also love cosco. we last the experience of them all. go to costco and get what you need. my dad says of cosco doesn't have it you don't need it. charles: the houses out of their, to your point, i love shopping at costco. that is a record for that bad boy. would you buy the cheap proxy? >> if you ever see me walking around you know it is too expensive. i am in. charles: stop teasing us. go with it. if you have that, don't go to miami. that's all i am saying. take us through the last hour of trading. liz: no knockoffs.

you cannot move a for the next 59 minutes. we are barreling full speed ahead into the final hour of our record-setting expiration. never before seen 5. $9 trillion worth of options tied to stock index, index futures, etfs expire today. june, september, december. never before have we seen this high number, 5. 9 trillion. a bunch of options, 3. 5 trillion tied to the s&p index expired at "the opening bell" but in the next 59 minutes, the real action begins because options tied to individual stocks including nvidia are set to expire. the ai chip leader down 3% falling for the second straight session, that takes added importance. due in part to its skyrocketing performance this year it has

eclipsed all other call or bullish options expiring today including options tied to etfs that track the s&p, nvidia gained 40%, the s&p gained 4 and one quarter of one%. and one 12:45%. year to date up 155%, s&p up 14.5%. they have until the end of session to exercise the contract. the broader markets, dungeons and industrials updating points. and the nasdaq, with two seasonal traders experiencing triple and quadruple. teddy wise for the new york stock exchange. and no sleepy friday today. and be on alert.

>> it was so big. we create potentially huge imbalances, almost an hour to go before we close and the imbalances starting to go up to true and some of the screens we looked at so huge imbalances, and what happened as we get closer and closer to the close. and most cases those imbalances tend to pair off. they want to take advantage of the dislocation will get on the other side of the trade. it's too early, and we see a lot of volume. price movement, a lot of these stocks, dislocation, a lot of the imbalances will pair off and you see giant volume but not a lot of movement.

liz: as record numbers of options expire, you have some that are forced to buy certain equities and sell some. there is this belief that nvidia is going to have to be bought and apple shares might have to be sold as we have a couple headlines from apple. apple is not going to go out, apple intelligence features, to europe, to the european union due to regulations that it says will compromise users and data. in the last two days, nvidia lost $200 billion in market . . >> 3.5 yesterday, 3% today, before the last hour of trading, momentum traders pulled back a little bit. the decision by apple to pull back from the eu, be fearful when others are greedy and greedy when others are fearful

and do we need to engage on that. in that environment why not take a little off the table? that is what we see across the board. investors take a little off the table, big tech names who have done so well in the past few months. liz: when looking at the broader markets, the s&p, looking at these stacks, half of the s&p stocks are down since january but this month alone only one hundred 98 have gained. what does that tell you for an investor who might be looking to pick up certain stocks that might be less expensive. >> the market breadth is telling us are not necessarily popular story. it is a yellow flag, it is anemic and you've got a lot of

names that have not participated in popular average is making new highs and those popular averages being driven not by a handful of stocks but a narrow group of stocks so i think the word is caution. if you look at the aggregates, it's probably way overbought, some of the tech names and we talk a little better about nvidia, clearly overbought but there are others that don't ring a bell when it is a correction but one thing we've seen about nvidia which is interesting, institutional clients have been met with the stock and at seaport, at the retail level. liz: does that make you think it's the slower retail money, barron's has used is that in the past, is now coming in in late cycle of at least this

part of the bull rally for nvidia? >> leaving the fundamentals aside, nvidia is a great company but it is probably more a knee-jerk reaction to the stock split. the 10th one stock split, $20 stock, now 12070128. it is a shame, 120, the perception, psychology of the stock split tends to attract retail investor. they couldn't buy it at 1200. it is a false premise, not a good reason to buy this stock. at the end of the day you need a good fund mental case based on what the company is doing and perhaps it is a buy here. i don't know. nobody really knows what the future holds but a lot of the activity is a knee-jerk reaction to the stock split.

liz: where do you make bullish bets outside of technology that are tech related? >> we have started to trim back on big tech positions, we've been putting money man back into utilities, things like industrials, check adjacent names, but power grid not really prepared for what is happening with ai. they look like growth names, throwing off cash flow and industrials that supply the infrastructure for these names, not so much trying to follow exactly what the ai boom but adjacent names and on the consumer side we've been holding back as relates to the consumer discretionary because it has been a challenging tale of two cities between low income and high income so we've started to see low income names that are more interesting but nevertheless it is more challenging.

liz: the utility play, data centers just gobble up energy. amazing what it takes just to do a single chat gpt search and you believe the utilities are an area that might work. >> it is ten times more power for chat gpt than it would for a straight google search. of the sheer number of searches going on we are not set up for. it is an opportunity to trim these names like nvidia where we had such a huge rise. liz: nvidia is down 3. 4% and we are watching it as we delve into the final witching hour. thank you for the insight. navigating the markets is one thing, navigating the ai revolution is another. the crowdsourcing traffic apps ways was an early adoption of artificial intelligence. its founder ernie levine is

here in a fox business exclusive, why many among the stampede of ai startups will fail and how to dodge disaster by winning a building team. is going to explain. speaking of winning teams, barlow globetrotters have been dazzling audiences around the world for nearly 100 years. they are here live in the studio, why they are planning on settling down in one place for the first time in history. you can't miss it. a xml, nestlé, astrazeneca, shell, the top holdings in the international research enhanced equity etf, ticker symbol ja rae, up in the last 6 months, if you're nervous about do being too heavy and us tech, people are watching this one. "the claman countdown" is coming right back, stay with us.

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their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. liz: europe is beginning to catch up, new data from venture-capital firm xl found uk is home to the biggest number of generative ai startups across europe and israel with 30% founded in the united kingdom. when it comes to funding xl found that france is funneling the most money to new ai companies, 2 and a quarter billion dollars to date. the us is the world's ai leader out of the 67,000 ai companies across the globe. data site tracks them that says 25% are based in the us. here's a sobering thought. next round capital partners which invest heavily in american ai says it is likely

85% of us ai startups will fail. israeli entrepreneur and ways cofounder says most startups die because they make a simple mistake, they fail to put together a successful human team in the technology. he joins me in a fox business exclusive. i would have thought it's a product that's not up to speed or disruptive enough or too big competitors are trying to squash them but you say it's the human quotient here. >> it -- liz: we lost his audio. we will try to reestablish that but think about that. if you've got a product but the not the right humans to put it together, what are you going to do, you will see a unicorn go to a corpse. that is the focus. we have him back? what would you like me to do?

we are just working up here so why not put up markets if we can for the moment lodz as we go about 44 minutes into the final closing bell, dow jones industrials up 20 points, this is triple witching friday. that means there could be a lot of a volatility at the moment and certainly starting at the back half of the hour, s&p down four points, nasdaq down nine. back to you. technology, audio technology. as you were saying, the team is building it is the most important part. >> i believe it is. about half told me it is not like that. we had this guy, and ask them

the most daring question, when did you know the team is not proper. in the first month, in the first month, wait a minute, if you're in the first month we need to do anything, not that the team is doing that. the ceo did not make hard decisions. making hard decisions is hard. this is why most people don't like to make hard decisions. it will always go to the top. the most, the nature of the beast. everyone knows and the ceo doesn't do anything, that's the nature of the beast, i generated a rule basically saying i want to force a decision and we know what is the right decision. a general rule saying every

claim you hire someone new, 30 days down the road. liz: just as he gets to the juicy part. are we there? can you try again? >> the general rule is every time you hire one person, ask your self 30 days down the road one question, knowing what i know today, if the answer is of this, go to this person, they are exceeding your expectations. if the answer is no fire them immediately. from this point on, we are set on a trajectory of not being successful and they are damaged for you and your organization or your self and this happens, when did you fire this person.

the most important part of it is you are doing them a favor. when i spoke to those people it was a relief for them. they realized something doesn't work here. they don't fit. they deserve to fit even though it might be someplace else. this turns out to be one of the most important parts of it. at the end of the day, this is about that. the people foot make sense and don't want to have people that don't fit and in order to do that, you need to fire facts. >> he made a rare appearance at his investor public appearance at the company's annual meeting and made a bold claim that ai will be 10,000 times smarter

than humans in ten years. that is a very dramatic statement. do you agree? >> i think that ai is an amazing tool for your own benefit. this is dramatic, new tools coming over and those that adopted them faster increased productivity and eventually this is not going to replace us. at the end of the day what ai lacks might change but right now it still has, creativity, passion, the ability to understand nuances that the machine is unable to. liz: great to have you. i feel better knowing we won't be replaced. at least we hope not. appreciate you coming on. we played in 124 countries and

territories on six continents before 138 million adoring fans. the harlem globetrotters set up shop in new jersey, the first sports residency in history. some hotshots to show us their stuff and tell us why after 100 years, 27,000 winds they tend to entertain sports fans in one place for an extended period of time. we are back with the harlem globetrotters.

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liz: the harlem globetrotters taking over the american dream mall, the first ever sports residency. first ever sports, they will take over the gigantic mall for 10 days in august, the harlem globetrotters will play 16 games against florida rivals, washington generals who never manager to whimper to consume over the historic franchise celebrating the 100th birthday next year. joining me in a fox business exclusive is harlem globetrotters president keith dokken son. great to have all of you guys. tell you about this residency.

>> like minded citizenship, the retail, 400 tour dates around the world. when you went to see the globetrotters at the forum. it was an opportunity to come to gather, hard to have a first in the residency, 16 games over ten days. liz: such a brilliant brand. hi five, not the size of the dog in the fight, you are the smallest player in professional sports history. how do you come about it? >> to see the knicks, and

madison square garden, telling my mom, for the knicks, a whole line, the game is going on. if they reached out to me, and interested and the players, can i get on the flight to atlanta. in the eighth year. liz: you are in new york city as well as hotshot. across the river near your home state in new jersey. what is the big attraction, how do you get people interested in coming who don't know the harlem globetrotters. >> no matter what age you are you always remember the memory of you going there.

it will be special for need to see me play. the globetrotters, family entertainment, can't get better than that. liz: tickets are on sale but what other sort of exhibitions are you doing, what can people expect to see when they buy the ticket? >> it is diversifying, showing up at a tour stop and engage with the brand to showcase -- produce content off of this. it is a way to diversify the business to engage the audience. >> came to show you.

>> keep the finger really still. >> just do that. liz: i did it. so great. you came back from egypt. how are you received overseas? >> another 150 tour days. new zealand, south america, asia, the african continent, unbelievable. throughout europe. liz: at nickelodeon, you know how to develop a brand and bring partnerships. >> we have derived all of this from the tour. think about when the tour was shutdown.

we need to diversify content creation, consumer products and licensing and social media channels. all the things for the next 200 years. liz: i got to see that. peace, love, metal, great to have all of you. check out the harlem globetrotters, survived 100 years, unbelievable and so glad you are alive and twirling, not kicking get. spin it out, the globetrotters get ready to celebrate 100 years of dominance, another iconic brand, more than 50 years old looking to make a comeback. .ru banking on its most classic games, astroid, centipede, missile command and more.

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liz: nike putting a few points on the board. shares are bouncing one point, 1% following an upgrade from oppenheimer, the firm raised its rating on the stock from performed to outperform and hiked its price target from $110-$120 a share. nike is down 25% over the last two years, underperforming the s&p but on an armor says it will rebound as it focuses on product innovation and brand building. look at this game, 29% higher, a three year high after the fda granted traditional approval for gene therapy, the drug is used for patients with progressive muscle wasting disorder. it will be available up to 90%

of the us patients including children four years old and above who suffer from the inherited disorder, that is a huge game changer. callan raised its price target on the back research committee from $165 to 203. piper sather hiking it from 157 to 205 at 160 and change. the contract drug manufacturer benefiting from news up 3. 4%. let's talk spirit aerosystems getting a left after a report it is close to an agreement that would bring it back under the umbrella and direct control of boeing get. the aerospace giant is attempting to buy spirit arrow to improve production quality. spirit which used to be under the same boeing umbrella. the fuselage components for the

737 max. boeing served the wichita division and some investigators believe part of the issue is boeing doesn't have direct oversight over spirit aerosystems. a reuters report said us casino operator, approached a possible merger and need to have several hurdles, the smaller of the two companies, up 2.4%. if online gambling isn't your thing, how about classic video games. those brands are about to make a reboot, 3 months from atari debuting its rising videogame on all major platform. those who might you be thinking that sounds familiar, it is a robotic first party atari game

which was released all the way back in 1982. if you have the original game, the company has re-released the atari 2600 only they are calling it the 2600 plus, what is the market for the retro games. to compete with the likes of x box and play station. atari ceo wade rosen. there's a passion for these names. >> i was not but i do have a huge passion for it. i studied the history and live and breathe it every day. liz: what is the preorder number looking like? >> it has been a strong performer.

a power rangers game, we announced a remaster of the thing. we have several other games that get a lot of attraction and does. liz: how many are interested in going back to the old way of cartridges versus what everyone is talking about, streaming, game stop is in trouble. your manufacturing new old cartridges. >> i would liken it, and a lot of people, with vinyl records, cartridges are the same thing, a means to at something tactile about it. and is not as large as additional market.

>> any of them selling out. and that's one of the main things we do. and there's some degree of exclusive things. limited access to the scarcity. >> what is the desire for people to rediscover games. >> people are shocked to find, and the target always. i was of an age you did get to experience asteroids and centipede and arcades but also my pc, playing it for the first time and a way for generations

to play together for parents to do that and play these games with them. crossing generations. liz: x box and play station. atari was among the very first. magnavox was the very first. it was the biggest deal, do you envision, do you have that goal of eventually reaching once again. >> i don't know if anyone can reach the level of market saturation that at ari had. it is never been replicated. it was so early on in its development. that said, we set a goal that whatever we do we want to be

the best at it. we feel like that is retrograde. we can be the best in the world at retro and different types from these 3 releases of cartridges and hardware to remasters of classic games to collections of games so that is what we are focused on colombian best in the world, the best piece of the video game and their meaning. liz: that makes many people will be you they are waiting for this, you like to grow and get in there once again. >> television was a natural acquisition because it was the original console. atari versus television and a few others. to put a end to that and bring get awesome games, the awesome brand under the atari umbrella

and unite those fans was a no-brainer for us. appealing to the retro community, television was, that was what we wanted to do and how we wanted to go about that. united these brands, there can be more about that. liz: we love this kind of story, thank you so much. >> thank you for having me. liz: i played palm back in the day. not very difficult. unbelievable. everything old is new again. is paramount aging as we speak? the future hangs in the balance for the media conglomerate. credit face another big hurdle in attracting a new buyer? charlie brexit next on "the claman countdown". otc strength lidocaine that contours to the body to relieve pain right where it hurts.

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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. liz: take a look -- look at shares of paramount global, up about two-thirds of a percent at this hour. wall street analysts crunching numbers to try and determine the company's true value as it continues the hunt for a new buyer. charlie gasparino's doing some number crunching himself. what are you hearing? >> liz, this is kind of the calm before the storm, and the calm

meaning after the faded, i guess, deal between skydance and paramount, most of wall street -- and this is hedge funds, arbiters, the people who place bets on companies based on whether they're going to be sold or broken up, a9 lot of those players are crunching the numbers and looking at the balance sheet of paramount. they think bottom line, i guess this is the good news, there's value there because the stock is now trading at about, whatever it is, it's a $10 billion company -- no, excuse me, a $6 billion company. i think it's a $10 stock. but they think there's some value are there. the bonds aren't worth zero, because you look at this through a liquidation basis. but here's what's really concerning a lot of people, and i've been talking with analysts all a day about this. okay, paramount has $14 billion in debt, but they've got $1.3 billion in what appears to be an unfunded liability for their pension funds. and it's starting to raise some eyebrows, because i'm getting

calls on it, i'm asking about it. and, you know, just, you know, in a break-up situation where people don't know and paramount has not answered our questions, let's just say shari does break up the company, starts selling bet, starts selling the library because she can't do a grand deal. it seems increasingly elusive for her. do those pension fund obligations get paid? i can tell you this, employees after pair mount have not -- paramount have not had an easy time with all that's going on. there's layoffs, management confusion, now you've got three ceos. you drop on them that a you're not going to pay their pension liabilities because you don't have to, well, that's going to be another problem. again, we're asking these questions. we're not saying this is what's going to happen. the company does have $14 billion in debt. you know, when they start valuing this as $26 billion deal, remember, that was the number that sony apollo came up

with, that was with the, that's with taking over the debt, okay in so, obviously, they're not going to -- they're going to have to pay down that debt. the question is, does a private equity firm like apollo pay down the pension fund obligations as well as debt? where does the pension fund obligation sit in the capital structure? is it before secured leonards or after in and this is -- lenders or after? and this is where people are asking questions, we're not getting much answerses out of paramount right now. but clearly, you know, the talk is still on the table. don't be surprised if skydance comes back. don't be surprised if they make another run at sony, although the regulatory issues around a foreign company like sony is a little hairy, and apollo, you know, they're a hedge fund -- excuse me, they're a very, very tough private equity fund, you know? get in bed with them the, you know, they're looking to cut -- they're not going to overspend for this, so to speak. skydance could be back in. but with, again, and i think

this is why keith ellison didn't want to pay up. this $1.3 billion, i mean, there's a lot of debt here, and i don't think he wants it on -- he probably didn't want it on his conscience to stiff the pension fund people. so that's why he was, at the end, it looked like he was nickel and diming shari redstone. this thing is still plague out, liz. it's a fluid situation, but clearly all the arms on wall street are crunching these numbers right now. trust me on this. in preparation of something. we don't know what yet, something happening. back to you. liz: yeah, something. because they have good things, they have good channels, they have good networks. i mean, it's got to be worth something. >> there's some value there, there's no doubt. they have a library, is the biggest piece of value. liz: absolutely. charlie, thank you. you coming in next week or you just going to hang out at home? [laughter] >> no, i like it here walking around in my shorts and walking

out. i don't have to shower when i'm home. liz: thank you. [laughter] closing bell, four minutes away. the major averages, for the week, will close higher. the dow up two of the last three weeks while the s&p 500 and the nasdaq are up for their eighth week out of the last nine. so green on the screen for the week. it's been a wild week. but if part of the diversified investor crowd, are they kicking themselves for not getting in early to the nvidia and semiconductor trade? if you're part of that, the what ifs can be haunting. look at a this. the equal-weighted s&p index, a favorite among investors who focus on the broad market trade, is basically flat since the end of the first quarter. but fear not, our next guest says there are fears -- there are areas of the stellar opportunities in the market currently ignored and underappreciated. i want to hear these picks. our guest says still represent value right here, right now, cio dan eye. how do you get over the i missed the nvidia trade?

[laughter] >> hi, les. thanks for having me -- hi, liz. happy friday to to you. liz: you too. >> you know, i think you really just need to continue to focus on long-term fundamentals and just realize that you're not always a going to have, you know, the hottest stock in the portfolio. but, you know, as your lead-in mentioned, it really has been a much more difficult and challenging environment for investors that have had more balanced and diversified portfolios and haven't been over their skis in terms of the a.i. and semiconductor trade. so we really do need to see this rally, you know, broaden out from here. i wish i could put my finger on the catalyst that's going to do that, but we do think that it's a very large valuation began between nvidia a and everything else as well as some better participation and breadth across, you know, earnings growth among the different sectors and a little bit less interest rate volatility, you know, should help us out throughout the years as well.

liz: okay. so for the investor who missed the thrill ride of nvidia, what stocks are the ones that you feel are the picks? >> sure, sure. i've got a number of 'em for you here. first would be with deere & company. you know, we're really impressed, and our long-term thesis really revolves around deere, you know, revolutionizing the ag industry with technology and automation. the business is really, i'd say, normalizing after two fantastic years where they really had all the a stars aligned. you know, they benefited from high crop prices, they benefited from elevated farm incomes, they had a massive amount of pricing power. but, you know, analysts are pricing in about a 25, 26 decline in ep if s this year -- eps this year. it certainly is a cyclical business, there's no way around it, but we're pleased with how management is reacting and cutting production below demand. we think that'll help to clear the inventory glut by the fourth

quarter, early 2025. and i think the big thing here is that operating margins will stay elevated compared to prepandemic levels and also compared to the prior downturn or trough due to their technology, you know, advancements is and offerings. so investors really want to be stepping in and buying these high quality businesses like deere, you know, during these down cycles. liz: and you also like devon energy and alpha if bet. so you do have one tech stock. dan, it's great to have you. thank you so very much. all right, green on the screen. a lot of volatility in the if close but doesn't show up in the vix which is actually down 1%. we made it through triple witching. monday, mark laurie, finder of jet.com. sold it to walmart, now he's the group finder of wonder. he's going to -- founder of bond. that's going to do it for us, "kudlow" is next. ♪ ♪ larry: hello, folks.

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