were given, and -- [no audio] -- charles: david, can you hear me? all right, you're fading out, and i've got 20 seconds. one last thing, these stock splits, okay? i read what the firm is saying, that these stock splits were done to stay compliant with nasdaq listings. but every time you split your stock, it becomes fodder for the shorts. i mean, when you go 1 for 25 and authorized 1 is for 100, you do 1 for 9, we know the folks pounce. it looks like we're having audio issues with david, we're running out of time. we'll pick this up again. we want to go over these stock splits which, to me, are nuts. we'll also talk about the role of dark pools because it really seems nefarious to me. right now i hand it over to liz claman. liz: buffett never splits the stock, doesn't pay a dividend. that's why it's six figures to buy a single share. charles, thank you very much. wait a minute, no five-peat?

after four straight days of gains for all three major indices, the nasdaq's still there, but the dow after zooming up 179 points earlier in the session is now down 40 points, just -- the 140 points, just off session lows, and the s&p flirting with the unchanged line. yeah, to the downside here. the bull party had kicked off, as you know, last friday. the dow took flight with daily triple and double-digit gains. the blue chips up over .8% over the past week. look at the s&p right now. since last friday, it has gained about 1.7%. the broader indc has seen a 1.7% gain, as i said, but that still does the not push it into the green for the month. how about the nasdaq? it's on pace for its eighth gain out of nine sessions with salesforce leading the way, up 2.4% for the nasdaq over the last week when you bring in starting friday. so let's talk about -- the.

[laughter] crm, yeah ors salesforce. the enterprise software giant beat on both quarterly top and bottom line estimates and gave a sunny current quarter revenue outlook driven by the velocity of its a.i. products released to customers. ceo marc benioff invoking the company's, quote, a.i. transformation. and, by the way, during the earnings call a.i. was mentioned 103 times. yes, i counted. if that included q&a with the analysts, but still. in fact, if it wasn't for is salesforce, the dow would actually be much deeper in the red. crm at the top of the blue chips right now. wells, jeffreys and truist all hiking their price targets to $275 a share. bofa is at $280. right now salesforce is at $2221 is-- 2221.99. overall, the market action mixed considering investors were waiting for the latest or

orrd -- to light a fire. but that key piece of information, july pce -- this is the favored federal reserve inflation report and core pce in particular -- a big, giant zero of a surprise. all the numbers came in line with estimates. but one thing that you need to note. year-over-year core pce, which excludes often volatile food and energy, came in at 4.2. yes, that is the same as the estimate. but it was a tenth of a percent higher than the previous month. so kind of going in the wrong direction for pricing and inflation. calm orer data though the, overall, this entire week from the jolts to gdp has market fear kind of hiding in the basement week to date. the vix has dropped about 13% this week alone. does this solidify the belief that we're in for a soft landing even if the federal reserve raises interest rates one more time this year? we're bringing in traderrer

teddy weisberg and euro pacific's peter schiff. teddy, this entire week's equity gains have been propelled by desirable data, not too hot, not too cold. but let's not forget that 99% of the s&p companies have now reported quarterly numbers, 7. 9% beat on earnings estimates and 633% have beat on -- 63% have beat on revenue. are the stocks, and this is the most important question, are the stocks that had the double beats the ones to buy now as we head deeper into the back half of the year? >> well, i, quite frankly, think it's a trifecta when it comes to earnings, liz. it is the top line, it is the bottom line, but i think most important is the guidance going forward. and, you know, you can kind of miss or get light on the first two, but if you get it the guidance right, if the companies come through with positive guidance, that's really the catalyst, i think, to drive stocks forward. and in the bigger picture sense, the question for all of us is, what is going to be the catalyst now that earnings are behind us

for the next couple of months ahead until we get into third quarter earnings? and this becomes a very difficult period for the stocks usually following or earnings periods. and the question is what will that catalyst be, and my sense is that we really don't know because all the unknowns,es all the problems are still there, the prospect of higher rates, inflation, so forth and so on. none of these issues have been resolved. the unknowns are still there. is so what's going to basically drive the the market into the next two or three months as we get boot fall, do if your guess is as good as mine because, quite frankly, i don't see it. i don't see anything out there to hang a hat on. but the good news is that the market, in spite of all these unknowns, sort of hangs in. august was a tough month. we had a good first six months thanks to a few tech stocks. july was a good month, the markets broadened out. august, we gave a little back. liz: yeah. >> now the real question is,

where do we go from here. liz: to that end, peter, if you look at the data since monday whether it was the jolts, cooler than expected, that juiced the markets because people thought, oh, then the fed will stop pretty soon, right? and then you've got gdp for the second quarter, it was the second print, that came in a little bit cooler. obviously, the pce, inflation number also in line at least. so why wouldn't it be a soft landing, and why not let -- believe that equities are off and running? >> because the markets are not reading the numbers propererly. first of all, today's numbers suggest that the fed is no closer to its 2 inflation -- 2 inflation goal than it was when interest rates were still at zero. if you rook at that a personal spending -- look at that personal spending report, spending spiked but savings collapsed. the savings rate is down to 3.5%. what's happening is consumers are not buying more, they're just paying more. prices are actually rising much

faster than the official estimates. and if you understand the dynamics of how the fed is going to reduce inflation by raising rates, the mechanism is that you have to reduce spending and increase savings. liz: okay, wait. hold on there. i want to explain what we have on the screen. personal consumption, meaning what people are buying, up .8% in july month over month, but personal income up only .2 which indicates people are spending more than they're making. and then if you look at, basically, the savings rate which is what i believe you've kept your eye on, the savings rate has gone down month over month between june -- >> it's gone down sharply. it's one of the biggest monthly drops that we've seen in the savings rate -- liz: and what does that tell you? >> well, one, it tells me that consumers are very distressed, and they're having to deplete their shallow saving pools to make ends meet. but it also tells me the fed is

failing in its inflation fight because the only way to bring down inflation is to bring down consumer spending and increase savings. and none of that has happened, which means interest rates have a long way to go in order to really return inflation anywhere near 2%. and i think an even bigger obstacle that federal budget deficits are actually much larger now than they were when interest rates were at zero. so the higher interest rates are having no effect on dampening government spending, all of that is fueling inflation. meanwhile, look at oil prices today, they're going to close out the month for the third consecutive gain. oil is up 20% in the last three months. that harley -- hardly sounds like an economy that's approaching 2% inflation. the markets have this completely wrong. liz: except that, teddy, if you're looking at it purely from an investment standpoint, the so-called mag enough center seven stocks -- magnificent seven including meta, those names have done absolutely

brilliantly year to date. do you still expect that those names -- amazon, tesla, microsoft, apple and, of course, meta, not to mention nvidia which has had a pretty darn good quarter, up 17% -- do you expect that those continue the run at that heated pace? >> well, the issue, the issue for those stocks and for all of us as investors is that's where the growth is. you know, there aren't too many really bright spots to go to, in my opinion, and one of them has to be tech. because it's tech, it has to be growth, and these are the big growth drivers within the tech sector. so, you know, whether they duplicate what they did in the first six months would probably be a little unrealistic. but clearly, if you had to pick a sector to invest in, that would be one of the sectors. you know, but as peter has pointed out, you can make a much better case for not owning stocks than owning --

liz: except owbt this? -- how about this? peter, you have cobbled together four names that may have technical aspects to them, but they are very low in price to earnings ratio, so you'd be buying them cheap. let's put them up on the screen. they include british american tobacco, all energies, which is a french energy company, shell oil and and nutrion which is an ag stock. and these pes are very low. 7 for shell and a pair of 9s for bat and totale. >> first of all, i don't think teddy is quite bearish enough. [laughter] it's not just about getting out of stocks, but getting out of the dollar. because inflation is going to be much higher than everybody expects. and so the yields, even 5% in a money market isn't going to cut it. i mean, a money market is better than going out and buying a 30-year treasury, but you're still not going to keep pace

with inflation. so those stocks that i mentioned that we have in our funds, i think, are great inflation hedgings. that's what you need. and some of these stocks like british tobacco is have come down because of the increase in interest rates because they're kind of like a bond proxy because the yield is so high. but i think what's important is that interest rates on bonds are never going to be high enough to offset inflation because the governments are going to intervene in the markets because there's too many debt. they're going to create inflation printing money to buy bonds, and so bondholders will never be able to even stay even with ebb inflation let alone have a return. liz: okay. >> so you want to own companies that have pricing power that can raise prices and at least keep even with the inflationary pressures if not get ahead of them. and i think people are going to smoke regardless of what the is cigarettes cost. [laughter] i think energy prices are going to explode higher, so those oil stocks. and nutrien is about 40% down from its highs from last year.

it did have about a 50% retracement. the stock made a big move, but it's pulled back with considerably, so it's a good point to be establishing positions if you don't have one. and there are other stocks too that i think are good inflation hedges. but that has got to be the driving theme. the fed has lost the battle against inflation, it's just that nobody understands this yet. liz: well, i'm glad that you pointed outta spending is up, and as we said, the savings rate is down, clearly we're not keeping pace with inflation on income. it's an important point and, as always, we thank you both. peter, teddy, thank you. just like her song "august," amc's taylor swift-induced surge of 18% earlier in the session has slip away like a bottle of wine. shares right now -- i don't even know what that means. how did a bottle of wine slip away? i guess you drink it quickly? shares of amc clinging to a fraction of a percent to the upside after the movie theater chain announced that taylor swift's wildly popular eras

concert tour will play in every one of its u.s. theaters, and fans rushed to snap up these movie tickets. there was so much traffic this morning that, look on your screen, the the amc theaters web site actually displayed a wait time to enter. but it's not the only thing viewers are getting excited about. we are just over one week away from the if kickoff of the nfl season. former nfl linebacker and now finance professor brandon copeland is next on big changes in the business of broadcasting football plus, why athletes and most americans are woefully unskilled in managing and growing their money and what he's ready to teach all of us. closing bell, 48 minutes away. dow on track to snap a four-day winning streak. it's down 126 right now. "claman countdown" is coming right back. ♪ ♪

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(announcer) change your life at golo.com. that's golo.com. liz: i'm in heaven. if nfl -- the nfl regular season kicks off one week from today when the kansas city chiefs host the detroit lions on nbc thursday night. sunday, september 10th, it is a stacked network lineup that includes so many games, panthers versus falcons, cardinals versus commanders on fox, and cb is s has bengals/browns and raiders/broncos. but then alphabet's youtube launches the streaming package sunday ticket, and the following thursday night, that's when amazon prime comes in exclusively with thursday night games starting with the vikings-eagles. former nfl linebacker and finance whiz brandon copeland is

going to be watching from the sidelines. he just announced his retirement after playing for six different teams over ten seasons. let's bring him in right now to talk about the upheaval in nfl viewing and more. brandon is athletes.org cofounder and ceo and a finance professor if at university of pennsylvania. great to have you, brandon. nice, nice for you to be here especially a week before the big moment. so after playing ten seasons in the nfl where millions and millions of people tune in to watch games, the multibillion dollar industry's really changing, right, with amazon's thursday night football, youtube's sunday ticket. what does this tell you about the power shift to streamers as they grab the baton from the broadcast networks in part? >> yeah. i mean, i think that it's a competition like everything else. i think the streamers are doing an amazing job of trying to compete with the in-person experience. i mean, you have such great quality productions, you have people right up there in your faces. i mean, look at some of these shots you see right now. you get a lot of different not

only personality takes just in terms of the broadcast and the implementation of former athletes broadcasting and telling their story or their lens or their perspective about sports, but you also, i mean, it's hard to really compete with some of the angles that they're getting and the production quality now. so it's really cool to see. my grandfather, who played in the league for 11 years, he used to say he loved watching at home because he got to hear more and get more context of the game. i'm excited -- i mean, i'd much rather be playing -- [laughter] but i'm also excited to watch this year from the sidelines. liz: when you look at all of the offerings, and you've got to figure these -- and we know the prices, billions and billions have been spent. and let's not forget espn has monday night football. so all of these networks and all of these streamers have spent billions at a time when there's a lot of cutbacks. they see nfl games as a real revenue opportunity, right? >> yeah. i mean, it's entertainment at

its highest value. i mean, ultimately, you know, when people -- the one common unifier of this world is sports, and i think that it's really cool to see how so many different people can come around the water cooler on monday and talk about what happened in the big game yesterday. and so while you can take your shots on different shows and different original concepts and things of that nature, ultimately we know that sports is something that everyone will tune in to see. liz: you know, these nfl players make millions themselves in many cases, but some of them never graduate college. they move right -- most, well, actually football players do get there, but many of them maybe get injured, and they are woefully uneducated. just like most americans, actually, about financial literacy. and that's what you teach at university of pennsylvania: you being a graduate there from the ivy league school.

what are you doing now with athletes.org, and how do you broaden that discussion to the rest of the world where we do not teach kids in k-12 about financial literacy how to open a bank account, how to save money? >> yeah. i think like you said, right, it's one of the things we say in class every single year is you don't know what you don't know. and ultimately for us as athletes, we come into a league, and we get sprinkled with so much opportunity to change our lives financially. but there's no tools. not only are you trying to be the best pro that you can be, you learn about nutrition and taking care of your body and all these different types of things to compete and actually stay in the nfl or any pro league, but also now you have the different task of learning how to be a business person, right? and so ultimately what athletes.org is doing, we're actually targeting college athletes. we have a locker i room for lifn the form of our platform where we are allowing our members to

come on to our platform and we surround is them, we blanket them in not only a community, but we give them knowledge, access and protection. financial education, free background checks, pro bono expert attorneys so they can maximize their opportunities playing. liz: and many of those college athletes now are coming into money like you can't believe during their college years because of the the nil issue, the name, image and likeness, which of course the ncaa was finally forced to allow these student the-athletes to the actually capitalize on them. and you see some of the money that's coming in, i mean, lebron james' son bronny, of course, is going to be a big basketball star. we hope he gets better. he did have a health issue. but his numbers come in at about $7.2 million for nil valuation. cooper manning's son arch, he's a football player at university of texas, his valuation, $3.8 million while he's in school. live i have dunn, her valuation, 3.5 million.

they come into a lot of money and, listen, these sports are hard on their bodies, and it may not always be that income generator. and for regular people watching, listen, you know, they're trying to focus on their careers too, and it's hard to know exactly what to do and how to save that money. >> yeah. ultimately what we've built here is just a network and a community where we can actually protect each other. one, can you give us the tools to maximize our platform and also in this space, nil is amazing. it's given people an up opportunity to capitalize on their platforms while they have it, but like you said, there's so many bad actors in this space. there's people who will come in left and right and try to potentially take advantage of these athletes and their talents. and so, and we as athletes.org blanket them with the resources they need to maximize their opportunity. and so we've built that, we're excited to be a solution in this space, and we're also built by

athletes for athletes. liz: okay. >> so we're extremely excited about this opportunity the. liz: brandon, he's a 30 under 30 for "forbes" magazine and played for six teams, the jets, the pats, the falcons, lions -- not the browns? i can't believe it. [laughter] >> look, they never wanted to call me. never wanted to call me. [laughter] liz: all right. brandon, great to have you. thank you so much. we are coming right back, and when we return, we're looking at the markets. dow is still in the red, down about 126 points. we are not going to see a five-peat there. s&p punching into the green, up 1 point, and the nasdaq up 52. coming right back. ♪ ♪

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liz: idalia is now a tropical storm and has moved east off the coast of north carolina. yesterday it made landfall in florida as a category three hurricane with 125 mile-per-hour winds before barreling north. right now there are, and is we just checked this, nearly 20,000 residents still -- 200,000 still without power in florida, georgia, and north carolina. according to ubs, the damage ravaging across just the the state of florida will cost insurers an summited $9.36 billion. grady trimble made it through the storm, he is standing right where the hurricane made landfall, keaton beach in florida, where residents, i

guess, have begun to assess the damagesome >> reporter: yes, liz. we actually just moved down the coastline on the big bend of florida, and we are now in horseshoe beach. ands this is the worst damage i have seen in the past couple of days covering this storm. what you see behind me use to be a home if you can even imagine it. i want to show you some pictures that the homeowner, june, was kind enough to share with us so we could at least show you what used to be here so you can imagine what has been wiped out. expect damage here is just unbelievable. as you drive through this neighborhood, there's just debris everywhere. people are picking through what's left of their homes trying to the find anything that might be valuable, mementos. as we look around the debris, you see washing machines, chairs, crock pots, picture frames. you name anything that's in a home, and you see it here.

and, by the way, liz, this next to us is a body of water, but there is so much debris that parts of it look like land. i mentioned the homeowner here, she's here with some friends and family picking through the debris trying to salvage anything they can. here's what she said about what she's going through today. >> we knew almost everyone in town. it's a small community, it's pretty close. and, you know, this is all gone plus this town is a disaster. as i was telling you, a lot of people's homes are gone. this is their primary homes. so it's going to be a tremendous rebuilding, and i don't really know how a lot of these people can afford probably to rebuild. you know, you have to are rebuild back up to hurricane standards, and that's very expensive. >> reporter: and in some areas hurricane code means building a home on stilts 10, 15, almost 20

the feet off the ground. it's hard to imagine being able to afford to do that for some people who may not even have think type of insurance on their homes. florida governor ron desantis the toured the damage today with the fema administrators or -- administrator, and we just learned within the last 30 minutes or so that president biden will visit the hurricane damage here in florida on saturday. liz? liz: that is stunning, to see where they are today and what those pictures look like. grady, our sympathies to everybody who's affected by this. thank you very much. all right, to the markets. okay, "the claman countdown" gave you a sneak peek of this a few weeks ago, but now fisker has officially unveiled its sub-$30,000 electric crossover vehicle today with all kinds of photos. the fisker pare, as it's called -- pare, like the -- paia range of 180-320 miles.

it can seat five or six people, there it is on your screen, and features a lounge mode with all seats folding backwards to create a large lounge space. so if you're at the beach, you can all hang out. if the weather's bad. the pear will be built in partnership with fox congress at an ohio factory and, by the way, the ceiling has all kinds of solar panels on it. really, really interesting vehicle. we'll see what the sales end up being, but henry fisker toll us just a couple of weeks ago that there's already a very long wait list. let's look at shopify, higher by more than 10% and on track for its largest percentage increase since may after the company announced a collaboration with amazon to allow merchants on its platform to buy. items using amazon prime perks. so amazon will release an app on shopify that enables merchants to integrate the buy with prime option into a product's page

making it really easy for people who are big users of amazon prime to buy things on shopify. analysts anticipating a boost in merchant usage as a result. crowdstrike striking a chord with investors, and it's a good one. up 9.33%, it's catapulting to the very top of the nasdaq after reporting better than expected earnings for the fiscal second quarter, and the company raised its third quarter guidance as a well. let's see, crowdstrike says it's a.i -- there you go, falcon-powered platform has capability that are unique in the market and contribute to well over $500 million in revenue. and another a.i. story here, morgan stanley has downgraded palantir from equal weight to underweight. the stock is getting hit, down about 7.9. morgan is saying the company could struggle with a.i. execution with all of the excitement around a.i., the near term opposition -- optimism, rather, and value premium

creates an unfavorable risk-reward in shares. stock has soared though over 130% this year. china's search engine baidu making its a.i. assistant publicly available today. just as a nvidia and advanced micro devices claim the u.s. is now expanding chip export restrictions beyond china and now into other regions; name hi, the middle east? the u.s. is denying that this is the case, but as the a.i. arms race heats up, how could the u.s. gain an edge? could education in s.t.e.m. be the key? ahead, khan academy founder sal khan joins me live to discuss the a.i. plan if on khan academy which so many students are using right now. closing bell, 25 minutes away. dow is still down about 130 points. we are coming right back. ♪ ♪ th your erc tax refund so you can improve your business however you see fit. rosie used part of her refund

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liz: the u.s. department of commerce is pushing back at this hour on reports that the biden administration is limiting a.i. chip sales now not just to china, but to the middle east. the comments come in response to a regulatory filing from nvidia earlier today that unveiled new license export requirements to send a.i. chips to certain middle eastern countries. amd also received similar restrictions. we reached out to invidia to see which countries those new requirements will affect, is it saudi arabia? is it israel? which countries, right? these same a. a i. chips that regulators have been very clear they will keep out of china's hands could actually help u.s. students regain dominance when it comes to education specifically in s.t.e.m. where the u.s. has historically lagged its peers. nvidia's a.i. chips power chatgpt which has been criticized for doing students' work for them, helping them cheat. but what if that same technology could be used to teach students

instead of just giving them the answers? khan academy's newest creation is an a.i. help bot that assists not just teachers, but students. khan academy completely disrupted online education in 2008. the founder, sal khan, joins me now. everybody keeps saying, oh, there's an a.i. arms race where u.s. companies are trying to beat each other to the chase and to the finish -- the not that there's a finish line yet, but to make sure that they get a piece of this market. but now there's a serious arms race if there's even a whiff of truth to the fact that the u.s. administration might be interested in keeping our proprietary chips out of the hands of other countries. what do you make of all of this? >> i obviously don't know the details, but i think this is something to take very seriously. these same chips, the same generative the a.i. technology that could be used to tutor a student or help create a lesson plan, it could also be used by a

totalitarian government to spy on its people, to create misinformation inside of our own politics, and we've seen that happen before. i do think it is worthwhile to take a hard look at it and, by the way, there's a shortage of them. we have enough applications for them domestically, there might even be a question of should we be taking that capacity across, to other places. liz: let's talk about khan migo. do you use nvidia gpus? what do you use to power it, and what can it do to to make our students better and more sort of leadership position type of situation when it comes to the global picture for education? >> yeah. we've been working with openai for over a year now. it was a secret project for about 6-9 months. [laughter] we launched khan migo in march, but it's built on on the gpt4 language model just to give context. chatgpt, when it was released in

november 2022 the, is on the gpt 3.5. we're leveraging nvidia check ups, and the notion is now using generative a.i. we get to a tutor for every student who's able to work alongside is them. not do their homework for them, but can answer questions, help motivate them and act as a teaching assistant to, say, write a lesson plan or help write progress reports. liz: how much does it cost for teachers? for students? for districts? does it work like that? >> yeah, this is a new domain for us because khan academy is a not for profit, our mission is free for anyone, anywhere. but because of the computation costs that we have to pay to openai which pays microsoft, which pays nvidia -- [laughter] we have to charge for that just to be able to use it. so in this pilot year, we're essentially charging just $9 a

month, $99 a year to parents or to teachers to use the technology. and it's not super cheap, but at the same time relative to the value, we think it can act as a tutor, it can do a lot of high value is, it can simulate historical and literary characters, you can get into a debate with it, it can even help with college applications, act as a guidance counselor. we think there's a lot of value here, and we're going to try to lower that as soon as those costs come down and try to pass that through. because if our mission is to make it as accessible as possible. liz: nobel prize. sal, i don't know, you need to win the nobel prize for all that you have done for education, and we love having you on the show. it's been many years that you've been coming on, and each time you are growing the opportunity for american and worldwide students, so thank you so much. >> thanks for having me. liz: khanmigo. all right. presidential candidate vivek ramaswamy may be impressing gop donors, but his fellow candidates are picking apart some of his past comments

relating to foreign policiful charlie gasparino is breaking that next. closing bell, 4 minutes away. we are woman -- 14 minutes away. we are coming right back on this thursday, the last trading day of august. ♪ ♪

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♪. liz: gop presidential candidate vivek ramaswamy is getting picked apart by his opponents for past comments he made about aid to israel and business ties to china but the 38-year-old is said to be maybe impressing some donors as he continues to meet with them on wall street. charlie gasparino's here. >> not exactly on wall street. out in the hamptons where wall street guys hang in the summer in waning days of summer. labor day is next week, right? that is the end of it. liz: don't remind us. >> he is making the rounds. i find it fascinating that ron desantis supporters that i know, we're talking several of them because i've been speaking with them -- liz: talking big donors. >> people who donate lot of money and bunted dell a lot of money are meeting with vivek. they think he is smart and he is engaging. they do press minimum on two things, his business ties with

china and past statements about israel, suggest maybe cut back with aid on israel. what he said about israel is essentially a non-starter for any republican candidate. liz: israel is the one democracy in the middle east and are our closest ally. >> if you start talking about cutting back aid you're in trouble with republican donors and he has walked back that stuff. i misspoke. i didn't mean it. he has a whole explanation. liz: how con haven't. >> the china stuff is interesting. i don't he will get much pushback from wall street because every wall street firm deals with china. that may hurt him with republican base voters but not necessarily hurt him with the donor class. i think with we're seeing here is real concern about desan is it. desantis is a very good operational governor, did great job. probably would be an amazing

operational president but just not making the connection. i don't think he did particularly bad in the last debate but i think. neared did they -- liz: very much in control during the hurricane. >> he is a very good governor, they feel, they worry he is just not making the sale. so they're looking at vivek someone maybe making a sale or someone who will be trump's number two who they can deal with. the big donors don't want to deal with trump anymore. if you run a hedge fund or any public company you give money to donald trump that's a little bit of a problem given what happened on january 6. i'm not endorsing that theory. i'm not saying don't give money. liz: what you're hearing. >> what i'm hearing. most of big donors on wall street are not giving money to him but they are talking to vivek. he is a known quantity. we asked "farmer bro," your buddy martin shkreli. i spoke to him. i found him quite engaging a nice guy. he knows vivek very well.

i just wonder, he says vivek was his, largest shareholder in his fund. remember shkreli did not go to jail with farmly pricing drugs but trading shen began nance in his hedge fund. he said i think vivek is one of the biggest investors in his fund. i wonder if that comes out as a talking point to take him down. liz: rivals. >> they're definitely scanning his business record. every businessman has a record. if jamie dimon ran for president, imagine all the stuff they would bring up that he said? larry fink ran for president. liz: north dakota, businessman. >> businessman have been out there. doug burgum is not a household name but if you're like vivek, you did business with china, that is going to come out. your hedge fund or your fund, strive is it called or thrive? liz: i don't even know what

you're -- >> he has an answer to blackrock. this is important. you should know this. liz: i'm sorry, because -- >> listen to me, this is what made vivek a big thing. he, besides after he made his gazillions he created an alternative to blackrock and esg, an anti-esg fund. it is called strive or thrive. someone should whisper it in my ear please. liz: not going to be me. >> that fun by the way charges fees i understand higher than any esg fund. that is going to come out. strive it is called i'm told. they told me to wrap. how nice. >> wrap. >> strive wrap. liz: shkreli, ramaswamy. >> what an amazing thing the the claman countdown is. we don't just give you politics but "farmer bro." did you see the story me and ellie did on fox business? liz: everyone should read the

story. >> was he like crazy? he said he was too macho for elon musk to handle. liz: these guys -- >> keeps blocking him and stuff. liz: with their takedownss. charlie, thank you very much. we're less than four minutes away from the closing bell on the final day of august for the month. it will not be pretty. it is not the worst thing in the world. the dow will lose down two 1/3%. s&p down 1.6%. the nasdaq pretty much the worst of it, down 2% for august. august might be coming to an end but we still have the august employment report out tomorrow that has real possibility and muscle to move the markets, you know, depending where it comes in. investors are expecting non-farm payrolls to grow at a pace of 170,000. that would of course be slower than the 187,000 in july. the unemployment rate is expected to remain unchanged at 3 1/2%. what's the trade ahead of the

numbers? let's get to our "countdown closer," sound planning group ceo. david in the wings as charlie and i were talking, my brain was going in 12 different directions but i'm focused on you what you expected markets to react to hear from this number? >> even today is kind of an interesting thing as we look at the new pce number that came out because these are really correlated. ed fed is data dependent so you know what happens today, would we even see inflation go up higher? the market you know, kind of has a little bit of a shrug off but going forward. i don't think we see disruption until things get a little more one sided in that direction. if we see a big 250,000 jobs, that would be very bad for the market. so otherwise we're just kind of floating around here. liz: we have so many guests talking about buy this sector, buy this stock, you're saying go

with commodities. the commodity trade is back as far as you're concerned. which part of the commodity complex? >> so i like oil right now in a big way. i think oil will go up a lot. i'm bullish on u.s. oil specifically. liz: west texas. >> also commodities, gold, has got a 12 year cup and handle if you look at the one-month chart of it. if this breaks above 2100 that is the confirmation. i think it goes to 25 pretty quick. gold miners are actually relative to the s&p 500 priced very right on their pes. liz: why are you not going into the soft commodities, wheat, sugar, cocoa, india, everyone is figuring out how to go through the supply inind-yard, do end-run around china? that will be better for that economy. depending three meals a day versus two. why wouldn't you go with soft commodities?

>> i will agree with you on this one. we're bullish india as well. they're getting more of a front seat as we're friend shoring a little bit with them trying to keep good relations there, not just letting china lead all of that. liz: david, i will tell you something. i like when people agree with me. usually i get the blowback. thank you very much. >> pleasure is mine. liz: folks here we go, we're saying good-bye to august trade. looks like the dow and s&p both will break a four-day winning streak. but the nasdaq is hanging on to gains here. [closing bell rings] 26 points to the upside. five pete for the nasdaq. tomorrow's jobs report, tune in for the final hour of trade. "kudlow" is next. ♪. david: hello, folks, welcome to "kudlow." i'm david asman in for