hour. elizabeth: can i say hi to everybody there, tell them i said hi. >> liz claman wants to say hi to everybody. thank you very much charles and say hi to the gang. individual investors who would love to speak to fox market alert up to speed on headlines that are breaking simultaneously right now talks are rallying at a big way at the same time that bond yields are rising which is kind of strange usually stocks fall and bond yields rise as we kickoff the final hour of trade all three major embassies are moving northward spiking northward by more than one at a quarter percent while the tenure yelled is up three and half basis points normally rising yield in equities scattering let's take a look at what's behind the 530 sent.the dow,

verizon the big move for percent, nike, goldman sachs which is having a rough time last week is coming back, goldman up 3.8%, travelers looking good at minnesota mining and manufacturing up to the third%, mcdonald's, the dow component mickey d's reporting earnings not only did a blast past top and bottom line estimates it crushed year of your cops revenue jumped 14% to $6.69 billion. in the stock is getting mentioned so much it is trending on reddit which normally that is the meme stocks but right now mcdonald's up 2% off the session highs. flip it over to the s&p 500 this is a nice gain of wanted a third% of 54 points, the broader index coming off the worst two week decline of the year during which ended technical correction. the nasdaq also entered technical correction just like the s&p last week. the moment we got the composite

up by 151 points, i'm just taking some of the leaders here, charter, by the way communication services specifically are leading this tech rally overall charter is a pretty significantly up nearly 6%, adobe, amazon and netflix, president biden making news moments ago, officially announcing an executive order chocked full of new standards for a.i. safety and security. you look at end-of-life picture of the white house with the president is speaking about this, the many roles include guidance on content, authentication watermarking to label a.i. generated content and new rules to protect against using a.i. to create a biological nuclear synthesis that could result in weapons development. headlines out of the middle east, they have israeli forces entering the outskirts of gaza city in their mission to eliminate terrorist group hamas,

as the idf advance, they were able and the last 24 hours to rescue a female soldier who had been taken hostage on october 7 with hamas attacked and murdered 1300 is really important civilians as a business network check crude oil following an aftermarket this is pretty interesting we have it down 3.6% brent which is international benchmark down 2.7%, we have crude at $82.46 a barrel were looking at a jampacked week of three weeks on the u.s. labor picture jolts a job opening and labor turnover, adp on wednesday, jobless claims thursday and friday and the all-important october non- foreign payrolls report, we don't know what they're going to come out with a lot of? let's get you some answers for the super flow sure, goldman sachs elizabeth burton and interactive brokers chief strategist steve, great to have you both in studio.

elizabeth when you look at this? and what's going on in the middle east when you're talking to client you big institutional clients what are they saying to you. >> not to take away from the human element what's happening in the middle east but our clients which tend to be from the public pensions in the u.s. there mostly focused on what the rates picture look like particularly with the rates movements over the last couple weeks and i might've set a couple of weeks ago they were hesitant to get back into the market and adjuration back into the portfolio but at the tenure levels we see folks get back in adding duration back into the portfolio. elizabeth: finish this sentence when there are so many? , investors should do what? >> hold cash and wait for the right opportunities, i think cash is a safe place to be although we see the ten year treasury can compete with some of the money market rates that's

why we see some of the flows go back but i think today in the last couple of days have been a good place if you are so constructive on equities, evaluations are still high and when you see a pullback you should be letting back in because you see evaluations range bound next year. elizabeth: pullback next week with s&p at the two week move, right now everything is moving higher we should cycle through all of the bond yields except for the one and two month bills, the six-month, the one year, the seven-year, the three year, the 30 years about 5.05% are moving higher, the one month in the two month are the only ones moving lower here in equities are moving higher, what does it work during the session that we see the significant bounce. >> i think it is a relief and what i noticed this would be 16 out of the last 17 mondays that we've been up we were up 15 in a row until last week, with the

pattern has been nobody wants to hold equities into the reason a lot of obviousness a lot of geopolitics to be concerned about a lot of things don't turn out to be as bad as they were not that things are good but better than feared, equities tend to rally especially last week some of the stocks that had real market leaders took it on the chin and it's normal to see the dip mentality. elizabeth: look at the gain for the nasdaq 163 points. we know what is coming wednesday and that is the federal reserve announcement a two day meeting begins tomorrow the fed is going to pause, that is what the market is betting is that it for the rest of the year. >> we at goldman believe this is it we don't think there will be a change in rates this year end a cut in the back end of next year end i don't think the market for my clients, this is not the news of the day longer term concern is with the terminal rate in the and what

will be the go forward watching this holiday season will happen to the retailers, what do we see with the jobs market the job status important to the market i'm talking to. they're more worried about what the consumer is doing. as long as the keep spending we see the growth numbers. they continue to keep spending. we have gas behind us but i think our investors are thinking we are hoping that there's going to be a bond rally but what if not. elizabeth: so far they spent on tech if you think about the magnificent seven a couple of them reported next week and now we have apple coming out on thursday the magnificent seven doesn't remain the magnificent seven or does become whittled down to the fabulous five and who is on the outs. >> right now apple is the biggest stock in all the embassies that are market cap weighting a lot rides on apple. i'm starting to wonder if tesla is getting kicked out of the club on a day like today, when i came on air they were down $10

and everything else was up 3% or so, that is my concern what replaces some of the leaders that can be replacements, netflix has done well but so much riding on apple if people are buying their iphones and i know my credit card gets billed everybody for the various apple services that i use, if that can continue, the question becomes are they more of a utility or a growth stock and how is the market pricing. elizabeth: i've not heard apple called the utility, let's make it, about tesla it is down about $10 because it's key battery supplier panasonic announced it slowing production which makes people wonder there is a slowdown in ev adoption and maybe it's a blip or longe longer-term, tesla year today up 60% had been up more than 100% and year-over-year if you bought it a year ago, you were down is

down 9.9%, that speaks to the vicissitudes of some of these names but who would be when you're ready to deploy that cash for your institutional investors where are the areas that you think might jump out in front. >> i think this is why we need to realize this is not 2018, it's not 2019 you cannot buy the index and hope everything works out like it did for a decade or longer i think this is the case for active stockpicking in the case for diversifying your portfolio exposure, if we do enter into recessionary territory can look at small caps but for right now diversify in your equity book and out of the u.s. and if you dig about growth rates for eps some of the growth rates are as high as 90% or higher on average, that might be a good place to look but you also want to make sure that you're getting exposure to parts of the u.s. equities that may not be in the rally and their much cheaper, if you take out the magnificent seven multiples

are closer to 17 versus 2829 for those stocks. >> exactly don't overpay that's what warren buffett would say, the volatility is about down 7% but we know it starts showing a quicker heartbeat when the headlines at the tape out of the middle east, there have been 23 attacks on u.s. bases in iraq and around the region, it is worrisome, we have carriers in the region and were heading to the region. is there a way to make some money off the vic's? >> steadfast and say be a buyer of vic's that is the same to buy on vic's until we proven that we really had the turnaround of the equity market. today is a great day but it's not clear that this was the bottom i could be a bear market rally or correction market rally what you want to do is think about it this way vic's around

20 is about normal high teens is normal for vic's. we got spoiled by the 13 and 14 which is a combination of complacency and a lot of fun that of adoptive volatility selling, i think that starts to abate a little bit even though there are new funds that are continuing to sell volatility speed when the markets are roaring higher you picked a good day to be here the bulls are stampeding, thank you so much elizabeth and steve, president joe biden just laid out the new roles at the white house how companies should and must use artificial intelligence the man who wants to replace president biden wants to say about the new executive order, restraining a.i. and mega tax plus how he would protect americans over home and overseas former microsoft executive north dakota governor and gop presidential candidate doug burgum joins us here next. the robotics and artificial intelligence multisector chopped

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call unitedhealthcare... and ask for your free decision guide. or talk with a licensed insurance agent or producer about plan benefits, options, and rates. this type of plan lets you choose any doctor, any specialist, anywhere in the us who accepts medicare patients. so call unitedhealthcare for your free decision guide... and get help protecting yourself from those out-of-pocket costs medicare doesn't pay. oh, and happy birthday... or retirement... in advance. elizabeth: fox business alert moments ago behind inside the executive order for the development of practices of artificial intelligence the united states first a.i. executive order includes new safety and security standards consumer privacy contacts and for agency and procurement and

race and gender bias guidance, the move indicates the white house will be waiting around for companies to regulate them themselves, it's been 47 days since top tech ceos including tesla's elon musk meta mark zuckerberg and alphabet all flock to capitol hill to meet with lawmakers and say please regulate us and we should be regulated and have regulations and yet it appears none of the companies have issued were publicized self policing rules except palantir, i want to bring in the one candidate running for president who worked at microsoft the first company to make the multibillion-dollar investment in a.i. platform north dakota doug burgum joined microsoft in 2001. your tech company or software startup was more than a billion. >> that's right, i stayed there for seven years with microsoft global business solution and had people working for me all over the world, it was fantastic and

exciting time between 2,002,007. >> we like that you have experienced to talk about this, order in my hand, pretty wide ranging from new orders to develop standards to mitigate a.i. usage, it's pretty scary chemical weapons to protecting americans from a.i. enabled fraud by a watermarking and content authentication, do you think it strikes the right tone, the right mark and why wait around for the big companies they pay lip service they don't want to be regular. >> i think in some cases they actually do and the big companies of the ones that are leading and if they can shape the rules they can restrict competition, there has always been a close association between some of the large tech companies and the government and that influence the regulation and the key in the process that we do in

government certainly the biden administration has done this multiple times, they start regulating whether it's healthcare, u.s. oil and gas and they choke off the innovation, right now were in the cold war with china and a proxy wherewith iran, one of the way they were going to win as a country is our economy that's going to take off it happened there innovation and driving to the speed of a chip doubling and empower the a.i. that you see today is going to be dramatically different even 18 months from now and terms of the power and capability i don't have any belief that the government can issue an eight page document to keep up with the pace of technology are think it's important to have guidelines and safeguards and people do what is stopped and advancement of a.i. elizabeth: let me jump in there is an entire page of promoting innovation and competition and catalyzing a.i. research in the

united states, just to be fair they do have that in their, let's talk about regulation in real time with alphabet, google testifying in the u.s. antitrust trial at the trial that will determine whether google used anticompetitive practices to gain dominance in the search market by paying billions of dollars by the handset makers whether be apple or samsung or the android phones, where do you stand on this? >> i think it's great that the fellow government is taking a look at this whether it's amazon tilting their platform to their own products that might be listed there. or whether it's google trying to influence a powerful platform position with the device manufacturers, those things are things that need to be looked at. elizabeth: over the weekend governor, the big news mike

pence dropped out of the presidential race, he was plumbing the depths, you're not far from the bottom, is your name going to be the next headline where you exit the race, how long are you in it? >> where i lived in new hampshire as the voters in the early primary they get to decide who is on the ballot and it's not pundits it's not pollsters and it's not insiders that are driving the debate criteria it is actual voters and were getting a strong positive reception people on the ground are saying don't quit, stay in there we did have a business leader and someone who understands technology, we need someone who's proven that they can make that work in government to help us get it out the biden is that when because were going the wrong direction on economy, energy and national security you are one of those people that can lead us out of this. elizabeth: according to the

latest des moines register poll that they did with nbc media, you're sitting at 3% while former president donald trump holds the lead with 43%, ambassador nikki haley in second place tied with the santos, i was reading an interesting article where people were on the ground talking with iowa voters and there is something that resonated about you with them. they felt that you were less interested in the culture war stuff and more interested in running the country as a business and getting it back on its feet, how are you making the argument that gdp at 4.9% somehow stumbling? >> there are so many things that are wrong with the biden administration whether the out-of-control federal spending without a control federal debt, the inability with government services and deliver them at a lower cost, and the appeasement and weakness threatening our

prosperity international security and the open border. it's also affecting our economy. a hundred ways to improve this, we are making it happen in north dakota the highest gdp publican led state and the nation the highest workforce participation among the lowest unemployment in the state we know how to get the economy working because we understand how the economy energy, technology all interplay and improving our prosperity our national security. elizabeth: speaking of national security and international security, we can look live at any camera from govzilla we have set up in their alarming pictures overall we know the idf in the israeli defense forces of a fire happening right now in gaza, we know that the idf is it doing exactly what it said it would do and that is wipe out hamas after it invaded israel and burden 1500 israeli and

foreign civilians, here is the vice president said no way there will be no u.s. boots on the ground in israel, you said sending troops to israel is on the table, make your case. >> it needs to be americans died in october 7 attack and they have been taken hostage in october 7 attack and the use of special forces to rescue hostages is something that in the past and should be on the table, this weekend the republican jewish coalition with the first-hand live report of people in the horrific attacks of october 7, the blood is on hamas hand and had the right to defend itself there's nothing in international law to use civilians to protect and shooting rockets from which thomas does all the time, they

are concerned about humanitarian crisis in putting money into supporting the people and not building tunnels and fortification to attack israel. elizabeth: i could not agree more on all the money including our government that is sent to the territories to help them do that, it's gone right to terrorism because hamas is the government in that area. doug burgum thank you very much we hope to speak with you soon. >> lifting the sanctions on iran tens of billions of dollars going to the country that is a large sponsor of terrorism is atrocious and the oil is flowing to china again. he can't separate economy, energy and national security and biden has all wrong he is empowering our enemies at this point in time. elizabeth: governor so much to discuss, we will have you back. thank you. elizabeth: the last holdout and the united auto workers union strike has finally let go will tell you which automaker has finally struck a deal with the

union after seven weeks of hardcharging negotiations. the uaw wrestled concessions on ramping up hiring with ev battery plants and working to unionize ev makers. let's check the ev makers, down 9%, tesla in the red were already talking about that for playset, rivian and li auto and lucid are higher. we're coming right back afresh high for the dow of 583 points. stay with us

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elizabeth: this rally is interesting. big moves in stocks, the dawa 16 the s&p up 56 the nasdaq up 72. the bond yields for the most part are hardier and gold the big flight to quality gold is up a third% and comfortably above 2000, $2006 per ounce let's look at individual stock names, it's not on first to me it sitting on the very bottom of the nasdaq and s&p 500 and on track for the worst day since march of 2020 this is the auto chipmaker and it forecasts a week fourth-quarter siding softness in europe and a drop in demand just like we were talking about tvs due to high interest rates on simi getting clipped by 20%, 30 laid off 1360 employees this year alone. so far shares, the behavior

today is leaving investors scratching their heads fintech by 50% the midmorning dropped into the red you can see it on intraday then it punched higher then it went lower again. now it's up 1%. sophia reported a smaller than expected net interest income in the lending segment the company posted higher revenue as deposits in the online bank more than doubled from the end of last year to $15.7 billion, so far at. meta offers in europe a subscription plan to use facebook, and instagram, pay for and you don't have to look at the advertisement. the monthly plan works out to $10.58 for web users in a couple of months for android users, meta allows it to comply with eu rules after regulators threatened to curb the social media giants ability to personalize ads with users

without the consent. which we know is happening here. meta up 2.5%. the united auto workers strike against top detroit automakers is ended. it's over, the union has reached a tentative agreement with the last of the big three, that is general motors the union had erred clinched a deal with ford on wednesday and sealed in a deal with stellantis on saturday the contracts with the three automakers expired back on december 15, the tentative ideals still need to be individually ratified by the union's membership with those companies but the union got very big salary concessions al repaid concessions and a whole bunch of other issues. gm up a half 8% for this town is stellantis up a fraction. israeli tanks are pushing closer to gaza city as the groundwork expands, it is not business as usual in israel the startup nation struggles with the haze

of war, the billionaire founder, daniel belsky has been working on peace in the middle east for business for decades, he is up next to the fox business exclusive to tell us what he thinks about the complex impact on his goals, here's a look look at the israeli companies that trade in the u.s. checkpoint, cyber arc, mobilize, nice systems and tab of pharmaceuticals. it's a mixed picture. up five and half percent. we are coming right back.

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so sam can make smart ideas, a brilliant reality! chase for business. make more of what's yours. the one we are just getting the breaking news the national security council john kirby has told the white house press corps the in a phone call with benjamin netanyahu president biden got a commitment from the israeli prime minister to support the increase of aid flow into gaza as it is really forces continue in their search for the 239 hostages held in the vast underground network of tunnels. overnight israel begin new operations against armed palestinians in the west bank arresting additional 38 operatives. if you go back to what's happening in gaza israel has confirmed the forces freed private ori megidish a member of

the idf held hostage since october 7 when hamas militants entered israel and murdered 1300 is really civilians, the news comes hours after the terrorist group release videos of more than 230 hostages still trapped in gaza. israel is confirmed the 23-year-old, the german is a really woman the tattoo artist who was taken hostage on octobey was prorated around gaza, she has been killed by hamas, they found her body beheaded in the identify her through dna. during all of this brings up the question can there ever be peace, i want to bring in a man who's worked tirelessly for decades to promote peace for business for 30 years, daniel blavatsky behind kind snacks, his first major company way back

in the day was peace works bringing together israelis and palestinians. to build a business side-by-side as a mechanism to foster peace. >> the concept has been how to build business ventures with an alternative to destruction and the divorces of destruction and division one to divide us and to unite extremism to build together and bring light to the world rather than diminish one another, it's very hard in these times. elizabeth: i can only imagine for somebody like you, i've covered your efforts you are mexican-american jewish man in the son of holocaust survivors, you lived in israel for many years in israel is a startup nation, there's so much hope and prosperity there that it makes sense there were other arab

countries like qatar and the uae that have been interested in bahrain and mixing business relationships and diplomatic relationships of israel. that is at the base of the attacks by hamas they felt like they were left out of the conversation. >> hamas of the islamic republic that is repressing the people in iran known for 30 years the constant has been that they have been trying time and again, every time we have hope and an opening between israelis and the arab world to advance peace, the islamic republic regime has deployed its proxies with islamic jihad, hamas, hezbollah to derail the efforts. it's clear the peace deal was one of the things they were looking to derail. it's very clear and enormous

amount of palestinian friends of mine that i worked with for decades that are now in despair with all the israelis that are destroyed and impacted by this, the only ones that win our hamas and the destroyers with their trying to divide and destroy we need to unite build and bring light to the world that means your business ventures and one another and discover with a stake in the system by building consensus and momentum to a resolution that will fulfill the aspiration of all the people of the region and by standing up against here and for moderation. elizabeth: exactly, before you i am reminded who founded the company's car up in northern

israel, this is a company that warren buffett ended up buying ffor $2.7 billion this is an article from 2015 the said israeli billionaire steph warhammer creates arab workplaces in pursuit of peace treaty spent tens of billions of dollars of building industrial parks as providing a base for coexistence where air arab and businesses could set up and sell their wares whether soap or jewelry in different ethnic foods and then daniel birnbaum he's been out there employing palestinians, here's another article from 2019 where israelis and palestinians shared the ramadan, it was an interfaith event and they were all hugging each other, is that all over, is there no hope? >> it is not all over but certainly today everywhere during this time all of us become tribal and we want to

support our people and it's very important that we condemn terrorism and hatred and stand for justice for every human being that would turn this into an as versus them. it is to create islamic entire middle east and throw all of our nations and be part of the islamic all over the world that's not what the muslim nations what the overwhelming majority want to live that way and the majority of palestinians do not want to live that way and my palestinian staff and my colleague said had there been intellectuals a day before this they would not of gotten a plurality 30 or 40% they claim 20%, they clearly were deeply popular and right now the try not to derail the hopes of millions for a resolution and trying to divide us and turn us

against one another and try to advance their jihadist and empower the modern voices of the muslim world and coming out in hearing enough in the speaking up against here. they're not by the activists with the absolute solution. you basically are condemning the ground of this despair. elizabeth: keep at it. let's keep up. thank you so much, we appreciate. we are coming right back. stay wit yosh us. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors,

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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: holding on to gains of the dow at 538 points. well the crypto kingpin and one-time billionaire sam bankman-fried back on the witness stand today and this time he is getting cross-examined by prosecutors in what so far has been a fiery dressing down from a u.s. assistant attorney. his strategy to give vague answers apparently or overexplain to background information to respond to questioning. so much so judge kaplan repeatedly asked him to get to the point. will this strategy work on a jury and this is the big question, was this a mistake or the right thunk to put

sam bankman-fried on the stand? we'll ask seasoned trial lawyer mark kasowitz, with charlie gasparino. >> we have breaking news, butul? this kid looks like he is always over the place? >> look, hindsight is always 2020. it is a tough call, you look at the case developing against him you say this young man looks like he is in serious trouble. he appears to be a good salesman. he sold a lot of people on his business in a very short period of time. the reality is looking at it right now, he is doing poorly and he hasn't even been that great on direct but on cross he has been very, very poor. he's disregarding one of the cardinal truths about appearing in front of a jury which is answer the question. don't answer another question that you want to answer. answer the question that's being asked. do it directly and do it firmly. >> okay. >> and he is losing credibility

not only with the judge but i think with the jury. >> let's get to the breaking news. you're unveiling something very soon, you will break it here on "the claman countdown," what is it? >> well, myself and our law firm are going to be representing students and faculty at major universities in this country -- >> including cornell, right? >> including cornell. >> okay. >> who have failed to protect them as jews from the harrassment and from the discrimination and in some cases from physical attacks that have been brought on in the aftermath of october 7th. >> explain that a little bit. this couldn't have just happened overnight. this has been going on for a long time, right? it seems unfathomable for me to went to school in the 1980s, that anti-semitism is back on campus and you know, it just

seems so bizarre? how did we get here? >> it is a great question, charlie, the fact is anti-semitism has been back on campuses and very healthy for years and years and we were actually looking at bringing these cases before october 7th. there has been administrations of major universities have failed to curtail the virulent anti-semitism that has shown up you know in the palestinian cause, in this pro-hamas cause and in other causes. liz: which universities? can you name them? >> i'm not going to tell you, i will not identify all -- liz: you said maybe cornell, columbia? >> all the universities that we're going to be suing but i will tell you based on the reports that we are receiving from folks who are our clients, columbia, harvard, nyu. >> penn? >> cornell. liz: sanford?

>> cornell, penn, stanford. >> penn is a in a lot of trouble. >> my only point here is that at these supposedly elite universities, the administrations, the heads of the universities and the administrations have failed in their responsibilities to protect their college students. >> a jewish student, say there was a jewish student mixer on campus, you're saying that right now if that did occur, those students would be physically assaulted based on what you know? >> i'm not saying they would be physically assaulted in all circumstances but what i can tell you because we have had conversations with a number of students and faculty at a number of these universities, they are in fear of their safety and their lives. liz: you saw what happened with cooper union earlier last week. >> yes. liz: where students were chased by people carrying palestinian flags. this is in new york city for those of you who don't know. i believe there is video of it.

they were chased and they will holding the doors and they were being screamed at, threatened by these students. there are outright threats at cornell to the jewish cafeteria where they serve, you know -- >> kosher food. liz: kosher food. the fbi is now involved because those threats included death threats to any jewish student who showed up. >> liz at cooper union it wasn't just a question of these students being threatened by these pro-hamas demonstrators which is bad enough, but then they were being told about it administration, we can hide you in the attic or bring you out the backdoor. liz: anne frank, sure. >> are these students doing threatening or are these professional organizers? >> what we believe and what we are determining is that the groups of demonstrators includes students and then include others as well. >> so you're saying that major colleges are allowing outside

radical influencers to come on campus and threaten jewish students and the, these places like harvard and cornell are doing nothing to stop that? >> the universities would claim they're doing something to stop it but the reality of what we've seen is that at most there is equivocation when it comes to jews. when it comes to pro-hamas, pro-palestinian activists who are demonstrating, they're permitted to demonstrate at some universities and they're given security. when it comes to jewish students or faculty at those same universities they're told they can't demonstrate because it would be unsafe. liz: marc kasowitz, come back when you filed the suit. >> absolutely. liz: thank you so much, charlie. here we go, closing bell two minutes away, the dow and s&p on the pace to snap its three-day losing streak. nasdaq on its way to its second

positive day in a row. it is a big rally. but a wall street bigwig predicts it will drop as we head into the last couple months of the year. joining us international assets advisory ceo ed cofrancesco. he manages four billion in assets. that would be morgan stanley's mike wilson once again now saying he is bearish. he think it is 3900 by the end of the year on a day like this, where do you think the s&p ends? >> i don't want to argue with my esteemed colleague at morgan stanley. now could he be a little bit off on his timing? yeah. he could be a little bit premature but i think six months, nine months, a year from now, we look in retrospect even if he is a little bit premature, he is not wrong. liz: he is not wrong. is the fed wrong if they hold their fire for the next two meetings and we still get pretty hot inflation numbers? >> liz, i'm so worried, i'm so scared we'll relive the '70s which is a lot of decade.

what really scares me the vast majority of my peers in the industry, didn't live and work through the '70s. they don't remember what it is like to see an equity market flat for an entire decade. to see stagflation. this is what i think the real fear is. we wind up in a recession while still having high inflation. liz: you say buy walmart, tesla, mcdonald's. we got 15 seconds here. mcdonald's having a great day. did you know? >> you know, hey, thank you to president of mcdonald's for announcing after we were talking about it. i was on your show a month ago talking about mcdonald's. >> you sure were. >> part of our normal inflation/recession portfolio. [closing bell rings] liz: ed was right. thank you so very much. there is the bell. tomorrow roubini ceo, nouriel rue beano known as dr. doom. we'll get his prediction. larry: welcome t"k