the terms upon which they accept employment. i'm not saying there doesn't need to be a safety protocol in some kind of governmental making sure that they aren't being abused, but let's be honest. it was a result of ab-5, the california, 10 million said yes, we want prop 22. we want people to be able to be just an ic and not have benefits and have those jobs, and thank god this is a win for capitalism. charles: it reminds me of the supreme court decisions too like legislation, these bureaucracy, you can't be judged, jury and execution. people have a voice and they voted on this. >> the legislature was trying to say we don't accept your referendum of the people. >> the democrats not accepting democracy. >> california has got problems. charles: remember that, when you go to vote. >> [laughter] charles: ladies thank you both very much. rebecca and brianna. liz claman, don't say i never gave you anything. gave you a pretty good rally today. liz: [laughter] thank you. charles after one of the most volatile weeks of 2,024, right?

whose ready for the weekend? >> ready! liz: right? >> yes. liz: tough it's not here yet we have 59 minutes to trade and the markets are going out with a bang. this 632 point gain shoved the dow back above the 40,000 mark, 40, 561. big move for the s&p, it's gaining 52 points or just under 1%. the nasdaq has sprouted wings and it's soaring 129 points, three-quarters of a percent and this pop for the russel of 29 points makes the small and mid-caps the best performers of the entire week. yeah, the russel rotation. that is no small feet, considering the daily peaks and valleys both the bulls and the bears have endured. monday was a cake walk for the bulls, triple digit gains for the dow and the nasdaq, nice moves for the s&p. tuesday you start to see the clouds rollin and then look at wednesday. the dow tanked 504 points. i don't know why it says 57.

yeah, 504 point, s&p got hammered down 128 points or 2.3% but the nasdaq got the worst, 654 points or 3% vanished. then thursday, the dow clawed back about 81 points while the nasdaq took another gut punch, but let's withdrew the names chasing the clouds away at this hour. top of the blue chips, 3m, with this 21.5% gain, the maker of scotch tape and post-it notes is on pace for its best day ever, driven by a double beat and a hike in its full year profit forecast. 3m also boosting the s&p. it's at the top there, as for the nasdaq, no it is not a chipmaker at the forefront of the nasdaq's gain. it's a cable and broadband provider, charter communications, popping 14.5% after it beat analyst profit forecast, thanks to the success of its expansion to rural areas for broadband. free cash flow also rising 94%,

but nice day today. what about next week? the federal reserve gearing up for its interest rate setting meeting next week is the earnings engine about to take a back seat to the power of powell? let's get right to the floor show joining me now keith fitz-gerald alongside hudson valley investment advise or gus gako. looks like investors don't have a problem going into the weekend long. how do you view that ahead of the fed meeting next wednesday? >> well, it's an interesting choice of words, because they are trying to get ahead of the fed. i think the expectations are that the inflation is going to come down. the fed will do something realistic so to me this is normal. i'm glad to see it. i'd be worried if i didn't. liz: what about you, gus and again today, we've got the pce numbers for the inflation in june and you look at that number, especially the core pce. 2.6%. believe that's the lowest since march of 2021, matching a little bit hotter on some of the levels especially with core, but anything in there to indicate to

you that inflation has not been quelled? >> we think it has, and you're going to see a continued lower move over the next couple of quarters. the big thing is we were talking about a trump rally. we were talking about a harris rally and now really, it's a powell rally. it's because interest rates we think are coming down. liz: 99% odds of september hike, gus. so keith just talked about getting ahead of next week. that's july. doesn't look like an interest rate cut for july, but are you getting ahead of anything and how are you positioning that? >> we think rates are going to come down generally it's 120 days before the first cut that you start seeing interest rates start to come in. then 120 days after that, so we're anticipating that and we think that you'll get a rotation again and what we've seen now, we think is more short covering than anything else. it's out of the stuff we loved and into the stuff that we hated. liz: one of the things that was hated wednesday, certainly, keith, were the semiconductors

took a pretty significant beating, that's the basket of all of the names including nvidia and broadcom, micron. you just can rollout the whole thing. everybody was in the red. that looked like a really goodbying opportunity, did it not? >> well, guess who went shopping. liz: you. that's exactly what i went after. liz: what did you buy? >> i bought nvidia. i bought amd. i bought palontier. many of the names beaten down because the markets are the only store where people fear sale. i believe in those companies long-term and willing to wait out the nonsense and that to me was a great opportunity to do so. liz: do you think it's nonsense there is a pretty pronounced rotation out of at least some of these very high-flying tech stocks, and into the russel 2000. i mean the russel looks like it's going to have gained this week alone, 3%. yeah, i'm looking at 3% here for the week, and s&p will be negative for the week by just under 1% and the nasdaq down 2%

on the week. >> well, you know, it's interesting because i don't believe in the concept of rotation as it exists in the term as used today. what's happening is you're seeing more patient money being drawn off the sidelines going shopping that's why longer term investing profits tend to overwhelm short-term trading nonsense as i use the term. it's does not mean foolish or something you shouldn't pay attention to. i'm saying it's just noise and i don't look at that. i want to look beyond that because i want to place a high probability bet. liz: continued growth in earnings. let's talk about that gus because the earnings story has been very strong, as part of this rollercoaster ride. this entire week, tesla and google were the naysayers. they were the ones drenched in red at the beginning of the week. that certainly colored the markets and then you have minnesota mining and manufacturing today, charter, mohawk, we'll tell you more about mohawk coming up but does not narrative still continue where if some of the important crucial names in each sector do well or poorly, that's going to be the magnet for the investors?

>> i think you're going to get a broadening out of the market and what you're saying is true but along with keith, i also agree that there is a good shopping opportunity here. nvidia is trading at 30 times forward earnings but it's growing at 40%. why not get involved with something like that. it's not that expensive relative to other growth factors there and you're looking at 13.3% margins right now on operations. that's a record. liz: is anybody worried about the fact that the core pce number year-over-year that's the fed's favorite inflation number, came in one-tenth of a percent hotter? i'm looking at this and i don't know, keith. it looks like the pce is an indicator that the disinflationary trend is kind of stalled here. >> well, i think it's very tempting to read it that way and i wouldn't fault anybody who does. i think you're making a very sharp observation but i also would say the way the markets work today isn't as much about psychology as it is about data.

so this is knee jerk reaction. highly computerized. very technical so you've got to take a deep breath and take that stuff with a big grain of salt, liz. liz: that's the headline and the core came in year-over-year at 2.6%. gentlemen great to see you both. thank you very much. we've got the dow up 612 points right now. parent company of popular ugg boots has investors head over heels at this hour after its quarterly earnings report. we're going to tell you by decker's outdoor is booting the bears to the side, and later, let the paris olympic games begin as the clock, a very big clock, ticks down to the opening ceremony. airbnb ceo brian chesky is about to take us inside an iconic experience that his short-term rental company has prepared especially for the epic event. the "clayman countdown" is coming right back. stay with us. clem's not a morning person.

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liz: amid this big rally for the markets, you know what? apple isn't going to quite make it for the week. week-to-date it's down still about 2.7% this quarter percent gain, at least on this session is not getting it back into good standing with the bulls. let's show you some standout stocks still propelling the gains that you see on the lower ticker we've got the bulls piling into footwear company decker's outdoors. shares are racing higher by 6.8%. you know this retailer. they've got those super-popular hoka running shoes, ugg, the fluffy boots everybody wears? they don't make you look that attractive but everybody has to have them and teva sandals company hiked its full year profit forecast, decker's

betting on continued strong demand for all of its company names there, from ugg to hoka, et cetera. flooring manufacturer mohawk industries busting through the sealing. shares surging 20% to the top of the s&p 500 after posting a second quarter profit beat and unveiling a restructuring plan to cut costs further. bank of america double upgrading mohawk from under perform to buy and raising price target from $120 per share to 177. stock right now is at 161 and change. corsera giving a master class in earnings. shares of the online learning platform are coursing higher. yeah, you could say so, 44% jump here after the company revealed that more than 2 million users enrolled in its genai courses. people want to learn how to use generative ai. as a result, they reported a top and bottom line beat for the quarter. norfolk southern moving along in the right direction. shares of the us railroad

operator on pace for their best day since march of 2020, gaining 10.6%, after posting a second quarter profit and showing increased productivity. norfolk called 5% more freight during the quarter. they attribute that to more efficiency. norfolk also saw a boost in the quarter from insurance payments related to last year's derailment in east palestine, ohio. as the paris olympics captivate the world, airbnb is giving lucky tourists a once-in-a-lifetime experience. we're going straight to the famed where airbnb ceo brian chesky is standing watch over the opening ceremonies with his very fortunate guests. and someone had to first sell all those houses that could be rented as airbnb, but that idea didn't come naturally for a kid who grew up on a farm in indiana. he had dropped out of college and enlisted in the air force on

his off-time he read up on how to flip houses and after he earned his first profit, he was hooked. so much so he launched real estate company remax. how did dave linager and his wife gail go from a singer office in denver to a global powerhouse? remax explains brick-by-brick how he did it in my brand new episode of everyone talks to liz podcast that drops this weekend so amazing you guys he says the first couple of years of the business were "a disaster." but look what he built? hear how he did it on apple, google, spotify, iheartradio wherever you get your podcasts we're coming right back. (♪) (♪)

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liz: breaking news. we are now getting some of the first images out of the 2,024 paris olympics opening ceremony for the first time the parade of athletes not being held in a stadium. instead the athletes are cruising down the river through the heart of the city via a floatilla of boats that are drenched in rain at the moment because that's what the weather is doing. team usa will be led by flag bearers lebron james and "coco" goff, but hosting the olympics hasn't been all smooth sailing for the city of light. train travel for some 800,000 people across europe paralyzed earlier today after arsonists attacked france's high speed rail network. french officials as of yet do not know when carried out the attacks but the group

targeted remote locations far from the capitol in order to cutoff routes into the city from all directions. no injuries were reported but while travel might be causing headaches airbnb is aleve crating the lodging shortage for the hundreds of thousands of tourists descending on paris. the home rental platform seeing an all-time high for active listings and for its one of a kind experience. ceo brian chesky joins us from paris. brian, oh, my gosh, you must be so excited. >> yeah, we are here and this room is incredible, airbnb. this is probably one of the most extraordinary airbnb's on earth. liz: you and a couple of lucky airbnb guests are going to literally have the best view of the opening ceremonies because for people who don't know, it overlooks where tonight some 90 different boats filled with the

athletes are going to basically parade down that river. what do you think that's going to be like? >> it's going to be like probably the best seat in the house for the entire opening games. the center of the opening ceremonies right behind me. if you look out in this clock tower, this room is obviously in the old train station. we converted this clock tower to what i think is one of the coolest bedrooms on earth, and it was designed by the designer of the olympic torch and designed almost every object in this room so this is truly a once-in-a-lifetime stay. when you walk outside on to the terrace you'll be able to overlook and see the entire opening ceremony and it's going to be truly an experience you'll never forget. liz: can you show us the room because we see a tiny slice of it, but i want our viewers to be able to get the real feel of what you're offering here. >> yeah, so why don't we zoom out here and you can start to see right here. so this is the famous clock tower and you'll notice it's really comfortable bed behind

it. liz: wow. >> it's incredibly beauty tough and if we pan over a little bit you can see there's all of the objects in this room are designed by the designer of the olympic torch. now let's pan the other way and i want to show you. here, to my right, is the olympic torch and there's a book below it and that book is a custom-made book that shows the documentation of the creation of the olympic torch so it's designed by the designer who designed this room. it's really incredible. liz: oh, my gosh that is amazing. the clock is so iconic, and the museum beneath your feet, because this is up by the sealing, right? this special room. >> yeah. i mean to walk to this room, you have to walk through a room of van gogh, a room of monet, some of the most iconic paintings from the late 19th century and so this is truly one of the most extraordinary museums on earth

let alone in the city of paris, perhaps my favorite museum and i think, liz, like this just speaks to a larger question. probably if the audience member might wonder why are we doing this? well a number of things. number one it's really cool and fun. we like to do things that are fun and cool but more importantly this keeps airbnb top of mind. it helps us reach new audiences, and it's a gateway to airbnb coming more than just a place to stay, because this isn't just a place to stay. it's an experience and i imagine one-day, millions of people are going to be able to book these incredible experiences in airbnb. we want to bring this magic of icons eventually to everyone and that's one of the things we're focused on. liz: well your experience concept is a stroke of actual genius when you look sort of further down the runway and the possibilities for revenue. i was on your website and i saw all kinds of experiences. there are, for example, opportunities to go vip with kevin hart. that sold out. join a living room session

with doja cat and to me if you love experiences and you love these opportunities to do something really different, it starts right here at the paris olympics. let's talk about the record breaking numbers that you have seen. we know, obviously, you have seen something like a 400% swelling in bookings around this olympic games in paris, but what is aside from that the most surprising record that your website has broken? >> well, liz, this is the largest event in airbnb history and to give you a sense of how big that is, i want you to imagine the olympic stadium, a full olympic stadium and imagine filling five of those olympic stadiums and that's how many people are staying in paris during the olympics and there is over 150,000 homes, and the cumulative guest coming to paris are spending over $1 billion in the city of paris, so think of that economic

impact, so i think there's a few of those stats but the fact that five stadiums worth of people are staying in one city, no company, to my knowledge in history of hospitality has housed so many people in one city before. liz: and you also with this events were able to cool some of the tensions i think with the city leaders of paris thanks to the international olympic committee working with you, and the said, to make sure that you weren't shut out because there isn't exactly a lot of love lost between paris and airbnb. they have limited in the past the number of days that homeowners can actually rent out their houses for short-term leasing, and to me, i understand on one hand, because the inventory, at least the argument is the inventory gets soaked up for people who have these places and are short-term lenders versus individuals who live there and want to buy a house, and it makes housing somewhat more unaffordable. what's your counter argument to that, brian?

>> here's my counter argument. we've run this experiment. a year ago new york city decided to ban airbnb. we're not an airbnb right now, liz. housing prices are up year-over-year. not down. as are hotel prices. paris decided to work much more collaboratively with us and now look what's happening. 40% more listings in airbnb. the vast majority are first time hosts. i would assume the vast majority of them are renting the homes they live in. i'm staying in a house here in this neighborhood, by a host who never hosted before it's their family home. they went to the south of france while i'm here so ultimately i don't think airbnb is the problem. i think we can be a solution to cities problems and we're willing to work with cities. you know, paris restricts airbnb to 120 nights a year. i think that really makes it economically viable for regular people to make income, and i think most of the public is in support of sensible regulations. liz: it sounds like there should

be a middle ground here. before we go, we have a whole bunch of olympics coming up. i mean, you've gotta look at, for example, the 2026 winter olympics in milan. summer 2028 in los angeles, and just yesterday, we heard about salt lake city getting the olympics once again. are you and airbnb already getting a jump on advising hosts on how to deal with these upcoming olympics even though they're years away? >> yeah, i mean, we're very focused on milan, we're very focused on l.a. and i actually think the interesting thing is the smaller the city the more they benefit from airbnb. take a city like salt lake city. it's a much smaller city than milan. its got significantly fewer hotels so a city like that more than even milan, especially more than paris, is going to really depend on airbnb to provide excess capacity and allow people to be introduced for the first time. liz: brian, good luck, and it looks amazing behind you.

the famed clock. room service there be great. a couple of croissants. let's see what you guys can do, thank you so much. >> thank you very much. liz: it's being billed as the world's biggest cryptocurrency conference, bitcoin 2,024 underway right now ahead of a speech there tomorrow by former president donald trump. the self-proclaimed crypto president. we'll head to nashville for a live report. and, trump with israeli prime minister benjamin netanyahu at mar-a-lago, former israeli ambassador to the united nations, joining us next on the current state of relations between the us and israel as the war against hamas rages on. we're coming right back, dow is up about 700 points. s&p gaining 64, the nasdaq up 180 don't go away.

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liz: forget soccer moms and nascar dads. a new voting block seems to be emerging for the 2024 presidential race. the blockchain block, call it that, right? could play a very key role in electing former president donald trump, vice president kamala harris or perhaps somebody else, according to a new study by gemini, the crypto platform, run by the winkelvoss brothers. 21% of americans now own cryptocurrency and out of that group, 73% plan to consider a candidate's stance on crypto when they vote for the next president of the united states. look at bitcoin right now. it has rallied year-to-date, pretty dramatically 62%. ethererum is up 43% in the same span and as you know, spot ethererum exchange traded funds were launched in the marketplace tuesday. today they are finally trading higher by more than 4%. potential crypto voters are all gathering right now in nashville, tennessee, this weekend for the largest crypto conference in the world,

so we said let's get kelly o'grady there. she joins us from bitcoin 2024. kelly as two current presidential candidates get set to give keynote speechers another major contender decided to skip it. give us the landscape. reporter: that's right, liz. biggest bitcoin conference in the world. this is already hugely important every year but i can tell you the energy is different. i mean, i know you're a ces girl like myself. there are booths far as the eye can see here. people are extremely excited and that's because presidential candidates are finally taking crypto seriously. now like you mentioned former president trump is speaking this weekend and expected to emphasize this commitment to transactional freedom, possibly share a plan for classifying bitcoin as a strategic reserve asset. now if he wins and makes good on that promise it's one of the things causing the price of bitcoin to sky rocket so we got to speak with cathie wood the arc investment founder big

bitcoin supporter, she explained her case to me and thinks it could reach 1.5 million by 2030. here is why. >> it's a technology, so the layer of the internet, the developers forgot to build in the early 90s because they never thought financial services, commerce or anything would take place on it, so it's a technology. it's a monetary system. a rules-based monetary system, and it is a new asset class. reporter: now, presidential candidate rfk jr. is also speaking this weekend. we spoke to him moments ago about his plan for crypto. he shared a big focus on transparency. even putting the government's budget on the blockchain ledger for all the world to see. i'd love to see that. also asked why he thinks crypto has become such a key issue for this november race, especially for young voters. listen. >> i came here to this conference last year and i got so excited about

this potential of bitcoin as a currency of freedom and as a hedge against totalitarianism and inflation and all these other qualities it has that i went home and invested a large part of my total net worth in bitcoin. reporter: now, liz. he didn't share how much with me, but he also did share that inflation hedge is a big attraction for young voters. now just to close, you mentioned one candidate is not here. vice president harris was invited to the conference. she declined and i'll tell you the folks i've spoken to on the ground say look that's a huge missed opportunity to distance herself from what critics call an all-out war on crypto, from the biden-harris administration. so she's not here. tomorrow, folks are going to hear president trump plead his case and i have to say, liz, they're open-minded ready to hear what he has to say. back to you. liz: i'm looking behind you all the video you showed.

there are people of all vintages, young, old, so we don't, they should not ignore this potential voting block. kelly, thank you very very much. well, ahead of his appearance tomorrow at the bitcoin conference, former president trump's visit to nashville tomorrow. he hosted israeli prime minister benjamin netanyahu at his mar-a-lago estate in florida just a few hours ago. both were asked about the status of hostage and cease-fire negotiations. >> are you closer to a cease-fire deal? >> i hope so, but i think time will tell. we're certainly eager to have one and we're working on it. >> it's a very tough situation the hostages have to be given back immediately, because they can be no way that they are in good shape. they are obviously not being treated properly and you hope that they are okay, but there are a lot of hostages i'm sure that will not be okay, and it's just not an acceptable

situation. liz: now the last time netanyahu met with the former president was back in september of 2020 at the historic signing of the abraham accords brokered by trump. today's visit comes on the heels of the prime minister's address wednesday to congress and yesterday's meetings with president joe biden and vice president kamala harris. the presumptive democratic nominee for president offered strong support in a statement for israel's right to defend itself from terrorism but then after the meeting, stressed that israel should "do more" to avoid civilian casualties in gaza and push for a cease-fire between israel and hamas. let's bring in danny dunone, the first and only israeli ambassador to the u.n. to be nominated twice. you start your second tour mid-august. there's going to be a lot on your plate but let's get to the discussion at-hand, this meeting with president trump and then the previous meetings with biden and vice president kamala harris. how did those two go? because i know you haven't talked to him since he just met

with donald trump. >> well it's very important with prime minister netanyahu. very powerful speech at congress and we have to understand that we speak about the election cycle in the us, but our enemies, they don't care about the election cycle in the us. they continue to attack israel as we speak, from all fronts. from iran, lebanon, syria, hamas, so we are at war and grateful for the support coming from both sides of the aisle but at the same time, we need the us to stand with us. liz: a couple months ago, donald trump had said that israel should get in and get out quickly. obviously, it's a very complicated situation, kamala harris has pushed for a cease-fire, how close is israel with hamas because you can't do it with one piece or another. how close are they to a cease-fire? >> it's a contradiction because you can not expect israel to finish it fast and at the same time to minimize casualties, in fact we move slowly because we want to kill the bad guys and we don't want to kill innocent civilians in gaza so those are

finishing fast, to ignore the engagement that we put up on ourselves, we will not do that. we will take the time, go after the leadership of hamas, we will kill them, we will let them go away after what they did to us on october 7 and we will bring back the hostages. we have to remember, we still have hostages, babies, innocent to come that are being tortured, raped in the tunnels of hamas as we speak so we are determined to do everything which is necessary to bring them back home. liz: danny, when i look at the landscape here of everything that israel is dealing with, can you give us a sense of the kind of united nations that you are going to return to, because in 2020 you were the one behind the scenes to do these meetings between muslim nations and the israeli contingent, plus we had former president donald trump really brokering

this along with his son-in-law, jared kushner, and that was a huge success to normalize relations between israel and muslim nations, ended up being four of them hopefully more to come. you had a different united nations then. >> absolutely it was a different ballgame. today it's much harder, more challenging, with the hypocrisy and the double standards against israel in the general assembly and the security council but i'm optimistic and i think once we will finish, we will win the war and be able to speak about the next day, about bringing more countries to sign peace agreements with israel and i know today it looks so far away because we are in the middle of a very hard war, but i think that when you look at the interest, although the arab countries want us to be together and to deal with the iranian trying to take over the middle east. liz: the abraham accords inspired benjamin netanyahu this week to bring up

the abraham potential alliance with all of the middle east. here is what he said in the joint nation, the joints address to congress and then i'll have you respond. >> we saw a glimpse of that potential alliance on april 14 led by the united states, more than half a dozen nations worked alongside israel to help neutralize hundreds of missiles and drones launched by iran against us. thank you, president biden, for bringing that coalition together. >> [applause] >> the new vision be a natural extension of the groundbreaking abraham accords. liz: he thanked both donald trump and joe biden but i'm going to ask you a very undiplomatic question. you're a diplomat you'll be able to handle it. do the israelis feel one candidate is better than another in this upcoming election, assuming it is kamala harris versus donald trump? >> well we have enough politics

in jerusalem and we know it's not about people, it's about values. the american people standing with israel. they are standing with the hostages. we saw it. we felt it and realize that people are worried about what will happen in israel and we are sure regardless of the elections, we'll continue to be together, because they are attacking us only because we're representing the same values of democracy, of human rights, that's why they are coming against us but i think what the prime minister said was very important. we will continue to seek peace in the middle east and if you're asking why october 7 happened, on october 7? it's because we were very close to sign agreements with other countries and once our enemies realize that they did what they did but i think it will push us back but we will be able to move forward. liz: they didn't want to see israel establish relations with saudi arabia. let's just call it what it is. is that going to happen one-day? >> i believe so. i have no doubt. i speak with the saudis leaders

for years. i know that they understand that we can do great things together, and i see the potential for the economy of the middle east, transportation in the middle east and also to push the bad guys, push the iranians, they want to conquer saudi arabia, they want to conquer israel. it will not happen. liz: ambassador danny danon, once again at the helm of the israeli contingent at the united nations. good luck to you. >> thank you, liz. liz: citron getting squeezed by the feds, the man behind citron, the short-selling outfit is now in some trouble. charlie gasparino is here to tell us what he knows about an alleged $20 million scheme. charlie breaks it next on the "clayman countdown." dow is up 658 points, and the nasdaq gaining 171. nice day. the bulls are running. tamra, izzy and emma...

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liz: market rally in full force, with nine minutes left to trade. breaking news after a rough week for nvidia. the stock star of the year is up just a fraction and looks to close the week out with a loss of about 4%, but this stock comes into real focus with this news about short seller andrew left the founder of citro

nfl research. he's in hot water at this hour after the securities and exchange commission charged him and his company with multiple counts of securities fraud. the sec claims left engaged in a $20 million multi-year scheme to defraud his followers by publishing false and misleading statements of his stock trading recommendations, both long and short. charlie gasparino joins us now with the case. charlie? charlie: listen there's some stuff in here that's very problematic that i need to talk both to andrew left about or his lawyers and to find out, i mean, just get to the bottom. they basically said he didn't have a hedge fund when making these recommendations. there's some of that in there and i've got to go into this and look at that part, but i just want to read you one of the charges which i found fascinating, because if andrew left is guilty of something, then just about everybody i know that appears on cnbc is guilty too. it says here in the second charge. left uses target prices to amplify the trading recommendations he publishes

on citron research. the frequently included a target price on citron research reports, and tweets that he published leading readers to believe that this was the price at which he thought the stock would trade, and then they say he traded out before it hit that stock. liz: nvidia in 2018. charlie: it was one of them. i see that all the time. i mean, people go on cnbc all the time. i'm not going to name names because i don't think they are guilty of anything but let me just say this and say i think stuff is going to go to hell in a hand basket and then before it actually goes to the hell in a hand basket or as it's going before it totally plays out, they sell their position. this is, least this one charge, it looks like they're threading the needle on this stuff because there are so many people that hadstout their positions on financial television. one good thing about you and i

is that we're poor. liz: [laughter] charlie: and we don't trade because we don't trade stocks. i talk about amc, i've never taken a position in amc, i never would but we're in, you know, i trade my money-market fund pretty good but you see what i'm saying here. the financial television and social media is filled with people touting stuff and sort of drawing the distinction between a tout, a sale and not believing a stock might go that high. by the way, nvidia he sold out of nvidia. what the was nvidia trading right now? liz: well it's at about at the moment, $112.47 and that of course is after that big split. charlie: oh, yeah so if it didn't split, it be at 200-plus dollar stock. liz: easily. charlie: so andrew left said it might be $165 stock.

liz: well -- charlie: by the way, then he sold it before it hit 160. liz: well he's got a lot of followers. charlie: yes, but is andrew left really the guy who pushed nvidia? nvidia is being pumped right now. liz: by everybody. charlie: by a revolutionary technology known as a.i. andrew left, i'm sorry, he ain't that smart. i, again, i reserve full judgment and i probably be writing about this soon, but you know, i see some really wild stuff on social media. i see people that hadstout what are now penny stocks. i saw it with amc. it's now, before the reverse split, it be at $0.52 stock down 99%. people were saying it was going to go to a thousand. ken griffin was man p you lating it and all you have to do was look at the fundamentals to know it's going down in price and they are going after andrew

left? again, i want to see everything. maybe there's sleazy here but man look at this. read these charging papers and you'll say well didn't i see that on cnbc the other day? liz: good to see you. charlie: not on the "clayman countdown" but cnbc. liz: i see dead people. charlie: whoa. what is that? liz: i'm going to kill you if you don't stop talking. charlie: i was going to say am i going to get in trouble here? liz: closing bell all right we're three and a half minutes away from the week the dow looking at four straight weeks of gains and the s&p and nasdaq set for their second negative week in a row. look at dexcom, the stock is plunging for the steepest one-day decline, the medical device maker. it cut its annual revenue forecast amid fall out of its restructuring plans down 40.75% the stock is on track to wipe out nearly $17 billion of its market cap value if these losses hold at the moment.

we should look at cybersecurity firm crowdstrike, down more than 33% month-to-date after its software update created a tech meltdown, across the globe but our countdown closer says she has a more reliable cybersecurity name to play defense in your portfolio. joining me now, live is r 360 managing partner barbara goodstein. a lot of these names got swamped in the disaster that was crowdstrike this week but you say this is an important time to get into at least one name. >> so we have a market opportunity in risk meeting every month and we have some of the most sophisticated investors, some of the most esteemed investors in the country and they meet and talk about what should we be in. what are things that make sense. right now they are looking at defense stocks, looking at real estate and looking at bitcoin. those are three things we're interested in. liz: okay, we just talked about bitcoin is actually doing pretty well today. it's becoming the central

discussion. obviously, as part of the 2024 presidential election, but how do you look at a name like lockheed martin, rtx, these are two defense names, right? lockheed martin hit an all-time high yesterday. do you think there's more room to run and does that have to do with the geopolitical crisis we're seeing? >> again it goes back to the same group of really savvy investors, meeting every month and they tell the rest of the membership what they think is coming. they are very high-end defense stocks. they think there's a lot more room to go. we typically, right now, the us is at 3% of gdp. spending and defense, typically over the past 50 years it was 4.3% so we think there's a lot more upside to come. liz: you might be right. that's an interesting perspective there. there's a lot more to come next week. we see a big rally right now with the dow at 639. lots of green on the screen but the federal reserve has its july meeting kicks off tuesday, announcement wednesday. not expected to see a rate cut, but what do you look for to hear

from jay powell, the chairman? >> so i think it's more about what are the leading indicators that are happening in the market right now and we see a lot of leading indicators that give us some concern. basically we're seeing credit defaults are increasing. the optimism around the corporate earnings has been deflated and then a bizarre barometer but one that's important is pet sales have gone down, spending on bet sales has gone down and it's the lowest number since 2009 which means consumer confidence is plummeting. liz: oh, my goodness barbara great to have you on this friday. folks what a crazy week. >> [bell ringing] liz: a rollercoaster of five sessions but the dow finished the week strong, on monday, famed wall street analyst recall the 2008 financial crisis. larry: hello folks welcome t