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tv   The Claman Countdown  FOX Business  December 5, 2023 3:00pm-4:00pm EST

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complicated hasn't worked because as it turns out these titans, major, super hedge funds, now they have so much influence and so much power but also doing the same thing. check out the overlaps, the same stocks who own the same names, hedge funds are more crowded now than ever. instead of getting more complicated you always get a chance to cut to the chase. the industry itself when not being complicated has done some things that you follow along many times. the bottom line, they are overbought because of these hedge funds. they take advantage of it and make a lot of money. >> thank you, charles. as we kick off the final hour
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of trade. on the s&p 500 is down a tiny fraction. the blue chips are down 72 points. nasdaq has a 42 points at the moment. you would think stocks would be higher considering the odds of an interest rate cut are actually looking solid. look at the fed funds futures for march of next year. they show a 55.7% probability the federal reserve will shave a quarter of one% from the fed's interest rate which 5. 5%. that is because the fed's effort to wrestle inflation into submission just got a little help. the labor department released the so-called job openings and labor turnover in october, fell to a two year low, 8.7 million
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job openings, that's below the 9.3 million expected here and if you look at the fed who has been fretting that a site labor market might hinder inflation dropping back to its 2% target, looks like the labor market is loosening a bit. 10 year treasury yield spasmed in the number came to session lows, released at 10 am eastern, you see the drop at 10 a.m. am eastern, if the yield closes before 4.173%, that would go below the september closing mode. we are at 4.18%. the jolt is just a preview of the friday big jobs number for november. many investors hope that the cooling labor market means jay powell will temper his hawkish tone at the federal reserve meeting. in the wake of today's number investors in payroll stocks seem wary. we are looking at selling in shares of companies that help businesses with paying their employees, we are talking about
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things you know, a dp, paychex, workday has a big market and you can see that. when we look at the selloffs, it is anywhere from a fraction to 2. 5% but we have big movers and other parts of the market we need to tell you about. designer brands nose diving 33% after posting weaker than expected earnings. the biggest crime of all is not that they missed but investors cut guidance after demand for footwear contracted for the first time since the pandemic. the dow, procter & gamble, the consumer goods giant announcing it is going get to incur $2.5 billion of charges related to its buyback position of razormakers gillette and restructuring opposition in several markets. down 6%.
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png is voicing concerns that it will get worse more than it gets better. if you want to add field to the china fire, moody's cutting the credit outlook down to negative citing lower growth and property risks. the hang seng index tanking in today's session closing 2% and the shanghai markets clipped by 1.5%. isaac, of toymaker mgm joins us live. the goobers of the heart many first collectibles inside them, the sizzling demand for what is expected to be one of the most popular toys of the season, ngas, kylie jenner breathdoll. what appears to be from the jolt so far a cooling american labor market.
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one would think, markets would love a miss in the jolts, real indecisiveness in trading. >> maybe transitive works, took longer than the fed and everybody thought but what the thought process is, bad news has been good for the market, the reality is setting in, to see these rate cuts as much as the market wants to see things slow down, that this is the start of slowing down period that could take us into recession at least by the definition of recession. you combined today's number with what happened with gdp,
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the revised number, the forward number is 1.2%. it is friday, when we look at two things, that tells us the market is slowing down. neil: how do you trade something like that for the november jobs report, people understand that if you want to bring inflation down you need to call off the labor market, that is happening at the moment. where do you invest and what do you think is an opportunity in light of the number and what could be a soccer november jobs report? >> on the recession risk, you mention the softening labor market, the reality is once it starts softening it tends to trend and once you see an
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employment rise there is nothing between that 0. 5% increase at 1.9% in the unemployment rate and you see the labor market we can. i've said before and i will say again, bonds offer real value against a declining us economy and unemployment rate likely to rise. liz: we are showing the two year, 4. 56% but the shorter data treasuries are yielding more. do you go that route? >> you want to be longer on the yield curve because who knows where rates will be the next couple years. the long end, the 10 year treasury has fallen by quite a bit. i would recommend that you not hide cash like most people do, where the rates, one or 2 or 3 years from now versus longer-term rates that still exist out 5 to 10 years so we prefer investors move on the yield curve and not hide cash because the federal reserve
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will cut rates in the near term, but the question is longer-term where those rates end up. we go back to where we were or stay elevated. you want to lock in a little bit. larry: liz: you always find a case to put money in the stock market. where would you avoid, for example, those that are down right now not by a ton but they are supposed to rise in the rising rate environment. would you go in still? >> as a trade, with the magnificent seven stock, meta and microsoft, these are opportunistic times to get in for a short-term trade at the
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end of the year, overweight right now in cybersecure ready and especially cloud strike but you can take your pick. there's a lot of those but looking at one sector, as an investment it would be in cyber security because the threats are getting worse. these businesses from a pe ratio, overpriced at this point, they have so much room to grow. liz: wonderful to have you, down 68 points. it's not a huge move. the market appears to be waiting for the all-important friday jobs report. cpi for november, for october, november, how quickly the year ends, scott bauer, thank you so very much. keeping up with the kardashians got a lot busier and cheaper
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this holiday season as brats dollars collapse with model and businesswoman kylie jenner, all with inflation below $10. mga entertainment ceo telling us how just when parents need it most. he is cutting toy prices while others are raising them or keeping them the same. nga is not publicly traded but toymakers mattel and hasbro are moving lower. mattel is down 2. 5%. hasbro lower by 1.5%. hang with "the claman countdown". we are showing you the hottest toys for the holiday, the coolest prices, that is next. ♪ ♪
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liz: 20 days until christmas. the first night of hanukkah is around the corner, keeping in a holiday spending budget has become blood sport for americans this year desperate to beat inflation. they are getting help from mga entertainment, one of the largest toymakers in the world. the company behind brats dollars, little tykes and many verse, if you don't know what that is we are going to show you, this company is refusing to let inflation be the grinch that stole christmas. this season, mga is doubling its offerings of toys that are $10 or less, doubling the choices from 250, to 500 of them. and some of them are already the top toys kids once including the doll from mga's first ever celebrity partnership. with reality star kylie jenner, brats launched a mini collection in august, later
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limited-edition online to its classic sized brett dollars and 2 foot tall version as well. live from los angeles, isaac larry. i would suspect his that you are doing the two foot version because there was so much demand for the many and regular size. >> thank you for having me. when we saw inflation coming, we doubled down, they came with 500 toys below $10, the jelly doll, $10, lol styling head $8. little tykes crazy fastball, $5. this is the hottest toy right
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now on the market, $8. liz: the many verse is so hot, can you show us, we have some video and some of them are over your shoulder. how did this suddenly become one of the hottest toys? >> the nga has created a new version, basically collectible but has art and craft in it. it is for all ages. my mother who is 84 can't cook anymore. she cooked with these. all the way to 85. for example this is another hot toy on everybody's list, magic
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flyer, $50, now $30. liz: how do you do that? last time you were on the show you said you were going to be committed to bringing the cost of toys down as materials, the cost of some materials has come down it is not down all the way to pre-pandemic levels. how have you guys been able to pivot when supply-chain may have loosened but it is hard to double the number of toys at $10, from 250 choices to 500 as you say. >> we foresaw what was coming. toy business down 8% to 10% this year. we worked with wonderful vendors we have. being private we also reduce our own profits to make sure
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the kid will have a toy. the industry. liz: think about inflation and price sensitivity. people, wealthy or not, almost a psychological issue but why do you think the toy industry had such a rough 2023? >> good question. the lack of new innovation. when we saw this happening, a lot of large toy companies, ballooning the inventory they cut back on innovation, too much inventory, we went the other way and this is known in the industry, we go the other
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way and that is how we are willing to gain market share, especially kids in today's environment. liz: zagging is what you do. you could argue mattel, released with warner bros. discovery, the bar b-movie, there were some characters that gave a little dig toward you, your rival, there were some mean girl characters, the names of the brats dollars. what did you think of that? do you anticipate, you have an animation studio, would you start to do that with the dolls and toys you have, create live-action movies? any plan for that? >> reporter: what mattel did we take as a compliment. what they did.
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next year, pink is over. it's the year of brats and new things. that's what we have coming. in 2026, the 25th anniversary of brats. i can tell you everything that's coming, be ready for something major coming. to the screens near you. liz: you have a redheaded brats because i haven't. i would like a cameo role in whatever movie you are doing if it is live action. >> you don't even have to rehearse. liz: i will play the newscaster, april o'neil, in ninja turtles. >> happy hanukkah. liz: happy holidays to you, all our viewers and to kylie jenner, the doll. paging doctor ai. i see you at north well
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westchester hospital, how artificial intelligence is transforming the world of healthcare and saving lives. we will give you a live demonstration. i don't want you to missus that. as we bump into the commercial break look at healthcare stocks, we have so much more ahead including billionaire kenny langone, is he supporting nikki haley? we will ask him in the presidential race, much more up ahead. stay tuned. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay.
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liz: two of the biggest names in technology joining forces when it comes to artificial intelligence, meta and ibm, those two creating an industrywide coalition with companies dedicated to sharing ai advancements and tech calling at the ai alliance and the group will increase the number of open source ai models in order to share them with developers. all of this is proprietary and secret but they say let's share it. they are pushing for safety protocols while big tech companies make moves to advance ai and a safe and effective way, you could be getting some help from artificial intelligence at your next hospital visit. to lahren seminary at northern westchester hospital, i cannot wait to see what you are about
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to demo for us. >> this is some geewhiz stuff and it boggles the mind when you think about how technology is making us come fear. traditionally when you talk about ai being used in a hospital setting, it's prevalent in radiology and it is being used in the icu specifically to treat seizures. a traditional way to determine if someone is seizing is to hook up dozens of electrodes around their head, takes 30 or 45 minutes and you perform a test and you can wait as little as four hours but as many as 60 hours which is days, to get the results back. enter artificial intelligence and a device called sarah bell which a registered nurse will administer. a fifth grader can administer this test, that is how easy it is. it is simply a headband she put on the patient and each of
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these electrodes just turns, gel will come out and in seconds the data is taken to this little machine that looks like an iphone and it determines that this patient instantaneously is not seizing but if you were, it would look like this and you can see, sending a code red to the doctor, treat the seizure as it is happening, don't authorize all these other tests, physically move the patient and waste time and money in the process. this is how some neurologists and seizures are being treated but think of it this way. i was shocked to hear, i don't know about you but i sometimes get worried that ai is going to take my job. the doctors actually brought this system into this hospital, they say there's not enough of us, we don't have enough trained people to go around so let's say in radiology, a human being will look at 100 scans a day.
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if you can get ai to scan those edges the ai can take the most important scans to the top of the list, to say to the given radiologist look at these first to treat that patient whose in dire need first instead of going through all 100 scans so this is happening all around us but it started at the beginning of the year and you see it, it's not here but it is called a care box, doctor in a box, you go into a midi movie theater and it just scans your entire body just like that. don't get tested for this, don't get tested for this, come back, the human doctors are there for judgment and bedside manner which is very important. liz: this is a game changer. people suffering from seizures sometimes have to sleep over at the hospital at great cost. like you said, many hours, you have to be monitored. this would be amazing get. . glad it is coming to reality.
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>> glad you had that experience because i didn't know that. seizures are often violent. a doctor doesn't know what is happening and they may physically have to move them for all those tests and it could take up to 60 hours and this, in minutes. liz: it helps parents whose children are suffering from this, they get more immediate answers, great stuff, thank you so much. can't miss interview with billionaire cofounder of home depot can layingone minutes away. he's about to throw his considerable support behind gop presidential hopeful nikki haley. i will ask him which candidate if any he is ready to help. plus we get his take on interest rates. the possibility of a recession and we will mine them for generational investing wisdom. what would he advise younger investors do that he wishes he had done. there you see him.
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kenny langone coming up, whether it is creating home depot or just a tiny business, and it in your mind, there are so many sacrifices all business owners have made. this week's everyone talks to liz podcast yes decided she was going to quit her job in the oil industry and even convinced her husband to quit his job because she so believed in a concoction she had created in her kitchen that made her got issues magically disappear. allison ellsworth went from being on food stamps, having no air-conditioner in her car because she couldn't afford to fix hers and juggling three children while building her empire to create a soda with health benefits called poppy. it is now the number one soda on amazon. how did she do that? you got to hear it. apple, google, spotif a mat, it is everywhere wherever you listen to your podcasts.
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about an aarp medicare supplement plan. liz: former south carolina governor presidential hopeful nikki haley turning heads on wall street as she garners a down pouring of support from a well-known businessman client. a bunch of billionaires. americans for prosperity action, a network financed by charles koch officially endorsed haley in a bid to block trump from winning the 2024 gop nomination. the former president is in the lead. stan truckinmiller along with ken griffin and silicon valley vc tim draper in signaling support for haley.
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could can -- could can is langone be next? he joins me life amid reported plans to meet face-to-face with nikki haley. how is that for subtlety? i am not known for being subtle but can i ask you are you ready to make the announcement about nikki haley? >> just about ready. i had a nice meeting with her yesterday. she came through loud and clear, straight shooter, she recognized the challenge of the issues and she's got the determination to effectuate change in america which is desperately needed. we can't keep going the way we are. not as a nation. i say this regarding both parties. we've got to deal with entitlements, entitlements can't continue on the way they are. 71% of the federal budget. unless we address those we can't solve our budget paradox, just can't.
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can't get enough out of defense, education, transports, all these different things to make it up. they are only 30%. she's got her head screwed on good it is very forthright. i was very impressed with the candor of her answers. i am almost there. i've got a couple things i want to do but i am pretty certain i'm ready to jump on the bandwagon. i think she will get it done. liz: when you say i am about ready and a couple more things i need to do, what do you mean by that? >> i want to be respectful of other candidates and not have them be surprised by what i am doing. i would like very much for certainly ron desantis to understand that i am sorry, his numbers aren't moving. we have to have a winner.
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we need to win this election. it is a simple hard-nosed business decision. we have a better chance of winning the white house with nikki haley than anybody else, plus -- i like her programs. liz: you've got to tell the 60% of republicans or even more who right now today would vote for donald trump. do the numbers work? you know how this operates. >> go back to 2016. back then about this time of year hillary clinton was a slamdunk. she wasn't such a slamdunk after all, was she? these numbers move around. i believe -- a very telling experience. she's number 2 in iowa right now. if she wins iowa, i will make the decision before iowa.
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if she wins in iowa, she comes in second in iowa, ron desantis has to reconsider his position at chris christie has to get out of the race. you have a narrowing of the field and i think she stands the best chance of becoming the next president of the united states. that would be one measure but the bigger measure is the things she plans to do. we cannot continue to have our border the way it is. she understands that and his direct about it. we are not going to capture and release. we are going to capture and sent home. liz: you bring up, i don't wanted to slip by, you bring up entitlement. you saw that we have republicans, any one of them who even breathe the the word social security, got to fix this or that, the entitlements,
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medicare and medicaid, there's a lot of pushback. what do you believe she's ready to do that won't and gender that hate? >> i think there's a lot of ways to address entitlements and reach the promised land, the promised land being we can afford it. for example, change the minimum age by two years, just two years, and you change the whole equation. it works. same is true with people like me. what am i doing getting 3500 a month from the federal government as blessed as i have been by the wonderful things that happen to me in this great country, i shouldn't get a nickel from the government. not that i'm getting my own money back, forget that. instead of an insurance policy, you purchase a fire insurance
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policy on your home and you don't have a fire you don't get the premium back, you bought insurance, you bought protection. let us consist of that the same way but seriously, she's got the courage and i believe she will have the delivery to make the message loud and clear that this is good for the nation especially the young kids that we are leaving a terrible mess if we don't address it. liz: there is no denying she has momentum and i hear from a lot of wealthy democrats and democrats who are unsure about biden, they say i could live with nikki haley. you are hearing that more and more. you are a lifelong republican. if it doesn't work out and the nominees are trump and biden, what are you going to do? >> take a space shuttle to the moon.
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liz: will you do elon musk's or richard branson's? >> i will give you this but i wouldn't go near biden with a 10 foot pole. that is as much as i'm prepared right now. i think frankly, liz, if that is our choice, shame on america. shame on america. to have 330 million people, and these are the two best candidates we can come up with, shame on us. liz: you've got young people very concerned. >> to be very blunt. liz: you don't mince words and as we say in your dish focus on the table. what you see is what you get. >> for simple reason. we live in the greatest country on earth. there will never be another america.
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don't sell america short. i have been blessed by every good thing this country hasn't lost. it breaks my heart to see the behavior of the president and the former president has what they say and what they are doing, it shocks me. that we are prepared to settle for this. i don't think that's america. i think we are going to get better. i think we will get better and i believe the american people are ready for a major change. i think right now, based on the momentum, where you accused, she is ready to make the move. she is close to up with ron, and more importantly in the latest pulse coming in second to trump which means warren has dropped back.
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and 99 counties, with a popular governor, if you can't do better than that he has to step back. maybe this is not for me. liz: you've got young people watching, very diverse demo on the show. i want to get to investing, people want to fix up their homes. kids can't afford a home. the average price of a home is untouchable, out of reach to so many people. what should the younger set, this next-generation set be doing? how should they be investing that you wish you had done at an earlier age? >> i made mistakes in investment. on the other hand, i have some pretty good passes. i tell all people i know, make the bet and make it for the
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long term. i will give you a for instance. home depot went public in 1981, september 1981. counting dividends, home depot has compound until last week, home depot has compounded 29% a year for 43 years. hard to believe, isn't it? liz: it is a great company. >> eli lilly and company from 2002-18 did nothing, flat. you lost 16 years. i sold the company november 3, 1977. from that day until now including 16 years of 0 performance, lily compounded the dividend at 14.6% a year.
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i believe your local companies that have inherently good prospects, strong management and you stay with them and when you have the good fortune of having extra money, you purchase on the dips. and you hang in. for the last 14 years, something i am very excited about called parker hannah. liz: from cleveland. >> presume to be a midwest company is anything but that. i had breakfast with the ceo and -- liz: she is fabulous. >> she just took a job. what i am saying is invest. when i try to trade, i always lost it. we have a lot of great companies.
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stay with them. pray you have some money, take advantage of the break. that is the best. better than that, don't bet against america. that's the best way to move. liz: amen. kenneth landgone. we will be watching for the big announcement but you say you are almost there with nikki haley. thank you so much. this was happening on capitol hill. listen. >> what action has been taken against students who are harassing and calling for the genocide of jews on campus? >> i can assure you we have robust -- >> what actions have been taken? i'm not asking, i am asking what actions have been taken? >> given students rights to privacy and our obligations i
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will not say more. >> harvard ranks the lowest when it comes to protecting jewish students. this is why i have called for your resignation. in your testimony today not being able to answer with moral clarity speaks volumes. liz: she was torched by republican congresswoman elise stefanik during the house committee on education, focusing on the alarming rise of anti-semitism on college campuses since the hamas terrorists a lot of israeli civilians. university president liz mcgill and sally cornbooth. it has been at those ivy league, less so mit but cornell and columbia, harvard and penn were jewish students have been bullied and threatened by pro-palestinian student protests with 0 to little pushback by university presidents. it took liz mcgill a month to announce a task force to combat the anti-semitism raging on
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campus but that's too little too late for attorney mark castle what's who filed a lawsuit against penn for fomenting hostile environment for jewish students. charlie gasparino is here. charles: what has been the response? >> the response as you would expect, the response is enormous. it was very well known how absolutely abysmally the presidents of major universities in the ivy league and outside the ivy league in failing to protect the rights and safety, health and welfare of jewish students subjected to attacks by anti-semitic -- >> this is not just calling names. we are talking borderline physical get in people's faces.
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>> physical intimidation, harassment and in some instances physical contact. >> the lawsuit, right here. were they physically assaulted? >> they were both at different times intimidated and harassed and both of them feared for their physical safety and both of them made very clear to the administration -- they both made clear to the administration, the university including liz mcgill's officer they were afraid for their safety. >> what was the response? >> 0. charles: you go to the administrator, we are fearing for our life, what did they say? tough luck? >> 0. i will tell you september 22nd,
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september 23rd right around the time of what they did, the time of the jewish yom kippur there was a palestinian literature speaks, writes conference, held on the campus to the adversity of pennsylvania against the objections of students who are afraid and 2000 alumni who wrote and the response that was given to our client here was when he complained to secure ready, he was told, you should go to it, you find it uplifting. charles: that is different. when you go to an administrator and say i am being attacked physically assaulted almost, people screaming at me, chasing me down, they said nothing, we can't help you?
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>> absolutely. liz: let me play it, charlie, virginia foxx, who was the chairman of the committee, she posed a question, you get the sense what isn't and what is happening with this word salad from these presidents. listen. [. >> you have faculty and students who hate jews, and israel and are comfortable apologizing for terror. how did your campuses get this way? what is it about the way that you hire faculty and approve curriculum that is allowing your campuses to be infected by this intellectual and moral rot? >> i'm troubled what you're reporting about the culture of intutions that we're leading. very contrary to the values that i hold as a leader of university of pennsylvania as well as the institution where, any form of hate is very contrary to our
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values. >> you know she is speaking if this is a surprise or shock to her. like she has been hearing this for the first time. this has been going on for months, for months there have been demonstrations, rowdy, rowdy, violent demonstrations on campus and in fact as we speak right now houston hall, which is the student center at the university of pennsylvania, is okay paid by anti-semitic, anti-israel demonstrators. they have, it has been occupied for three weeks. >> you know what is biz for this -- >> i'm sorry, charlie. for her to say and to indicate and she is surprised and shocked by this she either is not telling the truth or she is so disconnected from reality that in either event she has abdicated her responsibilities
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and should not be president of that university. >> you know what is sew absurd about their comments, listen to them, unspool this, i'm saying as objective journalist, we all know, schools, universities have speech codes, okay? i'm not for speech codes but think about the one speech you're allowed to say doesn't fit in the speech codes, kill the jew. liz: intifada. >> intifada. all of it. if it is directed against israel or jewish people that does not violate the speech code. that to me is the biggest crime here, don't you think? >> it is outrageous, charlie, you're exactly right. liz: have you heard from penn since you filed the lawsuit? >> we filed it around noon today. we haven't heard from them. >> how much money are you asking from them? >> we're primarily looking for injunctive relief there will be
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high punitive damages. liz: marc, thank you very much. and charlie. thanks to the investing in artificial intelligence here to date, take a look at microsoft, up 55%. meta, gained 155%. nvidia, the chipmaker for a lot of this technology, gaining 218%. while some investors increasing exposure to tech, this riffs off what ken langone just said, our "countdown closer" said hold on, hidden stock gems are outperforming tech titans long term and they have been around a long time. joining us with 1.3 billion in assets under management, capital cio tim pagilaro. these names are among the home depot type, right? >> absolutely especially from hearing like a great american kenny langone. investors should focus on pepsi, snap-on tools, and all these
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companies with stood the test of time and outperformed the s&p 500 over the last 24 years. liz: let's make that point, ken made the point and sounds like you are step for step with him. important to focus on investing rather than trading, even a smart guy like him gotten the pants beat off him, he tries to trade, he doesn't do it anymore, microsoft has gained 674% since 1999. snap on, 805%. costco, 1127%. that's, that's unbelievable. you wouldn't have thought that, but at the moment how do you get people to look at these and by the way some of these also pay dividends? >> unfortunately a lot of investors will find out the hard way when the market sentiment shifts and there is focus again back on earnings, dividends, valuation. even a company like general electric has outperformed nvidia in the last
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two years even though nvidia has shined obviously this year. liz: you know, it is amazing to me that you've got to start early to get that compounded interest and then hold on to it. we've got a fed meeting really quick. you think that they will cut by march? that is what the fed funds futures are saying? >> that's what the futures are saying. they need to get the yield curve established in a more, get the inversion ended so i think they will cut, for that purpose only and the tremendous amount of pressure they have on refinancing $8 trillion worth of debt and the new debt that we'll continue to add. liz: tim, i wish you hadn't said the "d" word, debt. [closing bell rings] thank you so much. the dow looks to close down about 74 points. the s&p down in the red barely by a point. nasdaq in the green by 46. we will see you tomorrow. ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow

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