people with type ii diabetes, increased heart rate, depression, thoughts of suicide, and standard things like nausea, vomiting, constipation and everything else. the weight loss journey this year has been tough. i'm down 5 inches on the body but i am lifting weights and feel a lot better. i'm determined to keep it going, i would never trade, looking better for the risk i just read. the smallest task will be performed by robots. do we do it the old-fashioned way? >> i applied you. es. remember yesterday, at the top of the transition here between you and my show, apple was falling 4%, dragging the market underwater. a version of that is playing

out again but the damage is more widespread as we kick off the final hour of trading after a report the baiting government will ban employees from using apple's iphones at work, apple spoiling you the whole bunch, sucking its suppliers into the vortex. apple is down 3%, the most heavily weighted stock on the index, the nasdaq down 112 points, loss of 230, not bad. a little bit of a comeback but the iphone maker is actually not the worst performer on the nasdaq 100. it is suppliers. down 7.4%, producing wireless chips for apple, it is getting smashed after the wall street journal report that beijing does not want workers to use iphones for anything work related. every chipmaker with exposure to apple and china, including qualcomm down 7%.

we got av ago, texas intimates down 2%, micron down half of one%. here's what is interesting as relates to this conversation, the dow, apple is the worst performer for for the second today in a row. stands to see a two day, $200 million vaporized from its market by the closing bell. the reason blue chips are in the green by 52 points, go up to the top, to the dow leaders and it is chipmaker intel sporting the crowd. may be that is because apple picked it until relationship to the curb, intel inside, no longer. intel doesn't have much exposure as i say. intel is at the top. from the tech sector to stats, interest rate hike, unexpectedly drop.

from 2016, the lowest number since february indicating people are finding jobs joining the on employment lines. as losses pile up, 1-2-3, s&p is down one, nasdaq down 2, russell lost 3 and one third of one%. is this the much awaited pool back over the holiday shortened week and is in a buying well? new construct ceo david traynor and teddy weisberg, these market entry points are few and far between. do you wait for someone with deeper discounts? >> don't know about deeper discounts but it's a frustrating market. a good 6 months thanks to high profile tech stocks. july was a decent month but broadened out the market for it. this was a mixed bag.

the problem for the market, what do we do for a catalyst going forward? really difficult for the market to focus on something positive with so many unknowns out there. talk about apple and china. the whole china thing is the problem. dismiss it as a nonevent but we need china. the world needs china. if we are going to fight with china it will have a negative impact on the apples of the world and other stocks and other economies, china next to the united states the 800 pound gorilla when it comes to the power. cheryl: this week apple is down 6%. david traynor, apple is richly valued, 29 pe at the moment.

market is below 3 trillion, a rough couple of days. look at the apple ecosystem, core vote, the chips as well depending on radiofrequency items that are needed, the apple phones etc. is that enough to slam this entire sector and have long-term effects or are these the buying opportunities a lot of people feel they missed? >> there is better buying opportunities than this. not a lot of catalysts in the big picture of things but there are other places, these stocks we are talking about, apple, a lot of supplier stocks priced for perfection for a long time. looking at the last 10 years, things got better for apple, hard to say how. really dominant market share, dominant products, great

marketing and high capital. unrealistically high returns, not as high as they used to be in the 600 range, down the low 100s but this has been an impossibly good company with a very expensive valuation, pool back has been inevitable and we recommend people spreading into other parts of the economy. basic materials, energy and financials because these tech stocks that were so sexy and popular are overpriced. cheryl: oil is on pace for the longest winning streak in a long time. you don't want to be buying something when it is up. that's the warren buffett way. purchase something when it is down. >> when they have a fire sale nobody comes because they are all scared to death but warren

buffett is right. it sounds good but hard to do. you have to have a long time horizon and not worry about entry levels but buying things clearly something you want to do but talking about this endlessly, luckily now for investors you don't want to take on extra risks, 5.5%, money market funds so there is a good place to go and hide while markets work their way through this uncertainty. as far as markets are concerned i think we are going to be in trading range. you could make a pretty good case of the market is hanging pretty good when you consider all the bad news that is out there. it is a frustrating period of time.

have to get through it and hopefully on the positive side. cheryl: looking at 10 year yields of or. 25%. it was soaring above 5%, now below it at the moment. do you take some of the money yielding so much and start putting it to work and if so, where? >> it is hard to speak broadly in terms of how people should move their money. i agree with what teddy says and that is of the markets have been on a riproaring run. it can't go on forever and most of what happened the last 10 years in my opinion is people throw money at anything. it is all work. we lost this element of discernment, where to allocate capital. it's been so easy. the easy days are over and you have to do your homework, understand fundamentals,

understand valuation. not as easy as putting it in stocks. one of our favorite stocks is steel dynamics. these are businesses people have largely forgotten about, responsible for making the world work and in many ways even though they have non-esg flavor, important as anything because they are building the actual steel and fundamental things they need to build turbines and solar panels. a lot of opportunity and things that make the world go round because people are so obsessed with things like ai and whatever magical technology wall street is focused on. stocks are overpriced. cheryl: what came out with numbers after the bell yesterday and that stock is

hammered dramatically down 12%. got to be careful in some cases flavor of the month momentum names and ai is not just the flavor of the month overall but some of these stocks are rough rides in the near term but the fed has been having this meeting and if you watch what's going to happen, we've got to figure when you look at the jobless claim numbers, fewer people on the unemployment lines, look at the services index, that to me is expanded for the eighth consecutive month, looks like a soft landing to me. what about to you? >> the problem the fed has is a fiscal problem. the government on the one hand can't spend money fast enough. on the other hand buffett is charged with responsibly of

dealing with inflation, two powerful forces from opposite directions. i don't know what the end game is. my sense is interest rates are going higher. they are trying to do a good job pushing a rope uphill at the moment. cheryl: pushing a rope uphill? >> you get the stream. cheryl: pushing the uphill would be hard. always a pleasure. microsoft under the microscope after revealing a cyber espionage attack due to several technical missteps by the company itself. the tech giant blaming china linked hackers for the attack but if a company like microsoft can't keep its own data airtight what does that mean for your data? the ceo of cyber security firm see scala joins us live next to

discuss how this is to prevent china from infiltrating us accounts. 45 minutes left before the closing bell. look at this green streak for the greenback. all major currencies except the yen are lower against the us dollar, sixth straight day of gains, the end covering around a 10 month low starting at their weakest levels, we are coming right back. there are some things that go better... together. burger and fries... soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected.

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here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch, it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. when i first learned about my dupuytren's contracture, my physician referred me to a hand specialist. and i'm glad he did, because when i took the

tabletop test, i couldn't lay my hand flat anymore. the first hand specialist i saw only offered surgery. so, i went to a second hand specialist who also offered nonsurgical options - which felt more right for me. so, what i'd say to other people with dupuytren's contracture is this: don't wait —find a hand specialist trained in nonsurgical options, today. i found mine at findahandspecialist.com. liz: china hacked us government officials by one of its engineers or for it credentials. microsoft's threat analysis center put out this report

alleging china is using ai generated images that mimic american voters in order to stir up political and racial division in the head of the 2024 presidential election. the report also says north korea is scaling up cyber espionage not only to steal cocteau currency but to target its own allies including russia. do these fresh attack angles represent a new kind of danger for us companies? the ceo of the scaler -- jay, according to microsoft china has hundreds ability to generate via ai fake images to spread all over social media ahead of next year's presidential election. images designed to rile up voters. how seriously should we be taking this? >> thank you for the

opportunity. the biggest thing generate of ai has done, you can generate content, images, phishing content and the like. it becomes a lot easier. we need to be careful and mindful so we are focused to make sure our customers are safe. for example we are seeing a number of new phishing attacks where they are generated by ai in localized languages with -- generally take a lot of time and effort. it has been done more easily. it is used by bad guys. we ask companies to stop and take advantage to fight against it. liz: ai tricked one of your employees by mimicking your voice. we've been having this conversation and they are ramping up in china. they been able to handle this

kind of thing. it's worrisome especially ahead of an election plus the fact that we know they did this last time around to. they are always tinkering. what should us companies be doing, anything that relates to vote or things like that, just the psychology of what is going on in america, what should they be doing? >> two types of problem. to secure themselves, the general election, here, what general election does, they exploit social media, social media leaders need to make sure they can identify them and take them down. information being stolen, look at the attack that happened on

us secretaries, they want to steal e-mails to understand communication and the like. we need 0 trust architecture more and more and communication whether it is on government employees more -- liz: to your point about social media. microsoft says china has 230 chinese nationals posing as social media influencers to spread things on western social media sites a lot of this rests on their shoulders. do you work with some of those social media companies to do what? how difficult is it? >> we do work with them some but the bigger thing we do, telling intelligence agencies to figure out what is going on as these bad actors are trying to get these operations up.

our security research team is working with many agencies to identify these things without going public. and for them to take them down, it is a large operation. talk with 230 people, chat gpt is easier to create more information without adding more people. we are stepping up. this is making it easy to understand the content is created by chat gpt or phishing attacks. that is helping our customer. liz: ai can work in your favor. regarding microsoft hacked of gina from mondo -- gina ramondo, they mistakenly stored

cryptographic key on corporate network for something like two years. these kinds of mistakes should not be happening when the us government is one of your clients. >> it is hard to. the challenge is there is so much information out there. we need to be extra extra careful in this area. we take security very seriously. the something that helps us is this is like a switchboard. we connect the far right part and we do not store any information. the more information, the more it is reclined. we are helping our customers, the number of attacks we have seen before it is deployed and after, it does go down significantly. communication coming out of china through large enterprises

comes peru change to make sure bad guys can't just get on the network and get to american enterprises. cheryl: stock is is at 43% year to date good on the conference call this portion was discussed about the fact that some of your customers are saying they are scrutinizing large deals because everyone is in cost-cutting mode. how might that affect your bottom line in the current quarter going forward? >> we did very well in fiscal 23. our revenue went up 48%, we generate a significant amount of cash. the reason our business is doing well is two reasons, one, we are very effective in helping with cybersecurity. number 2, we are saving costs. we eliminate a lot of legacy and the like. when you combine cybersecurity and cost reduction to gather,

customers are able to do so. liz: good to see you and thank you, i would love to continue this conversation because the election is around the corner. thank you very much. t-mobile on pace for its largest percentage increase since october of last year. what has that my gender branded mobile carrier done to get so deep into the green? you will find out next and the most wonderful time of the year for football fans. we are kicking off the 2023 nfl season with minnesota vikings owner mark wolf, a rare interview, fox business exclusive. you can't miss it. let's look at the 2 year treasury yield because it is below 5%, right now at 4. 97%. %. this is the one attract closest to federal reserve policy. ♪

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mining camps in the silver state of nevada. with a new resource estimate imminent, one of the highest grade silver projects in america is about to get bigger. blackrock silver. liz: the s&p is down, and off the close of the session. dow is holding on the gains of 63 points. let's look at seagate, thinking after barclays cut the data storage stock from overweight to equal weight. investment bank attributes be moved to a slower than expected

recovery. barclay says it believes a full recovery is not going to happen until the first 1:45 thousand 24. seagate investors don't want to wait, stock is down 10%. investors dialing up t-mobile after the wiles company announced its first-ever dividend. shares are up to and one thirds% to and one/3% bringing the market to $162 billion. the telecom company's plan involves $750 million in quarterly dividend payouts and $15.25 billion in stock buybacks. $19 billion gift to shareholders. last month telecommunications company did layoff 5000 workers. charge point hitting a record low earlier after missing estimates for the quarter, this is the ev charging company the record a loss of $0.24 per share while analysts expected a 13 sent loss. oppenheimer cutting his price target from $27-$14.

needham cutting it from 15 to 9, down 12% but as you see for the entered a picture below the price, it is off the lows of love session. tesla signing the deal to deploy 20,000 of its universal wall connectors at 2,000 hilton hotels, the deal extends a packed the ev maker had with hilton for 200 locations. the hotel chain noted search of hotels would charge connectors with the fastest volume of growth to date. we have has led down, let's call it flat. children is lower by one%. one%. the other stocks, gm, revi and -- rivian is up, gm down 1%. we are waiting for more clarity about the uae strike that is getting close. it is game day. the 2023 nfl season kicking off tonight.

minnesota vikings owner is here for an exclusive fox business huddle. we will talk about the latest on contract extensions and how property companies plan offense when it comes to real estate and whether the cleveland browns are going to win the whole thing. that is next. the big question, will monday night football viewers get to see next monday's game on espn. espn parent disney and charter, parent of spectrum cable traded lower with no clear resolution. coming right back.

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liz: fox has nfl. the kickoff to 2023 less than 5 hours away.

detroit lions taking on the super bowl champion cleveland browns. it was the kansas city chiefs, 8:00 tonight sunday, they take on the division, minnesota vikings, the tampa bay buccaneers, in minneapolis, joining us in a fox business exclusive. it operates commercial real estate, across the us. it is all about football season. you must be excited. let's talk about the matchups in this competitive group you are in. your division has everybody from the nfc north, the bears with great players with a wide receiver, dj more coming in, the lions defensive back, cj

gardner, how do you look at the vikings in this matchup of a tough season? >> we know how competitive the league is. kevin o'connell, the gm and the whole team, focus on getting ready for the season. a tough opponent, tough division but the culture they brought, the personalities, positive energy is real. we are looking for that sunday. liz: you have to be relieved brady is not the quarterback this time around. >> aaron rodgers is in new york. liz: no new york face-offs with the vikings. unless we are in the playoffs. a lot of buzz surrounding the star wide receiver justin jefferson, talk about the prospects. >> justin is an outstanding teammate, great player, phenomenal talent and we know he will be a viking get for the long-term. liz: the potential contract, let's make an honorable

nervous. change we have good dialogue, we've done extensions with other players on the team, having good dialogue with justin and look forward to the future with justin. liz: when people head back to the stadium this sunday, us bank is the stadium and it is number one as far as -- what is it about the stadium people love so much? >> we are proud of and every step of the way was about the fan experience making it world-class, whether it is the incredible facility, clear roof, great feeling you have. liz: the clear roof. >> a lot of excitement and we love the show as well. liz: this stadium that was built in 2016 has already been paid off 26 years ahead of

schedule. how have you done? >> great public-private partnership in the city of minneapolis and the fact is the stadium has been a great boon to the eastern part of minneapolis and the whole developers around the stadium has shifted, public/partnerships work and stadiums are us forever economic activity. liz: this came from a tax that came from specific gambling from electronic tabs. got to explain that to me but that is a case where finally when you legalize gambling there are very decent payoffs here for a city or state. >> no question, this is something we used to make this happen. pulltabs are popular, charitable gaming type activity helping with the stadium widget is a great partnership and great example of what we can do. liz: what is your most

lucrative partnership that you struck with a corporation or business? >> so many great partners. u.s. bank, twin city orthopedics have been the main sponsor of practice facility but we have many great sponsors, the twin cities has a great corporate culture and we are proud to be part of that as well. liz: let's dovetail to commercial real estate. you are knee-deep in it, and resetting on all kinds of loans etc. . how do you see what is going on? are you offensive or playing defense? >> it is a matter of being in the right spot and the right location, there are challenges, interest rates going up but we are well-positioned to the proper space, and large spaces,

and the demand out there, the markets in new jersey, and tight markets, rental demand is high. liz: there is not a lot of inventory of homes whether they are existing homes or new homes, mortgage rates are above 7% for the fixed average. what does this say about the rental business for the -- how long does this positive move extend? >> it's all about location and we feel we are well-positioned to take advantage of that. over 30 year basis mortgage rates historically average, they are going up but we find demand on sales products, the right location, right type of product with the right amenities.

historically, home ownership is where it has been the past 10 or 20 years, floating in the same range and we are very optimistic. american real estate market, there are bumps and trouble spots but we are optimistic over the long haul. liz: did it create a business for your entire family, you guys were in this for so many years and enables you to be so successful you bought the team, for $600 million and change. that is a nice return. when guys by the milwaukee bucks at a very low price and sell it at high price would you ever consider selling to capitalize on what could be great capital gain? >> we love sports, we love for

many generations the team will be in our family so we focus, put our heads down and try to be stewards of a great franchise, minnesota vikings as well as trying to honor our guests. we will honor my friend who just passed away, recognizing get him. it's a great privilege to be part of the nfl. liz: if jeff bezos came in and, give you $7 million. >> you have to find someone besides minnesota. liz: go browns, sorry. i'm a cleveland fan. you know how old this jersey is? when was he the quarterback? good to have you, thanks, have a fabulous season. place your bets, the cofounder and ceo of online sports betting platform jason robbins

joining us tomorrow live as week one of the nfl season is underway. do not miss it. charlie gasparino has breaking news, exclusive breaking story on goldman sachs and ceo david solomon. what is going on with the company's returned to work push? don't go away, you've got to hear this story. he's breaking it right here. closing bell ringing in 15 minutes, dow jones industrials up 86 points, nasdaq down 109. ♪

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♪. liz: we have breaking exclusive news out of goldman sachs and its controversial ceo david solomon's moves to get employees back to the office. charlie, he took a strong stance, and how is it working? >> this is what we know as of right now. i'm getting this directly from inside of goldman sachs. we understand that this week, now, a week doesn't make a year but it's a week, that about 85% of employees have been working from the office this week. there was noticeable ramp up. it happened throughout the week. now why is this different? it's different because in the past it was something like 65%. goldman, like many other firms had flexible work weeks, work from home, some sort of a hybrid

arrangement and in the office, but david solomon, one of the sticking points with the staff, why people thought he was too draconian and get into his standing inside of the company in a moment, one of those sticking points he wanted people back and they're starting to come back. the real question is david solomon turning the corner winning over the staff? seems almost like a day there isn't a story about internal dissension at goldman. liz, he has been talking to other wall street executives what he needs to turn around the optics of the firm, but by the way people are working back in the office doesn't mean they like david solomon. one issue they're afraid they might get laid off. there is a a slowdown in business at goldman sachs. deals are oaf. show your face before the time you might get your pink slip.

that may be part of it. the other thing there is internal civil war going on inside of goldman. a let of dissension there particularly among traders. he has been asking people what should i do to change the optics? what thing said make like you work a lot and not deejay a lot. he has that side gig as a deejay, rub ad rubbed a lot of people that he loves to spend time in the hamptons as a deejay. that is something he likes to do. this is similar pattern from other ceos, he really has to make up with lloyd blankfein in some way. lloyd blankfein was his predecessor. lloyd blankfein picked david solomon said he was the guy in 2016 best positioned to replace lloyd and replace him at goldman sachs. somewhere along the line they had a falling out.

blankfein has been saying he doesn't appreciate the way david solomon is running the show. some management moves or consolidations. that he hasn't consulted with lloyd even though lloyd has a office in the place. that internal dissension is not good because lloyd blankfein is plugged into other executives with goldman. goldman in many ways is partnership. he is plugged in that. but he knows the board, he knows whether david solomon stays or goes some day in the future. listen, there is a pattern here. look at jack welch, once he had a falling out with immelt, immelt's time was up almost. remember jeff immelt? liz: yes. >> he was fired from ge. jack welch was one of his biggest outside critics. another one is bob chapek and iger, over at disney, when they had a falling out, iger was behind the scene questioning bob chapek's management. chapek got as you know, fired

and iger ironically took his john. i don't think lloyd blankfein is angling for david solomon east jobe but job. you get the point. he needs to -- liz: look at stock price, charlie, since david solomon, look at the stock price, charlie, since david solomon took over. it is up 43%. >> right. morgan stanley's is up i think double that. i could be wrong, got to check that. he has done better than jpmorgan during that time, okay? and some of the things he is doing is working. listen you could say, he fired people because had restructure and got rid of marcus but he had to do that and yes, people are returning back in the office. i heard goldman sachs was buzzing this week with people that were there. it was like the old goldman sachs where people were in the office, where it felt like a firm again, not like half and half, people with their heads down. so something is happening there

internally. he is trying to make this work. it looks like the office thing is working although it could be a little bit of a, people being scared they might get fired but clearly he is fighting for his job. some of it's working but he clearly needs to do more and one of the things i will tell you, liz, he needs to make up with blankfein. having the ex-ceo sort of sniping at you is not a good thing because that ex-ceo knows the board, knows investors, knows senior partners in goldman. it's just not good but, again, this is a good news, bad news story. the good news people are returning back to the office. liz, we should point out, i checked the last stats came from the new york city partnership said that new york, financial firms, something like 50% were in the office per week. goldman at 85% is well above 50%. liz: oh, yeah. >> goldman was at, i understood

was 60 to 65%. liz: okay. >> this is a turnaround. obviously we do now have another variant of covid that is bouncing around out there which is one of the reasons why i'm doing a foner foner here not inside of the office. >> i'm fine. my last day of quarantine is today. liz: fantastic, charlie gasparino, with that goldman sachs breaking news. we are three, just under four minutes away. markets a mixed bag on this thursday. dow in the green on the way to snap a two-day losing streak. but the nasdaq stuck for a fourth down day in a row. s&p lower by 15 points. we have the "wall street journal" reporting that the u.s. federal trade commission may file a lawsuit against amazon as soon as this month on antitrust grounds. amazon shares actually bucking today's tech downtrend moving higher by 1.7% with a few minutes left to trade. our next guest says it is the perfect time to pick up shares

of the e-commerce giant. arbor financial president jeffrey small. you like amazon, why? >> i like amazon for a lot of reasons. they will continue to blow out earnings even as the economy continues to contract and we expand in this era of irrational economic data, liz. i think what investors want to do today buy the dips on amazon and a few other prime "magnificent seven" stocks, in advance of the fed going dovish, pausing rates, ultimately lowering rates by the second quarter of next year. liz: that could be actually a buy now and you got to wait and there may be bumps and bruises along the way? >> there definitely will be some bumps and bruises the along the way. we lost million 1/2 jobs last three months. that is the most ever prior to covid and beyond that. a lot of economic indicators say the economy is getting ready to contract. i like all the folks, say, don't chase "the magnificent seven" at

this time because they are fairly priced. you know "the magnificent seven" will grow earnings 15% quarter over quarter no matter what the economy does, what the fed does from here. i want to buy those on the dips as we roll through this she isnal volatility we're going through presently. liz: jeffrey, the s&p 500 is about, i want to say 3% oaf its 52-week high. in terms of the broader market, can you tell us, are you expecting, we talked about at the top of the show with our floor show traders, are you expecting more pullback than we've already seen, whether it is this week, last couple of weeks? august was not particularly a thrilling moment for the bulls, are you expecting more pullback? or is this really the time to start nibbling more broadly around the edges of the market? >> i'm not expecting more pullback, liz. unless we see energy spike even higher above 87 a barrel. or we see inflation come back to rear its ugly head, the fed starts fear-mongering how high

they have to raise rates again. we don't expect that to happen. we can expect anywhere from three, five, maybe 10% pullback between now and november 1st. that is the time you want to buy. by the way when we pull back very quickly, what you will see buyers will rush in and pick off stocks we're talking about today and buy them before you have a chance to react. so in the blink of an eye you could see things maybe drive, 5, 6, 7, 8% for the year but it won't last very long. liz: jeffrey, opinionated. we like who take a stance here. jeffrey smalls, arbor financial. [closing bell rings] breaking news from new york fed head john williams there is a risk of stronger than expected growth. tomorrow, jason robinson. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right, sheer insanity. that's right, smear -- sheer