president biden, remember, rents are soaring like never before, food prices continue to climb every single month. i mean, it's tough out there, folks, but then again i don't have to tell you that . i hope you're in this market and offsetting that by some degree, and i do still hope you have a fantastic weekend. i appreciate you watching. i hand it over to my colleague, liz claman. liz: and treadmill prices, you see peloton, charles, those price hikes? charles: yeah, good luck. liz: yeah, get on that treadmill. price hikes, mass layoffs and store closures and it's popping 15% and the bike maker stock has been slashed 89% since last september. but peloton, hardly the only stock sprinting higher, no water breaks for the bulls as we kick off the final hour of trade for the week. who said friday afternoons in august were slow? i didn't. i never would because we have a rally in play driven by tech but materials and consumer

discretionary following closely behind. we're very close to session highs. the dow up 335 and the s&p better by 58 and nasdaq up 225. right now we're looking to cap off quite a week. both the s&p, which is gaining about one and a third percent right now and the nasdaq, which is adding a nice percentage move as well, could snag their 14th weekly advance in a row. you'd have to go back to november of last year to see that kind of weekly win streak. now, the positive moves were fueled by the data revealed this week, of course, that showed consumer and wholesale inflation abating a bit. hey, we're all in at this point. today, look on your screen. we've got that, the first print for august consumer sentiment and it rose to a three month high as consumers appear to accept the fed will most likely continue to hike interest rates to tamp down inflation even more. quelling inflation, the

$430 billion spending bill the democrats say will reduce inflation is about to jump its final hurdle. they are discussing and debating it now on the floor of the house before it heads to president biden's desk. this is a live picture of the house floor where the vote is expected to happen at any moment. if it does during this hour, we shall take it. what had been the biggest driver of inflation over the past year, you guys know this, energy prices. look at this, they're all weakening at this hour. crude, pulling back in the after market by 2.5%. we've got natural gas down 1.25%, that's the wholesale price down about 1.5%. nat gas is high but crude and gasoline have fallen 13% a piece since july 1. what does this all mean for stocks? since the lows of june, look at s&p 500. we do have it up 8.13% over the past three months but up 15% since -- i guess you could call

it around june 13 to july 13th, which were the lows. bank of america said investors are poured $11 billion into stock funds. are they on time by doing that or are they late? let's get to the floor show on this friday. joining me now with $1.1 trillion in assets under management, lp equity strategist quincy crosby and energy guru phil flynn. quincy, how do you proceed after this run up that we've seen? where are you taking profits and where are you buying if at all? >> we hire in small cap in terms of equities, and it's played out quite well. we knew that small cap evaluations were really intriguing, and we always knew that small caps tends to do better as we're coming out of the downturn. they've been performing well. we are looking at getting grosser. we want to see consumer

discretionary leading this rally. that would confirm we're moving into a bear. industrials also beginning to perform. and by the way, the semiconductors, they are a barometer of global growth and global demand. today they've storied to inch higher. these are all very, very good news and you know what, it's not if but when we embrace this move higher. liz: yeah, we're looking at semiconductors, nvidia up 3.33% and there's a reason, a very interesting one we'll tell you in a few minutes later on in the show. qualcomm, broad come, texas instruments and intel looking very good. oil: phil, you predicted that oil will go back up to $100 a barrel by, when? october? which names are going to benefit and what's going to get us there? it looks like the trajectory is going in the opposite direction here. >> it is. we're in the dog days of winter and interestingly enough, when you get to the second half of summer, or summer, winter, get

into the second half of august, prices will come back down. one of the things, you know, if we look at why oil price haves tanked over the past couple weeks, it's because number one, we're afraid, oh my goodness, we're in a recession and demand is going to fall off the map. the other thing was inflation is just going to go in one direction and the fed's going to raise interest rates to unbelievably high levels and that's driving down the prices. you throw all that out and look at supply and demand. demand is not as bad as people said and if you look at oil inventories, they're below normal in every category whether talking gasoline, diesel, ewe name it. winter is coming and supplies of de-sill fuel are -- diesel fuel are below average. we release record amounts of oil from the strategic reserve and supplies are below average. we quit getting the extra oil and we'll be short a supply and prices will rally. stocks will rally.

i agree with what quincy said. go ahead. liz: well, again, to that point, quincy, you're talking about stuff that we need versus what we want. i don't see you jumping into energy. is that because you think it'll been overbought leading up to this pullback that we see right now? and if not, you mention the russell, the russell has been a really nice performer over the past couple weeks as well. are there particular subsectors you say have a real opportunity to run in the fall? >> well, yeah, i mean, we have been in an energy buy out but we've been in healthcare. and that's an interesting one because the small caps on bio-tech are doing very well and big pharma tends to be more defensive. also in small -- mid cap, you are seeing, for example, small industrials beginning to get a bid. it's across -- energy and small and mid cap, how about some of the exploration companies that

go in and dig deep and start exploring. this is new because obviously as phil said, it's been anti-seek an antifossil fuel environment n washington and we're starting to see a pick up and not to mention in the smaller service companies within the energy sector. >> yeah, exactly. liz: i don't know if we still have our camera, phil, on the floor of the house, but they are still debating this. the expectation is it will pass. it's called the inflation reduction act. some discussion about whether that's true. yep, there you go. live picture. i believe that's debbie dinkle. as we consider what this brings, the ev picture is something that is still very cloudy. we don't know, we'll talk a bit about the tax breaks that later on in the show that some companies may or may not have but overall we know that lithium is going to be in huge demand. let alone natural gas. >> it is.

no, it is. natural gas and everything else. i call it the fossil fuel inflation act. that's what i say. you know, i see more regulations, more taxes on fossil fuels, it's going to drive up fossil fuels. in getting back to the sconce, we're seeing a divergence? the energy stock than ever before. the oil was down and they'd be down. now we're seeing even on a bad day in oil, they're churning up. take a look at canadian oil stock that's integrated and i own it and love it, and i think that'll be good. the refiners will be looking very good. so, yeah, i agree after seeing a turn in the stocks and, yes, as we go to lithium, lithium stocks are going to be hot and all of those you should the steel but the government is throwing money at them but they're take money away from fossil fuel development. that's going to keep the supplies tightened and the stocks hot. liz: quincy, the fed -- okay, it's a friday. we're all hoping for a nice

weekend, not thinking about what the fed might do. you can't ignore them though; right. do you see a pivot coming or feel that september, these fed heads that have spoken are going to go full force ahead and continue to raise rates? >> i think they're going to continue to raise rates. perhaps not as hawkishly, maybe 25 basis points, 25 basis points after perhaps the 50 basis point in september. you know, they know if you look at the market and look at any portfolio of a manager's survey, they do not want stagflation. stagflation is probably the enemy of the economy, enemy of the market, and enemy for consumers. so the fed, taking them at their word. all though, all though you're right, they also have become more -- how should i say this, sews logical. not just in the u.s. but the european union. perhaps afraid to put the economy into a recession. but price stability is crucial

in the economy. they're fortunate that the labor market is strong enough now so they can raise rates knowing that the labor market is keeping the pillar of our economy, the u.s. consumer -- exactly. liz: it's really hard. it's really hard to see recession when we're building jobs in the last month by half a million. guys, we got to leave it there. i just want my $15 peanut butter than that's organic to come down to about $6. enough with inflation. >> still working on that. liz: thanks. have a gratified and a great weekend. phil, quincy, always a pleasure. we have reports that best buy is cutting hundreds of in-store jobs across the country as the electronics and appliance retailer says its customers are shifting to website shopping versus brick and mortar and earlier this stock was popping and it's slightly lower. speaking of spending, gorgeous

vistas for vista outdoor shareholders. the stock up 400% since the pandemic began. so why is the recreation and outdoor sports goods maker known for bell bike helmets and rimming tonton guns -- remmington guns splitting in two? the ceo is here next with the fox business exclusive. the closing bell ringing in 4-9d minutes. no lazy august afternoons here, folks. dow jones industrial up 366 making new highs. we're back in a moment.

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liz: vista outdoor has been on a shipping spree. this is the leader o outdoor sporting equipment and they've acquired fox racing and sims fishing products for a combined $732 million. the deal bolsters its already bursting portfolio brands, which include bell helmets, camelback, and remmington ammunition. vista saw record growth during the pandemic, up more than 400%, make it 426% since march of 2020. in may, vista announced, kind of a big move. they're going to split into two independent companies and that means two independent stocks by next year. ceo chris metz is the man at the forefront and he's here in a fox business exclusive. chris, i need to go macro with you because you've got your finger on the pulse of just got, sort of the first print for august, shows improvement. can you do us a favor and compare the spending your customers did during the

pandemic to maybe the start of this year and then now. >> liz, it's a really interesting question because we certainly see a mixed economy and mixed consumer sentiment if you will. there's no question that it's moderating a bit from the heights of the pandemic, but the 400% you referenced certainly points to our stock price increasing and our sales have doubled during that period. some of it being organic and some of it being inorganic and that happened and we haven't seen it slow yet and our first fiscal quarter which was march to june, this year our sales were up 21% on the top line and we're forecasting a bit of moderation here in our guidance as we go forward because as you said, if people aren't purchasing as much as they used to, but the encouraging thing is they're purchasing at a much higher level if you look at a historic basis and the participation is still kind of off the charts, if you l. what

we're seeing a bit of divergence is in our premium price products as you mentioned, zero foresight and camelback are all performing very, very well but some of the opening price points with outdoor cooking and some of the bike helmets, they're not performing quite to the level they were during the pandemic. those consumes are still fairing well but feeling it in their pocketbooks more with inflation. that's for sure. liz: i appreciate the honesty because front page of the wall street journal today, there are mass numbers of bicycles that retailers had overordered because there was almost panic buying of bikes during the height of the lockdown. nobody could go to gyms and they wanted to buy bikes and consumers are shifting to things like travel and unsold goods and make sense with the goods and the company and vista was

consumer oriented products like camelbacks and like some of the bikes. that will go, of course, into anotron much and then the other company will be your other, what you call the sporting, the shooting/sporting division; right. this is all of the ammunition. all though you do sell to law enforcement and military, as i understand it. why the split? >> simply a matter of lock and value for our shareholders. as good a job as we've been doing executionally and purchasing great companies for terrific prices, we haven't been rewarded as much in the top line as we think we should, and as we sit down and talk to customers and investors about it, the unlock is separating the two companies. so if you take sporting products, which is predominantly ammunition, it's more of a return to investors in the form of dividends and the apple product side, faster growth and more inquisitive and apple products want to trade at 10-12+

times and our sporting products wants to trade at four to five to six times so we've got a bit of a disconnect that we want to unlock so it's simply about how do we unlock the value and how do we directly address the capital allocation. that's what we're going to do and we're both divisions or companies if you will that will split, they're both about a billion and a half to two billion in sales on a performance basis. both of them predominantly sell consumer after market products and both are well suited to do well on their own. liz: as i look and i see that the shooting sport division is around twice the size of the consumer outdoor products division, make the case for buying that part of the business over the ammunition part of the business. >> sure. the first thing you have to do is look at it on a performance

basis so they're going to be about equal size. but if you look the sporting products group, it's a terrific cash flow business. we've done a lot in the industry to improve margins and highly innovative business. so i think for the investors that are looking for a steady business that is best in class, they're going to invest in it all day long. it's something that i would invest in. in fact, i would invest highly in both businesses and will as we go forward. liz: well, let us know when you get the new names, unless you have them right now. >> no, we're working on that right now, and we're involving all of our employees. liz: okay. oh, that's cool. let us know. i'd love to know some of the runners up. people get creative. it's almost hilarious. great to see you, chris. thank you so much. >> all right, liz, good to be here . thank you. liz: you guys have heard this example and this expression: there's no crying in

baseball except for last night. emotions peaked in dyersville, iowa, for the second year of the field of dreams game when the surprise performance by someone who is no longer with us happened in the seventh inning stretch. how did the late, great hall of fame broadcaster harry carrie make an appearance to sing take me out to the ball game, considering he left us more than 25 years ago. all the highlights and the company who haul graphically -- holographically made it happen next. dow jones industrial popping 362 and close to session highs for all three indexes, nasdaq up 259. we're coming right back. don't go away.

liz: fox business alert, markets continuing their surge in the final day of trading for the week. you can see dow jones industrials up 351. let's check s and p up 61 and the nasdaq nice percentage gainer, 233 points or a jump of 1.8%. we need to look at shares of electric van maker rivean and down a quarter and a percent after revving higher in a percentage and trip until the second quarter $1.7 billion and

focus on the re knew beat and they were pleased with 120,000 and offering purchase agreements to lock in fuel future sales now which would allow them to quororhe t t $7575 t cdi dtockow d 6% 6ear t te x tax its thas issngs at a ving manufacanturianturo stria to the u.s. in 2024 in order to make certain models eligible for the tax credits requirement in that bill. e vs and it has clean sold out of 2023 allotment of the fisker ocean lv and fisker ocean ultra. shares moving higher by 4%.

chinese adrs, american depositive gain tear receipts and they're companies that trade here in the u.s. under pressure after five of china's state-owned companies will de-lift due to lip tomatic -- diplomatic attention with the u.s. and those companies include not the ones on your screen but petra china and petra chemical. several are pulling back on the news because the u.s. and bejing were in talks of long-running dispute involved allowing access to audit chinese companies. in december the sec final rules prohibit trading with some chinese companies including alibaba and they beat analyst experts for the second quarter revenue numbers toast popping

7.8% and the boston-based company sees no signs of pullback in consumer spending at restaurants. bed bath and beyond number one right now on meme tracker site "on wisdom" and on track to complete the best month on record jumping 20.5% month to date. yeah, loop capital not buying it. reiterated a sell rating saying sells are only worth a dollar and worth $12.72 and they believer the surge has been driven by smaller retail investors from reddit chat rooms like wall street bets and the home furnishing company faces huge challenges in the high inflation economy. shares surged about 11.13% over the past week. it's been a big week for bed bath and beyond. a dream come true for the chicago cubs. last night's field of dreams, we promoted this, yesterday. baseball game ended in a cubs victory over the cincinnati reds

nearly 8,000 fans turned out for the game. held in the iowa corn field ballpark made famous by the kevin costner movie "field of dreams". but the moment getting the most buzz, during the seventh inning stretch, the famous line for the movie, if you build it, they will come came true. fans got a stunning performance by a hologram of the late, great hall of fame broadcaster harry carrie singing his rendition of take me out to the ball game. take a listen. how did they do that? fox sports created the hologram with help from silver spoon animation in partnership with nvidia studios. nvidia popping 4% right now. by the way, this project, fox kept it top secret. it was held under wraps for a

year. and even code named project ivy. don't know why but grady trimble was lucky enough to be there. he joins us with all the highlights and some of which broke folks to tears. grady. grady: hey, liz, they built it and we came and now they're breaking it all down and good thing the game was last night with a beautiful sunset over the iowa corn fields because it's kind of nasty out here today. what a magical event it was yesterday once again. we were wondering how they were going to start the game with no kevin costner this year. instead the opening featured ken griffy jr. and ken griffy sr. when recreating the scene where kevin costner played catch with his dad. it was a moment for fans in the stadium and those watching on television. it gives you the chills. then a special moment, fans did a special take when the late

great harry carrie led fans in the seventh inning stretch to take me out to the ball game in the form of a hologram and another special moment with a tribute to ray liotta playing shoeless joe jackson in the movie. there was a big concert after the game last night too featuring country music super star walker hays. we caught up to him before the game yesterday and he told us what it meant to be here . >> it's special to me. i lost my dad about a year ago. this was a movie he and i watched a billion times together and how that movie kind of touches on the father son bond, this is epic for me. this is once in a lifetime. grady: seems like this is becoming one of baseball's best traditions and as of right now, we still don't know if there'll be another field of dreams game next year and that's because the owners of the original movie site behind me have some construction that they're planning to do so it might get in the way of hosting the event

next year. we shall see. liz. liz: hey, wait a minute. just do it now and get it ready so we can have that game again. grady, thank you very much. great to see you. okay, did you notice or did you not notice that your morning java has spiked not with more caffeine but in price? the ceo of fastest growing coffee chain around calling hiss employees bro istas and how they hiked menu prices and continue the wild growth. the ceo of the company is joining us next. we're coming right back. don't go away. dow jones industrials jumping 348 points, stay with us.

liz: maybe you didn't notice as

you were ordering your oat milk lata double cup. who does that? totally what i drink. price of daily jolt of java jolted stunningly higher and the price of coffee surged about 80% over the last two years after weather destroyed brazil and columbia's crops last year. brazil is the world's largest coffee producer and low crop yields in the south american country and pricier lattes in the globe and dutch bros implemented two price hikes over the last year and still bros fans are showing up and ordering up. here to talk about that is dutch bro's president and ceojoth ricky who joins me in a fox business exclusive. number one, you need to build one of these right by my house, okay. you don't have enough around this region in new york and new jersey. that said, these prices have been pretty stunning, not yours,

i mean what we've seen with the futures. how has your world changed over the last 9-11 months? >> well, the basket of goods has gone up dramatically. whether you're -- it's a coffee bean or whether it's dairy or you name it. i don't know that there's a commodity or an item in our basket that hasn't seen what i would consider to be a dramatic price increase over the last few years so i think as a company, you have to figure out your way to manage that and, you know, for us we've always kept the customer in mind wherever we see price increases. many of those are transitory and they go up quickly and they come down quickly. but i think the difference in this last year is that many of those prices have stayed up so i think it's forced companies like ours to respond to that. again, i think we've managed in the lens of the consumer and tried to take small price

increases and what's happened in the commodity markets during those times. liz: what i find fascinating about you guys is that you have employeed ahead and in -- plowed ahead and surprised on how many stores you built and added to what you had in the first half but in the second half i'm hearing about 65 new stores will be built. you know, is the saturation point still very far away when we know that there's a starbucks on every corner? how do you view your growth trajectory? >> well, you know, when we started our plan, it was about four years ago and looked at what we thought to be the white space. we established our version of white space and looked at 10-15 year run that we see 4,000 dutch bros locations and, you know, right now we're just kind of in june, we went over the 600 store mark, and we feel like we have a long ways to go. if we do it right and have a good plan behind that, we think this will be able to provide a lot of great beverages to a lot

of people around the country. liz: you were able to, as we said, implement two price hikes: one last fall and one this spring, and yet people are still paying that. what kind of shift have you seen at all? are they not ordering the pricier drinks or do you also make energy drinks? >> we have -- our menu includes, you know, espresso-based beverages and energy-based beverages and also the teas and lemonades et cetera. the way we've managed our pricing and the way we have pulled that pricing through, we haven't seen a consumer pullback for the most part. i think in the -- what we've seen is we've seen a switch out of larges to mediums. i'm not a big one but there's one that we followed and the other switch we noted in our conference calls is we've seen an impact in california,

specifically, on a lower household income consumer that has really decided to just walk away to some point. we've seen up to a 40% reduction in transactions from that segment of the population. liz: well, high gasoline prices and they've got to make choices obviously. that's interesting to hear. as inflation aside, tell me what trends you're seeing and when we talk about trends, we cannot ignore the 800-pound gorilla in the room and that is that starbucks had to face the possibility of unionization. you guys are nowhere near that right now, but you have more of the cool vibe at this point that it feels almost like starbucks lost where the baristas or you call them the broistas and they're very happy and get that great personality. how do you hold onto that and keep your employees happy so

they don't go the route and go the way managers prefer not to and that's unionization? >> yeah, being a employee-first company with a culture that really has stood the test of time for 30 years, i think that was a concern of this company in 2002 and it was a concern of this company with its growth in 2010. it maintains a concern and honestly i think if we use that lens as our number one priority is that we're a employee-first company, we're a culture-led business. we grow through the lens of our people. we are not a real estate company adding people to the equation. we're actually a people company adding real estate to provide opportunities for our people. as long as we stay that route and we understand that we're big but also very small in every community that we operate in, we maintain a high degree of customer service and forward facing communication with our customers and we keep our employees happy and having fun,

and we have to hold ourselves accountable to doing that. i've even said since we've gone public, i want to make sure that while we have all these numbers and everything we want to report and all these analytics, it is still about our people and our people having great -- a great time working at dutch bros and delivering amazing service to our customer. liz: well, i like that. i like that theory. we will continue to watch it. you got two price target hikes just in the past couple of hours, jp morgan, stefl and he recollects we continue to watch this and thank you for joining us. will you come back, joth? >> i will come back any time. you name it. liz: thank you, good to see you. >> thank you. liz: dutch bros ceo joth ricci. the fed, holding firm on 2% inflation target. we're already so far above that, nearly 9% but billionaire and

blackrock ceo larry fink saying rising interest rates is not the only solution to curbing high price ands he's pointing a finger at fiscal policy. charlie is breaking the story next. you got to hear if. we're coming right back and we just hit new session highs. dow jones industrials at the moment up 374. nice move for the russell as well, up nearly 2% or 38 points and nasdaq up 240 points. we're coming right back.

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two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. liz: we have some breaking news. it appears that we have now seen the unsealing of the warrant that the fbi agents used to, of course, search former president donald trump's mar-a-lago home this week along with a list of items they took from the property. as this breaking news develops, we want everybody to know that it is just happening right now. news organizations had submitted the request in court filings and the decision was ultimately up to the u.s. magistrate judge bruce rinehart in south florida who approved the original warrant. charlie, as these headlines get

to tape, we are watching the markets closely and don't appear to see any shackiness at the moment but -- shakiness at the moment but everybody needs to watch this at the bottom. charlie: first of all, fox news had the guts of this, you know, an hour ago so a lot of this stuff has been out there. listen, this thing needs to play out. it's hard to figure out if there's any -- i don't think it's a market implication. the former president, not the current president who may or may not be in trouble over it. we don't know. i just want to say one thing though, i've been reporting for days and it's causing quite a havoc. quoting people that work for donald trump, eric trump, his lawyers that they never really received a full copy of the warrant up front that they saw it and could take a picture but never got it. they're still telling me that. they're also telling me that at some point they did get it. let's just be real clear here,

this is a justice department. if you read some of this stuff, they waited three days to execute the warrant that was granted by the judge. so if he had the codes to nuclear secrets and if he had the infamous urine tape in his basement, whatever, and they really wanted it, why did it take three days to get it out of there? these are the questions that need to be asked. we'll talk about the markets here because you're fascinated by that. just some statements made by larry fink. we're going from urine tapes to larry fink. that's not a great segue but in any event, they're not related. what i will say is this, larry spoke at aspen conference with neil kashkari and he runs the

minneapolis fed and one of the biggest bond buyers and point bank ask him, what's so magical about 3% unemployment? excuse me 3% inflation target. why is that magical when -- excuse me, a 2% target. why is it magical? why not 3? why not higher? i think, you know, if you believe the fed as kashkari pointed out is committed to 2%, there are many, many more rate hikes involved because we're still at 8.5% cpi. if you believe that they're willing to come off that to maybe three and four, well that's kind of what the market is saying right now. now, i don't know the answer to this, but if they're really committed to 2, that market is -- you're setting up people to get slaughtered. if they're not -- liz: doesn't larry feel there's a better way to bring down prices than monetary policy? charlie: larry was talking about broader thoughts during this

thing about immigration we should ramp up immigration and other things to bring down prices and talking about wage inflation and how to deal with that. i think he mentioned the notion that we probably spent too much money in the beginning of the year in a fiscal way but, you know, getting back to the markets, and that's kind of where this got interesting because kashkari said, no, no, we're committed to 2%. he clearly said why do we have to be there? why can't we go to 3? i think, he didn't say this, but i think what's in the back of his head is we're going to be at a 3, 3.5, or 4% target and that's what the markets are saying. obviously if he's wrong, the markets are wrong, man, that screen is going to get pretty red and pretty ugly. but if they're right, the market sees something here. that's interesting. by the way, markets have been wrong in the past. traded up to 14,000 right at the end of 2007 thinking we're not going to -- the credit crunch is over and we went into a

financial crisis. liz: right. think it's a buying opportunity and by the way, we're up nearly 400 points for the dow jones industrial. charlie: it's amazing. it's amazing. liz: what's also amazing, did you see the adam aaron, amc ape meme that he posted. he posted that he turns into the blue creature from avatar. unbelievable. they love him, retail investors love him. you can say what you want about the stock but it has performed nicely over the past. charlie: you're look for eight twitter followers but the stock is down 64% from the highs and, you know, he's going to have to sell them a dilution plan. i want to know what happens if it doesn't squeeze, if there's not a lot of synthetic shorts as they believe and this thing doesn't squeeze. man, you know, people talk about it. it could be a problem. anyway, you know, i actually

like aaron, adam aaron and i think he's a resourceful ceo who was handed a really rough hand, and he did some good jobs. amc ape conspiracy theory. kenny g is not controlling shares secretly. liz: i want to say the way of water avatar move virgin islands i love the original avatar. charlie: i bet you wait till you're getting it on streaming. liz: no, no, i like movies in theaters. charlie, i guarantee you'll stream it. you don't go to theaters. liz: dude, i went to the theaters twice to see maverick. twice. charlie: friend of mine said it was horrible. liz: who is your friend? charlie: by the way, today is the first down day for amc ever, ever! liz: charlie, great to see you. charlie gasparino. folks, we have made it. dow up 408 points on weekly basis and s&p and nasdaq up four

weeks in a row and best stretch in nine months. comerica wealth management john lynch joining us. where do we go next week let alone next month or next year? >> hey, liz, good afternoon. i think equity investors have had the rally cap on for the last six weeks but i'm afraid it might be time for a cap in the rally because we're -- we still have a lot of challenges with inflation, you know, i know people are excited about the idea that, you know, we're coming off a top but if we go from 9% inflation to 5% inflation, we're still twice the fed's target so i just think we're in for a bit of a slide going in next week and after. we're welcoming potentially 50 basis points next week after the september meeting, but it'll be awhile and investors need to appreciate the fact that inflation will have an impact on interest rates, which will have an impact on multiples. liz: yep, i think that's fair.

we watch you like energy, industrials, material, and financial servicers. what a great way to cap off this week where we have seen the bulls running and now they are partying and it's happy hour as we finish out the session and the week. the dow looks to gain 412. s&p up 71 and nasdaq up 261 and that'll do it for us. kudlow is larry: hello, folks, welcome to "kudlow." i'm larry kudlow. a day after ag her i garland's where's the beef press conference, form president trump's search warrant has been unsealed. as we noted last night, the search warrant and the redacted inventory list is virtually of no use.