2019. you know, this is obviously been a long running problem and debate. it's a slow drift academically and excellence in the schools have been slipping for along time now. some blame money. i know 2019 the budget was $800 billion, only $667 billion of that was spent. what happened to the rest, i don't know. of course moreover with the pandemic and $190 billion provided by the federal government and people saying where did to go. the big ere issue for the state of education is not money. that becomes the sort of argument, it's curriculum. there's not enough faith in students to do rigorous work that prepares them for real life opportunities and this is something that's got to change, folks. it must, must change any kind of way our future depends on it. obviously our children depend on it. liz, over to you. liz: indeed. thank you so much. happy monday, charles. the bulls are enjoying a manic monday as we kick off the final

hour of trade. take a look at dow jones industrials and making a new high, minute by minute so the s&p is gaining 51 points. nice move for the nasdaq up 91 points and russell 2,000 up six points up till this very moment, what has happened that has this rally going? to our countdown catalysts and you can deduce a lot about the markets by looking at leadership sectors and right now that would be healthcare and banks, both the big e, and regionals that indicate investors are in a defensive kind of mood and see the gains in the indexes and in part because this morning, 10:3e flash pmi, a gauge of business activity missed estimates indicating a slowdown triggered by weak client demand. take a look at nasdaq and s&p inter-day charts and a bit of gut churn around the time of the release. both had opened higher but

dipped into the red. they began a steady climb out of the basement shortly after and both are now solidly higher along with the dow but while the markets are wagering on a 100% probability of 75 basis point hike and interest rates at next week's rate setting meeting, look at where the market anticipates these things are going to go for december. after just one fed president san francisco's mary daley sent a soft pivot signal last week saying now is the time to start talking -- i guess she said time to start talking about stepping down. she meant slowing down the pace of hikes and now a 52.6% chance of 75 point basis point move and see 47.2% probability of 50 basis points and now there's a teeny little minuscule green chute of 10 basis points and we

think that's news worthy. the dow is up 10% in the fourth quarter followed by s&p more than 40% and s&p 3%. the question hanging over the markets has been vanquished as of today and uk set to name fiscal conservative rishi sunak, the next prime minister and he's the foreign chancellor that warned liz truss' economic plan for britain was a "fairy tale". the uk pound kicked into rally mode against the green back and reverse add bit now and the euro is stronger against the dollar but dollar stronger against the euro but everything else dollar

is weaker and ceo blaming misses on the dollar jumping 16% jumping year to date. if it's bullish year to date naming a new prime minister, it's having opposite effect for chinese equities trading here in the u.s.. look at losses for p pin duo duo that's nearly 18% and jd.com down 12%, ali baba down 12% after g xi gin ping saying tao s forcibly removed from the party congress meeting. first they're showing him saying, go. then you'll see that they start grabbing his arm and saying you're leaving and pushing him on his back. okay, who was considered more of

a reformer. he doesn't want to leave and they're pulling on his jacket, versus xi with that iron fist thing going and could translate to him bringing down regulatory hammer on chinese stocks and with a huge week ahead for all earnings, getting right to the floor show with the trader scott shellady and scott ramer and it's a jam packed calendar and take a look and it's starting tomorrow and we'll put the calendar up and 3m, mattel, general electric, coke, ups tomorrow. we got the 4hs on wednesday, hilton, hess, harley and heinz. big tech, apple, amazon, google, meta, jam packed so among as we look at all of these things, what do you think, scott, i'll begin with you is the one name that you're watching most closely to game how the rest of the markets take it? >> well, tomorrow you have microsoft and google.

if you recall about a week ago, microsoft made new lows in the year and google made new low in the year. google has advertising slowing down and saw with snap and business being diversified and microsoft, you mentioned about the strong dollar with a head wind and how the market deals with microsoft and google tomorrow after the close, that will be very important considering we just had a decent sized move from 3500 level in s&p cash. db of interaural think the reaction to microsoft and google will tell us whether it'll grow 50 in s&p cash sooner or later and once we get through that, meta has beamed up so people want to figure out if it's priced in and have app and will amazon and a lot to look at this week but i think between now and tomorrow, the chinese position could be wrong and technically like you cede with "the wall street journal" article and yields peaked a bit and let by

the dow. liz: we know the chinese stocks in absolute route and s&p and nasdaq down and 10 year yield 4.23% and the fed is in its shutdown, zip your mouth quiet period before the november meeting, of course november 2 is when the announcement is made. we have a good, i guess a good beat here . s&p 75% of s&p companies that reported so far beaten on earnings per share and about 68% who have beaten on revenues. sounds okay, but okay is not enough for investors, is it? >> no, and i think they're waiting for the other shoe to drop a little bit. it's been not as bad as i think initially they were thinking but here's the problem; right, we can all go to bed dreaming about a ped pause or pivot or whatever you want to talk about but the at the end of the day, they need to see inflation come down.

as long as inflation is coming g with an eight handle, they'll be jamming this square peg into a round hole till the economy breaks. that's the bottom line. i hope that nothing happens bad between now and then. i'd like to see inflation come down. there are sectors that have been bubbling up again like we've seen oil come back a little bit or now down today but i want to get excited but at the same time when we have unemployment at 3.5%, liz, and over 8% inflation rate, these rate hikes fast and furious to the fed, not to me but the fed are no brainers. they're no brainers because they'll watch unemployment. now, if we start seeing unemployment tick higher and then now powell has to say to himself in the mirror, mr. powell, how many more millions of people do i want to put out of work for two tenths off the cpi? that's a different conversation. till that happens, i think it's cookie talk to think they'll pivot with that wide of a spread

between the two. liz: mary daley saying stop asking for us to pivot. we're not stopping till we slay inflation and now time to start thinking about stepping down. scott reddler, apple, even before the earnings report this week blurts out onto the global stage that it is raising prices on three different areas and the stock is up more than 1.7% here and they're raising their price on apple music, apple tv plus, streaming services and this starts monday and why are they putting that out before the earnings report? >> i have no idea. usually you wait to ratter but i can't control when they put it out but i can look at response and responded very favorably and maybe their business is that strong to arrange prices and for me who came in long on apple today was a positive sign and figure i can stay till thursday and see where it is come the report. but as far as, you know, your past conversation about the fed, the pivot, what to do with the

market, listen, there's people that trade every day that get paid monthly and quarterly. we have to figure out where we're going in the next 1 to 3 to 5 days and those putting money to the long term. is this a bear market bounce or is this a new bull market? that's another question for macro investors. even if we get a rally and then we do make lower lows in 2023 in the first quarter, you know what, just stay the course and it's a matter of what you're looking to get out of the market and right now, if we do get class half full versus empty, i think we can see 3900 to 3950 so for those who are short from last week, can you stay short and solvent till you're right because a lot of people got blown up in august when they thought we're going up 4100 and going to 4325 and in the midst of the sweet spot. liz: it's a nervous headline risk market here and you saw what happened friday. one positive comment, boom, all three indexes go absolutely

crazy to the upside and today, look, the high of the session for the dow, 510 points and transports are no slouch having a nice play of 3% to the upside. gentlemen, we have to run. thank you both to our great scotts. folks, if you had to pick one earnings report that week that checks the most boxes whether it's streaming, the cloud, the health of the consumer, it's amazon. oh and by the way, throw the state of the autonomous vehicle world in there too. up next, the head of amazon's self-driving unit, zukes. how is the robotaxi going to take on the likes of wa why, mo and uber cruz and closing bell ringing in 49 minutes and dow towering higher by 496 points, the "claman countdown" is just heating up. we're back in a minute. ♪

liz: los angeles roads are about to get even more crowded but not with drivers. autonomous road taxi company waymo has its sights on the city of angels at the top three ride hailing companies in the world. the company is expanding to la and offered few details about exact launch date. waymo has loca locations in phox and san francisco and completing with gm and amazon's zoox test driving the l3 fleet in the city by the bay, seattle and los angeles. los las vegas. the all autonomous passenger vehicle and the safety standards of nitza.

zoox ceo joining me now. liz: what makes zoox different from other companies? >> thank you for the compliment first of all. it's a big market and it's not surprising that a few companies are going at it very seriously. it's something that's worthy and transformative for society. as far as my expertise, you know that zoox building a ground up

vehicle and something we believe in firmly is that passenger vehicles of today retrofitted with computes are not the best way to solve autonomy at scale for robotaxi fleet and the best way is to re-architect to make them easier and safer for ai to drive un-sensors and that meaned a lot of hardware and software integration and detailed planning on how to execute and at what rate you test and get things on the road all the way to scale -- to lounge and then scale. liz: in the past or up until perhaps you guys, it almost seemed like each company was planting its flag in either lidar, light detection and ranging or in cameras. and elon musk likes cameras and you like ldar and you're calling

it a full stack and how does that make the ride safer? people are most worried, is this thing going to stop when it's in the mist or passing through steam coming up from the road and see a human being behind all that? >> yeah, look, the ability when the computer and ai and sensors are doing the driving, the ability to perceive the environment around you as accurately as possible and to give yourself many chances to do that means with re-doesn't seizure disorders as well as -- redundancy and to predict the interactions within the environment to in turn make the right decision is key. this is a fleet of robotaxis and only sell rides and not vehicles and having an extensive suite so we can see you many different ways via cameras, lidar, cameras, radar and inferred for heat that's key for us. liz: pricing is huge. i think that the biggest cost to

all of these companies, whether just look at uber and lyft has been paying the human drivers and i hate to think of people being displaced, but listen, it's called evolution certainly but when we talk about pricing, i'm interested to know and you probably aren't going to want to give me the details, but we have pricing at least when it comes to cruise, a trip cost about 90-center per mile, 40-cents per minute and $40 base fee. will yours be priced around something like this? >> it's funny that you thought of the question if you're not going to give me the precise answer. how we look at it is this is for the benefit or customers at the end of the day and delivering value and customers are riding with a human driver or couple of companies in these beginning deployment. what we will honor is that it has to be less than what customers pay today so that we're delivering value and we're

absolutely confident we'll be able to do that. liz: can your full suite of lidar and cameras and i know you're starting up a thermal cameras as well, can they detect animals? this comes to my mind because 2 million collisions a year on u.s. roads are caused by collisions with animals. >> the short answer is yes. we can detect animal and this is again we've announced the thermal cameras and we've had them for along wile and the ability to detect heat is key because you'll detect all living things. liz: yes, humans. that's a good thing. aicha, we want to follow the progress, please keep us posted. >> will do, thank you. liz: you're welcome. the kanye question at adidas morphed from a delayed diggs short term orientation disaster. they get hit with another delay and the rapper designer yeezy

brand after west doubles down on the anti-semitic brands and the world awaiting whether to dump kanye and something shocking happened over the weekend in los angeles could turn up the heat on adidas and all partners. what about the nba, some players are wearing adidas shoes. milwaukee bucks president is here on the kickoff of the nba season and some big questions looming about all the league's relationships. closing bell ringing in 39 minutes. the dow up 493 points and the s&p gaining 1.5% or 54 points and now the nasdaq up triple digits by 115. stay tuned, we're coming right back.

liz: fox market alert, we have 34 minutes before the closing bell rings. we have the dow jones industrial still up nearly 500 points and big moves for the major indexes. tesla tapping the brakes after the ev maker announced its lowering prices on vehicles sold specifically in china. according to a twitter post by the company, prices have been slashed by as much as 9.4% there. the cuts come as tesla faces greater competition from rivals neo and lee in the world's biggest ev market. it's getting crowded out there. tesla down about 1%. stocks speaking of china with exposure to the china gambling

mecca, m, las vegas sans down by 10% and wynn down 3% and mgm in the green and strike that -ling the flat line -- strike that ste flat line. we're at 2678 at the moment and up 9%. and sumatomo owns about 52% of the drug developer and will buy the remainder in the deal that values the company at $2.9 billion. myovent creates treatment for infertility and cancer. william sonoma ticking lower off the inter-day lows here after jeffrey's cutlery kitchen retailer cut it from hold to underperform and investment group lowered price target from $160 to $100 and at $116 and

change and worry that had related products are likely to slow down as risk of recession increases. and william sonoma is really not the only retailer slapped with a downgrade. aididas shares down more than 60% year to date. falling after steefle cut from hold to buy and has deals with nba players and stars like james harden, donovan mitchell and more. they have lucrative deals with adidas and another star putting up wins against the houston rockets saturday night. undefeated. not bad. under their belt the bucks are a strong contender for second title in three years. here in a fox business exclusive to talk all things nba, milwaukee bucks president peter

fiken joining us in studio. >> thank you for wearing bucks green. liz: of course. you have a great color and i like the new logo. >> we love you as a super fan. liz: let me show you the shoe, everybody. the nike shoe. i pulled these off peter's feet. is that weird? is that weird? i said take them off, i have to show you. nike deal, you have all kinds of partnerships. tell me about how the season is starting and which partnerships you're most excited about. >> for us winning the championship in the last 24 months, getting on a global platform, playing international games in abu dhabi and having really a global super star in yannis just really catapulted us to a different level of partnership and whether it's mote row la or an -- motorola or anheuser bush has really helped us. liz: the viewership for the final in 2022. last final was down 26% from

2019 so how does this impact ad sales? are you concern when had you see a drop like that? >> no, i'm kind of optimistic because people are consuming different ways so, you know, i think on broadcast maybe down but on social, i think on digital, kind of the numbers just keep growing at astronomical rates and that's kind of what the world is. great prospects for media deal as we get forward in league in the next two years so we're beyond optimistic. liz: i think about amazon prime and how they have some of the nfl games, and that displaced viewers a little bit. why do i find it and which night and now they're everywhere. it's nbc on sunday nights. it's prime on thursday nights. it's fox on sunday so it's really on cbs as well. if amazon said we want to exclusively do something with the nba and air them, how would you feel about that? >> how would i feel? it all matters with distributions. at the end of the day, it's all about the fan. it's all about the consumption

of the end user and viewer and how do you make it accessible and make it fun and how do you customize it. that's the future of media and sports media. media. liz: you want the eyeballs obviously. >> no question. liz: talk about boosting revenue and how you're doing it that year? >> the best way is stayed revenue levers or sponsorship, ticket revenue, food and beverage in the city of milwaukee, but really what it is is leveraging social and digital audiences an the world and take these -- around the world and take tens of millions of people digesting videos of five seconds a moment and monetize that. liz: there are as you say, you've got these nike shoes, are these for sale for example? >> those are not for sale. something made those for me -- noelle out of the great city of rachene and it's limitless what you can do and customize

products. liz: the 800-pound gorilla or elephant in the room is this adidas situation and it'sralized because everybody is vulnerable with the partnerships they v. the nba has global marketing and some players wearing adidas shoes and adidas has the deal with yeezy, the kanye west line for shoes and he said unbelievable anti-semitic things and on the 405 freeway in la there was a sign that said kanye was right about the jews. you're looking at it right now. this is what happens and everybody is waiting on adidas on this partnership and everybody dumped them and look at it from 30,000 feet, what is your thought because some nba players not on your team but they do wear adidas. >> yeah, i think adidas has been

a marketing partner for the league for a long time and much like you reported earlier, adidas is waiting for a decision and the league, which we are a member of kind of circles the wagons around the nba and really in a concerted effort follows the league's direction on what they're doing with the global partnerships. liz: isn't it disturbing? i mean, look, peter, i'm jewish. i'm look at this and i know your owner is a member of the tribe here and this matters to people as they step away from the business side of it. does it not? >> it is part of our business. we care about fairness and equality and we're a progressive league and i think in time the league directionally will make decisions liz: in fact, you've been on the show talking about what you've done for less successful people in the milwaukee area, lot of african american programs and things like that . tell us why that makes good business sense to do things that way.

>> well, when the team was bought, we were stewards of the community and of the brand and team. how do we make a difference and be citizens and we have a platform in a smaller market that's so powerful and use it for good. that's whether for early voting or for social justice, i mean for us we've had this unbelievable opportunity to use this brand that keeps getting stronger and really leverage for good. liz: d deer mark, that's been amazing -- deer park, that's been amazing outside of the stadium. >> we love the stadium and the district. we've got a hotel opening in march and partnership with live nation and frank productions to build the music venue for 4,000 people in the next couple years and rnc coming in '24. there's really exciting things and how to use as a catapult and create add 30-acre area as a destination. liz: if you don't get a ticket, hang out with the bucks faithful.

peter, have a great season. good luck to you. >> thanks as always. liz: thank you very much and, yes, i will give you your shoes. i pulled them off his feet. nice. new york city street stuff here. thank you very much. apple today raising prices as we mentioned on tv and music streaming services citing cost pressures not hurting the stock. this is the iphone maker releasing its latest results this week along with the likes of alphabet, microsoft, meta, and amazon. we are going to break down the likely winners and losers with our tech panel. that is next. closing well 25 minutes away. we've got the dow jones industrials holding onto 474 points of gains. don't move, we are coming right back.

liz: the fab five of the tech sector. we're talking about microsoft, apple, google parent alphabet,

meta, and amazon all gearing up to report earnings this week. yeah, starting tomorrow so ahead of the big reveal, facebook parent many tafanely platforms -- meta platforms hit by downgrade on wednesday and it was down at the open, kind of meandered and we've got it up about just under half a percent at the moment and bank of america cut the stock to neutral from bye citing concerns for meta verse re-brand. i mean the thing is two days old. they're already re-branding it. all right. no, they're not. this is the re-brand and they change from facebook to meta and a lot of people are wondering when that will pay off. here to break down tech's big week and what you should be doing ahead of it. founder and ceo kevin kelly and gerber kawasaki ceo ross bernards healthcarer.

establisher -- gerber. kevin, what will you be looking at? >> margins. they'll have revenue growth except meta and the earnings growth not keeping up with that in some intanses it's gonna be negative so we want to see how they're going to hold up with their margins and then once they report their margins and what they're guidance will be because we know it's tough out there and just like with what just happened with tesla where they have concerns about china, we're concerned about that as well. liz: what about you, ross, is there something specific you'll be digging for in each of the reports? jot point he made was valid and we've seen in the tech sector tripping jobs to keep margins so we'll see if they are able to maintain the margins despite the cost cutting. then secondly i think it's really hard for companies to give guidance going forward and so much uncertainty like china and europe so i think that's going to be very interesting. what the commentary is from the

different ceos during the conference call of what they see ahead and all the companies have different factors affecting them that might be positive for negative for the next 12 months to two years. liz: kevin, get to picks and you like microsoft and have a hold on app and will going al hold and amazon a hold and meta a seld. sell. why the hold on app until >> yeah, the hold on apple is predicated on what sort of came out over the weekend with xi xi jinping over in china solidifying his next term and not conducive for picks and they made a data center over there to keep the information within the country so we think it could be a potential head wind, especially with how much can they keep raising, i mean i know they raise prices on some services today, but how long can

they keep doing that considering potentially heading into recession, that could hurt consumer spending so, you know, there's a lot of head winds coming apple's way and not the tail winds they had in the past. thinking about all their last issues of the iphone, they were increasing their production. month ago they decreased their production for the latest iphone so that's not a good sign. so we think there's too much head winds in the way of apple, especially on the macroeconomic side and the currency side when it comes to china. liz: i'm not sure apple confirmed that. there were reports they were scaling back or contracting a little bit on their production but, ross, i know you hate meta. i get it. you say tiktok is absolutely crushing them, but i want to hear because you like amazon, you like microsoft. amazon has gotten so cheap when it comes to the pullback here, it is down about 28% year to

date and microsoft down 26% year to date but is it just that valuation having come down to earth or is it something else? >> no, i mean, you know, it's nice to see the stocks a little more reasonable valuation and amazon still relatively expensive but what i really like is, you know, amazon is really moving aggressively into the entertainment industry and had a lot of success with football in their streamer and a lot more success than apple recently in the streaming business and with the mgm purchase, they're going into the theaters and really attacking the ad business in a very aggressive way, and this is a big plus for amazon and i like the direction so the traditional shopping business isn't that exciting to me but everything else including aws is starting to get a lot more exciting than amazon and with microsoft, it's a solid player. i'm a little worried about the pc slow down but in general, microsoft is in a prime position in all the businesses they're in and we expect them to continue

to execute well despite some challenges they face in the computer business. liz: kevin, guide our viewers because right now it is all about margins managing costs but don't these big tech companies not only have to attack the costs but also continue innovating and that's expensive and those two things are hard to do at the same time. >> yeah, they're exceptionally hard to do, and that's why when you look at a company like amazon, they have their hands in so many different pots. if you think about how they have they're commerce platform and cloud computing, it's too hard. they have enterprise inc consumer and we like microsoft where if you really want to play enterprise spend, which should hold up better than consumers in a recessionary environment and microsoft is the one to play and if you want the tail end cloud computing and ai and the other

suspend areas and looking at other names, there's too much exposure to a lot of consumer areas getting hit hard on the advertising side. it's a great business but microsoft is so diversified in enterprise, that's the win back-to-back play it especially with 10% growth expected. liz: ross, i have to ask you about tesla. you're the tesla guy and you've been bullish and made a lot of the money on this trade. where do you stand on tesla right now and what did you think of elon's comment during the conference call that he could forsee tesla had a bigger market cap than app and will aramco combineded? >> that's not a crazy statement and aramco worth nothing thanks to app and will thinking about robots and cyber trucks, boy, tesla could grow a lot in the next five years so when you look at tesla today trading around 200, a little over 200, this is

an amazing opportunity for long-term investors dealing with the volatility of investing with elon musk, but i have to say when's in store for tesla over just the next six months to a year and biden's, what i call the tesla enrichment act that he passed this year that's a huge benefit to tesla in 2023, you've got to look at this stock if you're a growth investor for sure. liz: that is a bold statement. go ahead. let me just say, that's a bold statement saying a are, a, mco welcome -- aramco will be out of business because of tesla. i like your at the same time. >> yeah, there's not enough rare earths or copper being mined in order to support the bullish thesis that ross is laying out. yeah, there's room for it, but it's going to take a lot longer for the green revolution to take hold in solar panels and electric vehicles that everyone is all hoping on and hoping and

willing it into existence and the facts of the matter are not enough copper, not enough rare earths and not enough production capacity. >> my man, there's lithium everywhere and we have commodity in the united states and building in mines like mp. liz: it's extracted and, ross, we can't -- >> exactly. liz: we can't extract natural gas because of all the permitting issues. >> miners are going on strike. >> the only reason we're not extracting it is because we haven't put any effort into do it and let china make all this money. we're extracting and opening mines all over the world: liz: okay, quickly before we go, ross, twitter. is he going to buy twitter? what is happening? he's supposed to make a decision by this friday at 5:00 p.m. or the judge will get so mad. >> it's a done deal. it's done. the deal is don't if should

close on friday. liz: kevin, what do you think? >> it's most likely going to go through if the debt markets and the banks fully support elon in this but the wild card is the administration and i think there's regulatory concerns so that would be the only way it doesn't close. liz: yeah. i don't see those but we'll be watching. by the way, stay tuned to this channel because we're covering twitter elon story out the wazoo. good to have you. you guys fight about lithium. the countdown closer has an opinion, a strong one on tech stocks as well, but he's also discussing beyond meat, the stock is looking raw and a little red today after a downgrade. it's currently down 95% from its record closing high of $234 back on july 26 of 2019. right now it's down about 1% to $12.50.

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♪. liz: four minutes, four minutes remaining in the trading session. a little bit of milk froth is

coming off the top of the cappuccino here. we were up more than 520 points for the dow. still up 389. a teeny bit of erosion here. s&p gaining 42 points. nasdaq was up triple digits. still up 85 points. the russ i will is up six. investors, balancing positive earnings results and a softer tone from the fed with growing talk of a recession, however, our "countdown" closer says no, no, stick with him, he sees opportunity in very specific areas in the fourth quarter for smart traders. joining me now, mark lopresti, chief market strategist at battle fin. where do you sigh most opportunity in q4? >> i think, liz, investors will being richly rewarded choosing companies attractively priced with the market dislocation we've been experiencing. some of the tech names beaten to holy hell, are some we'll talk about during the spot. if you look for long-term trends, proliferation of data,

things like that fortunes can be made when markets are crazy as they have been. liz: let me tell you what teddy weisberg, long time trader at the nyse would say right now, wait, because things will look even better slash uglier saying stock prices will come down more. you're saying now is the time. ladder in where? >> depend where your into your portfolio, if you're legging into a position you already have, starting a position but even if the market continues to erode we think q4 is going to be positive given some larger macro trends of a midterm election year, how the s&p performed almost 100% of the time especially when the republicans take the house in midterm election year. liz: looks like they absolutely will. i'm not sure about the senate. that is still a tossup. >> that's right. that's right. liz: say xe that, what are you saying dip into now? >> we like names like amazon

now, the stock is trading well, well below 52-week, consensus 175, price target on the stock, when i last looked before we were around, 119, 120 touched on the day's high this is a company that is poised for greatness as we go into 2023 and which understand that there is some demand destruction. we understand that consumers are spending less on discretionary basis but that consumer dollar, even with those macrofactors, where is it going to go, right? we think it will go to places like amazon but also given their highly diversified their business model, the high margin business of storage and cloud computing, we absolutely love it. liz: it's a cloud company that sells stuff. >> that's right. and an advertisement. liz: why are you now suddenly turning? you were a netflix bear, you were a netflix bear but you like it, like amazon the competitor. why netflix? >> so look, netflix, you're absolutely right, liz, traditionally i have been pretty

harsh on netflix but they really turned it around from losing customers to gaining. they beat the heck out of what the street was expecting by over a million new subs in their earnings report last week. they still have 20% of the market share, right? liz: they have cobra kai. >> what is the obsession with cobra kai? you have to watch it. >> somebody has to explain it to me. this is a stock that was benefited on the covid catalyst. darling of that phase. that party is over. consumers are looking to spend less with prices what they put on the table going up. they will not pay for the more expensive alternative. the company cannot find growth. they fired the chief growth officer. what does that tell you, liz? liz: never gadd. [closing bell rings] mark, thank you. the numbers look good if you're a bull. green on the screen. 43points for the dow.

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