tv The Claman Countdown FOX Business August 20, 2021 3:00pm-4:00pm EDT
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i'll be all over it. charles: okay. all right. i'm going to have to spend more time talking to you, because you seem a little bit more enthusiastic about the future. listen, i'm a natural born luddite, so i missed that much, maybe i can learn to enjoy the future through a helmet if as you look forward to enjoying it. i do know one thing, i appreciate when you're on, we learn so much. have a great weekend, my friend. ashley webster in for liz claman for the next hour. ashley. ashley: maybe a helmet for me would be an improvement. i'll have to find out. [laughter] charles, thank you very much. you are not a luddite, my good friend. thank you very much. have a great weekend. [laughter] bottom feeding the name of the game on wall street today as markets close out a dow week to the upside. the surge in delta variant cases, the chaos in afghanistan and questions about the fed's tapering plan still weighing on investors' minds. the dow, though, popping back about 35,000, the s&p up half a percent, the nasdaq up 1% at
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this hour. and at any minute now, we expect to get an update on the state of affairs in afghanistan from the pentagon. we'll have details of the briefing and go to the white house for a are recap of the president's remarks on evacuation efforts from there. the covid pandemic still casting a cloud over some parts of the nation, but las vegas is charging ahead. we're going to talk to sin city's soon to be biggest landlord about how his company is protecting his customers and employees. plus, the luxury real estate market totally disregarding the pandemic. the star of million dollar listing los angeles, broker josh flag, will give us his perspective in a fox business exclusive. and elon musk's latest creation straight out of the pages of science fiction magazine. details on the dancing humanoid robot powered by a.i. is straight ahead. it's somewhat mesmerizing. stick with us. all right.
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so let's take a look at these markets. they are up going into the weekend but not high enough to get out of the red for the week show. snapping a two-week winning streak for the dow and s&p 500, but it will be two down weeks in a row for the nasdaq and big tech. oil, boy, having a rough week, down, as you can see. the oil patch down 9%. it has been seven straight days of losses for the price of crude, the price dragging, of course, on the energy sector as a whole. but look at that, down 9% this week, $6 down. the sector has been the worst performer of all 1 is major -- 11 major s&p sectors, occidental petroleum, marathon oil, apache all down double digits, of course i city dental down 15%. -- occidental. and covid-19 closures also back in the headlines. and, by the way, apple announcing earlier today it are delay the opening of its
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corporate offices until at least january now due to the surge of the delta variant and a spike in covid-19 cases. and that is causing at least one member of the federal reserve to rethink his potential vote on tapering. this morning dallas fed if reserve president robert kaplan was on "mornings with maria," and he had this to say when it comes to next month's federal reserve meeting. listen. >> that i'm going to be watching very carefully over the next month before the meeting is, is it having a for more material impact on slowing demand and slowing gdp growth. and so i'm going to keep an open mind on that. and if it is having a more negative effect, that might cause me to adjust my views somewhat from ones stated. ashley: adjust my views somewhat. to our floor show traders, new construct ceo david trey nor and phil flynn of the price futures
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group. guys, thanks for being here. the question is, what's the play right now with all this unearnty? david, to you -- uncertainty? david, to you first. >> i think we're at the end of the super stimulus, right? it's either going to go down or stay about the same, and so that means the market will be stable because, look, no politician on the record wants the to oversee a market meltdown. but it also means that instead of adding new money to positions, investors are having to be more discerning about where they allocate capital which means fundamentals matter again, right? indices kind of hover and slight moves higher, but underneath there's a lot of carnage, and the market's paying up and punishing companies that are faking it. ashley: phil, same question to, you know, it's interesting, i wanted to ask you about oil. we'll get to that in a minute, but look, there's strong consumer demand, we know that, but there's problems with the supply chain. i hear about it every day, it's not going away, and it's a real drag on the economy. >> it really is.
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and i think that's one of the problems that the federal reserve has right now. you know, not only are we seeing inflation because of these supply chain issues, the question is whether so-called transitory inflation can go away when we continue to have these issues. you know, this is totally the opposite of what we saw during 2008 where it was a demand issue. people held on to their wallets. they didn't have any money to spend. now we have the opposite situation. the economy's growing. if we can't feed that economy, that's going to slow the economy down. so it's very weird situation right now. i also thought it was interesting that we're talking about, you know, tapering when we have this covid situation rising. that could change the outlook, and that's why i think we saw stocks go up and commodities get slammed. ashley: david, with all of these things going on, from an investor's point of view are they going to have to be a little more picky, a little more selective?
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>> i think that's the idea exactly, ashley. i mean, i think you're going to have to stick with companies that actually make money, right? this is where a company like disney starts to separate from netflix, right? disney made 6.5 billion last year, netflix is probably going to lose 10 billion this year. same is true with a walmart versus an amazon. amazon's trading as if profits will grow 20% compound annually for ten years, so there's a mismatch that has been pushed up by a lot of funny money. and i think that's going to shift here as people don't have new money coming in. they're going to be smart about what they do with what money they still have left. ashley: very good. phil, i gotta get to the oil. worst week in, what, since 20199? i mean, are you surprised -- 2019? are you surprised how quickly this has sold off, or is it because the concerns we have with the economy, and the global economy, with the surge of the delta variant? >> i think it is exactly that.
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when you get a situation where you've got opec, you know, supposedly raising production, you've got the u.s. now raising production, you saw rig counts go up for the third week in a row, fourth week in a row, and we're starting to see u.s. production come back at a time when demand could become suspect. i think just like the federal reserve, opec may have second thoughts. they were planning to raise production. we're already hearing report toes that if the prices starts to to down, demand goes down, they're not going to increase production if, they may cut production. and i'm sure that's going to make the biden administration very happy, because i think they were just begging opec for more oil, weren't they? health care m or m, it's going to be a to be -- hmm, it's going to be a problem. ashley: gentlemen, thank you so much, david and phil. thank you for joining us. have a great weekend. much appreciated. we now have some breaking news. the pentagon holding a briefing right now on the situation in afghanistan. there is army major general hank
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taylor saying just moments ago that 5800 u.s. troops are are now keeping citizens safe as those evacuation flights continue. of course, in this comes after president biden called the situation in afgha anihaha of th large lar larnd mt dfi r liftsts,nngnnnn cunsioave h p h pd pd upp d ageed agafn afef befefause wh pre pdentsi aittedmitit sti do he gsp g ctly hct manowy aricansrica main in tinheount ntdentaintd hnt ulse use eve resry packagpapapaepa tsehohoho hooklooklo t get getet of of tht coy.tr h whh u sunding fut feffg anist aan i atsf ng imintomi foc connellon mcshanshsh livm thivee seseithse t t t t ty lahelahe tlahehe,titi nnell,nn it s sohaith assing minut m >> r or i i iyoes. d nnomeneeeee, ashley. we've been waiting on on the president to sake some rater questions on a afghanistan throughout the week, and after those remarks, he finally spent
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about 20 minutes doing this. but first walked into the east room of the wows with his vice president and secretary of state by his side, and he spent the first portion of his remarks defending his administration's effort to evacuate americans and afghans alike from kabul. he does say the pace has picked up saying about 13,000 people have been airlifted out since saturday, and to your point, he says it's been tough, the most difficult quite possibly in history. maintaining that getting out, in his view, was still the right thing to do. here he is. >> just imagine if that attack, if bin laden a had decided with al-qaeda to launch an attack from yemen, would we have ever gone to afghanistan? would there ever be any reason we'd be in afghanistan? controlled by the taliban? what is the national interest of the united states in that circumstance? >> reporter: yeah. so the president says we went in. he said, and the way he phrased it is we did the mission. we did the mission. he went on to say all resources are going to be made available
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to get americans and afghans out of the country, and then if he was pressed to make the same commitment to afghans who have helped so much in 20 years. >> we're making the same commitment. there's no more important than american citizens, i acknowledge that, but they're equally important almost of all those, sivs, we call them, who, in fact, helped us. they were translators, they went into battle with us. they were part of the operation. as well as we're also trying to get out as many ngos, nongovernment organizations, women's organizations, etc., we're doing all we can. >> reporter: he says he hopes the whole deal, the whole evacuation can be done by the 31st of august which is the deadline the president himself set but, again, repeated earlier, -- what he said earlier in the week, he's willing to go beyond that. he says any help that the taliban gets will be based on how they act, how they treat
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women and girls, how they treat their own citizens. and, of course, we've had reports that have not exactly been encouraging. back to you. ashley: no. exact hi right. connell mcshane at the white house, thank you very much. by the way, that pentagon press conference is going on right now. one official there saying that despite all the chaos, they have not directly received any hostility from the taliban. i'm assuming that's involving u.s. troops. they also say that those evacuation flights, the first of those will start landing in germany shortly. so the effort goes on. and and, of course, we'll keep you up-to-date on any other developments. all right, coming up next, could california's mass exodus can actually be helping the state's luxury housing market? interesting question. the surprising stats you have to hear and what million dollar listing's josh flagg is seeing on the grounding in beverly hills. let's take a look at the big board as we head to the break. the dow up about half a percent, 200 points above 35,000. we'll be right back.
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the largest real estate deals los angeles has seen so far this year, buying a 33,000 square foot manages if bel air for the price of $70 million. and california's already hot housing market showing no soon signs of cooling off anytime soon. with l.a. luxury home sales now blowing away 2020 numbers in the first half of this year. so to luxury real estate agent and, of course, star of "million dollar listing: los angeles," josh flagg. hey, josh, how you doing? >> i'm fine. ashley: and you gave us an interview? we are very honored, and congratulations. happy birthday to you. >> thank you. ashley: listen, we're seeing signs that the housing market in general is kind of cooling off a little bit, but what about clubsly real estate -- luxury real estate in los angeles? >> i mean, there's nothing cooling off here.
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it's so ironic that someone woke up in the middle of a pandemic and said start buying real estate. it makes zero sense. [laughter] it's just getting -- i mean, right? it's just insanity. ashley: right. >> you know, let's roll with it. ashley: you know, one thing that we've seen in real estate is bidding wars. there's just not enough homes on the market, so these prices are being pushed higher and higher. if i list a home for $100 million, could i expect to maybe get a little bit more because of the competition? >> no, not in that price range because there's not enough people to bid up the property. if you put it on the market for 48 million and it was the worth 70 million, but that's very rare. ashley: but are you generally getting the asking price? >> not on $100 million houses, but on the properties that are around 10 million, sometimes there's overbidding. ashley: that's really interesting. what about inventory? there has been a tremendous lack
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of inventory. what about in the luxury sector in your, in the l.a. area? >> well, that's part of the problem. there's, you know, like, i live in the flats of beverly hills, and there's usually ten houses available. i looked this morning, there's literally two available, and they're, you know, enormously overpriced and not even great houses. [laughter] i mean, you can't find anything. ashley: that's a huge problem. also, let me ask you this, josh, we hear about more people moving out of state as opposed to coming in. does that make it hard for you? i know you're in a very select kind of part of the real estate industry, but people are leaving california. they want to have hoe arer taxes, they -- lower taxes, they want to get more bang for their buck. is that impacting you at all? >> well, that's interesting you say that because, you know, when this whole thing started happening, we thought there was going to be an exodus of people
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leaving california because of taxes but, shockingly, i have a lot of friends that are leaving for a certain amount of time, six months here, six months there, but we're not having a ton of houses hitting the market because people want the leave. you know, there's a lot of people actually buying in california right now. yeah, that never really is -- that has not affected us as of yet. ashley: i notice two of the most expensive homes in l.a. county were just put on the market, one with the price tag of $160 million, another for $250 million. how long, just out of interest, how long would a home at that price level take to sell? are those the kind of homes that kind of sit around for maybe a year or more? >> i mean, you know, it's like a house in bel air sold for $160 million to lachlan murdoch. it's one of the greatest estates of los angeles, by that far, ani thought he got a great deal on
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it. houses of that price range can take a good while because how many people can afford to buy a $160 million, but that house is worth every bit of 200, $300 million. ashley: how's the tv show going? are you getting recognized everywhere you go now, and has it generated a lot of extra business for you? >> well, i've been doing it for 13 years which i can't believe, just figured that out. [laughter] and, yeah, especially because i'm only 22, right? [laughter] ashley: i didn't mean to laugh, yeah. >> yeah, right? it's an amazing thing. it's a great tool and it, obviously, helps a lot. and we're coming out for our next season in just a few weeks, i believe. ashley: very good. so when you spend your time around these luxes are i homes, do -- luxury homes, do you do a lot of day dreaming yourself? >> you know, the great thing about this job is that, you
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know, i love interior design and architecture. we're building a home. the greatest thing is i see these homes all the time, i get an idea -- unless you're in a, you have a decorator or in real estate, what better way do you have access to see beautiful surroundings? ashley: l.a., i mean, you know, listen, it's not new york, you can get some land with your property. but what is the most important aspect -- i mean, obviously, it's given, right in you're going to spend this luxury money, you're going to get a swimming pooing, what are some of -- pool, what are some of the more unusual things that buyers want? >> you know, obviously, you know, it's funny, in the '80 and '90s it was all about a tennis court. today that's not even important anymore. it's so funny how thing change. the screening room is important, the home gym is obviously important. i think, you know, the home gym and the home screening room are the two most asked-for things.
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ashley: very good. well, we kept you on the line on your birth cay for quite some time. -- birthday. again, happy birthday to you and best of luck with the new season of the show. >> what'd you get me for my birthday? ashley: i got you this interview. i hope you enenjoyed it. [laughter] >> i wanted money, but okay, fine. ashley: okay. next year. i'll always remember. josh, thank you so much. [laughter] >> you're welcome. ashley: quick, quick, he's wanting a present. robotics making a leap into the future thanks to artificial intelligence. the boston dynamics is not the only titan or tech titan with a robot with sweet moves. coming up -- boy, that is mesmerizing. coming up, what elon musk revealed at tesla's a.i. day and how he hopes to bring tesla's humanoid robot to a bans floor in your home -- dance floor in your home. the dow up nicely, 223 points. "the claman countdown "coming right back. ♪
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ashley: spotify hitting the right note y pop stocks, about to snap. a five-day losing streak after announcing plans for a billion dollar stock buyback. spotify up 5.5% right now. foot locker rallying on a 7% jump in same-store sales. the retailer's send quarter results hitting all the goalposts, exceeding estimates for both quarterly earnings and its full-year forecast, and as you can see, up 7.25%. good for foot hocker. meanwhile, foot locker's first profit beat in five quarters also giving a boost to the sporting goods arena. academy sports seeing the biggest gain right now, up more than 5%. meanwhile, mud rick capital's sliding down after canceling its $1 billion plus spac merger deal
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with topps. that move coming as major league baseball is ending it longtime contract with the baseball card giants. lordstown motors, though, getting recharged after shares hit their lowest point ever. lordstown plunging 9.5% yesterday after its shareholder meeting was convened for only ten minutes. the ev truck maker has tanked 73% since january 1st as the doj investing fraud claims only to originally alleged by short seller hindenburg. shares not worried today, apparently, up nearly 9.a 5% for lordstown motors. meantime, ev auto giant tesla revealing plans for its humanoid robot during its a.i. day, elon musk explaining that the tesla bot will operate using the same a.i. technology found in tesla's cars' autopilot system and a
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prototype is expected to be ready sometime next year. that's a human, by the way, in that costume. but that wasn't the only exciting update that tesla shared during the event. lauren simonetti joining us now with a breakdown of tesla's car chips and a.i. technology. wouldn't we all like to dance around in that white suit? >> it's friday, ashley. i want to get my move on, that what he did? the jump rope? that was great, right? if. ashley: yeah. >> i'm weirded out by this event, and i love how you pointed out it was a human address dressed as a robot. elon musk was showing that the company has their latest gee whiz, and he highlighting the synergy. >> arguably the world's biggest robot withics company because our cars are robots on wheels. it kind of makes sense to put that onto a humanoid, so we
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think we'll probably have a prototype sometime next year. >> he admitted that this robot reality is likely years away. that's when a machine can serve as a personal if assistant doing things we either don't want to do or are too dangerous to do. not everybody is convinced including musk himself. while the bots might solve the labor shortage problem, they might also create the need for pay humans some sort of stipend if their jobs are displaced by technology. and that robot, because of the dance moves and because of the human, it is distracting investors and even potential recruits, ashley, from the other controversial technology; namely, tesla's autopilot software. coming under fire after a series of crashes and raising red flags why some owners paid up to $10,000 for full self-driving, a feature that was promised two years ago. and that that's the point, it's tesla time for these pie in the
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sky dreams of an iconic ceo. and, honestly,ing ashley, this is a recruiting vent. that might be the best strategy of all, you get access to elon musk. ashley: yeah, that's a good point. listen, as long as it can make a good cup of tea and do the ironing, i could be interested. >> but if it's the same technology as the cars that are crashing, i just think of a robot loading the dishwasher, which i hate unloading the dishwasher -- ashley: yeah, i'm with you. >> somewhere because, i don't know, a sensor went awry. it could be dangerous. ashley: that's very true. the teapot could be broken, and that's just not acceptable. all right, lauren simonetti, great stuff. [laughter] >> have a good weekend. ashley: appreciate it. you too, lauren. let it ride. the man making a $17 billion bet on las vegas' comeback. the ceo of a casino land lard vc properties will be here. let's take a look at the markets
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as we head toward the weekend. the dow up 224 points, s&p up, nasdaq up more than 1%. nice way to, finish out the week. we're coming right back. ♪♪ cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go. (in unison) thank you mckayla! dude, get it. i'm not getting it, you get it. you threw it. it's your frisbee. geico. switch today and see all the ways you could save.
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call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763 ♪♪ ashley: nevada lagging behind the rest of the united states e when it comes to vaccinations. the state has only 46.3% of its population fully vaccinated behind a national average rate of 51.7. but the news not slowing down the growth of vc properties, soon to be the largest land owner on the las vegas strip in a deal valued at $17.2 billion. joining us now is the ceo, ed pa tone yak. ed, great to see you. let's talk about this deal right off the bat. why is this a good deal in your mind, and why now?
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>> yeah. it's fundamentally a very, very good deal for vici and shareholders because it brings together really a best, the in classics appearance, real estate portfolio in america together with what we think is the best management and governance platform for experiential reality in america. in terms of why now, really it's an opportunity for these two portfolios to come together the at a point when i think the investment world, particular ifly those who invest in the -- are growing many recognition that gaming real estate has proven itself during covid and with secular tailwinds behind gaming. it's a great category to be in right now, and this coming together of these, they're coming together at an optimal time. ashley: very good. look, we said at the very top that nevada is lagging behind when it comes to vaccines,
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vaccinations. how are you keeping your staff safe? and i guess the follow-up would be are you concerned that we could see another slowdown with the surge in this delta variant? >> yeah. so one thing i should make clear is that because we are a real estate investment trust, we do not operate the properties. the properties are leased from us by our operating partners k and those include today caesar's, penn, hard rock, century, and that are soon include mgm as well. and what we have great confidence in is the operators' ability to operate these properties safely both for their associates and for their guests. since nevada authorized the reopening of casinos in las vegas and across nevada back in june of 2020, they've run safely since then. you've seen announcements like the one out of mgm this week where they are mandating
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vaccinations for salaried employees and all new hires of all kinds. so the commitment is very, very strong, and the intensity and rigor with which they operate their businesses gives us great confidence they will keep them safe. ashley: has the pandemic given your company opportunities with regard to commercial real estate? i mean, i know it's within tough on everyone. but -- been tough on everyone. but on the other side of that, there season some opportunities presented. has that benefited your company? >> i think the principal benefit has actually been the validation of our real estate in terms of its cure about through all kinds of -- durability through all kinds of event ares. and to be honest, we never fully attempted something like the covid pandemic shutting all of our properties, which is what happened in the spring of 2020, in april and may. but because our tenants were able the continue to pay all of their rent in cash and on time, it's been a great validation of
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our sector and the value of our sector has increased accordingly. beyond that, yes, it has created opportunities, most notable of which was our ability to acquire the venetian, the largest casino gaming resort in america but, frankly, one of the largest resorts in america of any kind. the single biggest hotel in commercial 2.3 million square feet of trade space making it the biggest privately-owned convex center in america -- convention center in america. we were able to announce that on march 3rd when others didn't know they were ready to come back into real estate yenly and this category -- generally and this category specifically. ashley: ed, thank you so much for taking the time to chat with us. we do appreciate you. thank you. >> my pleasure. ashley: all right. thank you. no stranger to fighting,ly
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gasparino talks to one of boston's all-time greats, manny pacquiao, about his upcoming fight, politics and how he invests the millions he's made during his illustrious career. charlie breaks it next. don't miss it. and let's check the big board as we head to the break. the dow up 231 points, six-tens of a percent gain. "claman countdown" coming right back. ♪ ♪ te that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ before nexium 24hr, anna could only imagine a comfortable night's sleep
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the original digital currency to its current holdings, ether and coyne also moving -- litecoin also moving higher. and for its part, the crypto exchange also up on its latest bitcoin buy, shares up 3.25% for coinbase global. all right, let's get into some boxing. legend manny pacquiao heading back into the ring tomorrow night if defending his title as welterweight champion as a cuban boxer. i think i got that right. yugas, yes, boxer -- >> you got it right. ashley: our own resident boxer, charlie, "the hitman with" gasparino. >> my amateur word was, i believe, 3-1, this guy has eight, eight world championships. so just -- ashley: that's pretty good. >> and i think one of the wins was a guy that didn't show up for the fight. but anyway -- [laughter]
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we got all that straight. welcome back. ashley: the girl scout didn't show up. >> great boxer, as we all know, eight-time world champion. he's fighting tomorrow night. great entrepreneurial. political activist. we're going to get into it all today. but let's start with his boxing career, where he sees it going. let's hear what he has to say. >> my plan this time is just one at a time. finish this on saturday and then another fight, if there is more. but it could be this is my last night or there is more. i don't know. i mean, i have another job that i need to focus on. >> now, that was interesting. listen, it was a hard interview, i must admit. manny is very it is a turn. where he got animated -- taciturn. where he got animated was that other job. and that's taking on, possibly,, the president of the
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philippines. manny's currently a senator, i would say likely taking on the president of the philippines, mr. duarte, next year in the presidential election. let's hear what he had to say on that. >> i don't say that i don't support the president. i support the present program as long as the nation is benefited. i just want to serve the people and protect the people. i don't like corruption. i hate, i really hate corruption. because of corruption, we don't have economic growth and development. we, the people are suffering. our country's suffering. >> he doesn't like duarte. they used to be friends, by the way. falling out recently, it's pretty clear. duarte came back and said manny is punchdrunk, so i think that
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fueled his ambition to run against duarte next may. in the meantime, manny pacquiao is a entrepreneur. of he's worth about $200 million, he's in various interests, one is next level hydrogen water, which i've tried. it's a great drink pre and post trend use workouts. he's also into crypto. let's hear what he has to say. >> it's called the pac token, as i've heard. tell me about that. >> they helped me develop and kick off a pac token. so we just started right now. it's good. good business also. >> do you use bitcoin and crypto to pay for stuff? [laughter] >> yeah. usually we, we're starting using that. >> as you could see, it wasn't an easy interview. [laughter]
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i mean, you know, he's very taciturn. and i would say that the one thing he got animated on was, you know, he went after duarte, and he clearly wanted to run for president. we should put out, ashley, we have a long are form story about this on foxbusiness.com which'll be published soon. it was my pleasure really to -- he's a gentleman. but, you know, listen, he speaks softly but carries a big stick, as they say, right? is that what they say? ashley: yeah. that is right. he carries a big boxing glove, but he is very measured, i think is another word. >> he really, really started opening up on duarte. so you could tell it's politics that's his passion right now more than boxing and, cheerily, more than -- clearly, more than the pac doing or whatever it was called, the pac token. a. ashley: well, he should offer to fight duarte, but i'm sure toward today would not take -- >> but they're gonna fight next may. i'd put money on it.
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ashley: good stuff, charlie. thank you very much. charlie "hitman" gasparino. yoga pants and active wear becoming one of the biggest retail battle fronts in that sector. up next, today's countdown loser says there's one name that has more muffle to flex than all the others -- muscle to flex. he's going to reveal it. as we head to the break, the rally continues. up nearly 250 points. we'll be back. ♪ ♪
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>> because he got ringing in just about six minutes from now, getting ground to wrap up the wake. but it wasn't such a pretty picture for the makeover all in the dow and s&p 500, snapping the two week winning streak and down 1 percent over and s&p 500 down about half a percent the nasdaq is down two weeks in a row by three quarters of a percent as you can see from that
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the kroger, was the s&p 500 the biggest winner from the supermarket hit an all-time high this week after warren buffett's pathway raised his date by 21 percent for the week in progress near 10 percent and also record highs this week nasdaq winners up to the uk approved a cocktail developed by the company and what is to prevent and treat covid-19 and that stock is up six and a half percent and boeing was the biggest drag on the dow but after a russian airline pulled out of the contract for 20 jets and is star line of capsule was pulled off in the launch pad was signed on indefinitely with a problem valve problem all that combining to get going, nine and one third percent for the week. will that covid-19 fierce benefactors leaving the market starting this week but our countdown closer has a name that he said is primed to cash in and you can cash in on during this
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period and to carter for the portfolio specialist and director of the institutional development, that is a heckuva title you must have a really big business. carter thank you for joining us with most of america, corporate america still working from home to varying degrees, and yes they wear a lot of swiss sweatpants and casual clothing, you had one name in particular what is it. >> first thank you for having me on the show today. that particular stock, lululemon, we believe that the laser trend that took off over the pandemic and, will be here to stay for people moved to a flexible schedule and more time at home. we also see people having a total focus on health and wellness and coming out of the pandemic and they're building a global health brand with clothing and fitness and products as well.
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>> i know you said lowe's is another name on your reader, what is your feeling behind that. >> yes so we were positive in the long-term outlook for the u.s. home improvement and the housing prices continued to move upwards and there's been a record in equity loans so even though we saw slow down at in the projects in recent quarter, lowe's is focusing on the professional commerce which he dated which allowed them to have begun earnings. it. >> so carter, are you concerned that some analysts are rightly so, search and delta variance could really have a big drag on the economy. it's just now trying to get back on his feet. >> living despite the delta variance in the case numbers, economic recovery remains in check at least for now. you look back at the july a drop in the employment rates to 5.4 percent which tells us that those who want to get back into the work force and finding those
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jobs in the right jobs and you also look at the production, the rebounded to pre- pandemic levels and i see in one place where i am concerned is about the u.s. consumer and even though we have heard from ceos of target lowe's and the consumer remains less retail sales, not impressed at all. >> and i want to bring up the fed if i can because of course on the fed. if they began tapering and he may put this off now because of that the number of factors to what is your plan for the markets and what is your kind of strategy of indeed week see that tapering. >> i think the inflation remains a key indicator for most investors. and i would say the policy pretty think the market is okay for right now and expects the tapering to come later this year, the first half of next year but will be reducing the delta cases surge from the economic benefits oh, that would
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be turbulence into the market read. >> know that any areas carter that you're avoiding right now. >> just from the general standpoint and who we are, we have never invested too heavily into energy. so that's a second that we don't like that operational businesses of energy so we been clear from there. >> interesting it and what about the financials, we always talk about the financials in a very low interest rate environment. but either some deals in that space, isn't 11 that you like. >> yes, we have a copy and a commercial lending bank, that will be a huge positive. and the acquisition of which is our studies show positive signs. we also like to integrating technology across their business model.
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in private equity. >> terrific stuff and great information thank you carter for joining us today. we do appreciate it. and as you can see markets up for the day before down for the week in the dow is up 227 predict kudlow is next and have a great weekend everybody. >> ♪♪ ♪ ♪♪ hello everyone and welcome to kudlow and i am larry kudlow is going to be with you today. so president biden giving the nation and update on afghanistan evacuations from the white house predict and fox news white house correspondent has all of the details. good evening jacky pretty. >> good evening. i was in with president biden one thing was incredibly unclear is whether the president intends to use the u.s. militaryo
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