charles: all right, i know jay powell and company, they've got everyone shook, right, after the harshest start to a rate cycle ever. the pace, though, speaks at just how badly they botched inflation in the first place and the greatest risk to the economy and the stock market and that's the fed going too far. we have been promised no pauses and no cuts, but these trends we're seeing would suggest otherwise. take a look at this, core cpi down three months in a row, so i want to go back to what was said, just make sure you are buying things that you really, really like. you can be nimble or you can buy great companies and just ride out, but don't skip out on the greatest money-making machine ever. right, liz? liz: charles, you could also be in the meme stocks. caravan that was moseying around $5 and change, and then the last 40 minutes or so, look at

intraday, a gain of about 38%, it's up if -- 33.6% right now. as used car prices have been falling, there have chatter about possible bankruptcy, but it's seen a 71% gain this week. it could be the retail traders rearing their heads again. bed bath & beyond shares going parabolic again today, up 35% at this hour, hoisting up the week to date gains to 251%. let's get to the markets right now, they're not too shabby either. we've got stocks moving to the upped side, dow better by 221 points, the s&p up 16, the nasdaq gaining 63. the russell is the percentage winner, up 1.5% or a gain of 27 points. we should el you though, look at intradays, markets were flitting between gains and losses early in the session but began powering higher minutes after noon eastern when st. louis federal reserve bank president james bullard told a banking conference that, yes, to douse

inflation's flames, interest rates should remain higher for longer, but he sees, we put it way, pillows building up for a soft landing. and here's the quote, recession risks have receded some over the last three months, that's james bullard blurting that out just hours after today's release of much-anticipated december consumer inflation report. of cpi came in like a lamb, easing for the six month in a row with the headline number down one-tenth of a percent, slightly cooler than expected. and that year-over-year print, inflation still rising 6.5%, but it matched expectations. so, yes, the dow started punching higher, but take a look at the heat map here. one name was already solidly in the lead right out of the gate, disney showing the strongest pulse. and right now it is topping the dow 30. the blue chips all have to wait behind disney which is up merely 4%, powered -- nearly, by one of

the most feared investors on wall street who announced his triumph fund has a taken a large stake in the media giant and is demanding a board seat, activist nelson peltz. the stock, which had been down 39% year-over-year, is close to an 8-year low, and pelts says current ceo bob iger who's just returned again completely bungled his succession plan, executive compensation's too high, streaming business losses need to stop. so after a meeting with iger on tuesday who basically blew off the request, he's launched into agitator mode. will it work? coming up, one of the top analysts on wall street, rich greenfield, throws down his own gauntlet in fight, and we'll ask him whether it will change his call on disney's stock. all right, the nasdaq's on track for its fifth day in a row of gains, the longest winning

streak since july. something to note here, have you guys noticed that lucid has been on the run? the luxury ev maker moving up at 5.25 the % on news it's exceeded its full-year production guidance, but lucid's had a phenomenal couple of days. week to date it has soared 28%. and the if james bull articled says that the -- bullard says the economy looks to have a soft landing, will consumers be spending on luxury evs and everything else? to the floor show. jon najarian is here with us along with joe per swale plus. joe, the markets like december cpi. what do you see in that number that you like or dislike? >> okay, what i really see is it's gotten very, very slow in terms of core inflation. 3.1% year-over-year, and jay is powell's preferred super core metric has a 2 handle on it that serves x housing. so what i'm seeing here is we're

setting up for a moderation in the fed rate hike. we could see a 25 basis point decision can at the february 1st policy meeting. more importantly, i think later this spring we're going to have a pause in the efforts to restore price stability on the part of the fed to give the economy a chance to catch its brent. liz: you are not one of those people who thinks that suddenly the fed is going to cut rates -- >> no. i don't even think rate cuts are on the table this year. that's a 2024 narrative. my overall framework is lift and hold. let's just leapt it stay there and see how the market absorbs the past impact of those rate hikes. that would be the prudent thing to do. and, look, if we're going to have a soft landing, i think that's the only past to get there. liz: fed funds futures at the moment, yeah, they are favoring a 25 basis point hike. and to me, the cpi number did nothing to suddenly make people push for another 50. but could the fed do that? >> oh, they very well could,

because rates do have to move into restrictive terrain. but it's understandable why the market is seeing it this way, right? the actual 9.4% decline in gasoline prices completely offset the entire increase in the shelter category. and i've got to tell you, liz, when you see that sort of data and we mow going bard those year-over-year base effects prosecute soaring gasoline and oil prices last year will really make those top-line numbers look very good -- liz: yeah. shelter still pretty high. jon najarian, i know that you are absolutely chomping at the bit to pounce on this market. tell me what you see and what you actually feel is the big trade in this short-term picture. i mean, let's not forget we are seeing these meme stock suddenlr proking their heads. there's some gutsiness coming back into this market. >> yeah. what you like to see are those animal spirits, liz. and you and charles both described that when you said look at what's going on with the meme stocks.

sorry -- liz: that's okay. >> here in switzerland things are a little fluid. liz: name dropper. [laughter] >> yeah, there you go. but you see the meme stocks working like they're working. i remember when american airlines filed for bankruptcy, and everybody said, oh, you know, it's going to be a liquidation. no, it's not. not every bankruptcy is a liquidation. bed bath and beyond took off to the upside, you talked about car max, i think you get more of that, and i like the idea that some of these ceos that had left their companies like schultz, like bezos and like iger are now coming back. now, bezos not yet, but i think that's in the cards, liz, because i think one of the ways to get people excited again is to bring back some of that magic that got the stocks in the right place in the first time. liz: yesterday amazon had a really strong day. it's flat right now. hey, i think he's having too much fun doing his

extracurricular, philanthropic stuff. amazon looking very good this week. jon, one of your names that you like has had so much action week, cog my santa. can you talk about that? are you still onboard here and why? >> yeah, we are. because from what we've seen, you know, the tech stocks, of course, got slaughtered, and they got slaughtered for very good reason, and that was tax loss selling. they can't get back in, liz. they have to give it 30 days. so if you are smart enough to take that tax loss in november, yeah, you can get back in now. but for everybody else that sold into that last few weeks of the year, heavy got to wait until the last few weeks of january. they're going to miss the boat here, and this is one of the reasons that, you know, like the other guest and i both would agree you don't want to try to jump in and out of the market. you want to be there when you can catch these moves, otherwise you're going to miss out. liz: joe, what are hose sectors that you feel -- those sectors

that you feel are the ones to go into so, like jon najarian just said, you're not too late? >> one is banking and finance. clear clearly that interest margin is going up. good, old-fashioned spreads between lending and interest payments going to support banking, and i think some of the oversold sectors, tech, line sciences. i'm looking at apple and just shake my head. it should be a higher price. so there's all kinds of opportunities there for really sort of risk-tolerant investors. not for the short term, we're not talking end of the day, the week, the month, the quarter -- liz: yeah. good financials moving higher today -- go ahead, jon. >> i agree with joe 100% there. and the life sciences call, joe, is a great one, because going into the jpmorgan health care conference, we see that just like we see ahead of the cancer conference that goes on in chicago in june. and i think that one's -- liz: you're talking -- can you

be more specific, jon? >> yep. i would be talking about biotechings. you've seen a lot of approvals by the fda and a lot of firms that are getting bought because people are saying, hey, by the time we get six months into the year, maybe they'll be through phase two or phase three, and that stock will be a lot higher if that happens. so you're seeing a lot of people taking a shot on phase one approvals, and then hopefully they can get in on the, you know, the ride that these stocks will get from being in the life science sector. but tech, joe is right about that too. that's where i see the biggest upside right now for the big cap stocks, is in the tech sector. liz: we would not be doing our job if we didn't do the old, yeah, but what if? joe, what if the markets get a little too frothy, a little too optimistic and we get some type of ugly print on the pce, the personal consumption expenditure

that the fed loves to look at? >> because fed put has largely been removed from the market. we're going to have the volatility that does favor the trading and investment community. there are lots of risks out there from russia, you know, to the debt ceiling debacle that we may or may not have engineered. clearly, investors are starting to price hose in. but right now things are looking better than they have in a number of months. james bullard was right, we only have a 65% probability of a recession over the next 12 months, so it's not 100% certain. and if things keep moving this way, we could. [applause] if by have a soft landing however narrow that window is. liz: jon, what are you doing, like, the royals or something? >> i'm here at the crypto finance conference going on here in switzerland are. it's a fabulous time and a lot of dcz was here -- cz. we had so many people -- liz: you see that earlier today bitcoin popped above 19,000. it's slightly below it right

now, 18,863. maybe the sun might shine once again. >> yep. i think it will, liz. and i think web 3 is the way that it's going to shine. liz: great to have you both, thank you so much. all right, here we go, the skies are friendlier at this hour after yesterday's travel trauma when an faa outage led to thousands of delays and cancellations. but one carrier says it had minimal disruption trues. up next, the ceo of semi-private airline jsx on how it survived the flight nightmare and that tie-up with one of elon musk's companies. what about that? closing bell, 49 minutes away. we've got the dow jones industrials still up about 187, make that -- 193. changing as we speak. "claman countdown" you are -- just getting started. don't go away, we're coming right back in a minute.

to you, it may just be an elevator. here goes nothing. but for a young homeowner becoming their parents, it's a learning opportunity. come on in. [ chuckles ] the more, the merrier. paris, huh? bonjour! we got any out-of-towners in the elevator? tom. it is not easy. 10th floor, huh? must be a heck of a view. okay, see how everyone else is facing this way? progressive can't save you from becoming your parents, but we can save you money when you bundle home and auto with us. okay, that was terrible. okay, let's hang back. we're gonna try that again. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year.

and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. it's official, america. xfinity mobile is the fastest mobile service. 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. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off.

who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. (soft music) liz: all right, we've got about 43 minutes left to to trade. airline stocks, nice green on the screen. [laughter] look at delta the, up 2.8. it gets better. jetblue up 3%. then you've got united up 6%. take a look at american airlines, it's hitting the highest e elevation, gaining nearly 8%, zooming higher after the carrier felt confident must have to raise its fourth quarter revenue forecast. american says revenues will come in at least 17% above 2019. yes, that reads precovid levels. thanks to strong demand and higher airfares. that's a pretty gutsy call to make just a day after that faa software problem grounded domestic flights. let's give it a check, flights

appear to be back to normal, just 131 cancellations and 2,982 the delays. yesterday, just to give you perspective, delays topped 10 is,900. -- 10,900. paa has traced that outage to a damaged database file but will continue to investigate the root of the problem. but as the issue forced major carriers to deal with flight chaos, one carriered had only minimal disruptions. public jet service jsx, it's got 43 flight routes across 22 north american markets including los angeles, dallas, aspen, miami, westchester county in new york. air carrier prides itself on being what's called a hop-on service. that means passengers can arrive 20 minutes ahead of departure to a private terminal if without long lines at the check-in counter and tsa. jsx cofounder and ceo with alex wilcox joins me now from one of those hangars.

alex, you're in dallas, correct? >> i'm in dallas, texas. yes, ma'am. liz: you guys operate on a much smaller scale. you've got about 33 jets that are flying right now. you expect to expand to more than 100 jets in the next two years, but what was your day like yesterday? >> well, jsx, you know, our flights out of westchester county, we fly from there to south florida, miami and orlando. those flights were a couple hours late. the majority are from texas and california, west coast, nevada. when faa got it sorted out, it was still pretty early on west coast. 85% of our flights arrived on time, because we -- so we didn't have a a major disruption. liz: could you give me a sense of how long it took for let's just say your flights in if new york to start flying again? because the bigger carriers, it took hours and hours. >> yeah. no, we have a small operation in westchester county, and as i

said, about an hour and a half late. we were waiting, you know, we were advised early about the faa about the delay, and, or you know, we had the ground stop, we were affected like every other airplane out will. we waited it out and, you know, with only 30 people onboard, you can be ready to go in about five minutes. so as soon as the green flag went out, we were in the air within minutes. small is beautiful in this the business, and with a small fleet, with a small number of seats onboard, we can respond very, very quickly. plus, jsx stands for enjoyable, simple experience. i think, you know, in this business when so many things can go wrong internally and externally, the more simple you can make things, more likely you are -- liz: i love those jets, we were just showing them. you've become the first-ever customer to bring in free why pie in flight to to the a hundred of your aircraft with

elon musk's spacex star link, his company. tell me about that deal. >> yeah. we've been looking for the wi-fi solution, and we wanted our wi-fi to be just as simple as our product. you can show up 20 minutes before the plight, you hop on and you go. we wanted to make wi-fi just as easy. how frustrating is it when the screen doesn't work until you're 10,000 feet in the air, and you've got to put in a credit card and e-mail address, and one little typo, you've got to start whole thing over again. we have a hotline jet service and hotline wi-fi. you get on the airplane, the second you're on the airplane,st just an ssid, choose a network and you're on, that's it. nothing to sign up for, you don't have to put in a frequent flyer number, and then when you're on, you are just on until you get to the other end, and it is fast. we've got 200 megabits a second, actually faster hand it is in

many homes in north america. so you feel like you're at home or in the office, and it's an incredibly reliable and fast -- liz: i can hear the viewers screaming, how much? what are people paying for? let's put up some prices. so you have jsx l.a. to las vegas, the hop hon price, $249 one way, correct? >> that's about right, yep. they start at $149, sometimes $10 lower -- liz: oh, that's round trip 249? >> it could be, it could be. our average fare each way is over $200, it's about $1,000 to go to florida each way, maybe a little bit less, but our average fare is about $200. liz: listen, that's austin, a hot market, austin to crested butte, colorado, that's $419. so are these specific locations that you feel are for the middle

to higher-end customer? >> yeah, i think so. you know, the jsx product is for anybody that values their time. we do business markets, dallas to austin and austin to crested butte is a great example, you know, i think got us into crested butte, it's kind of what aspen was 20 years ago. aspen, you priced9 out all the millionaires, you've got to be bigger, so the next aspen is crested butte. that flight we started from dallas last year, it was full on the full day, and it's booming. we look at the opportunities where, yeah, you've got a customer that's willing to pay a little bit more to save their time and to have that convenience. now, it basically is a private jet but more at a commercial price. but we're in major market as well, and we've got something for everyone. if you're flexible on the day of week and the time of travel, you can get great value. there's no faster way to get there. liz: and i like the arrive 20

minutes beforehand and you still have security checks. alex, speed up. i think a lot of people want to see your air carrier do well. thank you so much. >> thank you. liz: yes. the company's jsx. [laughter] floor crew's, like, say that name again. rising egg prices leaving consumers scrambling for alternatives. up next we go to tan egg farm -- to an egg farm in new jersey to discuss what consumers are shelling out for the popular protein and which stocks might benefit from that. closing bell 37 minutes away. dow jones industrials still up about 201 points. the nasdaq jumping 51. we are coming right back and, yes, charlie gasparino's back today. ♪ ♪ if you might take something for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain.

with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. who's on it with jardiance? ♪ ♪ we're the ones getting it done. we're managing type 2 diabetes and heart risk. we're on it with jardiance. join the growing number of people who are on it with the once-daily pill, jardiance. jardiance not only lowers a1c, it goes beyond to reduce the risk of cardiovascular death for adults with type 2 diabetes and known heart disease. and jardiance may help you lose some weight. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration,

(that can lead to sudden worsening of kidney function), and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. a once-daily pill that goes beyond lowering a1c? we're on it. we're on it. we're on it with jardiance. ask your doctor about jardiance.

hi, i'm sally and i lost 52 pounds with golo in a year and a half. i struggled with my weight for a long time due to my thyroid issues but since being on the golo plan and taking release, the weight has not come back. (upbeat music)

liz: oh, yeah, inflation. take a look at shares of cal main, an egg producer. up 3% to $a 54.09. that's intraday. as inflation bubbled up all last year, shares have gained 34% because, have you seen the price of eggs recently? it is no yolk -- the i know, they made me say it. embarrassing. eggs used to be a staple grocery item. now it feels more like a luxury with the national price of a dozen eggs hitting $3.59 in november as an outbreak of bird flu has affected millions of

chickens causing an egg shortage. and then, of course, throw inflation on top of that, lydia hu, she's outside an egg packaging facility many howell, minnesota. lydia. >> reporter: hey there, liz. yeah, $3.59, it's now on average more expensive to buy a dozen eggs than it is a gallon of gas. and you're right, today's inflation data showing that the price of eggs in the month of december were up merely 60% -- nearly 60% over the prior year. they increased 11% over the prior month of november. main reason is the bird flu which has impacted nearly every state. it's killed more than 57 million birds, among them nearly 44 million hens that lay eggs. and the usda says the u.s. egg inventory, service down at end of last year -- it was down at the end of last year about 29%.

watch in this. >> every time you lose a million chickens, you're losing about 15-16,000 cases of eggs a week in production. for every million birds that gets affected. >> reporter: now, as far as how long these higher prices are going to be the with us, well, experts tell me that depends on what happens with the avian bird flu and whether or not we have more outbreaks moving through 2023. but the usda does ad that it appears egg inventories were increasing through the end of last year, so they expect that to offer some price relief. but it will take some time for that supply to catch up with demand. so in the short term, american consumers can expect to keep shelling out more cash on hair egg purchases. and -- their egg purchases. and before we go, i want to show you one more thing because inflation is rarely a laughing matter. but there are some people that are finding some humor in these increased egg prices like this

meme that's circulating -- [laughter] suggesting that maybe now a few dozen eggs can be a creative and expensive gift for your loved one. i don't know, liz, about that one. how do you feel about getting eggs for valuen valentine's day? liz: i will take an egg-shaped diamond. does that work? >> reporter: yeah. sign me up for that one. liz: no longer just the oval or the cushion cut, it's the egg cut. >> reporter: grade a. liz: fox business alert, we do have markets comfortably in the green, dow jones industrials up 195 points. s&p up 12, we've got the nasdaq up 61. we got a buzzkill for anheuser-busch inbev, ubs downgrading to a sell from a neutral. ubs is citing consumers' continued shift away from beer towards spirits as well as worldwide weakness in beer sales. we've got shares down for bud about 2.25%.

the maker of keyboarders, mice, web cams plummeting about 17% at this hour, on pace for the largest decrease since november of 2020. the consumer electronics company reporting lower sales and earnings for its latest quarter. its ceo attributing the results to a difficult economic backdrop and supply chain uncertainties linked to china's covid outbreak which should, since china's starting to are rope, be working its way through -- reopen. morgan stanley's upgrading cleveland cliffs from equal weight to overweight and raising its price target from 13.60 to -- 26. it stands at $20.82, that's a gain of 8.25% right now. that price target of 26 the implies a more than 30% gain from current levels. cleveland cliffs recently able to to lock in higher annual fixed prices for steel which morgan thinks will allow the company to generate, quote,

robust free cash flow. of and it's the tale of two streamers, jeffries downgrading spotify from a buy to a hold, down a third of a percent, also cutting its price target from are $113 to $95. and on the other hand, jeffries is raising its rating on netflix from hold to a buy, hiking its price target from $310 to 385. netflix is at $329 today and, of course, yesterday we talked all about it. however, what about netflix if's prospects through the lens of premier media analyst rich greenfield in that's next. -- greenfield? that's next. plus, nelson possession attempts to wrestle a board seat at the mouse house, the management founder takes on bob iger and and his kingdom. rich greenfield will also analyze the impact of thursday

night football's move to amazon on nfl ratings, and separately, linebacker brandon copeland, yes, plays for the baltimore ravens. he began preparing for life after football all the way back when he was a young teenager. yeah, high school. he interned at a hedge fund for three different summers, getting so knowledgeable about finance that today the during the off season he's a finance professor at the famed wharton business school. you've got to hear his theory and his outlook on how to realle to to be that you're an nfl player, because who among us is, right? you've got to hear the way he thinks and how he has managed to really handle his finances. he's sharing it all on my everyone talks to liz podcast on google, apple, spotify, wherever you get your podcast. dow's up 204 points, we are coming right back with rich greenfield. ♪ ♪

♪ ♪ 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 ♪ if you walmart, you know with everyday low prices, your dollar goes even further. ♪ so you can do more with the people you love. you spend a little less, to get a little more, ♪ to make life a little better.

♪ >> tech: when you have auto glass damage, trust safelite. this dad and daughter were driving when they got a crack in their windshield. [smash] >> dad: it's okay. pull over. >> tech: he wouldn't take his car just anywhere... ♪ pop rock music ♪ >> tech: ...so he brought it to safelite. we replaced the windshield and recalibrated their car's advanced safety system, so features like automatic emergency braking will work properly. >> tech: alright, all finished. >> dad: wow, that's great. thanks. >> tech: stay safe with safelite. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ thank you. when you walk up to the counter at the pharmacy and you have a new prescription, you don't know what it's gonna cost. that's why i always recommend you check the singlecare app before you go to the counter. before i pick up my prescription at the pharmacy, i always check singlecare. it only takes 10 seconds, and it's free to use. it helps me find a better price on my meds. with pharmacy partners nationwide, singlecare is saving millions of americans money on their meds each day.

i found a cheaper price with singlecare. yes, you did. see, give it a try. go to singlecare.com or download the free app today.

♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones.

make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. liz: a mouse house cracking around and divided. the fists are flying. activist investor nelson peltz packing the biggest punch at this hour as he wages a proxy war for a seat on disney's board. his triumph fund management came out after the bell last night and now claims that the company has lost its way, resulting in a, quote, rapid deterioration in its financial performance. but that kind of soft pedaling, peltz is basically saying the executives are way overcompensated and need to get back on track, and they need to make sure they don't overspend on acquisitions. the stock is down 37% over the last year and is at an 8-and-a-half year low. we've got the board asking shareholders to vote against peltz now.

so triumph says, you know what? we don't want to replace bob iger as ceo -- returning after a very short term by his successor, bob chapek -- but peltz wants to work with him to insure a successful leadership transition within the next two years. but flagship ventures partner and media guru rich greenfield thinks iger should sit op on disney's throne for longer than two years. he joins me now live on what could be next for the magic kingdom and some other predictions in media. rich, wow. give me your first, gunpoint reaction. who's going to win -- gut reaction? peltz's people came in on tuesday, met9 in l.a. with the disney people. they did not hear what they wanted. disney said we'll let you be a board observer, not have a board seat. was that a mistake? >> liz, i thought you were going to title this segment mouse droppings. [laughter] liz: we could have. >> look, the the reality is

disney has certainly made mistakes, there's no doubt about it that that disney -- the fox acquisition they overpaid for. he brings up things like trying to buy e sky, that clearly would have been a mistake. thank god comcast bought it, because they massively overpaid for that asset. but the larger issue is what nelson sort of misses in this entire discussion is the media industry is dealing with a sort of seismic change. like, the consumer is moving away from linear it's. television. when you look at the number of viewers watching linear television, i just saw the numbers, the nielsen numbers, for all of 2022. there was only one network, one network that had over a million viewers that were watching meaning nbc was the only network that a had over one million adults 18-49 watching on average throughout the entire year during prime time. these the numbers of viewers, tv's gotten so old. viewers are now on you ike,

viewers are on tiktok, they're on netflix. they're, like, there is dramatic change in behavior. they're not even going to movies. sure, everyone loved avatar and went to see avatar, but everything else over the last few months since top gun has been obliterated, like movie after movie losing money. what peltz is missing is this is not a disney-specific issue right now, this is a television issue -- liz: yeah, but that's not his only complaint. he says that the succession plan was a disaster which, i think -- >> it was. liz: -- played out. yes. he also says executive compensation is way too high. if you look at the percentage difference between what the ceo gets paid, this was abigail disney's biggest problem with bob iger. she said the average employee is paid more than a thousand percent less than the ceo. it's bothersome to somebody

likeson pelts who's a billionaire -- nelson peltz if. >> i would love to sock up the wbd acquisition -- liz: i get that. >> up i'm just saying these are sector issues and sector problems. does the board of disney need a refreshesome 100%. and i think carolyn everson coming in is a breath of fresh air to that that board. i think it's an important accept in the right correction, and disney needs more board with members with more tech media backgrounds, certainly just media backgrounds for god's sake. like, there definitely needs to be changes. but i think question really is this is, what, week six, liz, since iger came back. it does feel a bit premature in terms of like we don't even know what iger's plan is. look, part of me goes i don't know why bob came back. this sector is so hard right now, part of me thinks why

didn't he just go out and enjoy life -- liz: me thinks ego. i've seen movie before, and we have seen other ceos almost, you know, want to come back because life after being big honcho is not so great, you know? but i do, i do say this: he could say, yes, he's only been back six weeks, but the stock is still at a five and a half-and-a-half -- five-and-a-half year low, and participant of the complaint is iger overpaid for some acquisitions, fox entertainment. fox was smart, of course, the parent company of fox business. but that's on iger, is it not? >> look, rupert is a great seller and i think doesn't get enough credit for how great he architected the timing of his exit from the vast majority of the immediate if ya business. but -- media business. but, look, we agree with peltz in one case. the singularly most important thing iger needs to do, and it's on our top 23 the for 23

predictions, he has to buy hue hulu. he's got to get it done quickly. you think about when iger came back in to disney the first time, when he joined disney after eisner left, he made a strategic move very quickly. he bought pixar within his first six months of being ceo. i think you're going to see the same type of swift action. this sort of paralysis they've had trying to get something done with comcast on hulu is not helping disney. they need to solve hulu. they're running multiple streaming services. they've got to solve it, and they've got to -- liz: and that will be more debt. >> sure, it will be more debt. it will be. and that's why i think dividend is, i mean, it's, to my mind, the dividend is item number 72 the on my list of important things they need to do right now. hulu is at the top of that list. but i'd say the other thing that isn't getting enough attention that we've written about and the reason i think iger will

ultimately stay more than two years, because i think it's not so easy to fix, animation. disney animation is struggling. they have not had something that really impacts child play patterns where you really -- think back to the days of frozen, think back to the days of toy story. so much of what disney if animation -- liz: yeah, they've got to fix that. i've got to get a line about netflix because, rich, netflix has just taken the spot that has been vacated by cbs, this is just breaking on ad week, at the up-fronts which is where they set their advertising prices, right? netflix is going to be at the up fronts. what does that say? what's the headline there? >> they're at the big boys' table now, the big adults' table, right? this is a big deal for netflix. like, they're still tiny. like, their ad sales number, liz, is a very small number. but they're now sitting at the adult table, and this is the a huge opportunity -- this is a huge opportunity. you think about every advertiser is looking at the nielsen

numbers for linear tv, and the numbers are tiny, like, really, really tiny many terms of viewership. where do you find viewers? you're going to find them on streaming. and even though netflix is a fraction of the size in advertising that hulu is right now, there is not an advertiser on planet earth that doesn't want to be in business with netflix. and i think fact that they're taking over that up-front week slot is a sign of how serious netflix is about advertising, but i think, liz, i think this is heading into earnings next week, i think it's also a sign that the initial start to advertising is going very well, and they're now pushing the pedal and going faster. liz: rich, you've got to come back and talk about wwe. there's so much more -- nba rights. can't wait. will you come back again soon? >> definitely. thank you for having me. liz: thank you so much, rich greenfield. bitcoin, as we mentioned, it broke above 19,000 earlier. it is right now at 18,917 as inflation slows, market looks

better as far as stocks are concerned. but what's happening with former ftx ceo sam bankman-fried who threw cold water on the entire sector? in his latest online post -- yes, he is post online -- he denies stealing ptx funds -- ftx funds. will that be enough to keep him out of the big house? charlie breaking it next. closing bell, we're 11 minutes away. we're coming right back. ♪ before we begin, i'd like to thank our sponsor, liberty mutual. they customize your car insurance, so you only pay for what you need. and by switching, you could even save $652. thank you, liberty mutual. now, contestants ready? go!

why? why? only pay for what you need. ♪ liberty. liberty. liberty. liberty.♪ at adp, we use data-driven insights . . ♪ one thing leads to another, yeah, yeah ♪

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts.

saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. come, lots of diets, thenothing's workedied or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me,

"does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you. ♪. liz: ftx founder sam bankman-fried now accused of all kinds of financial crimes, still trying to make amends while awaiting trial. today, via a blog post on substack he explained the events that led to the company's implosion. charlie, for get, ira sorkin sat in that cheer said he better stop talking. >> we're speaking with legal experts white-collar crime lawyers, what he is saying is so bad. it will literally lead to him going to jail. the question how long do they throw the book at him?

if he shows no remorse they throw the book at him harder. i say just because you rob a bank and give the money bank doesn't mean you didn't rob the bank and i think that the is problem sam has here. i don't want to say sam, i don't know him personally, but bankman-fried has here. if you establish a protocol allows you to discuss customer fund that they don't know you're using, essentially the charges, the sec complaint that is fraud. because you're not supposed to use that money and you used it and the whole thing blew up. liz: why is he saying this? deny, deny. >> i interviewed jeffrey epstein. i've interviewed madoff before he was a cook, before he was caught as a crook, and after he was caught, after he was in jail, they have delusional tendencies what they have done. it is a rationalization helps

them get through the day. epstein couldn't get through the day, so he killed himself. madoff got him thrhe day. everybody i talk to, says there will be more witnesses, when i say everybody, white-collar attorneys tied into the case somehow, they're talking to the sec and talking to the u.s. attorney's office. more witnesses will come out against him. more witnesses are said to be ready to corroborate that he knew the basic risk management flaws and flaunted them. more witnesses say he was part of the fraud that went down. that is on top of his girlfriend caroline ellison that, cofounders of the whole firm. they have already pled out. others are going to cooperate. and this thing is spaning, you know one thing i will say is this, this is where it gets really tragic, again there are charities that may have to give this money back.

charities that involve poor underprivileged kids in south florida that might be, that might be, get the plug pulled from them. liz: tomorrow charlie and i, thank you very much, are going to be speaking to blackrock ceo larry fink, the asset management giant reports earnings before tomorrow. larry will join us in a megasegment. besides blackrock four of america's biggest banks are reporting. our countydown closer is bullish on two of them. wells, citi, reporting. mark lopresti joins us. >> which one i likes or like less. liz: less. >> people that hope rising ininterest rates environments they do well with the spread where they borrow and lend at. the situation is not setting that up. consumer credit card debt,

certainly a high before the pandemic. inflation wiped out half of what consumers faced up over the last years. these cards are not lining up for consumer facing banks. liz: wells and jpmorgan. they are heavy into credit cards. >> they are. that doesn't bode well for them. liz: are you worried about the consumer? >> i'm worried about the consumer. market liked the cpi print. core looks favorable than cpi. there are incations inflation is starting to recede. i don't think it is receding as quickly as jay powell would like it to see. despite the dovish comments from the new york fed today i think 50 bps is not off the table at the next meeting. >> where do you stand overall on the best opportunities for money right now? are you one of those let me park it in short-term bonnes?

>> no. you see as we move into fixed income products in a rising rate environment of course. but some of the tech names have the heck beaten out of them, liz, if you buy things like amazon, if you buy things like google, netflix, did a big turnaround on your show just before the holidays. liz: sure did. >> these stocks are looking cheap right now. expect volatility, don't look, we're not recommending day trading in these types of names. i don't think you will be disappointed own them, six, eight, certainly not 12 months from now. liz: you were right on netflix. we'll see if you're right on bullish and bearish picks. [closing bell rings] mark lopresti, market finishes higher. longest win streak in six months. ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well we've got breaking news tonight. the joe biden top secret classified document scandal deepens. we learned