650%. i wish left the best of luck and condemn those that made physical harm to him and his family and bloomburg wiped his once feared twitter account. you're the ceo of a struggling company and had thousands of employees and someone popped up on tv and said your company is worthless. yeah, of course, there's room and a roll for the shorts to be out there. there's also room for them to be squeezed. in fact, i applaud the work that indianapolisenberg is doing. i want to make sure -- hindenberg is doing. over to cheryl kansas city caso. cheryl: thank you, charles.

we have to take you to breaking news out of los angeles at this hour. you are looking at live pictures of the sag aftra headquarters in los angeles. we're waiting on a press conference. here's the news, negotiators for the hollywood actors union, that's of course the screen actor's guild american federation of television and radio artists, they're unanimously recommended a strike after talks with the studios broke down. again, we're taking this live shot of this press conference. this will be held any moment at their headquarters and this is after weeks of negotiations that failed to garner a contract. what do the actors want? higher wages and streaming regulation and safeguards arnold thous of ai, artificial intelligence. hollywood actors would be joining the writers and first double strike to plague this industry 24 more than 63 years, 1960 is the last time we have seen something like this happen in los angeles and to this

multi, multibillion dollar global is there any. so tv and movie stocks, mixed picture on this news of this looming basically this would be a hollywood shut down, full stop. i want to go to live to los angeles and kelly o'grady on site and following all the action from there. what's crazy about all this, first off, the jobs, up, down, left, right that will be hurt by this but then you've got this barbie movie coming out next week, which is this -- there's all the buzz of the summer block buster season circles around the barbie movie and then a strike ahead of it, kelly. reporter: i know, it's a little bit like competing dynamics; right, cheryl, because you have all this excitement and feels like movies are back and yet there's a looming shutdown. we are expected them to strike, and you mentioned that this is a huge deal because the industry will essentially stop all scripted film and tv production, many of which has already halted because of the writer's strike, but now if you get the actors on

board, the negotiating leverage goes way up. >> frankly actors are more powerful collectively than writer. you go to see a movie because of your favorite star in it. the average person doesn't even know who wrote it. just the visibility of your household game. reporter: what's driving this is pay primarily. the rise of netflix and other streams has actors and writers feeling like the current hollywood model is fundamentally broke and a sticking point is how much workers are paid when their shows and movies are licensed to streaming services. that's why scarlet johansson was so frustrated when her movie black widow was put on disney+ and they said responses to the union's most promising proposals insulting and disrespectful to the industry and the company refused to meaningful engage on some topics and others stone walled us and doesn't seem like the other side will budge any

time soon. alliance of motion pictures and television producerred shared this, rather than continuing to negotiation, sag put us on a court to deepen the financial hardship for thousands that depend on the striofor the livelihood. if the actors strike, this doesn't just impact future productions. you mentioned barbie, oppenheimer. this means block buster films have to open without the star doing the professional work and it's a huge success for the movie and you don't want to pay more since most are trying to reign in spending on content but they can't afford to lose subscribers when there's not new content and, cheryl, as a consumer, why would you pay for a service if there's no new content on it. this is a bisdevelopment today, cheryl, if the actors strike, this could be what tips the scales here. cheryl: we were showing pictures of ryan gossling and margo robbie and we're waiting on the live press conference and they've had the vote and we

don't know the result but obviously what do you think the most near term impact will be to the economy of the city of los angeles over all of this? >> it's not just the actors and not just the writers, it's everything that goes into film production; right. the caterers, the lighting crew, all of these people would be without jobs, and we saw what happened during the pandemic. i mean, we were completely shut down for months and months and it was detrimental to the industry but also everything that surrounds it so it would be very, very bad. i can tell you, cheryl, people in los angeles are hoping this does not go on for much longer. cheryl: no, again, the economic destruction and other issues that los angeles has right now, this is just the worst possible timing for that. kelly o'grady, thank you for the live report. keep us posted and we'll keep our eyes on the live shot of sag-aftra headquarters for all the viewers. kelly, thank you. your markets right now as we wait for the press conference to get underway, you've got dow up

higher by 60 points, s&p up higher by 36 and nasdaq 210. another day of gains for the markets. you've got the nasdaq up more than 1% as you can see 1.5% and that's a 15-month high on your screen. again, the s&p up almost 1% right now. then the dow gaining factually and investors basically have been pretty bullish on another set of numbers that we got today. that was the ppi, the inflation data on the producer price level and basically it showed, you know, these numbers cooled more than expected underneath analyst expectations so this is all about the soft landing. not a recession that we're talking about anymore but a soft landing for the economy. unless you're in los angeles. today's producer price index, headline ppi's annual growth slowed for the twelfth straight month and that's the lowest since august of 2020. now, on the other hand jobless claims still showing the tight labor market and fell unexpectedly from the week before. still we have to say here,

237,000 above that is still a decent amount of claims coming in. again under expectations but now with inflation slowing and the labor market still red hot, there's one part of the economy where demand continues to climb no matter the price. that is the airlines. airlines, that sector was flying higher earlier in the session. delta in particular had a big morning this morning with their third -- second quarter reporting. delta posted record quarterly earnings thanks to scorching travel demands, ceo ed bast indian is a frequent guest on the show and expects that bookings will be strong for years. he says the airline also -- the picture is so rosie they hiked full year guidance. that report at 6:30 a.m. eastern time and i did the numbers, you can tell obviously there was a lot of expectations now for the rest of the sector. the other airline stocks, don't worry about the red arrows now. this is a big day for delta. this is before banks are kicking

off. that's tomorrow. brand new earning season kicks off except for the outlier at delta airlines and the head of the financial results coming out and in the morning, get to the floor show and joined by traders academy ceo scott bower live from the cboe floor and teddy win back-tweisburg -- weisburg e floor of the new york stock exchange. scott, we'll start with you and the big excitement and bullish stock around jp morgan and hearing tomorrow from citi group. what are you expecting? >> i'm a little cautious to be quite honest with you. there's a lot of optimism out there because we've got through, you know, what happened to banking crisis back in march and april. so there's some optimism but i don't really think there's cautious guidance and that cautious guidance will come from lower loan growth because with rates the way they are, that's going to be difficult for some of the banks moving forward.

if interest rates aren't going to be coming off any time soon. i also think there's going to be higher loan loss provisions, especially if you look at commercial real estate side of things. when you look at that compared to optimism coming out and banks, we all escaping out of the banking crisis and it's a conundrum and i'm not long on the banks ahead of the prints is and if we see selloff with negative guidance and concern there and see jp morgan down h5% and wells fargo the same, that would be a opportunity in my opinion. but i'm a little cautious quite frankly ahead of the prints. charles: teddy, i'd -- cheryl: teddy, i'm be surprised if they're strong enough to buy a bank. there's a lot of talk in the regional bank space and more failures to come and we don't

know who they'll be but that they're going to happen and waiting if the wings, jamie dimon of jp morgan ready to buy things up and all intents and purposes the way these large four big banks are sitting and waiting for opportunity that's going to come their way. >> yeah, i think on balance the banks are in great shape and you might get twinge for the earnings and scott pointed out it's all about the guidance and the stock market is a forward looking indicator but on balance, the economy continues to bum along. weave had some reasonably benign inflation numbers but certainly is helping the broader market but i don't thissen think we're out of the woods yet and on the one hand there's a economy, that i think it's good that they refuse to roll over. you want to continue to spend money and a fed in the middle trying to control everything and the only tool they have in there

in their tool box is raising interest rates so i for one think interest rates are going to work their way higher and for longer than anybody thinks but for the moment, the good news as far as stock markets are concerned that the rally has spread out to many more sectors other than the handful of tech stocks that have been carrying the heavy water for the last 6 to 12 months. cheryl: scott bower, you bring that up in your commentary this morning that base chips act we've got -- basically we've got foe mo and that's because -- fomo because of the magnificent seven technology names on the backs of ai. >> absolutely. there's a little fomo and like steady side we're broadening out and widening out the upside and we're starting to see a lot of these so-called meme stocks of old starting to get massive, massive option volume and upside

call volume and people chasing after that and that's got me concerned a bit as well. over the last several months, i've spoken with u.s. and liz and to me there's a big gap off a big work if you will and sitting in the middle of that right now and i can tell you here in the spx, s&p 500 option pit behind me today, there's massive, massive call buying up at 45/30, 45/50 call strikes that are expiring not just tomorrow but going out to next week. so i still think even with the banks are a little bit of disappointment, there's a lot of fomo in the market chasing higher. cheryl: scott and teddy, great to see you both and thanks for being here.

>> thank you, cheryl. cheryl: all right, data shows that wholesale price growth is declining and could serve up high profits for the next guest. we'll talk to the name sake of cameron restaurants what that will mean when we come right back. the dow higher by 63 points. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ ♪this is what love looks like♪

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cheryl: they have now volted to go on strike at sag-aftra. listen to what she's saying, guys. >> make the machine run. we

have a problem and we are experiencing that right at this moment, this is a very seminal hour for us. i went in in earnest thinking that we'd be able to avert a strike. the gravity of this move is not lost on me or our negotiating committee or our board members who have voted unanimously to proceed with a strike. it's a very serious thing that impacts thousands if not millions of people all across this country and around the world. not only members of this union and people that work in other industries that service people that work in this industry. and so it came with great

sadness that we came to this cross roads, but we had no choice. we are the victims here we are being victimized by a very greedy entity. i am shocked by the way the people that we have been in business with are treating us. i cannot believe it quite frankly. how far apart we are on so many things. how they plead poverty that they're losing money left and right when giving hundreds of millions of dollars to their ceos. it is disgusting. shame on them. they stand on the wrong side of history at this very moment. we stand in solidarity in

unprecedented unity. our union and our sister unions and the unions around the world are standing by us as well as other labor unions because at some point the gig is up and cannot continue being marginalized and de-humanized and the entire business model has changed by streaming digital ai. this is a moment of history that is a moment of truth. if we don't stand tall right now, we are all going to be in trouble. we are all going to be in jeopardy of being replaced by machines and big business that cares more about wall street than you and your family.

most of americans don't have more than $500 in an emergency. this is a very big deal. it weighed heavy on us. cheryl: we have been listening to actress fran drescher, she's the president of sag-aftra and duncan crabtree is the one that said it was a unanimous vote and they're going on strike. that strike takes effect going tonight at midnight and the actors are going on strike and we've not seen a hollywood shut down in 50 years, 1960 was the last time that you had two unions go on strike at the same time and the writer haves been on strike for several weeks, now the actors are walking out of the job. you heard it there, this is their beef and it is ai, it is streaming and need to be paid for and in a digital world, i

have to say the impact of this as she said could be with millions of people around the world because hollywood is not just a california industry. hollywood is a global industry and it is a multimillion dollar industry. this on the same day we find out bob iger signed an extension for two years. you wonder what his role is in all of this. netflix, p paramount, disney, warner bros. this is a true shut down of the los angeles area and the economy there, which is very important. i want to switch gears here because this is kind of going into what we're talking about here and this is the inflation story and the jobs prices. inflation is cooling off and obviously is inflation still turning up in pockets of the kitchen, the restaurant industry, well, guess what, the restaurant industry in los angeles is about to be affected by all this and bring in the

cameron mitchell restaurants, the ceo to talk to me about this. cameron, i want to get you immediately into this because you've got properties in los ps angeles and your initial reaction to this and in los los angeles and new york and this is a big hit in particular with la. >> i think so too. across the country are two of the largest markets of new york in both of them coming fully and that's what we're about to see. cheryl: switch gears and we'll keep these pictures up and monitor what's going on obviously in los angeles and again you're saying to the point, this kind of shuts down in a big way and big piece of the way and out of that but the

economy and frankly the homeless crime that we're talk about and have not improved and both of us like myself living here in new york, how has that impacted you? >> well, it's not just new york and la and other cities of chicago and philadelphia and dc. it is a crime in those cities that are pulling people away from the downtown sectors not going out as much and enjoying the downtown and the restaurants and stuff. on the backs of covid, it's been far more difficult with the inflation rates and crime issues and so forth of restaurants as we have begun the recovery and i'm optimistic in '24 we'll be better off and interest rates will come down and economy will

start growing but right now it's still a bit of challenge here in the restaurant industry. cheryl: cameron, i've started out talking about ppi and inflation with you. the producer price index as the restaurant tour. those are your input costs. so from the data level, are you getting better input and price on foods? >> yes, we are. our costs of goods down 3% over last year and continuing to climb downward, which is a good thing at this pace we'll be by the end of the year where we were pre-covid on that cost level, but we still have wage inflation. all though as a little up there cost up there year to date right now and we're getting some help in one area and still dragging in some others but the other

thing is we normally take price increase 2% spring and fall and last year -- two years ago we took 4% each half and taken a lot of price and we feel this year in this spring we elected not to take any price increasess withs company and we're not helping -- our revenue is not necessarily climbing like we normally would. cheryl: then the labor costs going up. i hope it gets better for you, cameron mitchell. thank you for being here and joining me on the breaking news. appreciate your commentary. i'm a big fan of yourr i'm a big fan of yourr restaurants by the way.ce we'll be right back, everybody.n ♪ drata points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq,

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cheryl: we've been monitoring the live pictures out of los angeles and looking at sag-aftra headquarters and this is duncan crabtree ireland, he's the one that announced at the top of the hour that ago-aftra, all actors, 160,000 going on strike. we have a double strike happening in hollywood and haven't seen it in 63 years and the strike starts tonight at midnight. earlier today, disney ceo bob iger was asked about the strike in an interview and said the hollywood union commands are "not realistic".

fighting back, i mentioned bob iger when listening to fran a couple of moments ago. obviously this will have a huge impact on the bottom line and the actors are ai and digital streaming and fran said at one point we were so far apart and they wasted 12 day extension of talks. the actors are fighting back and writers are on strike and said a moment ago that studios wanted to stan actors and use their image for the rest of eternity. this is all about technology. this is all about ai. this is all about digital assets, guys. we're going to continue to monitor this for you. this is one of the places for bob iger and going through december of 2026 and he's going to assess the company's tv

business, which may noted be core to disney. the chain owns a portfolio of tv networks and abc, they've got cable channels like espn and added that he remains intent on finding his successor and returned to post you may remember back at ceo in november of 2022 and replaced bob czapek leaving after a lot of friction with the company and shareholders and board members. the disney stock is marginally higher and that strike is now official and starts tonight at mids night. exxonmobil is exploring the shareholder getting 0.84 shares of exxon for each share they hold or $8.45 per share that . acquisition provides oil joint with the largest network of

carbon dioxide pipeline in the u.s.. this is the texas based companies biggest acquisition in six years. both stocks are down. exon mobile is answering on the news of denbury. analytics said online spending climbed 6.1% with consumer spending $12.7 billion during the two day event. might have been a little shy of estimates by the way. home goods, fashion, beauty and the top category. going 9.5% and 13.1 billion for to the day event. and amazon still the stock is up. via sat is plunging after the most recently launched satellite and the company said unexpected event occurred and deploying the reflector of the via sat 3

satellite and may materially impact performance. the satellite launched in april on spacex's falcon rocket and the california-based company said it's working closely with the manufacturer to fix the issue and didn't name the company at this point. stock is down 29%. all right, welcome back to earth with me, everybody. we're going to talk real estate with super agent dolly and jenny lenz joining me. we'll talk about the parts of the market still selling even with the higher mortgage rates. deals are happening. we'll be right back.

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cheryl: well, will keel inflation data lead to cooldown in high marge rates? freddy mack shows 30-year fixed rate mortgage at 6.69% for the

week ending july 13th. that is up from 5.51% a year ago. now while these rates are making most buyers think twice about buying a home, our next guests are see ago boom in luxury property sales and joining me now are real estate superagent ceo dolly and jenny lenz. are you still the ceo? >> we're sharing the title now. >> we have the lovely dollies and it's by fertilizer indicated and -- bifurcated. >> it's all headline. new york, two recent sales this week, $50 million, one downtown condo, 52 million and another downtown condo over 10,000 a foot. these recently sold for around 30. so took a $20 million bump in five years. that's crazy. >> unfortunately for the average consumer there's mortgage rates for the 30-year fixed and high

median home price and 32% higher and average consumer or first time home buyer and plagued by high inflation and it's really bad. cheryl: this is crazy, it's new york. two million and under is a starter home. >> it is. it's a first time home buyer. cheryl: so they're not buying in new york city. >> no. florida is very good but not great. it's at the peak and -- peak and price haves gone up so quickly and that people are being priced out of the market and showing up nine months later saying that apartment i saw for $2 million, can we go visit another one like that? now it's 3.5. they're like, wait a minute, it was just 2 million. >> summer is slow lime too florida like in the hamptons is the winter and people are coming and buying in the extreme heat we've been experiencing down l.

cheryl: going to the west coast you do a lot of business in san francisco. dolly, what change in san francisco. >> oh my gosh, it was the jewel and crown and san francisco was our personal favorite city and climate's favorite city and jewel in the crown is a disaster and residential is dead and commercial is deader. so several huge hotels have given back keys to the lenders and said i give up, i paid a billion and a half and gave me a $700 million loan and i can't afford to make the payments and we're not going to refinance so we're done. >> now it's worth half from a few years ago and we're scared it's going to cause contagion and building another and another hotel and those banks can afford to keep them on the balance sheets and that's going to cause more supply and san francisco is a disaster both in commercial and residential. >> commercial, you have your

hands in the commercial real estate industry as well and is it as bad as what we're hearing? >> it's worse. it's worse. a lot of news isn't out there, yet. they're trying to work with the owners of the properties to say we'll give you a short term extension. let's work this out. but the owners are saying, no, i can't afford that . unless you give me half an interest rate from before or do something else very creative i can't afford to keep this and continue to maintain this because they get to have to maintain it and these loans are coming forward in the next 18 months and can't see how this plays out. if you sit on the sidelines and make 5.5% on 6 month t bill and that's being paid for not doing that and not investing for what they're not doing and cheryl: keep saying with all the viewers and exactly. dolly and jenny, you're not crco-ceos yet and really have

fulls on the nation. great to see you. all right, we're going to take a quick break when we come back and talk a bit about the market and the dream home and you heard about it and fox nation, all the episodes are streaming right now. we'll of course take a look at that if you don't mind. i would love that. we've got breaking news on microsoft and more coming up after the break. dow 103. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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♪. cheryl: well the head of the u.s. federal trade commission, lina khan facing tough questions on her age's litigation record from republican lawmakers on capitol hill today. >> you seem to be losing quite a bit and i don't say that to be disrespectful but these are after all taxpayer funds. you're now 0-4 in merger trials. the average win rate for the ftc in the modern era is around 75%. so i have to ask why are you losing so much? do you expect to lose? >> would you repeat that? >> are you bringing cases you expect to lose. >> absolutely not. >> okay, your track record seems to suggest otherwise. cheryl: meanwhile, in the last hour the ftc requested a stay of court which would prevent the

close of microsoft's controversial 69 billion-dollar acquisition of activision blizzard. here to discuss this now, charlie gasparino along with former u.s. antitrust enforcer khan rahim. great to see you together. here, charlie. >> deputy attorney general, did i get that right? >> you gave me a promotion t was assistant attorney general in charge of the antitrust. >> you did run the antitrust division. the ftc is asking for a stay. they lost, they got slammed by the federal courts. i have not seen a ruling like that in a long time. was humiliating loss. makes me think, biden regulatory apparatus, important areas like ftc, your old place, antitrust, way too political? they're all political you were a political appointee by

donald trump but you guys followed administrative code. you get the impression these guys it is just all idealogical, and lina khan has idealogical baggage against big tech. wrote amazon hating trite tis when she was in law school what do you think about that? >> i think you have a point there in the sense that look, everybody is political. the question is where does your ideology come in and where do you step in to one of those roles and you're a law enforcement official? when you have to go to court to prove the case and that's one of the great equalizers here under our constitution. under our constitution ultimately the rule of law the fact that parties go to court and the government bears the burden of proving these cases. look, i lost the at&t at&t time warner, very first of these type of vertical transactions and you know, you know where you stand. i think the track record is

difficult. they're bringing difficult cases and some have been told by judges whether it is in criminal cases or civil cases go back, to your homework. did does not meet the standard. >> that is exactly what they did here. they said go back -- you did not do your homework. i find it fascinating. what i don't understand is, you know, it seems though that the biden administration regulatory apparatus is so idealogical, it is stopping logical mergers. this activision blizzard thing with microsoft was very logical. microsoft wasn't doing any crazy. wasn't denying product call of duty to anyone else. logical merger out there, acquisition in the media word, it is paramount. old viacom-cbs. sitting there. market cap of $10 billion. anybody can buy it. it should be bought. people talking how they are willing to sell it, shari

redstone, redstone family, but no one is buying it because of the justice department, isn't that the case? >> people are afraid. the threshold to bring a lawsuit under this administration has definitely gone down and so for the boards to approve a deal they now have to factor in even, if there is not an antitrust problem you have to go to court because they will sue you and you have to go to court and defend that and that time lag needs to factor in. a lot of the challenges in this particular transaction was the outside date for this merger was july 1th in the microsoft-activision. they had to really rush to get that litigated but that was pending for 18 months and that's the challenge. a lot of folks you know, don't want to get into the deals but if they challenge them you had the case recently, the district court with the justice department where the judges pushed back. united health change another one

was lost. u.s. sugar, another merger. >> if you were in that seat, if theres were a free market bunch in the justice department at the ftc would you see like a raft of deals like you would see paramount? you think these deals would go through? do you think big tech could actually get bigger? >> well depends. every single one depends on the facts and the circumstances of each of those but my guess would be, what i'm seeing from the outside there are still deals and deals that will get done but a lot of deals don't about down because parties don't want to be tied up for 18 months. >> that's paramount. >> one of more challenging issues not so much the enforcement action but so regulations coming for example, the ftc, this non-compete rule, this ban on non-competes which is very strong. they're in the cross-hairs of the supreme court already. recent 9-0 last in the exxon case. i think if they overreach the courts are going to keep on slapping them back. that's a real challenge for

them. >> let me ask you this, change subjects a bit, have you followed crypto world at all, xrp ripple case got handed down, xrp is big digital coin, ripple is a big crypto company. they sold it. they were sued by the sec case came down today and basically said, i'm not sure what it said. one-half said ripple lost and other half ripple won it is not registered security. have you make heads or tails out of this. >> i have not read it. at doj, we thought blockchain the technology itself has a lot of procompetitive potential. it needs to be regulated but needs to be done in a way you open up the markets. jay clayton at the sec and i were very you know, open-minded about that. >> right. >> but i have not looked at this case and i'm looking forward to reading it. >> i will say one thing about you, makan, you are not a

ideologue, you're a free market guy. you called them as you saw them when you were in that chair. nice to see you, pal. >> thank you. great to see you. cheryl: sorry i mispronounce ad first name. i gave him a promotion. >> i gave him a promotion. cheryl: you gave him a promotion. he deserved great interview, charlie. the ftc also cracking down on artificial intelligence announcing an investigation into openai over the potential harm from chatgpt but our "countdown closer" still sees opportunity in a.i. let's bring in essex senior portfolio manager nancy prial. nancy, great to have you here. a.i. is the top i can for months, top i can today, digital scanning of actors scripts. they're saying nope. fascinating space but you still like it? >> we do still like it. we think the forces that are going to drive a.i. are basically inexorable. there will be some fits and

starts. whether or not chatgpt is the ultimate winner we don't know but what we do know this technology and the ability to use a.i. to drive product activity improvements for workers everywhere will be tremendous. think of it like the beginning of the pc age, beginning of word processing. think of how that changed our work world. what that did to jobs, opportunities it created. this is just as big if not bigger. cheryl: the fight is on, nancy, for a.i. everyone is trying to own it including elon musk, excuse me, he just announced his own a.i. company. it is called xai. don't have any idea how he would say it. that is what we've got right now. that is elon musk. you can never predict him. everyone is trying to grab this technology, profit from this technology. the concern from washington and from regulators that it is dangerous. what do you say? >> well there are definitely risks and there's a lot of uncharted territory here. there is a lot of regulatory

risk. think about who's liable when the a.i. is wrong, whether it is an automobile, whether it's an airplane, whether it's a doctor. so we need to get through that. there is obviously privacy risks. there is lots of concerns about cloning and will you know what's real and what's not real? sew we need to get some guardrails if you will around it. having said that, the amount of money that is going to be spent over the next five to 10 years of developing the technology, building the guardrails et cetera will drive a major, major investment cycle. we think the best way to play a.i. is to invest in those companies that will benefit from those investment cycles right now so you can think semiconductors, semiconductor equipment, other equipment suppliers into the ecosystem abuse that's where the money will be spent in the short term. cheryl: we're looking at nam tech, clean harbor, sustainable tech you call it. before you run, i have about 30 seconds with you.

small cap, a lot talk about small cap, you're into it. >> we are. we see the valuations being attractive. when you look at names like sustainable tech, industrials, domestic manufacturing, reshoring manufacturing small caps are the big player there, a big part of the benchmark. we think they're winners. cheryl: interesting. nancy, i got to tell you we're all looking for that next opportunity with the inflation. looks like it is cooling. then you have the markets on fire. i love the a.i. picks. i'm so glad you brought those to us today. nancy always a pleasure to talk to you. here we go, guys. dow, s&p, nasdaq, again fourth straight day of gains. is it me? [closing bell rings] my fourth day of hosting what can i say. we're tracking higher. that is it for "the claman countdown." i will be back with you tomorrow. liz will be back on monday. "kudlow" now. ♪. larry: hello, folks, welcome t