part of the pandemic when the economy was getting worse and market was going up, at some point during this economic downturn that we're going to feel painfully on main street, you'll also see the stock market making a rebound. for me, i hope for main street that the administration pays attention because forget about this free must be. it's making things a whole lot worse. everyone else, hang tough as i hand it over to liz claman. liz: charles, thank you very much. charles referenced the message we're hearing where the market is sending a very specific message to investors as we kickoff the final hour of trade. okay, this mixed picture that you see right now with the dow jones industrials down 107 points, blanking out its earlier 171 point gain. s&p down 5 points, nasdaq is the one green spot up 20 points. this shows just perhaps how damaging yesterday's stock route was to near term investor psychology. triggered of course by hotter than expected consumer inflation data. stocks endured the worst selloff

yesterday in two years, one that slashed close to 1300 points off the dow jones industrials. 177 points off the s&p yesterday, 632 points off the nasdaq. today's moves are doing little, if anything, to re-race any of that damage. the -- erase any of that damage. the follow up to the cpi yesterday came in this morning, a bit more palatable. unlike the cpi, year over year headline print for august ppi. producer price index, inflation at manufacturing level came in at 8.7%, one tenth of a percent. the year over year core rate, which excludes food and energy came in two tenths o -f a percent higher than expected 7.3%, which means that one week from today when the federal reserve open market committee kicks off its two-day rate setting meeting.

chairman jay powell will no doubt hike rates by at least 75 basis points. at this hour, the market is betting an odd of 100 basis point hike at 28% right now. yesterday it was a bit higher and we haven't seen that at all leading up to yesterday. so, yeah, beware, it's on the table. if you thought the cpi and ppi were the last potential day tay points that could in-- data points that could influence the fed before yesterday's meeting, team count down was discussing this this morning, we need to tell viewers that these could sway the fed. monday we get home builder sentiment for september. tuesday, we get housing starts for august. housing starts of course, you know, how many have broken ground and this is a biggy, august existing home sales wednesday morning. important. what is the trade? yesterday as just about everything tanked, rek, this is the etf that shorts highly rate

sensitive real estate, was solidly in the green and again today, rek, which on friday david kudlar, count down closer, told you to buy and a two-day session of 4.5%. what are the trades now ahead of the housing data and federal reserve meeting? to our floor show trader, they are our stars, teddy weisburg and dutch masters. dutch, you'll go long and short. what's your trades right now? >> we're running a big long short here actually. we are long, what i call the three cs and we've got long on bio tech and healthcare and the inflation print yesterday just proves that raising interest

rates doesn't stop the inflation on food. really in food and energy. we thought we were caught by surprise a little bit by how hot it was liz: we saw 30 year fixed rates jump above 6%. to me, when you see that, you know that, yes, the housing market which was already correcting. did you see home depot yesterday? home depot falling about 6.7%. 6.5% and down again today. can you just articulate why you feel whirlpool is a short at the moment? >> yeah, during the pandemic, everybody bought appliances and stuff for the house and upgraded so a lot of their 2022 and 2023 sales were pulled into 2020 and

2021. the largest appliance manufacturer on the planet is electro-lux and they've come out and said their world sucks and i don't think whirlpool will come out on october 20 and say anything different. in fact, i think the last print their sales were off 4.5% last quarter and i think off 10 or 12% and it'll be a disaster and we think the stock goes to 110, maybe 100. it's a long way down from there. it's already off of the high. we get on the ground, get on our harleys and go out to lowe's and home depot and our personal sales experience, we ordered whirlpool products and told we'd get delivered in ten days and got a text in about nine days maybe november. liz: that is bottoms up research. right there on the ground.

teddy, let's widen this discussion to the markets here. we're not seeing any kind of bounce after yesterday's route. what's at the heart here? is that how badly damaged yesterday the affect on investor sentiment? >> yesterday clearly was a very, very ugly day, liz. but it basically underscored that what's been the issue we gatt got relief in july and other than the two weeks in the year and month of july and perhaps two weeks in august. this has not been a fun year. the reason is we're all spoiled

and went through periods of zero interest rates from '08 and '09 and went through it again during the pandemic and it's a complete aberration and perhaps we'll never see that again and in my lifetime isn't as long as many offeror viewers and many my lifetime i certainly done expect to see that again. if we dorks we're in bigger trouble than we think we're n. i think it's a matter of interest rates going higher and how high and where they're going and as long as this is the background, it's a negative background for equities. there are things i guess you can do, but the best trade we have had since late march and i've said it over and over again. has been a three months treasury. 3% on your money, three months virtually risk free and 60bips, maybe 70 bips better than money

market funds. to me it's a layup. i can't believe everybody is not doing it. liz: yeah, 3.14 for the three month and 10.342 and by the way, teddy, a lot cheaper, apple, meta down today and we're see ago bit of retracement certainly to the upside for mississippi and some -- microsoft and some of the other names but how do you feel about tech? in the past when it was a really smart trade, you were shorting nasdaq 100. what are you doing now? >> we're completely away from tech entirely. the last thing we bought about a few minutes ago and we bought a whole bunch of eggs, c-a-l-m, it's all about eggs, man. it's about food. you can't bake a cake without

eggs; right? liz: well, pasta. >> right. i had a fantastic pasta dinner at mataeo's in las vegas last night and he came and sat at our table twice. it was wonderful. liz: was the restaurant full? >> i'll tell you what, jammed. liz: that's a good sun. that's the conundrum. people are spending money and the question becomes if we start seeing the rates jump 1% next week when fed meets and a little shake and stirred market and we're all over it, you guys, and thank you for being here. teddy, dutch, great to see you. any time. talking about restaurants and massive food price hikes driving restaurant tours and their customers under water. one steak and seafood chain planning a multimillion dollar vegas expansion. amarine miller on why he's -- cameron miller on why he's

pushing ahead with a pricey ocean prime location smack in the middle of the strip. closing bell, we're about 51 minutes away. look at dow heat map here, johnson & johnson, chevron, merk, sales force and nike with boeing. those are the leader and boeing was the lagger yesterday. the "claman countdown" is coming right back, don't go away. ♪

>> i give you million, $27 and then up to $28 and then two

weeks ago it was $94 for potatoes. how do you expect -- if somebody wants french fries, how do you expect to set a price on that? you can't. it's impossible. our profits are getting less. i don't know. to be honest with you, the way food is right now, plus you can't get anybody to work. nobody wants to work. liz: if you could speak to anybody in washington dc, what would you say? >> i mean, this giving away money is not the answer. too much money out there is not the answer. i mean, i'm kind of really frustrated. >> really? definitely. academy award nominee actor chazz palminteri on the "claman countdown" and how extreme spending bruising his restaurants. he hads two restaurants in new york and cameron mitchell restaurants with 17, soon to be

18 cities that host his restaurants across the u.s. l with 39 locations face some tough decisions. cameron mitch -l on the cusp of opening largest and most expensive steak house on the las vegas strip. it's slated to open next spring so how is the pane balancing rising coast coasts and waging inflation against a massively expin sieve project. cameron mitchell joining us now in a fox business exclusive. cameron, i'm guessing the vegas project is still on; correct in >> yes, ma'am. scheduled to open around tax day next year. liz: great. let's hope people get tax returns that have a bit of a check in there and they can spend at your restaurant. what kind of cost challenges are you facing as you build out? >> well, first of all, liz, that restaurant in las vegas we signed that deal over a year and a half ago, it takes a listening time to build these restaurants. these are -- lot of these are

prior commitments we've had prior to the situation we're in today but, you know, we -- a we had a few restaurants scheduled to open this year that moved into next year and less capital expense this year than planned and we're positioned pretty well for next year and we've curtailed our development plans a little bit in '23 and '24 especially with the rising interest costs and pay down a little more debt over time versus build more restaurants, but we've still got a pretty aggressive plate in development and, you know, this will pass eventually. liz: yeah, of course. but you just made a great point and that is that inflation was not nearly as high back when you signed this deal as it is now. have you had to make any adjustments on what's designed and wrapping your mind around the producer price indexes numbers and of course the cpi was pretty disastrous. >> right.

right. our restaurant companies tries to make a 10% or more restaurant profit every year and that's our goal and we usually do that. some of the average restaurants in the united states are probably more closer to 5% profit margin range and i'm very concerned about them right now and they're realing feeling the heat and every inbound product is up double digits whether it be food supplies, energy supplies, labor, we're facing all fronts. we typically in the past have risen prices about 3 or 4% a year and last year took an 8% price increase and first half of this year took another 4% and put in fall increase that was a little under 2%. we felt like we couldn't take anymore and it's getting so high but ultimately at the end of the day, it's cost us in overall profitability 2 or 3 points in profitability and as l long as e consumer stays well, we feel like we'll be okay and so far the american consumer has been pretty strong.

liz: well, you've got prime social, not just ocean prime. del mar, el segundo and cameron's guild house and bistro and which ones are doing better and others maybe at a higher price point, you tell me, are struggling a bit? >> we have a sister company called rusty bucket tavern that's got 22 more casual dining restaurants, and we think that part of the segment is struggling the most. right now the higher end, fine dining, upscale polished casual segment is doing pretty well. we had a really terrific first half in terms of sales and then america went on vacation this summer so we saw a pretty big dip in sales over the summer but since we've passed over labor day now, everybody is back to school and back to work and we've seen our customer counts

return. return to what they were in the first year. i'm optimistic about the remainder of the year and beyond. liz: cameron, one of the thins that was revealed deep down in the consumer price index number yesterday was that food away from home, okay. lot of that means restaurants, rose 8% but food at home, way outsized picture here. that was up 13.5%. it's more cost effective now in some cases to eat out than at home since -- when was the last time you sea that and that was a bit of a silver lining, is it not? >> not that i can remember in my lifetime but, yeah, it's encouraging for restaurants across the country and people have pent up demand after covid they want to gather and be with people. they want to socialize and feel good about themselves so the outlook as far as sales is

strong. the only thing i'm concerned about, really concerned about, is if we lose that consumer. if for some reason, if just gets to be too much and they start tipping in the wrong direction and restaurants around the country will be in trouble at that point in time. right now the consumer seems to be fairly resilient in the restaurant industry itself is very resilient. liz: i don't know if you heard chazz palminteri, the actor with two restaurants under his own name plate. he's really struggling, small businesses, it's a tough time and you're considered certainly bigger than that. >> yeah, my heart goes out to them. like i said, i'm very concerned about my brothers out there. the smaller mom and pop restaurants and one and two restaurants don't have the purchasing power and the people to operate or the sales volumes we do and they're really, really gonna be pinched hard and are pinched hard today. i'm not sure but like i said, i'm more worried about any

competitors than i am ourselves at this point in time. liz: for a guy who started, i want our viewers to know this, as a dishwasher at a restaurant, you are heroic in all that you're doing, you made it through the pandemic with so many closed restaurants. we're cheering you on -p. we want to be at the opening in vegas so, oh, yeah, we need to do that story and get out to vegas and cover that live. >> you'll get a standing invitation, liz. we'd love to have you. liz: thank you. cameron mitchell of come ran mitchell restaurants -- cameron mitchell restaurants in columbus, ohio. yesterday the optics were really bad. this is what it looks like, president joe biden taking a victory lap over the inflation reduction act as the market was in the middle of a historic collapse over inflation numbers that are not falling. today he's off to push electric vehicles at detroit auto show. might that be a better if i canture. details from the motor city and

closing bell 38 minutes aawith and the nasdaq only major index in the green up eight points and we've lost a little ground there since the top of the show. dow is down 131. low of the session is 135 to the downside, s&p down 8. please do not move, we are coming reich back with so much more.

liz: fox business alert. dow jones industrials down 186

but look at wherein screen. this is a pretty picture. plenty of chrome on display at this hour in detroit as the 2022 north american international auto show kicks off. the semifinalists for vehicle of the year just announced that the show and names include toyota, gr, corolla, ford f-150 lightning and cadillac lyra also an ev. evs from rivian and hyundai's genesis and lordstown car. rivian is up 2.9%. lordstown nice bump here of 6.7%. speaking of evs, president biden came to the autoshow to highlight his $900 million plan to build ev chargers using funds from the infrastructure law. joining us now, right there at the heart of the autoshow in the

motor city, grady trimble. better optics today than yesterday when he was pushing the inflation reduction act as the market was tanking. >> reporter: yeah, that was not good. today the pictures are president biden taking the cadillacly lyr, for a spin. he's taking a victory lap figuratively speaking and claiming his policies that auto makers here in detroit and around the country are investing in u.s. manufacturing. >> my economic agenda ignited historic manufacturing boom here in america. where is it written that says we can't be the manufacturing hub of the world? where's that written? >> reporter: but as you know, liz, the investment in electric vehicles by ford, general motors and others, they were already underway before president biden took office. even though there are a lot of electric vehicle models on display at the auto show, they

make up only a small fraction of all new vehicle sales, just over 5%. one of the biggest roadblocks to widespread ev adoption is how expensive they are. a new ev on average costs around $66,000. that's more than a lot of americans make in a full year. on his tour on the auto show floor, president biden met with general motors ceo mary barr baa and both hoping the inflakes act will bring down the cost of evs and a lot of electric vehicles won't qualify and a lot of raw materials in their batteries are sourced here in the unit or with u.s. trade partners but speaking of costs and more affordable options, chevy recently unveiled this equinox ev and the starting price for this is around $30,000. it makes it one of the more affordable evs coming to the

market in the fall of 2023. you have to wait a little bit, but they're bringing those prices down to try and get every day americans behind the wheels of electric vehicles. liz: but i hear hyundai is coming up from behind. we shall see but they have a whole bunch supposedly coming out next year. we need those prices. you are so right to come down. grady, thank you very much. let's get you this fox business alert. we've got 29 minutes left to trade here and now we do have the nasdaq losing all of its earlier gains so we've got three red indexes. dow down about 197, s an and p n 17 and nasdaq verne versus frey versing and investors slamming on the brakes on railroad at this hour. two ralline unions reached an agreement with leereds yesterday and the two most important representing engineering and conductors remain at odds and

not close to agreement. impasse tried to disagreements over workers sick time and penalties for calling out sick. investors are bearish on the industry in general is private wealth management firm bernstein downgraded union pacific and csx from buys to hold and weaker volumes and elevated inflation and may hurt long-term railroad profits and about 60,000 railroad workers could go on strike friday if the matter is not settled, norfolk southern down 2.6% and union pacific 4.13% and csx 1.7%. starbucks getting a jolt after the coffee house -- actually i think the nasdaq 100 as well after the coffee house raised its profit forecast for the next three years. who has a crystal ball like that? wow the seattle-based chain said it's on target to reach 45,000 stores by the end of fiscal 2025, including 9,000 in china.

yes, the tea drinking nation. starbucks up 5% right now to $92.25. moderna is also higher at this hour after the drug maker talked to china about supplying covid-19 vaccines to that country. finally, i mean, they have kind of spurned u.s. and other vaccines and moderna getting a 5% bump on that and the company says no decision has yet been made and j&j at top of dow 30 at this hour after announcing a $5 billion stock repurchase program and the drug maker confirming earnings and guidance for 2022 and j&j up 22%. you guys saw the route in tech yesterday. well the vc landscape, venture capital money rapidly shifting amid worries of a possible recession or simply we're in one. one of silicon valleys top tech money men is here in studio live to give us the lay of the land.

pallen tier cofounder and venture capitalist joe lawnsdale joining us live on where he's placing his bets. from being the first in his family to go to college and leading one of the most lucrative clothing companies in the nation, how did land's end ceo jerome griffith get to where he stands today? he's my guest on this week's podcast, everyone talks to liz and he's talking about showing up in his dad's pickup truck inny city for a job -- new york city for a job that didn't pay hardly anything. it's so inspirational. let me know what you think. closing bell ringing in 26 minutes and dow down 179 and stand at 30,942. we're coming right back with joe lonsdale. ♪

liz: well, yeah, you can seat red on the screen, all though the nasdaq just two points higher, we know that many investors are fleeing the markets but what's the venture capitol world, the gutsy people that throw money at moon shots and startups? what are they doing in this atmosphere? former disney ceo bob iger is joining in and joining josh kushner's firm thrive capital and wall street journal reporting that softbank group looking to launch a fund run by the global tech investor and get into a lot of startups there and former cisco ceo john chambers working on a startup called nile and owns 10% of the firm and other investors in nile include eight cv run by joe lonsdale joining me in a fox business exclusive and cofounder of

palentire technologies. thanks for being here. >> thank you, liz. liz: how are you absorbing all of the market moves and the atmosphere that we have, which is a rising rate environment. >> you know, late-stage technology sold off a lot in the public markets and more to come down in the private markets but the innovation world, venture capital world where the most confident mere are in the u.s. and legends like john chambers scaling up to giant places, you got to go there to work with the best people to build new things. liz: it was about a year and a half ago when vcs and spac world mergers were going up and things got frothy and we know the story about tyger global that spent money on startups that the funding rounds became too rich for a lot of people who are true experts of this. >> forced us to earlier stage and used to do bs and cs a lot

and forced companies to do very early morningly because the hedge funds were coming in and paying more for the companies. liz: what is the sort of negative that you're seeing now from all of that? >> well, you know, during that time, talent got to be really expin sieve. it's good -- expensive and good for the talent and harder for the companies and money stepped out and it's easier to build companies and get talent and the big question is is there enough money to build onto the best companies? yes, so much money was raised and valuation comes down to where we'd like. liz: yet, you're going in certainly on a name like nile. tell us about that company, what is it about nile has you making a spend here? >> the two things in venture capital you want to do is bid on the best talent in the world in space and two is a question of what's possible now that wasn't before. there's a lot changing in the last decade thanks to the cloud and ai and those changes are really positive for a lot of industries that hasn't yet come to networking so right now

companies still spends $75 billion a year configuring their networks and it's a giant mess and you have to hire all sorts of people and it's really hard. applying ai to that and making it work automatically and monitor itself, these are types of things that paul and john should know how to do and a huge space to fix. liz: things that weren't possible become possible and that's what helps you sometimes make a decision about putting money in, by how does a rising interest rate environment affect startups that need to borrow a lot of money to get going? >> you need a raise a lot of money for these companies and you see of course crypto getting clammed by high interest rates and a lot of liquidity went in and now being sucked out with rates going up. the valuations of these companies are coming down a lot thanks to interest rates going up, but it doesn't change the fact there's amazing opportunities and amazing innovation happening and america is ahead of the whole world like the best part of the competent part of the country inviting to fix problems and we're doing that.

liz: can i ask you about crypto and you said in the past you didn't think we should have at least the treasury department should have a currency assessment, a crypto currency or digital currency. >> i don't like them to turn off people's money, exactly. that's not a good idea. liz: how do you feel about the crypto space? making any investments there? >> long term for humanity, it's a huge invasion to have a de-centralized currency and nobody in charge but know whoons what and other the long term, if elon has a colony on mars, it'll probably be crypto and makes so he thinks long-term for something but in the near term, it was driven by huge speculation and huge amounts of cheap money that came in with a environment with lots of money and trading like a high growth tech stock and trading like a super high growth tech stock and not something you want to be long with with valuations where they are. liz: apc dealing with defensive

data and cofounder palentire and the big data company and that company struggle add bit. you're not apart of it anymore. >> it's ironic because the business has done amazingly well over the last couple years. yea. i started palentire a few years ago and the margins are going up and they're growing well and solving huge problems and becoming a platform that people are building on top of and with alex, my birthday a little bit ago -- liz: happy birthday. >> thank you, turned 40, and he's funny he has the business going really, really well and high growth sold off and pal, ntire has bright prospects. liz: palentire does a lot of business with the government. >> over 40 countries collaborate to get the bad guys. liz: i am sure it's pretty rock solid over there when it comes to fire walls, et cetera. yesterday we had the twitter whistle blower testifying on capitol hill and he had very

serious concerns that scare add lot of people certainly in congress about infiltration by chinese, et cetera, et cetera and that employees can actually access some of that data. >> they can, there's a lot of shenanigans going on inside of big tech. i'm not big consumer tech, running youtube, facebook, google and twitter. these companies have people inside of them that have radical ideologies and they're changing the dials to help their ideology go up and other things be squashed and it needs to be more transparent. i totally agree with elon about that . liz: speaking of elon, you got a subpoena by twitter. 62 page-long subpoena. are you getting -- picking your outfit for the deposition? >> they might not make me get deposed so i better not say anything mean. liz: why did you get subpoenaed? >> probably because people know i see elon sometimes and i have strong views that agree with his and might have assumed he might have told me special secrets that can use against him somehow, but unfortunately for

them, i haven't caught up with him very much on this particular topic. liz: think you might not be deposing. >> hope not. spend more time with my girls. liz: four of them. like my family, four little girls and then my brother. little boy. >> thank you. liz: the challenge with run away inflation and heard that a few times.. today's count down closer has the picks and flexing the margin muscle and look for stocks that still can protect that muscle. oh, boy. i need to work on my abs here. the dow is pairing its losses right now but still down about 64 points. please stay with us, you need to hear this next segment. ♪

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♪. liz: all right, joe lonsdale talking about cryptocurrency. it's a big week in the world of crypto. securities & exchange commission chair gary gensler is set to appear in front of the senate baking committee and that is tomorrow. ahead of it, this is the guy you need to listen to, charlie gasparino. >> the biggest overhaul of

ethereum, the second biggest blockchain is over, i think it begins in the next 24 hours. why do we care about this? liz: the merge. >> the american as they're calling it. -- merge. two big digital coins and blockchain. there is the blockchain for bitcoin. there is one for ethereum. that is pretty interesting because they're doing all sorts stuff on the ethereum blockchain. here is how i will break it down because it's a little bit complicated. if you were on bitcoin, previously to this, ethereum blockchain, if you want to create the coin you have to mine them. mining depends how you do it, the way it is traditionally done you figure out mathematical problems. you could theoretically get some more of the digital coin, make more to make money that is the grease that allows the block chains to work, the native currencies of the block chains when you do transactions in a

decentral ayed way. when happens when ethereum merges, the mining will be done in a different way, done in a way lot more environmentally safe. liz: call it less proof of work. >> less proof of work. liz: when you you have to provet uses up a lot of energy. >> it is more than that. instead of mining and proving of work there is a way they're developing to create more of this where users, stakeholders, actually essentially put their, the way it has been described to me, their digital coins in the system. then they earn interest in it, so to speak and that expands the amount of, of available ethereum. it's a different way of doing it. i'm not an expert at this as you can tell. it is apparently a much more environmentally safe way of doing it. now a lot could go wrong in the next 24 hours. most people think these guys have their acts together. these are some of the smartest

crypto technocrats in the world. joe lublin and the whole crew, right? there could be like hackers involved. this is something you should pay attention to particularly if you own ethereum a lot of people are saying it might bo up in value this thing is obviously open to a lot of shenanigans could occur. there could be screw-ups. we know technology doesn't run seamlessly, we know we wouldn't have the "flash crash" involving the major exchanges. pay attention to this. it's a big deal. it could affect the price of ethereum. the other thing i want to talk about, senate finance committee, senate banking committee hearing, gary gensler, ask. sec chair. he will likely get grilled on esg and environmental mandates the sec is handing to companies but also crypto. there will be a lot of questions. is he stepping, opening your mouth what is the matter.

liz: i have the tmj thing. >> i thought you were yawning. >> i thought i was off-camera, thank you, charlie, pointing out my tmj exercise. >> i thought you were yawning at my report, it was so boring. come on. i got feelings too. i have feelings. in any event -- liz: we're tensing up. >> against letter tomorrow, he will grilled whether going to far in the whole crypto regulation. republicans will go after him on that from what i understand. >> charlie, thank you, that is not yawning. >> no. liz: minute ago we were all in the green. just a second ago, dow, nasdaq, s&p were in the green. >> market is so boring. >> the market is. the dow back down five points. nasdaq better by 75. okay, joining us now, er shares coo, chief investment strategist eva ottos who manages

500 million, half a billion there. and, eva, you are specifically looking right now, knowing that the markets could be volatile at companies and stocks that have margin muscle. first, before you get to them, tell us exactly how you spot that? >> so we are tracking 56,000 companies globally and out of these companies there are only a couple hundred u.s. banks are profitable and able to expand their margins. what we want to see is a company able to keep their gross margin constant, ideally grow it to keep sg&a costs in line, ideally cut them and keep their ebitda margin in line and grow it. they are not that easy but they do exist. liz: let's get to them. i know our investor audience is very eager to hear some of these. >> so first of all we like shock wave. that is not that well-known but

interestingly out of all the u.s. based companies that have market capitalization above 10 billion this is the, this cop is the second highest organic growth after moderna. they have far the top growth in their sector growing by 180% compared to 11% for the average. what they do, they provided a vice that clears plaque from your arteries. this is big addressable market. vascular market and very few direct competitors. we've been long-term holder and will continue to be. liz: their gross margins are really significant, are they not? 85%, do we have that right? >> exactly and they're able to expand them which is very significant in this market that this company is able to expand their margins and has significant -- margin too. liz: ulta's margin is about 43%. you know, i like the whole

scraping of the plaque from shock wave but ulta has been a true powerhouse. certainly not today. this is an intraday picture but three month picture looks pretty good. where does the company go? do they expand and maintain the margins as the consumer gets a little more pinched? >> that is another company able to expand their margin in a challenging sector. it is in retail, we see walmart, target, big companies struggling with increasing sg&a costs this is a shining star in its sector the of course it is in skin care and cosmetics but they're able to cut down their sg&a costs increase their margins. top revenue growth in the sector about 22% when the average is 10%. we really like it. a shine being star, an exception in its sector. liz: nice to see you, eva. two interesting picks, shockwave

and ulta beauty. thank you, join us again. color the markets green, okay very interesting in the final hour of trade which we know is the most important hour of the entire market. [closing bell rings] here we go. the dow looks to close 47, s&p up 16, nasdaq up 98 after yesterday's pretty ugly day. a little bit of move to the upside. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. it is bad enough that president joe biden held a james taylor celebration concert yesterday after a terrible consumer inflation report with soaring prices for food and groceries, electricity, natural gas, cars, medical care, pretty much everything besides a drop in gasoline. near 1300 point stock market sell-off and 30-year mortgage rates jumping all the way up to nearly 7%, decim