these waves, right, until they don't work with. word today wise, until or unless it's clear that the u.s. stock market's going to somehow dive -- oh, and at the same time as we're diving, the rest of the world's stock markets are going up because that rarely happens, i say stay for the ride. stick9 with the good old usa. every company we talked about today that's ooh changing the world, born and bred in the ideas. so why not? why not? the only thing you may be worried about is that you waited too long, but if you start waiting around and guessing when the emerging market is going to do well, you're going to make a bigger mistake. find home grown names that are working right now, invest in those because i'd rather ride the wave than guess when the next one's coming. liz claman, those are my twoen cents. liz: hang on tight, because it ends up, long term, being with a wild ride.

toughen up, everybody. the bulls are looking at a threepeat as we kick off the final hour of trade, three in a row for the dow, the s&p and the nasdaq, the dow up 226 points. that's a good move. s&p up 57. look at some of the names crushing it on the s&p. tesla is one of the top leaders here for both the nasdaq and the s&p. catching air from a.i. the stock is up merely 7% at the moment. oppenheimer says the ev leader is launching a $3000 million a.i -- 3000 million -- 300 million supercomputer. best buy beaten on both the top and bottom line in the quarter driven by its black friday in july sale that it had, was trying to take on amazon prime day. that a spread lots of raptop -- laptop and appliance purchases. to the nasdaq, its sixth up day out of seven sessions, three

this in a row, as i said, nice gain of 226 points. while there are the no pure play crypto stocks in the nasdaq 100, a huge victory as nasdaq listed crypto squares, gbtc is the ticker, soaring right now. shares climbing nearly 17% after a federal appeals court today ruled that the securities anding change commission was wrong to reject greyscale's application to convert its trust, which is the stock you see right now, to a bitcoin spot exchange-traded fund. it's not a final word on any of this, but it could open the door to the first bitcoin spot etf. i mean, we just had the ceo right here a couple of weeks ago looking rather confident about this. and, by the way, if you bought crypto stocks near the recent lows, you are in the money at at this hour. coinbase, which traded at $48 back in may, is hitting $85 and change right now, coinbase being

maimed in a host of spot etf applications as what's called a surveillance sharing partner. basically, they need that to help control fraud and manipulation by setting up a mechanism for keeping track of trading, clearing activity, customer identity. that's coinbase that's getting the prompt to do that, so it sees a nice gain of about 15.8%. bitcoin, for its part, nice move, up 7. .33% or more than $1,902 bringing it to $27,911. all right. yesterday at this time we flagged you to be prepared for a day-to-day luge this week that a may be would have the muscle to pound or power the markets higher, and that's precisely what we got. this morning from the july jobs report, job openings in the u.s. fell to 8.827 million. still a lot of job openings, but it's a bigger or fall than the 9.5 million expected. it's the sixth time over seven months job openings have

dropped, weakening labor demand triggered hopes the fed is near the end ebb of its rate-tightening cycle. so stocks went up and yields went down. south. sparking a plunge in treasury yields to 3-week lows. 10-year diving below 4.2%, 4.129% at the moment. rook at the 2-year. after -- look at the 2-year. for several days it was roaring above 5%, now it is at 4.99 1%. 4.91%. investors in pardon me ma names still digesting the news out of the white house, the biden administration releasing its list of ten prescription drugs that will now be subject to the first ever price negotiations by medicare. all the drugs are widely used among americans, and the most expensive medications in the u.s. among the names, two diabetes drugs, yes move v.a., eli lilly's jarred january. j&j's so rell low and el

questions, those are blood thinners. so we're looking at a slightly mixed picture here but no dramatic drops in the pharma names on this news that now they'll be like the rest of the world. they're going to be subject to negotiation by the biggest purchaser of drugs, medicare. no sleepy august session today. i just laid out a whole bunch of headlines, but let's get the real dirt here. right to the floor show. joining me right now, scott bauer and kevin mahn, who by the way, likes one pharma name in particular. scott, if anything's sleepy, it's the vix. a 4-week low as stocks jump. is this the calm before the storm or just another day in the bull market? >> yeah, i do think it's really just another day because even when we saw saw the vix pop over the last several weeks, it never really got above 17, 18 level or so. but, you know, when you look at all of this data, liz, the fed is not the only one that's data-dependent. the entire market right now is

data-dependent. as you mentioned, we got the jolts report, right in much lower than expected, and look at what the market did here. and like you said, we have such a data dump this week with gdp, pce, adp data and the big jobs number on friday. we're going to see some big moves in this marketplace based on what these economic reports have to say. this is a big if, big, big if: if the data the rest of this week is, let's say, tame, similar to what we saw with jolts today, i think the s&p taxes on at least another 100 points prior to the next fed meeting. that's gown to be put us -- going to put us around that 4575, where we were right at the beginning of august. and i think if the opposite happens, if we start to see very strong eco-data over the next week, we could retest that 4360. overall, i think there's more upside than downside in the marketplace right now.

liz: the level is at 4,491. kevin, tomorrow second quarter gdp, and this is the preliminary number which is a little hard to wrap your mind around because it's actually the second print of this. >> yes. liz: the expectation -- well, the last print, which was the preview, the 2.3%, and as we look ahead, the expectation for the prelim is 2.4%, slightly higher. what do you think here? >> the economy's been slowing since the third quarter of last year. i know everyone's anticipating recession that may or may not come, but it has been slowing. even by the fed's own projection, they believe the economy's going to slow even further, perhaps to a gdp growth level of 11% by the end of the year -- 1%. they're forecasting unemployment to go up to 4.1% by the end of the year. these are all the intended consequences of all the aggressive moves by the federal reserve. finish. liz: scott, i do have to tell

you that as we continue to watch these markets, there's nothing slow about what's happening today although, yes, in the aggregate we have a pretty ugly august. august is traditionally one of the ugliest months along with september -- >> yep. liz: but technology is the big trade today. tech and consumer discretionary. some of that's best buy, of course. but if you hook at the tech picture at the moment, that seems to once again be rearing its head after a couple weeks of a pullback here. >> absolutely. and you know what? over the last several weeks and especially last week according to bank of america, their clients bought almost $4 billion in u.s. equities last week. so there's a lot of retail out there taking advantage of the selloff. and, you know, some of that tech weakness that we saw over the last several weeks. and i believe, liz, honestly, even if we get to that september fed meeting and they raise another quarter or they hold but indicate that they're going to raise again in november, i think the market is accepting of that

as long as this data that we get over the next week is in line kind can of on the soft side. and again, i really think that we can hit those highs that we were at the edge of july coming into this -- the end of july coming into this month. then it's all bets are off because all of a sudden we're going to be hitting earnings season again into the last quarter of the year. so i like the setup here. obviously, everything depends what we see over the next couple days with the eco-data. liz: the pharmaceuticals, we just talked about them. kevin, you say one out of these, and it happens to be one that that actually has a drug that will be subject to the new negotiations by medicare. president biden just spoke a few minutes ago. >> yes. liz: and as we look at a some of the things that he said, he said big pharma got a carveout for a long time and now, finally, congress got together, they got enough votes, and these guys will have to negotiate with the government.

but merck, you feel, is not going to get ham orerred in some unintended consequence effect, right in. >> merck's only trading at a forward multiple of around 17 right now. a a lot of free cash flow on their balance sheet to spend. i think they're going to start become more inquisitive. they're going to have to turn to a pipeline of drugs that they don't have, so they're going to use that cash. their inflated stock price -- liz: let's be clear, this is both a republican and a democratic issue. >> that's right. liz: both sides have wanted to wrap their arms around skyrocketing drug prices. >> we knew this was coming, rain that's why the opportunities with the smaller cap biotech names. regeneron is a a name we like, they're larger, but they had the innovative gene-splicing, crisper technologies that the big, large cap pharmaceutical companies need more now than ever. his will liz regeneron right now down just about a half a percent. mixed at the moment, not so for the broader market which is in the green.

kevin rain scott, great to have you today to. >> thank you, liz. liz: a faceoff. everybody stop what you're doing. a faceoff between marker berg and elon musk is now on the calendar, but it is not the rumored steel cage death match. up next, we're going to tell you why the frenemies will soon be meeting live, like next month. one thing's for sure, the two are definitely in a race for a.i. dominance, but so is the rest of the world, not just tech. are you ready to let a.i. make some of your medical decisions? before you say no way, wait til we tell you what one gigantic hospital chain is doing with an a.i. company. a lot are ahead on this story. the closing bell ringing in 50 # minutes. it's a tech-driven rally, as mentioned. we've got our eye on the nasdaq 100 which is rallying 2k full percentage points and 317 points overall. we've got our eye on it and all of the market tick by tick. "the claman countdown" is coming

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liz: guess what? elon and zuck have agreed on a date. i mean, not to punch each other out though. they've apparently agreed to join senate majority leader chuck schumer for an artificial intelligence forum with top ceos and founders that will not only include the two, but microsoft cofounder bill gates and satya that that a della are, google's sun daughter by they and open a -- openai's sam altman. it is, apparently, going to be a closed door meeting this coming month to address the growing concerns surrounding a.i., anden one of those companies has just

launched a tool to help users identify fake images generate by a.i.. google's research lab deep mind unveiled new watermark technology to help are recognize deep fake a.i. imagery. the experimental launch will be available to google cloud can's imagine text to image generator. it's no fakery that alphabet is jumping 2.7. but if a.i. is so good at tricking people, would you trust it to be a reliable tool to identify and track patients in the health care system? enter ascertain. it just launched a new partnership with northwell health, that's a huge new york hospital chain, to integrate the use of art official intelligence into the state's largest health system in collaboration with egis ventures. egis has committed $100 million to new -- to this new venture. it's going to cut down time

doctors spend on paperwork. here in a fox business exclusive, ascertain's ceo, the former head of health care and life sciences development at amazon. mark, you went to stanford medical school. you're a board certify ifed radiologist, so you're not just a suit looking to cut costs. what do you believe a. a i. can do for the. >> can-patient process? >> liz, thanks, first of all, for having me. i really, really appreciate it. part of reason why i decided to do this, why ascertain is such an opportunity is what's heartbreaking for me as a clinician is watching so many people in my field leave the practice of medicine because of all the paperwork, all the documentation, all the work that we did not go to medical school for. and that's something that artificial intelligence is just a beautiful tool to help us fix. liz: what will it do to -- listen, my dad was a surgeon. finish he a hated dealing with the insurance paperwork. he said i just want to be a

surgeon. i want to help people. so i completely hear you on that. but some patients and a lot of people out there who go to doctors are wondering, well, wait. what would it do to improve my experience with my health care providers? >> yeah, that's a great question. you know, my belief is that bots should be for paperwork and that doctors should be for patients. and one of the things that art official intelligence can do -- artificial intelligence can do is start to take all this dock up unittation that we have in the medical record and boil it down into summaries. and that's something that we can submit for paperwork, for preauthorizations, for discharge planning, and those are some of the things that we're focused on working with northwell on. liz: okay. so can you give me examples? i'm pushing you on this because we've had a company like palantir come on where they specifically talked about exactly what their a.i. tools can do, what their big data aggregators can do for the

cleveland clinic, for example. and they're getting all kinds of sign-ups from hospital chains. >> yeah. yeah, exactly. so one of the things that we're really focused on today is discharge. so if you've ever been in the hospital, had that hospital experience and you realize after you're done with your procedure, the last thing you want to do is stay there. and many people have to stay there much longer than they should. the paperwork that's required for getting patients out of the hospital, sometimes you need an authorization for a skilled nursing if facility, you need all the instructions, all the prescriptions. we can actually have a system -- we actually have a system that can go early on, look for all the things that you're going to need, make sure that paperwork is already put together so that you have it, you can get out of the hospital immediately. that's good for the patients, the doctors and the hospitals. liz: i'm looking at northwelshing they've been on the show before. there are some 20 hospitals. they have something like 855,000 employees.

85,000. so i am sure they would be thrilled to have a.i. tackle discharge notes and all of the minutiae that really doesn't have a lot to do with the actual patient. if i am a patient though, i'm always worried about privacy and the hipaa laws, etc. how do you insure that a.i. doesn't somehow take that baton and run away with it? >> yeah. i'm glad you asked that question. i think there's nothing more important to us than the sanctity of that data. and i think everything that we create within ascertain exists within the northwell ecosystem. patient data is dedeidentified, never tracked back. we always do this to improve patients' health. we make sure that's protected. and so when artificial intelligence models are created, we do them with the identifying data so that the data that can never get tracked back. liz: so as you work with northwell, what are you hearing? because this stuff gets around with competitors, but also with hospitals that are very

interested in streamlining all of this ridiculous paperwork. are you getting a lot of calls? what does the runway look like for a company like ascertain? >> yeah, it's been pretty incredible. within the first month at ascertain, we went on a tour across all the business units within the health care system at northwell. and i've got to tell you, at the top of everyone's list was implementing artificial intelligence. now we've gone on to other health care systems, begun to talk to them about problems with discharge planning, paperwork, making it simpler for the nurses to get their shifts scheduled, o.r. scheduled. there's a tremendous number of opportunities in this space. we're just getting started. liz: well, i like it. leave the paperwork to the bots and the patients to the doctors. we'll be watching this. i find that, hopefully, technology can get doctors' eyes and residents' eyes off the computer screen and onto the

patient. good to see you, doctor. thank you. >> thank you. liz: artificial intelligence is driving a lot of value for so many companies outside the tech space. up next, the stock ubs says could rally 20% due to a.i.-related tailwinds. 20%. that's a lot, so you've got to hear that a one. closing bell, 38 minutes away. the nasdaq just hitting fresh session highs, having its best day in a month, and just off the session highs at the moment, up 246 points as one of its most heavily-weighted components, alphabet, hits the highest level since 2022 thanks in part to not the watermarks on a.i.-generated images, but the $30 a month price tag it just slapped on new a.i. tools for corporate gmail customers. alphabet-google up 2.8% right now. we're come coming right back.

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so you can live your life. that's life well planned. liz: well, give us a a commercial break and you get higher highs, right? this rally's continuing to pick up steam in this final hour of trade. by the way, tesla, netflix both surging to fresh highs along with the nasdaq9 and the s&p. new session high for the nasdaq is a gain of 251 points, new session high for the s&p up 63 points. let's get to some individual stock stories for you. ubs foresees gains in oracle's future. shares of the software company rising 3.75% at this hour after

ubs upgraded from neutral to an outright buy. the investment bank also a raised its price target are from 120 # to $40 a share. it's right around $120 right now. on optimism surrounding oracle's, quote, underappreciated gpu, that's graphics processing units, capacity and cloud infrastructure. basically, ubs believes that the a. a i. boom -- there's that a.i. again -- could power oracle's stock higher by 20. shares are already up more than 40 percent this year. investors, though, are tapping the brakes on nio after the chinese ev maker reported a loss of $835 million for the second quarter. sock is down 1.6%. that loss is more than double what the company reported last year. deliveries also declined 6% as n if io launched a revised version of its es-6 crossover in may and was then forced to sell off a inventory of the original version at a substantial discount. shares of -- and we talked about

this company yesterday -- the seat a that please ev maker making a painful u-turn, falling 39% after a 6-day, epic, scorching winning streak. despite today's losses, vin fast is still up more than 400% since it completed its spac merger, but a pretty ugh ugly day right now. pkd holdings -- pdd holdings moving higher by a 15.8% after the chinese online retailer beat estimates for second quarter revenue, attracting price-conscious customers in china especially during the chinese 6/18 shopping festival is. pdd also reports its international shopping site, temu, is continuing its rapid growth, it was the most downloaded shopping app in the u.s. in the second quarter. investors dialing up at&t and

verizon after citi upgraded both companies from neutral to a buy. the investment bank believes it's a good time to go bargain hunting if the cost of cleaning up the head-wrapped cables -- led- lead-wrapped cable turns out to be less than feared. both companies has been down, verizon dropping 15%. that despite the gains today of 3% apiece for both those names. all right, we're keeping a close eye on this, we are less than 24 hours away from hurricane idalia making landfall in florida. the national weather service is predicting it will reach a cat three hurricane with winds up to 125 miles an hour when it hits tomorrow. just moments ago st. petersburg, clearwater international airport closed for the day. that follows tampa international closing its airport doors just after midnight. texas governor greg abbott earlier today announcing he is sending resources to help the state of florida with potential search and rescues which often

happen after a the flooding and the storm surge come in. so let's get right to fox news correspondent steve harrigan. he's on the ground in dunedin, florida, one of the cities within the cone of uncertainty where this hurricane, steve, might strike? >> reporter: that's right. we're here at the old bay café in florida, and really it feels like a ghost town here. most of the businesses like this one shut up for now, but people are still scrambling, many lining up for hours to get enough sandbags to try to protect their homes before they retreat. and can and a lot of people are retreating not that far from the coast, really just trying to get to higher land as a quickly as they can. right now it's a category one hurricane about 80 miles per hour. it's expected, though, to go over warm water, turn into a category three, 120 # mile-per-hour winds. to where that hits, and hopefully it's in the sparser populated area around the big bend, this is going to have enough power to knock down trees and houses, so some real concern not just about the wind, but about a potential storm surge of

8-12 feet. that could really hurt some areas like cedar key which are low-lying. we have about a dozen can counties where there's a mandatory evacuation under effect, but not everybody is listening. >> y'all staying or leaving? >> we staying. >> okay. whats' your name? >> stevens. >> just two of you? >> and a dog. >> two? >> yep, and with the schnauzer, three. >> reporter: preparations are already underway for the aftermath. the governor of florida says there's more than 25,000 power workers on the ground as of this morning, that's in case electricity goes out in large sections of the state. where they do anticipate that to happen, they've also mobilized 5, 500 national guard. liz, back to you. liz: steve, thank you. by the way, folks, if you have not downloaded the fox weather app, you have to. it is the most up to date information site on the storm.

you can also stream fox weather for free on your favorite devices whether it's fire tv, youtube or roku. age is not just a number when it comes to investing. right now 73-year-old well known investor dennis gartman has 86% of his portfolio in the one asset class. we're about to tell you what it is next when he joins me first on fox business. and just as importantly, he will detail why younger investors should not follow his lead. and wildly successful entrepreneur and investor kevin o'leary was just a a kid growing up in cam bode a ya. yes, you heard me right, cambodia, one of more than half a dozen countries he lived in as the son of a united nations employee. when he learned a crucial secret to success. and, no, it had nothing to do with money. today kevin's worth close to half a billion dollars and is creating companies still at a blistering pace. kevin reveals some really

intimate stories including guidance on how to find success in whatever you do. it's all in my brand new everyone talks to liz podcast episode, just dropped a few hours ago. find it on amazon, apple, spotify, iheart radio, fox news podcasts, wherever you download your podcasts. closing bell ringing in 26 minutes. new session high on the dow, a gain of 277 points. in fact, we've got fresh session highs for the s&p and the knack -- nasdaq too. you've got to watch this one all the way through. ♪ ♪ ve your business however you see fit. rosie used part of her refund to build an outdoor patio. clink! dr. marshall used part of his refund to give his practice a facelift. emily used part of her refund to buy... i run a wax museum. let innovation refunds help you get started on your erc tax refund. stop waiting. go to innovationrefunds.com you really got the brows.

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liz: all right. you know, we've talked lot about stocks, it's been a very solid day for the bulls. so let's check the 2-year yield. right now it stands at 4.99 1 # 3% after yesterday's treasury auction i drew the highest yields since before the 2008 financial crisis. -- 45 billion 2-year auction was awarded at 55.0324% -- 5.0324%,

so that pays interest at a 5% raise, also the highest since that year. famed investor dennis gartman is big on the 2-year which he started scooping up 14 months ago. it makes up 86% of his portfolio, but dennis says at 73, yes with, his age, his investing style shouldn't be followed by just about everybody. so how would he advice investing at 25, 30, 40? let's bring in him, former editor and publisher of the gartman letter, dennis is here on fox business. the 2-year's now 4.91%. explain how that works if you get the +5% yield during the auction and then suddenly it falls. >> suddenly it falls, the value of the portfolio that you bought ended up going up a little bit higher. liz: yeah. >> that's not what's important. when you're owning 2 years, effectively you're owning cash. and if they're paying you 4.5, 5, 5.5% on cash, it beats being

involved in the stock market on an aggressive basis. i'm a lot different now than i was at 20, 25, 30, 35, 40 years old. i'm 73 and retired from writing the newsletter, i still am the chairman of the qiewfort of akron's endowment, so i'm still busy. but when they're paying me over 4% for 2-year notes, i'm happy to take that. it's a no-brainer. liz: right. in the just cash preservation, it's actual yield. and even if somebody -- we have a lot of people in their 40s and 50s watching right now. would you advice short-term t-bills in they're all yielding a 5% plus. >> absolutely. the fact that you're getting almost 5%, you got, what, 5.1, 01 12 yesterday afternoon, you're down to 4.91 is today for the 2-year note, that's a very, very substantive return compared to what we had a year and a half, two years ago when it was at less than 35 basis points, as

i remember. so, yes, i would advise people to keep 5, 10, 15% of their income, of their portfolio in 2-year notes. i think we'll end up seeing the yield curve disinvert, long rates will go a little higher, short rates will come down over the course of the next two and a half years, and you're going to average 5%. that's pretty hard to beat for most circumstances. liz: on our screen is the 3-month treasury yield, 5.46%. but let's just be clear before we move on to better investments for the younger set. you've got to keep rolling over to make a t-bill stretch all the way for 12 months before you get that full yield, correct? >> that's correct. absolutely. and that can become cumbersome at times, so that's why rather than rolling over 6-bills, i've just been rolling over 2-year notes. liz: okay. so we've got the federal reserve meeting later in september, there's another meeting in november. fed funds futures show that maybe we might see a tightening

of rates in november. paused at least for september, that's what the market believes. let's say we've got 20-year-olds and 25 and 30-year-olds. what is a better investment, and do you bet on equities long term? because if you try and time the market and you dump out after half of an ugly august, you're missing out on a rally today, right? >> that's the problem with informing. that's the difficulty of investing. the fact that the you can get 15 and 20% declines, you have to remember when you get a decline of 15%, you have to go up, what, almost 28% to get back to even. so that makes it difficult can. the long-term trend of stocks here in the united states is clearly from the lower left to the upper right. so anytime you get a 15 is % decline in the stock market, no question if you're under 50 years old, you should be investing in the stocks. probably 60-40, 70-30 in percentage terms, be -- but wait for a good, solid correction. we thought we were going to get a good one, it was starting in

the first weeks of july, and it fell over this week. i've been wrong, i thought we'd continue to go down, or but we're starting to turn back higher. the trend of stocks in the long term is clearly from the lower left to the upper right. so if you're younger, be long in stocks. liz: and with your pie chart, you are long one thing. it's not stocks, it's actually gold. you've got a gdx position there. and why gold of all things? just because you're of that school that says you've got to have at least some of your portfolio in gold? >> bingo. that's exactly right. i think no more than 10%, usually somewhere around a 5%. it's a hedge against geopolitical risk more than anything else. it's not a hedge against or a hedge for federal reserve policy, it's against geopolitical are risks that happen from time to time. but what's interesting today, bonds are rallying, stocks are rallying and gold is rallying. that's a very rare circumstance, so i'm down a little bit for the day, but under the

circumstances, very, very interesting to see gold, bonds and stocks rallying on the same day. liz: very, very interesting. and the yield's coming down, maybe that's part of what is pushing the dow to up nearly 300 points at the moment. dennis, we hope you're around for a long, long time so we can keep finding out your shift in allocations. [laughter] thank you so much. >> thanks for having me on, liz. good to chat with you. liz: dennis gartman. still ahead, the latest from pharma bro. remember martin shkreli? the former pharmaceutical executive known for raising the price of a life saving drug by 5,000% and sentenced to his for a multimillion dollar fraud scheme? he was released in prison in 2022, but he remains in twitter prison. calling out elon musk for his continued ban of the platform. charlie gasparino is breaking the story next. he has spoken to shkreli. he's going to reveal what's going on with that. closing bell, 4 minutes away.

new session -- 14 minutes away. new session highs for the dow, up 299 points. the s&p up 66. up 301 for the dow. nasdaq, a big rally of 1.8% or 248 points. and volatility just keepses dropping, down 4%. no the fear on wall street, at least for the moment. it's at a 44-week low. ♪ -- 4-week low. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

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♪. liz: it's been more than a year since martin shkreli. for securities fraud. now shkreli is facing arguably bitter battle, going to war with ex-chief elon musk. how is that bigger than prison? i don't know, charlie. >> will this result? a cage match? liz: he has zuckerberg. >> shkreli is five six, 135. liz: i think shkreli is tall. >> maybe i got it wrong. we should point out ironically, not ironically, oddly going to jail for what he is most known for, jacking up price of the drug, 3,000%.

he went to jail for securities fraud. he ran a hedge fund. went afall of the law. seven-year sentence. spent four years. he is in queens in a penthouse and he's getting into a.i. and he has his own like a.i. shop right now. gupta ai. dr. gupta a.i. anyway, he. liz: i'm sure sanjay is real thrilled about that. >> i have no idea how he can get away with that. gupta is fairly common name. liz: it is like smith. >> what he wants is his original twitter account back which is now x. he reached out to celebrities to get that. why does he want the original one? he has a lot of followers on that one. 200,000, has all the past tweets, emails, his texts. he wants that back. he thinks he can't really be a, can't really, perform at his business, new business which isn't hedge funds anymore and it

is not pharma. it is this a.i. stuff which involves medical stuff, instead of going to the doctor for everything, you hit a bot, bot will not cure you on not serious things, tell you check it out for yourself. i don't think it is totally absurd. in any event he is challenging musk and we have the full interview. it will be on foxbusiness.com pretty soon, within the next half hour or so, he challenges musk. he talks about how he goes after, how he has asked celebrity friends. he told us off the record so we couldn't use it he apparently has some celebrity friends are friends with musk that went to him. and musk still, isn't like answering him. liz: even though elon goes on and on about free speech. >> he says this in the story. here is the interesting thing. i said why is he doing this? what do you think? he goes, well maybe it is because i was a short seller. elon hates short sellers. shorts took, that essentially went after tesla's stock.

elon doesn't like a.i. he is involved in a.i. most of all he think it is machismo. he thinks that elon can take his own ma cheese mo. liz: martin's machismo? >> exact quote, can't take two alpha males in the same room. yes. liz: let's get to a little bit of the crux of the matter. >> i found him interestingly a smart guy. liz: if your business cannot survive without your twitter handle, that is not a great business model maybe it does snow, we use it to promote our hits and our shows how twitter x is still pretty powerful as a tool? >> it is powerful. liz, it is about advertising, relevancy. it is relevant among not every american but a core part of america that have influencers and still relevant in that sense. liz: why was he ban in the first

place? we don't know? >> we do. we get into this in a story. he had a twitter tussle with a journalist lauren duke worked for team "vogue." and author right now. i don't know how, i don't have the exact text because his account is suspended so, but the way he says it he did kind of somewhat sexist texts, invite the lauren who is not quite a drummer, let's be clear about this, 2017 inaugural donald trump put a valentine with both of their faces with it. somehow, that is what he says. liz: elon goes own and on and allows people to come on with all kinds of black helicopter theories about nancy pelosi's husband? >> he mentions that in the story. you will see it. he mentions how he let laura loomer back on. kanye is back on. someone said a neo-nazi that got thrown off is back on. he makes, listen, i don't have

the lauren duca exact tweets to know how toxic they were but if what he says they are, she came out recently and tweeted i wish they threw me off of twitter and not martin. liz: charlie. >> check foxbusiness.com. it is a fascinating story. today was a very strange day in a lot of ways. i don't want to get to the other part but anyway. liz: tell you not a strange day for the bulls. they're absolutely loving it. the last three sessions notwithstanding august has been a very tough month for the markets. the dow s&p losing two% for the month. we have nasdaq down 2.8%. our "countdown closer" says the bears could stick around in september even despite the fact that it looks like the past three sessions we've had some real muscle here from the bulls. she has got the sector picks

that could soften the blows, september picks from nancy duid ameriprise financial wealth advisor, 1 1/2 billion under management. what sectors would flourish during what is known as the most ugly months of any year, september? >> yes, september into early october perhaps might be a little weak and that's not unusual. it is sort of the summer doldrums until the fourth quarter picks up but in a time like this when the market starts to pull back and we do expect it to pull back a little bit more, which would be normal and healthy for the progress of long term performance. good time to consolidate, rebalance, a good entry point but got to be very selective as always because you can't just throw money at sectors and feel like oy, you're going to be okay. this is going to be a little bit

bumpier in the homestretch to beating the battle against inflation might be a little trickier than everybody thought. liz: you so feel that utilities, health care, financials, are that place. utilities have not exactly been a standout this year though? >> no, they have not which is what makes them them an opportunity and of course they do pay dividends and dividends are a great split gator of mitigator of risk in a time of extreme volatility. liz: what about the tumultuous year for the financial sector in everybody thought higher rates would be better for big financials and even the mid-sized ones. we should keep in mind there have some regionals that may be held to a brand new standard of having more capital on their books. that enters into the picture as well when it comes to investing. what do you make of that opportunity? >> i will focus on the word selectivity. you have to be very selective.

larger banks will flourish with interest rates going higher the some smaller banks due to regulations you just mentioned will have a tougher time. financial companies are doing just fine. some insurance companies might have some difficulties just due to weather conditions. here in florida where i am today we're expecting this big hurricane that is going to be massive. insurance companies certainly feel out the collateral damage of that. liz: yeah. >> so selective, being selective is the most important word that i want to use here when it comes to -- liz: nancy daoud thanks to you. [closing bell rings] three-peat for the bulls who came out in full force for a stampede today. dow, s&p, nasdaq just seeing broad gains just off session highs when the bell rings. that will do it for us. "kudlow" is next. ♪ david: hello folks welcome