the excerpts are promising. this is 18 months of looking at all the junk wall street did, so is maybe, just make -- maybe, we can see the the playing field leveled. i do have a memo for wall street: they ain't leaving, and i don't want 'em to lee. liz claman, over to you. liz: we just hit session highs, charles. charles: that's me. liz: yesterday i quoted meatloaf with who out of three ain't bad, do you want a new one? if. charles: yeah. liz: bill withers' lovely day. [laughter] charles: you never can go wrong with that one. liz: as i said, we just hit session highs. dow, nasdaq, season looking to notch their first weekly gain in four as investors believe maybe, just maybe the fed's interest rate hikes are already starting to work? could that mean the fed can take the its foot off the rate hike

gas sooner than expected? san francisco fed president mary daley on the record in earlier june saying she supported the more conservative 50 basis point move for both june and july. now that the fed steam rolled ahead two with weeks ago, is a twin move coming again in july? daley just sat could be with our edward lawrence. she reveals it all including her odds of a recession. footballs, the sector -- financials, the sector steam roller as straight as to all the big banks for their recession preparedness stress tests giving them the green light to up their dividends. is that wrong move right now though? sheila bair ran the fdic during the 2008 with financial crisis. she's going to join us with her report card on what banks should do. and by the way, boy, those financials are really growing right now. the list of the moment is growing minute by minute. publicly-traded corporations announcing they will cover travel expenses for all u.s. employees seeking abortion

services. charlie gasparino's amassing the names jumping on the list after supreme court strikes down women's right to an abortion. but first, we start with this fox market alert. is the fed's jawboning about aggressive interest rate hikes already starting to work? we've got 59 minutes left to trade on this friday. the dow, the nasdaq and the s&p, as we said, all on track to see their first weekly gain in a month. dow is up 697. again, we just hit the session high, up 702. the nasdaq up about 300 -- well, 29. -- 297. the dow and the s&p though, what a comeback after last week when both notched their worst performance since 2020 damper pen -- dampened by fresh fears. financials grabbing lead followed by materials and industrials. when you look at the sectors which put in the basket of all of the stocks, the kb bank number up 4%, spider materials

up 3.5%, industrials up 3.25 the %. big move for financials. the shoppingest engine, well, concern strongest engine, after two days of testimony during which fed chair jerome powell was calmly but insistent that maybe even a mild recession might be necessary to quell inflation, the first early sign that his words may be working is on your screen. crude oil prices have have dropped, and this is a one month chart here, dramatically over the past two weeks. just 10 days ago oil was at $123 a barrel. today it's at $107 in the aftermarket. and, by the way, in the last hour san francisco fed president mary daley telling fox business' edward lawrence the u.s. is not in a recession. but what about that 75 basis point hike many july? -- in july? >> the data right now point to the 75 basis point increase in

the july meeting as being the next obvious step. but i'm open to 50 or 75 depending on what the data bring. liz: that's a little bit of a change. she had said 50 for both june and july just this past month. so let's get right to the floor show. the 10-year certainly off the 3% we saw yesterday, fitzgerald group principal keith fitzgerald along with trader teddy weisberg. is daly right, keith, and is the market right to perceive that both the rate hikes and the jawboning are starting to work which in turn is improving investor sentiment? >> tough call. opinions are like belly buttons, liz, everybody's got one. i think the fed missed the formation, so i don't place a lot of trust in what they have to say, unfortunately. these people have simply realized the sun's going to come up tomorrow, and they're getting on the gas. institutional trade thers are moving in, retail traders are are moving in, their seeing -- they're seeing people sell

apple, they know how far to -- they have to eat, they have to buy medicine, that's a good thing. liz: and do you sees the the time to start picking recovery stocks or too soon in -- too soon? >> there is no doubt in my mind that that is exactly the move the smart invest orer should be making now. optimistics make their -- optimists make their money. buy in chunks, do things, pick your bets carefully, but absolutely play offense because buy low, sell high is how the game has worked and will work until the end of time. liz: all right. teddy, do you see this as a time to buy recovery stocks? and let me guess, maybe not because i know you, i know your view here. >> no, liz, listen, up is always better than down. this month, the month of june, has been a terrible month for almost all investors. in my opinion, it's been worse month of the year -- worst month of the year. maybe in hindsight we'll say it

was a capitulation market, but i think the timing is very suspect. we're at end of month, we're at the end of the quarter, and we're at end of the first six months of the year. the market has been technically dramatically oversold, so reversals in any market direction are always sharp and steep, and until i'm proven otherwise, i just i think this is a bear market rally, and i think it's, quite frankly, a better selling opportunity than a buying opportunity. liz: teddy, you just pooh-poohed the rally concern no, i'm kidding. you're calling it like you see it. keith, i know you think the opposite. you say it's time to scoop up system of these names. what are you picking in the last couple of days? >> last couple days we've been going to the stuff that's been just absolutely shellacked. so not surprising, that's a short list, the apples, the microsofts. we took some profits in tesla today. but again, we're going right back to these names because you don't get off a winning horse in the middle of the race. and ted key's got a -- ted key's

got a rally. i don't really care about it because i'm hooking beyond. when in caught, zoom out, and that's the way we're approaching the market. liz: apple shares moving higher by 1 is.a 5%, a change of about 6.7% week to date. teddy, you do still have some sectors you find as, quote, somewhat interesting. faint praise but which ones are they? >> that's true. and it's still more or less defensive. i like the agricultural stocks, i like the insurance stocks, i like the railroads here. they've been beaten up pretty good. i like the defense stocks. i like the food stocks. but basically, i don't think we're out of the woods. i want to find a safe haven to get me through the next couple of months at least until the elections. liz: grocery stocks today are all higher. listen, there are a bunch of sectors that look good. discount retailers, department stores, big tech, regional

banks, metals. this is a strong cay. the chinese stocks as well. kroger, walmart, target, everybody's moving higher on this last day of the week. good to see you both very much. by the way, teddy's not the only one bearish on tech. many on the street have said avoid it for now, but top tech analyst dan ives of web bush has just stress tested -- speaking of stress tests -- he has stress tested the tech sector and its stocks. he is going to join us in about 20 minutes. who passed, who failed, and who gets an a+ right now? wait until you see some individual stocks that are turning a bright said of emerald. shares jumping 28% on news that the software as a service company has accepted a buyout offer of 10.2 billion from a group of firms led by hellman and friedman. the all-cash price at $77.50 a

share. right now it's below that at -- 74.47. did they get the deal of the century? well, year-over-year the stock is down 60%. annual high for the stock was $153. so they are definitely getting it at a discount if it goes through. fedex flying right now after issuing upbeat guidance for its fiscal full year. package delivery company projecting a rise in adjusted earning. the company beat wall street profit estimates by a penny, did miss on revenue expectations, but right now investors are pushing the stock higher by 7.33%. can we look at the sustainable shoe company? it's going to officially be part of the russell 3000 after monday's opening bell. the company known for its eco-friendly sneakers and slip-ons went public back on november 3rd at $21 is and change, and while the shoes are a favorite among the silicon valley set, investors have

turned their nose up at the stock, it is down 70% year to date standing at $4.76. pollstar. if this name is new to you, it's just going public right now, today. it's taking the public market plunge. it's an ev company making a wild debut via spac on the nasdaq under the ticker symbol psny. shares first popped 8 then totally reversed, dropping 6 plus percent, and rah right now they're back up 6%. the company in which volvo has ownership stake, plans to add three ev vehicles. and ev giant tesla showing, yeah, or you could say this is resilience right now at this hour especially after getting socked with a pice target -- price target cut by credit suisse, lowering to $# 1,000 on a potential shortfall in second quarter deliveries, increased

competition, poor ec cushion on growth plans and disruptions at its china supplier cue to covid-19 shutdowns. tesla up 3.8% but standing at $732 a share. lending tree getting the axe from investors after the online lender lowered its second quarter outlook due to mack escrow pressures related to high interest rates and inflation. is lending tree, which is down 9.6% right now, a canary in the coal mine in trouble in the lending world just as the big banks get a passing grade on their stress tests? sheila bair, the women who protected millions of bank depositors during the financial crisis of 2008, is next on whether banks should be partying now or battening down the hatches. closing bell, 49 minutes away. the dow's up nearly 700 points, a gain of 690. "the claman countdown" is just getting started, we're back in a moment with sheila bair.

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are well equipped to withstand the dreaded r-word, recession. the balance sheets of 34 of the largest banks did hold up when summited to the fed's economic -- subjected to the fed's economic storm model. some passed with flying colors. some, well, analysts say citigroup, bank of america, jpmorgan may have to raise internal target the ratios and hold back on stock buybacks, but all the names in the sector are charging higher. goldman up 5.5%, you don't see wells fargo, but they are having a bang-up day, they are leader at 7.7%. you know, is it, is it fair to think that these financials are going to right now have a big party and start giving out better dividends? and is that right thing to do? let's bring in sheila bair, the woman who ran the federal deposit insurance corporation from 2006-2011, of course, through the financial crisis, saving americans' bank deposits as the world was losing trillions during the crisis.

welcome. it's great to have you. and when you see, yea, they all a passed the stress test and many are saying we are ready possibly next week, as early as next week to give out better dividends and announce share buybacks, is that the right thing to do, or should they be holding back on some of the caution that they throw to the wind? >> i think they should be very cautious. the stress tests are not as rigorous as they used to be, number one. the leverage ratio used to be a hurdle as well. they don't have to show that they can expand their balance sheet to actually lend more during an economic downturn because typically you'll find in times of economic stress nonbank intermediaries fail, things collapse back to the regulated banking sector. so maybe the length of time you have to sustain dividends has been shortened. so les been a significant leaking of these stress tests to given with. but i think most important is

that they don't really stress the scenario that i am worried about and a lot of people are worried about which is that we go into a recession, inflation remains persistent, interest rates keep going higher -- liz: right. >> -- that perfect confluence of events is exactly what happened when paul volcker was chair of the fed. actually, he had to go through two recessions to get inflation urn control, maintain interest rates at very high levels. they may be what the fed needs to happen, so they should be preparing for that scenario, but that is not among the scenarios that banks had to show that they could survive. so i think that is the more fundamental problem really. liz: whose brillianted idea was it to make these tests easier? if they wanted -- [laughter] it's like some of these fancy universities. >> yeah. liz: they want to pump up the averages, right? so they make it easier. [laughter] >> that's right. well, this happened during the trump administration, but there was some bipartisan support for

it, so i'm not going to -- as you know, i'm a republican. but i just think the longer you get from the great financial crisis, memories dim. is this really that important anymore, do we have to be is so rigorous -- liz: i'm sorry, i remember what happened in 2008. >> yep, yep, yep, i do too, but a lot of people don't, or they have revisionist history in their mind about how bad it was or what the causes were. the bank lobbying is just relentless on this, and i really don't understand it. they're doing great. they've become globally dominant. they're very profitable with the higher capital rules. why do they want to keep eroding and chipping away at something that has help their interests and the interest of their shareholders? i do think they need to be cautious. we get into a deep recession and inflation remains high, that is very possible that could happen, i think their investors -- they'll be able to make some

opportunistic investments as well. i hope they're cautious. i don't think they will be, but i hope they will. liz: hope springs eternal. >> that's right. liz: student loan debt has become a very important issue to you. we at our team, "claman countdown," we started to look into the. we found a medical school graduate that that she has nearly half a million in student debt, worries she won't be able to pay rent to mounting costs. i mean, joe biden, obviously, has erased, says he wants to erase 10,000 worth of debt for a group of people. there are certain metrics. you can't just be some wealthy lawyer who's making a ton of money and suddenly you get all your debt erased. what do you think of this? is this the right thing to do? >> debt cancellation, yeah, i have supported $10,000 of debt cancellation. i think if you look at who most benefits from that, it's typically the lower income kids, the first generation kids, the

kids that didn't go to good schools, for-profit schools or weak schools, they didn't complete a degree or got a degree that wasn't worth anything. so those are proportionally the ones you're going to help. you're going to wipe out most of the debt of that cohort of students. yes, wealthier borrowers will benefit, yes. you could means test it, but the problem is with means testing the administrative complexity that involves to make these kids to dock document income will mean that a lot of them don't get the help. there are programs right now to help them, but because of the bureaucracy surrounding applying for and documenting income, they and their families just don't understand how to do it. so i do think that $10,000 of debt cancellation -- it's a personal view, not one of other organizations i'm otherwise affiliated with -- i do think that's justified, but it would be irresponsible to make sure we don't just get right back into the soup again providing this relief. liz: sheila, always a pleasure

to have your clear-eyed assessment of this, and we do appreciate you coming on. >> okay. thanks so much, liz. liz: sheila bair. it's time for a "countdown" boondoggle. millennial travel -- selena offers places for work and play. as the company presses to go public via reverse spac merger, we talk to the ceo about how they're navigating a cutthroat travel environment. 38 minutes before the closing bell rings. now the dow is up 715 points on a bang-up day here, well above 31,000. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so...

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includes -- this is a big deal here -- a 14.5% pay raise over 18 months and new 8-week paid maternity leave policies. yesterday's plunge came after united announced it cut 12% of its daily newark airport flights to address congestion. airlines this month have fared very poorly, delta a down 25% follow by american down 22%, united lower by 19%. but despite the headaches, the yen to travel is incredibly strong post-pandemic. sel irk na caters to millennial -- selina, has a portfolio property that pans six continue innocents. it plans to go public via spac probably in the third quarter. well, how are they going to deal with the cutthroat competition? here in a fox business exclusive live from israel is the cofounder and ceo rafael museri. how are you going to?

we'll get to that in a second. first, i want to explain to some of our viewers who might not be gen-z of exactly what it is selina does the. >> all right. so it's a system of work, play and stay. the first global -- ecosystem that allow are people to stay between, anywhere between the very expensive, high-end suites all the way could be to family and dorms for backpackers. so democratize accommodation. fully very, very comfortable spaces and incredible spaces to socialize. so retreat centers, wellness centers, events, food and beverage. number one, 95% of the hotels around the world don't speak the language of gen-z which represents close to half of the travel industry, 43%. number two, those generations represent 43% care about

experience over materialism, and the traditional word is not really cater. number three, they're more lonely than other generations. they need to socialize as the number one kpi. s everything lina measure friendships. over 50% of the guests make friends while they stay with us. so this is how unique we are compared to the traditional word. liz: well, i know that there are a lot of competitors in this space. we've actually interviewed peak travel, they do a lot of these experiential programs and things like that. there are, obviously, expedia, travelocity, they come in here. what is it that you can offer this group of interested travelers that they don't? >> i offer international home today. 83,000 customers just purchased

a global passport, basically. they're paying -- a month if for 150 locations on 6 continents, 25 countries. they can travel with a full, flexible environment. international offering. number two, they can count on us offering great and healthy food, they can count on concern. [inaudible] expecting in the same box to have, to meet people, to make friends. it's the most important thing for them. and another thing that's very important, selina, in the same week we opened in the u.s., we're opening in to no rock to coe and remote grid which has proven to be one of the most attractive solutions for the needs of millennials and gen-z. liz: i agree with you. however, the spac model is a bit under fire at the moment. some have done well.

more often than not they haven't. in fact, we've had two companies on show over the it's couple of months, symbiotic, which has done very, very well, but then grove. so if we look at the performance of those two, you can see how they've cone. these are all stocks that have gone public via spac, and many of them are well below where they started. so what gives you the courage to do this and forge ahead in -- ahead in. >> first of all, it's important to say i think that some companies in the past, again, a little bit i think treat the spac -- and living a lot of -- high cost and couldn't deliver. when you're not delivering, the market lost trust and confidence, right? i think that we are. on track to achieve our -- for this year. feel very, very comfortable with our growth for next year. we put a very realistic projections, and we have a true

3 million customers that are going to walk into selina this year. we are growing at 250% revenue year other year. -- over year. if our revenue go up, our losses going down, we're very close to being profitable. liz: good. >> i think it depends which company we are. traditional spac that raise billions to reach billions, we raised very small amount of money today to date -- to date maintaining a very reasonable average -- liz: okay. >> -- salary globally by keeping the majority of our people in latin america -- overhead in a fair, reasonable place. so i think selina born from a very, very humble place. but at the same time, because of the crazy demand for this kind of product and very unique growth model, we have spent zero on growth side of company. liz: i see, okay. >> anytime we're adding a new to hotel, we're not spending money

out of our balance sheet to grow, we're getting paid to -- anyway, i don't want to take up entire interview, but there is many, many unique things about us which i'm happy that the market will get to know. liz: i like the surfing. we were just showing the surfing. that looks really good to this california girl. rafael, good luck to you, and your numbers are moving in the right corrections when it comes to these developments. we'll be watching for it in the third quarter. thanks so much. >> thank you so much. thanks for having me. liz: the nasdaq, we need to look at that. it is taking home the trophy for the week, leading the gainers among the major three indices. it looks to close the week up 7%. up next, the top it can man that wall street turns to from their trading desks. web bush managing director dan ives has just stress tested tech stocks. he is about to reveal the names he says will dodge the bear market claws. closing bell, 27 minutes away. dow up 716. s&p better by 98, that's a 2.5%

gain. and as we said, the nasdaq up nearly 300 points for a 2.6% gain. we are coming right back with web bush's dan eaves. ♪ ♪ for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. another crazy day? so you can enjoy more of...this. of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ lemons, lemons,

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or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. liz: well, check out. the nasdaq, as we said, up 6.8% this week. did you miss your window to start buying recovery stocks? big tech has shown signs of life as treasury yields come off their highs and investors find just a bit more confidence. but we do need to put this into perspective. the index is down 26% year to date, so maybe you didn't miss the chance. how to you navigate this rubik's cube investing landscape? we talked a lot about bank stress tests today. joining us by phone is web bush senior equity analyst dan ives who just finished stress testing ec sectors and stocks s and he is revealing his findings right

now. dan, great to have you on. thank you for joining us. >> great to be here. liz: so you just put tech in some -- and and some subsectors to the stress test. what kind of definition did you put into a worst case scenario? >> yeah. liz, this is what we did in '08 and '09. what we're basically factoring in here, ad modest recession. if i would go across the board, i believe software cybersecurity in the worst case scenario are down 8-10% in terms of the numbers, those are the ones that are really holding up well. it's also relative to checks. a lot of what we're talking about is enterprise, that that continues to be resilient. i think it's why tech stocks are rallying. i think a lot's already baked into those numbers. liz: i know we have a full screen. if we can put that up, because that's where we show our viewers exactly how you were able to sort of present the worst case

scenarios. more details. here are the ones that did well, software, semiconductors, cybersecurity, product-driven names. why those? >> it's a great question, and i can tell you in 21 years covering tech, we're looking for where it's most resilient even in a down turn in terms of spending. cios that we talked to, when i hook at areas such as software, cybersecurity, the chip sector especially coming out of the doldrums in terms of the chip overhang, i think hose are numbers that the street's factoring in, that number's come down 10, 15%. we think in a worst case we're looking mid to high single digits. you tart to -- that's why you look at names like microsoft, look at names like apple, talk about names like nvidia and others. i think that's the way to --

liz: i want our, i want our viewers to be able to write these down. we have your a+ names. a names, microsoft, salesforce, apple, they passed your stress test with plying colors x. is there one particular common thread there? >> i think it's relative to what we're seeing on overall spending. because those areas in software, when we stress test it, we're not seeing the cracks. and the street is factoring in on these names significant cracks. then you even look cybersecurity, names like palo alto, z scaler, those are others that stick out which is why i think after q2 i think software, cybersecurity and chips, i think they rip higher. we continue to think -- [inaudible] on tech. liz: okay. i don't know if we can pull up the semiconductor index. that has really begin us an indication when you look at a full basket, right, of semis.

i think how can this be down year to date especially when there's a shortage? everybody wants one. they're down 31% year to date. but in every single lek to tronic needs a chip in there including cars. so there's that. but let's go to your d- sectors. e-commerce, digital ad plays. are there particular names that that you feel are weak in the actual d- area? >> yeah. i think names you want to stay away from, names like snap we continue to stay away from, names like meta because they're on the consumer ad focused names, docusign, zoom, some of the work if home poster childs. that that's why there's the haves and have nots that's playing out. i think you really want to be exposed on the enterprise frames and even the product names like apple. i think that's what you're seeing. you're starting to see a risk on because what i'm telling you,

when we do our stress test, we feel very comfortable -- [inaudible] even to june earnings. liz: i also find it interesting that your subsector that you love is cybersecurity. you like pal lowal toe networks -- palo alto networks, cyber arc. why do these pass the stress tests? >> i.t. spend, it's going to be 4 or 5x level of -- spend this year. we just came back from -- [inaudible] over the last few weeks plus the tech this week. cybersecurity's holding up strong. off-quarter names like palo alto or zscaleer, i believe cybersecurity's going to be really a star sector which is why i continue to want to own these as well as just m&a we think the just tip of the iceberg. liz: before we go because we've got to run, you don't like

e-commerce at the moment, yet you like amazon but that's because you see it as a cloud play. amazon, google, these are the opportunities for cloud, correct? >> that's exactly it. you own them on some of the parts on cloud. it's why you own microsoft, google on cloud, amazon. even though e-commerce, obviously, have headwinds. that's the way to navigate it. everyone's yelling fire in a crowded theater. we're not there. liz: okay. dan, it's great that you came on to to give our viewers the inside scoop from professor dan ives giving the stress test out and give some as, and i said ds and not fs because you just never know. dan, thank you. >> thank you. liz: dan ives of wedbush. all right, as the supreme court has overturned roar vs. wade concern roe v. wade, jpmorgan is bringing the abortion debate to wall street, and a bunch of tech companies and others are weighing in as well right now. charlie gasparino's been talking

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♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme. ♪ liz: this list is break breaking right now minute by minute. we're talking about the list of companies that say they will coffer the costs if for their employees who need to travel out of state to get abortions. it has grown by three major names in just the last 47 minutes. about 45 minutes ago apple telling its employees their insurance does cover out of state travel for care if employees need to travel to

another state to get an abortion. then we have united airlines and southwest following apple's footsteps shortly thereafter saying there are no immediate changes to their health benefits. let's get to charlie gasparino with some of the biggest names on wall street also. >> we should point out that all's these companies are literally doing is saying that your existing health care plan -- and this is kind of what jpmorgan did a couple months ago when this thing leaked, citigroup the same thing -- your existing health care plan covers out of state medical services. if you have to go out of state, for example, to get a knee replacement, okay? it will cover it. abortion is one of those medical services that is covered generally in most of these insurance policies for corporate employees. you have to go out of state for an abortion, it's covered like the knee replacement. so it's an interesting thing. they're not, like, announcing this is a new change, they're just saying it's in there. that's what you should know.

and we should make one other -- this is, i think, a key point here, and it's such a contrast from what we saw the sort of politicization of corporate america during the 2020 protests, black lives matter. jamie dimon taking a knee in solidarity with black lives matter and other issues of that nature. corporations are on forefront of that. they were virtue signaling at every turn. our friend, jeffrey sodden fed, had never zoom meetings with ceos who were talking about protesting the georgia voting law that they thought was restrictive for minorities. so they were out there in full force back then. they are essentially silent here now. so now what is the change? why have they gone silent while kind of threading the needle, telling their employees these are our services, you still have access to reproductive rights, but they're not saying anything. i think it reflects two things. there is a consumer backlash to

woke corporatism, there's no caught about that. you see the activists, but you don't see the average americans who are kind of tired of watching baseball and politics at the same time and having delta that airlines tell them about a voting law in georgia. that's one thing. the other thing that i must point out is that the republicans are going to probably control the house expect senate. and hay really -- and the senate. and they really want to get on the wrong side of the changing politics of in this country. roe v. wade was always controversial. i happen to be pro-choice, just full disclosure, might as well kiss chose it here, i'm reporting about it -- disclose it here. but a lot of people do see the merit in it not being a constitutional right to have an a abortion. that doesn't mean you should have an abortion. that doesn't mean states shouldn't vote on it and voters can't have it at the state level. but you can kind of see what i mean. and, you know, i was talking to

somebody at one of the big banks, i don't want to say who, and he said, listen, a majority of our employees are, at least, half of our employees are for repeeling roe v. wade. i mean, this is a new york bank executive telling me this. so it's controversial, it's contentious, but i think the bigger story here is not just what happened with these benefits because the benefits were always there, it's that the companies aren't saying anything. they're listening to consumers. liz: they all, it's interesting, warner brothers saying it will cover travel expenses, disney, travel expenses. >> right. liz: meta, travel expenses. intuit, conde nast. so you're right, they are simply not changing it, but that in and of itself is news because the supreme court did change it. >> well, yes. the supreme court said that it's the up to states, and certain states will now outlaw it. liz: correct, yeah. >> but those, that -- they've all had those benefits in their

policies. all's they're doing is saying, listen, don't freak, you know? we use -- if you needed to get a knee replacement or a heart transplant out of state, we would pay for that. liz: okay. all right. making their stance. thank you very much, charlie gasparino. we are coming right back. the nasdaq looks like it's going to close up 3%. big move here at this moment. ♪ ♪ you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure! ...after homework. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. what's the wi-fi password again? here... you... go. cool, thanks. no problem. voya helps me feel like i got it all under control. because i do. oh, she is good. voya. well planned. well invested. well protected. i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me.

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welcome to fox news live the dow crossing the 800 point gain. for the week, one out of four. the nasdaq gang bus% on a week to week basis up 7.23%. joining me, ross mayfield. we have earnings.

nike coming out monday. what are you expecting for earnings season? and what are you buying? >> earnings is the next big shoe to drop. the correction has been about multiples and higher interest rates. we'll see what companies are saying as as they battle through this higher wage cost. street estimates are too high for 2023 earnings. so the question is what is guidance, if there is a crack in the consumer story, that could give us another leg down. that could be the next thing. on the flip side, companies operated well throughout this entire crazy environment. liz: pretty amazing what we have made through the past two years. the worst of the worst for many people. we have just seen the banks

stress test coming out pretty well. the s&p sectors are up. we talked about the stress tests. you say energy, exploration and production. aside from the fact we are up 3% for crude today. we have see that number come down. why do you still believe in energy exploration. >> the sector has been incredibly strong year to date. it can't go straight up forever. but i believe there is structural tightness in the market. there is demand come knowledge online. and a step up higher into the price of oil. exploration and production should be leveraged to that trade. you would think that leadership, and just gives us a better opportunity to add to that idea.

>> a lot of the integrated oils are moving lower. ross mayfield. look at this, the dow punching above 800 points. 808 to 811, 819 and climbing. they are gains for the week. [♪♪♪] larry: hello, good evening, welcome to "kudlow." i'm larry kudlow. we have a big win for the pro-life forces. the right to return abortion rights to the states where they have always belonged in my humble opinion. >> have you got for us? >> democrats are looking to november. they have fundraising emails going out. they have a new web