when they realize or someone realized that they made a mistake. the question is what action did they take because it looks like to me they decided instead of talking to shareholders and doing something to fix everything they just looted the joint. they sold $84 million worth of stock in the two years ahead of all of this. they took out, get this , folks, $219 million in loans. now i'm not sure what happens next, but theft is theft, and those in charge have to press this case. you know, we keep saying these people come before the senate, come before the house, and nothing ever happened, but they always seem to getaway with robbery so it's time to look out for the shareholders, and the general public, and forget about how stupid they are because at the end of the day if they getaway with it, it makes us stupid, right, liz? liz: did you hear all of the excuses he pointed the finger at everybody but himself? charles: it's crazy. liz: and then senator sherrod brown said what is it? the dog ate your homework? charles: [laughter] he said oh, that was the first one i thought, yeah. liz: well both sides of the

aisle were pretty worked up there. thank you very much, charles. look at the stock here, the markets the bulls are back, breaking news as we kickoff the final hour of trade. we've got a lot of green on the screen, in large part because of this. >> we started last night, so if we finally have a process, a structure, that has worked every time in the past, but now we have a short timeframe to get the job done in so i'm optimistic that now we have a structure that can work. the timeframe is what's difficult but what we really have to do is we have to spend less than we spent before to curve inflation, so we're going to sit in the room and get this done. liz: yup, that is speaker kevin mccarthy on fox business after yesterday's white house meeting where president biden and congressional leadership from both sides of the aisle hashed out differences with president biden. speaker of the house kevin mccarthy on fox business this morning striking a confident note about getting the debt ceiling done before the u.s. runs out of borrowing capacity, and sure enough, this

has the bulls kicking down the doors here. let's start with the dow jones industrials yesterday, the blue chips lost 336 points and closed below the 50 day moving average for the first time since march 30, but today, right now, we're seeing a gain of 363 points . in fact we need to show you the leadership here for the blue chips. look at this , monday's disaster of the day is wednesday's winner had you bought home depot right behind boeing, which is number one, home depot number two after its weak outlook on monday, you could be 3.25% higher. we also have jpmorgan chase, goldman sachs, american express and caterpillar moving up at the top of the dow. tech showing some serious strength at this hour. we've got the nasdaq moving higher by 144 points. that's good for more than 1% gain and it is powered in very great part. we were looking through all of this just a couple of hours ago by the semiconductors. on your screen, these four chip and chip equipment makers are all hitting 52 week highs today.

marvel, look at that gain, 4.6%. you've got applied materials up 3.8%, nvidia and broadcom also up 2% plus a piece, again 52 week highs going all around here this is a big week for retail earnings and so far, the news has been mixed. walmart reports tomorrow, but target revealed numbers today. it beat on earnings per share and revenue expectations, but warned that q 2 will be much softer due to a more cautious consumer out there. earlier the stock was negative. we have it up about two and one- third percent but coming up star retail analysts dana telsey and ivan finseth, on what they anticipate will be the big surprises and reveals on the actual consumer, and for retail investors. i don't know the market is just full of surprises today so let's bring in jim lecamp morgan stanley's senior vice president of investments. jim, we've got speaker mccarthy hitting both sides might be on a clear path to a debt ceiling deal and as i said the optimism

has the bulls kicking down the doors. you've been warning about recessions so are you still feeling that way and is a day like this a selling opportunity? >> so liz, the trading range that we've been in here for over two months now hasn't changed at all. we're trying to break out of it a little bit but there's resistance right around 4,300 on the s&p 500, and while today is a broad based rally and everything is rallying, debt ceiling debates that get solved are not the stop. these are not the kinds of thins that new bull markets start off with. bull markets usually start with a lot of fear and pessimism and they don't start off with debt ceilings being lifted because we always lift the debt ceiling. it might interrupt the market here and there but it doesn't ever create a long term obstacle , and then you look at the economics of the country right now. you have senior loan officer surveys showing that lending is tightening up. you've got a yield curve that's still inverted. you've got the consumer that's

finally starting to scale back. you have leading indicators down 12 months in a row. that hasn't happened, and you've got money supply falling at the fastest rate since the great depression so you've got a lot of concerns here, and with money-market rates, over 4%, you really don't have very much to encourage you to take a lot of risk in here. the equity risk premium at 23 times earnings, it doesn't scream that stocks are cheap relative to other instruments, so i think we have to be careful we could rally a little bit further, and there are pockets of the market particularly artificial intelligence and the semiconductors as you mentioned and software that they are doing very well, but the rest of the market, it's not doing so hot. the broad markets not doing so hot, and earnings just weren't that great. yeah, we beat expectations, but if you lower the bar low enough all you gotta do is step over it liz: [laughter] >> it kind of misses the point. other than that, mrs. lincoln,

how would you like to play? earnings were actually down, so i think we have to be real careful about being too bullish here. liz: yeah, getting all excited about having scaled over the expectations. buffett likes to say yeah, so i jumped off a pancake. it's really this much, you aren't really doing something great but jim, talk to our viewers right now about what has been holding up the markets over the past couple of months and that is oddly, communications technology and overall tech. >> overall tech particularly driven by not only artificial intelligence but those companies in the halo, are companies that are building the chips and that's why you're seeing semiconductors particularly those that you can attach to artificial intelligence. liz: nvidia, amd. >> right and here is the thing. the russel 2,000 isn't doing well at all, so underneath the surface, you have a lot of areas that are struggling, but the other thing about artificial intelligence, and i think this is going to be interesting, as we move forward, is it could really increase profit margins

across-the-board for companies. the downside is it could cost a lot of jobs and could create a lot of displacement, so it's going to be bifurcated and that's what we're seeing right now is a bifurcated market. i just think we have to be careful and let's not forget. we're entering that sell in may and go away timeframe, historically has been more volatile for the markets. doesn't mean we'll retest but there's a lot of room between here and bottoms we saw last october so we could sell-off without an actual retest and still have a 10-15% drop without much problem at all. liz: yeah, well, we're watching a lot of action in semis and you can see there, the most active when it comes to etf's where you get the whole basket of them. jim great to see you. so if there is a short-term trend spotted it's that many investors would maybe rather wait out the debt ceiling question mark by parking cash in short-term treasury bills but we've seen some real action in etf's. quarter to date the best performing etf's and we thought

we would look at this so that you get a sense of where the flows have been. they include dapp, vectors digital transformation. it has gained about 20%, and then we've got sbio, that's the medical breakthroughs up 17% or so, and simplified propel opportunities etf up 16%, and if you look at the ones that are really involved there, that is also a life sciences healthcare biotech name so we're going to get to the worst performers in a moment but let's bring in etf actions founding partner alex shepherd here to analyze why investors view exchange traded funds as i guess alex, the safer way to invest in stocks during jittery times, because you get a whole basket. that way you are not so vulnerable to individual stock moves. >> yeah, liz. it takes out that risk from holding those individual names while one name can own the whole basket is the saying, so this year, we've seen certain

trends and to go with jim's theme of people are a little worried right now, we've seen a lot of flows into those income etf's and strateg ies that offer some protection and safety. for example, fixed income etf's are actually leading equities and net inflows year-to-date by $30 billion. this has never happened in a calendar year before the last time it came close was in 2019. you look at fixed income space specifically, you see investors favoring treasuries over corporates, or loans, or preferreds. you're also seeing some interest in those synthetic strategies on the equity side. investors looking to increase their income while maintaining some of that exposure, we're se, and option writing strategies on the s&p 500 with funds like divo , the amplified product , or jepi, the jpmorgan product. liz: let me stop you with divo. so year-to-date it is slightly off, but if you bought it around

, can't even see , february? you've done actually pretty darn well. quarter-to-date you look at these things and just explain what something like this etf has in it. obviously, dividend-paying stock s correct? but is there a more deeper focus >> well the deeper focus for the investors is going to maintain that yield and maintaining your exposure so there are actual holdings of those companies but on top of that they are writing options to choose their yield a little bit. that's the primary benefit of the strategy is maintaining the exposure, but you're still looking to gain additional income for your portfolio. liz: alex, great to have you, thank you. it is an opportunity to have a whole bunch of something that you feel is what everybody needs the semiconductors are perfect example today. thank you so much. good to see you. >> thank you. take care. liz: mega star singer taylor swift is raking in hundreds of

millions of dollars from her concert tour, but wait until you see how the financially savvy singer invests her money. up next, what a loose-lipped hedge fund manager tweeted that revealed the financial instrument he says swift prefers to grow her money. turns out you can invest just like swiftie. closing bell ringing in 49 minutes. the "clayman countdown" is ready to do something for you after the break, and it won't be bad. dow jones industrial up 400 points. ♪

your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works.

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. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow.

♪ one thing leads to another ♪ i bought the team! kevin...? i bought the team! i put it on my chase freedom unlimited card. and i'm gonna cashback on a few other things too. starting with the sound system... curry from deep. [autotune] that's caaaaaaaaash. i prefer the old intro! this is much better! i don't think so! steph, one more thing... the team owner gets five minutes a game. cash bros? wooooo, i like it! i'll break it to klay. cashback like a pro with chase freedom unlimited. how do you cashback? chase, make more of what's yours. as a business owner, your bottom line how do you cashback? is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today.

comcast business. powering possibilities™. when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network.

liz: global superstar taylor swift's tour is, you know this , the hottest ticket of the decade the entire tour sold out all 2.4 million tickets the very first day it went on sale on november 15. according to forbes, the 12-time grammy award winner could net between $500 million and $1.5 billion for her 52-date u.s. stadium run, but taylor, she also wears another hat that many swifties might not be aware of. she's a very smart investor. last saturday, famed hedge fund manager boaz winestein tweeted while watching her concert. "did you know taylor swift invests in discounted closed end funds? you think i'm kidding but her father scott, who by the way worked at merril lynch, told me so."

team countdown immediately thought, well let's bring in an expert on discounted closed end funds so our viewers, like you can invest like an international superstar. in a fox business exclusive we have river north portfolio and closed end fund manager steve o'neill. steve, when we saw this we said let's get this out there, because you don't have to be a multi-millionaire to actually invest in discounted close end funds but what are they and how do they work? >> sure, liz, thanks for having me. it's a great story, because you don't have to be a billionaire. could you have a billion or a thousand dollars but the close end fund opportunity is available to everyone, and close end funds are investment vehicles, similar to an etf. they are actively managed and typically focus on an asset class that could be municipal bonds or large cap u.s. equities but unlike an etf, which has a real anchor to it that asset value through a creation and redemption mechanism, close end funds issue a fixed number of shares so once

those shares are issued they trade on the secondary market, and market forces take over. although each close end fund has a liquidation value, everybody knows it at the end of the day, the reality is that people just kind of forget about it, and close end funds can trade at premiums to their net asset value, and they can trade at discounts and if i was going to guess what taylors up to, she's after the big fat discounts and the close end fund market today. liz: okay, let's talk about the big fat discounts and how they work. so the net asset value of what's in this closed-end fund, right? is actually more than what it is trading at, right? the intrinsic value is more than the actual price, correct? >> that's correct. it's not, you know, steve at river north saying the intrinsic value is x. it's the fund company pricing out the closed-end fund the same way a mutual fund would have everybody has the same information but the reality is the investors make financial decisions on fear and greed and i think after last year's shellacking in the bond market, a lot of investors have shied away from bond funds and unlike

the etf's that you talked about earlier there's no in-flows going into the closed end fund space so the and at it has resulted in the market prices trading well below asset values and in some cases $0.85 on the dollar and that's really just future excess return in our view because again, sentiment is cyclical and at some point the future investors will say you know what? i do want income again, they come back to closed end funds and when those discounts narrow that can be a real tailwind for performance. liz: right of course and i think that that's very important but it is a financial instrument. my question is if it's closed- end how do you get in before it closes? >> sure. so when a closed-end fund launch es they do a 30-day road show like a typical company and once they issue shares, they put them on the exchange and investors trade them and so once the fund is launched, it is closed and so the fund will not raise new capital and if you want to buy and sell it, it trades at a premium or discount , and it's really the market forces that take over , and that's where sentiment really plays a big role.

the sentiment towards the fixed income market is still so negative that you're able to buy these, you know, it's already closed but you're able to buy these at a discount and your hope is that that discount narrows overtime but the reality is if you like the asset class it's just a no-brainer way of getting the exposure. why buy an etf for a mutual fund and net asset value when you could buy similar fund at $0.85 to the dollar. liz: yeah, exactly you want the discount. everybody buy low. steve, you know, she's very smart. we have watched over the past several months that she was the one who rejected ftx and sam bankman-fried's offer for more than $100 million to promote his crypto exchange. meantime, tom and giselle bit, you had larry david biting, shaquille o'neal and she asked a specific question, she did not like the answer and to me i thought that was very interesting. look maybe she's got advisors her dad is obviously in the industry but when you look at a star like that oftentimes these

are the same ones. we just had mike tyson on the other day and the boxer had told us he lost so much of his fortune initially and had to really work hard to get it back. she's not making that mistake, is she? >> no. taylor knew sam was trouble when he walked in and she avoided that financial disaster which literally torched a number of the celebrities you mentioned and a number of financial investors so i'm certainly a taylor swift fan myself so not only is she a global superstar but she can certainly consider her to be a financially savvy investor as well. liz: indeed with a huge portfolio of real estate, about 150 million worth. steve good to see you, thank you >> thanks for the time, liz. liz: talking about discounted closed-end funds. a win for wynn resorts as barclays upgrades the stock. why is the firm placing its bets on this particular casino company? find out next. closing bell 39 minutes away. look at the dow up 376. high of the session a gain of

460. we've got the s&p better by more than a percent or 47 points, and the nasdaq charging higher by 1.25% or 153 points. we are coming right back.

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 what if you could make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across multiple systems globally, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. . ..to make quick decisions? check. aaaand check. that's the hybrid cloud solution ibm and a global bank created. what will you create? ibm. let's create. (bobby) my store and my design business?

we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. ♪ (cheery music) - they get it.

they know how it works... and more importantly... it works for them. - i don't have any anxiety about money anymore. - i don't have to worry about a mortgage payment every month. - it allowed me to live in my home... and not have to pay payments. - [narrator] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - just like these folks, aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. - it's a good thing. - why don't you get the facts? like these folks did. - [narrator] call right now to receive your free, no-obligation info kit. call the number on your screen.

liz: well, we've got some tailwinds at this hour, and most of them are coming from the fact that we apparently are closer when it comes to both sides of the aisle in dealing with the debt ceiling.

hopefully, by the x date so-called which is june 1 when the u.s. runs out of money to borrow. investors are setting gains into motion for paramount global. look at the stock right now up 4 % which is pretty good for this company, because its been all over the map. all it took was a report that the media and entertainment company could become an activist target. the activist insight report pointed out that the second- largest holder of paramount shares be warren buffett was unhappy when paramount cut its dividend earlier this month by 80%. buffett said "it's not good news when any company cuts its dividend dramatically" and that could signal to activists out there to pounce. he's not an activist, he doesn't do that but somebody out there may. paramount global is down 33% month-to-date and that would give them a little bit of ammo to pounce. wynn resorts in the chips shares of the luxury hotel and casino operator are up 6% after barclays upgraded the stock to

overweight. barclays also raised its price target on wynn from $120 to $135 and we're at 109 and change cit ing strong las vegas operations and a robust casino recovery in china's macau region tesla shares are on the move we're seeing a gain of 4.5% after the annual shareholder meeting last night. shareholders cheered ceo elon musk's appointment of a new ceo over at twitter, because he had been jointly running those two plus spacex, plus the boring company plus so much else, right the appointment at least they interpreted it to mean that musk can now spend time running tesla another positive development from the meeting, musk said the company would deliver its first cyber trucks this year and he also teased two new vehicles that he forecasts could sell 5 million units a year. bullish sentiment not extending to the entire ev universe however. ev charging company evgo plung

ing 19% after the company announced $125 million stock offering. this after stifel initiated the stock with a buy rating and a $9 price target this morning. so, boy, stifel is like could you not have told us this before when you do a big stock offering , that means it becomes dilutive so right now, evgo is trading at $4.63. high mortgage rates and a shortage of homes for sale are hitting loan demand right now. mortgage applications to purchase a home dropped 4.8% last week compared to just the week prior, with homeownership out of reach for so many, some new graduates are choosing to stay at the spot they grew up in, but guess what? it's not coming for free. madison alworth has more on the new trend of parents charging their kid's rent? reporter: yes, liz. there is a fierce online debate about whether parents should be charging their adult children rent. families at the center are those

like the archies, they have a daughter who chose to work full-time rather than enroll in college, so they charged her $200 a month while she lived at home. that is of course well below the market value for rent in that area. they joined fox business earlier today to discuss that decision. >> nothing is free in this world. >> raise responsible respectful and productive adult adults, not just children that enter society reporter: so, the families video that they posted online has gotten nearly a million views. that's how we found them and its been at the center of this debate which is using the # parentschargingrent, which is trending online so we wanted to ask people in real life would you charge your kids or let them live under your roof for free? >> they didn't charge me rent but i think because they knew that i was like working towards that anyways. >> if i had to pay rent i move. i say okay are you ready to move and he moved. i pay all these years for you

now it's time for me. >> i wouldn't initially charge rent. >> i think they should contribute something whether it's to groceries or rent or something either that or you'll end up with them for years and years and years. >> they have to get on their own two feet sooner or later. reporter: and this is such a popular topic, because the archies aren't alone. 85% of parents would let their children move back in as adults or have previously already done so, and they most say that they wouldn't charge them rent, but they would ask for some sort of financial contribution, like help with bills or groceries. i think this is something that most families have top of mind with recent grads. i know it's something that i discussed with my family when it came to moving out or living at home and we're seeing both sides of the aisle there, liz. liz: okay, so i would just be grateful if they picked up the wet towels off the floor [laughter] that to me is worth money. reporter: yes. there you go. that be good. i will say i was not the best roommate growing up. i think i would have been better

as an adult, but my parents were very clear. they did plot want me moving home, in part because i live in a rural town, so i had to move out to get opportunities, to wind up here. liz: i actually like what the archies said. i like how they put it. reporter: yeah. there's a lot of sense there. liz: let's see if i can apply that when the time comes. we'll see the kicking and screaming that happens. thank you, madison. reporter: thanks, liz. liz: the nations largest retailer set to report earnings tomorrow. wall street keeping a very close eye on walmart, after we already got results from other retailers so far. what will the bell weather of discount retailing say about how americans are spending now? our retail panel breaks it all down next and the stocks that could move to the upside because of it. speaking of retailers, my guess this week on everyone talks to liz wasn't in fashion at all, but he became an absolute trailblazer simply by realizing

he couldn't find what he wanted, and that was a really nice shirt that he could wear untucked. chris ricovoto and his partner aaron realized how most button down shirts were too long and looked shlevy for them to wear untucked and with that in mind untuck-it was born. the company was started in chris ' spare bedroom in his apartment and it now blossomed to 90 stores worldwide and has s unk its jaws into actor leonardo leonardo dicaprio , and the story of untuck it and how it began while chris worked a full time job at ge medical and now he's a multi millionaire. closing bell ringing in 28 minutes, i hope you will listen to that podcast. you can download it wherever you get your podcasts dow jones industrial is up 366 right now. ♪

♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ (wheezing) asthma isn't pretty. it's the moment when you realize that a good day... is about to become a bad one. but then, i remembered that the world is so much bigger than that, with trelegy. because one dose a day helps keep my asthma symptoms under control. and with 3 medicines in 1 inhaler, trelegy helps improve lung function so i can breathe easier for a full 24 hours. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy contains a medicine that increases risk of hospitalizations and death

from asthma problems when used alone. when this medicine is used with an inhaled corticosteroid, like in trelegy, there is not a significant increased risk of these events. do not take trelegy more than prescribed. trelegy may increase risk of thrush and infections. get emergency care for serious allergic reactions. see your doctor if your asthma does not improve or gets worse. ♪ what a wonderful world. ♪ ask your doctor about once-daily trelegy for asthma - because breathing should be beautiful. ♪ ("next big thing" by west rose) ♪ ♪ ♪ ready? go ♪ ♪ i'm coming out with a bang ♪ ♪ blowin' up i'm the next big thing ♪ ♪ we don't just have everything... we have your thing. ♪ ♪ blowin' up i'm the next big thing ♪ ♪ ready? go ♪ if your child has diabetes,

you'll love how easy dexcom g7 is. it's on. and, he's off. you can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. ♪ ♪ mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one motorcycle insurer -for saving us money. -thank you. [ laughs ] mara, your parents are -- exactly like me? i know, right? well, cherish your friends and loved ones. let's roll, daddio! let's boogie-woogie!

liz: okay, big moment tomorrow. america's retail bellweather reports earnings before the opening bell. analysts are looking for a buck 32 a share that be up 1.5% year-over-year, and $148.7 billion in revenue. that be a gain of 5.1%. while we wait on walmart, target and tj maxx already gave us a glimpse through the retail window, issuing softer guidance for the current quarter, so are americans finally feeling the inflation heat and pulling back on spending in a very marked way? joining me now, telsey advisory group ceo and retail guru dana t elsey, following more than 100 retail companies in her 31- year career and tiger's financial partner cio ivan fine seth covers walmart and costco. you guys are the perfect people ahead of all of these numbers to assess what's going on. dana, i want to begin with you.

we're looking at two names that have already come out a whole bunch more expected. can you glean or get a message from tjx and tj maxx about the rest of them? >> yes, i think what you can green from both of them frankly the one thing we had was consistent between target and tj x, increased traffic. consumers are coming back to stores and looking for value. you certainly heard what target said about discretionary items which were a little bit weaker, and when you think about tj, what worked for them? it was a apparel and accessories and value prices that were very strong and drove the mid san diego comp. the other thing you can glean is inventories are lower, so all of these companies, they are definitely leading with lower inventories. the second quarter guide, yes. we are seeing consumers overall being much more cautious, particularly at the low to middle tier, but frankly, you're even seeing it at the higher end also, so as we go through the back half of the year, i think that almost the tjx setup , given that they

beat the earnings, the guidance they essentially maintained and the up-tick essentially came from the fact that they beat q 1 , so i'm cautious on the second half of the year, but watching carefully for those companies like tjx who will maintain and only cover by the beat. i think they are getting the benefit of some of those trade-downs. liz: well so the value- conscience consumer may translate if people pick their stocks right, to the value companies, right, ivan? and that be walmart 24/7, 365 days a year, and i'm wondering because you've got a buy on it, 12 month price target of 176 bucks, we're at 149.50 right now they've got food, staples and they've got technology they are pouring into customer transactions. where do you see walmart going here? >> well, walmart is expanding their market share because they are offering more healthy food

choices stocking more organic food items and they are gaining market share across a larger consumer base because everybody is looking for value and everybody is looking for deals especially on staple items and consumers are spending lesson discretionary merchandise because they are spending more on travel. while we're seeing pullback in discretionary and definitely in spending on home products and home improvement, consumers are spending on travel. cruise bookings are strong. airports are packed, so we've seen this pre-pandemic shift from merchandise to memories further accelerate in a post- pandemic retail environment where consumers are valuing travel and they are looking for value in staple items but they houses are full of tv's and all kinds of cookware and everything that they bought during the pandemic. liz: dana when i hear ivan talk about all that walmart offers, i'm beginning to wonder. is it time to stop the comparison between walmart and target?

target, they call it a discount retailer and the prices are low, but they're really in a different sort of field, are they not? it feels like they are more kohl's and walmart be more costco. >> i think i wouldn't compare target to kohl's given how differentiated modern what they're doing is seamless and omnichannel is. they've really upped the bar in terms of not only their assortment but their infrastructure enhancements that they're making and if you go to their store in houston, well that is something to be seen given it has all of the bells and whistles of newness so i wouldn't necessarily call it comparable to kohl's. liz: okay. >> i do think that the essentials part of the offer ing on food is something that you look at the two, but definitely a little bit of a different customer and a little bit of a different store infrastructure. liz: ivan, let's talk about surprises. where are we going to see retail surprises that haven't reported just yet? some of the names so that investors can maybe start doing

their own research and start picking up some names. >> well, i think that costco could surprise, because for whatever reason, the stock has been under pressure recently , and i think that they continue to have the things that differentiate them. they have a unique shopping experience. the fact that their customers paid for the opportunity to shop there. they have a tremendous value experience, and you know, they have this treasure hunt environment that the merchandise is always changing, so you'll never know what you find, and the more people spend in the store, especially doing sampling, the more they spend in the store. liz: and dana, where do you see upside is prizes? >> i think some of the interesting things that are out there lately, you look at the strength in sales of running yesterday what's coming out next week is going to be deckers and certainly with hoka and uggs, those have been both brands that have done very nicely and continue to garner consumer appeal. so i'm watching deckers.

i'd also say the other one i'm watching in the apparel world watch ralph lauren which will be interesting to see as they continue to modernize their assortment to the level of consumer interest which also given their overseas emphasis, that's a benefit to them. liz: yeah, 52-week gain for ralph lauren is about a seven and one-third percent move there and i'm with you on on. they have been on the show many times, and they are still selling off. yesterday and today, we're down about seven and three-quarter percent at the moment so for the week it hasn't been a pretty picture down 15%. would you look at that and say let's pile in here? >> i think overall, they've done so well and now they just are continuing the momentum. i think yes, i do think that it is an opportunity as you continue to see the expansion of categories. i'd also say the read across from tj to the other off-pricers should be a benefit for them too namely burlington will be interesting to see along with ross stores. liz: i'm pulling off my shoe to

show everybody i'm wearing on right now. [laughter] these are so old. okay, ivan, dana, great to have you both thank you so much for joining us to talk about retail. >> thank you. >> thank you. liz: plenty of talk about the 2024 presidential election, coming down to trump vs. biden, but is there a third party candidate lurking in the background and no, not talking about ron desantis. charlie gasparino is up here next. he has his ear to the ground of wall street and they are the big money guys when it comes to funding some of these campaigns. ♪ the all-new chevy colorado is made for more. bring more.

♪ do more. ♪ see more. ♪ and be more. ♪ the all-new chevy colorado. made for more. ♪ (psst psst) ahhhh...

with flonase, allergies don't have to be scary spraying flonase daily gives you long-lasting, non-drowsy relief. (psst psst) flonase. all good. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked,

we needed it fixed right. we went to safelite.com. there's no one else we'd trust. their experts replaced our windshield, and recalibrated our car's advanced safety system. they focus on our safety... so we can focus on this little guy. >> singers: ♪ safelite repair, safelite replace. ♪ these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million

xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today.

♪. liz: non-partisan political organization, no labels, could be gearing up to nominate a candidate for 2024 presidential run. who is on the short list, charlie. >> the reason why this is a story for me and you on a business network, not purely political. no labels are reaching out to tons of people, not tons, lots of people on wall street basically saying give us your money, we'll nominate someone that will be centrist. we believe if it is joe biden and donald trump we're going to

put someone up there, you the businessman can live with, most people can live with. someone moderate, someone pro-growth some one that doesn't appeal to the extremes. at least what they're saying. >> who? >> three people on the list. two you know already, joe manchin, west virginia senator, larry hogan. that is the short list. the name that emerged from know labels, i know people there, glenn youngkin, the virginia senator, the virginia governor. here is interesting thing about youngkin, he is republican, you know that. he has been squirrely whether he will run for president, what his people have said what he has said, i think recently at milken to gerry baker, i have no plans to run in 2023, leaving open 2024. mo labels says there's not ready to pick the candidate this year. they may pick it next year.

that is youngkin's resume' which is quite remarkable, he was a private equity guy. he was at carlisle before he ran for governor to win, surprise, beat terry mcauliffe, i believe the democratic challenger. we should put up a statement from no labels. it is fascinating. they don't deny it. basically, there is the statement, i will give you the short version. we have not begun the real deliberations yet, if we do it will be a year away. which corresponds with glenn youngkin's timetable. one thing i want to point out, this is from my sources inside of no labels i don't think they will run, if it is not biden versus trump. that they think the only way a third party can win. if it is two people, there is a lot of misgivings about either candidate right now. you see that in national polling. and we should point out one other thing, this is what my sources are telling me today as well, that ron desantis is on the verge of announcing.

unless he does a 180 he will announce. from what i understand it is likely to be in the next two weeks. here is one tell based on my sources, same fund-raising sources, they're getting emails from some of desantis's people, changing our email address, stay tuned. liz: very interesting. charlie, back to the no labels group, would they pair youngkin with running mate from the other party, youngkin whoever, larry hogan. >> i think it is possible. larry hogan is republican. liz: centrist. rational. >> centrist on social issues but clearly a fiscal conservative. liz: exactly. >> could be him. could be manchin. those are names on the list. i can tell you they're reaching out to him, full, listen, they're reaching out to democrats that were moderate democrats. i know that for a fact. some names i can't say because i have not spoken with them. liz: spoiler. >> would they spoil it for biden

or spoil it for trump. if it is youngkin, you spoil it for trump. one thing i will say, i know a lot of fund-raisers for no labels they're right leaning. they would actually want trump to lose as opposed to ising him president again. i'm not saying, by the way, just for the viewer out there, i'm not endorsing this. i'm just giving youth facts. were this happens or not i can't tell you. i'm not endorsing whether trump can lose. liz: youngkin was at carlyle group. he would get wall street money you think? >> yes. another thing, liz, it will not happen unless it is biden versus trump. if desantis will pill it out, he will start his campaign, unless he does a 180 next couple weeks around memorial day, if he does run and he does win, this doesn't work, the calculus doesn't work. liz: got it. >> if he doesn't run or he doesn't win, look for 2024 no labels getting on every ballot

and, you know, we'll see who it is. it is, youngkin is on the short list. liz: charlie, good work, thank you. >> thank you. liz: charlie gasparino. closing bell, we are four 1/2 minutes away. here we go. look at the dow jones industrials, a gain of 420 points. hype of the session, 460. charlie just tried to walk off the set all attached with everything. >> i'm sorry. liz: s&p is up 51 points and the nasdaq is up 167. yeah. they're getting very close to the session highs here. asset managers talk all the time about a balanced portfolio, what does that really mean? for our "countdown" closer today, that means pairing a safety pick with a contrarian pick. joining us now, eva otto, coo, chief investment strategist at er shares.

she manages a billion in assets. talk to you about first safety before we get to your contrarian pick. why is this a better way to do it? >> i think we see inflation coming down, 5.4%. housing is dropping significantly. if you look at the case-shiller index it is down 5% since june. that will reflect on on cpi since june. housing accounts 30, 40% of cpi we'll see inflation come down precipitously. when inflation comes down and interest rates come down -- tech. liz: let's get your safety pick and your contrarian pick. >> so safety is, so the safety one is google and the reason i like it it is by far the best in its category. if you look at its net income margin, it is 21% compared to minus 1% for its peers. even though it has great fundamentals it valuation still 40% below its peers and many

people might be concerned market up 19% for the nass dak year-to-date, google did even better. why should i get into google how further could it go? i believe as interest rates drop, more funds moving into tech, they end up, mostly in large cap tech. so google will benefit and of course you have a.i., artificial intelligence, that's a huge growth area for google. liz: zoom in, just so people know, not zoom communications. i want to address that. zoom info has not done particularly well year-to-date. it is down 24%. what will get it beyond a up move of 24%. >> that is exactly right. that is my contrarian pick for today because if you see the nasdaq up 19% and zoom info down 25% that is a huge difference. i really like its fundamentals. its revenue growth is 39%

compared to 10% for its peers. when it comes to the ebitda, four times its peers. ebitda growth it is 3:00 times its pierce. by far the best margins and revenue growth in its category. when it comes to revenue growth, market cap revenue growth it actually looks very attractive. liz: eva, we know what you like, you do like tech in many cases, what don't you like especially considering we still have a little bit of a sword of damocles over our heads regarding the debt ceiling talks, although it looks like the two sides are coming together? what do you avoid? >> i think there is going to be a rotation out of cyclicals an into tech as we see inflation coming down. that is one part of puzzle. other thing when it comes to tech, it is a stock-pickers market. market of haves and have-nots. one part of it is who you're banking with, are you a large cap company banking with a good

bank, have no financing risk, benefiting from the long-term interest rates dropping then that's good. if you're a small cap company, banking with a regional bank, then you're exposed to refinancing risk. the other thing we're looking is the fundamentals. their margins are expanding margins are they making money in this inflationary environment. liz: exactly. >> we think it's stock-picker's market can you need to look at look at each company one by one. liz: eva ados thank you very much. >> thank you. liz: the balance between the safety picks and of course the contrarian picks. here we go the closing bell rings right now. [closing bell rings] markets close higher, off session highs but the bulls take the win. that will do it for "the claman countdown." of course we'll be right back here tomorrow doing it all again, watching your money. "kudlow" is next. >> ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.