second-biggest decline in wealth in history. so, we've got that. also of course earlier today, the new york fed came out with their expectations on inflation. we saw a significant decline in new york fed expectations on inflation, for one and three and five-years, so that's really important as well, and as i said earlier, you know, i like the fact that actually from a contrarian point of view that wall street is really short going into tomorrow. if the numbers favorable, i think we could have a big move. you know we've been moving at least 3% on the cpi number. we might have a bigger move than that let's keep our fingers crossed it's to the upside. right, liz? liz: i'm liking this big move right now 358 points for the dow we'll take it. happy monday, charles, fox market alert, nothing like a merger monday to get the markets juices flowing ahead of tomorrow 's nail-biter of a consumer inflation report and then of course wednesday's final federal reserve meeting of the year. look at the dow, yes, we are very close to session highs, a

gain of 359 points, s&p climbing 34 points, that's good for just under 1%. the nasdaq it dipped into negative earlier in the session, and now look at it it's up 83 points a nice gain of three- quarters of a percent, russel 2000 yeah, i guess it's tied with the dow for percentage gainers here up one full percent up about 18 points. no doubt wall street woke up this morning to the crazy cuplin g and thought well heck it's risk on, let's start with amgen buying horizon therapeutic s for $28 billion. this is all about amgen's desire to go deeper into discovery, development, and commercialization of drugs for rare autoimmune and inflammatory disorders. a nice move here for horizon pharma, up 15.5%. as the acquirer you'd expect amgen to go down but it's really only losing about 1%. wall street really chattering about microsoft going into the

stock exchange business taking a 4% stake in the parent of the london stock exchange. this deal is valued at about $2 billion, could see the exchange move many of its trading products to microsoft's cloud. microsoft up 2.25% and the london stock exchange which is traded overseas up 3.7%. then you've got deals taking public companies private. look at kup axe software popping 26% on news private equity outfit toma bravs spending 8 billion or $81 billion a share, we're at 78.64 so not quite at the buyout price and weber, one of the biggest percentage gainers on the session on the big board we've got it up 22%. the grill-maker heading back to the one that took it to the ipo dance in the first place. private equity firm bdt owns a big chunk of weber but it's now paying $8.05 a share for the 15% it does not already own. the deal values weber at

2.3 billion. weber right now gaining yeah, 23 % to $8 even. and these aren't even all of them. since just yesterday, deal volume is nearing $70 billion, for the week. okay, that's sunday and monday, today, doesn't even take into account two sexy deals we're bringing you exclusively this hour. all earn karp, the ceo of data analytics star palantir just struck a $100 million deal with security and rismiller leaderrer guarda world and its crisis 24 division and they are here in a fox business exclusive. this is a really interesting one on how the tie-up will track emerging risk trends and e- sports just got more competitive with the new merger of jerry jones game square and engine media. ceo justin kenn tax and executive chair tom rogers are here in a fox business exclusive if you know anything that's tim the tat man, huge youtube star when it comes to e-sports but

wall street attention span already turning to what could be the biggest economic report of the year the november consumer price index. inflation at the consumer index that's out tomorrow, some believe this number will drive the federal reserve final meeting of the year, of course wednesday, we will know that's when jay powell & company will announce what is widely expected to be a 50 basis point tightening of interest rates cap ping off the most aggressive rate hike cycle of the year, and quite frankly, in decades. now ahead of it we've got a massive investor battle. can the federal reserve engineer a soft landing or will the economy suffer a hard landing and how do you invest around and through it? to the floor show where we're talking soft and hard landing stocks with our traders kenny polcari and dutch masters. not that we're pessimists here but dutch, you're the hard landing guy. november cpi is expected to come in around 7.3% versus october 7.7% so yeah it's slightly moderating. it's like water torture though. inflation still at multi-decade

highs. what's going to happen here? >> well, liz, i have to say, you're on fire. you sound fantastic, you know? no one used to watch any other show but yours. you've got it all right there in five minutes. liz: dang straight. go on! >> i'll tell you, if the cpi prints a six handle down below that 7.3 expectation, and if the fed raises 50 basis points and that's it, we are really probably going to have one hell of a rally to the upside. if it comes in hot at all, of course i think that we're going to be looking at another leg down. the market charts and stuff are saying that it's going to run down. the volatility there's a ton of call action on volatility today, so somebody is making massive massive bets that we're going to see , you know, kind of a hot number and things are going to come down. i have to tell you sometimes we will make a pretty big bet one

way or the other at carnivore. this time, we're going to get pretty small into this. i think we're probably going to get most of our positions down to very small numbers prior to the print, because just about anything can happen here, and i don't usually take that position but i really think it could go either way. liz: i mean, you guys, just look at dutch. he eats, you know, brontasaurus for breakfast so to hear him say hold on we'll back off a bit but kenny polcari puts out a pasta dish on his morning note every single day so he's ripping on jay powell and then he's like have the clams, you know, casino, but okay, so that leaves you with a soft landing stocks, kenny. what do you think, and i know that's hard because you are kind of leaning toward a hard landing for the economy. >> yeah, i mean, i'm in dutch's camp. i don't think we'll have a soft landing at all but if you asked me, if you believe there's going

to be a soft landing, if you think the fed will be able to navigate you should backup the truck and start buying the stocks that have gotten way, way, way, beaten up because everyone's expecting we'll have this hard landing and stocks have sold off big and you know who they are right? communication stocks, they are the cyber stocks, they are the semis, right? all getting crushed. they are some of the tech names, right? they recover a bit but some of the tech names are still getting beaten up at least the big names we talk about but if you think there's going to be a soft landing you should be buying amazon, nvidia, amd, verizon, even telephone which by the way didn't cut their dividend and it's a core holding anyway, but i'm not in that camp. i'm with dutch. i think it's still going to be a hard landing so i'm overweight ing the stuff people need right? energy, healthcare, utilities and staples. liz: we just hit a new session high here for the dow, guys, up 390 points, s&p up 38 points. dutch? i mean the markets are raring to go here, but i find something

interesting. it's rare that you see equities moving higher and then you see the vix also moving higher. put the vix up on the screen if we could. this is the volatility or fear index for wall street. it's popping about 8%. it's not that the 24 handle is so bad but what is this telling you? >> yeah, so there's some kind of miss-pricing going on here. they are buying a ton of calls, and looking for , they are looking for the vix to just explode, okay? and that's why this thing has been printing up high all day, and so something has to give, okay? either the indexes have to crash down here or the vix has got to come down, and so we're in the camp that it's more likely that the indexes will fall between now and actually the close. we've got a lot of shorts on right now and we're going to try to close those out before the end of the day and not get hurt too badly, and then just be really small. we like what kenny said. i mean, the longs that we've got

are really the biotech stocks that we've owned for sometime that have done real well for us. those will be kind of a hard landing. healthcare like kenny said exactly. healthcare, biotech, and the semis look very very interesting to us because they have been smashed so badly and if we do get some kind of a run here, to the upside, the semis are going to explode. we've got a military-type of importance to shifting the manufacturing and the fab of these chips to the u.s. , so we think nvidia and some of the others are really in a position to win. liz: you both like nvidia. look at this the dow is now up 404 points and counting. i think it's the polcari-masters effect here real quick here, kenny. when you talk about the yield curve inversion which is a screaming sign of recession

between the 10-year and two-year it's so wide and i was looking at status because i'm a nerd. there's never been a soft landing with this degree of inversion ever. what do you say to that? >> it's only getting worse. we're about 80 basis points wide , now two weeks ago they were 25 basis points so the fact that its gotten wider over the last couple weeks suggest to you that the market is thinking that it's going to be a hard landing and it's going to be longer and deeper than what the market was expecting, and so that's why i'm still in that camp that it's a hard landing and i'm still invested but i'm playing it safe and i'm over weighted those names i told you but you have to be concerned because the two and 10 is telling you that it's not only is it coming. i think it's already here, but whether or not it's here or not it's coming and that it's going to be longer and deeper. liz: i'm going to do the old cliche, wall street climbing the wall of worry now dow is up 44 points and climbing. kenny, dutch, great to see you both really appreciate it. merger monday hitting gen z's

favorite pasttime, dallas cowboys owner jerry jones isn't just looking for an nnfc playoff spot for america's team he's grabbing the controller and aiming it straight at the e-sports world. jones is the biggest investor in game square which is joining the nasdaq for a tie-up with engine media. can they battle the market forces for the win? the ceo and the executive chair are here, next in a fox business exclusive. oh, yeah we don't get tim the tap man but you've got to see this guy in action. closing bell ringing in 49 minutes dow is now up 424, where is this going to end? you have to stay with the "clayman countdown." we're just heating up. back in a minute.

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liz: well i was watching a cleveland browns game but it was a stunning nail biter in dallas yesterday as america's team put together a 98-yard drive in the final minutes to beat the houston texans 27-23 yeah, nerve racking i'm sure for the cowboys. the owner jerry jones cheering the win when it wept down to the wire but today one of the other major investments he is plugging into is a new partnership. gamesquare esports incorporated an international digital media company with all kinds of tentacles is merging with engine gaming and media in an effort to boost audience engagement and outreach. the combined company will betrayeded on the nasdaq and will adopt engine's ticker symbol "game." joining us in a fox business exclusive tom rogers the executive chairman of engine gaming and media and gamesquare and justin kenna the ceo of game scare esports incorporated.

justin, i'll give with you aside from one of the best tickers on the nasdaq, you got "game" that is amazing what piece of these deal with engine media attracted you most? >> yeah, we're really excited. we've been huge fans of engine media for sometime. we're actually currently a customer of side kick so we see this transaction as being really accretive and it adds to our segments and our offerings in terms of adding in social analytic offerings to brands as well as strengthening existing segments being media and programmatic offering gets us to revenue scale, we believe a real accelerated path to profitability and we made no secret in wanting to get to nasdaq and reliables in the u.s. , so to us this helps us achieve medium to longer term goals in the short-term. liz: yeah, we'll get to profitability and revenue driver s in just a second but tom i turn it to you because you are

one of the most knowledgeable people at the forefront of media , gaming, technology, and in fact it was you. i want to say a couple of years ago, you started raising the flares saying that legacy media, legacy television were really in trouble, dying on the vine, nobody wanted to hear it. that's when you started rolling up all kinds of companies for engine media. tell me how you feel that this was the combo to make now? >> well, as you put your finger on something really important, which is traditional media has a number of problems, but maybe their biggest problem of all is not being able to deliver the young audiences that traditional media and sports on traditional media have always been able to be there for advertisers and sponsors, so what justin has been able to do is put together a company that has 220 million touchpoints of young audiences particularly young males that traditional media no longer are

delivering and as justin said we deliver the tech platforms that amplify that and together it really becomes an end-to-end solution at-scale that is a one stop shop to figure out how advertisers, because of cord cutting, who cannot get those young demographics any more can find them through the new gamesquare. liz: well it sounds like, justin what tom is saying that you as a combined company that has everything from a talent agency, you do esports tournament structuring, you've got pr, marketing. a lot of moving pieces here. which part of it are you most excited about and you think will be the revenue driver that gets you, i believe you said profitability by 2023. >> yeah, so i think the easiest way to think about gamesquare is through three main segments. connecting with youth audience being one, esports as you mentioned and agencies and three for our creative services which is content and merging consumer

product. what this does is adds in as tom was saying the analytic tools that we're already guiding brand s by using from stream now to have those capabilities internal, as well as to go to these big game publishers to these traditional sport and entertainment companies being partnered with companies like the dallas cowboys who are, you know, all trying to reach this youth audience. we're extremely excited by the revenue but also the margin expansion we can achieve together. liz: justin, i don't see jerry jones with a console in his hand , shooting at zombies from fortnite to save the world, but he saw potential with john goff 20 years ago to found complexity which has of course the e-gaming team. how involved was he there and how involved and in what form do you expect jerry jones is going to take with gamesquare and this new engine media, you know, merger, together. >> yeah, i mean the jones family are extremely excited by

this partnership. they've been incredible help and support. the jones families both are represented on the board through tom walker, the cfo of the dallas cowboys and travis go ff, they continue to be really big supporters not only through the all stock transaction we did last year with complexity that continued to invest in the company as well as we've struck a commercial agreement between our media and marketing agency and the dallas cowboys to actually future proof the cowboys brand and help bring gaming strategy to their core product and i think jerry and the jones family realize that gamers really are the consumer economy of the future, so we expect them to be continued support in this transaction moving forward. liz: it's certainly, tom, making more money these days than traditional entertainment film, it surpassed all of that. >> yeah, people may think that

gaming was only big during the pandemic and it began to slow, but esports has actually grown in terms of viewership. 40% year-over-year, 50% from the peak of the pandemic. liz: really, when everybody was stuck gaming? >> 50% from the peak of the pandemic and over 70% pre- pandemic, so you're continuing to see this massive audience develop that is just what advertisers want, navigating through it, having the data and analytics to make it efficient and productive. that's what the combination of engine and gamesquare does and by the way to your question on justin, related to the cowboys, justin's whole team is embedded in the dallas cowboys facility, and the incredible model that they have in terms of training and all of the other elements of a truly sports esports complex

there, embedded in the dallas cowboys headquarters is really something and justin has been able to develop a culture around the company that is able to take that. liz: let me just finish up by saying that the market has punished small cap esports media technology companies very very hard. you can look at some of the competitors out there, over active, phase clan, all of those names are just getting crushed over the past year. when can you really promise it's going to be profitable, tom, in 2023? >> well, digital media, sports tech they've all been crushed and crushed badly. both companies are growing really nicely on the top line. what the market is looking for is cash flow profitability and by merging these companies, the focus for both of us was how do you create scale. scale accelerates cash profitability and with that, we think we can really offer the market something that's a great investment. liz: justin, i just want you to know that our investor audience, which is very focused one, seems

to be very interested in this. the stock is jumping about 37% right now. it was up 6% before you and tom came on, so it's a great pairing to really smart guys in this industry. good luck and we'll be watching it, thank you so much. >> thanks, liz. liz: good to see you both and can't wait to see jerry jones playing with the joy stick here. all right, elon musk outright begging bots and trolls to attack him on twitter as the ceo of the social media giant takes a second crack at his paid verification feature twitter blue, only this time, listen to this. those of you with a certain kind of smartphone are going to be charged more. how's that going over? we've got a live report straight ahead. closing bell 36 minutes away dow jones industrials continuing to climb this wall up 460 point, s&p better by 47 and the russels kind of on fire here up 22 nasdaq gaining 114. we are coming right back. how can you not be with us?

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liz: fox business alert, at any moment now twitter is set to re-launch its twitter blue subscription service. elon musk had suspended the program just days after its rollout in november after fake but verified accounts simply mushroom. a little bit of a disaster there twitter says the service will be

$8 a month for web users. oh, but get this , folks. if you use an apple iphone, he's charging you more. you will pay $11 a month for access. let's get to susan li with the latest. how that's going over. susan, twitter also updated its terms this weekend to require phone number verification for users who want to purchase the subscription that's good to avoid bots but i can't imagine that iphone users are thrilled. >> [laughter] exactly, if you're paying a few dollars more per month than everybody else, so no blue check marks if you've changed your user name, your display name or profile picture in the last seven days and not if you haven't used your account by the way in the past month and new accounts you all have to wait 90 days before you can actually apply for your blue check mark so we're just looking at these official blue check marks by the way. i have noticed that the accounts on apple, microsoft, twitter, itself, these check marks have gone gold which was always intended and that's for the

corporate accounts, the official ones and politicians will soon get the grey check marks instead of the blue ones and this new twitter blue, it's going to cost you more of course if you sign up on the iphone so as you mentioned it costs $11 and $8 on the website and twitter says it's to makeup basically for the app store fees of 30% that you have to pay extra for , so what do you get in this monthly fee? well you get prioritized tweets. you get longer videos and half of the ads everybody else does, and another part of this new twitter 2.0 under musk as you know, liz, is bot control and elon musk waging war against the machines and what he calls troll armies. now he tweeted that it's really a small number of humans with large bot and troll armies. we are shutting down ip address es of known bad actors today, should have done so a long time ago. absolutely agreed. musk, you know, he's always contended that it's at least 20% of twitter's 200 million daily users that are bots. you know, we have previous

management and that management fight saying that it was around 5% which musk argued was a lie which he used to try to walk away from the deal ultimately forced to close and one research group, saying almost half of elon musk's own 121 million followers are fake accounts, and that's pretty much the same across all the big influencers think of kim kardashian. 45-43% of those are fake accounts, so this bot crackdown really coincides hopefully with this twitter blue launch we're getting later today but anecdotally tell me if you've noticed this but i've faced less spam responses to any crypto or nft tweets that i've put on the website over the platform today so i think there is some bot control taking place right now. liz: i'm still, when i get criticisms, i see and i just all i did was check how many followers the critics have and it's like two and they never posted. >> yes, zero. liz: are you going to pay for it susan? you and i are both verified. >> i don't think we have to and

we'll see if he actually changes it in that verified accounts, the old ones, the ones that are already grand fathered in have to pay but you know i would say that a lot of people would say they don't want to pay $8 or $ 11 a month. liz: well i'm on an iphone. he's gouging the iphone people. all right, susan. good to see you thank you very much. susan li, tv is her twitter handle and she is verified. fox business alert markets are hitting session highs. every minute of this hour has been very exciting here. dow jones industrials now up 491 points and climbing. we've got the s&p now at 50 points, the nasdaq 117 to the upside. we've got to tell you about rivian automotive. it's telling mercedes benz of all companies, we're going to get back to you. we're a little low on cash. shares of the ev maker are down 5.6% at this hour after the company said it's pausing its joint venture with mercedes to build electric vans in europe because it needs to conserve

cash. it has been a tough year for rivian, it posted $5 billion in losses during just the first three-quarters of the year. for its part mercedes says it still plans to build first electric-only vans plants poland goldman sachs on a retail rampage, the firm upgrading both gap and tapestry from buys to neutral and raised the price target from $10 to $18 and you have gap at 14 at the moment saying earnings growth will support share outperformance. goldman also hiking tapestry's price target to 44 from 37. it's exactly at 37.38 right now, saying that the parent of coach among other hot names will benefit from strong brand momentum and china reopening. now, separately, goldman cut cheesecake factory and chili's parent from a sell to neutral and cut to $29 and 35 a share

from brinker, and it was cut to 28 from 31, goldman saying 2023 will be a choppy choppy year in terms of sales and profit margins for chain restaurants. finally, a slam dunk for under armour following a stifel upgrade to buy from a hold. under armour powering higher by about 10.8%, stifel raised these athletic apparel makers inventory management saying it gives the company better profit margin certainty. and we have some breaking news, coming in right now on the lockerbie bomber. the arraignment situation where this stands and this question what if that pan am terrorist attack could have been prevented with intelligence and data the airline might have had in advance. two major data tech and security firms teaming up to combine resources that could protect other companies from deadly threats. the ceo of palantir and guard-a- world join us next to talk about their tie-up.

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liz: fox business world exclusive here, as the globe becomes a more dangerous place, palantir is packing another partnership punch adding to its long list of private and public collaborations this quarter with the project that could revolutionize security and risk management ink across whole world. the data mining firm has penned a multi million dollar partnership with gardaworld's 24 , that is a canadian-leading risk management and crisis response firm. using palantir's foundry platform and artificial intelligence, crisis 24 will

leverage critical information on terrorism, geopolitics, and crime, to better understand the current threat landscape and protect the world's most influential people, organizations, communities non-profits. palantir ceo and co-founder alex karp and gardaworld founder and president stefan cretier join me now live and exclusive. alex, give me your best possibilities on what you believe this partnership can do for clients. we have viewers listening who say i'm trying to visualize the real benefit here. >> well, first of all, stefan and garda are the absolute leaders in this field and what we've seen in the anti-terror contest and the war context is if you take cutting-edge algorithm-driven software platforms and take the best data sets in the world which garda has, you can get way ahead of adversaries and quite frankly outperform the competition so we believe

will happen is just a next generation dynamic business that both provides a lot of value to clients meaning disrupts criminals and terrorists which is core to our mission but also quite frankly disrupts competition because they have among the best data sets one of the most interesting companies in the world and we're very bull ish on what we can do with our government products and commercial products in this context. liz: when i think about gardaworld, stefan, i think about so many different ways that you are in the security business. this is not just oh, we do cybersecurity. you have actual security people guarding all around the world. when you started to talk with alex and the palantir people, i think about initial merger talks if i were a fly on the wall i'm hearing you say we could do this , we could do that. what do you hope is the number one thing that comes out of this merger? >> well first of all, we're really two entrepreneurial companies who lead in their field and are not afraid, you know, to really innovate in this

business, plus both alex and i are really addicted to growth, so already there's a cultural fit here, but really, our partnership focuses on really two ways. because of the volume of risk analysis we produce and our clients needs usually our analysis will cover one mile wide but mostly hundred feet deep. where we get excited with palantir's founder software capabilities it puts our ai capacities on steroids and we will be in a position to produce analysis that maybe only a hundred feet wide but really one mile deep. it gives us incredible capacity to go deep on really specific topics. liz: right, so you input is probably the better word, alex, a lot of data and you can see what? trends? possibilities of maybe terrorist attacks? and i bring this up because right now, an arraignment is

happening of the alleged pan am flight 103 lockerbie bomber. we've got a camera outside there but abu agila mohammed is the one they have arrested and about to be arraigned on this and is it a stretch to have said if they have the foundry and gardaworld and the opportunity to put your expertise together to work, could something like this have been spotted beforehand? >> well you know, it's always very hard to go back in time but what i can tell you is in the last couple years, some of the largest terror attacks in the world have been disrupted in the palantir product. those disruptions changed the course of history, made it so that we have still democratic governments in europe which i'm not sure we would have if the terror attacks have happened, made america safer and stronger, and have led to a very different outcome on the battlefield in ukraine.

what we have here is a truly entrepreneurial talent and one of the most interesting companies in the world but quite frankly, independent of all of that just one of the largest most intricate, interesting data sets in the world and if you mirror that with the power of advanced algorithm work that can be done in foundry, you can disrupt terrorists because often , you know more about their behavior than they know about their behavior, because in fact, they throw off a pattern they don't realize they are throwing off and that allows you to disrupt the terrorist criminals and other people who are plotting against you, and so these kind of technologies make us safer and freer and one of the ironies is liberty-loving people like me and stefan build these technologies that really do outperform people from human rights abusing countries like many of our adversaries. liz: real quick on the stock, alex. you just announced last week and we had one of your top executive

s on talking about a multiyear deal with the platinum version of everything everybody wants to be in healthcare. the cleveland clinic, now you've got another one with the tampa healthcare giant here, tampa general. you are striking deals right and left doing exactly what a company dreams of doing, and yet it's not being reflected in the stock. i know you're going to say, we don't look at the stock day-to-day, but how do you get , forget wall street. how do you get our viewers, look it's up 2% right now but everybody else to say you know what? this one is one i really see long tail. >> well this is the thing. while wall street and other people ignore us we're printing free cash flow, growing our client base, disrupting the market in america, especially england, canada, winning the best partners like g arda, and of course the markets shift and when they shift you'll see a massive integral of revenue, the deepest en trenchment of most important products that can't be built by other people with the best partners creating

value like with garda that can't be matched, and yeah, that's why i'm very bullish on the long term health of palantir and that's where we're at. liz: i would say this. alex and stefan i feel better and safer in a very dangerous world when companies like yours get together, smartest guys in the room go for it and we'll be watching to see about that massive integral revenue so come back again. >> take care. >> thank you. liz: alex karp and stephan cretier. we are coming right back again we do have a big rally up 463 points for the dow, lots of green on the screen. don't move, charlie gasparino has got is some news to break in just a moment. at prudential we think you should say it when things go right too. like, when you score your dream job. sell your business. or discover she's smart... really smart.

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♪. liz: well it turns out sec chairman gary gensler met with sam bankman-fried the crypto kid a couple times this year. charlie, you have information. >> this is interesting on the backdrop of this hearing going on tomorrow, the house financial services committee is holding the first of what will be probably many confessional hearings on the ftx blowup, the various controversies around it. there is ongoing investigation both criminal and civil into the

missing $8 billion worth of funds which they still haven't found yet. sam bankman-fried also known as sbf is expected to testify tomorrow. liz: via remote. >> remote from the bahamas. so what is interesting about this, i think one of the layers, you will get this from the republicans more than the democrat, the democrats as of now control that committee. they won't i think after january 3rd when the 118th congress comes in, one of the things republicans hone in on what was gary gensler doing with sam bankman-fried not just once but twice? don't ask me how we missed this. there is a whole controversy right now, a great story on foxbusiness.com by tom castunicci, gary gensler adding stuff into his calendar, like a meeting with george soros. i don't think this was added. i could be wrong. i will look at my notes. i don't know if he added this

one but the bottom line is, gary gensler met with sbf twice, once in october 2021 and recently in march iex to propose a new crypto exchange. he is not exactly unfamiliar guy who is one of the most controversial people who is facing potential civil and criminal fraud charges, could end up in jail, whose actions may have led to the, sort of disappearance of $8 billion worth of funds that will be one of the focuses we understand tomorrow. exactly what is the relationship? now we should point out, his name is tom catonicci. liz: fox business reporter, fantastic job on foxbusiness.com. go on foxbusiness.com. there is amazing articles there. >> particularly adding names n i don't want to say that this name was just added in, and kept off the public calendar. i don't know that but you know,

his story caused us to look. we saw that sam bankman-fried was, pops up in october. so they're not, not sort of, they're not unfamiliar with each other. again this will be a big line of questioning for republicans going forward and we should point out there is a criminal case being worked on. a lot of people think his girlfriend, who ran alameda -- liz: caroline ellison. >> a lot of people think her hiring of wilmer hale big time law firm, tons of connections to the biden administration, prelude to her copping a plea deal. liz: the first to squeal gets the deal. i learned that on "dateline" nbc. >> were you on "dateline"? liz: no. i just, i watch it. >> oh, okay. liz: crime, true crime. >> we also call them in italian-american vernacular rats. just so you know. >> all right, no. listen, the truth will out as

shakespeare said. >> cooperating witnesses. liz: charlie, thank you very much. did you see, can we bring up game? we were just interviewing the ceos of games square, the executive chairman of game, engine media. they have put together a merger and looking at them right now after doing this interview, you have game square which is traded on the toronto stock exchange. it will take engine's ticker symbol on the nasdaq. engine up about 90%. a lot of people believe in this one. jerry jones, the cowboys owner, who has his finger on the pulse there. >> rats. liz: he is one of the biggest holders, shareholders there. >> all rats. >> joining me now with one billion under management, cut charlie gasparino's mic, goodness gracious, we have private wealth management chief investment officer michael lanceburg. oracle set to report earnings

after the bell. that is large cap tech stock. people are squeamish about anything smaller tech. all investors want these days with cash flow and profitability. you have three names that you say do exactly that. let's talk about them. >> none of them are tech. go on the record saying that. i'm squeamish owning anything in tech. liz: yeah. >> we're looking for stuff transparent. i like a couple health care names. there is industrial name i like, i like customer, customer's ability to spend. that is booz allen. liz: i'm looking at eli lilly. there is a lot of news over there. it is up 1.6%. it has real opportunity when you believe it will have the 2023 investor call, i believe it's tomorrow, tell me exactly what you expect in terms of revenue from what we keep hear something this type-2 diabetes drug which could be a real game-changer. >> it could be. this is entire class of drugs. they're not only one in the

space. what is happening they have got issues, first of all, a1c diabetes control drug. secondly it is working very well for weight loss. you are having drugs oversubscribed. call your local cvs or walgreens, you can't get them that typically a good sign for drugmakers. this is not one take it be done with it. this is life time, life-style maintenance drug, this weight loss/diabetes will be a huge deal. really hasn't worked before. a lot of drugs in the space haven't worked. the drugs i'm thinking of in particular lily's, shown a 15% reduction in overall weight loss. that is big number to move it. getting more and more approvals you're on the ground floor in three-to-five years as secular trend in obesity. liz: michael, we have a huge number tomorrow, november consumer price index. inflation at consumer level. wednesday is the first federal reserve final meeting of the

year, what do you think will happen? how will the market react? >> it is tough to judge. inflation in our world peaked back in the summer, 9/1. i think you will see decline from.7 -- 7.7. i think what is happening market participants focusing too much on what the number will be. what it tells me we'll have inflation higher than longer, fed keeps rate ofs higher than longer. that is not good for stocks. you have deceleration. [closing bell rings] liz: good ahead of the number. i cannot say close considerably higher close to the highs of the session, with the dow up 515. tomorrow will be a rocking final hour with november cpi. ♪ larry: hello folks, welcome to "kudlow." i'm larry kudlow. okay, new budget numbers just released today, show the brief post-covid era of fiscal