president biden likes to call himself scranton joe but in his hometown, 23% of folks have college degrees and means the rest of them don't. they're in that despair bucket. who is going to help them out? is anyone looking out for them? anyone? i hope scranton joe is looking out for them because they're not getting a nickel of that trillion dollars and they need it probably more than the elites that regret they took the wrong major. liz claman, over to you. liz: charles, the dow just hit a new session high while you were talking, 474 points to the upside. charles: we needed it. liz: just like that sign says, making money, let's do it. fox market alerted, we do have the markets charging higher as headlines from multiple news realms hit the tape and the dow at 463 and s&p up 71 and ten out of eleven s&p sectors blooming bright green and tech showing the strongest leadership and

inter-day on the nasdaq climbing much of the session and look around 12:40 p.m. eastern time, it started ramping up just as federal reserve vice chair lyle braynard made all kinds of tough on inflation comments, "we are in this for as long as it takes to get inflation down". coming up, the one line -- and that wasn't it, the one line that braynard uttered that may behind the rocket fuel juicing the markets now. from flying high to diving fast, got to look at oil. it is gushing and losing it is gushing power at this hour. in the reverse, we're in the after market session. oil closed just before 3:00 p.m. eastern at seven month lows and have it down $4.98 to $87.90 a barrel. big loss here today. down 5.7%, seven month lows on fears of global recession may be inevitable and you've got the lockdowns extended in the chang

du tech provence and all the market and more on the stock and fed and yesterday powell is speaking tomorrow but first, it's all about apple's block buster announcement on the iphone is about to turn into a new emergency satellite phone of sorts. folks, so many headlines but we're giving you the really juicey ones. when users are off the grid in distress, the new iphone 14, it looks like it's in the dark at the moment because they're so dramatic with this, the new iphone 14 can be pointed directly at a satellite to connect with first responders. then you can let via the surgery sat feature -- emergency sat feature to let anyone know your location for help. available in u.s. and canada this november. apple up three quarters of a percent and iphone 14 will be available on october 7. here are the prices. starting at $799, $899 for the+,

which by the way is the biggest phone yet at 6.7 inches and delivers all day battery life. i'll believe the all day battery life when i see it. iphone 14 tickling investors pink with the color lineup deep purple. and the apple watch getting an upgrade with new health features to track temperatures, blood sugar, oxygen levels, ovulation levels. even a car crash to alert authorities and emergency contacts. series 8, $399, $499 for the cellular that's built in. let's bring in tigress financial partner and senior analyst martin yang: gentlemen, start your apple engines. apple has these down to the science. play scientist, what did you hear that has you and i guess by

extension novice torrs most excited about. >> well, first of all, these events are well produced and always very exciting and i think the health features continue to be something that drives consumer interest in tech adoption such as smart wearables and new phones. so i think that they've touched on a lot of t key areas in healh and finance and the second is safety features, including the crash detection and new satellite emergency connectivity. those are very inintriguing and the price points of the phone is lower than previous models so they didn't drive up the price certainly that's some deflation if you will. and, you know, there continues to be a significant interest in smart wearables as it relates to fitness and healthcare and affects -- tim cook said several years ago he believes that apple's biggest contribution will be in healthcare. i think that these new features

further that initiative. liz: yeah, a lot of them, martin, are packed into the new apple watch and there are a whole bunch of different ones they put there. the apple watch, they've got the 8 series and ultra watch for the ultra outdoor explorer made for outdoor training, hiking, water sports like scuba diving and that's hitting stores for september 23 for $799 and has all kinds of features. as you look at that and see some of what they're packing now into this, it's like a mini computer on your hand, is it not? >> that's for sure. their road map caters to high end or consumer segments and apple is able to charge them more and apple is doing exactly that with the apple pro -- with apple watch pro. i think that creates additional brand loyalty and creates new

users for other apple products. liz: yeah, looking at the horse face. usually in the past the horse face was not a positive compliment. look at that. that's so cool. there's all kinds of partnerships and the one with nike and again with the french luxury brand. i want to point out about the apple watch ultra, they had extreme explorers running around in snow and ice and swimming and scuba diving and there was a little bit of a moment where they had some sound, and i wanted to play this for our viewers and we need to get obviously to the iphone as well, the brand new one, but as we look at this, designed specifically for adventure and endurance, 36 hours of battery life for this watch, and as you figure who really wants this? is this going to be for people who are maybe adventure wishers that wish they were elite athletes. let's listen in and then you can comment, ivan.

>> long months of complete darkness, bitter cold, constant danger,, safe return, doubtful. liz: i'll never be the person to climb everett and watch the movie of all the people that perished but not climbing it. is this for the people that are not of elite athletic status? >> absolutely. there's aspirational products and brands and achievement. even if you don't climb everett with this watch, it lets you know if you did, it would help you. the extreme functionality, it get as lot of use in people's normal daily pursuit and doing other types of exercise and people are really into smart wearables. it's a huge growth trend.

they're increasing the functionality it's being used in so many ways, and these aren't really small computers on your wrist. these are powerful computers today, including the iphone is a very powerful computer. liz: very much so. >> the big thing about it is all these products contribute to the growth of the apple ecosystem, that drives increasing services revenue. for example, the emergency sos features and said it's free for a few months but then there'll be a monthly fee for this. liz: services is. services. >> didn't say the cost but if you're in a position off the grid and don't have cellular connectivity, you'll probably sign up for it. it's very similar to the garmin in-reach emergency transmitter they have that's very popular. it grows the demand for apple fitness, apple tv, apple music, apple care, apple pay. your prior guest on the previous show spoke about the fact that

apple pay has now exceeded mastercard in the total number of payment transactions so people are using these contactless payment processes in are being built into smart wearables and phones. liz: martin, we'd be remiss if we didn't get to the air pods pro 2, they launch september 23, $249. we talked about this on our tiktok this morning, the rumor and the leaked feature was that it would have the find my feature embedded within it because who hasn't lost their air pod case. this is the kind of accessory that adds so much to the bottom line even though at $249 a pop, you get the sense that it's not a huge big move there but still, how do you view the air pod evolution? >> i think it's a very incremental improvements from the first generation, but it has many welcoming features that consumers were looking for in the past two years like the

lenders that can go with the case and speakers are adding to the case to find them much better. that will generate a renewed interest in air pod pro category and overall revive the air pod sales in general. liz: all right. well, again, aside from the apple ultra watch, it feels like it's again more evolution versus revolution as we continue to watch, we will also be watching all of the orders that come in. oh, yes, and the lanyard for your air pods for those of us that have lost about 11 pairs. good to see you both, ivan, martin outperformed on the stock. martin has $290 price target. ivan at $210 price target and we have apple trading around $156. yeah it's rising here about one full percentage point. gentlemen, thanks. >> thank you.

liz: the markets blasted off at the open and the booster rockets are providing a final kick in this hour is fed chair jerome powell about to scrub the next launch when he speaks tomorrow. our floor strayeders are here to tell us what -- traders here to tell us what to expect for powell for all system go for rate hikes and big ones too. closing bell 49 minutes away, dow jones industrials up 457 and the "claman countdown" is just getting started. don't go away. ♪

pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig.

all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. liz: yeah, fox market alert. if you're wondering what has the markets juicey green, it's not

because of the new purple iphone 14. traders are seizing on new comments from the feds number two. federal reserve vice chair lyle brainer joined the fed heads on what they think should happen on september 21st. braynard's comments are grabbing the most attention saying monetary policy needs to be "restrictive for some time, that there's a real problem if they stop raising rates too early"but the line that appears to be thrilling inve inve investors ag up the 478 point gain on the dow jones industrials right now is this, "there is a risk of raising rates too much". so they interpret that as well, it's still in there that they could be skiddish and stop raising rates after several 75 basis point hikes. that could be supported by the fed's latest beige book that dropped within the last hour. the beige book is an indication of economic conditions across

the united states put together by different fed presidents and fed banks. it revealed some silver linings notably some of the 12 districts saw steady consumer spending and the beige book showed a shift away from discretionary goods and that was a warning sign that there is starting to be a slowdown in the economy. another 75 basis point hike and wall street journals reporter put something like that out earlier and he's considered a fed whisperer and earlier today that number was above 82%. yesterday on the "claman countdown" blackrock ceo larry fink expressed a different type of fed, till the biden administration, the federal

government, tightens its pursestrings and stops spending so much, the fed's rate hikes may be futile against inflation. >> we had a huge amount of fiscal stimulus during covid. we can look back and say was it too much? we're seeing very large fiscal stimulus at a time with very high inflation. it just makes the central banks in europe and in the united states much harder task. liz: keep banging away, it's not going to make a dent. get right to the floor show and see if the traders agree with larry fink, scott redler, kenny pulkari. it's hard to play devil's advocate because he's right. too much spending by the government is dousing whatever fire power the fed could possibly have. >> he's absolutely right and i think he got that from my note by the way, just saying. no. but i think he's absolutely right; right. so the feds in this very awkward

position because the biden's keep spending like a drunken sailor and the feds now in a position to try and control inflation. something which we see has been difficult for them to do and, you know, the rally today i think is to your point, you know, that hint that maybe after september, they can pull back and go 50 basis points, but i don't think that comment changed anything about september no mattedder the basis and cpi and expects it to be better and it'll decrease a bit and that's not going to affect the decision that the fed makes on the 20th of september when they should in fact raise rates at 75 and take a step back because they'll have six weeks to go before the next meeting in november and they'll have plenty of time to see it work through the system. liz: yeah, to be fair, scott, larry fink was blaming both administrations and you could go back to the george w. bush administration, lots of spending there, obviously. but what is the trade knowing

what we know right now about a pretty consist federal spending and the fed using blunt instruments. we are seeing oil prices come down. we're on our 85th day of falling gasoline price. that's pretty impressive but everything else is still pretty pricey. >> i think we've seen inflation moderate and the fed is seeing their job is being done somewhat. i drive past wawa every day and gas was $5.25 a gallon a month ago and now it's like $3.77 so that helps. today you're getting a perfect formula for a balance and fell 10% in the nasdaq and oscillator at 182 and this morning we wawalked in and yields were up d down and u.s. dollar which is a problem for equities was lower and a little overbought and this is a perfect relief rally. the question is: is this a relief rally that will go like we saw from the june lows into

august 15th or 16th or is it going to be a day and a half working off the condition and then are we going to retrace lower? we're looking now as traders, i got a little long today and a good spot to tactically buy verse 3900 with the s&p cash and the bears might step up around 4,040 and next area of interest where sellers come in and turn us lower. all this was an oversold bounce but i think there's a chance that it builds and i think it's up to the active bulls now to show they have power because the sellers are being controlled for the majority of this jeer. year. liz: you said you bought buzz the s&p was around 3900. during this show, it touched and fell as low as 3900. we're at 3980 right now, folks. scott's that sort of minute trader who really looks at these things and, kenny -- >> minute? >> i call it active. liz: minutia, how about that?

okay, liz. stop digging your hole. kenny, to me as i look at what's going on, i'm looking at stock screens and financials looking very strong at the moment, everybody from key bank to bank of america. i mean, you've got mtb bank up 2%, pnc, these are not exactly tthe gigantic, but large. pnc up -- >> superregionals. liz: yeah. >> i like those. those are a segment i like. financials are down about 15% year to date if i'm looking at the -- my work sheet correctly. therefore on a day like this, you're going to see money, you know, pile into a lot of those named sectors that have been really, really overdone and you'll see that bounce and to scott's point, i think this is really just the bounce and not going to be sustainable and we'll have a couple of days of everyone going, breathing a sigh of relief going, okay.

stocks were in a bit of an exhausted and oversold position and then moving into the start of learning season, we'll have downed revisions over the next couple of weeks and imagine for the start of third quarter earning ands that'll put a cap and cause the bias to the downside and not going to get to where mike wilson thinks we're going to 3200 on the s&p. liz: yeah, mike wilson of course not a little one in the world of finance. neither are you, scott and kenny. we live among giants. gentlemen, thank you so much. one-half of the men's semifinals now filled in at the u.s. open tennis championship. last night karon acing out controversial australian in five sets. kireos taking it out on his racket after the post game. look at that. guess what? how many rackets did he smash? no, he did not stop at one.

we've got that straight ahead. elon musk may want to smash something of his own today after a judge's ruling in the case against twitter. details on all the courtroom drama and there's a lot developing at this hour straight ahead. closing bell, 36 minutes away and we're still looking at 443 point gain for the dow and nasdaq is the biggest percentage gainer up 2.25% and 253 points to the upside. don't move, we're coming right back. ♪

liz: owe lon musk and his lawsuit against exiter. the delaware chancery court. she's deny that had tesla ceo's request to delay his trial against twitter over the $44 billion acquisition deal that he proposed several months ago. twitter shares are pounding higher on that, up 6%. musk had asked the judge to push back the trial from october 17 to november. the upside for mucks ing is the chance -- musk is the chancellor allowed musk to include the whistle blower claim in the counter claim. let's get to gerri nadler in the news room.

>> good evening, liz. after three and a half hours of arguments, you said it, the delaware court ruled the trial will take place as scheduled on october 17 out of fear that pushing it four weeks would harm twitter and ruled musk can add the whistle blower allegations. the allegations in question are from twitter's former head of security, peter zakco who was fired earlier this year saying twitter had egregious security issues and twitter undercounted the number of body counts on the platform and of course musk made a similar case in his attempt to drop the $44 billion twitter takeover deal and the court will allow musk and twitter to negotiated on targeted document discovery and the two sides traded barbs in the courtroom yesterday with twitter claiming musk wanted out of the deal over

fears of a world war of russia's invasion of ukraine and then musk's team said trying to get discovery information from the tech company has been "a game of hide and seek". lots of debate there. both sides pulling out dualing statements after this morning's ruling and musk's attorneys saying we're helpful winning the motion to amend takes us one step closer to the truth in the courtroom. the twitter spokesperson saying we look forward to presenting our case in court beginning on october 17 and intend to close the transaction on the price and terms agreed upon with musk. as i send it back to you, liz, i'll say this will go on for awhile. liz: yeah, it sure it. but the chancery court is very tough on these kinds of things and they hold up many contracts and he signed something, that's for sure. we'll be watching it, gerri, thank you. fox market alert, take a look at dow inter-day. folks, we are up just a minute

ago session highs up nearly 500 points at the moment we're up 689, 690 and climbing -- 489, 490 and climbing to the upside seconds ago. let's get to individual stock stories that are really making news at this hour. stability at the top has target more than stable right now. look, up 4.25% after the announcement that ceo brian cornell agreed to stay on for another three years. the retailer is scrapping its age 65 retirement rule, which personally is give me a break. 65 is so young now, austin. not that you know or me. but, yeah, they're scrapping the retirement rule to accommodate cornell who is 63 years old. since becoming the ceo back in 2014, cornell helped target partnerships with prominent brands including disney, levi

strause and ulta brewty. beauty. at the moment, it's up two-thirds of a percent. earlier today, it was deeper in the red, six high level employees leaving the ev manufacturer in the past few weeks and lucid looking to ramp up production in the last few weeks and luxury evs emphasized the need to increase production after falling short of expectations in the most recent quarter. now solar companies. we noticed this this morning and team countdown said we have to put this up there. solar companies led by nfaz and solar edge edging out solar enfaze and partnership with the munich based company and investors have favored solar

stocks since the passage of the inflation reduction act, which has some solar positivity pushed right in there. and we told you right before this segment about how karen khachanov knocked nick kyrgios out of the u.s. open quarter finals in a three hour match last night. you saw him smash his racket. that was the big action. kyrgios took out frustration on not one of his rackets but two. he smashed two of his rackets. the u.s. open has not fined him yet for his antics but if it does, it will be added to the $15,500 in fines he's racked up this month alone for various infractions including spitting in the direction of his team and screaming audible obscenities. by the way, nike is one of kyrgios' top sponsors. that's not getting heard at all.

people look at him as one of the new bad boys. nike up 3% and second higher performer on the dow jones industrials right now. king dollar taking some of the sparkle out of gold. we're talking to ceo of gold mining inc about how he's digging in against high inflation and also a muscular dollar. it's a fox business exclusive and you cannot miss the amazing story of ben midgli and how he became the founder and ceo of crunch franchise and he never finished college and traded out working at a gym and cleaning out the bathrooms and equipment for a free membership. flash forward 15 years, he's the ceo. hear how he did it. you can too. it's my latest everyone talks to liz podcast episode. available on spotify, apple, google. wherever you get your podcast. closing bell, we're 25 minutes

away. we're up 479 points but i am watching the s&p because it is now powered about, let's see, remember yesterday at 3900 at this time. we're now at 3984. we're coming right back. ♪

liz: the almightily dollar is mightier than ever. the greenback on a medioick rise hitting a 20 year h hyoscines lt thursday. last week it was at 98-cents to buy a euro. real power here. the federal reserve's rate hike warpath helped strengthen the dollar and it's also taken a toll on gold. yellow metal down more than 17% from the mid march 5:s and gold up just under 1% at $1,727 an

ounce. take a look at gold alongside the dollar for this cop chart. you can see that around april, the cosmic crash began and the dollar just continued to power higher while gold has done the reverse. the commodity and currency conversely tracked each other. what do continued rate hikes and a strengthening dollar mean not just for the price of gold and gold mining industry. bring in gold mining inc member. alex, we're aware when a dollar is stronger very often that weakens gold. how does a company like yours deal with that and absorb the shock waves from something like that? >> it's a great question and one we often get and i would point out that while the dollar remains high record prices of

the gold and metal where it's mined and the dollar relates to interest rates and we're in a period now with negative real interest rates and historically that's been a very positive period for gold and we see this as perhaps a little period in the cycle where it's upside yet to come and we could be on a similar reaction as well. liz: all right, talk about the federal reserve. jay powell is speaking tomorrow and then of course we are in just under one week going to get inflation numbers for august. the august consumer price index. that is going to be extraordinarily important ahead of the federal reserve meeting in just a couple of weeks.

>> gold impacts metal and the true impacts on the inflation on their bottom line and cost. what we have seen through time is that the gold miners have been very efficient trying to weather storms whether it's a decrease in the price of met dallas cowboys or times of inflation and historically what we have seen from the majors and other producers when times get tougher, the price of metal goes down or inflation is high, they tend to cut back on the long-term spending. they cut back on exploration and the net impact of that has been a gap in the pipeline for many companies and that make it is harder to replace what they're mining today and hence companies such as mine, gold mining inc, properties in our portfolio become that much more attractive to the majors and exploration spending to stave off the inflation impacts for today. liz: gold mining companies have suddenly been very attractive to

certain un-related companies. like adam aaron at amc buying high croft brief negotiated mining and there's aceo of movi. what went through your mind at that point? >> i guess a couple thoughts went through my mind. first off is clearly someone in that team led him to believe there's some fundamental value that could be had by making that investment, we believe that's the case for many gold mining stocks such as ours. that fundamental value gap is really going to come as generalists start to come back to the space. the gold price is still $1700 and up around $1800 but that's not a huge shift and a pretty good price and generalists seem to have been out a favor and amc example is perfect and when the generalists come back in, they'll come back in strong and it could be a real meteoric rise in the price when that does happen. liz: we'll wait and watch. thank you, alastair.

>> pleasure. liz: wait till you hear the nasdaq's plan. charlie gasparino breaking that next. closing bell and we're on count down at the moment and closing bell rings in about 14 minutes. dow holding onto 459 points of gain, stay tuned. charlie's next. ♪

pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile.

now with the best price on two lines of unlimited. just $30 a line. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. as a business owner, ask your rheumatologist about your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to

comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ . . >> what i find more troublesome is the fallen productivity. when you have falling of productivity, that's very inflationary. i think, you know, we have to get our employees back in the office. liz: blackrock chairman and ceo larry fink right here on the "claman countdown" yesterday making news telling charlie gasparino and me how he thinks stay at homework and work at homework hurt productivity but that back to work would fix that issue and in turn help douse inflation but the nasdaq apparently having trouble getting employees to bite in on that concept. charlie gasparino. >> from people inside the nasdaq that falling -- after labor day, they instituted a new back to office reigns leading teen, five days a week working from home

before labor day and now it's two days in the office. now -- liz: just two. >> that may sound sort of on the light side compared to larry fink said he basically wants everybody in all the time even though it's not a hard and fast rule. there's three days and people will be noticed if you're not in. david solman at goldman sachs wants people in, james gorman wants people in. nasdaq got pushback on this from what i understand. liz: from employees? two days. >> listen, we should point out the nasdaq has 5,000 employees. everything from computer programmers, there's no trade -- electronic exchange and there's management and marketing people. it's quite a big operation as you know. it's one of the biggest stock markets in the world. they got pushback on that from what i understand. you know, people are saying, listen, i got child care needs and been doing this for two and a half years. but nasdaq wants people back in

and i think the sense i'm getting, this is now the sense, not what i know, what i think is happening because i'm talking to people at the nasdaq is this is sort of like a fore cha doing of what larry is doing, what solomon is doing, what james gorman is doing and more hard and fast rules. and jp morgan and they're moving in that direction. now nasdaq, we should point out, confirmed to us this is going on. they had no comment on the employees i guess crying about going into the office twice a week. i mean, you know -- liz: it's a conundrum for managers. >> i don't want to make fun of them or dismiss this. coming back in the office in new york, we do it. it's not like fun. this city has got a crime wave that's beyond belief, it's got a homeless problem, nasdaq is located in time square, which ir

there and -- liz: oh, it doesn't. nypd is all over that. i was there the other night. >> it's horrible. i was walking down past time square where i saw multiple homeless people talking to themselves and getting violent and screaming and, you know, the problem is that there's a random nature to what's going on in the city in terms of the crime wave right now, and people that work in these wall street jobs that have to take the subway are confronted with that random nature constantly and it's like you don't know if it's your time to get bashed in the head. liz: that's true. >> i'm telling you, it happens way too much. the city is -- listen, there's a lot of root causes here including most of these homeless people are mentally ill or drug addicted or combination of both. we don't have incarceration of those folks or at. we have bail reform going on.

that puts peep out of -- liz: not good. >> which is not reform at all. throw all of that together, i don't want to dismiss because of that, i don't want to dismiss people saying i want to work from home because that stuff it is literally dodging bullets sometimes when you walk to work. liz: i get it. hr ceos want to -- >> the other side of the story mayor adams breathing down nasdaq's neck, larry fink's neck, all these people get back to the office. that helps the new york economy and the city needs the money, plus there is productivity issue here whether you work from home, are you productive or not. obviously you're not. you know, easier to be distracted when you work from home. that is where we are right now. interesting, tough issue, every wall street firm is grappling with this right now. liz: every single one of them, charlie, thank you. >> yeah. liz: the closing bell ringing just under five minutes. it has been a roaring session

here with a very strong rally. dow, nasdaq, s&p and of course russell moving higher here, russell coming up to grab the pole position, up 2%. the same with the nasdaq and s&p up 1.8%, along with the dow, 1 1/3%. can we look at apple one more time. one of its newest partners, apple at the moment up just under 1% but apple as we told you at the top of the show was announcing it was investing 450 million from its advanced manufacturing fund into satellite infrastructure for the big announcement today, that they are offering new emergency messaging service, launching on the latest iphone 14 and apple watch series 8 this fall. allow distressed users in dead zones to connect with authorities by satellite. here is the news. apple is partnering with satellite services company mobile star to build this

infrastructure but mobile star will not receive the full 450 million-dollar investment. initially nothing happened during the 1:00 p.m. eastern event. the fact it wasn't getting a lot of money initially and some service would be free had globalstar down. it punched back into green. now it is down once again by 2%. walmart entering direct competition in health care as the company announce as 10-year partnership with health care giant unitedhealth group. they will provide care for everyone ages 65 and up along with virtual care for all ages. today "countdown" closer says health care has potential to become the new leadership group and that if you need to hide somewhere, that is the place to do it. heal your portfolio with harris financial group managing partner jamie cox who has about a billion in assets under management. people have been saying for a while now health care would be the winner, even if the economy struggles. do you still believe that? obviously because you like

united healthcare. but you also like what will benefit from that, as you have more elders getting care perhaps through walmart and partnership they will see nor scripps, right? >> yes, liz. this sector is completely disregarded we've been paying so much attention to interest rates but people are not paying attention to what is going on with health care after the pandemic. one of four greens the health care will be the leadership group coming out of this bear market. because of the amount of drugs developed from the r&d came from the pandemic is astounding. 50, 60 drugs you're seeing come online, that being, going to the fda for approval. in addition to that we have not only inflation going on in monetary policy, we have inflation around the globe in waistlines. so obesity globally is starting to rise. all of a sudden the large pharmaceutical companies are starting to tackle it.

they're are only a few drugs in production right now to deal with obesity. one of the consequences of obesity is other things, cardiovascular disease, met billionic diseases like diabetes. so many companies are making lots of money helping people deal with the metabolic issues, nova nor disk or pfizer, astrazeneca. you have a lot of different choices on health care just on the drug side. not only that, so many biotech companies are coming up with techniques, genetic sequencing and such but the other side large companies having large amounts of cash on their balance sheets, actually record amounts. what will happen you will see lots of m&a in the sector as well. you have the recipe for health care, you have innovation, well-capitalized company that can fund themselves and fund m&a. this is good sector for people to hide out in. for inknow vision wave we'll secures for cancer we didn't

think possible. that will bring lots of opportunity for investors the next couple years. so we'll see lots of things in health care. liz: we can really hope that innovation continues especially here in this country, what we saw with "operation warp speed." let it go to all areas of health care. [closing bell rings] thank you, jamie. markets closing just below session highs as the nasdaq snaps its seven-day losing streak. we'll see you tomorrow. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. there is a growing view inside of the mainstream media that president joe biden's recent legislative victories and his speeches that maga republicans are a threat to democracy and are semi-fascists all that will give the democrats midterm momentum and they will take that to overtake the gop by snatching victory from the jaws of defeat. well i'm not buying it. here's why you shouldn't either. first of all