selling, genesis has one that saul 18 electric whips, even tesla haven't sli slashing pric, the only way to meet outrageous targets is to make it a pain in the gas to drive an internal combustion engine car the administration has plans on the board epa is going to change the tailpipe rules and all gimmicks it's going to force you to get an tradition your gas powered car. indian mounds of unsold cars, i don't know what we get to do lithium batteries strip mine the entire planet in the economy and economic toll will be crazy mark my words the worst economic boondoggle ever as he handed over to cheryl casone. >> i'm writing pain and the gas down. >> isolate from neil cavuto. i'm stealing the show too. good to see you at fox market alert markets are relatively flat, the dow is up the most 187

points, the s&p is up by eight points, nasdaq at 23 and change. a quiet market, the calm before the storm as investors look ahead to key data coming out this week things are really going to kick off wednesday ready to get june cpi on thursday we're going to get ppi and initial jobless claims in friday consumer sentiment along with the big kickoff fresh earnings because here comes the banks, goldman sachs expecting four key themes for the early-season margarines, credit, a.i. and the status on spending based on results from the consumer discretionary in the staple sectors. the first companies report will not be in the sectors because bank is taking center stage masters friday morning the world's largest asset manager blackrock will be out before the bell and analysts expecting straight quarter of earning declines as the fed expects to raise the rates. is there a trade to play in the

current earnings environment picture let's bring in one of blackrock very own of the i shares investment strategy, it is so good to see you. i have so many questions for you. >> so great to be here. >> you give a great summary of the first half of 2023 and then you say were looking ahead. you're not sure that we can avoid a recession or a downturn but it's going to be somewhere in the middle you say. >> exactly in the midyear outlook one of the things we point out so far the economy has been much more resilient than we had initially expected it to be obviously the consumer you are talking about the earlier has been resilient in the job market as we saw on friday moderating a little bit of a very strong. on the flipside we had the 500 basis points rate hikes that have taken place with more to come. where is the lad going to come

through pre-discomfort and manufacturing already is there more to come we can agree a recession idea or a slowing idea has been pushed out and is not going to come in the next month or the next couple of months but hasn't been forgotten is it a recession delay or a recession dismissed as we're going to figure out and that's what we spend a little bit of time talking about. >> the midyear outlook is very thorough in detail and encourages our viewers to read it one interesting point in the outlook you talk about cpi and the feds headline and you say they are two times ahead of the feds inflation rate of 2% true that you're looking at the headline cpi number that is on wednesday. is that going to change your positioning if we get something hotter or weaker than expected. >> one data point, no but if we begin to see every acceleration of inflation then that might

change how we think about the second half of the year were going into 2024 but right now what we seen and continue to expect to see in wednesday's data is a moderation on headline as well as the important measure that chair powell has been looking at which is looking at inflation exit housing that's been moderating which is good news for the fed and allows them to stay higher for longer but not continue to raise rates in the same way that they did in the half of last of 22. still moderating but i think to your question what makes us change our minds, number one if inflation falls a lot quicker than expected that is on nobody's forecast everyone expects inflation to remain sticky as do we but if it falls faster than markets are expecting that changes our view but the second one more likely

outcome do we expect to see sticky inflation. we do expect services to remain sticky but what if goods inflation which is been moderating picks up and that's when we'll be compelled what that means for 2024 or even the last quarter. cheryl: if you see a change in energy or a change in food inflation which is very volatile over this year i see what you're saying it investment change, the three-piece, i think there is a commercial, said poss, corporate possibility portfolio construction let's get into the construction what do you say so many investors are going to cash we've seen trillions go to money market and cash etf's and fixed income etf that we've ever seen in history people were so nervous about 2023. you say look at high-quality fixed income use a high-quality fixed income is where we should put money now give me examples

of that. >> to your point there's been a gravitation towards cash we sold all this year it makes sense given performance and asset classes of 2022 but if we continue to see that you could be missing out on some performance that we seen this year. where should investors take advantage of the interesting coupon levels in years levels and bonds are back is a diversified as an income generator. where should you go think about something as simple but so important as bloomberg barclays which gives you six years of interest rates but close to 5% 4.9. cheryl: as an agriculture. sometimes you hear something else. >> it is the sticker that will give you the exposure to high-quality treasury corporate investment grade credit and mortgages it is the blue book

barclays composite for high-quality fixed income. definitely think about that owning inflation bonds as well again and the huge rise that we seen in rates our view remains that inflation is higher than the feds expected inflation of 2%. it's going to come down but not to the level of 2% of the fed expects it to come down to. cheryl: silver? that's a fair question. to expect us to go back down to the pre-pandemic level of 1.8 - 2 of cpi over the next two or three years i think it's going to be difficult, you can't say never but i think it would be harder with so many companies and individuals making different decisions. if you think about re-shorting, friend shorting especially after the supply chain issues that we seen that is one big reason that

inflation can stay elevated for the good thing about demographics that was a country aging and what it means for healthcare consumption. could hope. can ics going back to 1.9% cpi help. over the next ten to 15 years, two or three hard to see but today's 5% level, know for sure. cheryl: one thing that stopped us in our tracks as far as calling for a second recession in the second half of the hear his employment. he meant to the demographics there's a great piece about the attainment entry changing demographics of how gen x is the ceo running the show and corporations in their own way in their own style. my point being there are less of gen x in the following generation the baby boomers are now aging out of the workforce completely and that means the labor force is shrinking, that tells me that the labor force is going to stay tight and that is not good to change anytime soon and birth rates are lower.

>> the last month when you look at the date of the surprising picture if you look at the prime age participation, 25 - 54 years old that is actually coming back a meaningful way participants back to all-time highs overall prime age participation highest in 21 years if you look at the labor market as a whole obviously people older than 54, that's with the participation rate is declining and that's why for these demographic reasons the labor market remains and we can have a soda that has of labor market that remains quite good. right after the crisis we had the jobless recovery. now we can have a job slow down so jobs can remain plentiful but you can see pockets of slowdown in the manufacturing sector. again this assumes investors to the quality allocations both in their fixed income.

right before the segment was over, high-quality fixed income but high-quality companies, equities as well we really look for the dividend paying i don't want to say mega caps but big caps. >> does the companies that are able to have profitability the companies that are actually able to have low leverage for longer rates environment, the leverage really matters and as we find out one of the piece that you refer to the profitability the margin that were going to find out in this earnings season is going to be really important, quality companies could be dividend paying and they could be quality companies like q you al they give you the obligation to the very profitable low level high cash flowing companies. >> is not very often i see her and take notes for myself as well as our viewers and i did both in the segment. it's great to have you here, thank you so much for coming and. we appreciate your time, we have a lot more coming up, med tech,

the company massacre is releasing the smartwatch as investors keep a close eye on international trade commission decision this month in the legal battle between maximo and apple over the tech used in the apple watch. we have billionaire ceo joe kiyanna coming up next, "the claman countdown" coming up next. ♪ (phone typing) (message sound) (message sound) ♪ ♪ shut it down ♪ ♪ blackpink in your area ♪ ♪ shut it down ♪ ♪ what-what-what-what? ♪ ♪

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cheryl: med tech company maximo haslip 15% over the past three months after u.s. judge ruled a mistrial. maximo trade secret against apple jurors field to richard

new numinous decision they claim the tech giant misuse confidential information from the smartwatch is in the apple watch, but the international trade commission is reviewing an earlier decision from a judge that found the tech giant infringed on two of maximo split into patent claims if the agency sides of maximo could result in import ban of certain apple watches, joining me on a fox business exclusive is a maximum founder and chairman jokey outing, great to have you here. along battle for you and the company with apple. you are spending millions i think $60 million on legal fees, how important is it to the success of the company for you to win in your fight against apple and tell tell us what you're fighting for. >> were competing with the biggest company of the world and to be in litigation with the biggest company in the world is not something that you look forward to but masimo has been about innovation in the noninvasive monitoring space.

if we cannot defend ourselves and protect our ip then we will be pushed out of the market. cheryl: it is pulse ox, that's where this started you are more of a medical care company, this is 2013 i believe with this began you met with apple and they were developing the apple watch they met with more than 60 companies, instead of buying you you say they stole your technology. >> that's correct we invented the modern day we monitor $200 million a year in hospitals and we were working on trinket the product so we can make it available to consumers like this guy and in 2013 apple called us and said you guys are the platinum of noninvasive monitoring we want to work with you and sign your nda. i was excited i flew up there i had a three or four hour meeting and instead of doing what they said to work with us they started recruiting a people, 20 plus engineers and cmo were recruited. cheryl: you could say stolen.

>> yes, weirdly were in the 90th percentile and some cases they were doubling their income just to get them over, the keyword in the trade secret loss that came out was project everest and they basically decided were the best company, they wanted to acquire us but tim cook said no so they wanted smart recruiting to take all of our people. cheryl: you have this in an e-mail, this is the discovery process. cheryl: there's so much to go with the company, i want to move on with what's happening with the board, you did this acquisition, shareholders the stock had a negative reaction and next thing you politic coming in and their inactive shareholder now they have two seats on your board, how is that going? let's say you could be as polite as you want or impolite. >> at this point we have nothing but to hope for the best, we

were worried about their intentions we thought they were aligned with apple the way that they came in and they sued us within 24 hours of each other. but at this point we will see, i'm hoping they want what's best for masimo if that's the case it'll be fine. >> it seems that they support your case in the battle with apple that the step in the right direction let's talk about new technology. i want to get to some things, before you were working with hospitals now you're getting more consumer focus in the business, let's talk about this, this is a monitor, i will hold this up. >> this is wearable developed it to the patient or the person can walk without being connected to anything, before this everything was headed to a big monitor. this is made for patients taking opioids at home we discussed fda approval. 100,000 people died of overdose, fentanyl if they were this it will wake them and if it does it'll send alarm to the ambulance with their location to rescue them.

cheryl: this is a baby monitor and this device when you take your child home and hopefully something goes wrong with them you will get another on your phone or the devices at home and josie was going on with your baby. cheryl: how much will these be. >> both measure oxygen, pulse rate and this measures the baby's temperature. cheryl: how much. >> 250 - $400 depending on the model and this is about 202 injured and 50. cheryl: let's call it that we would monitor. real quick before i let you go, the smartwatch market this is a 33 billion-dollar market but also saturated. i'm wearing a garment onset apple watch is a very popular is that something you can see yourself going into the consumer market questioning. >> absolutely. the reason we bought united for a billion dollars is to have 500 sales and marketing people, 20000 the distribution and the consumer space. we had a serious problem under

problem with people with serious illness if you have a chronic illness you can have a continuous hydration monitor, there is nothing else like it and we think it help save the world and reduce the cost. cheryl: that is the thing about the legal fight with apple whether it's international trade commission which is separate from the lawsuit that you have going on with them, pulse ox during the pandemic and covid became crucial and lifesaving, people were able to monitor insane e-marketing of oxygen and if they thought they had covid it was to the er. speak to that because lives were saved because of the technology. >> pulse ox became a household name if your oxygen was less than 92% unido critical care. now you have a way to do it tether thusly and what came up in the trade secret lawsuit with apple, they knew the device was not good enough and they would not seek fda clearance but they

called it the chaos of covid they wanted to introduce with their watch because they thought they would give market share away from it. they monitor twice a day on 30% of the people, we monitor 70000 times plus a day because were continuous and we can catch these problems in were very accurate. cheryl: garmin masimo could be next, you never know. joe kiani thank you for being here please keep us posted and come back to the show as the lawsuit progresses or the decision from the international decision. cheryl: next week, lot happening for you. joe kiani thank you very much, good to see you. we have a lot more coming up, speaking of activist investors, shares of icahn enterprises surging after billionaire paul icahn makes a move to untie his personal loans. we are going to have details on that story coming up. take a look at the market the dow is down i'm sorry up 173, it is a monday. the dow was up 173 the s&p is up

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cheryl: a fox business alert take a look at the markets, we have green across the board on this monday the dow is higher by 169 s&p higher by four and nasdaq is higher than a little more than three points, taking a look at kava jumping higher

after analyst initiate a coverage with a buy rating for the banks including j.p. morgan in william blair and volvo the mediterranean restaurant ipo that happened on june 15 and gave it a buy rating or equivalent, blair believes that it has a winning formula with a customizable menu of bulls and pitas the mediterranean restaurant accelerated when it acquired zoe's kitchen back in 2018, the stock is up more than 10%. soaring higher after first-quarter earnings and revenue that beat analyst estimates, the maker of health and beauty products for companies like brawn and vicks is on pace for the highest close since august 26 since 2002, that stock lower than 70%. we always have to look at nvidia it's a stock of the year it is lower by just 1% goldman sachs reiterated its buy rating on the

stock the investment bank also raising his price target on the technology from 442495 the a the boom has persist up 190% this year and goldman sachs believes there are more gains to be had. take a look at meta vostok and she can see on your screen is fractionally higher, this after the new threads at launch less than a week ago. it has 100 million downloads. however, much like tiktok people are not concerned by their data being shared by third-party servers, some of which may be in china joining me in the fine point of the threads user agreement ms. kelly o'grady live from los angeles. we are all likely guilty of clicking except without reading the terms of service and my right but threads is unique because you are agreeing to your data being shared with other platforms in the future. buried in the terms of service

as a pledge to make threads part of what they're calling the federal verse and that's a decentralized network of servers that allows social networks to communicate with each other, basically a threads user would interact with the macedon user seamlessly in this world the upside you can get rid of the current sideload social media experience that we are all locked-in. here's what concerned me in the terms of service, it says please be aware you are directing us to deliver your information to services not controlled by meta trade information sent to third parties is no longer in that is controlled and subject to the terms and policies of those third-party services. it predictably vague on what data gets shared but once the data is out there, users may not be able to delete it because the platform could have different policies for meta and worse platforms could have servers outside of the u.s. like tiktok, industry experts worry that threads could share user data with platforms that have servers in china or russia and the

government have complete control. >> it is to prevent the ccp from going out there directly and creating a metaverse content service if there is no rules about who can and can't join that is a problem because we will see government entities doing it as a way to monitor their citizens. >> we reached out to meta to inquire if they have plans to vet platforms that shares you the data they don't have servers in china but we received no response, the moral of the story think twice before clicking except on the terms of service. cheryl: which nobody reads to your point. nobody reads those. kelly o'grady live in los angeles. thank you so much, let's take a look at this one, the story does not end, bud light which held the top spot as the most sold

beer in the first four months of 2023 has been majorly dethroned, up next we talked to a former executive in the parent company anheuser-busch about backlash over a social media promotion with a transgender influencer. we'll be right back. ♪ i'm saving with liberty mutual, mom. they customize your car insurance so you only pay for what you need. you could save $700 dollars just by switching. ooooh, let me put a reminder on my phone. on the top of the pile! oh. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. ♪ (upbeat music) ♪ ( ♪ ) ( ♪ ) ( ♪ )

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do you ever worry we'll live forever? no, it's literally never crossed my mind. what if we live to like 100? that's 35 years of being retired. i don't want to outlive our money. and i have been eating all these stupid chia seeds! i could totally live to be 100! why do i keep taking such good care of my-

since we started working with empower, we're able to get all our financial questions answered, so we don't have to worry. so you never- no. never. join 17 million people and take control of your financial future to empower what's next. start today at empower.com cheryl: bud light spears stein is fizzing out fast. sales a bud light fell 28% year-over-year ending july 1. meanwhile constellation brands on modell's sales rose 8.5% during that time that marks the second consecutive month that modelo has overcome bud light which was the number one selling beer for all of 2022 in the first four months of this year. it all changed in the spring, parent company anheuser-busch

down about 60% since april when the company do the brand partnership with transgender influencer dylan mulvaney, former anheuser-busch president of operations joins us now. it is great to have you on the program. >> thank you for having me. it is cheryl casone imm for list today. i had to double check the numbers on the amount of market value that anheuser has lost. 23.32 billion that is the hit from the peak on march 31. a 70 that work for the company how shocked at the financial hit that the company has taken. >> i'm shocked about the financial hit, i think even more shocked about the lack of clear response that the current ceo has delivered during this crisis. he had three chances, most recently in the leak leading up to july 4 the number one but beer selling week typically response to get customers back,

cbs was the campaign a mistake, would you do it again, this is a softball question you should've knocked it out of the park, of course this is a mistake we wouldn't do it again we lost billions of dollars, granted down about 30% of the sudden putting a lot of suppliers at risk and laying off hundreds of people's for jobs and more employees at risk if we don't find the ceo who can somehow address the situation and get the customers back that were loyal to bud light and move the committee forward. cheryl: you're talking about anheuser-busch ceo brandon wentworth, you are saying he should be fired there's a lot of people that agree with you at this point, probably shareholders will lead the list but who replaces him you have to have somebody that will come in with specific experience in the beverage market someone that knows the consumer someone that is also basically able to turn around the titanic at this point. >> you're absolutely right it's going to have to be somebody that comes in with a clear vision for the company and a clear vision for the brand

coming in and saying bud light was a was a brand that did not get involved in political issues before it was a largest brand in the u.s. because it was apolitical, it was always about sports and music in bringing people together that's why it was a mistake that they did this campaign in the first place, they were unable to come out and this is dylan mulvaney's words the worst thing is hiring somebody and not being able to stand by them that is worse than not hiring somebody at all therefore this campaign was a mistake, they will not be doing campaigns like this forward we will get back and bring everybody together and that will protect the jobs it anheuser-busch and wholesalers and get the company in the right direction. cheryl: you mentioned the latest posting from dylan mulvaney. i want to show our viewers exactly what you're talking about and get your reaction on the other side. >> what transpired from the video was more bullying and trans phobia than i could've ever imagined and i was waiting

for the brand to reach out to be but they never did. for months i've been scared to leave my house. i've been ridiculed in public, i been followed and i felt the loneliness that i wouldn't wish on anyone for a company to hire a trans person and not publicly stand by them is worse in my opinion than not hiring a trans person at all. cheryl: she says the company and banded her. >> it's sad the company did abandon her. if you going to be doing partnerships with people that are controversial then you need to be able to stand by them and articulate with your customers may be bud light is moving to the different direction of the brand maybe it's good to be a brand at ben & jerry's there very clear on their website that they support like defend the police initiative, they try to overturn election integrity laws they recently said the u.s. should get back land to the native americans who allegedly were mount rushmore's house, ben & jerry's at least they are

clear that's never been part of bud light social brand or mission that's what has customers upset, they were never involved in the controversy before and if i think about what they need to be doing moving forward let's be clear ben & jerry's or you can harden back to what bud light always was which is great beer rate to drink at football games and didn't necessarily become part of the debate but the beer itself is not part of the debate. cheryl: two things in a second i want to get back to bud light they are trying i'm not sure it's working. you mentioned obviously were talking about ben & jerry's but what happened to target during pride month and adidas, time and time again, nike, time and time again these companies decide they want to grab onto a social issue. there are some analysts and ceos that believe brands should weigh in on social issues and be a part of the culture of the country in the fabric of the country. there are others as get back to

shareholders who say sell good beer, make a good swimming suit, make a good product but don't lecture me on whatever political bandwagon you decided to jump on this month. why are ceos not getting that? >> i left anheuser-busch to cofounder accompany called stride is committed to shareholder capitalism and shareholder privacy because we believe the sustainable thing that a company can do is focus on his customers, deliver great products and services and they can grow their customer base and hire more employees and therefore they can get more money back to the shareholder that is a sustainable thing that a company can do. that's been lost over the last four or five years if you have other large asset managers black rock, vanguard, they've imported stakeholder capitalism to the u.s. it's been around in europe for a long time but it says that companies are not supposed to make a profit but abide by all

stakeholders political activist and government organization, politicians, et cetera. we as an organization reject that we think is bad for business as we seen billions of dollars can be erased when companies get involved in culture wars or culture issues and secondly is bad for democracy as well. now you have large asset managers and ceos of companies that are trying to make political statements every contested issue whether related to defend the police initiative election integrity laws, transgender related to biological men and compete on sports as biological women we could get better for individual citizens to be able to find out what the laws are and go through elections and that have a small group of stakeholders so to speak to adjudicate this that's the reason i left anheuser-busch to do shareholder privacy which we think is right for business invite for democracy. cheryl: thank you for weighing in on this and giving us your expertise, we really appreciate it. >> and q. cheryl: a helicopter pilot

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cheryl: shares of icahn enterprises soaring as you can see up 20% activist investor restructuring 3.7 billion and loans to ease pressure on the stock following an attack made by short seller hindenburg research, charlie gasparino is here. we have an interesting scoop, he declined to comment and i reached out to one of his associates at icahn enterprises down in florida, now he's in new york city and they're not talking they are in a quiet. right now just so you know earnings are coming up for iep but here's what we know from people who know karl as best i can put it. i believe my sources are good, he is not done seeking revenge now that he is this out-of-the-way and restored as

he would put it normalcy to the stock he thinks it was unfairly attack there was a lot of stuff that hindenburg said that was not backed up by facts about how he runs his operation. he is not done in seeking revenge out of his revenge the stock is up 20% and still office highs the trade is off before all this stuff happen is coming up on her back and i'll get back to why it could be even more what these people are telling me he is weighing a lawsuit against him, it would not be the first one, he's been sued in the past it obviously does not stop him from doing these research reports and obviously their shortselling that goes on around it, hindenburg doesn't and others people by the research presumably and uses for their short thesis. from my understanding his people are scouring the reports to

finding accuracies and potential lawsuit because they believe he unfairly hurt shareholders and the shareholders that sold out at 18 think he was going out of business a lot of rough language in the hindenburg report got crushed now that is at 35 they believe there could be something there i'm not saying he's definitely going to sue i put a call in and they got back to us. cheryl: you reach out to the icon today and no response. >> no response from him. >> you have a good relationship, you have them on fox business. he is in a quiet. he cannot say a lot right now, we know how we operate, and interesting thing about he restructuring his operations, there could be margin calls on his stock the way he used to be

restructuring people got scared and thought what he was holding was declining and there's not much there kinda what hindenburg was saying. but now you cannot get a margin call on the stock price i understand on the nav. it is interesting karl knows this because it's a corporate reader who dealt in the 1980s with poison pills and the things that prevented you. cheryl: he's not somebody i would mess with. he created a weird like poison pill, you can only enact, stop screaming in my ear, i would get this out, i want to enact in margin call if the nav of his fund that the underlying security stock goes down a certain way not the iep.

this summer airlines have been underfire for a shortage of pilots. but they're not the only ones facing shortage in the sky. helicopter shortage plagued health care in rural america. joining us alicia acuna live from denver. good to see you. >> reporter: good to see you as well, this is multilayered problem that will not be easily solved, for those living outside of big cities the situation is especially dire. in garden city, kansas, air am plans pilot rodney baker is one of a distinct killing number in his field, highly specialized providers who bridge the life-saving gap between rural america and emergency health care. >> we have a golden hour, that is the standard in ems, that that patient needs to be at a level-one trauma center or trauma physician within that hour to increase their survivability. >> reporter: flying icu bases are located all over the country

but last year air methods, corp, the nation's largest provider shut down self, citing inflation, underreimbursement by medicare and federal regulations and the pilot shortage isn't helping. >> these are certainly hard times for our industry and our ability to serve the community that we serve across the country >> reporter: according to the american college of surgeons one in four americans live more than an hour's drive away from a potentially life-saving trauma center. >> without that possibility i probably wouldn't be here today. >> reporter: in 2019, sean's skull was crashed working inside of a wind turbined in kansas. he needed brain surgery which was devastating 2 1/2 hour drive away in wichita. >> where i was a lifted took only 50 minutes to an hour to get to wichita to have the surgery. >> reporter: one study by boeing in 15 years the world will face a shortage of helicopter pilots.

becoming one is expensive. training, education costs up to $170,000. entry level pay is around 60 grand. >> frankly from a financial aspect the airlines are outcompeting us on salaries. >> reporter: even with lucrative signing bonuses in the tens of thousands of dollars, air am plans companies still need to convince young pilots to live in small towns. >> money is not always the answer. being where you want to be, doing the right thing, taking care of your patients and crew is more important. >> reporter: there are all sorts of recruitment programs out there, cheryl, one in utah is pretty cool where the helicopters go out to middle and high school campuses, land on the campuses, trying to get students excited about the idea of a career in vertical flight. cheryl: thank you, alicia acuna live from that report in denver. foxconn has just ditch ad $19.5 billion semiconductor joint venture with indian metals

with oil conglomerate vidanta. eddie ghabour joins us now. why does this matter to us, eddie? >> so look overall from a broad market perspective i think you're going to see a lot more investing in india. that's a space we're very, very bullish in and we've been buying and i think you will see more and more companies invest in that economy. i think that will take business away from china. so i think that trend will continue of firms pulling business from china investing in india. so we think there is tremendous upside there. cheryl: you're looking as an investment strategy looking beyond american borders now. do you think the emerging market s are stronger we had a strong kick off the first six months? >> i think so it makes sense to look outside of the u.s. there are pockets in the u.s. we're on like health care.

they didn't participate in the first half. look at japan's stock market it is having a strong year. again, india. i think being diversified looking outside of the u.s. to hedge in case you have a scenario where we go into recession here you could see other areas outside of the u.s. continue to thrive. again indjaw is probably our best play and most bullish play outside of the u.s. right now so we will buy dips in india if we continue to see those opportunities there. cheryl: you also like health care and you know, one of the things that a buzzword within health care like everything is a.i. talk about that space. >> yeah. sew look, one of the things with health care is again they didn't have a good start to the year. we're looking at areas we think will outperform on the back half in regards to also earnings beats. i think the comps are easy for health care in the back half and the other thing too is during the covid time period many people put testing off like colonoscopies, mammograms. when you talk to folks in the

medical field, these folks are starting to get these on the schedule. there is a major backlog. there is pent-up demand in the health care space. health care equipment specifically what we've been buying as well as big pharma because again i could see a scenario if you have problems economically here domestically, health care will be a sector that can thrive to go through that. cheryl: eddie, do you like aerospace and defense, the etf anyway. i find that interesting, president biden over the weekend basically revealed, whether he meant to or not, we have ammunitions shortage. talk about that sector, aerospace defense, particularly the war in ukraine, the shortage biden is talking about, does that impact you at all? is that good fuse for you as you pick stocks in that group? >> it is. we've been underinvesting in this space. the pit call issues around the globe will get worse in our opinion, not better. we're in a situation where we

will be forced to invest a tremendous amount of money. this money will come from the government. this again is not related to the consumer f the economy gets weaker, the consumer gets weaker there will be natural demand for investing in this space because it will come from government money and to your point it has been very underinvested in and it will be a necessity we're going to have to so i think that is an area too that can do well in the back half of the year. cheryl: eddie ghabour, great to see you a lot of great picks from you. thank you so much. [closing bell rings] the dow closing higher for the first time in four sessions. that will do it for "claman countdown" and "kudlow" is next. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right, right at the start three house committees investigating the biden scandals, all of them will reconvene this week. fox news david spunt live in the details i think he