any predictions before we go? >> no one is buying expensive yoga pants right now, inflation is high. if lulu trades higher after earnings and it's in the downward trend and going with that downward trend and it's in the stock right now and lower price napes for the dis-discounters? >> yeah, the chart on gap looks fantastic and this company has been beating earnings and great deals that are there and i like that one then i think dell as well. dell has pulled back pretty significantly over getting over a lofty hype and that one is good down into 100. >> thank you, dan kell. kelly o'grady in for liz claman. >> good to see you. cheryl and i are on opposite schedules and i love seeing her

shiny face at me. charles: we kic kickoff kelly: the nasdaq up 3 and thirtying back and forth between the line and dow remain ntsb green and it was telling just over 159 points to notch a record finish and that's the magic number and that's enough to do it and t up 242 points for temu but that was? jeopardy. early in the session and look at this chart blue ship swung and recovered nicely on the back of nvidia is the stock story of the day or week and shares are down 6% and even after a healthy beat. susan li joining me from the fox

business news room. what's going on here? >> yeah, the take away is great. maybe not good enough when you're as big and as high profile as nvidia and nvidia with the market expected. lowest raise in a year and a half and that's 18 months and despite the fact they doubled sales and doubled profit from a year ago and nvidia is also buying back another $50 billion in stock and raising their dividend by a penny a share. increased cash return and not enough to take investor eyes off the narrowing margin squeeze. and nvidia also said that the next generation ai chips and so called black wells will hit production snags need to re-design and cut profit margins down to 75%. 75% profit margins are phenomenal and apple margins around 46% and nvidia is priced

to perfection and there's pretty lofty expectations and it's already up a thousand% since chatgpt was introduced back in november of 2022. ceo jason wong believes that ai will change everything. >> we think that scaling the ai models, we'll reach a level of extraordinary use from us and it would open up and the revolution. revolution. >> it's a selloff today in the stock and wall street remains bullish on nvidia and i counted at least, at least ten investment banks raising their price predictions to the 150, 160 area and you still get upside and you heard jenson on the call talk about the trillion dollar ai spending from companies and countries apple

ceo and tim cook, alphabet's president and plus for this year and more next year and most going to ai chips made by nvidia and a sign nvidia is a wider cultural phenomenal. there's watch parties in new york bars and restaurants on nvidia earnings days. they don't last long but i can't remember a company that drew that much interest especially for workers that are willing to give up their free time after work to see how earnings do. kelly: yeah, taylor swift watch parties and now nvidia earnings watch parties. susan, great stuff. thank you. tons of ai news breaking today. in just the last hour, wall street journal report that had apple is in talks to join the new openai funding round and yesterday we told you that the latest funding round would value openai above $100 billion and

thissen this all comes as openai announces chatgpt has more than 200 million weekly active users and also today, intel and ibm announced they're joining forces in the name of ai innovation. intel is rising to the top of the dow now and dow component ibm also up and it is expected to deploy the intel gaudi3ai service on ibm cloud in early 2025. so let's get right to the floor show and dig into all of this action. i have thomas hayes and scott bower. so good having you both here on the important nvidia day. i don't know if you have a watch party but, scott, i want to start with you, a carson group analyst said "deaf taxes and nvidia beats on earnings are three things you can bank on. i think he's right. we talk a lot alaska the beauty ovlow expectations and i think this was the pain of high

expectations. the market doesn't seem to care, scott. why? >> no, it really was and this is a classic case and monday morning quarterbacking right now and classic case of buy the rumor sell the news. hype and excitement especially as nvidia rally rallied off the lows from three weeks ago or so. and even though these numbers were blow out numbers and yes, blowout, 32 billion in profit -- in revenue for second quarter here. the guidance was not quite as good as expected and then the uncertainty surrounding that new process or the blackwell processers so i think what the market or street is looking at is nvidia is going to make their money but now maybe this is going to be delayed a quarter or two to get to the levels because of delay on the blackwell prosesser and look at stock and fundamentals and i was looking at entire marketplace and i

really think this was a buy. whether the bottom is 115 or 110 and it's a stock that you've got to have moving forward and just incite on the option side today and nvidia and massive option value over 6.5 million contracts today and over 2-1 and call to put ratio and border on the inflation side. kelly: glad you brought up the blackwell chip piece because, tom, i want to bring you in on this because you were watching it closely to get a sense of are they going to elate fears and we're still expecting revenue from this chip in 2024. was it enough for you? >> i don't think so. i hear watch parties and nvidia and valued at gdp and going for

estimated 40% long term growth rate and that's implying the business is every two years and 12 trillion or half of gdp and it's a great business and it's going to grow and it's going to be demand and price is what you value and getting 29 times sales is interesting to me. kelly: look, i hear you. it's a great business and susan pointed it out saying big tech spending, spending, spending and it's going to keep going and jobless claims out today and better than expected and pce out tomorrow and rate cuts coming and we're on dow record watch and lot of traders are fading in the rally. where do you stand on that? >> it's fading because, you know, things are dire or things are bad, but i think we've certainly come so far, so quickly since those lows three or so weeks ago. with the election a few months

away with the fed in three weeks and then we get the fed again early november, volatility is there and when you have a opportunity to buy protection in the marketplace with vicks down around 15 or so and there's no reason not to do that and i don't know a lot of these guys back here and i talk to them all the time throughout the day and they're shorting the market as much as they are hedging the market and there's a opportunity to hedge the market right now. kelly: that's a great point and great context, scott, tom, i want to bring you in to end. rate cuts are coming and lot of our viewers are sitting many money markets thinking when do i get in and take advantage of this and a lot of talk about the rotation trade. are small caps the place to be looking at as you play this out over the rest of the year? >> well, history since world war ii tells us that is the play because for the 12 month following the first rate cut, small caps out perform large

caps by 111% and that's consist -- 11% and that's consist with the deceleration of the magnificent 7 and resell ration of the earnings power and growth of the un-magnificent 497 and they can consolidate and tremendous opportunities under the surface and small caps and dividend payers and emerging markets. kelly: you see that trend in the russell and people are excited and we'll see, gentlemen, we'll have leave it there. tom, scott, appreciate your time today. >> thank you. kelly: ai driving a whole host of industry and it's not just chips but data instrategies structure and storage providers and two companies reporting that longer sales cycle despite the losses and net app stock over

36%, 37% right now. by the way they've been partnering with nvidia for ai and ceo george kernen joining me in a fox business exclusive i'm pleased to say okay, fantastic performance over the years, george. by you've had an earnings beat from yourself and nvidia and in got company but the market is not reacting as well. why do you think you're down today? >> listen, i think your commentators described the combination of expectations, some uncertainty in the macro-economy and we had a strong result and beat on top and bottom line and raised outlook on the year on both earning ands revenue growth. we're going to go out there and execute our game plan and deliver strong results for our share holders, and i think that if we do that, the stock takes care of itself. kelly: look, you had strong

metrics across the board and i will highlight a few, 36% earnings growth, 12% billings and recurring revenue up to 21%. well done. how would you characterize your unique value to this ai rally because from where i'm standing, i've thought of nvidia as the building blocks of this and thing that powers all of the ai stuff that is out there, but you can make the same argument for where you play in data storage. >> that's right. there's three analysis of ai and data and software with large language models and other capables and the data. we're the data part of the ai revolution and we have three or four unique characteristic asks we're one of the largest holders off the world's most valuable

data for corporations service providers and have a range of capabilities to allow our clients to use their data with the tools that are available on the big public platform or their own data centers and third is innovating in ways to responsible ai and protect you from risks around bias or privacy or tafanely make sure you're transparent to train your models. kelly: i can absolutely see where the privacy aspect will become really a revenue stream and there's concern about that . i mentioned your partnership with nvidia on ai processing for a number of years and what does that do for your client s?

>> it helps clients deploy ai much more quickly and ai and meta, we joined solutions that reduce the risk of the complexity for customers to use ai capabilities. kelly: across most earnings calls, including your own, i went through and read every word and seeing companies acknowledge that uncertain economic environment. i can't count how many times i heard uncertain or saw uncertain. how is is that impacting your outlook for data storage demand, and did you see any pullback in customer behavior or shift this quarter? >> no, we've said it's been consistently uncertain and better today than a year ago and certainly inflation is down a lot as you noted and we expect fed to adjust interest rates

over the next few months and what we see in the customers is that they're spending on the strategic projects like ai or getting ready for ai. but not spending on broad based infrastructure and there's still a lot of technical debt as we call it out there. >> when the market turns, we expect strong results. kelly: that make as lot of sense. you have to spend in the space and spend on your data storage but you're prioritizing the strategic priorities. thank you, george. well done on earnings report card. >> thank you very much. kelly: okay, folks. the 2024 presidential campaign trail taking former president trump back to michigan today and expected to speak at any minute and going to a wolverine state as team trump gets troubling news in the latest polls and football fever. it's almost here. think pig skin fans have been

watching them to snap up the 70-inch tvs but consumer electronic chain said it was something else that has its stock popping to the top of the s&p 500 today and tell you about the retailers best buy, that's next. later, national football league adding artificial intelligence to the play book and nfl exec jeff miller here to show us teaming up with amazon web services to protect your favorite stars much the "claman countdown" is coming right back. clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours.

ya know, if you were cashbacking you could earn on everything with just one card. 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- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis

that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell! ♪ ♪ when the sawdust settles and the engine finally roars the thing you care about most is a job well done. ♪ but when you get your tools from harbor freight something about the job feels a little different - your wallet. because we believe no matter what you're working on you need high quality tools at a great price. and that's what we're all about. ♪ whatever you do, do it for less, at harbor freight. ♪

kelly: let's get to break news, former president donald trump expected to discuss the economy, inflation, and manufacturing in reremarks at pottersville,

michigan. that's happening at any moment and making eighth campaign stop in the wolverine state and comes as new fox news presidential polls showing vice president kamala harris take ago lead in a couple of battleground states ss and harris with a one point advantage in arizona and two points in nevada and trump leads by one in north carolina. more on the stop in michigan, we go to fox news' aishah hasnie in pottersville. what are you hearing? reporter: hey, kelly. the former president is wheels down in michigan on the ground but he's a bit of a ways away and hopefully we'll see him here soon and there's the delate and talking to voters here and trump supporters while we've been waiting for the former president and they're telling me the economy, inflation, housing crisis, all of these issues, the energy crisis, energy prices, rising prices there, they're all their priority issues when it

comes to this election and that is what they're voting on. this is really the trump vance strategy as they have been barn storming all across the rust belt state this is week and we've been watching them play this strike thaty and focusing on the issues and the working class and independent voters and the bills and day-to-day struggling and will voters here in michigan are watching that too and how this is going to work with independents and this is what one man told me when i asked him about that. listen. >> how does he court the independents and folks that haven't made up their mind in michigan? >> kennedy helped them and he'll bring them all n. we don't agree with them all and comes in with the items they do and it's necessary the message we bring and unit people together. reporter: we'll see about that because rfk jr. is having a bit of trouble getting off the ballots in some states and comes as the trump campaign --

actually fox news polling shows that harris has improved bonn biden's numbers of women, black voters and young voters and trump-appointed campaign going after the female black women -- female black voters as well with the new ad featuring some of them from battleground states basically denouncing harris saying i'm not with her. tram subpoena also getting a big helping hand from georgia governor brian kemp doing a big fundraiser for him tonight in the beach state after that public quarrel and that's a big win for the former president right now as he continues to ramp up his campaigning now that we're less than 70 days away, kelly. it's coming fast. kelly: it is and i'm always impressed and you're here, this, everywhere and michigan one second. you're bringing us the latest. reporter: living out of a suitcase. kelly: i'm sure you are. thank you, aishah. folks, looking at a second live at vice president kamala harris

campaigning right now in savannah, georgia. she's at dotty's market, that's a restaurant in the historic district and she and his running mate are crisscrossing the beach state obstructing cerumen a bus tour to hold onto georgia after president biden won it in 2020 and then we showed you those fox polls and does have her up two points right now in georgia. we have a fox business alert to get thomas mancino though because we've got roll dexterity of retail news today. dollar again, it's plummet -- dollar general plummeting to the bottom of the nasdaq and after the company reported weaker than expected earnings and second quarter and the drop is the biggest nose dive since the company went public back in 2009. in addition to missing on quarterliest mattes and the retail cut the full year sales forecast and ceo todd warned that inflation has been forcing low income consumer sacrificing buying bear necessities and pay for things like rent and

healthcare. dollar general always a bell weather for the low income consumer that we look at and meanwhile conversely best buy, it's the best stock on the s&p 500 and tech and appliance retailer boasted stronger than expected consumer earnings and raised the outlook for the fiscal year and best buy point-blank layupsed to growth and tablets, computing and service categories and more young people turning to computers to play video games rather than consoles. can't say my husband made that switch but the stock is up over 13% right now. shares of victoria's secret and this is going over and now expects net sales to decrease 1% and raised it is expectations for operated income down over 3% right now. lastly on the royal retail

rumble or ramble if that's how you're feeling about me right now, investors slipping off the bestbestbestbestbirkenstock sant expectations of about $631 million and birkenstock raised guidance like some an life-threatenings expected. the term digital athlete a whole new meaning. nothing to do with madden nfl2025 and could keep favorite players on the field longer and jeff mill service connected here to tell us how the league is using ai in a unique way and affirm ceo is here to talk buy now pay later earnings and the true state of the american consumer. "claman countdown" is coming right back. ♪

introducing new advil targeted relief. the only topical pain reliever with 4 powerful pain-fighting ingredients that start working on contact to target tough pain at the source. for up to 8 hours of powerful relief. new advil targeted relief. ♪limu emu♪ ♪& doug.♪ 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.♪ hi, i'm eileen. i live in vancouver, washington and i write mystery novels. as i was writing, i found that i just wasn't sharp and that doesn't work when you're writing a mystery and i knew i needed to do something so i started taking prevagen. i realized that i was much more clear, much sharper. i was remembering the details that i was supposed to. prevagen keeps my brain working right. prevagen. at stores everywhere without a prescription. 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.

kelly: we are about a week away from my very favorite time of the year, the kickoff of new nfl season and to be precise, we're seven days, four hours and 49 minutes and one second before the baltimore rains take on the kansas city chiefs in the opener. who's counting. one major change and opening kickoff looking dramatically different and league voting to keyuate a new league kickoff rule with the defense and offense. standing five yards apart and

can't move till the ball hits the ground or caught by a player. reducing injuries to pla playerd they'll develop the biggest on field change in the last 30 years for the use of ai and nfl partnering with amazon web services and here to tell us more about that initiative and national football league executive and jeff mil miller ia fox business exclusive. favorite segment of the day. >> thank you for having me. you summarized it nicely. kelly: before we go to ai, tell us why the nfl thought the kickoff rule and change was so important and was it hard to get past? >> looking at it for a couple of years and i think there's been a general recognition that getting two out of ten kicks return second-degree just not interesting anymore. in the super bowl last year 13 kickoffs and zero returned and ceremonial play and there was a

time 25 years ago looking at three out of four returned and as many people that watched the game and fans of the game say it's really exciting and watching a kickoff and getting snsnacks and watching and that's not a great fan experience 679 the reason the numbers were decreasing was in part because as you pointed out risk of injury was so much higher on that play. huge speeds, huge spaces led to unfortunate results so we wanted to create a play where we got more balls returned and incentive for that to happen and special team coaches and committee and modeled it pointing out artificial intelligence and coming up with something different. when fans watch, they'll say that looks a bit different. it does but hopefully the twin goals of more kicks returned and a little bit safer play are going to come to crew wigs this next couple weeks. >> whistled get more points and my fantasy football team with the kickoff return, i'll be happy.

>> that's right. kelly: the digital athlete was used to model this out and it was fascinating and run player health and safety and you're using ai to build a more complete picture of what a player experiences so first of all, what's the aim here? >> that's right. we collect so much information about any given player in any given game and know the shoulder pads and speeds and geolocation on the field and the economic they're in and play type and physicians on and on and on. collecting all the information and went to awbs and said what can we do with all this to better understand the player experience. they helped us organize it and helped us sort of come up with some questions that we wanted to ask. for example, what is the risk of player injury who has this level of experience participating in this sort of way having these sort of velocity collisions, blocks, tackles or whatever and there's a model for that we call

the digital athlete and all 32 clubs use in the locker room and look at how players practice and get ready for the season. kelly: i wonderful place fertilizer you can break down for us the folks in the control team what will put it up in a second. getting nor take on what's going on here. >> we'll collect all that information from every impact including what's important and we talk about concussions and the trainer and equipment manager and coach can take a look at it. what's the risk of injury and going at these levels and going to play this much or run this and accelerated this and all sorts of advanced information we had a few years ago and then you raised the issue of the kickoff and having to look for ways to make the kickoff more likely returned and reduce the injury and put the players here and simulate it and thousands of

times to get a predictive injury and for now we're like we can get to the point of being comfortable enough and we think this is for the betterment of the game. kelly: in 2022 and talk about after that and going to retire them and going with a digital athlete being able to help ultimately evaluate in realtime and that's so much that the doctor can see and might be able to digest the information and going to say yes, no, you can go back or maybe x number of games based on information and data in the past. >> one thin the digital@ let has done and sharing information with the clucks and it's collecting every single head impact on the field for every player in every game. kelly: wow. >> if you're see ago player that's absorbed abnormal number. you may want to say during the

week, let's pull back on him and watch him with the physician. kelly: private equity up to 10% and going for the pce and not traditional invest p.m. governance control and no easy exit kind of feels like folks just want to be part of america's game for that brand >> they're welcome to and makes the league stronger and there's business needs and liquidity events to have as a result of growing our game and invest in our game and these are very large institutions each one of these clubs. making it longer for kelly:

telling me i have to go by officially, i have to ask you and i know you're not allowed to play fantasy football being at nfl, who's my sleeper pick that i pick next wednesday? >> my son took over all my teams and he seems to win a lot. he's big on tyrek hill. kelly: all right, tyrek hill. >> that's what he says. kelly: sounds fun. i'm looking at you. jeff, appreciate your time. >> thanks for having me. >> the u.s. consumer and ceo of affirm here to tell us what he's seeing at buy now pay later power house and run record watch and dow above that 159 mark and "claman countdown" is coming right back. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close.

and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. if you have wet amd, you never want to lose sight of the things you love. some things should stand the test of time. long-lasting eylea hd could significantly improve your vision. more people on eylea hd

had no fluid in the retina, compared to those on eylea at 4 months. eylea hd is the only wet amd therapy that helped 8 out of 10 people go up to 4 months between injections, after 3 initial monthly treatments. if you have an eye infection, eye pain or redness or allergies to eylea hd, don't use. eye injections like eylea hd may cause eye infection, separation of the retina, or rare but severe swelling of blood vessels in the eye. an increase in eye pressure has been seen there is an uncommon risk of heart attack or stroke associated with blood clots. the most commons side effects were blurred vision, cataract, corneal injury and eye floaters. and there's still so much to see. if you are on eylea or a similar type of treatment, ask your retina specialist about eylea hd today for the potential for fewer injections.

we're doing a live trading event in aventura, florida. at this incredible event, my team and i will be demonstrating the smart money trading strategies that have made us famous. if you're serious about trading, you don't want to miss this unique opportunity

to trade shoulder to shoulder with the pros. it's limited to just 100 people, so make sure you grab your tickets now. call 888-809-8058 to reserve your seat. that's 888-809-8058. kelly: affirm holdings rocketing higher up over 30% and after buy now pay later company reported a

narrower than expected loss of 14-cents per share verse expected loss of 51-cents per share and beat climbing 41% year over year and investors clearly cheering affirm ceo guidance in a let tore shareholders and the ceo said the company is aiming to be profitable on a gap basis by the fiscal fourth quarter of 2025. will this impact aif i were's road to profitability? joining me is the to founder and more. >> installment loans and values of the prance action relies 31% year over year at 1.2 million at this quarter and that's the total value of trans-accounting standards boards on the platform at home.

>> they're shopping and paying us with the bills back on time most of the time so generally speak, the u.s. economy is in excellent shape and it's greatly exaggerated. there's interesting changes happening for example for a few quarters was a blow out success and easy come and post covid and people traveling like it was going out of style. came back in a really big way in the last quarter and consumer shifting and spending and >> you

mentioned what you're seeing right now from the consumer but fiscal fourth quarter of 2025, are you worried at all about hitting that target? >> we're a risk managers andment company and got a lot of time making sure came out with a statement of being profitable for a reason. we're going to reassure our investors of visiting business

and creating lots and lots of profit and excellent cash flow and thought it was hanging in the balance. if anything, we always try to do better than >> the largest club issuer and october 10 going to block purchasing from making buy now pay later and is that concerning you at all and credit companies may follow? >> chase is going to be precise and blocking usage of chase credits and debits and bank accounts to buy now and pay later bills and i applaud and the idea of paying your current bill with another credit instrument is a little silly and

going out on the way to prevent consumers from paying other credit instruments and credit cards and this will have no impact on the business whatsoever and some of the competitors are not quite as scrupulous and there's a bit of a scramble to address and generally speaking credits don't use to pay affirm bills and pro credicredit cards and just affis better and that's an interesting incite. don't put that on the credit card and they'll allow those debit transactions. >> a restructuring at small but high profile crypto bank and fox business had the exclusive and charlie breaks it. that's next on the "claman

countdown". ♪ 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

to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card

from chase for business. make more of what's yours. why do couples choose a sleep number smart bed? i sleep great now that my side is as firm as my heart desires. my heart desires soft. sleep number does that. your ideal firmness and effortless comfort, all night. during our biggest sale of the year, save 50% on the sleep number® limited edition smart bed and free delivery when you add any base. this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him.

let our expertise round out yours.

kelly: crypto voters two months away flat configuration choosing between donald trump and kamala harris as most crypto friendly cacandidate butted biden

administration is forcing crack as one small but high profile crypto bank and charlie gasparino is here with the scoop. >> early on in my career working at wall street journal and a lot of page one stories and tell bigger pieces through anecdotes and bigger pieces whatever it is in this case and it is why crypto hates the biden administration and this story if you read it on fox business.com is emblematic of that and why does crypto hate biden and why does hatred likely to transfer to kamala harris because she's part of biden harris administration and now is becoming the nominee and you can tell through the story of custodial bank. if you believe the company and some of the management and known to be forthright people to lay

off literally 25% of other affordability and small bank and even though they're a small bank and they're kind of important of the ecosystem of custodian and one of the few that do it. being handed down by the biden administration and something they call as derisively known and many jordy tivoli known in the crypto business and operation check points 2.0 and some occupation choice point during the obama administration and that's where they're going with this and crypto there with the notion of custodian and if you have banks taking crypto as custodian and storing for you, fdic regulated banks and

federally regulated banks and that's a big step. what they're saying is they're putting up the roadblocks to do this. kamala harris' surrogates on wall street and talking about this a lot and it's absurd. doesn't really have any campaign stances and going tonight at cnn interview and going for the website and it's one policy about raising money and so my point is smoking good pot i

guess. kelly: tonight, we might find out more and we'll find out come november. you and crypto, that's all you care about and it's not coming up. kelly: we'll see if they vote that way come november. >> they won't vote that way. few things i can guarantee. can't guarantee kamala winning or losing. i can guarantee crypto is not voting for kamala. kelly: thanks, charlie. >> kamala. kelly: high prices and mortgage rates scaring off people in record numbers and that's not scaring off investors in the home builders and today's count down closer thinks other areas of real estate are a good idea for your portfolio. we're joined by jay hats field and owner of >> i'm waiting for

the shoe to drop and tech spaces and februaries work remotely and convince me i'm wrong. >> thanks, kelly. great to be on. so there's two calls about the cure and rates are coming down and usually non-consensus make this call around and now it's consensus and more importantly san francisco is on the comeback and there's a supreme court ruling that allowed cities to cheer out homeless encampments and can't phone it in from the south of france and there is we think over the next couple of years and long term investor doing well with the company and that's in our cap, etf and optimistic about that company.

kelly: to be fair, i visited san francisco the last couple of weeks and didn't see homeless tents and i didn't see people either and we're going to keep on like that and we like the investment banks, goldman, jeffries, morgan stanley and you have to be bullish on the fact that investment banking activity is coming back and mna and rate cuts happen and you have to see that and do you think that trend is going to blow out and >> exploiting in the fourth quarter and all the ai private equity investment wants to go public and enthusiasm accelerating and we're coming out of fed tightening psychoand will next year we think we'll be more bullish and something we don't get a big capital gains tax increase and you're talking

about that before. wish we had more time. thank you, jay, for joining us. >> appreciate t kelly. kelly: the number we were looking for is 159 and up 250 s&p and coming for nasdaq and finishing down for the day. that's going to do it for the "claman countdown" and kudlow starting next. keldavid: hello, welcome to a special edition of kudlow. i'm david asman in for larry kudlow