you have to be in the market for a real chance to change your life, there's no doubt about that. all i hope is that you learned lessons they were hard lessons where those bruises like a badge of honor and make the adjustments that you need. it will never be a level playing field but we will always hit it to you straight, you have the best in the last hour of trading speed but my dad used to say liz the big boys on wall street are always ahead of the game, it is not fair. you are right. we can make it more fair and fox business tries to do every single day. we have a title that match played out on wall street between the polls of the bear. a volatile session of the key interest-rate decision by the federal reserve. a 50 basis point expected as investors fret the overdue move could send the economy into a recessionary tailspin.

the major average has been all over the map they bid up and down and right now they are up, charles schwab chief investment strategist, they think the fed will jack up rates and the bench would have preset by the end of the year. she's going to explain your rationale and what she's telling clients they should do with their stocks in their cash. had you put your cash in the stock he would be up 43% cleveland cliffs north america's largest steel producer but the top supplier to automakers. the ceo lorenzo gonzales is here with the fox business exclusive on whether the semi conductor shortage is hurting the automakers right now could melt his sales, we will ask him. would you believe crazy demand for ppe personal protective equipment during the covid lockdown continues to drive record earnings for the science services. our doctors and hospitals

stockpiling in a fox business exclusive, dan bergman is here to react to the new omicron variant emerging now. we gotta get to the fox business alert, the feds are behind closed doors at this hour over interest-rate hikes, the bulls and the bears are having a tug-of-war from high to low, the dow has been up to dvd points but also down 146 right now, it's up about 141. the s&p has cost the unchained line 80 times of art today. a separate note 29-point to so far today the nasdaq has squandered a hundred. i'll call the about 78 points. right now up about 43. the ten year yield cost to 3% level for the second day in a row trade right now would pull back to 2.96%. the volatility in bonds and equities underscoring the market jitters ahead of the feds interest-rate decision tomorrow, as we said 50 basis point hikes, half 8%, widely expected.

central banks are all doing this, their dance cards are full with dozens of policy decisions that can be delivered as inflation surges around the globe. australia kicked off the festivities are raising rates for the first times by a quarter of a point to about 3.5%. that is it. way to jump off a pancake. brazil is likely to tighten the meeting tomorrow to a hefty 12 and three quarters percent. anon thursday the bank of england a fourth consecutive tied to 1% that would be the highest level since 2009. with the u.s. central banks, taking central stage this time tomorrow, can they walk the tightrope without triggering a recession and where is the guide on how to invest without falling off the ropes, let's bring in charles schwab's chief strategist.

everyone is questioned whether the fed can engineer soft landing. at this point even with a tight labor market, is that wishful thinking? >> all into that in a second, i wanted to correct something that you said in the keys the visit, the market is expecting ten rate hikes. it's not me that's expected not. if anything i would take the under. would ultimately know what the good and of doing. the fed doesn't even know at this point. i think 50 is baked in the cake right now. the fed in this environment of not providing a playbook, they're not operating from a playbook still is pretty transparent in the near-term with what they're going to do. the fed cannot can directly combat what plagues us in terms of inflation. they can't ramp up some i act or production and get put back down from ukraine and cause a major

retreat and hike food prices but they can endeavor to strain aggregate demand to tighten financial conditions so the gap is still exist between demand and supply can narrow. whether ultimately that means a recession is necessary, we don't know although powell said in response to a question that he got his confirmation hearing about whether he would be willing to accept a recession, he said i think history will show the answer to that is yes. it doesn't mean you're getting for a recession but recession and a tightening cycle is more, then a soft landing. i think in general the needle tends to point were in the direction of a recession. it is possible to avoid it. >> already first quarter gdp was contracting, we have not seen that in a while. this is been somewhat in the works, these don't just turn on a dime. if you look at the fed fund futures, there is a pretty significant percentage of a

chance here that we would see a 50 basis point hike in june as well. as we continue to watch all of this. maybe there's a 93% chance of 75 basis point hikes. we look all of this and say how do you invest around this. you simply preserve capital at this point? >> first of all depends on who you are as an investor, there's no singular answer to any question about what should investors do at this point. you might be a young risk tolerant investor that has a mustang get inherited in china money. and don't need the money what i would tell that person versus a 75-year-old living off the income and calf were to lose any of it. i may have a high conviction view of what the market is good to do in the economy is going to do, the messaging would be entirely different. expect the vow to volatility at times severe likely it's pricing

to slow down but probably has not priced in a recession, that becomes more clear. there is probably more downside. what is been significant is the shift towards quality. gone are the days we could speculate on low quality, high risk segments. >> that ship has more than sailed, the narrative driven segments of the market were speculation was a huge driver. up the pace of rebalancing, volatility to dictate when you balance. forced to do what we know what were supposed to, not so much by low sell high that is all in, all-out we would never suggest investors do. add low, trim high. stay in gear by taking advantage of some of the volatility, this is not a time to take risk beyond what your normal parameters are and understand they were going to be in a volatile period of time.

also try to gauge whether financial risk tolerance in your emotional risk tolerance whether there is a mile or narrow gap, sometimes tough markets inform us there is a wider gap than we thought. liz: i wanted listeners to hear what was said add low, trim high, that is very much a smart thing. i've never heard it distilled that simply. really when you will enter look at exactly what is happening. it's time to start looking at opportunities to take the money off the table. i agree with that, charles schwab at the moment is sector neutral. is there nowhere where you say this is going to be a great opportunity? >> i think the opportunity comes in this current environment more at the factor level than the sector level. by factor i mean specific picture mystics, leadership is more consistent based on factors versus based on sectors.

even energy the best-performing sector over the past year had as many months where was the worst performing sector as the hardware was months with the best-performing sector. the volatility has been significant in trying to trade around that is difficult. however, factors that are valued to hybrid factors strong cash flow, strong balance sheet, positive earning revisions, those of be the basket or examples of the quality basket of factors. you can apply screening for factors anywhere, you can screen for value but not the make yourself to the segment that lives in the value indexes. tech as a sector generally in a growing way. the best-performing stocks within tech screened best on value characteristics not growth characteristics pretty good but your value hat on but open

yourself up to the entire market to look for value. value is a characteristic, it is not a predetermined set of stocks because they lived in the value indexes. >> i believe you i think they're great companies have become cheaper and that's when you add low. thank you for joining us. >> my pleasure. >> value can apply anywhere. >> louisiana saunders of charles schwab, but in this hour we're going to be in the middle of the news conference where jay powell is grilled by reporters. that's with the most important comments come out. the decision is at 2:00 p.m. eastern, the conference begin at 230 and goes into the 3:00 o'clock hour of "the claman countdown". we will be all in as soon as he wraps up his main meeting remarks, we will gain all with top market participants tomorrow on fox business.

we are getting the breaking news at the moment president joe biden. he toured the facility that serves as the final assembly line for the javelin antitank missile, the javelin has placed a crucial role in ukraine's military defense against russia. the fire and forget weapon system is designed to hit targets up to 3 miles away and can be launched from the shoulder, president biden urging congress to approve his $33 billion in additional assistance for ukraine. let's get to edward lawrence at the white house. american-made joplin was one of the top tools helping ukraine ruined the decisive victory, what is the word of congress will support the president? >> there is widespread support to get the money and get these weapons out there, the criticism has been how quickly to get that stuff out there. as you mentioned joe biden is speaking at that plan and they

not only made javelin missiles but the stinger missiles and 2021. that plan made 13000 missiles in all. some of the weapons made at that plants are now in the hands of ukrainian military pushing back the russian invasion. that is one of the reasons the president joe biden is there. he wants to highlight american manufacturing. >> american people know what they're doing and support ukraine's fight for freedom. the bottom line i came to say thank you, thinking, thinking. >> white house press secretary jen psaki was asked about making more of the weapons given the supply chain issues. that's every javelin launching system has 250 semiconductor chips. and every single one.

>> the defense department is working with industry to evaluate the health of weapon systems production line of the supplier levels and examine every component to ensure if anything can be addressed we can work to address that in the manufacturing process. we are considering a range of options if they needed to increase production capacity. >> this is where you have national security, the supply chain issues. some of the parts or components for some of the parts to come from china. one more point the fed chairman his news conference is the first live in person news conference in two years. liz: you will be there, the shares are appointed according percent, different stocks on the move to the upside. thank you very much. did you hear 250 semiconductor chips in a single javelin. wow, up next one company finite in the radar quickly nearing rockstar status with impressive returns far outpacing the s&p

500. we are going to tell you who it is when the ceo joins us next in a fox business exclusive. closing bell 47 minutes away, dow jones industrial up 184 points paid we have the s&p, nasdaq and russell moving higher at the moment. "the claman countdown" is just getting started. my sister's managing a lot, including her type 2 diabetes. but she's found new ways to stay on top of it all. once-weekly trulicity is proven to help lower a1c and it can help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin

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>> the cdc reaffirming the recommendation were masks on planes, trains and buses, this coming this afternoon, the agency reissued its guidance a few weeks after afforded judge had struck down the mandate that requires masks as public transportation, epidemiologist's warning of a possible summer surge and covid-19 cases, billionaire bill gates said there's a chance the worst of the pandemic after global database gives it a confirm omicron mutation in the u.s., he so the world could see an even more fatal and transmissible variate than their predecessors we very seen, all this is new new york city's health department raises its covid alert level to medium.

cases in the city have surpassed a rate of 200 per every 100,000 people if the covid trade is on take a look at the stock of henry schein the medical and dental reported earnings that the top and bottom line ppe sales of gloves, masks, face shields and more, top-performing the ex-lv the healthcare select etf by 13%. joining me now on a fox business exclusive, henry schein ceo stan bergman. the tech darlings of the pandemic are plummeting. 50% from recent highs your company is under the radar rockstar stock. i need to know what's going on with ppe sales, do you share bill gates concern? >> thank you for hosting us. we'd been studied for years, were at the largest provider of products for related services for dentists in office space

practitioners. i want to tell you compared to where we were a year end a half ago we are in very good shape with ppe products and test we have adequate product availability and providing us the position in this country in the public should feel comfortable and that was not the case a year end half ago. liz: i will continue to press you on this question, what do you think a bill gates prediction that the worst is yet to come with covid? >> at the get very difficult across bill gates and this information but i think it's very hard to predict where this is heading. where i do know people seem to be doing better in the higher the vaccination rate is an infection rate that generally is and i think we are making progress in that regard, maybe

there's a new very i'm not aware of. liz: it seems like the world is reopening regardless, new york being very, very protective, the citizens at the moment, some people agree and some do not. i was just in omaha nebraska at the warren buffett annual shareholder meeting for berkshire hathaway. you have tens of thousands of people all over the world. yet to be vaccinated to get in but i'm sitting inside with close to 40000 people, very few of an people were wearing masks. they were having a great time, buffett is in the insurance business, he puts the odds of anything whether the bird flew or the swine flu, remember people talking about that at the berkshire hathaway meeting he felt comfortable to hold this meeting. what is your bestseller and why do you think your sales are still hot are people stockpiling for what could be in and i make versus the pandemic? >> of course pe and testing

quite well in the last four quarters or so. equipment is doing well dentists and physicians are adding digital equipment to the practice. there invested in their practices, the public wants the latest technology with health practices, echoes of opera businesses. i'm in new york city in the opera. people are vaccinated and people were masks and i feel very comfortable, the city is coming back, some of the big buildings may not be working five days a week. but it's coming back and rest is up again and restaurants are busy and i think those that are vaccinated and going to a public setting and wear a mask they will be safe generally. i think the city will bounce

back. >> were watching it all this is been under the radar rockstar stuff. i say under the radar, all the big stay-at-home stocks had done so well, the banks have done so well now many are plummeting in hic continually to be a winner. good to see you, thank you so much for joining us. >> thank you. crypto currencies sinking at this hour, will bitcoin, ethereum and litecoin on the screen, bitcoin is down to naprosyn, below 38000, were 37000. ethereum getting hit to the tune of 3%. litecoin down to entry quarters percent. the crypto got no help at all for more buffett over the weekend. the duo told fox business bitcoin is rat poison. there is no fan of gold either. now on the same page as the berkshire hathaway titans when

it comes to the crypto verse. peter joins me on this week's edition of everyone talks to liz my brand-new podcast job today. here his reaction to buffett's monger take on crypto in the warning about where bitcoin is going next. it is available on apple, google, spotify, wherever you download your podcast. please take a listen and let us know what do you think. liz claman on twitter or red fox liz. the closing bell 36 minutes away, the dow is up 85. stay tuned, we're coming right back.

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liz: travel stocks are having a rough trip, so far one way down, during the session expedia getting slammed after online travel booking platform reported a bigger than expected loss in the first quarter, look at this expedia down 13.5% and a broker

just did not like this, they cut the tech enterprise target shares and booking holdings in airbnb are tracking expedia slide, airbnb the short term rental firm set to report first-quarter results "after the bell" today, the ceo brian will be with us in studio tomorrow to talk about the results and see what he seen as far as short-term rentals are concerned and whether people are still out there really eager to travel. paramount global let's take a look at that is down one entry quarters% miss quarterly revenue forecast but the media giant still added millions of streaming subscribers. paramount blamed the revenue on cops when the cbs unit broadcast insuperable, they sure did not have the right, tougher comparison. the results come at a time when streaming is under pressure with netflix losing subscribers in the first quarter but netflix at the moment a rare update up about half 8% straddling $200 share line. wall street wonder can kathy etf

may be down 47% year to date, that interestingly is not stopping inflows seeking alpha $842 million in investment year to date even though the top holding zoom down 43% year to date until the docs down 50% in 2022. the number one holding, tesla down 14% year to date but that has not prevented ceo elon musk from the red carpet last night along with may mask the met gala in new york city, he discussed the 44 billion-dollar acquisition of twitter saying he wants to expand the social media platform from mitch to all-encompassing, we twitter down half 8% and tesla up a third of 8%. hot rods and gold steel, the cleveland cliffs, the top suppliers of the nation's auto sector, could production problems in the auto world means

steel sales slow down, working to bring in ceo lorenzo gonzalez next in a fox business exclusive. the closing bell 29 minutes away. we do still have green on the screen. were still kind of jittery, we will have that with the closing bell. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned.

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liz: 25 minutes left before the closing bell. the auto industry since the cleveland cliffs is going to salute with the 175th year anniversary today by ringing the closing bell at the new york stock exchange. the manufacture, it's really a momentum stock lately, people love it it was founded way back in 1847 as a mind operator and now two centuries later it is a flat road steel producer in america, the stock is been a

winner powering higher by 42%. joining me now. the fox business exclusive the chairman and ceo lorenzo gonzalez, congratulations it's really nice anniversary and it comes at a time where what you guys produce here in the u.s. is in huge demand by the auto industry. tell me what's going on with demand and how you see the market shift if at all. >> is always a pleasure being with you thank you for the kind words were in a situation now in the best days are ahead. after what i did 75 years of great history in this company in the last two years in which we transform the largest supplier of delta motor in this country, we believed delta motor is on the brink on something really

big. as big as the supplier we are ready to support it and ready to do all the right things and to protect the environmental conditions when they go from ice vehicles to electric vehicles. that is what is ahead. liz: you make the lighter steel that the auto industry loves for the nexgen cars. particularly electric vehicles. tell me what you see in the realm of the auto industry. >> the auto industry is going through transformation right now. it's pretty much what happened with the first vehicle was invented this is a generational transformation but were very lucky to be able to be the biggest supplier for them right now. that is a lot going on. it's exposed parts in the excuse that goes inside of the electric vehicles.

all of these things are produced at the cleveland cliffs and were very excited with this opportunity. >> the big one that you've had in the past, showing to potential customers you do not have unreliable global exposure and we know what's going on in russia the sanctions have banned russian exports into this country. however, you said last month the russians are trying to do an end run around the sanctions by selling pig iron which makes steel to third-party countries which sends to disguise it and sell it to u.s. companies. have you been on the receiving end where you said i could tell that from russia were not buying it what is going on how do you avoid getting tripped up by that. >> we are self-sufficient. we produce our own pig iron in the u.s. like ohio,

pennsylvania, indiana. we are self-sufficient were the only company in the united states that is complete the self-sufficient ball materials. we do not depend on things that are important from other countries particularly from russia or ukraine. we feel bad for ukraine we know that they're in business for a long, long time. we don't want russia to stop here, russia lost the npr with the treatment from the united states but the pr is still allowed now it's up to the ceos and accompanies that import is a moral obligation not to support the russians and ethical from the esg standpoint. >> is a little sneaky for them to try to wash it for third-party country. that's what i'm hearing you say. >> yes, absolutely right we are the ones that are producing the

steel that the united states needs here in the united states good middle-class union jobs and good paying job that can support the development of the u.s. and the development of the middle class and this is what this company is about. >> i love cleveland. it is the heart of the nation. ohio, michigan, indiana where you do all the business, it's great to see you, congratulations on the anniversary. >> ticket very much is nice to be with you. >> lorenzo the cleveland cliffs, rocket labs catching a rocket booster mid air with the helicopter that's what you're looking at after it launches 34 satellites into space. the stock sinking 5.5% after the helicopter had to drop its reusable rocket in the ocean. they made a decision to do that was not an accident they had to do that.

were looking at that now fascinating developments in the world of private rocketry printed not only company hoping to recycle expensive equipment. will take you to arizona live with the technology has a unique solution to solving the semiconductor shortage. thank semiconductors, the closing bell 20 minutes away, the dow is up five points. now it is down. okay, jitters in the market will see what happens after the commercial break. buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help.

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and not just for my shows. get $400 off an eligible samsung device with xfinity mobile. take the savings challenge at xfinitymobile.com/mysavings or visit your xfinity store and talk to our switch squad today. liz: did i say this would happen yesterday volkswagen confirming a huge deal with qualcomm which

will provide the automaker with chips for autonomous driving software. yesterday we asked qualcomm ceo about the rumored deal and while he would not confirm it he said stay tuned, he had a big smile on his face, the chip demand from the auto sector is growing at such a blistering pace. >> the car model that is being designed today has 10x the number of chips and before that they're coming after that one. i think we've seen accelerated pace that everything is coming connected is smart in the industry needed to invest in be able to support that. liz: the demand exceeding supply. if you can't build them, what do you do. joining is now madison all worth is actually at a semiconductor facility that is doing that.

>> we've been talking about chips all day the little pieces of technology have a huge impact on pretty much every part of her daily lives, we are releasing this shortage not just with the chips but more specifically the equipment that makes the chips and that has big impact particulars and. >> it is typical electric vehicle you have thousands of chips, even a tencent component is unavailable for the manufacture the entire car cannot be produce. what is going on of the bakken there is a chip shortage because there is a lack of equipment to make these chips. >> the lack of equipment. even with new technology they seem to figure something out to address this problem. their platform think of an ebay for semiconductor machines they resell used machines normally if you buy a new wendy could take up to two years to have it delivered.

instead of the technology platform you can get something in a matter of weeks. some are sold as is picking up and drop it off at the next place. others have to use facilities like here gp i come of the take machines and update them and make them ready for whatever is needed today and they can up the standard in the new company work they continue to make these all of these big business that you been hearing, the semi conductors is not going anywhere. were expecting the 10% increase in sales of this machinery were talking about $90 billion this upcoming year, that's what's been projected. all of that import for the technology as a whole, they picked arizona as a location because it's a huge semi conductor hub. not just the businesses, create a good environment is not just the understanding of the industry, it is the business

environment as well. specifically move technology during the pandemic here because in california they were shut down and could not operate they decided to move to arizona so they can continue operate from the rest of the country in the world to keep things going off the lot. as you can imagine there is a ton of demand that's why it's so important for them to stay open. right now for every piece of equipment on new technology platforms they say that they get 27 different offers. what will this new especially if you can work with a place like this where old equipment is brought back to standard and you can get in a matter of weeks instead of years. liz: unbelievable. what is interesting and sake was saying earlier today we had her on her show, 250 chips in a single javelin. the demand for the chip equipment is absolutely massive. how many chips can be squeezed out of that single wafer.

>> hundreds if not thousands. it's unbelievable the magnitude that goes into one single wafer. liz: by accident maybe you take that home with you. thank you very much, she is holding a lot of money and her hands, madison alworth, the fed talks passing out interest-rate hikes at this hour the countdown closers are here to face up, can the fed bring the economy into a soft landing or are we on a collision course for recession. either way where do you invest read the closing bell ten minutes away dow jones industrial, 15 points, the s&p up nine points. stay tuned. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪

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territory for the dow. we're up 106 points. s&p better by 23. the nasdaq was negative. now it is up 28 point. a lot has to do with the question what the fed will come out with tomorrow. we watch, right? the s&p has crossed the unchanged line 80 times so far today, holding in the green last minutes of trade. the question at this hour tomorrow how will the markets react because we will know by now tomorrow the fed's interest rate trajectory, at least what it believes it will be the rest of the year. of course the big debate will be whether the fed's actions might cause recession, more importantly for our viewers, what do you do to keep your powder dry, invest to get yield. two "countdown" closers at this hour. one thinks the recession is dead ahead. one thinks the fed could bring it in with a soft landing. we have infrastructure capital management ceo, cio, jay

hatfield. jay, you get to go first. tell me why you have your thesis, where it is. >> thanks, liz, for having us on. we're relatively optimistic about the fed being able to engineer a soft landing. having said that they failed 11 out of 18 times since world war ii. so the odds are against it but there is really two elements. the first is housing. almost in every single one of those 11 recessions housing had a major recession. obviously the financial crisis being the worst but here we have the exact opposite of a financial crisis. you have only 1.3 million homes for sale. we had 4.5 million. that is and all-time low. the other element is the energy advantage that the u.s. has. we think europe could have recession but not necessarily the u.s. liz: okay. >> because of that 200% cost advantage we have in energy relative to europe. liz: gotcha. ed, you say recession is dead

ahead. give me your reasoning for that? >> i think jay hit a lot of my points for me. number one, we've already seen slower growth and actually now we're seeing reduction in the economy for the latest numbers. maybe we're not seeing recession dead ahead. that is the funny thing about recessions. you don't know you're in one until several months afterwards and you don't know you're out of it until several months after it. we think energy will continue to be a problem. gas stabilized, diesel 40% more than regular in my community. there is no hope for diesel in the near future. the war in the ukraine will continue to put upward pressure on diesel. green energy initiatives will continue to put upward pressure on the price of diesel and the white line is still the lifeline of this nation and with diesel so high we don't see anything good happening. we would love for the fed or chairman powell to orchestrate a

soft landing, last time we had a recession this bad, it took an agreement of chairman volcker and president reagan. president reagan had to accept a couple years of political pain. volcker and reagan are not with us anymore so we don't see it. liz: okay. well, jay, knowing what you believe to be the case, you're picking sectors. ed is actually picking individual stocks because he just made the case it will be hard, you have to pick individual names. why sectors? how can you be sure an entire sector whichever it is, you will let our viewers know can do well? pipelines, telecom, utilities? >> the one characteristic that all those sectors have in common is very substantial dividends. not like one, two, or three, but more than 3% dividends. what we love about that. by the way those stocks significantly outperformed this year. they're mostly up. what we love about dividends, even if we're wrong we're still

right. if you don't need cash right away, then you can reinvest your dividends, particularly preferred stocks, senior to commons, very stable dividends. reinvest them at lower prices, get even more deals, where if you invest risky, asset classes like arc stocks or bitcoin, there is no cash flow. so when you have a decline you're just out. so we recommend defensive dividend stocks including preferred stocks this year. even if we're wrong about the recession, we'll still have great investments. liz: ed, the specific stocks you like. ball corporation, tjx companies, micron technology, tell me why those specific names. is there similar common thread the same as jay has common thread with dividend yield? >> there is not exactly a common thread. in difficult times that is what we see ahead, we like say for

picks, ball is so boring. i've been following ball for my 40 year career. i like ball in bad times. what they do is boring, boring, and they're consistently profitable. we do see global food shortages happening in next six to 12 months. in case ball and their cans will be more in need around the world than ever before. tjx. we know they're a discount retailer. we believe hard times are here. they will be here for a while, at least couple years. people will be driven to buy from the discount retailers. tjx represents, they are one of the leaders in that field. as far as micron, your earlier segment said, there is no foreseeable future for when we're not going to be a huge chip demand. we have a chip shortage. the chip-makers will do very well in these tough times. we think micron is the best of the class. liz: it is certainly good to have both of you. ed, jay. big decision tomorrow and right

during this hour. jay powell, the head of the federal reserve will be taking questions from reporters and we will see how the markets absorb this. thank you so much for joining us. the markets holding on to gains here. [closing bell rings] we have earnings from starbucks caesars, lyft, airbnb. tomorrow on "the claman countdown" the chairman of airbnb joins me live. see you tomorrow. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so as we all know from the "politico" leak of justice samuel alito's draft opinion the supreme court looks like it is poised to overrule roe v. wade. fox news white house correspondent peter doocy with the latest from washington. hello, peter, what can you report? reporter: we can report something kind of surprising. white house officials don't have a problem this leaked, that this confidential document is now