marketing, interviews of the ceos, they make these companies look so desirable. it's not unlike the cigarette industry which proclaimed the health benefits of smoking for decades before they had to settle up for hundreds of billions of dollars. interestingly, the list didn't include one of the most egregious scams of them all, wework. this was valued at $47 billion, then about a year later they said, okay, let's go out at $9 billion. want to take a guess where it's trading right now? how about $130 million. from $9 billion, believe it or not. by the way, the founder got a severance package of $1.7 billion. so, listen, just like this massive shoplifting spree has us all a little frustrated, you should be frustrated by this as well. just my thoughts, liz. liz: well, there's always the board, right? if. charles: it's true. liz: is and i know it wasn't publicly traded when he got that

buyout, but somebody's approving that. charles: you're right. liz: breaking news, stocks are moving higher. just a second ago the dow pushed to a new session high driven by what's going on right now on the senate floor. you're look at live pictures of lawmakers looking to beat the clock. they're at let's call it the final few miles of the debt ceiling deal marathon. the bill did sail through the house last night by a wide margin, and at this hour it is being debated before the vote tonight by the senate. now, we want to prepare you, it's very possible the senate could step on the gas and try to sync up with the house and pass the bill late tonight or in the e wee hours of friday morning, but according to chad pergram,st the also possible this could bleed well into friday, if not consume the entire weekend. either way, we are getting awfully close to the x date of june 5th when the treasury department says the will clean run out of cash to pay its existing debt obligations. and just after noon we got atist

of just how -- taste the of how close. treasury announced it will delay next week's 3-month and 6-month t-bill auctions due to the debt ceiling which remains, listen, we'll call it like we see it, at this hour unresolved. the one look at the vix though, and it kind of appears the markets believe this bill to raise the nation's borrowing limit before running out of money will pass. wall street's fear index at the moment is down 13%. we've got it at 15.59, and that's despite the monthly adp report showing 2 the 78,000 new private sector jobs were created in april. the number well above the 170,000 estimate which normally, listen, it's a good number. we like to see job creation, but that normally in these times might inspire fear that the federal reserve will continue its aggressive rate hike policy stance to cool inflation. why are the markets standing tall with the hay -- if the labor market appears

unflappable? traders jon najarian and phil blancato and star retail stocks analyst stacy is here on which names in the sector are best positioned for patrick harker's less than 1% growth prediction. he, of course, jon najarian, is the philly fed president. he came out and said this year growth will be below is -- 1%. he also said that the unemployment rate, which is currently around 3.5%, will jump to the about 4.4% or possibly higher. he's a voting member, and he said that during the webinar this afternoon. he did also say inflation's high, but, i mean, there are signs, are there not, that things are cooling if not lay are boar market? >> oh, yeah. we've seen disinflation in a number of soft commodities. we've seen that leading into what could be either a mild or a severe recession. a lot of that depends on exactly what people like harker, people that have votes on that committee will do.

liz: what sign in the markets are you seeing? >> well, i've got a number of stocks like foot locker, like advanced auto parts that are telling you that the consumer is tappedded. they just don't have any more money to spend. and/or they've selected where they can spend like chewy. the pet is the last thing they're going to cut back on. chewy exploded ott upside today -- to the upside today, but a lot of the consumer discretionary items are being shoved aside, and people are waiting. liz: yeah. but don't short your little kitties and your doggings. phil, we look at the consumer at the moment, but we also look at the trading atmosphere, and the markets appear to be climbing this wall of worry. >> ten stocks represent the entire return of the s&p 500. you've got to be very care. it's a very narrow market. if something goes wrong, let's assume the fed pushes ooh too hard. now, we haven't had that yet, let's assume we start to see that. let's assume the fed governor's right that we're going to see inflation continue to be high and unemployment spiral to 4.5.

i don't think that happens, but if it does, you're really going to get clobbered in this market. right now the market's doing a good job of climbing the wall of worry. we're going to get past the debt ceiling debate, more of a consensus the fed is going to pause in june, but therein lies september. and where i would agree, the consumer runs out of cash in september. our worst month of the year. circle september, that's our problematic year. liz: but, jon, we're starting to see some cracks in the credit card delinquency numbers, are we not? >> we are. liz: what are you seeing and what does that tell you now versus waiting til september? >> if you hook at credit card clip web says, first of all, anybody paying late is paying at least 24. that's the average. and we're seeing the highest levels in delinquencies now, liz, since 2008. the great financial -- liz: whoa. >> so that should give both the fed and all of us pause as far as we really do need to see a

pause. i agree with neel kashkari, there's nothing wrong with taking a pause in june and then seeing where we are rather than throwing willy-nilly another quarter percent on it. just because you pause in june doesn't mean the fed's done, but it would the certainly be a very positive, optimistic thing for many of us who are worried. liz: folks, the the dow jones industrials is now powering higher, another new session high. we are up 253 points. that's not even the session high that has just been made while we were speaking, phil. again, as we see this green on the screen, is this the relief that the debt ceiling deal is kind of at that final mile? >> remember, you're still in a sideways market. trading so much higher to break out of this this tradings zone. earnings season was not great. service okay. the consumer's contracting, we talk about that, the labor market's contracting a bit in certain sectors. temporary jobs are way down. so if you made a bunch. of money in stocks, take some profits. this is a chance to be a braver person, take your principal if

out, take a little profit -- liz: let's say you own the s&p in a spider or the ivv. do you sell it today because the s&p is having such a good day? at the moment we do have the s&p higher by about 1.5 the % or 50 points. -- 1.25. >> i would say, yeah, ache some profits when the market is speculative. why? i want to pivot to places where i can earn a big dividend. why? they heal volatility, and i think there's plenty the of volatility to come. liz: we just saw advanced auto parts cut its dividend. maybe that's a one-time situation, but i remember what happened at the lockdowns. all these companies either suspended or cut their dividends dramatically. >> buy a quality dividend. buy a costco, or tremendous bottom line. go buy a caterpillar, john deere. i'm not worried about those staple dividends. advanced auto is a potential company. poor management, cash flow for years has been contracting and margins that fell apart when their competitors didn't.

liz: what's your long trade? >> well, i'm really watching right now a lot of the softs, a lot of the commodities and things like that because some of them are down 5-7% -- liz: which ones? >> well, corn, for instance. you've got wheat -- [laughter] as well as operates that are all down. these are breakfast cereal things, things that people have to to the buy all the time. so i would watch those, liz. and i agree with phil that those ten stocks in the s&p, most of them have been buying back their shares with both hands. you've got meta buying back billions, apple, you've also got google buying back billions of dollars of their stock. microsoft buying back -- if that they stop that or at least if they cut back buying at these market highs, where do you think we go then, liz? liz: right. >> that's why i agree with phil, you could see a rocky summer. liz: and i'm looking at match, mtch, up 9.8% because the ceo was doing insider buying. liking the stock at the moment.

phil, jon, thank you very much. folks, we do need to look at dollar general, on track for its worst day ever after discount retailer cut both its sales and profit forecast for the year. shares are diving 8 -- is that 18? 18%. you'd expect it after that kind of news, but the reason is worrisome. customers are curbing their spending. fellow discounters dollar tree, five below, burlington stores are falling in industry. the founder of sw retail advisers, stacy, if the low end is suffering, what do you see for the middle and higher e-end players? >> well, liz, it's so interesting, until now there was always a place to hide out. it was like the lower end is gaining share or luxury's still holding out well, but that is not the case now. now you're hearing the lower end, as you said, dollar general, traffic negative? what happened to the trade-down here? you're hearing discretionary, obviously, best buy talking about recessionary-type behavior

from the consumer. we heard from target, you know? companies are less able to pass on pricing now. companies were raising and raising and passing on because there was a shortage of inventory post-covid. that's not case anymore. so now companies are stuck with a higher cost base and can't push pricing because consumers are pushing back here. you're also hearing a little bit of caution at high end. bloomingdale's turned negative. so nowhere to hide at the moment in retail. liz: what about -- and this is not a place to hide, but victoria's secret? dropping to the an all-time low at this hour, that's a record, i mean, a bleaker outlook, but is that think of an all-time low? >> it is. you know, we have a sell rating on stock, and, you know, they've talked about their core categories being under real pressure here. and, again, it's the all about discounts. these companies now are having to push buy one, get three free,

to get you interested in purchasing anything. so there are certain companies where you're going to see not only revenue if pain, but also margin pain. there are other companies like a tpr that owns coach that have held margins, and they're not discounting. sales aren't great, but the street's giving them a pass on that because it shows that they have product that the consumer wants. foot locker -- liz: well, yeah. as you said in your note about victoria's secret, it's looking as bad as, what, painful as an ill-fitting bra. very appropriate at the moment -- >> i think so. [laughter] liz: where do you find, you say nowhere to the hide, but there's got to be something has the worst planting at least some money because it's gotten to the a certain level that is now arrack i the, i suppose. attractive the, i suppose. >> yes. and i think there's some few, little spots that we heard a little bit of optimism. certainly tjx numbers were outstanding, particularly when you look at what else is going on out there.

also, you know, nordstrom today, while the business was down 10% at rack which is the off-price and full price, they talked about a slight glimmer of light at rack here. and macy's also that guided down huge talked about, you know, some of the areas of strength were beauty and backstage which is their off-price. so i think in this environment you can stick with walmart, you can stick with a off-price, tjx specifically. and, again, you know, some is of these stocks have been so beat down, like a target for so many reasons. so many different headlines. you can start looking at some of these longer term market share winners here. are. liz:st the good to see you, city. thank you very much. and i like your title, store hunter, because you go on the ground, you do that actual granular research are. keep us posted. thank you very much. >> i will. thanks, liz. liz: all right. if tech has outshined retail and just about everything else the past couple of months, nvidia has blinded just about all of

tech with its very shiny performance. shares up 170% year to candidate. as investors -- year to date. as investors pile into the stock, where is nvidia putting its money? these little guys. next, ceo of the company that's nabbed nvidia's investment funds is now expanding its sidewalk delivery robot service with a big partnership announcement. we're about to show you how they're delivering real food courtesy of artificial intelligence. closing bell, 48 minutes away. we are consistently making new highs here. dow is up 2 the 48 points -- 24 the -- 248 points, nasdaq up 201. we are coming right back. ♪ ♪ starting a new chapter can be the most thrilling thing in the world. there's an abundance of reasons to get started. how far we take an idea

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liz: breaking news, take a look at this chart of dell. the shares, after being halted, have is just resume trading. they were halted on reports that the company accidentally leaked first quarter or earnings ahead of time. it's not a report, we can see them on the wires right now. reuters says dell revenue fell for a third straight quarter as demand for desktops and laptop it is cooled following a pandemic rush for work from home commitment. -- equipment. revenue came in at or $20.9 billion, and here's why the stock is up nearly 5% versus the 20.27 billion estimate. so better than expected there. earnings per share coming in at 79 cents per share. the stock had been halted at $45.33, it is now at $46.93 for dell. that, people, is called a fat finger mispunch on earnings. somebody's going to the pay for that, because earnings are supposed to be released either

before or after the bell. there's some cracks that are starting a pie -- to appear in tech artificial intelligence. c3ai is sinking at hour after giving a disappointing outlook. the antisoftware with company now puts revenue estimates between 295-320 million for its 2024 fiscal year. but analysts had called for revenue growth of 19% to 317 million, so closer to that top end. however, the 12% loss that you see right now barely dents the stock's year to date gain of 200%. now, c3's move today directly contrasts with the major boost nvidia's sock got following its jaw-dropping guy dance last week, pushing nvidia to be the first chip company to clamor over the trillion dollar valuation. now, the a.i. hoopla from nvidia has certainly given it a lot of dry powder, money to the make

its own investments. so guess where it's investing? 10 million of their investment pile is going into sidewalk delivery start-up serve. the food deliver thely company -- delivery company uses a.i. robots, a.i. tech in robots, about a hundred of these bots on wheels with cute little eyes. they've been tooling around los angeles since 2019. fleet is being shared with serve's other partners like 7/eleven. you may see a delivery bot rolling out near you because here in a fox business exclusive, the ceo and cofounder of serve is here to the talk about a new big partnership with uber eats. talk to me about this. what will it enable you to do, and how can you ramp up with this new partnership? >> thank you for having me. we've been working with uber for more than a year right now and have been growing our delivery volume 30% month over month for 16 months in a row. we expect this growth is going to continue, we want to bring robots to the more city the, and now we can put 2,000 row bots on

the uber platform across the country. liz: who gets to be the first city after los angeles? >> you know, we are still figuring that out. i hope to have some announcements about that, it could be as soon as the end of this year. liz: what because uber get out of this? i'm thinking they don't have to pay drivers, but there's also another component and that is that it just makes better business sense, perhaps? if you've to got a $4 burrito that you're delivering to somebody and you're using a car, it just seems like a strange thing. but is this more of a final mile, a last mile type of delivery? >> i think, you know, uber also understands what we have been thinking about all along which is moving 2-pound burritos in 2-ton the cars doesn't make a lot of sense. we need to introduce more efficiency into the process. short distance robots can actually complete those deliveries quite effectively. so you need to introduce the them into the fleet to the

increase their efficiency. we're doing more than ever before. we need to make it sustainable, we can make this inexpensive, also avoid adding congestion to cities. liz: tell me about how the beta test e thing in los angeles has been going. how many deliveries have you successfully made, and perhaps -- i know, i can hear our listeners saying, liz, can ask him about how many haven't been able to look at their deliveries because maybe on to noxious people try and do something with the machine, turn it over, maybe take the food who? actually, the robots have a really high completion rate, better than humans actually. we've cone, we've served thousands of households in los angeles now. we deliver for more than 300 restaurants. so this has been really well tested. the technology the has really prove itself. the customers are happy, the merchants are really happy, and that's why uber and us, you know, we signed this deal to scale the operation. liz: okay. let's just say i'm ordering

takeout from craig's on melrose, okay, in los angeles. and i need it to get to beverly hills. i speak from experience. [laughter] i actually wanted to do that at one point. it doesn't go along santa monica boulevard, does it? i mean, where does -- it gets the food and then how does it get into the suburbs from the bigger part of the city? >> right, so we right now on average the delivery for us is about a mile. keep in mind that a median delivery in large cities is 1.3 miles. so you can do half the deliveries in that short distance. and, yes, it does go along san a monica, but on the sidewalk. it crosses the intersections when necessary, it uses a lot of really, really advanced a.i. to understand where cars and people and sidewalks and boundaries are. it can even tell if a car is in collision with a robot and stay out of its space. all of this is done with those nvidia chips and a.i. models. liz: nvidia has made that $10

million investment. i know you've worked with them for several years. where do you see that partnership going? >> you know, nvidia has been a great partner. we've been working with hem for more than five years now. they're at the forefront of their industry, and we are at the forefront of ours. in terms of how to the apply their supercomputers that are in these robots and also how to create the right technology stack so that robotics can be advanced faster. liz: okay. r2 feed you, that's our banner for this -- [laughter] i like it. good luck to you and the team. come to the new jersey. >> will do. thank you so much. liz: mark zuckerberg revealing the company's next generation mix reality headset today. we're going to show you how tech giant is trying to further its quest to dominate the field. that's next. closing bell, 36 minutes away. and, again, we see the dow jones industrials up about 215 points.

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making waves. salesforce, the enterprise software maker reported slowest revenue growth in 13 years? shares are down 4.25%, off the lows of the session though as executives warn of a further slowdown ahead with companies cutting back on spending and on cloud-based software particularly. but analysts were encouraged by the company's push toward, oh, can you guess? a. a.i., artificial intelligence. at least 25 the brokerages raising their price target to boost the median view to $240 a share. right now salesforce is at $213 and change. fellow software maker okta also going south by 17.6% right now because it, too, is seeing a slowdown in client spending. the cybersecurity company beat expectations on the top and bottom line, but management said is macroeconomic pressures are increasing. jpmorgan downgrading the stock to neutral from overweight. okta the, by the way, was one of

the worst performing stocks in 2022, it dropped 70% going into earnings. it had recovered some 33%, but as you see right now the stock is suffering. it stands at $74.86. lucid's stock back pedaling, it's down 16%. the ev maker just announced plans to the raise $3 billion in a stock offering with most of the money coming from saudi arabia's prick investment -- public investment fund which already owns about 60% of the company. the high-end ev maker says it plans to use the proceeds for general corporate purposes. stock is down 60% year-over-year. just days before apple is expected to the reveal its own headset, meta beats it to the punch. the stock topping a 5 2-week high right now, it's up 2.8% to $27 2.13. the social mediaen giant unveiled its vr headset, the 3,

it will ship out with a next generation qualcomm chip set. further details will be released on september 27th during meta's connect conference. i believe apple, whose shares are up about #.33% and hitting a 5 2-week high earlier, has a much more expensive headset that's coming. heir so secretive anyway. senators racing to pass the debt ceiling bill after it cleared the house last night. there you see senator rand a paul of kentucky. -- rand paul of kentucky. he has been one who says he thinks a totally different bill should be put forth. no word on when a final vote takes place, but as the threat of default looms, our capitol hill reporter chad chad pergram has been working his sources to the find out whether the bill will get fast-tracked through the notoriously slow senate procedure. we talk to a policy analyst about which sectors could come out ahead and the ones behind

once the bill is signed into law. that's next. and might this be the answer to spotting cancer before anybody else can or any other test can? the man whose lab is aiming to make a quantum in -- leap in early cancer detection is my new guest on the everybody talks to liz podcast. we are getting ton thes of feedback on. this his lab discovered how to find the deeply-hidden signs in blood that identify cancerous cells well before a human the even begins to form. this new episode is getting a lot of attention, i'd love for you to listen on amazon, spotify, iheart radio, wherever you get your podcasts. closing bell 28 minutes away. i'm checking dell which, of course, had that early by accident release of its earnings. had been up 5%, it's now up 1.8%. we're coming right back.

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think beyond. liz: let us ache you live to the senate floor and what you are seeing here is the debt ceiling battle moved up after passage in the house, as you see rand paul still speaking, republican senator from kentucky. folks, it is the not a done deal yet. any changes to the bill could send is it back to the house, and we already have raw merricks on -- lawmakers on both sides of the aisle calling for amendments to it. so can the senate push this through quickly and get it to the president's desk before america can't pay its bills? because it'll be clean out of cash. fox news' senior congressional correspondent chad pergram in the thick of it all as the clock ticks away. chad. >> reporter: good afternoon. there's a big push to complete this bill tonight in the senate. it will pass, especially after more than 300 house members supported the bill last night. the senate is trying to forge a time agreement to finish up.

>> time is a luxury the senate does not have if we want to prevent default. june 5th is less than four days away. at this point any needless delay or last minute hold-ups would be an unnecessary and even courageous risk. >> reporter: a number of senators have amendments to change the bill, so what the senate customarily does in these situations is give members debate time or a vote on their plan, but hay subject the plan to a 60-vote threshold. that guarantee it is it fails. mike braun of indiana has an amendment himself. >> my amendment will be the next time that we arrive at this point in time, you automatically lift the debt ceiling, and if you don't pass a real bill in 30 days, there's a 1% cut across the board to defense and discretionary and domestic spending. >> reporter: one provision in the bill green lights

construction of the mountain the valley pipeline in virginia and west virginia. it's a sweetener for joe manchin. >> i'm proud that both sides have come together, democrats and republicans, recognizing need for the energy that we have. within six months they'll with -- be putting 2 billion cubic feet. also indirect help for our bases, our military bases. >> reporter: but tim kaine of virginia wants to remove the pipeline from the bill. he says it's unfair that the project can skate around rules imposed for other pipelines. liz? liz: a lot going on. please stay on it, interrupt us, chad, if to you get anything. thank you so much. so if it passes in its current form, what will the debt ceiling deal mean the your portfolio? what are the market plays? let's find out from someone who knows the impact of government policy on wall street very welling having worked for both the house and the senate. mills is raymond james' washington policy analyst. he's joining us now.

okay, ed, from where you stand, do you see this bill making it over the finish line in time? >> absolutely. and, you know, i will go back to to what chad said, is that, you know, there are ways of getting time agreements. i used to talk to them when i was a hill staffer, i follow him on twitter, a great source of information. every indication out there, liz, is that this is going to the pass before the june 5th date. you will probably have an amendment or two but nothing that changes the trajectory of this this going to the president biden's desk. liz: so rand paul is still talking. he does not like this. he was already tweeting a couple of days ago that he feels an entirely different bill should be put forth. he has all kinds of ideas. what ises the chance that senators, whether it's rand paul on the republican side or someone on the democratic side, says, you know what? we want amendments taped. >> the chance is very high, liz,

and i would highlight the notes that we've been sending out at raymond james is that we knew we were going to be the here. these are some of the individuals that we always fear at these moments, but that doesn't change the that jebtly that this -- rah trajectory that this gets done. liz: all right. let's imagine -- [laughter] for all intents and purposes, that it passes in its current form. which sectorses get the tailwind and which ones are look at a headwind? >> yeah. so the sectors that benefit here clearly defense. i know that the defense dollars might not be as much as people had hoped for, but that comes against a concern that we could see cuts. and we probably will see additional spending beyond what's in here if there is a supplemental bill to fund the operations in ukraine or any other geopolitical risk. the other big winner here is energy, both clean energy and legacy. we heard about the mountain valley pipeline. we will get a lot of industrial

stocks benefiting from this. but also clean energy because the environmental changes that are in there are not changing the law, it's just speeding this up. nepa, which gets a new timeline, is probably the biggest law that slows down projects that you've never heard of. liz: i'm looking at some solar stocks. first solar's up 3%. inphase up 4%, so maybe you're right here. we do have some positive moves there. run, up 5.5%. let's talk about who gets the headwinds. >> yeah. so probably the two areas that i hear the most concern about is student loans. the student loans will start many in september once again, first time since march of 2020. that's a $5 billion hit to consumer discretionary spending especially for those with a college degree because those are the ones with student loans. there is some concerns that could be negative to consumer

discretionary, maybe negative to home buyers, to the car purchases, and i think that's probably going to be overblown because there's going to be a new repayment plan. that's part of this. the other concern is liquidity. we have about a trillion dollars of treasuries that need to be issued in the next couple months, that's about 4-5 times the normal amount. so is that a overall concern for the equity market, is that more liquidity coming out of the banking system. liz: yeah. and the treasury department has delayed next week's 3-month and 6-month t-bill auctions because of the indecisiveness here. of there's still an opaque if situation in d.c. ed, good to see you, thank you. >> likewise. liz: we'll be following everything that you say. thank you so much. >> thank you, liz. liz: we are coming right back with charlie gasparino. jpmorgan, jamie dimon if under oath, who's telling the truth? stay tuned. ♪ ♪

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did. charlie, what's the latest? >> this is getting pretty messy inside of jpmorgan from the because they don't believe, not because they're backing away from dimon. we should point out people there are telling me they searched 2000 emails, 5000 total documents and emails and cannot find a connection between dimon and epstein. so they think you know, they think that's a nonstarter however because of the bank's messy dealings with epstein, follow the timeline here, we're talking pre-his arrest in 2008. i think he was arrested in 2006. liz: for? >> for child sex trafficking. they kept their business dealings with them men. he goes to jail in 2009, 2018, 2009 for 13 months. liz: in florida. >> in florida. slap on the wrist. liz: got to leave during the day. >> home release. whole thing.

he comes out, they do business with him again, do it until 2013. put all of that together, by the way, sources are telling me because i've spoken with them, wealth management officials sort in the mid management were warning upper management not to do business with him. this guy is a problem. he just got out of jail for this, for child sex trafficking. then every time they warned someone stepped in upper management to stop them, to stop them, to come to jeffrey epstein's defense. liz: stop the risk guys. >> basically depends who you speak to. you talk to jamie dimon's jess staley is the point man. the minute jest staley left in 2013 jeffrey epstein was out. if you talk to jess staley, he is telling people, guess what? i told jamie dimon, legal department everybody about him. they knew. they were involved in the brouhaha, controversies surrounding this account which was very lucrative. what does it mean for jpmorgan?

i don't think this is a problem for jamie dimon himself. there is no evidence linking him to anything here. by the way he is the ceo. he meets with thousands of people. this is one of 82 million accounts at the company. it is an important account, if was big, he doesn't know. he runs a big investment bank. it is a big thing. liz: he becomes haver inable through his mon i don't knows that allowed this -- minions. >> what is jpmorgan's liability if you're a stockholder? they're being sued by a victim and virgin island government. from what i understand inside the company they will settle with the victim at some point. at some point there will be a settlement based on how messy the details are here. they will fight from what i understand the virgin islands suit. the virgin islands is saying you facilitated his illicit activities, child sex trafficking, led to the second

charge that he killed himself in jail. jpmorgan said, guess where his pedophile island was at, the virgin islands. liz: what are you talking about? >> what are you talking about, you have a lot of connects with him as well? that is where they draw the line. settle with the available timms. do what deutsche bank recently did, settle with the victims. they will not settle with the virgin islands. a whole sordid mess with the nation's biggest bank and best banker. there is talk about him running for president. let's play this out a little bit. he wants to run for president i've been told. he wants to be president. he doesn't want to run for president. liz: who does? it is brutal. >> some people like it. i think donald trump actually likes it. i kind of think desantis likes it. joe biden kind of likes it. back in the day i don't know if he is cognizant to like it. i couldn't help myself, i'm sorry. but in any event --

liz: you're not sorry. >> in any event here is what i would say, if he ran for president this whole trial would be brought up in front of him. this whole thing would be part, this gauntlet of jeffrey epstein and dealings with the banks is something he would have to explain and one of the reasons why he is not running right now from what i understand, he take as lesson from mike bloomberg. mike block beam ran for president a hot minute. spent a billion dollars, got a handful of delegates. remember how he was attacked, snarky remarks he made as ceo of bloomberg, made into me-too sort of thing? his use of stock and frisk while mayor of new york city. people trying to portray him as a racist. this is the type of stuff you have to go through. i don't think jamie wants to deal with that right now. at least for now he ain't running for president no matter how many times bill ackman demands he runs for president. liz: charlie, thank you.

>> anytime. liz: five minutes to the close. dow, s&p nasdaq well into the green but off the highs of the session. we should point out s&p 500, nasdaq positive for the week. the dow not there yet. actually, market this is week, the dow is positive. the s&p is not. the nasdaq is. you know what they say? sell in may and go away? may is done. the dow finished out the month down but s&p and nasdaq closed out may slightly higher here. i wouldn't call 5% slightly for the nasdaq. if history is any indication, that might hold true for june. according to the stock traders almanac, from 1950 to 2022 the s&p rises just .1 on average in june while the dow typically loses .2 of a percent. our "countdown closer" says they're is still places to pile into. some of the best bright spots might have attractive dividend

yields. where should you look? joining me now, 420 billion in assets under management, u.s. bank public market groups, market vp, lisa ericsson. is this i like dividend-payers right now, is that where we're going here? >> we do think dividend-payers are an attractive area of the market right now. if you step back to look what is going on in the economy we continue to have a rougher environment while again we've had some decent economic growth and some decent corporate earnings. certainly the trends have continued to be slowing and we have tendency towards tighter monetary policy and inflation that is coming down but still elevated. in the face of that we believe with potential volatility still yet on the horizon investing in those companies that return more cash flow up front really makes sense. liz: i'm always thinking about utilities as the best dividend-payers. they're also very safe in a

weird kind of atmosphere where today you have patrick harker of the philly fed saying watch out, growth will be less than 1% for the coming future. what else is out there where you say you could buy baskets of these things and still do pretty well? >> absolutely. well, if we look at some sectors, they would be things like utilities to your point, liz, as well as things like consumer staples or health care. really more stable types of companies where because of their more steady eddie earnings growth they are able to maintain those dividends over time and really what we think is most attractive not necessarily the highest dividend yields in the market, but if you start with yields closer to the the s&p or slightly above but yet have very nice dividend growth rates, we think that is a optimal combination. liz: and cash flow always matters, lisa, correct? >> absolutely. getting that income will help buffer the volatility, provide

again a more steady state stream going forward. liz: doled man president waldron said today the firm's equities fixed income revenue down 25%. he said the macro backdrop is extraordinarily challenging. do you see that same i suppose horizon at the moment, this near term it picture? >> we are moderately cautious. as he mentioned we really do have factors that are again making it really just a tougher environment. again besides just the fact that the fed has not yet relinquished on its tightening cycle we have the same picture globally because we've seen inflation elevated across the world. when we track a number of growth indicators, not only in the u.s., but other developed markets as well as emerging markets, we're seeing same trends in terms of slowing economic activity. again there is just not sort of and all-clear in terms of what is going to turn that picture because consumers are facing that same type of difficulty.

>> right. >> again with -- have to pay higher price. so we are more moderately cautious at this point on the economic outlike. liz: good to see you, lisa. and the markets are a little cautious until we get clarity about the debt ceiling bill. it is currently in the thick of senate discussion on the floor. we've got reporters with a hawkeye on every single move there. the markets look to close higher today. we've got the dow up about 144 points. s&p and nasdaq also in the green. tomorrow billionaire investor jeff green, he is huge in real estate. [closing bell rings] what is seeing right now on the commercial real estate horizon? that will do it for "the claman countdown." thanks for joining us. larry kudlow and his team, take it from here. ♪. larry: hello, folks, welcome t