against each other, maybe it would underscore because this is what carter tried to do. the beauty of our nation which is allowed to disagree. we can disagree and still be family. the great news though of course is we are built on the constitution. we can't let lawmakers break us apart. i know people are down right now , but keep the faith. by the way, listen to jimmy carter on this one. liz claman, over to you. liz: yeah, how about these markets? i have a song. i have an analogy. charles: i'm ready. liz: up down, they're like the rubber band man. charles: you can't go wrong with the spinners. liz: charles thank you very much the clock is running, those are the exact words fed chair jay powell is using today to say that reducing inflation is paramount but worries about a hawkish fed have market players undecided if i big rate move at the end of next month could tip the economy into a recession so

that's investors playing it close to the vest in a volatile session ahead of tomorrows core pce report. that's the fed's favorite inflation indicator. oil and nat gas flipping rate in the session but the push for alternative energy still full speed ahead. we will speak to the ceo of solar panel company sun run about how business is faring, and you've gotta see this. it's shocking deal with ford to power your house with a ford f-150 lightning pick-up. it's a fox business exclusive. plus, high gasoline prices lighting a fire under rv sales. not in the market for an rv? how about an rv parts stock that pays out a 4% dividend? the ceo of that company is here in a fox business exclusive. and we're going to take you live to where president joe biden and america's nato allies are getting ready to expand nato's military bunch, even if it engages russia's vladimir putin. fox market alert we'll begin without the dow on track to break a two day losing streak,

but that's kind of been changing every i don't know, 25 minutes or so. the blue chips which yesterday saw 491 points shrivel away had earlier been admired in a puddle of red down about 52 points but right now you see we're gaining 57. check the nasdaq, it too had lost 109 points at the low of the session. it's now down just about 36 points as we kickoff the final hour of trade. one thing that has not changed today? the worst performer on the nasdaq 100. this time around, it is not a tech name. it is american airlines. that stock falling 4-plus percent at the moment, it is as we said at the bottom of the nasdaq 100. let's flip it over to the s&p 500 which is also in the red, s&p losing about nine points but look at the russel 2,000, as fund managers rush to re balance with tomorrow being the last day of the second quarter, small and mid-cap stock s are stuck under the bear paw. we have the russel down about 1.5%, it is the percentage loss

leader there and if you add in the final first quarter gdp we got this morning, we only recipe you get is volatile trade and speaking of gdp, first quarter growth, none. in fact, the economy shrank by a worse than expected 1.6%. compare that to growth of 6.9% in the fourth quarter of last year and no wonder stocks are struggling, and then, when it comes to individual names, the complicated dance that consumer companies have had to pull off dealing with supply and demand shifting under their feet quarter-to-quarter makes the glass bridge episode of squid game look easy. bed, bath and beyond, well that ones once again falling through the glass. shares are face planting. the home goods chain fired its latest ceo mark triton after yet another quarter of plunging sales. so if we look at the shares at the moment they had fallen about 24% and we do have it down 24.6%

at the moment. by the way, the market cap of bed, bath and beyond is now below 400 million. triton was brought in from target right before the pandemic to transform the company which either had piles of inventory customers didn't want, or too little of what they did want. the board ran out of patience after the latest quarterly same-store sales cratered 25% year-over-year, but then, flip it over to general mills. that one not only living to see another day. shares of the cereal giant hitting an intraday 52 week high of $75 a share. the maker of cheerios managing not only to deal with commodities and inflation but the company which makes of course pillsbury dough and old el paso sauces is having no problem passing on higher costs to its consumers, inflation, of course is right there in everybody's face. general mills shares up 5.6%. yeah, and inflation topic number one, today in portugal was federal reserve chair jay powell

, and andrew bailey the head of the bank of england gathered. powell noted the peril of over doing interest rate hikes but stressed his priority and that's cooling down the consumer >> working very hard on the part that we can effect which is the demand side. we can't the supply side really but we can the large parts of the u.s. economy, where there's surplus demand and that's really our focus. that's what we're trying to accomplish. is there a risk we would go too far? certainly there's a risk but i wouldn't agree it's the biggest risk to the economy. i think the bigger mistake to make, let's put it that way, be to fail to restore price stability. liz: yeah, bring down those high prices. to our floor show traders kenny weisberg and dutch masters. powell said at the gathering today the supply chain dislocations have been totally disastrous for consumers, & companies, so when you look at bed, bath and beyond, price action there versus general mills. you know, teddy, what does this say about the investor herd?

>> well, i mean, i think at least in the case of general mills, they got the trifecta right, top line, bottom line, and guidance all positive & companies that do that get rewarded. in the case of bed, bath and beyond, i mean, your guess is as good as mine, liz. it's just another retailer that's been suffering, and the news today was negative. at least as far as the stock is concerned there was nothing nothing positive there. the stocks already been beaten up from dramatically higher prices, but clearly, you know, unless they can get companies turned around, the investor is going to suffer and the companies are going to suffer. clearly, it's not a place to be, not with my money, your money, or any of your viewer's money. liz: not right now although what are we going to do for dorm shopping that's all i have to say. listen, dutch, talk about the investor herd sentiment and then what you and your team of traders are thinking and seeing

right now? >> well, when it comes to, you know, the dichotomy between these two stocks, bed, bath and beyond and general mills, general mills is food and that's a necessity product, and bed, bath and beyond is dust ruffles, okay? i don't even know what a dust ruffle was until i got married. liz: [laughter] >> and then suddenly, we really needed it really badly, apparently. liz: of course. >> so i mean, everyone needs a dust ruffle. so general mills is an essential products company, and they are executing as teddy said, so i think what we see is companies that execute get rewarded. companies that don't execute get taken to the wood shed, and that's what's happening in this market now. the big thing to focus on is also when you're looking at a company like general mills, you're looking at investors moving into stocks that are not likely to get a big wack in

their pe compression. so they're looking for safety. now what investors do when you've got a recession coming like this is investors, you know , look for some safe harbors and that's what they're finding with general mills. liz: well where are you finding safe harbor and you aren't really a fradey cat, dutch. you get out there and short, last we talked you were shorting the s&p. you've been really active as i understand it in the last six hours, haven't you? >> that's correct. we've continued to add to our sp xu inverse eft, also sqqq. it's now about 40-45% of the overall portfolio. i'm not buying any of this stuff that's going on today. i think this things going to sink. i think it's going to, this markets going to trade-off all the way to the july 13 cpi print that's going to get announced around that timeframe. now what's interesting is i think we're going to see bad

news is going to be looked at as good news at that time, because that might be of hot print, but it might be the market might look at it and say okay, that's going to be the last one we see. liz: uh-huh, you know, teddy, notwithstanding decorative pillows and dust ruffles, from bed, bath and beyond, tell me exactly how you would decorate a portfolio at this point? >> well, you know, i wouldn't make a reference to investors that might be nervous in the current market environment. in fact, i think being nervous is a very healthy place to be, but i might disagree with how we're going to get there. i think in general i agree with dutch. i think we're going lower. i think this is not a time to be a hero. i think cash is king, in some respects the best trade right now is a three-month and six- month treasury. a couple months ago, you were getting zero for your money, now

you're getting 1.5-2.5% with short-term money, with virtually no risk in the treasury market. this is a very very difficult environment and it's difficult, liz, because uncertainty breeds volatility and boy, we have tons of uncertainty. we're getting a lot of rhetoric, a lot of nonsense from a lot of people, but there are real, real problems out there with no real solutions insight. what we need is a little certainty. even if the bad news had certainty, but we can't even get our handle around the bad news at the moment so as long as all this exists, yes, there are going to be bargains and if you're 30, 40, 50 years old perhaps you could be a little more philosophical about putting some money to work here, but if you're my age, where i don't even buy green bananas anymore, you have a whole different perspective. liz: [laughter] >> but it's time. liz: indeed. >> you have the time and patience, you can have a different point of view, but

quite frankly in the very short-term, this is not a time to be a hero. liz: well there is one certainty and that is volatility and i was just looking year-over-year, the vix is up 77%. teddy, dutch, it's a great pairing. it's must-see tv. we'll see you next time. thank you both so much. we've got breaking news on the first day of the nato summit in madrid president joe biden has just arrived along with other world leaders to the trans-atlantic dinner hosted by the president of spain. earlier president biden and nato allies announced something rather significant. their commitment to ending russia's war on ukraine by boosting the military presence along europe's eastern flank by 300,000 troops but perhaps the biggest development, in a move sure to enrage russia's vladimir putin, finland and sweden have both received formal invitations from nato to join the security alliance. edward lawrence is live in madrid, right there, covering

the historic summit. edward the world is watching waiting to see putin's reaction. anything yet? reporter: yeah, right now the russians are saying this is a destabilizing factor, and in fact, putin has already dialed back the amount of natural gas that's coming through the nord stream pipeline into europe. kind of a signal there. now as you said, president joe biden right now at a dinner hosted by the president of spain in this first day, the president announced that major troop movement. the largest mobilization or reorganization of nato since the cold war. now, he also talked about food and energy crisis that russia unleashed on the globe in the u.s. the price of gas started to rise from the first month the president was in office. the invasion made it worse, so i polled the president biden's top energy secretary advisor on the sidelines of the nato summit and he told me the g-7 leaders made a major shift. he said that they will no longer try to ban all russian oil on the market. >> where we're shifting from

focusing on volumes of oil from russia on the market to not reducing them, allowing them on the market, but reducing the revenues to putin and that's , this is a major decision that we are all able to come to in the leaders meeting. reporter: now, by reducing the revenues, president joe biden believes that eventually, russian president vladimir putin will not be able to afford the war; however, we're told that russia is now still selling all of its gas or oil on the market. listen to this. >> he's selling the same amount of oil that he was before the war and yes, the global oil price may have risen, so people are making the math i think it's incorrect math, because we have evidence from the market that he is selling that oil at steep discounts across many many markets. reporter: the white house still believes that eventually, the sanctions will cripple the russian economy and he'll be forced to withdraw.

we haven't seen it yet. back to you, liz. liz: edward thank you very much, edward lawrence. it's not just the stock of american airlines getting slammed at this hour. look at hawaiian holdings. those shares are grounded too. with 4th of july weekend just around the corner and the post- pandemic travel boom creating nightmares in the skies , millions of americans are hitting the road instead, saying you know what? forget the airports and that's got rv sales booming even if you aren't in the market for one of these, the stock of the rv parts maker might be right up your allie. plus, it pays a hefty dividend. the ceo is here, next, in a fox business exclusive. closing bell ringing in 45.5 minutes dow is holding on to green here up 74 points, but the rest of the majors, s&p and nasdaq, russel and transports are all lower. same with bitcoin. it's down 1.6%.

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liz: you know what? i haven't, okay, jet blue is still higher. so, say for jetblue, which maybe reviving its bid for spirit airlines no wonder the rest are

in the red, u.s. consumer complaints against airlines soaring 320% over pre-pandemic levels and that's just for the month of april. can you imagine when the department of transportation figures out the disaster that was fathers day weekend this month? well once burned travelers are now twice shy and turning to the roads instead. let's give you a live look at colonial air stream rv. this is a dealership in mill stone, new jersey where madison alworth our reporter has been gathering the latest on the boom. the industry association says total rv shipments in may were the biggest on record up 11.8% year-over-year. that despite gasoline prices still near record highs. the average price of regular gas right now $4.86 per gallon. okay, so a week ago it was 4.95 but with the july 4th weekend just two days away recreational vehicle owners are outfitting their boats and rv's with equipment manufactured by lipper

t, formerly lci, is a global manufacturer and supplier of rv, marine, commercial vehicle parts and products. lippert president and ceo jason lippert is joining us in a fox business exclusive. good to have you, sir. i'm looking at all that's going on. it is incredible, and i get that people are going to the roads, but rv's are not an impulse purchase. they are expensive, and people are still buying them. what's going on on the ground in your world? >> yeah, well i think covid, the covid bust and got everybody back outdoors again, right? that's a big deal for our industry. 55 million people are taking an rv trip in the next 12 months according to a recent survey, 80% of americans take a road trip this year, so i think people are just getting acquainted with being back out in the environment and the outdoors and rv plays right into that. liz: jason i get that from when the pandemic and the lockdowns first hit, but this is a long vapor trail. when we look at some sort of

stay-at-home, work-from-home, play-at-home stocks, some of them, most in fact, are way down this industry managed to hold on you all make the parts. i know you make everything from awnings, ramp door, anti-lock braking, windows, kitchen, bath, all the solutions for rv's. what are the hottest selling items right now in your company? >> yeah, so we provide a lot of the core products, the foundation, the chassis, the suspension to the equipment makers. the awnings like you said, windows and furniture, a lot of the important items but the rv 's can't do without, so that's really good for us. i think that inflation is really playing into our hand. unfortunately frac fortunately. if you look at hotels are up 40% , airfare is up, you know, 25 %, so you look at rental cars up 25%, you want to rent an rv, you can do that for about $5 more a night than what you could last year.

the inflation in our business just isn't there whether you rent or purchase an rv, you can offset that cost of ownership with some of the new platforms that allow you to rent your new rv instead of just making a monthly payment that you keep the rv and use it for two weeks out of the year, now you can rent it for 10 or 20 weeks out of the year and cover your cost of ownership, so there's some counter inflationary things happening in our business that are really helping. liz: we're looking at video from your company, and when you say chassises and doors and things like that, i'm thinking aluminum , steel, metals. we know that materials inflation is unbelievably hot. seering hot. how have you managed to deal with such high costs? >> well luckily, the industry was hot the last two years, demand was off the chart, record demand and we only need 450,000 units a year to make a really good business and we hit over 600,000 units this past year, so

we've been able to keep up, the customers have been willing to pay what they need to and this type of inflationary environment, with fuel being up, we've seen fuel and aluminum cool back down over the last four or five months and that's helpful in the coming quarters. demand is the big thing. liz: well you're also involved in the marine business, and you make all kinds of products for boats. how has that business been holding up as compared to the rv demand? >> yeah, so the marine oem's got a lot slower start ramping up, they adjusted very quickly to the demand, so the marine is a little bit slower so their demand pay is a little bit further, we have robust demand for what looks like the next six to 12 months whereas the rv is just a little bit because we still have the inventory pipelines a lot quicker. liz: yeah, i'll tell you something. i was looking into the history of your company and by the way,

you have a pretty solid dividend here that you just raised. so the quarterly dividend, i believe it yields about 4% or just under tax on top of it, during hurricane andrew, for example, your company goes way, way back to the 50s but hurricane andrew, when homestead , florida was hammered, your company stepped up and you made 10,000 chassises for fema equipment and fema vehicles. that to me is just good corporate responsibility where people were working 24/7 on your plant floors. when you fast forward to today, how much different is the economy then than it was, than it is now? >> well, you know, we're several thousand team members bigger today than what we were, it's a bigger ship to steer, but we really diversified our business. we were predominantly housing. we did a lot of housing for the manufactured housing markets. we did supply fema and turned off our positional markets and

fema every time there was a hurricane in need for housing but after 2010, you know, we really were focused on rv's, after markets we got into europe , all sorts of trailering businesses and commercial vehicle businesses and buses, so we diversified our markets along with marine and market-focus pretty solid. over the last decade, so when these bumps come along we have more market to spread our business over and you think about rv's 25-$35,000 for the most popular unit, so it's not a far stretch for families to finance it. liz: if not that, then shares of the stock. jason it's good to see you thank you very much. all right, dow is up 115, still red on the screen for the other majors coming up. wait until you see the cruise line stocks, not pretty. was bor. she always had your back... like the time she spotted the neighbor kid,

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liz: fox business alert. cruises are cruising to the

bottom of the s&p 500 right now, with carnival dragging the pack down. carnival lower by 14%, followed by norwegian and royal caribbean , down about 9% a piece now, the carnival wipeout, come in courtesy of a morgan stanley analyst, who after modeling a worst case scenario, said the stock could go down to zero in the event of a global downturn. there are a lot of ifs put in there, but that's not good. the investment firm also slashed the cruise lines earnings estimates anticipating a third straight year of losses for carnival. well, another founder ceo leaving the top dog position. pinterest co-founder ben silber man will transition to the executive chairman of the board. the stock barely higher by half a percent as google's president of commerce bill ready is at the ready to step into the position. ready's been with google since 2020 and was formerly operating chief of paypal, as well as ceo

of venmo. the transition takes effect tomorrow year-to-date, while the stock is not pretty for pins , down 45%. shares of fellow online platform s etsy and snapchat well they are higher too, etsy up three-quarters of a percent, snap up nearly 1% both stocks are doing worst than pinterest year-to-date, etsy is down 66% and snap down 70% since january. despite news that the european union is taking major steps to get rid of the internal combustion car engine by 2035, ev makers are not getting an energy boost on that news. tesla, lucid, and fisker are all lower 1-5% with fisker as the laggard there. the framework calls for all new cars and vans to have zero carbon emission by 2035. the measure is intended to help achieve europe's climate objectives particularly carbon neutrality by 2050 and after giving a sneak peak of its

latest electric vehicle this morning, hyundai is joining the ev makers in the red but shares jumped about 4% in south korea's market on the ionic 6 unveil. the ev sedan will be available next year. now while hyundai didn't release details on price or battery range, it did show off all kinds of interior design components like you can pick lights for the interior cabin of your car, 64 different color options, and if you have long legs and you're sort of jeremy lynn, you want to stretch out your legs, you've got extra leg room. nice. hyundai though in u.s. trade down about 6%. as hyundai rolls out its newest ev sales of the all electric ford f-150 lightning continue to go through the roof. yeah, and how about the solar roof? it can even power your house for three days if that roof is covered with sole solar panels. the sun run ceo is here, next. and from lighting your home to

lightning your hair, this week on my podcast i'm joined by madison reed founder and ceo amy arat. she came from finance, she had zero experience in hair color and chemistry but she revolutionized the entire industry and rode the wave of the pandemic when her at-home hair color subscription service absolutely exploded because all the salons were closed. you've gotta hear her incredible story on everyone talks to liz get it on apple, google, spotify anywhere you download your podcast. we're getting record downloads i'm really excited and proud, so is my producer o of my podcast, grace canon, closing bell 27 minutes away. now everybody is green. i told you this was a volatile session, did i not? but now it's red. so in realtime, you just got to see what i've been telling you. we are coming right back, don't go away.

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liz: australian lithium minor has inked a deal with ford to supply the auto maker with 150,000 tons of lithium over the next five years. now lithium, of course it's like platinum and gold all put together when it comes to ev's because it is the main element that makes electric vehicle batteries come to life. one of the most popular ev's on the market ford f-150 all electric lightning can also be charged by the sun with help from sun run. the nations leading home solar company is recently partnered with ford and its f-150 lightning to bring a clean new energy source to the ev, and your home. today's sun run is celebrating its 15 year anniversary it's the nations leading home solar battery and energy resources provider. let us bring in the ceo of sun run, mary powell. mary, i love this ford story. i love the whole ford lightning

story because it's absolutely fascinating. they are all sold out but how did this deal come about? >> oh, my goodness. we are so excited, liz. it's so wonderful to talk to you today on our 15 year anniversary and to talk about ford. i mean, the number one selling vehicle in america, for the last 40 years, like no wonder they are sold out, right? it's just in credible. the customer interest in ford, in working with us, in that bi- directional charger that we co-developed with them, so again, we are just beyond thrilled to be providing this kind of innovative solution to customers, at a time when energy costs are going crazy, right? costs at the pump are going crazy. utility costs are rising. so the fact that we can work together with ford and with customers that are interested in a ford f-150 lightning, and who are interested in solar, and bring it altogether to create energy independence, more affordable energy, what's not to love? so we are just so excited.

liz: explain to us how it works. we've been looking at your roof panels, and we also need to talk about cost there, because yes, gasoline is very expensive, but let's talk about the cost to solarize an entire house, depending obviously on the square footage. >> oh, well my gosh. i mean, liz, that's the amazing thing. so sunrun, one of the things that really attracted me to the company is sunrun is the one that democratized solar. they are the ones that really came up with a financing model to make it affordable and acceptable to all so really no money down, one easy payment, you too can have solar energy at a lower cost for your home, so it's really amazing to bring that together with, again, the f-150 because what we're finding is more and more, americans want clean energy independence, right? they don't want to be dependent on others. they don't want to rely on utilities in california where the power goes out routinely. they don't want to worry about storms and events, so bringing

these technologies together is incredibly powerful in accelerating what, you know, i always viewed as a customer-led revolution to these new technologies that are so much more innovative and effective in serving americans. liz: and we should point out, i mean, natural gas maybe down today but it is not cheap at all it was $9 per million british thermal units right now it's more like 6.47 but are you working with other ev companies to have this same deal and i know it wouldn't be tesla because of course tesla owns solar city, which is also a residential and commercial solar panel company, but what other opportunities do you see as far as the runway in ev's is concerned? >> i mean, ev adoption is exploding and to your point, liz , like yes. prices can go down one day, so we all know is fundamentally fossil fuels is a volatile, with a trajectory that's gone up, and gone up very high lately, so the reality is when you're power ing from the sun, the sun

doesn't change its price. it's generating, right and creating that clean, affordable energy for all, so yes, we've been in constant conversations with different oem's working together on different products and approaches and very much our view, our focus for sunrun is really being that beloved trusted partner of americans, as they moved more energy independent resources, so again, not just with the ford f-150 vehicle, but hopefully being really that gateway to other ev adoption, for the customers so we are very excited about this , as you know, it's really growing , what's happened recently is only making it grow faster and what's happening from an inflation perspective, i mean , i should add, we're a product that actually when prices are rising, you know, if there is a recession like we're the kind of product customers want, because we're the company

that's providing them with a more affordable way to power their future. liz: well yeah the sun doesn't raise its prices i like that line. now, we know that the biden administration has just put a pause on the tariffs that were slapped on chinese solar panels. how do you view something like that? i see both sides where some are saying wait a minute, we're going, we're supposed to be going all in on clean energy and yet, now we're suddenly going to be more dependent on cheaper imports of solar panels and photovoltaic panels from china versus, well, let's do business here. it may help companies like yours ramp up more quickly. >> well i mean, you know, the reality is sunrun was a leader, frankly in ensuring that all of the vendors that we work with meet really high standards, so from our perspective, the investigation didn't make a lot of sense. the industries been doing a lot of work. we absolutely support the notion

of more manufacturing, really, as this customer revolution accelerates, liz, the reality is we're going to need lots of countries including our own in this space, again, generating economic value for the country, so again, we see opportunity in the u.s.. we really love all the partners that we work with and we've always been a leader in ensuring that again, those that we work with follow very strict protocols, so we're already on the record as saying we don't think the investigation is needed, and it's time to move forward, and time to allow consumers to do what they want, which is they want more energy independence. liz: all right we'll be watching , and let us know when you get your next ev deal. we're very interested in cover ing this angle. >> awesome, wonderful. nice to chat with you liz. liz: great to have you on mary powell, ceo of sunrun. hey, you guys i told you this morning all about the

hyundai ionic 6 ev. in my morning tik tok post, yeah , because they just gave a sneak peak of that thing. follow me at red fox liz but one fcc commissioner now wants apple and google to pull tik tok and its platform from the app stores there. charlie is breaking it, next. but what about my at red fox liz followers? we have more than a quarter million. i hope you join the group.

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>> if you look beyond that, here is what tik tok is pulling. your search history, your browsing history, keystroke patterns, biometric data from face prints which can be used

according to reports for facial recognition technology down the road, voice prints, in some cases draft messages that are saved on your clipboard, so we're talking about a vast trove of data so beneath that surface this is a sophisticated surveillance tool. liz: do they know i'm eating that much chocolate at night? that was brendan carr, a senior republican on the fcc, telling neil cavuto, why he's calling for renewed scrutiny of the wild ly-popular video sharing app tik tok. today, he called for both apple and google to remove tik tok from their app stores over the concerns you just heard about. charlie? charlie: okay, i thought he was going to say which was the money shot here and if you still got this part, you should put it up where he said the chinese government, or tik tok, has now conceded to us that it will send the information to china as necessary.

liz: i'll have to rip it out of oracle's data centers, right? charlie: they say it's in some data centers here, where let me know if we have that part. that was the part i thought you were going to, we don't have it. that was the part i thought you were going to put up there and that was the important part. they went before congress, and said everything is secured, it's not given to china, or suggested this much, and then, then, they put out some statement, where they said that they will give information to china, as necessary. i could tell you this. based on what brendan carr, he's one of the commissioners on the fcc, which has some regulatory authority over tik tok, there's going to be a movement on capitol hill, particularly among republicans but probably democrats as well, to put pressure on the companies that are essentially feeding tik tok to american children. it's wildly popular, i get it, but think of it this way, and this is where it gets interesting from a business

standpoint, for google, for apple, for verizon, for at&t apparently when you go buy an iphone, because at&t or verizon and apple have some deal together, tik tok automatically gets loaded on your phone, so you automatically get it. it's not like you're choosing to get it. liz: you have to sign up. charlie: you have to buy a phone that's what happens. liz: can they see me naked? that's all i want to know. charlie: no, no, did you listen to what he said? liz: i'm terrified. charlie: because of your, what was it? i don't know what you search at night or day or whatever. i mean, i'm looking at food recipes and body builders. liz: so innocent. charlie: yes, you know me. the only porn i look at is food porn, i want you to know okay? liz: dessert porn. charlie: but they do track that

via tik tok. they give that information to the communist chinese which look for any edge over the u.s. , i'm telling you, this story has legs with republicans, and probably some democrats, probably even the biden administration. i don't know if they are going to go so far as to ban it like trump did but i guarantee if republicans take congress from what i'm hearing from the hill, this thing is going to, they are going to do hearings on banning these guys. now, are they going to, are you going to hear extremes from 12- year-old girls like across america? liz: like me? charlie: like you, yeah, oh, that's right you got tik tok thing going, right? liz: oh, yeah. charlie: yes you probably will, but the adults should assert control here, and say we don't want the communist chinese no everything about everything. liz: they don't want, you don't want them knowing that you found a chicken parm recipe off better homes and gardens. charlie: liz: up next, we're going bird watching, keenly

focusing on the feds hawk, but what our $364 billion countdown closer is telling her clients, she's going to share with you, right here, on the "clayman countdown." dow is holding on to gains of 23 points, nasdaq down 32, s&p down 11, with just six minutes to go. >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >> tech: that's service on your time. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ . . and i've kept it off for over a year.

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♪. liz: closing bell, three minutes away. check this, the dow jones industrials have crossed unchanged line 58 times. it is holding on to 89 points of games. will we see a 59th in the next three minutes? to tell us what chief investment officer request 326 billion under asment what she is doing with her money. dana, we mad jay powell of the federal reserve making comments again, once again doubling down

saying the most important priority to continue to raise rates. looks leak we'll see another one in july. talk to me exactly how your clients, how you're positioning them at the moment? >> sure, happy to. i will say, this is no surprise, right, coming from the fed chair that the expectation here is that we accept recession in order to cut back on inflation. i think right now what we're hearing most from clients is, is the 60/40 dead? the assets managers working with the retail clients, they're kind of coming back how are we diversifying client assets. expanding past 60/40, public equities fixed income are in losses for the year? liz: in that mode, how do you position? are you more prioritizing value overgrowth? i know that is certainly a path

at the moment? >> yeah. no, absolutely. it's a great question. i would say look, when i say diversifying, i'm thinking in terms of alternatives. i'm thinking in terms of you know, trying to get liquid for clients like that or hedge funds. question on value and growth is a good one. we don't tactically move but if you're asking the economic information coming to me, i favor value over growth certainly in a market that has rising interest rates, return to fundamentals you have to look that way. liz: a different kind of growth, that is gdp, didn't get, first quarter, final read showed contraction. we're halfway to a true recession. we'll see. how much value do you put into recession at the moment? >> i don't know it matters to investors nbr says sure it was. everybody you talk to certainly feels like a recession, what is happening with prices what we're seeing going on in the market.

i think investors are positioning with the expectation that's what we're dealing with. liz: dana, great to have you on. please come back. dana dauria. always a pleasure. folks looks like we're seeing the dow at least snap a three-day losing streak. [closing bell rings] it looks to gain 76 points but red all the way across the screen. tomorrow the fed's favorite inflation gauge. ♪. larry: hello, folks, i'm larry kudlow. welcome to our july 4th celebration show. our big theme this year is restoring life, liberty and the pursuit of happiness that phrase, entire declaration of independence the most important document in the english language. i think it is the most important document in world history exempt perhaps the bible. the declaration of independence