tv The Claman Countdown FOX Business December 18, 2023 3:00pm-4:00pm EST
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for healthcare, for the cost of groceries, gas and so many of these expenses in retirement, that's what you see an increase in mortgage debt even the older generation. >> to be quite honest a little heartbreaking, you can catch the great katrina on "mansion global" streaming anytime approximation, good stuff as usual, thank you very much. >> great to see you. charles: the market is holding up pretty good everyone acknowledges it's over but no one wants to sell it's interesting with major breaks, this last hour of trading is going to be something you want to watch. liz: absolutely we have so much market news for the final hour before we get to that look at u.s. steel shares on their merger monday moonshot soaring 26% to $49, 74 cents off the highs of the session after they
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won the bidding war that's been going on for months for u.s. steel, no wonder u.s. steel is hitting the 12 year high, offering $4.9 billion in cash it works out to $55 a share, we are $6 below that right now, 142% premium to where the stock was back on august 11 when rival cleveland clift offered to buy 7.3 billion in cash and stock market bleed less than what they're buying a four a bit of relief for shares of 10% at the moment and even if it looks like they overpaid with a 55-dollar bid, if you rebind 22008, u.s. steel traded to an all-time high of $180 a share, that was back in 2011, what are we looking at here, $49.75 while off the high, to the market in the winning streak as we kick off the final
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hour they have bells on their toes and on pace to dance toward eight days and possibly eight weeks in a row of gains, the dow jones industrial 28 points, the s&p of 25 and nasdaq up 107, not all index gains are equal, the dow might take the crown and were not talking about percentage moves that matter, what you see with the 30-point gain only equals a fraction of 8% higher for the blue chips but they are gunning toward the fourth straight record close, any gain gives it to us, last wednesday the dow started going nuts reaching the 37000 ceiling for the first time ever right now 37330. the s&p has been a december to remember for the broader index barely toward 4800, 47.45 thanks to three names to which are helping the nasdaq as well that it was done on the nasdaq 100 in addition to the s&p it would be meta and alphabet look at cl 5%
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dropping out of the s&p 500 normally a negative for the stock but the stock is climbing a couple price target hikes on the restructuring announcement. let's get to the mag seven members this is 3.5% in med engine meta 3.5% at two-year peak and meta as at number five on the s&p and number three on the nasdaq, also but google is up 2.6% that puts it in a place on the nasdaq 100 the tech giants could get a bump up on the reuters and a bipartisan lawmaker sent a letter tent bidt new european te sphere and they are urging the president to ensure that you is fair and its enforcement of the u.s. tech
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companies. speaking of enforcement the long arm of the law enforcing apple deposit favorite stocking stuffer sale the tech giants that has been forced to pause u.s. sales of the nine and altered to smart watches after regulators found apple watches blood oxygen violates medical technology company massimo's patent massimo morton "the claman countdown" back on november 2 that the victory would be theirs. >> at this point apple looking forward to an injunction on the spo to the future which is our invention and the matter that was then plummeted without a president intervention december of 26 the apple watch could be no longer display pulse exit maitri and other things as well. liz: what does he mean by presidential intervention, bylaw president biden could veto the ruling he has until december 25
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to do so apple shares also those of the session down two thirds of 8%, massimo climbing 5.5%, we have a jampacked week before christmas let's bring on the floor show traders abba mcknight and scott shellady. it was a week before christmas, a lot of steering in the market with the power to move stocks, some of the earnings report come from best in class names that will be revealed like fedex tomorrow, general mills wednesday, nike syntax, carmax on thursday, let us discuss which one have the power to really gyrate these markets. >> to me it's pretty clear it's going to have to be fedex they touch everything around the world and they're going to let us know how they're doing as far as deliveries if you're up or down an economic indicator a lot like a cardboard box indicator as well which fits in nicely with fedex to those type of
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things is what i'm looking at as a global economy is coming back. you would not believe that from what jay powell had to say the other day because i can't believe they're going to cut rates and things are really, really good but i want to see what fedex has to say in the numbers against what jay powell had to say last week. liz: look at all of these names coming out this week, nike is a consumer brand, you know obviously people will take cues about other stocks, competitors, e-commerce not to mention the news were seen on apple that is not an earnings call but were getting a lot of data as well important data such as the third. of gdp for the third quarter and not to mention the fed's favorite inflation gauge, that would be november core cpe pce rather. >> a ticket so critical as we go into the holiday season understated what the consumer is doing are consumers actually becoming a little bit more
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negative we have not seen it this far but names like carmax, nike are going to be very explanatory, are we still there are we going to be able to drive into last until next year and we always think about the reports of my demise are greatly exaggerated in the u.s. consumer everybody's talking about how the going over a cliff when they managed to stay spending and push through the slowdown. >> this issue of the federal reserve held rates same as what it was before and the so-called dot plot where predicts from all of the fed heads who are voting numbers and where they see rates next year indicate three rates cuts next year. you are laughing, hold onto that chuckle for a moment. the market is pricing in five and we really need to point out a day in the second day later in this weekend we had for fed
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heads come out and talk down the market started to create because they thought this is the end of rate hikes. >> this is probably one of the data points that i can't stand the most out of all data points. i don't know if you know that but i was an adjunct professor of finance at depaul university in chicago. when i think i have to go back and look at it test to decide where interest rates are going that starts to bother me that starts to bother me and it can change so easily. i'm not surprised that he came out and said what he had to say today. i've been doing this for 36 plus years i did my 37th, i've never seen the fed cut rates when things are going really well that's what i don't understand that they're going to tell me that economy is doing fantastic and then they want to cut rates. i know it's not a widely held belief but as a market as you
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raise rates to slowdown the cap inflation which is what they have been doing once you get to a place where you're happy you would keep rates were there at until we have an economic calamity were significantly slow, that makes sense to me but the market that's up 12% in the dow, 22% for the year in the s&p and 41% on the nasdaq and he feels like he has to come out it next week into the end of the year, doesn't smell right with me. liz: i think scott was a tough grader. >> i'm glad i didn't have him. liz: i would hope to have them he explained in plain terms the conundrum that some investors see but the market feels like moving forward let's spin it to the early part of 2024, what is the trade what you start loading up on now to see a good yield or move in the first quarter.
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>> if you like 2023 you get about 2024 because even though there's a disconnect around the fomc and what chairman powell is saying and what is not saying that the other members are saying, the bottom line what's going on with communication services and consumer discretionary we think that can push through the first couple months of next year, the big challenge are we going to see a material drop-off in economic activity which we don't believe will happen and that's why were confused by the commentary that come out last week, similar to scott we do not see that right now. if it does not we think we can push forward in the same trade that we bit in the last couple months. >> the communication services and communication discretionary. >> the ones you love and the ones you hate. >> i'll tell you what i've been waiting for what's going to save this economy, i told you how old are you i remember the late '90s the go-go 90s and early
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2000. it feels like that moved artificial intelligence maybe were not quite there but i never get behind buying a stock which is nvidia up to a 50% i go to a look-alike i'm going to have to cap at 150% that's what amd is up if i want to be in the space and i think that space has a lot of great gains ahead of it for what we can do is productivity and americans on the consumer i think it's a great spot to be i'm good to go with the look-alike and the younger brother to nvidia like amd, the things that i don't like is anything with decarbonization. i'm not on board on that not behind solar and wind and i think will always be using coal and 10% more 21 that we did in 2022 and 21 and verses 23 versus 22, china's building one call powerplay each day this year, working to be using carbon that will be with us for a long time
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and i think it's way too early to get into the clean energy decarbonization but that on the back burner, no pun intended. liz: great to have you, thank you both very much, happiest of holidays. we love having you guys all year round, thank you so much. winter has not officially arrived but could we be seeing a thought in one area. were talking about the housing market, chairman and ceo of homemade and joining us live next on the hit to rate of the fed's rate on 2024 might be the antidote to jack frost in that sector. that is next. one housing metric far from frozen the daily homebuilders and supplies bowl etf, ticker symbol mayo is up 240% year to you date. "the claman countdown" is coming right back, the dow jones industrial 19, s&p of 25 and nasdaq up 113, the bond yields are also rising.
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golo is real and when you take release and follow the plan, it works. liz: the more than doubling of interest rates over the past two years froze the housing market but we see signs of a slight melt afresh read on december homebuilder confidence rising for the first time in five months to 37 slightly higher than the refitted above 36 and three points higher than the prior month you can think mortgage rates dropping below 7% last week in the fed alluding to rate cuts next year as signal to investors to buy the homebuilder stock, dream binders and mahomes and pulled to group homes are up since the fed decision last wednesday. big moves you could argue for
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dream finders up 13.8% the fed decision having an effect. between rate cuts and sliding mortgage rates are we seeing a foundation of the housing boom. maybe next year, joining us in a fox business exclusive chairman and ceo president of hovnanian, ara hovnanian. blocked buyers from selling empires from listing 7 - 8% mortgage rates, they have ticked slightly below 7%. >> there's no question the last few weeks they have been slowly drifting down the been a pickup in activity normally from october to november to december as the holidays approach activity really slows down inquiry sales initiatives been the opposite from october to november and november was stronger and november to december december is getting
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stronger so it's a very positive environment and very similar to what happened last year after rates started slowly settling back down home building activity really picked up. >> let's talk about specific areas where you see the demand. at this time last year end the year before it was austin, texas and anywhere in florida are those the same with any other area when you're hearing from people who say please start building in this town or this village or the city. >> i would say honestly it is been pretty much across the board in all geographies and for a while there was more activity in the active adult segment the 55 plus partly because they did not have a mortgage that they were going to give up at 3% in most of them have paid it off in the get by with all cash but now it's been across-the-board in all price points and really
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pretty much all geographies. it's really picked up. liz: which makes me think and we've been hearing this that there is a huge shortage of homes for people to buy, that obviously might appear to be a good problem but also again you gotta see mortgage rates continue to come down is there a level that you expect to see in 2024 you been doing this a long time i'm asking you to look into a crystal ball. >> frankly i would be very happy if rates stayed where they are right now people have adjusted on the mentality and rates and we got spoiled by 3% rates that was highly unusual not sustainable. a 7% rate by historical averages is pretty good and people are just getting adjusted to it i would be happy in the current environment and he keeps them from getting overheated.
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on the supply housing existing homes for sale are about 1 million there are half as many homes for potential homebuyers to pick from on the existing home market and homebuilders are not able to produce a lot more because what we have ready and available. >> were getting new data for housing starts tomorrow, building permits as well what you see on your jobsites. >> were absolutely seeing more activity, there's no question the housing market is picking up steam, the fed rate are helping, mortgage rates are helping more and i think it's good to be really good spring just like what happened last year. >> the stock has had a crazy year to date number up about 250% year-over-year up to 26%, may of 2021 to see that kind of
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move. how do you feel when you hear about your shareholders with purchasing more land and continuing to build on the land. >> first of all there's no question the stock is done really well and no question were still a bargain 4.7 times earnings and we just had a blockbuster quarter, the best quarter in a decade and a half and we already announce the next quarter coming up the first quarter which ends in january is going to be substantially higher than last year, i think the stock is still a bargain and cheap given what's happened on top of that we have more cash this year than we also had in a decade and a half so we're in a really good position to buy more land and grow and reduce debt by $900 billion in the last three
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years the balance she is in better shape, the environment is good we feel very good about buying more land. >> it sounds like you, have a great holiday, thank you so much. >> international shipping from oil to goods, under attack right now in the red sea is israel hamas war expands to a new front were getting get you a live update on what the u.s. military may do now to protect the big ships from who t houthis attack. chock-full of weapons manufacturers is up 15% since the hamas attacks on israel october 7 in the u.s. responding we're coming right back. the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.
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. liz: breaking breaking news out of the middle east iranian back houthis rebels telling the news that they will be able to confront any possible cut with vision that could before by the united states and the red sea, according to the report there is an indirect contact from countries including the u.s. to stop houthis operations in the area and rejected an offer not to obstruct efforts to reach peace in yemen in exchange for halting military operations. the rebels being accused of attacking two more commercial ships in the red sea today the msc clara panama vessel and
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norwegian swan atlantic were hit by naval drones in the major shipping lanes. while no injuries were reported, more companies are opting out they are rerouting or stopping the shipment of billions of dollars in cargo and oil through the region to avoid putting their employees in harms way, bp, the latest to be added to the list after the u.s. department of defense mourned it may have to intervene militarily to stop the houthis attacks. fox business edward lawrence at the white house with more on what could be a flashpoint in the disruption of global trade. >> exactly in the cost of everything that is on a ship could be more for everyone, so far ten companies saying the redirecting ships because of that there is 11 on the screen some are considering it because iranian back proxies of the houthis there continuing to redirect ships the largest wifely capacity announced in insurance surcharge for ships docketing israel because of the
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situation. the secretary-general of the international chain chamber of shipping said avoiding the red sea for $1.5 trillion that pass through their could increase prices around the globe. >> the trade group between asia and europe and vice versa is through the canal in the red sea so that has to be rerouted and good hope in south africa and that could add a week or ten days which ultimately will disrupt the supply and impact on prices. >> he says more ships will be needed because the delay to move goods and that distance in a timely manner and you see how far south the stuff needs to travel to avoid the red sea, pentagon official that the u.s. will form a new task force job operation prosperity guardian to protect shipping in the red sea here's the defense secretary lloyd austin and israel. >> as were dry under driving to stabilize the region iran is raising tensions by continuing
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to support terrorist groups and militias. the united states does not seek war and we urgently call on iran to take steps to de-escalate. >> of the ten companies bp you mentioned one of them is rerouting ships, the company spokesperson says they are monitoring the situation on a continual basis to see if they can use the red sea again but it is short-term it can have a ripple effect around the globe for the oil market because the delay in getting oil in the near-term. you see the pop and the oil prices there. liz: what's interesting about west texas intermediate, a week or two ago we were at $62 a barrel now were above $71 a barrel, we can see why, thank you very much for the report. fox business overt parent company of the north face facing the music, today revealing a cyber hack on december 13 has disrupted some operations including the ability to fulfill
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global orders on the e-commerce site, terrible timing on the week before christmas not that there's a good time but the stock is down 7.7% at the moment while the company owns vans sneakers and timberland boots is investigating unauthorized activity on the computer system. vf corporation said it a regulatory filing the attack is likely to continue to have an impact on the business operations and you can see is having an impact on the stock, netflix hitting a 52 week high after morgan stanley raised its price target from 475 to $500 a share, 488 and change, the investment banks is original programming from the streamer has dominated viewership and that of course will drive growth, morgan stanley did maintain its rating out over ridge. after a video of a tesla cyber truck sliding down the hill out-of-control went viral and got stuck the forest service
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says it wants to use the video to educate people about the best practices for off-road vehicles on public lands. the national forest is offering to partner with tesla to teach drivers how to navigate off-road vehicles on public lands the forest service that had the driver had above under better understanding of the features on his maps and leave no trace principles which means don't damage things the whole incident could've been avoided, apparently the driver wanted to cut down a tree and tesla has not responded to the request the track and the video appears to be a product type of a vehicle sonata features are available to the driver and to add insult to injury as it stuck on your screen it took a ford truck to pull the cyber truck to safety both shares are down fractionally today illumina has given up its quest for the holy
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grail and that is helping the stock up 2.6% the biotech plans to sell its grill unit to capital market transaction after the deal faced intense antitrust scrutiny. elsewhere on the pharma sector we are seeing alarming developments when it comes to very weird animal diseases from birds to corporis enter corpses and dogs and getting mysterious respiratory illnesses in 16 states, what does this mean in a fox business exclusive we asked the ceo of the largest pet and livestock healthcare company, ceo kristen is coming up live in studio animal related stocks but also a long, petco and chewy a mixed picture, we're coming right back with a pretty serious story about animal health and the problems they are facing. tha
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liz: it is flu season but perhaps not the kind you were expecting flu cases seen an alarming resurgence count main force to temporarily shut her and tricia its facility in kansas after 700,000 laying hens tested positive for more commonly known as the avian influenza according to the new york times the bird flu virus is surging in north america and europe and causing mass animal mortality events in south america now the virus that threatens birds is showing up in unusual frequency in mammals, last month health workers in brazil were photographed measuring a dead corporis that was expected to die from the bird flu let's bring in one of the smartest people, the ceo of
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pat and livestock health companies will she just returned from brazil where she met with the ministry of agriculture and livestock and obviously proactive the concerns of the spread of illness how serious were the discussions brazil that you just came back from. >> it's going to be back, good to see you, brazil is the second largest market it's an important visit for us was ill as a livestock in companion animal on market and there was a lot of focus when i was there on livestock in particular livestock for brazil is 29% of the gdp so it really matters it employs 20% of the people in brazil so we met with the regulatory authorities and the government officials of how we will better manage health for animals and in particular they had a focus on influenza which is fed migratory birds, it is very hard to fully prevented and you can't really stop the birds from migrating from the northern hemisphere to the southern hemisphere but there seen a significant increase.
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they really spent time talking to us about different ways and there is eradication and vaccination et cetera so were partnering with authorities across the world making sure we can provide the vaccines that they need or any bio security strategies that they need to help prevent. liz: this raises the question of the health of the food supply and obviously brazil plays a really important part, so does argentina, beach, that whole business, there is a critical need for what you guys do and what is the therapy there and most amanda to help deal with the flu that appears to be spreading. >> if you take a step back, the important role that agriculture place for the u.s. and brazil that's why i was there it was the u.s. brazil and secretary were mondo to look how we build the relationship and agriculture was one of the key topics what are the five focus areas given its importance, as you think about feeding a world there is going to be a billion more
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people by 2050, you're getting need 70% more protein than you have today and you're getting need to do that using 90% of the land that you already do trying to make the point that healthier animals are more sustainable animals and more productive animals so invested in vaccination for example means animals will get less sick and use less water and less land so it is a win-win. liz: what is the status of the bird flu vaccine. >> those vaccines available today but the reason the submarkets like brazil haven't gone fully down there you cannot tell the difference between a bird that's been vaccinated in the bird that caught the disease and a large export market don't necessarily want to jump to vaccination until we can convince. >> were talking poultry. >> it definitely affects the layers of long-lived birds and influenza affects the more but once you start vaccinating export markets could get shut down as the u.s. in brazil and
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that's what they're focused on how do we help influence large markets such as china to accept product that has been vaccinated. liz: let's segue to dogs, obviously you have a dog i have a dog and were seeing an alarming respiratory disease across 16 states what can you tell us about this we have many viewers who are pet owners and people are very worried right now. >> were very focused wave diagnostics business and were the world leader in animal health in the pet care side and all the labs have been trying to get the samples to isolate the variant that is causing this we've been unable to do that for a bunch of reasons is not just one thing it could be a combination of virus and bacteria that were quite focused on as a wettest we have a center of boundary in infectious diseases so we monitor the stuff very closely and were working in partnership, this is not a space we want to make sure we take
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care of the animals as to all of our competitors in the universities so were pardoning to trade isolate the variant but nobody's been able to isolate it yet. liz: the last time you were here labella was already tested and put out of the european union and now it's here in the united states beta test to begin in september, your puppy dog, your older dog was one of the test pups and i would love to know will this be a blockbuster drug. >> a dirty a blockbuster drug which is $100 million if you look at osteoarthritis pain and dogs like solidity and for cats it is a significant market, there are 85 million other dogs in the u.s. 40% have osteoarthritis, it's really a game changer and it helps not just the pet live with less pain and be able to do more but it changes the family you can take the dog out for walks. liz: doesn't have better affects then the steroids that i was
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putting my dog on that made her thirsty, tired of nessie. >> the advantages the safety profile that's really strong and because it's a biologic it's not a chemical compound in the safety profile is so much stronger and pet owners are convenience in injectable and is been making a big difference, weakening guidance that we think the balance and soul and sia but they will be $1 billion. >> and barbara world that is a blockbuster and as you really look at what that could do for the pets and the vets. >> i would ask about trio it hits three different things hard room, fleas and ticks et cetera there is a competitor coming out obviously of next guard next guard plus in merck's division, how do you maintain your lead.
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>> i'm really proud we grew our market share so were continuing to do well we were the first on the market we still think we have the strongest label and it continues to perform incredibly well we got a competitor with next guard over the summer but i think investors were pleased to see we performed with a competitor on the market you're unlikely to then we can drive growth. >> the stock is outpace the s&p is about 33% year to date and $90 billion market cap, we watched it grow pet owners, thank you. good to see you, happy holidays. liz: oprah lays out a tabloid shocker ever struggles with weight loss and today's count long closer think the secret could add have to your portfolio, i need you to set the dvr, sag after president fran
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dresser, the actor joins us to discuss the aftermath of the strike, a.i. concerns for actors and actresses in what her plans are for the next negotiation which is really not that far away, you do not want to miss them right here live on "the claman countdown", the dow dwindling his fleet up about six points on see if it can hold onto the commercial break through the green. he hits his mark —center stage— and is crushed by a baby grand piano. are you replacing me? with this guy? customize and save with liberty bibberty. he doesn't even have a mustache! oh, look! a bibu. [limu emu squawks.] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ - when did doing business become more about culture wars and less about well, business? some companies today bring politics into the boardroom,
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♪. liz: a federal jury ordered former new york city mayor rudy giuliani to shell out defamation damages, to two georgia election workers after he claimed they manipulated ballots in the 2020 residential election. there was no substance to that. this is the latest edition to giuliani's troubles. 148 million is not enough. >> he was in the hole before that. i have been spending last couple days speaking with friend of rudy. i get no joy out of reporting this. this is a sad story. rudy giuliani helped bring new york city back. liz: yeah. >> maybe the greatest mayor the
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city ever had. he fought the establishment in way that was just unbelievable. he turned this city around and now it is going backwards. no joy here but his friends say, you know, give you a little example in the financial straits he's in. about a month ago friends of his got together to try to raise money. let's get 100 of us worked with him. a lot of guys work on wall street. let's raise 30 to $50,000 each, put it in a pool, 100 of us. liz: to help him with legal defense. >> to help him with legal defense and everything else. they went to a person closely associated with rudy, this is what we'll do. don't even bother. that will not make a dent in it. we are talking legal bills that are so through the roof, on top of any judgments that might come in. this is a judgment this is not a legal bill. they're going to appeal, it could get knocked down but,
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rudy giuliani is in desperate shape right now financially. it's sad. it's, you know, if you told me he was, not saying he is, he has got real money problems right now and it is a sad sort of -- liz: how do they get anything from him with this judgment? he does not have $143 million. "saturday night live" update were joking about it. 143 million may be a billion. because he has only nine dollars in his account. $9.11. >> i probably does. doesn't have a lot of money. remember this is a long time coming. i remember back in 2003. 2003 i was in "newsweek" magazine, did a story about giuliani partners. doing private security work all over the world. he is not doing that now. liz: hinging himself -- >> to trump? liz: to donald trump the big problem. it feels like, you bring up
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new york city folks, i came to new york city for my very first time from california in a visit 1980. it was scary. >> i grew up here. liz: rudy took over, whipped it into shape very fast. i covered his election. liz: really strange. >> i asked a couple of his friends, chicken or egg, him getting emersed with trump or sort of parroting his election denial insanity or was it the other way around? other people say he wanted to be with trump. he was, he wanted that stature back because he was out of the limelight for a little bit and i wanted to do the interviews and being on tv again and in order to maintain that status he went overboard and that's what you're seeing now. so, again, you know, rudy, listen, the other part of it two divorces in the last 30 years for him. liz: that is a drop in the ocean compared to this? >> i don't know.
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that is lot of money. mother of his kids is donna hanover. he got married again. that is more money. you have to pay the bills. liz: wall street will not help him out, his friends? >> they are but, we're talking like, a buck to cover just what they said a buck to cover a million. you know it's not, there is not much they can do. it is really, his financial side is like, i was felt really bad. you know? liz: self-inflicted in many ways. >> in some ways. you know, again, it's a rabbit hole he went down with the former president and most people never come out of that rabbit hole, you know that right? liz: charlie, thank you. >> yep. liz: closing bell, we are three minutes away. kind of a nail-biter here. the dow is now flat, on track for the fourth straight record close. any gain, even .1 of a tiny point here would be the third
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straight, fourth straight record close. yeah, fourth straight record close. we haven't seen that in a while. right now the dow is flat to slightly lower. s&p is up 22. we've got the nasdaq up 92 points. we've got this, oprah winfrey making headlines when she revealed in the past couple days that her new look, much slimmer, comes from taking a weight loss medication. she did not name the drug she takes, but brands including ozempic, have become household names are in huge demand as celebrities like oprah shed the pounds very publicly. one of the drugmakers is our "countdown closer"'s pick. robert schein joins us now. let's go to it what is the name because these three are all in huge demand and there are shortage. >> in oprah's case we don't know but we know the weight loss industry is exploding right now. specifically we like eli lilly
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little. they are the ones captivating taking over. if you look at the don't addressable market with eli lilly it is a five billion dollar market in terms of weight loss in the united states. it will go to 150 billion by 2030. it is not just for vanity. in the weight loss industry, there are heart health benefits reducing heart attacks and strokes. if you get insurance companies on board and health effects for weight loss these are blockbusters. liz: the stock is up 51%. a big move. you like ulta and google. let me ask you with 40 seconds left. seven weeks in a row of gains, we're on track for the 8th, is that a little weird, bring it on, it keeps going. >> santa class is coming around. first quarter will have to be touchy. you have to be careful to pick
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your spots in regards to the market but yeah we'll see the year end finish strong. showing forward s&p 500 year from now is usually strong, about 82%. liz: robert, from your mouth to the market's ears. good to have you, thank you so much. >> thank you for having me. here we go the dow not quite there. now up 2. this is too close to call. it is a horse race, folks. the race is not over until you hear the bell ring. [closing bell rings] transports lower by 54. we're right back here tomorrow with fran drescher on the screen actors guild strike being over. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right two big stories we're covering today. biden's catastrophic, biden's cat if catastrophe at the soutrn
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