drug use and cigarettes is a major factor some people dying early the should be considered a medical expense. i'm not sure why insurance companies are getting a free pass from the biden administration although i am a little cynical. top recipients of insurance money, donation money from 1990 -- 2024 and at the top of the list is joe biden. these miracle drugs are wonderful for most, some side effects of most part i've seen people get amazing results and i hope that one time everyone in america has access that he sent but miracle drugs, computer chips, all of that comes out of this country for the most part because of pre-device and profit motivation. let's not be companies up for making money. that's why the drug exists in the first place. >> yeah i said that to my dad once, he was a surgeon and he said liz, trust me.

making a lot of money, prices have to come down. why is canada paying less? wire first world nations paying less? >> why does germany have one third homeownership we have. there's a reason, checks and balances. we could have free drugs and many companies produce in the top 100 innovative countries in the world? canada has zero. germany has zero. take free stuff but they are not innovating. there wouldn't be a miracle drug to begin with if we went the way of europe, they wouldn't exist to begin with, there wouldn't be an ai chip because europe gives everything away, the taken away profit motivation. people don't do stuff for free they do not but tell that to the grandmother and idaho who cannot afford drugs and breaking the hills, there's got to be some middle ground that i get. a nation of innovation. >> you and i will figure it out. >> i agree. [laughter]

>> we kick off the final hour of trade, the dow has fought its way into the green down about 83 points right now. ninety, s&p needs 12 points. it's there, a 22 points but if the nasdaq can hold onto even just one of this 126 game, due to the closing bell. the 22nd record of the year tesla is doing the trunk of the heavy lifting across the broader market. 8% gain right now eight .8% and charles is on. now up 9%. huizinga to the top of the nasdaq and s&p, the stock hitting more than six month high after reporting 443,091,506 cars delivered in the second quarter. while that's 4.8% drop from a year ago and china sales plummeted 24% the number is still better than expected 438,019 vehicles.

we are only two days in, june 11. go back then, the stock was at $170 over the past two days that's gained 15.7% and stands at $228 and change. we should look at paramount, earlier it came off and now it's going back up into this chart you can see, up 5% of the mo moment. according to fact eva, paramount is one of the most mentioned companies in the u.s. across all news platforms. the new york times reported billing or barry diller who back in the 1990s attempted to pay paramount pictures but outbid by which stone is the latest to explore to take paramount global over. currently chairman and back in the 70s he ran paramount pictures. as a paramount plays out, the

bond market has been glued to its own soap opera playing out in the tenure field. look at this, you see the debate around 9:40 a.m. eastern write about reserve chair jay powell had the floor at the european central bank's annual form of all things, central thinking. the yield closed yesterday 4.47% but does to 4.41% as powell said he needs to see more repeats of the latest 2.6 consumer inflation print. >> it represents significant progress, peak debt 4.4% in the same thing in headline. 7.1 to 2.6 so it made a lot of progress. we want to understand the levels we are seeing are true reading on what is happening with underlying inflation and we are well aware if we go to soon and we can undo the good work we've done and bring it down if we go to late we could undermine the

recovery and expansion so we have risks more than a year ago. >> one of the risks, the labor world. that picture here, here's my buddies june job report takes on added importance. expectation for the economy at 195,000 jobs last month, powell said today one of the biggest risks is if the jobs picture begins to crumble what we need to make of all this. joining me now chief strategist, trading academy scott bauer. you are a great study, the volatility index. nothing powell said today triggered fear. you're looking at this, it is below 12 showing column as a cucumber so why does he feel he's got to wait to see the jobs picture start to crumble before he cuts?

>> east hasn't said anything different from the last month, six weeks or so. he still has the hawkish bias but he did sound a little more maybe easing today. a little bit more what he is accepting of some of the inflation data that he's pounding the table on the jobs number. you're talking about the tenure we've seen it moving but you were talking about the tenure and i go back to frederick when we got the report, the tenure plummeted right away almost down about four and a quarter and gradually rose up again yesterday almost hitting 450 and it's backed off on his comments all the while the cmd that watch tool up-to-the-minute tool that gives us the probabilities of whether the fed will cut or not,

september moved a notch. friday morning 65% of ability and now 77% probability and there will be a cut so the market is telling you they anticipate a cut and that's probably one reason we are seeing this right now. >> super low, try 11.86. the exact level that if we close there, it will be the lowest since november 172019. why is there no demand for portfolio protection? that's what you say it is, it's not a fair index, is an index of people get nervous and building portfolio protection. it doesn't seem to happen. >> it's not because right now who's been on this relentless rise and no demand for hedging. you're right, it's not a fear gauge, it lacked is it's not a fear gauge but plays one on tv but it's really not, a measure

of what they think the volatility will be and we haven't. i've used this analogy, is an options market maker, selling umbrellas within a drought, nobody wants that. that's why i look at it is a measure of when institutions by. they don't want, they don't feel they need it. >> considering what you're out is because they go straight up as they have been six tends to overweight near-term even though it's 30 days so a short week, holiday week, there is fireworks that could happen friday morning but i think the market is looking through that. looking through the fact that running seasons starting this month and in theory that should be covered by the 30 day vix and it's not weakening markets, or using underpinning of that x.

>> not really, there is downside hedging in the s&p, but especially in the s&p going out to september so that's what i'm seeing but going back to vix, where the hedging is coming in or at least where the pressure is and i totally agree with steve, it's not there currently but look at the vix teachers curve going out to october, the last expiration before the election, we see a significant rise where fixed futures are 17 and a half, owing out to october. that didn't change after the debate last week which tells me the market maybe doesn't care is going to be in office because they are considering the risk the same. >> donald trump was in four years, joe biden and for nearly four years in the markets hit record after record on the. let's assume the market is correct.

let's say the market is right and we don't see a lot of problems between now and perhaps october, what do you recommend x. >> momentum has been your friend so my feeling is stick with what's working, i know that's a lazy strategy but right now it's videos, not one of the ones working in the magnificent stocks are working. >> amazon hitting record, apple hitting a record right now. >> this is why the hedge comes into play because if you're going blind that's where you want to make sure of a parachute against these momentum based moves. >> if i don't see you, have a lovely fourth of july. we have so much work to do between now and then. thank you. here we go. lesions wall street economists predicting sessions still waiting for that to materialize.

while money -- fretting over looking black swan also be perhaps a waste of energy? the chairman of one of the nations top commercial real estate firms is here to tell us if an awesome office building real state shock is about to sing this song. everybody is predicting it and haven't seen it. a brand-new report that may surprise you. next in foxbusiness solution. the top ticker b and q. down just about 4% since the regional bank crisis hit early march of 2023 on beers. commercial real estate loans. it is down but hasn't imploded. claman countdown is coming right back. dow is not imploding at all, of 95-point

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do it all on the network made for streaming, and bring on the good stuff. foxbusiness alert, a question, are all cassandra's calling for commercial real estate prices sounding more like chicken little's at this hour? one year ago wall street was worried the u.s. economy would interposition in triggered by something a year ago march, the sky would fall in the commercial real estate sector after the regional banking crisis. here we are a year end a half later in the economy has not yet entered a recession. the job market is still strong in the real estate giant says demand for office space is on the rise. it's not dying on the line. live in a foxbusiness exclusive, bruce mosley. my first inclination is to say you are lying. [laughter] but i looked at some of the

stats and while the world is still addressing hybrid work, that is a fact. 30% of class a buildings have no vacancy according to your re report? >> let me be clear we have lower vacancy in new development property, substantially lower than class a or b or c, it's about 14.3%. the market is profound. demand is saying companies want to be in assets that are monetized, sitting on top transportation and are in live work plan environments, that's what this employer wants to do for their employees and buildings that are providing that are out performing in terms of performance so we see this marketplace overall one of the common, of this year in manhattan this time last year

vix .7 million where feet of demand and now 9 billion through may. we expect that to continue to the balance of the year. the market is improving and one other comment that i think speaks well of gateway cities like manhattan, tourism is up we expect 60-point way up to 61 million last year, things were improving. however, it was this year 2024 something like 900 plus billing dollars worth of commercial real estate mortgages were supposed to come due and that would be of the 4.7 trillion that is outstanding that are held by lenders and we are expecting them to reset much higher interest rates and there in lies the call for collapse. are we out of the woods? >> i don't think we can say we are out of the woods but i think we are seeing lenders extend loans to put the ability of capital and.

we are seeing and expect by the way, to see east of 25 production and interest rates hopefully in september. there is new capital on the sidelines, record levels of capital waiting but they need pricing discovery and need normalization of interest rates. when that happens, i think we'll see fresh capital move, 400 billing out there, 250 billion in the u.s. we are a safe haven. we are going to move through this. >> we have this cute little effect of persistent inflation and relatively high mortgage rates and that would mean high lending rates as well because the federal reserve you heard jay powell today saying two-point vix% inflation is nice, we need to get down to 2% and see extended stretching out lower numbers so the major banks past the fed stress tests and those tests hypothetically went

along and said we have enough capital on our books to survive a 40% implosion of commercial real estate? they miraculously passed. that seems a little strange and i don't know how that can be. do you think thanks should add way more capital to their books just in case? >> first of all, i would leave it to the bankers to decide what capitalization they should have but -- >> we know what happened -- >> but this is very different than eight and nine with the systemic failure. i don't see that on the horizon. we know how to operate higher interest rates, but we need is discovering. pricing discovery and stability. we can operate, there is fresh capital that wants to move. i think we need to the reduction in interest rates the probably is on the horizon and we will see fresh capital move.

>> conversions, commercial office buildings into condos, various a horrific, and many large cities that are affo affordable. do you have any of those, tell me -- >> we are not principal players, we are service companies and advise those folks that are looking and we are seeing it. the city identified roughly 64 but it's going by the day. they have said they are going to provide abatements, they've cleared the path in the way of zoning changes necessary. downtown we are seeing properties that have or are in the process of converting, the plates are smaller and you lose less of the conversion. cost of capital is a factor but i think abatements and other things are pushing people, you are right. we need affordable housing and i think we will get it. my prediction is somewhere

between ten, 20, north of 20 million converted. >> nationwide sumac new york city. >> not san francisco. >> gateway cities are seeing the same trends new york is in many cases like quality, that's where employees want to be. lesser properties that are bnc and not close to transportation will suffer but on transportation, class a invested in with amenities, that's where the action is going to be. >> we will watch your action. happy fourth of july. you are on the board of intrepi? you have to visit right on the river. >> please ev revolution may be hitting potholes but the driving future is being paved on one 3-mile stretch of highway in michigan.

we are going to take you live to the wolverine state to look at the very first smart highway. fedex, general motors, tesla, ford for the top holdings in the transportation etf. many of them are dabbling in big trucks that are driven autonomously. up 3% year to date, we are coming right back. don't go away. ♪

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of got an unmanned vehicle that was taking off for me. >> caught no handed. there is no driver. you lateral body can put a shot of phoenix, arizona showing just how normal the previously abnormal is becoming. this video shows a phoenix police officer pulling over google's driverless taxi service for driving into the oncoming traffic lane. the cars failure was due to inconsistent construction signage. now they are equipped to stop for emergency responders and include a system in the car so an officer can speak directly to an operator at another location and discuss traffic violation but whether you fear this or not, bruce bosler was just telling me that's so scary, quarter there you. off, driverless tech is here to stay and they are no longer in the distant future. that's why michigan unveiled a g

its way a lot more years) the highway in van buren without michigan and other states are gearing up for smart car revolution. >> which is standard the road here, i know you like to drive to work. imagine if you could be completely hands-free, you don't just listen to music or podcast to make it enjoyable, you could read the paper, netflix and maybe watch foxbusiness. >> congestion, traffic, delays. could all three things the is thing of the past? >> the jetsons. >> that's what tyler dufault would have told you when was a transportation official but now he says autonomous vehicles could make driverless discipline. >> the next ten years he will probably have 20 to 20% of the

vehicles sold with this capability met the ceo of kevin, a company piloting the world first smart highway in michigan. the project paid stretches 3 miles and i think detroit to ann arbor michigan using polls in the median outfitted with radar sensors and wireless radio equipment. eventually the company will be able to communicate with every car along the entire corridor. >> talking to the cars and cars will be talking to each other. we can use technology to allow vehicles to operate more efficiently. >> essentially acts like a router connecting to car creating a network of information. what one sees can be instantly indicated to cars behind them by giving vehicles a sense of what lies ahead, all drivers are safer. >> can tell when hazards are in the airspace if other planes need to adapt.

>> like i said, all drivers so it doesn't matter whether you're in a smart car or tv, any car whether from 19842024 will be better served with this updated smart infrastructure. >> wasn't 5g supposed to do this where cars could talk to each other? this is really fascinating but will it pull off new jersey turnpike if i need a mcdonald's hamburger by accident? [laughter] >> they would like to make it happen. imagine if you could happen on the i 94, i could drive all the way to maintain a like a 22 hour drive hands off the wheel enjoying myself. >> whether you. or not, thank you. foxbusiness alert, investors caribbean gaining seven and three quarters of percent after second quarter deliveries that beat expectations and rose 9% year-over-year.

13790 vehicles topic 11510. an absolutely great week, two days. i know it's only two days but stock has been consistently moving higher. one and three quarters%, eli lily down 1% after president biden put out an op-ed in usa today saying the prescription drug makers must cut prices on the way place diabetes drugs. according to the website, 2 milligrams package cost $935. the u.s. and while it's listed at $1349 a package meanwhile eli lily's pajaro $1100 a month. simply in the last hour the fda approved eli lily alzheimer's drug for u.s. and it will be sold under the brand name

consumer for adults for old-timers disease us. this is very important development here and i'm sure there are a lot of people who have family members with old-timers who will be watching this closely. archer aviation gaining altitude right now, automakers said it will invest an additional $55 million into the electric vertical takeoff and landing taxi maker. archer's midnight aircraft completed transition flight last month. previously made an open market purchase 8.3 million. the shareholder of the maker. crowd strike following. one and a half%, not too bad after the cybersecurity natural from overweight off the floor from the earlier part of the session. why is piper doing this? hi evaluation and no near-term

catalyst on the horizon. crowd strike 380 vix dollars and 20 vix cents. they claim is down $10000 since his recent high at the same time bitcoin etf suddenly seeing pretty significant implodes. top investor anthony is here next on the class of fearless by on the dip investors. we closer to the next big thing in crypto? will ask. you could not watch a business or pay for cooking or crypto but ready to do the next best thing, max out his credit cards to launch is now wildly popular insomnia cookie chain. a test kitchen that launched cookie empire with more than 265 stores today. he shared how he turned it into

a lot of dough in my brand-new episode of everyone talks to liz podcast. so if you are planning in the car with the family for the holiday, download iheartradio or wherever you get your podcast. everybody will love it. the claman countdown will come right back. b ♪ro

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foxbusiness alert, bitcoin fallen going bts hit the high list and month. right now bitcoin hovering just around 62000. july 1129 and a half million dollars of inflows, fidelity origin, but the most of it, 65 billion followed by they claim -- 41 million in the ark 21 shares bitcoin with 13 million. all three pdfs are trading lower because they move in conjunction

with the price. bitcoin, since as easy approved bitcoin etf on january 10, to total, 14 and a half billion according to crypto. with hopes rising, the sec close to approving spot crypto exchange gemini expects either etf could see up to 5 billion in the same period. sometime over the course of the summer, here what the timeline investor anthony pump leona here in a foxbusiness exclusive. i think it's significant because the price has fallen, we have a significant envelope for the bitcoin etf. is this a gutsy or are aware crowd that says i want to participate in crypto currency? >> retail investors and

institutions have realized bitcoin as an asset and worth a lot more, five or ten years and it is today and therefore when there are dips they look at them as buying opportunities. if you think of great investors, they understand what they own and when the assets go down, they buy more so is the people who question the price moves against me and should i buy for? they may not understand what they own so was interesting as we go back the last couple of bear market cycles we used to see a lot of 30% drawdowns in 2017, vix. in the last cycle a couple of 25% drawdowns. now what we are starting to see is 15% so the volatility is being dampened and persistent inflow from etf's which historically was not there so it is a great bitcoin going into the end of the year. >> i think a lot of people and bitcoin might not understand it. they don't understand what causes it to move because

sometimes if the stock market is falling, bitcoin is a stock market is falling and bitcoin is down. can you give any insight on this? >> nobody cares about the price. ice is the marketing for bitcoin. there is no centralized team, no board of directors or marketing budget so usually when the price goes up everyone talks about it and media covers it and people say it went up, maybe it will go up more and buy some. most people i know shut up initially because they wanted to make money and buy it and have a go up for. as they hold the asset, it is volatile. what is this thing that i hold? and puts them on a learning journey so what ends up happening is you go from illiterate that price appreciation to someone who appreciates things like money principles and turns you into a long-term holder so you look on chain you can see majority of people who hold bitcoin are not selling it when it goes down in price or when it goes up but

people are showing up initially because i think i can biden goes up to x and i will sell it. over time they have to educate the individuals with retail or institutions to become long-term holders. >> michael dell put out between, a whole into the pool he asked what is the most important thing to you in your life? is it going, ai, love and relationships or none of the above? 42% said bitcoin. clearly a lot of bitcoin. you got michael dell as a multibillionaire and people who are regular folks buying crypto. the sec said the summer we have a second choice. when you expect that to happen? >> sometime this summer, july or

august. there's more rumors sooner than later so the next couple weeks potentially but i do think either has a problem bitcoin doesn't have, the larger asset 1.2 trillion. either about 400 billion so size component how much money institutions can broaden but the bigger problem i think is the story. if i go on the street and ask somebody what is bitcoin? a lot of people will say it's value, you put it there and allow protection against the currency. i asked the same people what is the theory of what is a convoluted complex stories of people will tell you the world computer and some in app store. all kinds of stories so the story isn't as clear and one thing we've seen over the years, look into the public markets if you are a single company with a single product serving a single market, it's clear what to do but if you look at things like

conglomerates, a lot of times because what is this thing? too many moving pieces, they t try. >> they spin off parts of it. what is the high and of the range you see bitcoin at for the rest of the year? >> i think we will get all-time highs before the end of the y year. i think bitcoin community should understand we have institutions had etf's, volatility will be dampened so it may not go up as high or fast as you want but the asset will continue to perform because they will not stop. >> so higher than 73000. >> i think so. >> good to see you. thank you for your service everyday not just the this upcoming holiday. tractor supply turn on policies. charlie gasparino says they are not the only agent retailers scaling back on pei. some of the names added to the list on lehman countdown.

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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre.

we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. liz: retailer target is one of handful of major brands cutting back on woke marketing following customer backlash. target starting with the pride month does plays which it cut

back about -- displays cut back 50% this year. charlie gasparino. >> there is a name for what target did, what budweiser did, what disney had done in some of its programing, what block rack blackrock did with esg this is all under the rubric of the woke business practices. >> they're scaling back. >> everybody is scaling back. what i figured, we covered blackrock, we covered disney to some respect and we obviously covered budweiser. i wanted to do a postmortem with target in its 2024 pride celebration. pride month is in june. they did that in 2023 with a backlash. basically the backlash. i address this in my book go woke, go broke.

the background, roots of it all, epidemiology if you will. parents were concerned that you were mixing pride displays and pride clothing and pride merchandise with, for adults with that for kids and they quite simply thought it was grooming. it was building for years. last year it blew up. brian cornell the ceo of target did something different this year. he tried to figure out, how do we thread the need definitely we have at postmortem. a little bit of sourcing. collage group is a market canning firm deals directly with target and every major brand and they came up with some interesting stats for us. you know, the collage group, so you know is apolitical. they tell people about the numbers and david evans is a guy there i know. he is really smart. he knows this stuff inside and out. he basically said this is how target tried to thread the needle to target its audience. they looked where exactly was

the pride stuff not selling? and where was it selling? and what they did was, they basically, if they're going to sell it and we still don't have good stats how much of this mid-was sold and whether the tuck friendly bathing suits were really put in with the rainbow colored onesies which was a big problem for parents. liz: that was a problem. >> one problem. they basically eliminated pride montheth clothing from 50% of its stories. besides the backlash, it wasn't selling. that is one of the takeaways. the other takeaway of this thing, they're trying to again, figure out how do you, do you engage in in this type of marketing. there is a market for pride clothing. let's be clear. liz: sure. >> there is demographics that want to virtue signal when they shop. liz: that is loaded comment. >> it is absolutely true. liz: virtue signal? maybe they want to support

certain groups. >> no. it is virtue signal. when i buy a toothbrush i would like to do so with a political messaging. there are people that want to do that. that's where some of this stuff comes in. and it's not my term. it is what it is. and so, if you want to sell to those folks that is called target marketing, you have to figure out how do you sell to those folks and not -- liz: upset. >> upset everybody, like 90% of your customers? and because there is a very targeted, to use the term marketing for woke, for woke product and woke, i guess marketing. they don't know if they did it. the numbers aren't totally in yet. by the way earnings come out next week. we'll get more on that. liz: right. >> from what i understand from david evans at the collage group, every major brand and marketing department is watching the target situation. figure out the headline numbers are in.

cut back dramatically. 50% of all stores, eliminated totally in many stores. >> i was just in a target about a week ago. i saw the pride display. it was in the adult clothing section. >> that's good. >> it was there, it was cute, it was fine. nobody was flipping out of their minds, maybe as you say in the right location. >> and did they mickeyeds stuff -- liz: not at all. >> last time they were literally, i talk about in my book, there were books involving transgender children, say what you want, it annoys a lot of people. there were other stuff involving kids mixed together with the tuck friendly bathing suits. that you can tell how i say it. so, i think based on what i'm hearing, that stuff has been managed and, by the way adults can do what they want. this gets crazy when you deal with kids. that is where a lot of these marketers are going to. liz: charlie also, thank you very much. >> okay. liz: we have four minutes to go

before the closing bell with the nasdaq looking to notch its 22nd record of the year. same with the s&p, the s&p is up 30 points t needs just 12, must be up 12 to notch another record. so looking very strong for the markets. the dow up 153. the russell even in the green up three points. overseas china stock index closing slightly lower today after bouncing off a four-month low yesterday thanks to june factory activity beating expectations. in late january our next guest said china has growth potential. he was buying with both hands elbow deep. since that time, etfs that track chinese equities gained i-shares china up 19 1/2%. i-shares, msci fund up 13.9%. not bad. so could they have more room to run? joining me now nfj ceo john mowery once again. it was a pretty decent call

although you could argue it matched the s&p so far in many cases maybe a little bit light on the nasdaq but do you still like chinese equities at this moment? >> good to see you, liz. we think the emerging markets are particularly attractive. one of the main catalysts is the strong dollar which is associated with the interest right cycle but if i could pivot briefly, i think one of the bigger themes out there today the fact that the value indexes are now trading at cheaper valuations relative to the s&p 500 than they were in march of 2000. i think this has been talked about but not really getting enough press. i will give you a statistic around this which i think is very helpful. if you look at the, what happened in q2, the 1,000 value lagged the s&p by over 10%. this morning i was like how 78 times has that happened? it has only happened six other times. every instance out three and five years you've seen hit rates in the 90s, 100%s of value

over growth. so i think the 2000 inflection.is something people should be thinking about. you have the longest yield curve inversion in history. you've got a strong dollar, okay? international equities have underperformed relative to u.s. equities, and you have large caps over small caps. you have this massive disparity between valuations in the value sector versus the growth sector. liz: i will get back to the fact that you pivoted really fast after my china question. there are tariffs coming. i still need to know if people should be aware of chinese stocks but to the value issue, how is the best way for investors to play this if this is the metric you see really means something about helping a portfolio? >> i think investors are very overweight growth because of long duration assets doing well. liz: yeah. look at technology. >> there is no question. if you look at reits, banks, utilities and china, this is all tied to interest rates, liz. that is where i think the opportunity is for investors and

i think those assets will do well as the yield curve uninverts, as the fed lowers rates. the same thing happened in 2000s. they raised rates in 2000 and then they cut. liz: we're bumping up against the closing bell, if tariffs come for chinese goods to either biden or trump do you still like chinese stocks, yes or no. >> yes we do. if you look under the trump administration chinese stocks did very well. they're too cheap to ignore. liz: john good to he sue new york stock exchange thank you, liz. good to see you. liz: the closing bell, the s&p, yes they clock brand new record highs. [closing bell rings] big moves for both of those indexes. rest of broader market closing in the green. tomorrow a shortened trading day but fox business is open for business. tune in. "kudlow" is next. ♪. >>