problem it is a problem for almost every developed nation out there and it probably helps to explain what were seen here, this is a slow death of the nations, falling birth rates and you can see is a sharp decline on labor and is going to get a whole lot worse, the wealthy are beginning to feel an unease as well. i would've read this from the cfo of louis vuitton when i reported last week i think we have a severe demand issue in champagne, champagne is quite linked with celebration, happiness, et cetera celebration, happiness he talks about the global situation the geopolitical macro but he says people don't half to share, then opening up champagne like they want to or once did everyone feels this why did it happen, why is it happening. all the financial engineering all the money printing has made the money wealthier so rich that even dickens cannot imagine what we live in today, the other 80% of folks hoping one day they get a break, over to you liz claman.

>> your quoting dickens and louis vuitton unlike britney spears it is what it is. >> you got it. >> thank you. a day like today is the reason the final hour of trade is the most crucial stocks have been all over the map, the dow has endured 300-point swing but that's far from the story, the dow jones industrial has crossed the unchained line 135 times today, the session alone. what you see the dow is down eight points the s&p low by eight points, nasdaq by 17 the russell at session lows down 30 points this is one of the rare but very important weeks where we have a cosmic crash coming of to potentially market moving events, is the busiest week of second-quarter earnings season, 170 s&p companies and nine dow components report including microsoft, meta, amazon, apple,

qualcomm, intel and chevron and we have mcdonald's today, the federal reserve today policy meeting kicks off tomorrow and the questions swirling around chairman jay powell is will he or won't he send up a crystal clear street sign that reads next exit interest-rate cuts. we are pressing issues in the immediate 59 minutes left to trade on this monday it's an extension of the nvidia 9.6% loss over the past six months, the past month rather, can the chips which have driven a massive a.i. run-up have swooned pretty significantly over the past 30 days, can they start crunching their way back up the charts or will the small and mid-cap renaissance rotation extend beyond the spike is seen of 9%. let's get to the floor show and the guy two weeks ago talk about timing begin dumping the market darlings overboard federated hermes steve off. what did you see two weeks ago that told you this trade is

getting a little gray and the temples. >> we did not think it would happen two days later to be fair but what we saw evaluation had gone so far it'd become a momentum trade we really needed to have accelerating order growth in x-uppercase-letter and a.i. to keep the stocks at the levels. liz: let me stop you there. >> we did not see accelerating happen. liz: if you said that for month ago you would not of been wrong at least that you saw that the getting highly overvalued and overbought and if you dumped out then you would've lost more than a run-up. >> for month ago or six months ago i had my tech analyst screaming at me to keep owning these stocks, the fundamentals look good and they saw accelerating earnings coming in the coming quarters. the story on nvidia and all the bubbles as you know there's always a good underlying story, the a.i. thing is real, it is growing and has a great position arguing with that.

the stock got so ahead of themselves it's not enough to produce good earnings the initial good earnings i suspect but they could be wondering can they keep doubling their orders over the next 12 months. liz: the other side of that is the other side of the trade, small-cap in the first half of the year the growth rate of small-cap and large-cap value is substantial difference versus 20 or 30% faster growth in the large-cap growth stock. in the back half of this year the differential is reducing to single digit and by next year small-cap stocks are looking bottom-up to be higher growth than large-cap growth stocks. the thing is going in the wrong direction for something that is valued substantially higher than everything else. >> when you talk about the wrong direction all you have to do is look at microsoft on 6% in the

past month, and meta down 6%, of all go down 7% you could go on and on. as we said nvidia down 9% but if you talk about the mega growth stocks you been wrong if you were to sell on semiconductor and on came out with earnings going nuts not just today but still up 14% over the past month and tesla is still up 11% over the past month tesla getting a big nod for morgan stanley to today. >> a little more of a value name within the mag seven in some ways. it's underperformed and now is making a big comeback amazon is the same way more on the value side of the magnificent seven trade. liz: that said this violent rotation as you put it from large-cap to small-cap over the past couple weeks, does that continue in what is a continuation look like it's not just a straight line. >> i generally don't like violence.

to me it's a little too far too fast i think we will consolidate a little bit what we think now between the end of the year if you look at everything driving the rotation it keeps going the large-cap growth stocks are way over owned and you have interest-rate entering a rate cutting cycle and we think we looking at 200 basis points of cuts over the next 2 - 3 years, that probably starts in september that favors the small-cap, the growth differential gets smaller and smaller in reverse and small-cap's favor by next year. i think what's driving the trade forges ahead. liz: now you go to what you like within the small ordinate caps and at some of the regionals. >> we like the regional banks, they have been left for dead and heavily reserved against potential problems which everyone knows about in the news of the margin with less worse in the case.

given the evaluation levels you can probably still see money flowing into the stocks. the k re: hitting a high not seen since before the regional bank prices which is march of 2023. if you kinda look back and you see with the k re: is doing today that's a pretty significant moment. >> is a breakout moment if you will and most of the markets way through those levels, there is a lot of ketchup trade left ear. interest rates are finally going to be helping them not hurting them. let's get interest-rate, we have to look at the ten year yield, the two year yield and these are well-off, let's say three month highs, i was looking back at the two-year, was at the two year yield may 1 it hit 5%. look where it is now. >> received a big move, people are looking, these are the

reasons we made the call the rotation people are going to stop talking about how many cuts this year, we only got five months left in the year and start talking about how many cuts the cycle. the of the short-term interest in the fed funds rate of five and a quarter, yup inflation stabilizing below two would have and that said fund should be three, that the couple hundred basis points. liz: this is breaking news headlines $540 billion in the fourth quarter, that's extending the losses in treasury yields and there's a lot of demand for safe assets it's pretty uncertain right now. >> the tenure look better for .8% that it does right now. >> i don't know how much upside we got the ten year yield we think it fades out around four but the short-term rate is were you going to see a move that helps a lot of the small-cap

assets. >> steve off a federated hermes who sat here in march of 2020 just as the pandemic hit and said this is the time to ladder into stocks as everything was stinking and that's a great call. >> that was a scary moment. >> you stuck with it and you stuck with us in gay people great advice, that was a really rare low for the markets. thank you so much, call it the star power surge ryan reynolds in hugh jackman backing up records at the box office as wolverine power disney stock higher, details on the superhero smashing success straight ahead come if you can't join us tomorrow since your dvr for a pair of business tightens on "the claman countdown" tomorrow we will be joined by sophia ceo anthony noto and legendary stanford economics professor john taylor, what is taylor going to say i'm dying to hear that, tomorrow at 3:00 p.m. eastern on fox business, the dow jones industrials down about 13

points in endured lows of 200 points today and a high of 93, who knows where this is going, you have to stay with us. ♪ chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- 'sor do you cashback? chase. make more of what's yours.

energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels.

liz: the dow just lost during the commercial break we're going to re-amend we will be re-amending are unchanged line crossing for the dow which earlier stood at 135 times, fox business alert who needs a disney process when you have a hairy mammoth in the scarred antihero that breaks the fourth wall in there marveling over the power, deadpool them wolverine over disney shares the movie reported the biggest domestic opening of the year, disney

stock rising by about 2.5% after the marvel movie made $205 million in u.s. and canadian ticket sales this opening weekend the movie stars ryan reynolds in hugh jackman and disney's first r-rated marble film and it might not be the last deadpool in rover reading had the strongest opening weekend ever for an r-rated movie. even better than that exorcist back in 73, not the same bubbly reception to heineken's earnings report, investors are dumping shares into the river right now after the dutch beer brewing company reported a profit missed for the first half. another reason shares are down 10% heineken booked $1 billion impairment on a chinese investment the bruce at the value of the stake in china resources had declined due to economic and certainty in the country investors are dumping rival brewers on the heineken mass as well you have the

company down 1.7% anheuser-busch down 2% boston beer down 2.5%, shares of arm holdings getting strong-armed by the beers at this hour ahead of the chip desires earning report on wednesday hsbc cut the rating on the stock to reduce from hold citing an elevated valuation for pes at 89 and also concerns of a slowdown in the android smartphone market which arm really has a lock on they did bump the price target on arm to $105 a share from 100 but that still indicates the stock which is down to $140.92 is still have the painful road downhill. be watching for that and see if it comes to pass. medical equipment maker defying gravity at this hour almost at the top of the s&p 500. i think one person away and tesla at the top where brevity

up 8.6%, shares of the company formerly known as perkinelmer are the second biggest gain on the s&p 500 after the company raised the annual profit forecast gravity that makes more than half of the sales outside of the u.s. saw better-than-expected demand for the diagnostic products. with just 99 days until election day battleground state polls between kamala harris and former president donald trump could not be any closer. our all-star political panel is here next on what each candidate needs to do to improve the one issue voters in all the states say his agenda number one item the economy. later for years tiktok was rumored to be upfront from the chinese government to secretly spying on americans views regarding political hot button issues from abortion to gun control and religion. wait until you hear what the department of justice is now saying about tiktok that is straight ahead on "the claman

countdown", the dow jones industrial has now crossed the unchained line 153 times the session alone, this is getting better and better and if we win, we get to tell you how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪stand back i'm going to show ya,♪ ♪how doug and limu roll, yeah!♪ ♪ ♪you know you got to live it,♪ ♪ ♪if you want to win...♪ [bump] time out! only pay for what you need. ♪liberty, liberty,♪ ♪liberty, liberty.♪

it's payback time. all these years, you've worked hard. you fixed it. you looked after it. maybe it's time for your home to start taking care of you. we've invested in our home, we've worked on it, we had a whole lot of equity just sitting there, you paid down the mortgage, invested in your home. i guess, you could say, your home owes you. if you're 62 or older and own your home, learn how you could access a portion of your home equity to give you cash. a reverse mortgage can put more money in your pocket by

eliminating your monthly mortgage payments, paying off higher-interest credit cards, and covering medical costs. look, finance of america can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash for almost anything you might need just eliminating the mortgage payment freed up a lot of cash for us i get to do what i want when i want finance of america customers talked about the counseling they got along the way so they know how a reverse mortgage works, and how their home could help pay them back when they need it the most. i have no more worries anymore the fact that we're still in this home, means so much. it's done everything for us that we hope it would do for us. call now to receive your free no-obligation info kit. the kit shows you how to get you the cash you need using your home's equity with a reverse mortgage. find out how your home can start taking care of you.

call this number. the worry every single month to make that payment was gone our customers' homes are taking care of them. maybe, your home could do the same for you. call finance of america, the country's #1 reverse mortgage lender and get your free info kit. call this number. with dexcom g7, managing your diabetes just got easier. so, what's your glucose number right now? good thing you don't need a fingerstick. how's all that food affect your glucose? oh, the answers on your phone. what if you're heading low at night? wow, it can alert you?! and you can even track your goals. manage your diabetes with confidence with dexcom g7. the most accurate cgm. learn more at dexcom.com. (grandpa vo) i'm the richest guy in the world.

hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts. >> 99 days away from the presidential election and democratic donors are ripping up with their wallets to support

vice president, but here is in your bid to defeat donald trump, here is has racked up $200 million in the first week of the campaign, the newest fox news poll that were getting a battleground state have voters tying harris and trump in michigan and pennsylvania with 49% of registered voters for harris 49% for trump, trump leads by one in wisconsin while harris has a six-point advantage of minnesota, the academy by a wide margin still takes the cake as the biggest issue for voters in the four states trump has been clear he wants to further cut corporate taxes make tips for waiters and waitresses tax-free and while harris has said building of the middle class and cutting child healthcare costs would be defining goals of the presidency and neither candidate has gone much deeper than broad strokes so far. a fair and balanced discussion to clarify things with the hill editor-in-chief bob cusack in the fox news contributor jess

qatar loss, let's start with you, kamala harris has to not just separate herself and differentiate from donald trump shift to differentiate from the shadow of joe biden is she doing that yet? >> it's only been a week she's done an incredible amount in the seven days of this is been going on in the overnight decided that he was going to be stepping aside and he wanted to endorse her, i think she had a productive week and made it really clear she's not stepping away from his record were hugely prolabor that is something massive to the campaign and in terms of economic when using the swing state tightening it is a huge deal what goes on in nevada, wisconsin michigan, pennsylvania. she's already given speeches in

wisconsin, texas, indiana, not once has she mentioned the word inflation some interpret that to be that she is not owning it considering how inflation has ranked up under joe biden but also did she not acknowledge the pain that americans are feeling. >> i did not notice that she mentioned the word, there was definitely, i was insane it wasn't sure but i didn't know that was part of it i know it's not something and she's been pretty close to joe biden and you are seeing on the polling as well and especially on the academy and it's a place that she has the most room to grow, what i think she should do is open the inflation issue saying i hear you i feel your pain that was something that was a disappointment for joe biden for

someone who is so personal and people felt so connected that he didn't do a great job doing that. i expect she will be talking about in speaking about in those terms but inflation has cooled down a tremendous amount. >> it's gone from 40 year highs of 9% to about 2.6%. bob cusack i want to bring you into the conversation donald trump is talked about cutting taxes even more, corporate tax down to 20% he kind of threw that out any discussion and now he's talking about extending the tax cuts from 2017 of december which he and gop were able to pass, a lot of people haven't heard yet how he plans to deal with an economy that he says is weak right now. >> certainly extending the tax cuts as part of his solution, the republican platform isn't super detailed and trump kinda likes it that way he does not like to show his cards with his

foreign-policy or on domestic policy but without a doubt taxes will be a huge issue in 2025 no matter who wins. whether that is a divided government or possibly republicans having control of the senate which is likely based on the map in the house favors republicans and of course the white house is a tossup but republicans could have a situation like they did when they created the tax cut, they have control of everything and they can ram something through without any democratic support. liz: both trump and biden spent a fortune but government money and now we have ever ridiculous debt and we also have a deficit that is unbelievable. we don't know how much longer this country can shoulder just servicing the debt. it's almost more than the pentagon spending for the military of the united states.

some people say the democrats have shown no inclination to cut spending. >> i think the fact that the latest republican president was donald trump doesn't help the republican argument because he spent more than joe biden spent. the debt and deficit are good campaign issues for people and they love to hear what they say i want to be fiscally responsible and china's eating or lunch we cannot do this anymore and they go out and vote and everyone's in office and they spend the same way read i don't expect that will change and i don't think that's going to be part of kamala harris platform at least what she's leaving with i think the people want to hear about the programs that they've installed and they've seen the benefits of the american rescue plan and the infrastructure, today there was the mayor of mesa arizona republican came out from kamala harris an talked about all of the infusion of cash that is gone into places like arizona and how much that help them with the chips in science act and just couldn't talk about more

spending. liz: one place donald trump is been able to jump ahead on his bitcoin he was at the national bitcoin conference this weekend and boy did he come out swinging bitcoin earlier was so juiced up across the 70000 mark for the first time in a couple months but it's retreated just a bit we have it at 67499. he was very pro-bitcoin he also said he would fire gary gensler sec chair on day one, who knows obviously that's losing a little bit of punch with the bitcoin price at the moment but where does he break away from her kamala harris presidency. >> in so many ways certainly fans of bitcoin are advent fans, donald trump knows that but at the same time we don't know where harris stands is she going to continue the policies of the biden here's a administration, i think mostly she will but at the same time i think she needs to differentiate herself and

whether you're talking about energy issues, fracking, healthcare, taxes, the corporate tax rate, is she going back to her position of when she ran in 2019/2020 or is she going to embrace biden's policy. >> i have to ask about the vice presidential pick, she has to do it by august 7, who is running out in front. the top story has been reporting this, tim walsh from minnesota, mark kelly from arizona he is a compelling story and we have to run for that seat again in 2026 and i think that disqualifies him, i think josh shapiro is leading the pack but i'm really into tim walsh, i think the way that he speaks about issues that matter the most to americans and everyone's happy dad, grandfather and pretty impressive progressive record of minnesota. >> he also crossed the aisle, jd vance is a pic he's come under

fire for the cat lady comparison with democratic voters and will donald trump stick with them all the way through. >> i think he sticks with him and the speculation is whirling sarah palin had a good bump at the convention and then it went south from there it's not been a good rollout a lot of controversial statements and certainly democrats and beaten them up and just like in 2016 sometime trump thinks i need to pick some videos. >> uas has his finger on the "you're fired" button, jessica bob, great conversation, thank you so much, the human can dream is still out of reach for many of the housing market struggles with high prices, high mortgage rates and low inventory, meredith whitney the woman who called the 2008 subprime mortgage crisis joins us next to tellis where she sees mortgage rates going from here. dave linacre never thought

flipping houses would lead to a global real estate powerhouse, how did the college dropout who grew up on a farm in indiana launch one of the well-known brands in the real estate industry after exiting the air force the re/max founder explains brick by brick house he did it in my brand-new episode of everyone talks to lose podcasts it is available right now you can get on apple, google, spotify and iheartradio, the dow is up a measly three-point on the intraday crossing of the flatline we are coming right back.

nice to meet ya. my name is david. i've been a pharmacist for 44 years. when i have customers come in and ask for something for memory, i recommend prevagen. number one, because it's safe and effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me."

makes my day. prevagen. at stores everywhere without a prescription. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

from pep in their step to shine in their coats, when people switch their dog's food to the farmer's dog, the effects can seem like magic. but there's no magic involved. (dog bark) it's just smarter, healthier pet food. it's amazing what real food can do.

you know, when i take the bike out like this, all my stresses just melt away. i hear that. this bad boy can fix anything. yep, tough day at work, nice cruise will sort you right out. when i'm riding, i'm not even thinking about my painful cavity. well, you shouldn't ignore that. and every time i get stressed about having to pay my bills, i just hop on the bike, man. oh, come on, man, you got to pay your bills. you don't have to worry about anything when you're protected by america's number-one motorcycle insurer. well, you definitely do. those things aren't related, so... ah, yee! oh, that is a vibrating pain. liz: i'm looking at meta and snap right now moving slightly higher pinterest slightly lower this is one of the main competitors tiktok is under the microscope by the justice department the d.o.j. accusing

tiktok of allowing u.s. employees to send sensitive data to bite dan's engineers in china specifically data on users views of politically sensitive issues like gun control, abortion and religion u.s. government gave tiktok nine months to divest from bite dan's or face a nationwide ban that was back in april we are less than six months away from the deadline let's get to hillary vaughn on capitol hill, this filing can you give us more detail it is alarming. >> it is alarming a lot of people assume the data that tiktok has in their hands is about who they are and where they live but now were learning the day d.o.j. is learning that information could contain private things like your personal beliefs about politically sensitive issues for things like your stance on abortion or gun control or your religion the d.o.j.'s warning that something like that could be weaponize by china, tiktok insist they haven't done anything wrong with your data in

its issue tiktok provides the chinese government the memes to undermine the u.s. national security into printable ways data collection and covid content manipulation china's long-term strategy involves developing and prepositioning assets that can deploy opportune moments, the u.s. is not required to wait until all its foreign adversary takes detriment to action to responding for such a threat. in the arguing is violating the speech by trying to block tiktok make them divest saying nothing in this brief changes the fact that the constitution is on our side the government has ever put forth proof of the claims when they take the unprecedented step of hiding behind secret information and that information is because some of the d.o.j.'s brief had to be blacked out because the government concerns are so top-secret they could not tell tiktok about what they know

the d.o.j. said the fact that tiktok dismisses the idea of divestment outright is because the chinese control parent company won't allow it proving it has a clause in tiktok that something that tiktok ceo did not deny when i given several opportunities to. >> and you say 100% certainty that the chinese government does not have any influence over tiktok, does the chinese government have influence over tiktok, yes or no. >> and you promised the american people that the chinese government does not have influence over tiktok. >> oral arguments begin in this case in september and if the court upholds the law then tiktok is going to be faced with the choice in the new year either sell the company to an american company or face a ban in the u.s. liz: is turning out to be a little bit of a political football in this race for the

presidency, we will be watching it, thank you very much u.s. government bond yields are extending their fall after the treasury department announced it expects to borrow $740 billion in the third quarter that is less than what had been predicted in april, right now we have the ten year yield of 4.17% down 2.3 basis points it was already falling for the third day in a row before this headline came out in the last 20 minutes that we first brought you at the top of the show the inflation number that we got last week the pce for the month of june that is the favorite inflation gauge for the federal reserve, that was pretty calm and we are falling economic growth for rate cuts mortgage rates, tend to attract the ten year yield have not followed suit yet and the thirty-year was 6.81% a year ago, 12 months

later we are roughly in the same place 6.78% meredith whitney maiden name predicting the 2008 subprime mortgage crisis and has a view on how much the fed needs to cut to bring down mortgage rates she joins us now in a fox business exclusive, founder and ceo of meredith whitney advisory group people have been waiting so long to see mortgage rates come down, why haven't they it's all talk no action when they see the action by the fed and that's when the feds rates will come down. >> it's a question how much you have to come down to be affordable mortgage rates gone up through to 70 basis points since 2000 and just pay principal and interest as more than doubled in the qualifying income for first-time homeowner has gone up dramatically today is stan's over 90000 in the 61%

higher than the median income in the first time buying is out of reach, just servicing the same size mortgage if you get a new mortgage is out of reach theirs mortgage law where people are moving because if they get a smaller house unless they buy the smaller house in cash which a lot of people are you got the highest cash purchase rate over ten years and if you need a mortgage you're really boxed out of the market and rates could come down it's good to take the fed lower rates dramatically and 7500 basis points and were not together with 50 basis points from a hundred% chance in september the fed funds future show they will cut rates by a teeny quarter of 8% you're saying has to be more than that four times that.

in the meantime and the first time in over 15 years consumers are struggling and there tapping the equity in their homes for the first time in 15 years, that was the one loan category other than credit cards that grew in the second quarter for banks and elected this for 15 years like wells fargo and j.p. morgan have completely pulled out of the market that's been a big drag on growth of the market. like bank of america and u.s. bancorp in pnc, those actually grew you can see people need access liquidity, home depot even said in the last quarterly call that business was slow and

$30 trillion of equity in their homes. that's a lifeline for the u.s. economy and what are the administrations in the white house is going to be an aggressive look at rocket mortgage. for the rocket this year and not because of the first mortgage activity but the second mortgage activity the home equity product speed when you look at the mortgage lenders and the potential for a second mortgage of fannie mae, freddie. >> , wouldn't that start to stir up the very issues that got us into trouble for your financial part crisis as sub prime mortgage disaster. >> i'm glad you brought that up this was a proposal that came out of hfa, this would've been a huge boom with the current administration, it would've

pumped estimates are truly untrue trillion dollars, not all at once but a training dollars money into the system and tapping into their home equity and through lower rates provided by freddie. >> and pumped attending money into the economy, that would use the economy is clearly slowing and that was road but barely in favor of freddie. >> having these abilities to buy mortgages and what they could about is a trillion in what the author raises 2.5 billion so peanuts. it was a partisan issue in republicans blocked it and for legitimate reasons, fannie and freddie are not as well-capitalized by a mile if they need to be but they can recapitalize them, what's going to happen the administration is going to relax the capital standards for the banks holding

mortgages and achieve the same thing that freddie and fannie can do but do it to the banks, the chorus from the bank second quarter earnings that loan growth was dismal there were struggling with any loan growth could come in with higher yield in home equity loans. liz: i will tell you people watching they want a 4% they would even take a 5% mortgage rate for the 30 year fixed and you say it'll take quite some time will have you back. >> former president donald trump making waves at the nashville bitcoin conference including doubling appointed threat securities and exchange commission chair and perceived gary gensler, what was the threat and doesn't hold a lot of weight charlie breaks it next on "the claman countdown", the dow up a little bit more comfortably from the flatline, 31 points to

the upside. things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. . .

harlem has everything. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card

from chase for business.

>> on day one, i will fire gary gensler. i will appoint a new sec chairman who believes america should build the future, not

block the future which is what they're doing. liz: there you have it. former president donald trump clearly threatening the securities & exchange commission chairman about his job while appearing at the world's largest cryptocurrency convention on saturday. crypto fanatics largely blame gary gensler for holding back the growth of digital assets during his term in office. bitcoin earlier was up above 70,000. it is moderated a bit it is now 67,375. ethereum holding on to gains of 1% to 3308. charlie gasparino on the former president's appeal to crypto fan. >> don't you like how he cause him gensler? liz: gensler. very new york. >> on day one i will fire gary gensler! liz: same accent. >> that sounds like him, right? , point out to the viewer, day

one gary gensler will probably quit because he doesn't want to work for donald trump. he coin fire him if he didn't quit, a supreme court ruling said you can get rid of certain administrators. hard for the president to fire the fed chair. you can. there are ways doing it but it is hard. sec chair not to hard. it is not like it is a huge lift to firing gary gensler. i can't imagine him being around. that being said, gensler has become a lightning rod clearly for, the republican party. doesn't have a lot of friends in congress on the republican side but right now among increasingly among democrats and you know, you can see it in some of the commentary from people like mark cuban who is a you know, wall street democrat. anthony scaramucci used to be republican now a democrat, involved in crypto they are -- liz: he is still a republican -- >> but he is a never-trumper. liz: he is against donald trump.

>> i don't know. some of his -- liz: he is very big own crypto. >> some of his rhetoric sounds much more left these days but in any event there is this, there is a lot of, now the sec is an independent agency, okay, just so you know. gary against letter does report to the president. appointed by the president, always been quasi-independent. from what i understand there is pressure on the sec to maybe back off, keep a lower profile for gensler not to go out there on a him particularly on crypto stuff right now. if youd inned he approved the ethereum etf. liz: much more quickly than the bitcoin etf. >> more quickly than he thought. his past statements that etherium might be a security, right, so. we understand, a lot of this is politics, you know the democrats now are trying to court the crypto vote. they think that trump is making huge inroads. it is 50 million crypto holders. liz: they're way late. >> they're way late. liz: democrats are way late on

this if that is what they want to do. >> i agree with you 100%. why you're hearing a lot less from gary gensler lately. i think what you will see between now and november is pretty safe cases. andrew left case for the short selling. if there is one thing that has bipartisan appeal in corporate america buy-in, people just don't like short sellers. i'm not saying i agree with that. liz: they're healthy for the market. >> i agree. corporate america is constantly complaining to their trade groups, their lobby groups to put pressure on congress do something about short selling. along with the indictment, it was a u.s. attorney in california indicted andrew left for alleged abuses long and short. it was market manipulation. we did a whole segment on that last week. i think the case is wonting for

a lot of reasons but i don't have time to get into that right now. that is a pretty easy case, both sides of the aisle hear from corporate lobbyists. that is what i will hear right now. gary gensler has become with a certain segment of the population, of the voting public a huge liability for the democrats and what you're hearing is from members of, certain members of congress, can see it in tweets from ritchie torres, the congressman from new york who is big into crypto, much more of a moderate you know, they think that he is too much of a lightning rod. that he has invited this sort of criticism and this crypto vote, they think could be, could be some there there. i just don't know how many crypto voters there are in michigan, wisconsin, pennsylvania, that is really where -- but that's the calculus right now. liz: you just don't know. >> those battleground states i mentioned by the way. liz: the democrats would arguably say we'll get to the bitcoin voting bloc after we

deal with the women voting bloc which obviously right now is, really having some questions about both sides but more so donald trump. >> well, after jd's comments from three years ago. by the way, i will not get into it. liz: it is all politics. >> if they have gone back to you three years ago, or me, imagine -- although -- liz: two years ago. >> we get paid to the bloviate, don't we? liz: thank you very much, charlie gasparino. dow action, we want to show you here it is suggesting a lot of uncertainty ahead of the two-day fed meeting which kicks off tomorrow. it has now crossed the unchanged line 193 times today, about 60 times in just this hour. the nasdaq and s&p are both higher. both on their way to a three session winning streak. right now it also unveiling right in front of us this huge week for tech earnings.

four companies out of the seven sever are on deck to report this week, microsoft, meta, amazon and apple, but what other names should investors be piling into? because you know, there are so many others that have suddenly started to take off. let's bring in our "countdown" closer matson money founder, mark matson. mark, a very busy week for earnings and earnings are expected to be significantly higher year-over-year. revenues slightly higher year-over-year, 4% for the s&p. what are you expecting here and is it time to look beyond ahead of these earnings, big tech names, steve auth of federated hermes said you know what it will be hard to meet expectations? >> well, you know my main message to investors today is take the win. look most investors are heavily weighted not just only in the s&p but in these big tech companies, all the ones you just mentioned. that is a very, very dangerous move f you have knows gains right now, capital gains rate is

20% tax. there is talk by vice president harris to make that 40%. i mean imagine, 20 to 40% if she wins. in addition to that, you're looking attacks with, corporate taxes going from 20 to potentially 35%. that is what she wants, if she got that we would be the highest taxed corporate state in the world country in the world. so take some of those big wins that you have in these large companies and diversify buying smaller and small value companies. there is over 8,000 stocks you can buy on the u.s. market, not just seven. liz: you say u.s. steel and a harley-davidson, hog and x, are the ticker symbols. [closing bell rings] mark, always a pleasure to have you right up to the closing bell. we have a mixed picture here. s&p looks to gain two points nasdaq up five. no major