reshaping the face of how everything is done. you know you were talking about artificial intelligence. i had the great misfortune of flying on southwest yesterday. i wish at the counter i would have had some artificial intelligence to help me out. employees are becoming so hard to find. artificial intelligence will not only be making companies more profitable, i actually think for a lot of people it will be a

better experience. i think more money will be continued to spend on technology. i think even though it is 44% of the s&p 500, i think it will continue to get larger over the next year to two years. cheryl: let's go back to the elephant in everybody's room. that's nvidia. so the market cap went above 3.3 trillion. >> yeah. cheryl: they overtook microsoft and apple, they became the most valuable company in the world. a, were you surprised by this? b, the question has to be is the stock overbought? >> i would be lying if i said i wasn't surprised in terms of the velocity this stock has had. we've owned this stock for a long period of time. we haven't sold any yet. i have been lying to say we haven't been thinking about taking profit. obviously trees can't grow to the sky. when you look at apple, microsoft, those two companies you don't have to be with apple, don't have to be with microsoft, everything you're using today with a.i. will have nvidia embedded in. so the total market is much larger for it. i obviously love the stock.

however buying it when you see this type of runup is a little bit scary. for most people if you're not in yet, i look for 10 to 15% pullback. hopefully that comes. cheryl: well one of the picks that you like, a stock that you like is adobe. you say that is a play on a.i. >> yep. cheryl: that really hasn't been explored yet. what do you mean mean by that? >> their chips, their a.i. will be more the creative side that nvidia is not doing. no one else is doing it. when you look at the addressable market for adobe, right now you have to be pretty tech-savvy. seems everyone these days are becoming a content creator. with a.i. that will open up the market what adobe can do, hot customer share is. the stock has significantly underperformed but their last earnings report was blowout. the stock still down pretty much significantly on the year. so i think if you've been out of adobe, you're looking for a entry point, i think this is good one overlooked by the market. cheryl: last word, you mentioned content, you like netflix.

it does seem in the streaming wars netflix is really becoming the winner here. >> netflix is an absolute beast. now they have live sports. the thing about live sports that will put in advertising. advertising is something a small part of revenue that i think will become a much larger part of revenue. netflix, next 12 months sees $800 a share. cheryl: interesting. i happen to even that one. i didn't buy nvidia but i you bought netflix. quickly as we go, got to tell you, rob, united airlines have a great app. just try it. you get stuck somewhere, united airlines is your friend. >> thanks, cheryl. cheryl: rob luna, thanks for being here. we have a lot more coming up during this hour. homebuilder sentiment coming in below consensus as powell signals further pain ahead for the housing market. katrina campins is joining me to break it all down. that's next. ♪.

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rents continue to spike across the midwest with little sign of relief. fox business's kelly saberi is in chicago with when relief may come. kelly? >> hi, cheryl. inflation rates are being driven by rent growth right now. yesterday fox business spoke with the new york federal reserve president who says that in the next few years, if interest rates can go down he believes housing may be more affordable. take a listen. >> i do expect interest rates over the next few years to come back down to a more normal levels and you know, from my point of view, you know the job number bun is make sure we get inflation back to 2%. high inflation doesn't, you know, obviously painful for everybody. and do that in a way where the economy remains strong. i think that will help deal with the affordability and kind of housing and mortgage rate issue. >> reporter: shelter inflation is used to measure rent as well as utility payments on both

homes and apartments. according to the bureau of labor statistic shelter inflation was 5.4% higher last month than it was a year ago. there were four metro areas of at least one million people or more that have new lease rents that rose 5% or more on average this year. louisville, kentucky, hartford, connecticut, providence, rhode island and honolulu. sunbelt is driving costs nationally to appear flat still. cities like austin, nashville, phoenix, they have abundance of apartments, this is steering the rent growth into the negative, excuse me, costing new rents to decline is the win there. experts say the strong job growth is another reason why landlords are okay with raising your rents. cheryl? cheryl: we see that in the cpi every month, kelly, that shelter component in general is keeping the inflation numbers higher to your point. kelly saberi out in chicago.

kelly, thank you so much. like a beautiful day in the windy city. let's bring in "mansion global" host, fox business real estate contributor katrina campins. it is interesting, katrina, you look at mortgage applications, they jumped a little bit in the latest nba weekly survey but there is a report shows that a little more than 38% of homeowners have no mortgage. you have to wonder with so many sitting on homes with no mortgage, if those will be individuals will be willing to sell at some point and kind of unstick this market? >> thanks for having me. well it is also important to note that 96% of homeowners have a fixed-rate. that means that mortgage debt, 96% of that have a fixed-rate and 87% of that has a 6% interest rate or less, and as you mentioned, 38.5% of homeowners have no mortgage at all. that coupled with low supply,

inflation and a current high interest rate environment has made the housing market more and more challenging every day. that is why i truly believe that interest rates need to hit 6% or less for us to begin to see a recovery. now, builders have been driving the market for some sometime now. they're the ones providing the most incentives. they are selling, eastern though not as bullish as they once were, but they are cutting prices and providing incentives in order to do that. one of the things they're doing are mortgage buy-downs. so buyers can negotiate with builders to bring down their mortgage rate for the first year, second year, sometimes even the third year of their mortgage by asking the builder to pay for that. you can also ask the seller of an existing home sale to do that. so, that will alleviate, right, your monthly cost and your, provide you with a yearly savings. and then the rate will go back to what the current, you know, interest rates are now, but by that time, hopefully you will be

able to refinance. so that's something that you can do in the current market if you do find your dream home. cheryl: that's the thing. thanks for the dream home shoutout. katrina, i have to wonder if those baby boomers that have been on hold, they have been pausing because they don't want to go into something if they use financing, go into something, pay 7%, that is the group i'm curious about. get your take on that. you mentioned builders. we did get homebuilder sentiment today, it was down for the second straight month. 29% of builders say they're cutting prices. what do you make of that? >> right. and they are cutting prices, so they are selling, right? for so long, builders new construction was really driving the market. the reason we were even having somewhat of a real estate market is because of the new construction build, because some people are willing to wait. and some people are willing to rent while they wait for their dream home to be, to be built. cheryl: yeah. >> however, with interest rates

being what they are right now, builders are not as bullish as they once were. they are having to provide incentives. they do realize you're not going to get what you were going to get, when interest rates were two or 3%. let's also remember that income is just not rising the way we need it to be able to keep up with the home prices. it is a real challenging market. homeownership continues to be the best way to build generational wealth. it will recover. cheryl: absolutely. it is a shame gen-z and millenials are not able to make that happen for themselves because i agree with you 1000 percent. i was looking at this, comes from the mba this is mortgage apps, if you dig into the data, now we're in the middle of june, we could be looking at the worst spring for homebuyer mortgage applications since the great recession. that surprised me, katrina. >> you know a lot of people compared this time to the great recession and there is so many debates out there as far as

income not being, you know, the same that it was back then but i'm actually not surprised because you know, when you compare it to what interest rates were just a few years ago, it's really difficult to swallow, to enter the real estate market at 7%, 6%. it just, you just don't have that incentive that you had at two or 3%. so i'm not really that surprised by it. cheryl: yeah. we'll see if mortgage rates start to tick down. if we get the fed rate cut later this year, that could be the shift that maybe we need. we'll have to wait and see. katrina, grat to see you. >> great to see you. thank you. cheryl: all right. you can watch mansion global and "american dream home" exclusively on "fox nation." so while many on wall street claim that the labor market is strong, many americans find it difficult to find a job. coming up i have a panel that will share their current experiences in the job market.

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for is zero toe none. >> over the course of the last seven months i applied to a good to 3 to 500 job. >> i applied to 150 jobs between october to now, i'm still unemployed. i can't even explain how demoralizing it is without bursting into tears. cheryl: if you feel like finding a jobe seems impossible now you are not alone. according to the latest data labor, jobs fallen to three-year low. that is not news to my next guest who have applieded for hundreds of jobs and have not been hires. we have lost enterprises chief marketing officer jennifer. great to talk to you before. i will start with you, what you have been going through. you've been laid off, correct me, three times in three years. you have applied for 180 corporate jobs and only six interviews, is that right? >> that is correct, yep. >> what is going on?

>> i, you know, that is an interesting question i'm still trying to figure out the question to, but reality there is huge power imbalance in the job market right now. it is an emmier's market, companies know that. that means they can be more nimble who they want to hire and drag out the processes. companies are posting jobs. at the same time those same companies are laying out thousands of people. that is extremely confusing for those of us navigating this process right now. drawn out hiring prossis, drawn out interviews, and people getting offers, offers are getting rescinded so known of us know what to do. i'm finding job-seekers are trying to get some level of power back here. cheryl:ing, of course. we've been reporting this on fox business, corporate america is doing mass layoffs this is happening for months. both of you have to deal with that reality unfortunately. jennifer, you co-owned help run

a marketing company for 20 years, until the family business shut down. that was the pandemic. you have applied as well for hundreds of jobs over the last eight months. what have you been going through? >> my job search has definitely been challenging, let's say that, an eye-opening experience. because i was, after co-owning, managing a marketing company for 20 years, seeking new opportunities has just been an adjustment for me. i sent out the resume's. you know, personalized the cover letters and the resume's but despite my extensive experience, you know, 20 years, in applying to hundreds of jobs, the response has been definitely slower than expected. initially i had received some interests, about an interview per week but this decreased has decreased significantly in the recent months. then i think i go this a little bit of you know, highs and lows in terms of applying, because

you do get frustrated. it is a humbling experience and it's difficult, it is hard to remain optimistic, about you really need to, you know, stay on the path and stay on the journey. that is what i keep telling myself. i'm learning a lot. i have actually, you know, increased my education, trying to add value in terms it of getting mba certificate. i know i have a lot to offer any organization. it is just getting to the right position and the right person. cheryl: that's what, that's true, you have to continue to believe that, your right, but it's hard, i'm sure. and i'm sure you made an interesting post, you mentioned on tiktok, cracking the code for applying to jobs. you got a lot of online attention. let's listen to this. real. >> if you are unemployed i just heard the best job search tip that i have probably ever heard in all three of my layoffs, in all the years that i've been

dealing with this. cheryl: that clip went a little viral there. >> yeah it did. kind of an accident, but basically specifically with that video i felt i stumbled upon this treasure box of information how recruiters were structuring their hiring process and their days. i felt this responsibility to share it with everybody going through it right now because job-seekers are feeling isolated, defeated, depressed. it is not because of our resume's. it is this out of control feeling with our professional futures right now. and so, we're desperate. there are a lot of experts out there that know we're desperate and can be profiting off the unemployed. so i think that video in particular resonated with people who are unsure what to do. we have all this time, we need to know how to structure our time. that is the best way to really control what we're going through right now. cheryl: yeah. jennifer, how about you, final word, what are you telling yourself, how are you boosting

yourself to keep moving forward? >> oh, you know what? i say to myself, despite all the challenges that are out there, i remain optimistic. like i said i know i have a lot to offer. in finding, in finding the right fit will obviously take longer than one expects but, and i have, you know the great skillset. you have to keep telling yourself? you know what? i have strong believer there will be a job out there that fits me, fits my skillset, and i will offer something to that company that they're going to want to hire me. cheryl: jennifer, i will leave this with you. one of my best friends here in new york, had an amazing marketing resume' like yours. took her over a year to find a job, but she did, she did not give up. do not give up either of you. thank you so much for your time. >> thank you very much. cheryl: all right. cheryl: joining me now is lonski group president joan lonski,

manhattan institute senior fellow allison schraeger. let's pick up what we heard from both of them, john, especially with the job searches. what do you make of what they told us? >> whoo i can't help but think, how goodness we had 272,000 jobs added to payrolls in the month of may, let's not forget at the same time the number of people working fell by more than 400,000. on balance i think this is a weak job market. i'm going to mention one statistic, that is what is going on with the year-over-year growth rate for private sector wage and salary income per job. a year ago it was growing by 3.7%. it slowed to 2.5%. you don't get that type of slowdown without a soft inching of the job market. my sense is that may's 4% unemployment rate actually understates the softness of the current job market and these two

individuals have borne that out. i will add another thing quickly. i do some teaching, college level, the students are telling me they cannot find interviews. cheryl: having a tough time. i'm hearing the same thing. >> there is actually no jobs growth in finance. cheryl: what do you make of this? >> to some degree it is worse in some industries more than others like finance and tech are not hiring like they used to. what is extraordinarily with this time, historically, not a terrible labor market what is interesting about the jolts data, hires or job openings are still above where they were pre-pandemic by hires a lot lower. that is explaining what they were hiring. they see the job openings, and companies are in a lot more picky about hiring and not rushing to hire someone. that is adding to the frustration. you see all the jobs advertised. it is a difficult process to actually land a job. >> i want to add another thing, if the job market so great why have retail sales been so flat?

cheryl: we talked about that. >> my goodness, 3% growth is nothing. cheryl: i talked about that with rob luna because we did the data. they were soft. the numbers were soft. people are saving less. they're spending less now. it also, let's move to another generation, and that is gen-x. a new report, half of gen-x need as miracle to retire. gen-x, the oldest gen-x member is 59 1/2. that generation, that is my generation, i'm not that old, are i have thissing about retirement. look at the concern on your screen here. that is pretty big. >> yeah. i mean i think, what is interesting about this time is probably starting with sort of the, sort of younger baby boomers and gen-xes, first generation really retiring significant assets from defined contribution plan. we didn't switch from defined benefit. most people didn't have defined

bern fit. we don't want to romanticize those to individual pension accounts. more people have retirement benefits than ever before. if you look at the data gen-xes has more retirement assets than any other generation. cheryl: thank god. >> but we haven't been very effective educating them what to do actually do with that money and giving help they do. there is understandable concern but a lot of confusion. cheryl: i think our generation, we were told when we were young, get into the stock market, buy a house. the problem with, i think with gen see. now, even millenials they can't, they can't get a job to move into the stock market to invest in the stock market f they want to buy a house, they're struggling to do that. john i want to tap into your economist brain with jerome powell and fed. interest rates are affecting so of what we're dealing with now. we look at the recent data.

basically powell still seems to think that a soft landing is possible. do you think that it's still possible? >> less so, okay? i think the odds favoring a recession are growing if only because of these flat reads on consumer spending. consumers are slowing down, the rate of spending can only mean that businesses have a need for fewer workers. at some point layoffs begin to mount. as layoffs increase, consumer spending slows even more. perhaps begins to dropout right year over year. then you have a recession. i think if we're going to get mortgage yields down to 6%, as an earlier guest mentioned, that's probably going to take a recession to knock that 10-year treasury yield well under 4%. have it approach 3%. cheryl: allison, you make a really great point that volatility is low but we need, we need to have some warning bells going off right now where the market is. what do you mean? >> we've gotten spoiled with

rising stock markets fairly low volatility. markets don't particularly work that way. if you ask people were the market is up, potential of a.i. it is still unproven technology. i'm optimistic for it. every life shattering technology, has a long volatile period. you make a lot of wrong investments. that is the process. cheryl: that is the risk-taking "the wall street journal" pointed out earlier this week as well. john, allison, great to see you as always. >> same to you. cheryl: see you for the jobs report coming up soon. the campaign trail is heating up as president biden and former president trump are battling for the midwest. iowa congresswoman ashley hinson is going to join me after the break. we'll be right back. ♪.

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do it all on the network made for streaming, and bring on the good stuff. ♪. cheryl: as they prepare to go head-to-head next week, president biden and former president trump are turning attention to a crucial swing state that is key to the blue wall. grady trimble is in other d.c. bureau with their pitches. grady. >> reporter: hey, cheryl.

president biden is highlighting how much money his administration has sent to wisconsin a critical swing state, through signature laws that the president has signed. the state has gotten nearly seven billion dollars for infrastructure and clean energy projects. that includes almost 3 1/2 billion dollars for roads and bridges. almost 1 1/2 billion for high-speed internet. nearly $26 million for green school buses, and more than $45 million for electric vehicle chargers. former president trump at a campaign rally yesterday, took aim at his opponent, tied biden administration spending to higher prices. >> i would stop biden's wasteful spending, rapidly terminate the green new scam which is total scam. we're spending money like drunken sail liars, you know the expression, drunken sailors. they love that expression. i will end the biden inflation nightmare and will end it

quickly. >> reporter: but the biden campaign hope people in wisconsin, especially the milwaukee area where the president needs solid turn out in november, see the money coming in, how they're benefiting from it. president biden has visited badger state several times to tout the projects we mentioned and to take credit for. president biden: some of my friends on the far right criticized my investing in america agenda, which includes i my bipartisan infrastructure law, chips and science act, inflation reduction act. a lot of businesses were supported as a key economic growth we're seeing now. >> reporter: remember, cheryl, trump eked out a win in wisconsin over hillary clinton in 2016. biden flipped it in 2020 but by less than 1%. so as the biden campaign tries to fortify this so-called blue it, maybe an opening inacks in wisconsin and other midwest states for former president trump. cheryl. cheryl: states in play as they say.

grady trimble live for us out of washington. grady, thank you. let's bring in iowa congresswoman ashley hinson. thanks for being here first and foremost but president biden is looking to shore up the blue wall in the midwest and there is this new wall, congresswoman, former president trump nearly 20 points ahead in your state. what are you hearing from constituents, to support these numbers that we're seeing in these polls? >> yeah. well, cheryl, i think when you talk about a blue wall, the only wall president biden should be focused on is the one at earn of southern border which he completely neglected. the reason his policies are i will at thatting us his mind is failing us with the polls in iowa and other states, like wisconsin. you will see a huge turnout in president trump. the democrats don't have anything to run on. they can't run on his economy, with "bidenomics" and biden-flation. energy is more expensive, they can't run on safety and security

because we have a wide open southern border. i think it is a prime example why the democrats will fail in november. i think president trump will win iowa by huge margins but win wisconsin too. cheryl: many of the polls as far as the swing states go, former president is in strong position, even the 538 poll as well. >> right. cheryl: you mentioned the border, and this is somewhat after tie to that, but may report, showed immigrants are added to the labor force while native-born employment fell. how do we get native-born americans back to work? do you in any way, shape or form fault the border crisis for the disconnect we're seeing in the labor market? >> yeah. well unfortunately president biden in his policies just encourage more and more asylum and those costs are experiencing in our communities every single day. so, places like iowa, we're seeing it really in our school system. we had one small community that had more than 140 kids arrive.

that put as huge strain on the local community. people are feeling demoralizes. the southern border, situation with all these illegal immigrant coming into communities across the country is incredible. it will be a voter issue for sure in november. so i think the solution here is, we need to absolutely secure our border. then have a reasonable conversation after that about legal pathways to come here which means like our visa programs that already exist, that are about workforce. president biden's answer to this, is more asylum, weaponizing the asylum process. adding 2500 to come across the border every single day. if you do the math on that, that gimmick, 1.8 million a year. that is way too many. the right amount of illegal immigration in our country is zero. cheryl: to be clear immigrant employment numbers are based on illegal status. biden is pushing for that. cities like san diego is pushing for that. seattle is pushing for that. we're hearing from google,

openai, they're basically stepping up staffing over threat of chinese espionage. you are on the house select committee on competition between the u.s. and china. how big of a threat is this? basically the question that chinese spies could actually access our most sensitive technology, should we be more concerned? >> absolutely. we need to be eyes wide open because we've been kind of asleep at the wheel, cheryl, for decades on this. there are some examples of china trying to steal our intellectual property. started right here in iowa. 10 years ago we had a spy ring busted, trying to steal our seed, take it back to reverse engineer it. so many cases across the country. one where the chinese paid an employ at ge to try to bring the ip over to china. they will stop at nothing to try to steal our technology, rather than innovating themselves. i think every company should be more concerned and do a proper vetting. this comes not only for employees to protect all the innovation that we do here in the united states but also our

land and our assets. we need to be very, very concerned about what the chinese are doing across the board. and frankly not just the chinese. all of our adversaries we need to be very concerned about. cheryl: you mentioned land. one of the big stories that we've covered extensively here, that the chinese nationals are buying up american farmland, buying up land in large amounts, why? the question is always why, congresswoman. it is great to see you here today. thank you. >> of course. thanks, cheryl. cheryl: well the future performance of the stock market might seem a little uncertain but michelle schneider excuse me as a list of bullish signals, some of which may surprise you. it is coming up next. ♪.

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cheryl: some on wall street are getting worried but her next test has area of enough buyers skip up the dip the bulls will remain in charge market gauge managing director michelle snyder regional banks, transportation, retail and small caps, walk us through this. >> essentially they have been underperforming and you see a lot of information and growth stocks in all of these areas at historical levels, unsustainable and at some point you might see a big correction as a result of that wide ratio. and in spite of all those areas underperforming the areas are outperforming and continue to grow up this simple conclusion

as long as they grow up we see a major collapse which would be time to the u.s. economy in the future of interest rates do we get concerned about looking at a top in the very strong areas. >> you look at a brisk and worrying about it some of these could be geopolitics, stagflation is not at the top your list or their more? >> those are two of the top in terms of geopolitics there are still things going on that we have to be leery of especially as commodity prices and the cost of living, particularly what we seen this week with oil prices and $80 a barrel in the middle east russia as taken aback abroad under backward and the politics in europe and populist movement, somewhat of a deep

globalization, the reassuring coming back to the united states. all of this can be potentially inflationary and not obviously warrant some caution. cheryl: you like cybersecurity, earlier today cdk global a software company has to thousands of car dealerships within their purview they experience a cyber issue does not tell you we need more protection? >> absolutely all around cybersecurity especially with the geopolitics being very much on the radar, companies like palantir which we solve a rally with palo alto and some of the others were interested in that in particular are long-term investments, the more that we get a.i. and datacenter related the more risk we have for people hacking in. liz: data centers is a big area of growth i know charles has talked about that, real quick you like all the retail store in medical devices etf.

>> i think this is really part of a domino effect of what were seen because of the diet drugs and i don't even believe that we seen this wave happened yet probably more next year and maybe even 2026. as the diet drugs become more mainstream and more people start to experience weight loss that is sustained, what are they going to do the good and feel better about themselves so cosmetics and beauty has huge rally and a store that carries a lot of elf products, this is really kind of what were looking at now as far as where we can see consumers switching. cheryl: it's a ozempic train. thank you. that is it for making money, charles is back tomorrow that is it for me, i liz claman. liz: there is so much news, fo