$300,000 worth of calls that expire are worthless. who can do that? who could afford to do that? someone that made a lot of money in the market on the other side of those trades. meanwhile you have a good chance next week to make a lot of money because next week is going to be fire. we have apple reporting. we've got meta reporting, we've got amazon reporting. we've got google reporting. these stocks have been on fire and they are going to be poised either make the next big leg higher or get hit. i know, liz, i know, i sound like i'm coming out but it's big moves up or down. liz: wait you forgot the fed. big meeting wednesday. charles: oh, my goodness. liz: you and me, that's our two hours. this is a crucial, crucial wednesday coming up and we'll see if there's that kind of movement or if people just kind of hang out on the sidelines we shall see. happy friday, charles. charles: thanks a lot. liz: fox market alert can we punch up bed, bath and beyond

shares calling it flat toggling between the up and down line. it is now about 24 hours from when we first brought you this story where the embattled stock imploded 22% after the company said it's running on fumes, doesn't have sufficient resources to repay outstanding loans. the "wall street journal" now reporting the home goods chain is fighting to avoid outright liquidation of the business. that headline is coming out at the moment we'll keep an eye on this developing story but let's get to this breaking news. one week, and you heard me say, one week does not a trend make, but how about four as we kickoff the final hour of trade on this friday the broader market in the green but the nasdaq is on track for a blue ribbon month , with gains right now of 158 points we're pretty much at the highs of the session this second, from now, we could see in let's call it 59 minutes a nasdaq notch fourth winning week in a row, and see its highest close since back-to-school that be septembe. speaking of nasdaq, blue ribbons

, tesla is in the winners circle at the very top. not just of the nasdaq but the s&p as well. tesla is popping 12.25% as its stellar earnings report from wednesday continues to propel the ev giant but there is also this breaking. ceo elon musk had been seen dart ing around the hallways of the s we're about to get you a live report from the rotunda on why he's glad-handing and with whom and what he's been doing in the past couple of hours. all right, before we get to that , remember the fangs, we're seeing four of them showing real leadership at this hour. amazon, meta, apple, alphabet look at amazon up 3.5%, meta same up 3.5%, apple up 2%, alphabet up 2.5% and flipping over to the dow jones industrial s. the dow is also on the move to the upside by 177 points, the blue chips are on pace for their third up-week out of four. the dow as you see it here, be up even more but intel and

chevron's losses right now are holding back the horses. let me specifically get to intel the quarterly report last night was so brutal, its pushing a semiconductor stock down 6.75% to the bottom of the dow, the bottom of the s&p, and yes, the worst performer on the nasdaq as well, and it's not just that ceo pat gelsinger broke horrible news for investors including swinging to a quarterly loss, a sales drop of nearly one-third and ugly revenue forecast for the current quarter but the chipmaker is losing market share to nvidia, advanced micro devices, and taiwan semiconductor, so while intel is negative year-to-date, amd is up 18% year-to-date, taiwan semi up 26% over the same time period, nvidia up 41% year-to-date. intel is not happening for them at all. we've also got positive inflation news and data on the inflation front, lifting market sentiment. we finally got the federal

reserve's preferred inflation gauge for december. year-over-year, the core pce, personal consumption expenditure , which the core does not include the often volatile food or energy numbers, cool to its lowest annual pace of 4.4%. problem is the headline number rose 5% in december year-over-year after increasing 5.5% in december. yes it's down, but still up 5% keep in mind that's still 3% higher than the fed's target inflation rate of just 2%. we've got a long way to go to get there. we'll see what fed chair jay powell says about that on wednesday when yes mark your calendars, set the dvr, call out sick. the fed announces its latest interest rate move. we're going to be all over that. all right, so between now and wednesday, should investors side line it? let's get to the floor show joining me ryan payne and keith fitz-gerald. keith are you selling into the week-long rally, buying or

sidelining? >> i am buying very selectively and i'm sticking with the names that i know best that are putting the numbers on the board tesla is big for me i've owned it for a long time. people laugh in my face when i said you better be buying and they aren't laughing now. liz: can i make a point about that and i don't know if you were able to see this but man, tesla has been on an incredible role, so when did you start, did you ladder in, tell our viewers how you did that. >> well sure. i believe that you control risk before you buy so i used something called position sizing i control the pace of my buying so i've been buying as that things been declining all the way along and accelerated that in recent weeks because my sense is that the stock was totally under valued, price divorced from the reality of the situation, and i think the companies got a bright future. the only problem is i may not own enough. liz: you are so right to explain how you did it. i know our viewers are very interested to hear how guys like you do it and same with you, ryan. you talk about what the product

looks like, what the stock looks like. lucid, can we just punch that one up? lieu id is going parabolic just over the past let's say one week , up 127%, can we put up these charts. one month up 187% and what i find interesting is you listen to a guy like keith who said he was laddering as a stock went down because he saw potential in there. by the same token two days ago morgan stanley cut the price target from $10 to $5. what a miss on that one, because now, it's at 13.27. >> well that's the strategists they make fortune tellers look good and keith, dinner is on you man with your trading wins on tesla. >> thank you. >> but no, the problem here is i've got to take the other side. keith and i sometimes take the other side is this assumes a lot of speculation right now. there was a huge short position against lucid so that's a short squeeze you're seeing. the fact that bitcoin is backup

to like 23,000 and you saw this in the tech bubble burst. when it burst you had magnificent rally in tech stocks that end up just being what you'd call a dead cat bounce and i think you're seeing same thing in tech here now. i think tesla is over valued. i think that look at microsoft the other day. their growth is slowing still trades at like 25 times forward earnings so valuations are still too high and tech don't get seduced be my advice. liz: don't get seduced here the s&p is now at 4,090. we've got the dow, this is session high up 185 points to 34 , 134, and the volatility index is down for the sixth straight day. the vix looks to close at its lowest level in i believe for the year. i mean, one year low, below 1,835 be the lowest since january 12 of last year. >> yeah. liz: what's that tell you? >> we're in a bull market 100%. outside of tech which is a little bit more of a dead cat bounce. bottom line is economic data is phenomenonal. we've got inflation coming down,

c p enumber was good. in addition to that yesterday, with the gdp number coming in better-than-expected and if you look at markets they trade between the gap between reality and what we thinks going to happen. i think the problem last year is everyone is just a little too negative and where the economy is and i think what you're see ing right now is that gaps coming like wait a second we might not go into recession and you're hearing strategists change their tune because it's not as dire as we've heard. liz: keith i'm going to force you to tell us what the non-tech stocks you find interesting. you said chevron. i mean, that of course is, well, they have a lot of technology at chevron, but they have definitely been making some interesting moves lately and today is not a move that investors love down about 3.7%. >> well, i don't know. i mean, respect fully i'll take the other side of the coin if i can get down a few shares and pick-up something on sale to your point they are investing in forward-looking technology so not just about dinosaur juice but outside of tech i'm looking

at lockheed martin for example. if you look at what's going on in ukraine and how china is agitating the u.s. needs to rebuild defense inventory. that's a stock with us for a very long time. if i look at healthcare we have other choices there, in particular, you've got elder care and so something real estate investment trust centered around medical properties or post-surgical operative, but those are areas we're also pursuing right now. liz: okay that absolutely make sense so thanks for playing along look at the dow up 209 points making newer and newer highs in the last i want to say four and a half minutes. hasbro, ryan payne, hasbro announced it's knocking down 15% of its workforce. it really had some bad news here they had said as well that they are going to really miss on the holiday quarter when it comes to sales. >> yeah and that's a little bit troublesome like what's retail sales look like for the last quarter. liz: toys no less during

christmas. >> the consumer has been relatively strong, but i do think this year, when you think about like what's going to drive everything, it's going to be china. the reopening of china is such a huge component to the global economy that i think that's going to drive everything so even if things are a little bit slow last year like with buying toys and goods in particular a lot of consumer spending has gone away from that to travel going on experiences and things like that, so i think bottom line is the consumer is strong even though, it's not indicative of more problems to come i guess liz: right so maybe surgically look at stocks that could get that bounce from china, but keith? the fed. he didn't mention the fed and the most important thing is china. the fed on wednesday, the fed for the rest of the year, do you foresee the fed eventually cutting rates this year? yesterday our closer, and well it was john lonski, the economist here at the top of the show, said they are going to be forced to cut rates before 2024. i disagree and think they will do everything they possibly

cannot to cut rates in 2024. >> well, it's very very tough call. my own forecast is the feds going to get backed into a corner around june or so and maybe, maybe they are going to admit they have been as wrong about rates as they were about transitory. now will they be dumb enough to continue to raise rates? i think that's probably a foregone conclusion because they don't seem to recognize the damage they are causing to ryan's point you've got to stay on the gas with the right companies because it is stronger than you perceive which is why the markets are doing exactly what they are doing today. liz: they are pounding higher up 205 for the dow jones industrial s nasdaq up 1.5% or 177 points s&p up 32 gentlemen thank you. we've got to run because we need to get back to tesla. they are making more to this stellar 25% gain over just the past two sessions than meets the eye. tesla and twitter ceo elon musk

has been spotted in the halls of congress meeting yesterday with lawmakers talking about ev production, electrification and yes twitter. the billionaire tweeting, "just met with speaker mccarthy and representative jefferies to discuss ensuring that this platform is fair to both parties" but hillary vaughn learned the hush-hush meetings are continuing today only this time not on capitol hill but on tesla's d.c. turf. hillary is on capitol hill where i'm sure hillary the halls of congress are buzzing over this one. reporter: yeah, it is quite the appearance of elon musk on capitol hill today. he's not been shy about his dislike for some of the thins that are happening here in washington but he spent the past two days here schmoozing with republicans and democrats. musk on the hill today to meet with the top republicans on the house judiciary and oversight committees jim jordan and james comer, a source familiar with that meeting tells me they discussed everything

from twitter files to the origin s of covid-19. musk also met with speaker kevin mccarthy yesterday. mccarthy says he came to wish him a happy birthday, they have been friends for years but mccarthy moments ago debriefed reporters on what they talked about in his face-to-face with elon musk. >> oh, we talked about creating , making sure twitter is fair on all sides. he wants to have a level playing field for everybody to have a voice. he's really defending the first amendment and really good discussion. hakeem jefferies was there too. he had not met him before. reporter: today, musk also met with biden advisors john pedesta and mitch landreu. they are in charge of implement ing the bipartisan infrastructure law and the inflation reduction act that includes billions for the clean energy industry in the meeting the white house spokesperson tells us they talked about their shared goals to go electric but the big question is, is this

meeting signaling that democrats in d.c., within the biden administration and elon musk, if they're turning over a new leaf. white house press secretary kari ne jean-pierre was asked if this is a turning of the page in the relationship between the white house and elon musk and she says basically that it says a lot, that these two advisors met with elon musk and it shows the commitment that the president has to electric vehicles and essentially, getting the money to invest in these new clean energies which elon musk so far, liz, has not been a big part of that conversation, but today, it seem s like the white house is reaching out to him to make him part of it. liz? liz: boy what a far cry from what a year ago when biden wouldn't even include him in discussions with car leaders about electrifying vehicles? that was so insulting, but listen, ignore him at your own p eril. we want to say tesla is the most

actively-traded stock in the new york stock exchange and any of the exchanges. i was just reading that recently , so it's a lot of people who are very interested in what goes on here. hillary is on the case if she gets any more she will let us know. what's in a name? one of the biggest multinational corporations in the country is rebranding. pharma distribution giant ameri source bergen number 10 on the fortune 500 its ceo is here to tell us what sparked the move to change its name and give up pretty spectacular ticker symbol abc. steven colis is next with us in a fox business exclusive.

♪ if you walmart, you know ♪ that with everyday low prices you can spend a little less, to get a little more, to make life a little better. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪

permex petroleum is leading the charge in the prolific permian basin with an attractive portfolio of oil, natural gas, and royalty assets. with expanding drilling operations and plans to uplist to the nyse, permex petroleum is poised for growth. ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. research shows people remember ads with a catchy song. so to help you remember that liberty mutual customizes your home insurance, here's a little number you'll never forget. did you know that liberty mutual custo— ♪liberty mutual♪ ♪ only pay for what you need♪

♪only pay for what you need♪ ♪ custom home insurance created for you all♪ ♪now the song is done♪ ♪back to living in your wall♪ they're just gonna live in there? ♪yes♪ only pay for what you need. ♪liberty liberty liberty♪ ♪liberty♪ 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: taking a look at walmart and cvs both moving higher as both face a pretty significant problem. their pharmacy divisions don't have enough pharmacists. they have just announced they are cutting back hours at thousands of u.s. locations due to labor shortages. walmart says what it's going to do is adjust working hours at 4,600 locations while cvs is doing the same for two-thirds of its stores, and when they say adjust, they mean cutting the hours. all right, as major pharmacies shorten their hours to deal with staffing issues, a different change is coming to a very big name in the pharmaceutical game. amerisourcebergen this is one of the largest drug and healthcare product distributors in the united states is transforming in the second half of this year to the name sencora , that will also change its ticker symbol from abc to cor. chairman, president and ceo

steven collis joins me in a fox business exclusive. steve, i bet there are companies falling over themselves to grab the abc ticker but this is a big change. tell us why you're doing it? >> yeah, thank you. this is truly a pivotal moment in our country's history. we're 22-year-old which is really the number three and four wholesaler, just before 9/11, actually, and we don't believe that the name amerisourcebergen reflected our global positioning and aspirations, and our need for an integrated operating model, and during the pandemic, we've increased our role. we are much more prominent in the nations health security and we wanted to also diversify globally so that we can do services both to our manufacture customers as well as our provider customers including hospitals and pharmacies, physicians offices, and our strategy was really to go global and offer that integrated model

and this name will reflect a unified and aspirational operating brand that reflects our purpose, and the positioning that we have globally. liz: listen, i'm all for it because the name amerisourcebergen takes up way too many characters on our lower third banners and we're limited; however, you've got to explain to me the choice of sencora. you want people to understand this is no longer an american- focused company. it is global and you've done that by making all kinds of deals with walgreens boots alliance, pharmaceutical distribution division, these are pretty big deals that you have made overseas. is there a rhyme or reason with sencora? >> so, you know, first of all, it's extremely difficult process we wanted to reflect a name that reflects our aspirations as i said and our purpose, but also, that was globally relevant, that was translatable, so sencora can be translated into 18 different

languages. recently as in germany, and i met with our management team, that's the latest acquisition we did in europe, which also has a u.s. presence, and i said what are your associates biggest fear your team members biggest fears and it was, is this company very american-centric and it's just the name is extremely difficult to pronounce in many languages. recently i met with the turkish delegation they were stumbling over themselves to pronounce it so we wanted to go with a fresh, bold name and this name really is an inspiration to our customers and our team members and really, we think reflects on how we see ourselves globally and how we see ourselves in the u.s. as well which is still by far our most important market liz: investors see you as a winner. certainly over the past year you guys are up 22% at the very time that the s&p has been down 8%,

so i mean, to me, this is a real opportunity to have a chance to show the world and have your ir people get out there and say wait a minute we've done very well and it goes well beyond this past year. i know i followed you guys. you have been real winners but tell me where you feel healthcare in general is going, because obviously, you were in charge of distributing 75 million doses of the covid vaccine over the past couple of years. covid, we hopefully have wrapped our arms around controlling much of it, and i know you're in a quiet period but can you tell us at 30,000 feet where you see that going? >> well, thank you. you know, you said it so well what this name means and reflects the hopes and aspirations of our company. you know, we are very proud of our role in supporting innovation in the pharmaceutical health system. we believe pharmaceuticals are the most efficient form of healthcare. i think there's going to be tremendous advances in the year ahead and i'm not even sure that the industry has got the

accolades and recognition that they received for literally saving our population and saving our, getting us back to the life we all enjoyed so we are proud with this role. we think that whatever the future brings we want to be the central partner, the partner for manufacturing and health systems. our role in distributing emergency use authorization products in the united states was very pivotal to the recovery and we couldn't be more proud of that and we hope to be able in the future to be able to be a one stop solution for manufactures that want to launch innovative new products and for providers and patients that want to access these life changing therapies. liz: well the new name and ticker go into effect in the second half of this year. bergen county is on the phone. they are a little upset but they just have to deal with it. great to see you, steve, please come back. >> thank you. thank you for your time today. liz: good to see you thank you very much. all right here we go next, all

the buzz about buzzfeed in our pop stocks, and talk about doubling because buzzfeed's doubled. pop star taylor danes went gold, platinum, you name it, did not end there with multiple top 10 hits and made it to the broadway stock exchange but the superstar singer's life suddenly changed last year when diagnosed with colon cancer. hear how taylor faced down the threat and got backup on stage just months after major surgery. you want to hear strong? then download this week's episode of my everyone talks to liz podcast get it on apple, google, spotify, wherever you get your podcasts, closing bell 35 minutes away dow is up 143. ♪ 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 hi. i'm charlie kirk. i started turning point usa to do the work to help save america. right now, the world economic forum and global elites are planning the great reset. this is why i want to send you my exclusive book for a gift of any amount. this book takes you behind closed doors to reveal their radical agenda and arms you to fight back for the future of our country. call or go to tpusa.com right away to get your copy, and let's stop the great reset. ...will remain radioactive for years to come. well, thank goodness. it's time for the "good news of the week." and, boy, do we need it. [ chuckles ] well, this safe driver saved money with the snapshot app from progressive.

-how do you feel? -um, good? he's better than good. he got rewarded for driving safe and driving less. sorry, barb, just to confirm, this is the feel-good news of the week? this is what we found. -yay, snapshot!

liz: okay, this is just hitting the tape. fox business alert bloomberg news is reporting that u.s. regulators are investigat ing elon musk's role in self-driving car claims. the review is part of an ongoing sec probe into the company's public statements about its autopilot driver assistance system. not hurting the stock, it is still very close to session highs. session high for the stock about $180 and change, we're at 179-point of 66 up 12%. harris technologies rocketing higher by more than 7% after defense contractor reported better-than-expected results for

the fourth quarter; however, the company did say margins were taking a hit from high material and labor input costs. shares of good year tire and rubber hitting the skids down three and one-third percent after the company said it will cut 5% of its salaried staff globally or 500 positions in an effort to reduce costs. goodyear expects to incur pre-tax charges of $55 million as a result of the cuts. the company also warned of a weak fourth quarter ahead of results which come out february 8. boy are we seeing a busy two-day cycle for buzzfeed up another 69 % at this hour, after soaring bias much as 203% yesterday. the stock building on to gains after a report that said buzzfeed could help create content for meta platforms and will soon turn to chatgpt to help create content for itself. yes, ai. so does that mean open ai is essentially creating content for facebook and instagram?

buzzfeed up 404% year-to-date it's still just $3.56 stock but a big move here over the past two sessions. investors are eating up chewy shares after wedbush raised its rating on the pet foods and accessories retailer to outperform from neutral and increased its price target to $55 from $35. right now it's at $46.63 that's a gain of 6%. the firm expects chewy will benefit from steady demand this year as well as improved ebidta margi ns. while chewy gets a boost there is a new king of the roost. some are calling it the uber of eggs. one pennsylvania company is sharing their chickens with anybody who wants to pay for it to battle the high cost of eggs. this is an unbelievable story you'll have to stay tuned for. jeff flock is doing it. he's going to show us his new rental flock in just moments. get it? get it? and which came first?

the chicken or the chicken franchise? dave's hot chicken, one of the fastest-growing restaurant chains in the country, one of its founders along with the ceo, here to talk about their lightning fast expansion and their backing by hollywood a- listers from samuell jackson to drake. closing bell 27 minutes away dow off session highs still a gain of 168 the s&p up 30 and the nasdaq up 174 points on- track for its fourth up-week in a row. we are coming right back. 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.

♪ ♪ engineered to elevate the senses...

touch, sight, sound, and scent. it's the electric that recharges you. the all new, all electric eqe sedan from mercedes-benz. i work hard, and i want my money to work hard too. so, i use my freedom unlimited card. earning on my favorite soup. aaaaaah. got it. earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours.

say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod.

♪ ♪ 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 liz: fox business alert. the cost of eggs, you've been hear about this. they have reached eggstreme heights with an average cost of a dozen large grade a hitting $4.25 more than doubling for a 60% year-over-year increase. consumers, say you know what? we're going to find new ways to

offset the cost. renting chicken coups to test out what it be like to have eggs laying hens right in their backyard. let's go live to jeff flock in pennsylvania with a company and you've got one yourself, laying your very own flock, jeff, this is unbelievable. reporter: [laughter] it's a small flock, liz, but i'll tell you, i'm very excited about it, because those are my chickens, right? >> yes, these are your chickens from rentthe chicken.com. in fact i've dot something from my flock to your flock, jeff. here are some fresh eggs to get you started. reporter: it's a starter pack before they start laying so show me the whole deal, phil. this , you rent the coup. you rent the chickens. yes. liz: liz wants to know how much is this costing me? >> yeah, liz so we deliver throughout the united states and canada and our starter packs comes with two chickens and about $500 for a six-month season. reporter: all the eggs i can eat in six months.

show me the digs of the chicks. the chicks digs, come on around here, can you come here? can you pop that open? this is where they live. very small, small footprint. what do you see in there? oh, yeah. liz: that's so cute. reporter: what do you got? >> well they definitely have a lot more space than a factory bird will have. reporter: you grab one? let me grab one. the thing on this , liz, is you rent this. if you decide you know what? i'm chickening out on this , and i want to give them back, not a problem. you can give them back and you can let them run in your yard like we're fenced here so could you put her down? >> i definitely can, you bet. reporter: where will she go? now the interest in this has boomed. you've been doing this for a while but the interest has boomed with the whole egg prices yes, not only egg prices, but you know, chickens can provide natural tick control eat up to 80 ticks in an hour, and kids, it gets them off their devices, gets them into the yard out in the sun for the summer. chickens are definitely the way

to go. reporter: where is my chicken going here? liz: [laughter] reporter: let me get this guy before he gets away. liz: catch that little thing. reporter: wait a minute. liz: you're in trouble now. >> look at that! reporter: i've got him. >> you're good, jeff. i think you are a chicken tender now. liz: awwwww. >> taking care of the chickens. liz: very good. that's amazing give the price one more time, jeff? reporter: what's that? liz: give the price one more time to rent these chickens? reporter: $500 for six months. >> that's right. six months. reporter: 500 bucks pay for the feed -- >> no i provide the food, the water dish, everything, and full support, so you have some chicken friends. reporter: so you're cleaning up for the chickens? >> there's not a lot to clean-up. that nesting box area, i wonder if there's any eggs. reporter: let's take a quick look before they get away. did they lay one yet? liz: staged!

staged! reporter: no, they actually, it's warm. feel it. it's warm. >> it is warm. liz: give me that. i don't know what to do with it because i can't cook, but -- that's amazing. >> guess what? liz: rent the chicken that's fantastic, jeff, thank you very much. get on that, you guys if you have a fenced in area. rent the chicken because eggs are so expensive. while jeff focuses on the eggs one of the fastest growing restaurant chains in the world is zero focused on the chickens. dave's hot chickens started serving food in los angeles parking lots. okay, one in west hollywood. actually it was east hollywood, because i know the neighborhood. opening now, to 107 locations talk about growth. they now have more than 700 in development and as demand for its seven spice level chicken sandwiches saw sales grow 155% year-over-year to 203 million in 2022, the fast

casual chain has gotten the attention of huge hollywood money. boston red sox chairman tom warner, academy award winning actor am soul l. jackson and grammy award winning drake so believe in dave's hot chicken have all invested. can the franchise blockbuster fr y the competition? we're joined by the co-founder, and ceo bill phelps. >> good morning. liz: this is unbelievable. you guys started with 900 bucks in a parking lot in east hollywood? tell me about that. >> yup. liz: wow. >> yeah, just me and two of my friends, dave and tommy, started with we had $300 each saved up and we put it all together worked on our recipe and opened in east hollywood parking lot. liz: and how many did you sell that day? >> our first thing we did $40 in sales which was, i think we were blown away. it was amazing to us that we even got those four customers.

liz: [laughter] >> slow growth. liz: it is unbelievable how you have exploded since then. bill, you're the grown up i would imagine they brought into run the thing. >> i agree. liz: exactly. why was it important to you to sign on to this company? >> it was the best tasting fast food fast casual in my entire life. i went down with my wife. we tried it and i said i'm in. we have a partnership with a movie producer john davis and he invested in wetzels with us and invested in blaze pizza with us and we saw this business and we said we had to do it. the product is insane. the marketing is great. we just loved everything about it. liz: well, again, you've got a franchise opportunity here. armen, you just opened your hundredth store in brooklyn. how much did it cost them? i know these things can be cheap they can be expensive. i understand starting is about

750k to start one of these franchises. how high would that go? >> i don't know exactly how much it would cost brooklyn franchisees but i do know it's a really really beautiful store with amazing art work on it and it's one of my favorite stores but yeah the cost can range anywhere from 700,000 and up. we want to build really good quality restaurants that are going to last. there's tons of cool graffiti inside, so it's a really cool concept. liz: and you're going international, right, bill? you've got two in the united arab emirate. where else do you have them? >> one in qatar that's doing an incredible job and we're in canada as well. as drake wanted us to go there so we got a franchise there. liz: drake is canadian. absolutely, armen, there's a lot of competition out there. i'm thinking popeyes, raising ca ine's, chick-fil-a not to mention kfc. who are you going for here? >> um, honestly i don't think we focus too much on the competition. we really want to focus on our

own brand. we want to focus on producing the best food possible and the way we see it is if we focus on that everything else will just kind of fall into place. liz: bill, you know, the economy , core personal consumption expenditure, it's the fed's favorite inflation gauge. core pce. it's still year-over-year it's still too high and americans are paying a lot. how have you been able, if at all, to manage and by the way we're looking at a live picture of jeff flock's live chicken in his backyard. >> [laughter] >> i love it. >> you've been using chickens all wrong, bill. liz: [laughter] but how are you dealing with the price of cost of the ingredients here? >> actually what happened was the cost went up dramatically last year. we hit a peak of $3.50 in the fall of last year. that numbers fallen to $1 just in the last four months, so it's actually going the right way for

us in the short-term and it's great, and so the margins are fine. we see the inflationary pressure s really being reduced over the last three or four months. liz: that's good. >> we don't see taking many price increases if any this year so that's good for us, good for the consumer, and we're psyched about it. liz: and for those of you who don't know dave's they have seven levels of spice starting with no spice going all the way up to something called the reaper. it's boiling i would imagine but people love that. bill phelps, arman ogunsean, great to have you both thank you so much. >> thank you, nice to talk to you. liz: please come back because i know you guys are probably looking to go public at some point. >> thank you. nice to talk to you. liz: good to see youment former cnn president jeff zucker getting into the venture capital business, charlie breaks it, next. closing bell 12 minutes away. the dow quite a bit of gains here still up 95 points but we

have been up more than 200. stay tuned we're coming right back and we have our eye on that and now wait until you see i'm sure in the commercial break everyone is going to descend on dave's hot chicken.

there are some things that go better...together. burger and fries...soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™

to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive 50% off installation of your kohler walk-in bath. and take advantage of our special low monthly payment financing.

liz: former cnn chief jeff zucker three months on the job running a new venture fund. charlie: i thought zucker was such a capitalist. he struck me as a lefty, a guy who worked at cnn. though he did great programming in his career. liz: he's in sports now? >> he runs a long time sports fund. it's a venture with another company called imi. almost like tmi. too much information. we understand that zucker is

making the rounds talking to investment bankers and advisers where to put his money. i understand he's look for sports opportunities in the middle east. where he's putting that money, i can't tell you. but if you covered the world cup it's a huge thing. zucker interesting enough, he's a sports freak. he's totally into sports. he actually talked to people about running espn at one point. he talked to people about being the nba commissioner. kind of a shortish jewish guy being the nba commissioner is interesting. he's not a guy to be playing basketball. basketball..

does * david stern. all jewish as am i. and on this day i think we need to remember we are contributors to this economy, et cetera, and jeff zucker as well. go on. charlie: i'm sorry, did i offend you? >> no, i'm proud. >> my dna came back from 23 and me. impart of the tribe. 30% eastern european jew. liz: warner brothers discovery going big into sports. based on what i'm hearing. this is middle east. that's where they see the opportunities. i would love to get him on the

show so he can talk to us and give us some of his two cents. wouldn't that be the most ironic thing or crazy thing? liz: he never loved me when i worked under him at cnbc. charlie one of my first stories here was jeff zucker's enormous pay package was leaked to me. i saw him the next night at the white house correspondents dinner and basically gave him the finger. liz: charlie, thank you very much. the markets losing a little. let us bring in with $44 billion in he sets. cliff, nasdaq is on fire.

where are you ready to invest? >> not in the nasdaq. obviously we had quite a rally at the beginning of the year. we just think the market is open to pivot and driving a lot of this. we just don't seat pivot. sourcing opportunities away. we like the front end of the bond market. we like international markets. we certainly like dividends. companies with cash flows. >> i would be remiss if i didn't point out the dow looks to be losing all of its gains at the moment. we are now up to 9 points after being up 200. we have our team working on what's going on there. we have a lot of dividend-paying

stocks in the dow. any particular sector? >> sure. we like energy. you look at the p.e.s. that's a very good place to be. we'll expect a little bit -- that's a good place to put capital. liz: when you look at what's going on, you feel that the federal reserve would probably start scaling back and maybe pause at some point? do you have a point on the calendar where you watch that? people talk about how that could snap back and be a bigger rally 0 for stocks. >> it's really what they are going to say, not what they are going to do. they will continue to push the market and open the markets back. maybe it's 5%.

5.25, somewhere around there. we don't think it will be a quick down. the 2% target, we are far away from that. liz: the dow is clinging to 22 points of gains, but losing a lot of steam. we have the s&p. and the nasdaq with the longest win streets since august. we hope you have a healthy, wonderful and safe weekend. "kudlow" is next. larry: hello, folks, welcome to "kudlow." i'm larry kudlow. the house republicans off to a good start, passing two energy bills that make a lot of sense