and you kept saying, no, you buy this stock. up about 300% from there. are you still holding? >> yes, as a matter of fact, and thank you for remembering that. it's nice to get one right. this is a tough business. i have not sold a single share of palantir, in fact, i think the company is poised to go a lot higher. there are very few companies in the world that even come close to what it's doing, and they are absolutely the crux of the war-fighting effort, the peacetime effort, at medical technology, any number of a dozen things that are playing into a.i. and our world as it goes digital. charles: it's always great and reassuring to have you during these periods. you're a long-term investor. it's a tough path right now, but this is how we get through it. appreciate it. thank you so much. >> thanks, my friend. charles: all right, folks, again, my special is tomorrow. you're to going to definitely want to watch that. but the next hour in trading is beginning to be bumpy, buckle up. here's liz. liz: just a quick note, charles, two major earnings reports

coming up after the bell, netflix and tesla. netflix is going to reveal quarterly numbers, and ahead of it, it is trading down. we just hit session lows for netflix, pop down to the bottom, the stock stands at $345 and change, down 2.7%. for the month necessary flint has -- netflix has not been pretty, down about 12.5. quickly checking on tesla, down 4.8% ahead of earnings there. but keep in mind both are expected to report numbs that are higher -- numbers that are higher year-over-year. all right, we're looking at definitive risk-off sentiment as we kick off the final hour of trade. the bulls are many retreat at the moment. we've got the dow jones industrials down 257 points, s&p losing 50, the nasdaq down 194 points or 1.5%. but just as tocks wither, brent crude -- this is the international oil bench of mark -- gushing above $91 a barrel as the israel-hamas war

reaches a new boiling point. just 24 hours after a missile hit a hospital in gaza killing hundreds, both the u.s. and israeli intelligence at this hour presenting evidence it was a hamas-made rocket and not an idf missile that tore into the hospital. regardless, pro-hamas and iran protests are breaking out in that region just as president biden arrived in israel and stood with prime minister benjamin netanyahu promising to help secure the release of the 199 israeli and foreign national hostages snatched during the murderous hamas rampage 12 days ago. but now iran taking one big ten closer to center stage in the conflict. the president now on air force one returning to the nation's capital as he tries the calm things and keep regional leaders in the loop. treasury slapping new sanctions on hamas today as the biden administration seeks $100 billion in aid for both israel and ukraine.

coming up, gop presidential candidate chris christie is arriving soon at our studios. he has been very critical of president biden's iran policies. are these new sanctions enough? what needs to be done and what moves would he make as president if he were elected during this historic and increasing arely dangerous war? right now we need to show you a massive pro-gaza -- is that pro-gaza or pro-israel? a pro-palestinian, this is a jewish group. can we get that correct? okay. this is a jewish group right now at the capitol, and they are calling for a ceasefire at the moment. they are singing and chanting. we are getting reports that u.s. capitol police are working hard to keep control of the situation. looks calm at the moment, but it is increasingly getting a little

tense as we are hearing from our reporters and producers on the scene. arrests have been made and protesters in zip ties have been led away. this as lawmakers are struggling to get a speaker of the house appointed. here's the latest on that. congressman jim jordan of ohio got less, fewer votes the second time around than he did in yesterday's vote. his team says he is going to fight on, but for now one side of the capitol is frozen in place. for more on the president's wartime visit to israel, we take it live to edward lawrence who is at the white house. edward, multiple moving parts here. what do you want to start with? i'll let you take it. >> reporter: that protest group, by the way, was outside the white house yesterday and did lock down, basically, all of the exits, delaying staff getting in and out. there were some arrests made yesterday e by the secret service. the president, as you mentioned, he's on his way back here to washington, d.c., will be back at the white house later on tonight.

his trip to israel was cut short because of the canceled arab summit, but the president is going to speak by phone to the palestinian leader, he's going to talk to the king of jordan as well as the president of egypt. now, president biden pledged support for israel saying that he will be asking for an unprecedented military and aid package. >> if israel didn't exist, have to invent it. while it may not feel that way today, israel must again be a safe place for the jewish people. and i promise you, we're going to do everything in our power to make sure that it will be. >> reporter: the president also met with families of those killed in the hamas attacks, also with these missing family members as well. 31, remember, 31 americans have been killed, 13 are still missing. the president strongly suggests that there are moves being made to get hostages out of gaza and away from hamas. president biden also pledged $100 million in humanitarian aid for gaza and the west bank adding that if a hamas steals

the aid, it will stop. then the president offered a peace olive branch to palestinians. listen. >> the united states and israel are not measured solely by the example of their power, and we're measured by the power of our example. that's why as hard as it is, we must keep pursuing peace, must keep pursuing a path so that israel and the palestinian people can both live safely, in security, in dignity and at peace. >> reporter: and we see images here, russian president vladimir putin in beijing where the chinese reaffirmed mutual trust and support for russia. the chinese president celebrating deepening political and economic ties. i can tell you the chinese have now a record amount of trade and oil purchasing between russia and china under president joe biden. liz? liz: okay. and just a hop, skip and a jump away from where you are we want to take it back now to the

protesters and to clarify these are many jewish groups at the moment calling for a ceasefire. they are saying that you want to stop the violence on both sides at the moment. you can see on the lower left there's a big black and white banner that says ceasefire. and again, we're going to keep dipping into this because this is a live picture of the cannon rotunda on capitol hill. we know in the past, certainly january 6th, how things got completely out of control. we'll keep our eye on this. it looks for the most relatively peaceful, we'll check back in on this. dow down now nearly 300 points. with the conflict threatening to pill other into with neighboring countries -- spill over -- it is not just the dow, s&p and russell showing fractures, look at the dow transports right now. as far as a percentage drop is concerned, it is the biggest. the dow transports at the moment are falling 2.9%. it has gotten progressively worse throughout the day.

all to -- 20 of the components, and these include trucking, railroads, airlines, ups, fedex are trading lore. and if you look at some of the u.s. airlines, united is cratering after warning that its q4 profit will take a hit from the suspension of flights to israel during the war with hamas. and it has not been a pretty picture for any of the airlines. we should note that american, jetblue and hawaiian holdings are all hitting 52-week lows this session. the cost of fuel, jet fuel, car fuel, whatever it is, bubbling up. crude gushing right now at the moment 2 here in the united states. 2%, hitting a 2-week high as saber rattling from iran, the main financial pipeline flowing cash to not just hamas, but to terrorist group hezbollah in the north, becomes louder. paul sank key, who in 2016 was -- 2013 was named number one oil analyst and got that title for years after joins us live

along with chief strategist scott redler. paul, we're talking a lot about iran at the moment. today iran's foreign minister blurts out that opec should cut israel off are from all fuel. >> yeah, he called for an embargo, which takes us back to the '67 oil crisis, takes us back to the '73 oil crisis. and you've got to remember that was an arab oil embargo in both cases, iranians not arabs, but as you know, it involves the gulf. as soon as you bring in the gulf of arabia, we get panic in key -- panicky. liz: it was about six or seven hours ago, al-jazeera was reporting it, new york times got it, and clearly we see oil now waking up. although are you surprise frommed it's not higher at this point? -- surprised it's not higher at this point? >> as we were talking earlier, u.s. is much less dependent on imports, in fact, we're exporters now of oil. 15 years ago we were importing

more, 20, 30 years ago we were hugely dependent for driving big cars. today we're simply much less dependent on it, thankfully. liz: and u.s. is a net exporter now. that makes a big difference. here's another thing that i want our ruers to see. we decided to take a look and see what gasoline, the average price of a gallon of gasoline was a year ago, and it's actually lower than it was a year ago. today $3.57 a gallon. again, this is the average. i know in california, hawaii and some other states it's a lot more. a year ago, $3.87. just a weeking ago, $3.66, so the trend is lore. does that surprise you? -- is lower. >> the crude prices going up on geopolitical risk, the fundamentals of the u.s. market haven't changed, so gasoline price is under pressure from plenty of supply. what's getting crushed is refining margins. this sort of geopolitical risk

on the crude side without the strength of gasoline demand driving it becomes a refining margin problem actually. liz: russia is an interesting piece of this puzzle. obviouslying russia is close with iran -- obviously, russia is close with iran. they have a very quiet relationship with the israelis, do you not? what do you think russia, which is the plus in opec+, does? >> i think they're watching closely thousand because it's clear lay -- now because it's clearly a separation. that's unfortunate. we've seen a lack of support for israel from russia and the perception they are more closely aligned with china and iran, so that's a problem. compared to the '67 and '73 crises, we've never seen a situation where you've got conflagration in the middle east and in russia and ukraine. so arguably, depending on how you view the middle eastern situation, we've got more barrels at risk here because of russia being involved as well than we've had in history. liz: half of one-half of an eye,

certainly, on china at the moment, a big consumer of oil. china 's probably eyeing taiwan at the moment. we'll keep an eye on that. let's get to equities, scott -- >> i give you one point? china spent more money on importing semiconductors than oil last year. exactly. that's what's going op over this. liz: the administration shutting that down, and by the way, let me quickly check nvidia which is down once again by 4.5% after getting clocked yesterday on news that the administration was going to limit or at least shut down any export of u.s. chips that are certainly the high-end ones to china. >> and that was a problem9 with the equity markets because nvidia was the leader, the leader of risk. and and on monday it lost a lot of momentum. so it's making this earnings season that much more important. so with netflix coming out after the close and tesla and the markets on shaky ground with oil skyrocketing, they want to see some good earnings, you know? or or at least solid or fine. i think they want just fine

earnings for netflix considering it's down 12% for the month. there's not a lot priced into this earnings season, so traders are going to be looking at the reaction to netflix if. if we actually rally a little bit on a decent report, because the banks looked decent, and they sold. morgan stanley's at a 2023 low, bank of america, multiyear low, you just said the airlines -- liz: 52-week lows. >> yeah, yeah. the market's kind of broken, so with leaders coming out with earnings, i would say traders want to see a better reaction post-print to a netflix tomorrow. liz: okay. that said, we've got to switch from, certainly, equities at the moment is and, by the way, the dow just hit a fresh low, loss of about 313 points. last i checked, but this is not a pretty picture. i've got to talk about treasuries at the moment. if we look at what treasuries are doing, this is not a traditional flight to quality as all. the yield on the 10-year has topped 4.9% for the first time in 16 years.

this it is, 4.904. looking at the 2-year, earlier i saw it at a 17-year high, i believe it is still pretty much right there, 4.21%. and, again, the 30-year yield -- [laughter] 5 -- 4.99%. >> this is what the fed wanted. they needed yields higher to slow down the economy because inflation's too high. so they're kind of getting what they want, and equities haven't been as pressured, so we're in this push-pull right now which it seems like there's a lot of smoke and mirrors where the house of cards is getting close to shaking. liz: paul, before we leave, people look sometimes at the u.s. dollar as a flight to quality. right now it's gold, hitting a 1-month high, and it is above $1900 per troy ounce. the u.s. dollar is an interesting play at the moment. it's weaker today, hence, oil -- is that correct? [laughter] this is a moving target. >> it is a moving target. liz: here we go. gold is up $27 right now to

$1963. >> if you look at the treasuries over a 30-year period, i was talking about '67, '73 oil prices, we have a long way higher to go on the treasury. but we talk talked about the u.s. changing to an exporter, and and that's broken the clear inverse relationship we used to have between oil and the dollar. so those days, the dollar would go down. liz: it's great to have you both, paul and scott. thank you. let's check in back, as i promised, with those protests on capitol hill. arrests have now been made in the rotunda of the cannon house building as protesters call for a ceasefire. they are chanting, "free palestine," "preach" and, quote ceasefire now. i know some of you are i seeing the head coverings that a traditionally jewish orthodox wear. it is a pro-gaza rally by a jewish group.

some of the t-shirts say jews for ceasefire and not in our name. again, let's be clear, not a pro-hamas rally, a pro-civilian palestinian rally. we'll keep an eye on this protest throughout the hour. let's make a hard right turn here. [laughter] it is the not your father's blackberry. the once dominant enterprise smartphone company taking a momentous step to complete its metamorphosis. it is about to fully shed its entire cocoon by spinning off parts of the company. blackberry ceo john chen is here live to tell us about all of it and and how blackberry plans to fly again. and at&t reports earnings before or the bell tomorrow. right now it's falling about two-thirds of a percent followed by at&t down 1.5%. alphabet and t-mobile, obviously, the hard phone makers, down as well as verizon. ♪ ♪

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ask your rheumatologist about cosentyx. liz: it's just a question, has artificial intelligence kind of lost its power as an instant stock popper? blackberry just unveiled an a a.i. cybersecurity assistant that will provide threat analysis, support and data protection and help reduce search times. the stock kind of hitting session lows here, down about 5.25%. the tech and cybersecurity software services company announced earlier this month it will spin off its internet of things and cybersecurity units into two independently-run entities. the plan? to ipo those companies in the first half of 2024. joining me now in a fox business exclusive live from the new york stock exchange where he is about to ring the closing bell is blackberry ceo john chen. john, let me start with spinning off the two businesses first.

>> okay. liz: what is that going to do for blackberry, and what is left when it comes to the skeletal structure of the company? >> okay. so we have two businesses today. we have a cybersecurity business, and we have an iop business. some ip the iot business because it's the very much focused on awe auto industry, medical industry, industrial i industry, so we will run it separately. however, blackberry's parent is going to own a major percentage of that company. liz: i see. and what is the sense that you're getting whether it's from the market or from institutional investors, the interest in either one or both of these expected to be spun- off companies? >> yeah. the investor, the institutional investor likes the idea. they like, you know, it's always known that a pure play company

has a little better multiples, and because that particular company once it spins off or once it's pratted, it's making money and generating cash. so it's something that a lot of people are interested in that aspect. so that's's what we're getting the sense from. liz: why is blackberry's internet of things, why is it going to be prosperous in the future? give us some context of what is out there, how it is better than what might be offered by other companies at the moment? >> we are, we have the highest level of safety certifications under -- a bunch of names. so we have the highest safety certification, and we are very dominant in the automobile industry. and we try to expand to other industries, like other vertical, like medical and industrial i just talk about. the whole a.i. move that the

chips that are getting more powerful, the automotive company are embedding in at -- into a single chip, and it needs our software to to protect any intrusion or fault created within the chip. so we feel very good about the future. liz: let's talk about the a.i. chat assistant. juice it up. the markets at the moment, listen, it's a tough day. almost everything, this is a broad-base selloff at a the moment. dow is down 262 and we've got the s&p and the nasdaq also swooning. i don't want to ignore the russell 2000, small and mid caps down two percentage points at the moment. but let's put that aside and just figure that you have a great story to tell. you've got an audience. tell the it. tell it. >> well, you know, the business, as i said, we have two businesses. the cyber business, obviously, our market continues to grow. we need to do, we need to make money out of that business because it's been challenging in

the past year, two years. but the iot business, which we're separating, it's already making money, generating positive cash flow and has a really big backlog. and we have 235 million cars that's actually using our software today which runs on the road. and as i said, the the extension beyond that will be the chips that if the more complex, more powerful the chip set, the better off we are because they will need our software to scale and to protect. so that's number one. number two is other verticals like the medical and verticals as well as the industrial verticals, the second one. and then we have a joint development with amazon on aws to create a service that brings data securely between the edge and the cloud -- liz: got it. >> edge is on my side and aws provide the can cloud.

so we have a -- the cloud. so we have a lot of motion in play that will grow the company. liz: well, i'm looking right now, $2 billion market cap. it's an important name that has been out there for a long -- and, by the way, for our viewers, year to date the stock is actually in the green by 8%. john, good to see you. thank you so much. >> thank you, liz. liz: investors in one shipping giant searching for the exit ramp at this hour. j. j.b. hunt warns its sector is trucking along in the slow lane. we're going to get you the details straight ahead. and 2024 presidential hopeful chris christie is joining us here in studio in just a moment. we're going to ask him how he thinks the biden administration is handling its response to the war in israel, iran's threats, the embargo and what's wrong with the republican house that can't seem to elect a speaker. we're coming right back. ♪o fa ♪ step inside? ♪ discover the magnolia home james hardie collection.

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or on the transports which i show showed you at the top of the show said profits dropped more than 30% for the quarter. why? freight sector deals with slowing demand. morgan stanley cutting the price target from $or 169 to 165. it's at 181 right now. susquehanna is cutting the price target from $190 down to 175. let's look at procter & gamble. you want to see some green on the screen? cleaning up about 2.7% higher after beating fiscal first quarter earnings estimates. the maker of tide detergent and much more said as consumers are absorbing higher prices, sales volume will increase the rest of the year. as people buy things they need, not necessarily what they want. chip equipment firm asml reporting third quarter profits that were lower than the previous quarter, down 4.7% for the stock at the moment. the earnings did, however, beat

analyst estimates. the company forecasts though flattening sales for 2024 as the u.s. places new restrictions on semiconductor exports to china. that's what's hitting the entire semi index at the moment as we already showed you. certainly nvidia, second day straight of big losses. house of representatives still looking for a speaker after jim jordan's second vote now today comes up short again. he's vowing to fight on, but the house gop's civil war freezing the entire legislative process and hurting the republican brand ahead of a presidential election. one of those people hoping to win the top gop nomination is with us here live in studio. former new jersey governor chris christie here to tell us how he would advise the republicans to get their house in order and his thoughts on iran and the increase in saber rattling right now in the middle east. that and and more straight ahead. and who in their right mind says or, you know what?

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liz: fox business alert, we have breaking news on capitol hill. a lot of action on multiple fronts here. so we've got several cameras covering all of it. first, inside, this is what you're looking at at the moment, the protest inside the cannon rotunda on capitol hill started in about the last 45 minutes. the jewish group that is protesting is calling for a ceasefire. many in support of the palestinian people. and then if you take it outside, u.s. capitol police are have arrested some demonstrators with many others so far being peacefully ushered outside. we're keeping a very close eye on this knowing what had happened just a couple years ago on january 6th. all of this happening as the house continues its scramble to find a new speaker. in his second attempt for the position, republican congressman

jim jordan of ohio came just shy of the minimum 217 votes he needed to win speaker. and this time around he got even fewer e slows than yesterday with just 199 congressmen voting in his favor in the last hour. let's get some thoughts on the entire situation including the middle east from 2024 republican presidential candidate and former new jersey governor chris christie. first, what's going on at the capitol from a political standpoint. nothing can be done, no bills, no legislation can be done until there is a speaker. what is going on with your republican party in. >> we look like the gang who can't shoot straight, liz. i mean, that's just the sad but simple fact. when you think about what is on congress' agenda right now, aid to israel who's in the middle of being attacked by a terrorist organization, over 1400 of its people being killed, ukraine in a war for its existence with russia w taiwan being threatened on aing regular basis by

aggressive moves by china, our southern border being incredibly porous and threatening our own national security and a budget that needs to get done by november 17th, none of those things can be dealt with. here's my suggestion, pick someone, anyone. just pick a republican, get it done and get the work done. liz: they can't. they've tried, obviously. steve scalise, they threw out mccarthy. they ousted him. and now jim jordan, two votes. what would you advise jim jordan to do -- >> i think it's time to step aside. i mean, look, if you lose votes on the second e ballot over the first one, which he did, he lost two more people than he had lost in the first balloting, you're not going to get there. he needs,es of the 22 people who voted no on him, he needs to get 19 of those back. to be able to get the speakership, it's not going to happen. and and so i think that they've got to look for a compromise,

maybe it's patrick mchenry who's the speaker pro tem right now who will do it on a temporary basis to get through all this work that needs to get done and then they get back to it. but they're essentially holding one house of the congress hostage because they can't get along with each other. liz: at a time when, as you outlined, there are so many hot spots around the world at this moment and not the least of which is something that many republicans have been focused on for quite some time, iran, calling for an oil embargo on israel. iran funding hamas and hezbollah. hamas, the same organization that snuck into israel 12 days ago and murdered 250 people at a festival, civilians, and then 1300 total in israel and, of course, israel defends itself and sudden arely israel -- suddenly israel is hung out by so many saying that they're the ones, because they responded to protect themselves. how do you think the biden administration is handling it? because, let me just stop you

before you pounce on them, i hear a lot of israelis saying they're actually appreciative of biden saying we have israel's back. >> i was going to say, i give the president compliment for the way he's handled it in two ways. i think all of his comments since 12 days ago have been good. i think they've been right. they've shown there's no daylight between israel and the united states. the world needs to see that and hear it. secondly, i think him going to israel was a good with move. i think the physical presence of the american president, you see him here on the camera, is important. let's remember, liz, back to 9/11. one of the most memorable moments post-9/11 for me was when tony blair, the prime minister of great britain, came and sat in the gallery of congress for george w. bush's speech. his physical if presence to come and say we're your number one ally, we have your back, we're with you, that was a really important moment. and it certainly struck me at the time as a brand new u.s. attorney. and i could tell you that i think joe biden going there was the smart thing and the right

thing both politically and morally for him to do. liz: you're second behind donald trump in new hampshire. let's just fast forward and say you became the nominee for the gop. how would you handle iran right now? because there are some who say there is a bit of daylight squeezing in between president biden's strong support of israel but also what they just did several days ago which was unfreeze $6 billion. now they've supposedly frozen it up again for iran. >> look, joe biden's wrongheaded on iran. the fact is the only way that iran is going to respond is through us making sure that we isolate them. we have to work with the other arab countries in the middle east to isolate iran. iran's a threat to them too. and they know it. and the american president has to be mart about playing all -- smart about playing all the angles on this. but the goal has to be to isolate iran. they are a theocratic regime

that wants to eliminate israel off the map, that hates the united states and says, chants death to america all the time and is the biggest funder or of terror activity in the entire world. so we need to ice -- ice isolate them economically, diplomatically and make them understand, you act militarily, you're going to deal with the united states. liz: i would agree with you except they have their finger on the button of hezbollah up in lebanon, and lebanon has the, at least hezbollah has the precision missiles that are way better manufactured than what hamas has, and they are aimed right at a israel. >> they are. but we're not going to save israel by placating hezbollah and iran. iran's made it very clear, as has hezbollah and hamas, all they will be satisfied with, liz, is the exstink of israel. and so -- extinction of israel. what's kept israel safe is not only their own preparedness and investment in their own defense which has been primary, but also

the great support of the united states and making it clear to everybody, liz, in the world that a threat to israel's existence will not be tolerated by the united states of america. and one of the ways we need to do that is not by making nuclear deals with iran that are not in anyone's interests except the iranians', it is about pressure and isolation of this rogue regime. liz: i'm getting a wrap, but back here in the united states a rash of anti-semitism at universities across the nation -- and it is pretty stunning, it's everywhere. not just new jersey, new york, but stanford, california, all over the place. you as president, how would you get rid of that, tamp it down? >> the what the president has to do is speak clearly and directly about the anti'emtism that exists in this country and how unacceptable it is. we've got to start talking again to each other and listening to each other, liz, and we're not doing that. and, look, some of our leaders, as we've talked about, have not

done what they needed to do on this. donald trump's comments in charlottesville, you know, that many years ago now still are ringing in the ears of lots of people who believe -- liz: when the neo-nazis marched. >> -- right, he was giving a wink and a nod that at least those views were acceptable. i'm going to make it very clear, hatred toward anyone in this country based upon their religious beliefs, earth misty -- ethnicity, their race is unacceptable. dr. king was right, we should be judging people by the content of their character. liz: chris christie, thank you very much, governor. >> thanks for having me, liz. liz: you got it. we are coming right back with a preview of tesla and netflix earnings, and right now the dow, again, seeing more losses, sliding down a slope here. we are lower by 383 points. stay with us. tourists photographing thousands of miles of remote coral reefs. that can be analyzed by ai in real time.

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♪. liz: all right, let's just say you have never tweeted in your whole life but thinking of joining x, formerly known as twitter? do you think that would be worth paying a dollar every year? elon musk thinks so. owe announced a new policy verified users, let's them use key features on x, formerly known as twitter, including the

most important one, tweeting. it is an effort to crack down on bots. fox business's susan li joins me. i will pretend it is not an effort to make money because they have been losing money. talk about the new charge, which countries, whether it will even make a dent? >> reporter: first two test markets are the philippines and. this is mentioned for new users. many already signed up like me and you pay nothing unless you want to pay a monthly fee to get verified. they only get charged if the users want to post or repost on the platform. you can still read for free. this initiative is not making money for musk and x. it is about killing off the bot spam accounts. musk thinks there will be fewer bot accounts if they're forced to pay something even if it is negligible. remember when musk was trying to get out of twitter last year. he said spam accounts were higher than the stated 20%. x says this is not a bot

program. it will evaluate a potentially powerful measure to combat bots and spammers on x. existing users are not affected. musk hinted at this last month in a live stream with israeli prime minister benjamin netanyahu he was thinking of imposing a nominal monthly fee to kill off the spam bot accounts. musk thinks it is only way. it is not meant to be a big moneymaker and smaller accounts and smaller economies like philippines and new zealand that makes the country as perfect test market for some if it actually works. x needs to find revenue drivers somewhere since sales are down significantly, reuters says ads are down more than half, more than 50% in the past year. musk said ad revenue is down 60% and blames the anti-defamation league and exerted pressure. you heard from the ceo last

week. 90% of the top 100 advertisers are back on x, could, could even see a profit by early next year. might be optimistic, what do you think, liz? liz: yeah. listen we want everybody to succeed, it is a long and tall mountain to chime. susan li thank you so much. more news from elon musk's biggest company. analysts are looking for earnings 73 cents, that would be a drop of 30% year-over-year. netflix reporting on track to finish at the lowest level since may 17th. gerber kawasaki ceo, ross gerber joins me now. he has 400,000 tesla shares worth 40 million box. let's tackle tesla, what are you expecting and what is the issue elon needs to tackle most closely? >> cyber truck, 100%. it is the year of the cyber

truck. we don't expect anything exciting from earnings. quite frankly they have been sort of in this weird struggle to sell cars at lower prices. i think that is sort of baked into the stock. what we're really looking at is the future. the future is the cyber truck. getting a launch date is crucially important in my mind. hopefully he will announce that and it will be in the next 30 days and that would be a very positive development. liz: how quickly would we see addition to the bottom line from cyber truck sales? i know there is a massive waiting list. once they do start churning them off the assembly line, how will that affect earnings? >> well negatively in the short term because as you ramp production your costs exceed the money you're making on the vehicles even though they will sell the high-end vehicles first to the people who pay the most for them. so usually with tesla in the past they have had to get to well over 100,000 cars to be profitable. so we don't expect cyber truck

to be let's say profitable this year in 2024 but what it will do is help sell a lot of other teslas that are profitable because it is the best advertising for tesla in the world will be cyber trucks driving around the united states. liz: got to ask you about netflix. netflix, obviously has been absolutely the shining star when it comes to streamers at the moment. you know, when you see what they did with, for example, suits. they took an old broadcast legacy show and suddenly made it superhot. does that put them in the poll position to knock disney plus aside and really give the other names a much more difficult time? >> well disney plus actually has better shows on right now than netflix if you look at the movies and the shows they have on currently actually. so you know, i look at disney plus and hulu and netflix are the must-have apps and the other one are ones that people will buy and sell depending what shows are on. netflix is in a great position

because they were able to buy shows from hbo actually. they have done really well on netflix, like the "the pacific," for example. all of sudden on netflix, and see hbo shows. what is zaslav doing? does he need money selling his best shows off to netflix? you talk about "suits," so much content can be regurgitated or people haven't seen. netflix is in a really good spot compared to the rest of the companies with the sag strike. we expect the numbers to be very good at netflix because they're actually not spending money on production. liz: the markets overall, we have about a minute left here, ross. difficult times, events gee owe politically, that could leave things spread throughout the region this is a time investors should wait and watch with the dow down 118, s.m. down 5?

>> i was buying stocks all morning today. i was more bullish. economy is much stronger than people predicted. everyone expected we would be in a recession. earnings and i correct blow out numbers from lots of companies and lots of industries, especially consumer discretionary. we've been whacked over the head for two years by jerome powell. we are going strong. maybe we have no landing yet in the economy but that is actually good news. we've seen all the negative of haier rates but we haven't seen the positive of higher earnings. liz: everybody should strap themselves in. [closing bell ridges] liz: jay powell speaks tomorrow at the economic club much new york. we have michael pachter tomorrow to break down netflix earnings reports and. more. ♪ la