tv The Claman Countdown FOX Business August 7, 2023 3:00pm-4:00pm EDT
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them out of her own grade schools and colleges, kids don't want these jobs is heartb heartbreaking. is there any way to make it more appealing to him young americans who gives up that kind of money? >> absolutely that's a great paying job and were starting to see this hit the labor market as older generation starting to retire and that is a problem for the industry and that affects how much we want to produce if we don't the workers in reduction, i don't what is going to take to get the new generation. charles: we have to leave it there. i have to hand it over to my colleague liz claman. i am a little choppy in the handoff because i'm in vegas. any place you want me to say hi to some your friends? liz: i like the encore tower suites room service.
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tell those guys, there may people. before we get to the markets take a look at yellow truck down about 25%. it has been gyrated wildly since last week on news that it would file for bankruptcy and today that happened, the stock is at $2.67 but it morphed into a mean stock that retail investors are playing very heavily. this month alone is pop 55% with jaw-dropping selloffs and quarter to date it has soared 283%, charlie gasparino is looking at the funds he is back he has some news on who needs to stand to lose and when. even if you don't own the stock. let's get to the market after the worst week of march, the flipping the script and given
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the role of protagonist to the bulls at this hour as we kick off the final 59 minutes of trade, dow jones industrial of 405 points. the dow lost 393 points total last week driven by the fitch downgrade of the credit worthiness from aaa to aa plus. along with investors with the quarterly report those losses and raced we are up we are not down like we were for the week. s&p 500 located notch its first gains of the first five sessions. a big chunk of the gate with the s&p up 36 points coming from booking holdings united rentals a monster beverage which is on pace for the percentage gain since november of 2022 after an upgrade of piper sandler, nasdaq 100 investors saying booking.yeah is the leader. the travel website is also at the top of the tech tech heavy index. they see the price indicator up a half 8%.
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booking.holdings of private hopper set to 3332. that's an all-time record price adding to the solid earnings report that came out last week the current quarter guidance that indicates it will log record summer travel numbers. in the major industries it's more important big names on the verge of reporting their numbers, you looking for walt disney coming out on wednesday along with when, lions gate, illumina, amc, the theater ch chain, cinemark did very, very well profitability, rivian, lily, ups, lift also and fox is the parent of fox business thursday u.s. foods dillards
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news corporation, "after the bell" today watch data analytics palantir reports and luxury engineer lucid ahead of the reveals both are down but the market after last week's fall did you miss it was that it for the dip? let's get to a traders joy to be to traders with decades of experience, alan nachman and sargent guilfoyle, not too many market dips to get in on the cheap or cheaper than what they were but what could give investors another entry point this week. >> this is by the dip market for 2023 every pullback has snapback and made new highs we got to 4600 which was the technical target in the s&p and prophet taking earnings were a great catalyst. i think you have to look at the stocks in sectors that you have it to precipitate. i don't forget that many more
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pullbacks i look at energy and cyclicals onstage for the year. they could bounce back and that could boost the s&p and get us to 5000. liz: 5000, okay sarge, alan did not bite on what i was expecting, thursday we get the cpi number but more important in the core cpi that is extraordinarily important for the month of july. it is consumer inflation, the consumer inflation number. when you talk about core that is the volatile food energy which we know it does not make sense because we need food and energy why not keep it and up 3.3% year-over-year. if you looking specifically at the core the expectation is a gain of 4.7% june was 4.8% so it's not coming down a mess or swing in either direction that could affect the market. >> it will impact the dollar evaluation of the yield curve
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and we know geopolitically driven non-core inflation has probably hit its nadir back in june probably on the way back up that is food inflation caused by russia rare-earth inflation caused by china that is opec in week labor market data and some uncertainties here and i'm not saying it's going to be a down year but the toughest part of the year seasonally august is a give or take in september on average over 25 years has been a negative month so were going into a time of year when folks take money out of the market it's one of the few times out of the year. i think especially based on the inflationary data that we could run into some pickups here. >> which might mean another entry point but he just mentioned energy and oil and natural language that you are
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speaking but you feel like this is an opportunity and we've seen crude oil jump exponentially not year-over-year but definitely quarter to date in the last three months. >> in the last month we've had a bounce were above 80 the midpoint for the action of the last year if we get to the top of the range $90 a barrel it's very positive for the oil stocks in the oil sector and boost the overall market, nobody's paying the gas take at the pump but that could be a boost for the market and another catalyst that is a sector that left behind. 110 would be the target. 110 is not that expected if you compared to the record adjusted of inflation was $210 a barrel it would still be half of what that record all-time price was.
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liz: that's like telling people in the rate is the interest rates to buy a home were 19% they don't want to hear that they remember the low price, if there is a pretty market dip sometime this week or the next couple of weeks. what do you by. >> on buying the stock that's not rallying today i bought apple 177 in a buy it down to 160 which is 200 day simple moving average and i bought ge healthcare 75 and i'm willing to buy that to 74 and that is the band for the couple of months, palo alto spent beaten up over the last couple of weeks and i'm willing to buy it to 188 and the moving average and were looking to 60% moving group and 27% revenue growth as a relative about that today 149 willing to buy that underwent 31 which is a
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50 day simple moving average and that would report late aug august 50% earnings and 35 revenue growth, cybersecurity are unfairly beaten and their evaluation are off-the-wall but there important in the a.i. world. >> in the bell ringing, i believe the company has said sometime this year they will swing to a profit no guarantee that that will happen the a.i. has a play there? >> are you talking to me. this is my third-highest weighted stock with a portfolio that a run for real money. i am mentally very long for myself and the folks that have long for that portfolio. you heard what dan ives said about this last week. dan ives in my opinion one of
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the best analysts that we have in our space is in the topic 1% in the ratings over the rings and about 12% revenue growth it could be a good quarter. liz: allen, mentally and actually what are you belonging to when you see a dip. >> i let the markets tell me they are saying the end of 2024 short-term interest rates will be done before% that the present half lower than where we are right now if that occurs the dollar will not strengthen if the dollar weakens where will that put us resources i love u.s. steel and a look at the bottom pattern that we see right here an oldie but a goodie if you remember in the dow alcoa has a great bottom base, 60% off last year's high. liz: aluminum company of america, thank you very much our
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traders with decades of experience. you want to listen to these guys they are in it every single minute. >> presidential hopefuls have two weeks left to qualify for the first primary debate which is set for august 23 on fox news. interstage, get another businessman on your screen. the candidate joins the gop ryan binkley if you haven't heard of him he thinks you should hear his plan is your potential president. the major averages up double digit percentages into 2020 presidential election, is binkley ready to take on biden. we're going to ask him next, the dow jones industrial up 400 points. right now. ♪ ... soup and salad. thank you!
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>> 16 days away from the first presidential debate of the 2024 election. a slew of hopefuls will be discussing the academy, inflation for each downgrading one notch last week as another debt ceiling looms and president biden's performance will come into play for his being the ceo of the country if you're using the stock market as a gauge here are the numbers, election day 2020 the dow and s&p had run up 30% with s&p up 36%, the nasdaq is higher by 27%. that plus the crowded field of gop candidates present a challenge, ryan binkley says he's proud to take his win
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because of his business background. on fox business we welcome the generational group president and cop presidential candidate mr. binkley. ryan, the gop field is crowded it's tough to put more names, this is the debate group that has qualified and you are not on that right now if we show you the screen that has all the names on it. at this point it's hard to get any oxygen in you probably won't qualify for the debate because it's a few days away you're not listed on the major polls like real clear politics, what is your game plan. >> to keep sharing with america and in desperate need of economic revival and spiritual heartfelt revival that's what i want to lead our country to iowa, new hampshire right now and i would not count is out of the debate stage just yet we had
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7000 donors in the last week and we got one pole that meets the requirement for the harris poll. we're excited i plan on being there. liz: we at claimant content aren't counting anybody out yet. 7000 added to what you have is great but you need 40000 donors to qualify. can you get it to that point. >> or plan is 2000 today that's the track for the rest of the next 15 days. we hated all the states as well we have a great ground team but i'm sharing with america is time to get on track these are what people are listening to we are broken culturally and economically and none of the leading candidates, president trump are talking about the biggest thing hitting us today and that is our debt, that looks good on the outside but on the inside as you know we have a debt crisis in our country there, subversive and hit us in the head until we solve it and that's what i plan to do.
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liz: the other candidates, a lot of them not all of them some have come on the show and talked about getting us out of debt but a lot including former president trump have been busy attacking each other, what is your plan to get people to focus on what do you say is a belief that you could erase the debt, trillions of this in seven years. >> it's not raising the debt it's getting to a balanced budget. we have not had a balanced budget in over 30 years we haven't made a principal payment since 1992 i have to tell america the trouble were in, $32 trillion in debt. we spent 8% of our budget on interest but the problem where it's headed in the next seven day which is projected to be 50 trillion in debt and the largest item is going to be interest payments which we don't have the money so we roll the printing presses this causes
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runaway inflation this is the seven-year economic rescue plan and it really does this balances the budget in seven years and saves the u.s. dollar that's being eroded and save social security some of the biggest things that we need and saves from inflation. >> it is right back to the how, how do you do that, i was looking at your plan one of the things free spending at 2024 levels. does that go for defense as well, medicare which a lot of people depend on. >> what we're going to do it for you to reform healthcare is eating aware our economy is 33% of our budget it's expansionary 40% over regular inflation our healthcare plan totally brings competition, tries underpriced transparency puts the patient back on healthcare so will reduce healthcare for medicare and medicaid instead of having
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the budget automatically buys every year which is what we do today we will put wisdom and planning and it will take leadership in republicans and democrats and lead again and that's what we need to do you can't do it without both sides getting involved and he's been able to pass some legislation that has made a difference in game changing such as the industrial and infrastructure plan, build back better, he got that past and if you look at industrial stock, the narrative, things are horrible in this country and there up 12% year-over-year in the aggregate in bringing jobs back to america were doing that with the chips act there are serious flaws with the chips act that are preventing microchip companies from starting to build up here in the united states. that said how do you go against
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or rip and i'm getting the sense if you're a bridge builder how do you say i could do better than the current administration which is the current jobs not. >> right now we have to tell the truth, he had to add $4 trillion in debt for the next two years alone to get that done we had spiraling debt for the second time in u.s. history the u.s. credit got downgraded, that's horrible, and edition to that the u.s. dollar is being challenged in the nation today and were to be in trouble. lastly social security is set to horizon. in ten years 78% of the dollar going out will be received by social security recipients, whether telling is a half a truth we are to save social security in the u.s. dollar and quit the reckless spending and we can get inflation back in control, the average person with
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a 2% increase in interest rates that is a 500-dollar payment on a normal house payment today and this is hitting everybody. >> that is certainly making a big impact. as we finish up there people watching saying who is this guy. i've never heard of him he's from texas he's a businessman he's running as a republican what is the number one thing you are going to do. you're here first on fox business and that's important to get the word out to people who actually vote. >> it is time for america to unite again. we have huge problems that we never come together on and not solving the immigration prices and healthcare problems today and were not leading internationally as we stood in as we do this together i want to unite our country, challenge herself to fix the budget, make our decisions but do it for the next generation and sacrifice the least, it's our time to get
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her country back with the division and lead america to the greatest place of prosperity that is ever had. liz: you got the message from ryan binkley, will see if you can qualify a few days away from the foxnews debate. thank you for coming on we appreciate it and our viewers want hear everybody stories. thank you. >> and you can go to binkley 2024.com. liz: yellow no longer in the black the 1990 year old firm has filed for bankruptcy, charlie gasparino is coming in on what's ahead for yellows creditors which include uncle sam, the closing bell 37 minutes away the dow up 379 and the s&p gaining 33 points for three quarters of 8% move, the nasdaq up 54 points, we're coming right back. ♪ ♪
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liz: fox business alert on this monday a little bit of madness with the bulls. if you look at numbers we have the dow jones industrials charging higher by 362 points, the s&p up 30 in the nasdaq 47 in considering a big selloff last week we have vaporized much of the selloff for the entire week with the dow jones industrials, here is a stock
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selloff that may be started during the session to look overdone. tyson foods was getting roasted and dropped as low as $50 but that has torched off the selloff and now down for a half percent but climbed up to nearly $54 a share, the selling triggered with the meat and poultry reported a quarterly mess on the top bottom line tyson is blaming falling chicken and pork prices to slowing demand for the beef products. when the price gets to hide the demand gets clipped in your inflation is solved. >> supply and demand read about in the textbook it is closing for more u.s. chicken plants in order to reduce cost $52.93, let's look at campbell's soup the package food giant is buying rails pasta sauce for $23 a share, so vos is not there it
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said 2257 at the bobbitt. a huge gain of 25 and a quarter percent, the deal is valued at $2.7 billion which makes it campbell's biggest deal since the billion dollars of snyder's pretzels in 2017. the shares with a record high, campbell soup is down 2%. sage therapeutics being cut in half after the fda failed to approve the first of a kind oral pill for depressive disorder known as clinical depression. it was developed with biogenic, we are biogenetic 1%, sage is down 53.7%, the fda did approve the pill for postpartum depression but that is expected to be much smaller than the one for clinical depression. berkshire hathaway record high after the company announced operating profit top $10 billion
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for the first time their needs driven primarily by the insurance business were in buffett swelling to a near record 150 billion during the quarter at 120 billion parked in treasuries. brookshire hathaway up 3.6% let's look at shares of yellow corporation at the top of the show they are taking 30% after the embattled trucking company officially files for chapter 11 bankruptcy after 100 years in business. >> now it becomes about the creditors and we are optimistic about the ability based on the assets and based on the health of the company other than what the union did to it. were optimistic about how the creditors will fare in the bank of c. >> that is yellows lawyer that he feels good about the creditors in the case including uncle sam as the company plans
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to liquidate the assets, joining us with more details and news charlie who is back. >> i am wearing yellow. >> that was not intended by the way. >> these are stories that you predict but you don't want to predict it. 20000, 30000 would it be out of a job because of this 20000 teamsters and we were first to report this, marquez came on "the claman countdown" three weeks ago before the filing and said the get a file to teamsters don't agree to modest givebacks, teamsters did not. you have to ask why they did not. they actually posted on twitter about a month ago a rest in peace gravestone about yellow being dead. think about it. they were playing hardball to hardball even with their members you have to ask why would they do something like this. people inside yellowtail fox
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business that mr. o'brien police he has bigger fish to fry 20000 union jobs evaporated here buddies going up against ups they cut a deal with ups and the biggish fish to fry is amazon he's going after amazon and he wants to unionize the amazon workforce, we will play wicked hardball we will put a company out of business if we have to. liz: can i play devils advocate. >> this is key the givebacks that yellow was asking for were hardly draconian they were drivers that have to move. i worked at ups when i was a kid there are very strict rules with what the teamsters say their insanely strict. it cuts down on productivity in a major way and that is some of the stuff that the committee was
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asking for not major stuff, they were asking for givebacks, they were asking for lower wages, they were essentially saying do stuff that makes you more productive and they said no to that. >> this teamsters negotiated with ups and ups negotiated with the teamsters but yellow roadway over the past decade has made very expensive acquisitions and they have debt in the management i'm sure the teamsters would argue have made a lot of mistakes. >> you put 20000 people out of work. liz: why should the truckers have to shoulder the huge mistakes. >> they were asking for major givebacks. >> i'm just saying there was no point here is why i think his point is stupid. if you are telling me that when i could cut your pension or your wage we need you to consolidate some of your duties so we can
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save on productivity and make a go with this, that is minor stuff there is a bigger thing it's not this the sky wanted to show amazon because that's her next target, fedex we will go to the mat we are not playing around we will put a company out of business that's what people at yellow believe, they make a good case the stock is weird i don't know why it's trading at $2 creditors, mark hats with was talking about, creditors are people that lend you money or not the stockholders. the stockholder should be wiped out in this environment. all the money is good to go to the federal government, apollo is one of the major creditors and those are people that lunch money on the assets. all the mean stocks if amc goes
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out of business, adam aron, i have not said his name in a long time. if they don't approve the huge dilutive plan selling a lot more stock there is a chance that we will file whoever the stockholders and amc so far back in the line. liz: we have yellow corporation quarter to date up 265% it is a big mover. >> and 80 sent stock now it's up to jewelers and 50 cents. liz: charlie gasparino is back. ppaypal ust, grayscale's michael sonnenschein the big leader in crypto about that and the prospect of the first ever bitcoin bts coming to market. grayscale filed and was rej rejected. he thinks his is the one that
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should be approved. we will talk about that next closing bell 23 minutes away the dow holding onto 378 points of gains.em. ♪ at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. ♪ (phone typing) (message sound) (message sound) ♪ ♪ shut it down ♪ ♪ blackpink in your area ♪ ♪ shut it down ♪ ♪ what-what-what-what? ♪ ♪ providing for your family is a top priority. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions. sign up at your convenience with our anytime enrollment. join a christian community that supports each other's medical expenses, offering peace of mind as you prioritize what's most important.
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and taking release, the weight just kept coming off. (soft music) liz: sunday is the deadline for the securities and exchange to make a monumental decision to finally given and approve an application for bitcoin etf this one from kathy woods it is one of nine open applications with the sec for a spot bitcoin etf if you count grayscale fighting the fcc in court after it denied its application to turn grayscale bitcoin trust into a spot bitcoin etf then that makes it ten grayscale believes is etf has been ready in the most prepared for a launch out of the entire bunch, grayscale ceo in a
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fox business exclusive, what is the latest on your case with the fcc. >> were eagerly awaiting a decision for those that don't know the sec rejected the application for an etf last summer we immediately filed litigation against the fcc and were expected for decision could come by the fall at the latest. it's kind of ridiculous to say we may know by sunday whether they approve arcs. they only have to make clear on sunday they can accept it or approve it or reject it or they kick it down the road for several hundred days which is what they have been doing. >> the sec has a track record of continuing to deny the applications and have kick the can down the road and asked for more time to review getting to 240 day timeline and rejecting
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each of the bitcoin applications. >> what is different that you feel this should be the one that you look at and finally approve. >> grayscale bitcoin trust is the largest in the world is paved the way for all the other applicants to bring their products to market disclosures, operations, et cetera. there is almost a million american investors that buy and sell everything go day. when i think about the process that the fcc should undertake is not to pick winners and losers in all the right disclosures are put out for investors and we should believe they should improve all the etf applications at once they should have the opportunity to come to market at once and they have been ready for there's multiple spot bitcoin futures products on the market. >> if you degas and get inside gary gensler's mind. he used to teach a class on bitcoin at mit.
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he understands what's in his mind that he is rejecting all of these. there's the point where his job is to protect investors but from what, themselves. >> i'm not a guessing man i have too many investors i only point to sec filings that is that they do not believe there is sufficient surveillance over the underlying bitcoin market. if you take a step back when the sec approved bitcoin futures etf applications they said they have enough surveillance over bitcoin because the tide between the bitcoin futures that trade on the cme group in the bitcoin market. now we believe that the sec already has the tools to approve spot coin and others. liz: blackrock everybody got kicked up about blackrock and bitcoin talked 30000 when it filed its application and had to re-file and mentioned to the surveillance company would be they mentioned coinbase.
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who are you mentioning azure surveillance. >> let's talk about surveillance sharing it's not from the issuer not from grayscale or but blackrock it's between coinbase and the ets nasdaq nyse ls a share information about trading in the underlying spot market. this is not a need to have the sec already has that surveillance based on the bitcoin futures. liz: it was a need to have an blackrock check the box after they realize maybe not. >> if you take a step back and examine what this buys us the information is are neither. liz: you guys filed a lawsuit is seems that many companies are emboldened to hold on and fight city hall at the sec, coinbase is fighting, bite dances fighting, ripple has been fighting for many, many months. more than two years, judge
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torres decision and the ripple case was seen as a big win for the crypto industry. it ruled in ripple's favor she stated the token sales through exchanges are not securities and they could go forward. judge drake off, were getting into some detail but judge drake off has said he disagrees with judge torres position in crypto currency can be considered securities regardless of how they are sold. which one is right. >> if every crypto issue needs to go to the court of law and as the country were squashing the innovation taking place, when i look at these decisions and the movement forward that happened in the crypto industry it's been quite encouraging around the ripple case but we've been spending a ton of time in d.c. in legislation with bipartisan support it's moving off of the committee and a lot of the
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legislation that this congress could pass could give the industry the clarity it needs to move forward that embraces crypto. liz: that includes fighting for what you believe even if it means on any given day there is a so-called having of bitcoin that could affect their money. >> i think the biggest things in front of legislatures are the definition of crypto commodity versus crypto security and regulation of stable coins, adding further clarity would ensure companies and people working on crypto don't leave the u.s. because the regulatory environment is hostile towards the asset class but embraces it. liz: i am looking at ripple is trading around 60 cents. i'm sorry x rp is around that and then we look at bitcoin and bitcoin is treating 29000. it is great to have you we like to follow up and talk about the story.
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thank you. michael sonnenshein. the cage fight of the century. mark zuckerberg that would be meta as well taking on x owner twitter elon musk. so far all talk and no action. but "the claman countdown"'s vacated appearance on netflix regarding a different kind of battle that involves jake paul the boxer, to exciting stories were about to bring you, we're coming right back don't go away we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones
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get way more into what your into when you stream on the xfinity 10g network. ♪. liz: okay, folks, we have five 1/2 minutes right to go before we hear those closing bells. tesla under pressure after its cfo zachary kirk horn steps down. he will remain with the ev maker through the end of the year. the stock still at $120.72. that departure comes as elon musk says he pay require surgery. so what does that mean for the proposed sparring match between him and meta ceo mark zuckerberg. ashley webster, is this real or is this kind of, oh, my way of getting out? no, he wouldn't do that, right? >> one would suspect that liz,
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but who knows in this very bizarre story. here we are. after a lot of verbal jousting over the weekend the prospect after zuckerberg versus musk cage match may have to wait. he said he needs surgery on his neck and back. he will give an update later this week. we'll see what happens. meanwhile musk posted this on his social media sight, x, muck zuck fight will be live streamed on x, all proceeds go to charity for veterans. fair enough. zuck responded, on his platform should we use a more reliable platform that can raise money for charity ouch? where musk said, shouldn't you worry about your platt form from dying. no words, no action. if the battle of the egos or war of the weanies some are calling it goes ahead let's look at the
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tale of the tape, why don't we. in the re corner, take a look, zuckerberg coming in at five foot eight, 150-pounds or thereabouts. he is 349-year-old tech billionaire. wants to be a ufc fighter. trained in mixed martial arts. a blue belt in jujitsu. he is small but scrappy. worth 110 billion bucks. elon musk at six foot one, 187-pounds, 52 years old, admittedly not fight be shape. trained in karate and tae kwon do as a child, but how could that be relevant. that doesn't count in the ring. reports say zuckerberg installed an octagon in his backyard, why not. mrs. zuckerberg not happy about it. stay tuned, revenge of the nerds
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five still a possibility. >> an okay octagon? who cares. i don't think it will happen. speaking of fights, boxer jake paul, the focus of this new netflix documentary, titled, "unknown," jake paul the problem child. look who makes an appearance in the documentary? yours truly interviewing paul on the show, on "the claman countdown" and here it is, take a look. many accused jake paul of quote being a clown whose boxing turn is just another stunt. >> people love talking [bleep] about my boxing ability. liz: was i talking s? no, i said many others. all right. yeah, take a look at this, right? by the way, logan, his brother has been on the show. these guys are of course are big social media presences. they have made a lot of money just being them, just doing them.
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palantir, let's take a look right now. we're two minutes from the close. it is still down today but it is up, about 178% year-to-date as it is set to report earnings after the bell. our "countdown closer" says you know what, while palantir does twist with the u.s. government he likes pure play defense names. joining me, blake shine, wealth management cio of robert shine. good to see you very much. what are the names? what do you like here? >> well we like if you look at the geopolitical headlines, heightened tensions around the world, ppa aerospace. get two for one. get industrial play with catchup as you will see. it is a basket of 26 different names, all high quality, all large cap. liz: robert, do we need a war to see these things do well? >> you don't. in fact, like i said the industrials are playing catchup. it is great time to rebalance your portfolio.
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you have to add defense into your portfolio. now is a great time to do that. liz: ppa here on the screen up 15%, for one year. quick mention, do you like the market here or are you waiting for a pullback? >> you know always keep powder dry. we like energy here very specifically. if you look at all the earnings, energy always great right now to add energy to your portfolio. industrials, energy is a great spot to be in moving forward. [closing bell rings] liz: robert shine. there is the closing bell. stocks finish higher for the day. the dow snaps a three-day losing streak with a gain of 402 points that will do it for us. "kudlow" is next. ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. former president trump spoke saturday at the south carolina gop silver elephant dinner
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