and please keep us touch and posted, blake and josh, the company is laborjack. that is it for "making money" charles will be back tomorrow, but make sure you tune in every tuesday night, 8:00 p.m. eastern time, american dream home followed by mansion global, that is right here, fox business prime. myself and casey macdonald got your real estate needs covered. liz claman, i'm feeling very met a. liz: and kenny polcari, dude, you look old when you say you don't want to be in the meta verse. cheryl, it was crazy what mark zuckerberg just unveiled. we're going to show you the highlights from it in just a second. we'll show you that wall street actually really likes what's happening in washington at this hour, the s&p and the nasdaq aiming for new record closes, investors snapping up stocks as we wait for a vote on that bipartisan infrastructure bill that could happen as early as today. markets charging higher dow up

139, s&p up 35, nasdaq up 182. president joe biden giving light to the markets after announcing what he calls a historic economic framework of a $1.75 trillion social spending bill. we will look at the fine print with a live report from the white house. facebook, meet the ceo of meta, at his facebook connect event today mark zuckerberg put his money where his virtual mouth is in what has to be one of the wildest unveils ever. zuckerberg announcing a new name for the company, meta, and he showed how he's going to spend $10 billion to develop the so-called metaverse. >> hey, mark. >> hey what's going on. >> what's up, mark. >> we're floating in space? who made this place? it's awesome. >> right? it's from a create or that i met in la. >> this place is amazing. >> is that you? >> of course it's me. >> you know i had to be the robot, man. >> i thought i was the robot. liz: oh, how very life-like, mark. yes, you're less than a robot

now you're definitely more like a hologram. all right and what about what they're doing from attending a concert as a hologram with a friend whose half way across the country, yeah, they showed this , where people are rocking out two friends dancing together , but they aren't even in the same room, to donning a pair of the quest glasses to attend a master class on astronomy that gets you up close and personal with the planets and the stars, this metaverse promises to give users a deeper feeling of presence. the stock spiked 9% on the name change news, right now it's up 3 %, still all good, right? not so fast as an early facebook investor and advisor to zuckerberg. the silicon valley legend and co -founder of elevation partners is here on why he says we are headed to catastrophe unless facebook, meta is reigned in by voters and regulators and let's get ready to rumble, tech titans

apple and amazon report earnings after the bell, our panel here to tell us what you've got to watch out for ahead of the big releases. we've gotta get to this breaking news, d.c., president biden now on air force one heading to rome for the g-20 summit but he spent the morning walking the halls of congress ensuring that fellow democrats were on board with his subsequent announcement that there is now an agreement on a $1.75 trillion social spending bill. the house rules committee holding a meeting on the build back better plan right now. this will provide free kindergarten to millions of kids , expand healthcare programs and invest billions in clean energy among other things. the president calling it historic and says it will fundamentally change the lives of millions of people for the better. this part of it is very crucial, because it opens the door to a vote on the infrastructure bill, the nearly $1 trillion bipartisan infrastructure plan. we are hearing we could get a vote in the house soon, maybe the next couple of hours.

that would sync it up with the senate and send it to the president's desk for a signature to become law and as the markets charge higher on that possibility let's bed to edward lawrence live from the white house for the very latest edward this thing changes minute by minute. reporter: it really does the video you saw of the president on capitol hill he came back to the white house and made the big announcement, trumpeting the fact that he had a deal on the framework, now that framework meant to send a message as he is now on the way to rome for the g 20 other world leaders as well as talking about that climate change conference he's going to in scotland a message for that but one thing that he wanted that is not in this was paid family leave and he campaigned on that. >> no one got everything they wanted including me, but that's what compromise is. that's consensus, and that's what i ran on. i've long said compromise and consensus are the only way to get big things done in a democracy. reporter: the problem is, this isn't quite done.

now we're seeing a lot of theatre here, the fact is september 23rd what you're see ing here secretary yellen, house speaker and senator chuck schumer announced a frame work over the pay-fors in this deal and we are a month later announcing the other for the pay -fors in this deal, right now there is a senate committee and emergency rules committee holding a hearing about this deal, the text has now been released on it and senator bernie sanders, this is what he says about his support for this. >> my best to make a good bill even stronger. what we have said, as all of you know, from day one, both of these bills are linked. i support the infrastructure bill but i want to see a strong build back better bill as well, and they're linked together. reporter: and progressive members of the democratic caucus also saying that those bills are linked together and they say they will not vote for the bipartisan infrastructure bill without the social spending bill. listen.

>> we are also absolutely committed to staying through the weekend, staying here until we get the full text of the build back better act, written, we intend to vote for both bills when the build back better act is ready. reporter: and so liz, here we are, again, just like september 23rd, although groundhog day almost. back to you. liz: although it feels like we're closer, edward, interrupt us if you get anything more, edward lawrence live from washington d.c. so, it is pretty evident that the biden spending framework is juicing the broader markets and giving the bulls enough energy to high jump over what was not such great news this morning, the first print on third quarter gdp, the number came in at 2% below the 2.7% forecast, and way below the second quarter 6.7% growth number. add sizzling earnings though into this mix, and it overtakes the negative news and you've got

a winning market look at merck sitting at the top of the dow 30 the pharma giant hitting a two- year high after reporting it sees up to $7 billion in covid-19 drug sales, you've got merck up 5.5% flip it over to caterpillar, on the dow, cats profits doubling in the third quarter. would have been higher if not for supply chain problems. everybody complaining about supply chain, right? the heavy machinery company see ing strong demand for its earth moving equipment, even if it's forced to raise prices again, you've got cat up 3.5% and ford, look at ford jumping 8.9%, gunning the engine close to the top of the s&p 500, shares at their intraday hitting the highest level since 2014 after increase in guidance and reinstating its dividend despite, put it on the real, right? the supply chain and chip- shortage problems and of course you can't talk cars without looking at tesla. ceo elon musk tap dancing faster than analysts can update their price targets on on the stock.

they keep having to change them because look at this now, tesla which had a couple pt's at 1030, 1040 just in the last 24-36 hours, we're at 1070 right now a gain of 3%, and that is helping other ev maker shares along for the ride. lucid, workhorse, everybody moving higher with lucid up 27%, workhorse better by 8%. so much news, right let's bring in our floor show traders sarge guilfoyle and phil flynn. what are you selling in the middle of this very legit rally here? >> you just named some of the stocks i've been selling, ford motor, lam research, digital turbine, merck, service now. if it's up a lot and i own it i probably sold some today. what did i buy today? i bought a little lockheed because it's down a bit the last couple days and i've been trying to fix that position because it got smacked in the teeth back on tuesday. liz: okay and what do you think of this rally? is it that we now might have some big spending bills, whether

you like that idea or not, that will certainly flow through to infrastructure names and other names that might be related to what's in, at least, one of these 2,000-page bills. >> it's a couple things at work here. the markets obviously prefer a 15% corporate minimal tax over a 25% corporate tax rate. the market definitely likes the gdp print that gross private domestic investment and final sales to domestic purchasers, what we need to be strong was strong. the weakness was in durable goods and non-defense spending which that you know that's temporary. the non-defense spending was a pop because of covid and the durable goods orders is a supply chain issue so we think that's transitory, i know you don't like when i say that and that's probably part of our inflation problem but gdp even though the headline number was worse than expected, the numbers were much better than feared. liz: phil, we got some breaking news out of the white house. there's apparently a gaggle going on and the white house is saying that we must not

eliminate fossil fuels as we transition to clean energy, and as we wait on chevron and exxon-mobile earnings, we know that chevron is coming out tomorrow morning both those ceo 's and chiefs of bp shell, the american petroleum institute were hauled in front of a house committee on spreading climate misinformation a lot of this swirled around whether big oil is supportive enough of the electric vehicle revolution, which they said they were but things got testy when congressman ro khana of california pointed out that if that is true and they are supportive of it then why won't they speak out against the american petroleum institute which they say is undercutting electric vehicles. listen. >> will you tell them to stop, you tell them to stop the advertising. >> yeah, mr. khana we've been in active communications with ap i now from the time i joined. >> he's sitting right next to you on virtual screen. just say stop. just speak plainly and say stop the advertising against electric

vehicles. come on. will you do something here, would you commit to saying you're not going to fund any group that's going to engage in climate disinformation at least? liz: and, there you are, except that now you've got the white house saying, don't worry about it. we do not have enough of the new cleaner energy right now to immediately turn the switch off fossil fuels, so we've got big energy names moving higher, phil >> who told them? who told the white house? i mean, come on. this is a shock. they acted like for the last couple of, you know, since they have been in office that they thought that we were going to get rid of forensics. they killed pipelines, investment, scrutinized companies now that invest in fossil fuels and now they are saying we need them. the problem is we're getting them from russia. listen, bottom line here, washington, this is a song and dance. they are starting to spread misinformation about their policies because their policies have led to higher gasoline

prices and heating bills and all of a sudden, they've come to a realization that they need fossil fuels and they need american fossil fuels. you know, this show trial in washington is ridiculous because somebody has to tell the truth about electric vehicles, and its impact on the environment. i don't think we're hearing that out of the biden administration about the amount of energy and chemicals it's going to take to produce this and the fact that it's going to be a real drain on the power grid. liz: although, bp ceo says they're totally on board they have 7,000 charging stations he said they will have 70,000 by the end of the decade, so, these oil companies are investing too. all right we're watching it all and more thank you, sarge, phil, we appreciate it check the dow up 134. home prices still near record highs, but sales now slipping, is the seller's market about to end? we're going to ask the ceo of parent company of real estate giant century 21, coldwell banker, and more, with the

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liz: we've got pending home sales for the month of september dipping 2.3% in september. that the eight-tenths of a percent lower compared to september of 2020, the unexpected miss comes as mortgage rates rose sharply last month from 3.09% to 3.14%, i'm guessing that's a 30-year fixed rate. so could slowed down sales activity be a sign that the sun is starting to set on what has been a sizzling seller's market? realogy holdings has 19 6,000 real estate agents we counted them employed at the many companies under the umbrella from coldwell banker, better homes and gardens, century 21, s otheby's, you name it, ceo ryan schneider says he expects the streak to continue but ryan, you can't deny that when pending home sales go down superimposed over inching higher mortgage

rates, you've gotta figure it might start to convert to a buyer's market at some point. what do you see? >> well, liz, thank you so much for having us. you know, we see a seller's market continuing. there is a huge amount of demand out there for housing, and frankly, there's just not enough supply, and you can see that in the price appreciation that's going on. while a few numbers like septembers have gone down a little bit year-over-year, you've gotta remember, the second half of 2020 was a phenomenonal growth for housing a lot of stuff fromq 2 when covid got pushed into the last half of the year and even though a few of the numbers are a little bit lower than last year right now, they're very substantially up still versus any year in effectively the past decade, and i'm hearing from our agents every day if there was more houses available to be sold , that they absolutely could sell them and at good prices. liz: well then it's really on the shoulders of the home builders, is it not, to get

going on building more homes >> well, we're always rooting for the home builders. you know, i think america just didn't build enough homes for the past decade when you look at population growth and household formation, and the increased demand that's kicked off from remote work, from people moving to better tax and weather geographies and things like that recently has really shown that there's just not enough supply of homes available given the demand and you're seeing that in the prices go up in the home owning market. you're also seeing prices go up in the rental market, so we're rooting for the builders. we're excited for anything that they can do to build, and we're here to sell as many homes as we can and we could sell more if there were more available. liz: what do you say to people because i hear a lot of my friends say prices are so great we're going to sell our house or our condo, then we're going to rent until the market gets less expensive. renting is insanely high. it's unbelievable how high prices are going.

i was talking to somebody who just said five months ago he looked at an apartment that was new york and it was 3,500 and it's now 5,000. >> that anecdote, liz, is exactly why i believe there is really strong demand for housing you're seeing it in the home sale market. you're seeing it in the rental market, and the idea on betting on housing prices going down i don't think is a great idea. we are seeing a lot of people choose to pickup and move to the floridas, texas, idaho, utah, montanas of the world and that's helped drive the housing market, but just stepping out of your house to wait until the market goes down isn't what's been happening in the numbers. liz: coldwell recently acquired the new york luxury farm warburg you guys already have sotheby's talk about the luxury market what are we seeing there, do those prices continue to rise at the same pace that the basic homes out there do? >> yeah, well look. realogy, we are a full spectrum

player but we are the number one player in luxury across many of the brands you just named and we were excited to expand our luxury network with that acquisition. luxury had a very strong performance in the last year or so. a lot of the trends that i just talked about skew more toward the luxury side of things, and that market has the price increases and some of the inventory issues that the whole market has, but we've really liked our luxury position and we've gained share overall and in luxury in the last five quarters in a row, and so we love the strengthen the luxury market for our financials of our company which have been increasingly strong. liz: well, as i look at your stock, you're up 100% year-over-year, up 44% year-to-date, clearly this is quite the big move. ryan, thank you very much, so wait, so your recommendation is you want to be really careful about selling your house and then renting until you think the market is going to go down. >> yeah, we want more people to be selling their house, to help

on the inventory front, but i believe that you want to sell your house to move to some place else, not just rent. liz: renting, oh, its gotten expensive. facebook, thank you very much. we've gotta talk about facebook, trying to prove it's more than just social media today as it introduces the world to its version of the metaverse complete with holograms and super realistic looking avatars where you can talk to people who aren't even the same room with you and touch and feel all kinds of things buffets book's got problems, according to early investor and silicon valley legend, roger macname, he's here to tell us that we're headed to catastrophe unless somebody reigns in facebook. he'll explain why and what needs to be done plus the crypto world buzzing as bitcoin bounces back over 61,000 per coin, that and more in today's pop stocks closing bell ringing in 38 minutes, look at these numbers dow up 141, the s&p only needs

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liz: fox business alert, the coinbase, you were absolutely thrilled this morning if you own it. right now you're asking, what happened into what's going on? look it's still up about 1.6% but shortly after 10 a.m. eastern, coinbase surged as high as $327 a share. right now it's at $316. either way, welcome news after yesterday's sell-off. what really got it moving this morning the crypto exchange giant received a buy/high risk rating from city bank this morning. buy/hi-risk okay,, the cryptos, although in rally mode at this hour, bumping back above 61,000 earlier for bitcoin, its

moderated just a bit at 60, 205 at the moment. ethererum and litecoin following suit, litecoin better by nearly 4% the crypto miners are also feeling the ripple effect, blockchain, marathon, digital and riot all moving higher with a high of really leading the way here up 4.6% but not every name is looking rosie. ebay tumbling bias much as 9% after the e-commerce giant post ed a disappointing fourth quarter outlook in earnings after the bell yesterday. right now, it's still down about 7 1/3% and northrop grummon falling 8.6% we're getting very close to yeah , we're pretty much at the lows of the session, even as northrop revealed huge strides on its supersonic air breathing weapon, announcing it completed its very first successful test flight of the missile that flies five

times the speed of sound. a mile a second? really? okay, northrop at the bottom of the s&p kind of crawling along at the moment. facebook ceo mark zuckerberg transformed the lives of million s around the globe with his social media platform but now, he's got a new vision, the metaverse. look at that. that's his avatar. what is the point of all of this what does it do? what are the great consequences and what are the unintended consequences? we'll ask silicon valley's early facebook investors extraordinaire roger mcnamee next, closing bell 31 minutes away and trust us, roger is not happy. dow, you've gotta be happy with that if you're a bull up 136, s&p charging higher same with the nasdaq, we are coming right back.

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liz: oh, boy, facebook meet meta

, your new replacement the new name reflects the company's push toward the metaverse this new virtual reality world where users will be able to join in games, work, live with just a login, and a virtual reality headset. after the new announcement, facebook, or meta shares, did jump up 9%, they have moderated they're now up 3.7% at the moment there will be a new ticker as well, mvrs. metaverse, and will begin trading on december 1 but the new announcements & company rebranding come in the wake of disturbing in-house documents showing that facebook refused to alter its business model even in light of proof that the site amplifies hate speech, misinformation and content dangerous to teen's mental health and since the whistleblower's accusations, major other players and facebook investor cheerleaders are nowism pressing disillusionment with the social network in a time magazine column, you look at the cover of this thing, it says

delete facebook? october 25, 2021 entitled facebook will not fix itself. early facebook investor roger mc na e sofilicon fabookbog tghis. this.stedst inin essen ecess,ence,,kakare t. e not have hav hav that that ful ohohoho got ar the i tnehevi i resviultvi designignig furerth by cony will willy resultesultp ch we m w not recov rec r r from a a genationr. the facebook whistle cus youyou a real investor named roger mcnamee, the author of that article. we bring him in now, roger of elevation partners. okay first i need your reaction, right now, of exactly what you think of the metaverse news. >> so everybody should keep this firmly in mind.

this was not something that they've been thinking about for a long period of time. this was something they put together in desperation to try to divert attention from the inevitable, you know, pushback that the whistleblower has caused by providing evidence of irresponsible management and potential felonies committed by facebook in pursuit of profit and they're trying to distract journalists and policymakers. the thing to keep in mind is they would also like to change the structure of facebook, to find some way to insulate mark zuckerberg from accountability for all the harm that's been done by the company on his watch now, if i were a journalist or if i were a policymaker i would keep my eyes firmly on what the whistleblower released because that stuff is not the whistleblower complaining about facebook. those are internal documents created by the best people inside facebook, shared with all of the employees that management

disregarded consciously, in pursuit of profit and disregard ed, if you will, for the public interest. liz: what we're seeing on the screen is mark zuckerberg with his avatar and an avatar- type fireplace that looks realistic. some of them look just like basic animated characters but you're saying that this whole thing was put together to insulate zuckerberg from future, i would imagine, litigation. when you say catastrophe, what do you mean, we're heading towards catastrophe if facebook isn't reigned in? >> well the fundamental problem is that facebook has undermined democracy, for a democracy to work, people have to have a shared understanding of the facts and then they disagree about what to do about it. you have conservative points of view, you have liberal points of view, but everybody basically shares a set of facts and then they have their own view on what to do about it. the problem is that facebook has created a giant network with

3 billion people, and a business model with two defining characteristics. it starts with having perfect information about each person. they literally have a model of each of us, and they're able to use that to both predict our behavior and more dangerously they use recommendation engines to manipulate our behavior and they do this by grabbing our attention, by shoving really emotionally-engaging content so think about it, hate speech, disinformation, conspiracy theories these things are all incredibly engaging so they pump that stuff in there and the result is there are a lot of scams and crazy ideas have been thrust from the fringes of society into the mainstream, and as a consequence, half the country can talk to the other half. we don't have any shared sense of what it means to be an american, and that's unbelievably dangerous. it's not good for anybody, not left, not right. liz: okay, roger, do you foresee that these pretty pictures and these beautiful scenes of people

working out and in these metaverse areas, i mean, he even referenced peloton almost taking a swipe saying now you can be in the metaverse on one of these bikes or you can play basketball with your friends i think we've got video of this , not to mention actual opportunities where you can go and play chess with people who aren't even near you. i want to play that sound, and then i want to know what you think could be insidious or frightening down the road when it comes to privacy and safety, regarding what he is unveiling today. listen. >> let me put my game face on so i can beat you. >> okay, check. >> i've gotta sign up for the game face next time. liz: this all looks like a lot of fun. i immediately see issues. i see , i'm just a mom, so i'm thinking pedophiles who managed to get into chat rooms may present themselves as puppies with candy, and lure children

into these metaverse areas, but what do you see that's worrisome >> yeah, so liz, the fundamental issue here is that the notion of creating virtual reality has been a dream in silicon valley for probably 25 years. liz: is it a bad dream? >> they've been, well to be clear, there are ways to do it, that would not be harmful. liz: okay. >> but mark's vision of this is one where we controls the whole environment and because of that, they're going to be able to intrude on many more parts of our lives, aspects of our live, that historically have been intimate, and they're going to have the ability to manipulate behavior, because they can control all of the menus, they can control all of the interaction, and they can insert things into the games and into the experience that drive our behavior one way or another and so if you look at this , the issue that you raised with kids is huge. kids are not prepared emotional ly to handle the kind

of manipulation that you see on instagram today and the metaverse will be much greater. the only thing saving us today is that the technology still is very primitive, and the experience will not be anything like as good as they're trying to make you believe. it will be eventually but it's not there yet and thank goodness for that, because we need time. human evolution is very slow. computers been moving incredibly rapidly and the result of that is that it's possible to use computers to do things to humans that they're not aware of that are incredibly harmful. you see these kids with eating disorders on instagram and you see the human trafficking on facebook. liz: well i read the new york times expo which infuriated me that everyone from twitter to facebook, they are not shutting down these shadowy rooms and that only makes me wonder, what is this going to lead to, but that said, roger, there are people who say, you bring in washington, you bring in lawmakers, and they will

basically ruin a very vibrant sector, which is silicon valley and technology in this country, china will take over the lead. how can you regulate them without destroying the view answer of technology in this country? >> so liz that is a great question, the key thing to understand is that engineers are at their best when they have to manage around constraints. the challenge we have today is there are no constraints to engineers are taking the easy route, which is to do harm and essentially use the power of data to manipulate human behavior. the great thing that would happen if we could break these monopolies and if we could create protections for privacy, and if we could have some system for ensuring the tech products are safe because the problem today is theres no incentive out there for tech products to be safe but if you could make them safe and create privacy and create competition, in in fact i think you'd see a different tech

market than you see today. when they use the word " innovation" that's a monopoly word because innovations are tiny peoples in a sector that historically has produced radical things that have made our lives much better, and we're no longer in that because it's so heavily monopolized. i think it's a huge problem. i'm not worried about china at all. they have a different value system that authoritarian. i want to see the tech sector that doesn't have that. liz: roger mcnamee, thank you very much and roger has a book called "waking up to the facebook catastrophe" we are coming right back, charlie breaks it on the taxes in biden 's framework agreement. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf.

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liz: as the dust begins to settle in washington d.c. after president biden apparently may have successfully touted his spending package, wealthy americans, particularly in new york city and around wall street , are starting to chatter about how a new proposed sur tax could affect them, charlie gasparino has been talking to the business community. charlie: talking to people who have been speaking with eric adams, the likely new york city mayor saying all the stuff the business community wants to hear, eric adams is holding what fox business hasn't been able to confirm is small meetings with wealthy new yorkers, wealthy businessmen, saying listen, i believe you're not the enemy. i'm going to paraphrase i don't have the exact quote but i spoke to three people that have been in these meetings. i know you're not the enemy. liz: good. charlie: i don't want you people to leave the floor. i would like you to stay here in new york, and what i tell my progressive friends, presumably joe biden, aoc, the people in

the city council and up in albany and the legislature is that i want you to stay. i would rather them leave. that's a quote. no one has ever reported that yet but that's what he's told the business community, he's telling his lefty friends. here's the problem that he has. they're not listening and if you look at what's coming out out of washington these day, the spending plan that biden and the democrats are pushing changes day by day. the spending for that plan and how it's being paid for , what's known as the pay-fors have been all over the place. two days ago you and i were talking about unrealized capital gains being for billionaires a way to pay for it and now it's, well -- liz: no more billionaire tax for the moment. charlie: for the moment. okay this is ink flux it could change tomorrow and now it's surcharges on people making more than 10 million, another surcharge if you make 25 million it sounds like it's not going to touch any of us, right?

certainly not me, maybe you, i know 25 million. liz: oh, yeah definitely me. charlie: and neil cavuto and all my buddies here at fox. you guys are rich. you might have to pay but i won't. poor me. liz: oh, boo-hoo. charlie: but it always comes back to the little guy and eric adams, again, give him credit for understanding this. the richest 55,000 people, another number that i'm telling you, exclusively, he says pay, in new york city, pay 60% of the taxes. if he raised the taxes on those 55,000 people, they could easily walk out the door in florida and they have been doing so. liz: they have been. charlie: and this plan will expedite that movement, according to him in the past. now here is the interesting thing. we reached out to eric adams to try to get some quote from him, you know, are you worried about this? this is literally he's holding meetings all the time talking about this. he's really worried about new york cities tax base imploding

in the next, because of what's going on in washington and in albany. liz: these are the guys who hire people. charlie: yes, yes, but liz, he's not gotten back to us yet. i wonder it sounded like when we first reached out to him he was going to get back to us. like he couldn't wait, my producer reached out, they couldn't wait to get back and we thought we would have a quote for your show, still hasn't gotten back and i think that tells you something. he maybe doesn't want to get involved in this because it is a nasty fight and it's literally dividing the democratic party between the moderates, between a guy like eric adams who is a moderate, joe manchin of west virginia, senator kyrsten sinema liz: can i just say about kyrsten sinema, she voted against the trump tax cuts. charlie: yeah. liz: now she's voting against bringing, she did not like the corporate tax rate coming down to 21% and now she won't vote for it to move back up.

so there's a lot of gameplaying here. charlie: well who knows. she knows, let's be real clear here. the democratic party is at war with each other. the progressives have the loudest voice on social media and aoc, i mean, how could a one-term congresswoman from a small district in the bronx become such a big thing? but most of the democratic party is pretty central so that's why she's moving to the center. liz: well, centers -- charlie: particularly in arizona liz: apple, amazon earnings after the bell, we have our tech panel coming up on what to watch for. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time,

. . visit findyourindependentadvisor.com ♪ say it's all right ♪ ♪ say it's all right, it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ now listen to the beat ♪ ♪ kinda pat your feet ♪ ♪ it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ oh, it's all right ♪

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apple higher by 2 1/2%. amazon will come in revenue of 111.6 billion. that is the third quarter report. apple's reporting its fiscal fourth quarter, estimated to hit a buck 24 per certain per share and 8.85 billion in revenue. what do you look for? what is going happen? here to break it down, dan flak, neuberger berman research analyst and john stier, starship managing partner. you may know him, the guy created the flashlight now on the iphone. not bad. let's start with apple. john, i will get to it right now, what do you say investors have to look for most closely? >> well, most certainly the biggest issue at play here is the, really the large global supply change issues at play. i do believe fundamentally that apple is navigating the supply chain issues really better than

any other tech company, largely thanks to the i think supply change genius tim cook and team he has built. so i don't believe that there will be an issue for shortages in apple products. i believe this will ablowout quarter for apple led by strong iphone sales. however i get worried in the long term as we get competition from companies like facebook. liz: well, sure and there is a lot of facebook metaverse news today. daniel, we're looking at the app store may be in focus. granded they were pretty much unscathed by the judge's ruling last month, but some of the apps, the epic games battle, some of the apps the developers will not have to worry about looking elsewhere for revenue, going outside of the apple system but you tell me what you think will happen here, whether you buy in the last two minutes what we have before the closing bell rings? >> liz, i think the app store remains healthy. i think the overall services business is continuing to expand

and it is creating a lot of value for its users, ultimately key to driving growth for apple in the longer term. more and more of innovation coming out of the company. iphone 13, the watch, terrific new silicon announcements with the macbook the other day. a lot to like from innovation standpoint and certainly wearables. broadening of growth drivers positions apple to deliver a lot of value to the customers, to the ecosystem and shareholders over the median term. liz: give me a line, daniel on amazon. what will it report one year after the killer pandemic numbers? >> liz i think revenue will be solid. of course it is decelerating. their key to execute from a difficult environment from a supply chain standpoint and a labor standpoint. they're making right investments that will help them grow an

deliver value to customers throughout and deliver value to shareholders next year and beyond. liz: john, ten seconds, have you bought your iphone 13? >> i have. preorder apple and facebook ar device when they announce it. [closing bell rings] liz: great to have you both. a record for the s&p. definitely a record for the nasdaq. "the claman countdown" is over for now. now time for "kudlow". ♪. larry: hello, everyone. welcome to "kudlow," i'm larry kudlow. very exciting to night. in this entire hour we're completely focused on save america, kill the bill. we certainly know how to save america. we're not quite sure which bill needs to be killed contrary to some media reports. we believe that is all very much still up in the air. today i'm going to talk to senate republican leader mitch mcconnell. free market supply side saviors of america, steve moore, art