that old people are the absolute best. with that in mind i'm going to hand you over a little bit early to my colleague liz claman, i think you would agree. liz: yeah but are we in present copy? wait a minute. [laughter] liz: elderly have the wisdom in the experience it more often they have money than the younger ones. thank you very much charles we do need to begin with the fox business alert and we will get you more from florida's gulf coast in just a few minutes. we are nine hours away from tampa international airport closing to all commercial operations, here is why, you're looking at the current radar of tropical storm idalia. it's 80 miles south of the western tip of cuba and the national hurricane center latest forecast calls for the storm to

hit florida's big bend on the gulf coast wednesday as a category 3 hurricane, with a it'll bring about 150 mile-per-hour sustained winds and up to 11 feet of storm surge, the heavily populated tampa bay area could see 4 - 7 feet but the cone of uncertainty stretches from tampa, north to tallahassee. as i said will get to a live report from the ground. to the markets and if you stay with me until the closing bell you may witness something we haven't seen this entire month our friend is pointing out that the benchmark index, the s&p has not seen back to back gains over the next 19 trading sections in august, right now with a 18-point gain, the s&p looks to be up about, considering 29 points higher friday, you are looking at 48 or 50 points higher total, equity can finally

break that no two back-to-back games but if the market reverses in this hour august can be the first month without two consecutive gains since 2002. enough of the s&p, let's kick off the final week of trade with august even with today's gains all the major emphases are negative for the month, the nasdaq looks the worst looks to be down about 4.6 or 7% this august, this time you cannot blame federal reserve chief jay powell no fed meeting this month, since his speech friday at the jackson hole symposium, the dow, take a look the past two days the dow is up 392 points or 1% the s&p has gained 47 points in the nasdaq is up 206, what is the problem with august, you see with the nasdaq being down the most for the month, tesla, amd, meta are

losing juice this month, each down ten plus percent but keep in mind that it is nine-point to percent, all had big gains on the year, but show you the leader on the dow, 3m, minnesota mining and manufacturing hosting the dow higher at the very top gaining five important percent, the son reports of a settlement near in the lawsuit by 260,000 u.s. military service members who suffered hearing damage while in combat earplugs made by a company 3m had acquired, the wall street journal says the settlement could be around five and a half billion dollars, that is lower than the band that the market had expected. were waiting on big earnings report in the consumer space, tuesday, best buy, jm, smucker, h lots, wednesday, salesforce, victoria's secret, crouch strike thursday were waiting on dollar general, campbell soup, and lululemon.

a lot of consumer names, arguably none of those names has the muscle that 3p cases of economic data out this week maybe have to power or problem the market, let's get you geared up in the floor show, interactive broker in carnivore trading dutch masters, great to have you here, let's talk about the economic calendar wednesday adp and the second quarter gdp number, thursday the fed's favorite inflation gauge pce and with it you get income as well, friday the august jobs report were expecting 170,000 jobs built, which one of them or all of them has a power to gyrate the broader market up or down. >> i'm going to discount adp because the indicator and to see it's okay and a barometer for the friday payroll. to me the court pce is powells and the fed number one to watch,

point to percent which would be month over month, i'm starting to look month over month rather than year-over-year when you look at year-over-year you will love a month of stuff that is behind you boldly new pieces a month over month, annualize that in the last three months were getting closer to the target, the disinflation is coming that would be a helpful number and of course the payroll numbers are big to watch, 170 would be down and there are adjustments coming as well, we don't know the scope of those and we will see where they come out as an unemployment rate is projected to be 3.5% which is very robust that is very strong. >> a strong jobs market and a little bit of wavering and wobbling with the stock market at least for this month which bring me to dutch masters, you said you were long and wrong in august europe 97% year to date with your portfolio but why did you think august was going to

continue to be muscular. >> they were really making all the technical patterns to have little shallow corrections and then they would ramp right up and we thought that might continue then august 1 and second came around and this flipped upside down and this went down on a lot of our positions, the fed is trading liquidity from the system and stocks are up which does not make any sense to us, it is not supposed to work that way so we are short now. >> you are short in what form the entire market the major in embassies, different sectors? >> our biggest short we think there is going to be banking crisis 2.0 so we bought the inverse fac in size and we were short the s&p 500, the dow, technology stocks, the real estate sector in the russell

2000. liz: steve is here with interactive brokers, steve has a huge number of traders on the platform, what do you see as far as the flows are considering. >> the flows that we see tend to be eerily stable, for the first time that i recall tesla is not the most active stock, not a big surprise defined nvidia taken over the first place, we find the most part it's a pretty stable list they trade and the names that dutch just referred to the usual suspects, the nasdaq mega caps and then you always get things flirting from time to time as volatility presents itself like vss came out to join the top 25. liz: can you look at the 30000 feet and see if people are heavily long, heavily short, dutch's going short after a rough august. >> i cannot see positions, that is a chinese wall i cannot see

activity. activity has been relatively neutral and opportunistic, even though we've come off a little bit the trader still looks to be buying dips and selling valleys when they can although buying the dips is more treacherous for many of them than it has been obviously. liz: one of the big winners, i know you saw this today i'm not sure what kind of exposure if any of you had to chinese stocks but some of these names are up 7%, 5%, 6%, looking very strong, jd, weibel, e step 4.6% linear off the highs of the session, a lot has to do with china announcing multiple stimulus measures and then you have gina raimondo, u.s. cabinet member on the ground in china, these are tough stocks to hold or even to trade. >> these stocks will shake you out they will shake and bake we

set about a month ago that the chinese stemi was coming and it might help our markets as well and it took a little while for that to come around, the stocks are not much different in price than they were a month ago when we called it, were moving around and a lot of stocks that we see in the u.s. have crashed through the 50 day support levels and 200 day support levels. now they look like the rsi the relative strength indicator are looking like you might be able to buy these if your medium and intermediate term investor i'm talking american airlines, they just crashed and burned but now it looks like they might be in the range where you might be able to start accumulating but were so negative on the market i'm talking about long stocks is not something that i'm really excited about. liz: with american airlines and alcoa, they crashed to the 50 day moving average of what you

believe is a fall through the 200 day moving average these important benchmarks. what do you leave us with as we continue to wait on the data that most of his stars to pylon on wednesday, where do you see the markets when we have chairman powell, the market say with fed funds future that september meeting there will not be a move but now are starting to see november there will be a move. >> we are data depend i hate to echo the fed but the most important thing and just referred to as well we are fighting the fed. if they're not tightening their still not using, a peak in a positive not been a pivot. the idea that were expecting rate cuts as early as first or second quarter next year is probably premature borrowing the ability to say that we whipped inflation which seems unlikely or a recession call when the fed would have to act and no one

wants to root for that. be very careful what you wish for in this sort of stuff while we fight the fed. liz: good stuff, thank you both very, very much. it is the year of the strikes. always great to see you, according to data from cornell, more than 320,000 workers have participated in strikes so far this year resulting in big wins for the union, just last week american airlines pilots approved a contract that will boost their compensation by more than 40% over four years, the spokesman for the labor union representing the pilots joins us live next to discuss the recent victory, the state of the airline industry and what's driving labor unrest and success across industries. at this hour airline stocks mostly higher, southwest is a long one moving down fractionally as tampa international airport as we told you the top of the show it will cease commercial air traffic

just after midnight tonight and by 7:00 a.m. eastern by tomorrow morning all traffic will be grounded, this ahead of tropical storm, by report coming up, the closing bell ringing in 49 minutes. we agreed on the screen, the dow was up 166 points, you are watching "the claman countdown". we are just getting started. don't move. ♪ [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day.

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liz: i know it's august but if it were december the time for end of year winners and losers, labor unions would join the winners. we've seen the picket lines among hollywood strikers and actors and threats of ups workers in teamsters, truck drivers and now autoworkers are poised to pylon, the united autoworkers voted in favor of

holding a strike up a new contract is not struck by the current expiration on sept september 14. this comes after, here come the winners, the allied pilots association american airlines members approved a new contract worth $9.6 billion, it includes pay and per diem raises, more than 41% pay raise over the next four years, bonuses of 21%, vacation benefits and training pay, it is not clear skies ahead, the 50000 strong flight attendants union the association of professional flight attendants is currently, as in today and tomorrow holding the book to authorize a strike later this year, the vote ends tomorrow and if the union approves a strike it could cause major disruption to america's operation, joining on the fox business exclusive the allied pilots association spokesman american airlines pilot dennis teacher. i would imagine the flight attendant see the pilot union success and say we want that, we

want that too, how close are the flight attendants to approving the strike. >> i am not sure i know the marketplace is demanding more from certainty for every company no matter what you do and in the airline business on the pilot side we have delta, united voting. we just voted or contracted southwest is an outlier. when you remove the uncertainty, everybody knows what the market rate is you have to attract a few pilots that are out there and you can utilize the people that you have more effectively. the first step is a partnership and those who get to it even if you fight a little going in you are not exploited each other you're recognizing the marketplace and getting ahead of the competition by doing what you do better. liz: what did you guys do at the pilots union do right to shift the balance of power in your field and your favor. >> i don't know if it's shifting the balance of power it's leveling the playing field with the market in ensuring we don't

fall behind while we battle over the four issues, and in the marketplace is going to drive it. what it takes is a little bit of a fight, it's a business deal but the bottom line you are depend on the future of the enterprise that you fly for and that you work for in a fiduciary way, those who recognize that ultimately get to a deal and those who are going to lead the industry not only uncertainty but in getting your product back online which we've all fallen off the shelf from a liability to safety margin. liz: i always said the two people you never want to short in your life are your pilot in your surgeon. i have no problem, the technical know-how that you have to fly commercial jets is unbelievable. let me get on this with the flight attendants union and that i want to move on to the broader picture of labor. if the flight attendants and up striking, with the pilots joined them and refused to cross the picket lines?

>> that something will have to look at. i've been at this for over 30 years and flight attendants long ago struck, that is a question were hopeful to get to a deal this is part of the process, it does not sound good but they need to be prepared for what could happen if they don't reach a deal, the government is involved in their steps with us we voted in favor of the strike but the railway prevented from happening overnight but anytime you have employees saying i'm ready to strike no matter what the law says, you have a problem a morell problem, business transaction problem. >> what do you attribute to the new environment maybe because there's a demand for people to fill the jobs and a lot of openings we see with the jolt numbers, millions of job openings and labor turnover, the union appears across the board especially when you look at the deal that the teamsters ups was able to strike at the pilots union, what is the atmosphere and how long do you feel that at

last and as you made it clear a partnership between the company and the unions. >> the reality only a handful of workers in the particular fields skilled enough to do the job in case of the pilots in the mechanics and air traffic controllers in the other fields that is unique talent, there's only a few, if you want the best and brightest you cannot be an outlier to the marketplace, that is step number one. airlines realize that in specialized field with pilots it is a staffing revolution. in order to get to the revenue that is out there which is the other piece, the demand is not letting up in order to get the revenue and we want to get it safely, you got to work with people to make it happen on the front line were on the battlefield, we have things that we see better and management sees what hangs over our operation and how they could do better with us.

anytime you're talking you're always going to do a better job. liz: let's hope, speaking of safety i have to ask about the washington post investigation piece that they did in the indicates that the federal government and the veterans administration has found a bunch of military pilots like 4600 former military pilots who are receiving healthcare after they have left the military and in some cases they make them unsafe pilots have been applying jobs as pilots because are not revealing their health issues, what do you think about this how is it possible because we know a lot of pilots have to self-report any issues that they have. obviously they want the jobs, in some cases it is ptsd they are sufffrom, depression, and some s it would make them not able to enter a cockpit under a normal circumstances. >> the conclusion of the washington post article is to be

debated but the bottom line we have a very narrow window of our physical mental health and we have to maintain in its reviewed in most cases every six months and it's imperative that a full and truthful self reporting in any event is reported but the key to this is trusting that the faa along with airlines can work through these with you there are several thousand pilots waiting to get their medical license back in their backlog because of the bureaucracy in the faa they'll have enough people process it and it could take 12 - 18 month think about that period of time 12 to 18 months to get on the line with your dre have a pilot shortage this is induced in part by the federal government who is not stepping up with the one area, an area you addressed, we have to stand with our vet, i am a veteran as well and ensure the right

choices made and everything we could do to correct this and if there are any maladies in the process because it's important to keep healthy fit pilots on the flight deck but we are human and we need a hand with that sometimes. liz: unsafe passengers certainly enter put a finer .60 pilots have been grounded through this investigation. it is a small percentage but were watching that case and everything happening with unions and with the flight attendants. it is good to have you. thank you for being here. >> think fast, shares of the vietminh is automaker hitting the accelerator for a sixth straight session but investors who have heard of this name are certainly making fast money, could the stock represent a smart longer-term investment wait until you hear how big this copy really is working to tackle the move straight ahead. shares of gender backer gaming 4% at the moment as florida

braces for a major hurricane were getting give you a live report on the preparations ahead on the closing bell 36 minutes from now, we're coming right back. ♪ tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned.

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liz: we could see the first back-to-back wins for the s&p this entire month, 19 sessions and we have not had that, the s&p is up half 8% or 18 points

let's see if i can hold, friday in the green as well. let's get then fast, company raising higher, up nearly 20%. it is on pace to notched the six straight session of gains. you're saying what is this company, vietminh used electric vehicle maker and shares have already surged more than 300% in just the last week, they have been rocketing higher since completing a merger with black spade acquisition that was on august 15, right now the company's market cap stands at $119 billion. that is more than the market caps of ford, gm and still into his combined. we have x paying charging higher after its buying the electric car development business in an exchange of shares worth $744 million. the chinese company said with the new assets it will develop a lower-priced car that will launch next year.

i need to know how much but the deal is expected occur in stages in that soon as we know you will know. didi will get more shares of the mass-market card as well. x paying is up 4.6%. chinese automaker be widely getting into the electronic unit has struck a deal for the mobile manufacturing business in china for two-point to billion, the electronic manufacturer said the sale would be the largest in history. the deal will expand didi's portfolio and smartphone component business, they make smart phones, cars, batteries is a battery company that turned into a car company. we have byd up to present, jbl circuits up eight-point to percent. sticking with autos, mr. carwash, still looking shiny although off the highs of the session up 7% after piper cmb raised its rating from neutral to overweight the investment bank raise the price target from $9 to $12 shares are at neither,

$7.37. we are continuing to monitor tropical storm idalia in the preparation underway in the southeast, home depot and generac stocks are gaining this hour as floridians you up for what is expected to be a category 3 hurricane when it makes landfall on wednesday. where will that be, "fox weather" robert ray in clearwater beach florida with the very latest on the preparation efforts, the window is closing for people to fly out of the region, 12:01 a.m., fewer than nine hours, tampa's main airport will see the commercial flights, what are you seeing on the ground? >> an afternoon received mandatory evacuations as i speak to you, look at this if you can this is the inlet that is clearwater, we are on clearwater beach take a look at the business this is a charter business, it is a bar in the

restaurant they are packing up you see the u-haul they are moving all of the equipment in their because the storm surge is expected to be upwards of 7 7 feet. if that happens in this area unfortunately that is historical for modern times and we may see another scenario, god forbid like hurricane ian where boats are crashed up and businesses are destroyed that is why mandatory evacuation on the barrier islands right now and governor desantis and officials have been updating all of us for two days there is an army of personnel here and on their way. let's listen to what he told us. >> we will have tens of thousands of lineman position prior to the storm hitting the state and their job is going to be as soon as it passes to work to supplement all of the activity that is going to need to take place to get power restored, floridians in the path of the storm should be prepared to lose power.

we do have the starling internet that we use after hurricane ian and we is for 652 the impacted area. we were to get to those as soon as we can once the storm passes and as soon as we do not. >> not a lot of time to leave, some of the evacuations take 17 - 20 hours for hundreds of thousands of people to leave the barrier islands. would you look inside of the truck that is money, that is business, look at the coolers this is their livelihood and what were singing up and down as a mandatory evacuation was called a little less than two hours ago, we ourselves are going to leave this barrier island in the next couple of hours and we will positioning clearwater so we can report live during the storm as it comes in late tomorrow night, tuesday morning anywhere between 2 - 5:00 a.m. until wednesday am hours. potential for a category 3, as we know these systems can wobble

in if they come a little bit closer to the shoreline which is expected to be 80 miles outside of tampa but if it comes a little closer, the surge numbers are going to go higher and the catastrophe will be more intense. all i can think about i gotta be honest is the lives and livelihood of everyone on this island but insurance, the insurance issue in america specifically in florida with the disasters, we just hope that this is not a repeat of last september as we know hurricane ian. liz: was deadly and terrific, you and the crew stay safe, by the way for our viewers you must download the "fox weather" app, it is up to the second radar everything in the amazing - "fox weather" including robert ray is on this case. in the meantime let's get to the real estate sector, interestingly enough one of the top spots on s&p 500 this hour with all things commercial real

estate, in particular driving the gains post hotel and resort, boston properties and cbre are among the leaders, this is the washington post of a looming apocalypse and commercial real estate the ceo peachtree, the private equity firm focused on real estate and lending joins me next with who is right the market or the media, closing bell 25 minutes away, the dow jones industrial gating 171 points a high of a session again of 306, the bulls will take it, stating, coming right back. ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy?

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dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones liz: the washington post is warning americans about looming commercial real estate apocalypse. we talked a lot about this. rates have reset to much higher levels but economists are really worried that midsize u.s. cities

in particular do not have enough ways to offset the economic blow the warning comes at the same time as another advisory group the newmark group comes out and says it claims about 1.2 trillion dollars of the debt on the u.s. commercial real estate market is potentially troubled as concerns arise that defaults will increase the property value fall and cost rise for landlords due to current mortgage rate levels despite default concerns, peachtree group of private equity focused on commercial real estate is still doling out loans, lending more than $200 million in the last month alone, what is behind their lending confidence we have ceo greg freedman in a fox business exclusive, i am dying to know you are lending in so many with new commercial real estate loans but we won't give people a better deal just to keep them afloat with the refinance mortgage, how are you doing what you're doing.

>> it is a great question i started my company going back in 2007 from the ukraine financial crisis as well as the and in both cases we were very aggressive in buying debt and making direct loans to groups that needed capital during these disruptive period of time and it worked out really well from her investment perspective that's where we find our investments as the lender. as a newmark report shows there is less lenders willing to lend today and that creates a huge opportunity for us to be a direct lender in lend that better spread and lower leverage point and were able to take advantage of the dislocation market. liz: have you tightened your lending standards at all? >> we maintained the same lending standards per se and in some cases lower leverage points, were taken on less risk because of lower loan to cost or lower loan to value but for the most part were using the same standards we've always used as a

firm so we really haven't changed and how we approach the market per se but were being mindful to what the impact of higher interest rates are and what the impact is happening at different property types and different impacts to what's happening in the market there is a bifurcation going on and cross commercial real estate. >> you guys work to do great part in the hospitality space half of the 1.2 trillion worth of troubling debt that newmark is talking about is in the office space, how is the hospitality work, people want to travel and go to hotels. we have a lot of exposure to hospitality, is very well-positioned coming into this it's not fully immune to what's happening the hotel strata higher cap rates at the asset level, performance is really strong right now. there's robust travel the recovery from covid has been really robust for hospitality

for the most part there is markets lagging but for the most part they're doing well the asset level and they traded higher capitalization and there is actually less negative leverage and we have risk premium spread ability to what's happening across some of the other. liz: who will you not lend to. >> were very cautious towards office right now office is going through secular distress and it's really hard to figure out how you can reach those assets will look at the asset class on a case-by-case basis. liz: you blackstone walking away from skyscrapers handing the keys to the bank saying the mortgage that we'll is bigger than the actual value of the building itself. have fun with it, good luck to you. that is scary and brookfield is a bunch of big buildings in los angeles that are distressed were downright underwater.

>> is very scary the reality a lot of that the cost to re-tenet those buildings is a huge liability and across hotels you don't have that challenge and multi family for instance the challenge that you have is more balance sheet distress driven were higher rates, in a lot of cases they paid go back to 2021 the interest rates in the multifamily space was for 200 around 2%, today that is evident half percent. liz: the 30 year fixed today was 7.5 plus percent. people are frozen or waiting for a new home to come up that is available that they can already afford. pretty unbelievable, 7.6, i am sorry 7.6% is the thirty-year fixed mortgage, lecture 7.5%, finally, case shiller is coming out tomorrow the home price index across the nation it's a

little bit of a lag or two month behind but what do you expect and how does that translate to commercial real estate is there any link. >> there's not much of a link my expectations the home mortgages get so expensive go back two years ago the homework 275, today and half% that's putting a lot of pressure on the homeowners to afford to buy homes, there's going to be some softening in evaluations coming shortly. liz: i've got to go but i have to ask you any of the skyscrapers and office buildings in san francisco that are completely empty sitting there, would you consider picking up some of that is starting to look like a good price. >> if it's cheap enough we would take a look at it. it's not cheap enough yet. thank you so much. liz: he goes for the distressed stuff, thank you very much. peachtree is the company. what is next for social media platform x formerly known as

twitter. he's back charlie gasparino has the word on the street is bringing us details on what elon musk has up his sleeve. russell 2000, small and mid-cap up about 1% at the moment, that is again of 17 points, the best-performing major index today. it is certainly been a tough month small-cap having the worst august in 12 years, the closing will 30 minutes away, we're coming right back. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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♪. liz: we are coming up on one year since elon musk officially took the home at twitter now known as x. which the ev mogul purchased for a pretty massive $44 billion but name is not the only thing musk wants to change about the social media platform. joining us back after 500 years of not being here, charlie gasparino. >> sorry. i learned something in those 500 years, just how much you need your middle finger other than flipping someone the bird. i nearly cut off my middle finker. >> not how much i missed you is are? >> i missed you liz, we spoke a little. if you cut what i did, i wish it was a really macho story, i literally cut my finger cooking,

almost cut it off. this you can't do anything, can't grip anything. it is pathetic. liz: you're better now? >> my finger is attached. i can still give the finger, you know what but i'm not going to do that right now because we'll talk about elon musk. this is kind of breaking news. liz: okay. >> i tweeted it out last week. it got pickup. i'm adding to it right now. he is talking to bankers about making x formally known as twitter into some sort of a payment system and here is what really got him jazzed up in these conversations i heard, someone brought up the market cap of visa. visa, if you put it up versus jpmorgan, the world's largest bank, visa has a higher market cap right now than jpm. check that. liz: well, okay i have, okay, i've got visa at 391. >> no, we had it at 4. we just looked. liz: that rounded up to four billion. >> that is the numbers we have.

liz: i'm looking at thomson reuters, but we'll to with you. >> let's say we're wrong, say they're basically even, we screwed up on the numbers here. my point what got him jazzed a company like visa makes so much money charging, two, 2% on their fees, they can be disintermediated if you can come up with a way with a platform that can cut the fees to figure out money a different way. social media is just that platform, where you can essentially monetize, from what i understand what was being discussed with one banker i can't say the name, but it is a prominent person, essentially monetize the, the user information and cut the fees to basically compete against visa. do something like he did with paypal, only much more advanced obviously. it is going to take some infrastructure buildout. he does have $250 billion or so

in tesla stock. he will have to sell some of that. liz: what bankers would be interested since a lot of major ones lent him money to make the 44 billion-dollar purchase and now that company is not worth it? >> if you're still worth 250 billion you can borrow. you might be able to raise stock. he has that type of dough. obviously if tesla falls apart this guy is screwed, all his plans are screwed but he is thinking about a way to go make twitter x, formerly known as twitter work, and it seems like he keeps coming back to the payment system. we have put calls into visa, excuse me, tesla, into elon through his lawyer. they have no comment or when he gets back to us, he hasn't gotten back to us but this is real. this is going on and here's something else that is bouncing around and this i find is fascinating, he wants to create some sort of primary use digital coin on his platform. he is talking about that.

at least his developers are talking about that. the name that comes up? i don't think, i don't believe it, but dogecoin? >> he is emom more with dogecoin. >> i don't get it, that women be the currency with x, doggie coin? bowwow. liz: charlie, thank you, welcome back. he is trying to tell you you're number one. just moments ago, the u.s. state department gave the green light to a potential sale of joint air to surface missiles to japan. the deal is estimated to be valued up to $104 million and lockheed martin will be the principle contractor for making the missiles. shares up a quarter of a percent at the moment. they had dipped into the red earlier in the session. interestly our countdown closer says there a host of reasons he likes the defense company, should be in his client's portfolios, maybe yours.

cio of lance ford bennett private management. michael lansford. lockheed martin, a great defense company. you hear a lot of war drums beating out in asia, china's aggression in the south china sea, this kind of ramps things up, does it not, michael? >> absolutely. lockheed martin has been a cyclical company as well. it hasn't participated this much this year. that is one of reasons we like the stock. in recent rebalanced we added more of the stock because it was underperformed. the stock is still negative for the year. we hope it i impetus to get the moving. we look to things high quality that haven't moved yet and historically when it moves it moves big. not one of these that moves a little bit. it moves big when it moves.

liz: one of our traders, sarge, he really likes the defense names. he is waiting to see some movement there so you're not wrong about that. michael, you love companies here and elsewhere with a global footprint other countries are looking very strong certainly from a consumer standpoint. what are the names and what are the countries? >> liz, we always heard don't fight the fed in the united states but only seems to work when they're lowering rates. everyone wants to fight the fed when rates are going up. we looked at what other countries in the world have economic growth and are not being hurt by central banks hurting their growth by raises rates? obviously certain parts of the united states economy has been hurt by the rise in rates, and will continue to be. we're big fans with japan ironically with the deal with lockheed martin and not just looking at kind of the stocks, also we're looking at the currency. so the etf we use in fact both of them are long japanese stocks

but short yen. that is a huge difference in returns. if you just bought the japanese etfs you're up six, 10%. if you are bought the ones short yen long, up 20 basis points more. that is a huge deal. we like to continue to be short that. we also like india. obviously earnings growth there, the strongest gdp story in the world right now. liz: good to see you, michael, thank you. your two stock picks from consumer names people want to buyout right equities you have mcdonald's and diageo. thank you, michael. [closing bell rings] bulls out in full force on this monday. dow and nasdaq looking not just second gains in a row, yes, the s&p will have the first back-to-back gains this entire month. we'll see you tomorrow. ♪. >> welcome to a special edition of "kudlow," i'm brian brenberg in for larry kudlow. republicans on capitol hill are demanding answers from the irs

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