sudden. by the way that is going to happen here as well. remember, they tried to free market approach, but take a look a little bit of movement today onioned meat but they are about 90%, 70% down because the demand doesn't match the hype and then the same thing with hybrid cars and electric cars we compete head-to-head with combustion engine vehicles obviously this isn't going to happen. this is powerful folks and i wonder if it can be stopped. it might be too late but if it's not, we will never truly be a free nation. i hope that doesn't come to pass anyway i'm driving my t rex gas guzzler until they make me stop. liz claman, over to you. liz: [laughter] yeah, but if you drove my electric vehicle you wouldn't have to go to the gas station and use up all that time, charles. charles: yeah. i love spending half an hour at the gas station. [laughter] liz: [laughter] yeah, because you get to buy all the sweet tarts and yeah,

baseball hats. i love those stores too. good to see you charles thank you so much on this friday. the bears are barging down wall street, clawing at stocks and drawing blood in a now three-day long sell-off still in full swing as we kickoff the final hour of trade so let's tackle this right now. here we go the dow jones industrials down 348 points low of the session a loss of 547, the nasdaq is also in the red we have that down about 122 points, s&p down 48, and so it has been such a rough and tumble week overall. if you just check the dow picture, early in the week the bulls were rested and ready and this goes for the s&p and the nasdaq. monday's performance added more than 500 points to the blue chip s. tuesday, the dow soared more than 700 points intraday on that softer november consumer inflation report, but only held about 104 points of it by the closing bell. wednesday investors started to get skiddish after fed chair jay powell & company hiked rates by

another 50 basis points that was expected, and yeah, investors are now trying to forget what happened yesterday when the blue chips lost 764 points. so let's zoom in on our up to the minute dow heat map, amex, intel, salesforce, verizon are among the worst performers on the dow. you can see just three names in the green. caterpillar, amgen, and boeing those are the only blue chips, well, there goes boeing. boeing at the moment, but just barely peaking higher for caterpillar and amgen and if you can, note nike. it's down more than 2% or $2.83 at the moment. in fact, you know, it is one of the worst losers, second-worst loser here which makes me think we really need to show you more high end retail sector names. they are getting stripped right now on fears the consumer is retreating at the same time that the fed says it is not done raising rates to battle inflation. so you've got vf corp. down 4.5% off the lows of the session actually, tapestry is down 2%

same with capri holdings, polo ralph lauren down 1.8% bath & body works down nearly 4% and tech suffering the same as the dow only worse after decent gains to kickoff the week wednesday the reversal began with an 86 point loss followed by yesterday's more turbulent drop of 360 points. you can almost pin point the markets overall sharp mid- week reversal to a point during fed chair jay powell's press conference wednesday afternoon. remember this? that is when he repeated the newest it matt for the terminal rate meaning how high interest rates may ultimately have to rise before he and his federal reserve team will pause the rate hikes. september, the fed had said we'll stop at 4.6% but now, yeah , they need to see it go higher 5.1%. so the fed does appear to be working though and slowing the economy but will it stop the stock market dead in its tracks? to the floor show on this friday

, we have to get kpm g chief economist dianne swonk on because she knows better than just about anyone how to read the feds projections and trader scott shellady is the guy to tell us how investors might shift direction next week. dianne we're going to begin with you. two things have happened so far today that underscore the fed's efforts. we got the flash pmi, the manufacturing health read for december, actually both manufacturing and services, both numbers missed. then, the "wall street journal" broke the news that according to sources the financial giant, goldman sachs, is going to lay off 4,000 employees or 8% of its workforce. goldman down about 1%. you know, should the fed pause right now, dianne? >> they're not done yet and i think what you have to look at is we're still at 7% inflation even with the core inflation we know there's some kirks in the data that the slowdown at around 6% on the cpi is not

really that much of a slowdown. it's showing declines in medical services which we know are actually going up and it's because of a quirk in the way the cpi measures that data which lagged about a year so i think it's really important from the feds perspective is they are looking at the economy saying listen, we understand this is painful. we're not happy about it, but at the end of the day, not only do we think we have to go above 5% to bring inflation down, we have to hold it there for a whole year, but seven participants at the meeting had more than that in terms of rate hikes and two participants at that december meeting actually penciled in a recession, something that is implicit in the fed's forecast, but never usually see it explicitly said and i think the fact that they were even willing to go there is important as well. liz: and dianne, stocks really got crushed yesterday under the weight of four central banks over the past 48 hours including

the u.s. all raising rates by 50 basis points. listen, the ecb, this is the one week picture we could show you two days galore, the e cb christine lagard said just because she went from 75 basis points to a 50 basis points hike yesterday, she said "this is not a pivot, this is not a slowdown" which leads at least some people, some investors to fear that we might face a global recession. where do you stand on that? >> i think the risk of certainly a recession in europe is already there, very very high , and in fact, we saw at the jackson hole meetings back in august, which i was at, you know , the meeting was sort of book-ended by jay powell's eight minute 34 second speech where he said listen, it's price stability, over full employment and the fed now believes the non-inflationary rate of unemployment is higher than it once was at 3.5% that they were able to get down to pre-crisis.

that's important. the other end of that was the e cb who basically said we need a recession in order to derail what's becoming a more systemic inflation and i think that's not changed. the message has not been reached by financial markets though. liz: well, the dow is off its lows of the session here, but as you look at what investors are anticipating, i would love your prediction on when we see a pause. are you going to hold steady to that 5.1% terminal rate that the fed promises when they will pause? >> oh, in terms of the pause? i actually think the fed will pause at 5.5%. i think they are going to go a little higher. they have been chasing this up and i think they have to come down a little quicker but not a lot quicker. they really are worried about a floor building on inflation, and you know, that is something to

worry about. they don't want to repeat the mistakes of the 60s and 70s and that's why they are full-in now. they are choosing what they see as the lesser of two evils and that's taking a modest rise in unemployment which is not modest to anyone that gets laid off we know that but they are taking that over the brutal back to back recessions that it took to break the back of stagflation in the early 1980s, so that's their game plan. it's not, there's no easy way out of this from their perspective, and it was interesting that fed chair powell at his last speech before this meeting actually talked about legal immigration changes to legal immigration to change what he sees now as a secular labor market shortage rather than a cyclical labor market shortage, because without changes in our labor force, we've got people who have retired out much more rapidly and they aren't coming back. that's the biggest problem we face right now, and given that, without more younger people in

the labor force, we're going to be constrained and have the imbalances that we have. what he wants to see is inflation come down faster than wages, so that real wages, inflation adjusted wages, can accelerate that sort of nuance often gets lost in translations on these debates. it's not that the fed is against wage gains. they're against eroding wages. the problem is, bringing inflation down faster than wages come down is no easy process. liz: yeah, he referenced the balance and that it's a bit dislocated and needs to get it more in balance. dianne thank you very much so dianne is saying 5.5% which is higher than the 5.1% that the fed spooked the markets with let me bring in scott shellady. it's triple witching friday, $4 trillion in options are set to expire. is the ground too shakey under foot to buy stocks or are you dabbling right now? >> well yeah, it's a little, i still think we can get , we're going to get better prices that's the best answer so yeah, it is shakey and especially with

things like what's happening today. to dianne's point i agree that in order to break the back of inflation, liz, i think they are going to try to break the back of labor. i know that they've said it outloud they are willing to put us in a recession and see that unemployment rate rise but there comes a point where the cpi gets really sticky because we have high labor in there and they have to have those people out on the streets if they want to get back to that 2% level which i think is unrealistic for them in the short-term and i think the market would like to hear what i say that i think the fed pivots not going to be a pivot. it's going to be, they redefine their mandate to maybe 3% or even 4% an that's when the market really takes off but until they realize that 2% or bust is more and more looking at bust, we're going to have a rough time here and that's why i think the stocks will be a little bit shakey and you'll get better prices. liz: you know you're wearing the cow guy jacket, which is your thing, and we've got a banner that says the bears are

bum rushing the markets, and i guess the bears at the moment, dow is down about 400 points i'm not laughing about that, but you know, we've got higher interest rates. dianne just said the fed is probably going to go even higher , 5.5% and by the way she knows. >> totally agree. liz: she understands, and you agree to that. so far this month, the s&p financial names have lost and mind you it's only december 16, 6.5% this week alone. and i look at that and i think what happened? i thought financials loved higher interest rates. they get to charge more for loans, and they be getting better margins, no? so do you avoid financials because we're see see seeing some squirrely behavior? >> thank you for bringing up the cow jacket, it's a visual assault on your senses, and the reason i love it is the two things that i said to your

producers were something that we'll keep using and actually using more of is energy, and that's why i like chevron. regardless of where you stand on this ecosystem spectrum, we're going to continue to use more and more energy every year. nobody wants to admit the fact that in the year 2020 we used more coal than we did into 2019 and again in 2021 more than the previous year and this year we'll use more than we did last year. these fossil fuels things are going to keep continuing to go higher as much as people don't like to hold those stocks there is still value there when we start to see this market kind of roll over a little bit more than it already has. now to your point about saying the cow jacket and i like tech but i like agriculture tech looking at nutrient which is a fertilizer so look at this thing that you ask is food and energy, right? we're going to have to put this stuff in the ground or grow it because we're going to have to eat. now the problem is that there's been a war on farmers. their earlier show we heard charles payne talk about what's been happening in holland. i'm dutch. they are putting 3,000 farmers

out of business if they don't roll over and go green, so we're going to have to have more of that pressure so there's some societal pressures that help those two, nutrient and chevron because right now they are out of favor but we have to eat and use energy and i think both of those are going to be something they see do well in the long term. liz: and need less to say we don't forget ukraine being bombarded by russia and they too , two of those countries are big infertilizer production, so there's always that bringing supply down and maybe the price up. good to see you. scott, thank you. my guy, even though the bears are bum rushing wall street, all right, folks there is at least one subsector sprouting a tiny bit of green at this hour. weed etf. is that hope springs eternal while the congressional clock runs down right now for the marijuana industry as senate majority leader chuck schumer makes a last ditch push for the safe banking bill before

the new congress comes in. the ceo of scott's miracle grow this is a company that designs and sells the equipment used to grow cannabis joins us live, next on why this is a new or never moment for the weed sector. closing bell is ringing in 47 minutes. yes, the dow is off the lows of the session. nasdaq at the moment is still when you look at the percentages , down about 1.1%. s&p is actually out pacing that to the downside 1.2% we're coming right back.

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and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms 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: all right, with just five days until the senate breaks for the holidays right now, congressional leaders are meeting through the weekend to work on a massive omnibus

funding package. two unlikely groups are together the banks and the weed industry are waiting with baited breath on one piece of legislation that if passed could be a pivotal point for the cannabis industry. the safe banking act originally sponsored by colorado representative earl pearlmutter be a big step by removing barriers between marijuana companies and banks. under current law, financial institutions even in states where pot is legalized are subject to criminal prosecution if they provide any banking services to cannabis businesses, because marijuana is a schedule one drug and illegal at the federal level. that's forced the industry to run solely on cold hard cash. this bill would allow banks to provide legitimate marijuana business and its services rang ing from checking accounts, loans, and credit cards to these businesses. the current barrier has also made it extraordinarily difficult for businesses that support the cannabis industry.

scott's miracle grow subsidiary hawthorne gardens owns 45 brands that manufacture equipment and technology used predominantly by marijuana growers. the lawn care giant is eager to see this bill passed and not just for selfish reasons. joining me live in a fox business exclusive, with the clock ticking down is scott 's miracle grow chairman and ceo jim hagadorn. i don't know, jim, we're getting down to the wire here. senate banking committee chair sherrod brown signaled yesterday it might be on hold until the next congress. why do you see that as a problem >> well i'd start by sending a note to sherrod saying no, everybody has got to stay on this right now. remember, we're not talking about making marijuana legal here. there's nothing here in this law that would make things more legal. what it does is allows companies that represent the legal pot market in this country about $30 billion to actually use banks instead of having cash

everywhere and it's very dangerous, it's inefficient, it's really disfunctional for the banking industry not to be able to take this money and allow people to deposit it, make capital investments in legal businesses. liz: you know, jim, it feels like this comes down to senate majority leader chuck schumer and the senate minority leader mitch mcconnell. mitch mcconnell has called this bill a poison pill. you know, there's a wall street term i don't think that's what he meant. he called it a poison pill. feels like you need both of these guys to make your case. if they are listening what would you say to them? >> well first of all i think there's 60 votes to get this done in the senate. its been passed multiple times on a bipartisan basis in the house with a lot of republican support, and there's some really good people out there. the co-sponsor on the republican side in the senate is a guy

named steve dan exs. he's a really good republican. i'm a republican out of montana, and what he told me is jim, i'm not in favor of marijuana. what i'm not in favor of is dysfunction in banking. in my state, by voter initiative , they made it legal and if it's going to be legal, my citizens should be able to bank, and so i know the majority leader is supportive of this and there's work to get it done and we really appreciate that, but this is not about pot. this is about dysfunction in banking. people today have to pay taxes, you know, on legal businesses with duffel bags of cash and counting machines like scar face it's not the way it's supposed to be in america. there's almost half a million people that are employed in this space. americans that vote, they have problems getting mortgages this way, and these are all people who are working in legal

industries. this is really really disfunctional and bad and all the senate has to do is allow legal businesses, legal access to banking. liz: you know, it almost seems like you make the scar face analogy which means you've got to run around with duffel bags of cash just to pay your taxes, which is kind of crazy, because in some states like you said with montana, the voters have spoken. let's just say for some miracle between now and we're watching the clock tick in the next five days it somehow manages to go through. are you going to see the big banks and the big regionals and i'm thinking whether it's everything from jpmorgan to fifth third out of the midwest. would they start offering these services, would they jump on that bandwagon? because it looks like business to me. >> i don't think it will be instant because i think there's a lot of sensitivity about compliance, but i think it be ,

you know, senator danes told me, jim, there's a lot of people who say this is just a small step. it's not. this is a big step forward in rationalizing banking for legal businesses, and i think that everybody who says it's a small step, let's remember one thing. when you have a lot of cash, it brings crime. there are people killed everyday where they have a lot of cash lying around and people have to take this money in cash and there's a lot of history of crime that's there because these businesses retain large amounts of cash. liz: jim, as we finish up i just want to know. your subsidiary hawthorne garden ing, you had hoped this would just take off. when do you start to see the real money and what are your anticipations as you provide all of the hydroponics and marijuana equipment for growing?

>> liz, this is one of those businesses that we pioneer ed for a public american company, we've pioneered pretty hard. with a lot of help from the accounting firms, the banks, legal, a lot of progress the states have made a ton of progress here, but our investment thesis was that ultimately, the feds would do what the citizens want and allow these businesses to operate legally in the open, and many states have done that. the federal government has been pretty slow to and the house has been good about it but the senate needs to act here. it's really important and it's not making pot legal. it's rationalizing banking for companies that are legal in many states, where 75% of americans live. it's legal. liz: gotcha. scotts miracle-gro.

let's meet again as this thing develops if it does indeed. jim good to see you thank you so much. >> liz, thank you, merry christmas. liz: while one bill sits in the senate another one is about to hit the president's desk for signature. the big cat public safety act bans private ownership of the wild animals. what must carol baskin think about that? up next we're going live to florida to meet up with the star of hit netflix series tiger king to get her reaction to the new law. closing bell 35 minutes away, here the markets red on the screen but well off the lows , now the russel is down 14 points or under 1%.

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liz: fox business alert. put that santa claus rally on the back burner. looks like a scrooge sell-off is in progress at this hour, but there are some pops of green right now we need to show those to you. let's look at ms.maxar technologies. you think you don't know this company, you know, it's going to the moon up 123% right now. shares of the satellite and space tech company, it powers the google maps app that we all use, is going crazy after it agreed to be taken private by advent international at $53 per share after closing at 23.10 yesterday. right now, it's at $51.58. what a big move to go private.

cancer care stocks, exact science is moving in opposite directions right now, garden health is down 26.5% after it released trial results for its dna blood test for colorectal cancers and while the test did detect 83% of colorectal cancers, it was not as effective as the cologard stool-based test from exact sciences. exact sciences shares are now up 18 and one-third percent. bearish on breadsticks? come on really? darden restaurants who brands include olive garden, longhorn steakhouse and capital grille down 2% after reporting its latest quarterly results. darden reported $2.49 billion in total sales a gabe of -- gain of 9.4% year-over-year however profits took a hit as the company faces higher costs, food, and yes the higher cost of labor, got to pay those

wages so darden restaurant s is down about $3 at the moment to 139.85. we should check in on general motors . those shares are falling right now, about 3.8% after federal safety regulators have launched an investigation into the companies cruise autonomous driving system. in a filing made public today, the national highway traffic safety administration said it has received reports of three crashes involving vehicles breaking hard in response to another road user, approaching from behind. in other words, the vehicle becomes a road obstacle. okay. competitor ford is down again second day straight here. it's slipping about 6.5% that's worse than yesterday after the auto maker hiked its price, we told you this in the final hour yesterday, of its cheapest f-150 all electric truck by 9%.

the new price for yes, the lowest of the low cheap ones , 55,000 dollars. take a look at the two day chart there, you can see not pretty. okay down 6.6% over two days. netflix, well, that ones kind of straddeling the flat line up and down and all around at the moment. for the moment it's up three- quarters of a percent but dropping 8% yesterday amid the report that it started having to give advertisers back their money after the streamers ad-supported tier got off to a very slow start and they have not been able to deliver the promised number of eyeballs they told advertisers they could. the streamer was the production company behind the hit docuseries tiger king which brought renewed attention to the treatment and breeding of big cats in captivity. well now legislation is heading to president biden to offer more protections to those animals. ashley webster live in tampa, florida with someone whose got a

big financial interest in what happens here. tiger king star carol baskin, ash? ashley: yes, hi there, liz. we've been talking with carol all day. i just want to say behind me here is simba. he's had a little snack and he's chilling out. he was rescued from a circus in guatemala. he's been here about three years we come down here, there is about eight or nine tigers here , right now. some lions, say jaguar, a leopard and so on, amazingly these wonderful animals were rescued. over here, almost walked past kayleigh from from a circus from a young cub in georgia and she's 22 years old and life span for these big cats is about 10- 12 years. talking to carol all day today, liz and she was saying look, the experience of tiger king in her opinion was a complete nightmare. she said she was treated as a pariah for at least a year afterward, but she does say that one good thing came out of that series. take a listen to this.

>> for all of the flaws in tiger king, there was one scene where they were ripping that baby tiger through the wire to use as a pay-to-play prop and when people saw that they were outraged and i heard so many people after that say these animals don't belong in cages. they belong in the wild. ashley: they do, but you know what's interesting, liz? there are thousands of tigers in the united states. only 6% of them are at zoos. the rest are privately held in backyards and roadside circuses and so on, places they really have no business being, and now we finally have a federal law, the big cat public safety act that prevents the private possession of these big cats, prevents the sale of those beautiful animals, also the breeding of them, so this has been a long time coming , 30 years, carol is just one of those people who have been fighting for this to protect these animals from exploitation and cruelty, but she says, the fight isn't over yet. take a listen.

>> my passion is to see all wildcats living free. this is the first step to being able to save them in the wild where they belong. ashley: just quickly to give you an idea, liz, of how bad the problem is, the legal trafficking of wildlife is the third largest illegal trade in the world behind drugs and weapons, and an estimated $10 billion worth of trade is done in trafficked wildlife every year. that's only the animals that they know about so it's likely much larger. this new federal law which we're waiting for the president to sign, will certainly help but as carol has pointed out there's still a very long way to go and these beautiful animals at least they are better off here certainly at the sanctuary, 67- acres of the big cat rescue outside of tampa but really wouldn't they be lovely out in the wild? liz, back to you. liz: well that's exactly, really quickly, ashley, what i'm wondering, they're in cages. does that mean if this passes she frees them all in africa?

what's going on here? ashley: no. these cats cannot be put out in the wild. they wouldn't last five minutes because they have been in captivity since birth and in zoo s, rescued and they are now in this facility but they can't be put back in the wild. carol says she cries sometimes when she comes in during the day and sees these animals just walking back and fourth inside a cage. it's not how they are supposed to live but if it wasn't for carol and people like her, these animals would really be in big trouble. liz: ashley, thank you very much we'll be watching for that bill, so much happening right now on d.c. all right, this signature move, check this out you guys of this man setting pizza dough on fire and spinning it over his head, shot new york city pizza owner to fame and fortune, amazing considering the multi millionaire business owner was literally homeless and sleeping in grand central station after coming to america in the winter

of 2001. next, this is a can't miss interview on how his generosity to the homeless today has paid out in spades and landed him his own documentary airing on discovery tonight and we knew him when he was my first everyone talks to liz podcast guests. check out my podcast anywhere you get your podcast dow is down 232 we're coming right back. ♪ ♪

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liz: all right this one is epic. you want a good christmas story, and a good business story? how about this. from sleeping on the streets of new york city and park benches in hoboken, new jersey to owning a multi million dollar pizza chain. hockey came to america back in 2001 in the freezing cold winter with just a couple of hundred bucks in his pocket and nowhere to live. the turkish immigrant with a talent for pizza ended up

founding what has now become a chain of restaurants in new york city called champion pizza. hockey rocketed to popularity after he won the pizza acrobat ic world championship. he had fire going, he was spin ning the pies. now he's got 28 million instagram followers, six pizza shops across new york city and a new documentary about him airing tonight, debuting tonight on discovery plus, but he has never forgotten his early struggles. now he gives back through donations the homeless shelter that housed him and communities around new york city. here in a fox business exclusive is champion pizza founder and owner and my friend. hockey, oh, it is so good to see you and again because you've been on the show a couple years ago but this is the season of giving. you're smiling because i know you. you go every week to give back. tell us what's going on with your donations now and how they

have grown. >> well actually, thank you by the way, for having me again. liz: sure. >> we actually used to do like a one-day a week, right now we jumped to three days, we do like wednesday night with pcny and we do like a sunday night and we do a thursday morning at church so i'm blessed but right now we have more homelessness more than before. the past two years is a lot and this year, i believe, is more immigrant. there's a lot of homeless right now on the street. liz: how are you different, hakk i'm, because you arrived. you had a friend who was supposedly going to pick you up from the bus station when you arrived here, never showed. he ghosted you and you ended up sleeping on the streets and then to a homeless shelter and yet, you managed to get out without speaking the language.

you had a third grade education, and you really worked your way up in tiny baby steps by working at pizza stores that you certainly didn't own. you even lost your first one that you tried to open, because of all kinds of crisis, but how do you translate that to all of the growing homeless people out there? >> well, i mean, i always say that we all should never give up whatever we believe, just believe, believe. even no one believes you and when you believe yourself, everything, anything could be possible. so the days when i came over here like just didn't give up and worked so hard and make sure to live the american dream and here i am and actually i enjoy the moments. liz: oh, my gosh, you sure do, and with your positive attitude, where you never gave up, the discovery channel found you.

i mean, we were first may i just point that out, because we put you on my podcast. you were one of our very first guests, but discovery has now found you and tonight, you have a documentary debuting. tell me about that. >> so yeah, the documentary they actually contact me two and a half years ago, so we were back and forth and we have been filming this documentary almost two years and i'm just so excited. it will launch today on the discovery channel and magnolia tv will be tonight and it's like my journey when i come here how i started, and to all of the struggle i've been through, and as a human, never give up as i always say, and it's all about how i started what i was and what i am today and what's my plan for next, what can i do for next. liz: that is the point.

a charitable effort that you have. >> it's a little bit emotional, a couple things is touchable but it's inspiring. when i walk on the street people they tell me like hakki, thank you for what you do. thank you for who you are and like thank you for inspiring our young generation, our kids and that means a lot, actually. that's what gave me positive energy to keep going and not giving up, just inspring and giving spotlight on others. liz: hakki, i'll end with this. you said if i'd gotten picked up at the bus terminal in 2001 by my friend, my life wouldn't be so amazing and incredible. you were homeless. you're actually embracing that and now giving back, and showing people how they can pull themselves up. thank you so much for joining us good luck. >> thank you. thank you. i really appreciate that.

never give up. liz: never. champion pizza. go, go get slices. the pizza is fabulous. all right, tesla shareholders engaged after the ev maker stock hit a fresh two-year low again today, fueling concerns that ceo elon musk's preoccupation with twitter is smashing the bedrock of his key business. the stock dove today after musk booted off several prominent journalists from the social media platform. the details are next. all right folks we've got about 10 minutes before the closing bell rings. dow is down 252 but remember, yesterday lost 764 so its been an ugly couple of days here, for all of the major indices let's see how this one ends. they're looking for you. who? who's looking?

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and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch today. liz: shares of tesla reaching a two-year low. tesla is down 4.5%. $150 and change. investors woke up to brand-new concerns about elon musk's ability to run tells la and

twitter simultaneously. musk banned several journalists from the platform for sharing private gem and other personal information. susan? >> you had several journalists suddenly with no access to their journalist accounts. musk said criticizing me is totally fine. but tracking my location and endangering my family is not okay. a stalker jumped on his car with baby x inside.

the account has been around for a few years using publicly available data even i could access online. they tell us it's pretty much available under the freedom of information act. musk isn't backing down. he had a confrontation with some of those suspended last night. >> sharing realtime information about someone's location is not appropriate. there is not going to be any discontinues between journalists and regular people. you are not special because you are a journalist. susan: elon asking whether he should unsuspend the accounts. the majority say yes. the u.n. said it was disturb bid

these sudden suspensions. liz: monday we have a tells la shareholder who is not too happy about this. the dow and nasdaq down for the second week in the row. so what about next week? let's bring in edgar lomax company's ceo. are investors ready to forge ahead and be a little more bullish? edgar lomax would never try to predict. but the farther the market falls, it's not going to zero. we feel relatively good about investing as long as the

investor is following a regular policy. it's better to buy at lower prices. liz: i totally agree with you. what if people say give me a couple of stocks. what would you say? >> we like companies with a lot of current earnings. earnings growth could be an issue given how high interest rates will. we have two names, pfizer and walgreens. both of these have -- there are negatives some analysts see. pfizer made so much money off these covid fighting products. but their earnings would have to fall by 50% which i don't expect to happen to even equal the s&p. it's that cheap. the dividend yield is 3.1%.

walgreens is one of the cheapest stocks in the s&p with a price to earnings ratio at only 8. and we expect walmart to continue putting? solid earnings. dividend feel 5%. liz: the weather outside is frightful, but you brought us some good ideas. we thank you so much. here we go. a rough and tumble week. let's do it all again monday. larry: welcome to c "kudlow." i'm larry kudlow