we're goon get a whole lot of economic data in the next 48 hours and it's going to move markets but not truly reflective of reality. the ceo of zip recruiter said online recruiting effectively cooled across the country, especially among smbds, small and mid sized businesses. similarly corresponding to what you would expect from a macro slow down, they're see ago surge in job seekers. we'll get to initial jobless claims in the morning. bank officers tightening loan standards. guess what's, there's been a significant plunge in demand for bank loans. we don't want them and can't do anything with them and meanwhile, the housing market redfin said value of homes declined by 2.3 trillion in the second half of last year and 46% decline in investors buying u.s. homes so let's see what the data says but that maybe unofficial, liz, it's scaring me a lot. liz: they had vacuumed up a whole bunch of homes.

all in detroit -- listen, it's the free market. what are you gone to do? charles, thank you very much. charles: see you later. liz: gang, we're going to go with a split lead as we kick off the final hour of trade because two developing stories are both affecting the markets: the federal reserve minutes and that epic storm barreling across western and central states right now are those two stories. let me get to the fed minutes. basically a rear-view mirror look at what was said in the room where it happened during the federal reserve's most recent policy meeting has stocks turning red. moving between gains and losses but now in the loss column. right now we have the dough down about half a percent. up till about an hour ago, markets were making a decent attempt to bounce back from yesterday's route r. they clocked their worst session of 2023 but just a day after the dow nose dived 697 points or 2%, the blue chips, which before the

minutes were released were up and now at session lows down 146 points and in parking lot the minutes from the fed's february 1 meeting showed upside risks for inflation and elevated prospect for recession in 2023 and high uncertainty surrounding the outlook for the economy, the job market, and inflation. the s&p, which right before the minutes released was up 12 points is now down 14. some of that is minutes drive by here's where the storm comes in. the best performer on the s&p right now: natural gas producer eqt. it is spiking 4.7% at the moment. we've got nash rale gas up -- natural gas up 5% and in the after market of course is pretty significant here. the coast-to-coast storm that began in california and is pounding the upper midwest, great lakes region and northeast with blizzard conditions and frigid temperatures is ramping up demand for indoor heating and natural gas.

60 million americans, look at this, are in the path of the storm. officials warning travelers to take precautions. that was the wyoming patrol highway -- highway patrol rather putting out this video of one of their officers narrowly escaping an out of control tractor trailer skidding on the icy roads and so glad he's okay and sky is blue there. it isn't right now because that was yesterday. the nasdaq, nowhere near racing yesterday ago 295 point loss and right now down about 16 points, boosted by cybersecurity stocks, which are heavily populating the leader board at the moment and top three performers is palo alto networks up and crowd strike 3.6% and z scaler and palo alto and the other names in the sector moving up there. if luminar were in the nasdaq 100, you can bet that i know dexterity would be much higher and look at this gain for luminar right now of 24%, the

self-driving lidar technology company and integrating software into mercedes cars and coming up in a fox business exclusive, luminar founder and ceoous tin russell is here, the 20 something guy that dropped out of stanford to launch the company and will talk about that deal with mercedes and how big it can be, how much could it add to the bottom line of laser, l-a z r is the ticker there. very - and it is cutting by 66% and will scale back on spending as demand for the growth and saying we envision a less hard landing for the global economy and the growth outlook in china is stronger and less uncertain than we en envisioned a few

monarchies ago and seeing stagnation and contraction and recent data showing resilience, considerable resilience a and te 10-year yield moved up and the 2 year is on the move here and get to the trade show and find out where people should be putting their money and john corpina and sea port securities teddy win y weisburg. >> hey, liz. the sellout we saw yesterday and the fears coming back in the market and poking their heads in and we were waiting for this and could see it in the market how we'd been trading in the green all day. we held on for as lon as we

could but unfortunately the market just didn't have enough -- market didn't have enough strength to battle off the headline at 2:00. this wasn't any new information and the comments that came out was very well expected by the market and traders and curious why this sold off as hard as it did at that point. we know that there's fears of recession and rate hikes and all this combination together tells us that something is going to happen. i think we're going to look at this as a opportunity now, let's see where this market can find stability and broke through 4,000 on the s&p and lows 3980 -- liz: 3983 right now. >> yeah, not that i think we'll see it today but overall with the economic data later this week probably not really going to help support a base as of right now but we know one thing, concerns about our economy, inflation, interest rates are

ahead of us and this forces investors to hit pause once again to see what's going to come out in march. liz: well, exactly. teddy, when you look at where rates might go, this of course just for people getting you up to speed here, means that we will have higher mortgage rates and mortgage rates went up week over week. and higher rates and credit card rates and we had a guest yesterday and she's calling for the fed to raise rates as high as 4.25% and that's even a moving tactor. >> is that a risk that they go to a bit higher than that 5.50 perhaps so go 25 basis points in march and then may and then maybe again go in june? i think that could happen. liz: then i followed up by asking her 0-10 with 0 being no chance, will the fed, teddy, cut rates and she said, i won't say 0 but probably a 1.

not going to cut rates in 2023. your thought? >> the good news is there's a lot of smart people with a lot of opinions but the fact is nobody knows and we're just all guessing. it makes for an interesting conversation and the reality is the fed is telling us what they're going to do and they'll continue to raise rates till they get a handle on inflation and we don't know how long that'll take and raising rates and having a really buying into the economy and i don't know where we're are on this cycle but the problem for investors in markets in general is we're getting to some form of reality and those folks that are living in the zero interest past in my opinion are just living in the past and we're never going to see that again. rate goes a little higher and stay where they r go a little lower, the fact is this is the new reality and this very well could be the reality for months

and years to come. liz: so, john, if you're looking at places to put money aside from what teddy arguably has been pounding the table on for quite some time and that would be very high yield and treasuries these days. the six month, one year, the two year, et cetera. where in equity world do you see a opportunity that's not treasury style but treasury-like? >> well, i think, liz, just from the basics you have to look at high dividend sectors, high dividend etfs and that'll give you some sort of safety and yield. this is a long process and take as long time for the economy to reap the benefits or negative effects of what the fed does and look at economic data, it's a look back. we look at market and how it's reacting, it's what we're anticipating will happen moving forward. i think you have to find a safe

haven and travel and risk and seen up tick there and financials have downside risk associated with t and we've seen tech peak its head back up again ever so slightly and that's got a long time in front of it before we see real solid follow through there. liz: teddy, nine minutes ago i mark that had the dow's session low was down 119 and we're down 156 and to john's point, it wasn't so much that we saw something in the minutes or as i mentioned we've got a very strong storm that is coursing across the nation. the airlines are down but not too dramatically and more than a thousand flights canceled and like we're getting hit with a one two punch and earning season is nearly over. do we go back to being data-driven and headline-driven? >> oh, absolutely. this is the worst couple of months for the market historically in my opinion. the earning season good bad or

indifferent gives everybody something to focus on particularly in the overall markets. with that behind us, then the focus is the economic data. it's interest rates and the fed and geopolitical problem and the reality is there's no real clear solid anything out there for the markets to focus on. there simply are too many unknowns and don't mean to be so negative but in all my years i've seen a couple of good months and bad months and majority of the months where you're up or down and a couple small percentage points but at the end of the day, you're kind of spinning your wheels and walking in the soft sand. i don't think it's the end of the world as far as markets are concerned, but i also don't think there's a real compelling reason to put money to work here. therefore back to the treasuries, better safe than sorry and no risk and maybe you miss add opportunity and at the end of the day, i'd rather keep

my powder dry and wait till the wind is at my back. >> let me add one point, liz, that i've been trying to watch while on air but it's difficult. look at vicks and the shift in the market from the s&p and vicks should be trading higher at this point and down 1.5% on the day and there should have been a correlation from the minutes that came out and to the vicks and i was expecting if we saw this flip, the vicks would be trading higher and little disconnect and confusion there and adds to what he said before about the market and uncertainty that's there. it's not just in the economic data and out look, but in the actual what we're seeing and correlating asset classes that are matching up. liz: everybody keep in mind as you look at vicks, which right now is standing at about 2023, 22.5. high of the year over the past year was 37 so we're nowhere

near that -- nowhere near that and not too much angst in the market. john, teddy, good perspective. thank you very much. while the fed frets the labor market is too strong, the rise of artificial intelligence might very well be what cools it off. could ai put your job in jeopardy? if you're a writer, maybe. new books written by chatgpt popping up all over amazon as controversial chat bot makes way into the mainstream, pallen tier cofounder is here on the rise of the chat bots and imminent threats from silicon valley's latest creation. it's a fox business exclusive and closing bell is about 48 minutes away. we've got the dow down 155 and i'll check quickly and low of the session is 165 and not too far away from there. "claman countdown" is coming right back and all over this market tick by tick. ♪

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threat from chatgpt has authors on notice and amazon's website now reportedly offers more than 200 books that list open ai chatgpt as author or coauthor. team clammen count down went through and picked out some of the titled written by chatgpt and found a novel about one of the most successful investors called the life and legacy of warren buffet and discovered a selection of shorts titled ai write and a short stories andy indigo, my buddy ai and buddy the brave and are all written by

chatgpt. will artificial intelligence kill writers and maybe other professions. bring in joe lonsdale and cofounded palantir that cofounded ai and eight vc. joe, i don't want to make this as simple of a question as is john grishom going to be out of a job soon but the call is coming from inside the house. if amazon has already 200 authored chatgpt books, the threat is already here, is it not? >> i think chatgpt is a really fun toy. i think it's really useful for doing rote work. i'm not sure john grissom novel will get much competition for a long time. liz this, is a large language bottle, llm and good at predicting what word will come next depending on the topic. go to openai.com and some of the guys that built palantir built

ai and we're involved with them and tell me what an angry horse might say to me when i try to ride it or, you know, speak to me like king james version of the bible but talking about not putting aluminum foil in the microwave. it's fun and silly stuff. i'm not sure it's replacing novels yet. liz: it is a learning machine, and we have discovered that the more input of data and information it gets the more it actually learns and there's been a lot of examples of this, joe. i guess i could say do you predict that one day -- i mean it won't write something as detailed as say a personal memoir like angela's ashes by frank mccourt but research and textbooks, anything like that? >> what you can do is use it for things and modify it. u say, give me a -- this topic, you know, this scientific topic, this direction and it'll give you para paragraphs and go editm and learn from them and writing

the full book, i think we're a decade or two away from being able to really do that and even then when you say learning, it's predicting based on seeing everything else and builds intricate models and concepts of the world and seeing the bent and reading it back to you at random. it's not quite learning in a human sense yet. liz: how many ai companies, you as a venture capitalist, how many are you investing in right now? >> well, you know, when you say that, it's interesting. how many cloud companies are you investing in? at this point everyone uses the cloud and everyone uses ai. if you're not using ai, it's like a tool you use when building things and if you're not using t you're making a mistake and every one of our $800 million funds will have a big investment and all of them are using ai, some more than others because it's so useful and does help you save money on processes and helps you generate things and doing something in biology, take all the data and extract it and clean in

different ways for ai and using a icon substantiately. liz: it's been an absolute g gae changer at palantir and posted positive gap earnings of $31 billion. that was ahead of schedule. the stock today might be down but it's been on a strong run lately and what you guys do, you guys being the company you founded, mine data, palantir analyanalyzes for clients and ss trends and everyone from the u.s. government to basic companies, l. >> yeah and augment's people's ability too. there's an idea from 60 years ago called man, machine, and symbiosis and there's things man is better at and things machine is better at and palantir goes in and lets you organization and see things in ways that people can be exposed to what they need to make their decisions and do great work. you still need people's minds in this information and just

need -- it's impossible for a person's brain to interpret all these things and changing how hospitals work and changing healthcare and protecting healthcare and civil liberties and cash flow is positive and earnings possible. that's the cool thing. what we have to do now. liz: cash flow positive on this one and by talking about companies, this is a company you're committing venture capital to and started five years ago. describe what this is. this is electromagnetic pulse equipment that can shut down swarms of bad guys. we have this balloon situation all across the sky and shot down the china boo balloon. where is the usefulness and got a significant deal with the u.s. army. juror >> a $70 million deal with the u.s. army and started out five years ago and turns out you can put ai -- you asked me about ai and put it on power chip to control power chips and hit

electronic tank mitters and blast them far away and turn out of ships, cars, trucks, tanks, drones. the russian convoys, we could fly over a five mile russian convoy with a new device firing right now and every chip would be friared in every car, tank and truck and couldn't turn them on it'll they replace them and wouldn't hurt a person. that's a really cool defense. >> as soon as dod wants it, we'll get it there. liz: joe, keep us posted orthian and that's very interesting and we cover a lot of that stuff. please do. >> will do, thank you, liz. liz: joe lonsdale. all right fake writers. talk about fake meat. the death of faux meat may be greatly exaggerated and wait till you see what beyond meat stock has done this year and impossible foods punching back at a bloomburg article claiming plant-based foods are nothing but a fad. impossible ceo peter mcguinness joins us next. closing bell, 36 minutes away

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and that's it... done! and they're paid tomorrow, not four days from now. if you know how to send a text, you know how to use roll. go to getroll.com/tv and get your first three months free and unlimited payroll. liz: dow jones industrial down 142 point-blank layupses and look at beyond meat and we talked about the stock all the time and right now it's gain 3:00 o'clock% at this hour. it had a horrific 2022 but since

the start of this new year, shares of the meat stub institute company are up 37%. meanwhile its biggest competitor launched three new chicken products and in a faux food fight with the media. impossible foods released this full page add a few weeks ago and saw it in the new york times and innocence when stories in the media are hating on plant-based meat, we throw our burgers on the grill and leave the rest to re reddit and prints pro faux meat and supporting impossible foods. this came in an article from bloomburg with a headline fake meat was supposed to save the world and became just another fad. well, not so says impossible food ceo peter mcginness and she's joining us now. peter, it must have been important enough for you guys to put out that ad, a full page ad in the new york times is no small chunk of change. why did you do it?

>> i think it was time to -- it was time to put our side of the story out there. i think we felt that was more of an opinion piece, and we wanted to get our opinion out there. we're getting started as is the category and 90% of people that eat our products eat animal meat. it's not a fad or a flop. yet we're -- we have 15% awareness and 5% household penetration and 95% of the country hasn't had our product yet and we're in first gear and many more gears to go and we want to put that out there and two sides to every story and we wanted to put our side out there and let consumers decide. liz: i'll tell you who's deciding are retail stores, grocery stores, restaurants. 30,000 retail locations carry impossible foods, 45,000

restaurants so you've got all these major partners here and a whole bunch of different restaurants, cheesecake factory and all these chain restaurants, burger king. they are choosing you guys and it's a matter of the fact that bloomburg put in there that popularity of refrigerated plant-based meat dropped and sales fell 14% last year and what do you attribute that? >> yeah, look, when you look at category, let's define the category. right now neilson or iri lums that into vegan and vegetarian and veggie burgers around for 25 years and meat replacement, which is beyond and impossible. and so it's unfair to look at -- let's define what the category is and we are in business to replace the animal analog. in fact, if people consume 50 million pounds of impossible plant-based meat versus animal meat, you'd say

4.5 million gallons of water, 37 million trees and avoid 1.5 billion pounds of ghg. we are not a vegay burger. i think -- veggie burger. and there's a lot of options and a lot of company haves come into the market and all those products are not great yet. liz: that's right. >> because the category is down, doesn't mean impossible is down. we grew over 54% last year in retail. you have to look at offerings and it's a bit kind of general and lazy to say since the category is down, therefore, you know, there's no promise of potential of plant-based food. liz: i talked to your founder pat brown on stage at consumer electronic show a couple of years ago at the wynn, the wynn gala room at the big room they had and the wynn chefs took impossible meat and made all kinds of food with it, and it

was amazing. the problem i think for some people is that they're not the wynn chef or fancy chefs and they're waiting for improvement on the taste but there's also coming up from the rear, lab grown chicken from cells here so that becomes another competitor, are you dabbling in that at all? >> no, we're plant-based meat. we're not lab-grown meat. our primary ingredient is soy. we source our soy mainly in illinois so we support american farmers. that's another myth out there so we're getting, you know, most of our products right there in the middle of the country and they're being made in chicago and being made in los angeles where i am today. and being made in oakland, california. grown in the u.s., made in the u.s.. and plant based. so, look, the food very versatile. you can buy that ground beef. it's great with chili, great in

tacos, great in others and we need more people to try, buy, and explore the food. what keeps me up at night is not the cynics or nay sayers or the challenges and we have challenges like every company but it's the opportunity. again, you're competing in a $1.4 trillion category and total based on oral is $7 billion. we're just getting started. >> and before we go, when's the ipo so we can put it on the calendar? >> i'll keep you posted. i'll come on another time. right now we'll do an ipo when we need to do an ipo. liz: this year? >> not that year? >> no. liz: okay. come to us when you're ready because we want to see that for sure. peter, thank you. >> thanks for having me on. liz: peter mcginness of impossible foods. fox business alert, look at markets right now and remember

before the fed minutes come out and we're all in the green and turn negative and nasdaq clinging to 5 points of gain and dow down about 131 points and s&p down 11 and speaking of chicken, wing stop spreading wings and soaring to new 52-week high at this hour after beating analyst estimates for fourth quarter numbers and stock up about 8.8% at the moment and chicken wing chain reporting that its cost of sales decreased year over year helped bay 49% drop in the cost of bone in chicken wings. wing stop has also continued to expand over the past year and has 1,559 restaurants up from 1,731 a year ago. lalazy-boy hitting a 42-week hih and this marks the forth consecutive quarter that the american manufacturer has beaten analyst experts and stock has gained more than 40% year to

date. because of the cup holders and the built in chargers. but i know not from what i speak. the sky's the limit for tarrian orbital shooting higher after a contract to built communication satellites for a space network. the company will design, manufacture, and deploy 288 satellite for rivada from the subsidiary and calls to build 12 spare satellites and they're targeting the first much launch as early as 2025 and $3.06 stock. the auto maker was formed back in 2021 from the americaner of italian -- merger from fiat chrysler group and report add 26% rise in net profits and 41% increase in global, battery, and electric vehicle sales.

part of the company's record results in north america, workers represented by the wuaw will re-save profit share payouts of $760 a piece. the maker of fiat and jeep also announcing a $4.47 billion shareholder payout and $1.6 billion share buy back program and stalantis up. mercedes benz doubling down on all seeing eyes as it claims and aims for accident-free autonomous driving. baby billionaire luminar ceo austin russell is here next in a fox business exclusive and two hours ago he made a huge partnership announcement with mercedes benz and up next to tell us about the new multibillion deal with the luxury auto may recollect. and he went from maintenance man from the gap to getting the audition call that everybody would be rock stair dreams of and steve did it when we he the

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liz: breaking news out ovcalifornia this afternoon. take a look at lie darling stone leader luminar shares up 28.6%

right now. the company announce add sweeping expansion of the partnership with global auto giant mercedes benz after two years of collaboration, mercedes is officially integrating luminar's iris lidar and self-driving software into the next generation production vehicles by mid decade. mercedes completed the initial phase of iris sensor program to now incorporate the sensors into the vehicles beyond just prototypes and eventually the company will offer customer's car withs autonomous driving capabcapabilities and joining ma fox business exclusive to diggs cuss the milestone is -- discuss the milestone is the genius, founder and ceo austin russell. i say genius because what were you, like 2 when you got your first -- what is it, patent? see, i'm not a genius, you are. but congratulations on this. we've been ho hassling you about

your next announcement. what is it going to do for mercedes in regular terms? >> so i think what it all comes down to is being able to dramatically improve the next generation of autonomous driving capabilities and assisted driving cameabilities and assisted driving capabilities for the vehicles. it's moving across the lineup and it's amazing about this and something that it's certainly the broadest skill we've had in probably anything the industry has had by a long shot in terms of being able to get the technology in all their consumer's hands and through the course ochoa decade, that makes all the difference when you have the leader in luxury automaker and being able to double down on us after working with us for a few years very, very closely. liz: we're looking at video from

lidar enabled luminar scars that stop when they see everything from a child to a dark tire for the middle of the road. when can you give us a time line as to when people can walk onto a lot and buy the mercedes? >> mercedes mid decade is when the next generation lineup they have and will be featuring a luminar all starts rolling in. that's, you know, a couple years down the road. the key thing for automotive is a key cycle and working closely for years and we're in that big sprint to pass the top of the mountain to get us all to work and we'll be scaling up and building up an additional factories to support the huge volume increase capacity that's more than 10x. liz: right, and polstar and a partnership with polstar and partnership with volvo and a

chinese car that you are working with called rising r7 made by scrc motors and you may be builting -- can you confirm you're build ago plant in asia to churn out these parts for asian-made cars? >> absolutely and we're doing that and will be districting them globally because the key thing is now the volume is like i said, when you have a more than 10x increase in volume in terms of certain areas, that enables us to be able to have unprecedented scale globally across the board and means an additional facility build out that we'll be doing with the first one from what we had in mexico and the next one will be in asia. liz: okay. and i do have to ask this because it's making news now, tesky laxer elon musk a-- tesla and elon musk announcing in conjunction with gavin newsom, he's going to make the headquarters or engineering in california, even though he's

dis-ed california quite a bit in the past. but there's been prototypes seen on twitter of tesla's maybe with luminar in them. now, he hasn't wanted to use lidar, which is light detection and ranging and he likes to use cameras. is there any opportunity where you'll be working with tesla at some point? >> well, people use luminar as the benchmark and that's the benchmark and reference that everybody wants to get to like in that specific case and mercedes is using that exact reference and benchmark because the whole point is our lidar with the ground truth view and see folks like mercedes in this world and volvo and other auto makers leaping together when it comes to assisted and autonomous driving capability and see everything around it more reliable and that makes all the

difference. liz: we do have to go, but these have been priced at $1,000 per system. is that in the ballpark there? >> yeah, that's the ballpark and it's coming down even further so i think the point is that these are no longer $100,000 roof racks that you see on the roof of the autonomous test cars. they're seamlessly integrated in a vehicle for under $1,000 and will be accessible to millions of vehicles now. liz: well, i got to tell you, this has been a story from day one that we have literally followed in your footsteps to cover it. congratulations on the mercedes deal and please come back, austin, good to see you. >> absolutely. all right. thanks. great to always be here. liz: austin russell with the stock popping here. we're coming right back with the dow, not popping, down 153. ♪

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♪. liz: republican leaders renewing the call for securities & exchange commission chair gary gensler to comply with outstanding requests from congress for more information on his climate change proposal that the commission aims to vote on in the coming weeks. charlie you have scoop on this controversial story. >> we should point out the whole story is on foxbusiness.com.

you can go read it. it was a scooby ellie. this is more than renewing calls, for all intents and purposes it is a full-fledged investigation by republicans leading in the house, but joined by republicans in the senate. the house would be patrick mchenry of house financial services committee, the senate would be tim scott of south carolina and they are basically ramping up, mr. highs zynga is involved as well, they're ramping up a investigation best way to put it into gary gensler's, how can we put this, climate discrows -- disclosures. forcing every company in america publicly-traded somehow define their carbon footprint, how it might impact global warming. liz: every publicly traded company? >> think about that. we're talking about science not settled, global warming, i'm not saying global warming doesn't exist, how much is impacted, is

unsettled science. they're asking every company to wade into those murky waters. the proposal is on the table to be voted on by the full commission i believe in april. it is likely to pass with gary gensler's vote and two democratic commissioners. then all hell's going to break loose. here is what the republicans are doing, what our sources are telling us, all this kind of information. did you study impact on oil prices? dud you study if this infringes first amendment rights? you're asking companies to go out on a limb to give opinions how their operations impact the carbon footprint. they're asking for him to disclose the time frame on how you came up with these rules and they're kind of laying the ground works for private litigation. i will say this, i spoke with people at blackrock, i spoke with people outside of blackrock, i spoke with people on the hill, i spoke to legal experts, john ellison, a corporate, professor of

corporate law at delaware university, one of the foremost experts on this stuff. they all say this thing will be challenged. republicans are laying groundwork with this investigation and it is very highly likely, maybe, 99% likely it is going to get overturned. here's why. normally corporate disclosures liz involve, tell me about profits, tell me about sec investigations, tell me about this, that, the other thing. they don't involve weird immeasurable stuff like climate change. watch this. we'll, we should point out the sec had no comment, okay? liz: good stuff. charlie, thank you very much. closing bell, we're two minutes away. here we go bring in brandywine portfolio manager jack mcintyre who has a very interesting point of view here, jack. you're saying the fed is last year's story, right? why do you think the fed will have more nuanced impact on the markets versus right now?

>> okay, liz, let's say they tighten, three times 25 basis points, 75. they did that four times. the tightening they did last year will have a meaningful impact on the economy in 2023. rate hikes right now won't impact the economy until 2024. liz: knowing that, and your thesis how are you picking stocks right now? >> so i'm a bond guy. i'm picking u.s. treasurys. i think you should actually have a barbell. 60/40 should work. i like treasurys because i think that all that tightening the fed has been doing is going to impact the economy in 2023 and that increases the odds of a pretty significant slowdown. liz: you're still saying treasurys. which end of the curve? obviously the short end, right? >> no. i actually like the long end. liz: really. >> short end has juicy t-bills, six month are 5%. can only enjoy them six months.

i want to go out the curve, lock in some higher yields. liz: 10-year? >> 10-year, even 30 year. liz: even the 30-year interestings. where are you seeing opportunity at this moment? >> i like assets outside the u.s. similar to the idea the u.s. economy is slowing down this year. we have china opening up, doing more stimulus. they are going to grow. that will help asia, it will help europe. it is a recipe for weaker dollar now which is tailwind for international assets. liz: when you throw jack mcintyre into the recipe it always tastes good. good to see you, jack. pleasure to have you on. major averages well-mixed off the lows of the session. [closing bell rings] liz: s&p down six, nasdaq, russell punching into the green. that will do it for "the claman countdown." larry kudlow, the man is next ♪ larry: hello folks