in a new gallup survey americans were asked about their financial situation versus a year ago, 50% said there were soft from 20% 2020 when 60% said they were better off, only 35% feel that way now. here's what's happening the free money is running out and all that's left just inflation has come down but not where it needs to be in that might not happen until 2025 or later. if we are lucky the fed won't push the economy into a deep recession between now and then, we have to stop supporting politicians, i promise there's something for nothing simply being born in america does not mean you're ordained to the perfect life it is obtainable for every single one of us and that is the blessing but there's no such thing as a free lunch and you certainly don't want a politician giving it to you in the greatest country in the world this is what happens, now to cheryl casone. >> thank you so much we have breaking news to begin this

hour, blizzard shares are coming off of a two-year high, the stock is still up at 10% change right now, a u.s. judge ruled that microsoft can proceed with the 69 million-dollar acquisition of the videogame maker to feeding an attempt by the ftc to block the deal. the ftc filed a limitary injunction to stop the acquisition fearing that microsoft might hold activision's content leaving to too much control over the gaming market, we have kelly o'grady covering the story, she is the latest moves in the fast breaking story. >> it's great to see seo is a big win for microsoft, the ftc was looking deposit the merger before july 18 closing deadline the case can head to a scheduled trial in august that the judge did not find reason enough to do that so she shared this on the decision, the ftc has not shown the likelihood that it will prevail on this particular merger in this specific industry

may substantially lessen competition to the contrary the record evidence points to more consumer access to call of duty another activision content. i listen to the five days of hearings leading up to the decision in microsoft made a number of commitments to keep call of duty widely accessible including keeping you on playstation for ten years, they also made an agreement with nintendo to bring the game to switch. on the news the ftc share this statement with fox business they said were disappointed in the outcome given the clear threat the merger poses to open competition and cloud gaming subscription services and consuls in the coming days will be announcing our next steps to continue our fight. we will hear more soon the deal is not completely in the clear, the ftc can appeal this decision, they also have the august trial scheduled. i will say this i worked in m&a a bunch it's much harder to block a deal after it is closed and some analysts are saying the ftc could drop the case entirely

let's remember this deal is also facing a block in the united kingdom european regulators did give the go-ahead so we can technically close without the uk but that's a very calm located scenario, microsoft shared confidence that the be able to overcome the hurdles, president brad smith tweeted this on the news we are grateful to the court in san francisco for the quick and thorough decision and help other jurisdictions will continue working towards a timely resolution. two takeaways, microsoft had a win not out of the woods but this is a big loss for ftc, she came out swinging against big tech and hasn't really deli delivered. cheryl: certainly this is a win for shareholders of activision blizzard and certainly microsoft is hoping the whole thing goes away. it's been a long fought battle between the ftc and microsoft and activision blizzard, thank you very much, good to see you.

markets in the green as investors are looking ahead to tomorrow cpi report, that the biggest data point that were going to get not just this week before the month, take a look at the dow were higher by 239 points, s&p is up by 17 and change nasdaq is up by 31, russell 2000 by 14 and change. while we are getting a clear picture of what the consumer is pain with cpi, today and tomorrow on how consumers are spending with amazon prime day, amazon look at the stock gaining more than 1% shoppers are snapping up some of the best deals of the year, coming up or get have two major retail analyst that are going to game out how primed amazon is to hit record sales this time around, there also going to give us spending about the american economy, how are consumers that are going to prime right now are they looking for deals, we will give you a big update on the, we have earnings season, that is kicking off later in the week in

particular friday morning with the banks and will be watching the stocks on your screen as we continue to follow on the last hour of trading on this tuesday. artificial intelligence is expected to be a big theme yet again this quarter, right now we want to show you this picture on capitol hill this is the senate stakeout, lawmakers today held the first classified briefing on a.i. to discuss how the government is using and investing in a.i. to protect national security this is something that chuck schumer wanted to see happen. all 100 senators were involved in were waiting for them to come to the stakeout and we will monitor the comments when they begin. for now i want to go back to the financials. obviously that's good to be the big story, to banks that are seen significant gains following upgrades, you bank of america upgraded, u.s. bank, jefferis also upgraded, j.p. morgan to abide due to the strength of the

balance sheet but with the markets playing the economic data waiting game today holding out for cpi tomorrow, the places to invest today before we get the data dump coming in the next two days let's get right to the floor show company founder dan geltrude and circle squared alternative investment seo jessica, great to have you both here. dan i want to circle back to a.i. as were waiting to hear from the senators on capitol hill, the big? that the senators have, national security, user privacy and military application in the briefing of the white house and pentagon officials as well as the defense department offi officials. when it comes to a.i. there is one agency that is excited about a.i. that is irs data. >> yes the irs getting into the a.i. game, the going to focus in

on the algorithm that a.i. really specializes in. tthe irs has an enormous amount of data on everyone and everything. when they start to implement a.i. and figure out where the cheaters are because let's say even though we don't like the irs we don't like people that don't pay their taxes because it cost everyone. the irs is saying are we going to be able to find 87000 new employees, of course not but a.i. could make up a huge piece of that and there are numbers where the irs could recover $600 billion a year using a.i. in the algorithm that can produce. cheryl: jeff, you are not so much in the camp of a.i., you

believe we need to put the brakes a little bit. >> i have to say dan scared me with all the talk of the irs going to discuss. i would say with a.i. early on i loved it and i taken this ride but now were dealing with what i would consider a very similar situation as we have had in 1999 which is that you have a lot of these companies that is the defining technology and is going to define the next air and technology but you look at some of these companies like nvidia, nvidia is trading at a pe that is equivalent to 200 years of current earnings. there is an optimism for this sector that we have exceeded a very long time and any time you see this amount of optimism with so many questions as to what direction it is going to go when

most people when you ask them what you like about a.i. they give you a generic overview of chat dbt, and semiconductors but in reality nobody knows what direction it's going to go in. cheryl: that's what the reasons i'm curious to hear what chuck schumer intime had to say after the briefing because the concern is that government officials whether senators or kevin mccarthy has talked about trying to rain and a.i. in the regulate something they don't understand that is disconcerting. we will see what we hear from capitol hill in washington let's move on to cpi that the big story for the week and this will give us a good sense of whether or not the consumer is healthy or not depending on the prices that they're going to be paying from eggs to fuel, the expectation for the cpi's is going to be month-to-month, 3% jump in the headline cpi is the

big story, 3.1%, getting closer to the 2% that the fed is targeting. >> i think no matter where the cpi number comes in and i understand were projecting it to come down. i still believe the fed will march forward and continue to raise rates. whether they should have done that in the last month in terms of pausing, that remains to be seen. inflation is still significant in the reason that people i believe are still buying and keeping the economy rolling is because of taking on more debt, specifically credit card debt. it seems like a lot of people have the attitude that they can keep spending and they're not going to actually have to pay for. the piper is going to need to be paid and i don't think people have the attitude right now. i expect cpi to come down the

consumers to continue to buy. cheryl: interesting, jeff do you agree? he has a point of the tight labor market that's where we seen the consumer hold up, they're digging into their savings to be clear but they've not stop spending. >> what dan said is true yet the highest credit card debt that we seen in history with the highest interest rates and your corporate debt at 14 trillion and card repossession increasing and there is a lot of negatives out there and although the fed has a target of 2%, the big question is when are they going to break the entire system because it's not that the raising interest rates and not that they're being vigilant against inflation. if the velocity of which they raised interest rates and the such shock to the system so you have cpi come out tomorrow and the fed they came out and said they would most likely raise

interest rates two more times but there is a lot of negative that could come out of that. although i think it's important that they raise interest rates, we have a federal reserve that's proven their dazed and confused, they don't really know what they're doing and if they don't deal with the supply-side issues, this is going to create a scenario where we could see every session come september and october. >> you not saying a soft landing? >> that is not a soft landing. >> i don't see a soft landing and you could see how the bond yields have inverted you usually have a bond yield that inverts and it takes 13 months which would bring us to october. i think were going to see a soft landing and all the real estate debt that needs to read. >> the commercial real estate that we talked about that on the network, jessica, dan, thinking

for being with me. a reminder to our viewers were getting it cpi tomorrow morning 8:30 a.m. cpas time. stand by on that one. coming up wd-40 oiling up the wheels for big stockings after the oil lubricant manufacture posted in earnings, coming up next the ceo about what fueled those results. "the claman countdown" coming right back, the dow 235. ♪ dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it.

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cheryl: breaking news committed besides the news from microsoft, activism blizzard this is coming in reuters is reporting eu regulators are set to clear semi

conductor chipmaker brought comfort the $61 billion acquisition of cloud tech firm vmware, shares abroad, and vmware are moving on the news a particular vmware, that stock is up more than 5.5%, almost 5.5%, according to reuters that you is planning to slap science company illumina with an antitrust fine over its takeover, that stock lower in that report crossing on aluminum. wd-40 is charging, take a look at the stock on your screen this is the stock we've been watching throughout the session it is uppermost 19% this is almost one and a half year high for the stock today. at least today will see how it closes. the consumer products maker blue the streets expectation on top and bottom lines in third-quarter report, wd-40 sales grew 15% year-over-year but ford exchange currency

headwinds continue to impact growth, what does the second half of the year look like for the maintenance supply producer, joining me on the fox business exclusive the wds 40 president, congratulations on the quarter. >> thank you cheryl it's great to be with you. >> double digit sales growth, what was the biggest driver of this? >> we do what we've been doing for decades, we continue to build our distribution around the world and we have a huge growth opportunity for wd-40 around the world and we build our distribution input samples in the hands of the right users around the world and that's what our strategy for many years and will continue to drive the business going forward. cheryl: 176 countries, that is important but you did have to raise prices, obviously supply chain issue and inflation in general has impacted many businesses, you like many other businesses had to raise your

prices, did you feel an impact certainly have a positive financial impact from that but did you see any change in customer behavior because you raise the prices? >> we are seeing in terms of north america or western europe less footfall, if there's less fish in the sea we need a bigger net we put a perm enter promotional display across most of our developed markets to drive volume and that's worked pretty well. >> you a lot of different products within the company besides the namesake wd-40, carpet care, sobol, novak, different things is there any product lines you are seeing a boosting? >> it's wd-40 the multiuse product is over 80% of our business that is backing growth we have growth in the quarter of 16% backing growth year to date that is the main driver and a lot of squeaks for us to solve

around the world big growth opportunities there, wd-40 specialist branded extension and it's been very successful about 15% over the past five years continuing to grow the leverage, the equity of the wd-40 brand around the world as a part of our strategy. cheryl: you need wd-40. >> i was just going to say in terms we signal to investors of her household business which are acquisitions that we made 20 years or so ago were taking good strategic look at the future of those because the aim is to refocus on the biggest opportunity in the highest growth opportunities going forward. wd-40 brand around the world. cheryl: the first question that currency headwinds how much of an issue we are seeing a little bit of strengthening in the dollar this week, i want to ask you about that because you are big global companies if you will

but also do you see retrenchment in the future, i wouldn't talk about not just a slowdown in the united states but a potential slowdown in europe and parts of asia in particular in china are you worried about that all? >> currency is going to do what currency is going to do we look at last september and october we took a significant hit of currency exchange and recycling through those overall volumes recovering nicely and in terms of the economy the economy is going to do with the economy is going to do. when you look back at 20 of the wd-40's business we have a slide in our investor deck of how we've increased our business continuously over the 20 years all the way through 2008, 2009 recession with the exception of 2020 when we took a small hit with the pandemic. we have a great strong track record of whatever the economy

is doing of delivering strong growth. cheryl: before you go i have to ask you what is the strangest thing you've ever seen a customer do with wd-40 and i say this because there are crazy tiktok trends out there right now that emerge during the pandemic of what you just mentioned. is there anything you can think of off the top your head. >> we get a lot of e-mails and letters and a lot of social media in our consumers love to tell us the stories of wd-40. one of my personal favorites of lady from the midwest who used to spray wd-40 on her bird table on the pole of her bird table so the squirrels could not get the bird table to the food. >> i was just using on the windows. i'm a very unimaginative customer. steve brass thank you for being here, congratulations on a strong quarter we will see you next round. cheryl: let stay with this right now another household product

showing gains today what is fueling shares of sharpie maker noel brands, will tell you covenant next. mark is hoping to make it two days in a row of gains, the dow up to 50, as of yet 19, nasdaq up 34. we'll be right back. ♪ (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned.

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market we have 32 minutes to go before the markets close ahead of the to tomorrow cpi reading which is a big economic event of the week, the dow up 251 points, as of yet nine, nasdaq at 37 change. 3m is moving higher after bank of america raise the stock from underperformed to neutral but the let the price target at $110. the bank is bullish on the post-it note maker after 3m settled with the government over forever chemicals in the water, the command strips manufacture is also spinning off the healthcare business that is supposed to happen later this year 3m stock is a foreign half percent, newell is higher today after they initiated the stock with a buy rating set the price target at $13. the sharpie pen maker announcing second-quarter results on july 28 that's good to be before the bell the stock is up almost 11% and salesforce big stock that were watching announces

that they may raise prices across the cloud services. the business software company said the prices would increase about 9%. the new prices are going to start in august as you can see salesforce stock is up. half percent, warren buffett berkshire hathaway agreed to purchase additional 50% stake in liquefied natural gas facility for 3.3 billion and are paying cash this deal gives berkshire hathaway 70% of the plant, brookshire bought from dominion energy initials of buffett's company is not afraid to invest in fossil fuels even at a time and many investors are shying away. berkshire hathaway that stock are up a little more than a half 8%, dominion resources stocks are higher as well. black friday in july, not christmas in july, black friday in july, amazon prime day kicking off today we're going to

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strategic resource group for flickinger, it's great to have you here. can amazon deliver, will they deliver based on the fact that there's been pressure on the consumer. >> amazon will deliver because they're much better with lightning deals this year and with all the retailers of bed bath & beyond filing for bankruptcy, there's a lot of closeout goods at deeply discounted prices plus sean o'brien the dynamic leader of the teamsters union is not going to accept a new contract unless it's finalized within the next few days. cheryl: you're talking about the potential ups strike which is more than 30% of amazon del delivery. that would almost cripple amazon you are know it may happen and they're trying to get goods in their pockets now. >> shoppers no ups is the main

delivery point for deliveries across the country. cheryl: jessica another point that you made i thought that was interesting about the influences that amazon is now using to inspire campaign if you will. i know i'm seeing a lot more videos and instruction how to's on amazon for their products, is it working for them? >> it seems like it is we need data to validate that, that's us different from last year is the targeted marketing in expanded regionalized logistics, that is actually very ingenious kudos to the marketing team amazon utilizing prime video to create a game show experience in the diverse group of influencers promoting that on social media and have them compete for prime products on prime day, that is

literally cross revenue stream penetration that is really well put together. cheryl: usually if i don't already use something i watch the video on amazon sometimes after i buy it for full disclosure let's talk about back to school, that's a big? it's good to be big for amazon. we've always had prime in july but recently they started to add october, october has not performed for amazon like july has, why? >> amazon hasn't really gotten it right to your point into jessica's point the habit will use influencers. dave jumped the gun on ali baba on nember 11 singles day which produces over 40 billion in sales for ali baba. amazon in october to your point only did about 8 billion, deeply disappointing so amazon will catch up in prime day today and tomorrow and we want to catch up more in october and may add a

third event on north american and worldwide to close international gap with ali baba which is state of the art in terms of detail and special sale situations. cheryl: also we have seen, were getting it cpi tomorrow and we seen in the inflation data that it services inflation it is still sticky for high consumers. it looks like services is becoming more of a selling point for amazon on prime day, talk about that. >> absolutely is a resilient selective consumer and this is where prime day is presenting for the selective consumers they are searching for a bargaining amazon is offering the bargain with a wide array of products that is absolutely going to be essential. i think it'll give us insight into the consumer and were going to come into earnings season which is good to be a pivotal

point we look at the health of the consumer to see if the spending money and where they're going to spend money so looking at prime day is going to give us an indication if they're spending any goods in moving over and finding balance within the services and goods sector. >> you and all the wall street analysts are looking at prime day to say what is the health of the consumer for christmas and the holiday season. >> absolutely. it is certainly so interesting in a different type of consumer as well they like to say but that is draining so all the data we can get. cheryl: real quick, walmart is coming up with promotions, target is coming up with promotions to compete with amazon they can also make billions of dollars from their own promotion. a lot of competition for amazon this year. jessica and birds, thank you. >> you people going to thrift stores substituting for online sales. cheryl: people are going to walmart for groceries.

people with money are going to amazon. >> amazon's top ten in groceries. save everywhere he or she can. cheryl: they're not going to whole foods. thank you so much, great to have you here. coming up the pga tour facing the senate today over the deal with saudi backed liv. we have a live report. that is coming up. ♪ (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better.

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that's 1-800-217-3217. cheryl: the pga tour's tour with liv golf is not a hole-in-one the tour has been scrutinized since announcing a proposed deal with saudi arabia backed liv two officials testified by a bipartisan committee looking into the planned merger and it was very interesting let's go live to chad pergram who is been following this action all day long. >> good afternoon the pga tour argued there is no merger just yet only a framework to forge an alliance with lived golf, pga tour witnesses told senators that they face the fight for the very survival.

>> liv is on fire, they put us in an incredibly difficult position liv was a call every day, it was very disruptive. the pga tour says liv golf may have consumed pro golf in five years coaching players and paying prejudicial salaries, senators want to know why the pga tour opposed aligning with liv until it didn't. >> the sovereign wealth fund which owns liv golf has been an instrument of the saudi government. the deal was not to just take over but the entire sport. it was no ordinary investment. >> release documents indicating outreach of a possible merger in december last year, 9/11 families attended the hearing and they blame the saudis for 9/11, the families opposed the saudi's taking over golf, terry

stratus husband was a scratch golfer and died in the north tower. >> i highly doubt i would sit down i've never watched a liv tournament i have no desire to watch the liv expedition golf i doubt i would become and remain a fan of golf i think would be very difficult. jimmy done the deal with the saudi's and worked in the trade center. estrada said don betrayed 9/11 families. cheryl: chad pergram live without report, thank you so much. as florida governor ron desantis slips further in the polls the presidential candidate is gearing up to impress east coast donors next week right here in new york, charlie gasparino has the latest. >> breaking the story on twitter caused stir people talking about it going viral, he is stagnating in the polls and is not really losing or gaining, donors are getting really worried and we

understand the santas are scrambling to keep them engaged, here's what we know next week he has an event in southhampton that's major east coast donors and is now engaging he and his top aides with donors, number one he's playing the log game don't count them out just yet we have had debates or the iowa caucus it is really. even though it looks stagnant it is early but never to the other thing he's pitching this is fascinating and it may work with conservatives he believes the reason why you see so much bad press about me and his wife and constant talk about the polling is because democrats and the media want to try to win they believe donald trump is the easiest person for joe biden to be whether that is true or not i'm not getting into that but i'm telling you that's domestics donald trump doesn't poll well

with independents and has attended baggage the last time he ran he lost most of his kid this loss in the midterms. if you go back to him you will lose to sleepy joe biden that is what he is saying. two things that are going on and you can see it in some of his messaging number one laying it out the truck cannot win and he thinks ciampa is a loser he calls him a loser and number two he is now establishing an economic agenda talking about how biden spending plan essentially sowed the seeds for inflation now you have wage losses instead of wage gains with almost full employment, you see him pivoting to try to change a subject. clearly the donors are worried and he's fighting back next weekend and a be interesting to see what happens at southhampton fundraiser. i'll have a couple of sources there to report back.

cheryl: it is early but we were talking about jeb bush at this .2015. jeb with the! charlie gasparino. staying with 2024 campaign, tomorrow we are going to have former new jersey governor and republican to the 2024 presidential hopeful chris christie will be joining me live right here in our studio. the closing bell rings, eight minutes to go, the dow, the s&p and nasdaq on pace to close with gains ahead of the big cpi report that is tomorrow morning 8:30 a.m. eastern time as you can see averages are on pace for the second update in a row the cpi report is good to be coming out and will get the ppi report that could be coming up as a consumer price index that is on thursday the two key economic reports were looking at. this sheds light on whether the

decline in inflation has continued and this is the backdrop for future direction of interest rates and this is what the fed is going to be looking at, jerome powell said he stayed independent we will see how he reacts to the reports and how markets react to both of the reports coming up over the next two days. the dow wept 326 were seeing nice gains in the close. let's take a look at oil west texas intermediate and crude. trading higher, crude oil 74.90 that the contract that were watching. the global contract, that is up as well within 2% 79 - 47. there has been supply cuts by the saudi's and the russians that is lifting benchmark prices a little bit along with growing demand in the developing world for the second half of 2023. the countdown closer says rising

oil prices can help the financials of one big energy player making this a good investment. gradient investment you have to admit here oil is not where it could be considering the stance of opec plus. and the moves that they have been making over the last 30 days in particular but you have got and energy pick you like right now. what is it? >> i do. i like devon energy right now. i mean just like you said i feel like the commodity prices of both oil and gas are going to gradually rise? i mean opec is doing everybody they can to keep supply down. the administration in the u.s. is certainly not promoting increased production here in the u.s. i think combination of these avoidance, investors were afraid we would go into a deeper recession which i don't think will happen. i think that makes commodity prices creeping up which helps the financials of devon energy.

deaf have been spent a lot in the first half which i think will help secure production growth in the second half of the year. i think the whole energy area will pick up. devon is a great yield at 5.5%. they're buying back a lot of stock and they have had a lot of free cash flow quarters in a row. this is great company in this trade. i think commodities will go up to lift the sector in the second half. cheryl: again we didn't see that summer pop we thought we would get with crude prices but it is only early july, michael. talk about another pick you like, that is united healthcare. that is a stock goldman sachs says they have several promising industries that could outperform this year, i mean obviously this is a multibillion dollar health care name. why do you like it here at this level? it is 462 and change a little pricey. >> well it is a little pricey but deservedly so. this is, i think the whole

health care sector has lagged in the first half of the year and will probably revert in the second half of the year. united health that is one of the best health care companies you will find in the world right now. now investor concern and why the stock is down this year is because there has been this lag effect of elective surgeries or procedures that have taken place which will drive up united's cost as little bit but united already told investors this so they know it is coming and it is already priced into the stock. despite the news, where estimates are cut to, united health grows earnings 12% next three years on annual basis. look it trades at 17, 17 1/2 times. that is not that expensive. it is just a little bit over a market multiple. that 12% earnings growth you will get is well above where corporate earnings are expected to grow. this is a company i like, you don't really get that many chances to get in on a dip and this is a dip.

i think you can buy it here. cheryl: health care is certainly one of those defensive plays if you will, those safe plays if you need it. a lot of debate what the second half of the year will look like, michael. let's talk really quick about earnings. friday kicks oaf with the banks. most of the buzz seems around more so this quarter jpmorgan and what jamie dimon is going to have to say about the economy and markets but also, you have citi as welcoming out. talk to me about the financial sector. there has been so much worry about some of these smaller and mid-sized banks under pressure with them. we had a couple of failures as you know with vvb in particular. are we looking for blockbuster numbers coming out of financials this quarter or do you think it will be more of the same? >> no. i think it's going to be a little bit more of the same. to me if they come out to be the same, you have avoided this crisis, i think investors kind of believe in the banking sector in particular, this rise in

interest rates will squeeze their margins so much there will be this kind of disasterous earnings scenario which i don't believe will happen right now. i feel if the banks can meet consensus or slightly exceed consensus that's a win. plus you know all the banks just went through the stress test. most of them came through with flying colors which i think gives them more after green light to raise dividends, buy back more shares, things like that. i think the banking sector could be one that you know, might mildly outperform after they report their earnings. we'll see. cheryl: what, we shall see. again when i get these financial reports again it is always about dimon's comments. it is fascinating how it can move the markets on a day like that. so we have cpi, ppi, of course banks coming out on friday. let's talk about another pick of yours. i thought it was coca-cola. that is a good one. it is coca-cola europacific partners. >> i threw this one out there

because i wanted to get a little bit outside of the u.s. i don't know if you saw this or not, citi, their market strategist they downgraded the u.s. and upgraded the european stocks index out there, which i thought was pretty interesting. i don't tend to disagree with. in that sector, the big european big cap sector, i chose coca-cola euro partners. this company trades 15 times earnings where other beverage companies trade 22 times so it is cheap. they have strong travel in europe, and strong growth away from home in the european travel area. they made acquisition they will see cost savings and synergies from. they're not only european about southeast asia. cheryl: that is interesting play with someone that drinks a little diet coke every day.

michael, great picks from you, certainly appreciate it. >> thank you. cheryl: another strong day for stocks. during this hour we had new session highs for the dow as you can see. we're up 315 points right now, just barely off the session highs. so it has been a strong day for stocks. s&p up by 29. nasdaq up 74, russell 2000 up by 17. we're watching amazon now, this stock, pull up the board before we go, prime day, day one of two days for prime day. 128. the stock is up one .25%. cpi, trade with china, a.i., anything it comes to do with the presidential race we'll be joined by former new jersey governor, 2024 presidential candidate chris christie tomorrow right here on the "the claman countdown." [closing bell rings] that's it for me. ♪. larry: hello, folks, welcome it "kudlow," i'm larry kudlow. let me bin