month or so, and it's a bad time, obviously, with high food inflation. now maybe not much attention was paid to it, because this extra help began under the prior administration. i guess of course there's a lot of political strategists out there who said listen ignore the story, because if you bring it up, you know, people are going to wonder why this is starting to happen and also, there's the five largest states that this is happening to. the most expensive states in america, where it's already tough to be poor, now you'll have far less food stamps as well. so i don't know maybe over the weekend we'll hear something about it. listen, we want to be in the country where people are only on food stamps for a temporary period of time. we don't like cradle-to-grave but certainly when they need the help maybe they should get the help? that's what i've been told. all right, liz, over to you. liz: it's fine to help the helpless, the truly helpless charles: yes. liz: thanks charles have a great weekend. charles: you too thanks a lot. liz: we gina with a fox market

alert, federal reserve board governor michelle bowman who in the past has come out on the side of larger interest rate hikes until inflation dies down is going to begin making public comments. now, back in august, just to give you some context here, at a bankers event, she stressed that "until we see inflation declining in a consistent, meaningful and lasting way, the fed should lean toward meati er rate increases" so she's going to be appearing it says 3:00 eastern that's where we are now on a chicago booth school panel about market dysfunction. we will get you her comments as soon as they hit the tape, so , don't move. all right, no market dysfunction as we kickoff the final hour of trade though. we've got the dow jones industrials punching through the ceiling here of 350 points up 352 right now, the s&p is climbing 61 points, the nasdaq having a solid session, up about 2% and a gain of 223 points and the russel 2000 small and mid caps up 1.5% or 27 points. check this out though. there's something we haven't seen in a while. green on your screen for the

week. stocks looking to end the week on a high note, even in light of strong inflation data, which normally would spook investors. the dow jones industrials on pace to snap a four week losing streak up about 1.6% on the week , s&p is on track to crack a three-week losing streak it looks like we will gain about 1.8% on the week and the nasdaq looks to close out the second week out of three up 2.5% so clearly, tech is the powerful one this week. about that inflation data. the ism non-manufacturing pmi, perfecting managers index, is a read on services sector pricing that showed a faster than anticipated expansion in the last month. coming in at 55.1 versus estimates of 54.5 now the groups measure of new orders jumped to the highest since november of 2021 signaling robust demand, and the index of services employment, that spiked to a more than one year high of 54.

those numbers would really seem to back federal reserve chair jay powell's insisting that the fed's job of quelling the inflation fires is far from done. he said as much many many times, but look at the 10-year yield. it is coming down after breaking through the 4% ceiling yesterday right now it stands at 3.97%. flip it over to the two-year yield which hit a 16-year high thursday. that's retreating. it had been as high as 5-plus percent now at 4.86%. regardless of any pullback in bond yields we're still looking at a deeply inverted yield curve of about 90 basis points which signals growing fears of someone put it a fed policy mistake. no fear of any kind of mistake if you're piling into meta shares this hour you get to choose which headline is driving this 6.5% move right now. is it the ceo mark zuckerberg announced today on instagram that he's slashing the price of the meta quest pro inventory

you'll reality head side by 400 bucks to $999, so pretty clear attempt to whip up demand for his meta hardware, or is it a sign, second headline, that meta's what'sapp is on its way to becoming a super-app. zuckerberg saying the brazil central bank just okay'd the launch of the payment feature and meta is up more than 50% year-to-date. to the dow heat map tech at the top, apple leading the blue chip s on a "wall street journal" report its main manufacturer, foxconn, is considering building up iphone production plants in india so we have it up about three and one-third percent but in an uncertain economic environment will consumers upgrade their phones or trim spending? okay, walmart right now is in the negative, barely, but still that's been the issue. are people buying as much as they were before? well look at costco shares. they are down about $12 and change or 2.5% languishing at

the bottom of the s&p. the company posted a revenue miss in the second, for the second consecutive quarter. costco citing slowing demand for discretionary goods. remember discretionary is extras things you don't have to buy, but that you want to buy. chocolate. no, that's non-discretionary in my opinion. how should investors read all of the tea leaves we've just poured into your portfolio? let's bring on the floor show and our traders todd horowitz and teddy weisberg. inflation data today will push the fed to pump the rate hike gas pedal but today the market doesn't seem to mind. read between the tea leaves that you see here. >> well i think it's a very interesting day, liz. the cash is king trade and the short-term treasury as far as i'm concerned is still the place to be when you don't know what to do but today is particularly interesting, because we've had a lot of chatter about 50 bps bump in

rate at the next fed meeting where people were kind of getting used to 25 bps, so 50 we're getting aggressive again. the inflationary numbers are certainly not helping the fed at all. we have a market that's putting on a pretty good show. now i don't think one week is going to make a year, but clearly, its been a good week, and particularly its been a good day with the tech stocks, which act negatively to the prospect of higher interest rates, acting so well, so it's a good rally and it's a great way to end the week and nice to have something positive to talk about liz: yeah, yeah, i get it. we are at session highs right now. we just want to point that out so with a gain of 372 points on the dow, rest of the indices are following, todd. you get to read between the tea leaves here. for some reason today a hotter-than-expected inflation number that ism services report is not spooking the horses in the equity markets. >> hi, liz. you know, listen. you've got a lot of problems but

you have a short squeeze going on. we've been oversold for a few weeks here, and bang, you get some buying coming in so nothing else really matters . when guys are short they are buying just to get out. they don't want to get squeezed any farther. they can't take the pressure. you get a rally because this is a favorite to fail and fail pretty hard. the fed, this is the only fed ever raised rates into a recession, and i think that they are dead set on getting the 10- year to 6%. we already have 7% mortgages and i think that you've got consumer s that have credit card debt they are running out of money. that's why you aren't seeing spending at some of the stores. they have maxed out their credit cards forget about the number because it doesn't compare to years back and inflation is nowhere near 6.5 because we don't count food and energy properly in the proper use of what people use it. liz: well, okay. so i just want to let our viewer s know i'm keeping my eye here on what we call our hot wires and just waiting to see if michelle bowman of the fed says

anything during this panel but we know what raphael bostick said yesterday, teddy. he said, the fed may have to do more given high inflation strong jobs market. although we won't decide until the meeting. as we know, in just a couple of weeks, on the proper policy path ppp. but regardless of that, where are you putting the money? i know that you that you have really liked some of the shorter duration bonds. do you still like them? >> yes, it's still right at the top of the pile, if you will, because there is still, liz, so many unknowns out there. not the least of which is don't fight the fed. i mean, they are basically telling us what they are going to do and inflation is not cooperating, so interest rates are going up. we don't know how high. everybody has an opinion. nobody knows the answer, but i think the general direction clearly we would all agree is going to be higher, and the markets have great difficulty with that kind of environment. when you have an alternative,

for risk, which is a three-month or six-month trend, that's paying around 5%, why stick your neck out? liz: travelers just turn positive. can we look at the dow heat map one more time. here is the feds funds futures 34.6% chance of larger 50 basis point hike. this is the market indicator that looks like at the moment it's inching higher but okay, so now, what do we have? we had seven dow components in the red when we started. now dow and walmart have turned positive albeit very slightly, and the dow jones industrials, look on the right part of your screen here, on the bug as we call it, 393 points, that's a fresh high and we're watching this closely, so clearly, apple, boeing, goldman sachs, walgreens boots alliance and american express and walt disney are the six leaders here that are hoisting up the blue chips. so bubba? you seem to be angry at the fed. not angry, but you're very skeptical of the federal reserve and yet -- >> that's right.

liz: oh! >> thanks, teddy. >> he's right. liz: okay, well, knowing that, let's just say you are correct. there's always a trade, is there not? >> no, there's always a trade and i think teddy nailed the trade right now. the trade right now is to take 5 % on three-month bills, because you're not going to get that much return and you have no risk to that investment, so why not take the short-term money. certainly, if you find values in the market of things you just want to own at these prices, hey thering wrong with buying stocks i believe 10 years from now, we'll have averaged our 8.5% gain year-over-year; however, in the short-term here, i'd like to be and i am myself in a lot of short-term cds and a lot of short-term bonds, holding because i'm taking the 5% that they are handing out to me and it's going to get bigger as the fed continues to show how much of a lack of a cool they have to what markets actually mean and how free markets really work because they don't let the free markets work.

that's the real problem at the fed. liz: three-month yield right now 4.85%. todd, teddy, have a great weekend gentlemen. thank you. >> thanks, liz. liz: great to see you. okay in the wake of the major computer systems breach the u.s. marshall service just revealed the biden administration rolling out its national cybersecurity strategy. the ceo of cybersecurity firm z- scaler is here live to tell us if it goes far enough to keep american businesses and the government safe from hackers he's about to give his exclusive assessment, next. closing bell 49 minutes away, and we have a rocking rally on our hands, dow is up 387, s&p is having a very nice gain here of 64 points or 1.6%. the nasdaq up two full percentage points right now the "clayman countdown" is coming right back in just a minute.

your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

liz: we have some breaking news out of washington d.c. president joe biden has just met with german chancellor schultz in the oval office last hour. the russia-ukraine war now in its second year. the two leaders discussed how to show continued support for ukraine as concerns grow that there's a distinct possibility china may start supplying weapons to russia. let's look at natural gas while we're at it because russia has tried to weaponize the commodities against germany and the rest of europe. it maybe up about 8.5% right now , but the price has plummeted nearly 50% over the past six months. germany had been the top buyer of russia's natural gas but has since cut its dependence after putin ordered the attack on ukraine. attacks coming in all forms including cyber. the white house released a new

national cybersecurity strategy yesterday to secure america's digital echosystem. the administration is going to build the nations cyber defenses using these five pillars. defend critical infrastructure, destruct and dismantle threat actors, shape market forces and drive security and resilience, invest in a resilient future and forge international partnerships to pursue shared goals. let's find out what the pros think of these five pillars here with me now in a fox business exclusive, jay chautery, ceo of z-scaler global leader in cloud security. jay what do you think of the plan? >> liz first of all thank you for inviting me back to your show. i think it's a good plan and an incremental step that the white house tried to take a couple of years ago. there's a lot of work ton to be done while it's a good start. liz: a look at this and i say look any updating of what is already in place is good but we just had a very worrisome breach

at the u.s. marshals service. now the u.s. marshals service are in charge of protecting judges, in charge of the witness protection program. if that's hacked and breached and some of that information comes out, lives could be at stake so clearly, there's something we're not doing enough of. what is that? >> a lot of it is holding of large agencies and organizations 30 years ago, industry started to defend ourselves, protect ourselves using firewalls, vpns and that technology, which builds more architecture. the bad guys have been moving faster. applications are everywhere. users are everywhere, and organizations need to move faster, to move away from traditional legacy firewalls and vpn's and embrace the architecture. the good thing the white house started to do a couple o of years ago was emphasizing the need for zero-trust architecture and they made good

progress but these steps are going further to ask to do more. i think this is the right direction that while implementation happens. liz: are the bad actors, jay, smarter and faster than our government and quite frankly then the companies like yourself that have brilliant engineers. >> i don't think bad actors are smarter, but i think they don't have inertia of a large organization. large organizations deploy these things that take time. they sit on it, things move slowly. these initiatives, from federal government is trying to get rid of inertia and move faster, new techniques are being invented to overcome all technologies like firewalls and more. we need to move to zero-trust faster. that's one of the things we have been doing. zscaleer is very focused on

protecting our federal government, our state government , in fact we have over 750 organizations in public sector that are working with us to implement zero-trust. 12 of the 15 largest cabinet- level agencies are working with us. this includes doj, gsa and the like so a lot more work needs to be done. the focus on public and private sector corporation is very important. i was happy to see that it's being emphasized. liz: well, jay, your second quarter numbers just came out. your billings during that quarter jumping 34%, very impressive, and yet the stock is down today probably in part because you said that you would expect billings to decline in the current quarter. wouldn't you if you're doing all this work for the u.s. government then get more billings? i know these are longer term contracts and subscriptions, but what can we look forward to if i'm a shareholder of zscaler, and what the government will add

to your bottom line if they're that committed? >> liz, it's all a matter of expectations. the company will get the kind of growth we have in billings, our revenue went up over 52%. i think we have solid foundation we have a highly differentiated zero-trust architecture with a major league. we got over 40% of fortune 500 companies protecting us. stocks do what they do, markets do what markets need to do but i am personally focused on one thing. keep on building these effective solutions to make sure we can protect corporations, we can protect our government, and if we do that, everything else takes care of itself. liz: well, i feel like we can never let our guard down, and let's keep an eye on what the gang at zscaler is doing to shut the bad actors down. jay good to see you. >> liz, thank you. i appreciate the opportunity. liz: i know you do, and we

appreciate you coming on. thank you so much. you guys, listen to this. the world's first 3d printed rockets? it's set to blast off to the final frontier. we are headed to the headquarters of relativity space in california. that's a live picture, okay, but it's way cooler than that. wait until you see. we're taking you to california as the space race takes its latest gigantic leap. closing bell 38 minutes away. yeah, we've got the market action here dow jones industrial s up 371 points s&p on this friday climbing 61 the nasdaq up 216. you know what's down? volatility. the fear index going by 5% we're coming right back in a moment. wow, we're crunching tons of polygons here! 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 with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work.

i want my daughter riley to know about her ancestors and how important it is to know who you are and to know where you came from. we're discovering together... it's been an amazing gift. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. for businesses of all sizes, there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose a next generation 10g network that's always improving,

getting faster; more reliable; and more intelligent to keep you ready for today and tomorrow. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. liz: markets right now are continuing to rally. we are off session highs but at the moment the dow is up 354 points, we are on track to close out the week i'ller for all three major indices keeping an eye on the broader market but also, on the individual names. a fumble for bumble. this after the online dating site said its founder and ceo whitney wolf, and investor blackstone offloaded a total of $313 million in stock, so the

stock, investors don't line that the stock is down about 9% the secondary share sale was priced at $t2 .80, a discount from yesterday's close but you look at this novelties or s can't be happy. last week bumble projected revenue growth above estimates on optimism the number of paying subscribers will rise this year. broadcom hovering around the top of the nasdaq and s&p 500 after after the semiconductor maker reported stronger results, broadcom also said it expects a big boost from ai chat bot demand, we're talking about that a lot these days sales of the networking equipment for ai applications is expected to rise from $200 million last year, you ready for this? to more than $800 million this year, and that is not the only company benefiting in the space. c 3-pointai is surging 33.5%

after the enterprise artificial intelligence software company posted stronger than expected third quarter results, and upped its guidance for the current quarter. the companies adjusted loss was $0.06 a share a lot narrower than the $0.22 wall street was expecteding. ceo noticed increased interest from tapping ai capabilities such as chatgpt. that's an more statement, increased interest, skyrocketing interest. shares of ai and machine learning data analytics are also on the move big bear up 15.5% and sound hound up 22%. it's not just an all-ev world out there. ford shares are going higher by 4% after the auto maker said it will increase production of electric vehicles as well as popular hybrid and gasoline-powered cars. "to meet strong customer demand ." the ev's include a mustang mach

e crossover, the f-150 lightning truck and the broncos sport and the maverick. ford yesterday said its plans to resume production of the f-150 on march 13 after it was forced to halt the assembly line last month due to a battery fire, but they will fire it backup again. general motors are also on the move to the upside here but look at volkswagen up 9.5% cit ing tailwinds from the inflation reduction act, the german auto giant is on the move after the company said today its scout electric suv and pick-up brand is going to build a $2 billion plant near columbia , south carolina expected to bring 4,000 permanent jobs to the region. speaking of ev's take a lack at tesla shares after retrieving 5% or so yesterday we have shares up just about 4% at the moment. meanwhile, there's good news coming from elon musk's other company, spacex. one of the companies dragon capsules successfully docked at the international space station early this morning. the four-men crew arrived after

yesterday's successful launch from cape canaveral. so while that mission is complete, california-based relativity space is gearing up for a historic launch next wednesday, lift off of the first -ever 3d printed rocket , we said kelly o'grady because this is so cool to long beach, california the headquarters of relativity space. this is so fascinating to me. what do you have there? reporter: oh, liz, i have been having a blast today. what a great friday assignment. so that test launch next week, there's no passengers yet but they have already got a lot of folks excited and secured 1.65 billion in contracts already. now, i want to bring in tim exll is, the co-founder and ceo. thanks for having us today, this is so cool. >> thanks kelly for coming here and excited to show off our 3d printers and rockets. reporter: so let's talk about that. you founded the company in 2015, a lot of high profile investors, mark cuban. how does 3d printing solve the

cost issue when it comes to space exploration? >> of course well this is the first nearly entirely 3d printed rocket so 85% of the first vehicle we're flying is metal 3d printed. relativity also has the world's largest metal 3d printers which is one of them, a piece for our second flight that we're building, and it really is a brand new manufacturing technology. people have not seen in rocketry before at this scale so 3d printing replaces the traditional manufacturing model of giant factories, building products one at a time by hand with hundreds of thousands or millions of individual piece parts in a very complicated supply chain with more software and data-driven manufacturing technology, so this 3d printer can build a piece of our rocket, fuel, and propeller tank without any fixed tooling and so just changing software, we can change what the design looks like, that makes the rocket much cheaper to build and faster to iterate and

so that is really very novel approach to building rockets. reporter: and so obviously, it costs less, less people doing that. supply chain, has got to be an um pact. everything or limb everything is made in-house. >> yes, nearly everything, and we have a thousand people on the team from when i started the company just seven years ago , and so not only do we have such an experienced team, but as you said, we develop rocket engines in-house. we actually control about half of nasa's space center where we do all of the engine and vehicle testing and then we have our own launch site at cape canaveral where this first launch will happen, and we do much of the engineering and development in-house so our own material science team to develop around metal alloys. reporter: we got to take a look at this , right? so something like this is going into space next week. now, this is just a test next week, right? but where are you going? how are you going to take a run at elon musk and spacex? >> yeah, of course so next week is our first rocket launch as a

company but it has a bunch of first for the industry so it's the first liquid methane and liquid oxygen rocket in the u.s. to attempt a launch to orbit. we be the first company to ever launch a methane-fueled rocket to orbit in the world. these are propel aunts used full for reuseable rockets so relativity is also developing a very large reuseable rocket which is 20,000-kilogram payload , so more than 20 times larger than this initial vehicle that one is also metal 3d print ed and has already been in development for several years so we really see this initial rocket launch as a prototype and test to test technologies that we will take to the much larger vehicle. that's the one we sold almost $1.7 billion of customer contracts for. it's very clear in the marketplace there has to be a second spacex-type company that's building medium-to-heavy lift rockets, is working on reasonable rockets, and nobody else has taken that crown yet and so relativity is the best position to work and to make that happen and that's what

we'll go do. reporter: real quick. any thoughts about ipo'ing? because i know the "clayman countdown" viewers are interest ed. >> i know right now, we're one of the largest private space companies in the world by market cap. we have really patient long term investors like fidelity and blackrock, but they are quite patient and we'll do the right thing. right now we're staying private but i wouldn't put it out of the question at some point in the future if it makes sense for our strategy. reporter: thank you so much, tim i appreciate it. we'll have to get him back to announce when he ipo's. i'll send it back to you, liz. liz: that is absolutely fascinating. see , we love this innovation right here in the usa. best of luck to him and the company. thank you, kelly. kelly o'grady. chatgpt, another u.s.-made innovation may be the most disruptive technology since the smart song but to be truly disruptive, it has to push an existing technology off the clip. so think blackberry killing the

palm pilot or the iphone killing the blackberry phone. crack ventures founder and member of the paypal maffia, david sachs is here live to tell us which silicon valley giants need to fear the rise of ai the most. it's a fox business exclusive and yes, we will get his reaction to the breaking news that reed hoffman, one of the board members of open ai has just stepped down. it's a fox business exclusive stay tuned closing bell ringing in 25 minutes the dow is up 355 points. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion

but it's only available for a limited time. go to getrefunds.com, powered by innovation refunds. what causes a curve down there? who can treat this? stop typing, and start talking. it could be a medical condition called peyronie's disease, or pd. you're not alone, there is hope. find a specialized urologist who can diagnose and treat pd. visit makeapdplan.com today.

♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment

and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. osisko development is a premier north american focused gold mining company targeting mid-tier producer status by advancing its high-grade tintic project in utah, and the feasibility stage cariboo gold project in bc. osisko development

liz: fox business alert. we're just getting this breaking news an update on president joe biden's health. a biopsy last month has been confirmed that the president had a form of skin cancer, basal cell carcinoma. the tissues from the president's

chest were successfully removed. no further treatment is required but the president will receive regular skin screenings. the suspicious skin was discovered during the president 's physical on february 16. basal cells are among the most common and easily treatable forms of cancer. and this just moving in the last hour. linkedin co-founder and grey lock partner reed hoffman is stepping down from open ai's non-profit board. open ai is of course the company that created the wildly popular ai chat bot can't gp t. why is hoffman stepping down? the paypal maffia member and entrepreneur says in a linkedin post, "i believe that ai has a major role in benefiting human kind, as an investor but also as a humanist, i want my participation in anything ai to support the goal of elevating humanity." as much as i can help, i want open ai, inflection, and many more companies to have a clear path to build with each other, if they so choose, to benefit all of us. being on the board would cause

conflict of interest for many future investments he may make in tech that use chatgpt. open ai by the way just announced it will be offering an api, so that the chat bot could be incorporated easily, an app, in other technologies. so here to react in a fox business exclusive, fellow paypal maffia member and now co- founder and partner, david sacks. this is very interesting, and for people who think he's stepping down because he's somehow making some type of protest, that's not at all what this is. his venture capital group, grey lock is clearly going whole hog into open ai or at least ai chat, right? >> that's right. i mean, i think the key announcement this past week was that openai was releasing an ap axe for developers to build applications on top of it, and cutting the price of accessing that api by 90% and that's really a game changer that will open the flood gates and we're seeing application developers all over silicon valley already

talking about the things they could potentially do using the chatgpt model. what the api does is allows developers to access the large language model, the true ai powering chatgpt without going through the chat interface, so it's going to open up this power of ai to lots of application developers. liz: and you are very interested in all of this and investing in it as well. let's talk about what you're doing in the artificial intelligence chat bot space. >> yeah, i mean, so this is going to be the next big wave in silicon valley. it's really clear, it's pretty obvious to everyone in silicon valley. this is a very powerful wave. i think it's on the order of previous waves we've seen like cloud, social, mobile. these were huge waves that not only disrupted companies that couldn't make the transition but they also created the conditions for giant new companies to arise and i think ai is going to be of that kind and it's really probably the biggest wave we've

seen since mobile. we had a couple of waves that didn't really quite pan out over the last several years. we had crypto, which is not very speculative and web 3 which nobody can say what it is but this ai wave is very real and we're starting to see really exciting use cases for the ai, which is why i believe it's real is that we're already seeing killer applications being developed. you're seeing applications that incorporate this co-pilot functionality where it feels like when you're using the app, you've got essentially a power user sitting beside you the ai helping you do things. you saw that applications like g it hub are incorporating a co-pilot that helps developers code faster. we invested in a company called copy ai that actually writes blog posts and copies from marketers so it's a marketing co -pilot. you're seeing ai's develop that will help salespeople do their jobs, where it will actually monitor the sales call and make

suggestions in realtime on how to address objections, and then, i think compile intelligence across all of the sales calls happening in the organization. one of the things that the ai is really good at is this conversationa almost intelligence that can actually understand what people are talking about. liz: to that end, though, of who should be most worried? as we said, is it truly disruptive? you've got to see it displace or completely evicerate some other technology. smartphones really blasted away the flip phones, et cetera, i know some people still have the old flip phones but where is blackberry? at one point they had 70 million subscribers, and now, obviously, they don't have the blackberry phone anymore, so who is going to be displaced? we had ir i'm levine on recently and the founder and co-founder of waze, and he said people are using chatgpt more than they are turning to google now for search

>> right. yeah, google is the one mega tech company most worried i think. ten years from now it's in conceivable to me that we will look back and think that the right answer to search was to get a list of 20 links. that just doesn't seem like that's the future. i think the future is going to be you type in your search question, and you just get one answer, and it's a great answer. that, i think, is the future of search and the problem for google is that even if they get good at ai and i think they will. they have got tremendous capability with deep mind, it's that where is the opportunity to monetize? with the list of links, you could put a few promoted links in that list and charge a lot of money for that but when there's just a single answer that the ai provides to the search query, it's a lot less clear how they monetize, so i think they have to be quite concerned about the disruption. liz: elon musk is obviously one of the paypal maffia. he was one of the co-founders and you were

the co-founding cfo over at the payments giant. he's reportedly getting together a team of his own. he was on the board. one of the founders of open ai and now he's out of there. he is very interested, i believe , in using ai. he started using the term ai a lot, just the other day during his investor conference. it's almost like this buzzword people feel they have to use but he doesn't feel he has to do anything. he knows what he is doing. what do you think of where he might go in the space next? >> well, elon has been really ahead of the curve on this. if you remember back in 2016 he was warning about the power of ai to really take over the world he was really sounding the alarm bells and thought there was a need to guide the development of ai in an ethical way and he actually co-founded open ai. i think he contributed like $100 million to it. somewhere along the way ai went from being a non-profit to being basically a start-up, and elon was focused on tesla where he was also doing ai. self-driving at tesla is totally powered by computer vision and

ai, so he's been a pioneer in this space and a number of ways, and i think the thing that open ai really did, the real breakthrough is not the large language models per se, because elon was working on that, other people were working on that. it was the fact that they added this chat interface to it so all of a sudden the average person, the common man, if you will, could interact with the large language model and all of a sudden, the world saw the power of ai. it was like this iphone moment where people talked about mobile before the iphone but then when steve jobs launched this perfect screen of class you could just touch everyone instantly understood the power of mobile computing. i think it was the chat bot interface on top of the large language model working people up to the power here. elon has been ahead of the curve and you'll see him do a lot in this space. liz: david, we'll watch you do a lot in this space. you already are. please come back. thank you so much. we've got the dow up 342 points we are coming right back with

charlie gasparino. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or

visit coventrydirect.com. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com

for risk information and instructions for use. consult your doctor before starting on omnipod.

[♪♪] liz: three months after his

return to the house the search for the replacement for bob iger has begun. charlie: this is chatter from rival executives and people inside disney who they say is on an emerging short list to replace bob iger. part of that deal was to do cost cutting and restructuring. he did reiterate his plans to step down in two years. the clock is ticking who we have on this short list. nothing is written in stone. but these are the names. i ran these names by disney. they have no comment. they could have denied it and they are not. some of this is interesting.

adam silver an nba commissioner. maybe they are not going to get rid of espn. he was head of nba entertainment. he does have ties with disney. ierg knows him. apparently he's supposed to be a good manager. the second name on the list is a key contender, kevin mayer, your sealed buddy, former top guy at disney. also ran tiktok for a while. liz: candle media, they are rolling up a whole bunch of content maker. charlie: and internally the name i keep hearing is the head co-chair. dana walden.

show these are the names. liz: she is very highly recorded. even by competition. charlie that's the internal. none of this is written in stone. names that aren't on this list. i was told longer shots. the former head of hbo. david nevins the former head of show time. then there is one other contingency here. maybe iger says i want to stay another three years. it is possible. so that's where we are right now. disney has no comment. they could have denied it, they did not. liz: good stuff, charlie.

markets in the green this week. here we go. we are back up about 378 points at the moment. look at what we appear to have gained for the week. s&p 75 points. 1.9%. the nasdaq got 291 points on the week. jay hatfield is joining us for this key couple of final minutes here on the week. what do you like right now as we get cross currents and different messaging from the fed? >> thanks, liz for having me on your show. we are quite bullish about the year because we think inflation will come back more rapidly than the fed thinks. so we are recommending dividend yield stocks like are held in our two largest etfs. these are large cap companies

with substantial dividends. liz: i believe one of these names is a 10% dividend or something like that. >> the's a preferred stock. the preferreds are less risky than common. this is senior security. it's also floating rate. so it benefits from the feds' interest rate increases. you will get more, 75 more. the company is very solid and buying back some of the preferreds. this is trading below par. you will get the upside if you take it out of par. liz: new star energy. you would think the s&p will be range bound. >> we think our earnings season will be positive that starts in

april. the economy is strong. most companies except a few tech companies are doing very well. so that should be a catalyst. it's normal for the markets to be range bound after the main earnings season. the market action is consistent with our 3,800 to 400 range for the end of march. liz: as we listen to jay talk about what's going to happen. the s&p is followed by the dow jones industrials. you 387 points. a big friday. the dow wrapping up a positive week. and that is going to do is for now. thank you so much for joining us. and now, mr. kudlow. [♪♪] larry: hello