portanthan anoer pson's voic >> n eryone wants a veficatiwa so ths 's likki aiker itheyen caregaming kboarde are more expenve. atformr bunesses,lize th podcas -- chles: rl quic let'sheck on theesults uare, % idno, it's n ey wou pay for blue rk. liz: iill t. arles: $20, oblyou.

i've g 4,0ubscriions to aughte d't en use. li i wou rher agegate it and charle you kw wh i gesoanfake aounts, z:ka i g tha charle so pe would kw it's rlly me. liz:s for the w inhis ho, theris ahance for sothing absotely wthy ofthe he o happen e whe 58 mutesndtay re counng. docoming off itsest two weekally sce020,nd if the uehips arean eke out

gains, wre d11 pnts for thblue chips. onhihallown, the claman coun wveot the feral reservplayinthe mpire. not ly is ination ta givi jump sces to e flation numbs out today show that eurzonenflati anll-time high. folk we arnot the only one r refence, u.s. inflation stands at 8.2%. so what the markets are, in essence, saying is stop the witchful thing -- get it? witch? okay. markets indicate there will be no pivot or pause come the fed announcement on wednesday.

futures traders think there's a 75% possibility. but investors looking for maybe a little bit of a treat might find it in the december fed funds futures which are in a dead heat with nearly 45% chance of a 50 basis point hike and a 49.5% chance of a 75 basis point move. who knows what will happen in those next 40 plus hours when we wait and see what the headlines bring us. maybe it's more of a 50 basis point chance. but speaking of a move, apple is near the bottom of the barrel along with intel and dow inc. after reports of workers fleeing by the masses from the iphone maker's assembly plant in china9. apple shares down 1.5%. reuters reports some workers known at the factory known as iphone cities caping after weeks of being -- city escapes after weeks of being lock down

due to covid quarantines. witness the extreme volatility in gamestop. this is an intraday picture here. triggered a halt, there was so much volatility that shares were halted after popping 24 minutes -- 24%, rather, just a few minutes into the trading session. trading has reassumed now, gamestop is only up about a third of a percent and dropping, as you can see. but real action here in the meme stocks. so on this final trading day of october, our traders are on the hunt for both tricks and and treats that might be lurking for november. to the floor show, joining me now -- in studio -- market rebellion founder jonna square january and kenny polcari. kenny, i know you will understand that i'm going to defer to john first because, welcome to the show. >> thank you, liz. it's such a delight to be here. [laughter] >> absolutely. >> lucky to be the on with kenny as well, but i am just delighted

to be in studio with you. liz: you know, kenny's head is inflating like one of those pumpkins, so we don't need it to get any bigger -- [laughter] >> okay. we'll back it off a little bit concern. >> now, come on, that's not fair. liz: we love you, kenny. talk to me about the view of 30,000 feet of november. >> i think november's going to be what goes on not just on wednesday when it's powell's press conference, and he's likely to talk very allow, liz, because it's a lot easier when he talks tough than when he acts tough. they've been acting to tough, like you say, three 75 basis point moves in a month, this'll be the fourth. put it on the calendar, it's done. and then he'll talk tough about the next one, but he has a lot of time between now and then and a couple reports that are pretty key. in particular, inflation in america. liz: yeah. >> you mentioned the you know --

eurozone, i think we could have another hot one in october which gets reported in november, and that's what i i think is the november surprise. more of a trick than a treat. liz: yeah, sounds like it. kenny, if what john says is true, do we see another 75 basis point hike? >> well, listen, i think -- john, welcome to the show. it's such a pleasure. i'm sorry i'm not there at the moment, but the next time. i think here's the problem, there's actually five more inflation readings between the november meeting and the december meeting, right? you got cpi and ppi in november, plus the p -- cpe. so jay powell's going to have to be, to your point, he's going to have to be strong because, i agree with you, i think those inflation numbers are going to continue to -- either they're going to remain high, or i actually expect them to move up. and he's going to be in a bad position if he suggests that december's going to see, you know, a move down to 50 basis points and then he's going to

have to change his mind if, in fact, inflation does what you and i think it's going to do. i still believe, i'm in the camp i still believe 75 basis points is a reality come december. liz: and kenny has been, john, very bullish on sectors that are safer, for example, energy. and i'm very interested the know what you like right now as we head into november. >> well, you're going to be shocked, energy. [laughter] here we just had, liz, just a huge move. you know, the viewers know it because they feel it. it's not just when energy prices came down at the pump, that felt great. but in the fall they're not doing a lot of cooling, they're not doing a lot of heating yet. but when they start to, they're going to notice the natural gas prices are up 6% in a -- 36% in a week. liz: what's the trade? >> lng and glng. they are companies that export liquified natural gas, and it is

5-6 times more expensive over in europe. so if you start taking it from here, liz, and exporting it over there because you can make a bigger profit and so forth, you can imagine that's kind of crimping supply here. that's why i think we're going to see higher prices here because, again, it's global demand, and europe doesn't have russia anymore to feed 'em. liz: eqt, of course, is the nation's biggest producer of natural gas. >> yep. liz: and, of course, lng is cheniere, liquid natural gas. x energy, what might be a better trade? >> i still like, even though you mentioned the headlines about apple, i thought those numbers last week were fine. and the stock reelected it. -- reflected it. it ran to the upside after of the earnings, and today it's down a percent and a half, but it's still 153. i think something like that, a technology stock in that space. i also like on this pullback

amazon. we're going into their best season of the year. this really is the super bowl for them because we're going into black friday. who is a bigger retailer than them? well, these days only walmart, and that's ooh only just, by that much. i mean, amazon selling retail goods as well as the cloud, cloud we know is a little softer demand right now, but i think retail is still going to be strong are. this might be the last hoorah rah for retail. liz: man, kenny, amazon on friday hit a 52-week low, i think, i'm pretty sure they did, and now today 103.of 66 -- 103.66, down 1.5%. >> right. and we talk about it, actually, on friday when it was happening with stuart varney, and he was talking about what are i you going to do, it's going to break 100, there was all this hysteria. i said, listen, to john's point, we're coming into the best season. even though part of the reason it sold off was amazon was

warning about a weakened holiday season. i think that's bologna. they say it every year -- liz: whoa, whoa, you say they are underpromising and overdelivering? no! >> you, can you imagine that? [laughter] liz: well, fedex wasn't. i mean, fedex warned in september it was going to be very ugly, and i believe them. >> you thinkis, huh? i don't think it is. >> well, i think the consumer, ken, is probably feeling that pinch. but nonetheless -- >> right. >> -- you know, g.i. joe with the kung fu grip, liz, i mean -- >> right. >> that's what eddie murphy was talking about. [laughter] liz: go ahead, kenny. >> they'll still use amazon. they may shy away if from some of the higher end retailers, but amazon -- who doesn't use amazon almost for everything? it saves you from getting in the car and going to the mall itself. it's at your door in 24 hours.

liz: yeah, one roll of duct tape, i mean, that is just a crime. i need it now, right now. crime. [laughter] >> right? but people do it. liz: you know what i need every day? you, kenny, and you, john. so glad to have you. welcome. please come back. >> i will. liz: hey, folks, it's too late to get a 12 foot tall skelly delivered tonight, but what about christmas decorations by december? after more fits than starts since the pandemic, now shipping experts are warning -- yes, i mentioned fed are ex-- there may be a slowdown this holiday season. trucking logistics hold the key e. those companies really know what's going on. up next, xpo logistics' ceo is here. the stock is up about 2% right now on what he sees being loaded into the big rigs. with the closing bell ringing in 49 minutes, "the claman countdown" is just starting to

heat up. we are back in a moment, dow is down 147. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

i earn 3% cash back at drugstores with chase freedom unlimited. so i got cards for birthdays, holidays, graduations, i'm covered for everything. which reminds me, thank you for driving me to the drugstore. earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours.

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. ™

liz: overstuffed retailers may be the one to play the grinch this holiday season for freight if companies, at least according to this "wall street journal" headline which says truckers expect softer holiday shipping on waning retailer demand. and yet trucking logistics company k -- xpo just reported net income from continuing operations of $131 million for the third quarter. but compare that with just 21 million for the same period in 2021. shares up just under 2% right

now as the company officially spins off it high-tech truck brokerage business, rxo, that'll be tomorrow. but joining me now, brad jacobs, outgoing ceo of xpo. you'll still be the executive chairman, right? >> i will. liz: yeah, but all of the day-to-day -- >> i don't consider that nonsense. i like the day-to-day. now it's time to do it somewhere else. liz: by the way, you are a serial entrepreneur. how many companies is have you started? >> i've started five companies from scratch. each one became a billion or multibillion enterprise. liz: okay, i immediate to drink whatever water you're drinking. that's amazing. is the journal right? >> well, i don't know. there's -- it's definitely going to be a muted christmas season, there's no question about that. things have slowed down. they're likely to continue to slow down. it's not a disaster. i mean, you look at our company, we just produced the tenth quarter9 in a row where we beat

consensus, and we had earnings per share up 54% on a year-over-year basis, so we're outhustling the macro. liz: well, yes. but i would say when you're talking to your customers, i want to go inside your brain and for you to tell viewers what they see. you've got ford, ulta, toyota, lowe's, costco. these are all some of your customers for whom you transport. what are they saying? do they see recession? and by then justification, do you? >> so i was at a ceo trade show a couple weeks ago, and 95%, literally, of the see coe pros -- ceos say we're going to have recession next year. 95% is a pretty high percentage. when you look at our customers, to answer your question, auto's doing well because it was doing poorly, and chips are starting to flow a little bit, so it's coming back. aerospace and defense, food and beverage is doing well. but pretty much every other

vertical is soft. liz: i brought up september fedex warning with our floor show traders, ken and jenna jane, and -- jenna square january, and fedex said that they would see a pronounced slowdown because that's what they were seeing during that quarter, and they really feel that it's going to be a problem. and amazon said sales for the current quarter -- this is supposely their holiday quarter -- would be with far below expectations. we know ocean import volumes are drop thing off. so tell me where the possibility is that we wouldn't see a recession. >> i think we'll probably see a recession. the real question to answer is how long's that recession going to be, how deep is the recession going to be, and i don't think that's destined already. liz: what is december destin -- destined? if you look at your earnings, they do look very good, but the stock is down 41% year-over-year. i think about what was going on a year ago or at least december. that was the start of omicron,

was it not, and then it started to go with through january and february. one of the things i feel about trucking and logistics and, quite frankly, ocean freight is that nobody if before covid anticipated that a pandemic should be something against which they are insured. >> yeah. liz: i mean -- >> yeah. okay, but the pandemic also had some positive things. most things aren't all terrible or all catastrophe. you did see a lot of increase in retail demand, in consumer demand. of course, the government overstimulated, is now we're paying the price for that. and now interest rates are going to have to go up to slow thing down. i think we're in for recession, and i don't know whether it'll be really deep or not because i don't know what the fed's going to do, i don't know what putin's going to end up doing, china and taiwan, so there's a lot of uncertainties. at the same time, if you look at our results today, you wouldn't know any of that because we beat earnings by a significant amount, we overperformed in every single business line,

every single geography. so it's not all doom and gloom. there are ways to go out and make money if you outhustle macro. liz: and we really point to the fact that part of the reason we will see a muted december is because retailers are overstuffed. we know the inventory issue, and they don't is have any place to put them. the warehouses are full. anybody says we're going to have to discount, so that is part of the problem. it's not necessarily that you can't find drivers, but what about drivers? i know that you have been testing autonomous trucks. there are a whole bunch of companies trying to do autonomous, all-electric vehicles. will that work and 40 soon? -- can how soon? >> they will work, and they will be pervasive but not right away. there's still no big political push to do that because we don't are have drivers, can't unionize them, the current administration if's very pro-union. so i don't see a lot of political will to accelerate that. now, they're going to go to ev because there is political will

for that. you mentioned drivers. drivers have always been hard to get and they're still hard to get, but they're no lot less hard to get now than even three or to four years ago. when you look at the number of people that apply for a driver job that we post, now it's up almost 50%. liz: what's next for you? you said you're looking for the next big thing. >> well, my search really starts on wednesday because i've been gainfully employed, but i've listen -- been looking at industries where i can do m&a, industries where i can do massive organic revenue growth through sales, and i've looked at some spacs that were $10 a share and now $1.52 -- most of them belong at $1.52. liz: i was going to say, really? you're going to dip into spacs? >> i'm only looking for one, but most of them weren't really good. they shouldn't have been taken public in the first place. but there are some that are

really interesting. they're trading 10, 20,000 shares a day, there's no natural demand for them, they can't grow. is so if i come in and put a billion, billion and a half dollars of fresh equity, i become ceo, we invigorate the company, there could be manager there. i'm going to look. i've just looked on a cursory basis. liz: well, tech -- i'm really digging here, because i'm fascinateed. >> i was just out in silicon valley, and i saw some big hitters. tech's dangerous. it can be really, really big or bust. you look at my track record -- i want to make sure if we do something in tech the, so i looked at cyber. i looked at cyber and talked to people in israel, on the west coast. i love cyber from the point of view that's a big problem -- liz: and there's a need, yeah. >> big need. and that's how you make a lot of money, you position yourself to fill the big need. but the valuations are crazy. they're, like, 20, 25 times

revenue. liz: you playing buffett, you want to wait until the valuations come down. brad, when you are ready, please come back. >> i'd be delighted to. liz: thank you very much. brad jacobs of xpo. autonomous trucking, new by two with simple. the self-driving semi truck manufacturer too simple tumbling after its founder is run off the road by the board. we've got the details straight ahead in pop stocks. and everything and the kitchen sink? more heads roll at twitter as elon musk kicks the entire board of directors out of the little bluebird's nest. we're going to take you live to twitter's headquarters for an update. and also, you guys, the fast growing list of advertisers flocking away from the platform after disturbing tweets over just the last 48 hours. 37 minutes before the closing bell rings. cow jones industrials still losing about 102. the russ are sell is the only one in the green, up 3 points.

nasdaq better by 110, and the s&p, sorry, down 26. we're coming right back. ♪ dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's yours free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you see, medicare covers only about 80% of your

part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money, and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, emergency care, and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus, you can get medical care anywhere in the country, even when you're traveling! with humana, you get a competitive monthly premium, and personalized service, from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money! so how do you find the plan that's right for you? one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just

one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. bath fitter is a better way to remodel your tub. a custom-made watertight fit and high-quality materials mean a beautiful tub, and a great value. bath fitter. it just fits. visit bathfitter.com to book your free consultation.

liz: all right, dow is having its best october in history. happy halloween. even though it's still down about 103 points, we still are looking at the best october in history.

nice. not bad at all. all right, investor are hitting the brakes on tu simple on reports the self-driving truck and company is facing a federal investigation. so here's the situation. both the fbi and the sec have are opened a probe into whether the company improperly financed and transferred technology to a chinese start-up. that's a big no-no. according to the report, the investigation centers on the possibility that tusimple broke securities laws by failing to properly disclose the relationship. as a result of the investigation, the california company said it has terminated the company's ceo and founder who is still denying any suggestions of wrongdoing, but the stock is not denying suggestions of wrongdoing -- [laugher] it is down 45%. airbnb set post quarterly earnings after the bell on tuesday, but some analysts are sounding a bit of an alarm here. morgan stanley cutting the price target on the stock from $125 down to 105, we're at 107 and

change and is set a hold rating on shares while piper sandler decreased to $121, and they're calling it a neutral at the moment the investment banks are worried about inflation and increased competition for consumers' vacation dollars. >> -- now, this is an interesting one, align technologies is near the top of the nasdaq after the maker of invisline announced it has entered into an accelerated $200 million stock repurchase program with goldman sachs. the deal is part of align's $1 billion stock repurchase program announced in may of 2021, but in addition the ceo, joe ohio began, intends to -- joe hogan, intends to buy $2 million worth of the stock. all right, chip is stocks lower at this hour, intel the biggest loser on the dow. citigroup cutting the price target from $30 down to 27, intel is at 28.38, the bank did

maintain a neutral ranking on it. and checking our chip makers, marvel, invid is bl, nxp, down anywhere from 2% to 3%. so much for elon musk's soothing promise to advertisers. advertisers fleeing at this hour from twitter after a weekend of elon ownership unleashes a hellscape of racial epithets and a retweet by musk even he had to censor. yes, he censored his own tweet. what must the new twitter do to lure back ford, mazda, dyson and the growing list of brands that flew away this weekend alone? we're going to explore that straight ahead with a top advertising martty pants, barry frye of dpaa. closing bell ringing in 29 minutes. we are coming right back. ♪ ♪

at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. sometimes you're so busy taking care of everyone else you don't do enough for yourself, or your mouth. but eventually, it will remind you. when it does, aspen dental is here for you. we offer the custom dental treatments you need, all under one roof, right nearby. so we can bring more life to your smile... and more smile to your life... affordably. new patients without insurance can get a free complete exam and x-rays, and 20 percent off treatment plans. schedule your appointment today. what if there was a community of like minded people ready to support you when you need it most?

christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering values-based affordable health care cost solutions for people just like you and me. learn more today at your chm.org about healthcare that puts you in control.

hi, my name is reggie and i lost 30 pounds with golo. before golo, my blood pressure was really high, but after golo, i was able to cut my medication in half. with golo, i've not only lost weight, i'm happier, i'm healthier, and i have a new lease on life.

liz: we cough some breaking news here. elon musk continuing his twitter takeover tear, the board that oversaw musk's acquisition has officially at this hour been dissolved. that according to new securities filings. musk is now the company's sole director as laid out under the terms of the merger agreement. and as twitter drops its board, 25% is reportedly this few percentage number of the site's work force that is expected to get the boot under musk's leadership. kelly o'grady live outside twitter's san francisco headquarters. kelly, you know, this really s&p isn't just a twitter story, right? it's one of many layoffs coming out of the big tech space which will now be flooded with, possibly, all these twitter employees. >> reporter: yeah, that's

exactly right, liz. i mean, obviously, twitter headquarters, all these layoffs are about musk's vision for profitability as well as his vision, but big tech companies are really struggling with that second part as a recession looms. so i want to give you some numbers for context about hiring during the pandemic, right? so in just the past year, meta, alphabet and microsoft have seen head count rise by upwards of 20, because companies are shifting to tightening, and they're having to reckon with just how many employees they've hired since covid began. consumers are beginning to become more griewgal, so so these companies are needing the make cuts. meta is on a hiring freeze. buy now, pay later platform collar that cutting part of their work force. microsoft recently cut 1,000 jobs, so you pair that with these looming twitter job cuts, and these employees could potentially be entering a difficult market for their skill

set. up to this point workers have been in high demand, but now big tech is freezing hiring, start-ups certainly aren't hiring, and it's a tough the situation. in addition to layoffs, i want to highlight musk also appears to be going after the twitter board. he tweeted out leaked screen shots of internal communications saying, watch the twitter board deliberately hid this evidence from the court, stay tuned, more to come. that's in reference to the head of safe desharing the platform make misrepresenting metrics. musk can look at this communication as long as it was done on employee platforms, but it will be difficult based on how the merger agreement was structured to go after them legally, you know, regardless of what he's tweeting out, liz. liz: makes me wonder if he's looking at people's dms. very interesting -- [laughter] so much has now turned into the o.k. to corral at twitter over just the last 48 hours, and it's not just twitter's work force

dealing with the sweeping changes of elon's takeover. you've got to look at the advertising world. general motors is the latest to join several major advertise thers including dyson, mazda, ford, directv and pbs kids in suspending or outright ending their twitter marketing campaigns. some of them just within the last 48 hours. according to the network contagion research institute which aggregates certain phrases, terms and trends on social media, the use of the n-word spiked 500 percent in just the last 12 hours after musk took control. for brands insisting on reaching a quality target audience, what happens to twitter's ad revenue in barry fry is here. well, what happens now? twitter right now gets 90% of its revenue from advertisers, and it looks like some blood hing is already happening -- blood little is already happening. >> you talked about advertising,

what's critical is being in a quality environment. there's nothing like brand safety for an advertiser to send their message. marshall mclewin, if you remember the great prognosticator of media, talked about the medium is the message. so where the actual message appears, what the medium is affects the message. liz are liz well, this has just been a few hours, and his view was i want a town hall, not a hellscape of anything goes. i mean, there are some people really pushing the boundaries, so much so that, for example, some different advertisers like pbs kids saw their ads pop up on certain tweets where people were asking for child pornographic -- pornography. that's a killer, isn't it? i don't see pbs kids coming back after manager like that. >> you know, his desire for a town hall is admirable, that would be great. so far on social media when you

have a lot of people speaking in echo chambers to who they want to hear from, who they want to speak to, doesn't exist. a town hall is where there's differing views, people come together, and it's moderated and you hear and engage and speak to different personalities, different views. and trying to do that on social media will be a challenge. liz: well, he did say no banned accounts. i mean, you would read donald trump and kanye west for that. he said no banned accounts won't be reinstated until a blue ribbon commission convenes. as for the moment it looks i like all bets are off. you've got all kinds of stuff flowing like sewage across twitter, not to mention that he wants to start or charging for blue check verification. i just don't know how this company gets back on its feet, to you. >> a lot of advertisers are taking a pause, and they're looking to see what happens. look, there's lots of media choices today, so nobody is

necessarily beholden to one medium to continue on. so i think there will cheerily be a pause and, look, he's making his own news -- [laughter] liz: well, you've got nbc universal, walt disney, colhan, i read an argue where the marketing guy said, in in essence, this is horrifying, what he saw this weekend. do you give a company a second chance, or do you say, you know what? tiktok has guardrails. >> i think people are really going to wait and see. we're a country where a person of global interest, we like to give people second chances, but i think people are going to have to see work being done, what are those guardrails, how the moderation going, what's the blue chip panel? is it going to be humans? algorithms? how is this going to happen? if facebook has tried to put thousands of humans on case. it's very costly compared to running a social media platform

where a lot of algorithms are running the show. liz: isn't that part of the problem, algorithms? so programmatic ads are done by algorithm in a.i., aren't they? if somebody views, oh, i think i want to go to greece, the next thing you know, you see greek hotels pop up on the side panels of whatever you're trying to read. so do you think at some point that's got to change too? >> you can manage the algorithms. you can put certain rules in place, and that really is important. it's critical that advertisers or are in this brand-safe environment. i was at the ana, the advertising association last week, the masters of marketing, which is a great conference -- liz: did this come up? >> it didn't come up publicly, but the other part that advertisers spoke about which ties in here is how important purpose is and how advertisers send a message that is purposeful to the growth of society, to the growth of dei, to the growth of education, to the awareness of the environment.

and advertisers are more sophisticated, and consumers are more sophisticated than they've ever men. liz: and here's elon looking for other revenue sources beyond advertising, so he thinks subscribers. he wants to charge $20 a month for people who want their blue checks. okay, if you want it, you've got to pay for it. the problem becomes when you look at what else is $20, i mean, an all you can eat hulu account, we can put it up on the screen, there's some comparisons here. subscription services, netflix premium is $20. hulu, disney, espn +is $20, and that's without ads. and now these guys can put their ads on the new ad-supported tier, say, for example, netflix saying, you know what? i'll take my chances trying twitter again, do i believe elon musk? how much cred has he lost by coming out on friday and saying twitter will not be a hellscape, and sure enough this is kind of what we see right now?

>> yeah. advertisers have lots of places to go. and to your point, just coming out now, netflix is now selling ads, so there's even more places to sell advertising. no one is beholden to one ad service anymore. the old o'days you had three tv networks, you couldn't exist without going on one of them, as you well know, and now it's very different. but with the sophistication of advertisers and what the message really means, we're very proud it's a brand-safe environment where trustworthy levels are incredibly high because you can't hide in the public. you've got to tell some element of the truth. liz: well, we'll be watching every development from this even though twitter is now, of course, not publicly traded. the online advertising guys are, and this is, it still continues to be a huge story. barry frey, thank you very much. >> good to see you. liz: ghosts and goblins not haunting wall street this month.

today's $230 billion countdown closer has some tricks but also some treats for your portfolio. the dow paring its losses here, down about 66 points. still red on the screen for the s&p and nasdaq. stay tuned, we're coming right back. ♪ (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned.

your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... save hundreds a year on your wireless bill over t-mobile, verizon and at&t. just take the xfinity mobile savings challenge today to see how much you can save.

liz: little bit of breaking news. president biden set to speak in the next hour, rising prices at pump. he will ask congress to consider tax penalties, other restrictions on oil and gas companies if they do not invest record profits to lower costs and increase production. oil today is actually falling, down about 2% in the after-market. you can look at natural gas. it of course is up 11%, we showed you that earlier. some of that doing with tensions and drama out between russia and ukraine. heating oil dropping 7.8% on mild temperatures across the nation. but, diesel prices have increased 33% for november deliveries. so we said you know what? this matters to our business viewers. matson all worth at a bp gas station at budd lake, new jersey, on what is behind

behind the run-up? reporter: liz, diesel when we look at the environment diesel is hit hard because of the shortages. in the u.s. we have 25 day supply because of diesel that is typical 35 to 40-day supply, there is no wiggle room. >> from that stand point we're on just in tame inventory. thinking of any distribution of any other goods, there is not a lot of ability in the overall system. when you, when you beat the industry up, he close facilities that are not profitable. unfortunately we're reaping some of that right now. reporter: so the ban on russian oil put immense pressure on the market. then production here at home has also been crushed over the past couple of years. you're taking a look at the refineries have been closed in 2020 and 2021 alone. all of this leading to those higher diesel prices at the pump but those higher prices at the pump, not just there you're seeing it increase for

businesses which means higher prices for shipping. it all rubs off with fuel surcharges and higher costs of goods at the end for those consumers. to manage customer expectations we're seeing companies like mansfield who you heard from earlier, they are going to certain emergency protocol for the southeast, they have initiated code red. that means they have to have customers give 72-hour notice before request for delivery because reality the typical system, let us know day of cannot work. they cannot guarranty they would have diesel for those requests. it is hit hard here on the southeast but the entire east coast, you're seeing it at the gags station behind me. they're charging 5.95, nearly $6 for diesel, national average, liz, $5.30. >> well, again, this is still in a state of flux because of russia and ukraine. we need to see some drilling here, certainly. at least some of the permits that are already in the pipeline allowed to go forth.

mad san, thank you very much. madison alworth. breaking news hitting the tape. delta air lines pilots voted overwhelmingly in favor of a strike authorization, that according to the headlines, crossing the tape from delta's pilot union as we see the stock is down just over 2% at the moment. at the lows of the session. we'll continue waiting on all of this, on all of these headlines but, yes, pilots are voting overwhelmingly for a strike authorization. the dow on track for the best month, even with the losses that you see right now of 106 points. best month since january of 1976, its best october in history. s&p looks for a gain of 8% for the month. the nasdaq -- who knew with all the volatility that things looked so good. the dow will have a 14% gain for october. nasdaq 3.8% gain for the month. yes, october, how spooktacular,

get it? spook tack lar. "countdown" for the all hallows eve for investors. to find treats in a very tricky stock market, peter maloof with 230 billion in assets under management. this is like good news for the bad news. do i start with tricks or the treats? you decide. >> for investors looking couple years out, what an incredible entry point to the market, the fed will raise rates a few more times. we generally know how the story ends. a lot of wild cards out there, if you look at stock market from these levels historically, average, s&p 500 about 14% a year. not perfectly smooth like that, if you look three years out, 14% a year not bad. stretching out over five years still in double digits at 11%, seeing some big up days in the market as investors look for the bottom.

i'm not sure they're there yet. three-year time horizon there is lot of treats to be had in the coming years. liz: we had madison talking about rising prices of diesel once again. this is an issue, natural gas, as soon as we see the first flake of snow hit. prices go higher. we vin nation, the housing market has certainly frozen up. which one of these tricks i guess do you see easing up first? >> i think the fed will win its war on housing. i think that is becoming pretty clear. i think every month that goes by will see it, they will probably overdo it, data is so lagging even though people on the ground see it clearly happening now. so i think they will win that i think they will win at slowing down inflation across the board considerably. to your point, what you were talking about earlier, the fed cannot control energy prices t cannot control what happens between russia and ukraine, that spills throughout europe, starts to affect the united states and everyone around the globe, food prices everything else.

while big picturewise they will win the war on inflation, you can't beat the fed at that game, there are a lot of things they don't control that will keep it very having for investors. seasonality boost in the stock market will be tempered by what this winter is like what we see happen across europe and the united states with surging prices. liz: peter, my favorite is, i really like butterfingers. i see nothing fun about fun-sized milky ways. i see fun about the big size. give me your treats here. we have a couple etfs that will pay off? >> for those of you have three years look at s&p 500, by the ivv. abs of steel handle more volatility with the upside -- iv-v. bx looks really interesting to me, there is a democratization across alternative investments

with, rising rates a little less attractive now, the big picture we'll see the products become more accessible to everybody. start working the way to the 401(k)s everyone else. that will be a big beneficiary for that. that is longer term investor. there is upside there. liz: again up side, also the tricks. we do know that inflation is still very much there in china. it is covid lockdowns, possible energy crisis, and of course deep globalization. peter, thank you very much. i'm glad we went with the treats first. that is always nice. peter mal u.k. a powerful october ending with a bit of a whimper. but the dow snaps a six-day winning streak. yet we're still looking at the best october for the d.o.e. joins industrials in history. how about that? [closing bell rings] "kudlow" is next. ♪. larry: hello, folks, welcome t