you know? j.d. vance gave a speech about an hour after i spoke there, and he talked about similar things. helping the kids in our nation. those folks who are just, who just don't have the advantages and they are all over the place and not one particular color, not one particular race, religion, but they do have one thing in common, right? they are all americans. they are all our children and so i just, you know, make a plea for everyone that we all do what we can to go out there and to make sure we can help the children whenever we can and by the way you don't have to know them. just go out and help those that you think may need some help and with that, we'll have a thing, i'll ask you if you want to make a donation to the club as well. in the meantime this market may need some help here, in a minute, liz claman, it's not looking as strong as it was about a week ago. liz: well and yesterday, the dow was sort of that one place where people could find refuge and right now, it has endured a 600 point swing from peak-to-trough. charles thank you very much. breaking news, no rotation today

from large-to-small cap as we kickoff the final hour of trade. in fact investors are diving for cover and are not picking the russel 2000 via percentages the russel is getting hit the hardest down about 1.9% at the moment and as you look for the week though it is still looking at 7% gains, but listen. since 7/11 the russel had soared 73 points as investors began moving out of mega tech and into the small and mid-size companies, not happening at this hour, and they aren't sheltering in the dow jones industrials after three days of gains equaling nearly 1,200 points the blue chips did spike. you can see on the intraday chart at the open to an intraday record but promptly reversed and right now, down 462 points. flip it over to the s&p and if you add the point loss that the s&p is seeing right now, a 43 points to the 78 point route yesterday, the s&p has wiped out its gains for the week, and after yesterday's face plant,

the nasdaq is suffering more bruises. we've got the nasdaq down three-quarters of a percent or 143 points. that failure to bounce back from yesterday's 512 point slashing has wall street's nerves frayed and you can see that in the vix right now. the fear index at the moment is jumping 10%, just a second ago it was up 11%, so a lot of nervousness here in the markets. this level 15.93 is at least the highest since april 30. it just touched 16 a few minutes ago. its been a while since we've seen that. this week alone, we have the fear index jumping 27%, which is kind of odd especially today because this morning when weekly jobless claims came in hotter-than-expected to an 11-month high, and then continuing claims spiked to a two and a half year high, a weakening job market bolsters the odds that the fed would cut interest rates in september. this is something both wall street and main street want, but

with headlines breaking about both the biden and trump presidential runs, the bulls are not taking chances so let's get to the floor show. joining me now blackrock chief investment and portfolio strategist gargy chattery. does it fascinate or concern you at all that we're not seeing a flight to the small or mid-caps? it's just straight out we're getting out and in fact the yields on the treasuries are moving higher. >> it does not scare me at all. i think as i'm looking at the moves in the small-caps especially today, i think we're seeing what is driven by fundamentals and what i'll say i mean by that is yes, of course we are going to see some rate cuts and obviously, the last couple of days, the small-caps did rally as a result of that, but earnings growth in small caps haven't really resulted yet. we haven't seen that earnings growth, especially when you compare small caps to their large cap or their quality counterparts. on top of that, when you look at the debt that is held by many of

these small cap companies and much of that as you know is floating rate debt and even when the rate cuts start, it's going to take a little bit of transmission time for that to come through, so i'm not at all concerned by the price action. i think pullbacks are healthy in markets and i think market participants should still continue to focus on large cap and more quality parts of the market. liz: okay so you're not saying that investors should recalibrate their portfolios from these large cap names to smaller and mid-cap? why not? >> no. because as of right now, there are a couple of things that we would need to see to believe that this is a more sustained move in small caps. we haven't seen that so what do we need to see for the sustained rally in small caps? we need to see the inflationary process. i would argue we're beginning to see that so that's happening but b, we would need to see small caps earning growth manifest and we have not seen that yet. c we would actually need to see a sustained real rate move

and we haven't really even begun to see that yet. yes rates have come down from the highs but real rates still remain quite high. we would need to see that move significantly lower. liz: let's look at the chip stocks that are getting hammered over the past two days. certainly, couple of days and you've got two pieces of information coming out, and we'll talk more about what has been politically and geopolitically affecting the chip stocks but you look right now. micron is down 3%, advanced micro devices down 3%, lam research, these were the high fliers and when you talk about for example, asml took a very big hit yesterday. a lot of that had to do with the biden administration possibly floating a stricter agenda when it comes to exports to china of any chip equipment, or chips. even foreign ones that use us-derived technologies, so we're not surprised that we got spooked here on this level, but

what about the a.i. revolution that has been charging ahead so dramatically? >> yeah, so one of the things that we actually talk about in our mid-year outlook that came out at the beginning of july is around some of these large structural forces that are going to very much be in play, and geopolitical risk drivers, as well as this move in a.i. are two things that we do talk about and both of them are playing out and i think a.i. is something that is going to be with us and transform the way in which we transact, the way in which we do business for a very long time. we absolutely will have some pullbacks and we're seeing some of that and i think that's healthy. i don't think at the end of the day that you're supposed to move away from quality, profitable, cash-rich markets for those areas of the market that are not and i think investors are doing just that. liz: and us-based companies that are part of that where they don't have too much exposure internationally, i'm thinking intel, which is bucking the trend today. two days straight, intel has ended in the green because intel

manufactures here. they are not exposed as much as say the envelopes of the world or the amd's or the broadcom, right? as you look at that, you've got to look at smci which actually is getting hit and by the way coming up, a very important interview with the ceo of smci, super microcomputer they build-out the data centers, charles liang is coming up and i'm fascinated to hear the geopolitical stance from his side because donald trump made comments about taiwan and balking at protecting taiwan. >> i think it's so interesting you bring this up because we talk about this idea of tech independence and how important the team is going to be no matter whose in the white house. just today we launched etf called made which looks at us manufacturing because we believe that that's something that's going to, again, be really important no matter whose in the white house, so think about tech independence as a source of strength in your portfolio regardless of politics, and continue to allocate to that,

continue to allocate to quality and continue to think about ways in which you can preserve your portfolio regardless of the outcome in november. liz: can you just quickly, really quickly tell me some of the big holdings in made? >> yeah, so we can't go into stocks but if you do think about what is in made, think about those spots of the manufacturing that are very much based in the us that will benefit from us manufacturing, rebirth and renaissance. liz: good idea, all right, thank you very much, gargi, good to see you. let's check netflix shares the streaming giant is reporting its quarterly results after the bell, ahead of it a little bit of tentative trade here with netflix down just about a half a percent and its newest reality star real estate broker ryan surhant is also big into what is going on in the world of selling real estate. he's selling million dollar homes. he's here for a look at the luxury housing market and to tell us what it's like to work with netflix, which has had

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liz: fox business alert.you've t tesla right now, specifically this intraday chart, tesla has just gone negative. it has fallen and erased all of its gains. it had been as high as about $257 a share.

it's now at 248. fresh data out of california. new state car registration numbers show tesla registrations fell, plummeted 24.1% in the second quarter compared to just a year earlier, and for the first half of 2,024, tesla registrations have fallen 17%. right now, stock is at $248. very interesting move here. we're watching it closely. another ev name, rivian. rivian has actually the biggest percentage gainer seeing a 77% increase year-to-date in the first half of registrations. the news not helping the stock that much although it did pop into positive territory earlier. right now, it's down just about 1.9%. let's look at domino's pizza, a bigger loss here losing a lot of dough at this hour, down 14% even though second quarter earnings saw a 31% increase. domino's shares recoiling after the pizza chain missed quarterly same-store sales estimates.

domino's also warned of slowing comparable sales for the current quarter and also it trimmed its expectations for international store openings. darden restaurants, different story, as it adds one more thing to its plate. darden, the participant company of olive garden, ruth's crist steakhouse and seasons 52 announced plans to buy chewy's in a $605 million deal. chewy's is getting a huge jump here at up 47 and three-quarters percent a six-month high darden down about 3.5%. no sizzle for beyond meat shares they are suffering their worst day since may 9, down 11 and one-third percent on reports of debt restructuring talks. according to the "wall street journal" they engaged a group of bond holders to initiate discussions about a balance sheet restructuring. shares have gone really cold, down about let's see , 62% over just the last year, and we've got a new plot continuing to

emerge at warper brothers discovery this time. shares are rising 3.6% on reports that the media giant is considering a breakup plan to unlock value. the plan could see warner brothers discovery separate its digital streaming and studio businesses from its tv networks. make no mistake this be somewhat of a desperation plan while the stock is up 18% since tuesday, when we told you bank of america suggested the beaten down company could benefit by selling off some of its assets, for the year, warner brothers discovery has been quite a mess. it's down year-over-year, let me just check here, 37% and the stock is even lower at $8.63 than it was many many years ago. warner brothers discovery struggling with streaming but real estate reality star ryan surhant is swimming strongly along. his new show, "owning manhattan" is netflix's latest hit. the founder and ceo is next to

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liz: fox business alert. okay folks we're about 40 minutes away from netflix earnings ahead of the report, we're checking back in. they had been green. they are now red.

just by about two-thirds of a percent. going lower with the rest of the market. you see the dow jones industrials down 577 points. quick check of the nasdaq a loss of 215 but the netflix company, what a streamer. they have taken a starring role compared to the s&p this year. netflix shares up 32% compared to the s&p which has gained 15%. wall street looking for netflix to post an earnings per share of $4.74 and revenue of 9.53 billion that be a 16.5% year-over-year jump. the street also estimates the streamer will have added 5.03 million new subscribers for a total of 274.4 million paid members but remember netflix has already told investors, it's going to phase out quarterly subscriber metrics and focus more on engagement or how they look at it, minutes watched on the platform. one of the shows nabbing millions of eyeballs and minutes

watched is owning manhattan, which has been viewed more than 512 million minutes, in just its first week. the new reality show on the platform follows american real estate mogul ryan serhant and his multi million dollar firm selling unbelievable luxury homes to the ultra-wealthy right here in new york city. joining me now in a fox business exclusive, founder ceo and broker ryan serhant. what's it been like being partners with netflix? >> i thought 270 million e-mails and dm's they're outside my office right now. its been incredible. i could not be more lucky to be on their platform and to have our show and our company all over the world. the last two weeks have been a complete whirl wind. liz: do they come to you? this is a totally different type of show that netflix is broadcasting with you at the helm. >> no, i had million dollar listing for 10 years. liz: on bravo. >> when i started my own company in 2020 that didn't fit the format for million dollar listing so i created a

presentation. we have our own production company, serhant studios and we took it out to everybody and netflix made the most sense and we spent a while producing it but i said if i'm doing a reality tv show it has to be something no one has seen before and make people put their phones down and it worked. thank god. liz: well one of the things that made me put my phone down when i was watching the premier of the show was that $250 million apartment right in the heart of new york city by central park. >> yeah. liz: the central park tower, 17,000 square feet, seven bedrooms, 11 bathrooms, 11? okay, but the way you showed it, and you wanted it sold, and you showed process where there was a korean buyer who then pulled out. how do you go about selling a $250 million property in a tentative economy? >> well, every product that we sell has a target market. if i'm selling a $250,000 piece of land in south carolina where we have a big business or a

$250 million property, you have different size of target markets and then you create tactical marketing campaigns so the penthouse at central park tower there's only so many people in the world or groups that can afford it and we figure out how to get it in front of them, and you make it a campaign. so we're working with top korean brokers, chinese wealth managers, private bankers, we through our education business sell it.com have over 30,000 salespeople and 120 countries now and subscriptions so we sell-through them. everything is now done in every single, well, over 20 languages. it's all done using a.i. now. we can move incredibly quickly and virtual so i can sell property faster and for more money than anybody else. liz: let me dovetail to the rental market right now because it is stressed. there is not enough inventory. there's a shortage of housing overall for americans and rents have been moving higher. realtor.com talked about how rents have jumped pretty exponentially and then you have

the piece about president biden floating this proposal for almost a national price control or rental cap. rent control is what it really be and basically, it gives landlords one of two options. either cap your rent increases at 5% per year or the government will yank the tax in incentives that buis have. we've talked to people already who hate this and think it will really hurt building of more inventory. how do you feel about it? >> if you disincentivize homebuilders, what do you think homebuilders are going to do? if you can't help them make up that income in another way, they are going to go build other things. they are going to, which could be good but the entire program makes absolutely no sense. it's an election play. you need to be able to have free market housing. if your current home is too expensive, since the beginning of time, you move.

you move to another home that you can afford and that has happened since the dawn of housing and that's what needs to continue to happen. you need to have incentivized workers who are incentivized to create more income for themselves so they can make more money to afford housing and you need to have incentivized homebuilders and banks. liz: i'm obsessed with the 30 year fixed mortgage. 30 year fixed price is 14 basis points lower than last week. >> uh-huh. liz: 6.83% today. does that juice the markets when you see a 14 basis point drop in the 30 year fixed where people say oh, mortgages are getting cheaper. >> no, because here is the problem. people watch the news, which is great, congrats. liz: thank you. >> but people need to do math, right? you need to do math and you need to understand exactly what you're purchasing. your not purchasing a purchase price. you're not purchasing the interest rate. you're purchasing that monthly payment and so they get excited about a 14 basis point move but what they need to do is look at

the math and say okay, what if it's 50 basis points? are you going to then go and buy that home or not buy that home because what that really means is for every $100,000 borrowed that's $33 a month. a month. that's it. that's it. so you have people making life decisions on homes over hundreds of dollars when in their mind they've been trained to think that it means hundreds of thousands, and so no. we need to see significant interest rate pressure relieved on the entire marketplace to increase more supply because supply is completely constrained. liz: ryan i want our viewers to no one thing. you were an out of work soap opera actor who was desperate for income. >> thanks. liz: you're welcome. well with that face, are you kidding me? who got a real estate license and look what you have built and now you're the number three most-watched netflix show in the top 10 on your debut. second season coming up have you started shooting?

>> i don't know netflix is reporting earnings after that i don't think i'm a part of it because we're this quarter not last quarter so the next quarter they will say owning manhattan has totally changed our lives seasons two through 1,000. we'll see what happens. liz: okay to the $250 million part. >> it's 195 now. liz: price drop. thank you. good to see you. >> good to see you. liz: ryan serhant real estate playing a very big role in the a.i. revolution why? because huge data centers consuming massive amounts of land and power are needed to drive the whole thing, and super microcomputer is situated right at the epicenter. ceo charles liang is here next to tell us how he's building the a.i. infrastructure but with a green money saving twist for his customers, and we're going to take you live to the fiserv forum in milwaukee, wisconsin for a preview of former president trump's big night at the republican national convention. we've got you a live report. don't go away the "clayman

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liz: milwaukee's fiserv forum positively vibrating last night as gop vice presidential candidate j.d. vance took the stage but wall street, wall street no doubt began shivering when the ohio senator bluntly took a populous swipe at big bankers, listen. >> the absurd costs oso much about what's broken in washington. i can tell you exactly how it happened. wall street barrons crashed the economy and american builders went out of business. s for the people who built this country. >> [applause] >> we need a leader whose not in the pocket of big business but answers to the working man,

union, and non-union alike. >> [applause] liz: he didn't just swipe at wall street, vance has also been clear, he will not bow to big tech and some may bed the biden administration's anti-trust lina khan, whose come under sharp criticism by republicans for blocking many a corporate merger. tech website the verge reports today that in february, vance attended an event in washington d.c. and praised the ftc chair saying, "i look at lina khan, as one of the few people in the biden administration that i actually think is doing a pretty good job." to grady trimble live at the rnc in milwaukee. grady a distinctly different tone than the republican stance perhaps maybe a sign that the trump administration if there were a second one might not be so merger-friendly. >> maybe so, liz, and we look forward to how the trump-vance campaign months but

tonight here at the rnc, the republican party is looking to their presidential nominee to kind of merge the american people. unite the country, and we're told by the trump campaign that his speech tonight is going to be extremely personal. >> he's been writing this by himself. he said he knows exactly what he wants to say. he knows the issues that he wants to talk about. he knows how he wants to connect with a former and future president providing that leadership when joe biden can't do it anymore. reporter: the attempted assassination last week changed everything this week and especially for tonight. trump and his campaign say he tore up what he had planned to say and started his speech from scratch. his daughter-in-law, lara trump

says after his experience saturday, he's a changed man. >> how you have a near-death experience and come out on the other side the same person, absolutely. i think he feels truly like he has gotten a second chance at life because he has, and i think he's going to use every opportunity to do what he knows is rig alway from melaina and ivanka trump, in the family box watching all of the speeches and by the way, liz, i wanted on we heard from vice president kamala harris for the first time since senator j.d. vance's speech and we're paying extra careful attention to what she has to say righty the hour. liz? liz: well yeah there's the washington post report that former president obama has been inching toward pushing joe biden to consider exiting the ra toda.

dow jones industrials down 548 points. make sure to watch former president trump's acceptance speech at the rnc tonight, right here on fox business. special coverage with all the speakers begins at 7:00 p.mt made waves by suggesting taiwan should have to pay for any military assistance the us provides to help the island ward off a potential invasion by china. the index a basket of stocks which basically includes the most important semiconductor names has tumbled 7% over the last two sessions. to be sure, it's not just the trump mp effec

massive implications for chip production as demand continues to sky rocket right now due to the a.i. revolution. that revolution has silicon valley's top manufacturer of data server farms in the sweet spot. super microcomputer stock has sky rocketed 181% this year alone, as just about every sector not just tech microcomputer founder and ceo charles liang, who joins me now live frof the a.i. revolution. charles, thank you for coming on to show our viewers this. let me just ask you though, we've got both candidates in the last 48 hours making headlines that could dramatically affect the global chip production world. how closely are you following these comments from both of the candidates? >> oh, you know, as a usa company, we design, manufacture

most ourn valley, so design here, manufacture here, ship from silicon valley and service from usa, so from the point of view and customers like our products, like our service. liz: yeah, it sounds like it, but your biggest operation is in silicon valley; however, you yourself are taiwanese and you've got a taiwan operation that is relatively new. tell me what you think about the comments, because taiwan thg their chips, and all the other chip companies in the us, so this could have ramifications for data center demand, would it

not? >> yeah, i mean, most of the chips, especially high end chip now is made by tsmc in taiwan, and then we design our product with our vendors nvidia in silicon valley and then manufacture in silicon valley. again, ship it from silicon valley basically. liz: yeah,ough china, which at the moment is not on the good list for either of these administrations. talk to me about the fact that you've been an unbelievable beneficiary of the a.i. revolution, but now it's not just chip companies and a.i. companies that need your services of these a.i. data centers, but well, let's just start with one of them at least though. x, elon musk, has asked you to build-out the x a.i. data center. tell me how that's going and what kind of project? what does it look like? >> oh, as you know, he is really a technology leader, and

he won the coding, he has a much higher power efficiency,ship tha few months ago and he really likes that, so we have the solution and we are able to reduce their power consumption up to 30% or even 30%, so we have been working together very closely and we continue to improve and to provide exactly the most efficient a.i. platform, a.i. data centers to his business and to the whole industry quickly. liz: well, behind you is this opportunity for our viewers to see what the innerds of a data centers look like. can you show us a little bit? i don't know if you can get up from your chair but if you could show us and explain what those things behind you are so our viewers understand when wee. >> thank you. here, as you can see , this is a whole rack.

this rack, includingd the whole system consumes about 80-kilowatt and that's why the whole one only needs about 80-kilowatt, not like a traditional solution and then maybe another 40-kilowatt, for the system alone, so customers save lots of power, as you can see here, this is a liquid tube, so other than power cable signal, data cable, now, we have the cable so people, data cable, power cable, and they are ready to run. liz: well this is important, because your competitors in the data centers space, dell and hewlett packard enterprises, when you entered the space, you said i've got to do this differently and i have to do it better and so what you've done is do it green.

you can save these customers up to 40% on their electricity cost, it's incredible and to me when i look at the real opportunity here, it's a chance for you to prove that being green can actually be profitable. your stock has gone so crazy. your market cap is the biggest of the three, that you're next monday going to be added to the nasdaq 100. you had been a russel company. i'm amazed by that because you're not small anymore. what do you see as the biggest demand pusher for your services? is it the transportation industry? is it travel, entertainment, financial? everybody needs a.i. now. >> oh, yes, you know, a.i. is much easier, quicker, more precise to everyone, so everyone would like to have more a.i. service and that's why the demand for a.i. data center continues to grow, continues to form, and because of this boom

in demand that's why a lot of customers and data center found this in our power and notes why we introduced a solution that has customer reduce up to 14% power requirement and the customer likes that and then to save money, reduce carbon footprint by enabling the data center to be on like quicker, because less power required, and yes, you are right. almost everybody needs a.i. power now. we're happy to provide more capacity to the whole industry, to the whole world. liz: well you're doing it and you're doing it more efficiently. we love to see this kind of company. especially right here in america. charles it's good to see you. thank you so much for showing our viewers the inside of a data center. the one that's unthe most demand now by many different sectors. good to see you come back soon. >> thank you so much. liz: you're welcome.

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liz: worries about president joe biden's health and fitness taking on new life after his covid diagnosis yesterday. the parent apparently coughed his way through a univision interview and seemingly struggled to climb the stairs on air force one in las vegas after canceling a planned campaign appearance. then, when he got to washington, d.c., he appeared to need assistance getting presidential limo after his arrival at joint base andrews last night. you can see the secret service man there leaning down, perhaps securing the president in his car, and today the physician if to the president, we get this update from dr. kevin o'connor releasing a statement saying the president is still experiencing mild respa pa story -- his vital signs are normal. this all comes as a report by "the washington post" today says former president barack obama has told political allies biden

should reconsider his candidacy. charlie gasparino is here with even more drama on the 2024 democratic politics. >> yeah. let's just -- a little breaking news, john deaton, the republican who's running against elizabeth warren in massachusetts, apparently or -- not apparently, according to ellie who just broke the story, received a million dollar super pac, a million dollar donation to a super pac that's supporting him from the wink withing vos -- winklevoss brothers. liz: the bitcoin brothers. >> they gave a million dollars to trump, and now the they're pushing ahead with republicans. republicans have embraced crypto as this campaign goes on, and we should point out that donald trump is going to speak at an upcoming bitcoin conference, and expelly's planning on attending, so we should get some nude coming off the that -- news coming out of that. i want to switch to the drama surrounding president biden because it almost never ends. i will tell you this, i reported last night that josh shapiro,

the governor of pennsylvania, has been, essentially been prodded by his major donors to get in the race. what i understand is that they're telling him he needs to get in right now. he needs to to be forceful to try to become, essentially, either be the vice presidential nominee or the presidential nominee with kamala harris at the ticket or maybe somebody else. and do it soon. liz: well, he can't do it until biden says i'm out. >> i know. but this just gives you an indication of just the drama that's going on behind the scenes. the people that are pushing shapiro, and we should point out he's a very, very formidable governor. liz: he's a new governor. >> he's new, but he's somewhat moderate. he gave a really -- and he seemed presidential when he spoke about the gentleman who passed, who died during -- liz: corey -- yeah. >> comperatore, during the attempted assassination of donald trump. this guy's the real thing.

so watch his name. and i'd be watching this weekend, because if you -- liz: that's a key battleground state. >> if you're following it like i kind of am, and i'm falling it from the wall street donor class, that's who are telling me, trying to tell nancy pelosi, schumer and obama to, you know, get him out of the race soon because they don't think he can win with. i will say this though, liz, and this is just confounding to me, the polls are still really tigh- liz: although they're widening. the distance between trump's -- >> in the battleground states. liz: yeah. in fact, the the emerson college poll that just came out, there is now a 4-point differential. it was 2 or 3, and now trump 46, biden 432. it is still, but it's widening -- >> i know. they're both below 50, which is unbelievable. liz: yeah. >> my point is this, i think what the democrats are doing and the leadership of the democratic party, and there is a civil war breaking out. we should point out that the progressives are still behind

biden. he signed away everything to them, student loan forgiveness, you name it, bernie sanders is touting biden. barack obama, who represents the establishment, he's saying -- he's the guy they're saying we think you should consider. that said, i think what the establishment types are thinking is, well, if we get biden out of there, we at least have a fighting shot at this thing because this thing could gap out at the end, really widen. and by the way, not only that, it looks like biden physically can't do it. it looks apparent that he can't do it. so it's interesting. two stories going on here, or several, actually. civil war inside the democratic party which is coming to a head this week over this between progressives and the establishment. number two, josh shapiro. watch that name. highly touted. number three, i mean, does -- do they coronate kamala harris? the talk is, no. the talk is you basically do some or sort of. liz: let's primary. we shall see. >> by the way, you know, here's

something else. for years we were taught that donald trump would destroy the republican party. joe biden is destroying the democratic party. if i mean, i'm not saying -- liz: certainly shredding the tattered fabric. >> liz, that's not hyperbole, that's the news. liz: i agree. i agree. it's chaos at the moment. >> yeah. we'll keep you -- if i hear more, i'll -- liz: gotcha. folks, we're three and a half minutes away from the if closing bell. big loss on the dow, down 5099 points -- 509 points. it's a big couple of days of losses for the nasdaq can, down 13 right now -- 134, yesterday it was a loss of 512 points and the russell is down 1.7% or9 39 points. mag 7 stocks, ugly. getting beaten by the ugly stick as sarge likes to say. they have all gotten hit hard. the biggest loser, amazon. amazon is a mess kind of today, down about 5.5 since the 12th of

july, but it's a big laggard a today. we've got nvidia losing about 6.33 since the 12th and then meta platforms down 4.6%. our countdown closer says different way to go right now, broaden your picks, help investors spread the love to the other 493 stocks in the s&p. he is 213 strategic partners ceo and finder greg serrian. do i look that by looking at a dividend-paying stocks, funds? if you tell us right now. >> you know, absolutely. thank you for having me back, liz. we do believe this broadening theme, this breadth of the market increasing is going to continue. trees do not grow to the sky. these mega-cap tech names had a tremendous back end of 2023 and first seven months of 2024, so we believe investors need to be thinking about rebalancing and repositioning into these other 495 companies. liz: okay. so you've got a fund that's

actually called d-gro. people haven't been talking about dividends at the moment p but what i find interesting is that the biggest holdings in this fund, some of them, in my opinion, don't have that great a dividend. and you look at microsoft, we can put up the big holdings that they have. jpmorgan has a pretty decent dividend, but i guess this gives you exposure to both tech, finance and dividends at the same time? >> so i think there's a couple reasons why dgro's compelling. first of all, if the fed starts cutting rates, you're going to see the fed funds rate, bank accounts are going to become less attractive. the yield on this is 2.36%, and we think that plus the fact that you're buying companies that are returning cash flow to shareholders, and they have a mandate that they will not pay out more than 75% of their earning. so you've got this really nice combination of a rising increase in dividends but also capital appreciation as well. we think that's a trend we're following.

liz: i just want to quickly, if we can, put up jpmorgan and goldman sachs, they're the biggest laggards on the dow financials. yes or no, you like 'em? >> we do, we do. as you see a selloff in these tech names, if that continues which we expect it very well may, you're going to see money flow into financials, into health care, into industrials, into these -- liz: okay. well, it's great to see you, greg. thank you very much. major averages get slammed. the dow down 519. that's going to do it for us. "kudlow" is next. ♪ if. ♪ ♪ larry: hello, folks. welcome to "kudlow," i'm larry kudlow. former president trump gives his key note speech tonight to the republican national convention, and literally i believe the entire world will be watching. speaker of the house mike johnson will be here visiting us on that and othe