charles: all right, folks, we're sort of in a holding pattern. this is about where we were before president biden started speaking, maybe just a little bit lower. all the major indices including a couple of benchmarks are right at key numbers. if we look at oil, every i'm the it hit $80, it's been waffling a little. keep watching oil, that's a global indicator about demand. the 10-year is inching higher, and keep an eye on the russell 2000. i still think there's opportunities there, right, liz? liz: it was the only one that's been up, granted only by 1 point, but, hey, charles, you see that the founder of the wall street bets reddit room has filed suit? charles: i saw that yesterday, what's going on? liz: coming up, that founder is

going to to join us live. reddit accused him of trying to enrich himself in the chat room he created which he gave retail investors, as you remember, the power to the take on wall street. it's now one of reddit's most popular chat rooms x. later this hour we are going to ask him why he waited three years to sue reddit and whether in this suit could hold up reddit's planned ipo. don't miss jamie right here, 3:30 p.m. eastern time. let's get to the markets, we're going to explain exactly why u.s. stocks are down but not out, okay in they're down not too dramatically, but as they claw back from a dramatic selloff earlier in the session, we're kicking off the final hour of trade,s and the dow jones industrials down 139 points, the s&p lower by 17. the nasdaq down 62 points, the russell flat to just slightly lower. take a look though at where the dow was early in the session at its low. it shed 410 points, pretty much just shortly after the open. i don't want to point finger, but by all means, let's blame

someone and something. let's start with the something. yet another piece of data came out showing sizzling inflation. the january producer price index, that gives us a read on inflation at the manufacturing level, rose a more than expected .7% month over month and a greater than forecast 6% year-over-year. and, folks, this is after nine interest rate hikes in a row by the federal reserve. of course, they're trying to make borrowing costs more expensive so that prices come down, which brings us to someone. after the ppi came out and on the heels of yesterday's big beat on january retail sales, cleveland fed president loretta mester came out swinging today saying, quote: more upside inflation surprises could make fed policy more aggressive. uh-huh. the weakness in u.s. stocks that you see on the screen right now really in stark contrast to big strength, where? in the u.k. and europe. look at france's cac, their

version of the dow jones industrials, smashing through the ceiling today. it hit an intraday record high. the index is up 14% so far this year compared to the dow's 2.5% gain. and speaking of raising the roof, the ftse 100 in london also blasting to the a new intraday record. it closed above 8,000 for the very first time. i do want to stressst the not like there's no green on the screen here in the u.s. cisco leading the dow jones industrials followed by home depot, apple and coca-cola. and, by the way, cisco is also -- look at that gain, 6% -- one of the nasdaq leaders after the network equipment giant posted quarterly earnings that beat wall street estimates, and they raised their forecast for the full year. but the layoffs in ec the land continue -- tech land continue, cock you sign and twilio -- dock you you sign and twilio shrinking their work forces. twilio slashing 17%, docusign up about 4.5%. look at twilio, a 16% gain there

as both of these companies cotheir version of mark zuckerberg's year of efficiency. but wait, fidelity is hiring. the asset manager says it's looking for 4,000 new employees to hire in the first half of this this year alone including 500 jobs in boston. live on the south end, that's the best strip there. with some key reports coming out after the bell, applied materials, doordash and draft kings, we know you guys need guidance to get you through the headlines. let's get to our floor show, jpmorgan's phil -- and raymond james' sue you paul reilly along with scott bauer from the floor of the cbo. phil, to you first right away, you have said that this is a historical, once in a lifetime entry point for investors. >> yep. so i'm talking about from the context of a fully diversified stock and bond portfolio. so last year, liz, let's put it

behind us -- liz: yes, please. [laughter] >> it kept me up at night. there was nowhere to the hide, you know, the u.s. aggregate index was down 13%, worst year ever. the only year that was worse than that, that could compare, was 1994. that's the bond side. now, on the ec by city side the federal reserve and other policymakers, they borrow toed losses from the future to the -- borrowed losses from the future to deliver in the present with all of that aggressive interest rate hiking. so you come into this year, and everything is based on the fact that loretta mester does not have to fulfill that promise of higher interest rate hikes. there's about three more 25 basis point hikes priced in, we would agree with that. a lot has happened this month. as long as interest rate volatility comes down, i think a well diversified portfolio does very well this year. last time stocks and bonds both went down the in the same year, 1974. you don't position for things that happen once every 50 years. liz: okay. so you're saying this is the time to get in on both ends who?

both ends, stocks and bonds. we're neutral on stocks, stopping short of saying we're overweight, but on the bond side i think, you know, starting from these level and if the fed fulfills only three more hikes, you're going to be the fine on the bond side. liz: okay. let's remember -- [laughter] that phil said that. paul, if we look right now at the fed funds futures, and this gives people an indication of how the market is betting, the probability by june that we will see rates at 5.25-5.5%, that is more than what the fed had said back in december. look at this now. i mean, these probabilities are continuing to move. so do you agree with phil, and as we look at all of the clients that you have, what are you hearing from them about investing in. >> well, first, i don't have on the able to pick stocks and live off my performance like phil does. [laughter] so my job is to look just really long 'em. so from a corporate standpoint, there's enough volatility and uncertainty that we say we just

don't know. so corporately, we're keeping liquid, and people say overcamp capitalized, we think well capitalized. from the market standpoint, 5.5% historically is not high interest rates. the problem is getting there and adjusting to it and knowingst the over. and the market freaks every time there's a story, right? inflation's up, there might be another rate, so they overreact. it could be a good time really for both of those markets and it's just we don't know, so we're guessing. i agree, the one thing we can count on is the fed's been -- they did raise rates every time. when they're not going to raise rates, they kept doing what they said they were going another. they said there was another couple of points, two more raises and then they would wait and see, and now the data coming in inflation stays high, my guess is they will go one or two more. liz: phil the, i want to get to bonds -- >> yeah, or i'm so happy. [laughter] liz: they are roaring higher over the past couple of weeks.

do you get the sense this is the best place if somebody's too nervous to get into equities, to park concern this is what warren buffett's doing. >> yeah. i call it the halfway house, right? the defensive spot is where we went the end of the third quarter. 10% of our fund in cash, most we've ever had, right? and now we have an historical 25% allocation to investment-grade corporate bonds. like, i can't believe that's our most glamorous trade that we're talking about right now. [laughter] liz: so sexy. >> and as you know, the curve is so inverted, think about all that opportunity you have on the frond end of the curve. it's -- front end of the curve. we don't have to go on the long end, and i think the move, as you said, higher this month, i think the move was totally healthy. it was way too premature to price in an ease, way to premature. so what's happened is you get 5.25% on the fed funds futures market, and jerome powell gets to say that's exactly where i want. liz: 4.65% for the 2-year

treasury. if you're picking stocks and paul doesn't have to worry about the daily moves, guess who does? scott bauer, you're right there in the trading action. what are the flows, what are you seeing on a day like this where we've got the hotter than expected manufacturing inflation number? >> it's actually unbelievable, liz, because you would think with all of these hot numbers, with mester coming out, you know, being as hawkish as we've seen anybody be recently, with the retail sales number that we got earlier in the week and then the jobs picture, why is this market continuing to hang in there and grind higher? you know, why did we make that rally back today? well, the order flow back here, very, very heavy on the call side still. liz: explain what that means. those guys behind you concern let me interrupt you. those guys behind you, explain what that means to our investor audience who might not know the call. what does that mean? >> absolutely. absolutely. so this is the s&p 500 option pit. so all of the s&p 500 options that are traded come here to the

floor of the cvo. these guys are taking the other sides, the locals, the market makers, they're taking the other sides of all of the investor, all of the retail order flow, institutional order flow that comes down to the floor here. there is a large amount of call buying out three months from now, two months from now. so there is some still upward pressure to the market even with all of these negatives, if you will, in the face of what's happening here with inflation and rates, etc. and it's really unbelievable. and my take on that is as, you know, i'm a trader not an economist, but my take is that people are getting complacent that 5% now, 5.25 -- liz: comfortable. >> -- that that's the norm, yeah. that the market and the economy can handle it. and that's why you're seeing some of the big tech and big growth names really start hanging in there. but i'd be a little careful

about those names. liz: we have some breaking headlines, and i just bring this out to you gentlemen, bullard is saying that he advocated for a half a percent move to the upside, paul, at the last meeting. that's a more aggressive move especially at a time where people are thinking they're getting closer to the end. >> well, i didn't know that, but i told people when they asked me it was the going to be a quarter, i said it may be a half. because they are focused on inflation, i mean, razor focused. they're going another the whatever it takes to bring it in. and, you know, the question on the market is you asked what investors are doing, like phil's strategy we agree, stay diversified through it. but those are the risks we don't know. and i guess the real downside risk is cash gets expensive, and rates can go up beyond the fed rates if there's a lot of competition for it. to get worried about how long this cycle last, and i think it's good the fed gets it behind them. liz: people are concerned about

tech because there are so many layoffs, google, microsoft, i mean, thousands and thousands. you i saw today, docusign. you guys are hiring at raymond james, correct? >> that's correct. liz: why so confident? >> well, first, we have to because we're growing. we had 9.8% new assets, we're hiring advisers at a great a pace, and we've got to support it. so our market model says we have to hire. we see still good growth in this, and we haven't been stuck in layoffs. but the difference in a lot of tech companies is they overhired. so they grew so fast, they had to adjust. and unemployment's still low. it's still not easy to find people. so as long as there's a good labor market, it's hard to see a recession if people are employed. liz: isn't that the point, phil? that, to me, shows soft landing, maybe no landing. >> i know, no landing is the new buzzword that we just came up with this month. you could have half a million people get added to payrolls from last month, but it's the wages that matter.

and i think we are seeing -- and i think jerome powell would agree with this -- a clear turn in the wage number. that was the biggest fear in the summer of last year, that there would be this wage price spiral that just takes off. that isn't exactly happening. that has turned. and i think if you, again, if you were to ask jerome powell what are the financial concerns you're most concerned with, that is well price for them to go three more i'mss. james bullard can say what he wants to say, he's well off the far side of the hawk-dove chart. he's always talked very, very aggressively. but at the end of the day, jerome powell's more at the center -- liz: yeah, and not a voter. >> right. and he's claimed the evidence of disinflation is being seen. liz: scott, we're talking fed if hawks and fed doves, and i'm like, oh, i'm a dinky little city sparrow on the street trying to eat mcdonald's leftovers off the sidewalk here. [laughter] but to you and edge the, what if there are viewers who really want to start putting some money to work, and they're still

thinking everything needs chips? we've got applied materials after the bell, the chip equipment maker, where do you see that opportunity? >> you know what, liz? in that space i'm a little cautious right now because so many of the stocks have run so far. if i could look out 6, 9 months from now, nvidia would be the mace that i'd want to be in. -- the place i'd want to be in. this is not necessarily by entry point. i think we are going to get a pullback in a lot of these stocks that have rallied 20, 30% over the last month or so. but nvidia, out of all of them, would be the one that i want to be in concern. liz: yeah, already up about 52 the % year-over-year. it's down slightly today the but, you know, it's one of those sexy tech stocks. i want to thank all of you, scott, phil, paul, so wonderful to have you all. very smart conversation. we've got investors who are dying to get stuff from the smart people. that would be all of you. thank you both very much.

all right, think big money taking bets on start-ups is dead in its tracks? we have found the company investors are betting $100 million on, and it comes courtesy of the founder of that smart thermostat, nest. up next, mil, that's the company, mil puts the circular into the circular economy. a connected smart trash can that converts your food waste into chicken feed? silicon valley entrepreneur matt rogers up next to explain the green process that could make home come posting and the fruit flies that come with it a thing of the past. closing bell, 45 minutes away. we're talking trash to treasure when "the claman countdown" returns in a moment. dow jones industrials losing 207 points. don't move. ♪ ♪ unlimited with no annual fee.

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liz: fox business alert, dow is now down 260 points. how about this, one man's dinner scraps are another man's start-up. with food waste becoming a massive contributor to emissions and overstuffed landfills, the brain behind smart thermostat nest is trying to solve the problem at its source. so let me give you this number, the usda estimates nearly a third supply in the u.s. alone goes uneaten with most of it ending up in landfills. all the farming, the transportation, the cooling and marketing that goes into that uneaten food is responsible for 8% of global emissions. enter mil. it aims to take food waste and morph it into what it calls food grounds which it then transforms not into fertilizer like compost, but chicken feed. yeah, chicken feed. [laughter] and the first of these smart cans is set to ship out in the next few weeks. ceo and founder matt rogers

concern the man, by the way, who disrupted the low arely wall thermostat into nest which he later sold to google -- joins us now live to reveal and explain mil. matt, a couple weeks ago, i have to tell you this, our reporter, jeff flock, showed our viewers a chicken rental company, sort of the uber of chickens which has taken flight as egg prices skyrocket. so in our morning meeting today we thought, well, mil is like uber eats for chickens. how do you describe it? >> i describe mil as a new system to keep food out of landpill ifs, to get back to farms. and it's the easiest thing we can coat home to do that. liz: okay. so explain -- we can lose the jeff flock chicken -- [laughter] even though it's very transfixing. okay, explain exactly how this system works. >> so you get a new bun -- bin for your kitchen that is beautiful, easy to use and doesn't smell, that's the

biggest hinge. imagine the stinky trash situation, gone. no more drippy bags, no more fruit flies, and what's cool, it aches weeks to fill up. liz: okay. and then what? >> then once, twice a month when the bin is full, you put a box on your front porch, and we pick it up through the u.s. postal service and get it back to the us so we can turn it into chicken feed, turn the it into eggs. liz: okay, let me back up. so if i have table scraps or food scraps, let me describe to you my food scraps. lime rinds, 'cuz i'm always making mow here toes. on the weekends, of course, but you're going to make a chicken eat lime rinds that have been broken down, i guess, into these grounds? >> so chickens are omnivores, they eat everything. but two, we're going to blend thousands of homes' food scraps together to make a very uniform, accomplishes and nutritious feed ingredient for chickens. liz: and how much does this

cost? >> it starts at about clash 1 a day, and -- $1 a cay, and you get the bins -- imagine if you got a delivery of eggs every month as a thank you from the farmers. liz: oh, that'll cobecause egg prices have skyrocketed rather dramatically. you and your team when you were at apple, so we're going way back here, you, i believe, built the software for ten generations of ipods. i am not counting you out. but this seems a little convoluted, and i'll tell you why. most of us are already paying for some type of trash service. either through taxes or through, like, i live in a little cooperative on the hudson river, and we've got to pay for trash disposal. so you're telling me i've got to pay about $30 a month to have somebody come and do do the food scraps. how are you going to convince cities to do this? >> so cities are pending trillions of collars -- spending trillions of dollars managing waste today, and no one's happy

with waste. no one likes waste. in fact, it shouldn't even exist. so imagine if we could build a new system where we got our waste to actually a much better purpose, give it back to farms? farmers are seeing higher feed prices, egg prices are going up. what if we could take the things we were finished with and give hem ott the high and best use? liz: well, you're rolling out some of this in tata coma, washington. i'll be somewhere -- in that the coma, washington. i'm already getting e-mails from dogs who are going to short to your stock the innocent that goes public, because there go their food scraps, so that's a complete bummer. [laughter] you're going to have a built-in short call by dogs. [laughter] but we wish you the best of luck. we love our innovators here on "the claman countdown." good luck to you, matt. >> thank you. liz: matt rogers, the company is milker and they are taking names for the wait list. all right, in just a few minutes this has been the huge story overnight, the founder of

wall street bets, jamie rogue zinn sky, is here in a fox business exclusive on why he just slapped red kit with a lawsuit -- red kit with a lawsuit. closing bell, 36 minutes away. the dow losing 288, the s&p down just under 1% or 41 points. the nasdaq down 153 or 1.25%. we are coming right back, it's a can't-miss exclusive interview with jamie rogozinski. ♪ ♪ so people think they're open. surprise. [ laughs ] [ horn honks, muffled talking ] -can't hear you, jerry. -sorry. uh, yeah, can we get a system where when someone's bike is in the shop, then we could borrow someone else's? -no! -no! or you can get a quote with america's number-one motorcycle insurer and maybe save some money while you're at it. all in favor of that. [ horn honking ] there's a lot of buttons and knobs in here.

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liz: we've got some breaking news right now. lower manhattan, sam bank sam bankman-fried's hearing in that u.s. district court in new york has just apparently ended. you're looking at a live camera that we have right in front of courthouse steps. we're waiting for any video or any hive picture of his departure at any moment. judge louis kaplan has asked prosecutors and sam bankman-fried's lawyers to the send proposed orders on revised bail conditions next week. of course, the big story was that the he already may have violated some of his bail conditions because he's not supposed to be using vpns or, of course, virtual private networks, and he used one to -- can this is him earlier, by the way, showing up to court -- he used one to watch the super bowl. no, no, no. no. so any news that we get and when he comes out, we'll try and get

you that shot. in the meantime the, let's take a look at the markets, the dow is down about 317. low of the session, as i said s a loss of 410. not there yet. s&p down 46 points, the nasdaq down 179. look at this stock, travel centers of america. it is traveling sky high after bp said it would buy the truck fueling provider for $1.3 billion in cash, up 70% right now to $84.45. that is an important level here, folks, because what they're going to buy it for works out to clash 86 per -- $86 per share, so it's not reached that point yet. that's good for bp. the british energy giant seeks to expand its retail the network. travel centers owns a chain of 218 highway sites across 41 states. bp up about a percent. shares of shopify hitting the return counter despite a top and bottom-line beat. the e-commerce company down 15.75% right now. it's been an ugly cay, you can

see from that intraday chart. shopify forecast revenues in the high teens on a percentage basis versus consensus estimates which had been, they expected 20% if growth, okay? so nobody's happy that they didn't manage to reach. that shares of footwear maker crocs stomping higher. by the way, that is a 15-month high at the moment, $130.90, a gain of 4. the company forecasts full-year profit above estimates citing strong demand for crocs and hey dude brands. crocs' fourth quarter revenue and profit also beat estimates. plenty of room to grow for scott's miracle grow, that according to wells fargo. the firm upgrading the stock to overweight and jacking up the price target to $100 from 75 a share. it's at $87 and change right now. saying that the maker of garden products including hydrouponnic equipment for marijuana cultivation, has the potential to boost margins by curbing

expenses. by wells' calculations, scott's could see earnings per share of $5.50 in 2024 versus street consensus of clash 4.25 the -- $4.5. the stock right now up nearly 6. ♪ liz: the original reddit rebel taking the popular social news site to court. the creator of the wall street betts forum which gave the retail investors a voice and muscle now filing a lawsuit claiming he was unceremoniously ousted from running the popular channel he created and that helped the company reach a $10 billion valuation. jaime rogozinski explains his complaints -- complaints next in a fox business exclusive. now the dow is swooning about 355 points. jaime rogozinski is next. ♪ ♪

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liz: the founder of wildly popular reddit chat room wallstreetbets has slapped the platform with a lawsuit. jaime rogozinski is i suing for -- being moved -- removed and violating his right to trademark the name. he is seeking at least $1 million in damages for breach of contract and in violation of his publicity rights and to ban the wallstreetbets forum unless it reinstates him as moderator. rogozinski, he created wallstreetbets in 20 the 12, but the reddit room really rocketed to fame in late 2020. the reddit forum has now amazed 14 million subscribers. -- amassed. we kid reach out to reddit, they said, quote: this is a completely frivolous lawsuit. jaime was removed by reddit and banned by the community moderators for attempting to enrich himself.

in the lawsuit is another rank the parent attempt to enrich himself. it's telling that he is filing the suit three years after he was banned by wallstreetbets and long after the community rose in mainstream popularity without his involvement. we continue to protect the best interests of the communities and moderators of our platform. all this is coming as reddit has announced plans to go public during the second half of this year, so with this lawsuit from the if wallstreetbets chat room founder that helped reddit reach a clash 10 billion valuation, will it derail the plans to ipo in joining me now in a fox business exclusive, jaime rogozinski. let me just throw this out at you, why are you bringing this suit now? >> hi, liz. thanks a lot for having me on. that's an excellent question. so let me start off by addressing the pact that the i did not pick the i'm the -- fact that i did not pick the time, reddit kid. we've been in settlement negotiations for several years, and back in december they decided to pull the plug and

ache the me to court. even still i'd just like to give them another chance and go to mediation so we can have a professional intermediary help us try and work through the differences, and after the first session they walked away from this thing. so reddit picked the time. i have been silent about this for three years hoping to find an amicable, mutually beneficial solution to this problem, and i think that reddit is surprised that i finally decided to fight back instead the of sitting back with my arms crossed. liz: okay. they say that you violated the guidelines, that within this chat room their guidelines say no one in any of these rooms is allowed to enrich themselves. say they you wrote a book and that you started promoting the book. game, set, match. some lawyers would say, okay, reddit wins here. why do you say, no, that you have this case? >> look, you know, i'm not going to try and figure out what the fine print is within these things, that's what lawyers are for. i want to understand white house legalese why it is that after i

was kicked out, reddit is chasing and me there and i tool to -- and trying to take away my intellectual property. i can understand concern it's the up to the courts to figure out whether or not that was right or not right. but i took an idea to reddit, and i i said, hey, i want to create wallstreetbets, and reddit goes, i believe you kid something wrong. once again, courts will decide what took place there. but then they kicked me out, then they chased after me. they just usurped this. i don't understand it. and i'm not the only person the has happened to, right? this is what i don't understand. i don't understand what reddit's long game is on this thing, i don't understand what i started concern when i started doing research, i found that reddit has trademarked all sorts of names, and other people have actually raised opposition to this thing. so, like, this is a much bigger question as to whether or not i decided to sell a book. and just one last point on this thing, i don't understand why, you know, monetization is really

the thing that i was in trouble for, why were the moderators on wallstreetbets allowed to continue monetizing by selling t-shirts before, during and after i was kicked out for many years? in other words, monetizing reddit doesn't seem to be a problem unless you're me. liz: well, exactly. so there i would see a little bit of a crack in the armor because you have all kinds of examples on reddit. i mean, we looked. of course, "the wall street journal" pointed out that fidelity is able to promote their services on a reddit chat room. so that i guess. i get. i look at all this and i think to myself, the part about the trademarking, you wanted -- you applied to federal court in oakland, california, back i think about a couple, one month before your dethe par church you applied to -- depar church you applied to trademark the term wallstreetbets. they also tried to trademark wallstreetbets, but you came up

with it. what part of this is going to be included in the lawsuit in. >> everything. i mean, like, that's whole point. like, here's the thing, i'm not here to talk legal stuff. that's where the armies of lawyers are, right? i am here to just say, hey, i had an idea, i go to reddit, i get kicked out and i'm not allowed to take my idea with them, right? we'll figure this out. look, i can understand that reddit says i wanted to protect this community, and that's why i kicked him out. sure, let's give you that argument for just the sake right now. why chase after me? when did reddit turn into goliath? why all of a sudden are they deciding -- liz: well, this is their -- it's their platte form, jaime, i mean, arguably -- >> i'm sorry? liz: it's their platform. they would argue, wait a minute, i work at fox, i do a podcast, everyone talks to ladybirds. fox owns that because -- liz. >> you imagine what would happen if all of a sudden discord says,

hey, i'd like to protect our little chat rooms, so i'm going to start snacking up these little rooms in your best interests, right? how did that fly? what kind of message -- look, i know i would never take my next idea to reddit, right, and probably that feeling is mutual. but if i were in reddit's shoes, i would want to be trying to promote this message of, hey, let's bring in more people. social media companies rely on con end to the creators that want to come to their site with good ideas and actually create the content. unless they're trying to claim the fact that they were actually producing the posts and the moderation on wallstreetbets, which i don't believes the. are. liz: what about this issue, if you were allowed to come back and be the moderator, the way that reddit puts it and some of the current moderators, you wouldn't exactly be welcome because for some reason they don't like you? i mean, why are you fighting for this -- >> look, look, this is a really simple one, right? that excuse, they didn't think that one all the way through. here, i'll put it this way, on

one hand you're saying 14 million, i thought it was 13 million. on one hand they're saying 13 out of the 14 million members showed up after i left, because when i was there, it was 1 million. meaning practically nobody there knows me or practically nobody who's there now was there when i was around. but nobody there wants me. so how can nobody want me if nobody knows who i am? like, pick one and stick with it. at least think through your arguments before you come up with it. look, i know that reddit was trying to rush this thing out door, and i don't want to tell them how to do their job. i almost feel bad for them, right inst the perfectly acceptable for a pr company to say no comment when you have no idea what you're talking about the. liz: my final question is you're looking for 1 million or is it more than 1 million? 1 million seems kind of small in these types of situations. is that all you feel you were harmed -- >> i have no idea who came up with that number. yeah, that concern i don't believe that -- liz: is it more? >> no, no.

look, somebody came up with that number, they put it in there. the point here is that, like, i'm extremely confident in the fact that i'm going to prevail in this because reddit has never shown an ounce of diligence when it comes to me. they can't even seem to smell my name when they wrote this pr release. i think they thought i was a teenager the until recently, because they served papers at my parents' house in washington, d.c., i live in new mexico. i'm an adult, reddit, coyour homework. but the biggest reason why i'm going to prevail is because i am passionate about this, i love this. this is -- i'm fighting for what is right, and i believe that reddit is just fighting for money, and that's a much weaker incentive, right? i don't understand why reddit decided to push me to the other side. they could have this same exact theory fighting for them instead of against them. they should have kept our interests aligned in a mutually beneficial manner n a symbiotic relationship the way that every social media company seems to

get it. liz: ja aime, thank you for for coming. it's newsworthy that you were in settlement talks, you kept quiet, and the reason you're filing now, three years later, is because you couldn't come to an agreement. please come back -- >> just let me be clear, i would have continued settlement talks. reddit took me to the court now. this is the point, right? this isn't me deciding to take advantage of the moment. liz: thank you for coming on to audiocassette to our viewers about it -- talk to our viewers about it. wallstreetbets definitely changed the hand scape for the power of the retail investor. you created it, we'll be watching this closely. >> thank you so much. i'm happy to come back anytime. liz: we got the shot, or sam bankman-fried just leaving u.s. district court. this is the literally seconds ago. judge louis kaplan has asked prosecutors why they were not sending sam bankman-fried back to jail given probable cause to believe he committed a federal felony. the judge also extend thed his order on communications anded

asked for a tech consultant to advise on these issues, so both parties will come back to court next week. and again, the has to do with the fact that he violated the order not to use vpns to access things on the web and hide the fact that he was doing that. and that's apparently what he did to watch the super bowl. all right, we are coming right back. we're at session lows. well, actually, no, a session low would be a loss of 410. s&p and nasdaq are at session lows, the dow is down 383 points. don't move. ♪ what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

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liz: is this, are we on? >> live tv. liz: just moments ago sam bankman-fried did leave the court. if you want to look at the moment. we have the video. it is coming charlie, you've been following this. he violated terms of his bail. the judge asked the prosecutor why aren't you asking me to send him back to prison? >> interesting last night, going around ftx circles, people screwed over by him, invested with him, the july was an floyd. i tweeted this sent it around everybody. you could see him back in jail. i think the judge just laid it

out there in the to the prosecution, why aren't you asking -- he violated terms of jail by watching super bowl. liz: uses technology that hides what he is doing. this is a technologist who some funky things. >> this guy is so dumb. i know he went to mit or whatever. liz: so smart. >> but are you sure he is smart? did some of the dumbest things ever. liz: you can't go to mit. >> if you're smart do you lose 8 billion? did he steal it, allegedly steal it anyway. he is in trouble for the super bowl. we should talk about the super bowl. liz: yes. >> i have some source, every year before the super bowl there is something called the owners tail gate party. liz: i've been. thanks to you. >> yeah we went once. i've been in the past. this is where you get a taste of what is going on in the nfl. you know this is the owners, this is celebrities, you name it, they're all packed in there,

bankers, billionaires, people want to be owners. it is walled off. none of the average folks, the poors? can get in. it is just them. if you get lucky, get in like i have in the past you can find out what is really animating nfl owners who are some of the most powerful people in the world, the business community. they're billionaires. they give a lot of money to presidential politics, they care about the future of the league and business. i have some sources there. i didn't go this year. i was on my couch with a martini in hand watching game. liz: me too. not a martini. >> not a bad place to be. here is what will say. two issues animating them. presidential politics. despite how liberal, woke nfl has begun under roger goodell. the owners are conservative gop. they don't want trump trump. as field gets more crowded, tim scott get in. tim scott was there -- liz: senator tim scott. >> he is pressing the flesh for

campaign contributions at the owners meeting with kevin mccarthy, the house speaker. with him getting likely trump will be nominee. that was kind of general feeling from what i understand. that is what owners are saying. >> what about nikki haley? >> she is in there true. dividing anti-trump folk. the other thing they are desperate besos to buy the commanders. liz: he has got the coin. >> he has the coins the cash. dan snyder probably has to sell because of all the controversy, sexual allegations, league did a investigation. likely to come out. he wants to sell. he wants to sell for five or six billion dollars. what they're hoping for is josh harris comes in, whoever, bids six and then bezos comes in and bids seven. by the way when that happens the

value of all their teams go up. that is why they want bezos in here to top the bid, they think it is a good chance he will do it. liz: go browns. >> come on. >> cleveland whoo. >> never guess where i'm going tonight? i'm going to rios. guess who invited me? liz: who? >> a dude named veto. liz: i'm smoked. rios, veto, gasparino. 2 1/2 minutes away. stocks at session lows at the moment. art hogan chief market strategist at b. riley wealth. i follow your twitter feed. art, i need to follow what you're doing in a market like this. the market is down making new lows. the psychology here as an investor are doing? >> real interesting, liz. we have a tug-of-war going on where the equity market believes because of the stronger economic data we had plenty of that over course of last five days, jobs

report, retail sales, cpippi, playing into the narrative the recession has been pushed off to the end of year or we may not have that at all. meanwhile the treasury market doesn't believe that at all. they are backing up, two year, 10-year over the course of the last three trading days. it will be interesting to see who is right here. right now it's hard to guess which side of this is right. this market has been real resistant in the face of selling off otherwise would be better economic data would be bad for market. we seemed to move on from that. liz: we're looking at a selloff here. we have the dow down more than one 1/4%, 425 points. you still, and i like the way you think. there are still trades always. you say tj maxx, autozone and cheniere. what is the common thread weaving through all of these? >> all are incredibly

shareholder friendly management team. auto owners buy as back a lot of shares. average age of the auto is 12 years. they are the best. tj maxx, a treasure hunt. done great job at store openings. they are the best at that business. shen fear will be the bridge future. we found out during the war with ukraine how important lng. the important thing about cheniere they turned cash flow positive. spending massive amount of capital investment to the point where they are now. instead of burning cash they're earning cash. that is important for cheniere. [closing bell rings] liz: nasdaq snaps a three day win freak. stocks at session lows. we'll see you tomorrow. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. plenty of news today but first things first we turn to national security and we go ballooning with p