plately fail and faded and stock pluplunged and the obama presidt seizure disorders gave it a new life and threw -- presidency gave it new life and through billions at this renewable energy products and stock rallied bay to $54 by 2021 and around 68-cent as share right now. it's a cautionary tale that the biden harris administration is ignoring, which they've tried to carry a stick approach with respect to evs and this year alone, administration is giving buyers of new and used evs what they call instinct credit. go there at time you buy, get cash right there for the car over the nest few years a lot of companies going bankrupt because the public does not want them and they want liz claman though. liz: oh, i'm here.

you want me, you got me. thank you, charles. i have a question for you and all outrebounded viewers, was it all a bad dream, the horror and carnage and economy is falling off a cliff and let's sell nvidia, microsoft and bitcoin and everything else? after the biggest one day drop in more than two years, major averages started awaken from a short nightmare maybe. can we start with the nasdaq after 3.5% or 76 points and the hall of the max seven scratch back 329 points and of that loss, it's about a 2% gain at the moment and yesterday nvidia was a horror show and you'd ya slowed yesterday down 6.4% and

look at s&p staging a pretty decent comeback here and recovering some 2% of monday's 3% smackdown of 160 points so right now up 103 as for the dow, 1,033 point chop off yesterday's block far from erased even with the 563 point gain and, hey, it's a bounce nonetheless. amazon, dow component actually outperformed its rivals yesterday and despite using 4%. probably because cooler heads prevailed know, aws cloud service owns a huge chunk of the market and none of that changed. in fact the stock is now up 2%. even hilt by a recession, most companies will need web services of rates of $100 billion and meet the man.

matt barnman is here and and largest cloud provider is working upright now? coming to late afternoon bell and dow is up 557 points and give credit where credit is due. positive earnings and palantir, cal pillar, uber, c c caterpillr and uber and that's not the high of the session and best day in six months and uber is crushing it up about 3 points -- 11.25% and caterpillar up 3.5 and ksx3.5%. was yesterday's nightmare, is it now totally over because night false positives is coming in a if -- night fall is coming in a few hours. bring in two season traders and joining me live from the vicks pit at cbo.

scott bower and sarge. scott, you saw 181% and biggest on record and closed at 65 and down to 25 now. explain whwhere all that fear ad hysteria went. >> yeah, you know, you had especially with the vicks, you have so much short covering from people that were long equities or long part of the carry trade just clam moraying and absolutely clambering, liz, because -- c clamerring and eve- japan fell apart and big out of the money calls and everybody was clambering for them. today, it's a different story. it's not as busy today. yesterday was unbelievable. it was like 2.5 times average daily volume. today what we are seeing is

retail and much more severe today and by no means is this volatility over. but the market can handle the vicks in the low 20s or mid 20s here. this is much more normal. yes, it's elevated but this is much more normal. this is something the market likes to see. liz: they like to see this kind of bounce and you, sarge, have seen this as a trader s. that what's happening here? can you venture to guess? >> yeah, i expect a little more of this. the end of the free money in japan, end of carry trade is coming out all fine now. we are have to go through a bit more of that and the threat of increased war between economy

think we got alga rhythmic boost that increased probability that donald trump is going to be elected president. i'm not making a political statement here at all. i think perhaps kamala harris choosing the running mate she chose, the deputies are conceding the election. liz: [inaudible] announcement and we've had many, many smart traders including you say that the political landscape may trigger short term gyrations on both sides, but when you look at these speculative trades that were the under current and kind of pulled stocks down yesterday, there are still some of those. are there not, sarge and should we be worried about those?

>> of course, but hi a good day yesterday so i can't complain. stocks opened worse than during the trade. i doubled my long in nvidia during the first three opening hours at 106 or something like that. palantir, i was already at a full position but it was trading at 21 yesterday before the open i got that about 125% of that and when e you see the opportunities and when you're a trader, take advantage. somebody does something else at home different for a living, if you do something else with your productive hours, then you have to be a bit careful and then i think you have to take -- i don't want to call it a barbell approach and that term has been used but anchor your portfolio with precious me metals and utilities and be in the part that can grow and ai and infrastructure like nvidia and data like palantir and even cybersecurity and crowd strikes are beaming up. i think maybe there's a chance to come back and took a little

risk off there. evidence of infection have a backup plan as far as cybersecurity goes. you have to use -- really split out your risk and anchor it and play the growth game. liz: sure do. but yesterday there was a reaction to the weaker than expected jobs report for july and people think that was the trigger. on the show yesterday, we had mohamed el-erian and we asked him this because suddenly there was actually a fed funds future bet in the markets that there would be a 75 basis point cut in september at one of the jumbo super sized me rate cuts and talking about whether we'd see a emergency n intermitting cut before september and here's what

mohamed said about tafanely rate cut. >> it would be a terrible idea and those who are pushing it, be careful what you wish for. you don't want the fed to come out and say it's an emergency, it's not an emergency. we understand why it's happening but that doesn't mean the fed should swing the other way with a emergency cut. liz: scott, you don't see any bet of a 75 basis cut today? >> no. and mohamed was absolutely spot on and we've talked about it on this program here where i've said be careful what you wish for. if the fed came out and did something, that would spark massive panic in the marketplace. yesterday, it was one of those one offs and not even a black swan and one of those one offs

and volatile days and listen, over the last almost 100 years, the market is experienced 5% pullbacks on an average three times a year. 10% pullback once a year. so this was not out of the question. now, what happens going forward from here, anyone's guess. if you look at the vicks futures, we're still in a state of back ward asian and down dramatically over 50% from yesterday, we're still futures are lower than where they are today. than where the spot is meaning that the risk to the market and at least according to what the vicks is say asking here and now. the present over the next week or two. liz: quickly, sarge. your idea of the cut and quarter to 50 point basis cut.

is that gyrating? >> they're probably going to cut in september ahead of the election. they may need to because the point i was trying to make earlier that with the economy weakening, even if not going into recession, they'll have to be a little aggressive what i was trying to say about the politics of it all, might be an alga rhythmic reaction to the reduced regulation and something along those lines and i don't think that this is actual constitutional trading today as much as yesterday was. liz: the vicks down 33% to 25 after having hooked a 65 yesterday. the nightmare on wall street is over for the moment. scott, sarge, great to have you both. thank you so much. a lot of investors are still nursing headaches after yesterday's market route. i know you might be one of them. maker of tylenol probably did big business and not why the stock is rallying to the top of the s&p 500 and we'll tell you

why ken view is widening its staple of grands with listerine, johnson baby products and more higher. and later the ceo of amazon web services matt harmon is here in a fox business exclusive and animal health giant zoeta stock pops, we'll talk to the ceo christine peck on how she's using ai to heal man's best friend. dow jones up 481. ♪ when the sawdust settles and the engine finally roars the thing you care about most is a job well done. ♪

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liz: there's quite a shelloff in shares of warner bros discovery and falling near the bottom of s&p 500 losing nearly 4% on this

hour on a report that media conglomerate is considering off loading smaller less important assets versus more aggressive full scale breakup and according to the financial types and facing operational challenges from years of lawsuit and debt investors if they decide to split tv and movie studio businesses and ftfc report that had the parent of hbo warner bros studio and cnn working on a bigger breakup plan and market is disappointed that they are not. wbd was formed on april 8 of 2022. look at this chart. anyone with high hopes who bought then is looking a disastrous 70% loss. well, 68%. news comes after disney, disney's popping 3.25% after announce it is raising the price of disney plus, hue hulu and esn

october 17. disney plus with ads costing $9.99 up from $7.99. no ads up $2 to $15.99 and bundles will also rise in price. does not seem to bother investors right now. disney will report its fiscal third quarter earnings tomorrow. that's before the bell. we have famed media expert light shed ventures partner rich gr greenfield with pointed thoughts on whether to invest in disney right now. that's tomorrow. set the dvr if you can't join us. he's widely followed on wall street. the bulls are tapping into molson coors saying profit rose 7.9% year over year and strong demand towards premium and mill lite and coors light and shares are popping the cap off about 6.25% and populating s&p 50 leader board.

but it's ken view grabbing top spot and surging 13.8% on track for largest daily percentage increase on record and consumer health company that you may remember was spun off from johnson & johnson last year taking tylenol, neutrogena and listerine with it and it rose unexpectedly by 1.5%. speaking of listerine, hen rye shine in need of -- henry shine in need of a deep cleaning and falling 6.5% after slashing the annual profit forecast and stock having worst day of february of last year and company sites lingering effects of a cyber attack disclosed in october of last year. from the dentist office to the vet, zoetis creating new treatment to cure chronic diseases for the pets we love and farm animals we need. ceo kristin peck is here as we explore the future of innovation and why the stock is jumping

dramatically higher and is the era of corporate wokism over? disney, anheuser-bush and tractor supply found themselves in hot water by getting too political and are now back pedaling. charlie gasparino's new book go woke, go broke and the recovery efforts in play and that's next on the claman countdown. we're coming right back. we have lots of green on the screen. we're not erasing all of yesterday's losses, but with the nasdaq up 270 points, that's a 1.6% gain. that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo.

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before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com liz: now the dow is up 585. nighs move there. we've got cat nick for zoetis investors and animal healthcare company stock hit ago five month high after it raise it hads 2024 revenue and profit forecast so now expects full year revenue between 9.1 billion and 9.25 billion and compare to the previous 9.05 to 9.2 billion guidance. this is the world's largest animal pharma company and cites strong demand for innovative products and where will it invest the rnd can i believe next. kristin peck is the ceo of the

company. if you had your pet, probably had tom type of zoetis therapy at some point if you take good care of your pets, and you better. what are the drivers enabled this hike in revenue and full year operational revenue to 11%. >> apoquell chewable and others and strong quarter across three groups. liz: talk about those and increase you saw month over month and labrella for osteoarthritis issue so many dogs have. up 142% operationally year over

year. >> yeah, so we were really led by pain franchise in the growth perspective with labrella up 142% and safe and effective making a tremendous impact in the lives of dogs and 9 million dogs treated today for oa and we only have 1 million of them and huge growth potential and 142% on the quarter and we're expecting continued growth ask it's been on the market for three years internationally, but really see great growth and we're seeing that in dermatology, which is currently a market over $1.5 billion and have a billion in cytopoint and apoquell. the blockbuster franchise and we saw the similar pair ick franchise with 22% growth and strong across all three. liz: talk innovation, you've worked with the u.s. pharma called tech site to develop the diagnostic and device that actually has a different form worked on humans; right?

>> yes. liz: and it's called vet scan imagist and there's been sudden dops of 3,000 veterinary practices in the u.s. are using this device to do what? >> transform healthcare. it can give you answers very quickly. essentially what it is is an ai-driven diagnostic that can be in a clinic and has six different indications from fecal to europe and digital cytology and your pettinari has a growth and is that cancer? instead of waiting like you do for three days and using ai on the market, have your vet go in and take some assessment out and put it on a slide and while you're still at the vet, find out what it is. it's really transforming care ask we're finding really innovative ways of using a, across the portfolio. liz: feels like that would give people a lot more peace of mind or immediacy of what to do next

and covid was in the rear-view mirror for four years, thank goodness, but the care people give and have for their pets, are you see the same number in the same volume that we saw during covid of shelter pet adoptions and things like that? >> we're seeing the consumer and pet side staying very strong. look at clinic visits and they might be declining a bit but that's mostly because people are getting their product online. if you focus on revenue and revenue per visit, overall revenue at the clinic is up 4% and revenue per visit up 6.2% and we're really seeing strong desire and more and more pet owners are young, they're affluent, and they're not having kids. their dogs and pets are their children. and there's many of us who still are going to college and aren't spending money. liz: yeah, spending on that. you have a huge farm animal business. i have to ask you about the avian flu vaccine you're developing for cat and will we've cover that had extensively here. where some of this is jumping from cattle to farm workers.

what is the status of what you're hearing on the ground, whether it's in michigan, minnesota where we've seen some of the cases and what can your vaccine do? >> obviously this is critical to the customers across the globe. we're working very carefully with them and importantly with governments and i sat down with secretary vilsack at usda and focus on bio-security and surveillance. we stand ready to produce a vaccine and done so in previous avian aught breaks and diagnostic solutions and the lead of regulators doing studies to fine out the best way to control the disease and make sure we protect both the animals and beam that care for them. stuart: take care of the animals. liz: thank you, kristin. your investors are happy and stock up 6% as we speak. see you next time. disney theatrical power seems to be back on track with strong showings from films like dead pool and wolverine and inside out 2. big, big hits. the company's recent box office smashes after a defending champion stating year where it

was absolutely pillary for what some call a woke agenda. that agenda led to proxy battle for activist investor nelson peltz and a feud with ron desantis and it was a total mess and stock up 3.6% and stretch it out and see it's recovered from the lows and charlie gasparino saw this all unraveling years ago and began chronicling disney's repercussions and other companies for his going woke in his new book outtoday go woke or go broke. he's here now as it hits the shelves. >> thanks for having me. stuart: congratulations. >> thank you, thank you. thank . listen, it's not just go woke, go broke. it's the fact that disney, budweiser, well, the holding company for budweiser, larry fink on this show, target. all these companies that went and embraced sort of progressivism in their business practices are now reversing out

of it because they realize it's a money loser. and so what i tried to do in this book is try to like sort of chronicle this. this was a big story how companies went from caring about the shareholder primarily and nothing really else to then caring about stake holders and literally embracing progressivism in the board room in various ways. dei, writ large, esg, environmental socialist government investing where you're an asset manager and you tell your portfolio company reduce carbon footprint or else. we might sell you. forcing change and larry fink, someone i admire and spent a lot of time talking to him in this book. spoke about forcing change both -- liz: at blackrock. >> no, in the portfolio companies using blackrock to do that and through environmental leads or changing board rooms

and jamie dimon, same thing and great scene in the book where jamie dimon during the height of the george floyd protest took a knee during a visit to a branch in mount kisco where everybody called him up at the time, there was no comment and saying well, looks like you're advocating for black lives matter and there are solutions to what's going on in the country, and they're like yep. say what you want. we don't care. it's a funny scene in the book when i went back to them. the people at jp morgan said no, no, he's taken a knee and he doesn't support black lives matter. that's what they say now. you have that sort of various taking a knee and i don't know why fit the picture by take ago knee.

>> if he was really take ago knee to fit a picture, they would have said it at the time. liz: this is true to your point and companies are back pedaling and ewe versus frequency sal put autothe movie twisters and a secondary from the original twister and they did no climate change discussion. it's just sort of one of these movies. >> it's selling. liz: you want to go be entertained. >> that's the problem with disney. i track what happened there, how bob got blown out and wanted to bring the company back to the middle and revolt inside the middle and the people that work at the company are very blue and in a red state and taking on ron desantis on that sexual education bill that i can chapik did was disastrous for him and when's the last time you saw a same sex kissing scene in a cartoon for children?

liz: in lightyear. >> but not lightly. liz: they backed away and understood that maybe you can make different for it it really matters to corporate culture, do it to a certain extent but when people like your product, just because it's the good product, they've probably learned that some missteps. >> people want to be entertained and not virtue signaled when they drink beer. they don't want like -- the dylan mulvaney thing afters step too far. liz: or watching an nfl game. >> that too. it's a funny read too. liz: it's funny? like haha funny? >> watching corporations go woke and doing it in such ham hanhandedway is haha funny. chik-fil-a had a moment. read all about it. liz: charlie gasparino's go woke go broke. do i amuse you? i can't wait to read it. >> you do not amuse me.

liz: largest cloud provider in the world is battening down the hatches to avoid a crowd strike tight storm from swapping the huge digital client bass and amazon web services matt garmin man is here next -- matt garman here next and how a digital sun god deity helping him do that and fox business excusive with a new ceo of amazon web services. all right, the wildly popular content platform barstool sports got a new -- its first ceo actually. erica ayers turned a pop culture blog into a global digital media juggernaut spanning journalism, podcast and more and sheparded the sale of barstool sports to penn entertainment to half a billion and all while wearing ripped jeans. how cool is she? now taking on a new effort and ceo of food 52 and recipe and cook ware site and author of

brand new book giving unbelievable suggestions for your career no matter what stage you're at. called no one cares about your career. erika ayers badan on my brand new episode of everyone talks to liz wherever you get podcasts. now we're looking at even more green on the screen. the dow is up 546. the high of the session was a gain of 746. but after yesterday's big route, i'm sure many investors will take the 537 win. stay tuned, we're coming right back. introducing new advil targeted relief. the only topical pain reliever with 4 powerful pain-fighting ingredients that start working on contact to target tough pain at the source.

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liz: big market rally here and listen to this, two weeks after software outages at microsoft and crowd strike caused a global tech meltdown, microsoft is joining crowd strike at firing back at delta airlines accusations that the tech disruption triggered 5,000

flight disruptions and cost them $500 million. a spokesperson for microsoft said delta declined multiple opportunities for assistance and ceo ed bast indian ignored e-mails to help. no matter that thing and the cause, gets people very nervous about their cloud and operations. amazon aws has now unveiled a security system to keep it is cloud free of turbulence. it can spot an average of 182,000 malware infested domains per day. and that can detect cyber criminal activity days, weeks and months before it appears on third party security provider's radar. get to largest cloud provider in the world and the man that run

it is, ceo matt garman in a fox business exclusive. well tom to the show. boy, i'll tell you, the world witness that had cloud strike glitch and got very nervous and we know that from things like tell me when you unveiled and how? it prevent this is kind of thing. >> we think about security ask it underlines everything we do and better off of everything we've built on. when we started, we always thought about how do we think about security and think about the customer security and think alaska the security of the cloud, but that's largely what this announcement is about is exposing some things we do under the covers of protecting our

customers every day and we take advantage of the really broad scale that we have globally looking at trillions of data points all around the internet and all around the world and looking for where we might find vulnerabilities and februaries that trying to do cyber crime and prevent it before it ever happens. there's many services under the covers and this is one that we've exposed and sharing with people on things that we do on customer's behalf so that malware doesn't trench into their systems. liz: tell me some things you've caught in advance that you have discovered? are these from foreign actors or sort of the bad actors tapping on the electronic walls and seeing where there are weaknesses? >> stypes they're really large things and others like phishing sites to send e-mails to customers and get bank account numbers and everywhere in between and interesting thing about cyber crime is there's so

many angles and some are trying to do penetration tests inside of systems and some are trying to do phishing schemes and others trying to gather information and they can use that information to then leverage it into other interesting systems and take over and try to take over people's systems and so building on these capables is important, but i think the scale and the surface area that you cover is equally important. so that you can try to protect against any and all types of threats like those. liz: talking about scale, aws is the biggest of the big when it comes to the cloud. you have a massive market share and you dominate over azure, google cloud and you have about 31% of the market, i guess microsoft would be next to 25% and 11% for google. tell me about your plans to continue dominance in the cloud sector. >> well, we like to think about it as how we help customers and

we step back and say how can we help customers innovate and long term that's what's going to lead to our company and our business growing even more. we think about how we help innovation and today, look, everyone in the market is interested in ai and generative ai. it's a huge area of focus for us. it presents an enormous opportunity for us to really accelerate growth as we look at years and think about innovation and think about it at all layers of the speck and think about it from the silicon layer and how we're building custom-made chips to help our customers have better price performance and build applications they never could before and give them a platform to build and customer cans build interesting applications, safe ai applications, and take advantage of the wide swaths of data they have inside of their company. for many, many years, companies of all types have really valuable data and locked away in the silos.

my vision is we want to help companies take advantage of that data so they can find new interesting ways to build their businesses and grow even faster. liz: that's what it's action. >> that's a big opportunity for us. liz: building the business, the ceo give you the nod two monarchies ago and you started and it's been going quite well. this is a sort of apples to oranges question and not the same thing but as huge as you are, we come with a backdrop of the department of justice basically winning a lawsuit against google calling it a ma notary publicly. what do you do when you are so large that, what do you do to glean the negative attention from regulators? is there something you focus upon and how do you kind of capitalize on that by continuing to grow but not so big that you then accused of being too big? certainly how this administration looks at it. >> well, look, the way we think about it is that we focus on how do we help customers and as long

as we think we're focused on helping customers innovate and help them save money, not spend more and in fact, if you think back to the last couple of years many customers focused on saving money and came to us and said, hey, the benefit of the cloud is i can scale up rapidly and can scale down if i need and right now i can use your help in scaling down and proactively run out to all the customers out there in the world and said, hey, let us scale down. let us help you optimize your environment and you can get more out of the dollars you save with us. most customers look at us with a shocked face and said i never had an it vendor say that before. you're going to help me save money and we did. we helped them lower bills and our view is as long as we're helping customers save money, innovate, and move more rapidly, we're doing right thing and we'll work together with the government on anything that they want us to work together on. liz: well, it's hard to argue against saving customers money. matt, it's good to see you. congratulations, and we'll be continuing to follow aws.

we use it here. it's a fascinating business that grows and grows. thanks so much. >> excellent, we appreciate your business too and thanks for having me on. liz: you got it. we're going to philadelphia where vice president kamala harris is set to hold a rally with her vp pick, governor walz. we're coming right back. dow is up 4 421. ♪ meet the jennifers. jen x. jen y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. . . hello new apartment. three jens getting ahead with chase.

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♪. liz: folks we have some breaking news. vice president kamala harris just touched town at philadelphia international airport ahead of his first campaign event with her new running mate, tim walz. the duo are expected to campaign together for the first time. jeff? >> reporter: i would be lying, liz, there is some disappointment in pennsylvania and philadelphia, josh shapiro of pennsylvania is not the nominee. a lot of people thought that would be a better choice. some people did not hide the disappointment. >> absolutely flabbergasted, very upset. disappointed. nobody knows him. she comes to pennsylvania to make the announcement. that is disrespect to the people of pennsylvania. >> i have no thoughts about the minnesota. i'm not sure about it.

i don't know who thats right now. >> i have fallen in love with tim walz since last week. i listened to a lot of interviews. i think he bring as small town feel. i think we need the midwest. >> he is honest. he is fresh. he is new and i just trust him that he is going to be a perfect running mate. >> reporter: liz, i don't think there was a perfect running mate but you know, some controversy there but there you go it is what it is and we go forward. liz: we sure do, we sure do. jeff, there is always somebody disappointed. jeff, thank you very much. folks we have major earnings reports after the bell. super micro, airbnb, rivian, reddit, devon energy all on deck. will earnings keep the market bouncing in motion, with 86 billion in assetted under management. ed perks is here, ubs senior managing director, senior portfolio manager jason katz.

this is fascinating to see what happened today compared to yesterday. does it keep going, what will keep that sort of motion going? >> i think you hit it on the head really. earnings has to deliver. first of all, after the significance of the decline we just had thursday, friday, monday, it is pretty typical for tuesday to see some kind of bounce and recovery but ultimately really what drove this market, those challenges still exist. we ultimately need companies to deliver on earnings and for the market to be comfortable with the overall macro outlook. that may take some time. liz: jason when you have the phone ringing and your wealth management clients aing oh, the dow is dropping 1000 points, do you say wait until tomorrow, what is your response and how have they fared with the choices you made for them? >> volume of calls and emails is probably three, four times than normal especially stewing over the weekend, right, so what i have said to them is the world that different of a place today versus wednesday.

you can ask yourself the same question today. is the world so much different today than it was yesterday. so the best move when you have such visceral reactions to news is sometimes no move. liz: yeah. you know, ed, you came into yesterday long high quality fixed income. in what form and how long is that going to work? >> yeah predominant long treasurys, long investment grade corporate bonds. taking advantage of higher yields in those asset classes. frankly we have not had those yields for some time. liz: boy did they plummet yesterday. i was looking at my stock charts, nvidia, two-day chart, yesterday it was very ugly down 6%. it is recovering most if not all of that, but etsy for example, etsy is hitting a multiyear low today. doesn't seem to be partaking that. what is that sort of message you give to investors? >> it is interesting, this rotation trade was really gaining momentum.

all of sudden it got erased. both things can be true. you can be bullish some of these cyclical, small cap, mid-cap, at the same time still be constructive on the big tech. big tech is caught down a little bit more so than small and mid mid-cap. he specially if we have a slowdown. this way you can buy predictable earnings. liz: let's talk quickly, ed. you like chevron, you like some of those energy names. we know we're getting inventory number, oil, gas, heating oil. we'll see what happens. this is a very typical time we would see oil prices rising and these names coming along with them. they are not, just as we see an escalation a potential escalation in the middle east. what is going on in the energy patch? >> one of the themes we have right now you want to focus on best-of-breed. we do view chevron as best-of-breed so we've seen a pullback. earnings were a little bit of a disappointment but the shares reflect that today.

we think you look forward one to three years a lot of their projects can deliver and are tested to return to chevron at actually lower oil prices. we think there is a little bit of cushion baked in. can we predict oil prices tomorrow, next week, next month? no. when you pick stocks you can focus on intermediate. liz: everyone asks for predictions. jason next week we're getting economic information, important data for the consumer. if this number comes in weak will we see another day like yesterday. >> you very well could. a few data points doesn't make a trend. every one has the foregone conclusion we'll have a recession. the jury is way out on that. i think above all the fed, missed a golden opportune the next go round has to step on the gas to do 50. [closing bell rings. they should have done it in july. liz: no they did not. the dow way off its 746 point gain. we'll see you tomorrow