a home, we'll give you food, we'll make sure i you have a higher minimum wage. it goes against the e nos of america. -- ethos of america. we should never have any child in this country graduate from high school unable to read or do math. it is a crime against humanity, and it's destroying our nation, and we all should put our feet down because it must, must stop. if you don't think it's happening to you or it affects you, it does, because it affects the united states of america. i'll hand it over to my colleague, liz claman. liz: you know, charles, we are capitalists here, we are not socialists, but it is time to make it equal for education. you are so right. charles: thank you. liz: breaking news, individual stocks already moving on the super bowl ratings that just came out. we're going to get you the record-breaking viewership numbers in just a moment, but with stocks in most areas up, the shanghai-based e-commerce

shares are among the top performers, up $3.23, this stock was $91, we're at 9 a 5.68 at the moment. it's shop like a billionaire ad that it has, winning a spot as one of the top five most-watched super bowl ads list. and so coming up, venture capitalist alan patricof is going to be here on how to read where investor money is going by looking at the brands that coughed up big bucks this year. hint, it's not crypto. and, yes, by the way, a chinese stock, we're going to the ask alan about whether u.s. venture capital will now avoid investing in chinese companies in the wake of the u.s. shooting down another unmanned surveillance aircraft. of course, we know about the chinese balloon that they have confirmed was from china. so much to tackle in this hour. to the markets. you know how they say navy is the new black or 60 is the new 40s? well, the cpi is the new fed

meeting. ahead of tomorrow's much-anticipated read of consumer inflation, stocks are in the green, and take a look at the dow jones industrials, up 267 points. high of the session was a gain of 369, so real muscular day. we do have the dow up as investors hope prices at the consumer level will have cooled in january, and then you can flip it over to the s&p, up 32 points after turning in a 1.1% weekly decline last week. by the way, that was its worst weekly performance so far year, the s&p is starting this week off very comfortablyly in the -- confidently in the green. look at the nasdaq. the nasdaq is the big percentage gainer, up 1% plus at the moment, a gain of 125. a couple of big winners, flip it over to some of these names, airbnb charging ahead by 6%, baidu, another chinese stock up

5.7% as it chases microsoft which is up 2.8% in this a.i. chat bot arms race or frenzy, whatever you want to call it. we want to call it a bubble maybe? we're going to the ask alan about that too. by the way, microsoft's market cap now above $2 trillion. last i checked, 2.026 trillion, and it is right there at the top of the dow heat map. okay, followed by nike. nice big move there, intel, home depot, salesforce, coca-cola. we just have six laggards, johnson & johnson, caterpillar are, travelers, walt disney and unh. blue chips not really in the red here, are investors setting themselves up for a heartbreak or a sugar crash of sorts? if the cpi tomorrow, 8:30 a.m. eastern, comes in hotter or simply matches expectations, look out for january headline cpi to rise .5 of a percent and 6.2% year-over-year, core up .4

of a percent month over month and a 5.5 year over year-over-year gain, those are the expectations. cpi has become one of the top two numbers that jay powell and company scrutinize to help guide their action on interest rates. ahead of tomorrow's number, what protection can you, the investor, put into your portfolio? we've got some ideas courtesy of our floor show, we're joined by the chairman and ceo of saratoga investment, and trader kenny polcari. kenny, t-minus 17 and a half hours before the cpi release. equities are moving like they're going out dancing tonight. [laughter] no one's concerned that this number is loaded with more possibilities that could tank versus pump up the market. should they be? >> well, listen, the way the market's reacting, it's as if it's playing i've got a secret, right? somebody knows something, because if the number comes in stronger, up .4 or up .5, i don't understand why the market would be celebrating. not saying it should crash, but

this move seems odd to me in the face of what we are now saying could be even a hotter number than what the market expects. therefore, i think people need to just be prepared for that, right? and there are a couple of ways that you can do it, right? if you want to say the long your portfolio, you buy protection that's going to protect you to the downside. so whether it's the vix which'll spike in price if we get this sudden -- liz: well, that's different from the vix. okay. so explain to people the cixi and exactly how it could protect them. >> so the vixi is the way if the vix spikes, which is the fear index, if we get a hotter number and suddenly the fear gets up and the fed gets more aggressive, the vixi will increase in value, the volatility will spike up, and it will increase in value so, therefore, it'll be the contra to what the market's doing. the vixi will increase. so that's one way to have some protection on your portfolio. the other way is to go long the

sectors hard going to the, like the psq is getting short the nasdaq, right? you buy it to get short. so if the nasdaq goes lore, the psq goes up. if the s&p goes up, the sh increases in value and the same with the dow inverse, right? the contra trade. liz: sure. so great ideas here. now we bring in chris because you are looking specifically at what you call business development companies. they have been performing beautifully here. explain to our viewers why these are the better ways, you know, not better than vixi, for sure -- [laughter] just equally as interesting, you say, as when it comes to protecting portfolios. >> well, i think business development companies largely lend to corporations, you know, in our case at saratoga we are the senior secured most, you know, 80 plus % of the time, so we're at -- 80 plus percent of the time. so it's a long-term contractual agreement to get your money back

plus a return. and then on top of that, our assets are correlated to interest rate rises. 80% plus of our assets are floating rate. so as rates rise, our income rises and our margins are expanding. it's an agreed return. i'm reminded of will rodgers' -- rogers' famous statement, a return of my money is more important than a return on my money. [laughter] private credit gives you a chance to do both. liz: did you happen to see the consumer fed survey that came out today? it shows that the, i believe, the wage inflation that survey respondents actually expect -- so disinflation, meaning they're coming down -- largest one month drop in the 10-year history of the survey. how cothese publicly traded companies, fdus and the bdc, sar which is, of course, saratoga,

how do they respond or perform if we have a disinflationary environment? >> well, i think one of the things that we try and do is we invest in software as service companies that are largely efficiency drivers, and they're smaller companies so they don't necessarily correlate to the larger economy. they're not retail or housing and that type of thing or energy. they're very much focused on efficiencies and making, you know, companies more efficient in the way they interact with their customers, the way they do their accounting, the way they do their hr, those types of things. and so even if the economy is going down, even if things are disinflationary, efficiency is a good investment for companies -- liz: so you get the examples of fdus and sar, correct? kenny, when you look at that and then you look at -- this is a pretty good rally here, the dow jones industrials, folks up 302 points and climbing right now. do you get the sense that people are very bullish now on tech and that that may continue, or is

this one of those days where we start off the day before a big event like the fed meeting or the cpi with a lot of hope and then it all ends in tears once the decision comes out? >> well, listen, i think people are warming up to tech, for sure. the nasdaq is up 12.5% year to candidate, so the tide is turning in terms of how people are feeling about tech considering it got smashed last year in '22. there is a lot of opportunity in the tech the space. but look, i think you have to go into tomorrow and then thursday's ppi number with some caution because, actually, the ppi number is supposed to be even more on a percentage basis than the f -- cpi. and that's what the producers are paying to manufacture the products that they then sell to you three, four and five weeks later. so that filters its way through. so i think you have to really be just kind of cautious and not get way ahead of yourself which i do think the market is a little bit ahead of itself. liz: well, and let's not forget

the yield curve inversion, chris. between the 2 and the 10-year yield, i believe we've got a yield curve inversion of, what, like 120 basis points or something insane? yeah, 120 basis points. so off and on, the, of course, indicates fear of recession. we haven't seen it yet. we had the guy who even came up with the yield curve recession saying this time it's wrong. what do you think? >> well, i think, you know, there's a lot of opinions out there, right? the stock market clearly appears to be thinking there's going to be a soft landing, maybe it's a short squeeze, i don't know. but there's a lot of rally saying it's going on the a soft landing where i think if you look at the debt markets, they think it's going to be the that -- a hard or landing. those are two different perspectives, and you also have the fed saying they're going to keep higher for longer, and the market's projecting short-term rates coming down, you know, as early as the ended of this year. so there's a lot of differing points of view there to sort out. [laughter]

liz: he's right, kenny. we all have opinions and, of course -- [laughter] crystal balls don't really tell the true story. great to have you both, chris and kenny. thank you so much. investors may suffer heart palpitations before and after tomorrow's release of the valentine's day cpi report. well, they are not the only ones. signet jeweler shareholders might also note a quickennenning pulse as the parent of zales and k jewelers, they've already helped punch the stock 11% higher year to date. the ceo joins us with an early read on consumer valentine's spending and how sparkly the rest of the year might turn out to be. it's a fox business exclusive. the dow up 301 points, "the claman countdown" is talking diamonds, rubies, dollars and dividends next. ♪ diamonds are forever, forever, forever ♪

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liz: yes, and as we all feel the pizza in our lower half from last night's super bowl lvii, it's in the books, in the history books. now the jewelry industry is getting ready for its own super bowl tomorrow, that would be valentine's day. get on it, everybody. you're like, wait, oh, is that tomorrow? yes, it's tomorrow. according to the national retail federation, americans are expected to spend $5.5 billion on jewelry for tomorrow, but will recession fears take the shine off the sector? in a fox business exclusive, the ceo of signet jewelers, america's largest jewelry brand with so many under your

umbrella. i just have to know, how are sales trending ahead of valentine's day? we're less than 24 hours away. >> well, it's very interesting, so valentine's day has changed considerably due to the covid. so couples who are newly dating who, you know, are just really into their relationship for the first time have traditionally been the main value. en tine's day shoppers -- valentine's a day shoppers. they shop earlier and earlier, but they don't spend as much. during covid people spent time, they started to evaluate how great their relationship was, and so now more husbands, more spouses, partners have come in to valentine's day and are gifting to each other, and that means the holiday's stretch thing even later. lots of people buying today, for sure, even tomorrow for the -- liz: but is it trending higher than last year? how about that? >> well, i think price point, we've seen a good increase. they're almost double versus pre-covid levels. last year in our data, the books

are yet to be seen. liz: okay. you have so many different levels, jared diamonds, obviously, blue nile, how are those sales looking? you guys, you have to remember, blue nile, i remember when that company came into existence, they came on the show, everyone said how could you possibly buy diamonds online. nobody asks that anymore, do they? >> no. 90% of our high value customers are shopping both online and in store before they buy. we now have two-way sms, lots of opportunities for information. you can virtually try on rings, necklaces, ear rings. so online has become a key place not only that people buy, but that that they browse. liz: are you working on upping your artificial intelligence game when people ask a question on the web? tell me about that. >> absolutely, we do, but we do send people quickly to a jewelry consultant, we try to direct

them as best we can using a chat bot. we feel that personal touch is very important in the jewelry industry. a lot of people who have been buying from one jeweler for years say, oh, i have a person, right? they'll recommend to you -- liz: i know a guy. >> or a woman as the case may be at cig innocent. [laughter] liz: let's talk about this recession fear. we're not in one yet although some people believe we are. some economists have said, welshing we're already in a she -- are recession. you do have the consumer being much more jewish kishes. when purchasing anything. i don't care if it's toothpaste or a ruby necklace. >> yes. liz: what are you seeing? >> i think really two different things. as i mentioned, covid was really good for the jewelry industry in the sense that it's caused us to think about those who are closest to us. that's a trend that's been enduring. we saw that also, you know, coming through all of last year even when the u.s. opened up a bit more. but at the same time, value customers are much more challenged. i mean, higher prices at the pump, inflation and food, that's

impacting their budget much more, so the jewelry category has shifted to higher price points. and we've been doing that across our whole range. liz: that leads me to what is on your wrist. i want you to hold it out so that the camera can get a tight shot of it and just hold it there. one of those is lab grown -- >> correct. are. liz: -- for price point, one is mined. notice i didn't say real because lab-grown diamonds are real diamonds. before you el the us which is which, mark, can you zoom in a little bit here? because they're both sparkling in an absolutely dramatic fashion. before we reveal which one is which, the rappaport diamond group, the publisher, they decide what a carat is worth. they sent a letter to the responsible jewelry council complaining that signet's brands and a bunch of others are not providing full disclosure about lab-grown diamonds. to me, in the looks like they're just whining because somebody's accept thing on their air hose,

but people like the value of lab-grown diamonds, and they do come from a diamond seed. they are exactly the same chemical makeup as a mined diamond, correct? >> liz, that's correct. so the exact same chemical makeup. now, there is a difference in the heritage of a natural diamond. there's a great story, i mean, they're formed in the tubes of prehistoric volcanos over hundreds of millions of years. i mean, it's a very special and rare thing to have a natural diamond that's different from a lap-created diamond, but it offers -- lab-created diamonds monday, but it offers customers a choice. liz: we're going to reveal. >> this is a lab-created bracelet, we carry this at our jared's stores, and this is part of our new collection, natural stones -- liz: they look like solid diamonds there on this one, but they're compiled, right? >> no, no. no, these are full-sized stones. this is a beautiful 14-carat

bracelet in different shapes, emerald, marquee, round, etc. -- liz: and what are the price points? how much is that one? >> so this one would go for probably around $12 the ,000. it's beautiful, and this one would be over 20 the. liz: okay. well, there you are. and the stock has certainly been a performer year to date. >> welk thank you. i think you hit on it earlier, there's differentiation of our banner portfolios such that we're covering all the way from value up into accessible luxury, it's been very meaningful, and digital is something that signet can uniquely do. liz: and, by the way, when you walk into a store like signet, you're not paying the overhead if you walk into tiffany's on fifth avenue. just remember that, people. because diamonds look a lot alike. good to see you. thank you so much. super bowl viewers got pranked. fox's end own t the ub with i ran a 15-second spot that sent folks screaming and diving for

their remotes. what happened? well, one thing for sure, got a lot of attention. plus, how many people ended up watching super bowl lvii? we've got the numbers for you in pop stocks next. closing bell, 38 minutes away. the dow gaining 301 point, the s&p up 37, the nasdaq better by 154. that's a gain for big tech, about 1.33%. stay tuned, we are coming right back. ♪ ♪ . they customize your car insurance, so you only pay for what you need. with the money we saved, we thought we'd try electric unicycles. whoa! careful, babe! saving was definitely easier. hey babe, i think i got it! it's actually... whooooa! ok, show-off! help! oh! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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liz: we've got this fox business alert, hundreds and hundreds of shops in new york city at this hour could literally go up in smoke. officials are cracking down on an summit thed 1-- estimated 1,400 illegal cannabis stores which have popped up all over the city after the first legal kiss pencelies were opened in recent weeks -- dispensaries. four of them are being sued in an effort to the shut them down. madison madison alworth is in the east village. madison. of. >> reporter: hey, liz, yeah, this is one of the shops being pursued by the new york police department for illegally selling cannabis without a license, but they're still open and operating which is why the d.a. is also pursuing some stores as well. so the d.a. has sent out a letter to 400 shops across manhattan saying that they are selling illegally. but here is the catch in all of this: there is no clear cut way to prosecute those that are

selling without a license. so the d.a. has to go through other channels, which is why they are pursuing eviction through the landlords. take a listen to this. the d.a.'s office is using the real property actions and proceeding law which requires landlords to evict tenants if they are engaged in illegal trade or business. so one of the shops that is operating illegally is actually located directly across from city hall. that is frustrating lawmakers who say this should all be a lot easier. you should be able to go into these places and shut them down, and it shouldn't require landlords. cops should be able to the handle this. take a listen. >> the fact that an illegal weed shop can operate freely right across the street from the seat of new york city government proves just how ridiculous this has become. it needs to be really black and white the same way that you would shut down a bar or a restaurant who was serving liquor without a liquor license. you should be able to shut down a store that's selling weed without a license to sell weed. i mean, it's pretty simple.

this is not rocket science. >> reporter: you know, you would really have no idea walking around manhattan that there are only three licensed weed retarials at this point, because they are -- retailers, because they are located all over the city. perfect example, the one behind me, this is one of the four being pursued by the nypd for selling weed without a license, and the lawsuit shows exactly that. but like i said, they are still open. and more than that, we see weed shops popping up every single day. we've been here all cay long walking around in between live reports, and as we walked here, we went past a shop that is opening up, getting ready to sell weed and presumably doesn't have a license since three are the only ones that have them at this point. and the reason why it seems that these stores continue to pop up, liz, is because there is business here. we've spoken to some of the people that have come out of the shop today, no one wanted to go on camera, but one woman said, yes, she was aware that this shop behind me is legal, but rather than walk ten minutes

down the road to one of the legal dispensaries, that'd vermonter -- she'd rather buy here because she gets double the product for half the price of. again, lawmakers concerned if we don't cut down the on this now, we're going to lose out on the tax profits that the city has been pushing for, and also there's a safety concern as well, of course. liz? liz: the manhattan d.a. better show some teeth with that bark, because i don't know behind you it looks like they sold out at party city for the balloons. they don't seem to be too worried, madison. that's unbelievable that they just are popping up as you walk the streets. >> reporter: yeah. they're popping up with full displays. these stores are fully operational. there's nothing hiding about these shops. they have weed leaves out front, it's very evident that they are selling product. liz: okay. madison, thank you very much. fox business alert, as we watch these markets, there appears to be no fear ahead of tomorrow's 8:30 a.m. eastern time release of the consumer price index for january. dow jones industrials up 327,

the s&p better by 40. got the nasdaq up 162. let's look at some individual stock stories here. online real estate site zillow bringing home the bacon at this hour, gaining 5% after ever core or isi's mark mahaney upgraded the stock, also hiking zillow's price target to clash 61 from 34. -- $61. implying that shares could rally 40% from their current level. that would be, by the way, on top of the 34% gain year to date. nice move for zillow are. fidelity national information services sinking 13.8% and landing at the very bottom of the s&p 500 right now following its decision to spin off its merchant payments business, world pay, within the next 12 the months. the company's board said the spin-off could unlock shareholder value. company also posted weak 2023 guidance. payment processer paypal, we can looked at that one, it's down 1.25% on the session.

of course, friday the big news was that the ceo is stepping down. paypal has had somewhat of a rough couple years here. manchester united, look at stock. yes,es it is a publicly-traded football club. really kind of spiked at the open here, has come back down a bit, still up about a quarter of a percent. manchester united following reports that the host of the 0 the 22 fifa world cup, qatar, is preparing a, quote, imminent bid for the english premier league football club. however, manchester united's owners, the glazer family, want a partner investor or just a partial sale rather than an outright full sale. the glazers purchased the team in 2005 for a reported clash 942 the -- $99 42 the are now seeking, you want a return on your money? they're now seeking $6 billion. they have hired investment bankers from the reign group to oversea a -- oversee a possible sale which has set a deadline of february 17th for parties to

register interest. and here we go, early ratings for super bowl lvii are in. the kansas city chiefs ooh' dramatic final minute 38-35 victory over the philadelphia eagles drew 36.7 million households in both linear and streaming. that's up from 36.5 million the previous year. super bowl lvii was the most watched since 2020 with more than one in four american households tuning in. fox corporation, of course, carried the game, down about a quarter of a percent. and, by the way, rihanna's largely anticipate thed halftime performance drew 28.5 million viewers, slightly below the 28.7 million who watched last year's halftime performance. super bowl broadcaster, our parent company, fox shares did sell ads for about $7 million apiece. and speaking of which, fox's own t the ubi aired -- tubi aired a particularly show-stopping

commercial. the video streaming app faked out so many viewers that they thought they had sat on the remote. in the commercial break, it appeared as though the fox sports announcers were somehow interrupting by somebody scrolling. that has gotten a lot of attention. and speaking of commercials, remember this one? >> like i was saying, it's ftx. it's a safe, easy way to get into crypto. >> i don't think so. and i'm never wrong about this stuff. never. liz: boy, was larry david on the money, remember? that was just last year when crypto commercials aired seemingly nonstop during the super bowl. none, not one airing last night after ftx fallout and bankruptcy filing. in a fox business exclusive, we've got the famed venture capital investor alan patricof about the hot sector that has replaced crypto. up next, the commercial that aired during last night's game, but will it resonate with vcs?

closing bell, 25 minutes away. the dow's continuing to gain points up here, up 330 at the moment. saw stay tuned. ♪ ♪ this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.

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right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. ♪ >> why not make more of those cars electric? it's the least they could co. [laughter] gordon,s you kill me. i mean, you literally did kill me. you know what? i'm glad you picked me ooh ooh. liz: that one's getting a ton of buzz. and is, you know, overall the super bowl ads went electric last night as awe to the makers thrust their evs into the commercial spotlight. gm and netflix partnered to feature will ferrell ralph thing through the streamers' cinematic universe. kia featured a dad on the hunt for his kid's pacifier. you had stellantis with a

commercial, they did the electric slide with with the hybrid electric jeeps on a safari of animated animals. they were doing the electric boogie. while last year's super bowl lvi was the crypto bowl, of course, this year it was it is all about the automakers going electric. what does that signify for where venture capital money goes next? joining me now in a fox business exclusive, you have too many titles, alan, alan patricof. when you looked night at some of these ads and you saw that the automakers were pushing electric heavy, they wouldn't spend $7 million on a 30-second ad if they didn't feel there was an opportunity for buyers. >> yeah, remember, they're people who have been in the car business, heir not necessarily new car companies. it's interesting, you equated it with the crypto ads of last year. if electric vehicles follows the

path of what happened to crypto, we'd say after the fact next year, next year's super bowl there was a lot of excess capital put into -- liz: do you think that's going to be the case? >> i think it's early. we're talking about an electric vehicle market probably opening up in some real volume other than, you know, tesla in the 2030 area. otherwise it's a big guy's game, you know? it's the volt, it's ford's car. i mean, i don't think personally it's a venture capitalist's game because it's capital-intensive, it's long lead time, there's a lot of competition. i just wrote down before we came on lucid, rivian, canoo, atlas, lordstrom. rivian's got more money, selling for more than the price of gm and forcombined. liz: right. -- ford combined. i mean, there's excess in the market which always happens when people get excited.

liz: do you think that sets venture capitalists who are still going into it to be burned? >> i think what venture capitalists are interested in is decarbonization which is, you know, we all are looking to the future when there'll be less spend, and i think that will take many forms. for example, it'll be -- aircraft to save you from driving from here to there, and we're doing everything we can to get rid of traffic, to reduce cars and, of course, carbonization is a major -- liz: we've already seen from google and, obviously, meta that there is an ad spending, i wouldn't call it a depression, i wouldn't call it a total the recession, i would just say it's a serious chill effect at the moment. we saw no crypto ads yesterday. is there a chill effect, do you think? vc, is anybody putting money into crypto anymore? >> i doubt there's very much although, you know, there's always bottom fishers. people are attracted to markets when there is a collapse.

there's some around to pick it up and who believes this is going to turn around. bitcoin, the last time i looked, was selling at $23,000. i don't know what it is in the last couple of days -- liz: 21,600. >> considering where it was, i think it went down to a low of 16,000 during the worst of the ftx problems, and it seems to be holding on. liz: you just said that investing in cars and things like that is a long lead time the, it's capital-intensive, and. venture capitalists want a faster return. isn't that how, say, sequoia got terribly burned by ftx, because they wanted a quick return? they can't check, they didn't do their cue diligence. >> i don't think it was necessarily a quick return, i think they probably got carried away by the euphoria of the market, and that always gets people, ask we may be having, you know, a bear trap going the on right now, frankly. liz.

liz: okay, so the that end, it feels like there's, i don't know if you want to call it a land grab, an arms race, frenzy, this to me looks like a classic bubble. what because it look like to you in. >> you know, we've gone through cycles many investing. we went through the personal computer era, the supercomputer era, the cell phone era, the internet era, phase -- liz: there are survivors. >> right. no, i'm saying these were important, seminal events. i think chat a. a.i., i think the whole a.i. movement is a seminal event. i think it's going to change the way a lot of things are going to the happen in lots of industries, not just going up and having a competitive google. i think people are fining ways to use machine learning and artificial intelligence in a way we didn't dream were possible ten years ago. liz: microsoft is the leader on the dow jones industrials, obviously. it made the first big investment in open a.i., baidu is up.

baidu's a chinese stock. i've got to ask you about this situation with the u.s. and canada shooting down an unmanned aircraft -- >> we went from crypto to ev to shooting balloons down. [laughter] let's talk about -- liz: you're a -- [laughter] >> why don't we talk about the aging population, to invest in people who are watching you right now who are probably over 50 and who need all kinds of -- liz: they've got the money. but they're also worried about what's on the screen, shooting down these balloons. will vc money going to the chinese companies cry up because of this -- >> oh, i think it's clear the government sent a message that they don't want us to be investing. not me personally, but they don't want venture capitalists pouring money into -- frankly, it's the risky, you know? you could get in there and get locked up, get caught in the political turmoil between the two superpowers, and it's, you

know, people who have got their money in there now probably are worrying about liquidity. they should in the hong term at least. -- long term at least. we have to have some kind of rapprochement with china. i don't think this can be forever. i think these are two countries that have got to find way to make things work, and it's a shame that the secretary of state had to cancel his trip because of the balloon incident which we were all fixated on last week. who knows what it'll be next week. liz: well, three more. we don't the know if they're, you know, originated from china, but we're watching this very closely. >> we understand they're very small. liz: smaller than the balloon. it's good to see you, alan. >> thanks for inviting me. liz: thank you very much. >> and remember, prime time partners investing in anything to do with older people, that's the fastest growing part of our population and with the most money to to spend and lots of ideas to help -- liz: i know. i never understood why the young

demo is so valuable. they don't have any money. the teenagers have my money. [laughter] they need to ask their parents -- >> if they want to invest in dog walking and another fast deliverly company. liz it's good to see how you. alan patricof. last week charlie gasparino reported on jeff bezos possible bid on the washington commanders, but is a new company set to intercept that deal? charlie's breaking it. now look at dow, up 350 points and climbing, and we've got the nasdaq, by the way, up nearly 1.5% here, up 166 points. we're back in a minute. ♪ ♪ re! 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!

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♪. liz: with the super bowl over fans and investors alike are wondering who is going to end up buying the washington commanders. charlie, you have a scoop. can't wait to hear this. >> yeah, it is not me, i will tell you that and we don't know just yet. we should point out this is a process, it is a bidding process and at the end of the day

jeff bezos may pop in and throw down $7 billion and win the bidding contest. that is what people think may happen. meanwhile there are other bidders. this is a little information i picked up since our scoop went nationwide and trended. what sources telling fox business network, private equity firm, apollo global, private equity firm is raising money for one of the potential bidders for the commanders. i have not been able to determine who that bidder is but they have put together a syndicate, lead, put together enough money to reasonably bid on this, which would be the five, six, seven billion dollar range. as this happens it is very fascinating, former apollo honcho, josh harris is also interested in bidding on the

commanders. he runs something called harris blitzer entertainment and sports. they own the 76ers, they own the philadelphia 76ers and other teams. he left apollo not on the greatest of term. mark rowan as you know runs it now. this could be an interesting bidding war, almost a family feud so to speak, liz. as this thing progresses. as we reported last week the league would like to get this done before the march meeting, march ownership meeting. there are other players snooping around. people say john henry, former owner of the boston red sox is looking at it. the guy with enough money on hand at the buy it like steve cohen buying the mets, would obviously be bezos. we should point out none of these parties are commenting to us but one thing we do know, dan snyder, the current owner is end tremendous pressure to sell the team. from what i understand he was

not at the super bowl last night. so he is keeping a lower profile amid all those allegations of sexual harrassment at the team and at the management level of the team and you know, we have to see how this turns out. we should point out none of these people returned phone calls for comment but again, we have this pretty much nailed that this sale, there is going to abid on this thing and snyder wants seven billion dollars. liz, back to you. liz: i'm sure he does. well, we'll be watching that. charlie, thank you. that is an interesting development. people thought game set, match, it is bezos but maybe not. the xle what a year it had last year up 60% but guess what? year-to-date it is not that great. it is up 2.%. international asset advisories ceo is still bullish on energy

all of this year, ed? really? >> good afternoon, liz. absolutely. 2.8% six weeks that is not too bad. that is a lot better than even interest rates you get charged with the credit cards. liz: i'm just checking the xlf. financials up 7.7% year-to-date. i'm not saying it's horrible. i'm just saying it doesn't look like it is as gangbusters as it was last year? >> well we had a lot bigger movement earlier last year energy prices than we have this year. we expect energy prices going up. financials, that is our second favorite. we love energy and we love financials. we think both will continue to go up. we think energy prices are going higher. of course that will benefit the energy produce is. and we think interest rates will continue to go higher. every time we have higher interest rate environment, you know what happens, financials start printing money.

liz: that's right. we're waiting to see the real response which is rather interesting. you have two picks for each of the sectors, exxonmobil and chevron and financials you like jpmorgan and bank of america. fintech, sofies of the world rearing their heads. do you like bigger banks because they have better opportunity to scale up in that area? >> that is exactly it, liz. we love the guys that are tried and true know what they're doing. not to take anything away from sofi who we think is a phenomenal company and will absolutely be a player but when we're asked to identify just a few, we'll go with the tried and true we know. we like form. liz: we're coming up on the one year hate to call it an anniversary russia invading ukraine that plays into the energy picture pretty pointedly, doesn't it? we're off former highs. light sweet crude was up to

$128. today we have it 79 bucks a barrel, do you think is it achieves that level again in 2023? >> we think, again, liz, you bring up a great point. a really sad anniversary we're coming on. geopolitical risk there, the geopolitical risk in southeast asia, focusing on taiwan there, that coupled with so many other factors including the our big issue here in the united states is our administration hates fossil fuels. they made that quite clear. with all these factors we think it can go where it was last year. we think it can go higher. [closing bell rings] liz: ed cofrances co, we'll have to ask who is the giant head behind his head. cpi tomorrow morning. you can't miss 3:00 p.m. ♪. larry: hello, folks. welcome to