eggs, if you can't survive on the basis -- charles: i give you the last word, 20 seconds left. >> june spend more on travel, on those trails. charles: you can't say i can't might pay my student loan. you can try but can't have it both ways. all right. this is normally a day the market is up. we are down right now but the last hour of trading can be nuts. buckle up. i have a feeling we will have a late rally. put me down. liz: don't get too excited. we have breaking news to kick off the final hour of trade for the week, the month, the quarter. wall street's attention is fixed on the looming government shutdown. take a look at the live floors

of the house and senate. on the right, you've got live picture of the house floor, where one hour ago, members rejected the short-term funding bill, 232 to 198. that bill would have kept the government running through october 31st, but the freedom caucus, a band of breakaway conservative republicans led by matt gaetz of florida insisted they would block it. on the senate floor you see chuck schumer of new york. a couple things happening, talking the state of new york which declared a state of emergency due to extreme flooding. there are a whole bunch of issues that are very life-threatening. he's talking about that and the senate bipartisan bill that they would love to see the house tackle. it is not going to happen. as the government careens toward a shut down, the picture of the dow jones industrials, the blue chips have seen again

of 227 points but as soon as the failure of the vote on the house floor came through, a big drop, went to the lows of the session. the s&p at the moment the s&p climbing back from its lows of the session. it is down two points. had been down 24. up 33. the nasdaq for the moment dipped perilously close to the flat line. it is up 52 points. the shutdown shot clock. lawmakers have less than a day and 8 hours, 35 hours left before saturday's deadline to hammer a deal that avoids freezing paychecks of the military, tsa agents and millions of federal employees. that's just a slice of what could happen if the government closes up shop. to capitol hill, congressman ben klein, republican of virginia stepped in front of our cameras, he is a member of the house freedom caucus

refusing to back even a short-term funding bill and a member of the house appropriations committee responsible for appropriating funding for most functions of the federal government. a band of republicans torpedoed that bill even though it included millions to secure the us-mexico border. how did you vote and why? >> securing our border is the critical issue, we have drugs, human trafficking, sex trafficking, every district becoming a border district, i supported the bill because we have to start returning illegal immigrants to mexico immediately. that bill would have done that, fund the government that reversed levels and would have avoided the government shutdown. we are still the only body that passed appropriations bills. we past four appropriations bills, than the current path, we've got to end the biden/pelosi spending and reduce inflation for the american people.

liz: more time is needed. the continuing resolution would have given until october 31st to figure out something. and yet, let me, quote, gaetz. matt gaetz specifically said he will not vote for it. there serious bickering among your republicans, representative mike lawler of new york, republican. here what he just said. we do have this, listen. >> only one person to blame for a government shutdown and that is matt gaetz. it's not a conservative republican, he's a charlatan. liz: don't know how you can blame the democrats at this moment when you've got your own people saying it is matt gaetz and the freedom caucus. >> every democrat voted against this bill to keep the government operating. no democrat stepped up to support our efforts. liz: you control the house.

republicans control the house. >> that is right and we need to put forward legislation that does keep the government running. we will try to do that. we all have to recognize the senate is just trying to continue our spending troubles the created this inflationary spiral in the white house is no friend to conservatives either so we have to continue to stand by our commitment to the american people, to reduce spending, to secure the border and we will do that and we will keep the government open. liz: i applaud the freedom caucus for looking for a way to reduce government spending. the plans foot forward simply brings back spending to fiscal year 22 which should be acceptable to most. if you want to be known as conservative spenders, the freedom caucus wants to do that

but are you not fearful you will be known as the blockade, forgiven the government running, paying the coast guard, not to mention tsa agents, they will be totally -- >> the freedom caucus was split on this issue. i voted to make sure we reduce spending to pre-covid levels to keep the government operating while securing the border. hopefully we will continue to press on those issues because the border is an x essential threat to this nation and we have to address it. liz: let's bring it to in the event of a shut down, border agents will still have to report for duty but without pay. what else is at stake? you've got voters on both sides thinking this is a total disgrace. >> it is very frustrating. that's why i voted for the bill to keep our government

operating. liz: how do we got another bill passed with a day and 8 hours and 34 seconds left before the government shutdown? >> i think you will see more unity if we reduce the time of the continuing resolution. if we look at a few days where only things we can vote on our appropriations bills to keep funding the government three days, 5 days you would get more support, 30 days is too much time, doesn't keep our eyes focused on priorities of funding the government, reducing spending, securing the border. liz: we should put an intraday of the dow jones industrial average, down 143 points but markets are watching what you are doing in washington dc, the low was hit when the continuing resolution was rejected on the house floor, what would you

accept if there were a bipartisan bill that had money to secure the border, and money for ukraine? >> i don't think we need to spend another dollar of american taxpayers money on ukraine until we secure the border. >> if that was in the final bill? >> one of the problems with over $100 billion we already spent on ukraine is lack of accountability for that money and lack of a plan on how to bring this conflict to a end. we have no plan. a month ago, to require the administration to but forward can, democrats helped to defeat it. we have to have a plan before we spend more money and ukraine, can't justify more taxpayer dollars. liz: thanks for jumping in front of the cameras which our viewers appreciate hearing what's going on minute by

minute. we are continuing to follow breaking news from the united auto workers picket lines, shawn fain has just called for 7000 more members to strike bring the total to 20,000 members at 40 facilities across the nation. the latest strike locations are before simply line in chicago and we are getting headlines from ford's ceo who is smacking at the uaw and the ford explorer, aviator area at the plant but in lansing, michigan, a buick enclave. they are not facing additional strike after it offered the unions last minute concessions, big 3 companies have shares that are slightly lower. let me get to jeff flock, outside ford's assembly plant. one of the three strike locations was what are you

hearing about comments here? >> the gloves are coming off on this. jim farley shooting back on the news that ford is going to be struck in chicago. a big plant, lots of workers. not long ago in the last hour, the uaw was holding this agreement hostage because of concerns about battery plants and cost of jobs. the uaw, we contacted them. a source shoots back that that's a lie. we don't believe that. you know, it is getting tougher. shawn fain on facebook live today announcing additional strikes. jim farley said this. in his view, shawn fain has been on tv more than state farm lately. that had to hurt.

and reported there has been progress at saw lantus -- --solantis. afford folks say the folks at the uaw are not serious about the progress. i asked shawn fain a short time ago that question. 's response. >> nothing has changed. the companies chose to wait almost seven weeks to get serious about bargaining. they put themselves in this position. expectations haven't changed. >> reporter: shawn fain on a tour, motorcade, or whatever, parade of jeeps, to other vehicles at plants that are not being struck. he's he is going to another uaw strike location, represents blue cross blue shield, in the

chicago explorer plant. the explorer and lincoln aviator as well as the explorer interceptor, a police vehicle, chicago, the place for a strike, you hope that this is going to be settled anytime soon, you are wrong. liz: he said shawn fain has been on tv more than jake state farm. if you wanted to say shawn fain has been on tv a lot, we are going to keep an eye on it. i get the frustration on both sides but with the government shutdown less than a day away we don't need more strikes. as traders say goodbye to another rough-and-tumble september, the outlook for the

fall is historically better. what do two of the best traders in the business say? john and pete are about to join us with the best october trades, with 4 minutes left to trade, look at the standout names that buck a hideous september for shocks, best performers, rivian and constellation anyway. stay with us. ♪ this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district

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>> the nasdaq is the holdout in the green still up 30 points, but forget what's happening today but september in total,

in total big picture is not one to remember. 3. 5 or more from the month. dow jones industrials wrote 3. 5%, the s&p down 43/4 of 1%. they are looking at the worst monthly performance, s&p's worst monthly performance of 2,023, the dow and the s&p will close up their worst quarter since q3 of last year. the nasdaq is the worst performer of the month down 5.6%, the tech heavy index on a quarterly basis, on pace for the first quarterly loss, less worse pictures. less inflation data show the cooling to render continues. august headline pce, personal expenditure up 3.5%.

core pce is the one that the fed closed out. finally breaking below 4%, the inflation gauge rose 3. 9% compared to july's 2.4%. stocks performed better in october, that may very well mean the federal reserve will continue to pause the rate hike cycle. the najarian brothers, john and pete, who are not waiting till october to make their moves. how is october looking from 30,000 feet up? you can fight over who gets to start. >> john is older. >> it's my birthday today. i'm 6 years older. we are not twins. a lot of people think that.

liz: i thought you were 25. we learn something new every day, breaking news. >> markets are clearly nervous in the real small-cap stocks, the russell 2000. you just cited the losses of the three majors. the next one down, the russell, is down harder. that is one that tougher's -- touches joes and janes more than the big stocks, apples depend on all of us buying devices and so forth, overall, people are kind of nervous, facing a government shutdown that accelerated that nervousness. liz: little brother peter, do you agree? >> i do agree. i point to the two year and 10 year list. the reality is 10 year getting over 4% at the start of august

after starting 3. 7% at the beginning of the year but the 4% levels a line in the sand and it seems we started to see that turn from the first half of the year and we see it start to accelerate as we got into september. we are starting to see that two year get up above 5%. you combine those two, gives you a reason, if you are out in the markets hearing nasdaq stocks, maybe you want to take risk off, doesn't mean people are selling positions completely but there's a bit of a transitional phase, where folks say i want to take a little bit off and stay here but i will take a little bit off and go over here, where i'm looking at the 4.5% level. liz: nobody ever -- from taking profits. what are you buying? you don't wait for the start of the month, do you? >> you can make money to the

downside. a lot of people had a good month because of that. which a lot of people are doing. one of the buying lists, or rum. it is solar, when energy is in demand, not just oil and gas stocks, solar stocks go up, uranium stocks go up, anything involved in geothermal goes up because these are alternatives when people are looking at much higher energy prices for the foreseeable future, they scramble and look for where can i mitigate some of that pain, and stocks that represent those areas of pain medication is where they are going now. liz: it is a 2. $7 billion market company, something tells me -- you might be -- you are shaking

your head. one is smarter than the other one. >> the older brother has got me. he is a berkeley guy like you so i can't say that but i will say this. when i was looking around there are certain names that stand out in certain parts of the world. they made an extra ordinary move in a short time, essentially an internet stock with different other capable it is, e-commerce, financial services, you name it, one of those names you look at the fundamental side of it, i like it. on a day like today when you see the market getting hit to the downside, this is a substantial move over the last couple sessions to the point i already started to take some off. not one hundred%, but the majority. it made that sharp move in a short time. we are traitors still, we love investing but still traders,

the option activity we follow. liz: do you ever look at the indexes. coming off of a cuddly picture. the s&p looking at a bad september, do you say let me purchase them cheaper than it has been getting into october and november. >> i do occasionally, mainly do, like pete might do, purchase short-term protection against long positions. a host of stocks, rocket lab, even disney, that are looking cheap at these levels. it depends what happens with the government shutdown. if mccarthy can't get the troops behind him when they start at 4:00 that will be really tough for the market coming into monday. liz: i am glad you brought that

up. there will be a closed-door session with kevin mccarthy, the speaker of the house. we want everybody to know, i have a control room of the claman countdown team watching every headline. these headlines are moving out of washington dc. thank you very much, great to have you on this friday. the meal kit stock that spent years whimpering is going out with a bang. apron shares, wait until you see, they are skyrocketing. 50% is a lot? 70%? we are going to show you how the stock is moving in a few minutes. here's a look at top food delivery stocks. competition has been an issue. amazon, kroger, and walmart, amazon and door d- in just a

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the bickering in washington dc and what might happen with a government shutdown which looks to be a reality. we talk about long-suffering investors. got to be thrilled at this hour. look at this again, 134% on news that wonder group is announced it will acquire the meal kit company. blue apron shareholders who get $13 in cash per share, valuing the company that made her $103 million. that's just a tiny fraction of the $2 billion valuation six years ago. those of you who remember or care to remember, apron got off to a great start, went public at 10 a share in 2017 and proceeded to struggle to stand out from dozens of meal prep rivals. in june apron sell its assets including its fulfillment center to fellow meal company

fresh ground. right now, full apron shares not at 15, so $12.87. bank of america thirsty for anheuser-busch in bev. they raised the stock from neutral to a purchase and up to the price target to $65, 68. look at it now, $55 and change, the banks is the cost of goods sold, started to ease and even though revenues declined in the us do to lower sales of bud light the beermaker did expect better than expected numbers and i want to point out, bud light has been through a lot. the parent company, shares at the annual lobar $44. right now anheuser-busch has climbed back $10 from that and you will low of 3.5%. walgreens is considering tim wentworth as its next ceo.

people fully or with the matter say no final decision has been reached. stock has fallen 13% since the abrupt departure of roslyn brewer but right now it has clawed back 7%. carnival corporation hitting choppy waters after booking its first quarterly profit since covid. providing a down outlook, the cruise line blames higher fuel prices for the lower fuel cast. carnival cautioned in june the higher ticket prices might not be enough for fuel costs despite today's 5% loss, stock has floated 66% higher this year. new york's iconic skyline comes courtesy of commercial real estate and the sector has been hit hard by covid as workers rushed from the city and left offices behind, too slow to come back about one of the most respected commercial real estate executives in the nation

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liz: if you're trying to buy a house, not great news. mortgages are the most expensive are they have been in 23 years. the new numbers show the 30 year fixed is now 7.31% up from 7.19% the week before, that's more than a 2 decade high, higher rates from commercial to residential, cushman and wakefield is at the top of the most iconic buildings around the nation not to mention new york city skyline which by the way is drenched in torrential rain but 26 skyscrapers in other states. when will they get closer to

full capacity? and what is the outlook for real estate. joining me is chris mosley are in a fox business exclusive. can you tell me when we will get closer to for occupancy? >> the good news right now, occupancy has increased since post covid to 50% or greater. the benchmark was 75%. in a recent report, partnerships at 58%. ceos want people back, you can't mentor people, to innovate the resume call, you have to people in the office. people are approaching in different ways. by and large we are sadly increasing, seeing them come back to the workforce. i will say the workplace itself is changing.

liz: they are upgrading buildings. there isn't an opportunity to upgrade all the buildings and everybody will come back. are you converting some of the properties from business to residential? >> two things on this. we are seeing significant investment, in a meditation, amenities. we are seeing buildings that invest, new development, there is a bifurcation, they are outperforming the rest of the marketplace. do you have obsolescence in the marketplace? yes we do. let's be realistic. the average age of these properties is one hundred years or greater, not easy to convert these properties. when you go commercial to residential you lose 25% of the floor space and the cost of

funds today with interest rates being what they are not easy to do. we need a public-private partnership, a comprehensive review of the total marketplace. to approach that way, the mayor is right in general, approach that way, we could make a difference because affordable housing is crucial to keeping this generation of worker in new york. liz: let's talk about residential. as if you don't know anything about this, the national association of realtors, and florida has overtaken new york as the nation's second most valuable housing market. are you seeing a boom from residential to commercial. is a translating? >> it too early to say we are seeing any kind of a boom from

residential to commercial. people talk often about people moving to florida and how many companies, i have yet to see a major corporate headquarters relocate to florida because the infrastructure isn't there. at the end of the day they can't support a major corporation and in addition the educational system isn't there. we are seeing people move. we are seeing people have a presence. we are the financial capital of the world. the infrastructure. liz: maybe this is an opportunity. >> i would not call this the bottom yet. we are facing -- here is the apart, let's deal with facts, we are facing in 2,025 a maturation wall of debt that will come do. liz: i am hearing worse. >> i'm out optimist, real

estate has dealt with interest rates, we will adjust. i am also telling you at the end of the day, what is most important beyond all this is corporate health and corporate demand in the marketplace. we are in a moment we are off year over year, the demand will return, it is pent-up. liz: over the decades. you are the ceo from 2005-2010 before cushman went public. since it has gone public the stock has not performed in any metric, you look at one year, 3 years, 5 years, how do you get that to move? you are not running the company right now. >> i am not concerned. it's a global platform that is unique, 62 countries, we have 52,000 employees. the system we have to deliver, client and market share is

growing particularly in these difficult times. none of the real estate service company stocks were performing particularly well, that's part of the moment in time we are, that will change too. liz: thank you for all you do for veterans. i wanted to our viewers to know, he spent every minute of his free time doing things for our veterans. thanks for being here to talk real estate. a dramatic about face from the securities and exchange commission regarding something we just told you yesterday. valkyrie gets shocking news about its bitcoin futures. charlie gasparino with details why valkyrie failed to reach market walhalla. the closing bell 14 minutes away. the dow losing 174 points on the last trading day of

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♪ liz: i'm picking up my jaw off the floor. yesterday, just yesterday with, we had valkyrie chief investment officer on "the claman countdown" exclusively discussing the security and exchange commission's approval

for valkyrie to begin adding ether futures to its existing bitcoin futures strategy etf. following his appearance on the show, the sec contacted valkyrie asking them to unwind their ether purchases and wait million next week when the agency plans to green light a handful of other' here to yum etfs -- etherium etfs. charlie gasparino, give me the back story here. >> ellie, my producer and i, ellie's very plugged in in the crypto world, we're trying to unravel this. clearly, the message that was received from "the claman countdown" which was nothing more than -- liz: he did not diss the sec. he said they've been working well together. >> that appearance on this show sparked, from what i understand, incredible outrage among his competitors. liz: oh. >> the competitors turned around, called the sec -- liz: after they saw his

interview here. >> now, we are searching, just so you know because there's been some talk about this, about whether one of the competitors has some connection with gary gensler in a private life. apparently, one of them does. i'm not saying he definitely does, or she or whatever the firm is, we're going to check it out. ellie's on the phone right now. if that's not the case, we'll come back monday, and i'll clear the whole message up, whole thing up. but with apparently, the blowback for giving them the head start was so great that gensler then got involved directly, overruling his staff and said we want you to delay all these until, i guess, monday, the 3rd or, where they all come out on monday. listen, you know, it's kind of fun writing about, you know, sort of confusion in regulatory sort of approvalses or what not, but i think this speaks to a bigger issue. there is a degree of confusion at the securities and exchange

commission about gary gensler's agenda in terms of regulating crypto and how it should be regulation is and approval of various products as part of that regulation as the sec grapples with this industry. there's immense confusion. the staff thought this was okay. the staff -- liz: approved it. >> -- approved it. it's green lighted. valkyrie could have gone today and said, screw you. they're not. guess why? because they're being regulated by gary gensler and the sec. that's the last person they want to annoy, right? so the staff calls up valkyrie and says can you just wait a couple days to let everybody do it at the same time -- liz: for everybody to catch up? >> i just want to know who the connections with these other firms with the sec, that's clearly -- liz: who called fetching. >> i'm9 not saying there is, like, the fix is in. sometimes there are innocent explanations for stuff that looks really bad. again, we put a call in to the

sec, we're waiting for them to get back to us, but this is juse crypto industry right now because it is so bizarre, it makes no sense and, again, liz, i mean, we've been reporting this out for a long time. there needs to be a standard of compliance in crypto that is set and is followed uniformly. they should literally tart from ground zero -- start from ground zero and do some sort of safe harbor on this stuff now because this is getting really bad. literally, ftx was going to get green lighted to do some sort of sec-approved exchange -- liz: before it went bankrupt. >> sam bankman-fried had numerous meetings with gary gensler, and then something like this happens or something like coinbase happens and, you know, the sec goes after coinbase but doesn't go after ftx because coinbase, after they go through the ipo process, you know

essentially what's under the hood. liz: right. >> this is a bizarre way to regulate this industry which isn't going away. liz: does this mean for spot bitcoin etfs that that they're going to hold everybody up so they can make everybody catch up and be happy and then -- >> my view,they're like, you know, wringing their hands on this product which is essentially all but approved because they're allowing futures etfs out there, right, for qualified investors, they're never going to approve a spot bitcoin etf. i know, listen, larry fink is very plugged in in the biden administration, i'm sure he's making calls, but i don't think that's ever going to happen. liz: it sure is interesting that the others watched and saw you finish the. >> saw you. it's your red hair that caused them to freak. it just glowed -- liz: red heads have that effect. [laughter] charlie -- >> it's friday. what a way to end the week. [laughter] liz: thank you very much. all right, take a look at the stock market on this friday. again, last day of the week,

last day of the month and last day of the quarter. good-bye to september. and as we approach these final minutes of trade in september, it can only mean spooky season is here. today's countdown closer has three picks he says will not frighten your portfolio. hudson valley investment advisers' cio who manages more than a billion dollars. all right, let's go. before we get to your picks, the government shutdown, how close are you watching it and its effect on the markets? >> historically, you end up having just basically a 2 to 3-week period, we get past this, and the markets come back. so we're not that worried about it. is there other things that could happen, potentially, but we're not that worried. liz: the economic data, if the government shuts down, that will not be released because there will be no employees to put it out there, construction spending, the jolts, job openings, which has become an important metric here. but friday's jobs report for the

month of september will not be released if there's a government shutdown, and a lot of traders -- can am i right, gus -- >> that's right. liz: -- look at that number and make investment decisions. >> you end up getting things that's from the groups that are, say, doing part-time employment, from public companies, you can get information from those. so it might not be exactly what you're looking for, but it'll give you a flavor of where the markets are going. liz: yeah. like akp will come out, paychex, exactly. give me the names that you like at the moment. >> we're looking at a.i. and green energy, and both of those areas are doing really well in the terms of investment. so the first one we're going to talk to is the guys hard building out, they're the we'll call it the pick axes for green energy in terms of looking at carbon with capture, buildout, lithium. if we're looking at lithium plants, that's one of the companies we like a lot. liz: okay.

let me just hold you up for a second because we're getting a sound bite if matt gaetz of florida, the congressman of the freedom caucus who has said he will not pass a continuing resolution or short-term funding of the government. here is what what he just said. >> i want us here, i want us working 18 hours a day. last night we were here voting til midnight, night before that. this place, under kevin mccarthy, looks more like a french workweek on moat days where we leave on a thursday, show up on tuesday. liz: well, or mccarthy has said he will work night and day, and he has been, to try and get something on the floor. and, of course, the markets are waiting on that, are they not? >> they are. and, once again, or these have happened before. we're just waiting for this to kind of work its way through. you know they're going to come to a last minute deal more than likely or hold things up for a week to two weeks. we don't see things going longer than that. liz: we had a very good improving of inflation number today, pce core. still up but lower than the previous month. what do you think? >> we think that inflation's

coming down. it's not going to get back to 2% in the short term, it's going to take a little longer, it's sticky. we're expecting that to push its way through as we move into next year. liz: gus, good to have you. thank you very much. >> you too. liz: here we go, folks. we are seconds from the closing bell. the dow wrapping up its worst month since february. the s&p and nasdaq, their ugliest month of the year. okay. but can i just say, october's known as the second best month for the stock market, no matter what? we shall see what happens, and we'll kick it all off for you on monday. gotta be there. ♪ david: hello, everyone, ask welcome to the special edition of" kudlow." i'm david asman in for larry kudlow. speaker kevin mccarthy facing a major losses in his efforts to avoid a government shutdown. americans are bracin