kelis and bill murray. she's about 40, he's about 400. here's the thing, a lot of people react with their stock investments when they hear this sort of general news which can be earth-shattering and sometimes can be a nothing-burger. almost everything i've talked about may turn out to be nothing in the end, but here's the point: make sure as you're investing not to get so influenced by those things. there are macro things like if the government's going to spend a trillion dollars on paving roads, grow buy the stock that's going to do that -- you buy the stock that's going to do that. i tell people all the time try to put your politics aside when it comes to investing, and try to put your other emotions aside because, ultimately, when it comes to the stock market, it's just the xs and os of those companies how well they execute and how well you'll perform in this market. right, liz? liz: absolutely. and this is one of those edge of your seats, final hours of trade because we are awaiting comments from special counsel jack smith

on president trump's indictment on 37 criminal charges related to the alleged willful retension of secret national defense information and corruptly concealing classified government can documents. you see right there the podium. as soon as we hear from the government officials who are expected to outline some of these charges, our own arleigh webster -- who is -- ashley webster, will update us on what exactly is happening. we are keeping a close eye on the market reaction. the dow jones industrials is have crossed the unchanged line multiple times, up 55 points right now. the s&p, whiched yesterday in this hour finally said good-bye to its longest bear market since 1948, is moving up about 10 points. thed broader or index is on pace for its fourth weekly gain. the nasdaq up 50 points, kind of looking like its usual bouncy self-after yesterday's 1% gain. it is up, as we said, just under 50 points, and all it needs to close out the seventh winning

week in a row is a mere 2-point gain. so, obviously, we are already there. while overall u.s. equities look healthy on this friday, the nasdaq up 8% for the quarter, ask we've got s&p showing a 4% jump and the dow jones industrials up about # #.7%. and -- 1.7%. actually, this is all moderated since -- [laughter] the script was written, but there you go with, you see it on your screen, investors could actually be souring on global equities. vanguard's total world stock etf hitting a 52-week high, and ishares has had a very positive 2023. but lipper dropped -- dropped this bombshell, investors withdrew nearly $19 billion from global ec equity funds during the week leading up to june 7th. that is the largest weekly net selling since march 15th. you need to hear what famed international investor mark mobius has to say about where

the cash investors pulled out is going now. the mobius capital founding partner coming up in a fox business exclusive. but back home the load-bearing beams for both the nasdaq and s&p at this hour include netflix, adobe and tesla. netflix and adobe hitting more than 1-year highs this session. netflix up 2.5%, in fact, this gain at the moment means netflix is clocking a 1-year and let's call it 7-month high on an antenna report that new sign-ups have spiked since just may 23rd when the streamer began its crackdown on the 100 million freeloaders out there who were using someone else's password. flip if it over to adobe. it's been on a tear as well, right now it's up -- let's get it over to adobe if we can. there we go. up 4.3 % or $19, a wells fargo

upgrade from equal weight to overweight. analysts think commercial customers will absolutely love fire fly, adobe's new a.i.-generative offering allowing users to turn text into images. and tesla's on top. boy, on track for tesla 11th consecutive gain. with gm coming along for the joyride, joining ford in agreeing to use tesla's ev-charging network a deal that some believe tesla's superchargers could be the industry standard in the u.s. because already they have such a big head start, there are so many of them. at the moment, tesla up 4%. gm if seeing a gain here. and so as tesla hoists much of the market, let's take you to the friday floor show and trader keith fitz-gerald. keith, at moment markets look pretty decent, the dow finally climbing up about 70 points although e the high of the session a gain of 141. they have loved tesla at the top of the s&p and close to the top

of the nasdaq 100. you've loved gm, ford, apple, all 2023 winners. i keep waiting for you to be wrong, keith. [laughter] you have avoided the worst of the s&p sectors like real estate. now that we're in a new bull market,s how is that altering where and how you invest? >> well, you've been very kind, thank you. one of these days i'm going to be horrifically wrong, i just hope it's not tomorrow, liz. [laughter] you know, that comes and goes. here's the thing, i think what we want tock looking at is these big, sweeping themes. many people are focusing on trends, technology, specific things. you can't use a broad brush particularly as we go into a new bull. the situation has changed, you've got to stick with big, quality names like the tesla, the apples, the microsofts, the names at the very top of their game because that's the stuff that's going to attract the money. liz: did you see that over the past 11 sessions that tesla has been on this run? the short sellers have is lost their shirts to the tune of 6.08

billion? just over 11 sessions. >> well, you know, i made the comment, you know, betting against musk is a lot like betting against jobs back in the day. there's going to be a widowmaker if you trite, and i think a lot of people are finding out that i might have been on to something. liz when you look at the sectors and you see what's working, what isn't, real estate, materials, industrials, they've sort of been the laggards. do you look at some of this is and say, okay, let me dip my toe in here? >> well, i do look at it, and i say it's oversold. but the catalyst isn't quite there yet. and the reason i say that is because psychology is what typically drives that kind of catalyst. when your neighbor is at a barbecue with you and that individual swears off retail, that's the time to look at retail stocks. or when your neighbor tells you, you know what? i'm not going to put that deck on my house. the psychology usually shifts at exactly the wrong moment. liz: yeah. you know, the losers today, endphase energy if, docusign,

it's all over the map really. but if you look for a single theme for the second half of the year, what is that? can you put that into a word? >> you bet, defense. liz: really? defensive or defense stocks? >> defensive defense stocks. [laughter] i think the geopolitics are getting really nasty, this news out of cuba and china. the west does not anticipate or understand china's maneuvering, and i think that's going to be a great tailwind, unfortunately, for defense stocks. liz: okay. keith, thank you very much. it's great to have you. we appreciate you joining us. enjoy this relative calm before next week's storm. the june federal are reserve policy meeting begins tuesday with the decision on interest rates set for wednesday. as investors prepare to walk the ticker tight rope ahead of what looks like a pause but could be a hike, the market as usual thinks it has the answer. right now fed funds futures show

72% of the market believes that the fed will pause or skip this rate hike. 27.6% believe it'll be a quarter of a basis point, a quarter of a rate point higher. but the market's been wrong before, let's be clear about that. dennis lockhart was one of the federal reserve rate deciders while serving a 10-year stint as president of the atlanta fed. dennis, you're probably going to be the most popular guest at the cocktail parties this weekend. but before that, you have to tell us and the "countdown" viewers what you believe the fed will announce on wednesday. >> i think the high probability is that they will skip. i don't think it's a, you know, it's so certain that given the cpi print that comes out on tuesday morning there might be, you know, at a late moment a change of sentiment on the committee, but at this point i think they have positioned the

idea of skip through vice chair-designate phillip jefferson enough that that tells me that's the strongesting signal we have. i think they will skip. liz: you think they will skip, but it's not a sure thing you believe, correct? >> well, i think you can make a case for ooh another rate hike -- for another rate hike at this point based on incoming data that we've seen and some assumptions about the cpi data that we'll see on tuesday. so i just don't think it's a clear cut monetary policy decision. and in these kinds of situations, the hardship of chair powell will be -- the leadership of chair powell will be decisive. i think if the committee is actually divided or split, he are express his preference, and everyone will go along. he's considered a strong leader in the fed. is so i do think this is one of those situations where the chair's preference may dictate.

liz: dennis, the chair has been accused by many people of triggering the bank crisis back in martha is swept under -- march that swept underwater silicon valley bank, signature and first republic which had to be rescued, bought by jpmorgan. another rate hike, let's say even a month later in july, does that risk destabilizing the financial sector, at least that portion of it, the regionals? >> i doubt it. you know, the whole banking sector has been aware of a rising rate environment for quite some time. good management has hedged against that risk. you know, i don't think another 25 basis points could possibly trigger a financial crisis of think kind. liz: i'm looking at regionals. on any given day they're like meme stocks lately. some days they are up dramatically, other days like today mixed and, of course, days when they are imploding. and the belief is that a lot of them hold commercial real estate

on their books, more so than the bigger banks. loanses of commercial -- to commercial real estate. what do you foresee for that as many are calling for what could be quite an implosion? >> i don't -- yeah, i think implosion is too strong a word. there's no question that community and regional banks have exposure to commercial real estate in their respective territories, ask that's going to be very challenging in the coming years. but it is going to be a process of taking years for some of these properties to stabilize and for the loans to at least be either stabilize themselves or written down. so, you know, i just don't think it's going to be a fast moving train that's going to be -- it's going to be a slower moving train. liz: well, slow motion train wrecks aren't fun either. dennis, it's good to have you, thank you very much. dennis lockhart. as we said, we would get you

the breaking news as soon as it happened. trump's indictment, former president donald trump's indictment on federal charges, 37 criminal counts represented to classified documents. the department of justice's special counsel jack smith just finished a very brief statement. ashley webster is standing by live outside mar-a-lago. ashley, two things; what did we learn and what's the atmosphere like there? >> reporter: well, the -- let me get to what jack smith said, liz. listen, i was -- i timed it at two and a half minutes. we hadn't heard from him, and when we did, it was short and sweet but very forthright and forceful, i would say. he came out, he said that he invited everyone to read the indictment so they would understand why this case was being brought. he talked about the violation of national security saying that the armed forces protect our shores, and when we put them at risk, it cannot be ignored. he said there is just one set of rules that applies to everyone, and he said we are applying the

laws, investigating the facts, and what that led to was the indictment. he also pledged a speedy trial and said he looks forward to presenting the case. and with that he said, thank you, and walk out of the room, no questions for jack smith. the prosecutors, liz, have to prove that donald trump acted willfully, that he knew what he was doing, that he knew what he was doing was wrong and he tried to deceive investigators. so there you have it. next tuesday the action goes to a federal croom in miami where he -- courtroom in miami where he will have his initial appearance, donald trump, that is, and we'll see where it proceeds from there. jack smith promising a speedy trial. by the way, donald trump just a short while ago describing jack smith as a deranged lunatic. i'll leave it there. back to you, liz. liz: yeah. that's a usual criticism he has for a lot of people, but the indictment details, very sensitive files. >> reporter: yes.

liz: we just saw boxes and boxes of them that purportly are justice department evidence. included in some of it were attack plans, nuclear programs and attack plans that allegedly president trump, at least according to some reports, was sharing with mar-a-lago guests. you're standing there at mar-a-lago. obviously, that has been where president trump has spent most of his time since he left the oval office. the atmosphere are there must be pretty interesting, ashley. >> reporter: it is interesting. we always see groups of pro-donald trump supporters out near the entrance to mar-a-lago, but to be honest with you, we've been down the road as, you know, the has not been a one-off occasion. it's very surreal. if you're a donald trump supporter, you completely believe that he's being, you know, or set apart for a political hit. but there are others that say, look, when you read the indictment, there were many,

many boxes stored all throughout the resort, liz, and the resort has hundreds of members and 150 staff. the concern was, well, how many of those people could actually get access to these boxes. and if you look at some of the pictures where they're stacked on a stage in a ballroom, nuclear documents in boxes stored in a bathroom, this is the case that the department of justice is going to bring. and, of course, how donald trump defends that and what he knew and did he act willfully, which is what prosecutors will try to prove, that is what is going to be very interesting to follow. liz: ashley webster live from mar-a-lago. we are watching the markets too, not think reaction here. we're pretty much if holding the gains that we had at the top of the hour. bitten by the a.i. bug, goldman sachs' head of hedge fund coverage is putting out a note saying, quote, a.i. has taken off like a rocket and drawn all kinds of investors in. this is a simple theme that

retail traders can easily attach to. welsh it's clear a lot of money is flowing into a.i.-related stocks, but do consumers like the product as much as investors do? almost a minute after levi strauss struck a partnership with lala land a.i. which offers ethnic models began the backlash. coming up the founder and ceo of la laland.ai is joining me next on scaling the hesitancy hurdle. we'll get to the heart of what all the outrage was about. the closing bell, 45 minutes away. the dow is up 53 points. nasdaq is the winner right now, up about 37 pointses or a full quarter of a percent. ♪ when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one.

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>> a.i. is the real deal, and it's here to stay, and it's going to be quite impactful, but it's not going to displace a high quality private advisers whose clients look to them for realtime counsel on a day in and day out basis. liz: that's greg fleming telling "countdown" viewers just yesterday e no way will investors risk their money with a machine saying a.i. has no business replacing financial advisers. but what about replacing fashion models? levis strauss back in march got bitter backlash just days after teaming up with lalaland.ai which is a company that generates photo-ale listic, ethnically-diverse can models for marketing companies. this image of a black model sparked outrage with some people condemning levis for hiring artificial and not human black models. but here in a to fox business exclusive to address the outcry

is the founder and ceo of that laland.ai. michael, great to have you. i want our viewers to though something, you created this company because you, as a black man, saw the need for more representation of diversity in the modeling world and in the fashion industry. and yet there was this backlash. tell us exactly first how your company creates these imimagings. images. >> absolutely. so, liz, you've probably shopped online, have you? [laughter] liz: he has never met me. yes, of course i do. [laughter] >> and do you ever receive the models resembling how you look like all the time? liz: i mean, i look is and i see, and i'm more always looking at the clothing, but i, i would concede that i'm not sensitive to something like that as an ethnically-diverse individual might be. >> absolutely. so that's the main reason lalaland are started, is to

supplement traditional photography by enriching the online shopping experience. this just means instead of one model being shown on one product, we enrich that is so you can different, diverse models of different body sizes, different ages. i all the felt that -- always felt that, never being represented while shopping online. and that's the reason that lalaland started, to supplement photography. liz: by the way, what our viewers are seeing on the screen are a.i.-generated models of all different ethnicities. they put out some old navy modeling pictures that were generated by your company. six days later they had to put out a statement apologizing because people were very upset. they said, what, this gives companies a pass not to hire ethnically-diverse human models. what is your answer to that? >> yeah, absolutely not. i think we acknowledge the

feedback, and it's critical to have this nuance in the conversation. of is so our goal has never been to replace traditional photography. in fact, brands are really serious about influence efforts, they should continue hiring real diverse models. i mean, we need real model. you need models that can create genuine connection with different type of consumers, you also need real models that can drive traffic towards web sites. and once you're a web store, what we're trying to do on average just due to the physical process of traditional photography, brands struggle to then showcase more than one or two consistent models. you can think of maybe 20 different models, and what we do is supplement so they can show 2000 different models. i -- 200 different models. i do think the goal is to enrich that initial offering that's already online, and we need real models. we're not at all going to replace them. liz: let me just say though, if i say as a head of a company

give me an irish asian, you know, maybe a quarter indian person because i don't want to take the time or a pay the money to try and hunt for that ask then suddenly you're not paying a photographer, you're not renting the studios. hey, if i'm a company, i'm saying look at all the money i saved, but do you see how it's a little insulting to the actual biracial people who are being replaced by these images? >> as mentioned, it's really critical feedback that we've got and just to make sure that when we are deploying such technology, that it is going to be, yeah, done in a responsible and ethical way. which does mean that we're not enforcing brands to slow down at all with traditional photo shoots. we've also create these new revenue streams. i'll dui you ab example. for the data -- give you an example. we actually license and purchase data so that it trains on the algorithms. so we actually encourage underrepresented groups to -- data with us so we can actually

train these algorithms to show this representation. it's not only the global brands. we also have emerging and new brands, you know, to level the playing field that can't afford to even do a shoot, and then the first time you can have really good models at affordable pricing. liz: $646 per month for companies to sign up for this. listen, i can see many different companies saying i'm going with this. in fact, google has been financing you because they think it's a brilliant idea. we'd like to continue to cover the company's growth and the controversy, michael. please come back, thank you. >> thanks for having me. liz: the company is called la a laland.ai. michael, good to see you. still ahead, fund manager mark mobius, globally renowned, on investment opportunities overseas he a says you've got to be in right now. ♪ ♪ an architectural firm, tending hives of honeybees,

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liz: here we go, we have just 30 minutes before the close of said for the entire week. we've got green on the screen. for the markets we have the dow jones industrials up 73 points, the s&p up 9, the nasdaq better by 38. let's look at target, once again, getting a hit here. citi is taking aim at target at this hour. analysts there hit the rethat tailer with a downgrade -- retailer lowering the stock from buy to neutral. this comes after jpmorgan and key bank also lowered their ratings on target.

shares are down for a third straight session and have been cut in half over the past two years, down 2.6% right now. while target did see significant gains between 2020 and 2022, citi says sales have now peaked and anticipate a slowdown in store traffic going forward. investors are not signing on docusign 's dotted line are despite the e-signature company reporting a double beat in the first quarter. so the stock, look at this intraday picture. it initially surged at the open but has since given back all of those gains. jpmorgan maintained it did raise its price target, rather, from $48 to $50, but look at shares right now. shares are at $57, so that price target's well below it. and they maintain docusign at underweight, so now the stock is losing 2.5%. planet labs is crashing back to earth after forecasting lower than expected earnings for fiscal 2024. we've got planet, pl are, ticker

symbol down 31.5% at this hour. this is an earth imaging company, and it's blaming a challenging macroeconomic environment on what happened here even though first quarter sales came in close to analysts' estimates. this is a $3.36 stock, by thw jy looked like just a few days ago. it's a shot from new jersey at lower manhattan. yellow haze. now, as that haze from the canadian wildfires caused a number of broadway shows including hamilton to be canceled and multiple major league baseball games to reschedule, take a look at the new york city skyline now. significantly clearer as the smog drifts south and away from the tristate area just in time for the 155th belmont stakes. belmont park in belmont, new york, is madison alworth's

location today. you're always somewhere exciting, madison. i would have imagined this would have been dangerous for the jockeys and the horses had that air quality been the same as a couple of days ago. >> reporter: absolutely. i mean, the difference from yesterday to today is huge, liz. yesterday we were in the danger zone where they would have required more testing based off of the air quality for the respiratory system for the horses. we're in a much better spa spot now, so we actually have the next race coming up in just five minutes. the 155th running of the belmont stakes is a go. that race, they start at 7, we're talking about 9 jockeys, 9 horse, the favorite, forte, at 5-2 odds. we've been speaking to different trainers and broadcasters, and we're hearing this could be anyone's race. jenna is a trainer here, she thinks her horse who's coming off of a win, he could take it all. and if he because, she will be the first female trainer to win the belmont stakes. take a listen. >> winning a jewel of the triple crown absolutely would be

considered, you know, the highest of the high that you're going to accomplish in your career. we want to win this thing. and so, yes, we recognize what it means and how big it is. we're going to stay humble. we're going to met this horse do the talking and, hopefully, he's got the loudest voice at the wire. >> reporter: a lot of exciting stuff on the line and a lot of money not just here at the track, but also at home because of online horse betting. nyra bets, that is the official book for the belmont stakes. they are predicting big numbers. the total gambling handled for this weekend, watch. >> the belmont stakes day has always traditionally been a big betting day. last year there was almost $100 million wages. the record we've seen is 1 # 12 million. we're anticipating the possibility of breaking that $112 the million record. we is certainly should go over the $100 million mark, but it's going to be a big day. >> reporter: all right. could be a record-breaking weekend. and you can watch it all

tomorrow on fox for the first time ever, very exciting, coverage starts at 4 p.m. we've been here all day, we have the horse announcer es about to come onto the track so just in time for this report, aisle going to be able to -- i'm going to be the able to watch this race and maybe put a wager in. lots of good horse racing both today and tomorrow to. liz: i love your head gear. it's better than at least at the moment a yankees' baseball cap. [laughter] i said that for marco, my floor crew's benefit. he loves the yankees. i just have to razz him. madison, thank you very much. while money has been flowing out of most international stocks, investors are staying in or betting big on specific emerging markets. $10.4 billion during just the month of may, to be exact. the institute of international finance reporting that emerging markets have seen five con sec -- consecutive months of positive foreign investor cash flows even amid three months of

outflows in chinese bonds. coming up, i'm going to find out for you where you should be placing your investments overseas with emerging markets fund manager and famed wall street king mark mobius. he's here in studio. thank you, i'm so excite to talk to mark. he's coming up in just a minute. you not miss what he has -- cannot miss what he has to say. dow is holding on to gains, up about 75 points. and for those of you who are listening on xm satellite 113, so glad you're driving carefully but listening to us as well. let me tell you, the nasdaq's up 38 points. stay tuned, we're coming right back. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does.

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it latest producer price inflation report that came out overnight saw that prices dropped 4.6% in may compared to a year ago. that is the weak reading since 2016 -- weakest reading since 2016 and comes on the heels of weakening export and manufacturing data as well. now, china's central bank says it's still optimistic about gdp in the second quarter and actually reaffirmed its target goal of 5% economic growth this year, but is that all smoke and mirrors? and what does it mean for investors who are either interested in investing in chinese stocks which right now we've to got a mixed picture here with some of the biggest names, or should they stay away, far away? let's bring in mark mobius. he's the -- he is the guy i rue of emerging markets, more than 30 years of experience -- >> sorry to the say. [laughter] liz: you started in utero. [laughter] so much experience, and i believe you've traveled millions and millions of miles just, you know, over your life are span.

but recently you've been in delhi, long island, all over the place. [laughter] >> correct. i'm i'm heading to hong kong. liz: okay. head dog hong kong. do you think it's remotely possible as china sees dropping demand and dropping prices that it can hit 5% growth? >> no way. i just don't see 5% growth. it just doesn't seem possible. because all of these things you mentioned, and let's remember another factor that a lot of people don't notice is the population in china is not a billion. it's more like 900 million or 850 million. so that's another factor, you know, shrinking population, aging population. so i don't think they can reach that 5% growth rate. liz: well, you've also had some recent issues -- i don't mean to out your financial dealings or anything, but you were trying to pull money out of your hsbc accounts that were in china, ask you had an odd and somewhat worrisome experience. can you talk about that?

and what that may triangulate to and what it might really mean for the situation financially in that country. >> well, what happened is that, you know, i wanted to get money out of that account, and they gave me a list of six things to do, and one of them was you've got to find the record of where this money came from. and it came from the sale of an apartment i made six, seven years before the account was opened, so it was just crazy. very difficult to get this information. so once the news broke, then hsbc got on the stick and they decided, okay, we're going to work with you to solve this problem. liz: but do you see it as the chinese government trying to prevent capital flight? >> there's no question. the chinese government does not want to see an exit of dollars, number one. but if you're a registered investor and, by the way, my account was a personal account, not a company account. with my company account, fund account, that's registered and we can get the money out when we want to. so the chinese are correct in

stating that there really is not a restriction unless you can meet -- you can't meet the requirements that they have. liz: well, i'm blessing you're saying don't -- guessing you're saying don't invest this china. where to invest, mark? >> i'm not saying not to invest this china now, there may be some opportunities, but the big opportunities are in india. india is the place because they're growing at 7%, that's legitimate growth, and they have 1.2 billion people, and they're moving very quickly into the digital age. so i would say inya's at the top of -- india's at the top of our list and taiwan and korea. those are the three that we are really bullish on. liz: well, obviously, technology is burgeoning in both korea and taiwan, but all of these threat overhangs of china and it aggression are also casting quite a shadow, are they not, over those two markets? >> yes, of course. and there's always the fear of a hot war in the taiwan straits,

but i don't see that happening. i think we're now more into a cyber war. there's a lot of things happening on the internet with hacking into information flows and so forth, and that's really what we have to worry about going forward. liz: we have been showing etfs where people can buy baskets of taiwanese-based stocks, baskets of south korean and, of course, indian stocks, but is that really the best way to be investing in these countries? >> not our view. we think we've got to go in there and pick the right stocks because the etf is the index. it's okay for india because if you look at the india index, it's outperformed the u.s. index. so not bad -- liz: give me your favorite indian stock right now. >> we're in the medium and small cap stocks, so we're in software companies, for example, we're in medical, we're in hardware, tubes and piping, apl apollo is one of our stocks, metropolis

which does medical testing, persistent systems is another one which is doing software. india's fantastic. there's so many opportunities. they're smart people, big market is and lots of opportunities. liz: i really appreciate you wearing a jacket that matches hi light blue set. thank you. [laughter] >> thank you. liz: and tie. it's perfect. >> it's amazing, the comments i get on this suit are amazing. all the time, people comment on this suit, so i can't wear anything else now. [laughter] liz: well, it's perfect for my natural habitat here at fox business. good to see you, mark, thank you. mark mobius. all right, the securities and exchange commission doubling down on its crypto crackdown. how that's affecting retail stock trading app robinhood. that story is coming up. with the dow jones industrials up 61 points and just about 13 or 12 minutes left to trade, "the claman countdown" is coming right back on this friday. ♪

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liz: cryptocurrencys endured a

wild week that saw the securities and exchange commission when people can't get their money out. >> it signals access to all us dollars. that means they won't be able to offer any of their services in the u.s. it's extremely aggressive and intimidating. the salute filed by the sec say

they were misusing customer funds and sending the money to its own hedge fund and lying to regulators. they have asked to freed assets belonging to u.s. customers. enforcement regulation is only tightening. that's why rob yi -- robinhood k preemptive action. and you have until june 27 to move them elsewhere or we'll sell and liquidate them for you. these are the main three crypto turn is named in the case against coin base. which now the sec considers to

be securities, coin base said they tried to register properly with the sec and they question why did they ok the filing. crypto may not be welcome here stateside. liz: when you interviews cz, bitcoin was $16,000 and change. it's now at $26,000. it's hard for people to stay why wouldn't i go in there when i could make that kind of move. >> it trades like a nasdaq tech stock. liz: robin hood is up 18% year to date. closing bell ringing in four minutes. all the major indices seeing

gains for the week. the nasdaq is on track to clock its longest weekly winning streak in nearly four years. nvidia, having an electric performance this year. it's up nearly 1 70% year to date. sort of a tiny bit of a cherry on top. for the investor who is still trying to get in at this elevated price but isn't sure about nvidia's p.e. ratio of 200, our countdown closer says he has a better way to play this sector at a much less expensive price point. joining me, a sean o'hara. what is your play? >> thanks for having me, liz. i personally own nvidia. but asml is a specialty machine

producers. they manufacture the machines that manufacture the ultimate comips. their technology allows the chip makers to make more powerful and faster chips. wherever the chip makers go, i think asal will go with them. for a differentiated way to play ai, look at the data centers. ai and all these disruptive and innovative technologies cannot work without the

you have sort of a tail wind, if you will. you have growth. and there is going to be more and more and more demand for space in these data centers. liz: sean, asml i have been looking closely as one of the few chip equipment makers. you compare the nvidia to asml and it certainly looks better. for the broader market next wednesday we'll know the latest decision bit federal reserve on interest rates. many say pause, many say skip. what are you anticipating?

>> i'm going to take the other side of it. i don't think they think they are finished doing the job, i think they have been resilient in their approach continuing to raise interest rates. even though i may personally disagree and the damage that's been done will take time to show itself. for those waiting for a reversal back down to cheap money, i don't see it in the cards. i don't see enough of a pickup in unemployment. and i think the inflation number remains stubbornly resilient. liz: thank you, my friend. the p.e.i. consumer inflation out next week before the fed meeting. i will see you monday. [♪♪] larry: welcome to "kudlow,