soaring, 18.5% in the fourth quarter, we're at a record now. outstanding debt, $430 billion, on top of that, payments are zooming. the average interest rate on credit cards has erupted in the past year. so, you know, listen, it's great when you can cut back on the small amount with respect to the late fees, but the bottom line is you know there's going to be the late fees. that's why people are coming back to the labor force which is a good thing, a although i'm not sure they're going to make enough money to keep up with these the credit card bills and some of the other bills that are coming due. it was a lot of fun, but the free ride might be over. liz claman. liz: yeah. great interview with cathie woo- charles: thank you, i appreciate it. liz: well, she's sticking to her knitting which is give me five years. this is not a short-term fund. charles: exactly. liz: she's always said that. and she talked a lot about a.i., charles. we've got breaking news on that, headlines exploding as we speak. we told you about that land grab

in artificial intelligence on the heels of the record-breaking number of downloads of chatgpt? well, microsoft, which has a multibillion dollar investment in open a.i., the parent of chatgpt the, shares are just climbed after announcing in the last 20 minutes a surprise event tomorrow at microsoft headquarters in redmond, washington. it is widely expected to announce a new version of its new search engine, of its search engine bing that will have a chatgpt interface built into it. now, google kind of beat microsoft to the punch here, just a few minutes earlier announcing its response to red-hot artificial app chatgpt, the new experimental experience, bard a.i., it's been tested before a broad public launch. bard, according to alphabet's google, generates textual responses to questions that are posed by users. pretty much what chat bot

chatgpt does. as a.i., artificial intelligence, becomes the hot sector, c3ai has been on a winning streak with shares up 140% year to date. the company recently announcedded a new a.i.-focused product suite. also gains today, sound hound a.i. and big bear a.i. which are moving higher, c3, as we said, up 4.25 the %, big bear up 11.33%, sound how long up 34%. boy, this reminds me of the dot.com excitement of 1999. beware. not everybody survives that. as we kick off the final hour of trade, let's get to the markets on this monday. stocks reflecting one emotion for pretty much one reason, angst after that sunshine and rainbows jobs report on friday which showed jobs picture is stronger than ever, and that can only mean -- at least investors interpret this -- that jay powell and the federal reserve are not done raising interest rates in an effort to quell inflation. the dow, which by the way, had shed 127 points on friday after

of the labor department announced the u.s. economy added, yeah, remember? 517,000 jobs during january. adding just about 38 points to the lows, to last friday's numbers. and remember, you know, earlier we were down 242% for the dow, so up off the lows there. the s&p are retreated friday by 44 points, and that's adding another 23 at the moment to the s&p two-day losses. and after dropping about 194 points on friday, the nasdaq -- which has been strongest year to date of the major indices -- down about 106 points. normally, we would not jump right to treasury yields, but they are very much a hot story this session. look at the 10-year yield. the previous close for the benchmark yield was 3.53%, and right now it has jumped 10 basis points to 3.63%. the 2-year yield looks like a roman candle shooting up right now about 16.7 basis points to

4.458%. earnings, though, still also very much a story. this week another 19% of the s&p report or, you know, confess depending on each company's situation. they will confess or report on how their quarters have gone including activision blizzard and tyson after the bell this afternoon. tuesday royal caribbean and chipotle. wednesday, big day, uber, disney and fox corporation. and thursday, lyft, paypal, pepsi and news corp.. not, though, the greatest earnings season so far. we're halfway through it, and while 69% of the s&p companies that have reported have beaten profit estimates, that's actually subpar and points out it's below the 5-year average of # 7% -- 77%, which can only mean that, yes, all the hand-wringing about tech layoffs with dell announcing it's cutting 6600 positions or 5% of its work force has begun to the kind of work its way into consumer behavior and thought even though

the overall labor market remains very robust. you've got dell could be 2.8% -- down 2.8% in a weakness in the pc market certainly, probably is part of the reason. alphabet down 1.6%, microsoft down half a percent. but from the mixed signals department, last thursday the s&p hit a 5-month high forming what's called the bullish golden cross-pattern. that's when the 50-day moving average for an index climbs above its 200-day moving average, and that, of course, is bullish. nonetheless, goldman sachs says stock markets are basically going nowhere here in the u.s. this year as soft landing scenario is already priced in. and even if we were to avoid a recession, earnings are, quote, unlikely to grow substantially. so we've got the federal reserve's eight interest rate hikes in a row, eight months of declining inflation and yet we've got a resilient jobs

market. does that make what's ahead a better or more cautionary investment environment? let's get to the money men on our floor show. joining me, trader scott shell key and ceo and chief investment strategist david kudla. analysts expect earnings declines for the first half of 2023, but then earnings growth for the second half. scott, does logic not take over here and signal that it's time to ladder into good quality names that are trading at a discount? >> well, logic would say to ladder into good quality names that trade at a discount but just not quite yet, that's all i would say. look, that number was such a shocker, i think even after the weekend and we got by the balloon fiasco, i think the market's still digesting that. i saw a lot of things raid from fixed income to commodities to stocks that just were listless, not quite sure, is the economy that strong? i don't think there's anybody out there that can say that

number didn't throw what they thought into doubt. i don't feel like it's that strong. 40% of americans think they're worse off today than they were before biden became president. i mean, there are some issues out will the that i need a little bit more data because whilst i thought things were getting worse, that number blew me away. and so i'm not quite sure what to believe. i think that there's a lot of things out there that are still trying to find the their feet because of it, and i don't think anybody that's got any rationaling to them could say that number's going to give them a clearer picture. i think it muddied the waters. i would be very careful because you could say that's going to embolden the fed for more interest rate hikes, they could hurt the economy like everybody's worried about. i'll say this right now though, i'm not in for a soft landing, i'm not in for a hard landing. i'm in for a long landing, okay? and i think that that's what those folks that are talking about the stock market not going to get very good earnings for a period of time, i think that's probably correct. liz: okay. so not a chinese balloon

exploded landing, that the much we can be sure. [laughter] david, what matters more than earnings right now? if we have an earnings pick -- picture that is subpar but we've got the s&p hitting a 5-month high last week, you talk to me and our investors about exactly what matters more. >> i i think there are four things that matter more. and they were headwinds for the market last year. we had the dollar, inflation, the fed and interest rating. rates. and near the end of the year in the fourth quarter, those became tailwinds for the market. and we've seen that right through midweek of last week. even the fed has become more dovish. certainly, the presser that jay powell gave haas week much more -- last week, much more dovish or balanced than when we go back to jackson hole or the september fomc six months ago. so we know that the market is looking for when will the fed

pause, when will the fed cut, and, you know, i agree with scott, this friday number, i think, probably surprised some people, and it's a reminder that they've still got work to do because they're looking hard at the labor market. we've seen wage is declining over the last six months, but the jobs, that jobs number was very strong, and that is the fight they continue to fight. good core goods inflation has been coming down, but services -- and that's labor -- it remains stubbornly high, and it's going to be the problem for bringing inflation down further. liz: scott, to your point about the economy, somebody may not is have at least let american consumers know that you feel or that some feel the economy might not be as good as it looks or as solid, let's put it as solid, on solid footing as it looks. we have record high credit card interest at the moment, record credit card debt is on the rise as well. so is this like something, aic

thing time bomb waiting to -- ticking time bomb, and which stocks would you avoid if there is some type of scare in that regard? >> well, here, listen, you're right about the credit card debt. and it's only getting worse because the fed's raising interest rates too, so that's going to the hurt even more if they don't spend another dime on their credit cards. but the reason why we have record low savings rate and record high credit card rate is, i'm sorry, but we kept on using that word transitory so much so that the american consumer began to believe that i can get through the short-term problem, this transitory problem. this transition's not going to be that long, i'll drain my savings and use my credit cards to get through it. well, they've come out on the other side of that, and they don't have any more savings, heavy got their credit cards through the roof, and now the fed's jacking up interest rates on those balances. and there's been some research that says lately they're worried that the consumer is about to crack because they can only take so much. cpi is down because of things like used car sales. well, how many times a year do

you buy a used car? every week like eggs? no. there are some things in there that are giving me the idea that i think the overall market, i still say it's going to come lower before it goes higher. now, i know, i want it to go higher right now too, right? my mom's 82, i'd love to see her have some good winters while she's in retirement. but i'm still leery of the fact that i have so many conflicting signals. you can't have 517,000 jobs on friday and 106 when you expected 178 on wednesday with the adp. and there's any number of things i could tell you that, look, the consumer does not feel good. so the numbers that i just mentioned about 40% think they're financially worse off over the last two years than before that. so i'd say be careful. there's a little bit more time here. the market's not going anywhere anytime soon. liz: okay. >> i'd like to buy things lower, all things lower. liz: okay. so, david, to the that end, where are you increasing your allocation? because if you listen to goldman sachs, suddenly they say, you

know what? we're raising our -- talk about mixed signals office, which is what i said -- [laughter] they're raising their s&p target from 3600 to 4000 and then saying u.s. stocks will go nowhere, so they like non-u.s. stocks, credit and cash which is, of course, code for treasuries as you park it there. where are you increasing your allocation? >> that's where we're increasing our allocation. we like overseas. look at europe. how far down they were last year compared to the u.s. and the fact that, basically, their pe is trading at a significant discount. the pe for europe stocks, 600, a significant discount to the u.s. we're at 18.5 here, they're at 13 in europe. we thought they were going to -- it was predicted they would have a worse recession than us if either continent gets a recession. but the, now with the warm winter, all bents are off on the harold recession. they think they can avoid one.

end when you talk about consumer sentiment, the consumer here versus europe, consumer sentiment bottom there has had a hard v-shaped recovery off the bottom, a spike up. and it's a result of this winter being warmer, the energy crunch not having as much of an impact on the economy as they thought. so we're looking at europe. even with the reopen opening in china, that's good for asia stocks. so that part we like as well. so we think it make makes sense to look abroad where we can questionersfy our portfolio and diversify if it in a tactical way where we see opportunity. liz: gentlemen, thank you. we're still looking at the dow lagging here, could be about 61 points at the moment -- down about 61 points, but i would just point out the volatility the index dex, the vix is up about 4.6%. so as i said, angst pervading the market at the moment. speaking of anxiety, well, that chinese spy balloon tearing a hole in relations between the world's two biggest economies and strengthening the call to ban tiktok over its data

collection and national security implications. we're going to take you straight to capitol hill for the latest development on the bipartisan moves to shut down the popular social media app. gather the teens around, folks, we've got some news here on tiktok. closing bell, 47 minutes away. and we are coming right back. "the the claman countdown" has much more straight ahead. ♪ ♪ 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. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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liz: we have some breaking news, remnants of that chinese spy balloon are now on their way from the coast of the carolinas to the fbi processing lab in quantico, virginia is. this according to senior u.s. officials. the balloon, as you may have heard, flew across the u.s.

friday, and once it was over the ocean was shot down saturday by u.s. jets. the balloon was 200 feet tall, and the payload are under it weighed a couple of thousand pounds. officials did not rule out that there could be and could have been explosives onboard that balloon. this new confrontation with china is ramping up calls from lawmakers to ban popular social media platform tiktok. last week i spoke to senate intelligence committee chairman mark warper who's leading -- mark warner who's leading the charge to ban the chinese-owned app. here's what he said. >> the amount of data that tiktok is collecting, and since so many users are kids, on our kids that that data resides in china. and even though tiktok has said that's not the case, there have been constant examples where it has been proved that chinese engineers are still getting access to that data. liz: and that was before news of the balloon became public. now with talk show star bill maher calling tiktok the, quote,

real chinese spy balloon, let's go live to chad pergram on capitol hill where the anti-tiktok rhetoric is amping up at this hour. >> reporter: liz, don't look up. the threat may not come from above. instead, look down the at your phone. lawmakers are bombing -- becoming increasingly worried about tiktok. that's why some want to ban tiktok. they see it as a spy device in the palm of your hand. >> but the other way to go about this is going directly to the company. they are now working with u.s. intelligence folks to try to make sure that the proper precautions are taken is so the chinese cannot get access and use it for spying. so this is something we have to take seriously. >> reporter: democratic senator michael bennett asked google and apple to ban tiktok from their app stores. the plan is generating bipartisan support. >> we ought to just go the whole nine yards and just ban it in the united states completely.

but now, of course, banning it from the app store would get a lot of the way there. so i think it's a good step forward, and let's see if we can't get this thing done. >> reporter: however, there are challenges for congress to ban tiktok itself. >> there is a -- to crack down and at least apply long overdue -- the. [inaudible] and, frankly, constraints on the use of tiktok because of the clear and present danger it represents to our national security. i'm joining in those efforts. >> reporter: in 1988 congress adopted the berman amendment. it's named after a former california representative, howard berman. berman created a carveout in u.s. law for those working on creative projects in nations hostile to america. the intention was to protect free speech, but lawmakers may need to undo berman amendment if they want to ban tiktok.

liz? liz: we are all watching it very closely, chad, and our kids too, i'm sure. [laughter] republican lawmaker -- and i'm sure you saw this, chad? matt gaetz tweeted hours after the balloon was shot could be, quote: now blow up tiktok. so he and bill maher are on the same page. manage that. imagine that. super bowl week is here, and one company is going absolutely viral using its nothing begin for a chance to make its products the most popular head wear inside nfl stadiums since the exceedhead. really? the -- cheesehead. the founders of noggin boss are here on the massive problem they actually face right now because of all this demand. we're 38 minutes before the closing bell rings. keep your eye on the nasdaq, that's the percentage loss leader, down 1% or 129 points, followed by the s&p down 28 points or three-quarters of a percent. the dow right now lower by 67 points. don't move, we're coming right

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dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones ♪ liz: super bowl week has officially kicked off, and i personally am so happy the cleveland browns are finally getting to the big stage. [laughter] oh, they're not? >> well -- liz: oh. not the browns? okay. the eagles and the kansas city chiefs, fine. they're going to face off in super bowl lvii at state farm stadium in glendale, arizona,

live on fox sports this sunday. but as the nfl season comes to a close, super bowl super hats are stealing the show. okay, what are we talking about? did you see? washington commanders' running back brian robinson wore this cartoon-sized-looking hat after a win, and that photo went viral. and buffalo bills' star qb josh allen threw on one of the larger than life caps during a thursday night football game. demand for these huge hats, made by small business noggin boss with, now so strong founders are playing catch-up to the fill all the orders amassed after players started rocking their hats. this is a good problem to have, right? before you get a big head, consider this: noggin boss is unable to fulfill more than 90% of orders because customers want licensed products of their favorite teams on them, and noggin boss is not yet officially striking deals with any pro leagues. how close are they though? let's bring in cofounder sean

and gabe, live in arizona ahead of the big game. guys -- [laughter] >> thanks for having us, liz. >> it's a pleasure, thank you. [laughter] liz: you're welcome. let's just start, what did you think when you saw josh allen and other pro stars wearing these big hats? >> it was literally mind-blowing, you know? we've known the effect of noggin boss and just how contagious it is on social media, how viral it goes. but to see these going places that literally shouldn't go, you know, has been just rewarding on the front of seeing the validation from the product of noggin boss, but we're super excited to accelerate all the licensing navigation that we're trying to get into. liz: well, we were talking about how it's the biggest thing since the foam cheesehead and maybe even the foam finger, sean is. tell us about the genesis of the idea of these huge hats.

[laughter] >> the promotion industry and the collection industry hasn't changed in literally decades, and gabe and i just wanted to come out with something that's super unique and cool where people that want to promote all the things that they love whether it's a business or their sports teams or charities have the ability to do that. so we came up with this idea, and we launched at the waste management if phoenix open in 2020, and we knew that we weren on to something from the exposure and excitement that this created, and, you know, the rest is kind of history from there. liz: well, yeah. you had damon john of shark tank making an investment. he's a friend of the show. i am surprised that mark cuban didn't beat hip to the punch. mark, of course, is another shark, but he owns the dallas mavericks. and now he's apparently selling at least these in some form or another at his arena where the mavs play. but my question is, this is in a way a good problem to have, that you can't fill these orders yet because you don't have official

deals with the pro leagues, but how close are you? don't you need to speed this up? >> we're very close. we actually have applications in to the nfl specifically right now, and we know they're a little busy with all that's going on, you know, with this super bowl, so we're excited to get in touch afterwards. we have brought in a vp of licensing who's actually worked in the industry for over 20 the years. specifically focused on licensing. so we really couldn't have better partners, better people involved in helping us make these deals. we do have collegiate licensing that is actively going live literally as we speak, and it's super pun to see all the colleges that are reaching out wanting these, the players, the agents. it's heartbreaking to say no, but we know we're going to be able to say yes soon. liz: can you ramp up manufacturing quickly enough once you get the deals and you're able to slap the logos and designs on hem? >> absolutely. we've had to learn in the hard way a couple of times.

so, one, when we launched in 2020, the whole world shut down, right? into covid. so we had to figure out local sourcing, supply chain, decoration. that was the first time we had to pivot and figure that out. secondly when we went on "shark tank," we also had to figure out how do you grow a business that fast, in such a short amount of time. so we're ready. we have everything online ready to go, and all we need is to get those licenses in place, and we're excited to get the fans what they want. liz: right. i can only imagine that a lot of corporations around super bowl are demanding these things as sort of swag to give out, right? i mean, what kind of business are you doing around the super bowl? >> so it's quickly becoming, like sean said, the new collectibles in sports. and so, you know, we're seeing noggin boss being elevated to such a cool area where decorations, with crystals or bronze, we can actually do this in silver and 24 the-karat gold. so to have a company that wants

something special with their logo on it, customized in a way that they've never had before, it's really fun to get creative and innovative to be able to share this with people. liz: i can only imagine, it would be great to have the logo of "the claman -- whoa! check this out. [laughter] yeah, we got "the claman countdown." >> you look amazing. we have a saying that you use your noggin, and you be a boss, and you're definitely a boss right now, liz. liz: i'm a boss. can i just ask though, they're $75. that seems like a pretty hefty starting point for the price. >> you know, we wanted to create something that was high quality, and that it wasn't just a throwaway. that in this space is not currently here. when people touch and feel our ats -- hats, when they see the embroidery detail, we've had charities auction these off for over $# ,000 apiece and no problem -- $1,000. liz: yeah. this is embroideredded, it's not just slapped on like the new

nike swoosh stripe which is like a sticker. no, no, no, no sticker. good luck to you guys. >> thank you. liz: wish you the best. remember, when you can't fill orders, you can annoy people, so keep us posted on how it's developing. thanks. >> thanks, liz. >> we certainly will. thank you for having us. liz: gabe and sean, and the company's called noggin boss, and that's a fox business exclusive. don't forget to watch the big game on fox this sunday, coverage of super bowl lvii, kansas city chiefs and the cleveland browns -- i can't, i'm so happy. [laughter] oh, no, the eagles. starts at 6:30 p.m. eastern time. fox business alert, let's get to it. bed bath & beyond ripping higher, even all the bad news surrounding the stock? yes, the struggling retailer says it has missed payments to debt holders and could file for bankruptcy at some point. stock the is today up # 10% -- 110%. the frenzied trading coincides with short interests standing at

more than 45% of total float. so a short squeeze, that's what you may be looking at at this hour. at the moment shares at clash 6.49. no fun and games at the children's place after it cut its outlook on the fourth quarter citing macroeconomic issues. the children ice apparel retailer expects a net loss of between $52-57 million. the children's place becaming -- blaming higher splay chain costs. -- supply chain costs. energizer not living up to its name despite the battery maker maintain thing its full-year outlook. the company reports fourth quarter revenue and earnings fell short of expectations with top-line growth dropping nearly 10% to $765 million. activision blizzard set to report fourth quarter and full-year results after the bell. which rings in 25 minutes. estimates for the holiday quarter revenue, a gain of 28%, but full-year profit expected to

crop 28% -- drop 28%. the video game company is down 4.5% on reports that u.k. antitrust regulators are preparing to oppose microsoft's $69 billion acquisition of activision. right now the stock's at 71.80 and, of course, microsoft is putting in the bid for it at 98. ceo bobby coe deck, we're thrilled, he's going to join us in this hour tomorrow to discuss the penning deal and all the challenges that may come with it. all right, if a publicly-traded company says it's expecting 7-8% this year, that would probably give your portfolio a leg up, right? and one company that's a leader in hip implants and medical technology is doing just that. the ceo of stryker up next to explain that declaration. it's a fox business exclusive. closing bell, about 24 minutes away. we've got the dow down 44 points. you're watching "the claman

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liz: well, now that the frantic emergency-level need for hospital beds during covid has calmed considerably, it's time for that hip and knee replacement surgery you've been putting off. analysts expect a huge boom in demand for orthopedic quites this year with the sector returning to pre-pandemic levels by the end of 2023. it's got to be a trade, right? analytics firm global data anticipates the market to reach clash 50 billion this year -- $50 billion this year as both covid-19 and health insurance policies are boosting the sector by moving surgeries out of hospitals and into outpatient settings as well. the analytics firm specifically noted stryker, one of the world's leading medical edge the

companies -- it's also a leader in orthopedic devices -- specifically in outpatient settings. could the expected surge in the orthopedics market be behind stryker's new projection that organic sales will grow 7-8% this year? let's ask chairman and ceo kevin low bow of stryker -- kevin low bow in a -- kevin lobo. we're finally returning to both pre-pandemic levels which i know has been a difficult sort of reverse and coming back to that point for you guys, but also a change to outpatient clinics. >> yes. yes, liz. first of all, we're really excited about the change that we've seen in the fourth quarter we had terrific organic sales growth of 13%. part of that was, certainly, hip and knee volumes. and the trend to outpatient surgery, the that had started, frankly, before the pandemic and is really accelerating. patients who are healthy like to go to these surgery clinics. usually they're easy parking, it's close to the their home, staff is very happy, and it's kind of a nice place for healthy

people to go to get their procedures done. liz: well, sure. talk about the change you have seen so many people put off elective surgeries or surgeries that they could swallow until there was time and hospital space for them such as hip replacement, knee replacements, rotate ther cuff fixtures -- rotate ther cuff fixtures. what are you seeing as far as increase in numbers and the momentum behind that? >> yeah. we certainly saw a big surge in the fourth quarter, and we think this is going to be a tailwind for the next couple of years. many people, especially if you have a knee procedure, you can put that off, hip is a little harder because it pains you even at night. but we did see a decrease. part of service the people afraid to go the hospitals through the pandemic, part of it was also staffing. there were challenges with nursing and shortages, and so the waiting lists are actually starting to pile up. but we're seeing for us as a very nice tailwind. the fourth quarter was almost what i call back to normal, and we think that'll continue. there is pent-up demand.

these -- osteoarthritis does the not solve itself. it's a degenerative disease, so this accumulation of patients are going to come back to the operating room. liz: let's talk about pricing. you've hinted there's pricing adjustment coming, restructuring plans for 2023. can you put that into regular language for people who are watching and maybe investors who can then deduce what it'll mean for your bottom line? >> well, certainly we had a challenging bottom line in 2022 because of supply chain, and hip and knees reflect a little less than a quarter of our company. the other part of our company includes a lot of capital equipment that has electronics, and we paid through the nose for those electron thetics in 2022. we were not able to pass all those price increases on to our customers. we are in the process of starting to raise prices, and we're also having to cut costs to help restore our margins back to the levels they were at in 2019. it'll take us a couple of years, but we're on that trajectory. liz: you know, artificial intelligence, as we started the top of the show with in the land

grab heating up. microsoft has news about a.i., we know that google just put out news about a.i. in the medical technology field, you guys made an acquisition of a company that has artificial intelligence attach thed to its products. can you explain how that's going to work in with stryker and all that you do? >> yeah. i'm incredibly excited about artificial intelligence. gas surgical quantifies blood loss. you hold up the sponges and using an app on a phone, it computes how much hemoglobin is on the 13u7b. -- spunkings and determines whether the mother needs to have a transfusion or not. fda-approves a.i. technology. the leader of that is now a part of stryker. we've moved them into a separate group called digital robotics and -- with his a.i. team. they are now looking at how else can we deploy a.i. across the breadth of our portfolioings. we already have one application if for shoulder replacement where we use a.i. based on a

scan to actually suggest to the surgeon what type of implant they should use whether it's anatomic shoulder. so this is the future. it will be proliferated across all of stryker. liz: we've got to run, kevin, but do we have enough are doctors and nurses right now in our world? >> look, there is a serious challenge. nursing is the one we're most concerned about at stryker and, frankly, we have a technology that we brought called ocera which automates work flows and aches a lot of the cognitive load off nurses which we think will be terrific. doctors is going to be a longer term play, but in the short term, the nursing challenge is the bigger one. it's starting to get better, that's why we the return to procedural volumes in the fourth quarter, but it's going to be an ongoing challenge not just in the united states, but also in europe and other parts of the world. liz: sure. the graying of america, we need more doctors and certainly nurses. kevin, great to see you, thank you so much. >> liz, thank you.

liz: up next, today's countdown closer has three, count them, three stocks he says are set to go from zero to hero. and he'll tell you why. we're also going to take you to newark liberty airport as another aircraft incident has travelers worried about their safety. is the aviation industry overwhelmed? connell mcshane is going to join us live on that report. closing bell, 13 minutes away. dow kind of increasing losses, down 7 # points. but please remember, low of the session was loss of 2 the 42 can, so we've -- 242. so we've come a long way, baby. ♪ ♪

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liz: we got this "fox business alert." we showed you bed, bath & beyond jumping exponentially, 110%. we better show you other meme stocks. amc was halt ad few minutes ago. it is right now up 12%, gamestop up 7%. as you see bed, bath & beyond moderating a bit, still up 97%. amc entertainment resumed trading after volatility halt. the company announced ticket pricing based where you sit in the movie theater, dynamic pricing. movie theater chain will price

most seats standard. front rows at value rates. you your eyes will bug out of you are your head especially like "avatar." preferred seating smack in the middle of the you had auditorium. pretty significant moves for the meme names. national transportation board investigating a close call in austin, texas, saturday. they had to abort after a nearly hitting a southwest airlines 737 jet taking off at the same time. the planes came within 1000 feet for each other. unfortunately for travelers it is not a isolated incident. connell mcshane live at newark liberty airport, there was an accident over the weekend of the connell a accident or near miss, explain to us? >> reporter: two planes clipped wings here. to your point not being isolated incident just in the new york city area, that was the third safety related incident we had in the new york city airport

over the past month. here at newark, there were two united airlines aircraft on friday that simply got too close for comfort. one was a boeing 757 passengers on board. they were waiting to go to orlando to take off. a much larger plane comes along, a bowing 787. it was being towed to a nearby gate, clips the left-wing. no injuries luckily. faa is investigating. but the tip of the wing was snapped off the plane. two similar stints in this area, last month at kennedy airport in new york. there was a jet jetblue planes clipped wings. american jet crossed in front of a delta plane. there are investigations into all the incident, including the very scary incident took place in austin, texas you referenced. just before we came on air, alert cross ntsb preliminary investigation in austin they have come as closer as 1000 feet

but may have come close as 100 feet. as scary as that is. numbers from the faa. >> number of runway incursions they call them gone down in january of this year, compared to january of last year. when we say incursion. it could be anything. could be very small, person or a plane or a car just wrong place, wrong time on a runway but nothing happens. actual accidents are quite rare and what makes these particular incidents somewhat notable even more than that, is the data shows most incursions take place at small airports. of course newark, jfk, anything but small. so this sets us up for quite a conversation tomorrow, liz, because the house of representatives is already holding a hearing on aviation safety. no doubt all these issues we're talking about will come up. liz? liz: my, that was worrisome about the wingeting clipped. thank you very much corks anyone he will. closing bell four minutes away.

all major indices seeing nothing too dramatic. volatility fear index up 6.25% thus far this session. still below 20. we can't say when we have seen 40s in the past year-and-a-half. it is a lot of hysteria. everyone likes a good come backstory, 2022 slammed tech stocks. some improved. apple is still down 10% compared to this time last year. it surged 18% so far year-to-date. look at tesla, it has lost 38% year-over-year, but had a gangbuster move of 54% year-to-date. what about some other names? today's county downcloser has three picks to go from hero to zero. david dietze, chief investment strategist at p pack private wealth. he has 10 billion under management. i have to ask you about tesla. you sat in that chair as a tesla permabear. >> absolutely.

elon musk is a genius and of course they have the first mover advantage with the evs, they did a wonderful job marketing it, getting off the production floor in germany in china. of course you know, since then of course the stock got so high in very low interest rate environment. it was go to stock. you had to own it because it was in the top 10. it pulls back 60% since start of this year. some of it was self-inflicted. got involved with twitter so forth. liz: i agree. stock is up recently cut prices of model y, he can do that, his disruptive model enables minimum to do that, depending what is happening in the in the market he is now going to raise prices of the model y. do you think this hurts or helps tesla shares? >> whenever you raise prices it will improve profit margins and be good. he raised it just a little bit relative to how much he brought it back. i think the long-term thing all

carmakers in the world are pivoting to evs. you can buy an ev to everyone. where all the focus is. the problem you have got tesla at 54 times earnings, eight times sales. you have the competition trading about six times, so forth. how can i, i would never buy a car at eight times more than a tesla even if i liked the tesla better why should i pay that much more in the stock market? liz: you're still the permabear at least for the moment. get three from zero to hero. a little overstatement to say they're zero, you like pfizer, minnesota mining and manufacturing, and walgreen's. what do you think they have in common that will give them a real boost in 2023. >> i think we've got a different market environment than a year ago. we have real interest rates. therefore the present value of far duration earnings stocks is a lot less than it used to be. people are looking for stocks making money now and sharing that with investors today. all three of my stocks have a dividend yield of 3 to over 5%.

liz: nice. >> one of them, 3 in is the dividend king. you know what a dividend king versus dividend aristocrat? they raised the dividend 50 years in a row. it is second highest yield on the dow. it is a blue chip. walgreens has also raises the dividend 25 years in a row. people increasingly will be looking show me cash today. these are out of favor but they're all blue-chips. liz: like owning a treasury. 3.5%, great to have you. please come back. >> thank you. liz: david, you're a friend of us, we love to see you. [closing bell] that will do it for us here comes the closing bell. activision ceo bobby kotick will be with us tomorrow. ♪. larry: hello, folks, welcome to "kudlow." i'm larry kudlow. so, on the eve of president biden's state of the union address which is tomorrow night, joe biden's trapped in two major untruths. both of them are att