and thinks that if she gets into office a, somehow harris will have an epiphany or evolve and somehow end up back to these issues. and, of course, if that's the case, i think it's going to mean disastrous economic hardship, obviously more debt for our country and a lot less prosperity for everyone else. i understand goins with these consul ants, they look at the tolls -- polls and see what's popular. for instance, no taxes on tips. these policies sound great on the stump, and listen, they would be groovy in real life, but vp harris has shown us her heart, has shown us her soul on these topics, and there's just no -- i mean, these are internal feelings that she has. she's not going to stop. listen, i don't think she's the man churn -- manchurian candidate. liz: charles, you know what the first collab really was for

cars? charles: which one? liz: citron maas rat city, a my cad got one and, boy -- my dad got one and, boy, it was expensive to run. charles: yeah. how about a car made out of 22 different cars though? that's pretty cool. liz: i'll take it. at this point, thank you very much. [laughter] folks, amazing what a soft inflation report can do to brighten the bulls' day, stocks running at a fast clip, we're mere session highs after a july's read on manufacturing prices slowed more than expected. take a look at the dow jones industrials, gaining 376. high of the session, the 3832 the, so we're almost -- 3832, so we're almost there. the strength in tech stocks has the nasdaq ripping higher by 387 points propelled by the semiconductors. nvidia ya, marvell, both of those are up 6, 5%. and we see that a nvidia's hitting a the 2-week high. arm up 6%, and we've got intel

up 4%. just as a investors demand to know the return on all the a billions many companies have spent ramping up a.i. offerings and buying up all these companies' chips, google is ready to show them. this afternoon google unveiled a suite of new hardware including the pixel 9 pro-foldable phone equipped with a.i. tool gemini, beating apple to the chase. alphabet shares up 1.25%. coming up, the street's most widely followed internet analyst, mark mahaney, is going to teach us how how to calculate roa a i, return on a.i. investment, and which names are best positioned. right now the s&p 500, this 84-point pop more than erases the 160-point loss suffered a week ago monday when sudden panic selling slammed the markets. the massive gain in star bubs is helping to -- starbucks is helping to hoist, shares steam thing higher by more than 22is

1% -- 21% after the aa bankrupt replacement this morning of the ceo with chipotle's ceo brian nichol to. or starbucks' stock had swooned over the last -- past year and activist investors were demanding changes. nichol is known as one of the best operators in the business when it comes to fast casual restaurants, but i with every winner there is a loser, and that would be chipotle. the chain is sliding 6.9% partially because nick if old was such a rock star -- nichol was such a rock star. for now the coo scott boatwright has been tap adds as interim ceos. coming up, a top retail analyst on the guac shock of the day and whether nichol's move can convince cautious consumers to embrace the the $7 latte, and that's just the tall. if you went the grand day, it's more than that. things may be volatile at

chipotle, but the fear gripping the markets has a left the building. the vix is now back down below 19, a far cry from the 65 alevel it peaked at on august 55th. equities full steam ahead, joining me now, goldman sachs' portfolio manager greg duerto and gary kaltbaum. greg, to you first. all of this move here, so much green on the screen. yesterday wasn't a horrific day either. yeah, we did see some losses at least for the dow jones industrials and the russell, but what does this movement tell you about a perhaps the rest of the summer? >> yeah, thanks for having me back, liz. it's been an interesting year, to say the least, and i think as we're getting to the point where the fed is going to cut rates, you're starting to see people play their cards. you're starting to see bets being plaid out, and you're going to see a lot or must have of what we've seen -- a lot more of what we've seen early in the year. small caps have been in a trail

position for the last two years plus, and we do think the resumption of a more even playing field for small caps should be really good for gains like we saw in july. liz: russell up about 1.if 33% right now. gary concern. [laughter] everybody was freak out a week ago monday, and now it appears to be smooth sailing. is it? >> i don't know about a smooth sailing, liz. last week what i would call is a mass massive volatility spike that really washed out sellers, the semiconductors have dropped 282% in a month -- 28%. today's the first day i qualify the market as a having some oomph. the last few days it was kind of like coming back from body blows, and i hope we have more to go. i tell people watch the semiconductors or, they have led both up and down. and finally, they're getting some footing here, so i think there's going to be some more upside to go. but i have to watch very closely if the market flushes out a

recession, i think we're going to go much lower. if it doesn't, i think we're going to be okay. i'm just happy to see we got some upside testing because, i gotta tell you, it was no fun for about a month. liz: i am sure. especially today when you look at a nvidia at 19 19. it was below $1000 greg -- $100 toa week ago monday. let's look at valuations. you mentioned the russell 2000. so there are some names there that are much more appeasing valuations than we see with onlr names. eli lilly, these are big name, 58, forward p if e, uber, 71. tesla, 88. you're looking at the smaller and mid cap names and you're saying what? >> you're starting to see, you know, that a discount really kind of stand out at you, you know, because you're seeing a discount to the larger cap names by, you know, 2 or 3 turns in terms of multiples, a 20% discount off the top. and you see yourself the

earnings growth opportunity in small cap is starting to look much better for 20 that -- 2025. companies are starting to be a little more confident about the longer term look, so you can invest in that longer term earnings duration in small caps at a discount right now comparatively what you've seen as these large caps especially with the big concentration of the mag 7 has drawn things up to the top. liz: your small cap core equity the holdings in the goldman sachs' fund there up about 9% year to date, and we're looking at some of the big names in here. boot, which is boot barn. shake shack, i find that interesting because they have a pe of 141. >> well, if you look out for the next year, that comes down substantially because as you're starting to see the company start to kind of you into its earnings, they spent a little bit more in some new store opening, invested a little bit more many menu. they don't have to to -- liz: but you like that better than, say, a starbucks or or chipotle. >> we do. we think there's a lot more

opportunity ahead than in the past. liz: gary, you were smart to sell your tech stocks around july 11th, i believe, which looked very close toss top or -- close to the top. what are you buying now? >> i'm always looking for the strongest growth names with the best relative strength, and this drop has enabled me to find a few names that are what i call sore thumbs. in the mega-cap names -- [laughter] meta is just much stronger than anything else right now, and if it breaks out of range, i'm going to jump all over it again. i'm up about 40% on the stock this year, i'm not in it right now. and a ma caddo libre, very strong, godaddy, very strong. so these are the names i'm looking for. and on the small caps, i think he's right. just a warning shot, i bought the russell three times this year and stopped out three times, so if i buy it a fourth, run for the hills. but i do believe he's correct,

valuation's much better. my favorite retail, costco, trading at 55 times earnings with 10-15% growth, and i just think that's really expensive, so i am a looking elsewhere and, hopefully, some things will show up on the screen. liz: yeah. hopefully. hope springs eternal, doesn't it? greg, gary, thank you both very much for joining us on the floor show. first, warner brothers-discovery dropped to the fresh all-time low this morning and then suddenly bounced. could it be a new partnership its streaming service, max, just announced? who's this new partner? we will deliver the name and the news when we come back. look at that gain, up about 6%. and you've got to set your dvr if you can't join us tomorrow. we have the ceo of priceline on what's got travelers slowing down their excellent adventures. and niles' management investorment founder dan nice if is going to reveal -- dan niles is going to' veal what he bought and sold last week.

"claman countdown" is continuing right back. the dow is up 378 points. intel, a sore thumb as gary kaltbaum would like to say, is the winner on the dow 30. ♪ ♪ [♪] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. hi, i'm janice and i lost 172 pounds on golo. a friend told me that i was the only one holding me back from being as beautiful on the outside as i am on the inside. once i saw golo was working i felt this rush. golo really works. your memory is an amazing thing,

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liz: fox business alert, now nike has overtaken intel at the very top of the dow. nike with a big gain of 5.2 5% followed by intel, up 4. boeing a gain of 2% and amazon just under 2%. we've got this fox business alert, a u.s. judge has thrown out the lawsuit challenging alaska airlines' plans to buy haiyan airlines. the -- hawaiian airlines. a federal judge said the airline passengers who filed the suit

did not provide substantial evidence the merger could -- would cut roots. alaska airlines says it welcomes the decision. both airlines, we're looking at a mixed bag. hawaiian holdings, the parent of alaska airlines, is -- sorry, the parent of hawaiian airlines, is down 2%, alaska air group up 2.33%. medical device maker baxter international having a difficult day, down 6.5%, the second biggest loser on the s&p, after the company sealed the deal with carlyle group to divest of its kid nebraska care unit for $3.8 billion, kidney care. funding its strategic transformation process. carlyle powering higher on the deal by about 2.5%. it's expected to close by early 2025. let's flip it over to paramount global. shares are moving barely hire after the entertainment giant officially began today to lay off 15%, or 2,000 members, of

its u.s. staff today. the company behind yellowstone is look to reduce cost by $5090f its merger with dade ellison's skydance media. paramount said 900% of the cuts are expected by the end of september -- 90%, and continue through the end of year. the media giant is also closing the coors on para-- the doors on paramount studios this week, moving under the cbs studios' umbrella. investors are driving doordash and warner brothers-discovery higher after the companies announced the first ever streaming benefit for dash pass members in a joint partnership with wb max. doordash's annual membership plan called dash pass will now include max with ads, okay, you've got to watch the ads, at no additional cost. dash pass --

[laughter] who maimed this thing? if dash pass members can upgrade to max's ad-free subscription tier for a discounted rate of $10.99. internet analyst mark mahaney covers doordash, we're going to have him on in a few minutes, but wbd up 5.8%. a little salsa to spice up your cappuccino. a new ceo announcement giving the stock a caffeine jolt so strong, it's now reclaiming its 200- day moving average. we're talking about starbucks. chipotle mexican grill ceo brian nichol will helm the coffee chain giant, but can he solve the real problem that's pushed the stock down 23% over the last year? we ask saves city whit -- stacy whitledge ahead of walmart's earnings out thursday. we're coming right back. ♪

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on a caffeine if high. the stock, which went public way back in june of 1992, is up 211.9% -- 22911.99 -- 21.9%, the biggest gain ever. the former see wrote has stepped down after former starbucks' chief howard schultz wrote an open letter criticizing the company's direction. mcnichols set to take over september 99th. joining us now is retail an a list stacy -- stacy, nichol knocked the skin off the avocado at chipotle. i was trying to say knocked the cover off the ball, but the, stock went to the moon during his tenure. what makes him a good fit though for starbucks? >> so you're getting, basically, the simone biles of restaurant leadership here. and this is, this is a leader who took chipotle from the e. coli scandal to one of the most efficiently and digitally and

premium-run restaurants out there. he's the one that the reinvigorated the menu, right? he's the one that led in terms of digital and efficiency. he also is customer driven. and what starbucks needs right now, you walk in there and you stand there for 15, 20 minutes waiting for a cup of coffee that's $6, and there's nothing more infuriating. you also see the digital customers come in and jump you because they order before. so there needs to be a whole new process in order here, and the restaurants need to feel premium yum because the pricing is premium, it's not value. they are unlikely to go down the scale to value. is so it needs to carve out a brand and a niche just like chipotle has. liz: you talked about the customer. look, we know that nichol had implemented some great innovations at chipotle. absolutely.

but can technological innovations change the mindset, stacey, of a customer who right now is scaling backsome they are not excited about -- you said $6, mine is $7, and i just get, like, an almond milk latte, tal- >> it's the almond milk, that that's it. liz oh, yeah. >> no, i think it can though because you're talking about if the brand is positioned back to true premium, that customer is more resistant in terms of the low enor the value customer, mcdonald's or kf if c who's talking today about bigger $5 menus. that customer is willing to pay if you serve them efficiently and give them what they want. and starbucks is not doing that right now. you're waiting and you're also looking for something to grab, food, that is not cheese in a breakfastic -- plastic container, and they have not delivered that. they have brought out energy drinks that are massive. it's just not what the customer wants. yes, i think a combination of

efficiency, digital innovation, some marketing brought back to life in addition to to a reinvigorated men yule -- menu, and you have a combination here. liz: well, listen, and we want to move on to to walmart and other big names because earnings for retailers are this week, but would you buy chipotle mexican grill right now or buy starbucks? i ask that because, you know, since the 50for 11 stock split which was implemented late june by brian nichol at cmg, the stock is down about more than 25%. so now you add in this, and it makes you wonder, well, is this a really good buy? people still love chipotle. >> i think that people do love chipotle, and their recent earnings construct of double dimming digits, if they can stay the course, chipotle will be fine. but there is always some

transition risk when you lose a ceo and also that ceo, let's be honest, may take some of the team with him at come point p. so there is a bit of transition risk, but he's built an incredible model. so if you believe many that, you can stay the course and own the stock. liz: okay. let's remember you said that. we'll check back a couple months from now. walmart if comes out with earnings on thursday. the expectation is for ep if s of about 65 cents a share, revenue 1668.5 -- 168.5 billion. slightly high her year-over-year. do you like it here or there are so many other names in the big box world that do better? >> i still like walmart here. and as you know, or liz, with grocery inflation if while it's moderated, you're still paying 20% more than you were a couple years ago. they are the ones that can pass on savings to the customer. they, you know, with their bender -- the power over their vendors, they can pass on price. they will always be the price leader, 60% grocery. and in addition, don't forget

about the 'tissing business which is -- 'tis thing -- advertising business which they are building and building and that is underappreciated here. liz: i always like to return to what our guests have said in the past. in your most recent appearance, you loved the beauty sector, particularly ulta. are you starting to see some cracks here? >> you are. and i think the beauty business has had such innovation and growth, and there's nothing wrong with the ulta model or the sephora mold, there's just a lot more competition. and we've seen some promotion starting to creep back into the system. you never want to the see that and, of course, that puts risk on margin here. this weekend ulta had a 20% off, we didn't see that last year, so those continue and it's certainly a flag to keep in mind. but longer term, yes, or still ulta that -- [inaudible] liz: yeah. well, right now it's up 3.33, but you can sees it is red over the past year. stacey, great to see you.

thank you very much. >> good to see you, liz, thanks. liz: a dvr alert for fox business, we're going to talk about earnings and the state of the american shopper with with walmart stalwart, cfo john david rainy. john david rainey right here on fox business after the earnings numbers. all right, luxury retailers not only facing a pullback in spending, they are also facing retail shrink. the loss of sellable inventories due to theft. one of the nation's prime target, rodeo drive in beverly hills, california, which boasts chanel, louis vuitton, gucci, tiffany and ambulance crag georgia among many of -- baa lengths crag georgia. in 2022, a group of thieves used heavy tools to smash the display case at the luxury jewels of beverly hills store, and now police are taking to the skies to stop this, taking to the skies to nab the bad guys. the beverly hills police department is using drones made by chinese company dji to stem

the rash of thefts. but state and federal lawmakers are trying to ground the hawkeye drone saying they pose a particular risk. let's get to the max dworden, our west coast reporter. welcome to the show and to the network, mac. great to have you live on -- max. >> yeah, you probably know right where i'm standing right here. this is one of the most iconic shopping districts in the entire world. you've got stores like louis vuitton right here, you look down the street and you've got the tiffany's store, versace, a bunch of places where i can't even afford to walk in the door. and, of course, all this is really a attractive to shoplifters, all this high-end fashion and all this luxury here. and beverly hills pd, well, they've been cracking down on shoplifters with their drone first spender launching from the top of the building here in the downtown area patrolling the streets about 12 hours a day, 7 days a week, it's able to get to

the scene of a shoplifting incident in about 30 seconds. the drone then tracks the suspect until officers can get to them. the drone first responder has been in use by beverly hills pd for nearly years now taking the off on thousands of flights, and while it's also a used for other incidents, the department says it's been a valuable tool to combat shoplifters. in 2023 arrests rose sharply, up 711% compared -- 71% compared to 20 the 2 -- 20322, but the program could hit turbulence. the majority of the drones are from the chinese manufacturer dji, a popular brand used by agencies across the country. legislation moving through congress and the california legislature seeks to the ban first respond to us from using chinese-made drones citing security concerns. if. >> i think that it would hurt a lot of the first responders. i think there's a lot of misconception and misinformation out there about a 'em.

for example, we use motorola cape as our software provider, and they have a lot of built-in securities that prevent day from concern data from going out, back to the manufacturer. >> reporter: now, beverly hills pd told me they would ideally like to to purchase american-made drones but they're simply not as good as the chinese ones. but if they're forced to through this legislation if it does become lawing or they'll have to retrain their employee, and it's going to be a big expense. liz: i am so stunned about the 71% rise. i knew it was bad. you're standing in my hometown. i knew if it was bad. i didn't know it was that bad. so, hey, whatever it takes at this point, right? >> reporter: yeah. absolutely. and that 7 11th -- 711% of additional arrests. so the arrest numbers are actually going up which means that the drone program could be effective. so the silver lining there. liz okay, we'll take it. max, thank you very much. max gorden. great to have you join the fox business network.

all right. will rfs invest investors give the the red light or green light to netflix? the much awaited season two of squid game just dropped, and wait until you hear how netflix is stretching its long tentacles to drab more subs. next, evercore isi's famed analyst mark mahaney is here on whether the stock is a buy before the christmas release of the new episodes of squid game. and did you know that one of the world's top outdoor retail -- was founded by a man who escaped nazi germany? he expanded early offerings to include fishing vests, handed the reins to his semi and so columbia sportswear was born. but neil's sudden death left the family with broken hearts and a near bankrupt business. that's when his son tim quit college and stepped in with his mother gert to save columbia.

how did he and his mom, with zero business experience, grow it into the global outdoor clothing brand it is now? if tim boyle, see to owe and chairman of columbia sports ware, is my guest this week on everyone talks to liz. get it on apple, google, spotify, iheart radio. see, you don't need an mba to create a publicly-traded company. we're coming right back. dow is up 378. ♪ ♪ investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. (♪)

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liz: let the game begin. squid game, season two, make its return to to netflix on december 26th. the stream ec released a teaser trailer for its mosting successful series of all time on the platform. season one of the life or death korean game show scored a record 1.65 billion views in its first 30 days on netflix back in 20211. big things coming to netflix

this december as the streaming king gears up to broadcast two nfl games as well, that on christmas day and release the sequel to its most popular show the day ever. -- after. but will it mine -- mean big gains for the stock? joining me now, head of internet research, mark mahaney. you've been covering this stock for a long time. you've got an outperform rating and a $710 price target, it's at $649.if 20 the right now. will season two be as a big as a season one? >> well, i guess i don't know, but i am struck by thinking about the stock. you know, when you looked at a the stock price chart, the peak of netflix was i think 678 in no of 2021 because of squid game. so, you know, it's reasonable to assume that the market's going to anticipate it's going to be as big. i don't know whether it will be or not. that sometimes happens with the sequels. i think it's also just a remind

her of the hit factory or the hit power of netflix. nobody knew about a squid games when it came out, neither did they know about birdbox before there or you had a couple of other very popular shows. and then, of course, you mentioned@coming the out the day after christmas, and christmas is going to be something of a blow blowout for netflix because 30 million of us are probably going to be watching our nfl games on netflix that day. there's just a lot of more content, the company stronger than it was back then. sort of like cycle here. the more customers they get, the more revenue they get, with which they can buy more content which begets for customers and revenue. the leadership position is expanding. i like the stock. there's not dramatic upside, it's not one of my top longs, but i continue to like the stock. i think it works higher between now and the end of the year: my guess is we'll get to an all-time high. liz: oh, okay. exactly what you said on the far

left side of the chart you can see november 2021 and the first squid game, it's just unbelievable the power of that franchise. we'll see if it comes together, and hen the two nfl games on christmas day, i think that's interesting. i want to dovetail to google. you've also covered google for many years. google today unveiled just in the past two hours a huge suite of brand new hardware, everything from the pixel 9 pro phone which is philadelphia, to all kinds of -- foldable to all a kinds of tablets that are embedded with gem gemini. google right now is up about 11, so a bit of -- 1, so a bit of a pop here. look, it's trying to beat apple, is it not? can it with these new nows and the embed of gemini? >> i think you'd probably v.a. to the get against -- have to bet against google disrupting apple. but it's possible. just keep in mind the real market for android is outside the u.s. where it actually has

major market share. and, you know, i hope that what a we're going to start seeing, and we're going to talk about roa a i, return on artificial intelligence investment spend, i'm hopeful that we're going to have devices that are more personalized, more capable of doing things that really become, you know, for consumers we really want a digital assistant. and i think -- a personal digital assistant, whatever, just like in the corporate space, you're going to want an enterprise assistant, you're going to want one in your personal life too. you carry these phones around all the time, so why wouldn't that be the natural personal assistant if they get the software right? i don't know that these phones by themselves will materially shift market share. they certainly won't cause google to the the lose market share or and, you know, i've enjoyed watching the demos. i've got to try them how how out in the real world, but they need to do these kind of product announcements. liz: liz well, they do, and the products are less important, perhaps, than the spend on a.i. which leads us the calculating what you call roa a i, return on

a. i. investment or back in april a google executive said that the company would end up spending something like $100 billion on a.i. it's a huge chunk of change. what will investors eventually start to demand, and how can they see in advance which companies are getting return on their a.i. investment? >> well, in the application space or the content space which is kind of what consumer internet is. these are all applications whether it's search or, you know, your instagram news feed or x, whatevers. you know, you want to the see -- whatever it is. you want to see better service and something that's more personalize z. and, by way, i think we've had a wonderful example with meta over the last couple of years. that's called ads, and their content for users, in this' our news feed, stories, reels, etc. and it's come through in revenue growth that kind of reverted and got as high as a 30.

so i think investors saw that and are probably going to give these companies a little bit more ram, you know? -- can room. those cap-x spend numbers are huge. we're talking, like, 20, 30 billion a year devoted to a.i. and cap-x and a lot of expenses around that, software developers, etc. if you can sustain growth rates or cause a reacceleration, i'm very intrigued and interested in whetherring google can do this with search, because i think the google search product is dramatically better. if i'm right on that, people are going to search more, they're going to monetize that just as well as they did searches in the past, and you're going to have your product cycle in front of you with google and a.i. overviews or to google gemini. that's what i'm really watching to see whether in the market it matters. google is generating no deceleration in growth and maybe it accelerates. liz: i see. you are saying that a.i. will not be a google search killer. >> oh, no. i'm taking the other side of that trade. liz right. because people used to say that

when it first came out. >> yep. and google had some, you know, product mishits, you know? they had, whatever, these image generation that just was factually inaccurate, you know, earlier this year. they made some mistakes, and i think they acknowledged it too, to their credit. but i just want to stick with the point that i think google's been investing in a.i. for years. sundar pichai's first keynote seven or eight year ago here in mountain view or down in mountain view, he was talking about a.i. back then. so i think this company is well ahead of the curve, they just need to execute a little better and, by the way, openai and chatgpt lit a fire under them, but they're coming out with better products. liz: it's the lit a fire under everybody. amazon spent $4 billion in a partnership with anthropic. can you just give our investor audience a metric to check when earning come out that will give the best indication on these names? >> well, it's kind of hard not to avoid the two most important

met if ricks, revenue and users. metrics. google only gives you revenue, but you're going to want to see that if i'm informing like this -- investing like this, revenue growth should sustain close to premium growth rates, 20%. so show me the sustainability of strong, top-line growth rate and i'll give you a pass, and i'll believe you in your roai investments. liz: perfect. mark or, it's great to see you. >> thanks, liz. liz: service the appointment viewing or, rather, listening as tesla's ceo elon musk interviewed former president donald trump on x. charlie gasparino coming up next on what folks are saying about the day after. and the convo to, which had a glitch chi start. stay with us, we're coming right back. the dow continues to climb, now up 388 points. ♪ ♪

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♪. >> i think it would be great to have a government efficiency commission that takes a look at these things and just, insures that the taxpayer money, the taxpayer's hard-earned money is spent in a good way and, i would be happy to help out on such a commission. >> i would love it. >> if it were formed. >> you were the greatest cutter --

liz: elon musk offering to be edward scissor hands, telling donald trump he would be happy to help a lending hand to help a future trump administration cut government spending that was the slice of a two-hour conversation the former president had with musk last night. there is different reaction. trump is welcoming the idea. different reaction from trump's truth social investors about the conversation last night. shares of parent company djt are down 3 1/2% on the back of a big drop yesterday. let's bring in charlie gasparino. let's talk about two hour conversation. do we have final numbers. i know it is spreading but last night there were some glitches. >> grinches, two million people, three million people listened to it. i throughout it was very good, to be honest with you, liz, not the whole thing but most of it. i thought it was informative. you get, i mean listen, you know, it was friendly confines

obviously. musk obviously likes trump. trump likes musk. musk is a supporter of trump as we know. that said, he asked real questions and he got real answers. i mean you just don't see that to the other side. i think one of the real problems with the corporate media establishment is that they are allowing kamala harris essentially to just skate through this without answering why she's for fracking now when she wasn't? where she is on various issues, on the border. you know, it is serious stuff. this is the president of the united states. and so even if you discount that trump was given you know, sort of softball questions, he at least addressed issues. she is not doing that and it is kind of scary. from a business standpoint, and we're a business network, this is not good for djt stock, it really just shows who, the

social media landscape is dominated by a few players. twitter, in that space twitter is the king of that space and even twitter has a hard time making money being, having 40 times more users than djt and, i think this underscored just the problems with that, with djt as a company. if you look at the latest, i guess earnings report, it wasn't much earnings, it was lousy and twitter is a private company now. used to be public. it barely broke even even with all the user data. it is interesting though he did make a point that elon is cutter. i guess he will be the cutting czar if trump gets elected but elon trying to make twitter profitable, let's be clear he laid off or got rid of, probably 90% of the staff there and so

you know, he is runs a bare bones operation right now at twitter and i still wonder if it makes money, you know? social media is a tough business. so yesterday from a business, i think from a business standpoint, this was good for twitter obviously. from a political standpoint very good for donald trump. from a business standpoint, if you are holding djt stock, not good. it just underscored the problems with that stock right now. back to you, liz. liz: thank you very much, charlie gasparino. we should look at bond yields, the two, the 10-year, those yields why falling early this morning and that was before this afternoon when atlanta fed president and voting member, rafael bostic said a recession is not in his outlook but he also said need to make sure inflation trend, which is going down, is for real. our next guest is such an expert in bonds. let's hear what he has to say

where you should put your money. pimco portfolio manager tony crescenzi joins me now. did anything bostic say moved needle? bonds were already falling on that very weak ppi number and tomorrow we get the consumer price index for the month of july, that will be a big one? >> liz, great to be with you. the bond market is more of a trending market in terms of yields rather than a range-bound market we've seen for quite sometime. that trend now is down because there is a sense the economy is weakening. regardless what the federal reserve officials are thinking. they want to be volckeresque, that is to say the legendary fed chair slayed inflation in late '70s, early '80s, using wrote from his book, keep at it. they don't want to put inflation to get out of the bottle because it is tough to put back in.

it drives inflation and the bond market hates it. liz: we have the 10-year down five basis points that means the market is anticipating that the fed is going to cut-rates. now we're looking at fed fund futures, saying in september, the september meeting there is a much bigger percentage move or belief that 50 basis points will be the chop? >> yeah, liz, roughly a 60% odds the market is pricing for a 50%, a 50 basis-point move by the fed. whatever the case as an investor you want to have a long-term or i rentation. think where will the policy be, today, 35 and 3/8 a couple years? the view tends to be around 3% or so. there is a chance the yield goes lower. the federal reserve says itself the neutral rate, not helping or hurting the economy is 2.8. what about it goes below neutral in recession? bonds are right now in the sweet spot ahead of those rate cuts

because it is possible that you could have a very good total return story. liz: we will know so much more tomorrow 8:30 p.m. eastern on the july cpi number? what are you expecting, there is a word, whisper number looks hotter than expected? >> the economy is slowing enough an investor should have confidence in the fed, there is an expression, old adage, don't fight the fed. 2022, yields were climbing that meant run for the hills. today it believe in the fed's ability to bring about success. inflation, one final point, don't fixate on 2%, something bernanke established in 2012. are they in a zone where ceases impact on economy and investors. that is where it is now. that is why the equity market for a year has done pretty well. there is price stability that hasn't been 2% number get. liz: the nasdaq and the dow are both up 400 points right now. what is the market interpreting

ahead of this number? >> just the idea i mentioned this notion of price stability. liz: yeah. >> the risk, the odds are prices at least will be stable. focus on two point something. what if it is next couple years the inflation rate is not the fed's 2% objective, 2.32.4, it really matter to a household that they will make a decision based on few points difference? heil i not probable. the fed has every ability to bring it about. liz: pimco's tony tony. [closing bell rings] liz: nasdaq up 40points. flutter ceo on the outlook of sports betting. we'll see you then. ♪. larry: hello, folks, welcome to "kudlo