households. now make no mistake. this tweet in my mind is the best evidence so far that i've seen that recession is coming, but will the government find ways to get you to see the bright side of it? they are already trying to butter you up. i want you to go out, have a fantastic weekend. there's a big fight on saturday because next week it really gets all real. let me just read some of the names to you. tuesday, you got microsoft and google reporting. wednesday, you've got meta reporting, by the way other big names too, pepsi, mcdonald's are out there reporting as well. thursday, you've got amazon. we've got mastercard, we've got visa, in other words, buckle up. we've been really calm, its been really intriguing, but i think the fireworks are going to start so liz claman, i know you've got us covered into the weekend, but next week, get your shut eye, it's going to be tough. liz: i know over the weekend take the ambien, or whatever it is. charles, thank you very much. we've got all of the energy right now. 59 minutes left to trade for the

week, and stocks are mixed at the moment, barely. i hate the word subdued, unless you're talking about a today toddler and then it's good but that's how you describe the session, the whole week. if we were to close the market right now we would mark losses not huge ones but losses nonetheless for the three majors dow jones industrials will probably close down around a quarter of a percent although you never know. i don't want to jinx anything, s&p 500 flat-to-slightly lower same with the nasdaq. the muted moves this week, coinciding with a steadily climbing probability the federal reserve will tighten rates for a tenth time come the may meeting and by the way that hitting a crescendo right now. fed funds futures show that the market believes there is now a near-90% probability the central bank will hike rates by 25 basis points as it continues on its quest to sleigh inflation by pushing borrowing rates higher, which in turn, the thinking is, dampens demand and then prices come down.

no real dampening of demand or prices over at proctor and gamble. the consumer products giant topping the blue chips right now look at the dow leaderboard here proctor and gamble up 3.6% to $ 156.29 after reporting its 12th revenue beat in a row. the company also said its u.s. customers continue to scoop up its pam pers diapers and oral b toothpaste despite a 10% price hike during the quarter, which nobody really pushed back on apparently. now, speaking of raising prices. just 48 hours after announcing the sixth price cut this quarter , tesla late last night raised the price this time on its two older models, adding about 2,500 bucks to all four versions of the models s and x. about a 2.4-2.9% increase overall there. no doubt this may have gotten ceo elon musk's attention. look at the two-day chart here. yesterday, a big drop after musk said on his earnings call he was

fine with sacrificing margins in order to pump up sales volume. investors were not happy with this. they sent the stock down nearly 10% right now we do have it up one and one-third percent. still it's about 51% off its 52- week high, but why bother looking in the rear view mirror when there is so much ahead on the earnings rode? charles just mentioned some of these, monday coca cola reports as does first republic bank. that is going to be very important. tuesday, google, mcdonald's, visa. wednesday, meta and boeing. big day thursday. intel, merck, amazon and caterpillar do their major reveals and friday, big oil names, exxon-mobile and chevron, among the other names there including colgate, so let's get you prepared to take the wheel, bringing in the floor show bullseye option.com chief market strategist alan nochman. let's start with the macro picture, but looking forward,

you know, the s&p is trading at a discount. still 5% off its one year highs. how are you viewing the buying of the s&p and its entirety as a way to sort of get in, as we do see somewhat of a stabilization for the moment after the march bank crisis? >> right, and that's what i want to say. you said subdued. i say steady and stable, so i'm not trying to be a smart guy. i'm just not trying to fight the momentum, and we've seen the markets have nearly a 10% rally, up at the top of the six- month range between 3,800 and 4,200 in the s&p. if we could break out of this then that target is 4,600 which is another 10% higher, and you talked about rates, that's a done deal, but what you also have to pay attention to is that if you look out to the december numbers, there's a 90% chance that rates will be cut by then, so that's very much a positive, if your future forward-looking. liz: okay but let me pushback once again. if you are deciding that yes,

there may be a stabilization then we might rip higher, as one of our guests said yesterday, right here on the show, once we do start to see a cut or maybe even a pause. you wouldn't buy just like an spy or an ivv, you know, the etf's that encompass all of the s&p 500 names and that way you're kind of shooting a shot gun versus a single bullet here. >> well you could, and etf's are a valuable tool, and that way you don't have individual stock risk. now, i think you can find individual stocks and that's what i attempt to do every single day. individual stocks that have better risk reward than the market itself. they offer a better pay off with limited risk, so there are a lot of energy stocks and a lot of banking stocks which have low pe 's that i think will participate in the overall market. it just depends on your flavor but the point is that there's a lot of, i think, optimism as viewed by the vix. the vix is at 16. that's half of what it was a month ago, so the markets are

telling us that there's more positive here the s&p in the near term. liz: we do remember what was happening just about a month ago and the bank panic, so keith fitz-gerald, we had first republic on monday. what kind of window will open and what will we see there that's going to be very important earnings report as we continue to watch that stock really kind of flutter around. this was a stock that was $171 at its annual high. it's down 88% year-to-date. it's now at 14 bucks and change. what do you think? keith? okay, we don't have keith as audio. can we see if we can get that? one-one thousand, two-one thousand, okay, alan, instead let me go to you. well you take that question, alan. >> sure. well bank billions. okay? it's a simple business model if you do it properly. it is the most simple way to make money.

you give depositors your own customers for banks very low interest and then you put it in repos overnight and get 4% interest so if you can't make money being a bank obviously there are people that screwed that up. it's like printing money. look at the billions. jpmorgan made 12 billion. 8 billion bank of america and so forth, so it's a pretty simple model unless you go outside and try and be cute about it, so i think the banks are still going to do very well and the pe ratio for the banking sector itself, xlf is about 12 so there's more upside there. liz: alan, if you're talking about a 4% coupon or whatever, you know, you're looking at the repo, look at the two year yield , 4.18%. i was just checking the three-month t-bill, 5%, four -month t-bill, 5.2% why not say i'm going to forget it i'll park my money at least for a couple months. >> right and that's the best thing but fortunately people don't do that. they are just leaving money in

their accounts and instead of them making the free money the bank is making the free money so it takes them to move your money to get those returns but it's risk free return, well you kind of sort this out. now, i think there's bigger returns out there than the 4%, but you still have to be happy with that because for the forever, as long as i can remember, you never been able to make money with your money just sitting there, so we're in a unique environment where the average customer could just move their money and make 4 % like this. liz: and by the way everybody, it does not take that much energy to do it. treasurydirect.gov. okay? teddy weisberg taught us how to do this. okay, keith, we're going old school. we're getting on the horn. [laughter] okay, keith fitz-gerald, yeah, it's really high-tech here. we're going on the phone here with keith. keith? let me just quickly get your thought on first republic. i hate to really continue to pound this one but i think it may set quite a tone at least

for perhaps monday and tuesday when it reports numbers. what are you expecting here? >> well, yeah, i'm not going to touch this with a 10-foot pole. i think it is going to set the tone but many people are already looking beyond that, to my guests counter point there are better stocks out there. that's the question you really want to think about so psychology is fine, liquidity is entirely different matter right now. liz: okay and also, keith, i know because every time i talk to you, we're talking about tesla. you okay with him sixth price drop, 48 hours ago, and now he's tightening prices when he saw that his stock price had plummeted yesterday on news that he would rather have thinner margins and by the way, let's just be honest here. tesla's margins are way bigger than some of the legacy automakers margins so he ain't doing that bad, but he wants to go more for the demand and the production here. what do you think? are you still as positive as you have been about tesla? >> well, sure. on a longer term basis absolutely and as a trader i'm

licking my chops, it's hard not to because you have a ceo who put everybody else on notice from a position of strength not weakness so to me if i'm looking at this and traders if this is the price on that stock that's a great indication. remember how fast it doubled. we've been here before. we've seen this with batteries and with chargers, and every time the street says hey this guy doesn't know what he's doing guess who proves him wrong so i'm not going to bet against the man but i'll sure watch it carefully. liz: it's great to have you both alan nuchman, keith fitz-gerald. the economy can't be all that bad if u.s. business activity just hit an 11-month high, and united airlines is saying that business travel has now recovered, the drop it had experienced during the silicon valley bank collapse and the regional bank scare that followed last month but hotel room prices for all those business travelers are still sky high. up next, we talked to the new york city real estate pro whose now seeing a spike in interest

for short-term corporate housing rentals, furnished, wi-fi, the whole shooting match for like half the price of a hotel room plus we'll get a read on the upcoming summer season for one of the most popular summer playgrounds of the rich and famous. closing bell 49 minutes away. the "clayman countdown" on this friday is coming right back dow is down about 13 points, the s&p down 1, the nasdaq down 1, just a minute ago we were all in the green so it could happen again. gotta stay with us.

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liz: united airlines ceo scott kirby on the companies earnings call this week said that the silicon valley bank collapse did cause a short lived drop in business travel, but now, already, bookings have resumed. hotels are also bullish on corporate travels return, three years after the covid-19 lock downs. according to market research group str, more than 23,000 upper, upscale rooms, for hotels , for the business traveler which are mostly booked by corporate travelers are in construction around the world right now that's 3.4% of the world's current supply but in this new normal, will hotels

be corporate travelers lodging of choice or is business trips pick-up will temporary housing, corporate housing look more a feeling? let's bring in empire state properties president and ceo susan miller in a fox business exclusive, the brokerage manages 500 properties across new york including corporate housing in the heart of midtown, which you invented back in which year? >> 1986, liz, thanks for having me. liz: great to have you. what made you, you know, say i'm going to start building up corporate short-term rental. >> well new york has always been tourist or corporations, and i really didn't want to work weekends so i figured that's a good way to start my career. liz: so you didn't have to show corporate housing options around on a weekend. >> exactly so 1986 we founded empire state properties and it now its becoming so much more popular. people don't want to stay in hotel rooms, particularly corporations. they are saving so much money by putting people in apartments they have kitchens, they have

larger space. people are working from home, and the employees prefer it. liz: wi-fi. all kinds of things are included >> yes liz: in the price. in fact, we actually decided let's do a comparison. now with most corporate housing it's a minimum of 30 day stay. that said, some people do spend a whole month in a hotel while they are there but look at the difference. your empire state corporate properties begin at $219 a night , compared to a lower end new york times square hotel room at $414 a night. what is a $219 a night room have >> it has a bedroom, it has a full kitchen, it has all utilit ies, pots, pans, new linen s, pull-out sofa, desk, work space for the employee and they love it and more importantly what we're finding is that the corporations are the international travelers are robust. they are coming to new york, they are coming to chicago, they are coming to san francisco, and

they need apartments. they would rather, they are saving a lot of money. the law firms, the accounting firms and they want to be in corporate housing. this is the best year we've had in corporate housing regarding inventory supply. we're short on supply. liz: okay that is exactly what i was going to ask you. the demand has suddenly really sky rocketed. to what do you attribute that beyond oh, the lockdowns are over because that was two years ago. >> think about it if you're in a hotel room, you have one bed, you can't have your family come and you have to go out and eat all your meals so this is really makes common sense to be in an apartment and we do 30 day minimum because you have to, the typical stay is 90 days. liz: typical, okay. so i want to dovetail now, because you also do, you do -- >> we do sales. residential and management. liz: we can't put our finger on the moving target that is the 30 -year fixed mortgage. it had been going down, certainly from the october and november peaks to i don't know,

most recently it came down to about 6.27% last week. this week, the week ended at 6.39%. if it's going down everyone gets excited and then suddenly it pop s up again. how is that affecting residential sales? >> well, i think that people, it's not that's not what is affecting residential sales. what is is that people are insecure so they would rather rent. the rentals are really robust right now because people just don't know. it's uncertainty so there's not a lot of supply. it's hard to get loans. there's not a lot -- liz: is it harder to get loans after the bank crisis? >> you aren't seeing building so really not a lot of construction, so there's not, we need product. people are, they aren't buying as much as they were. things are staying on the market a lot longer but the prices have not been affected. liz: okay, except in some regions, now, for a while there the hamptons which is that playground for the rich and famous out on the east end of long island, had been so

outrageously high and refused to budge, weren't coming down. are you starting to see those prices in the hamptons come down? >> what we're seeing in the hamptons is that people are traveling. travel is very very busy right now, so before like last year, a typical home which would rent for let's say 600,000 for the july, for june, july, and august, now they will rent it for one month rather than three. people want the flexibility to travel, so we're seeing a difference in the type that people are renting and we're also seeing market is, the higher the market is soften ing, up to $1 million there's bidding wars in the hamptons. liz: still? >> still. liz: but the high end prices are starting to shrink down. yes, they are. there's more haven't on the market, but when you say high markets still up to 3 million is very robust. liz: okay, well because again, inventory. >> yes. liz: there isn't enough. suzanne really interesting to talk about corporate short-term housing. amazing stuff. okay thank you very much. >> okay.

thank you. liz: best month for that stuff in a long time. all right, investors in lithium mining stocks, getting quite a shock after the second largest lithium producing country in the world said it plans to step in and take more control over the most critical metal in today 's electric vehicle technology. closing bell 39 minutes away. the dow, down 10 points, s&p let's call it flat-to-slightly lower and the nasdaq barely higher. we are coming right back. it's kind of a horse race here.

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liz: what did i say at the top of the hour? subdued? that is pretty much what we still have at the moment. fox business markets right now, we have the dow jones industrial s down 6 points the s&p flat as a pancake. what is going on? somebody buy something. the nasdaq is also flat. lithium fining companies is a very very dramatic move here. any of these companies with ties to chile are sliding as the government there unveils plans to nationalize the sector. just look at the reaction. the negative reaction in shares of the country's largest miners sqm, that one is down 20% to a one-year low. barely off the one-year low of $ 60.53 at 62.23 hit earlier in the session and also dropping to a one-year low, here we go right

now, it's at $172 down 10.5%. here is the rub. chile is the world's second largest lithium producer under its new plan the government will eventually hold a controlling interest in all new lithium projects through a public company that would with private mining firms but anytime a government says oh, we're getting involved not a good thing for the free markets. the metal is used in batteries for everything, from smartphones to of course electric vehicles. from lithium to copper, mining from free fort m down 4.25% after first quarter results disappointed investors the miners net income came in at $663 million compared with a 1.53 billion a year ago. the drop due to a fall in production and lower prices amid signs of an economic slowdown. freeport also struggled to hire and retain workers and is warning the tight labor market conditions will persist through the rest of the year. protests in peru, flooding in

indonesia, anything else? what a list here. also, hitting companies production in february, so what is going on here? there are huge copper producer, freeport mcmorohan will join us monday on the "clayman countdown", we will ask of course him where he sees a copper lining despite the earnings disappointment and hco healthcare soaring to a record high of $294 a share after beating first quarter estimates. right now, 279.77 at the moment. the hospital operator also raised its full year outlook expecting a recovery in surgical procedures as it beefs up staffing, back to pre-pandemic levels. and we've got other hospital operators jumping on the news sort of the rising tide lifts all boats at the moment. tennant healthcare is up about 3.5% community up 14.7, universal health up 3%. piper sandler sounding the alarm on big lots stock lowering the rating to an outright sell, and that is slamming big, down

14.9% the downgrade comes amid a slowdown in furniture and mattress sales, analysts also, big lots dividend could be at risk due to current free cash flow concerns. piper sapped letter lowering its price target to $7 from $12. stock is at $8.28, so if piper is right more to go to the downside. now while big lots is facing a drop in demand for home funnish ings, ikea is a semitism belling a major expansion. the swedish home goods company plans to drop billions of dollars, right here, in the usa, to open new stores. jeff flock live outside a pennsylvania ikea to explain why it's not the only one building out though. super popular 80s retail brand e strit is re-branding itself for a u.s. comeback. the ceo is next on how the heritage brand plans to strike a pose on the retail scene. closing bell, 29 minutes away.

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liz: fox business alert. swedish retailer ikea making its largest investment ever in the united states. now this is the retailer with the distinctive blue exterior stores with the yellow writing, and of course the assemble it yourself modern furniture which i'm quite sure caused many a divorce. no, honey, you assemble it. no, you assemble it. okay. will this company, it is going to spend $2.2 billion to open 17 new locations here in the u.s.. this is home goods chain bed, bath and beyond is reportedly ramping up preparations to file for bankruptcy. shares down another 3% to just $ 0.29 but let's go live to jeff flock at an ikea in pennsylvania with more on the tail of two retail stories in opposite directions here, jeff.

reporter: i wish i could blame my divorces on ikea but sadly i can not. the great thing about this place , number one they have everything you could possibly want for your house but the cool thing about it is whether it's furniture or whatever, they let you walk right into the warehouse and you can go and get it yourself. in fact they like you to. these are all kitchen cabinets and flat packs as you mentioned, liz and this seems to be working take a look at the plans. you mentioned $2 billion in new investment. they are going to open eight new stores and these stores are massive. nine now what they call plan-and -order locations where you plan your renovation and then order what you need. 2,000 jobs. the quote from ikea is the u.s. is one of the most important markets and we see tremendous opportunities, endless opportunities to grow there. yeah, it's working for them, not working for bed, bath and beyond , yeah, the folks at the "wall street journal" say it's going to be bed, bath and

bankrupt before the weekend is through, perhaps, haven't been able to raise the capital they have needed, and so you know? it's tough times and they aren't alone. you look at the bankruptcies that have already been announced so far this year. it's everything from party city to, you know, there's a pet store chain that's gone out of business, tuesday morning another housewares folks, a beauty company, all bankrupt so far. this is not good, of course for the commercial real estate market. already, the vacancy rates are high across the country. we thought maybe they would come back after the pandemic. well, not really. they are still high, everywhere across the country. nothing has come back. but as i said, liz, these guys seem to have the market here. i've never, you know, i've never had a divorce as a result of buying ikea and not being able to assemble something, but there's always time. liz: [laughter]

there are statistics, trust me. [laughter] jeff -- reporter: i don't doubt it. i'm one of them. liz: [laughter] all right thank you very much. jeff flock at the ikea and as ikea plans to scale up its u.s. presence, a clothing brand which closed all u.s. stores decades ago is attempting a fashion makeover. remember espirit, the fresh and affordable fashion chain, was the must-have label in the 80s, but by 2010, its fashion world giants from h & m took the lead as espirit shuttered all 90 u.s. stores but now it's back kicking off a total rebrand to see if it can recapture 20th century success and signing a lease on a 40,000 square foot space in new york city which will serve as creative headquarters but the proof will be in the pudding when it officially launches its campaign on april 27. here is the question. will it be able to compete in a field now crowded, not just with

the h & m of the world but j crew, the names go on. joining me now in a fox business exclusive is espirit holdings ceo william pack. oh, do i remember espirit. i really really really loved that brand in the 80s with that iconic logo across the front, but reviving a dormant brand, now still huge in europe and asia, but it's totally dormant here in the u.s. , will be a huge challenge. how are you going to tackle that >> well, thank you for having me. it's a very exciting time because this is the exact time when we are re-launching this brand which was america's brand and it left. it actually went to germany 20 something years ago so this is why consumer has not seen it again, but the best way to make it a comeback is to turn it around, rebrand it, but also move it back to new york city for the first time ever in terms of creative, the staffing, designs all going to be here. liz: you will opening a store as well? >> yes next, opening a store on

green street in soho. liz: well, so, i would imagine you're also going to go throughout the rest of the country. what other cities will you be aiming for , how many this year and then will you ramp up next year? >> this year we're hoping to open five in new york, miami, los angeles, vancouver, toronto, and so by doing this we are trying to go across the continent, but next year is really going to have a big ramp- up. liz: obviously there have been heritage brands that either died or had near-death experiences. i'm thinking converse, totally came back. old spice, people often talk about old spice shinola, which totally reinvented itself but it's a lot harder than it looks. you've gotta come with something different from what everybody else is doing out there, correct so what is that going to be for espirit? >> well, we have to go back 55 years in the archive to really find what resonates with the consumer, and from the very beginning it was good design, good quality and good fit. this is very simple concept, but

very difficult to implement and execute, so we've achieved that. it's coming out this year, and it's coming out as a metropolitan outdoor brand with a lifestyle attitude. what made it tick in the 80s is coming back. liz: who is your classic customer you're aiming for? >> the classic customer is someone going to a sunday brunch , put on nice elevated casual clothing going to a christmas day lunch this is the kind of metropolitan outdoor type brand we're coming out with liz: when i think about esprit, and i remember the huge store on santa monica boulevard in west hollywood and going back far and of course in san francisco where it was originally founded, it had a feel like is it french that's kind of cool? the shirt i bought had the french flag on it and it said esprit, but do you want it to have the foreign feel to it so people think it's a little bit different from the all-american abercrombie &

fitch, american eagle outfitters , diesel, all of those companies that all do the denim thing over and over again. here are the vintage pieces that are still promoted on pinterest pin boards, you know? >> well you know, esprit is an american brand so it has to be back in new york city so it's really a international company. 24 hours around the clock and on top of that it was one of the first organic sustainable brands so this is something really different that we have in the dna from decades ago. liz: back in the day there were brands that tried many times to come back whether it was camp beverly hills. there are some failures out there. what are you going to do to ensure that it won't be you, that stumbles again? >> the one big difference is retail for decades have been playing the same playbook. that playbook changed since the financial crisis 15 years ago. consumer spending patterns whether it's e-commerce, online, it cannot be separate. it has to be integrated together

so what we're doing different is full alignment with the capital base with the management, with the team all the way down to the store staff. this is something that no other brand has done. liz: william it's really good to watch this brand get revived. i'm cheering you on because i remember it but we shall see. thank you very much. >> thank you very much. liz: closing bell, we are 17 minutes away on this friday. it is friday, gang. yes! you conquered the week. the dow, not conquered just yet down about three points, we are coming right back, don't go away . ♪ i'm so glad we did this.

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to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. liz: let's take a look at the markets. we are in a neck ann next race.

the dow has a 2-point gain. we have the s&p down 1 point. the nasdaq down 3. but the nasdaq is above 12,000 at the moment. waiting on morgan sta and stanl. we always look forward here. people have been itching to get back into tech. next week will be a big tech picture. certainly so many nasdaq names. evenings reports from amazon, google and meta. the countdown closer bullish and tech. joining me is jay hatfield. let's take the 30,000 foot

picture. tech overall. how do you feel about it right now at this moment? or are you waiting for the second half. >> we are at this point we are cautious. because it's dramatically out performed as you pointed out. but the one insight that we have that i developed when i was an invest up banker is when you have the telling breakthroughs like ai, the public companies get massively overvalues which seems really dumb. but it's why the u.s. always beats every other country in the world. that draws capital into venture capital. we see some of the other people you had on, some weakness

potentially in may-june. and this earnings season, expectations are very high. i think it my be mixed. the market will probably be relatively flat. liz: i'm not hearing you say i'm going in on the hardware makers. i think you accept the fact that people are holding back and upgrading and updating things like laptops. you are picking microsoft, nvidia and palenter. is there one silver thread that runs through all of them? >> we would be focused on some of the yields. but with those picks, if you are going to ply ai, clearly there

is a lot of momentum. do the safest companies, the large caps that have earnings. don't do the ones that are money losing companies that might have ai in their name or a ticker that's ai. liz: you are saying that's just a trap? >> right. >> when i was and i investment banker we didn't get companies that weren't profitable go public. even if ai doesn't develop as fast as we hoped. microsoft is a great company with a great credit rating. you are taking a risk in tech, you don't need to go after the money losing stocks. they shouldn't even be public. liz: the:belief is tech stocks get hurt in rising rate environments. we are two weeks away from that

meeting. it's widely expected they will tighten for the tenth time in a row. 25 basis points. once the pause comes will that be an opportunity where the flood gates open for big tech? >> we think tech is dependent not so much on interest rates. they have the same duration as other stocks. but they are super high beta. if the market starts running they will run the fastest. we are optimistic about the fed pausing. it's great that austan goolsbee was added to the fed. he's the only adult in the world that doesn't focus on this curve that's discredited. we think they will pause and maybe have a descent which will be positive. the only caution is remember,

you want to be long on the market when earnings are coming out because the companies dominate. maybe about a treasury debt default. so other news that tends to be negative. we would say july-august if you wanted to speculate, that would be a good time. and on the old economy stock we hold as well like reits and preferred stock. >> jay hatfield, thank you so much. shares of private equity giants are down across the board. declining returns in a higher interest rate environment. charlie gasparino, i think you have got some names here. charlie: he just mentioned commercial real estate.

the black stone real estate investment trust, with limited redemption. it's very controversial. blackstone says they are not fudging the number. some think they are. either way, there are people who can take their a money out. here is what i'm getting from large investors. i'm talking to state pension fund types. speaking with people at endowments, across the board, they are bal --they are balkingg money in venture capital. they are having a hard time adirecting new money from these sources. they are that saying it's totally analogous to some of the regional banks, some of which have blown out. but in that genre when the fed

was printing money and keeping interest rates low. you put a lot of money to work in stuff that's not making money right now. you put money in commercial real estate which is a problem right now, and now you are paying the price in a higher interest rate environment. all these private equity funds, apollo is the only one that is up. blackstone is down by 20%. carlisle, all of them. one other thing, it's interesting. your prior guest talked about a rate pause and declining rates now that austan goolsbee is on the fed. remember what the last major guest said, larry fink? nobody knows the bond market better than larry. if it's 3 more, that's why the

private equity funds are in deep -- what was the word george h.w. bush used? liz: caca. charlie and i lost our blue checks. we woke up today and there it is. no blue check for charlie. >> i see a bunch of blue check trolls with three followers. liz: when they are not verifying that's the real person. charlie: i like a lot about elon musk. he's an innovator and a smart guy. but he does some dumb-ass stuff sometimes. liz: he needs to monetize, but is this the way to do it? >> he paid $40 billion more than that piece of you know what is

worth. it doesn't make a lot of money. liz: he lost a lot of isers. >> -- lost loss of advertisers. charlie you know -- >> $8 a month. that would get me a christmas present. charlie, that's a coffee now with inflation. liz: there are all these bots and trolls who signed up in your name. charlie: did you see the charlie prostate. there is an account called charlie's prostate. i did have prostate cancer and a year later i'm better. but somebody who doesn't like my

reporting put that out there. liz: the pope has a gray checkmark which means you are some government ... >> are you going to follow charlie's prostate? >> liz: 35% of the s&p 500. not only are we getting coca-cola numbers monday. first republic bank and i'm sure over the weekend you will be work on sources and getting information on first republic. the dow snaps a four-week winning streak. the second down week for the s&p and the nasdaq. that will do it for us. larry: welcome to "kudlow,