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ime, aun1:35.m. eaern, t vix pun ed uin positteitory a 5-y hi. iftingore, lhow youdee the reaction there, picked up the pace and are extending their fall. take a look at the 10-year yield. we do have the 10 and the 2 on your screen, they had hit highs right before that news and sure enough, boom, they began falling. the 10-year at the moment at 3.802, definitely lower than their past couple of day highs. let's get to the greenback with. the u.s. dollar, considered a safe haven in the world's reserve currency, had been lowered to reversed in the last year and a half. the euro hit a session low against the greenback as investors shifted currency states back to the dollar. again, that's a classic flight to safety. we should check on gold at the moment. gold saw a spike as well. once again we have it up about $5.80. this is the intraday picture.

and we can see that it is off the session highs but, certainly, showing some increases here standing at $1,782. crude oil seeing quite the reversal as well. this morning west texas intermediate had dropped below 85, right now in the aftermarket it is at 86.69, off the session highs of more than $88. russia, of course, one of the biggest players in the oil world and a member of opec, now in the diplomatic crosshairs. we're waiting for much bigger confirmation, but the possibility that this situation may ramp up tension between russia and the west. let's take it live now to edward lawrence who's on the road with president biden at the g20 summit. edward, what have you heard from the administration about this attack on polish soil? >> reporter: well, liz, right now the president's advisers are seeing what you're seeing and the dollar index as well as the treasury, safe haven buying, watching that situation. i can tell you within the last 7 minutes now the nsc spokesperson

tweeted out this: we've seen these reports out of poland and are working with the polish government to gather more information. we cannot confirm the reports or any of the details at this time. we will determine what happened and what appropriate steps to take next. the polish government has already called an emergency meeting within poland of their advisers. here in bali the president says that he has talked with other world leaders about the situation in ukraine including worst casens lio est e segakr, af oreefreofar weapons is totally unacceptable. >> reporter: and the reason this is so important, let's go back to march when president joe biden came out, and he made this statement is, he made it very clear, and i'm going to read what he said. he said, the reason we want to make this clear is a movement on ukraine, don't even think about moving one single inch into nato territory. the one sacred obligation, we have a sacred obligation under

article v to defend every inch of nato territory with the pull force of our collective power. and statements like these beg a response should this be proven true, that two missiles did launch into ukraine -- into poland territory. and last night in bali we saw the russian minister of foreign affairs, sergey lavrov, leave the g20 early. reports of missile strikes hitting two with buildings in kyiv, ukraine, minutes after he left. we're awaiting official word from the president's team here in bali, he is scheduled to close out the g20 session with a tree ceremony tomorrow and a meeting with the u.k. prime minister. i do also want to read one last thing we got from the russian foreign ministry, the ministry the of defense, i should say. they are denying reports that one of their missile strikes hit in poland, also denying they made any strikes near targets in ukraine -- ukrainian/polish border. we're going to have to sort out

over the next few hours and see what the response is from from the u.s. and other nato partners. liz: okay. and i just want to clarify that this is hitting the tape, edward. the white house says it cannot as of yet confirm reports coming out of poland but, again, that senior u.s. intel member telling the associated press that missiles have hit poland and that they did sail over ukraine from russia. we will be watching this. apparently, two people dead. as soon as we get any more confirmation, we will bring it to you. edward, please interrupt us if you get more as well. thank you so much. the markets have recovered the hiccup, but at the open the bulls were popping the bubbly as the october producer price index reading showed headline and core inflation, which excludes often volatile food and energy, ebbed both month over month and year-over-year coming in cooler than expected. that a ppi data rhyming with last thursday's cpi report which

showed consumer inflation also ebbed in october. to the dow heat map where walmart shares continue the march higher. we've got walmart at the very top here up $10.58. let me just get you the percentage move, that's a gain of 7.5%. big move there. shares higher after the big box retailer posted strong earnings, ironically, because it's its, quote, low everyday prices drew in more customers who are on the hunt for better deals to counter inflation. we want to show you the most effervescent reaction, that would be the nasdaq. as you look at the point gain at the moment, high of the session for the tech-heavy index was a gain of about 296 points. holding on at the moment to a jump of 169 at the moment. all major sectors in the green. actually the, i believe that we see a tiny bit of weakness in health care and materials, but tech is particularly frothy at the very top. the winners span the gamut. large caps, alphabet, apple,

both moving to the upside here. alphabet's up 2.67%. meta having a nice day, 2.5% gain. but then names like of course that and workday envoying -- enjoying a sold session as well. the appearance of lessening techs between the world's superpowers, china and the u.s., also a driver. tailwinds from president biden and china's xi jinping lifting chinese-american depository i seats, chinese stocks which trade here in the u.s. they're crowding the top of the nasdaq. wayvery o up 11.5. tencent, 10 is.7%. yd.com also having -- jd.com also having a very solid day. will let's bring in our traders to tackle all of the breaking news, scott redler and sarge guilfoyle. sarge, we'll get to, certainly, inflation which appears to be cooling in just a moment, but give me your sense of these headlines out of poland and what they mean to an investor.

>> well, i mean, it makes most a little more cautious. we have a couple of signals technically in the marketplace that would allow investors and traders to be a little more aggressive. you see something like this, it makes you pause. tomorrow could be a lousy day if things don't go right overnight. i mean defense contractors ran a little bit. they're all coming in now pretty much. only northrup grumman is still up significantly except for a couple of drone manufacturers. that tells me maybe there won't be any if further military action, there'll be some harsh words, but there won't be a response. taking that, i think we could proceed as normal, but i would be afraid to commit too much capital on such a bet. liz: lockheed martin ifen right now is at $465. it spiked to about $474, so

you're starting to see sort of a pattern where the major indices popped up, then fell and then, of course, have recovered at least some of the losses in the wake of this developing story. let me get to scott ed redler. when we talk about what's going on with the inflation picture, one is a coincidence, two's a pattern. that's the old expression, right? >> yeah. traders were looking to see if the ppi would confirm the today a that that we saw last week. -- data that we saw last week. finally it showed9 that the fed was doing its job getting inflation lower. you had a weaker than expected cpi, a weaker than expected ppi, so the market responded well. but s&p 500 4 -- s&p 4000, weak resistance around the 200-day and a lot of big name guys like wilson from october were saying we can get to 4100 before maybe the market starts looking at the pe of the s&p for next year

versus just inflation data, and that could take us backhoer. so traders are trying -- back lower. traders are trying to thread the needle here, and today's news with poland definitely does throw a little bit more complication into the mix. first of all, it's horrendous from from a humanity standpoint, two people killed. you never want to see that. but on the market side, because you have to look at it through the market glasses, there were a hundred missiles fired into the ukraine. two went to poland. it didn't seem deliberate. that's why the market first wanted to assess the situation, went down, and now it seems it's catching its breath. it wasn't a deliberate hit on on poland with, you know, for cause. so i think that we're going to see some debate, and we'll see whether or not things escalate which is what traders will be listening for. liz: we do have, by the way, the state department speaking to the press and, in essence, saying they are working to determine what happened regarding poland and will determine the appropriate next steps. and i don't know if you guys have been watching, but we've got the banners out that the

czech leader is saying this is an escalation if it turns out that it is exactly true that these missiles headed into poland and hit a nato member. that, i think, is what spooked the market so much. sarge, you have liked the defense names like lockheed martin and general dynamics, etc. but on a day like today, x this headline and this story, how do you look at equities at the moment? what did you said today on buying this today, and what did you say, you know what? i'm selling into this rally? >> i was pretty active this morning before all this even started. i mean, to tick -- kick it off, i came many long home depot. i like the name going forward. i added to my lily log, i truly believe in their diabetes obesity drug. i initiated a small target loan because i missing walmart. i don't think either business is really that sharp. i think they have lousy balance sheets, and i think they both

have really poor inventory situations, but it's a trade. i showed a partial in nvidia, i'm up 27 the % in that name in just a few days, a partial of, the j max, earnings tomorrow. -- tj maxx. i complete i ily -- i completely exited disney. i took a short -- up here thinking that if nvidia gets beat up tomorrow, this stock will sell off with it. liz: and, by the way, warren buffett's beck scherr healthawan new position in taiwan semi is a cane that has absolutely been hammered. he also bought into paramount -- he and his traders at berkshire. and most of hem, at least earlier, were moving higher. as we continue to watch owl --

all of this and more, uni's president zelenskyy says russian missiles have, indeed, struck poland. i'm going to work through it with all of our viewers here. we will continue to watch the markets carefully. stay tuned. nobody should move. sarge and scott, great to have you both. thank you so much. we also have this, mt. last couple of minutes sam bankman-fried has emerged and is tweeting his aa parent plan to lessen the pain from the collapse of his ftx empire which at this hour is on the verge of possibly taking down a large crypto lender with it. this as questions swirl over who tried to steal $400 million from ftx's coffers as it was sinking. up next the ceo of crypto exchange cracken. he says he knows who made a multimillion hack at ft, and just hours before it fell into bankruptcy. what are they doing with the information? ceo dave ripley joins us live

right here on "the claman countdown" next. we've got 45 minutes before the closing bell rings, dow is holding on to 52 points. the nasdaq up 170, all are off the highs of the session but also off the lows. stay tuned, we're coming right back with more breaking news. ♪ ♪ ♪ allergies don't have to be scary. (screaming) defeat allergy headaches fast with new flonase headache and allergy relief! two pills relieve allergy headache pain? and the congestion that causes it! flonase headache and allergy relief. psst! psst! all good!

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as ftx founder and and ceo sam bankman fried just tweeted in the last 20 minutes, and here is what he said, quote: my one goal is to do right by customers. i'm contributing what i can to do so. i'm meeting in person with regulators and working with the teams to do what we can for customers. and after that, investors. but first, customers, i -- he says. holt on. i'm now seeing if i can call an awed a bl, he just two minutes ago said my goal is to clean up and focus on transparency and, once again, make customers whole. this after ftx suffered a $400 million hack over the weekend. a hacker tried to loop tether, that's a stable coin, but did not have enough to pay the transaction fees, so the criminal used the crabbingen -- cracken wallet and covered the transactions. cracken now says it has identified the crypto burglar

who tried to move funds from ftx, and that is why the newly-appointed ceo is joining me now live. dave ripley. well, fine time to start your career as the ceo, dave. my goodness. [laughter] let's just get right to it. blockfi preparing for potential bankruptcy. are you guys okay in and i need some real data and some real information about whether you have a liquidity crisis is of any sort. >> yeah. well, it's a great question. it's a question every cryptocurrency holder should be asking, whatever custodians they use, for sure. we have zero real exposure to ftx in this space. we, you know, one thing we'd like to highlight is we conducted our first -- reserves way back in 2014. and i think now we see a lot of our peers scrambling to do the

same. meanwhile, we've already conducted subsequent crucial reserves in two just this year. so i think security of our clients' funds, protection of our clients' funds is absolutely at the top of the list for us, and we take this incredibly seriously. liz: for people who have just landed on planet earth and are just now hearing about this, this ftx, change has collapsed. it has filed for bankruptcy. the founder, sam bankman-fried, no longer the ceo. his net worth has gone from what was $16 billion now down to possibly 0. lots of billions of dollars are missing, disappeared. but with let's get to this $400 million hack that started happening just before the bankruptcy was going to be announced. they tried, whoever it was, to make sure that they could use their kraken wallet, and now you say you've identified this

individual. who is it? >> welsh, you know, we -- well, you know, we identify all of our, all of our customers, everyone that has a kcaken account is, you know, known to us and who they are. so i think the ftx and alameda as, you know, as businesses had accounts on kraken -- liz: is it one of them? can i cut to the chase? is it an executive from ftx? >> well, they had, you know, there's several accounts that we tweeted about and that we have now locked that were kind of original ftx and/or alameda. now, we don't, of course, know the exact individual within the group of companies that, you know, use that account and access to that account at the time. liz: okay. that makes me question the whole transparency thing. you know, if i go to a bank and i say, well, what about these accounts, they know every

account and every dollar. so -- >> yeah, yeah. right, right. so, sorry. entirely agree. a little bit unclear. they're referring to it as a hack, right? and so to the extent that, you know, their credentials were stolen, well, then that would be something that we need to investigate further. of course. but, you know, of course, were there credentials, full stop. liz: what law enforcement agencies are you working with right now with the information you now have about who tried to take that a 400 million and stash it in a kraken account? >> yeah, so we -- i actually couldn't tell you the exact law enforcement agencies offhand, but we certainly are in contact with probably several at this point in time and sharing my information that they need about these accounts. liz: well, i'm pushing you because here's a question that the ftx disaster has really

raised, and that is why should anybody put their money into any of these whether they are wallets, hardware wallets or work with exchanges even if they think and they believe in something like cryptocurrency as the future, digital money as the future? i mean, come on, are we really going to work with paper dollars that are stamped with different numbers? that seems very retro. and i think in ten years, who knows where paper money will be. but, that said, to have the kind of transparency that is required so people have confidence in it is extraordinarily important, is it not? >> yeah, it's absolutely critical. and so, you know, i won't reit rate kind of what kraken does for protection of client funds and all these types of things. but we've long been strong proponents of self--- [inaudible] so this is, you know, with bitcoin, with cryptocurrency you have the ability to take control of your own keys, secure it on

your own. we've been a strong proponent of that. i don't even know, it's tough to say that there's a silver lining among such a travesty here, but the hardware wallet manufacturers are seeing some of the strongest sales they've ever seen right now. so there are a lot of individuals that are moving to self-custody of their cryptoto currency, and we think that's a great thing. liz: yes. in fact, i know, i have your proof of reserves paperwork that shows any holder can actually go on kraken and get proof that their money is there. dave, we are very interested in continuing to follow story, will you please come back? >> yeah, absolutely. liz: thank so much is. dave ripley of kraken. we are coming right back. green on the screen still, juste ca little jitteriness in marke. they make me feel like i've got it all under control.

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only from fidelity. liz: we are just getting more breaking news on the story that has been developing since late this afternoon involving two russian missiles that apparently sailed over the ukraine border and into poland, the nato member of poland. yes, we stress that. now we have ukraine's president volodymyr zelenskyy saying that a russian missile strikes on nato territory is a, quote, significant escalation and that action is needed. the missiles reportedly, we've got this map that we've been able to make here, reportedly struck a polish town about 3 miles prosecute ukraine border.

united states experts and the pentagon are looking into this, there are meetings at very, very high levels at the moment trying to figure out whether this missile strike was intentional or an errant missile that somehow was aiming for something else but managed to slam into poland, reportedly killing two people. the markets are holding on to gains here, but the dow -- which had been up 450 points -- had spasmed down 216 points, below the flatline. and as you can see right now, is holding on to gains of just 28 points. the s&p up 32, the nasdaq up 165, the russell gaining 30 points. all right, some individual names here. a quick brush-up on the latest mergers and acquisition activity. as we reported on friday, estee lauder was mering a deal to buy -- nearing a deal to buy tom ford for $2.8 billion. well, the deal, which could be announce as early as sometimed today, would be the largest ever

acquisition for estee lauder, er td's icsxpand if upon atiicbe meea p lncmes l, hasmanrf pazs.'vgola ab. theattg a glthews eaesone e p t toand change. not such a pretty picture for getty. the visual content marketplace operator down right now 15.33% after reporting disappointing quarterly results. the revenue missed analyst expectations. the company posted a loss in the third quarter. we've got to look at peloton because we noticed yesterday peloton is pumping its legs as it seeks to make a big turn around. shares are popping 8.7%, till

now just $11.90, but it's giving the stock a more than 25% gain over just the past week. today's move coming after tiger tastsemeergeal nas co71esco, wn s i ae g .4 th wryf 2021. we noticed this too, solar stocks sudden wily started shining incredibly brightly. they're having their day in the sun after the federal reserve vice chair for supervision michael barr said today the principal reserve will engage -- federal reserve will engage with a climate plan. a bullish outlook for the sector. the brokerage expects solar to

be 15% of the country's power needs by 2030 versus the current 4. these gains were a lot stronger earlier, but end phase is still up 1%, first sew solar -- solar up 3.33%. the venture capital world cooking with gas, and it may actually be healthy and nourishing. venture capitalist gary tan here live next with his new recipe for success along with the founder of meal kit company gobble. it's a fox business exclusive. and born in korea, adopted by two white parents in philadelphia, kevin cider, do you know this guy? he is huge star of necessary flint's big star concern netflix's big star is taking us on his personal journey if with alcoholism. kevin digs down deeply into how he overcame the challenges to now start his own business,

alcohol-free beverage company sans, which means without in french. it's my latest edition, just dropped a couple of hours ago on my everyone talks to liz podcast. download it on apple, google, spotify. closing bell about 25 minutes away, and we do have the dow holding on to 25 points of gains. we're coming right back. ♪ ♪ ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

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liz: fox business exclusive,-based intelligent foods is bobbling up meal kit company gobble -- great name -- for an undisclosedded price. the acquisition is the first and only profiting bl one mt. direct to consumer food space to date and expands intelligent foods market reach to more than 40 million hungry e households. gobble inc. will now join sun

basket and prove it, a quito supplement kit company --key -- keto supplement kit company. joining me to now is venture capitalist gary tan. gary also a sits on gobble's board and bobble's ceo and founder who will become the ceo of intelligent foods' direct to consumer food division. first of all, congratulations, this is wonderful muse for you. what does this relationship with gary and his company cofor your company which is not an easy business right now? >> yes. well, this is a hard-fought win for us. right now i think that, you know, the markets are a popularity contest, but they're quickly shifting to a profitability contest. so it's a very proud day to, you know, have this kind of outcome and join the intelligent foods family with a profitable and sustainable business. liz: and when you started this

back in, what, in your dorm room at stanford -- [laughter] did you ever anticipate you would be getting a partner like this? what is out it that you need from gary and team? >> wow. well, first of all, i need someone with a long-term view. are gary's leaved -- believed in us from the very beginning from all the flash in the pan and other ideas that came along the way. he invested in gobble in the beginning and invested again and again and made the decision that was right for the long-term wins and not just for the short-term gain. liz: well, gary, what is it about gobble that you said i'm going to get my shoulder behind this? we have covered many of these names that have been either disastrous or out of business or cannot seem to do well as a publicly traded company. i'm talking about plated, i'm talking about blue apron, you know, fresh direct is certainly a success story, but look at all of these meal kit companies. spoon rocket, i remember covering those guys way back in

2014. they don't even exist anymore. so you tell me how you feel gobble's going to be different, gary. >> yeah, absolutely. there's a reason why this is the most profitable in history and really comes back to, as warren buff buffett said, these rings -- things are in the long term really weighing machines. and what we have corrupted is actually best way for fresh food to get into the hands of americans. and, you know, one of the things that really is important to me is that food actually nourishes people, and it's not about preservatives, not about tv dinners. it's about a new category that not only is a new supply chain that nourishes america, but also a new way to go directly to the consumer. and that's manager that i've seen them execute against sort of brilliantly. and the way you can tell why it's profitable is actually retention, and that's something

venture capitalists care about a lot. what are the metrics, and show me how many dollars do we get in lifetime value are. gobble has been off the charts for a very long time. so when you mentioned all of these other names, they were leaky buckets. the retentions were so low that a dollar in would go to ten cents on the other side. and that's really what we're seeing here today, liz, that the best product mt. category has sort of survived all of the ups and downs of, you know, free capital for many, many years. that's why it's such a good story especially right now as interest rates are high and, you know, availability of capital has come down a lot. liz: sure. interest rates high, but we've got a bit of a shaky market, certainly. valuations have come way down, and you are making this announcement just as inflation -- hopefully, it's cooling off a little bit as we saw from the producer price index number today and cpi last week, but consumers are looking

for a much less expensive alternative. i mean, walmart, certainly, was a place that consumers turned to. it just reported earnings. give me your pricing and how you plan to convince a family that's trying to heat their home and buy christmas presents and eat properly? >> yes. well, now under the intelligent foods umbrella, i'm overseeing multiple direct to consumer brands, and that allows us to actually consolidate, fine efficiencies and compete on a pricing level where i couldn't have done that before alone just as gobble. we have meals as cheap as $9.99, gourmet meals that are $16.99, $18.99, and increasingly they're allowing you to create your own basket with items for breakfast, lunch or dinner, snacks, kids' meals and just letting the consumer control it more. liz: gary, aside from this really interesting announcement, we've got the situation with ftx imploding. a lot of venture capitalists put

in a ton of money. we know that sequoia has had to have a multibillion dollar write-down here. it's an atmosphere that frightens venture capitalists who tend to have two temperatures, hot and terrified. your -- you're putting money to work at a time when a a lot of vcs are snapping their wallets closed. what is the atmosphere right now in. >> there's two different types of venture capital, there's early stage and sort of $500 million valuation and above late stage. and late stage is more careful than ever, but at the same time, early stage there's a lot of innovation, you know? in 2008-2009, that's when airbnb started, facebook started and sort of the nadir of 1.0 around a 2003, 2004. so there's a lot of history where great technology is happening all the time, and bobble is just such a good example of that. just bringing fresh food to really everyone who needs it

including my own family. liz: but to the crypto point, do you think this casts an even darker pall on venture capital moer su t vet onnk whap wn aomiclis ypenthet pr wto of state. so great technology is being built all the time -- liz: well, we'll see if people can see through the dark clouds and move forward. thank you, congratulations. >> thank you. liz: want to try one of those gobble meals. we are coming right back. dow is up 97. ♪ ♪

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i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about. ♪. liz: well we were just taking with gary tan about ftx, the former ftx ceo, sam bankman fried has been tweeting his intentions throughout the show to make customers whole after his exchange filed for bankruptcy but are the sins of the now extending to the father? charlie gasparino has -- >> joseph bankman had some input in the company. he was on podcasts with sam bankman fried. he is professor of law at

stanford university. he is prominent guy in legal circles advising on tax matters and venture capitalism. i don't think people would say he is part of this whole thing but he is right now, this is according to the people gone there? liz: gone to the bahamas. >> to the bahamas. spoke to both of them. he is the key advisor and the guy holed up with his son whatever way you want to say trying to figure out this thing. sins of the father don't transfer to the son, vice versa. he is a key player here, from what i understand sam bankman fried is derespond sent met with him, the father is very despondent right now sam bankman fried keeps tweeting out he will make people whole. liz: customers first. >> i'm sorry.

liz: initially i f'd up. >> i understand if the old man who knows the law told him to do that. f'd makes him sound stupid but didn't do it criminally and not intent to defraud investors. maybe that is what they're looking to establish here because people keep asking why isn't this guy in jail? i will tell you this when mf global imploded, you remember the wall street firm run by john corzine, former senator, governor of new jersey, then he went into wall street after he left. he was ceo of goldman sachs before he went into politics, there was a classic run on his bank, on the bank where people stopped lending him money because they thought he took too much leverage after the financial crisis that was a real problem. moody's, one of the ratings agencies put something out that was a run. he tried to rehypothecate customer money, take customer money to meet capital requirements, short term capital requirements. it is hypothecate because you

pay it back, right? it is not illegal to do that, so you know. if you pay it back. what happened with mf global, when it went under, essentially wept into bankruptcy, imploded very fast, once you go into bankruptcy everything seizes up and people can't get their money out. it looks like you're stealing their money when in fact the money is in there. i think i could be wrong, sam bankman fried and his old man are trying to establish that sort of fact pattern. we got blown aby the events, alameda, we were taking money, remember his side fund was losing money. we were you can taking money out of wallets of ftx to the sort of imploding alameda fund and all of sudden everything cape crashing down and we were frozen this wasn't, this wasn't the purposeful. again, it seems that is how they're trying to go about this. remember, mf global, john

corzine didn't go to jabil. nobody went to jail. there was ftc settlement ironically. charges bought by gary gensler chairman of the sec met with bankman fried, working with him the staff for potential crypto, sec crypto exchange that was happening. so this is, you know, six degrees of separation, i get it all but i think that's where sam, sbf and his old man, that is where they're going with this. liz: well the royal bahamian police force is investigating and we shall be watching. >> so what are you saying, he might get arrested? liz: i will wait to see. but that is a fact. we'll be watching, charlie, thank you very much. >> okay. liz: four minutes before the closing bell, president of european council charles michel quote saying shocked by reports of russian missiles crossing

poland into a strike on ukraine. two have been killed. the dow swing today, 266 points. the dow is continuing to lose seem of a rising as much at 450 points at its high. we have to talk about the 13f filing season, right? this is when big funds announce what they have bought and what they have sold. the hedge fund founded by billionaire ray dalio, bridgewater associates went shopping in the quarter. it increased investments in visa, mon today lose, microsoft and alphabet. one of those names making county "countdown" closer pick list. kevin karon. which one? >> mike soft of course. what we're looking at here is a market that has gone through the gyrations of the last year. we've gone from a situation where essentially zero percent

interest rates a couple years ago with relatively low inflation. inflation started picking up. the fed did not respond quickly and as a result the real interest rate which is what really matters, think of it as the accelerator on the car, the fed in july of 2021 had the accelerator to the floor. today what we're see something that the fed is standing on the brake and inflation is cooling which sounds good. however, if the fed stays at 5% interest rates which is what the market thinking they will be at a year from now, and inflation does come down, what that effectively means is that the fed will be pushing harder on the peak. so it is setting up the potential after lot of shuttering in the markets in the next six months ahead. good balance sheets like microsoft or companies with very highly profitable assets or consistent businesses that is where we want to stay at washington crossing, not necessarily chasing more volatile sectors here. liz: are you concerned at all about the headlines hitting the tape, about poland being hit by two russian missiles?

>> of course. there is going to be more information that will have to come out on this and intentionality will mean a lot here. so it is going to be kind of a difficult few hours while we wait for some more headlines to come in. liz: once again kevin is bullish on microsoft, cummins, walmart and clorox. so good to have you back. >> great to be here. liz: in studio. markets are finishing in the green despite the reports of possible russian escalation in the war on ukraine. [closing bell rings] we have got blackrock's rick reader tomorrow. you do not want to miss that interview. he is making all kinds of moves in the markets. that will do it for "the claman countdown." "kudlow" is next. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. so, donald trump is scheduled to speak tonight 9:00 p.m. eastern. his staff is calling it a campaign even with announcement. most folks tnk