you never give up. i know we vote people into power who would rather trade the market but still my plea to you is never stop. great tweets from cat striker saying how can they regulate shorts on these over-leveraged bankers who sell something they don't own? make them settle the trades. make stricter policies and enforce them, i agree a thousand percent. no one ever goes to jail. ryan wants to know is this the new definition of fair and free and fair markets? yeah, ryan. kristin is demanding, settle all trades, right? don't protect the bankers. she wants to see gary gensler step up. so do i. right now, give it over to my colleague, liz claman. liz: thank you so much, charles. we have breaking news as we kickoff the final hour of trade. we're looking at stocks that are actually a mixed picture, mostly green at the moment. dow jones industrials down 125 points at its worst of the

session which was just about an hour ago, it had lost 322, s&p up 10, the nasdaq up 107 russel 2,000 up four points. tech is the sector leader while energy, financials, and industrials are lagging. now i do want to say normally we be talking about the latest read on inflation because we got april cpi numbers and we will. in a second, but we are calling a bit of an audible right now because just as soon as the focus shifted from the recent banking crisis to inflation, in the last two hours, it has shifted right back we are watching a complete reversal in the regional banks. the kre regional bank etf is down about 1.6%, it's more than 140 regional names losing 4% this week and it's only wednesday, but here is some more worrisome picture at this hour. did we not warn you guys that the spike with the federal reserve says regional banks could still be in trouble? take a look at the intraday of these regionals. western alliance shares up 5.7%

earlier, doing a pretty much total 180 and then trying to pop-up right now by about $0.05 but had started to fall. same pattern with pacwest in fact even worst. pacwest fumbled a 7% gain and now is down 4.5%. co-america is losing it too started to the upside. truist is suffering. investors were just looking at the latest inflation read they be buying more stocks because on balance those numbers came in as expected or slightly cooler, which is a good thing right? april headline cpi consumer inflation rose 4% month-over-month. sorry, four-tenths of a percent month-over-month and core cpi did the same four-tenths of a percent. year-over-year prices rose 4.9% and core climbed 5.5% but let me just tell you what's notable. food and beverage prices spiked 7.5% compared to a year ago. the opposite is happening in

lodging away from home though. while still up 3.5% year-over-year, hotels and home rental prices have suddenly fallen 3.4% month-over-month. that sudden drop dragging airbnb shares to the bottom of the nasdaq 100. heading into the final hour its been a very tough day for airbnb shares of the peer-to-peer home sharing site down 10.5% but at this hour, needham and evercore are saying you know what? right here at $113 and change, this is a buying opportunity. coming up, airbnb ceo brian ches ky describes the weakness he's seeing with travel and why he's going whole hog into single room rentals for the suddenly frugal traveler in fact, he's got an invitation for you guys to stay at his place in san francisco, and he'll make that invitation coming up around 3:30 p.m. eastern time. you've gotta stay tuned for brian chesky and despite yesterday afternoons meeting between the president and

congressional leaders, there is no dislodging of the political log jam blocking a decision to raise the debt ceiling, so with all that on your plate let's get right to the floor show joining me now are traders teddy weisberg and phil flynn. teddy, jay powell is sitting somewhere saying trust the process, right? inflation now at a two year low, but am i wrong to still be worried about the regional bank situation paired with the debt ceiling stalemate right now? >> well, liz, no, you're not wrong. the reality is it's -- >> turn it up a little bit more it's cutting in and out. liz: teddy can you hear me? >> yeah, i'm sorry. liz: that's okay. >> it's hard to know what to be worried about. you know, whether it's the debt ceiling, the kabooki theatre or jay powell and interest rates or what's going on key politically or what's going on just in the u.s. politically. there are so many unknowns out

there and it's extremely difficult for the markets. these are and we talked about this a couple of weeks ago. in my opinion these are the worst kind of markets investors have to deal with. frustrating, no direction, and the s&p basically is unchanged in 12 months. yes, there's a few superstars, you know, that tend to make the picture look a lot better than it is but the reality is, it's a very very difficult environment and in terms of the regional banks who knows. charles payne on his show was sort of eluding to the short sale rule and one of the downsides unintended consequences of taking away the short sale rule 10 or 12 years ago was that you can lay all over stocks and then the government, you know, they kind of scratch their head and they don't get it. it just makes no sense half the things going on. the bottom line, it's a difficult period, liz, i think, and the good news is investors

basically have a risk less trade where they don't have to do anything and that's treasuries and money-market funds, high grade corporate debt. there's plenty of places to go to earn a decent return on your money without getting involved and that of course is one of the issues for the markets here, a rising tide clearly is not with us and you need a rising tide to float a lot of ships and we simply don't have that rising tide. liz: yeah, we're kind of i guess what would it be? like gilligan's island. right now the two year yield is at 3.91%. is phil good? can i get to phil? all right, phil. energy. when we saw that the cpi number for energy was interesting year-over-year down about 5.1%, that is certainly encouraging. >> hi, i don't agree. we're cutting in and out a little bit but i'll tell you this. the one thing i'm looking at today's markets and the one thing is we've got to get this banking crisis behind us, right?

every time we get somewhat good news like inflation, all 5%, woo hoo! the problem you got here is that if these banking issues keep creeping up, it is definitely playing havoc i think with, this whole business is investing [technical difficulties] it just creates an uncertainty in the marketplace and you've seen a lot of the stocks, we're doing our part, dairy cow prices have been coming down, so that has helped. liz: phil? we're going to try and fix your audio, because it's kind of going in and out. >> sorry. liz: that's okay but your picks six flags, gold trust, okay, so teddy, you're back up this is amazing. this is great. [laughter] you were the guy who said

treasuries and i'm talking months and months ago. did you hear what warren buffett said about the one month treasury? i mean, you look at that yield. that just indicates how nervous people are about the debt ceiling standoff that we see right now, but would you go into that today? >> well, listen, the treasuries whether it's treasuries, money-market funds, or even high grade corporates, the fact is investors have an alternative you know, we didn't have that alternative for many years from 2009 quite frankly to 2015, and then again during the pandemic, and the zero interest rate environment, it's great to the overall stock market but it's terrible for folks that don't want to assume risk or for savers and now, the worm has turned. now you can get 5% or 4.5%, 3% whatever the number is, you can get paid while you wait. you're not forced to take on risk. i don't know how long this environment will last but while it lasts, at least there are a lot of folks out there that now can benefit from higher

short-term rates and quite frankly, that's a good thing. in terms of the overall stock market, your guess is as good as mine, liz. the unknowns are the worst thing that can happen to a market and this market is just full of unknowns and once again i want to go back to charles payne and the short sale rule. it amazes me that the regulators are scratching their heads in the case of the regional banks and don't understand why these stocks are going down like this. it doesn't occur to them that these are the unintended consequences of taking away. liz: cheap, cheap money for way too long. way too long. >> right. liz: the patient wasn't lurching around in the hospital gown in the hallways over the past couple of years. i mean, yes, during the pandemic it was problematic but we were in a much better position to the point where we shouldn't have been at 0% interest rates and now, we see what that is doing to the overall picture here. teddy, thank you very much.

teddy and phil flynn we'll get you back on once we get the little amp steyn back on the treadmill with the audio. if you think inflation has made investing in restaurants a dangerous game try going back to the 2008 crash. restaurant chains saw sales drop-off a cliff as consumers many facing foreclosures and job losses just stopped dining out so how did mcdonald's stock triple back then? up next, the man who ran mcdonald's back in 2008 joins us live on today's cpi report and the impact on restaurant stocks of a slowing economy. closing bell about 50 minutes away. the dow is at least pairing some of the losses down 99 points. you're watching the "clayman countdown" and we couldn't be more thrilled that you're here with us. stay tuned, much more ahead.

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liz: all right, i'm just keeping my eye on the markets here we've got the dow jones industrials down about 97 points. we have restaurant stocks on your screen and we're starting with the fast food chains here. we've got mcdone led as, wendy's , domino's, yum brands all moving in different directions but the more important point is they have

done most of them pretty well over the past couple of months, despite the fact that we are seeing rising prices, and when you talk about rising prices we've got the april inflation data, and maybe we are starting to see some of these stocks wobble because deeper into the april cpi number, prices of food at home came down two-tenths of a percent but food away from home increased four- tenths of a percent. again that's month-over-month, so what does that for bode for restaurant stocks if the economy slows and yet the cost of a meal rises. let's bring in former mcdonald's ceo jim skinner, took the helm of the dow component in late 2004 and ran it company and kept it alive and kicking during the 2008 financial crisis. jim, these numbers, food away from home rose 8.6%. this from this time last year, is the dollar menu dead?

>> well, the dollar menu is dead, of course because a specific dollar menu is more relevant back in the time that i was running mcdonald's. we started on a value campaign. everyday affordability and getting rid of the discounting process in the industry really, if you will. we were the leaders in that regard so the affordability was consistent with the consumer. they knew what they were going to get but value is not dead. we still have to provide better value for our customers on a daily basis. liz: and when you reach back to what had happened in 2008, i want you to talk to me about, and the viewers, certainly about how tough times became and how you manage during a very ridiculously awful time for the entire stock market. you managed to triple the stock value. >> yes, thank you, liz. we had the best results in the history of the company from 2004-2012 but whose counting?

i think the reality was at that time, we shifted to a focus on our customer and the value and the restaurants from opening a number of new stores we were focusing on same-store sales growth and a value menu, which yes, the dollar menu is a big part of that in the beginning but then expanded to value menu plus and it resonated well with our consumers. we increased our transaction counts or guest counts from 40 million to over 70 million a day, around the world, in 2012, during that timeframe and of course the great recession was right in the middle of that, and so you have to have value pricing, you have to continue to do that, your proposition for value has to be maintained, really better than the other guy if you look at the restaurant size and it has to be consistent now, we had to take some price

during this current inflationary period but that's necessary to cover costs, and everybody has to do it now. operating in an inflationary environment is very difficult and by the way i might say that we are on the cusp of another recession, if you look at the numbers, the cpi was 5% in 2008. it went to negative in 2010 as we came out o that recession, but there was fed tightening, there was all kinds of issues, bank regulations, obviously at that particular time and we're seeing some of the same things now. liz: well, jim, what are ceo's to do in an atmosphere like this , especially ones where you have a consumer that is thinking twice about a lot of things. we have airbnb ceo coming up. he's suddenly seeing in this quarter compared to last quarter a slow down in traveling that must mean something. we've already started to see credit card and debit card

purchases going down. somethings happening on the ground here and i just worry that we start to see the damn break and it gets a lot worse. >> yeah, well i personally believe, unless the fed and the white house and of course the congress can get this inflation under control and certainly get the debt limit raised, we have to pay our bills , that we be in for a recession. i don't know how they are going to have a soft landing but it's possible, yet mcdonald's is a very resilient brand and operate s well in any environment proven so the supply chain leverage and the franchisees and corporate people in our overall focus on the consumer and value serves us well around the world and when you take a look at the fact that our scale in an environment like this is such

a benefit, we serve over 40,000 restaurants through our supply chain goods and services everyday and so its always been an advantage for us, and but yet the ceo's have to keep an eye on the equation of value and then of course the overall profit equation, you have to always be increasing the numerator and decreasing the denominator and cutting costs. liz: but as we finish up, jim, would you say that restaurant chains and stocks that are attached to them maybe in for a bit of a rough ride here? >> well i don't know. as you've said earlier, mcdonald's has been performing very long along with some of the restaurant stocks up 12% for this year, and i don't know whether that would head in another direction. i believe that our overall performance at mcdonald's, i'm not speaking for the company but i think that it's very very present in terms of the results

of the company today, the quarter results in the prospect for the rest of the year, still looks good. liz: well i'll tell you what looks really good. the hot apple pies, yeah, that's my favorite. i could eat four of them in one sitting. great to see you, thank you. >> good to see you again, liz, thank you. liz: always a pleasure. okay so we've talked food. next we talk drink. the stocks of two caffeinated beverage makers moving in opposite directions. one is going absolutely parabolic. the other, well, stay tuned. you're going to find out next. closing bell 38 minutes away. the dow still down but just by 43 points now look at the s&p gaining 20 and the nasdaq increasing its lead here up 139 points. we are coming right back with charlie gasparino, brian chesky of airbnb. so much more, stay tuned.

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that's the priority that we put on giving to st. jude. announcer: please call or go online right now. become a partner in hope today. liz: hey, if you stay with us long enough we might see the dow turn positive again, here we go. we have it down just about 11 points. now earlier, the dow had been up 210 points, but also earlier it had been down 322, so a very jittery day. speaking of jitters and jumping, upstart getting a jump start at this hour. it is soaring 34% right now, after the ai-powered lending company posted a narrower than expected loss for the first quarter and secured an

additional $2 billion in funding, upstart is down 75% over the last year, amid diminished demand for loans in a high interest rate environment. energy drink maker, look at this jump here. it is bubbling higher, wildly higher by 22% at this hour hitting an all-time high following its quarterly report. it posted quarterly earnings of $0.40 per share versus estimates of $0.22 per share. the companies share of the energy drink category now 7.5% that's double from a year ago, so somebody's liking celsius. not all caffeine drink stocks are getting a good jolt. dutch bro is looking tired this hour, down 10.5% after it same-store sales fell 2% in the first quarter. dutch bros ceo said the company is seeing increased softness in customer spending. sounds like airbnb. specifically, when it comes to more discretionary afternoon purchases, do you people not need coffee in the afternoon?

because we're all drinking it here at fox business on the "clayman countdown." tulio that is falling as well down 13% hitting its lowest level of the year, 48 bucks after the communication software developer guided for a weak second quarter. the company is citing decreased demand for cloud services. it powers the communication if you don't know about this , for 150,000 companies including instacart, lyft, and airbnb. and right now, investors are communicating this message about airbnb stock. they are checking out of it after the shared home booking platform weakened its outlook for the current quarter. could the companies big push now to rent out a single room in someone else's home offset that softness? what are you seeing on the screen, that ceo brian chesky who is telling us next he is so hot on the idea, he rented out his own guest room to complete strangers. my interview with the airbnb ceo

is up next. and, my guest this week on my grand new everyone talks to liz podcast episode did everything he could not to go into debt before starting his home clean ing company, including working nights as a cook and planting real estate signs on weekends for a nickel apiece. it took him years to reach his goal of 150,000 but once he got it he launched his multi million dollar business and addicted to success, that guy, he started the next one, pink zebra moving company, aimed at making moving an enjoyable experience. i mean, who couldn't do that with the pink zebra? download it anywhere you get your podcast, we've got the closing bell ringing in 31 minute, airbnb ceo brian chesky next. turies evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time.

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happens airbnb shares are down 10.5% to $113.76 right now, even though the vacation rental giant swung to profitability and topped first quarter expectation s for both the top and bottom line, and nights and experiences booked on the platform hit a record high of 121.1 million last quarter. but airbnb's second quarter guidance here is the problem. it sent the stock tumbling. the home sharing leader is see ing a market slowdown right now and growth outlook along with revenues is expected to stumble upon unfavorable conditions that may lead tofuer bookings. joining me to talk about all of this , especially right now, airbnb co-founder and ceo brian chesky. brian, there are a lot of firsts there are a lot of records in this report, but it's more the outlook and the guidance. not only were you cautious about the overall guidance, but you paired that with the current quarter slowdown that you do see at the moment.

can you give us some details right off the bat of what it is exactly that you're seeing? >> yeah, first of all i just want to put this in context. airbnb today is more than double the size that we were pre- pandemic and the rest of the travel is far behind. we had a really good q 1, revenue was up 20%. we are cautious aboutq 2 and part of that is just we are really focused on omicron last year, a lot of travel was booked in q 2 because people couldn't really travel during omicron and so we're also just seeing some things in the macro. people are much more focused on affordability, especially in north america, but that's partly why we're making so much focus on affordability. last week, we introduced airbnb rooms, one of the most affordable ways to travel on airbnb where you can stay in a room in someone's house and that the average price per night is $ 67 a night around the world and we're also focusing on affordability features. liz: i want to go to the rooms because when you are bringing things down to a more affordable level, immediately, investors think hmmm. will that mean fewer profits?

>> i think what it means is more travelerses. we are still going to be able to fill the more expensive rooms but i think of rooms as a gateway for the next generation, it's a gateway for people looking to travel affordably that might not otherwise travel and i always want to make sure that we remain relevant to young people. i started this company when i was 26 and i always ask would the 26-year-old me still use our product and that's what airbnb rooms is is a way to bring in a whole new generation of traveler s. liz: bank of america just came out with a survey and specifically it's about spending it's called consumer checkpoint, and they saw markets softening in spending, but the biggest move to the downside was airlines down more than 4% on spending, which of course then means that lodging is down. what is at the heart of the slowdown? >> i think what is at the heart of all of this is the economy. obviously inflation, people are looking to save money. if you try to fly today, you'll notice it's probably a lot more expensive than it was a year ago people don't necessarily have more money so what's happening

is once again, affordability is the number one focus of travel. a year ago if you asked me what's the biggest theme in travel i would have told you it's flexibility. people now can travel anywhere. liz: nights and bookings, record number, more than 121 million nights booked, and experiences booked, and it missed but it was still a record. where are people going, what are they doing? >> you know, the crazy thing is people are now going everywhere. during the pandemic, people weren't going to cities, they weren't crossing borders. they were mostly traveling domestically going to more rural areas. now they are going everywhere. they are still traveling nearby and going to rural areas but now going to cities and crossing borders, now they are going to europe, asia, so it's a much more global world again. it's not awe much local. liz: you know, if we enter a recession in the second half, is that the same trend you expect and are you starting to see enough signs that make you say, there's a problem here. we may have a recession maybe it's shallow, what do you think? >> i'm going to try not to

comment what's going to happen with the economy. it's like me predicting the weather. a huge number of people get a booking within three days of listing, and last year, we added 900,000 incremental listings to the platform. now here is the important part. as we add more supply, prices stay modulated. as prices stay modulated you'll see hotels, ceo's are saying they are expecting rates to go up this year. if we can keep rates down then suddenly our value is going to be significantly greater. liz: i find that certainly an interesting way of triangulating or extrapolating things and that brings me back to rooms. you actually put your money where your mouth is. >> oh, yeah. liz: you rented out one of your rooms. >> i certainly am. i have more guests coming in a month. liz: you're letting complete strangers come into your house? >> complete stranger can go on airbnb and book my guest room, and i am the floor below them or we're in the house together. now i do get to read who they are. we have review systems. we do reservation screening technology. liz: how is your review? >> so far so good.

hopefully we'll have to, i know, i've had a couple guests stay with me and we make chesky chips and chocolate chip cookies in the morning, you lang out with my dogs, it's a fun experience. liz: that may be an attraction. another attraction and this is up believable. you guys have offerings for spooky experiences and haunted houses. now it's almost going in the opposite direction. the dodgers have a three-game series in milwaukee and mooky bets, one of the dodgers playing? he didn't want to stay in the 130-year-old milwaukee hotel because it's supposedly haunted so he's booked an airbnb. >> apparently he stayed with his friends in his airbnb and i was told the next morning he hit a home run. i'm not saying that's definitely related but there might be correlation there. liz: ai, let's talk about artificial intelligence. everybody is using that as sort of this awesome spark plug word that suddenly is supposed to do wonders for a company. is it for you? >> it's for everyone.

it's like electricity. it's going to effect every person's life in ways that are probably hard to predict. we spent a lot of time talking about web 3, crypto, metaverse, but you know, the reason we talk about these huge technological trends is every once in a while, once every generation or so there is a revolution of technology changes everything and that is artificial intelligence. it'll be as profound as the internet, maybe significantly greater. it's going to effect everything and airbnb is going to be unique ly in a position to benefit from ai and i'll give you two reasons why. number one we have a difficult customer service challenge. we don't have a front desk like a hotel. we have millions of people living together every night between different countries and that's a difficult problem for us to solve. ai can augment customer service agents to help you in seconds not just minutes or hours if we get a better service for cheaper costs we can level the playing field with a hotel because the biggest risk of airbnb is we're one of a kind which is great. that means sometimes it's less consistent so ai can allow us to provide an even more consistent

experience creating a tipping point for many people booking. the other thing it can do is we can build the most personalized experience. you ever go to the travel website and ask you a question where are you going when are you going? most sites don't know anything about you. what if we knew who you were, liz and we could ask you who are you, what do you want, we could really personalize it. liz: what experience or what type of food in a restaurant. >> exactly that's where it's going to go. liz: any chance as we see this slowdown that you're talking about, plus ai, possibly replacing some so-called back office jobs, we had the ceo of ibm saying exactly that, that you will have to institute layoffs. >> absolutely not. there's two propositions here. we could do eventually with ai the same amount of work with significantly fewer employees we have today, but if we were only trying to be profitable and not grow that be fine but of course we have incredibly big growth ambitions and so the better path for us is to keep everyone we have and then make them more productive and focus on gaining more market share and that's what we're going to be doing. liz: brian great to see you

thank you very much. please come back. >> i will definitely be back. liz: it's an evolving story just like everything else. >> yes. liz: thank you very much. >> thank you very much. liz: for the moment the stocks still down about 10%. we are coming right back. charlie gasparino, we're going from one billionaire to one that lost everything. sam bankman-fried. stay tuned we're coming right back.

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liz: former crypto billionaire and accused fraudster sam bankman-fried yesterday urged a federal judge to drop 10 of the 13 criminal charges levied against him and ftx the brokerage he founded that went bust. bankman-fried is set to face a jury trial for alleged fraud in october, but it's looking like it's going to take a lot longer than that to recover customer's funds. charlie gasparino, timeline? charlie: this is pretty frustrating. this is a good story to cover just as a public service because a lot of our viewers have money in the ftx fund and they still haven't gotten it back. periodically, we hear that they've recovered some money. the total right now that john ray has collected the ceo of ftx essentially the defact o bankruptcy trustee is trying to sort through the whole mess,

recover funds, a bunch of lawyer s working at it also maybe start a business. there's people talking about re igniting ftx to help pay some of the bills, and in any event, he's recovered from what we understand about 7 billion. now here is where it gets really tricky and i'm talking with creditors who have legal representatives searching for what's going on there. what they are saying is that they are, they believe, that ray and his team are slow walking the entire process. liz: why? charlie: you want the conspiracy theory? liz: both. charlie: okay, so -- liz: start with the conspiracy theory. charlie: the conspiracy theory which they believe is they are doing this because these are a bunch of lawyers working on bill able hours. liz: oh, i believe that. 100%. charlie: so they are ramping it up. the non--conspiracy theory which ray would say, we have a call into him and he did not return our calls is this is difficult stuff and we have to look under every rock and check every nook and crannie of sam

bankman-fried's investment, which is the ftx exchange obviously, but the alameda, he had lots of private equity holdings or venture capital holdings. he was like all over the place. some call it like a micro-blog ging twitter-like thing. i think they had a piece of that so there's a lot of stuff they have to look at. here is what i've heard about the numbers. so long story short. no one expects to get their money back before october. okay? that's what i've heard. number two, how much money is it we're talking 7 billion. i asked somebody whose directly involved in the process, is that a real 7 billion or an eyeball 7 billion? here is how he described it to me. there's value there. so when you hear and that's as far -- liz: is that a no? charlie: see i don't, i just think you should be really suspect of these numbers coming out like 7 billion. and it may be a venture capital deal worth x, but when you try to sell it, it's worthless than x. do you see what i'm saying into so that's what's out there. it's still a difficult process.

it's a lot of people are worried it's a lot of frustration. sam bankman-fried's trial starts in october. he's obviously not cooperating. he's fighting it, offered up some of the more defenses, my humble opinion, that i've seen, like what did he say today? there was some filing that he put out about why he shouldn't be charged. liz: okay, pharma bro. i mean, oh, this is an outrage. charlie: there was something really interesting about farmer bro and sam who gave sam bankman-fried some advice apparently. liz: really? charlie: yeah, like how do you survive in jail and he was saying sam is kind of not the most masculine dude. liz: like farmer bro is? charlie: that's what he said, i was like that too so i had it deep in my voice in the can. he's still in the can isn't he? charlie: i think so. he must have a very deep voice if he's practicing this long. liz: lucky for elizabeth from th

eranos. charlie: mess with me and i'll kick your -- could you imagine? liz: you would do just fine in prison. that's a compliment. charlie: i've had family members in jail. it's maybe the last place you want to be. liz: i know. charlie: the food is horrible. liz: stay honest. charlie: food is just -- a friend of mine whose kind of a wise guy, a guy i grew up with said listen i have no problem going to jail. he's done his stint. he said what was horrible about it was how dirty it was and how the food was bad. like the other stuff you hear i'm not going to say an air is way overblown. liz: that sounds like prison. charlie: it's just dirty and the food, like they don't know how to spell spaghetti in the cafeteria. liz: no evion water? charlie: no. no perrier. liz: as long as i can watch fox business. charlie: do they still serve per rier, or am i dating myself? anyway -- liz: charlie thank you for that.

charlie: if sam bankman-fried expects good vegan food, you know? liz: not happening. charlie: good luck. liz: okay closing bell the dow can't seem to make its mind where to land. it is up, down. down 39 points. s&p and nasdaq turned positive for the week. on monday the nasdaq actually entered bull market, joining the dow, exiting the bear market. of the majors that leaves only the s&p 500 in bear market territory. meaning it downs 20% from the recent high. our "countdown closer" says the bottom is still not in. he has a basket of stocks he is buying. prancing through the garden, value equity chief equity strategist, portfolio manager jordan kimmel joining me. jordan, you're not with mike wilson of morgan stanley that

the s&p has to go down to 3,000. i heap hearing that for months. it is not going down to 3,000, that is not the bottom, isn't it? >> he is a bright guy, what he has done he painted himself in a corner, he can't get out. having firm opinion you know what will happen. you have to watch the market. what we have right now, liz, is completely pessimistic public. we have institutions with low allocations. and yet the market is, is not on permanent footing, i said that the bottom doesn't feel like it is in. advance-decline line for the nasdaq was basically at a new low right now. it is handful of company, magnet companies that people, need to know about. liz: yeah. >> more important than what you think is going to happen is, liz, the biggest problem is waiting for the bad news to happen. nobody buys during the bad news. they get afraid. so you have to piece in slowly.

know what you're buying, have the confidence that if you buy right you could add a little and keep going. liz: yeah, don't be afraid. we never assume people understand what everybody is talking about here. the advance-decline line is number of decliners compared to the advancers. what you're saying too many decliners they're swamping the advancers, right? >> exactly right, liz. thanks for filling that in. you love to see raw participation. new high list with a lot of names a low list that looks small. you're not really seeing that right now. it has been a choppy, choppy market. there has been a handful of stocks, well-known companies that really led the advance, behind it and stealth think there are companies with value, growth and momentum, growing revenue and they're available to be picked on and picked off. they simply have, no one is paying attention.

everyone is waiting to buy. you have to gradually increasing allocation. liz: what about this, jordan? i am thinking about palantir, for example. palantir had a rough go over seven months t had been a while since it climbed back to its 52-week high. it is not there at the moment. it had a banger the last 48 hours where it said it would be profitable every single quarter this year. adding 40% to the 30% gain yesterday. 34% jump this week alone. do you go into something like that? >> the reason i'm showing you palantir, that is a classic example of a company with a good business that was down literally 80%. it wasn't down a little bit. it was down way off its high when it first came out. then it based for a long time. i actually showed this stock on the show here a couple months ago. liz: i remember. >> on the first jump. now it's clearly entering into a

bull phase. you're seeing institutions buying in. it is in the right business. this is one not anywhere near its all-time high but you can see the current momentum just come back into the company. liz: for those who don't know. 9.95 right now. the all-time high, annual high is $11.62. it is not quite there but getting closeromewhere up 70, $e when it first came out. liz: exactly. >> a lot of ipos you have to wait for them to settle. tough wait for your turn. what i will dos is wait for momentum to come in. all the companies i'm showing you on the list is you will uptrends an valuations i feel comfortable buying in at. liz: all of your picks range from consumer to manufacturing, health care and technology. you have rockwell automation.

they're a friend of this show. crocs is obviously consumer along with deckers. interested to know why you're doubling up on two shoe companies but that said, is this the way, best way to control risk right now in a portfolio? >> remember, i showed you last time i was on, i showed you jakks pacific. that was when super mario came out that is a company with price to sales, it is hard to get technical, price to sales is around .3. that is about as cheap as you get. so i'm showing you names that stayed in my portfolio they have been healthy enough. and i don't need to day trade and find, it is hard to find a new beanstalk every day. if you find the right ones, little more love to say, sitting right, being tight, is a way to go, these are companies with growth, value and momentum. we own every stock in the

portfolio that i have shown you that is on our list today too. liz: you've been very tactical in your stock picking, overall where do you see the markets going? is this sell in may, go away time? >> no, i don't believe it is. i believe we'll come up to some sort, one more scare to get people really out. what happens, liz, when they finally admit we're in recession we think the market already bottomed down a month before there. you will hear about a recession. it will end up being a mild one. anyone who bought a month before they finally admit we're in recession will be having profits already. liz: jordan, great to see you. [closing bell rings] liz: we have new incoming ceo for. at that will do it for us. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. house republicans pr