spinning. i'm surprised we've even got our feet on the ground. and then the financial times ran this piece: 300 nuke if lahr missiles are headed your way. you must respond. what now? there's a lot of things i could say, but how about a prayer and wait. it's all nuts, right? we have entered a doom and gloom bubble. it never stops. of course, children have anxiety that kids never had before. of course people feel hopeless. but that's the goal, folks. these are manmade crises, right? and now, i mean, they sway everything from policies to the markets. so here's a tip. 300 nukes are not descending on your neighborhood. the earth's inner core stops from time to time, and just stay the course, stay positive, stay strong. don't let the merchants of doom win, right, liz? if. liz: when i used to do local news in ohio, i would say, good evening, the missiles are headed our way, but first the farm

report. [laughter] guys, we're all here, we're alive and kicking. good to see you, charles. markets are on high alert ahead of microsoft earnings out after the bell. flat to slightly lower, but even so the dow jones are moving higher by 142 points. the dow has crossed the unchanged line 89 times before turning positive after 1 p.m. eastern. and look at the s&p, it just flipped back into positive territory. it's kind of been in and out there. we've got the s&p up 2.7 points, the nasdaq down 12, and let's call the russell flat as a pancake. while equities are having a lot of indecision here, bond yields are decidedly down for the first time in four days, particularly the -- 10-year. we're at 3.46% at the moment, and if we can flip it over to the 2-year yield which is, obviously, much more sensitive to, you know, federal reserve policy, that one's at 3.8, down 3.8 basis points to 4.19%.

and by the way, okay, so the dow's up 135 and, yeah, the s&p's up 1. the ec by says picture is much -- equities picture is much smoother than five and a half hours ago when dozens of stocks began nose diving right after the opening bell. what do we mean by nose dive? a bunch of dow stocks skidded seconds before 9:30 a.m. eastern time. mcdonald's. what you don't see there the is that little divot in between, but if you looked at the intraday, you would see that it was a pretty pronounced drop. mcdonald's had closed yesterday at 2699, we're just at 268 at the moment, but this morning it gaps down $16 before recovering. look atwal participant, which finished monday at $142 a share, but this morning opening, it collapsed to $143, it then jumped. as you see it's the at 433 at the moment. flip it over to nike, hay got swept up in the maelstrom as well, dropping to $112 a share,

back up to 127 at the moment. these wild swings immediately triggered halts to the stocks including verizon whiched had just reported earnings. the telecom beat on the bottom line, but verizon's 2023 outlook was shy of wall street's prediction. so coming up, my one-on-one with verizon ceo hans vest burg on whether that juicy 6.6% dividend is enough to keep investors waiting for the subscribers to grow. plus, how's the iphone 14 supply channel to those verizon stores? verizon's ceo will explain it all in just a few minutes. we immediate to flip it over to alphabet. and if you didn't know this was coming, you haven't been paying attention. it was just a matter of when, and when was this afternoon. the u.s. justice department and eight statements including california, google's home state, have filed a lawsuit against google alleging that the company abused its dominance of the digital advertising world and

greatly expanded the legal challenges that the company already faces to its u.s. business. google, for its participant, is now saying the doj is, quote, simply doubling down on a flat argument that would slow innovation if hay pursued it. etfs with alphabet include daily google bull and ishares axp and acwi. no real massive movement, but etfs have become massively popular with investors because it gives them exposure, right? but also downside protection if one name is suffering on any given day. in fact, even a stocks -- as stocks and bonds declined last year, etfs had record inflows. why? and where is the advantage to you, the investor? we welcome celine rogy, together blackrock and the etf business have, what, $5.6 trillion in

assets under management? which gives you guys a great perspective on where the flows are. what are you seeing lately? >> yeah. well, the amazing thing just last year was a horrific year for investors all around the world, kind of the worst in 50 years to have both of those markets down by double digits. and at the same time, it was the second best inflow year for etfs. and and so the way that i look at it is even in times of volatility, more and more people around the world are looking to etfs because they're transparent, they provide choice, they provide affordability, and they're still a really small part of market. less than 2% of the bond market is in etf ifs, for example, and so it's a great way for people to gain access to different participants of the market. liz: less than 2%, that's interesting because the ishares bond etfs saw dramatic inflows last year. a record $123 billion. >> yeah. liz: the return for them, because just because a herd is

moving into something doesn't mean it's the smart thing to do. with you expound upon that? >> yeah, we had a record year last year in our bond i -- etfs. and the reason why is what you shared at the beginning of the program, which is yields. some of those yields that you flashed up each for short-term treasuries or investment grade are amazing relative to what investors had even, you know, anything over the past 10 or 15 years. so for people looking for income in their portfolios, the ability to be the able to access it through bonds provides returns and income like it never has for 10, 15 years. and so we're seeing people rebalance into their portfolios, and they're using etfs, thankful they're using ishares text et fs to do that. liz: the vix has been extremely low. nothing truly worrisome that shows mass drama or anything like that. >> right. liz: is a volatile trade the, a

trade on volatility, kind of a dead trade at the moment? >> well, it's a, you know, we're always looking to help clients figure out how to balance out their portfolio. sometimes it's more bonds, more equities, sometimes it's more international. and so what the etfs are often used for, in particular bond etfs, is buffers or stabilizers for a client's overall portfolio. and the good thing today, unlike a year ago, two years ago, i think you had rick reider on your show a few weeks ago, you don't have to take as much risk as you might have in fixed income. liz: rick was saying, it's a generational moment to get a 4 plus percent yield on a 2-year, which is really amazing. i believe the word he used was myrrh van that percent bond market. >> yeah -- nirvana. liz: let's broaden this to the best possibilities in etfs for what we know the fed has said will be higher rates for longer.

>> right. so i think when we look at investors' portfolios just here in the united states, they're underweight fixed million. we published some -- fixed income. we published some research that even if you take the classic 60-40, most investors are at, like, 30, 31%. so you take that and combine it with what rick talked about a couple weeks ago, that we're seeing more and more investors wanting to reallocate towards fixed income. and there are ways to do it with short treasury, ways to do it with short investment grade corporates and still get 4 or 5 yields in ways that weren't possible. so that's -- liz: well, shy, for example, if you put up s-h-y, it's the short end of treasury markets, and that's the e, f -- >> that's right. liz: -- that enables people to play that end. buffett always gets upset, because he knows people are charging fees. >> right. yeah, our fees, we're really quite proud within ishares, they're about a tenth of of the cost of a typical mutual fund.

and even last year when you had inflationary environments and companies across the world raising prices, we dropped our prices on more than 20ishares, and over the past, you know, since 2015, we've reduced our prices by over $350 million. we've saved people who are trying to invest for the first time, trying to rebalance their portfolio or just trying to get a fair deal a better and cheaper way to invest. liz: you guys have hundreds and hundreds -- how many do you have? >> we have about 400 in the united states and many hundreds more outside the united states. liz: what is the process to get one up and trading? because i've seen some crazy ones not necessarily with ishares, but with, you know, hey, let's go long anything that the involves cows. [laughter] and i'm not talking about cash cows, i'm talking about actual, you know, farm animals. >> right. liz: i mean, people come up with crazy stuff. >> yeah. we want to make sure within our own research area, within our product group that these are

good, long-term, enduring investments. so there are lots of things we don't do that could still sell well but that we don't do. we want to look our clients in the eyes 5 years from now, 10 years from now, 15 years from now and say that was a good long-term investment. so we have that that process in place before we launch any if product even as products are out there to make sure they meet our standards for market quality and for the precision with which they track. it's an elaborate process before it even comes to market, and it's an even more elaborate process to make sure that the etfs are doing exactly what they should be doing in terms of the secondary market, the primary market and in terms of tracking the index. liz: i would definitely invest in a chocolate etf. [laughter] >> i have chocolates. i don't have any chocolate etfs. liz: salim, thank you very much. of course, with blackrock's ishares etfs. what is the key to becoming a billionaire? sometimes it involves just not giving up, simple as that.

the founder of kind, yes, the snack food company, almost threw in the towel when he was building his health food business. good thing he didn't, it eventually did make him a billionaire. now he's handing over his scents to new start-ups, leading them down the trail the he blazed, and he's ready to put money behind it. daniel's about to walk right up to that path and bring you along next in a fox business exclusive. if you've got to stay tuned and hear what he's doing and and which start-ups he's pegging. you may have heard of some of these -- culligan man. we've got the dow jones industrials up 128 points. s&p just flat to slightly lower, let's see if it can make it into the green between now and 49 minutes away from the closing bell. "claman countdown" coming right back. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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liz: fears of a coming recession, that's what charles payne was just talking about, fear, right? fear is a little powerfulling, and that's not a great thing because it began pumping the brakes on start-up funding early last year, and by the fourth quarter investment came to a near screeching halt. according to crunchbase, venture capitalists also coughed up $36.1 billion in the final quarter of 2022. why do i say only? because a year earlier it was 63% higher. 10% quarter over quarter loss here. but with the new year comes new opportunity. the founder of billion dollar snack food company kind is trying to reverse that down trend single handedly with his new investment arm, camino, partners, intending to decan ploy existing funds into start-ups to transform hem into successful businesses that maybe

one day go public. here many a fox business exclusive, how is he going to do it? founder and self-made billionaire daniel lubetzky. it's great to see you again. >> it's great to see you, liz. no pressure. [laughter] single-handedly fix the economy. have to go, i have some work to do. liz: yeah. well, today you just literally launched brand new, you're here to show it to us, the cereal bars. how big is the kind bar business now? >> it's in the ten digits. not only -- it's over a billion dollars in revenues. liz: right. but continuing to grow, because last we talked it was over a billion. >> when you ask the question, we always never know whether to say wholesale, retail, market -- [laughter] by now all of them are billions. liz: okay, fair enough, fair enough. what about new ca me know project, this fund? 350 million's a lot of money at a time when many people say valuations of start-ups are still too high.

>> well, it doesn't mean we'll deploy today. we'll deploy when we find the right partners, but camino is a really exciting venture arm that is going to take a lot of what i've learned -- and thank you for having me since the beginning. liz: always. >> and for 30 years of both successes but also a lot of mistakes, we've learned a lot of things, assembled an incredible team of people that i work with to build kind, and now we have some of the best people helping me not just invest, but support incredible entrepreneurs for them to pull fill their potential. liz: -- fulfill their potential. liz: now, we just showed a full screen of some of the brands you're putting money behind. cu are lligan water. cava, very healthy food that you can get quickly, weber grill. zeal, the uber of massages. you call up, they come to your house. it's amazing. i've used it. i didn't want even know you were

a part of it. tiger global got in a lot of trouble back in 2021 and 20 the 2022 because they had poured billions into start-ups doing precisely what you're talking about doing, and they jacked up those valuations. they ended up having to write down quite a bit of it. how do you avoid that type of trouble? >> i think the biggest thing for all investors and business people is to stay grounded and have humility and remember that you don't really know as much as you think you do. even with having built kind from nothing, i always keep my mistakes closer to me and i remember them. i thought this would to do better than that, and i was wrong. a lot of the humility comes from your failures and from surrounding yourself with people that will challenge you at every step of the way. and then together with bringing incredibly smart people, really trying to think that's the right important parameter is integrity and long-term orientation. and if you invest in people that are super smart, super hard

working, high integrity and long-term-oriented, over long term they end up creating the most value. liz: somos, these are the tortilla chips. they say unusually thick and crunchy. you're most excited about investment. why? >> well, the mexican category, you know, my cofounders, rodrigo, miguel and i, were all born in mexico, and we all happen to be working at kind together. we used to talk about how the mexican scene has really improved. in the grocery shops, the stuff that they were offering was just 30, 40 years old and really, really not authentic mexican food. so it's a huge category or that's been very dormant for many years. we're really excited about bringing authentic mexican food done, you know, the chips are unusually thick and crunchy because we -- the corp. which is a process that's done from the indianaen comment people that makes them very thick. the salsas use a process called --

[speaking spanish] which is kind of like slow roasting and brings out the smoky flavor. liz: well, i'm glad you're doing it, because i'm not going to do it at my house. >> exactly. liz: all of these grands, gimme and kind and everything else, cuhligan, cava, is there one common thread they must have before you commit money? >> we want to make sure that we really understand the space as well as the founders and that we can really add a lot of value. but common thread is people of high integrity that we enjoy working with and and that we think there's no fads, no things that are going to grow up and get out. things that you can build in a sustainable way. that's what camino partners are, being on the journey together and getting where you can get there. liz: single-handedly with your whole team the, of course. dan yell, thank you so much for coming in. >> liz, thank you. liz: he almost gave up on kind when it wasn't working, and i now it's a billion dollar company, and i'm glad you didn't

quite a bit. >> thank you, liz. will. liz: bad blood on capitol hill as the senate takes aim at ticketmaster over its handling of taylor swift's concert tickets, sor should -- or should we say mishandling? we're going to get to a live report. and from taylor swift to taylor deign. the singer/song writer grew up on long island singing in clubs as a teenager but ended up headlining some of the biggest venues in the world. the tell it to my heart star released some of the most explosive hits of the late '80s and early '90s including love will lead you back and many more. however, then came the major obstacle later in life, rolling right into her path in the form of a colon cancer diagnosis. the same disease that killed her friend, actress kirstie alley, last month. here how -- can hear how miraculously she got back on stage just months after surgery. st a brand new encode of my

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liz: we are getting some headlines right now from the new york stock exchange regarding that technical glitch at the opening bell today. stocks including everyone from altria, mastercard, mcdonald's, wal-mart, verizon they opened either well above or well below prior-day prices. most had to be halted immediately, so now the nyse just issued a statement saying it will consider marking the trades as abhorrent -- okay, sorry, what do you want from me? [laughter] and consolidated tape adjustments. those will be processed after the close today. there's some more details on that, because some of these stocks were unable to trade at a very crucial point, but i.c.e. right now for its part, shares are down can 2%. let's look at peloton, shares have been gasping for breath after uws said -- ubs says u.s.

adoption levels of the digital app dropped this month. peloton down 5%. and by the way, the brokerage says active user numbers declined 13% in november and 9% in depress. december. separately, bayard cutting peloton and slicing off $2 for its price target. peloton at the moment is at just $11 and change. lululemon also lower after bernstein cut the stock to underperform, is it's getting hit, down about 1.6%. the firm also reduced its price target to $290. it's at $310 right now. priest price target was -- previous price target was 340, and the firm says it expects top-line growth to decelerate this year driven by a more cautious consumer outlook. and bed bath & beyond having another wild day, up 10.7%. that's not even the high of the session. i mean, look to the far left of the chart, you can see it really

spiked at the open, as investors make bets on whether the retailer will survive or end up having to file for bankruptcy. the heavily shorted stock is up 33% year to date even as industry publication sourcing journal says the home goods chain's recent legal a maneuvers make bankruptcy look highly likely. live nation, the participant company of ticketmaster -- parent company -- is moving higher after its president gave fans of taylor swift an apology today during a senate judiciary hearing on capitol hill. the hearing was called after the november fiasco where ticketmaster's web site was swarmed by 3.5 billion requests for tickets to swiftie's upcoming concert tour and simply could not handle the onslaught. chad pergram has been following the action on capitol hill, joining us live now. >> reporter: liz, a handful of taylor swift fans demonstrated outside the senate office building as senators explored

possible antitrust issues involving ticketmaster. a debacle over ticket sales for swift's tour swamped ticket sites. live nation blamed the issue of bots. on bots. >> this is what led to a terrible consumer experience. which we deeply regret. we with apologize to the fans, we apologize to ms. swift. we need to do better and we will do better. ticketmaster learned valuable lessons from this sale. >> reporter: but others in the industry dispute that bots were the problem. there's concern about competition. >> but the main point here is that in the whole ticket thing concert system is an absolute mess. ticketmaster should look in the mirror and say, i'm the problem. st me. it's me. >> reporter: blumenthal paraphrasing from swift's song,

"antihero." the do to j approved the merger of ticketmaster and live night in 2010. live nation contends the it lost market sharaf the merger, but artists question the role of big ticketing firms. >> we truly do not see live nation as enemy, they're just the largest player in a game that feels stacked against us as artists and often our fans as well. why is it standard for live nation to take a 20% commission on our merchandise sales while we never receive a cent of their ancillary revenues like concessions, alcohol and parking? >> reporter: at the hearing senators seemed flummoxed. there's a dispute over who establishes fees for shows. a government study found that the fees consume 27% of ticket prices. liz? liz: the problem is this is a complaint year after year, and a lot of people have felt that ticketmaster has a monopoly, and they use it to their total

advantage. >> reporter: well, it goes back to 1992. remember that pearl jam was upset about ticket prices and fees back in the mid '90s. liz: yeah. and bruce springsteen's been annoyed. but again, he had the same issue with his recent concerts chad, thank you very much. vise isen's 5g future is here, but how soon will we see 6g? verizon chairman and ceo hans vestberg tells us next. plus, he is going to give us an update on what he's seeing with apple's iphone 14 supply chain coming to his stores. closing bell, 28 minutes away, and the dow is still in the green by 84 points here. we do have the s&p, nasdaq, russell transports all just slightly in the red or down about 1%. ♪ finish. ♪ ♪ if thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts

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liz: fox business alert, it has been such a volatile the trading day for a lot of stocks.

80 of them had to be halted at the new york stock exchange due to that technical glitch including verizon, but particularly for verizon it's been very wild. after announcing earnings premarket, shares of the nation's biggest telecom company got shoved down at the open to as low as $32 and then as high as $44 due to the new york stock exchange problem that they the had which, by the way, wills the an investigation right now -- there is an investigation into that. right now with about let's call it 22 minutes left to trade, verizon shares are up nearly 2% to $40.39. verizon did report fourth quarter profits that were in line with expectations and a beat on revenue. it also announced it added 416,000 broadband net additions in the quarter, the best performance in more than a decade, but a loss of 80,000 tv subs. with the stock down 25% year-over-year, what does verizon's past say about its pooch in chairman and ceo hans vestberg, thank you so much for joining us. you know, i want to go straight

to just one of the rearview mirror looks, and then i want to go all forward because that's yesteryear. it's much more important to look forward. tell me about the wireless customer sign-ups slowing, because that has been an issue. of course, you did see some gains this time around, but what's the problem there? how do you get it back up to previous years? >> so if we look at 2022, we actually had a second quarter on a consumer wireless basis that was disappointing. we actually lost some ground in some certain segments, then we took a lot of actions in the third quarter that would benefit on the fourth quarter. and remember, we are the largest base to consumer in the united states and one of the biggest direct to consumer businesses in the united states. so, of course, we have segments all the way from the most cost efficient plan, prepaid, to a most advanced plans with a lot of inclusions. we have been more surgical and targeted, and that's how we go back to growth. liz: my problem though is the

fact that -- and it's everybody's problem. i'm pretty sure every single viewer watching right now has a cell phone and they have a plan. so there's penetration. it's totally saturated unless you're telling me differently. so what do you do to lure people over to verizon which, of course, yes, is the world's largest, but very competitive out there? >> it is competitive, but there are two things happening. the consumers in the value segments are moving up to the prepaid or post-paid segment meaning the values coming up in the premium. that's one way. and then as always, consumers looking for switching providers. and that's where you need to have offering. then you need to remember also we are serving most -- in the country, we're serving 95% of all the fortune 500 companies. they are buying wireless equipment as well from us, so we are actually growing with them, and we have had, i think, six quarters more than 150 new net consumers, phone consumers on our business segment. so that is growing really well for us. the consumer segment, i said we

had some challenges second and third quarter. we are correcting that that right now, and we came out in the fourth quarter with good growth. liz: welsh one of the things that draws people is the excitement swirling around new phones. i remember when apple came out with its 5g phone, and you -- i was sitting there watching their event, and you got a major cameo with tim cook. [laughter] and i thought, well, this isen usual -- unusual, because he doesn't really share the stage with ceos outside of apple. >> no. ize. liz: i'm interested to know because they've had some trouble with their supply because of china lockdowns. what is it like on your end with the supply of hardware? >> so when we came into black friday, we were a little short on the iphones because the iphone was so important. but actually as the quarter developed, we had a good supply, very steady supply. we had very short lead times for our customers that wanted a new iphone. so, actually, we managed that together with our partners in a

really good way. liz: you lost television subs. okay, that hurts me. [laughter] we're on tv. >> i know it hurts you. liz: down about, what, 80,000 for television q4? what does that say about america's cord cutting? >> we added 1.4 million new broadband subscribers in the year. it's the best in a decade. and more than 400,000 in the fourth quarter. but we see also that people are cutting their it's and the cable packages -- television and the cable packages and taking sort of a naked broadband much more and more and using the streaming services as their way to get attached to news, sports or whatever it might be. liz: well, i'm a fios customer. >> oh, you are? thank you. liz: am i looking old? i guess it feels like that when people are dropping traditional cords like cable, but do you envision a day where verizon wouldn't have cable tv offerings? >> no. we're going to meet the customer demands. there's going to always be a

demand for having tv channels, linear tv, it's just going to be less of a time. we're going to see -- remember, we're so large are. we're meeting all the consumers in the united states. we need to have offerings that are very broad and diverse because we have that base of customers. liz: i want to go back to 5g. what kind of investment are you expecting to make? i know 5g is rolled out, but are you still pouring money into that? >> so last year was our peak year of investment, almost $23 billion we put into the network. that's probably one of the biggest investments in the united states. liz: you're not going to do that again. >> no. we're coming down, basically, down to an average point of 18, 19 billion this year and after that we're going down even further. that was a plan we had because we bought spectrum some 12 months ago, and that spectrum we're deploying as soon as was we get so -- because we get so good experience for our customer. liz: this may with a loaded

question, but are you pouring any resources into # g? i know it technically doesn't exist yet, but when it eventually does, i expect lower latency. i think users do too. but on top of that, don't you need that for the developments in a.i.? obviously, there's chatgpt. people are using it constantly, it probably takes up more bandwidth. not to mention metaverse. >> you're absolutely right. remember, the 5g is now in in the second phase where we're bringing down the lay ten is city enormously, but not only that, the capacity. so many of the things, you talk about the metaverse, a.i. and all of that, that can now be enabled by the network as we roll it out. there is going to be a 6g. every ten years there's coming a new generation of wireless technology. we're, of course, thinking together with partners what should be the standards for that, what are the things we need to do that is even stronger than this -- liz: what are they? >> i think we're going to see even more low latency, even more things that can use the network

instead of the device. so you can do things quicker, you can take realtime decision. but remember, we still have 5-7 years more where 5g's developing, being even better. and today is just outstanding compared to 4g. liz: you know, ceos cannot control a lot about a stock the movement. what i look at are with verizon is i have a lot of people sitting in that chair, investors, smart, smart people, and they say, oh, i like verizon. it's got a fanta tsa thetic dividend, and you do. >> yeah. liz: your dividend is better than at&t's. obviously, t-mobile, obviously better than that. but what is the problem with the stock when you are underperforming both of those names? >> i think that the historically what we have been focused on is, of course, growing both our top line and the bottom line. that's been the main focus for us, and we have over the years expanding our -- we did almost 48 billion haas year -- last

year in -- [inaudible] and the cash flow is really good. the growth has not been really where we wanted to be, and that's why we focus even more on the growth because the growth, we have a very leveraged mold. if we grow, it comes more to the bottom line. but the cash generation is really good, and the dividend yield is unheard of. but 16 years increased dividend, and that's a record in our industry. liz: well, people love that dividend. and one last thing, because we've seen a lot of tech giants, and i would consider you a ecological giant, laying off people in mass numbers. do you foresee that for verizon? >> we did not rehire especially in the covid, we basically stayed very calm and told everyone, please, we want to stay true to them and we kept them, but we didn't hire either. what we have seen is, of course, to have brought in more on the front line because we had -- can there was a high attrition in the -- so we have recruited there, but we are e taken efficiency on the other side. so we're down to 1,000 people, but -- [inaudible] if you look at 5-year period,

we're down from 150, 160,000 down to 117,000. liz: hans vestberg, great to have you. please come back again. >> thank you so much. liz: all right. the battle between the conservative muse network and directv heating up with charges of anti-conservative bias. charlie's breaking that next with the closing bell ringing in 13 minutes. the dow's kind of fumbling some of the gains it had, still up 41 points. s&p, nasdaq can, russell transports are all slightly in the red. ♪ ♪ you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. >> 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.

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♪. liz: conservative media outlet newsmax may go dark on directv. what is the scoop? >> liz. larry: i will say this could have political implications because republicans in congress are watching this. here is what republicans are worried about this there have been essentially two networks that have been been flat formed by directv. 11.5 million customers. a satellite carrier owned by at&t, 70%. tpg group, private equity firm own the rest. two conservative networks. oam early in the year. now newsmax run by chris ruddy.

that is becoming a big political issue. trump is watching it. republicans in congress are writing letters. the negotiations go on. from what we understand there is an 80% chance, 90% chan in that area that newsmax goes dark on the platform at 11:59 tonight. when that happens if that does happen, if they don't pull some rabbit it is going to be an interesting political story going forward. now why does someone get deplatformed? as you know he have network in america that's created even ours, at some point you give your content away. they don't pay for you, right? i think that happened with us at first. happens with everybody. liz: right. you ask them, put this out on directv so we generated a sales. eventually we'll get money for it. >> you get customers, you get viewers. they pay for that. directv does pay other providers on its platform, however, it's

not paying, refuses to pay now newsmax and before it was oam and that's why newsmax and republicans maybe trump, we'll see what he has to say about this, because he has informed, are starting to cry foul. they say at&t, tpg group's way of deplatforming conservative voices. the other ones will say this. we spoke with tpg group. we should put the statement up there, i will summarize it. essentially it is this, they think newsmax want as price, wants to charge a significant amount of money. they're going to have to pass that money to their consumers, people that take the satellite, that use the satellite for their cable and they say you know, it's a money thing. that's it. it not political. it is purely money thing. newsmax comes back, sources close to newsmax, chris ruddy had no comment.

tpg groupe was saying, nah. you pay for others, you pay for vice tv. which has a smaller audience. liz: for sure. >> than i should say, which i believe has a smaller audience. i think newsmax is saying they have a smaller audience. i have to check if they do but i believe they do, than newsmax. vice tv is obviously a left-leaning media outfit. this is getting political and personal. we'll see what happens tonight at 11:59. not that i will rush home to turn on the tv to watch newsmax at 11:59. liz: i'm up watching hockey. >> i will be asleep. having dinner tonight with scaramucci. i will be asleep. liz: can i be a fly on the wall? >> we'll be on at the polo club. liz: i have -- you have a rezi. >> producer wants to go with are you going tomorrow?

liz: i am. >> check tomorrow. this could be a big story. liz: charlie, thank you very much. microsoft set to report quarterly numbers. analysts are expecting a 7.5% drop in earnings per share after a tough 2020 which microsoft saw its stock tumble roughly 1% from this time last year. -- 18%. this would be the first time in several years, mark matson, in a row that microsoft sees this type of slippage. you're founder, ceo of matson money, putting it to an m, microsoft? >> i think there is a larger story here what is going on with microsoft. last calendar year microsoft lost 28% of its value. we put that in context with other technology companies, you've got facebook down, now going by meta, of course, 64%. you have got google down 40%. you got amazon down 50%. my message to investors is, don't make the same mistakes you

made last year. which was largely, really, overweighting towards large tech stocks in the s&p 500 which were down 30% last year. it is a hurting bias. everybody wants to do it. they think there is safety in numbers. liz, as you know there is no safety in numbers. so lay off the tech stocks and focus on broadly diversifying your portfolio. as an investor you come out a lot better. liz: where are you going overweight? you have 8.8 billion in assets under management at the moment. what are you going whole hog into at this point? >> you know, investors need to focus on eliminating several things they did last year. number one, lay off allocation to tech stocks. number two, lay off to bitcoin. it is nothing but a scam. there is nothing there. it is based on p.t. barnum, who says there is sungar suggester born every minute. there are no equities, no bonds. for fixed income part of portfolio, you want high

quality, short-term fixed income. if interest rates go up, inflation continues to rise you will have safety in the fixed income but you have to diversify into small stocks in the united states. youyou have to diversify into sl value stocks. tough go international, diversify emerging markets. very, few investors diversify the portfolio. they get sucked into whatever is hot the last year and that is as you disasterous. liz: three picks, murphy oil, penske, dillard's have all climbed. dillard's up 38%. penske up 13%. murphy oil up 41%. where do you get the idea that this kind of momentum continues? >> well, that's a great question. those fall into the category of small value stocks. if you look at small value stocks versus large growth stocks, technology stocks we just mentioned like nike soft, historically the added return is 4% a year. so it has been a long time. has been over 10 years since

small value actually led compared to large growth and tech stocks. i so believe long term they have a lot of room to go. you have to be smart about it. you have to diversify. we're in over 80 different countries with over 20,000 individual companies and holdings. don't fall in love with any one of those stocks. diversify prudently. liz: okay. >> look the reality is, what, you have to be a con rarian investing, don't follow the herd. set your own pace. liz: mark, always a pleasure to have you. great to see once again. [closing bell rings] liz: a mixed close for the major averages. the dow sees gains for the 30 straight day, tomorrow on the claman "countdown," don't miss it, nasdaq chairman and ceo. thanks so much for joining us. "kudlow" is next. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. so far