point? >> oh, the problem is not the fed. the fed is trying to do whatever they can with a little things they can use, which are rates but the problem is the treasury. when the cbo projects a $2 trillion deficit, going with the environment they consider. with no recession -- charles: i got to wrap it up. you made the point. treasury you're right should get the blame. folks before it's too late, i want to talk about with our friend in europe. it was a economic power house and massive welfare obligations and too many regulations and high taxes and the stupidest stuff keeps going and denmark they're going to tax cows for having gas. think about that, liz. that's economic suicide right there. liz: okay.

i'm just going to go with the breaking news and head into the final lapse of the month and quarter of the first half and bulls and they're chasing each other's tails and the mixed emotionals and the dow industrial is down 203 points and crawl back through all of that and it's about the s&p down 2 and had been up 6. nasdaq and this is just as interesting and nasdaq was up 79 and up 26 and it had been down 30 and the russell 2000 has been the real laggard here and coming to the quarter and week, month, et cetera down about a third of a percent or seven points and inter-days and no means have either the bulls or bears dominated the session and since the opening bell, see the majors have wobbled back and forth across the flat line and all three are on pace to log gains for the month and year. however, you heard it here first, a lot could change in next 24 hours due to three upcoming events and less than an hour and a half, federal reserve

releasing bank stress tests and which grade how prepared big financials are and are not fed's favorite inflation gauge. surprises in any of these three could cause big market moves this was short and a couple of days and look at leadership right now. tech is back in the driver seat and key names breaking through to new records. three dow ken polcaris that list on the nasdaq and amazon and apple, both of those names having nice moves and amazon up 3.5%. apple up two and a third percent and zipping to the top of the industrials on favorable analyst

ken polcari tear and by the way, go down to microsoft, microsoft is up a fraction here but both amazon and microsoft are hitting all time highs. nvidia started a new industrial revolution to mass produce digital intelligence, not sexy enough to boost the stock today and it's down about 2.5%. shares of no. 2 biggest package delivery company are jumping and look at due date chart and biggest move at 14.5% after issuing a sunny 2025 profit forecast above wall street's targets and the markets overall may be hunting for direction, the 10-year yield is decidedly heading north and more than seven basis points and some

believe it's a live one and there's a possibility the fed could make a move on live rates and to the floor show, chief economist and market strategist peter schiff and andy brenner. you were the first a few weeks ago saying that july was a live meeting now. how is that possible? the markets are showing at least fed funds futures that there's a very slim chance we could see a rate move. >> still 10-1 it gets and things are starting to perk up and inflation is a little better and the economy continues to be weaker and weaker and we don't see a recession and we see a continuing economic problems. and as well as overseas and a

they're going green back and selling out of japanese entities and taking massive losses because opportunistic their treasury holdings and now they have currency profits to offset that. so the lower the end goes, the more selling we're seeing and i think that's what is affecting the 10-year and i don't think the 10-year is looking at the fed right now and the pce and good numbers of pce have already been built in and only surprise on friday is the negative surprise and also what we saw in the trend, a lot of warrants got sucked in and ctas who were short forever and flipped long and now i think they'll be stopped out. that's what i think is going on. >> the 10 year is maybe moving on the end and moving on the last 24 hours with canadian inflation and australia inflation. canada just cut rates by a

quarter of a percent. 25 basis points, june 5, and yesterday canada cops in with hotter than expected inflation and australia overnight hotter than expected inflation and is this a cautionary tale that the fed is cutting and cutting earlier? >> it's not cutting but stopped hiking too early and rates are much too low and the fed never actually moved rates into restrictive territory and that's just not true and credit continues to expand in the economy and look at federal deficit and household debt, and now i read that the u.s. government is soon going to be guaranteeing second mortgages and expansion of credit and highly inflationary and all the central banks that are cutting rates are doing in not really because they've won the war against inflation because flighting inflation has caused other financial problems and they're a greater concern for the central banks and i think the fed is going to fall victim

of the same concern to cut rates and they'll be fueling inflation fire. liz: yet, we're getting gdp, final read on first quarter gdp tomorrow and look at that number and it's probably going to be a little bit >> stock market is looking at ai-related stuff and they're taking it too high and we've said in the commentary the last couple of weeks and first half of july getting all the second half money and july is pretty good and august and september, two of the worst months of the 12 of the year and look for some kind of correction, it's got to be in august and september and probably more like september going the first week of october but coming out of the election, i can't predict what the elections is going to show but

at least you're removing uncertainty and could rally until the end of the year. >> you mentioned earlier they're going to be announcing the stress test on the bank and those stress tests are really just a joke because the fed never actually stresses or tests for the real stress, which is stagflation. they never look at a scenario where the economy goes into recession but interest rates and inflation rise instead of fall. they don't test that because i think they assume that's impossible, but i think the real reason they don't test it is because every bank would fail and that's really what is happening and going to put pressure on the fed. liz: almost as if the bank lobbyists are in their faces and don't make this an ugly one or the bar too high 6789 you're looking at big financials if we can pop those up, we've got goldman sacks down jp morgan, morgan stanley, citi, bank of america and moving in the red here. >> all of the banks and if they're forced to mark their enrealized losses and they'll be insolvent.

>> there's a completely bankrupt financial system. thanks to the fed and government and we don't it's on the verge of collapse and again, it's why the fed is going to have to allow inflation to run out of control and alternative is a worse financial crisis in 2008. >> who else if they mark to market would be out of business? the fed itself. 1.2, 1.3 trillion of losses. peter, your point doesn't make sense. if you believe the banks are in trouble, i don't disagree with that point, then the fed should be easing not tightening. you want to -- you need to keep your bank solvent. >> well, that's the point but in order to do that they have to unleash massive inflation. i think ultimately that's worse. wiping out the value of your savings to inflation is worse than having the banks lose your savings.

but politically the government is going to choose to save the banks it's going to lose the purchasing power and value of your bank deposits will collapse and the government will blame on greedy speculators and business on free market. if it did the right thing, it would be more obvious who the villanuevaen was. they're very good at trying to shift the blame for inflation to third parties. but that's going to happen. liz: what's the most important, we got to run but what's the most important wind of change we could see in the next 48 hours? gdp? bank stress test or is it pce? >> pce and don't lose sight of the fact that paul speaks twice in the next two weeks and a different view than everyone else. liz: peter, really quick. >> it's money supply and credit, which have grown dramatically and rising prices are merely a result inflation and they are

inflation and don't cause it and don't have them with one way to go and that's the way. liz: organic peanut butter back to $12. not happy. thank you for inspiring discussion. peter, an david: always a pleasure. the fight for a $15 per hour minimum wage triggering a rash of restaurant food closures by those unprepared to pay their hourly workers war but there is now another side to the story. raising kaines is doing the complete opposite of shutters stores. the famed louisiana chicken finger chain is opening dozens across the nation and yes, even in a high wage california and they're offering profit sharing, tuition reimbursement and more for workers and goes to aj explaining how he's doing it and fox business exclusive. can't miss that . other side of the coin on that

story. chili internationally all fast casual or fast food and top holding ins the adviser shares and ticker symbol eatz with a z and up 15% over the last two weeks and someone is making money. claman countdown is coming right back. ♪ everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients.

do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.

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: folks, woe told you at the top of the show, amazon topping $2 trillion in market cap on an inter-day basis for the very first time if it closes above that level. amazon would be the fifth u.s. company to reach the $2 trillion market cap milestone and amazon closed above the 1 trillion milestone on february 4 of 2020. today, they did come out with some news saying they're going to launch a discount section

with direct shipping from china. so the lower prices continue to draw in not just customers but shareholders. the hike to $20 an hour is force ago rash of quick service restaurants to shudder their doors or lay off employees in mass but one chain is cranking up the heat in the state and popular fried chicken joint is 95 locations in the state and opens 20 more this year and hourly wage hike and growth plans or employee benefits and canes offer profit sharing and reimbursement and $10,000 towards closing cost towards restaurant leaders buying their first home and breaking news today raising cane's officially opened its doors in the heart of tennessee's music city. the new flag ship location on broadway for those that have been there, you know that

stretch of road joining portfolio in new york city, miami beach and co-ceo and coo live from nashville in a fox business exclusive always two sides to the story and one side of the minimum wage story is two months after california implemented the new minimum wage of $20 an hour, rubio's coastal grill closed 48 or something like a third of their restaurants. but you're opening more. what makes you different? >> good to be here, liz. this business runs on razor thin margins so when you think of the minimum wage up by $5, that's quite high. there's no denying it. that said, if you have a great product, a great culture, if you're consistently taking care of your crew members for a long long time, it's about continuing on that path. we did have to take a small price increase just like all of the chains had to do, but we never compromised on the quality

of product, culture, crew members or customer stood by us. we're doing well, we're continuing on the growth path, we want to do great by the customers that expect a great meal from us and a smiling crew member and we're doing both today. liz: you're opening 100 new restaurants or that's the goal this year. one is in nashville, tennessee, the heart of music city. the interesting thing is this is the first fast casual restaurant or qsr, quick service restaurant on that road. they usually don't have those on that road. how did you manage to do this? this is going to be one of your flag ships and what kind of sales are you looking at? >> we don't know about flag ships but went for the opening and going back again and it's going to be very well received and we want to be every community bringing a part of the community fabric out of the community and every day possible

and it's a very unique location and historic building and we kept the facade as is and a beautiful restaurant inside and everybody there, they're in the music city and they're enjoying music and going on from bar to bar and when they want that quick meal, a fresh meal, so by a happy crew member and go back out to music city again, we're there for them. we'll see how the sales goes. liz: talk about what's making your crew members happy. you have a whole suite of offerings that are very financially helpful that most fast casual restaurants do not offer, and we're talking about something like, i guess at the core of everything that you do, you've got $10,000 toward closing costs for restaurant leaders buying their first home and you talk about that last year with us, and we were blown away by that. how much have you districted for

that program? districted for that program? >> 42 home buyers in the program and hope there's hundreds more and what make it is really happy is many, many of them are buying their first home and entire family are the first ones to do so. the one thing that you mentioned, the core of what we do is appreciation. appreciation for crew members that work very, very hard to serve our customers who spend their hard earned money with us so it's all the way around showing appreciation and for our crew members, it's eternally rewarding them and showing them opportunities and being apart of this journey. liz: let me interrupt you. tuition reimbursement and fully funded high school diploma program and free online learning and helping these employees better themselves and hopefully that works in your favor coming to employee retention and bringing back to what we said at the top of the show and had to raise your prices just a bit and at a time when mcdonalds is cutting prices and starbucks is

cutting prices and makes me wonder are you going to reverse that and ready to do that? >> i don't think so because we have always priced our product right. it was not about -- it is making a healthy margin and we can continue growing and providing opportunities for our crew members and our future leaders so we will never compromise on that. the folks that are cutting costs, i don't know where it's going to come from because restaurants are on razor-thin margin and we are -- we're not taking extra margins or anything with the price increase so we don't think so. we're not planning on discounting or anything like that . we've never done that in the history of our business. we just -- we are every day value of great fresh meal for a good price. liz: opening another 20 locations in california just as many are closing and interesting and we'll continue to follow it, aj. thank you. >> thank you so much. happy to be here. liz: general mills in search of

lucky charms at this hour and the food giant disappointed investigation torrs and what they said -- investors and what they said and why the stock is sitting soggy near the bottom of s&p 500 cereal bowl. while growing her fashion empire. rebecca minkov had to eat a lot of cereal for dinner and her parents said if she chose to build a clothing and accessory business instead of going to college, she had to do it without help of mom and dad. she did that and built it into most pop already handbag, clothing and accessory line and can be found all over the world. how did she make it through the cereal years and tough beginnings in new york city no less. rebecca reveal it is all in my newest everyone talks to liz pod kassandra. it's on apple, google, spotify, iheart radio or wherever you get your podcasts. claman countdown is coming right back. dow and nasdaq holding on to the green here. up a piece about 30 points each.

s&p down just 1 point. so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.

so tell me about your heart attack. our heart attack was... scary! never want to go through that again. but we could. with heart disease, you never know. so we made changes. green juice. yeah, not a fan. diet, exercise... statins helped. but our ldl-c (bad cholesterol)-it was stuck! stuck! just couldn't lower it enough. and high ldl-c meant a real risk of another attack. so i said, "let's ask our doctor about repatha." what can i say? listen to your heart. repatha plus a statin dramatically lowers ldl-c by 63%, and significantly drops the risk of having a heart attack. do not take repatha if you are allergic to it. repatha can cause serious allergic reactions. signs include trouble breathing or swallowing or swelling of the face.

most common side effects include runny nose, sore throat, common cold symptoms, flu or flu-like symptoms, back pain, high blood sugar, and redness, pain, or bruising at the injection site. we won't let another heart attack set us back. and neither should you. listen to your heart. lower your ldl-c and your risk with repatha. talk to your doctor.

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.

hi, i'm kevin and i've lost 152 pounds on golo. i decided to give golo a try. taking the release supplement i noticed a change within the first week and each month the weight just kept coming off. with golo you can keep the weight off. liz: fox business alert, the bears are having a feeding frenzy and it's all about general mills, which is having its worst day in more than a year falling to its lowest level since february after the consumer foods missed on sales estimates and also forecast annual profits below estimates.

the stock falling 4% right now, slightly off its session low but at $64.64 and general mills said customers are increasingly trading down as they search for cheaper alternatives and electric vehicle maker rivian getting electrified at this hour and shares accelerating by 20% and best inter-day percentage gain in history after volkswagen announced plans for $5 billion startup and analyst see it as a vote of confidence. fellow ev maker lucid counts saudi arabia sovereign fund as investor getting a boost interestingly enough and gaining 4.4% right now. shares of vista outdoors, look at those and shooting higher by nearly 9%er andier -- 9% and earlier getting a bid for shooting sports and outdoor

product and ways to bid for vista to $42 a share from 39.50 and stock at 36.80 and amounts to $3.2 billion offer and capital upping the ante after vista a $2 billion offer from czechoslovakia group and hitting the tape and according to tafanely report from roiters and bosh making home appliance maker whirlpool and going on terms of the deal and investors are loading up on whirlpool at this hour and shares surging 15.6%. that is the largest percentage increase since march of 2020. we know that appliances go in homes but what is the true state of home sales? the deadly trio of high prices, high mortgage rates and low inventory driving sales down double digits last month and we'll bring in ceo of one of the country's largest home builder

of the traffic and model homes across the nation. are home buyers still in a wait and see mode? taylor morrison ceo here in a fox business exclusive and they're among the holdings in the construction etf, itb gaining 22% over the last 52 weeks. we are coming right back. stay with us. ♪ did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com (vo) a law partner rediscovers her grandmother's artistry and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy,

a raymond james financial advisor gets to know you, your passions, and the way you enrich your community. that's life well planned. (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go.

if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year.

medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide. learn more about plan options and rates to fit your needs. now if you like this... greater freedom... you'll love that medicare supplement plans have no networks and no referrals needed... see any doctor. any specialist. anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs...

and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. every day, more dog people, and more vets are deciding it's time for a fresh approach to pet food.

they're quitting the kibble. and kicking the cans. and feeding their dogs dog food that's actually well, food. developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food. get 50% off your first box at thefarmersdog.com/realfood liz: the big show down between president joe biden is former president donald trump kicks off in less than 30 hours, but some georgia residents are already stating their opinion for their pick for president. a new poll from atlanta journal constitution, the city where the president and former president will bat it will out has trump with a slight lead over president biden in the state. 38% to 43%. independent contender robert f. kennedy jr., not yet on the

georgia ballot but expected to qualify at 9% and then another 8% are undecided and take it right there, fox business grady trimble is live on the ground. grady, what issues might the two butt heads on most fiercely tomorrow? >> all sorts o from the border to abortion and crime. maybe the important issue for voters is the economy and kind of highlighting that is the fact that both of the campaigns for trump and biden before the candidates are even here, they have allies of the president and former president who are meeting with small business owners, that just shows you how important the economy is going to be for both candidates and not only tomorrow night but look ahead to november. at the trump event, congressman byron donalds is there and black business owners and everyone in the room and the former

president took questions and bashed the economy under president biden and talked about how he cut taxes and regul regulations. >> it's killing biden and the country and no tax and let the people earn what they earn. and going for them so populous. .i the bipartisan infrastructure law and so-called inflation reduction act are creating jobs and senator john ossoff campaigning for biden said all the government spend asking spurring and the private investment. >> research, development and

manufacturing and come here to georgia and senator warnock and i partner with the president and vice president. reporter: still, as president biden is democrats point to his economic record, more than two-thirds of voters, 68% say the economy is in only fair or poor shape. those numbers if yuppies can believe it -- you can believe it, liz, are the highest since president biden took office. at least on this one particular issue as we look ahead to tomorrow night and beyond, former president trump certainly has the edge. we'll see what happens tomorrow right here in atlanta. liz: you'll be there. grady, thank you very much. watch the cnn presidential debate on the simulcast at 9:00 p.m. eastern. no matter what the candidates spar over. many voters are going to be very interested to tune in to see how the executive branch plans to deal with the back breaking cost of housing. new home sales in may plummeted

11.3% from the month prior to 619,000 units that missed expectations of 640,000 and april was upwardly revised by 64,000 and the big question remains and why are sales dropping. home buyers are dealing with a trio of head winds and the lack of inventory and rising home prices and stubbornly high interest rates and according to bank rate, 30-year fixed mortgage interest rate stands at 6.96%. still very close to 7% and what is it going to take to get home buyers back in the game for the buy n. joining us at fox business exclusive is the ceo of one of the nation's biggest home builders, taylor morrison chairman and ceo chair palmer. cheryl, is there a magic bullet that would get people back in there? picking one of the problem of head winds and what would it be if we can fix that? >> well, thank you, liz. pleasure to see you today.

there's a magic bullet and certainly interest rates and the noise and the volatility around interest rates is what's weighing on the consumer today and you just said, rates today are, you know, 6.97, fha a little lower than that and go back just a few weeks and we're in the mid 70s and go back to the #s and it's a lot of -- 8s and it's confident that rates have settled in and look at volatility with the spread of the 10-year treasury and 30-year rates and they're still at all time highs with the spread of 300 basis points and going back to rates have seen the high,

just that will drop 50 to 100 basis points. liz: i would think so. higher prices, which we have seen and measure by kay schiller, home price index. in april, prices jump something like 6.3% and i think that has much more to do with the inventory issue. that's where you guys of taylor morrison come in; correct? it's up 7.2%. sorry about that. >> i think what i saw was around 5% nationally in may for single family. you're right, that's very different in different parts of the country and what's quite interesting is when inventory is so tight, that moves prices up and so getting to kind of a more normalized steady state of inventory and i think it's quite good. the other component is looking

at difference between re resaled new, there's a pretty good premium and today is really, really tight and look at ability that we have at taylor morrison and help our consumers personalize to their needs on payment or help on the down payment, that's something that's much more difficult. the inventory on average is 40 years from aging standpoint and there's a number of factors there but you're right, we have the ability to help the consumer to their front door by helping personalize a mortgage program. liz: in your last quarter report, you talk about the metrics of your average buyer and their average fico score and credit score was 751 and they were putting down an average of

23%. household income $176,000. let me ask you to put on a different hat. there are people dying to buy a home that is less than 600,000. give me a sense of how the numbers are trending and this quarter are you as restrictive but seeing the same type of numbers or are people putting down more or less? >> you know, liz, it's a really good question. and looking at trends we reported in the first quarter earning ands traffic sales we haven't seen significant changes and talked about seasonality and i think certainly as we go into the summer months, we'd expect that. you're right, look at consumer by the third of businesses first time buyers and that's certainly where the consumer is having the most difficulty just from a care of affordability standpoint and look at generational differences and that's interesting and

there's a small law right in home ownership and that makes affordability and look at 55 and 55+ and going for them pretty good logistic and we're working to help because some of them need help on the monthly payments and some need help on the down payments. liz: true. >> they're stretched. there's no doubt about it. liz: what i'm hearing is the bottom line is interest rates have to come down. mortgage rates come down. sheryl, we'll continue to follow you and what taylor morrison is doing every step of the way and thank you for being here. >> thank you .x we just finished by saying it's a great time to buy and we're helping our consumers today. it's a wonderful time and we're

still underworked in this country and we'll work with more customers to build houses. thank you. liz: thank you so much, sheryl. billionaire john paul making bid for media giant paramount and thinks his offer put together by his buddy in the hollywood industry, steven paul could seal the deal and charlie gasparino is here next to weigh the hair care magnet chances. stay tuned. ♪ ♪ we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business.

make more of what's yours. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking...

clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. . .

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.

♪. >> i have to get an in depth look once we got control of the board here. i think we have a good shot taking that over. my feeling we have that done by august. fingers crossed, we have many great people. many investors home at austin just a few weeks ago are so excited too get this thing going. we have a solid team there. we i think we'll have great results. you will see cbs, paramounted just glow, all the content we'll put in. liz: where are you with the bid? has shari given the green light? >> i think shari wants us to take it, i think she does, my

personal message to me from stephen paul, she likes us because she knows we'll do good things with it. other people will break it up. we don't want to break it up. liz: billionaire john paul today i don't remember jaw, he and investor filmmaker stephen paul the save of paramount is not only still alive by kicking. entertainment blog the rap picking up the story. charlie, he would tell me they would not spin off cbs. >> the numbers don't make sense for him? liz: more than the skydance bid is what they mean. >> well, for her stake, that's the problem here. in order to take him serious you have to take seriously why skydance was doing a dance with redbird, with paramount's common shareholders, with mario gabelli. the bottom line is this, by the way i spent the weekend reading paramount's balance sheet. it is not for the faint of heart. they have had some increases in

advertising only because there was super bowl last year. if you take that out of it, normalize it, it is not doing great. streaming is not doing well. films are not doing well. this is a company in deep, deep problems. it has $14 billion of debt. it has another 12.4, $1.3 billion in unfunded pension liability that keeps getting glossed over and it has declining revenues. what this guy is doing, simply saying she gives me her stake and i inherit, i inherit the melting ice cube. that is all he is saying. here is where it really doesn't make sense. she might get paid more for it, but the reason why skydance how much they paid her bass for a lot of reasons including it opened themselves up to lawsuits enriching her but not the common shareholders. remember, she doesn't own the common stock. she owns the controlling stock in the holding company which controls the company. so common shareholders get

screwed in that scenario or don't get any money, unless you do what skydance did and what skydance was doing, saying here's the debt load. it is 14 billion plus 1.5 or 1.4. it is a lot of debt. liz: market cap is 6 billion. >> here is your market cap. here is the only way we can handle a company like that. it is not just simply throwing her a lot of money. i don't take what he is saying seriously. listen, i'm sure he is a very nice man, a smart guy, billionaire, made a lot of money selling hair products. >> out of his car. >> out of his car. i know a lot of people went from there to there. it is not common but not uncommon. this is another ballgame. i don't think he is being realistic. i think he is blowing smoke. again in order to do this deal you have to take care of common shareholders. does he have enough money to do that? no. >> this investment group has a lot of people in it, he is one of few that has been outed came on the show.

>> but they're only paying off shari's stake, and that's what gets people in trouble every time. she may like it because she gets paid more money, but that doesn't mean she won't get sued. remember one of the things she didn't like about the ellison bid, they didn't totally indemnify her. liz: which i mentioned. >> they told me, they more than indemnified her. she wanted 3,000% indemnification. they were mostly there. the other thing, she wanted common shareholders to have a say in the deal. guess what? they don't have a say in this deal, you know that? liz: yes. >> they don't have a say in anything. some of the stuff she says literally didn't pass the smell test. it's weird. liz: is there any other group out there, and why not the group that was pairing with sony to actually by the whole shooting much for 26 billion? >> two problems with that. sony is majority owned, is owned by the japanese. liz: say they spun off cbs? >> i don't think that is the

issue. i think it is japanese ownership of a major media company. the other thing is, and she knows, if you think ellison nickel-and-dimed her, you got to see what apollo will do to her. they are brutal and they're just going to take $16 billion, $16 billion in debt to throw her money? never happen. mark rowan will never do that. the best deal is skydance and people at skydance still think she will come back at some point. by the way the market is saying that as well. liz: we shall watch. charlie, thank you very much. closing bell we are four minutes away. nasdaq big winner on session, second straight day of gains of the we have half a percent gain for the nasdaq. s&p is trying for a two-day win streak, up 11 points. the dow gaining just a fraction now, looking for the 67th -- sixth session of gains over the last seven. big earnings report after the

close, quart i recallly results from micron. shares were dipped in the red, back in the green, up 1% ahead of the report. wall street is expecting american chip manufacturer reporting a eps of 51 cents a share on revenue of $6.67 billion. we know that american ship companies led by nvidia have been dominating the space now. our "countdown" closer says you know what? we're overdue for a period of non-u.s. stock leadership but he loves the chip-makers and chip-related makers. so why not get into an etf has foreign names of those types of companies in its basket? seven billion in asthes under management, pitcairn chief global strategist, rick pit parent is the guy right here. what is in the etf that you like, that you say is related but gives you a sense of getting ahead of a european or at least an asian move in some of these names? >> hi, liz, how are you doing? good to be back. and we just really think the a.i. boom has been really

something in the states. it is concentrated very much the top of our market. if we get exposed to some of these companies on a little cheaper basis, it may take a while for that to come around. we had a heck of a momentum run here. the market is doing great. we believe in keeping diversity in the portfolio over time. at some point this will not look as good. we want that diversity in the portfolio. it is the the acwx, etf. >> yes. liz: two of the names,asml is chart of this, huge dutch chip maker in the net they are lands -- netherlands. >> they have a good runway ahead of them. it is much the basket as much as the individual names. we're trying to figure out a way to play those themes, but not chasing momentum at the tippy-top of this market. looking at 10 stocks at top of this market, it has been a incredible run with nvidia at top of it. the fact of the matter, look at

nvidia's biggest clients? who are they? other nine names, google, microsoft, apple. there is connection there. we're trying to spread out from that a little bit so we're not so concentrated through the rest of the year. liz: speaking of nvidia, just turned positive. i don't know if we pick up a intraday picture of nvidia. it was lagging down 1.2%. even as the company had its big annual shareholder meeting. now it has just turned positive by a fraction. it shows that there is real resiliency in some of these names. let's completely shift the narrative to another area that you like, that is gold, why? >> we like gold for quite a while. i was on the show in october when it was much lower, thinking this is a place we ought to be. i wouldn't be too surprised if we didn't have a little bit of a pause. it has had such a move since october. you know our fiscal policy is extreme. around the world central banks are taking extreme policies. i believe gold, maybe bitcoin,

in a more risky way, are ways to have anti-fiat currency currency in your portfolio so you're protected against some of those actions. liz: fiscal and monetary are different. central bankers are monetary. >> correct. liz: fiscal is what the government spends. that said we have the debate tomorrow night own cnn which will simulcast here on fox news. what are you expecting to hear that might change anything? >> i think what will surprise the market is a really poor performance by one of the two of them. liz: i see. >> right now you have a pretty tight race, right? i think if you had the bad performance of one of them, friday last day of the quarter. ♪ h. [closing bell rings] >> you will see that in the last day of trading. liz: we have a win for the dow, s&p, nasdaq on kind of a directionlesda we will see you tomorrow. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. joe d