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yield, it pulled a complete u-ie on that. bond yields hiccupped higher, the 10-year now at 4.06 at the moment. those stronger economic numbers ahead of tomorrow's federal reserve announcement cannot possibly make fed chair jay powell and his interest rate-setting team happy. they are on the hunt for any sign that their previous five rate hikes this year are cooling the economy and inflation. stock market certainly did not cool in october, that much we know. wilshire 5000 index added 2.9 trillion in october. i'd love to say this is the 5,000 biggest stocks in the u.s., but there aren't 5,000. there are fewer than that. but still, adding 2 the.9 trillion in october. but, yeah, down 2.3 trillion over the past three months, down 9.8 trillion year to date. certainly, you look at that number on the left-hand side of your screen, you'd say that's an indication of positive evident.

-- positivity here. dogecoin suddenly sizzling, up 16 cents last night after elon musk tweeted this picture on your screen of a pumpkin and the dogecoin mascot wearing a twitter shirt. why would that cause doge to spike? fans interpreting that as a possible sign maybe musk would allow twitter subscribers to pay in dogecoin for their blue check verification. sent the crypto to the moon, and it is slightly closer to earth right now. more on elon coming up, but for the moment we are now just 22 hours before the fed's rate announcement, and more importantly, the 2:30 p.m. eastern time news conference tomorrow which is where the critical action could happen. ahead of it all, let's get to the floor show. joining me now, the fed whisper

er and scott redler. this conversation is super important to a lot of people who make any investments whatsoever. the market is pricing in a fourth jumbo hike of 75 basis points. what we need to hear from you is what you are hearing chair powell will say about maybe a pause, a pivot or not. >> well, liz, thanks for having me. that is the big question tomorrow, you know? the meeting that the fed is having right now, they're very likely to be discussing how much higher they think interest rates have to go, and then you sort of get into the tactical question of how quickly do you think you need to get there. so that is the deliberation that it seems likely they're having right now. the question for tomorrow is, you know, does chair powell actually have to say where they came out on that question? do they reach a consensus? there's still a lot of data that's going to come out before the next meeting in six weeks, so sort of a funny position where we're speculating not on what they're going to do at this meeting, but the next meeting. and the big question tomorrow is

how much will jay powell reveal where their thinking is around where they think they need to go and whether that means a 50 basis point stepdown in december could be on the table. liz: it was about two weeks ago that your article kind of triggered that friday roaring rally because it was some type of indication that maybe we might hear some verbiage by the federal reserve that could signal somehow something that the equity markets -- which are really bad at reading any kind of nuance -- wanted to hear. how often do you speak to voting members, chair powellsome i don't know, i'd love to get a window into where you really kind of learn what's going on. >> you know, i don't want to get into sourcing conversations, but i think it's been fairly obvious from some of the comments publicly that fed officials have been making. go back to october 10th. lael brainard, the vice chair of the fed, and charlie evans both

came out suggesting maybe they don't need to keep raising rates by 75 basis points. liz: right. >> you saw esther george who isn't known as a policy dove, she's the president of the kansas city fed, and she was talking about how she prefers a slower but steadier pace and the idea that if the consumer's really strong here, you see earnings holding fairly well here for consumer-facing companies, then the fed might have to target a higher terminal rate. so you're beginning to hear these comments around, gee, you know this'll be four 75 basis point increases in a row. in june chair powell said it was unusual, so you see some people who seem to be uncomfortable continuing to go in 75 basis point increments. you raise the risk of a financial mishap or accident perhaps. and as you get closer to where you think you might need to go, you do tend to slow down a little bit and look around. and so that's the question here, are they feeling like they can

start to slow down and will they talk about that tomorrow, will chair powell talk about that tomorrow. liz: so just to reiterate here, we just showed the calendar of all of the rate moves beginning in march which was, with by the way, the first tightening in three years, and then the first hike in june, first time we have seen that big of a tightening since 1994. back then in march the fed kind of indicate, you know what? we've got six more of those. tomorrow had been the sixth. does that mean they stop in december? i mean, you know, he had that on the record, nick. >> no, i don't think so. i think the question here is where do you see the peak or the terminal funds rate. and if as the estimates for how the fed is looking at where they need to go have shifted, you had a lot of ground to make up, and it made sense to move in 75 basis point increments. i think that's one of the questions now. at the september meeting, most

fed officials thought they would get to somewhere between 4.5-5%, so if officials are still looking there, you have a more compelling reason to dial down the pace. you think the terminal rate is i higher, you keep going at this faster speed limit, 75 basis points. and i think the last point, liz, is, you know, people are talking about a fed pivot, and they're talking about completely different things. to some people, a pivot means the fed is shifting away from worrying so much about inflation and focusing on supporting growth. that tends to happen when the fed if starts cutting rates. other people talk about a pivot and they talk about a slowdown from 75 to 50 basis points. if you're targeting, perhaps, a higher terminal rate, then that really is not a pivot, it's more of a change in tactics to get to a higher level of interest rates. liz: nick, one last question here. if the unemployment rate for the month of october, which comes out police department friday, were to show some -- comes out

friday, were to show an increase and we start to see some problems with job creation, would that really be enough to make the fed's next meeting in december say a little bit more on pausing? >> again, i think that, you know, the next step would be a slowdown before you talk about a pause. if you're looking at a 4.5-5% terminal rate even after tomorrow, there'll be below 4%. so the pause thing, i'm not sure where people are getting that. liz: yeah, they don't trust the fed. they don't listen. they don't believe when powell says we want to kill inflation. >> yeah. and the labor market is something they're going to be paying a lot of attention to. you mentioned the jolts data. the fed's looking at job vacancies to unemployed workers ratio. that went up in the report that came out this morning. that is the wrong direction. the fed wants to be sure that they've gotten control of this inflation problem. and the way that they're going to be sure is they're going to

see a softening labor market, reduced demand for labor. it doesn't mean that layoffs have to increase, but the more that the unemployment rate goes down, the higher you see that job vacancies to unemployment ratio, the more concern people are going to have that even though they've done a lot, if it's not slowing down the labor market, then that gives them a yellow light or a green light to continue raising rates here. liz: nick timiraos of "the wall street journal," thank you so much for weighing in, we appreciate it. i want to look at the markets right now with scott redler, our trader. scott, give me your sense as we heard what nick just said about the equity markets turning around on the jolts number that was better than expected. we got the ism, pmi, alphabet soup number that was also stronger than expected. so what should investors be looking at right now? >> well, depends on your time frame. and, you know, i was just listening to your conversation about what could happen tomorrow, and i think as a trade aer knowing what's kind of

priced in and what's not, i don't think anyone in the market really thinks they're not going to do anything in december. they want a slowdown. they want 75 basis point points this time, indicated almost that 50 basis points was a hard decision to make, and now show that they're slowing down and get to a pause and not a pivot. i don't think anyone wants -- thinks they're going to pivot. we just want them to slow it down, let these four 75 basis point rate increases go new the economy because you're seeing a slowdown in housing, you're seeing corporate earnings start to yet impacted. so you don't need to keep this rate of increase there. so the market wants to see the fed be less dovish. powell needs to, in the conference, not be like he was at jackson hole, but talk about how she's starting to see some effects -- he's starting to see some effects, a little bit of a lag, that they're willing to almost look data-dependent in 2023 and be done in december.

liz: well, tell me what to look for at the moment ahead of the fed meeting when it comes to certain levels in the equity world or whether it's the major indices. i'm seeing the s&p and, of course, the nasdaq which opened above 11,000, it's down right now. >> technically, you never want to see the market open up and just be sol, and it was sold based on the fact that we had positive data that we hoped would be a little lighter to have the fed slow down. the bear market bounce, whatever you want to call it, the s&p is up over 12% from the lows. so it's really up to how he's going to sound on whether we could see s&p 4100 at some point in november or today's open is the high of november. so i think he's got to sound a little more dovish. i think on theport side on the s&p you probably need to see 3810 hold. if that could hold throughout tomorrow, then i do think there is a chance we can continue in the rally into the next few

weeks. you know, we've had some problems with tech, but you do see the airlines are acting better, the banks are acting better, you're seeing some decent, obviously, the energy sector's been making higher highs. we need to see tech back better, you need to see growth do better, is so i would say for traders tomorrow we don't want to see s&p breach the 3810 level. if we can hold in through the course of the fed tomorrow and they're a little bit more dovish and we get a little bit on the jobs report on friday where it doesn't exceed expectations, i think there'll be an optimistic glass half full versus empty at the end of the week. liz: yeah. and so just two things. one, for our viewers who may be listening on xm 113, the s&p is at 3861. so you listen to scott's level, be looking for that. and when you look at technology, it is not behaving well. the two laggards on the dow, microsoft and apple. scott redler, thank you. so will he or won't he signal

either a slowdown or a pause? if folks -- folks, this is very crucial to your portfolio. fox business will have all the fed action starting 2 p.m. eastern, but really the fun begins at 2:30 p.m. when chair powell faces reporters' questions. that's where the market action happens. it spills over into "the claman countdown," and we will follow it up with genius analysis immediately following the q&a. all right, coming up, elon musk opening up the suggestion box as to hoe to -- how to remake twitter, and as millions of options come in, one gets elon's attention from the former cfo of the social media platform. wait until you hear his pitch on the price users may pay to be verified. anthony noto up next to talk his fin-tech's powerful quarter as it inches closer to profitability. closing bell ringing in 45

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of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. liz: oh, well, this is a new development. in the last hour, twitter's new owner is and ceo, elon musk, is suggesting not $20 a month to get you the blue check meaning you are a verified twitter user, but maybe $8? a little bit of negotiation going on? look at interaction between famed horror fiction writer stephen king and musk. king tweeted yesterday, quote: $20 a month to keep my blue check? f-that. they should pay me. if that gets instituted, i'm gone like enron. so in response -- yes, just within the last hour -- musk tweeted, we need to pay the

bills somehow. twitter cannot rely entirely on advertisers. how about $8? musk did reveal he was toying with charging users $20. longtime investor put out a poll asking twitter users if they'd pay $5, 10 or 15 a month. more than 1 million responses came in. 81.7% said, sorry, they would not pay anything for it. elon replied, quote, interesting. but the bluebird's former cpo, anthony know toe, kind of jumped into the fray tweeting, quote: none of these answers are high enough. people will pay $49 a month, and if they won't, they should not have been verified to begin with. no wonder noto's feeling bold about money, the stock of the fin-tech he now runs is having a very strong session. sofi shares are moving higher, just reporting a third quarter revenue beat and a narrower than

expected profit has. are we've knew jumped 51% year-over-year concern revenue. t inr sixthod,nydjul ft.atwost i consecutive quarter of record revenue this quarter. specifically, we're a one-stop shop for your financial services needs all on your phone, so we help you borrow better, save better, protect and invest better, and that gives us an opportunity to leverage different businesses and different economic environments to drive growth. so in the checkings and savings account, we're offering 2.5% interest on checking. we just announced we're going to 3% on savings later this week,

and that's helping us grow our member base there, and as deposits grow, we can lend more money to our members in unsecured personal loans or home loans and also credit cards. and because we're building trust our liability with our members in those products, they're cost buying into products like our insurance offering in addition to our invest product which also offers a very unique selection across single stocks, practical shares, cryptocurrency, etfs and award-winning robo accounts. so the whole strategy's coming to bear, and that's what's driving the consecutive quarters of revenue. liz: can i really dig down into what you just said, that your savings accounts are paying 3% interest, checking 2.5%? i don't know a lot of banks that are doing that. that's got to have brought quite the influx of new subscribers. more importantly, how are you able to do that? >> yeah. we have a structural advantage. one, we have a technology platform that is lower cost, and

we've built our technology to allow us to better serve members more efficiently. the benefit that we have from the business mix is that we do lend quite significantly to our members, and many banks do not lend are. many of them actually buy our loans because they have deposits they can't deploy, so they buy sofi's loan to try to get a return on those deposits. and because we have that lending business, we can offer or a consumer 2.5 in checking, make those deposits available new loan at a much, much higher interest rate than that for an unsecured personal loan or refinanced student loan or home loan, and we make the difference between what we give the consumer in deposits and what we lend to consumers in the lending products. and that's a real structural advantage in that regard. not to mention we're vertically intre separated -- integrated which gives us a low cost advantage in addition to being able to innovate at a faster rate. liz: welk, the stock up 6%, and

the analysts love it. i'd be remiss if i didn't ask you about what you put out on twitter. you had suggested people would pay $49 for blue check verification. my response from elon about that? you were the chief financial officer over there. that seems like a lot. >> yeah, i was just trying to be provocative. i'm a huge fan of twitter and the value is it creates globally and the potential it could deliver for shareholders and for users. i think it's the best content in the world. hay pay virtually nothing for that content tent -- content. i think it's a product challenge of creating an easy to use application, it's hard to unlock that value -- liz: i'm sorry i'm laughing, anthony, but he just tweeted a picture of himself in his halloween costume saying all for $8. so he's going in the reverse direction unless he's just kidding around, which is very possible with elon musk. >> i think he's an incredibly successful entrepreneur, and he will find a way to unlock the

value. i think the governance of having one shareholder that can be decisive, that can air at a rapid rate, that can do the scientific method the way the iteration took place, i think he'll be able to really bring a lot of testing and it rating and so whatever you see today, i'm confident not be the case over the next several months and years as they try to unlock that value. it's not an easy problem to solve, but it is solvable with the right type of iteration and the right unified leadership to execute. liz: he may woo you away, be careful -- [laughter] >> i can promise you that i want to be the ceo of one company, and that's sofi. [laughter] i couldn't be more passion ate -- passionate about what we're doing. liz: thank you so much for joining us, anthony noto. >> with just one week to go until election day, president biden is in florida right now hitting the issue of health care hard as the economy remains the biggest vote iser concern. we'll reveal the latest 2022mi

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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. liz: breaking news, we are exactly one week until election day, and right now this is a live picture of president joe biden stumping in the sunshine state. the president just wrapped up his speech about health care, medicare benefits and social security. he's now off to campaign for democratic candidates in florida's senate and gubernatorial races. edward lawrence has been keeping score on both ends of the battle to control congress.

where do we stand? >> reporter: you see the president glad handing there, he needs those votes in order to help him in certain races there. the president talked about how his plans to spend money would actually reduce costs in paychecks. he said the republicans are trying to end social security, basically, by reuping or voting on it every five years. he made this pitch in florida, as you know, has had an influx of people because of low taxes as well as remained open, basically, during covid. now, the president put a plan forward, he's pinning this on a plan put forward by senator rick scott which not many republicans have signed on to, but he says this election is about a choice, not a referendum. listen. >> the vast majority live day-to-day relying on and medicare and maybe a little help from their families. that that's why i'm going to itbeyb thting for thesra

>>te pntd g innin. g ai pnts that this election is just a choice. listen. >> i'm going to be spending the rest of this time making case that this is not a referendum, it's a choice, a pulse choice. a fundamental choice. a choice between two very different visions for the country. that's what this is about. >> and you can see that even the best case scenario for democrats, they will not come out on top in terms of the majority in the house. the senate more tricky, the best case scenario gives them control of the senate, the worst case gives them three seats, down by three seats to republicans. it should be a very, very tight election, liz. liz: thank you for getting us up-to-date, edward lawrence. folks, we need to show you amazon. it is just pennies away from its session low right now, the lowest level since march of

2020. amazon's falling 6% to $96.27. the low of the session, 9607. and what -- 96.07. what you're seeing here is not any real headlines. and when you get the jolts number and jobs are plentiful, people are not believing at the moment that amazon is the place to be. again, we're very close to session lows. let's go to biomed. look at this gain after johnson & johnson agreed to buy the heart device maker in an all-cash deal. j&j would be pay $380 a share up front. it's at 377 and change right now. shareholders possibly receiving up to $35 per share in cash if certain milestones are achieved. the transaction values the heart pump maker at $16.5 billion. j&j shares off the floor. earlier they were down to about $170 and change, they're at 173 right now.

victoria's secret on the move after the lingerie company agreed to buy online lingerie start-up adore me for $400 million in cash. the new york-based start-up has more than 1.2 million customers who purchase its products online through monthly subscriptions and one-time buys. folks, adore me came on this show, i don't know, 13 years ago when they were just launching, they said we're going to beat victoria's secret. hey, at least they're -- [laughter] worth $400 million. the deal helps vicki's secret expand as they move to change their messaging is since prettying off from l brands. uber beat analyst estimates for the third quarter, that's revenue. the company reported revenue that rose 72% year-over-year. the california-based company also gave strong guy dance for the fourth quarter. uber's see you -- ceo said that the company has benefitedded from a shift of consumer

spending from retail to services, uber up 12.33%. and molson coors, let's see what they're doing, down 3.6% after the i brewer missed on analyst estimates for the third quarter on profit. earnings decline after the maker of coors beer was hurt by inflationary pressures plus a strike at its quebec brewery. and fox corporation is on the move higher here by 6% after reporting earnings for its fiscal first quarter. the parent of fox news and fox business said revenue rose 5% to $3.19 billion from a year with ago thanks to political ad spending leading up to the midterm elections. also saying digital ad revenue are from its tubi platform grew some 30%. fox corporation shares at $30.60 right now. the war in ukraine creating havoc in thing agricultural markets as russia pulls out of the wheat export deal. has the war exposed a major flaw

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liz: globally, prices shooting higher on wheat by 7% after russia summarily pulled out of the black sea grain deal which would have created a safe corridor for ships carrying crops from ukraine. russia suspended the deal after its attack on a naval base this weekend. wheat contracts at the moment, we're looking at hem right now, up another 1.84% as the united nations says three more good vessels actually were able to leave ukrainian ports today. the u.n. says talks are continuing between the two countries and turkey to try to keep the initiative alive. russian president vladimir putin has reportedly said he would reconsider the deal after a

detailed investigation of the attack, but now more than ever there is a focus on finding other grain sources elsewhere in the world. like south america. argentina is the globe's eighth largest wheat exporter, the cup's largest agricultural inputs retailer focusing on fertilizers and pesticides for many crops including wheat. joining me now in a fox business exclusive is the man behind the spac, the special purpose acquisition company, that they will reverse merge with. the production board, is what it's called, and the ceo, david freeberg, is here. what is it that intrigues you so much and makes you think this could be a real answer? >> right. i mean, liz are, you spoke to the acute problem of the wheat exports happening many europe right now, but there's also a chronic problem associated with climate change, supply chain disruptions and this conflict has caused massive disruptions

in fertilizer availability around the world which is going to have a longer-term effect on global ag production. south america seems to be generally more geopolitically isolated. it's already the world's largest ag export market. it represents about a quarter of global ag exports into markets that are in need for calories, and it's growing faster than any other region. so the productivity or the yield per acre that's being achieved by farmers in latin america today is still less than half of what we see in the united states. so a lot of head room till to grow and a lot of upside still, i think, represented in that region. and critically important for food security around the world to see that region succeed, and that's why we're taking this big step via with our spac. liz: this invasion of ukraine by the russians really highlighted, hit up an ugly underbelly of of the agricultural world and that is we appear to be way too dependent on countries that

really don't like us very much. i.e., russia who just with pulleds the rug out whenever they want to -- pulls. what could we do as we continue to see what the opportunities aresome because you do make an excellent point about superimposing the need to find other sources but also the drought that has hit many of these crops. >> yeah. so ag technology really could have a game-changing effect on how we can grow and what we can grow around the world. so today a large amount of ag fertilizer is exported out of russia and ukraine. and that's been kind of one of the bigger issues that folks aren't paying as much attention to right now, which is how expensive fertilizer has gotten. it's now two and three times as expensive as it was before the conflict. over time alternative solutions to traditional synthetic chemical fertilizers are going to start to take a firmer hold

in the market. things like microbials and biological solutions. these are little bugs, little microbes that are put on the seed of the plant before you plant it, and that bug can actually produce its own fertilizer. so these alternative technologies are starting to really take off around the world because of this critical failure we're starting to see in global supply chains for ag inputs that i think is really highlighting, you know, the importance of finding these alternatives. liz: i really need to -- >> so i'm kind of -- i think an exciting moment for ag tech. liz: i need a quick answer on this, but the lantern fly here in the united states, particularly on the west coast, has been unbelievably destructive, and they go for crops like wheat and fruit tree es, affecting our food production here in the united states. is there anything that you guys are developing that would tackle something like this? >> yeah. so not us directly, but i will say traditionally insecticides, these chemical products than be

apply to -- that can be applied to farmers' fields are consistent. there's an emerging class of biological alternatives where you actually, just like the mrna vaccine, you can make rna-based products that can affect just that particular organism and then that application biodegrades in the environment. so there's an emergent class of ag tech companies that are making these rna sewer -- interfering solutions, and i think we'll see more of that over the next couple of years. in terms of right now, this year, i think we're going to see traditional solutions being used to help with this problem. liz: david, i like this story because there are a lot of people worried about genetically-modified and chemically-indicated things so, please, when you go public, we'd love tow -- to have you back. with we are coming right back with the closer's picks andpu charlirce gasparino. ♪

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♪. liz: ranking member of the senate banking committee pat toomey is requesting more information profirms that rate companies on esg companies, that is environmental, social and governance, as republican lawmakers make plans to thwart progressive corporate policies

following the midterm elections. rett's get to charlie. >> a lot of this dependent on the the republicans taking the senate, they feel, i'm not endorsing it, republicans feel a lot of people on wall street because these independent pollsters, not public ones they see, not quinnepiac, "realclearpolitics" average but the independent ones, show pretty at least as of now, could stall later in the week, sharp move towards the gop from independents. a lot of people think the republicans take the house and senate that will have impact on legislation, regulatory matters. toomey we should point out he is retiring. the battle for his seat between fetterman and dr. oz. republican, fetterman is the democrat. presuming the republicans take the senate, not endorsing but presuming, there will be a

pretty big focus on esg. what is interesting he is focusing on the sort of firms that rate people, rate companies on esg performance. proxy advisors do a ton of that. the iss-type firms. "morningstar" is in that business too apparently. he is now demanding information from them as part of a broader investigation. some of the firms -- liz: into what? i mean these guys do what they want? >> wait a second, what are they doing and how does that impact an oil company in terms of exploration? when we obviously need people to drill for oil? this is where it gets interesting. if the whole corporate movement is towards enforcing esg on companies by giving them bad ratings, that means investors don't put their money to work in these companies, is that hurting the nation's economy? people like pat toomey and republicans increasingly think yes. they're going after the esg

movement piece by piece. they will clearly go after asset managers. they're definitely going after the proxy advisors. they want to know what you're doing and how you control this whole debate. obviously, this is a fraught subject. you know a lot of, esg advisors saying we're only giving people what they want, investors. republicans are saying, do investors really care about esg that much. liz: who is for either side to tell companies what they can and cannot offer? the republicans always complain when democrats want to do taxes on certain companies like windfall taxes and here they're trying to insert themselves. >> if there is a political movement that invaded corporate america, pushed by democrats that controlled big pension funds, there is a lot of steam on esg and i will say, liz, that this story is not going away and you know, what is interesting about toomey, again he will hand

this off to whoever, i guess dr. oz takes his place on the financial, on the banking committee, there will be a lot of hearings on this. this is going to be a huge story. it is going to have major impacts on investing because you know, one thing i do know about asset managers, they don't like the fact they have to get their rear ends, sit on a seat and listen to a bunch of hectoring congressman and senators beat the hell out of them over, tell me why you know, firm x doesn't, they don't have enough lbgtq people? why they got a three instead after four? that is what esg often comes down to. liz: lgbtq. >> great, i will remember that. liz: thank you, charlie gasparino. advanced micro devices, moments away from listing third quarter earnings. shares are slightly done. the chipmaker expected to profit

of 68 cents a share on $5.2 billion. forget amd for a moment, it is down 59% year-to-date our "countdown" closer love as different chipmaker and quip equipment-maker. chief manager at wealth alliance, rob. what are you giving up here not amd, but? >> hi, liz, how are you doing. we, unfortunately the tech sector has gotten beat up. i think you got basically high valuations, bad earnings and rising rates and i think people are throwing the baby out with the bath water which could be a little unfair. i think there are some bright spots to be had, and yes, companies like asml, which is ultimately the manufacturer of machines for chip-makers. incredible company. leader in the industry.

33-cents on the free cash flow versus s&p of 16. 27% on 2022 revenue. 25% projected going forward. they had great forward guidance and they are a leader in what is going on. so i think they're pretty poised for growth. as well as palo alto networks. that is a monster in the, in cybersecurity. they're building walls around companies. they're dealing with colleges. all sorts of municipalities, big governments. so you know talking about cybersecurity being up on tax of 21 of 15% and 2025 estimated to be 10.5 trillion in costs. there is a company that is set up to take advantage of that. liz: okay. >> so we're pretty positive on that. liz: yeah, palo alto networks is certainly not -- you're not buying it at the high, that's for sure. robin tell obviously a dow

component. it is also down not as much as amd and it pays 5% forward yield, a dividend here. i kind of get where you're going on that but as we face the federal reserve tomorrow a lot of these companies are looking at much higher borrowing rates. money is no longer free. how will that affect them? >> well a company like intel as you said 5.1% dividend, they're getting money from brookfield properties, they're getting money from the chips act. they're building a 20 billion-dollar facility in ohio. they're estimated, the semiconductor industry to go up times two in 10 years. they're a leader in the industry. [closing bell rings] liz: okay. intel is definitely a one of the leaders. rob, thank you so much. markets open the month of november lower. fed rate decision tomorrow. ♪. larry: hello, folks, welcome to "kudlow," i'm larry