think there's something infectious about the power once they get there even with the greatest of intentions, it is hard not to turn to everyone to leave. >> as our client wrote a corruptive system will compromise good individuals reading it i'm not so good people good people and at this point there to wind up trapped in the system and that's why we need a new party the forward party sp. >> how long you think before the forward party can dictate on a national level. >> hundreds of elected officials by next year and i think in the thousands thereafter. working to get this on the national radar making a difference in everyone's lives in the next five years. >> it sounds like we will hear about that andrew yang on the national ticket later on for the white house but on a different party platform. >> my joke, apparently i have another 40 years. >> you are still young. liz claman, over to you. liz: thank you very much charles, happy monday, can you

believe the wall street numbers crunchers in the predictive analytics, this week the third week of september is actually considered the worst week of the entire year for the u.s. equities, we have that going for us and as we kick off the final hour of trade all three majors have that in the green most of the session and they've also been in the red and at the moment we have the dow jones industrials holding onto 16 points, you could give apple a lot of credit for that after pretty rough-and-tumble days last week, the iphone maker is popping to present at the moment, 8% down this quarter to date, 5% down for the month, with reports of the new iphone 15 order specifically for the promax order, so robust they're pushing delivery dates to november we have shares muscling higher for apple in the last check they were the best performer on the dow jones industrial, here we go the s&p 500 also in the green at the

moment we have up just fractionally right now, you see friday it fell below the 50 day moving average, that is average closing price over the last 50 days and when the stock or index falls below the 50 day moving average is often assigned to man is drying up, the same thing happen friday to the nasdaq, right now the tech heavy index is moving lower by ten points transports in brussels already surrendered to the 50 day moving average level of couple weeks ago, the dow also did on friday but the nasdaq is getting the most buzz thanks to the two biggest ipos first one last thursday chipped his arm in her arm holdings closing up 25% on the first day, right now shares are getting very close to the session lows down nearly 8% after a sucker punch from bernstein which initiated coverage from the cell due to china exposure concerns and competition from risk five and emerging chip architecture

standard in the second ipo online grocery strike instacart will price somewhere between $28.30 for a $9.6 billion evaluation. it'll begin trade tomorrow. two crucial headwinds hikes and strikes may buffet around the markets. the federal reserve today meeting kicks off tomorrow and in this hour on wednesday we may get some insight into whether the fed has insight in the interest rate hike by december that would be the 12th since march of last year, the uaw strike against the big three automakers has stretched into the fourth day with ford, gm and stellantis moving lower from what it happen from gm, one point to percent for stellantis and for losing to another present at the moment, it is important to note just because there is no change in talks at

least we know it does not mean there is no movement let's get to the front lines of the striking grady trimble in wayne michigan. >> the uaw and the big three automakers are back at the bargaining table today, ford and gm met with the uaw over the weekend but i would not say that things are moving swiftie toward the deal, take a listen to how the uaw president shawn fain describe the negotiations. >> things are still status quo moving slowly we had some things over the weekend but we still have a long way to go and that's going to be after companies on how this plays out, we will see how things progress the next few days in if we have to amp up pressure, that's what we have to do. >> shawn fain says it's up to the companies the company said they put forward historically generous offers as far as the economic impact of the strike, treasury secretary janet yellen

says it is too early to say how big that will be, analyst at bank of america says the daily cost to the automakers at this point is 1 penny per share of earnings for each of the three automakers. they have chosen three factors to target, one each of the automakers to start with, he is threatening as early as this morning to ramp up the strike, depending on how negotiations are going, he is not saying when that might happen, of course that is part of the strategy to keep the automakers guessing about ford and general motors are already talking about layoffs as a result of the strikeould still be going in, general motors is talking about idling a plant in kansas as early as today, those of the ripple effects of the strike already, the uaw knows the longer this last, the more pain

the automakers will feel and from the union position they think that gives them the leverage to reach a deal that is favorable for them. liz: thank you very much. the strike has a lot of first not the least of which as grady mentioned at the first of the uaw is simultaneously struck against all three legacy automakers but the demand for a 40% pay raise over four years is grabbing a lot of the oxygen, joining me now a second-generation autoworker in our vice president of local uaw chapter 51 which represents employees of the chrysler stellantis at detroit. they are in charge of building several jeep models. >> first off thank you for having me on the show. we did the jeep grand cherokee known as the l and the jeep grand cherokee and the plug-in electric hybrid or.

liz: i've had a couple deep to my life and i love them shawn fain turned down the offer from stellantis. how does that sit with you and your local members. >> i think it was very right to turn it down inflation is at 20% so that barely gets us back to being even not just with inflation but with the historic concessions that we've taken since 2007, 2008. after remember the general public forget that entire half of a generation of autoworkers was guided into great recession we took this concessionary agreements to save the company, they came to the workers asking for help asking us to take concessions to do second-tier wages and benefits as i came into and 2010 and the legacy workers of that era have not been made whole they only received a 3-dollar an hour raise since 2008.

liz: since 2019 there's much discussion about how much in profits, record profit that the big three have been making an ford up 34%, stellantis in the 50% gain for general motors. talk to me about the current piece of the pie that you were looking at when it comes to labor cost for an average vehicle, there is a narrative from the other side if you get the pay raise that you want then that will increase the cost of labor as part of an individual vehicle and they say they could go bankrupt in a couple of years, what is your answer to that. >> frankly i think that is comical and insulting of the intelligence of not only working people everywhere in the american consumer, you have no other great example then to look other than the plant in illinois

they were building the cherokee, they hit all the metrics and measures by the company standard in terms of quality and production in absentee were the best of the best and they were rewarded by having their product unallocated the word that they like to use they call it a shutdown the product was sent to mexico where they can pay people unfortunately at an exploitive rate of $20 a day in the american consumer was disrespected when the price of the vehicle actually went up i don't understand how wages are attached two car prices when they saved a whole lot of money on wages by building a mexico and raise the price of the vehicle. i find that the fallacy that the company is trying to push. liz: you guys have not gotten the call to strike at your plant, shawn fain the way he is handling this in the standup strike level where it comes in stages with three plants striking he has a lot of press

lately, today alone to headlines and i don't know if you saw them we want to show our viewers coming from outlooks that are procapitalist in the wall street journal on bloomberg the wall street journal headline says basically how uaw tossed the union playbook and pursued a surprise attack strategy, bloomberg said how auto executives misread the uaw ahead of its historic strike, give me a sense of how you feel about coordinating with shawn fain strategy and how that is working. >> i think the strategy is brilliant and i think it is fair, we don't want to hurt the company none of us want our company to do bad with the water company makes profit but we wanted equitable share in the profits of the company. i think they weren't bargaining in good faith of the labor charges that were put in and it's kind of ironic after those charges were filed they started coming with offers a multiple

offers, they knew the deadline was committed to every contract when you get signed and when this gets ratified there be an expiration date as well four years later so it shouldn't come as a surprise to an executive or ceo that this was a possibility we've been talking about it for over a month giving them plenty of time to come to the table and they are the ones to kick the can down the road and i think president fain by doing this is also given the company an opportunity to come back to the table and if you don't, we're going to escalate. liz: we are watching every second, we have reporters who are very focused on the story but as i finish up i want to ask you your grandfather came from northern albania as the 60s in the immigrant. you are second-generation auto industry, can you raise a family of four on your wage right now? >> absolutely not. i have three young children age six, five and three and on my

wage alone it would be absolutely impossible my wife is a full-time worker and luckily she can work from home one day a week but she is still working but both of us working together it is a struggle on working families i usually do the extra 50 or 60 or 70 hours to make ends meet but when my grandfather came here he raised five children on one income any shfoundation of the american drm and that's why they came here. you will find that common amongst most immigrants to come to this country for the american dream and it's almost sad and i'm almost happy he's not around to see what this great country has turned into and the country to provide a better living for his children and his grandchildren and great-grandchildren has fallen so far away from its original model that is no longer possible for myself to do what he did over 40 years ago.

liz: we will be watching every step of the way from both sides we hope it ends soon. a uaw worker mvp at local 51, thank you very much. >> thank you so much for having us and providing us with a platform, we really appreciate it. >> we are being fair and balanced, we had the managers on. here is a question can the nonunion ev start grabbing talent from the big three, it's already happening. nikola getting supercharged at this hour, up 34%, the electric truck maker has tapped a former general motors executive as the new chief operating officer, she starts next month. from trucks to treasuries take a look at the ten year treasury yield exceeding the highest in nearly 16 years 4.32% on expectations, the federal reserve will say at its meeting this week that interest rates have to stay higher for longer the floor show weighs in when "the claman countdown" returns after the break.

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plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $39 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. liz: fox market alert stocks are searching for direction or they are not moving. right now a couple of them are modestly higher, dow, s&p, nasdaq i'm stressing modestly, is down half 8% the federal reserve today policy meeting in less than 48 hours, we will officially no the fed interest-rate decision this month all but certain to be a pause, fed funds market bedding, this is a 1990% chance the fed will keep rates unchanged this time.

>> this could be the major maker, the fed will be based the summary of economic productions the outlook for gdp, inflation, unemployment and the fed target rate for the rest of this year, 2024 and 2025 and they will throw in the longer term estimates, investors are to be parsing through those projections for any shred of a hint of one last rate hike or an upcoming rate cut, at 2:30 p.m. to eastern on wednesday the real action, jerome powell holds the presser which spills over into the show we will be covering live with a stellar lineup including wharton's jeremy siegel in the capital kyle bass, that is wednesday 3:00 p.m. eastern you do not want to miss them and their assessment they will pull it all apart, oil moved today not helping inflation in the picture during the regular session west texas

intermediate hit a 2023 hi today of over $92 a barrel in the aftermarket pulling back just a bit, 9165, some analyst your hearing more and more predictive return to $100 per barrel before 2024, we showed you the ten year yield bond years to a 16 year high, two-year holding comfortably above 5% at 5.054% at the moment from the mostly the ten year four-point to 3% let's get to the floor show, j.p. morgan asset management managing director, chief market strategist phil blanco, the fed we know most likely it is a pause but what will you be looking most closely as it weaves into the equity picture. >> this is probably one of the most important meetings that we had a long time.

they will stay at current levels and this is an economy defying gravity much to their surprise, back in june they said the u.s. economy is going to grow 1%, they had six months of data the u.s. economy is most likely going to grow into a half% this year end we had five straight quarters above trend gdp growth for us the summer of economic productions they likely leave the meeting in november hot live because they had that already. liz: we have to look at the data, the real story is good to be next year the high for longer narrative of we are not cutting anytime soon don't expect us to cut anytime soon, they had 100 basis points of the easy next year because they thought we were either in recession or close to it and we are not because the u.s. consumer is still social. liz: how can they cut back, really, think about that, if gdp continues to grow quarter after

quarter or stay about 2%, when you look at the investment landscape on that outlook to go to the individual stock or the big index or by the whole s&p 500 things are bad. >> if you let up on bonds is a much better evaluation you get price appreciation we know student loan payments get back in it is the holidays, 10 billion on halloween, trillion at the end of the year, that gets us to the end of the year, point being higher for longer rates. simply the fed is not done and the inflation has not got there neutral pressure on the consumer in a trillion dollars in credit card debt, finance and 20% that begins to slow us down and that much slower, stocks are not cheap, at some point you gotta pay the piper. liz: not yet. >> what are the things that we

are focused on why has this economy been so interest-rate insensitive the fed has thrown one of the most aggressive tightening campaigns in the history of an economy and levitating above trend growth, this is important data all of u.s. 40% don't have a mortgage they don't care of this evident how% in the rest 85% of fixed rates, and you know what that rate is 3.6%, doesn't matter that that is at 7.5. liz: it might send a chill over the housing market. >> a consumption of 70% of the u.s. economy sitting on a 3.6% mortgage rate that's not changing anytime soon. >> is why the market is tight for housing and put you in a consumer that is fine gainfully employed, they can manager debt more than what is ever been but you need economic growth and earning expansion to justify the market and that's were struggling and that's why were trading sideways and you need to

really pull in the price of oil and get to a point with capitulation and economic data were we sustain a o higher but cost down. formally we have not got cost down. liz: the major indices don't look great, year-to-date there is strong shining stars, how long do something like that continue from where you sit. >> we are multi-asset investors. what that means infill mention bonds there's all sorts of bonds that keep you safe in the bond that look like equities, corporate bonds, high-yield credit, multiple forms of credit, in our opinion, we only have a 20% recession probability over the next 12 months, very, very low no recession asset classes the high-yield bond market that were able to get in the% yield and it allows us to get the yield over the next couple. liz: before we go three names that they are picking right now.

liz: the caterpillar for the big dividend of low volatility i love a crowdstrike simply because think of all the cyber attacks in the last two weeks and need to protect yourself, it has real margin expansion, 99% of the revenue occurs and finally amazon the holiday season companies could benefit in margin growth and finally get a chance of being up there on amazon the last of the magnificent seven, i want balance, by dividend payers and a little bit of risk and growth. liz: sprinkled throughout, great to have you both, j.p. morgan silk upper valley and phil blancato. summers biggest hit is set for one week imax release starting friday and a fox business exclusive imax ceo rich gill fun is here to talk about the never before seen footage that will be added to the supersized screening of barbie in four

days, some of the loggers on the s&p communication sector include barbie distributor warner bros. discovery we also have paramount as you can see, raymond james initiating paramount with the market perform rating not helping paramount at the moment, is down nearly 3%. we're coming right back with imax. ♪ we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

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trading higher by $257 to 26764. but earlier it had popped above 27000 at the moment we are at 26756, were watching bitcoin. in the meantime investors are dashing to doordash after they upgraded the stock to neutral and by the price target from 90 to $150, they are really confident were 8153 with shares they believe that the delivery company will surpass expectations in the second half of this year driven by slowing inflation and doordash market share, on the other end of the spectrum this is a. company of chamberlain and north face sinking after piper sandler downgraded the retail conglomerate from overweight to neutral, they also cut the price target from $28 to $20 investment banks say it now believes the turnaround of the company vans brand will take longer than anticipated we have

corporation following nearly 5% to $70 and change. , drew barrymore has changed her mind that she will not resume her talkshow until after the writers guild strike ends, the position comes after week after the actress was criticized for saying drew barrymore show will premiere today and compliance with wga guidelines without writers, they posted in instagram i have listened to everyone and i am making the decision to pause the shows premiere until the strike is over i have no words to express my apologies to anyone i have hurt and to our incredible team who works on the show and has made it what it is today. she got a lot of blowback, the show distribute it by paramount on cbs media ventures. we have that down 3% to $13.62 for. the hollywood writers strike kennedy the movie industry with shockwaves. they're not as big as

oppenheimer but they might be getting there, how long will they go one in blood what production of tinseltown future hits, we have the ceo of imax rich gill fun and a fox business exclusive with "the claman countdown" comes right back. stay tuned. ♪

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liz: labor drama not just affecting the automakers, today marks 66 days since the sag actor join the hollywood writers strike which stretched into the fourth month, now the strike effect is becoming more and more pronounced the list of movie releases delayed in production shut down due to the strike is growing moviegoers will have to wait longer to see dune pardue, govzilla, the new empire and the newest lord of the rings because all will hit the theaters later than anticipated.

how are movie theaters bracing for the delays, they are getting creative, jointing is now the fox business exclusive the ceo of imax which is about to get created by releasing a fresh version of the summers biggest hit, barbie with a twist. >> i was going to say fortunately were incredibly agile in our ability to change programming, if you would ask me three months ago we were playing barbie we weren't playing taylor swift concert movie we weren't playing the apple releases killers of the moon and napoleon were doing the talking heads concert, fortunately there is a lot of things and when some of the films move we could do phones that we couldn't do before we are doing marble, some were doing hunger games and because were playing one movie at a time it enables us to rotate around. but what you were asking about barbie that comes out this

weekend and were started for the review these warner bros. and gratis said why not do imax the biggest movie of the year end it should be seated the biggest format possible we purposed and remastered the sound and i have not seen about people on my team set is a fresh new thing it looks amazing because barbie is vertical she's in her home which is more vertical and the sound is fantastic. liz: there are added pieces of footage. >> i have not seen them don't ask me what they are. liz: is very top-secret at the moment, overall now that you start seeing more and more delayed releases that has got to cause certainly not joy but anxiety as you wait to see the movies coming out for example when you talk about doom doom was supposed to come out before the oscars which are in february

march 10 of next year, doom part two is to be pushed out to marc. >> fortunately we had a fantastic year we gave guidance in the year to 2019 box office levels and oppenheimer has done so great an avatar has done so great and we've been able to fill in with marble and hunger games, our guidance is still good we're still having a year i think her third quarter will be what are the best third quarters ever, the first quarter was the best first quarter ever, do we love the fact of moving around, no, i think doom will do a ton of business of march of next year i am told there is more action than the first one, the first one with the new film of 40% of imax cameras, this time 100%, i would rather there is no strike, we're doing quite well rotating around it and i do

think the longer it goes on the more we will see changes particularly in the second half of next year the rest of this year is mostly locked most of first half of next year is locked but the second half, if it settles in the next month i don't think there will be that much change but if it lasts into the new year we get more con concern. liz: you are concerned the way you operate to get creative, now it is really interesting to see this is going to be released, barbie still on screens nationwide but it will be released to the imax format and then you have another girl power film coming out this is the taylor swift errors tour and that will debut october 13th, what are you expecting for that because my daughter is very excited about this i tell you. >> mine is too. the good news the pre-sales have been really strong. have you sold out anywhere. 300 shows i think and we are not

supposed to talk about the numbers but i heard in etiquettes realistic that the movie could open to $100 million on the opening weekend and the presales are as high as a most any movie that's been released it's a very interesting model because the swift family is acting like the studio, usually studio warner or disney would release the film and then distributed but the swift family did their own production and they released it directly to theaters in imax all over north america. liz: has that ever happened before. >> not that i recall it happening. she is so unique is a talent, or social media abilities to promote herself and as you probably know they don't have a lot of outside advisors is like 15 people that manage their career. >> they are managing it well. >> to doing a pretty good job.

>> what i find interesting you just released the talking heads documentary, stock making sense it broke the previous live shows that you have ever done on imax what was the previous winter so we can get some context on that and do you anticipate doing more of these. >> i think the previous winter was brandi carlisle which is a live concert that we did what made this unusual it was jonathan demme's film from 40 years ago and we remastered it and we redid the sound and it was released as part of the toronto film festival in the new york times said it was a highlight of the festival and said one of the best concert films they had ever seen in they noted how great the remastering did it, the band was there so that was a thrill and see david berm bopping in the aisles to the song while he was on the

screen it was an amazing experience it if you think of the concert today most of it you are watching on the screen but the sound was so amazing and the also comes out this weekend. liz: no actors, no writers, this seems like an opportunity not to bypass what is going on but certainly as the starkey creative. >> you need to keep your company working in profitable and you want to attract things and the momentum coming out of oppenheimer and barbie was so great you don't want to lose that we also do a lot of local language films so we had her second highest in gross in indian film ever last weekend because the strike does not affect international territory so i think you have to be creative. liz: you are friends with a lot of actors you're friends with a lot of writers, you would love to see this when you.

>> i would a rider that i'm good friends with told me a number of his friends and colleagues are moving out of their houses, kids going to school private school, it is really tough on them, i hope there is a solution fast. liz: barbie i don't call it every releases got all kinds of freshness, thank you very much. >> i'm going to be all about govzilla, i am a govzilla girl. as warner bros. discovery bast and barbie success, it's gained a new bull on wall street raymond james initiating coverage of w bd and another streaming stock with an outperform, that name happens to be our counter closer topic as well, will get you the details straight ahead the dow was in the red, s&p and nasdaq all turn negative.

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♪. liz: folks, we've got lyft shares stalling out after the company agreed to pay a 10 million-dollar fine to settle charges with the security security. the sec accused the rideshare company with failing to disclose

that a board member had sold some $424 million worth of stock before the company went public back in 2019. the stock's down about 4% at the moment. lyft agreed to pay the fine without admitting or denying the charge. joining us charlie gasparino. >> this is bigger story than just lyft. part of it is what i found out over the weekend in reaction to my column in the "new york post" and some of the reporting we've been doing in the claman "claman countdown" internally in congress, and congress, on the commission at sec very much at odds with gary gensler's regulatory agenda. there is a function here in lyft. you remember the case about virtue. bringing a charge to virtue failing to have proper systems in place to prevented stealing information. we should point out no

information was ever stolen. the reason why because they basically had most of their systems in place. this was integrating it. liz: they fixed it. >> they fixed it. they self-reported it. liz: they self-reported? >> yes. liz: good deed goes unbusted. >> republicans in congress, are fuming over that. doug virtue ceo, he is a critic of gary gensler. they think this is banana republic type stuff is headline i used, a term i used in my post comment headline. now we got lyft. what ising about lyft, lyft didn't make the mistake really. when you go back, it was the board member failed to tell lyft that he or she, i'm not sure who it is, i will say, he, sold stock before the ipo a reportable instance. what they essentially did, as soon as they, you know, as soon as they were alerted they had to

filed it. so you're essentially holding lyft responsible for -- liz: for bad behavior. >> of a board member. no way lyft would have known. you're running a company, the board member selling privately through a broker. >> we're so vulnerable through our children, our board members. >> hester peirce is out now attacking this decision. she voted against bringing charges. i don't know how she voted on the virtue case. liz: she is sec member. >> she is a commissioner. she is the one who said we have a pull quote from her, and i think this is indicative of gary gensler's, some of the controversy around gary gensler, basically saying why should i be holding, i don't support fining a company $10 million for not disclosing what its director didn't tell it but that's what we did today. it is part of the behind the scenes back and forth with gensler. i can tell you staff feels like they're overworked. they think he is dictatorial.

republican commissioners feel this is one way train to some place that the sec shouldn't go given his climate change disclosures, some enforcement actions. the crypto industry doesn't know which way is up because there is some degree of regulation by enforcement and congress, thinks that gary gensler is taking the sec in place that is it is not, does not have the statutory authority. so the pressure is building on him. whether he cares or not i can't tell you, probably doesn't. he has the backing of joe biden. even better than that, he has the backing of elizabeth warren who is a key player in the oversight of financial regulation as a key member of the banking committee. they're very close. so that's where we are right now. this is a story, liz, that keeps growing about gary gensler and sec we'll be reporting this out even more in the days and weeks ahead. liz: one story leads to another. >> until of course, maybe he becomes treasury secretary which

is kind of where he is going with all of this. liz: charlie, to be continued. >> definitely, yes. liz: thank you very much. we got to tell you something with five minutes left before the closing bell rings, markets flat ahead of the important fed policy meeting which kicks off tomorrow, the decision comes wednesday but the nasdaq which right now is down six points, slightly in the red it has been all over the map today. in fact it crossed unchanged line 74 times that kind of indicates that investors are like, we don't want to make too many moves here before the federal reserve reveals what its plans are. wall street in wait and watch mode in the runt up to wednesday's decision, goldman saks disney outperform with a7 price target. disney is down just half a percent. the stock has fallen 20% over

the past year. despite that our county "countdown" closer says enter the mouse house, david dietze, peapack. you like it at this price. >> you have the writers strike. historic transition from linear tv over to streaming. as a result, disney is not just down 22% this year but at a nine-year low. these are world class assets. seven of the 10 top theme parks in the world are owned by disney of course one in orlando. eight out of 10 box office hits. world class content. liz: am i wrong trading pe 69? that is expensive. >> so i mean, in this business you always have to look forward. in our work fact set trading 1times next year's earnings. liz: flex year's earnings. >> discount to the s&p five

hundred. you have a dow stock, world class assets, market multiple, that makes no sense. liz: you have to ask yourself is disney going away? no it is not. >> no it is not. liz: no it is not. so you want to pick good stocks going through bad times. what else do you follow in an era that we are in the middle of which is the federal reserve will leave rates higher for longer? >> you know, so we're still going at fundamentals. there is a lot of calls you can't make on the federal reserve. we make meta here. we've been talking about meta platform since november. here is what i like about meta. billions of people on the planet visit their platforms every single month if not every single day. you have facebook, got instagram, whatsapp messenger. threads is starting to make some ripples, maybe some waves here. at the same time you've got world class innovation. you have the metaverse. of course they're into the a.i. liz: metaverse is not world class innovation. it is on the backburner. >> i have learn #-d never to bet

against mark zuckerberg. liz: at the moment. >> at the moment. liz: well he certainly stabilized and then grown. if you look at the stock, i mean year-to-date this is just unbelievable. always real time, 151% punch in to the upside. why am i buying it? >> two great reasons t was 20% higher two years ago. you're not at the high relative to two years ago. second, trading 19 times next year's earnings. you like the multiples. that is about where the s&p 500 is. a world class company trading at s&p multiple? what am i missing? what i love about zuckerberg, when wall street pushes back on some of his plans, meta last november he retreats. he cuts costs, he buys back stock. it is back up. he can start doing the investment thing. liz: david, what have you sold lately? what don't you like? >> so you know i would have to say some of the tech stocks we own we're starting to trim here. so for example, apple. i love apple but i mean, i'm

worried about china. that is 20% of their business. i'm worried about a 29 multiple when traditionally traded in the mid-teens. i think the new iphone 15 will be a winner. initial reports are pretty solid but i don't see our channel checks people immediately tossing in the 13 to get the 15. liz: this constant upgrade something driving me crazy here. we have stacks of old phones. great to see you, thank you very much. david dietze picking meta and disney. here we go. we'll call this too close to call right now. if the dow holds on to 11 points of gains we're seeing at the moment it will have the second positive day in the last three trading sessions. but it is hard to tell. [closing bell rings] nasdaq too close, two points, s&p up three points. we'll see you tomorrow. larry: hello folks, welcome to "kudlow," i'm larry kudlow? just a few minutes we'll