and not only anti-american, it's always doomed to fail and scheme and gim gimmicks and high taxesd regulations and government. big government wallowing in and getting involved in housing and hearing a lot alaska the harris platform. i'd say take a lesson from housing projects infamous in chicago and tay did exist and built in 1942 and extended through '62 and fanfare when they went up and became a nightmare. ironically, the same folks that said government housing is the answer. that wasn't it at all. housing projects in general are disastrous and anyone voting for government housing is just voting to keep cheryl: congressman children in poverty, children's children in poverty, bad health, violence and say no to government and big capitalism and individual achievement. meanwhile liz claman, a bad bond option and good rally fading and

last hour of trading. you're here to guide us. liz: immasked doodling. ketanji -- i'm skedaddling and exit stage left. now investors getting whiplash after tuesday recover from monday pileup and now rubber necking continues and there's a lot of red. major average getting gains and falling to session lows and dow up 480 and right now it's reversed and lost 211 and close to 600 point swing and nasdaq up 90 points earlier and sorry, that's s&p. nasdaq was gaining 342 points and look at it now. a loss of 126. these numbers are moving so quickly. an auction of 10-year treasuries and kind of a dud.

$42 billion worth and there was weak demands so you see the price of treasuries is going down and the yield is popping seven basis points so it's a pretty significant move here. now go back to the markets because week to date, this encompasses all the drama that investors have been through and you see it the moment the dow is still basically around what it saw monday, which was a loss of 1,033 total and can't seem to recover and we look at s&p, it's been even more of a ways to go before it can erase the 3% battering it took 48 hours ago. bring up apple because it's one of the bunch of tech names holding onto gains right now. t up about two-thirds of a percent and it had been right at top of leader board for the blue

ships earlier and proctor & gamble and coca-cola and names like apple and cisco and for sure throw verizon in there and salesforce. tech is at least trying to come back. but those games don't even come close to the moon shot in fort net shares and the reason we're showing fortnet and spike of 28% in the stock is because the cybersecurity company hiked a full year revenue forecast. it is at the very top of the s&p. when you talk about revenue forecast on earnings, that brings us to disney's earnings. the stock's dismal reaction and shares are selling off down 3.6% and we're at lows of the session here. even though it's its streaming business posted a profit. what's wrong with mickey, mandalorian and monorail? he's one of the top names coming to the stock? what about the three problems?

one is the only true problem child. he'll tell you which one. speaking of problem children, ai server darling super microcomputer getting shunned and stock is down about 19% and earnings miss and shrinking margin worries are swapping a hike in current revenue guidance for the quarter. 10 for 1 stock split and seeing people pile in when you see that kind of response but the loss today means super micro-no loppinger the best performing s&p stock this year. still up 76% and nvidia sliding back into the top spot and it's up 103% year-to-date. now, if some or all of the moves including wild vic spike monday and fender benders in the rear-view mirror, what's the best way to proceed?

jeff, what do you do if you woke up and saw the second week of gains and this afternoon seeing the car go off the tracks? >> well, liz, i was having a very hard time being happy about the rebound yesterday because there's so many underlying problems beginning to bubble to the surface and what happened in japan with the there's something underlying these market declines and there's a credit crisis in the making and doing it tentatively knowing there's something on the horizon that is going to take us down another notch. liz: how do you feel about t chad? looking at selloff on monday but

the positives of it, which bring valuation as bit closer down to earth. are you comfortable with that? diverseification matters and bonds got a great bit on monday and helps to buffer in times of uncertainty like this and looking for a opportunity to trim positions and add to others and this is a little bit of reset for us. liz: were you smart enough to turn positions when buffet trimmed over the past couple of weeks with app and will incredible runup? >> interestingly enough, our risk controls how we build our portfolios automatically underweight some of the bigger names and bigger positions, and that created a bit of lag in performance obviously, but some of the more recent market activity has been to our benefit. liz: you're less the trader. jeff, you have that trader dna within you because oh, man, all the years you spent on wall

street as one of the guys on the floor going buy, sell, buy, sell on really dramatic days like on monday. today you bought lamb research and tesla and smci, which is just swooning at this hour. it's a great ai data center company so when the reaction is looked at it, why that one? >> there's a lot of players and nvidia check cpu, gpu being delayed, that's a concern but there is still this pent up demand in the cooling systems, and i just said when this stock falls under $500 a share after it was up around 1200 and falls under $500 a share, that's the time to jump in. liz: this second 501. did you catch the 500?

>> yeah, i shouldn't do that and wish that part would just go away. i still have that element of trying to catch -- when people tend to buy, the momentum on the upside tends to be exaggerated and same on the downside and this is not for the faint of heart. this is for people that want to be in a stock that has future. ai, memory, there is unlimited potential in the future, but the hype was too much. i had said over a month ago that there was going to be a pullback. we're having it now and i wouldn't put an entire position on liz: you have to have a strong somage and not be faint of heart. what to you like right now, chad? >> we're take ago barbell spot

and saying technology has a place in the portfolios and that's the growth engine. we don't think technology will take a step back. but then we're looking at things that maybe are possibly derivatives of the ai boom. like aes and sherwin williams or coca-cola, which was on the board. those are types of names we like to add to portfolios, particularly in times of volatility buzz there's a dividend component. >> and the home sales are so low so maybe the longer you say in the home, maybe the dining room needs a fresh coat of paint. liz: airbnb summer vacation getting spoiled and short term home rental stock sinking to the

bottom of the nasdaq. what has investors turning over their keys? we'll tell you in just a moment. which presidential candidate will be best for the weed industry? irwin simon ceo of cannabis leader closely watching the candidates and he's coming up in a fox business exclusive and then post-disney earnings top media analyst rich green field breaking down why they're coming right back. the dow down 152 and nasdaq losing 56 and s&p down 12. ♪ when the sawdust settles and the engine roars the thing you care about is a job well done. but when you get your tools from harbor freight

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from peek to trough. right now the dow down 152. fox business alert, how sweet it is for investors of abbott labs and med tonic partnering on diabetes tech nothing and med -- technology and partnering on the abbott glucose monitoring system and medtonics and insulin delivery and pen. waiting on timing of the commercial availability and financial partnership and very good news for those who have diabetes. both shares moving higher. abbott tech integrated with other pest like inspire hope let, dexcom and tandem lower by 12%. nnovonordisk and worried about

increasing competition of the likes of eli lilly and lily down 3.25 and novo down 7.75%. battle of weight loss drugs. heavy lifting for investors of lyft. stock down despite unexpected second quarter profit. lyft issued disappointed third quarter revenue and booking guidance and airbnb and investors are checking out of the stock at this hour after home sharing company issued weaker than expected revenue for the third quarter and stock selling off down 14.15% and airbnb is seeing weakness in longer lead times for bookings that are months out. wisconsin at the very center of the political universe at this

hour. both the trump and harris campaigns colliding in the badger statement we'll tick you live to oak claire for a look at head-to-head events in the key battleground state. and another midwestern state swinging its doors open in the past 24 hours to weed dispensaries. we'll tell you where and ask the ceo which presidential ticket would be the best for his weed and beverage business and perhaps the whole sector of candice. cannabis. it's a fox business exclusive and we're coming right back. ♪

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liz: wisconsin the epicenter of the 2024 presidential race with dualing campaign events between trump and harris tickets. you're looking live at oak claire event district where vice president kamala harris' new running mate, minnesota governor tim walz is speaking to the crowd right now. he and harris, who's about to speak, are holding their second campaign event together. and as he speaks there at eau claire event, jd vance just held a competing event at an aviation ground equipment maker in eau claire. the race in wisconsin is super tight and a new market law

criminal released that trump is leading harris by one point in the state and yesterday another poll shows harry leading trump 51-48 nationally in the margin of error. madison alworth is live in the eau claire ethic quarters. reporter: yeah, liz. the event ran a bit late and we're still inside, which is great news and might see a bit of breaking down happening. 24 was a very active event and eau claire saw a ton of action and the regional airport was very busy and 123459 torr jd vance touched down after harris' plane was on the runway and he walked over. take a listen to what he said to press after checking out the plane. >> i just want to check out my future plane but i wanted to say hello to the vice president and ask why kamala harris refuses to

answer questions for the media. reporter: harris has not taken any interviews since being named the presumptive nominee and no plans to take questions from the media today and focusing on speeching and highlighting things like the economy and despite the criticism from republicans. >> we build a economy where everyone american has a chance to build a home and build wealth. reporter: this state is very much many play. the latest fox news parangings show out of the most competitive states, wisconsin is very much a toss up. issues who are that matter a lot are manufacturing, hence holding manufacturing state and issues like healthcare and addiction problems so both campaigns making argument to voters here hoping to circuit court those

soaks in november. liz. liz: madison alworth, thank you varicose veins much. 24 states and washington dc legalized the use of cannabis and yesterday ohio opened doors to reck national sales of marijuana. ohio division of cannabis control announced 98 medical dispensaries have now received sir t certificate to operation store fr fronts and another winr the industry and awaiting legalized nation salvation and bring in irwin simon and he's here in a fox business exclusive. how closely are you watching this race? >> i'm watching this like my heart beat beats. it is so important touchdown pass america what happens here and, liz, everywhere i go the first discussion comes up, who

will be the next president of the united states and i look at it from four different perspectives. as a business person, what's the right person forrous to lead us through where the economy s inflation, interest rates. being jewish, who's right for israel and what's happening right now in the middle east. and that is something very important. what's for america? who do you want representing you in america today and last but not least what you said before, who's right for the c cannabis industry because we need reform and with that we thought biden and harris would originally do that but nothing's happened and we need reform of the industry. as you said earlally, 27 states for recreational and 33 or 34 for medical and that's over 70% of the american population want cannabis legalized in the country. someone has to do something about it and the next president and vice president ultimately gets the win to do something

because merri bowls with the it legalized. liz: let me pinpoint you here. which donald trump was running back in 2016, he favored leaving legalization to the states but as president, he upheld federal prohibition of marijuana and does not like it. as a prosecutor, kamala harris advocated for de-criminalizing it but also -- as a prosecutor, she arrested people and put them in jail for it but now east sense of aloha indianapolis kind of e involve involved and dade we should decontrollize it. in may of last year, tim walz signed a legalization bill into law and it's legal in minnesota. trump's running mate jd vance indicated he's against incarcerating people arrested for low level possession. i think he put it as dime bags but he votes against the bipartisan safe banking act, which would have enabled manmanagers ands and you buys to

bank in state where is it's legalized. who will be better for the pot business? >> walz legalized in state of minnesota, minneapolis. come back and look at harris, absolutely as a prosecutor, i think she realized the mistake she made in regards to it prosecuting. in regards to small crimes with cannabis. very much both would be in favor of it. from that standpoint, i think the democratic ticket would be right for cannabis. but the other good news is americans will out oat and vote if they're lucky we have three ranches, president, senate and congress. i'm very excite that had we will get in the house, in the senate, as president, two or three

different parties but i don't think you'll have a sweep of one party that's true. liz: if you leave the decision to the state, that's a focused point people are watching and what have you done as you wait for all of this and that is morph your company into a beverage company and you've had incredible success. r your earns last week: this should be a harvard business and case study in my opinion. you've done incredibly well and added so many bolt ons with bridge and ridge facility, shock top and sigh darling stone and

now you're this beverage company competing with consolation grands and other names. tell me about it. >> listen, when i took this company over, we were $50 million business in late 2018, 2019. i had the vision bacterin and just think alaska t i was concerned that legalization would never happen in the went out and said how are we going to diversify this? a long came something called covid. we're a $50 million business. this year we gave guidance to $950 to $1 billion to sales and we're diversified and largest reck national cannabis company in canada today. in the u.s. we cannot sell cannabis and fifth largest craft

brewer and selling close to 13 million cases of beer. in 2020, we sold two million daises of beer and selling breckenridge bourbon and vodka and gin then manitoba harvest. coming to europe, where c cannas now is legal in almost 20 countries from a medical standpoint, there's a $50 million plus business there and a medical distribution business. thank god with took this company in a diversified area and we diversified and didn't sit back and wait for cannabis to become legal in the u.s. and we'll have challenges out here today. liz, you said t our sales are up in the mid 830s% and paid down almost 700 balance in debt and 1.7 times sheet from a leverage standpoint. liz: you're now a 1.255 billion company from the 50 million

taking over. we'll continue to watch and can't wait to be reflected in the stock, irwin. please come back. >> i am the same. same thing. reflected in the stock but going to be exciting to watch this election, liz. i'm as close as close can be. liz: irwin, thank you very much. irwin simon. kamala harris walked out on stage in eau claire and we'll see where he lands with just # the 90 days left. mouse house turning inside out as disney's movie business getting back on track. hidden rocks below the streaming business waters or smuggling else because the stock is not doing well. light show investor is here and whether the business should get animated. barstool sports, erika ayers with a pop culture blog hand printed into a global digital

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total anxiety. this after the fact that disney posted a top and bottom line beat and even for thrilling, disney's combined streaming businesses turned a profit for the first time and earl jerkins than expected but if you -- earlier than expected. the stock at $86.12. very close to session lows and losing 4.25% right now and this on your screen is a 10 year chart. the price today is exactly the same as it was a decade ago. breaking that down is rich greenfield i'm looking at this saying x dividends is not exciting. what's the problem with the earnings report? >> investors are increasingly concerned about the health of the theme parks and disney reported just a few months ago, they indicate that had q4 would see a double digit, you know,

after a flat qb a double digit growth in theme park profitability. they missed the flat q3 and september-quarter and year end and 5% decline and over 10% growth to a 5% decline in 90 days and disney theme parks hold ago lot of visibility and holding a lot and the severity of the dropoff in 90 days has really set off concern. people were concerned heading into earnings and stock is down a lot from what is the excitement and activists and all that when the stock surged and stock has been done a lot on fears, growing fears around the theme park business. the the tone that disney took and speed the estimates got revies vised for theme parks really scared people and every

novice torr we talked to -- investor we talked to, if you bought this stock, you bought it because you wanted to own the theme park business and it's getting worse, fast. liz: yeah, and also coincides with a more cautious consumer contraindication for cerumen removal right, rich? consumer; right, rich? >> 100%, liz. liz: the price is crazy. >> if you think about disney, four things going on at the parks. one, there was without a doubt for them universal talked about the same thing. some degree of covid pull forward. everyone excited post-covid and went on vacation after being locked up and no doubt that helped. thin not a lot of major attractions opened up at disney over the ye years and a bit of staleness and major new park opening in universal in mid 2025 to late and some are waiting and overall weakness of the consumer you've seen out of every airline you've reported on, liz, on fox

business. every airline is warning of slow downs. liz: yeah, cutting capacity. but the good part, give credit where credit is due and streaming turn profitable and in the aggregate from espn and espn+ and disney+ and hulu and combos they have. if you're talking about streaming and opportunities there, how excited should investors be that they posted a profit earlier than expected in >> it's great to get to profitability but investors would prefer to see profitability because there's so much engagement and consumers are loving it and subscribers are ripping higher and driven by the growth and subscribers and enthusiasm for the service and being driven by jacking the price and cutting back on programming spend and marketing spend and so one of the fears is

they've got this thing to break evennish and not growing the way it was a couple of years ago. where does it -- can this be a meaningful, multibillion profit contributor? that's what investors like -- it's really sort of -- it's good news but it's really not what people would like to see and real confidence this could be a multibillion positive contributor over the next few years. we're not there yet. liz: talking about streaming exhaustion or just fatigue with all of these streaming bundles. most people are very, very tired about it and they're widowing it down. i got to get to warner bros discovery and 18 minutes from reporting quarterly numbers. what are you expecting there? this nba deal they lost out on and now they're suing the nba or plan to, this looks very strange to me. while the stock is up 3%, it's below $8 a share.

>> i think every investor is going to be listening and we're listening for today, is warner bros better off? we thought they were better off financially without the nba, but yet they're suing the nba. a lot of investors are worried and the lawsuit talks about it if you read the lawsuit, which we did, liz, it talks about it being irreplaceable programming with irreparable harm by losing it. the question really just is how will they navigate it? better off without the nba and investors shouldn't be worried and it's aigrette buying opportunity or is losing the nba very problematic to their long temporal integration existence and they're going to faze real pressure and you should be shorting the stock or selling the stock here. i think we're all going to be looking to david zaslav, the ceo of warner bros discovery and how he plays his hand in dealing with this event that happened over the course of the next few weeks. liz: he's making more than $40 million a year in the pay

package. how long does something like that last, rich, when the performance is very sketchy? >> look, liz, we've been talking about compensation for the media sector broadly for decades and across the entire industry, this is not a warner bros discovery issue. across this entire industry, there's been a real disconnect between what executives are paid and performance. this is a very challenged sector. there's no bright spots and we were just talking about challenges disney had back to where it was ten years ago. warner bros discovery has fallen down dramatically. this whole sector is retrocochlear i un-inspiring from an investor spanned point. they should be looking at spotify and netflix and reddit and that's where they can make money. i mean, reddit is down sharply today. there's ways of making money. i don't think there's a lot of hope right now in traditional media to make money. liz: rich, we will see exactly what happens in now 15 minutes

for warner bros discovery. right now disney is hitting session lows at the moment so we will be watching all of it. disney has just fallen below $86 a share. thank you so much for joining us. we appreciate it. >> thank you. liz: crypto is now courting promelad and seeing -- courting kamala and charlie gasparino has details on the influence the crypto verse thinks it can have on the kamala harris campaign. it certainly moved donald trump toward shining some light on crypto. charlie breaks it next on the claman countdown. ♪ moving forward with node- positive breast cancer... ...my fear of recurrence could've held me back.

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liz: democratic arm of the cryptocurrency industry is determined not to let former president donald trump run away with the crypto vote this fall. they're launching a new advocacy group crypto for harris, to try to counter the favor trump garnered for the industry, with promises of deregulation and firing of sec chief gary gensler if trump is elected. charlie gasparino has done a lot on this. this is interesting. >> this is interesting. we have white women for harris.

white guys for harris. liz: white dudes. >> white dudes for harris. two white dudes are doing it. anthony scaramucci, never-trumper, skybridge capital. liz: after being a trump per. >> after being a trump per. mark cuban, the crypto billionaire, tech billionaire into crypto. i like both of those guys. they're both good guys. they are vehemently anti-trump. they are creating crypto dudes for harris. liz: town hall. >> doing a town hall next week. i should point out ellie tariq broke the story. it is on foxbusiness.com. you can get all the details. liz: excellent. >> it is interesting. trump is way ahead in terms of the crypto vote. he has been courting them through vivek who was the guy came up with it, vivek ramaswamy. liz: for months. >> for months. he has money coming in from them. there is a pushback now led by

scaramucci and cuban and ro khanna, congressman from silicon valley to try to tap into some of this because there are progressives that hold crypto. although i think they have, they have like such a, they are so behind the eight ball. one of the problems they have with this, one of the absurdities for crypto dudes for harris is that kamala harris's vicar president to president biden. president biden appointed gary gensler, presumeably kamala harris likes gary gensler. liz: never know. >> i don't know. who is, whose political patron is elizabeth warren, who also hates crypto, who is, is vehemently supporting kamala harris. i mean this is, this ain't going nowhere. i don't know how mooch or cuban will have to justify the fact that kamala harris is not going to throw gary gensler under the bus. liz: or maybe they look at it as

she is from california. she understands silicon valley and these new sectors that pop up. maybe she wants to separate herself from joe biden. >> wants to unburden what has been. liz: yeah. >> get it? get it? liz: no. >> [laughter]. i can't help myself today, what is wrong with me today? [laughter] liz: meantime what is wrong with bitcoin. ether is down. >> ro khanna is having another one of his get-togethers. coffee klatschs for crypto, for democrats i think tomorrow. i just don't think any of this is going anywhere. they, the democratic party has been so anti-crypto at the top. liz: kristin gillibrand, the senator from norco sponsored with cynthia lummis. >> she is nowhere to be found, she is nowhere to be found on this. liz: where is she? >> i haven't heard hide nor hair

of her recently. i just think the democratic party dug itself in a hole. listen might not matter. i am still not convinced crypto that the crypto bros will come out in droves for trump. you know, there are five or six battleground states. are there a lot of crypto bros in pennsylvania, michigan. liz: i think we just don't know. >> i think we kind of do know. there's not. liz: i'm not sure, charlie. we don't know exactly where they are mining these things and who is involved. >> crypto is a non-woke crowd. one thing i know from my book, go woke, go broke, one of the ways larry fink tried to unwoke himself attach himself firmly to the unwoke crypto business which is anti-government, alternative currencies. >> he moved the ball. helped himself. >> larry remade his woke image to something different.

i don't know how they're going to do that because kamala harris, kamala harris is, kamala harris is, say her name right, is on the record saying she wants to be everybody should be as woke as they can. go woke, go woke. go woke. liz: again you watch these politicians, i try not to use the term flip-flop, people get involved when they get more information. >> when they need votes. liz: donald trump has also evolved on certain -- >> trump has evolved? liz: on crypto issue. i don't think he was really in love with it before. he certainly went all out against evs. now he says i love evs. >> does he like evs now? liz: apparently got into cyber truck. >> because of elon. i love evs! evs are wonderful! liz: see when charlie leaves the set -- >> elon gave me an ev. and i bought an ev. liz: closing bell ringing in four minutes. >> i'm leaving. >> the markets are set to close

lower. what a difference from earlier today when up until about 1:00 or 2:00 p.m. it was in the green here. we have the dow down 229, the s&p lower by 241. okay, he is gone now. nasdaq down 78, russell is down 28. when the world found out last friday night that warren buffett recently jettisoned half his shares of apple it shocked the stock. so where did those profits go that he made? straight into short-term treasuries. buffett owns more t-bills than the federal reserve does. according to the latest financial report, berkshire hathaway holds 234 billion in short-term investments and t-bills compared with 105 billion in t-bills as the fed owns. his company cash sits there, it's yielding around 5.2%. what does buffett's huge cash holdings say about his outlook on the market? joining me invest net solutions

co-cio dana doerio. he has 375 billion in assets under management. a bit more than warren is holding in t-bills. dana it is less about that and more in my opinion about what we all can learn and maybe follow when it comes to his investing patterns? >> yeah, for sure and obviously he is a little different from all the rest of us because you know, he has been an investor who is also very involved in his investments in a different way than perhaps the retail audience we're speaking to, investors we're catering to via advisors. a different kind, warren buffett is involved inside these investments when he's, he's in an investment he is part of the investment versus the passive investors in the market. but i would say you know, to the extent this is a concern and get to cash, a concern around recession, that sort of you know, leaking into this, you know, there is a lot to be said

around the pullback we had in markets earlier this week and what it says for our, some of the lag effects of policy finally catching up with us a little bit. liz: were you doing any buying on monday which you called a bit of an overreaction? >> yeah, so we will not react within our portfolios to ongoing market volatility. it didn't prevent us from doing trades in portfolios we already had planned. we were careful about it. we were primary doing mutual fund trading in the portfolios that day. so not, something that would be impacted by the minute to minute volatility you saw, the wild gyrations saw you on monday but our trades all went off fine. we're very strategic in nature. so we didn't experience issues with it but in terms of trying to get in, you know, on that day, we weren't trying to make tactical moves based on the volatility. liz: you're still pretty much holding to a decent end for the s&p 500 higher than where it is right now.

what is your call at this moment and do you expect it to change if the fed does drop interest rates? >> yeah. you know i think the, as usual or as we've seen of late the futures markets may be overshooting a little bit on the expectations here. you know, the fed is not there to sort of rescue equity markets. liz: right. >> the put aside there is this expectation but you know, at the end of the day and the fed said it, we're dependent on data, we're not data point dependent. they will not care about one day of market volatility. that one day of market volatility is not surprising given what we've seen in markets this year. we've gotten to the point 60/40 is 97 percentile in valuation. [closing bell rings] liz: got it. great to have you on. there are the bells. s&p and nasdaq go close to session lows at the close. we'll see you tomorr