raised $72 million but it was mostly from wealthy folks. i don't blame him, this is been the president of the elites and is not just the college loans. you should see the child tax credit up to 300,000 household income. money for ev's and solar panels and were talking about another group of people that don't own homes through solar panels is a mute discussion. maybe the poor can make their voices heard at the ballot box but i gotta tell you something right now, something needs to be done. this is not right what happened to the poorest people in this country as we are still dealing with runaway food prices more so than anything else. my good colleague and friend liz claman is back. he added over to her. charle: speaking of homeownership, countrywide financial has passed away. spewed luncheon. charle: what a controversial figure he became the face of the mortgage crisis. we will have more on that. in the meantime we have a bunch of other breaking news with the

final hour of trade. the s&p is on track to close at a new 2023 hi, let's put up the year today chart, the previous high 45, we've already blown through that, 4523 with 17 points at the moment, the broader index looks to sail through although anything can happen in the final hour. were at the best level since april 2022 at the moment. the nasdaq jointing 120 points, that the tech heavy index at a pretty stunning 35%. let's look at the dow it is tacking on 80 points at the moment, that is about a quarter of 8% gain the sixth straight day of gains for the dow jones industrial, key macro developments are pushing stocks to higher elevations assigned of a soft landing courtesy of empire index the read on manufacturing in new york state

declined less than expected in new orders showed a slight increase all indicated the potential for a soft economic landing. so soft in fact goldman sachs economist is downgrading the odds of a recession from 25% to 20% over the next 12 months citing recent data that indicated the federal reserve looks to bring inflation down to an acceptable level without triggering painful stagnation. it also does not hurt that last week's earnings set a good tone for the quarterly reporting season after announcing q2 profits was 67% j.p. morgan are powering higher by two at half percent, let's look at wells fargo up three and half% on the 57% increase in profit. here comes another big week, tomorrow bank of america, morgan stanley, schwab and pnc earnings. wednesday is a big major headline, goldman sachs, tesla,

netflix and las vegas sands report thursday abbott labs, j&j and american airlines. let's look at tesla it is higher by nearly 3% right now. that is close to the session high although earlier at the open of the markets, the company is announcing the first cyber truck has rolled off the assembly line at the austin, texas plant. conversely ford shares are diving at the moment down 5.5% on its move to cut the f150 lightning pickup 6000 to $8000 after tesla ceo elon musk hinted the cyber truck might undercut the f150 ev price of $60000. apple does not report until august but morgan stanley did not need to wait to raise his price target. the firm hiking apple from $190 to $220.

right now 193 and change and maintaining to overweight. apple reclaiming the 3 trillion-dollar market cap. so much tech news, ev, finance and consumer news developing in a fox business exclusive we bring in john's goalie who had his hands in all of it through his career, he is a former ceo of apple and pepsi-cola he is also the chairman of nirvana health this is a healthcare cloud platform a.i. company very exciting times. let's tackle apple if we can, 3 trillion what does tim cook need to do to build on a 3 trillion-dollar market cap. it gets harder as a company gets bigger. >> people have been saying that for years in tim cook keeps delivering and delivering. the reality is different than steve jobs he's not trying to invent new things that will scale as rapidly as the iphone did. what he is really doing he is a great operator he understand supply chain and global

businesses and he's been getting his growth not from his hardware but from his software and the software has high margins. i expect apple will continue to have momentum in will probably deal with better than what we just heard in your presentation. charle: am i hearing you say the hub evolutionary creations versus revolutionary like what the ipad was, the ipod, the iphone. >> i don't have any inside information, i'm just speculating but i believe apple can continue to do exactly what it's doing it'll change in strategy and continue to show higher and higher performance. even technically amazing as the vision goggles are the reality that's not a business that will make much difference to apple's performance for a long, long time. charle: india and the big

footprint is growing, morgan stanley hiked the price target citing the opportunity to apple. let's do a tilted tesla turning out after a 2019 announcement finally tesla is turning out the cyber truck out of the austin, texas giga factory. liz: there we go. this is the team the cyber truck team they all gathered swamping the cyber truck and a tad epic repercussions around the ev world. now ford is cutting the price of the f150 ev lightning what do you think happens, this is a fascinating projection, elon is hinted will be priced competitively. i believe the way elon thanks he's not trying to figure out how to replace something that is out there which is what ford and general motors are doing and how did they replace the gasoline

car with the electric car. what he is doing is saying there is a platform that needs to be built. i need to build a platform that has replaceable batteries, get a build a platform that has a network of electric regeneration for everybody's car and he's played a completely to regain with other auto companies and why he gets big premium. he knows how to play a different game. liz: the consumer appears to be holding up you are consumer you ran pepsi for many years. i'm interested to know how you interpret the health of the consumer as you sit from your porch and see what people are spending on what they aren't. >> you have to look at part of the economy where people have had discretionary income or a long time is still very, very healthy and if there was a recession a lot of us never noticed it. i don't think we will have a

recession read and if we did have a recession it was probably relatively small couple of quarters that did not have growth. i think for the most part premium brand products like tesla are not would be impacted by it. people going paycheck to paycheck are obviously being hurt. you can see that a lot of statistics. liz: i agree, i think that is true that volatility in the stock market remains low, were below 14. those that do invest in stocks have an opportunity and if they were too fearful because of nervous nelly's, they've missed a really strong run up. that leads me to a.i. a.i. has reinvigorated the tech world which tech stocks at the back half of last year really stumbled in the nasdaq, year-to-date up 35%. i'm absolutely stunned by that it's really impressive.

a.i., that's where you're focusing. it's focus on healthcare payments, tell us about it, you have a big announcement to make on "the claman countdown". >> we have a big announcement, i'm excited to some context i have a partner who is the founder and the ceo of nirvana health. robbie and i have been partners he is a president andy we've been working on this on reimagining how to modernize payers. there is a trillion dollars of fraud abuse and avoidable cost. all of those monies can be reduced with a pair platform. dollars ours are about platforms robbie has been innovative for several decades.

he's been able to put in all of the rules and regulations of the healthcare system across the entire continuum of care. and we have a very different kind of data that anyone else has ever had a healthcare and i'll give you an example of how we do it with a.i. and if you look at somebody admitted into the hospital and the billing code is called the drg, the drg the way had the hospital keeps track of all of the procedures, some of the patients are getting 40 or 50 or 60000-dollar procedures, they are in there for quite a while. the hospital wants to get reimbursement for that from the payers. in the challenge the way it's done today not particularly

accurate for even fraud and how it's processed. fraud, waste abuse, and the healthcare industry. the way to deal with that is to take that and use what we call predictive a.i., predictive a.i. we are able to go in and clean the data because we have access working with the payers and able to take evidence-based data and able to come back instead of two or three weeks with questionable results as we have now, we can do as fast as a.i. does it no one's ever seen it that is about $100 billion of potential savings for the payer sector just the one a.i. story. liz: we will follow nirvana

please come back we need to bend the cost, we need to crack it. it is gotten so outrageous with healthcare. thank you so much for joining us. john schooley, is not slowing down at all, thank you for being here. >> thank you, liz. >> move over ethan hunt in a rare silver screen planetary alignment tom cruise has released mission impossible dead reckoning will be bonked off the imax later this week to make way for what is expected to be a huge global phenomenon. christopher nolan's oppenheimer the new york premiere in a fox business exclusive we have the man who struck the switcharoo in a deal imax ceo, will talk about them with the box office receipts in the dual movie of oppenheimer and barbie.

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liz: here is something you don't see often in hollywood tom cruise big-budget action film will be taken up imax movie screens seven days after opening to make room for a biographical movie. mission impossible dead reckoning which opened last thursday has collected 235 million globally with an estimated $80 million in the first five days of the mastic

box office. starting thursday the seventh film of the mission franchise will be moved off all imax in north america to make room for oppenheimer to get the highly anticipated biopic about the creation of the atom bomb, oppenheimer has a rare three week exclusive agreement rare post covid to run on imax screens a deal struck before mission had announced its release date, here to talk about how it might pay off for the format giant and how it could reinvigorate exclusive theatrical window agreements many have left for dead. imax ceo joining us in a fox business exclusive. interesting times in interesting position to be in. how did the deal with chris nolan and oppenheimer come about on imax screens. >> chris nolan has been a dedicated imax filmmaker for decades.

he plans things out well in advance. a year ago he approached us and he said i'm doing this movie i would really like to film it with imax cameras and play it exclusively for a significant amount of time what do you think so we discussed and i read the book called american prometheus which the movie is based in we agreed and set a time. there was nothing set within a few weeks of it except the original date for mia, this was covid a different date of mi seven that it opened on. once in my seven moved rather than taking mi-8. mott moved it closer to when we committed to oppenheimer. i feel terrible i really like tom is one of the most supportive imax talents in the entire industry over decades.

but we just picked a date we had no choice so we stuck with oppenheimer and obviously now i'm really happy because oppenheimer is highly anticipated in a presales are through the roof. liz: are there chances it might break records, this is an interesting movie to be dominating on the imax screens is not a superhero movie it's biographical thriller but do you anticipate any records broken from oppenheimer? >> i don't. i think this is like a marathon. this movie i saw it it is phenomenal in the reviews have started to talk about it and i think it is a movie that is really going to play and it's a traditional superhero movie and opens big and it falls the second week in the third weekend. i think oppenheimer is going to have really good legs to it on a

global basis and you have to look warner has barbie coming out which is highly anticipated. i think that's an open really huge. i don't think people should analyze oppenheimer on what kind of record that has we can number one. i think they should look at it on a message the filmmaking and how it plays out over time. all in which i'm incredibly confident about. >> it's a distinct and immersive way to see this movie and people, the wall street journal article that came out saying people are buying tickets and other countries because there's an other states might not have the 70-millimeter imax screen. it must've been hard to say no to tom cruise, hollywood chatter he picked up the phone and called studio heads and said wait a minute, maverick totally reinvigorated the entire movie industry post covid did you get

one of those calls? >> i did never really good relationship with tom he is incredibly loyal and incredibly smart and incredibly detail oriented, who else called all these people, to deal with it. unfortunately they dated at the wrong way and we couldn't do anything about it and i thought i felt awful. we played our mission seven this weekend and it was the biggest mission opening $25 million globally and it looks phenomenal i wish we could play both, unfortunately we had to honor our commitment. all i can say i hope this movie holds up and still does great at the phenomenal movie. liz: what is interesting about this deal, it goes to show

depending on how well the movie does that the theatrical release exclusivity deals that used to be where they only open to the movie theaters first had gone away during covid they open simultaneously with streaming platforms, is that over? are the streamers asked out in the chill because now theatrical exquisite is back? >> the streamers have seen the like in their releasing their movies theatrically. amazon did create which is filmed with imax cameras and other theaters and we releasing to apple streaming movies as part of an exclusive theatrical release. one is the killers of our moon and the other one is napoleon from ridley scott. it's not just the studios to understand the value but the

theatrical release and particularly imax, the streaming services have as well. i think doing this was largely a failed experiment. liz: a relic of the covid era maybe failed experiment. that is interesting. all this excitement is happening as we have a tandem strike going on in hollywood and throughout the nation that the screen actors has joined the writers guild to strike this seems to be ramping things up a bit. now there is no content being generated at the moment if you're talking about the actors, susan sarandon, the head of sag, a very impassioned speech. you can change the whole landscape and platform of how businesses dump but you have to alter the contracts, here's what barry diller that used to run fox and obviously working in the mailroom's of the big agencies

back in the day here's what he said on "face the nation" on how to end the strike and then i will have you react. >> everybody is probably overpaid at the top end the one idea i have is a good-faith measure both the executives and the most paid actors should take a 25% pay cut. liz: easy for him to say he doesn't run a studio anymore. how does this end. >> it's hard to forecast. we don't really make a lot of original content except for documentaries and it doesn't involve writers and actors other than wild animals and different kind of other things and documentaries. we tried after covid to diversify our content and the end of the first quarter around 30% of our box office was local language content and then we do

live events. we do other things. it doesn't directly affect us. i hope it settles quickly. when you're in business for a while been in imax for practically 30 years. you learn things like this happen in business goes through challenges in the strike will end in life will go on. it's unfortunate is happening right now. right now it's about time for the industry just because were finally coming out of covid and so much content but we will get over it. liz: we have to run. your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back.

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a fox business alert new highs in 11 minutes we had the dow jones industrials up 123 points, the s&p up 22 the nasdaq climbing 145-point we started the program again of session 129. tech continuing to show real muscle but some other names not so much, at&t sinking to 30 year low after a second firm downgraded the stock city joining j.p. morgan by cutting its rating by at&t citi going from a bite to a neutral and lowering its price target from $22 to $16. stock is at $13 and change. the firm warning that the

company could suffer financial fallout with the wall street journal expose july 9 report revealed that u.s. phone companies have left behind a network of underground cables in toxic lead that could harm workers and communities located near them. if you look at other telecom companies getting painted with the same red brush verizon is jumping to a 13 year low down 6.9%, looming getting hammered down 7.8% at the moment citi downgraded as well in frontier down 14.7%. u.s. lawmakers are extending their social media investigation to meadows new thread platform. house judiciary jim jordan has asked ceo mark zuckerberg to hand over documents about content moderation on threads in response to an earlier subpoena related to the panels ongoing

investigation of tech platform policies the stock was down earlier that meta punched into positive territory up a half 8%. ev go powering higher with the deal of ohio department of transportation. the company is jumping eight and a third% at the moment as it extends partners, it's extended partners were picked by drive ohio for $13.8 billion funding award. the money will be used to deploy 20 fast charging stations. ohio is one of the first states to announce awards from funding released under the bipartisan infrastructure. it takes that long to shake out some of that money from that law. we have ev up 8% to $4.36. we were signing an agreement with room delivery for delivery options, stores that use room in the room delivery software can take orders from the overeat at noon exchange retailers can now use rooms services to create

online menus. liz: you figure that out. uber and vroom not the only one strike in a partnership. marriott taken a gamble with mgm results international. wait until you hear what the move will enable members to do and how it benefits mgm. we have the hotel ceos next. closing bell 27 minutes away. the dow is up 104 points, off the height of the session. s&p up 20 and the nasdaq up 140. ♪ 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!

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( ♪ ) constant contact. helping the small stand tall. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. liz: marriott is taking a gamble on gambling the world's largest hotel has entered a partnership with mgm international double that marriott loyalty members use their points tuesday at 17 mgm properties by the end of the year or the partnership will add

40000 rooms to marriott's database and marriott will receive a fee based on revenue. the partnership which last for 20 years includes 12 mgm las vegas properties and five others including biloxi mississippi and atlantic city new jersey, joy dimino both the ceo of the health hotel m marriott ceo in m ceo. you tested the waters with the partnership between marriott autograph and mgm cosmopolitan. 20 years is a big commitment. what convinced you to expand the relationship to 17 mgm properties. >> thank you, i think that you pointed out exactly what convinced us in. mgm and bill and his team acquire possible talented a little over a year ago so we had a year of working together, not only to see how well our loyalty

program in our revenue engines could help them optimize the performance of the assets but to see how compatible the court culture of the two copies were in the learning for both of us convinced us there was real synergy that we could leverage to the benefit. liz: i see that the bill, 30000 feet you're both in the hotel business. people could see you as rivals but obviously anthony mentioned culture. you would not hook up with other companies that do exactly what you do? what was it about marriott that told you this is worth two decades of a deal? >> go back and look at cosmopolitan experience although we owned it since may the relationship lasted for several years so we understood the performance and we understood the quantum and quality of the customer that they bring so the idea that we can partner up with a long-term basis the world's largest hospitality company with

180 million people that we could open up all that we do in the incitement of las vegas and the brand of las vegas and all we have to offer is compelling and the other piece of this which is compelling is 20% of our market is convention business and obviously marriott has been in a very long time so the idea of regular two companies together to focus on loyalty, loyalty programs and driving the destination and openly convention made for a compelling partnership. liz: anthony how do you see it adding to your bottom line beyond the booking fee that you will get. >> i think what really impacts us is 182 million bond members that they describe those are members that are passionate about our system because they are seeking new experiences. and you look at the breath and the quality of the portfolio

that they will now have access to it is not just the quality of the physical assets. one of the things are members will be so excited about when you look at the access to the content that they will now have sports, entertainment, i did not realize this until we started having these discussions, here in las vegas, mgm operates 500 restaurants and we have lots of culinary fans and the ongoing membership. the ability to access all those unique experiences is going to be extraordinary value. liz: culinary, i translate that to i like eating anywhere. the 500 restaurants. can i ask you how demand and occupancy are going in las vegas. the nation is sweltering, las vegas is in the desert can you give us an indication how anything has changed as we start to see more records broken with the sea? >> frankly it hasn't people have come to las vegas in the heat

for a very long time and while this week is exceptionally hot throughout the country in the region occupancy for us is in the mid-90s right now on a monday as we sit here today. the desirability, the market and what we've done how people expose themselves i'm looking out the window at the people, they are loving it a lot of folks are indoors, the conference business continues. it hasn't really been determined at all. liz: the last time you were on the show you talked about the increased difficulty of getting construction loans. obviously we have higher rates at the moment and the federal reserve looks like it may do one or two more. on top of that it's hard to get loans at the moment. are you putting a chill on that at the moment this is a way to add hotels or at least hotel rooms without putting a single shovel into dirt. >> we see constriction in the availability of debt particularly in the u.s. and

europe for new construction. as we talked about when we were together in new york conversions have an important part of our growth story in multiunit conversion are increasingly a big part of that story. i think when we were together last i talked about a portfolio that we converted in vietnam with a group called then pearl this is another part of the story the ability and one big deal to add 40000 rooms to our system at this quality with a partner like mgm, that is a career deal for the company i think it is transformative and something were really excited about. liz: 20 years it's not often you see that contract. certainly not in television. i don't know many that have 20 year contract to be on tv, it's great to have you both on "the claman countdown". thank you so much for coming on to talk about this. anytime. anthony and bill we want to see you again to see how it is

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commission chair gary gensler today addressing for the first time a manhattan district court's decision in the agency's contentious lawsuit against crypto company ripple. >> how does the federal court ruling last week in the ripple case impact your stance toward digital asset regulation? >> we're pleased from that decision recognizing the importance of protecting investors, the institutional investors. while disappointed what they said about retail investors we're still looking at it and assessing that opinion. liz: regardless the crypto world at large celebrating the judge's ruling that secondary market seals of the token xrp, which is now at 73 cents are not securities but the problem may not be over for ripple. charlie gasparino is here. >> we should back up a minute. that is off its highs. it shot up dramatically --

liz: but it was 30-cent a while ago. >> it was 30. it was, it is up to 73, but it was up 90%. there is the pop you see. it settled back down. it is obviously a positive rule if you hold the xrp as a retail investor. where this gets really muddied and bizarre, this is judge torres' reasoning most people think it is insane, somehow she delineates between a sale after security to an institutional holder and a sale of a security, someone who buys it blindly through a exchange. all brad garr link hoist had to do, all these guys made near billionaires on native coin xrp, sell it to an exchange, sell it to retail on exchange or intutions on the exchange t was a very strange ruling and if you sort of extrapolate it, that

saying apple if i go to apple and i buy it at the ipo that is a security but somehow if i buy it on my robinhood app, remember it doesn't come from the company itself at that point. liz: yep. >> that is not a security because you know, i'm a retail investor and then they don't have to disclose anything to me. think about this. judge torres is also saying you need to disclose to the smartest investors a lot of information -- liz: but not retail. >> just mind-boggling. in any event what will happen here. i think it is horrible ruling particularly for crypto. i tell you why. this is business needs clarity and regulatory clarity. we have mixed rulings and could be appealed. we think that will happen. we're talking to people with close ties to the sec, gary gensler said himself, we're likely appeal it to the second circuit federal court. try to get expedited appeal. you have to ask judge torres to

put an expedited appeal, something called, can't say interlocutory. that's it. close, close. say it again? liz: no. >> you don't want to say it. interlocutory, this might be my very able producers spelling it out to me, ellie, what is it ellie? not here. it is kind of like that, interlocutory. if judge torres grants it, she has to grant it, then it goes right to the second circuit for appeal. if she doesn't grant it they will appeal, this thing will take a couple years. could take couple years there is another trial. remember they sent it to the courts part of this thing, this case, if you read it. i read it twice. involved garlinghouse and a guy named larson created ripple. there is some negligence factor they will try to court. right now what we have is a very

muddled ruling a ruling nobody seems to think is good except for some xrp holders. they saw their price double at least, right? goes from 30 to 70. again it is off its highs. people are starting to parse through this saying is it really a far-reaching thing or is there something more here? liz: dumb question. can the sec appeal? >> they are going to appeal. that is what i'm saying. they will appeal to the second, question whether they ask for ex-pa expedited appeals for two years and becomes the law of the land in weird way. the sec could sue in another federal court. if they go, sue another crypto firm, suing southern district, suing in the eastern district, i don't know. you can sue elsewhere, maybe that judge has a different opinion. that's why they need caught of appeals verdict. who knows, maybe this goes to

the supreme court. we'll be talking about ripple for the rest of our lives. liz: thanks for interlocuting for that. >> i try. liz: thank you, charlie. dow on pace for longest winning streak since june 16th, six weeks in a row. big winners, russell and small and mid-caps showing the most percentage gains. we have it up 1.1% beating all the other majors. nice job for small and mid-caps. we heard from the ceos of marriott and mgm on two deals they just inked. marriott shares are moving higher. not too late to capitalize on the tie-up, our next guest says. he has a way to get on the potentially big tail waned for the travel and leisure space. we have advisors shares managing director dan ahrens. dan, between the two you pick

one or the other which one? >> i have a big holding in marriott, in advisors share hotel etf. it is the number two holding in the fund and marriott is already doing a great job capitalizing worldwide on leisure travel. we see business travel come back in a really big way. so among the big hotels we already liked marriott but does mgm tie-up is super interesting. liz: it is. also if you look at price, p-e ratios, mgm's p-e ratio is 10. you've got mayor wrote's at 22. wouldn't it make more sense to buy the less expensive name that has potentially more room to run? >> possibly but i don't think investors should choose between the two. they should own both probably in something like our fund. liz: okay. >> you know, anything that is las vegas especially the big las vegas strip has its owns set

of riskses that come along with it, its on set of volatility and you know we know that these whether it's a hotel operator or hotel casino operator they typically don't own the bricks and mortar. they don't own their land. those are held by reits in most cases. so we're talking about, you know, revenue on lodging, less so on gaming than it used to be even for mgm. so we like them both. liz: okay. >> but we like excuse me, marriott for long-term. liz: okay. >> it still has room to grow just because demand, demand remains very, very high right now. liz: you know what's fun? you get to cover all the good stuff. you like dave and buster's. you like bunch of other names, louis vuitton, lvmh, boyd gaming. we're seeing with lvmh, luxury names they're in the red at the

moment down around three% because china's economy and the gdp of china just missed expectations and they had been a big driver, all the newly wealthy people in china, big driver of purchases things like louis vuitton purses. tell me what you anticipate for that? is it a buy here because it is less expensive? >> now we're talking about our vice etf. it does own things like gaming and alcohol like you mentioned but louis vuitton is an interesting one. some people think we might be going into recession. we've been saying that for the last two or three years seems like, but luxury goods, whether it is higher end champagnes, higher end alcohols and of course handbags, shoes, perfumes, louis vuitton moet hennessey does that very well. they have both of best worlds and people that can afford luxury goods, luxury campaigns it is a little bit recession-proof, a little bit market proof.

that is why we like it over big beer for instance. liz: okay. dan, great to have you. thanks so much for joining us. >> always happy to be here. liz: not so happy for the bulls the dow has lost a lot of air. it is up 67 points. gains were cut more than in half. the big laggard verizon part of the at&t problem. "wall street journal" says that the big underground cables that have been left behind have a lead problem. [closing bell rings] the telecoms are dragging down much of the gains putting them off. s&p looks to close at new 2023 high. thanks for joining us. we'll see you tomorrow on "the claman countdown." ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right after a weekend of high-powered political news and events and interviews the question is, can anybody beat former president donald trump for the republican nomination? and at this poin