the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com charles: these are the sessions you watch, served easily a little bit. double top pulling back. a little profittaking but be careful, a couple smart folks on the show today saying you should be by younger. a lot of people sold at the wrong time, don't make the

mistake, we are on the cusp of a major breakout. thank you, appreciate you on my birthday. liz: how old are you? 30 through? get it? charles, happy birthday. we are going to start with breaking news as we start the final hour of trade. bad news is good news, the warring rally has legs because retail sales for october fell 0. one% month over month, the first decline since march with yet another indication the economy is slowing, investors banking on. of the federal reserve rate hike cycle, whether that will play out we don't know but look at the dow jones industrials gaining 198 points after yesterday's 489 point game. flipper to the s&p, this is the nasdaq, to accept correction

territory. it was on october 27th. the broader 27. the broader index marked a 10% fall for the high, tuesday's 84 point boost, we are 20 points away, that is it, from the exit signs. lucky level to watch, 4529, the s&p is at 4509. and the bulls continue to rip the cover off the nasdaq, looking at another 31 points from yesterday's 326 point homerun. nasdaq leader j d.com not the only chinese talk rally in on this breaking news from silicon valley after a public greeting between president biden and chinese president xi jinping, and woodside estates out of san francisco, two are right now holding in-depth bilateral talks in a meeting. later this afternoon president biden will host a welcome reception for the asia-pacific cooperation leaders but as

these two stand together, will they come together on a host of issues? to edward lawrence at the ready in california. what do we think comes out of a bilateral meeting going on between the two? >> more talking is going to come out of this. we are at a picturesque scene, a lot of feng shui in the area. there's a pledge the chinese to start a working group over climate cooperation, the goal, to reduce greenhouse gases in china and in the united states, this is a big topic here, the chinese dominate the manufacturing in that space in their country, the president talking about climate focusing on cooperation. >> president biden: i value our conversation because i think it is paramount to understand this

clearly, leader to leader, no misconceptions or miscommunication. we have to ensure competition does not veer into conflict to. >> reporter: this meeting is almost secondary for president xi who wants to make his pitch to american ceos at a dinner tonight. the message, china is open for business, chinese have seen new investment driven to where there -- other areas like vietnam and india. charles freeman says businesses need support also. >> need to government to promote us business around the world, is a positive thing. business at the end of the day, we employ business that lies under the indo pacific, hundreds of thousands, and we are responsible for an enormous part.

>> reporter: he things the biden administration should work closely with other industries and not see companies as an adversary. liz: a bunch of ceos met with him. we had cristiano armando, the big chipmakers. >> reporter: one of the pushes from the us chamber is the regulations to reduce the regulations these companies are dealing with specifically with export controls, import controls to and from the indo pacific to open up their business, not just in china but other countries that have seen a lot of growth. liz: a beautiful, luscious state with the swimming pool behind it. we will see if they jump in to cool themselves off after what could be heated talks. biden as xi attempt to

straighten out relations, there's one area the us is racing to wrestle out of china's firm grip, the rare earth's industry. according to reuters from 2018-2021, 74% of the rare earth elements used in the united states were imported from china because domestic production of these critical elements and minerals use everything from smart phones to ev batteries is way behind, but now one american businessman may be about to give america a big push. randall atkins just struck rare earth mineral gold. you won't believe this. look at the stock. month to date, popping 50%. important to note here, 2011-2012. he purchased a call mine in wyoming. he did it sight unseen, $2

million, the mine holds $37 billion of rare earth element treasure but due to government red tape out of the plan to extract it all? randall atkins, this is a treasure hunt, almost as if -- and anti-growth show. >> fête loves iron he. we found something valuable like this, frankly very interesting. not only the coal industry itself but it opens a lot of doors for other alternative uses. liz: you are call guy who served on the national coal council, 2011, you sweep in and say by this thing, the utilities, when did you realize it was chock-full of the very thing that's worth more than diamonds, emeralds, and rubies put together? >> my favorite is from

hamilton, good to have washington on your side. 11 by 2013, we realized it was going to be difficult to deploy capital for utility use. we began attending year odyssey of exploring alternative views that led us into partnership with the department of energy's national labs, the technology lab, asking samples from the call mine and later discovered seemingly had large deposits. we've been working hand in hand with them to develop this project. liz: you said it's great to have washington on your side but talking about this administration, going years back, not been on the side of minors or whatever it may be especially rare earth. the erroneous red tape involved in digging out and refining,

whatever we get out of the earth when it comes to where earth's, sent to china to refine and come back, that's extraordinarily expensive. what' s your plan to get china out of the supply-chain? >> you are correct, the coal mining industry has been under the gun, princely derived from concern about the use of coal as combustion fuel. we looked at fuel, one for combustion and another for the use of steel and this is the use of products. like rare earth but also synthetic graphite that you can derived from cold. liz: they are used for residents, magnetism, magnets need to be in every electronic

device, looking at them here, you were able to find three different kinds, diamond and paramecium. it is either latin or one hundred 18 elements on the periodic chart but 17 are rare earths. what is the opportunity you see here, back to the refining issue. >> finding the deposit which we managed to achieve. at is a large deposit that contains more valuable rare earth elements. the next steps are important to understand how to extract that, to process it, rare earth are measured in parts per million. the notion of being able to extract these from a million other pieces of material is fairly daunting. that's the path we are on.

the good news from the standpoint of the us, these are contained in unconventional material which is call and carbon and strata, as a result of not being in hard minerals like lithium where you crunch and crack and put caustic acids to refine these, we hope the results of testing will show we can use milder solvents and conventional techniques. and refine it. liz: china, this is just a fact, they don't care about polluting their own air and the air there people breathe so they are building up these refineries. you'd are telling us there is hope. cannot make a dent in what china is importing to us? >> we hope over time. this is a project we will take slowly. this is not something that will occur overnight.

over time, the amount of rare earth layered against the consumption in the united states is a positive factor that would encourage us to make change. liz: the stock is up 195%, we continue to watch this. thank you very much. atkins, ticker symbol matc. this is the week, big retailers reporter earnings, two of the nation's biggest just listed the quarterly results, one stock is skyrocketing. the other is slumping but both gave the same downbeat holiday forecast. what is going on here? if this chart tells you anything, investors are ignoring the bad part of the message. right now popping 7%.

for show traders next on what investors should want for christmas. "the claman countdown" coming back in a minute. ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned.

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liz: fox market alert, we are in the middle of an retail earnings downpour. a tale that we could call the haves and have nots. look at the disparity, target is spiking 17%, surging to its largest increase since 2019. here's what happened, they came in after several months of leaping in battle. brian cornell speaking to a

consumer during the conference call, multiyear lows as the big-box retailer forecasts eps between one dollar $0.90, and $2.80 versus estimates of $2.22. along for today's ride, nordstrom, bath and body works, pulse is up 9%. let's go to the have nots. tjx, that one is down 2.6% after warning this would fall short of estimates and the retailer with higher costs despite steady demand of bargain hunters. tomorrow, macy's, and gap, they clarify the true picture. what do these reveal about the

state of the consumer, the cio, jean goldman, both gave the same holiday outlook and it was anemic and was not pretty. most of the retail names, which side do you believe? >> we are optimistic about the markets, we are past the recession. now they are up 4% year over year, so we believe in the consumer and retailers. we are very optimistic right now. liz: wall street journal has an article today the earnings on wall street appear to be choppy for the current quarter and there isn't a lot of enthusiasm. >> we don't buy that. year over year profit margins

are improving, the s&p last 11:45. 2 or 12.4%. the other thing is valuations, ratios around 19 and change. third-quarter up 2.2% year over year, inflation coming down. that's great news. last time i was on your show in august, we were cautious. liz: if i'm trying to catch lightning in a bottle for the outline you have given us in a positive scenario do you go growth or heavy tech? >> load up on value and small-cap. small-cap with supercheap evaluations and it is coming back. liz: russell 2000 had a 92 deck again.

>> the sector is value, reassuring, manufacturing, financials, with regional banks and capital market, healthcare is supercheap and the new obesity drugs and value. liz: what could derail this situation? >> the fed, markets saying the fed won't raise rates, good news is good news, retail sales came with expectations and what could derail worries me is on the fed, of voting member beginning in january, on until june when she has mandatory retirement. one of the most hawkish members of the fed.

liz: we showed the fed funds futures for the december meeting which is in a couple weeks, 100% pause, the market is also for january a 100% pause. mary daly came out today. mary daly of the fed also said that she said don't look at the end game necessarily for the rate hike cycle. she was, quote, very very encouraged by the recent cooler data. consumer inflation missed, pretty interesting, retail sales turning negative. >> this is the fed's base case. liz: i don't remember. the feds said no session and two rate cuts. liz: let's talk the sectors that could very well be winners not necessarily for great reasons and talk about defense when israel is deep into gaza

city and very much in control of greater part of this in the united states is supporting is really ukraine as well. >> our thoughts go to the people of gaza, from an investment standpoint why do you like industrials, defense spending the us gdp or canadian gdp and the euro zone, think of the back log of the backlog, the airshow came out a couple days ago, defense spending. liz: the commercial airline chief, china airlines in a huge order for boeing jets. thank you very much. dean goldman, so much

uncertainty especially overseas could call for more downside protection from your portfolio. we have the perfect 5 for that. let's bring in the head investment strategy, i always want a little downside protection and how do you do that? >> a couple ways to do it, we specialize in etfs, a huge category in the etf market and these strategies are all about built in risk management so you have a buffer on the outside against losses, this is the 50% power buffer etf over of a 1-year outcome period, this provides a 50% buffer against losses on the s&p, and simultaneously providing upside exposure to the first 15% upside. really just a great way to keep

clients invested without going out to cash. liz: what was just showed with a portfolio. >> we construct strategies, strategies that have been around, to the etf rapper and the technology to illuminate a lot of the drawbacks of traditional structured products so you have the liquidity to trade in and out, significantly lower costs. it's an option bake strategy, able to provide payoffs investors need right now given the uncertainty we are seeing. liz: especially considering some people don't have time to study how to trade options. these are etfs that put it in the basket.

good to see you, we will put up the tickers of these etfs that have defined protection on facebook.com/lose claman site. when you hear that filings are out listen up. 13 filings reveal how wall street's biggest investors invested and bought and sold during the quarter. one in particular showed that activist investor built a stake in disney and it is not nelson peltz and his triumph. find out who is building stock in the mouse house. disney is topping the dow 30 movers, 3.5%. dow jones industrials continuing to climb up 180 points, back in a second.

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you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. liz: fox business alert, day 2 of the rally. interesting moves because we got worse economic data but markets are interpreting that as an opportunity to be leave because it is not for sure that the federal reserve will look at read here it -- weaker

retail data today, ppi came out, manufacturing data and say it's we can enough the fed is done hiking interest rates. the dow is up 207 points, the s&p by 12, the nasdaq jumping 20 one points. individual name still we showed you the investor of value act capital soaking up shares in walt disney. according to sources, disney's theme parks and consumer products businesses alone are worth $80 a share. compare that to where disney is now, $93.34. investors began buying shares of the mouse house during the summer and the writers guild and sag actors strikes, one of the firm's largest shareholders now. the group had dialogue with disney's management according to sources familiar with the matter, this is the second activist investor group in the

themepark company after nelson peltz's triumph on management signals it would be pushing multiple proceeds after deciding not to engage in a proxy fighter earlier this year. anyone who thought nelson peltz is walking away, he's not. he is not. let's get to another activists investor, daniel loeb expanded the portfolio among the top stocks required in the past quarter, 1 million shares of meta. that represent 5% of the portfolio and 4.75 million shares of u.s. steel corporation. it was 2.3%. the group sold off 13 positions including ali baba and nvidia. profittaking for nvidia which yesterday closed, meta up down one% and look at the banks here citigroup and wells fargo moving higher by 2% or more. citigroup will begin laying off its employees as part of its corporate overall plan.

affected workers will be informed starting today with more layoffs announced through early next week. in september, frazier announced 5 new divisions which directly to her report, resulting in the departure of a handful of senior executives. the news is not bunch better at wells fargo where the company plans to cut 40 to 50 jobs specifically in corporate and investment bank division and cutting the number of managing directors for cost cutting efforts. tech startup and darling wicks is on the rise after barclays upgraded the software company to overweight and raised its price target from $105 to 130. it is at $95.95. the investment bank means it's a i tools will help the committee grow. this is the company that was started in the middle of the

lockdowns and they've grown exponentially. the point of sale system clover, turning out to be the lucky four lever as small businesses embrace the technology. frank stepped out of his shareholder event, joining us next first on fox business with the insider information on what clover sales reveal about the state of small business, the consumer, and whether people are getting a little too extended with their credit cards and luck playing a role for this week's podcast guest, fox news*more correspondent benjamin hall has covered the most dangerous of conflicts from libya to airmac and the russian invasion of ukraine. it was there when covering ukraine's fight to push putin's military machines that paul and his crew were hit by three russian -- is photographer was

killed and luckily survived although he nearly died losing a leg, his other foot and his eye. that was last year but look at him today, literally today. how did he survive and thrive and what message does he have for you against fighting back against all odds no matter what the situation? paul shares his struggles during his ongoing recovery process. you've got to hear benjamin's story about his ground-level personal view of the war and his new album on life. my latest episode of everyone talks to liz podcast. it dropped yesterday. listen to amazon, apple, spotif a mac. somebody asked where i find it? everywhere. we are coming right back.

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liz: financials doing well today climbing 2.8% after the company announced it is adjusting 2024 earnings-per-share growth from 13 to 17%. analysts were expecting 14% on average so this new area, 17%, stock is up. stock is hovering around 5 year highs on higher-than-expected consumer spending and strong earnings report, 1.4 billion accounts on file and handles 12,000 transactions per second, student loan repayments starting up again, pulling up the stocks, maybe this invisible recession everyone is anticipating. joining us any fox business

exclusive, fresh from your shareholder meeting a couple hours ago. >> investor day follow-up in 2,020, go back and give the next 3 years guidance, recap what we committed to and don't know. liz: i don't assume our viewers know who frank visignano is but you worked on wall street and in the past, a financial company type of thing and pfizer is so forward thinking at you yourself were at the helm of making technological investments. tell me what you see because you were able to look through a precise window on where people are spending and how much they are spending. >> one thing in listening to you, the reality is a hundred

of the top one hundred banks in the us, most of the banks in the us are our client so although as you said, in those storied institution, they were born out of city in the 90s when i was there and i feel i had this great honor to serve the industry in a manner of that industry. the question on the consumer, i think they are out, at the beginning of october we were seeing similar patterns. there is a lot of concern about recession, statistically it already occurred. the holiday season coming up and the holiday season will

determine the tale of the tape but i think the economy shows resiliency. given the amount of rate hikes, debt is up. it is definitely up. liz: credit card debt is up and we are people you talk about how you handle 500 million credit card transactions per day, credit card debt is $1.8 trillion, that the record. 's that were recent to you? you get something from the greek transaction which is neither you have 30,000 feet. >> the view of 30,000 is change. a lot of emotional change too. you come out of pandemic, wife, something we have never seen before. people are more apt to spend. we save for a rainy day, don't

mean to put you in the same era. i don't know. we see savings, there are savings going on, but spending is occurring. in this country we you may want to do that. liz: your clover system for small businesses are the backbone of this nation. with the health of the small business? >> it is strong. we love small businesses. i said today ten years ago clover was 17 years and 3 path and today we have $272 billion of gross payment value added on an annualized basis. we see the explosion by software.

more than the payment system. it is an operating system small business owners and small business owners, used to say if someone ran a pizzeria they cared about marketing, from brooklyn but today a small business owner is savvy, smart, they know how to grow businesses, they think about marketing so i they are well run in a manner they weren't a few years ago and know how to drive revenue and attract clients. liz: the stock of 10% month to date, and up 40% year to date. it is been a very good couple of years the merger of first data. thank you so much.

space x ceo elon musk denying the rocketship company wants to spin off its satellite business bar link next year. what's the plan for the satellite subsidiary, charlie will break some news on this next, closing bell 13 minutes away and we continue to see gains, above 35,000 and we got the s&p at 45 oh 5, a gain of 10 points, nasdaq up 19, we are coming right back. wooo! tools that help protect. alerts that help check. one bank that puts you in control. chase. make more of what's yours. [ "i'll be seeing you" by the five satins ]

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♪. liz: houston, we may have a bit of a problem. bloomberg reports elon musk's spacex is in talks to spin off the high-speed internet satellite company starlink, ipo it as soon as 2024 but the billionaire said in a post on x, that report is false. okay. well, charlie? >> well we've addressed this in the past. he has talked about spinning this part of spacex off. remember, this is the satellite internet service. liz: yeah, yeah. >> it makes sense. there is a market for it and he needs the money. liz: unlock shareholder value. >> the question becomes one of semantics. i've seen this done a million

times before ma, merger acquisitions buyouts, talks. what are talks, discussions, what about thinking about it and it gets very sort of semantic. here is what we know. i talked with bankers who dealt with him in the past. there is probably nothing going on right now. liz: this second,. >> not this second. but, but internnally has spoken about this, the need to monetize a piece of spacex. he needs the money, x, formerly known as twitter is a cash consuming entity and you know doesn't want to sell all his tesla stock. liz: it is a shell what it was once worth. >> it was never worth much ever. liz: he bought i guess, if you count what he bought it for 44 billion. >> 44 billion more than its is worth. it was once a 75 billion-dollar enterprise but it was, it was, on a downward trajectory. it was north worth that much.

all i am saying even buys it with 44 billion, with his tesla stock, borrows some money, he needs money to keep it going. liz: starlink is worth something. >> it is. spacex, all of it is worth something. how do you monetize what he has? he doesn't want to sell anymore stock. you want to know why? tesla shareholders will go nuts. it is all about semantics. are there deal talks? i can tell you based on my sources you know, bloomberg has very good sources, they have a very high bar over there, by the way for putting stuff out. they just don't report things. they go through multiple checks. you disclose who your sources are to your editors. i think this is a semantics game. i think maybe there is not hard and fast discussions right now but he is clearly thinking about it, he is clearly talking about it, and i bet you he spit out somewhere along the lines, maybe

2024, towards the end of 2024 i will sell this because i was literally getting the same stuff whenever he with reported last i think about a month ago on this show. so here's the thing, remember, you know, if you cover m&a like i have for a long time there is something called talks, there is discussions, there are preliminary inquiries. i think we're at the notion of they're definitely thinking about this. liz: the one point you make he does need some money. just to service the debt on x is something like $1.2 billion. >> by the way they're looking to expand this thing. don't get me -- let's be real clear here. he has hired linda yak a reno from nbc universal. she has a team of people. they want to expand x. liz: you use it as much as you used to? i don't. >> i've been writing a book lately so i haven't been trolling, getting trolled and look on it. liz: every time i look on it, first tweet is from elon.

he is pushing his tweet to the top. but you have to dig through -- >> i look at it, you're a blank, you're a blank, you're a s. liz: somebody has got your number [laughter] you. >> know, you wonder, these are adults, do they work or just stay on twitter all day? liz: charlie, we're working so thank you very much. get to it. closing bell we're four minutes away. no market slump on this hump day. stocks are building on yesterday's stellar trading day. that is not a sure perla tiff. that it was unbelievable. dow on pace for the fourth up trading day in a row and s&p on its way to its second straight up day. as we reported earlier in the show it is a filing season for a big string of money names including warren buffett. the 13f filing where the big institutional and shareholders can file what they did the previous quarter shows that berkshire hathaway exited, sold

its stakes in general motors, trimmed the holdings in exxon, hp while the investment in apple remain unchanged. they are the largest individual investor of apple shares. as berkshire keeps its finger on the tech sector our "countdown" closer is picking it out as well. horizon ceo scott ladner has a name you feel is a real opportunity for investors. scott. >> hey, liz, thanks for having me. as far as the tech sector go it may not be the play into the end of year. you might want to get cute to the end of year, small caps at the end is the pain trade in the market. as we turn the calendar in 2024 tech is definitely the place you're going to want to be. this will be large gets larger type of trade, sort of like the internet productivity boom from 25 years ago, small players like amazon could really flourish. this a.i., quantum computing

boom over the next 24 months will be dominated by names everybody knows, googles, amazon, microsoft, those kind of things. the thing to stick with names everybody knows about, they're cash cows, and cash cows for a reason. liz: a.i. is certainly propelling the innovation cycle, scott. you're absolutely right. it has become the must-have place to actually spend and therein lies the opportunity for stocks to go higher. say for example, with artificial intelligence, a lot of companies totally unrelated to technology are piling in to spend money on a.i., so they can have chatbots to help their customers, they want to improve productivity on that. is that going to be the ultimate driverrer here? >> liz, you make an excellent point. the first order buy nvidia. there is not a whole lot of cuteness you can do there but the second order of trade, the trade that is really going to

have legs exactly what you justified which companies will take advantage of a.i. and productivity enhancing aspects of it to intigrate it in their business processes. figure out which companies do that well particularly health care and industrial sectors. which ones are doing well, which ones are doing poorly, that will be winners and losers baskets next couple years. that will be a large driver of returns on relative basis for the sector in 2024 and 2025. liz: we have 10 seconds. what is the sector you hate right now? >> staples, stay away from staples and financials. if financials can't work with high rates, low rates rising rates, what is the environment where financials work? we don't think there is one. liz: wow, he did that in 10 seconds. nice job, great to have you, scott ladner. here come the bells. [closing bell rings] we have day two of a pretty significant rally for dow, s&p, nasdaq. tomorrow democratic senator mark wa