nation was built on a protestant work ethic which is built on the notion of doing the right thing for your fellow citizen right? that's what we do and think about this. when that work-life balance thing was really hot, you can see work satisfaction wasn't a free fall we were going to 40% in the nation. now over 60% of people feel good about their work. this notion of a society based on leisure is absolutely nuts and any leader, any political leader who promotes it, i say should be ashamed of themselves. this is communism and socialism, even there they insist that you go to work, plus i don't think, i think it go against who we are as people right? by nature we want to be creative. by nature, we want to achievement we have a desire to do things particularly for our fellow human beings and we don't do that sitting on a beach. liz claman, those are my two cents. liz: yes i can tell you when i have steak i want dessert but i don't just want dessert and no

steak. gotta work for the steak right? charles: [laughter] you probably get those quality cuts too. liz: yeah, a fillet, well-done. breaking news we're looking at a boomerang effect as we kickoff the final hour of trade after the ugliest session in two years, the dow which dropped 504 points yesterday climbed out of the pit, peaked at 1:00 p.m. eastern with a gain of 584 points. right now, still up 216 but you see a little bit of retracement here. the s&p had recovered 64 of the 128 points it lost in wednesday's route, but right now, in fact, just a few seconds ago, it turned negative. it's clinging to 2 points of gains. nasdaq still trying to find its footing in the wake of that 654 point face plant yesterday, sparked by a sell-off in tesla, alphabet and just about the entire semiconductor space. investors are piling back into the russel rotation trade, small and mid-caps are gaining 32 points but even that gain has been chopped in half from

earlier in the session. the biggest percentage gain overall of the majors still what's driving the overall bounce? earnings. ibm right at the top of the dow, heat map big blue comfortably beating profit estimates and second quarter revenue of 15.77 billion also beat. the stock is gaining 5.25% here investors absolutely thrilled by that but also, by the $2 billion in bookings for its generative ai platform which it just launched last year. watsonx. i just spoke with ibm ceo and i asked him about the financial return he is now seeing from his expenditures on a.i. ibm is being very smart about spending on a.i. buildout versus others who are basically throwing massive amounts of spaghetti everywhere, hoping that one piece will stick. krishna told me, "we are very focused on spending 10% of what others are spending but the pay off for customers is the same." if i can make our a.i. offerings

one-tenth the cost, it becomes very appealing because customers are looking for more cost effective options. outside of ibm earnings quarterly reports from plain, trains, and automobiles. we could throw motorcycles in there driving the action so should investors forget wednesday's broad based sell-off and proceed as usual? especially considering wait a minute. we've got a big data number coming out tomorrow. let's get to the floor show joining me for the trader scott bauer and here with me on set main street asset management cio erin gibbs. scott, you know, no wonder the vix spiked 23% yesterday. it breached the 18 level which was a three-month high, right? then it's coming down just a bit today, but when you look at the fact that the nasdaq had cut but was cut by 3%, 3.5%, the first time in 400 days i think, 400 trading sessions, what does that tell you? >> well, it's very interesting, because if you look at the term

structure of the vix, liz, it tells a lot. when we see that big vix number up on the screen, on fox business here, or anywhere, you see what's called the spot or the cash vix number, meaning where is the trading right here and now? but the vix is a futures product, so there are different term structures going out in time and typically, like with most futures products, we see higher pricing going further out. yesterday, for the first time in a while, that cash or spot vix as soon as it eclipsed 18 actually moved higher than some of the futures prices. that went into a what's known as a state of backwardation. what that tells us is that the risk or the fear of the index or the fear in the markets, if you will, is kind of here and now. it's not worrying about two months from now or even the election. the fear was here and now and when it does go into an inversion or a

backwardation like it did yesterday, it doesn't last very long and we saw that reset almost immediately today when the market rallied. liz: yeah, it rallied past tense. we still have the dow in the green, and the s&p now negative by just one point. erin, to what do you attribute the fumbling at what, we're at the 10-yard line right now. i guess the one yard be at 3:55 p.m. eastern. >> i agree. i think what happens is we got that good report this morning. the gdp, that was all positive, okay, so the economies doing better than we previously expected. there's a reaction but i think oh, that fear, and we still have a lot of fear in the market, what's going to happen with the pce tomorrow? what are the inflations going to look like? what is the fed going to do at their next meeting. liz: let's be clear the pce is the fed's favorite inflation gauge and for june, we are expecting to see what we can put it up on the screen, but this is the number you want to see come down, correct? >> right.

exactly. liz: month-over-month up 10%, going up from the prior flat and year-over-year, 2.5% is the expectation previous month 2.6%. >> right so the closer we can get to that 2% goal, that's what we want to see and so i think there's just that hesitancy off of okay well there was good news this morning but you know what? there's still a lot of unknowns, a lot of uncertainty, and we could see more days where the market goes down, even if tomorrow is a little disappointing, we still have a couple more months before we expect the fed to really make a change and start cutting rates. there's very little expectation it'll actually do anything at this meeting but i think there's continued fear right up until that september meeting. liz: the fear was really prevalent, scott, in the semiconductor names which have done so beautifully over the past year and a half and yesterday we saw it selling off pretty dramatically and i'm looking today. it had been up higher, but right now it has turned negative again

down 1%. what's happening here? is this the anticipation of that inflation number tomorrow? by the way, everybody has to watch at 3:00 p.m. eastern because it'll be the final hour that could be rocking in the wake of that. >> you know, it was a little bit of herd mentality yesterday, also, liz, when all of a sudden that panic started setting in and that vix started rising here. well people that were still holding on to some of their profits in the semis or whether it was in one of the indices or whatever it may have been, they said all right, you know what? maybe it's time to just get out and we did see a little bit of capitulation. liz: is that what's happening now? maybe it's time to get out with 55 minutes left to trade? >> no, i don't really think so, to be quite honest with you. i'm not seeing that. if we look at what the vix is doing, it has settled in a little bit. a lot of that anxiety, if you will, is gone from yesterday but let me throw out something else that i believe really catapulted

the market today. all of a sudden, fed funds futures that are being baked into the market, the probability of not one, not two, but three cuts this year spiked earlier today. that has come in a little bit but i think the market reacted to that very positively and then maybe looked at it and said, well, maybe that's not such a great thing. liz: well, erin, with all of this swirling around and it's a lot, where are you putting your money and your client's money? >> so one of the things i like actually is small and mid-caps. i think it can get one, a boost even if we get one cut i think it's still going to be beneficial. another thing i think is looking at some of the trades, the markets are definitely indicating more of a trump win, so the industries that one would assume his policies be benefiting are doing better so energy, big pharma, small and mid-caps. those tariffs that he promises to increase should help those smaller domestic-based

companies liz: yeah, because they are expected to be purchasing a lot from overseas although maybe components wouldn't surprise you as we finish up to know that during the trump administration, it was clean energy that did incredibly well, popping dramatically, but basic energy fell under trump by 40%, under biden up 200%. you flip it over and you would expect it to do better for biden under trump clean energy jumped 275%, under biden it has fallen 50%. >> it's all about anticipation and not what actually happens. i think this is something you could trade at least until january, but it's really about just anticipation expectations, not what actually happens. liz: that's true. the market runs -- >> it likes to lead. liz: erin, scott, great to have you both thank you very much. investors in a stock called edward life sciences are kind of having a mini heart attack after the med tech giant released its second quarter earnings. we are going to tell you why

the maker of heart valve replacements has sunk all the way to the bottom of the s&p 500. the second quarter went much differently for the nasdaq. we will get to the heart of its second quarter results later when chair and ceo adena friedman joins us on the "clayman countdown." the s&p can't decide where it's going it's all over the flat line here right now up just about one point. clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. you'll get better when you're not blamed for a condition you can't control. you'll get better when your pain isn't minimized,

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liz: fox business alert. lululemon shares pulling a muscle tumbling to the bottom of the nasdaq, right now down 8.5% after the athletic wear maker was downgraded at citigroup to

neutral from buy and the firm cut its price target by 28% to 300 bucks due to a more difficult macro backdrop and tougher competition. jpmorgan also removed lululemon from its analyst-focused list but maintained its overweight rating and cut its price target to 338 from 457. they're both well-above where lululemon is right now it's at 248 and change. jpmorgan analysts said lululemon is taking a risk by pausing sales on its recently launched breeze through legging collection to revise the design. lulu being served lemons the stock has fallen more than 50% year-to-date. let's look at molina healthcare, charging higher. top performer on the s&p up 12.75%. the medical insurer beat the top and bottom line in its second quarter report. this is the company that provides coverage through government programs, medicaid and medicare, reporting premium rose 17% year-over-year during

the quarter, thanks to its medicaid plans expanding 9% from 2023. they now cover 5.7 million people. edwards life sciences is, well you gotta call this hemorrhaging, maybe we can put up edward life sciences having a terrible day at the bottom of the s&p, the largest percentage decrease since october 31 of 2000 falling 30%. the medical device maker reported a second quarter miss on revenue and sales for its transcatheter aortic heart valve were slower than expected during the period. the artificial heart valves are the life blood of edward sciences. they generate nearly two-thirds of the revenue there. the company now expects revenue from its heart valve business to grow 5-7% down from previous estimate of 8-10%. shares of northrop grumman are flying higher by 6.6% after the defense company topped the streets expectations in the second quarter due to increased demand

for weaponry across the globe. folks we've got two hot wars going on here, raising its full year guidance as the ongoing war in ukraine and the middle east has fueled defense spending. the company now expects annual sales of $41 billion, that's up from the previous forecast of 40.8 billion to 41.2 billion. northrop grumman also set to benefit from the $95 billion defense spending package recently approved the house which includes funds to replenish us stockpiles in ukraine and israel. other defense names let's check on it because they are in the move. lockheed martin is hitting an all-time high right now. it is gaining 1.5%, $522 and change. general dynamics is up 2.5% and rtx, is up 9%. strong quarterly reports for all of them this week but let's break out lockheed martin specifically. because this all-time high looks incredibly good and what you're seeing here now is demand

for much of what if offers in the defense world. defense companies, well they are providing tools for the us navy to battle the iranian-backed huthi rebels menacing the red sea. there are attacks on maritime shipping still have global trade walking the plank. we are going to take you live to the port of bayonne, new jersey for a live report on the fallout. you'll be surprised it's bad. and we're about to show you the future of innovation. one us company is well into developing driverless tanks and military vehicles. the ceo of kodiak robotics is here in a fox business exclusive. we are coming right back, stay tuned. liberty mutual customized my car insurance and i saved hundreds.

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liz: breaking news president joe biden and israeli prime minister benjamin into meeting with families of american citizens being held hostage since the deadly october 7 attacks by hamas. the two leaders did speak earlier in the oval office, where netanyahu thanked the president for america's 50 years of support for the state of israel. vice president kamala harris in houston, texas this morning speaking to the american federation of teachers, national convention in the next hour she will meet with netanyahu in d.c. but today, released a strongly-worded statement condemning the protests during netanyahu's speech before congress yesterday. harris called their burning of

the american flag and pro-hamas graffiti as despicable acts by unpatriotic protesters and said the flag should never be desecrated. she also said there's no place for anti-semitism or hate of any kind in our nation. the conflict in the middle east, european, if you're looking at the business ankle it is having a major impact on global trade. the huthi attacks in the red sea not only diverting barge and tanker traffic but also driving up the cost for companies to move their products. fox business lydia hu is live in the port of bayonne, new jersey with more on how the marine shipping industry is being forced to deal with this dangerous supply chain disruption. reporter: they are really trying to navigate that and those meetings that you mentioned between prime minister benjamin netanyahu and president biden come on the heels from another warning coming from the us to yemen. he says that the attacks from

the iran-backed huthi militant group are becoming more problematic and more targeted. they are increasing in scope, and in precision, and in fact, liz, a us defense official tells fox news that hadshuthi militants attacked or threatened american navy and commercial vessels 230 times since november 19, so it should come as no surprise that many shipping companies continue to avoid transit through the red sea. take a look at this map on your screen, because it illustrates how the shipping routes have been diverted. the green route that you see is the old route that would take ships say in this example from the united kingdom to taiwan, straight through the red sea and the suez canal, but now they are forced to use the route you see highlighted in red. that's adding days of travel time, bringing them down, around the southern tip of the cape of good hope, around africa and of course, it's also adding a tremendous amount of cost as well. costs to get a container from

china to say the east coast of the united states, where we are standing right now, has increased by 326% since october. that's according to tracking from freight. now i'm also told that retailers here in the states, maybe they have ptsd from the shipping and supply chain crisis of covid. they saw these disruptions coming so they rushed to place their holiday orders early so some experts that are watching the supply chain now say maybe peak shipping season might be happening right now. watch this. >> retailers in the united states who are nervous about all of this are stocking up for the holiday season early, so whereas we would normally see the peak season of shipping starting around now, around july, as people want to stock up their warehouses and shelves ahead of thanksgiving and christmas. this year, we saw the peak season starting already in may so people were just nervous that the network is less reliable.

reporter: so where do we go from here, liz? well there are two schools of thought. one is that maybe with peak shipping season now, maybe it will get better in the near future and demand will subside as retailers get their holiday goods in stock but on the other hand, there's the uncertainty and folks are worried about unforeseen events. weather like hurricane beryl, the crowdstrike outage had a massive impact and when you take those events coupled with the ongoing issue in the red sea, we koala see serious continued delays and increased costs. consider what the ceo said recently. that is a massive global shipping company. he's warning that the coming months now, moving forward, are going to continue to be a challenge for the shipper, intensifying from prior months. he says expect delays, and port congestions, and now the red sea disruption is impacting their entire global network. he's actually calling for more government support. really focusing his efforts on trying to get support from

european nations but so far, that's not happening. he wants their physical presence to ensure safety for safe passage through the red sea and as that's not happening just yet, he says expect continued delays, port congestions and these higher costs to continue for now. liz, i'll send it back to you. liz: more than 300% jump in shipping fees, that's unbelievable. lidia, great report. thank you very much. the nasdaq's tumble yesterday, we should show tesla shares. they're up 3.9%. it was fueled in large part by the ev company's loss in the stock. tesla saw $100 billion wiped from its market cap yesterday. well right now it's getting back here, it's at $224 and change but a long way to go before it makes up for yesterday's losses when it plunged 12% after reporting weaker than expected earnings on a lot of metric levels but most notably it's gross profit margins in the core vehicle business. ceo elon musk is working hard to reframe the ev maker as an a.i.

and robotics company, but on his earnings call said tesla is going to have to postpone the august unveil of its robotaxi to october. he did say the first ride will happen by year-end, but it's always a moving target with elon musk. one company is already well into using its driverless tech. in fact their vehicles have already driven 3 million miles. joining us now in a fox business exclusive, kodiak robotics ceo don burnette. this is the future of innovation but it's happening now, don. trucks with kodiak's technology all kinds of things, right? where and what have they accomplished since we last spoke to you two years ago? >> that's right. autonomy is becoming ubiquitous everywhere we look. we started with long-haul trucking where our trucks are moving 24/7 across the southern portion of the united states. we have over 19,000 miles in our commercial network that we're operating on. we also do work for autonomous ground vehicles with the us

army, and now, our most recent announcement which we're incredibly excited about is that we've now deplayed driverless systems in the permian basin with our partners atlas energy solutions so we're now moving sand for them with no driver in the cab. autonomous commercial deliveries and rollout and operations is finally here. we've moved past the r&d stage and it's a really exciting time. liz: well the technologies interesting because you can go to trucking companies and you can say keep your trucks, you don't have to trash them. i'm not making trucks, i'm making the technology that can up-fit or retrofit, rosenstein it? tell us exactly how it works. >> that's exactly right. so we don't build the trucks ourselves. we've developed a generic technology that could be applied to any make and model of vehicle. we've demonstrated that multiple times. we work on semi trucks, existing trucks, we've done passenger vehicles like the ford f-150 and more researcher innedly announced a partnership where we're actually outfitting

military vehicles as well, so we've been able to generalize our technology across a broad range of applications and so yes, you don't have to buy any specialized or new equipment in order to enable autonomy in your fleet. liz: we were just talking about the hot wars in ukraine and of course in israel. the gaza strip. let's talk about what the potential is for military vehicles, because i work with a charity, building homes for heros, and so many of my heros, so many of my guys, got hurt and suffered amputations because they were in humvees. they were in tanks that hit ied's, explosives. there are thousands who have died between 2011 and 2022. what could a driverless or drone tank do for life saving efforts in any war i guess? >> right. most people are familiar with the idea of having autonomous drones in the sky, but ground

based autonomy is a relatively new concept. that being said i've been working on this for over 15 years and i've been driven, my passion is driven by safety at all angles whether that's in civilian vehicles, over the road long-haul trucking and truck drivers or passenger vehicles and most importantly, the men and women who are out in our military in harms way. we want to get them out of harms way and save lives. we can do that not only with combat vehicles but think about logistics vehicles. there's conveys moving all over the world in hostile territory. we can remove the drivers and remove the passengers but get goods and other necessary items into areas where it would have been previously incredibly dangerous to do so. liz: you've completed more than 5,500 deliveries and as we said, 3 million miles but not on passenger roads, or freeways. i know you've had a few tests, but when will we see that? i guess the underlying question is are you going to beat elon musk? >> yeah, so we still have a safety driver behind the wheel to be clear, we have driven over

three and a half million miles on public long-haul routes but we also do off road technology. that's one of the distinctions with kodiak's technology is we push this into the off road environment and that's where we're actually deploying driverless systems today. we're going to be ramping up from here and our commercial over the road trucking customers are going to benefit from all of the advances in technology from the deployment that we've announced this week. liz: great to see you, don, and we love following up on these start-ups that maybe one-day will go public. good luck to you. >> thank you very much. liz: this year's biggest ipo speaking of going public, coming in from the cold as the world's largest refrigerated storage company makes its debut on the nasdaq. we're going to check in on how day one is going for lineage. nasdaq ceo adena friedman has to be thrilled about landing that ipo. she's about to tell us what's in her ipo pipeline. she's walking down the hall into our studio, and wait until you

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liz: all right, we have about 22 minutes left to trade, and investors are hot on cold storage warehouse operator lineage. the temperature-controlled warehouse company launched the biggest ipo of the year today. this is a reit, that raised $4.44 billion in its initial public offering pricing at roughly 57 million shares at $78 a piece, close to the high end. lineage, ticker symbol line began trading on the nasdaq mid-day today. the stock opened at 82, right now it's up 4%, just below 82 at

$81.25. the nasdaq exchange also out with news of its own not just launching that ipo. nasdaq reported earnings that beat top and bottom line expectations. look at the shares speaking 7.8% to a one year high. joining me now, is nasdaq chair and ceo adena friedman. not only the biggest ipo of the year. you also landed the biggest ipo of last year, arm. what are you doing to lure these companies to the nasdaq? this is really impressive. >> well first off, we're so excited that lineage has joined the nasdaq family of companies, and you know, what we really focus on is helping companies have an amazing experience going public, but then also supporting them as public companies. i always say going public is a massive project but being public is almost a new existence for the company, so we focus on providing ir intelligence and solutions, governance, support and other tools that help them manage their lives and communicate more effectively

with shareholders, in addition to of course all the branding support we offer them, on the ipo day and for years after that. all of that really hopefully is a 72% win rate for the quarter and another wonderful company coming to the nasdaq. liz: well let's talk about the quarter. your financial services segment was stunning. i mean, you look at this , up about 79% annually. we've talked to you about this. when you were on the last time you had a lot of the big financials globally, not just us, joining in because of what you are able to give them, but that said, you also added about 67 new customers in the quarter, from what sector? are you expanding beyond financials? how does that work? >> so we have three different divisions, our markets division, capital access platforms which really is the work that we do with our corporates and investors and then the fintech segment which is what you're talking about and we had a major acquisition last year that we've brought in on a pro forma basis we're up 16%, so we are really growing really nicely in our financial technology division

and you're right. we're adding 67, these are all financial institutions. it cuts across in terms of our anti-financial crime solution, regulatory reporting, risk management, and capital markets technology, all of them together have 67 new clients, almost 100 up-sells and four cross-sells in the quarter. it really is showing the proof that when we can help our clients manage risk, manage their regulatory obligations, and manage criminals out of their networks, we can drive a lot of demand for our solutions and we are really true partners to those clients and i think they see us as a critical infrastructure provider ourselves. we're highly regulated ourselves so that partnership is really really deep within the banks and i think that's what's making them come and work with us. liz: how bad has financial crime gotten? >> well it's a $3 trillion global problem in terms of apt i-money laundering and a half a trillion problem just in terms of fraud so when you think about that, that's like taking money from hard working individuals and bringing them into this criminal network. it's also a massive global

issue. liz: how do you shut that down? what is it about all of the companies, because you acquired, all of the companies you've put together and the efforts that you've put together to snag this. i know a.i. is a huge component. >> it is actually so the first thing is in the united states, we have actually laws that do allow us to bring data together to make it so that we can root out criminals and by doing that if you bring transaction data together, you can look at patterns and practices of behavior. liz: and spot the bad stuff? >> yes and use a.i. because you're talking about billions of transactions. so a.i. is really a huge enabler there and then once you find the potential bad actors you have to do research. we're able to automate a lot of that rose now using a.i. as well, and making it so that banks can do it efficiently and effectively so that's what makes it such a powerful anti-financial crime solution. then on top of that then we go right into okay, you also have an enormous amount of data you have to supply to the governments around the world, to support your regulatory operations, but enormous amount

of data you have to manage throughout your system, to manage risk and so all of that really comes together in our fintech solutions and that's what we're so excited about. liz: saves money for customers for sure. just look at all of the advancements. everything from a.i. and all the companies you've landed in that regard, financial crimes, et cetera, but also, yesterday or this week, rather, you landed the blackrock spot ether etf. that launched monday and it's so interesting to see that crypto is now very much part of a trading potential here when it comes to these etf's. >> what's great is that blackrock has had a great vision and there are other partners we have as well who have had a great vision on how do they make these products accessible to investors in a regulated setting. liz: it was very, as i saw it, it was very orderly. >> oh, very much so, so both the bitcoin etf that has been launched as well as now the ether etf was a very orderly launch to the product. its been great in terms of asset

gathering and had over $250 million come into the product just this week since they launched tuesday and also, as you've seen, the bitcoin etf's are really active across the platform as well and i think having in a regulated environment, making it very accessible and very inexpensive for investors to invest in and have an opinion about the current and future value of bitcoin and ether is really good next step in the evolution of the crypto markets. liz: here's to landing the next big ipo whale. you've got a great track record here. yesterday of course you had on stream. it's really interesting to see all that's happening. great to have you thank you very much adena. >> thanks so much liz. liz: adena friedman. folks weight loss drugmakers are now finding that the competition is beefing up and fast. we're going to take a look at one stock with news out today that could tip the scales in its favor, and no, it is not the one that makes wegovy, and our countdown closer has a weight loss pick as well.

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liz: "fox business alert."

all the way at the bottom of the s&p, warner brothers/discovery shares getting called for a flagrant foul at this hour down 5.6%, after mcquarry downgraded to neutral from outperform. lowered the price target to $9. it is eight now. it had been 13. it got iced out of broadcast rights to nba games. national basketball association did not pick warner brothers/discovery. a move many analysts will hurt its networks and max streaming service. david sas laugh may not be going down without a fight, what is the story, charlie. >> unless something major happens in ten minutes he will sue them. depends who you talk to about the legal remedies here. we should report out zaslav said, no i will not bid on it. tnt is one of stations. liz: they had it. >> they had it for three decades. tnt has not been part of the

warner brothers/discovery until recently because of a combination of time warner and discovery, zazz was a ceo of the both things. zaslav is in cost cutting mode. we'll not compete with brian robe earth abouts paid up $2.6 billion for nbc to get the games. bob iger paid 2.5. there was a third one who paid 1.9 and that's amazon. so what zaslav turning around, there is a whole investor play here. investors started selling the stock around the tile he didn't to for that. what is the one thing you can sell on cable tv these days? liz: live sports. >> business news, hat tip to us, and live sports, people want to know how to make money and people like to be entertained. then i comes back with a last minute matching rights bid, not on eiger's. liz: on amazon. >> on the low one, the 1.9.

so this is where it is going to get really interesting. it is not just going to be a lawsuit we should point out. you know, i'm going to be writing about this, i'm breaking it here on fox business on the "claman countdown," i will be writing about this in my newsletter column in the "new york post" that should be posted imminently, there will be a class warfare element to this, liz. what zaslav will argue, number one we have very strict, we have good legal rights here. we have right of first refusal, if you don't want us, too bad, we can match your lowest offer amazon. nba is saying no, that is not how it works. it is very convoluted. anyway that is what they will say legally. they will say philosophically, culturally, look what they're doing, what the nba doing, they're greedy. they're trying to say that amazon should have it and not us. amazon will force people to pay, something like $10 a month more to get access to those games when you can get it from us

free. how is that good that we're charging inner-city kids who want to watch basketball $10 a month extra because the nba, let me just, let me just finish this. they are paying but will pay twice. most people have the bundle already, you see what i'm saying? they're going to have to go out to pay twice for these same games but they can get it part of their basic cable subscription through us this is how he will frame it if he does the lawsuit. everybody thinks he imminently will file. he will say, listen, the nba the reason why they lust for amazon, amazon gets the 10 bucks, yes, but the nba gets all the crossmark getting opportunities. liz: isn't that capitalism? >> yeah, i'm just saying. >> adam silver is looking for the best deal. >> but you do realize there is a class warfare element here going on in politics this is a political story as well and it will be. i unpack it in my "new york post" column but the political story is this.

you have anti-tech populists both in the republican party and democratic party. look who is the, look at elizabeth warren war who is very big in the democratic party now supporting kamala harris, endorsing her for her bid to be president. she's big in the economic, sort of ecosystem of democratic party. look who is vice president now? jd vance, another tech, anti-tech populist. he is donald trump's vp. liz: he likes lina khan. >> she is very populist. what i'm saying is, this thing, if, depending on zazz how he plays this, could play right into that, with that political angle that is going on right and it will be an interesting thing when this thing gets filed. i love to see the political stuff in the lawsuit, we'll see if he does but clearly this is how they are going to frame this. this is greed over good. good is basic cable.

greed is $10 a month extra for amazon, if you're, working class guy that likes basketball. they're going, big tech is destroying downtowns across the country, and they're also, you know, screw being with your sports packages and make sports, making you pay extra for it when you just want to watch it on tv. that is where it is going. all because they want to cross-sell t-shirts and jerseys on amazon, because amazon is retail. liz: there might be more to that. >> that's their argument. by the way, it knows not an absurd argument. listen, me, the capitalist thinks it is absurd. liz: that's what i'm thinking. >> me the realist, i know the way the political winds are blowing these days it might work. okay. liz: charlie, thank you very much. we'll be watching to see if and when the lawsuit is filed. >> it's today. liz: four minutes away from the closing bell. nasdaq once again the biggest

loser. it is down 126 points, 3/4 of a percent on yesterday's, oh, what was it 6.3% loss yesterday and 654 points. the s&p down 17, slightly lower. the dow trying to snap a two-day losing streak, up 132. russell 2000 up 30 points or 1 1/3% i told you at the top of the hour, still the biggest percentage gainer for all the majors. look out novo-nordisk and eli lilly, the makers of wegovy and zepbound have some competition. today, viking their puts after it said its advanced experimental weight loss injection into late-stage trial is going earlier than expected. this is joining highly profitable market for glp-1s. gain of 27% for viking.

our "countdown closer" says i have a stock that is gaining weight in the category. we have jordan kimmel. which one is it, jordan? >> great to be with you, liz. there is little company, him and hers health. liz: hims and hers health. they advertising is else. they have weight loss in their bag. everyone wants to take a magic pill, forget about eating right, exercising right. hey, man, this is what the public wants and they will pay anything for it. liz: okay. the stock is up about three, a couple of percent here, over one year but the three-year picture is huge, a nice 170% gain. how much more room to run? what else beyond when they offer in that sort of locus of weight loss drugs and weight loss fitness do they have? >> the difference between this and viking too, these guys are profitable there is really nice

cash flow, there is margin growth. they have things that tell you they can grow hair. luckily i don't need that either. they talk about problems in the bet room and ship it right to your home. hims and hers just turned profitable. including harmony biosciences, these are profitable companies with great cash flow. harmony happens to be heavily shorted as well and i show amgen because it has been in the portfolio forever and it is the class of biotech but i love health care right now. a lot of people got over their skis, liz, if you will, a.i., a.i., some of these drug companies will use machine learning to get more products out sooner and little guys become acquisition targets to the big ones as well. liz: they sure do. jordan, 30 seconds left, tomorrow, pce, personal consumption expenditure, the most important inflation number

every month for the federal reserve. what are you expecting and can you anticipate what the fed might do? >> i think the fed is on hold right now. everyone is calling some people were saying earlier, three cuts right now. they're begging for rate cuts. be careful what you wish for. they will see it when weakness in housing, employment, muted number. i got 5%. they wish they did and wished they owned it right stocks instead. i don't think the fed is doing anything. i think the clues for the fed easing are not coming this month and next. liz: jordan kimmel. always a pleasure. [closing bell rings] there is the closing bell. with 10 seconds left to trade, looks like s&p and nasdaq will not see gains. dow, russell moving higher. tomorrow airbnb ceo brian chesky. don't miss it. ♪. larry: hello, folks, welcome to "kudlow," i'm larrdl