don't believe. >> well, it's simple. the nasa mission to psyche is october 5 i think and the whole point is to see how to mine this 10 quintillion pile of resources we need to make high-tech. it sounds science fiction but it isn't. now it's been announce that had we're moving to nuclear thermal propulsion engines. in other words moving away from chemical rockets to nuclear propulsions to go further and stay longer. charles: all right, and maybe bring more stuff back. you are just a wealth of information. you're so dynamic and i love your thinking and these conversations. pippa, thank you very much. >> thank you. charles: folks, handing over to kelly o'grady in for liz clammen. kelly -- claman. kelly: charles, thank you. bulls are letting their foot off the gas on the first trading day

of august with 59 minutes left of trade and dow up 79 points and a bit of green and s&p down 500 close to 9 and nasdaq close to 48 and russell 2,000 down close to 12 point-blank layupses. this breather -- 12 points and this breather comes after five consecutive months of gains where the major averages have been able to notch really impressive gains. year-to-date, the dow is up 7.5% and s&p 500 over 19%, nasdaq up close to 37% right now. despite today's hiccup, omeletten heimer is betting that the -- open heimer is beg the -- oppenheimer is beg the s&p 500 notches a new high to 4900 and that would below past the previous record made in january of 2022. speaking of records caterpillar hitting an all-time high and solely responsible for the gains right now and shares up 8.5%

after reporting strong quarterly results driven by a surge and demand for the construction project and as impressive as that s look at computer companies aarista networks and up close to 19% soaring to top of s&p 500 and on pace for a record high close. we're going to find out what's driving those gains when ceo joins me in an exclusive interview this hour but first, let's get right to the floor show with the trader whose port follow up -- portfolio up 176 points year-to-date. dutch masters. dutch, thank you for being with us today. >> glad to see you, kelly. kelly: i want to start off with the obvious question, you know, i just related all of these highs and five consecutive months of gains and big question is going to be how long is this going to last; right? the saying sell in may, go away.

if you had done that, you'd have missed out on close to 10% in gains but we already starting to see some cracks in the veneer of the consumer i would also. what's your take? how long is this market rally going to last? >> you know, we're looking at charts and watching the moneyed wantals and watching earnings and positive guidance and outlook and healthcare did it yesterday and there were a slew of companies the week before that did the same thing. when you look at technicals, you can argue that things might look overbought and however we're a very momentum and growth oriented company and you don't get returns like this if you're not. we don't believe you should be in the stock market if you're not going to try to get growth. the bottom line is we are

looking at s&p 500 at 3935 and we're right in line with oppenheimer and i didn't know they came out with that . that's interesting that they did. we think it happens in the next two months. we're actually looking at a potential melt up in the s&p 500 over the next couple of months. this lock out rally as they call it is characterized by very small, tiny little pull backs that meet with what we feel, is feels to us like some very solid steady institutional buying. kelly: yeah, that's interesting you're in line with oppenheimer because i was looking at some cd and money market rates, they're giving stocks a run for their money right now. you've got added protection of u.s. government behind that and we're talking about 5% or more yields. o the multiples you're seeing in

the stock market are very attractive and i'm curious if you think some of those less risky assets will get investors embrace those versus continuing putting their money in the stock market. >> i think for certain investors that's rates that can be more attractive and we are obviously stock guys and so when i look at yield and stock, i look at a company like zion bank we bought at $20 a share and now $38 a share and had a 6% dividend along the way over the last couple of months. if i want to get 6, 5 or 6% i'll do it in a stock that's 37 or 38 that i think goes back to 45 or 50. kelly: sure. i want to switch to the sectors and there's a couple you're hot on. china retail. what are you looking at and where should our viros be putting their money? >> i think that the china trade

is on right now, and it's on in a big way, and the reason is they've got some problems over there, half of their youth is unemployed and they haven't seen the growth rates they need to see. they have some pretty heavy duty objectives for their military expansion and that continues so they've got a lot of objectives and social things to covid they need to pull the trigger and inject a lot of stimulus into the economy and they sawed that and said it made us stronger and yetier and they said they're going to do it and i believe them. some of the chinese stocks will probably double or triple over the next year. and they're already starting to move and you see a day like today, which is kind of lackluster in the market. we have a lot of stocks that are off two 2, 3, 4, 5, 6% and what do you see from, you know,

stocks like li, l-i. you see it big up. stocks like vips, you know, these are chinese stocks that could go a long way and we think we're fairly early in the trade. we like that sector and trade. we see -- go ahead. kelly: well, you know, i was just going to say i agree with you definitely that we're going to see that stimulation of the economy from china. i wish i had more time with you, dutch, i really appreciate you sharing your views and hope we'll have you back soon. >> thanks, kelly. good to see you. kelly: great to see you as well. i want to expand to the largest u.s. options exchange from the -- i want to bring in chairman ed tilly. okay, you've had 50 years on the ceebo and it's a landmark year 2023. what kind of activity are you seeing in options at this hour?

jowski hi, kelly. our records have doubled and that's watch ago retail investor become more engaged and interested in sustainable investing and derivative z of overlay and part of the strategy is a key to a lot of growth. kelly: i noticed you're on pace for more than 11 billion in contracts this year. this would be the fourth consecutive record year in a row in that space. why are some of the investors embracing that defined outcome that option option strategies offer versus, you know, going for more of those volatile stocks? >> i think there's still an interest in the volatile stock, but what we have been teaching

along with introducing brokers and having investors showing up each and every day and take a look at portfolio and hedging capability and capacity of options and change the outcome. kelly: something our viewers want to see those returns. i do want to ask you, i'm looking right now and ceebo market volatility. it's up a bit today. 1.5. over the past couple of years, it's -- rather we're in a multiyear lows. do you expect to see that calm continue in the market over the next year?

>> we measure volatility in the s&p 500. we can look out over time. if you look at on our website and look at vicks month by month and it's the view of volatility and each and every time duration. if you want to take a look at what volatility will look like six months in the future, you can do that. our market and the measure of volatility is really there for all investors to view each and every day in realtime. so we encourage vs. torrs to take a look at how the market is pricing on certainty over time. nosojust 30 days forward but the future's curve allows a lot of transparency in what the markets and traders in the globe is perceiving as u.s. risk. kelly: yeah, i think that's something that all investors are looking for. i know i want to know that more of that transparency so that's a good one to point out for viewers to go to your website and look at that. thank you for your time and congratulations on 50 years. it is a milestone for you and we

really appreciate you spending time with us today. >> kelly, great to be with you. thank you so much. kelly: okay, great. well, i have a fun one coming up for you. drop it like it's hot. rapper snoop dogg known for rapidly expanding business portfolio and latest adventure is a footwear lab with sketchers and the first style is dropping today. i love that little music, that back beat there. we talk about that and sketchers going into the pickle ball craze next with its cfo. the "claman countdown" is coming right back. ♪ you know, people always ask me, "kevin, what does being the ceo of cashbacking mean to you?" it means cashbacking every opportunity. did you cashback on this? like i wouldn't cashback? cashbacking by the basket, i see you.

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kelly: sketchers is getting some california love from the d-o-g-g. of course i'm talk about snoop dogg and they anouned a multi-weir partnership with the dogg himself. it's available at sketches now but -- sketchers now and will roll out two more collections in the coming weeks and this comes as the shumacher is coming in on the hottest sport of the summer: pickle ball. sketchers is the official sponsor of every major elite pickle ball field in america and the industry association 2023 report, pickle ball is the fastest growing sport in the u.s. for the third year in a row. so, how is this translating to sketcher sales? joining me now in a fox business exclusive is the sketchers usa chief financial officer.

john, thank you for being with us today. >> thank you, kelly. we appreciate being here. kelly: of course i have to start with snoop dogg. we have some of the sneakers onset here that we'll show in a second, but i want to read a quote from the release, of course i have to quote snoop himself when i can. he said wear them with a suit to a wedding or on a court with shorts, you'll look fly either way because these shoes are for everyone. now, i may get mad at my husband if we were to wear them to a wedding but they're pretty fly, i agree. he says they're for everyone, john. who are you targeting with this new drop? >> well, you know, snoop's right as usual. our campaign started with a super bowl advertising snoop in all walks of life is a good characterization of where we think this show fits for consumers. they are fantastic. i have one here. i think you can wear them to a wedding quite stylishly but more importantly i think they represent our deep collaboration with him to bring something new

and fresh to the market. it also lev ranges our comfort -- leverages our comfort technologies and it's what consumers enjoy about our brand. kelly: i wore sketchers as a kid and i would beg my mom that we need the new ones for going back to school. this one, i love, because it works with my outfit today so i might be wearing these out of the studio watch we're done, but this is a pickle ball shoe. i want to ask you about that because i was listening to your earnings call and heard you are seeing that doubling down on pickle ball segment and pay dividends and investing in the space and talk to me a bit more about how that driving sales for you. >> yeah, we're excited about the opportunity in tickle ball. we were one of the first shoe companies to actually design, you know, a shoe for pickle ball directly. we're a major sponsor of pickle ball, not only in the united states but actually across the globe. as you mentioned, it's the fastest growing sport in america.

these shoes, they're designed specifically for the sport. they're very lightweight and great to wear if you play pickle halleluiah and high -- pickle ball and highly recommend get ago pair on. it's a reflection of the performance division at sketchers, that extends from pickle ball to golf to running. maybe some other sports in the future, and it really is a testimony to how well and well constructed our shoes are for consumers across a wide array of endeavors. kelly: i love that you brought up a wide array of endeavors and the number of different athletic purpursuits that people can do n wearing sketchers because you've also seen great performance from tennis shoes and, you know, john macinro is saying pickle ball is ccannibalizing everything. have you seen that as far as

what users are turning to for tennis shoe s? >> not at all. it's an introduction opportunity for new customers to us. when people try skeppers shoes, they recognize what we know to be true, they're the most comfortable shoes on the market. it's for us an avenue into a new stream of consumers where they can try on our shoes and product and then they fall in love with the attributes and what that does for suspended ands allows us to extend into other areas of product portfolio and it is quite vast and extends from performance into casual and a lot of other categories so for us, we actually actually think this is totally additive to our consumer base. kelly: i want to switch gears a bit and i was listening to your earnings call. you beat on earnings, congratulations. it was a very successful performance in the quarter, but one thing i was hearing is your move away from wholesale towards that direct to consumer outlet has been one thing that's been really driven the fact that

you're on pace for $8 billion in revenue at the end of this year. so what can we see more in that segment from the future? are you looking to blow out direct to consumer? >> well, what we find is right now certainly our direct to consumer business is performing at a top level and grew nearly 30% last quarter, which is phenomenal. we want the sketcher location in as many locations as possible for the consumer and direct to consumer, that's where your average individual purchases shoes for himself or herself or their family, and finds the best opportunity to look at everything we offer. as we know, when we get people into the shoes and try them on and see how comfortable they are. that's really when we have them as a consumer and can extend into other areas. direct to consumer is a great avenue for that, but we're also open to wholesale opportunities. it's just right now what we're really see asking our direct to consumer business both online

and in stores is doing fantastically well. that team is something -- we're really proud of that accomplishment given the environment of the market today. kelly: real quick, you mention that had special experience of getting someone in store and trying on one of these babies. what is your plan for store growth for the rest of the year? >> we continue to see opportunities to grow stores domestically and opportunities to grow internationally. we'll be a bit more internationally biased as the brand continues to grow. we are over 60% that last quarter international and we really are a worldwide brand, but we see ample opportunity to continue to grow our store profitably both domestically and internationally. get them closer to each consumer out there. kelly: thank you, john. i appreciate your time and love the new line with snoop and looking forward to more in the

future. >> thank you for having us. kelly: now this, a slew of retail news coming up in the market movers gap. moving higher on an upgrade. we've got details next. and of course let's take a look at how the markets are doing. the dow is up 64 points right now. s&p 500 down 8.5 and that's nasdaq down aing 44. a whopping 44. we're coming right back. ♪ this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be.

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kelly: fox business alert and dow on pace for the up day on 17 somedays. other knews shares of retailer gap rising by 2.5% at this hour after barclay upgraded the stock from equal weight to overweight and raised price target from $9 to $13 per share. shares behind the retailer are at $10 and change there. barclay upgrading and raising target for american eagle, bath and body works and tapestry of coach, kate spade and they're sharing optimistic view on the retailers of improving sales of inventory growth and expects in the retail space to be resolved by the end of the year.

but, not everyone is green today. sharesopportunistic e s -- shares of estee lauder down after it was cited from buy to neutral and weakening in asia and the recovery over the next 6 to 12 months and sofi falling by more than 8% after yesterday's big runup. today's decline on the back of downgrade at kbw at market perform to underperform. kbw hiked price target by $2 to $7.50 per share and that target imply as 35% downside from monday's closing price when we had ceo antony noto on the show. >> we do expect to see a modest improvement in q3, more in q4, but the bulk of the improvement comes in 2024. we like to see that business migrates back to where it was in q4 of 19 but it's going to take several quarters to get there as payers and borrowers think about different options.

kelly: that was the sofi ceo talkerring about student loan repayments that resume in the fall and the impact on his company that . is the supreme court canceled president biden's student loan forgiveness plan and now he has a new plan that his administration refers to as save, that's acronym for saving on a valuable education. edward lawrence has more on this education saving plan. what do you have for us? reporter: good morning, kelly. the change lowers payments out of pocket and the saving on valuable education plan require as student loan to pay no more than 10% of the person's income. now the change just announced would make that 5% of someone's income. for many of those under the poverty level, it would mean no payment and eventually the loan would be forgiven under the program and another program where that would be forgiven in 20 or 25 years. for those over the poverty line, it would reduce the payment and extend the number of monthly

payments repaying the loan and the penn horton budget plan said the change to the save plan ads about $475 billion to ataxopayers that they have to pay over 10 years so some could get loans forgiven and economic experts worry about the foundation of the economy with this. >> it's not that economic growth will be that strong, but i'm doubtful about a recession. i think the issue will be when this government spending money starts to dry up, which it will eventually, you could have a severe weakness. reporter: borrowing money for school has caused students to make bad choices. listen. >> so maybe i'm not going to get a degree in german polka history and freaking useless spend up as a barista with $250,000 in student loan debt on the

taxpayer's back. so we've caused people to make different decisions by using funny money, borrowed money in education and we've messed up the idea that knowledge is what's you're pursuing here, not degrees. reporter: still, students can go to studentaid.gov and apply for the betafanely testing of the plan turnover margin -- beta testing of education. kelly: edward, german polka history i didn't know they had degrees. reporter: e i don't know where he got that one. it's a funny one. kelly: thank you for your time, edward. arista network hitting a record high and the act microsoft and meta plat for the purposes among the biggest customers in a fox business exclusive and arista ceo talks about the company set to cash in on the ai boom. and warren buffett said success will come if you follow your passion. what if it doesn't? does giving up your dream mean

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estimates thanks to growing exposure thanks to big tech investments and artificial intelligence. joining me in a fox business exclusive is ceo. thank you for being with us and this is your fist time on fox. glad to have you. >> great to be here, kelly. thank you for having me. it's a lovely day here at arrista. kelly: i'm sure. congratulations are in order we'll start on the results. investors are really psychod at your forecast for third quarter revenue in the range of 1.4 to 1.5 billion well above analyst estimates and what are you seeing in quart their makes you confident enough to boost your forecast now? >> i think to appreciate how we got here, the teamworked really hard on multiple uncertainties that were coming in. as you know, we had outsized years the last couple of years in cloud ti titans and cloud cax was a worry and the banks were having me through the fair share of difficulty with debt earlier

in the year and enterprise was a worry and a huge thing called ai coming out of the labs and in my view, artificial intelligence has been real intelligence. kelly: i love that you brought up the cloud spending and we've seen some of the big tech companies start to rationalize that space potentially as they overinvested maybe, but your results were driven a high demand from cloud networking gear and artificial intelligence and walk us through what arista products support ai and how they work. >> well, first of all, i think

when you ever that many data and arista has been working closely with the customers and it's been clear as they double down on ai investments, the network and dynamic load balancing and latency and performance and response to job completion times so they can build these clusters with thousands of processes is critical. but at the same time, what is called a back end network has to connect to what we're doing on the front end. both microsoft and meta are important examples of companies that are furthering the cause of openai and ai has become a killer application rather than something back in the labs. kelly: i'm so glad you brought up microsoft and meta, certainly big names we were focusing on in

the past couple of weeks and will be in the ai space. you know, as they've invested more, have you seen demand increase, you know, of course microsoft has been focused in on chatgpt. how have their investments increased what you're seeing on your end? >> yeah, there's a lot of give and take and these are clearly important customers of us and i like m&m as a candy and customer and we should double down and think of what to investment and where they're going to take off the gas pedal and do less. having -- ting becoming a more -- it's bye bye bying a more real world application and making sure the back end and front end is one cohesive seamless network is important

and arista is playing a bidenflation toll role in both and as one begins it'll lend itself to the other and two have coexist seamlessly. kelly: meta is doubling down and trying to catch up. they're set to unveil personas, which is also an ai chat bot. trying to compete with chatgpt. can you say if any of your products will be intertwined with that chat bot? give us an exclusive? >> i don't know. even if i were to know, i couldn't say, but i think the important thing to remember is network infrastructure really ignites all of these different applications whether it's per son that or chatgpt or meta verse or omni verse and there's a killer set of applications that are changing the way we deal with each other and realtime environments. so either these -- and for us it's not application or infrastructure but these kind of

chat boxes can be used for us to do deeper root cause analysis and security and threat hunting as well. ai is not only running on our network but we're enabling our network for additional security and root cause analysis. kelly: i love that you teased out that point and that's an interesting piece that as ai is developing, it can enable companies to develop it further. it's just that chicken and egg thing. thank you for such an insight into your company and how ai is playing such a important role. we appreciate your time today. >> kelly, great to be here. thank you. kelly: thank you. okay, now this. as american companies shift manufacturing out of china to the u.s., americans retirement funds are fueling china-based companies. we'll have both of those reports next. ♪

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♪ kelly: warning signs flashing for businesses in china as china's factory activity in july contracted for the fourth month in a row. while nonmanufacturing

activities slowed to the weakest this year but some american companies are taking that opportunity to return operations back state side. joining me now is lydia hu onset. what a street to have you here. lydia, how is the u.s. gaining from china's pain here? >> economists tell me long term this is really a opportunity for the u.s. to woo the companies and lure them back and away from china. even though that's a costly endeavor, the companies have growing concerns about continuing to operate business under chinese president xi jinping and their worries about access to supply chains, information to security and pressure to hand over technology to the ccp. well, now a group calls re-shoring initiative is forecasting that more than 400,000 manufacturing jobs will be created here in the u.s. by the end of this year. you can see here on this graph that's building on a growing trend going back to 2010 of increasing the number of manufacturing jobs here in the

states. some economists warn that in order to capitalize on this opportunity, the u.s. needs to change policies to be more competitive. watch. >> chinas has really a lot of problems. there are a lot of companies that are moving out, they're moving production towards mexico or vietnam or indonesia. in some cases to africa and of course back here the u.s. needs a better regulatory environment for manufacturing. we need to drop people back into working and not from home. >> one example to highlight for everyone is the recent success of bath and body works and the company is known for fragrant soaps and all the manufacturing in ohio and the company that brought production time from three to five months down to just 21 somedays. but in order to get that -- days but in order to get that

re-shoring accomplished, it tooks years of planning and they've been working on it since 22008. economists tell me one columbia seizure disorders that should not -- policy that should not change is trump's tariffs on american products and will help in the short term and make competitive for long term to re-shore more jobs here. kelly: great report. while i have you here, i want to ask you about green tech, potentially being one of the spaces that re-shores. we're seeing our solar panels manufactured in china. what are some of the challenges that you're hearing about bringing that over back to the united states? >> yeah, it's interesting. this re-shoring initiative, they catalog a lot of anecdotes they find on reporting and filings that are made with the government about what companies are re-shoring here and green tech is one of the spaces that i'm seeing mentioned often. one of the challenges though that the economists point out to me is that because of the regulatory barriers they say are in place here, there's not a lot of known about what rare earth

minerals lie underneath our soil and one thing that would be helpful is allowing that exploration and companies now if they come here, they'll have access to say for example lithium and how much would be here to make ev batteries. kelly: that's a great point. there's a lot of lithium in nevada right now. thank you for being with me today. great to have you onset. >> great to be here. kelly: okay. despite china losing american businesses due to those on shoring efforts, americans might still be boosting chinese businesses another way. today lawmakers announced they're investigating not one but two u.s. companies and one of them the largest asset manager in the world for investing american dollars into blacklisted chinese companies. grady >> reporter: you might not even know you're putting money towards these chinese companies. this is a bipartisan effort. lawmakers on both sides of the aisle want to dig deeper into these two huge finance firms and their involvement, potential

involvement with china. we're talking about the world's largest asset manager, blackrock and a top stock market index compiler, morgan stanley capital international, known as msci. the top republican and top democrat on the house select committee on china sent letters to both companies. they say their brief review found americans whose retirement and savings go towards these firms indexes and investment funds are unwittingly funding dozens of companies that advance the chinese communist party. the letter adds, by facilitating massive flows of american capital to these and other peoples republic of china entities linked to the chinese army or to human rights abuses blackrock and msci are exacerbating an already significant national security threat and undermining american values. >> we need to communicate to the american people the depth and breadth of the threat we face

from china and we cannot be facilitating that by massive investments into chinese communist party military modernization because that's like feeding the wolf that is going to eat us. >> reporter: here is what blackrock tells us like many global asset managers, blackrock offers our clients a number of strategies to invest in or exclude china to their. reporter: folks. the majority of the investments in china are through index funds and we're one of 16 asset managers offering index funding investing in chinese companies. blackrock also says the investments comply with all government laws here in the united states including sanctions. both blackrock and msci tell fox business they are cooperating with the probe. kelly. kelly: grady, since i have you here i want to ask you this feels a little bit more of that escalation as the u.s.

government starts to zero in, be a little more hard-line with china. do you think, do you expect we're going to see more investigations like this as countless companies are investing in china? >> reporter: absolutely, that is the whole point of this house select committee on china. it is brand new as part of this new congress and there really is bipartisan agreement congress needs to do something about at least overseeing where american dollars are going. this is just one example, kelly, but they are searching all over their, they did a trip to detroit recently, both of the lawmakers who wrote this letter to see you know, how the automakers can get away from relying on china for things like lithium batteries and other battery components for electric vehicles. yes, certainly kelly, this is the beginning of what is probably going to be a series of probes, investigations reviews, whatever you want to call them

into trying to get more information how american dollars r going to chinese companies and once they're there, are those chinese companies aiding the chinese communist party, the peoples liberation army? these are all areas that tease these lawmakers are keen to explore, kelly. kelly: you brought up lithium batteries and i know you have done extensive and excellent reporting in the ev vase. i'm not sure if you heard lydia's report which came right before you about some of these industries being reshored into the u.s. what are you hearing about that? are you going to see more ev companies, more of those companies that are creating solar panels, ev batteries, bring some of that to the u.s.? >> reporter: i think they want to, kelly, but it's a big challenge. using ford as an example, they're planning to build manufacturing facility in michigan that builds electric

vehicle batteries but they're doing so in partnership with a chinese company called catl and that is certainly a point of contention among certain lawmakers here in washington. they have concerns that ford could you know, potentially give away information to this company and it is a licensing deal. ford says that wouldn't happen. kelly: yeah. >> reporter: but as they are trying to build more electric vehicle batteries here in the united states you still have the challenge that all of those minerals, pretty much all of them are processed in china. kelly: right. >> reporter: that requires a whole supply chain and ecosystem that we don't have set up here in the united states just yet. kelly: well-said, grady. thank you so much for joining me, for fielding all of my questions. i was very curious today. thank you. >> reporter: you bet. kelly: now this. bp's stock down 1% after the oil

giant missed on earnings. bp reported a nearly 70% drop in second quarter profits from a year ago despite one of the biggest energy players taking a massive hit to profits other "countdown closer" still thinks there is investment opportunities in the sector. ross mayfield manages $360 billion in assets, an investment analyst at baird. he joins me now via phone. i want to get your take on energy? why are you so hot on it when we're seeing the results that bp just released? >> look i think it definitely has been a tough quarter and some backwards looking results will reflect that. you're seeing commodities reflating. you're getting good news out of china and obviously a u.s. economy that is incredibly resilient. the price of oil resilient, bouncing off important resistance. we think energy companies by and large have gotten more efficient, better allocating capital over the past decade.

we like them here. kelly: certainly energy is always the place to be if we see a market downturn. real quick what other sectors to you like? 30 seconds here. >> sure. i stay on cyclical sectors, industrials, broad-based, resilient outside of tech. consumer cyclicals. consumer continues to spend in the teeth of higher rates and inflation. that is durable. business spending post-covid is booming. the labor market is backing it up. we think that continues. >> thank you so much for joining us via phone, ross. always great to get your insights. appreciate your time. >> thank you. kelly: let's look how the stocks are closing out the first day of august. [closebell rings] kelly: both the s&p and nasdaq snapping two day winning streaks. dow only in the green on. that will do i. "kudlow" is next ♪ larry: hello, folks welcome to