wednesday no one is exactly sure what the agenda is but if you were advising biden what should he press pre president xi economically. the there cheating, stealing we have to show toughness when it comes to china they are a menace and a bully to asia and i know trumpets stand nose to nose he's done it before i want to see toughness at a joe biden do you think he has it in him. >> i'm not sure but an election year coming up and i think his handlers are pushing them to do more than is done so far no doubt about it wars around the world no one seems to respect this in runaway spending. >> when your week and were weak economically and foreign policy, your provocative that's what brings the stuff up. charles: here is liz claman.

4.9% economic. he see the sucking of a flat line this is what team claman countdown calls the pre-cpi trade tomorrow we get the all-important monthly read on consumer inflation. after major weekly wins for the three majors not a surprise to see tentative trade. the nasdaq has been in the red most of the session while the others are popping up and down in the green. the nasdaq down 11 points, lower the session down 110, which come way back. the s&p this is interesting it is up-and-down up-and-down just under 1.0 jones industrials of 47 spit in the win column much of the day if not all of the day let's get to the heat map you want to see what happens when a company gets a 52 billion-dollar order, look at the top of the dow and boeing shares are our jumping 4.6% aerospace leader given the biggest lift to the

dow the stock is up after emirates airlines putting a fresh order for 95 but when jets the dubai-based carrier was a mix of 777 and 787 dreamliner planes. for boeing there really helping same with walt disney, caterpillar and salesforce. what you see with s&p look at the intraday chart you can see green red green red you could call it of the w will will gobye ones that are doing the best but none of them make the weight loss drugs that are so popular right now, this year as wegovy and ozempic make novo nordisk, skyrocketed, it's unbelievable how hyde novo nordisk can jump, the medical device is taking a beating because heart and diabetes are taking a weight loss drugs have shown improvements sir planting the need like stents and kidney dialysis. look on your screen kidney

dialysis leader davida is jumping 7% medical office supplier up to 5.5% above with boston scientific, dex, med tronic whole bunch of these names are powering higher it is a relief rally on the key findings on wegovy study released on saturday was not as devastating for the med tech sector as feared. while wegovy showed heart health benefits some of the findings were not statistically significant for all cardiac health issues. intuitive surgical, baxter moving higher and novo nordisk up about a quarter of 8%, the year to date chart of noto nordisk up 50%, let's get to the bigger market if you had to pick one week for the rest of the year to give power to investors the clearest street on consumer strength, this is it tomorrow in addition to the consumer inflation report october cpi and

home depot, wednesday it is a biggie we get monthly u.s. and china retail sales along with target, tjx quarterly report card and thursday walmart, macy's and gap reveal their numbers but will in a matter by friday night, i hate to remind you but we are five days away from the u.s. government running out of money as the friday night deadline before shutdown looms let's get to the floor show help you prepare for, j.p. morgan asset management global market strategist and kenny polcari slate stones uber trader jack let me start with you how concerned with what is right ahead of us on friday night? >> we've been here before unfortunately and not too long ago we were dealing with the government shutdown to a managed to avoid for a little bit it's not a good way to govern as we heard earlier it's not something that were rooting for but when you compare the impact of the government shutdown to what may come later either this year or early next year with regard to

breaching the debt ceiling this is small potatoes is not a good way to govern but for those individuals that are concerned about social security, medicare, those are still going to be coming through, no basic functions will still be in place is just another source of volatility and confusion that we have to deal with. >> i did not even bother putting our introduction which we call a one the big roundup of everything that's happened up until 2:59 p.m. eastern right ahead of the final hour of tr trade. over the weekend moody's downgraded the outlook of the u.s. credit picture. normally that was sent things into a tailspin but it's not. >> it's not because people honestly are getting used to the ridiculous, not steve forbes but he just had it right when he said remember the rating agencies were giving aaa ratings

to all of the bond product that created the great financial crisis up until the day before the crisis hit so a lot of people don't place a lot of credibility and what the rating agencies are moody's came on downgraded outlook and left the credit rating to aaa because threatening to downgrade if we don't make a move into a certain point they are correct they gotta get the government to do something but i don't think investors are taking the moody's downgrade as a big worry some of. liz: you could argue that the two things even if they are worrisome are short-term drugs or pops it really depends. this brings me where you put your money when there's? sangeeta for the market in addition to what's happening geopolitically in the middle east. >> i think if you're worried about the overall state of the economy and think about the dynamics to shape the yield curve at the moment this is a time that takes extremely high quality duration into a portfolio, the problem we've

been saying that for a long time and the sheer hasn't worked out recent changes have resulted in proof that you've gotten paid to weight as an intermediate duration high-quality bondholder you bought a five year treasury and up a little bit this year and you bought the agony are only down a little bit. we know the risk reward for fixed income the coupon cushion that you were getting your getting paid to wait out the volatility. if i had to put my money somewhere right now to weather the storm it's a high-quality intermediate duration project hands-down. >> what i'm thinking intermediate and think in 3 - 7 sweet spot five in the middle. liz: years? >> years we have to clarify summer yielding more than 5%. liz: i'm looking at the dow jones industrial 45, flat na nasdaq, are we right when we say this is pretty cpi that comes out tomorrow the expectation and

inflation year-over-year of 3.% of 3.7%, what is the trade inflation is slowly but surely coming on. >> today makes perfect sense based on what were waiting for tomorrow and thursday with the ppi report what's going to be interesting that is a significant decline in cpi month over month and will see what the ppi is i'm get a be interesting to see where all the prices are coming down i know the stuff that you and i need every day the stuff that we need to live on i don't see any price relief in any of the stuff while you go to the supermarket or cvs to buy stuff everyday living i don't see relief and not at all. it's going to be interesting to see how this happens if it continues to decline which i'm still suspect i don't think it to be the decline that they say it might be down a little bit

but not at the rate that they say it'll be interesting to see how the market reacts i think they'll welcome and suggest now that the fed is finished in the rate hikes are starting to work, give it more time, the fed does not need to hike anymore which doesn't mean they're going to cut it just doesn't mean they're going to hike anymore. liz: i was in the supermarket when did serial get to be $7 a box. >> exactly, when did that happen. liz: what the hell. pricing power has helped some companies with their earnings, how do you in and say i'm in on that stock. >> there's always two different ways you can play this and for all the money that we have to spend as consumers it's money into corporate coffers which is one of the things that helped to fuel a pretty solid earnings season so far. kenny makes a good point nobody

experiences inflation like the headline cpi number but at the end of the day that is the number that the fed is paying attention to and when we look at cpi tomorrow and broader inflationary pressure. so much of the disinflation from last year into the share is driven by energy, so much of the reflation driven by energy i would expect that this presumption of this inflation back to energy. liz: energy is down month to date you cannot believe and if you look at crude oil they may be up by one or 2% but my point when you look at the actual price of crude oil we are three weeks in arroyo of moves to the downside i believe that is correct three weeks of decline with opec's with the monthly market report in the united states at record output. >> it is unbelievable i agree and i'm glad to see oil is coming down that will help

transportation costs and all that stuff it is beneficial but i'm not buying into the argument where they say demand is waning whether the u.s. or in china and i don't see where demand is waning at all that's a little bit confusing to me but i fully expect the opec's going to come out as oil trades in the low 70s indicative reconsider the production cut, you know as well as i do they prefer to be $80 versus $70 will see what's happening, my happiest coming down i want to translate into the stuff that you and i need every day. liz: catalogs red berries for $6, i will not do it. >> did you see the communication director from the white house tell cnn the reason with people with two jobs and people struggling need for more years abiding because this policy need for more years to get to work to bring everything down my head blew off my shoulders. liz: like it is right now great

to have you both, thank you so much coming this friday is not just the government shutdown deadline is also in the window for the securities and exchange commission to approve bitcoin etf slammed it shut the mere idea that one could be approved has propelled bitcoin up more than 120% year to date, guess what is bringing along for the ride will bitcoin rising tide bitcoin billionaire capitalist believes the currency is going to rally the trigger $50000 what about solano and the rest and how close are we to the green light bitcoin etf he is standing there live exclusively next, tim was an early investor in crypto exchange coinbase, that stock up 157% year to date. tim draper, the venture capitalist next on "the claman countdown". ♪

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liz: no days off are crypto, this weekend and top $37500 the highest level in 18 months and the bulls enthusiasm is spilling over to all coins which are basically crypto other than bitcoin and ether, solano was one of them over the past month it has surged 164%, polygon is up 76%, cardona and polkadot a rocket higher have been boosted over 50%, dogecoin, remember she but you know that is up 34%, the fire under all of these, bitcoin

included is being fed by belief, i stress believe the fcc stamp of approval on the spot bitcoin etf might be days away, let's forget the wealthiest bitcoin billionaires who is taking big bets on many of these fox business exclusive draper associate founder and venture capitalist tim draper, the window for the fcc to greenlight one of the dozens of applications closes november 17, does the sec pass or punt. >> i think the fcc allows it to happen, i think that they realize that the u.s. is starting to fall behind in technological advancement in crypto and around bitcoin and i think we lost a lot of our innovation because of the dark cloud that has been the sec. i think now this is the time for the sec to say okay, we do need

etf's and we need a lot of advancements in regulatory behavior so entrepreneurs don't live with the dark cloud hanging over the heads and entrepreneurs can be really extraordinary things with the new technology that is going to transform banking and financing and also some industries, real estate and insurance under all being transformed in other countries but her sec has been so regulating by enforcement that is spreading fear throughout the land instead of spreading opportunity throughout the lien. 70 entrepreneurs have come to me and said we have this amazing thing redoing extraordinary we are creating a whole new industry everything is fantastic except in the u.s.

some of the fcc feels like it has to widows and orphans from making mistakes. i think t fec as all great leads do, the fec should trust people and set them free. where are they trying to control everything that messes with us. liz: friday is the deadline with the fcc has this opt-out or say were and we have all of the names not even all of them there are dozens of spot bitcoin etf applicant among them valkyrie, brock locke, grayscale, bitcoin trust wants to convert to have the trust but they want to convert wisdom tree a whole bunch of other names does one get it over another? >> i don't think so at this point but if they do i think

they are the ones in the first to apply. let it go, it is time i think we have a great opportunity here it is at least one of the many, many opportunities that have been created by bitcoin and am looking forward to etf's, bitcoin etf being a part of it. liz: you're not the only one a lot of people want to get on this and do it in a way if it's attached to a fidelity or perhaps i shares that makes them feel better let's quickly ask you about all coins, which ones do you use they have been lifted by the belief that there might be an approval on the spot bitcoin etf paving the way for some of them to be more accepted? >> i like the coins that are decentralized. the biggest problem that we got into with ftx was central around

one guy and you cannot do that. that is a whole point of bitcoin it is decentralized it's not run by the central bank, it's not run by a single government. >> silvanus is more centralized but getting there. those bank is more centralized, polygon is more decentralized, the first of the truly decentralized currency after bitcoin was tased those that was also decentralized. i think the centralized currency are the ones where were at the mercy of the founder and the whole point of decentralized currency it could not naturally inflate it could not be abused by the founding group or by a

political force. nobody knows that better than argentina and venezuela in nigeria where their currencies are not trusted or trustworthy. this is a big opportunity and i think etf's are nice good start but there is a long way to go we should be able to do air drops and all these other opportunities that are popping up because it's decentralized technology all of these investment opportunities in the ability to invest bitcoin into another company without having to render complicated tax system the idea of taxing and bitcoin

accompany that is wrong completely on bitcoin attacks and bitcoin all of these really need to happen to the u.s. because they're happening everywhere else. liz: tim friday is a big day we may be calling you sooner rather than later, thank you so much for joining us. >> one more thing nikki haley. your supporting nikki haley. >> we have to take her to the max she understands the free market and should create peace in our land through prosperity. we have a long way to go but you have to get nikki haley into the white house. liz: she is gaining traction and she did well according to the polls after both debates, we will be watching it, thank you tim. >> all three debates. that is right fox and fox business. >> she nailed them all. liz: exactly. good to see you. tim was the early investor in

tesla it is set to make the first cyber truck delivery at the end of the month, we heard that before but now it may be happening, the ev maker does have a specific cause for buyers one that is causing a lot of controversy, you find out about it next. we look at the ev makers have a great session, tesla for another present, lucida 4.7%, for scrap four and two thirds percent. ♪ ♪ be ready for any market with a liquid etf. get in and out with dia.

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liz: fox business alert the dow jones industrial increasing begin up 74 points, we have s&p up one, the nasdaq down 11. i told you the read on october inflation cpi 8:30 a.m. eastern tomorrow, it's not how the market opens is how it closes. you're in the right place. axon let's get individual names charging higher after announcing plans to be a leading producer of lithium for electric vehicles, the stock gaining 100% earlier this year that will copy purchased 120,000 acres of a geological site in southern arkansas that is rich in lithium the copy plans to produce battery grade lithium by 2027 aims to supply 1 million vehicles a year by 2030, we should call it an energy company now not just an oil company after years of delays, ev

company may truly finally be ready to roll the cyber trucks off the assembly lines and posting on x the list for attendees for the november 30 delivery of that of the futuristic looking truck has now been finalized i'm waiting for my invitation but what by the lottery from the mile-long date waitlist be aware tesla has added a controversial clause to the contract for truck buyers and the order agreement stipulate buyers cannot sell the cyber truck within the first year of ownership without giving tesla notice so tesla could be the first to buy it back, tesla invoking the clause to prevent owners from flipping the vehicle right away at a higher price. how democratic. separately e.g. said it will buy tesla ultrafast charging units to rollout the ev charging network all across to europe that's probably the biggest

reason the stock is up for another present, things keep were sitting for warner bros. discovery the stock lower after two brokerage lowered their price target on the stock macquarie dropped from $20 to 16 while td cowan cut its target from 19 down to $16 the stock is nowhere near the and $9.85, down about 3%. on wednesday of last week wpd was the last performer on the s&p after. >> streaming division announced it lost to a half-million streaming subscribers over the past six months. not nomadic monday for monday.com after the company beat analyst estimates for third-quarter revenue and i would call that a manic monday, 10% higher the project management software company also gave a rosy forecast for fourth-quarter revenue tel aviv based and founded in 2012 went public in 2021 raising $574 million in the ipo, when

you talk about startups and israel, israeli companies are still dealing with empty desks as their employees get called up to fight in the country's 38 -day-old war against terror group hamas, the ceo of insurance disrupt or eliminate is here live to tell us how his friends, family and employees back in israel are holding up after the deadly october 7 attack. and are we about to see a turning point in the anti-semitism that has been breaking out over the past several weeks on u.s. college campuses. we're going to head out to ucb university in new york city for a live report on how it's trying to help other schools protect their jewish students. the closing bell 28 minutes away were looking at the dow heat map and boeing is the big winner up for the half percent, nike is the logger down 1.6% on a big week for retail sales earnings. ♪

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liz: breaking news worth seeing this on the wire israel's defense ministry said that hamas has lost control of the gaza strip this as the idf moves to capture gaza city in an effort to free the 240 hostages nine of which are american new video from today shows israeli prime minister benjamin netanyahu meeting with idf troops on sunday he discussed a possible deal to free hostages taken by hamas but did not give any details, as we said in the last hour a hamas armed wing spokesperson told mediators it is ready to release up to 70 children and women held in gaza in exchange for a five day truths were aid would be allowed freely throughout the entire area. a lot going on back in the u.s.

even the biden administration is calling on universities to fight an alarming rise in anti-semitism and islamic phobia as top schools from harvard to columbia and penn pledged to fight anti-semitism on campuses but have done little to do so up until now, it is a smaller private universities that appear to be doing the most with one expediting the transfer of students if they feel threatened doctor schools, gerri willis is live at the private orthodox jewish university in new york city. >> that is right here at ucb university students are preparing for the march for israel in washington, d.c. they are expecting a very big crowd, 2500 students plus professors and alumni they will go down to washington on 44 buses, as you were just mentioning, the nation's largest jewish university is opening its doors to students who feel unsafe even

from the nation's most prestigious campuses they are fast tracking applications which are up 65% for the next semester half of those are transfer applications, listen. >> it is a safe space for discussing the israel conflict and i feel very supported as to all the students that i have many friends and relatives that are in college is that the country and they feel less safe. >> the president has formed a group of 100 colleges and universities a very diverse set some protestant and some catholic all standing behind the idea of protecting jewish students. he said forming taskforces as we seen the elite universities do that is not enough, listen. >> there are metrics in this can't be under a cloud it can't

be that a president is a task force and create a project and they say the problem has gone away. we need clarity on what is going on on campus that is measurable. berman finds the war a very personal experience he was in jerusalem on october 7 the day the hamas attacks and his son is serving in the idf, back to you. some schools are doing it right, others are not a props to syracuse university there was an incident in syracuse leadership, that is the problem with the president of the schools do not speak out, syracuse absolutely did and they are working to ameliorate not a good situation happen and props to syracuse that's why it's so upsetting and you see leon cooperman the billionaire on the show as you

know said i'm stopping all my money to columbia university because of the way that they have not handled anti-semitism. >> that and more we will see a big change and possibly what berman says having numbers and metrics that parents can look at and say this is a college protecting students in a college that is not that would be helpful. >> tank you very much i want to begin israeli entrepreneur and cofounder and ceo of a.i. powered insurance company lemonade that is skyrocketing when it comes to revenue it is been a success lately, daniel schreiber joins me in a fox business exclusive from tel aviv. you have a whole bunch of employees you heard jerry's report a huge protest in london that was pro-palestinian, nothing wrong with being pro-civilian on either side of this but what is your thought when you see them they desks lemonade because many of your employees are going to serve in

the idf. >> talk in the report that you have been covering including lemonade the and did a minute ago are deeply disturbing it really boggles the mind that the response to the worst atrocities since the holocaust, the worst atrocities since the holocaust is an outpouring of anti-semitism and in place of that liberal in the university campuses is really startling so i share your deep concern about the trends in recent days and weeks. thankfully within the walls of lemonade things are pretty great so it is true we have accord or of our employees based in israel and some have been summoned as have my own children but the business has proven incredibly resilient we are reliant in an

unusual degree in automation and a.i. in 98% of our policies are sold without human intervention 90% are handled initially without human intervention in the quarters of our stuff in israel in the quarter were improving themselves incredibly resilient, the performance of the business is a ray of light and sunshine because it's upward to the right across all of our key metrics. liz: let's talk about some of them revenue grew 60 under 55% the latest quarter, granite still small 114.5 million but you have unbelievable moves on so many levels your gross loss ratio and provide the 11 percentage points that will make shareholders happy it is a choppy picture for the stock i know the stock in many of these cases especially early in a company's life they are choppy, messy but how do you get the investor story out there that

this is for real, you're disrupting the insurance industry. >> i think the latest results announced last quarter have given investors a sense of confidence that the plan is coming together that the story were told with great conviction for some time how technology can lower loss ratios automation technology can drive down expenses is now visible across the key performance indicators, you see a large jump in revenue and a great decline not only loss ratio but are operating expenses declining 11% and when the top line shoots up you see beautiful things happening on gross profit climbed by 170%, the stock did respond about 40% since announcing those results i hope investors will see this play out because insurance beta business that is rooted in numbers lend itself to the

technological platform that we have which are meant this data advantage in the a.i. overlay on top of that in the a.i. native company has such promise and i think were seeing that promise play out. liz: the market watch we would be remiss if we did not mention this, they did a survey lemonade came out on top for best renters insurance you beat state farm, nationwide, some of allstate some of the biggest names it's definitely a stock story we love to look at and follow and we will be talking soon, thank you. >> thank you for having me, we're coming right back the dow jones industrial obscene points. i said how tentative trade for the s&p they've crossed the line more than 100 times today

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♪. liz: cries for university of pennsylvania board chair scott bach to step down over how poorly he handled the breakout of anti-semitism on campus have coming for weeks. now he is at the hot seat at the new york investment bank where he serves as ceo says charlie gasparino. >> greenhill capital, started by

the great robert greenhill, you remember him? one of the top deal-makers of all time. scott bach was the his long-time number two. he is now the ceo of greenhill company. something interesting happened late last week. when you issue earnings you issue a press release. greenhill is a public company. it is being bought by mizuho financial. it is being bought. you generally put out a press release. there was no press release. because mr. bach is somewhat controversial people are following his every move. what they found was this, i was sent the 10-q. greenhill lost for the quarter ending september 30th, $30 million. for the nine months of, first nine months of the year they lost like $50 million. they are bleeding internally. now this is fascinate inning this sense. he is clearly at war with mark rowan the ceo of apollo.

mark rowan is a wharton grad who says scott b-ek as chairman of the university of university of pennsylvania board of trustees did not do enough to quell anti-semitism on the campus, some student riots, rallies that came out in favor of the mutilation of children in, near gaza. that he blamed scott bok and liz mcgill, the president and the board chair, both of them for not doing enough. and rowan is clearly at war bok. liz: getting people to pull their money. >> getting people to pull the money from their endowment. this is the thing, he knows a lot of people on wall street, he knows a lot of people in need of investment banking business. i don't know this first-hand i can't imagine he is giving scott bok and greenhill rave reviews that is where you should go to do your investment banking business. my best is that the bleed that

greenhill is experiencing will probably get worse. he is literally annoyed i would say to use a different word, like 2/3 of wall street by not taking a stronger stand against anti-semitism on that campus. so not only is he possibly facing leaving the board, being ousted as board chair, who knows what will to on at greenhill. this guy, there is a lot of people that don't like him right now. to point out i wanted to hear his side of the story. i put calls into green i will had. i spoke with somebody who purports to be a pr person, he did not return my calls. i will always take his call. i will always give his side of the story but i am, i would like to know why business fell off that much to begin with. investment banking, it is a tough business right now. is it that bad? also here is something interesting and i would like to ask him this, is he worried about mizuho trying to back out of the deal? liz: well --

>> you can say -- liz: big corporations don't want controversy. >> they don't like controversy. you're losing money already. that is not a material adverse effect clause. just because you're losing money right now. liz: right. >> he could lose a lot more going forward with mizuho enact, press the button on the mac clause because they're getting maybe damaged goods going forward with him in charge. again i want to hear from mr. bok. i would like to hear his side of story. when he does call me you will get that side of the story. liz: good stuff, charlie. closing bell. we're four 1/2 minutes away. markets are still narrowly mixed. the tomorrow, the crucial read of october cpi coming out. s&p, last couple minutes, unchanged line, up and down all around 110 times. not a lot of movement now. the s&p is down about four points. we should look at the green back. the u.s. dollar hitting 2023

highs last month. we got it now weaker against the pound, the euro, slightly stronger against the yen ahead of that inflation report. the dollar index, the basket of currencies versus the dollar has declined to 105.60. after investors profit take after recent gains. we have somebody that helps companies manage their currency risk. he is the ceo of independent bod. are we seeing the couple before the global storm here? >> i absolutely feel we are. good to be back on your show, liz. thank you having me. the issue you're seeing this is factual, we've seen most economic policies kind of in line with increasing rate hikes and everybody in the world was doing it. now you're starting to see, and therefore you start getting a calming of the currencies. now what you're seeing is actually fed powell talking about maybe i'm still going to raise. let's see what it tells us.

the ecb is already saying look we'll have some cuts. when you see policies going whack internationally, low being a five, been as high as 13, another indicator that you're about to secure currencies impacting. what that means for the investors is all of sudden they could have less cash because the volatility will actually hurt them. liz: well, yeah. so it's a very delicate dance. who is managing currency risk this time around the best in your opinion? >> what is the best to do it this time around? make sure the balance sheet -- liz: which companies are managing best? >> i'm sorry. when you look at big names, microsoft does a very good job. amazon does a good job really understanding it and really understand where what their exposure is and where they're going with us. liz: look at nike, this is one day, because nike had a pretty decent year. nike is at the bottom of the s&p. how do they with such a big

global footprint handle the currency risk right now? >> it all depends on the leadership. in this case the ceo is not been a big fan. he feels long term this washes out. at long term at one point the yen was 400. i'm not sure where that argument goes. investors don't look long term. nike has not been, those are very surprising names, they are, they're willing to take more risk but more volatility in that. liz: especially for somebody like apple, a company like apple which does business in just about every country. so that's a full-time job for about 50 people i would imagine to do currency risk. >> yes. liz: is there a sector you really like right now? >> yeah. actually i've been looking, in general as you know we always like the tech sector but right now we feel the most undervalued tech sector is the biotechs. it is well oversold. if you look as an investor into the indexes of biotechs that has

been oversold. the rsi has been way overdone n there there are some diamonds in the rough. there are some companies there, veer or zai. in biotech they're also starting to level a.i. which is mass computing and they do that in two areas. one to stein therapeutics and drugs and deliver them faster. we lived that with covid. with a.i. you can go after more than one target at the same time, and with better development deliver them better. [closing bell rings] liz: wolfgang, thank you. we have celsius ceo tomorrow joining us in a exclusive interview after a choppy session. see you tomorrow