tv The Claman Countdown FOX Business June 3, 2024 3:00pm-4:00pm EDT
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those earning less than 55000, these used to be derogatory term about jobs at the fast food restaurant, those of the most pain jobs out there, consequently the lower income workers have seen a greater percentage gain in income but never confuse that with great wage gains overall and moreover income is only 20% of hous households, your wages are only 40%, you have folks were self-employed a lot of folks with the gig jobs, business, welfare payments and the money comes from different sources, the middle class and you're trying to keep up with the current action that has not been that great, they own homes and stocks and that's a reality that most economists don't know what you know all too well attended over to liz claman. liz: kardashians, just say their name. you have everybody listening.
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major headlines coming out of us right now everything from gamestop to nvidia to a possible move by a famous investor to crowd fund the purchase of tiktok. i want to start with gamestop, retailer off the highs of the session as we kick off the final hour of trade if you bought in on friday you were up 33%, that does not mean it hasn't been a manic monday, shares have been halted several times during the session due to volatility after famed retail trader keith gill who goes by the name roaring kitty on reddit and started the first mean stock craze in 2021 in the first time in three years, he revealed he owns a 5 million share position and that was enough to send the stock soaring by more than 60% to 40 bucks, we have gamestop at the moment $30.85, wall street
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wonders whether he's reactivating the army of individual investors who piled into the stock three years ago to foil short-sellers against the stock end gamestop for the upside continues. nvidia claimed the top stop on the nasdaq 100 and nvidia will turn out a.i. chipset a next faster pace ready next year and what about all the other companies promising a.i. strategy will send their bottom line higher, c-3 a.i. has the ticker symbol a.i. and is not profitable right now, the software company tom siebel is about to join us live on that in
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the flurry of signed orders that may change losses in the profit sooner rather than later, tiktok in a stunning flip-flop over president donald trump has joined the appy called the national security threat, trump made his first post on tiktok over the weekend it comes after congress voted to ban the chinese on social media site unless it sells to an american entity, enter shark investor kevin o'leary his planning on leaving a crowdfunding effort to buy tiktok, he's here to unveil it for you. he's coming up just a couple of minutes, to the markets were seeing brad on the screen the selloff on the dow 220 points at the moment there goes a significant chunk that has them gaining 574 points at the close, the nasdaq is down ten, the nasdaq had been up 174 points
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now it's up 20 points toggling between red and green the russell 2000 had been up more than 1% and now it's down more than two thirds of percent now it's losing four points usually they fall when they're showing strength, that pattern over insight right now the two-year losing 4.6 basis points to 4.827% look at the ten year down 9.4 basis points and stands at 4.05, both of these are two we close this is one of the weeks that has investors on the edge of their seats for big news that is not out yet, let's get to the floor show, jp morgan asset management global market strategist and new york stock exchange trader peter tuchman, give me a sense right now about i'm still asking myself why the late day rally on friday had the dow 600 points in the selloff today it doesn't appear to be that clear on either front. >> a really good question i
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thought we had a really good solid may in not mazelike that you would see the last day of the treating month you would've seen profit-taking that's what felt normal to me and we had an msc i global rebalance on friday which is one of the global indexes, what we saw as a trader on the floor a massive five program come in around 3:00 o'clock which is poured half to $5 billion and it came in and what we jokingly call a pace off rally and you caught everybody offguard and short-sellers offguard because i think everyone is counting on a little bit of weakness coming into the end of the month. that fee will do crazy rally that we saw on friday and people are sort of reacting and things that we don't know were going to come out yet there's a lot of uncertainty in labor numbers coming out later in the week the
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fed has not been really clear i think everyone got caught off guard by may it was really good may nvidia earning super solid, we had a nice rally in the russell the broader based rally that we saw in the russell advances versus declines showed us a better month coming out of may. i think were at crossroads that the market is going to react to things that we hear in the next couple of days or the next couple of weeks or maybe everybody positions themselves for the second half of the year. liz: i'm with you with the data coming out today and already came out today, tuesday, wednesday, thursday we are getting big numbers, here is the calendar right now, pmi continues to shrink and tuesday the april jolts number, thursday ecb is going to vote on rates widely expected they will cut by a quarter of 8% and as we know
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friday is the big may jobs report, ahead of all of this do you hold your fire. >> it's a fair question the way they were looking at the trajectory of labor and how the data had been involving over the last couple of weeks with claims data in the last few months very clearly there is a sign of easing and moderating, we expect decent job gains but were close to 300,000 to be pulled a couple of months ago. liz: 190,000 compared to ap april 17, 5000. >> our own internal estimates are free, 150, unemployment rate steady around 39 and wage growth moderating that's a big story as it relates to inflation. the risk we spend too much time and this is what we've been doing over the last couple of years, obsessing over each individual whether a label.
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or whatever it may be and not enough time paid attention to the bigger trends, i don't really care for number on friday is 150 or 190 that does not make a difference to me it is a continuing moderation, continuing softness that is slowly emerging that means the fed should feel comfortable to lower rates one time this year. i am okay where the market is going right now and i'm not particularly worried about the rate outlook. liz: when you point out the decent may we have the markets very comfortable at the moment with the higher for longer interest-rate picture. >> i think it's a matter that the market can handle virtually anything except expectation that are not fulfilled i agree with this completely, 100%, the market feels like it needs somewhat of a cut this year, i don't think we can have more than one but we need the data to support that and i agree with your guest, so historically we
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were never watching every single one of these numbers every day of the week month after month and all eyes get catastrophism for numbers on exactly what they wanted and a pretty solid year, first quarter best since 2019 april was a combative month for sure may prove to be okay were at a crossroads we're going to need to hear a little more before people are going to position themselves into the second half of the year the election is nothing to do with it whatsoever but the interest-rate story is still going to have some people wondering which way to go with the market. liz: they are perseverative or what the fed is going to do and what the gang at j.p. morgan think i saw an article earlier this morning where somebody said don't count out a july rate cut i don't think that's a possibility but when you think
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something cannot happen it co could. >> when we were position ourselves the start of the year the mantra was expect the unexpected giving everything that happened in 2023 i think it could continue to say that in july, never ever say never ever but i'm pretty sure that a july cut is off the table this year it feels like a september, october story. >> what is the area of investing that makes the most sense. >> our thesis for the entire year is broadening out of the recovery in more than the mag seven of the fab four whatever you want to call it the way that the story manifests is the irving start to catch up that is not something that we saw happen in the first quarter is not something that we expect to see happen in the second quarter earnings either it is a very much back half of 2024 story when we expect the non- mag 7490 plus names out there to start really pulling some weight not
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their own weight. i would rather get in a little bit early ahead of the story and i think you could say something very similar with fixed income positioning there's so many questions on where to be on the curve of a duration perspective and given the uncertainty within interest-rate, i'm okay being a little bit early to the party knowing at some point not over the next month or the next three months but 6 - 12 months it's going to pay dividends how to speak. being early is a little bit okay with some of the stuff. >> great to have you both, thank you gentlemen. elon musk and sam altman made the generating most headlines would it comes to artificial intelligence and the revolution around it. the company with the best ticker has got to be c-3 a.i., the ceo of the a.i. software firm that holds the ticker a.i. is here next to discuss the plan to profitability and how the software sector should be ramping up a.i. offerings.
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the global artificial intelligence and technology etf a big basket of these names has ramped up 25% over the past y year, the dow down 219 at the moment led lower by caterpillar, we're coming right back. ♪ everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients.
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that will address the computing demand from a.i. data center it will monitor the fourth quarter, she is so confident and potential sales, she is upping revenue to more than $4 billion this year, that is 500 million higher than the previous estimate. as the a.i. chip race continues at a torrid pace, what about the companies that by the semi conductor, a high-powered enterprise software company c-3 a.i. said in the fiscal 2024 results out last week that revenue from federal government orders exploded 100% year-over-year, it is become the go to name for u.s. government arms that include the marines, air force, navy and intelligence community, will it be enough for profitability ceo and chairman tom siebel is here to answer that, that jumped out to us, you closed 190 new agreement. 65 are federal government agreements, how much runway is
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there when it comes to striking deals with government agencies and divisions, this is a real driver. >> just like the civilian and the private sector in the investment that governments are making state government, local government if that's community intelligent and civilian community are making massive investments in enterprise a.i. in the coming years to improve services to manage the military and intelligence and logistics in its rapidly growing business. liz: it seems the government is usually late on these kinds of adoptions but it sounds like they're going all in and taxpayer money there is somebody redundancies of the government with this in these types of deals you are awfully hearing them to change that and fixes issues and the private sector and hundreds to millions if not
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billions and from scratch in the private sector to accelerate their efforts in the taxpayer and american citizens. >> the chip war and amd when they lead into the segment with chips nvidia is a leader at the moment elon musk over the moment tweeted he is probably in for $9 billion worth of purchases of nvidia chips, whose chip do you use and for the x a.i. effort whose chips do you use or is a bunch of names. >> our customer we rely on the hyper scaler and capacity from aws and google cloud as do our customers. were not depending on any
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specific chip, it's very clear that janssen is dominating this in nvidia, i expect it will continue to dominate for a while, we are chip agnostic and there is a lot of capacity being developed up there in the cloud in the chip infrastructure and the only reason this capacity is being put in place is to run enterprise a.i. applications and that's what we build. >> let me go back to the government contract and subscription gains that you've gotten, 50000 inquiries from 3000 companies in the fourth quarter alone you told doctor behrens, what ballpark of those inquiries on the people say telling me about your service, do you expect will turn into actual deals and partnerships this quarter, the current quarter. >> it's a good question i think we might get 90000 actually this
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is accelerating from corporations greater than $500 million of revenue these are very real many billion dollars in revenue and the bulk of the inquiries how can we use generative a.i. to improve our businesses and improve our customer service and our crm systems and hr systems and our manufacturing systems, the generative a.i. is unknown liberally large and were being overwhelmed with interest right now. liz: beacon of salesforce and crm they dropped the biggest percentage that they have seen and something like 20 years on a disappointment basically of what people had expected because the ceo and everybody else has been pounding the table on a.i. offerings and investors did not see enough of a bump in the profits even the revenue for that and here's my question many of these companies that are making these wild promises have
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shown not even incremental bottom-line potential that is flowing into profits and helping the stocks, what do you say about a possible slow reckoning in the industry where investors are starting to tap their watches and say it's been a year you guys made the promises where is the money that comes in from the promises. >> salesforce is incredibly successful company in market is a bright guy but if you look at the enterprise applications they have technology stacks that they have the last century a.i. is an entirely new game at c-3 a.i. we worked 15 years ago. liz: let me interrupt you, dell stock took a hit because people did not like what they saw with the data center numbers with a lot of promises about a.i. and quite frankly you guys are not profitable right now what will get you to profitability considering your ticker is a.i.
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and people love to see this kind of thing succeed. >> we have a clear plan of profitability and we communicated very clearly and i think we understand it, let me remind you it took amazon 29 years to be consistently profitable, it took apple 21 years they invested in market share, we raise money and markets to invest in market share and were doing this in the objective three quarters of a billion dollars in the bank and cash positive in our focus is on gusting in technology and sales capacity in investing and capacity to establish a market leadership position globally and enterprise a.i. and doing exactly what we said we would do and just like siebel systems, iran in a previous life, this will be a long-term profit business to take that to the bank. liz: you made 310 million last
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year in revenue, that is again of 20%, what is the big chunk of the money going back into if not "the bottom line" profit. >> we are cash positive last quarter and i expect this to be cash positive next year but were investing in technology and sales and sales capacity and service capacity in investing in market share, this promises to be north of the trigon dollar addressable software market which is the largest software market of the energy software. our goal at c-3 a.i. is a leadership position in there is some risk we might succeed that is the goal not to refocus on we know how to do it we have the people and technology in the market is here and as you see the competition from the historical enterprise players is not very significant. liz: let's hope you don't take as long as amazon i'm hearing you say it won't take that long.
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, tom siebel of c-3 a.i. merger monday in full swing, working to tell you about the deal that is happening, the one that may be happening in the one that janet you can't even call the agreement by joe german audit to take a piano off his mom's hands, a young father to toddlers who didn't play the piano but when his mom said she was getting rid of the piano joe had room and his new jersey home and said will take it, what a life altering a brilliant decision that was in my latest everyone talks to list podcast, a 2-year-old daughter stephanie lady gaga began wrapping her arms around the piano legs crawling up the bench and banging on the piano keys, that turned into one of the most successful pop music careers in history, listen to have one quick decision to joe germanotta changed it, apple, google,
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30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ fox business over how much would you pay to make a music playlist he wanted investors are paying for spotify at this hour, the stock is gaining after the music service said it will raise prices for the premium subscriptions in the u.s. starting in july, the individual plan will rise a dollar to 199 per month and $3 for the family
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plan which will bring that to $19.99. investors on the belief subscribers will pony up for the second hike and a year stock is gaining 4.5%, buttering higher and one water is in talks to buy the book services company for $40 a share in cash, that works outer premium of 40% to friday's closing price of $28.48, now at $38.13, bloomberg says the company combined would be valued at two now billion dollars one water declined to comment, the stock is popping 14.5%, waste management says it is buying stericycle for several point to billion dollars in cash including 1.4 billion in debt, the deal for the disposer of healthcare waste works out to $62 a share which is a 20%
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premium and it closed friday at $59.5, waste management dominates the collection space in the u.s. and clearly working to expanded the biohazardous area of the acquisition, waste management down 4.7%. , remember friday boston beer shares were popping, right now they are sliding after the japanese brewer and distiller denied it's in talks to buy the sam adams producer, the wall street journal report on friday that both were in early deal talks and that sent the beer shares surging 26% in boston beer is down under 4% right now, it's holding onto many of the gains. tiktok has a new influencer, former president donald trump who spent years trying to be on the app, the clock is ticking for the social media apps and the chinese owner by dance to
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find an american buyer within a year in mr. wonderful kevin o'leary last week set up a crowdfunding website to gauge interest in what would be a collective purchase of tiktok a bunch of people crowdfunding to buy this thing. how would that work, kevin o'leary joins us next to discuss you can see if you could be part of the crowdfunding. checking the etf's, his family and the name down fractionally, we are coming right back. he best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.
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♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. liz: from the runway to the trading floor the fashion giant shein is eyeing the ipo not on the new york stock exchange of the nasdaq but on the london stock exchange it would value the company around $63.7 billion and could take place as early as
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next week, why not here were not sure it comes after marco rubio asked the security and exchange commission to block shein bid to list stateside unless it disclosed certain business practices and their not only focused on the u.s. exchanges, there also concerned with chinese purchases of agricultural land in the u.s. hilary vaughn on capitol hill on why congress doesn't want china down on the farm. >> they say it's a huge national security concern and republicans in the house actually want to figure out how to buy back some of this farmland that is fallen into the hands of beijing but in the meantime they have been able to make key provisions possible in the latest version of the farmville that would protect americans farmland from falling into the hands of our adversaries like china in the first place, i will republican congresswoman ashley hinson said is this time for the u.s. government to have the tools to
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track the foreign purchases and actually do something to stop it. >> about ten years ago we had a chinese spy ring that was trying to take it back to reverse engineering they are trying to undermine our entire system all while destroying the communist china should not own another acre of land it's about protecting his food supply international security. >> one of the changes in the farmville would update the agricultural foreign investment disclosure act having a paperless which means reports could be filed online so the government contract purchases in real time and also have minimum penalties for people who try to lie on these forms and hide who is buying the land which is buying a problem, china owns 346,000 acres of u.s. land in the past decade, chinese ownership of farmland has increased 256%, now changes to
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the farmville would put cynthia's on the case requiring the usda and committee on foreign investment to work together and share land purchase data and carveout a new rule to investigate land purchases to invest if i national security and the problem might be bigger than we even realized the government watchdog earlier this year said the system in place to track foreign investment of farmland is riddled with problems, they cannot accurately track exactly how many land is owned by whom and if people are being honest on the forms and if it's being double checked and verified in that subdivision to work on two. liz: thank you very much when he was president donald trump was adamant that tiktok was also a national security threat, let's take you back to may of 2019 and the fifth trump presidency would issue this executive order and additional steps must be taken
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to deal with the national emergency with respect to the information and communication technology specifically the spread in the united states of mobile application developed and owned by companies republic of china continues to threaten the national security foreign policy and economy of the united st states. at this time at must be taken to address the threat posed by one mobile application to particular tiktok, fast forward four years to the past saturday when trump officially joined the app posting the video from the ufc fight comic trumps concerns regarding tiktok at the seams one with the bipartisan congress and the biden administration to pass a law back in april that requires. company of tiktok bytedance to divest tiktok in the u.s. arm of it to an american owner or organization by january 19 or get blocked is important to note that president biden also has a tiktok account to campaign for
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reelection, bytedance challenge the band with the u.s. appeals court setting oral arguments for sometime in september but with tiktok american future in limbo investors and companies have been planning possible bids for the app, one of those kevin o'leary shark tank mr. wonderful joins us to discuss the crowdfunding is not an idea you've launched it right now give us the details and in what form to buy tiktok would look like. >> the democratize ownership which i thought was a great idea and lawmakers off the record liked it to. there's no deal the company is going to sue the united states of america by suing congress and the chance i could do that in china is 0 in the level playing field, they're going to use the legal system to try to delay the
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implementation of this law which is january 19 i don't think this is going to work this is the law of the land pass a bipartisan basis in san by the hand of the executive in the white house, it's over tiktok has two choices, shut down which is going to hurt shareholders including u.s. shareholders and bytedance and whatever tiktok is worth what rumored 100 billion that goes to 0 or sell it to me those of the two options, i think selling it to me solves a lot of problems because once we clean up the algorithm it doesn't leak data to the chinese supreme leader we get a lot more users than we have right now, that's very important. >> right now on the screen we have the crowdfunding website let's be clear it's on start engine it is life mr. wonderful's plan to buy tiktok. you're not soliciting funds are not allowed to do that your soliciting interest seeing who's
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interested how many people are and how much money they would be willing to put down in the clock ticking down 230 days nine hours and 16 minutes before this is supposed to be band give us details how much money you would expect each person to put in, i would throw in $50 kind of thing? >> first of all full disclosure transparency i am a shareholder is the largest equity crowdfunding in america and i'm a paid spokesperson for it, that clock is accurate to the second in $250 working under the reggae attribute of the jobs act which allows anybody to do this because were trying to figure out this has to close sometimes in the first quarter i would like to get a few million american users in the small business on tiktok and is coming to the deal with the terms and all you can do is register interest when the time comes
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when you set up, were getting a tremendous amount of jobs, there's a lot of people interested but there's no deal because the company is busy suing you the american people, until they are finished doing that nothing's going to happen. at the end of the day it's only the supreme leader that decides, management doesn't matter, it's the supreme leader of china that will make the decision that's what people are learning about investing in china this is not a level playing field by any measure. liz: when you say supreme leader you mean xi jinping, you are saying that bytedance. >> i didn't say he was supreme anybody that can list the rest of his life. liz: he decided not a democracy, we knew that. , to that end is an unbelievable that bytedance is able to use the court system to the advantage when you've had an experience multiple experiences
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where you were basically, i don't want to say screwed but you were screwed out of money in china and you couldn't get a fair shake in the court system, correct? >> every company doing business there the house or ipo is getting screwed out of money because they're losing sales, they have been for decades let me go on the record i have no problem with the chinese people i love their culture into huge problem with the chinese government they don't want to play on a level playing field you cannot play ball with them that is the problem and what i would like to do is apply the same rules to them as they apply in the u.s. market i have to pay for compliance on every company i'm involved in this list in the new york stock exchange or i get delisted i want every chinese company that is not complying to get delisted i cannot sue the supreme leader why can they sue the people of the united states i cannot use their courts they
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should not use ours that's only way we will get the chinese government compliant there has to be a level playing field i'm happy to compete i'm happy happy to compete, i have to understand the rules they have all the rules, we have none we cannot do anything over there and we get screwed. >> i'm glad my mom is not around that's why i'm still looking up say mom sorry i said it. >> i'm helping you get the word out, that's exactly what happened. liz: thank you very much. once you're allowed to take some money i'm in for georgia $50, that is a very reasonable amount to get a little piece of tiktok, good luck. >> if you do i guarantee all work like a dog i guarantee t that. liz: i believe you, thank you very much, kevin o'leary crowdfunding to buy tiktok, very interesting stuff, we will continue to follow that were
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following paramount global stock, it's rising after looks like a deal with sky dance, not bytedance, sky dance may finally be happening, charlie gasparino is up next on whether sky dance latest bid will get paramount shareholders to sign off and say okay. more countdown straight ahead, the dow losing 185 points, while also close is losing 439. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity.
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their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding and that's just not me. not being there for my family, that hurt. woo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms, like joint swelling and tenderness, back pain, helps clear skin, and helps stop further joint damage. serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen.
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it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. liz: closing bell ringing in about -- let's call it six minutes. the nasdaq is still up about 48 points. it's the only one in the green. got to check game stop shares. this morning shares were up 60%. at the top of the show it was paired to 30% and right now game stop shares are up 17% so we're seeing that stair step down but trading volume is off the charts, 156 million shares exchanging hands and average is usually 44 million. charlie, i mean, you've talked about this. >> right before we get to paramount news, talk about this for two minutes and lay this out for the investor. this is screaming for sec investigation. i'm not saying keith gill did anything wrong.
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hardly. liz: he's the retail investor. >> yeah, at the center that may or may not -- people are questioning whether or not he's behind this account. liz: saying he owned 5 million shares right now. >> there was social media ken polcari tear speaking before congress a couple of years ago, he didn't have the net worth that could own that much of the stock. i'm saying -- liz: a lot of guys buy on margin, don't they? >> we don't know. he's not the goldman sachs trading desk, it's keith gill. liz: roaring kitty. >> this is likely to be looked at and we'll find out soon who's behind the account and what it's all about and why he's doing this? liz: he's allowed to purchase the shares. >> he is allowed but there's fine lines between this stuff. anyway, stay tuned for this. the next headline is sec
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launches examination of this whole mess to uncover and get to paramount, i'd put it in a stock chart of paramount up here. we're talking end game here with sky dance. you know, we're here on the "claman countdown". everybody was saying, it's not going to happen and going to be sony and what, sony, apollo and maybe nothing. i think it's going to be nothing. we were the first to say it's going to be this deal. she want this is deal. they'll have to sweeten it, which they did by essentially giving investors some outs to sell it at a high by $15 a share. if you noticed the stock is trading below that 15 a share, and i think here's why. it's a convoluted deal. i've been told by people in the deal, it's not done. they're still negotiating and sherry has to say yes officially. once she says yes, it'll take a couple of days for them to paper it i understand they're in end
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game negotiations and things have blown up at the end. not always, they think they'll get it through and "claman countdown" was way ahead of the story saying that paramount will sell to sky dance and two thing wills happen out of that. jeff zucker will make his return to tv. liz: you've said that for months. >> cbs likely. jeff shell will make return to tv. liz: you were the first to say that. >> see if it happens but that's the plan. they're going to do that with the combined deal, which has got sweeteners and they'll pay off debt. that's good for the common shareholders like mario gubelli. liz: he's agitating for the common shareholders. >> he is one. see what he thinks about the deal terms. he didn't like the deal at first.
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this is what the deal terms are suggesting that they're trying to fix it and make it happen. begin, he says yes tonight, which is likely or tomorrow at the meeting, end of the week. our prediction last week, early last week, i want a trophy. liz: newly discounted troughties show now it the time to buy and names with $5 billion in assets under management and timothy chubb. give us the names, timothy. i was noting salesforce was done earlier and popped into the positive territory at the moment and, boy, did it get hit last week and so did dell.
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>> yeah, the whole group got hit really hard. thanks for having me. ultimately we saw really growth starting to plateau and multiples re-rated for the group and some of the favorites in the space were service now, adobe, viva systems and salesforce and, you know, while most of these have a decline five years in ten times valued to sales and versus 6.5 today and we're certainly buyers here and i think while there may be room to go,
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liz: adobe is in a unique product space and it's out there and will it translate to a bigger way to the bottom line? that's the issue, tim? >> certainly and i think with adobe in particular, the question is will general ai accelerate and augment human creativity or supersede it? adobe has shown certainly seems like it'll accelerate and augment that human creativity element and the company had fantastic run long term. liz: thank you, tim. boy, looks like nvidia is at a record high here. we shall see. tomorrow we have a great panel lineup. larry: hello, folks. welcome to kudlow, i'm larry kudlow
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