to survive. she has support, another viewer, saying i'm a patient person and will wait my turn versus paying extra for things that are, expensive enough ass. and finally this view or says i see no lines in life, only opportunities. you know, we came up with this segment because there's this thing floating around out there the that starbucks may have a way for you to skip the line. now, it's not official, but you can imagine someone many that starbucks boardroom thinking about that. amc came up with this recently. here'ses the problem though the, once they go down these roads, you supply first class, i can tell you, i'm a united flier, and they've got four dozen programs. i'm, like, the last person no matter how much i pay for a ticket. liz, you know what i'm talking about. military, i lo, go first. little kids, go first. but the k class and the b class, who the hell are these people? [laughter] and then they take my overhead

bin, i don't know. liz: we're the c class, charles and claman. let's go, we'll just burrow our way in. thank you, charles. folks, we've got breaking news coming at us, we're going to the start with the triumvirate of big tech names in the bull's eye, alpha bent, microsoft and activision is. look at the shares right now, you know, microsoft has just turned negative. i had been one -- it had been up most of the day, but alphabet is the worst performer, down 75%. that's not even -- 7.5%, on pace for its biggest percentage drop since october 26th of to last year. that's when it fell as much as 9% after warning anemic digital ad spending would ding fourth quarter numbers. this time, shares are falling for a totally different reasons. not all chat bot announcements bump up a stock. just hours after microsoft unveiled a big search engine

with an intelligence-powered chat bot baked into its web browser, this morning in paris google rolled out its early version of a.i.-driven search and an ad for bard, its rival chat bot still in test pause. what is that circle thing there? well, the slight problem. bard is not ready for prime time. alphabet's tanking because google's ad promoting bard's a.i. response to an astronomy question coughed up the wrong answer. the wrong answer. google spokesperson telling fox business, the error highlights the importance of a rigorous testing process. we will combine external feedback with internal testing to insure bard, we guess eventually, meets a high bar for agility. yes, we will see. okay. to microsoft and activision. so look at microsoft. it had been up for much of the session, we've got it down just about 31 cents at the moment, you could call it one-tenth of a percent lore, activision

blizzard off the lows, down about 2.6%. so tuesday, yesterday, it had gains 5.6% on great earnings. so what's the problem today? well, early this morning the u.k. competition regulator put up a huge flashing yellow light about the merger between the two companies. we're going to tell you in a second just what they hinted might be the demand that that they make in order to change that yellow light on the merger to green. yeah, that's coming up literally in 60 seconds, so stay tuned. the cause of the markets losses overall right now, you could call it a split decision between earns and the fed, the dow down 19 to -- 190, the nasdaq down just under 200 points, the russell down 28. the decision between earnings and the fed, fedheads are talking to various outlets and organizations all session long indicating pretty much to investors that the fed has more work to do, which is exactly what jay powell said yesterday. fed governor chris waller in the last couple of hours says he is

not seeing signals of a quick decline in inflation, and therefore, is prepared for a longer fight. minneapolis fed president neil cash cab carry agreeing with that sentiment -- neel kashkari saying financial markets have more confidence than the fed does that that inflation will fall quickly, and new york fed president john williams, voting member, saying the central bank needs to maintain the restrictive rates for a few years. investors also looking at the slew of earnings. after the bell we're waiting on diss first robinhood, mgm and wynn ahead of the reveals they're all moving lower. disney a's down about a third of a percent. this report will be the first one since bob iger returned to take the helm after the ouster of his sort-lived predecessor, bob chapek. year to dates the up 28%. charlie gasparino is working on a story to tell you what he's

got on disney. earnings, so far, been a mixed picture. uber at the moment up 5.33% after reporting whatst the called its strongest quarter ever. the ride-sharing app posting a surprise profit and higher e revenue as passengers spend more on rides. chipotle, earned -- on the other hand, it missed expectations for earnings, revenue and seam-stor. fox corporation is up about 3. 33% after announcing an additional $3 billion share buyback and that that it is on track for record-breaking ad prices for this weekend's super bowl. so as we look at this and we see that year to date the nasdaq, the dow and the s&p actually look pretty strong, where is the earnings recession that we've all been hearing about? to our floor show traders, john john corpina from the floor of the new york stock exchange and kenny polcari. john, today the nasdaq looks bad, but we're not even halfway through the quarter, and it's up

just under 14% and only needs to gain 142 points to exit bear market. is this an earnings slowdown or an earnings recession or neither? >> i don't thinks the just that at this point, liz. think about where we were and where we've come to at this point, right? we finished the end of the year, everyone was waiting and dying for the year to en, for '22 to get over with. a lot of cash on the sidelines. as we got into the beginning of the year, we started to see that rotation into tech, and that's what we're seeing in this uptick in nasdaq. but we still have a lot of work to go, right? the same headwinds that you and i spoke about three months ago and six months ago are still here, right? are we in recession? out of recession? near recession? if it all depends how you define it, but what we do know is the economic data is showing that overall sentiments' getting better, economic conditions are getting better, jobs are getting better, and the fed is going to remain data-dependent, and they are indicating, yes, more hikes

to come in the future, but it seems like they're leaving themselves room to pivot just in case things start to shift off course. so earnings season historically has helped the market, right, because -- liz: could i just say something, john? look at the dow transports. the dow transports have gained 14% year to date. aren't they -- >> yeah. liz: -- economically sense ty? >> they're definitely economically sensitive, right? and that just indicates to us that there is some strength, there is some solid base that we're feeling into this market at this point. are we going to continue on this path forward? i don't think we're going to have enough steam to continue for the next few months. we're going to have to pause for a while and, unfortunately, we have to wait and see what the fed wants to do next, what data they're going to rely on next. and if we continue to see this pattern as we've seen in the economic data, it is going to force some that money that's been on the sidelines to come back in. liz: we're looking at the dow jones industrials getting closer to the lows of the session, down 230 points.

kenny, i want to go to this microsoft/activision blizzard story. this morning the cma, u.k.'s regulator, it i threw a massive wrench into microsoft's merger plan with activision saying it believes that the tie-up could harm gamers, which i know you're not one, but because microsoft could charge so much for the hugely popular call of duty game which we just saw yesterday hauled in record are revenues, that is exactly what i brought up with activision blizzard ceo bobby code ec who was here yesterday on "the claman countdown." here's what he said. one of the regulators' main concerns is if microsoft owns activision, it would make games the most popular games like call of duty exclusive to microsoft's xbox. you know, can you e say that that that's a fair concern or not? >> it's not a fair concern at all. and i think what we're experiencing right now are regulators who have very little experience with our industry. there's probably a lot of consolidation that could happen over time, but it's an extremely

fragmented industry. and today the dominant players are japanese and chinese companies, and so i think as they're starting to learn about the industry, they're realizing that that's an unfounded concern. and you start with what even is call of couth. it's a military simulation that's based on, you know, military experiences through the course of this history. there is nothing proprietary about that as an idea. if sony, for example, wanted to make games based on military, they have film studios and a library of television programs that are all inspired. liz: yeah. so that's what he said. is this an arbitrage play still for activision? >> well, i think you have to be careful because, look, they came out and said what has to to happen is they have got to sell the call of duty, right? it can't be part of the deal. why does microsoft even want it? one of the reasons they want activision is because of what they're going to get.

liz: right. >> so if they force them to diverge it, what's microsoft really want it for, right? i mean, they'll go out and create, like he just said, they'll create their own call of duty if they can't get it by this merger. so i actually think that it's, you know, it throws this whole, this whole merger question into doubt, and you can see activision's trading 20 points below where they've been because no one believes at the moment that this is going to happen. liz so you're not biting here. >> i'm not -- well, listen, like you said, i'm not a gamer, so activision wasn't one of those names -- microsoft, yes. i love microsoft. i own it. i think it's a much bigger story than this activision, but i wouldn't own or not own it just based on this keel. liz: although there are people who say activision can stand just fine on its own. guys, we've got to run. dow is down 205 but, again, it's nasdaq down about 209 points, the loss percentage leader. of down 1.75% now. did you guys see this insane rescue of a newborn baby?

the mother gave birth from the rubble of the turkey earthquake. it's the one bright light in a tragedy of epic proportions as organizations from around the world rush to try to send aid to the area. one start-up here in the u.s. is hoping it's all new electric autonomous cargo planes, yes, no pilots, that's it right there on your screen, could one day be used in this exact scenario. the ceo is here first on fox business to tell us all about the pelican cargo plane. closing bell, 49 minutes away, and we do have weakness. remember, the low of the session for the dow is a loss of 2441, we're down -- 241, we're down 223 right now. volatility is up 6.75. we're coming right back on "the claman countdown." ♪ ♪

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liz: breaking news, the death toll from the earthquake in turkey and syria inching closer to 12,000 people now at this hour. call it a heartbreaking tragedy, that is an understatement. the two countries were slammed by the 7.8-magnitude quake on monday. ing rescue crews have been working around the clock to the find sur survivors, but getting the necessary food, supplies and fuel to power the machinery needed to clear debris is just a huge challenge. getting critical cargo to the peek people who need it when airports, airstrips, tarmacs are damaged and trucks and boats are not an option, under pica, an american-born country that has

just launched the largest autonomous electric cargo plane, the pelican cargo, which can transport up to 400 pounds across a 200-mile range. pica has already gotten orders for 80 pelicans and counting and has raised clash 37 million in funding. pyka ceo michael norcia is standing by his headquarters with one of the pelicans right behind mihm. michael -- him. when you see in this kind of human marijuana -- humanitarian disaster, what are the applications that your pelican could actually help in this situation? >> yeah. well, first, thanks so much for having me. i think humanitarian cargo's a really relevant use case for drones like what we're building. really the goal is to have an aircraft that can operate from very, very minimal infrastructure in a really affordable way, and right now that's just not possible with piloted aircraft. we're still early days with the vehicle, not quite ready to send to turkey, but we're getting

there. liz: well, you're getting there, and i think this only underscores what is needed in these cases whether it's for the humanitarian organizations, ngos, all kinds of rescue aid in areas that are very hard to reach. tell us who's been buying these, because you have quite a few orders now. >> yeah. so it's mostly customers who are looking to do basically daily delivery between two locations and a fairly minimal infrastructure or don't have enough cargo volume to warrant a large aircraft, etc. so interisland commerce is a relative use case right off the bat. liz: okay. i understand you've also got the pelican spray, the crop dusters, correct? >> yeah, exactly. liz: we're showing video of that, i understand they're being put to the use in brazil, honduras, costa rica. what can they to do that's better than an actual crop duster? >> yeah, all sorts of things. they can fly at night, they can do this ridiculously dangerous mission without a pilot onboard,

minimize the chance of chemical drift off a farm. the list of value propositions is almost endless with that one. liz: you have 37 million in funding that you have raised. are these venture capitalists, i mean, you started in a garage a couple of years ago, and this was very much a dream idea that you have made into reality. you're a classic start-up, right? i saw a picture on your web site of you and the team, and none of you were wearing shoes -- [laughter] it was very casual where you said shoes optional. >> yeah. liz: look what you've been able to do with a nose-loading type of vehicle here. tell me where the venture capitalists come from. are these all silicon valley e people? >> yeah, they are. they're all silicon valley vcs, the most recent are climate-focused investors, definitely interested in that angle of what we're working on. liz: let's talk about the battery. it's rechargeable, but what if there is no electricity or a grid that is workabling in the areas of the future such as,

let's say, everything's wiped out in turkey for a short term. then what? how are these then operable? >> yeah. so the aircraft is concern has a pretty long range, actually just over 200 miles, so you can operate out and back if you're doing a 100-mile trip, and the bayly actually crops out of -- battery drops out of the bottom of the aircraft, so you can slowly charge offsite, for example, in order to minimize the -- liz: okay, so there are options. you may have some potential customers who are watching you right now and watching this clip. >> yeah, hope so. [laughter] liz: tell me the price. what does it cost? you do offer offer a lease operation? >> yeah, exactly. so it's all a pleasing model. the price kind of varies based on utilization, but we price it so that it's stably less expensive concern substantially less expensive compared to your smallest cessna aircraft, for example. liz: eventually will they carry passengers? >> yeah, absolutely. that is why we started the company.

i i think passenger-carrying autonomous aircraft, they are coming, you know, without a doubt. it's probably going to be maybe a couple decades-long journey, we're very excited to take that journey, but they're coming. liz: okay. i won't be the first, but i won't be the last when i try it out. [laughter] >> excellent. liz: we're watching you guys. you're a great american success story here. the company's called pyka, and we want to follow your developments, so please keep us posted. >> thank you so much for having me. liz: michael norcia, ceo. all right, disney earnings out after after the bell which is about 40 minutes away. is activist investor nelson peltz going to rangel a seat on the board as -- wrangle a seat on the board? charlie breaks it next on what may happen after the bell from nelson peltz's side. closing bell, let's call it 39 minutes away. the dow is down 229, the s&p lower by 48, nasdaq down 2 # 1.

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retail investors are not the only ones waiting for word. charlie gasparino says activist investor nelson peltz may be gearing up to make his own splash after disney reports, and as an activist, charlie, nelson peltz has some complaints. >> he doesn't own a huge chunk of the company, but enough to make a lot of noise and to the try to get some things done at kiss theny that the he thinks need to be done. he wants them to buy all of hulu, reduce executive compensation, he wants a board cement they're kind of poo hooking all of it, but here's what we do know, pelts is eyeing kiss theny earnings, obviously -- disney earnings, and he may have a statement addressing his concerns after the earnings arethat is not a dy sources close to his activist hedge fund are telling me he's monitoring it, and he may have a statement afterwards. so watch that postearnings. listen, again, they're concerned about compensation, concerned about the structure of the

company. that statement will likely, you know, if these earnings come in on the low end, you know, i'm sure the statement's going to reflect that. disney, though, remains pretty confident that they can fight off peltz. they are, it's interesting, their pr spin on it. they are likening him to a gadfly, a guy who count know what's going on, and they think that bob iger still has a lot of stroke with most investors that they can fend him off, play the long game and fend him off. that being said, there's a rumor inside disney, and they're all kind of, hike, on edge with this, that peltz gave some exclusive interview to the new york times and that that interview's going to come out later tonight post-earnings and lay out some, lay out some of his problems with the company. and just sort of magnify that. so they're watching this. we have to see what happens. i want to go to the redskins -- excuse me, they're not called the redskins anymore, they're called the commanders, washington commanders, owned by dan snyder for now. and, you know, there's been a

lot of talk about when or if dan snyder's going to sell it. he's coming under investigation by the league for various issues including sexual harassment inside the company not by him, but by people that work for him. in any event, you know, this team is obviously for sale. they've hired investment bankers at bank of america, and here's what we know from nfl sources, that they're trying to do this keel sometime or make sure the sale gets done sometime after the super bowl but before the owners' meeting in march, in that window. they're trying to do deal, at least the riege would want it to be done -- league would want it to be done if it's done. there's no deal until you see the press release. i've written a lot about this stuff, about deals and mergers and acquisitions and, you know, what you're hearing sometimes the isn't what happens because someone gets cold feet at the last minute. liz: right. >> but if you're looking at all the potential buyers, and the new york post was the first to talk about, this the name that keeps coming up in nfl circles

not just -- liz: let me guess, bezos. >> your buddy, jeff bezos. liz: my buddy? i wish. [laughter] >> this thing could go for, like, $7 billion. who's got $7 billion? it's like a steve cohen next play. there's not a lot of people that have that type of money. that's why his name comes up, and his girlfriend is apparently a big football fan. she was married to football star tony gonzalez -- liz: lauren sanchez, yep. >> i don't know, see how this plays out, it's going to be very interesting. liz: yeah, i agree. we're watching disney. disney's down slightly ahead of those numbers. let me quickly check one more time, down about half a percent. we'll be watching and that more, charlie, thank you very much. fox business i alert, yes, as we've said, it has been a tough session here, but the dow is down 213, off the lows of the session which had been a loss of 2 the 41. put your eyes on the nasdaq here.

the earlier loss of the session, the biggest one, was down about 215 points. we're pretty much almost there, down at the moment 20 the 8 points and then we've got the s&p lower by a full percent. capris holdings, the parent of michael kors and versace, committing a major earnings faux pas. the stock is shedding 27% after the company whiffed on its third quarter report. it also counts jimmy choo among its brands and provided a weak forecast for the rest of the fiscal year saying higher prices at high-end fashion companies are causing some of their customers to curtail spending, slower traffic in china as well during the lockdowns also hurt revenue. ca capris' not the only retailer struggling, under armour is down 9%, close to the lows of the session, after executives announced discounting will continue due to pretty significant inventory buildup.

under armour's inventory rose 50% in the third quarter. and despite getting an upgrade, lululemon is down about 3.33%. open oppenheimer actually calls them an outperform and raised its price target from $393 to 400. we're at 308 and change right now, those calls not helping the stock at least at the moment. and the stomach-churning moves in bed bath & beyond shares continue. the stock is could be today 13.25% -- down today -- as it works to stave off bankruptcy. the meme stock said it raised $225 million in an equity offering and may get an additional $800 million over the next 10 months. but it's not really a positive when you think about the kinded of situation -- kind of situation that this company is in. they are closing stores right and heft and added another couple dozen to the already 8 # 7 stores it announced month. oppenheimer actually points out target could be the primary

beneficiary as in, you know, where's the next best place to buy sheet, talls and brita pitcher filters? no bump here, down 1.5%. year to date we cough target gaining about 15% concern do have target gaining about 15%. president biden in wisconsin at the hour after highlighting his efforts to build up american semiconductor production. the ceo of chip designer arm holdings is here with reaction. and we here at "the claman countdown" do not demonize american billionaires, we hold them up as examples. mark hasly is one of them. you may know him as the co-owner of the nba champion milwaukee bucks, huh-uh -- his story is so intriguing, arriving in america at age 7 from morocco. wait until you hear the road less traveled that he took. he explains how with one simple focus he built his empire on my

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liz: we've got some breaking news, president joe biden is in wisconsin at in this hour making his first stop since last night's state of the union address can. he just finished speaking near madison at a training center run by the international union of north america which is where fox news correspondent mike tobin is there the live. what's the president's follow-up mention to the state of the -- message to the state of the union crease? >> reporter: well, presidents usually take the show on the road following the state of the union address, and president biden did just that. after he framed up the argument, now he's taking it to the heartland trying to sell it.

he pretty much gave the same speech he gave last night only shorter. he started out with his call for bipartisanship and made the claim that fighting for the sake of fighting gets us nowhere, and then he cove right into the partisan fight, making a that claim again that republicans want to cut social security and medicare benefits. >> of you -- many of you had seen we had a spirited debate night with my republican friends. [applause] my republican friends, they seemed shocked -- [laughter] when i raised the plans of some of their members and their caucus to cut social security. and marjorie marjorie taye hour green and ores -- others stood up and said, liar. they sure didn't like me calling on them on it. look, a lot of republicans, their dream is to cut social security and medicare.

well, let me just say this, it's your dream, but my veto pen i'm going to make it a nightmare. >> reporter: it should be noted that republicans, specifically speaker mccarthy, deny that social security or medicare are on the table. in the little town was chosen because wisconsin is a battleground state in which the president can an hour some bragging points that unemployment has gone from 4.7% to 3.2 the %, that because of his policy -- he claims anyways, there's a promise for some $4 billion of new investment. that includes a new bridge over the wisconsin river, a port in green bay, electric buses in kenosha. this headquarters here of the laborers' international union of north america was chosen because you've heard many times the president has said he is the most labor-friendly president in history, and he gave the guys here credit for growing the economy from the middle out. he did that to much, to great applause. liz?

liz: and he got applause last night when he said he wanted everything for the infrastructure bill, all the planning and all of that and the building to be made in america, whether it was the lumber or the steel, correct? >> reporter: correct. and he repeated that here and, again, it came to great applause. it's a little easier said than done, that one. liz: yeah, yeah. but that's something that the last administration was pushing for too so, hopefully, we can get some agreement at least on that point. mike, thank you very much, mike tobin. you know, one of the president's very first business-focused mentions during last night's state of the union address focused squarely on the success of the chips and science act which aims at reinvigorating the country's semiconductor industry. and in doing so, removing china as the dominant leader when it comes to to the overall picture. >> these chips were invented in america. let's get that straight, they were invented in america. [applause] we used to make 40% of the world's chips. in the last several decades, we

lost our edge. we're down to only producing 10%. liz: but the chips and science act is working to change that. it's the already caused a pretty big push to open new fab, fabrication, and assembly factories on american soil. now, since bill was introduced in 2020 the work has begun on 15 new multibillion dollar fabrication plants and expansions and upgrades at another nine others including those owned by intel, micron and taiwan semiconductor. is it enough to return america to the its former glory as the dominant force in the microchip industry? let's bring in rene haas ceo of tech giant arm whose designs are used in 25 the 0 billion devices and counting worldwide. rene, before the push to the create the bipartisan chips act, how much friendlier is the u.s. in encouraging chip companies now to build up their operations stateside? >> well, i think the chips act is a great thing, liz.

during covid, you know, we lived through some horrible supply shortages, and semiconductors are really, i think, seen as an incredibly important device to everything that we do. so the chips act is great. it's going to allow for more advanced manufacturing in the united states which is going to help, i think, the supply shortages going forward because the demand for semiconductors has never been greater. liz: well, certainly, especially as the president and others have pointed out even on the republican side because, again, let's point out this was a bipartisan plan upon which both republicans and democrats did vote for it. 11,000 or -- i'm sorry, let's call it 3,000, i think he said 3,000 chips in a single electric vehicle these days, correct? so the demand is only growing exponentially? >> when you think about the electrification of automobiles and everything that's requiressed with that, it is a huge demand for semiconductors and chips. for us at arm, 50 arm processers every second go into an a automobile.

that's an incredible number when you think about it. in terms of the ivi, the instrument panel, automatic driving. these cars are computers on wheels, and increasingly need all kinds of technology to go into them. it's really, really a good thing, the chips act. liz: and i'm sure that you would be taking that, perhaps, into consideration as you expect to go public sometime this year. i mean, that is the world, that you guys had been public on the nasdaq can many years ago, and then softbank had taken it private, tried to merge with ini would ya where you used to wok concern nvidia. the question becomes does the chip act help you reconsider perhaps listing entirely here in the u.s. whether it's at the nasdaq or the new york stock exchange? because there's also been word that you've talked to the london stock exchange. >> there isn't much i can say about ipo, liz, but what i can say is we are fully committed to having it happen this year, in

2023. plans are well underway with that, and is we've been spending a lot of time and energy on it. that's about the most i can say about it, but we are doing a lot of work in that space. liz: okay. you had some really good numbers. licensing revenue up 65% year-over-year. can you give us more insight into what propelled that number the? >> we're very happy with the quarter that we just had. a lot of that is really due to the diversification of our business. years ago arm was mostly associated with smartphones. we have diversified into the cloud, into automotive, as i said. and as a result, we've seen very, very strong results. we've had either double or triple-digit growth in the industrial market, that auto market i mentioned as well as the cloud. so those have really been the growth drivers for us. liz: you know, i'm going back to several years ago here in new york, i want to say late 1990s when craig barrett who was the ceo of intel came to speak, and he admonished, he admonished the u.s. government and said why are

we funding last millennials industries like farming, that's what he said. he said we should be funding technology. well, that looks like a very, in the rearview mirror, prescient comment, certainly. this goes back to the chips act and the government. you don't want a government to be picking winners. but in the case, make the case for americans who may be watching and saying why are we helping these guys? they make billions anyway. >> you know, as president biden said in last night's speech, we used to make 40% of the world's semiconductors, and that number's now down to 10%. most of that is concentrated in one region of the world, in southeast asia. for security of supply and, again, semiconductors are in everything that we do, your automobile, appliances in your home, obviously, your smartphone, your computer, it is something that is so fundamental to what we do and need as a nation, having the capability to make those products on our soil is hugely important.

so i'm a big proponent of it, and i think it's the right thing to do. liz: yeah, i know. and as we look at this competitive landscape, i know that arm is suing qualcomm because qualcomm had a licensing deal with you to use your chip architecture, and yet qualcomm had then gone out and purchased a company called nuvia which is a start-up founded by former apple and google engineers, and they are making their own chip ark ec church where does that stand? because i know january 13th was the start of discovery in the case. how committed are are you to seeing this all the way true? is -- through? >> you know, i can't comment on the litigation, i'll leave that up to our legal team. i can say though that we're very confident in our case, and we think the court will ultimately agree with us. liz: well, i get that, but do you envision a day where there is a possibility you could no longer have a relationship with companies and partners like qualcomm? >> you know, i would say this, liz, you know, we're an intellectual property company,

and we are prepared to do whatever it takes to protect our ip. it's what we stand for, and we are prepared to do that. liz: little known fact about arm that i want our audience to know, you guys were founded in a barn, right, in england? [laughter] >> that's right. liz: such a great story, truly is. what do you foresee for the next, let's call it 10 years? >> yeah. the barn story's great. i'm not sure if the barn actually still exists, it may, but the barn story is really a part of the legend that is arm that started 30 years ago. arm is all about compute and, more importantly, we're all about power-efficient commute. and back to the semiconductor chips act, computers are everywhere, they're in every part of our lives. we see huge demand for our edge the going forward. we're very bullish about the future, and we also think these computing needs are going to the require more and more power-efficient processers because we only have so much energy on this planet, and sustainability is so important for our future. so i think having these computing needs if served by power-efficient processers is

really good for arm, and it's good for the planet. so we're very bullish about our future. liz: rene, thank you very much. please keep us posted on the ipo. >> will do. thank you, liz. are. liz: lebron james now the king of nba scoring, and so today's countdown closer says he's going to the share his top plays to help your portfolio score. [laughter] closing bell about 11 minutes away. we are coming right back. dow is down 227. ♪ ♪

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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪. liz: count it, five 1/2 minutes away from the closing bell ringing. markets on pace to close lower. keep your eye on disney. disney reports after the bell. speaking of bells ringing, l they're ringing for lebron james in l.a. yesterday, lebron james broke kareem jabbar's scoring record of 37,888 points in the fine at quarter against the oklahoma city thunder. shattering a record that was untouched for 39 years. keeping that theme, he has one

index outscouring the s&p 500 this year. kevinman reveal it here. >> i will certainly start by congratulating lebron james for the accomplishment on the basketball court. another new asset class is reaching new higher the index of national develop the market stocks. eventually that has taken place because the doll dollar has lost strength back to september of 2022 when we saw the u.s. dollar at peak value. since that time interhavings developed stocks outperformed u.s. stocks even leading into 2023. january was a great start for u.s. stocks as the s&p 500 advanced by 6.3% but guess what?

msci index went up 8%. you may consider starting adding international stocks, developed market, emerging market stocks into your portfolio to get some global diversification in 2023. liz: kevin is the msci the way to go in i only ask that because it was 1500 stocks in the holdings here. they are from all over the world. there are some, i think are now something like nine indian stocks, and six indian stocks, you have a whole bunch of names many people have not heard of, sure gives you exposure to a basket of them. what if you want to scenario down certain countries you might be stronger than diluting them with some weakers ones? >> certainly liz. there are different ways approaching investing overseas. wee believe in a targeted approach. we partner with dorsey wright on international, identify the countries, identify those sectors around identify those individual companies.

for example, in the international developed space we like astrazeneca. astrazeneca, of course a large cap pharmaceutical company with trailing 12 month yield 2.2%. attractively valued, five-year dividend growth, positive free cash flow. how about the emerging markets? to borrow the basketball analogy, emerging markets are flexing rebonds similar to rebounds lebron james against on the court. rebound might be coca-cola fems. a trailing 3 month yield, 3.9%. it operates in the consumer staples sector which should be able to hold up well during periods of economic slowdowns sufficient as the one we're entering right now. liz: i admit, coca-cola femsa. is that a regional coca-cola bottler? can you explain what that is? >> coca-cola femsa is franchise better with trademark in the world, operating primarily in

central and south america. liz: that is the targeted way. are there any sectors state side you like right now? we have couple smart "countdown" closers including yourself maybe not right now but there has to be something in the u.s. people that want to stay state side? >> one thing i like in u.s., health care, large pharmaceutical standpoint and smaller cap biotech angle. biotech m&a activity has picked up since the second quarter of 2022. we see the m&a pace coin it continuing into new year as they deploy cash to buy innovative solutions from smaller biotech names. health care is a sector we like in the u.s. liz: kevin, i want to give the credit to the trader john corpina who was at the top of the show. he actually i male my there is such huge cash on the sidelines. my question to you, is that the

best place for money right now? >> i think believe that is one of the areas you should consider. my outlook for 2023, liz, better days for the market, certainly not for the economy. at this point in time we think the fed will raise two more times 25 basis points and stop, assess the overall economic damage that has taken place as a result. you want to pay to be more wednesday sieve during first half of the year, perhaps get more aggressive towards the second half of the year. a great way to play that health care. large cap pharmaceuticals on defensive side. small cap biotech for aggressive side. liz: kevin, thank you my friend. [closing bell rings] liz: after the bell, hood, disney, wynn, a whole bunch of other names reporting tomorrow. ftx investor kevin o'leary is here to react to sam bankman-fried's latest court date. ♪. larry: hello, folks. welcom