charles: yeah, it was awkward. yeah. >> i think they have to stick with who they are, stick to the issues, now it's really an issue game, and don't go for the low blows. charles: real quick, less than 30 seconds to go, i also didn't like that they cram everything into their first answer. they don't really answer the question, and they get out -- these consultants, i felt their fingerprints over whole thing. can they just be themselves? >> well, the consultants need to be fired. here's the thing, while there is a place to be able to pivot to what you talk about, it has to be in the same category of the question. charles: right. >> they went too far off. it was a mess. charles: all right, beverly, see you later. liz claman or or over to you. [laughter] liz: it's like, you know, you guys, you're not she can key green of thank you very much, charles. stocks rebounding, but i do have to temper this here. the major averages are off their session highs. 96 points for the dow jones

industrials, s&p up 23, the nasdaq up 1022. russell's got a gain of a 15 points and the transportses a nice move of a full percentage point. just about anything, we should say, that is chip-related due in great part to a.i. momentum is moving higher. intel is right up there as one of the top performers with a, let's see, 4.55% gain, that is a good move. applied materials, up 2.25%. these are the aaas, aat mat, apply frommed materials and amd. and how about arm? arm having a strong session. hpe at the bottom here, it is not specifically e a chip stock the, but it is getting a 3.5% bump on record-breaking order at its a.i. unit. coming up, ceo with antonio nary is here in a fox business exclusive on the brave new business he's doing in a.i. okay, so if you noted, i said just about everything chip-related because we needed

to leave room for micron which is going in the opposite direction. shares of the world's fourth largest semiconductor manufacturer having their worst day since may. stock is dropping 4.7%, just off session lows. a second ago it was down 5% here. micron's quarterly revenue fell 40% from a year ago and forecast a wider than expected fiscal first quarter loss due to waning demand for its high performance chips. but the ceo says, don't worry, it's going to improve in a year. stock trader's almanac is right again. september living up to its reputation as one of the worst months of the year for stocks. the dow is on track to close out september with about a 3% loss, and the s&p looks to see 4.5% sliced away. it does get worse from here. for the month, it's a 5-handle for both the nasdaq -- oh, now it's a 66-handle for the nasdaq -- 6-handle. it was about 5 a.99 when i wrote

that. and the russell 2000 down 5.5% for the month. nasdaq, by the way, is perilously close to dropping below 13,000, at the moment 13,199 1 points. we are an hour away though from to two potential market movers. fed chair jay powell will speak at an education forum, and nike earnings are going to be released. investors are very eager to hear some better news that moves nike. in 2023 nike shares have lost 23% of their value, and that's the worst annual performance since you've got to go back to 1997. all this plus breaking developments on the looming government shutdown. the u.s. government has begun notifying federal workers that a shutdown appears to be imminent. coming up, it's a can't-miss live interview with house budget committee chair jodi airington of texas. there is some breaking news. a bunch of republican congress people just sent a letter to kevin mccarthy demanding to

know some answers about what if, what if there is a shutdown. let's get right to the floor show, because it is affecting markets, at least putting a cap on them. joining me now, steve soz nick and trader e keith fitz-gerald. steve, which takes bigger precedent? there's green on the screen today, and that's impressive or considering we had kind of a fumble yesterday, and it's not been too pretty the past couple of weeks. >> yeah, there ises a little bit of a relief rally here. we did get a bit oversold earlier this week, so it's think to see a little bit of a bounce. but we kid see a lot of risk -- did see a lot of risk sentiment come back with in the market when we saw vix go from a 13.5 to 19 in a short period of time. we've come off a little bit there. it was nice to see us bouncing a little bit. the timing was such that it was right around # 1:30 when the europeans went home, the u.s. trader will play. but that's -- markets don't move in straight lines, so it's good

to see a little backing and filling after this decline. liz: keith, do you expect the sort of negative september seasonality is going to seep through until october, at least the first couple of weeks. >> >> that's a tough call for reasons that steve just mentioned. you've got a lot of back withfilling, a lot of give and take right now, but, a, that creates opportunity. and, b, you know, that's an exciting time if you're an investor or even a trader, because you want to buy low, sell high, or you want to have a plan and stick to it. chaos creates that. liz: well, as you said, chaos creates opportunity. there isn't exactly chaos at nvidia, but there is a headline we need to get to you all. nvidia's french offices have been raided in a cloud computing competition inquiry. of course, as we all know, keith, nvidia has been that leadership name in a.i. chip making, and it has -- well, let me look at it. yep, it is still at a $3

trillion -- sorry, yeah, $1 trillion market cap at the moment. shares are actually still up about 1.33 %, but these kinds of headlines, if they do end up creating some fear, volatility, is that the the time to scoop up some on discount? >> oh, yeah. no question in my mind. if you look at this, government regulators the world over have been caught flat footed by a.i., by technology for decades. so a raid like this is nothing more than going after microsoft, going after activision, it's going after google, amazon, whatever. big companies with great technology take that stuff in stride. that's not a problem in my book. liz: steve, taking in stride is not exactly what's been happening this september because the volatility index has had a pretty decent move. month to date, i believe it's in the red right now, yep. just down about want to say 4% today. but for the month up 28%. how do you capitalize on that? how do you do what keith just

talked about, take chaos and turn it into a good opportunity? >> well, you know, you have to think of it in terms of complacency versus chaos with. i any right now earlier this month we were pricing in complacency, which was fascinating to me because the market wasn't complacent. it was sinking through -- you know, we haven't come up to our levels from july 31st ever since then, so we've been sinking steadily since. but the vix was, like, mired at complacent levels. then we got back to more normal levels. but that big jump to 19 only took us back to more historically normal levels. i'm using this as an opportunity to buy pullbacks in vix right now. that's one of the things i'm looking to buy because i think there's still more volatility reckoning to come. we've not yet found the bottom. maybe we have today, but today doesn't feel like a major bottom, it feels like a bit of a trading blip. and i think until or unless we start to feel things have turned around in fixed income and equities, i'm looking for opportunities to buy volatility.

liz: i'm not so sure is about fixed income. treasuries, if you're talking about government debt, keith, we are still at 16, 17-year highs, 16-year highs for the 10-year yield. right now the 2-year is at 5.079 %, slightly lower than yesterday. but these are still big deal yields. and you've got so many people out there shorting treasuries because they look at what the fed said, longer -- higher for longer when it comes to interest rates. >> well, i mean, you know, that's the oldest trick in the book, how to screw up financial markets, higher rates ahead. the fed is dead set on doing that, and they can't seem to -- liz: okay, so don't fight the fed. >> i'm sorry? liz: don't fight the fed. if they are going to do what they're going to do, profit from it, right? >> well, exactly. this is the thing, you know, it's the oldest rule in the book, you don't fight the fed. whether you agree wit or not is moot. [laughter] one of the ways i'm doing that is going after companies like chevron, for example. we know the fed's going to

introduce more spending, the government's going to have more spending, higher rates, oil is a great way to play that. it gives me the offset to go after tech aggressively. liz: steve, nobody got poor taking profits off the table. >> that's really one of the adages that every trader lives by, right? liz: so would you sell when you see a rebound like today? >> it depends where you think the trend is. if you believe that the trend has turned meaningfully lower in equities, well, then you have to switch from buy low, sell high to sell high, buy low. that's when you do take profits, and and you hope to come in at a lower valuation. i think right now the medium-term trend is pointing lower, and so i think that's a reasonably different tactic of taking profits when you can get them and looking for better entry points. if and when the the trend turns back up, of course, you want to be looking -- liz: that's right. buy low, sell high. and hen sell high, buy low. my dad, a doctor, notoriously

bad investors, doctors are. would say, kids, buying low and selling high on kodak put you through college. [laughter] steve, keith, my thanks to you both. breaking news here, president joe biden campaigning in arizona at this hour. the president announcing he is directing funds to build the mccain library at arizona state university to honor the former republican senator, presidential candidate and war hero, john mccain. critics of the president are complaining that while he's there in arizona, he is not planning to visit the southern border during his stop, and it was border security that was one of the hottest topics during the second republican debate last night at the ronald reagan library in simi valley california. seven candidates, a lot of people on stage, fought to stand out in the fox business debate, and today her trying to spin the results in their favor. madison alworth is at our debate location with more on what the 2024 candidates are saying the

day after, madison. >> reporter: hey, liz. how are you? so following their performance during the debate last night, candidates are spending the day today clarifying and defending their position. they're also calling out the front-runner for not being in attendance. >> in iowa and new hampshire, those voters expect you to show up. he tried to attack me and has been doing it a lo. you know, it's one thing to do it behind a keyboarder. step up on a stage and the do it to my face. >> reporter: the approach to ukraine was one of the more divided moments of the night. vivek ramaswamy and ron desantis arguing that the money spent on ukraine aid could be better spent here at home. others stressing that a loss in ukraine has a dangerous ripplefect. effect. >> we need to arm the ukrainians to degrade the russian army. this is a fight with china and russia and, and north korea and iran. and we need to send them all a message on this. >> reporter: china was also a

big focus, specifically ties with tiktok. here's nikki haley calling out vivek ramaswamy for his presence on the social media app. >> part of how we win elections is reaching the next generation of young americans where they are. >> tiktok is one of the most dangerous social media apps that we could have. >> yes, it is. >> and once you've got -- honestly, every time i hear you, i feel a little bit with dumber. >> reporter: he -- she had the opportunity to clarify her position this morning. she doubled down. >> -- that is really controlled by our biggest enemy is not what you need to be telling young people. this is a major espionage tool that china's using. why are you getting on it in? >> right. >> i think it disqualifies him right off the bat. >> reporter: of course, the economy was a big focus last night, and one of the things that all of the candidates agreed on, they feel that bidenomics is not working. liz? liz: madison alworth with right there in california, thank you, and thanks to the whole fox

business team behind the scenes especially. that was one beautiful set. they took forever to build it, they were so meticulous, looked great. so thanks to the tech team there. artificial intelligence forcing businesses to change tactics across the nation. up next, the ceo of hewlett-packard enterprise is here in a fox business exclusive on the record amount of business they are doing as they bring with a.i. into the hpe cloud. you need to turn your attention to the dow 30 heat map. as i said at the start, yes, intel is at the top, and now it's climbing up even higher followed by caterpillar, jpmorgan chase and cisco. at the bottom, boeing, procter & gamble and walgreens. "the claman countdown" is coming right back, so you're not allowed to movement i'm sorry. ♪ ♪ this is spring semester at over 13,000 us school districts,

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liz: look at that, the dow has just added a whole bunch of points to gains here, we're now up 167 points for the blue chips. 9 chatgpt is about to get even smart orer. openai says the chat bot will now be able to browse the internet on its own. this is a new feature that's going to be called browse with bing. it's a big deal because before the model, before this new one, chatgpt was trained on a system with data that sended back in september 2021. this new update gives it realtime, fresh day -- data breaking at this sr. moment, so it's become a critical part of hewlett-packard enterprises business. its a.i. unit saw its largest order book ever last quarter, and now the company is realigning its operational

structure to take advantage of all that demand for cloud and a.i. with a new unit called hybrid cloud business. joining me now in a fox business exclusive, hpe ceo antonio neri, tell me exactly how this realignment will work, and how does it capitalize on what aa peers to be currently insatiable demand for all things cloud/a.i.-related? >> well, good afternoon, liz. thanks for having me. it's always a pleasure to talk to you. so we are living in an inflection point which is obviously going to change the way we live and work, and you talk about a.i. hewlett-packard enterprise has been at the forefront of the innovation that shifts traditional cloud architectures, what we call a.i. ark tech cantures. and you just said it in your commentary, we that had -- had that amazing quarter where we saw the record-breaking demand for our a.i. solutions. and so this realignment allows us to go further and faster where we're bringing all the

technologies and the engineering capabilities to accelerate that inflection point by delivering simple to consume a.i. services. so we are very excited about the opportunity. we already see the traction in the market, and very excited about what we can do in 2024 to accelerate for our customers. liz: okay. let me get to the simple to consume offerings that this has. can you describe what your a.i. in the cloud is going to enable your customers to do? >> yeah. let's define a.i. a little bit, liz, because we think about in three aspects of the life cycle. there is the training side, the tuning side and influence side. you talk a little bit, in your commentary early on, about openai, that they are doing to train this model with this fresh amount of data, large amount of data. we're talking about now trillions of parameters, right in in and that is to make this very, very accurate and reliable too. and when you think about that,

it's verticallization of the use cases. think about if you are -- how you implement robots or bots of sorts to improve the productivity of the employees. but we really like the other aspect of this which is to advance business outcome from if models like, for example, molecule darkening used ebbs tensively to find -- can extensively to find cure for diseases. and we'll find answers in ways we have not imagined before. or, for example, accelerate the research, right? so whether it's a very complicated science, and when we think about how weather is done today, it is more in the physical level. you read the radar, you know, screens and then you do some forecasting on that. now we can do some predictive analytics based on past history together with the physical models. or, for example, another great example is the simulation in modeling and designing the next,

most efficient airplanes. and that requires a lot more than simulation and a lot of data. so hp's at the forefront of making this model efficient. liz: it cuts down on that hand to pencil to mind to paper work where you're actually aggregating the data and trying to come up with the answers to all of the issues that you just came up with which seems to me absolutely brilliant. when you look ahead at all of this, you've got a record book already. something tells me at least in the short term that's only going to snowball to even bigger orders. how do you keep ahead of that and enable your team to reach those orders? because sometimes when you can't make the customer happy by filling their order, you lose that customer. >> well, i think customer understand that the demand outpace the supply at this point in time. obviously, the access to some of these, you know, accelerated type of technologies isn't short

at this point in time. but also the same time takeses time to build these systems and deploy that scale. when you think about the scale we have deployed, we have systems that are able to process quintillion operations per second, and that's thousands and thousands of gpus. a lot of the system we are deploying is 600,000 gpus. but ultimately, it's planning ahead, getting our factories in line, working with our great partners and suppliers to make sure we time and sequence this correctly so we are ready to deploy at the time the customer needs it. liz: let's talk about what it will do for your bottom line. we've got an investor audience with, some may be thinking of buying the stock. you've done very well over the past year. year-over-year your shares are are up 39% compared to a 15% gain in the s&p over the same time period. when do you start to see this really become -- to the bottom with line? >> well, i think it's fair to

say we have been obviously not value for the work we have done. it's great to see the momentum we see in 2023. but remember, we have multiple businesses here. number one, we have our intelligent edge business. you know, you're going to see this weekend an amazing event called the ryder cup. the entire infrastructure of the ryder cup from the cloud to the connectivity is hp -- [inaudible] you were talking early on about the debate last night. well, entire infrastructure around the debate with the conductivity was hpe behind the scenes at the reagan library. liz: ah. >> so when i think about those opportunities are immense, immense. but, obviously, a.i. is a massive growth opportunity and is a long-term opportunity because it's a big disruption. and that disruption is happening at a moment where hue let pack around a enterprise has a unique id that makes us differentiated. and this is where i'm excited to make those investments to capture this opportunity that makes us relevant but drives

share lolledder value over a long period of time -- share holder orer value. liz: antonio, a lot of smart people there, you among them. i just want our viewers to know, is america not a great country? antonio has been there for 28 years. he start in the call center, moved all the way up to ceo. so we love telling those stories, antonio. thank you so much. antonio neri of hpe. >> thank you, liz. liz: peloton racing higher at this hour after teaming up with another top fitness brand. we're going to tell you about deal and show you how both stocks are moving in just a minute. and here's a look at some other fitness stocks right now. beach body, flat -- oh, absolutely, when you gain a penny at beach body, because it's just pennies right now, that's a 2% gain. planet fitness up 2.25. exponential, down 4.5 a %. "claman countdown" coming right back, and is we are talking

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liz we've got some breaking news hitting the tape. tesla, which actually is not being hurt by the headline i'm about to tell you, stock is up 322.33% -- 2.33%, it's being sued by the equal employment

opportunity commission. the e e eoc is claiming that the electric vehicle maker has allowed harassment of black employees at its flagship fremont, california, assembly plant, accusing tesla of violating federal law by tolerating the widespread and racial harassment of its black factory workers. no comment yet from ceo elon musk, but just last month the justice department sued musk's rocket company, spacex, for discriminating against asylum seekers and refugees in hiring. the lawsuit alleges spacex routinely discouraged this group from applying and refused to hire and consider them because of their citizenship status. and as i said, shares of tesla feel9 not getting dinged up, 2.25% to -- peloton ask and lululemon joining forces by entering a 5-year content and apparel partnership. peloton will become the exclusive digital fitness content provider for lululemon, and lululemon will become peloton's primary apparel

partner. lulu said it will discontinue sales of the lululemon studio mirror before the end of the year -- yeah, that thing. the mirror was intended to challenge peloton's dominance of the home fitness equipment sector, but with it never really took off, and and l are ulu announced a $443 post-tax impairment charge -- $443 million. peloton zooming higher by about 6.7, lulu up a fraction of a percent. after surging earlier on the announcement ryan cohen will become ceo effective immediately, now gamestop shares are actually losing all of the gains that they had, and the success is down about 1%. the meme stock darling says cohen will, quote, not receive any compensation for his role as president, ceo and chairman can and will continue to engage in various business activities and pursuits outside the company. of course, cohen founded chewy, was the ceo, very successful guy. has taken a stake many gamestop. the video retailer stock is

dropping as investors believe that declining sales of physical video game software will sink gamestop. workday, oh, boy. this one's plunging to the bottom of the nasdaq 100, falling nearly 9% after lowering its target for subscription revenue growth for fiscal 2027. the business operations management cloud application company revealed the news at its analyst day today. shares are on pace for their largest percentage decrease since november of 2020. and investors are hitting the brakes on car max. stock is down nearly 13% at this hour after the company missed analyst revenue expectations for the fiscal second quarter. the used vehicle retailer blames rising interest rates and tightened lending standards for the dip in sales. carmax said it actually bought 15 is % fewer vehicles from consumers than the previous year with as steep market depreciation hurt volume. so price coming down. remember how high a they were during the lockdown? shares at the moment, as i said,

down about 12.8, at the bottom of the s&p 500. compromise on capitol hill remains elusive at this hour as the senate and house pursue their own agendas. that's got the government barreling toward a shutdown this saturday night. congressman jodey arrington of texas is the chairman of the the house budget committee. he is up next live standing by, you see him right there, to tell us where house republicans stand at this moment and how he thinks we can put together a budget that will cut the national debt that now tops $333 trillion. $33 until. and he is best known as the attorney who defended bernie madoff and wolf of wall street's jordan bell port. but the back story of attorney ike sorkin is better than a courtroom drama. i've got ike in my new episode of my everyone talks to liz podcast. prepare to be captivated by his very riveting journal frey in the -- from the prosecutor's

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about a cashew farmer from mozambique named carlos. carlos lifted himself out of poverty with the help of techoserve. go to technoserve.org and see how you can support struggling farmers like carlos. it's a different way to make a difference. liz: breaking news, the senate just voted to begin debate on the bipartisan stopgap bill which would prevent a government shutdown. the bill would fund the government for six weeks and provide aid to ukraine. now, by rule the senate cannot vote to break the filibuster until saturday, so an actual senate vote on the bill would not take place until saturday

night or even sunday, and saturday night is when the government runs out of time to stay operating and will shut down. let's see what happens with lawmakers deciding to expedite the process. meanwhile, even if that bill were to pass in the senate, it faces totally stiff resistance in the house, and it looks more and more likely that americans will have to face a government shutdown in fewer than 2 days and 8 hours. joining us now, texas congressman jodey arrington. he serves as the house budget committee chair. please tell us what is the very latest, congressman. what's going on. are we any closer to any kind of compromise? if. >> well, i can tell you the senate's bill is going to just rubber stamp the schumer-pelosi funding of last year along with the schumer-pelosi policies. so they're not going to rein in the spending that's driving our cost of living crisis. and here's the real insult especially to folks in border states like texas, there is no

funding to do anything about the worst national security crisis and most imminent threat to the safety of our citizens, and and that's the disaster of at our southern is border. so that's dead on arrival. republicans have an opportunity to use power of the purse and work together on some internal republican compromise that will get us that ronald reagan 80/20 on the price tag, on the policies and then put it over on chuck schumer's lap to answer the question. do you want to keep the border wide open or shut the government down? do you want to rein in the spendingover shut the government down? but republicans have to get a unified funding package over the, you know, across the transom and over to the senate to make that happen, and we're still working feverishly to make that, to make that happen in the next couple of days. liz: well, when you say republicans, there are different echelons of republicans, are

there not, congressman arrington? in fact, a letter was just delivered to kevin mccarthy, i want to say about 42 minutes ago, and it is signed by the freedom caucus. they say, dear speaker mccarthy, we need the following information provide right away: what is the plan to address the public and the issues threatening final passage of the four appropriations bills being considered on the house floor, what is the schedule for the other bills, and all they're talking about is those things. they are not understanding or perhaps acknowledging what speaker mcthink would like to see himself -- mccarthy would like to see himself, and that is sides coming together and governing. >> there are legitimate and principled views across the board in our conference, and it is a very diverse conference of independent thinkers. and those concerns are related to the process like what was written in that letter. why can't we get all of the funding bills done on time so we

can vote on all 12, and why would we consider a continuing resolution, because that's just accepting the status quo and the broken budget process. but i would respond to that by saying by just ebbs i tending the time frame -- extending the time frame for a few weeks with 20% cuts and border security measures and putting that over at the feet of the democrats in the senate for them to answer that question, i think this is a very different scenario than some clean c.r., and then there are policy questions and concerns and there are price tag concerns. all legitimate, but at the end of the day all those principles are really academic if we don't achieve any conservative outcomes. we have to deliver results, and the only way that happens is if we unify, if we push through and we don't let perfect be the enemy of good and we put it over there, again, in the ball with, in the court of our democratic colleagues. liz: well, there are reports that in the past hour and a half

i want to say that matt gaetz, the republican congressman, just had a behind closed doors -- i don't want to say screaming match, but with it got very tense with speaker mccarthy. when you have some members of congress who are absolutely intransigent, if the democrats were to come forward and say, all right, we will secure the border, but you guys gotta green light some money for ukraine, would that be enough? you yourself do not want to see a government shutdown, do you? >> i don't want to see a government shutdown because republicans can't rally around a unified funding package that roots out the woke and waste at the pentagon, that holds this administration accountable for the lawlessness at the border. yes, i don't want that to happen. but i can tell you this, and there are plenty of other texans and members of my republican conference in the house, if we give our funding package to the senate and they return it without any border security

measures, that is also dead on arrival. and as i've said before, what good is funding the federal government if it won't do its first and most important job which is protecting the american people? liz: sure. >> providing a common defense. liz congressman, please join us back. who knows what's going to happen in the next 48 hours, but we'll be on the air, you will be there and so, please, make sure to dip back with in with us. >> god bless, thank you. liz: congressman jodey arrington. dow jones industrials, at least for the moment, up about 109 points. the markets are rebounding after yesterday's fall. we are coming right back with charlie gasparino and the value create cio who has a new fund that involves etherium. ♪ ♪ ♪ explore endless design possibilities.

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♪. liz: let's take a look at the price of etherium. ethereum is moving higher by 3.8%. it stands at 1656 at this hour. that is welcome news for asset manager valkyrie investments set to begin trading a exchange traded fund with ether futures. that is the coin snatched to ethereum. the nasdaq listed bitcoin esf

under the ticker symbol, btf, into combined fund renamed the valkyrie bitcoin etf. we have the founder and our charlie gasparino. steven, this is big news, we know certainly the sec has not been exactly welcoming, because in this way you're dealing with futures, tell us what the changing, shifting of this fun will enable investors to do? >> thank you, liz, charlie, for having me. so we actually launched this fund about two years ago when the aec approved bitcoin futures in a 40 act contract. liz: right. >> we're now shifting it to ether. due to the government shutdown they're beginning to accelerate investors futures for the etf we're working closely with the staff at. sec for the last 60 days to

update our investment criteria as well as our risk disclosures. now that we filed those we're looking opportunistically to add ether futures to this fund. >> greg, congratulations getting approval. will we see a bunch of these etfs tomorrow? the government shut down ask like saturday? >> i think we'll see a lot of aapprovals coming across the board tomorrow. >> that is amazing. >> we telegraphed to a lot of people they should get approvals as early as tomorrow night. >> who would those approvals be? >> i don't really know. there is a lot, there is a lot of issuers who filed but we were slated to be first on october 3rd but we're going a little bit early today. >> let's be real clear here for the viewer. this is a etf futures contract, so you have to be an accredited investor right, you have to have a certain amount of money depending what your brokerage

firm considers accredited. that is usually significant amount of money but this is sort of a baby step in sort of mainstreaming of crypto. because an etf if they ever approve of etfs on a spot basis, right? that means you can buy, you can buy it on your robinhood app. am i missing something here? >> yeah. look, you can already buy bitcoin and ethereum and several other things on several exchanges directly but for financial advisors and institutional investors, really the only access they have is through etfs. so this actually gives financial advisors the ability to give their clients exposure to bitcoin and earth ether through a etf. >> the spot etf would be a step forward correct? >> that would be a massive step. >> is that ever going to happen?

we had larry fink on here, i know cathie wood is looking to do it. seems like gensler, that is the wall. he is stopping at futures, not going spot because the spot etf would be mainstreaming it to the masses. >> that is exactly right and we have a spot bitcoin etf on file as well and, in the last two days, including today, the sec has delayed any kind of decision on decisions that were due in october. >> right. >> and as late as november. >> let me just say why it is people like the etf and not exact coin. you can buy the etf on the nasdaq, on the new york stock exchange. you feel like there is some compliance level there. you're not buying the coin on sam bankman-fried's etf. liz: you don't have to spend $27,000 for a single bitcoin, right? >> that is exactly right. you can purchase the exposure through an etf.

cme futures they're regulated and you don't have to worry about it going poof one day if sam, if sbf decides to run away to the bahamas with your money. liz: steven, give us a date, give us a date when we'll be able to trade ether futures? >> we're already today opportunistically buying ether futures for this etf. >> and the story, the story of your involvement is broken by ellie my producer, it is on foxbusiness.com. i would point out. liz: steven, please come back. this is getting juicy. you said there is a flurry of certainly fund approvals but not yet the bitcoin spot fund. we shall wait for that one. good to see you, sir, thank you. >> thank you. liz: and charlie, always a pleasure. >> no, it's not. liz: you're right, it's not. [laughter]. stocks looking to finish off a

pretty ugly month, let's call it what it is. of course the end of the quarter it is all tomorrow but october could hold promise because according to a key momentum indicator the market is now becoming oversold. that is actually a bullish indicator. joining me to discuss how investors can capitalize on these challenging times, b. riley wealth chief market strategist art hogan. art, do you think the market is oversold. >> i certainly do. it is interesting, liz, we went from being pretty extremely overbought in july to extremely oversold as we exit september. not usual, august, september, two of the worst months in the year for markets and this year is no different. the last three years have been pretty cans consistently bad in september. valuation got ahead of itself in july. a lot of enthusiasm. a lot of that is getting us to throw off oversold reads across the board. not just s&p and nasdaq but it is the dow and russell 2000. liz: do you get the sense there

are a whole bunch of individual oversold names that are ripe for picking and what are your favorite oversold stock names? >> winning through some of that this week. we did screens for focus lift and dividend list. one of the names on the dividend list we put on this week is pfizer. look at pfizer, clearly a pandemic darling with the vaccines now trading eight times earnings which is about half of the multiple is usually garners. throwing out a 5% dividend. clearly a robust pipeline and prospects for revenue growth. i think that is one name we'll look at. we put it on the dividend list. another name is john deere. this is company obviously considered cyclical. it is down with the rest of the industrials. down more than rest of the industrials. down to 10 times, usually trading 18 times. another value. thrown out with the bathwater with john deere and pfizer. liz: john deere hit a 52-week low today.

we're just off the low but very interesting here. nike reports after the bell, art. it has been a tough time for that retailer. weeks and weeks of downward movement here. that looks oversold, does it not, if you believe it is coming back? >> yeah the evenly, sort chink in the armor we overbought pulled a lot in the pandemic. all we did during the pandemic we jumped on computers and bought too many sneakers. i don't know about you but i bought too many. the china reopening really has end happened in ernest. that is big nike story as well. at these valuations you will not get nike much cheaper than but it may be a longer-term play in terms of turning around. liz: the competition on holdings which what i'm kind of into lately is up more chan 50% year-to-date and nike is% year-to-date. art, should the fed be done or one more, what do you think?

>> the fed should be done. they're not giving any real time to see the sort of long and variable lags and i think that there is going to be a update between now and november meeting where they likely pause again. december meeting i think we look at cpi, headline level that has a two handle which will be close enough to their target on pce. they will be too restrictive at that juncture. 225 basis points restrictive. i think they look at this year and say, okay, let's keep telling people we might raise again but they're probably done for the cycle. closing bell rings] liz: bells are ringing. put pencils down. let the interns go home. dow snapping a two day losing streak. nasdaq pulled off a bit of a rebound. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow still out here in simi valley at the reagan library. so let's talk about last night's debate. i don't think there is any constructive point in criticizing the republ