and i think it's going to resonate. people are ready for an uplifting approach, charles. charles: we've seen some socialists lose in the last election cycle, a lot of democrat socialists. at least three or four of them on the congressional side. >> right. charles: warren's a big target. do you think you can really pull it off? >> i do. listen, former governor charlie mason was running last year, i'. i'm not governor baker, i don't have the name recognition, but john deaton for senate.com, they can help me -- charles: say it one more time. >> john deaton for senate.com. i can win this race, everyone. please, help me. we're going to defeat elizabeth warren. charles: i'm so glad to see you wearing your sneakers -- >> inspired by you, my man. charles: scott brown, don't -- never forget scott brown because it is possible for a republican to win there. >> absolutely. charles: now, what are we going to do in this last hour of trading, liz claman -- liz: oh, you're leaving it up to

me? charles: also. -- always! liz: we'll see what we can do. folks, sentiment on wall street right now is spanning the cautious to mildly suspicious spectrum as we kick off the final hour of trade. take a look at the dow jones industrials. while it's down to 175, at the low it was losing 455. s&p down about 1 is points, it had been down 39, but it was also up 26 points, so we've been in and out of the green here. check out dollar tree regarding the s&p. interestingly, after getting totally slammed yesterday by 20%, the largest decrease in 23 years, the discounter is the s&p's second best performer. it's moving higher by 6. and it's also on the nasdaq 100, it's the nasdaq 100's top stock. best performer right now. so as a you see it moving higher by 40 -- well, that's the nasdaq up 47 points, let's take it to the dow heat map. so you can see that the losses at least today aren't just like they were the other day, very,

very specific to the chip sector, now they are broad-based. we have just six names right now in the green as far as the blue chips are concerned while amgen, unitedhealth and coke coal la lead the retreat. coca-cola. let's simplify this as you with look at those three. the dow jones industrial average is price-weighted basically meaning stocks with high her share prices are given greater weight in the index to to move it either upper or down. unitedhealth group is a $59995 stock, it's -- 595, it's down 1.5%. any $1 move in any of the dow components results in a 6.5-point swing. so unitedhealth's loss followed by goldman and microsoft because those are 44-handle stocks -- 4-handle stocks, those are in the red and contributing most to the downdraft. but from 30,000 feet, what is at work here? well, this morning investors got kind of suspicious after the adf

private payrolls report for august, the precursor to the government's monthly jobs report that comes out tomorrow at 8:30 a.m. eastern, it came in way light, 99,000 jobs were created versus the expected 145,000. that's the fifth straight month job creation has slowed. but wall street got increasingly suspicious because july's adp number was downwardly revised from 122,000 to 111,000. fresh jobs data now have so much more power these days to move the markets because labor numbers are now the best indication as to whether the economy is slowing at a reasonable or more worrisome pace. that means tomorrow could be a huge day for the market. so let's get right to the floor show to game it. it's -- let's call it the snuck and tuck -- nut and tuck floor show. alan knuckman and peter tuchman. we all end with man on our

names, so, peter, the numberers crunchers say the economy added 160,000 last month. we all remember what happened in july when the jobs report whiffed and stocks tanked on the news. how are traders on the floor of the nyse girding for tomorrow? >> so, look, i think it's really important to note what happened on that last report. we had had a very weak federal reserve meeting on wednesday. thursday, the numbers came in looking for 1377, we came in ash a 177, we came in at 114. we set up for that perfect storm weekend where you had the the japanese stock market crash and we came in on that market and we were down 256 handles. so that labor number kind of got lost in it, but it was the catalyst to that big, perfect storm, that big selloff we saw the last time. these numbers are sort of -- they're sketchy, at best, in my opinion, because they're always adjusting back and forth but it sets us up for all of the anxiety that the market is

setting up around the labor markets coming in tomorrow because the market has been fragile ever since that last report. liz: but, peter, you see the flows on the floor ahead of the report. are you seeing any interesting moves on behalf of people buying and selling in the middle makers, the middlemen there? >> you know what? the way the market trades these days, it's really hard to identify that kind of action in the name. you started to talk about the divergence between the dow and the s&p and how the independent weighting that happens in the dow which is a list of a significant instrument, then the s&p 500, that's why we'll often see obviously with the magnificent seven can really make the s&p move while the dow can be really adjusted by unh, by pfizer, by some independent name, can completely skew the dow jones industrial average. if. liz: yeah. you know, we should look at some of the leaders and laggards here because, alan, this is a broad-based rally. unlike the other day when we saw

nvidia down 9, 10%, that knocked off more than $270 billion from the market cap of that company in a single day, the most of any if u.s. company ever in history. and all the other chip makers fell. the sox was in distress. today it's just kind of everybody middle around or slightly lower. >> right. well, the toughest thing is to predict profit taking, and what peter was referring to, what happened in august was purely period of time if taking. but for me -- liz: you mean -- >> -- as a market watcher? liz: july or august? >> yeah, back in august. liz: okay, august 5th. >> so what we're keeping an eye on is how do markets react. and the fact is we had a 10% rally and got within this close of the all-time highs just last week before we saw another profit-taking round on tuesday. so it's the impossible to predict how the market's going to react to the jobs number, but these numbers are less outstanding. they're still outstanding, but they're less outstanding, and

that gives the fed permission to cut. cuts are coming, and that should be bullish. but we have to the also be aware that that may be part of the reason we are in the position we're in. is that going to give people some excuse to take more profits. because almost everybody is in profitable position unless you just bought in. you've got all these built-up profits and then greed comes into play. liz: can you agree, alan, that the next rate cut, if it does come but it's widely expected in a week and a half or two at the next fed meeting, will be 25 the basis points? but you're saying there's a 75% odds that one of the next three will be a 50 basis point cut. so, i mean, which one? is that november? december? [laughter] >> that's what the markets are telling us. but, again, the most important thing -- it's not my job to make money with these parlor games, picking which one's 50 or 25. you make money predicting how the market's going to react.

we're in a bull market. the vix is down, the dollar's down, interest rates are down. we've got inflation down. so all of these are pretty immovable forces unless there's some catastrophic number or sentiment shift, you know? we should see how the markets react. now, there might, again, be some profit taking after this fed rate cut because it's been so widely expected. then people look on to what's coming forward, and that's what these mark9s do. they look -- markets do. i still see us in a very, very bull market. if we can hold 5500 level where we stand now, we've tested it a couple times, a breakout of those highs should see a nice quick move to 6000 or close to it. liz: hey we're only 6 points above 560 for the s&p -- 5600 for the s&p. peter, if anybody is a risk taker, it's you. i ran into peter tuchman at the top of the vail back bowls.

so take a risk here, tell me right now, are we going to see a 50 basis point cut in november, december, maybe september? is. >> i agree with alan a, i don't think it's a matter of whether it's a 25 or 50. there may be a 50 coming up. i think we need to analyze the fact that 10 days ago the market was trading at record highs across the board on every indices. has anything fundamentally changed since then? absolutely not. so this is just the way markets go. liz: okay. >> think about how, think about the move that nvidia has made over the last year. so it makes sense that the -- >> ten years. >> -- that the stock is going to pull back. when it pulls back, it's going to have the kind of move it had because it went from 180 toin pen 2023 to 900 a year later. it makes sense that when it finally rolls over, it's going to have that kind of what appears as a catastrophic move, but it's not. it's in line with what's going on in the market. liz: yeah. nvidia right now at $107. i believe on august 5th it fell

to 99. >> nothing has fundamentally changed. liz: rightful well, you never know -- >> and there's gaps up above. [laughter] there are gaps up above in the charts to fill in nvidia. i would not say it's over. liz: okay. all right. >> i agree. liz: i would not say peter's skiing life is over either the way i saw you ski, peter. [laughter] great to see you both, thank you so much. ev company chargepoint losing it spark, we're going to tell you why next. we'll also take a look at the tesla shares which are going a haywire, really high right now. and a fox business exclusive, ahead of tonight's nfl season-opening kickoff, minnesota vikings' owner and president mark wilf is here to talk the finance of football and whether he's game to let new investors buy a chunk of his team. yes, the nfl says they can now do that if they so choose. "the claman countdown" coming right back.

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ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring on the good stuff. liz: fox business alert, take a look at tesla shares muscling their way to the top three best performers on the s&p9 and the nasdaq, gaining 4.5% right now. ceo elon musk promising today that the ev maker will be ready to launch full self-driving cars in china and europe in the first half of next year pending regulatory approval. but a key component of the entire electric vehicle network is losing charge at this hour. chargepoint getting drained after revenue fell 28% in the second quarter. the ev charging company shares down 17%. they also posted a weak revenue outlook for the third quarter and announced they're cutting the work force by about 15%.

that equals give or take 250 jobs. 250 jobs, yes. chargepoint expects to incur about $10 million in restructuring costs. let's look at shares of chinese everybody v maker initiation o on the other hand going into overdrive, up 13 if.5% and climbing after the company reported that a revenue grew 99% year-over-year to 2.4 billion. nio also posted a narrower than expected loss in the second quarter and saw its vehicle margins improve from 1%, listen to, this, all the a way to 9.7%. other chinese ev makers, xpeng up 4.5%. zekeer, up 7% and li auto up just under 1%. copart is up for auction. this is the stock the of the online car auction provider. having its best 1-day percentage increase earlier, decrease, rather, since march of 2020. copart reported a drop in net

income from a year ago but saw revenue rise 7.2%. it's getting no credit for that. right now shares down about $3.53 to $49.522. let's go from cars to planes. jetblue investors looking skyward with after the airline raised its guy dance for third quarter revenue -- guidance, attributing itself boosted outlook to favorable fuel prices and a lift in july bookings. shares are getting lifted 7.25% right now. still at about $5.40. other airline stocks, it's a mixed picture with united and american moving higher, delta airlines down just urn a quarter of a percent. israeli prime minister benjamin netanyahu pushing back on the biden administration's claim that ceasefire negotiations with hamas are, quote, 900% done -- 90% done. what does that mean for the remaining hostages being held under horrific circumstances? we've got a live report from tel-aviv you cannot miss.

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liz: we've got breaking news out of israel, prime minister benjamin netanyahu saying there is no ooh deal in the making when it comes to a ceasefire with hamas. the biden white house believes the agreement is 90 to % complete, and he says it's not. the israeli military keeping up the pressure on the iranian-backed terrorists with overnight airstrikeses in gaza. the war is now in its 11th month following the deadly attacks on octoberth when concern 7th when hamas terrorists slaughtered 1120000 mostly civilian -- 1200 people. hamas ebbs cuted six hostages just as they were about to be rescued. why would the administration believe a deal is close of after hose murders? >> reporter: well, yeah. and and it's a big part of the

reason why we're seeing so many people here within i israel out in the streets for the last couple of nights protesting. they are pushing israeli prime minister benjamin netanyahu to make some sort of deal to bring the remaining hostages back home. in fact, tens of thousands have been out in the streets over the last couple of nights. basically trying to to push the israeli government to figure out some sort of deal to bring the remaining hostages home before many more are killed in hamas captivity. but while speaking to fox news, israeli prime minister netanyahu threw cold water on any hopes that an agreement could end the war and free the hostages is close. netanyahu is determined the keep troops along the stretch of land between egypt and gaza known as the philadelphi corridor. the prime minister today on fox news said that that isn't the specific reason that's holding up the deal. >> hamas is not there with the deal. there's not a deal in the making, unfortunately.

that still hasn't happened. they want to reconstitute their terror kingdom, and unfortunately, it's not close. but we'll do everything we can to get them to the to the point where they do make a deal. >> reporter: now, white house officials tonight, in fact, are, pushing back on netanyahu's claim that they aren't close to a deal. they do anytime that the discovery is -- commit that the discovery and recovery of those six hostages who were killed in hamas activity complicates the efforts. they believe the basic framework of a deal has been agreed to by both sides. it's really now trying to get the details worked out between both israel and hamas. back to you. liz: jeff, there were, rocket attacks earlier today, e believe. anything right now as you look at the sky above you? >> reporter: yeah, it's been quiet here. i mean, we tend to see things in the north really escalate from time to time between iranian-backed forces hezbollah and israeli forces. but as far as tel aviv goes, and i've been here for the last

almost six weeks, and we have yet to have a siren go off, any sort of warning on our phone. but it is worth noting that hamas does continue to fire rockets from gaza into areas near the gaza-israeli border and, again, hezbollah almost on a daily basis when it's rockets, whether it's drones, there is still that back and forth between hezbollah and israeli forces. liz: yes. and they've promised more suicide attacks. it just makes you wonder how could we be 90% there? we'll hope for it, but we shall see. jeffing thank you very much. jeff paul live in tel aviv. let's shift gears. turns out the mouse house needs better security in cyberspace. the "wall street journal" reports that the hack disney suffered earlier this year by a group called no bulge gained access to more than a terabyte of data. the bad actors leaked the info online which included theme park sales, disney+ if revenue, passport numbers for cruise workers and more. the hackers were able to the

infiltrate workplace tools and access 44 million slack messages and over 30,000 files when, at a time, even the biggest companies in the world are vulnerable to cyber attacks, cloud security firm zscaler found the top targets are seeing huge spikes in nefarious activity. energy hammered the hardest, seeing a 5000% increase followed by the -- 500% increase followed by the tech sector. health care, 126% more and manufacturing more than 93%. and the united states, aren't we lucky, is the most targeted nation in the world. nearly 50 president of all attacks -- 50 of all attacks target american companies. let's bring in founder and chairman of zscaler jay chaudhary live in studio. good to have you here. this doesn't make sense to maine at very time where these attacks are increasing exponentially, we're not seeing companies dive in to make shower they are more

secure. first, let's talk about the do disney if hack. what do you know about it, and how does a company prevent something like this? >> whether it's disney or some of the health care companies, they have the same open, same playbook. they find it, attacks are faced. they get in, they move laterally, they find high value data, and they take it out. the challenge is hackers are moving at a faster rate. inertia is a powerful thing. hackers have no inertia, these bad guys. i think we need to move faster, to the embrace better technology the rather than depend upon same old 30 years old technology. liz: july, z kaler -- zscaler's threat labs found that a fortune 50 company paid out $75 million to a ran ransomware group just so they could reclaim their operations. first of all, who was it?

>> i'm not sure i should be naming the company. the group was dark angel. liz: dark angel. >> right. but the company remains anonymous. liz: okay. can i just jump in here? the fcc instituted a new rule last year that said -- sec -- said publicly-traded companies have to reveal in sec filings. disney just revealed last month about its situation, so can we assume it's not publicly-traded because we haven't heard about this? >> i'm not sure. my c suite and i talked about it. the c suite said is i won't even disclose the name because we shouldn't be. liz: okay. but it's a fortune 50 company. >> that is correct. liz: was that a bad idea? they're being shaking down -- shaken down, and the more you play these ransom, the more they get emboldened. >> agree. you see some companies not being able to do business for weeks and is weeks at a time, so they make a judgment call, should i

be out of business for three weeks or pay x million in dollars and move on. either way, it's a bad situation. i think the better situation is companies get more proactive, they start embracing zero trust architecture where you trust no one. hackers can compromise you to a given server because they stole your pass worst, but from there, they can't move laterally. that's what we have been advocating. zscaler pioneers architecture to ten our customers. liz: how much of the fault is that everything's in the cloud now, everything's up there swirling around, all the data, so there are areas where these hackers or can chip away and enter through cracks. >>s it's only part of it, but in the cloud there are lots of good security measures too. i the we start the comparing cloud of today and the security we had in data centers ten years ago. ten years ago the online business was limited. there are not that many attacks. if we did not have cloud, we

would still have a lot of these attacks even in the data center. liz: even so. >> even so. liz: okay. you know, zscaler reported fiscal fourth quarter results on tuesday. you beat on both the top and bottom line, but the stock took a hit because, basically, you fore the cast a slowdown with customer spending. what is behind it? because when you start seeing these threats increase, you would think they would allocate more money to fighting them, but they're pulling back. is that a broader economic macro picture? >> so our stock impact wasn't because of slowdown in spending. it was because the forecast we gave 919-20% -- 19-20% which the street expected, it met expectations. but the first half growth in billings was lower than the second half. and if first half was lower because of historic reasons. when in fiscal '23 the macro conditions hit those multi-year contracts have us if call implications.

so -- fiscal implications. but we are feeling bullish. our customers are actually spending good amount of money with us. our business is growing. liz: well, somebody broke up today -- woke up today and said in fact a buy, so the stock is up 3% at the moment. sitting in that chair, just last year dan ives of wed bush came from washington, d.c. straight from the if airport a, he sat there and said i am picking skype cybersecurity or as the big growth opportunity because he just heard from a lot of government offices they have to ramp up spending. >> yes. liz: tell me exactly what you're seeing from government spending. >> so government spending is overall pretty good. if you look at all other areas of spending in i., it's the highest -- i.t -- it's the highest spend, tell rell eli speaking. cybersecurity is either number one or number two. competing with aim if l. now, if you can't justify spending with some cost reduction, it becomes hard.

when zscaler goes in, we kind of say we improve your security, but we can take all these legacy products and save you money. then the deal gets done. that's how zscaler has been doing business. liz: really quick, a.i., you and i have talked about how the bad guys are using a.i. right now i'm interested in how you are using a.i. to actually increase the opportunity the catch the bad guys. as i understand it, you use 3 trillion customer logs weekly to train artificial intelligence? what ab contact -- exactly are you doing with that information? >> in fact, those numbers are growing up and up. recently we're doing half or trillion transactions per day every day. liz: wow, okay. >> so all those transactions are communication logs. before anything bad happens, the are are reconnaissance takes place. liz: yep. >> since we are like a switchboard, like an airport, we can see who is trying to do what. but the volume is so high, that you can only do so much.

liz: the human eye isn't going to sit there and say, oh, look over here. >> exactly. we're able to feed it to our aimf engine and detect things better. my next favorite program service we're working on is breach prediction. predict a breach before it happens. liz: will you come back when you're ready for that? i really want to see that. >> that would be wonderful. we'd love to do a demo of that. liz: let's do it. jay, thank you. >> thank you so much. hawaii e liz what a difference a year makes when it comes to mortgage rates. they have fallen ahead of the federal reserve's widely expected cut in interest rates later this month. what does that mean for buyers, sellers and renters? one of the nation's leading commercial and residential real estate developers, billionaire mark mark wilf, is here on that. and, oh, by the way, he's also the owner of the minnesota vikings, so we'll ask him to game out the team's prospects as the nfl season kicks off tonight. it's a fox business exclusive you don't want to miss. say tuned. dow down about 174 points now.

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liz: fox business alert, we've got the current interest rate on 30-year fixed mortgagings right now. 6.43%. and while up the basis -- the 2 basis points since last week, it is a far cry from the if 7.56% in rates new home buyers were facing last september. while the real estate market is looking forward to a highly-anticipated rate cut in less than two weeks, those high interest rates that have been in place for more than a year have had a ripple effect on companies building apartments. according to costar, apartment if unit starts came in at a 60,7000 in the second quarter of 2024, thatless less hand half -- that's less than half from the year before. the reason apartment starts are slowing down now is changing. builders are now banking on rate

cuts pushing people more toward houses rather than rental apartments. joining us now in a fox business exclusive is the principal of garten homes which owns and operates one of the the large commercial and residential real estates in the united states, and he also happens to be the owner and president of the minnesota vikings who kick off their season this sunday existence the new york giants. you've -- against the the new york giants. you have got to be so excited. >> very excited. liz: is it as exciting for the real estate market right now? what about that? "the wall street journal" has indicated that a lot of builders are slowing down their projects when it comes to rental units because they see rates are coming down. >> well, there is some truth to that. but for us, as far as the rates go, we're bullish on the rental market. we feel there's a growing trend the of people wanting, young people particularly, wanting freedom, flexibility, large units in prime locations will still rent. but ins some truth to that -- there is some truth to that

trend. we're very strong in the top markets and near transit. people with young families as they grow, they can rent. that's a trend we're capitalizing on. liz: there is a huge shortage of rental properties, isn't there still? >> there is. it's still, like i said, people -- there's a large segment of the population that really wants to have the flexibility and the freedom to really have that offense. liz: you just broke ground on a new rental community, right? in new providence, new jersey, over the summer. what do you plan for that? >> that's going to be a beautiful project in new jersey, a little under 200 units. but again, that's one of dozens of projects we're doing, so we're very active in a lot of markets, and we feel very strong about the possibilities of rental. liz: i mean, six months ago, a year ago you and i were sitting here talking about the cost of materials, the inflation. has that come to down? >> there's still some inflation, but it has settled off a bit. again, it's a good time for construction. again, there's going to be opportunities for people. the market, if you have large

units, oversized with real good amenities, i think that's something the market really is demanding, and we've seen that in the products we've built. liz: a quick question about commercial. so everybody says the office space is a disaster. if i was out in california talking to a real estate guy, and he said that's where the soccer ball is. where it is going right now is that we're very near the bottom, and people are scooping up office properties because they are so incredibly cheap. what are you seeing? >> there is some of that as well. again, you know, the education press -- expression location, location, location. in the right markets, there is a bottoming of it, and there are opportunities in terms of buying office buildings on the cheap or maybe even having them be residential conversions. there's always a possibilities and, again, if you're in the right locations, in the right markets the population wants to be there. liz: well, the population in minnesota wants to be at the strike isings' game. [laughter] oh, my -- are you excited? the nfl season kicks off

tonight. what's different this year? >> well, a lot's going to be different, and i will tell you the kickoff will be, certainly, right off the bat -- liz: talk about that. new rules about the kickoff. >> well, a lot of work went into that, a deliberate process. all the owners and coaches, all the special teams coaches spent over a year developing this kickoff plan. and i think fans are going to be really -- they saw a little bit of it mt. preseason, and it's going to be a great place. liz: 21 of the 22 players on the field will not be next to the kicker, he'll be on his own. >> that's right. you'll have a lot more returns this year. i think for the fans it's going to be exciting. and also a safer and healthier play. liz: we want to see quarterbacks connect with receivers. speaking of which, let's talk about j.j. mccarthy. [laughter] your quarterback, he's the rookie, right? he's out for the season, sam darnell coming into the league as a highly touted prospect. >> that's right. well, sam darnold's been around

the league for a long time, and under coach o'connell, we're excited about our offense and justin jefferson, of course, other receivers we have. but on the defense, we picked up a lot of players as well. viking nation can look forward to the season ahead here. liz: viking nation is appreciative, i think, of you guys because you are now in your 20th year of ownership, is that correct? >> hard to believe. it's such a privilege and honor to be stewards of such a historic franchise with a great fan base. we're just excited for the future. liz: what about this new plan that the nfl has said it will allow private equity to take up to 10% ownership of a team that other owners already have. are you interested many in letting outside investors in? >> not necessarily for the vikingings, but i think it's a great thing for the league. it's been a deliberative process. the ownership structure's not going to really change, but it's the an opportunity for different clubs to be able to have the funds to reinvest and make the game better for the fans, so i think it's a good thing overall.

liz: you're going this weekend, obviously. because he's a jersey guy, everybody. they got that opportunity the buy -- >> well, we're playing in jersey this weekend. liz: i know. is exciting. oh, my gosh. the giants -- >> there's nothing like this time of year and football season coming on, so we're very kite anded. liz: bad luck. thank you so much. and may your quarterback stay healthy. all of them. >> amen. liz: that was a problem for a lot of teems -- teams last year. thank you so much. >> thank you. liz: donald trump outlined a raft of economic proposals, just a few blocks from here during his speech in new york city if today. we've got a live report from charlie gasparino who was lurking around and hunting for scoops right there at the speech. that's next on "the claman countdown." don't go away. ♪ ♪

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liz: breaking news, for a second there, the nasdaq dipped into negative territory. it's right now in positive territory, but it's just you can see on the far right part of that, that chart right there. in and out. it's very close to call here. s&p is down 24 points and the dow jones industrials down 253 points. we've got breaking news american voters at this hour have details

from one of the presidential candidates on plans to strengthen the economy and bring down the deficit. at the new york economic club today gop president st. louis candidate donald trump claimed the country has an economic disaster on its hands, an click "catastrophe" while contrasting his economic plans with those of his 2024 opponent kamala harris. trump discussed creating jobs and increasing american manufacturing, global tariffs, taxes, housing, interest rate, developing an american sovereign wealth fund, and taking advantage of the nation's vast natural resources. >> we have more liquid gold under our feet than any other country including russia and saudi arabia who will be using it. my plan will cut energy prices in half or more than that within 12 months of taking office. liz: mr. trump also claiming that the country will see a fashion all economic renaissance

if he's re-elected in november. let's get to charlie gasparino live at the new york economic club in new york city. so were you sneaking around trying to listen in on people's conversations? what did you make of the remarks and the reaction? charlie: the remarks were interesting. they were long. they were detailed. what i found really interesting about this, liz, is that he unpacked his economic plan in great detail. i mean, we got grand you harry reed detail finally from a presidential dandy date. we don't get that from kamala harris, not yet, anyway. he also in pretty granular detail went through bidenomics and the stuff that harris has supported, at least in the past. we still don't know exactly what she supports now. i found that that sort of, that contrast really interesting. that the republican candidate for president knows more about the kamala harris economic agenda particularly that she supported over the past four years, than the democratic president has been able to

articulate so that's one thing. listen, it was received very positively. this is kind of a global crowd if you know the economic club of new york. the setting here is in front of cipriani's on 42nd street across from the grand central station. these are globalists. they probably aren't too warm about his tariff idea which is 10% across-the-board. he gave a maga speech about tariffs and the need for tariffs to repatriate jobs back to the us. however i think they accept it as a price of doing business, and because we went through all of the ways he's going to be cutting tax, cutting regulations both the corporate tax, in sent evers to bring jobs back to the us. when he put all that together, you know, everybody at my table was very positive. other tables were very positive. most people were pretty positive. again, they aren't big fans of tariffs, because this is again a free-trade crowd but they will take it as the price of doing business compared to what is being promised on the other

side. i do get the impression that he's going to go full-on at least at the debate on economics. he thinks he has an opening with harris since she's been very 30,000 feet, what has been leaked out is very weird stuff about, you know, unrealized capital gains taxes and stuff like that. i mean, he's going to go after her and probably try to pin her down on specifics, and try to score some points at least that's what i thought. i also found it interesting he did not mention election denialism once. he didn't go there, so if this is what we're going to see going forward, this is a much more disciplined donald trump particularly focusing on economic issues and of course crime. kamala harris has supported defunding the police in the past. she said it. the migrant issues, she was the border czar. we have a massive problem down there. he made some interesting comments about, you know, in venezuela they are all coming to new york as migrants releasing their prisoners and people from

insane asylums and because of that, venezuela is safer than new york city, so next year, they will probably hold the speech in curacas, where people will be safer i thought it was a funny line, but -- liz: funny but not true. charlie: a disciplined speech by donald trump. liz: we walk around new york city, you and i all over the place, so i mean, look. listen. it's a great line too, but what about his comments on coal, charlie? he talked about how the democrats have wanted to push coal away but if you look at red states, utilities that are in red states, they've moved beyond coal. they are going with natural gas and other cleaner forms, so i don't know how he gets them reverse that. charlie: well, i don't think he's looking reverse that. he just doesn't want to kill it is basically what he said. he will open energy exploration. he kind of hinted at nuclear power. he didn't quite say it. he said reactor s of all types

he would like. he made a great point here and this is what people forget. because we're in this economy and culture where electricity means so much. a.i., crypto, you name it. it's going to put immense pressure on the electric grid. the last thing you need is a president or a party running government that's going to stop us from drilling. stop us from using nuclear power. cut us off from coal. to me, the economy shuts down based on where it's going with the electric grid, which is such an important part of our lives. we do everything on this because of that electric grid. you need to figure out a way to finance it somehow and that was a very strong point he made. liz: charlie thank you. i hope the lunch was good. chipriani's always great, right? good bread. thanks for bringing me back your leftovers we'll see you thank you very much. closing bell ringing in three minutes. markets are mixed ahead of it

but mostly in the red, ahead of tomorrow's all-important august jobs report, but in the meantime, we're just a few minutes away from broadcom earnings, the chipmaker is expected to report revenue of 12.97 billion on adjusted earnings per share of $1.20 for its fiscal third quarter versus year ago results of $1.05 per share and 8.88 billion in revenue, so a big jump here. as we wait on those earnings, global investment senior portfolio manager thomas martin wants to introduce you to his semiconductor picks. let's go for it. let's hear them, thomas. what do you like, if not broadcom? >> well, we do like broadcom and so we're on pins and needles with everybody else waiting for this earnings report, and we like nvidia, of course those are really the two big chip a.i. plays and, you know, nvidia is well off of its highs in here and so is micron which is still

the memory part of that a lot more than nvidia but we'll be playing a big role there. i mean, look. the infrastructure that is going to run these programs just keeps on having to get more and more sophisticated. in order to realize the promise of a.i., these large language models have to continue to get larger. there is some talk about them being optimized, but they really just need to have more and more computing power, and that's where companies like nvidia and micron really come in. liz: yeah, and you like vertiv, and there's a relation too. i'm just looking it's up 5 #% 5, over the past year 95% you're not worried about buying so high? >> well, actually, i'm interested in buying because it's off of its high by so much

and yes, it has gone up a lot year-to-date, but you're getting a buying opportunity here and that's part of the data center infrastructure and cooling of it which is all going to be needed to run these massive racks and chips to do it. we're going to need the energy and the energy efficiency and the equipment that goes into these centers. we're really at the beginning of this. liz: thomas, thank you very much for sharing your picks with us. we appreciate it. all right, here comes the closing bell, folks. we have the dow down 235 points off the lows of 455, s&p down 20, nasdaq is holding on to 29 points of gains. >> [closing bell ringing] liz: tomorrow we'll break it all down with ceo alan figeson and robert redkin. larry: hello folks welcome