chips, nuts, fruit, cookies? ashley, your first. ashley: you have to go with my major food group which would be cookies. stuart: major food group. lauren: i think the answer is nuts. i'm going with nuts. stuart: i'm going with chips. let's reveal please. it is cookies. this is according to a consumer survey 59% of people who eat snacks once a week 8 cookies, those popular time to eat snacks is 8:00 pm. lauren: 1 kind of cookie? oreos, chips ahoy? stuart: shortbread cookies. it has been a great week. thank you for all the help. in three seconds david is going to appear. david: have a wonderful weekend. welcome to cavuto

coast-to-coast which i'm david asman. markets taking the steep downward turn after weaker than expected jobs report. edward lawrence at the white house to dig into it all. pretty underwhelming, wasn't it? >> reporter: it was. a clear indication the labor market is now cooling and you can see the trend in critical areas like manufacturing. manufacturing lost 24,000 jobs last month, the trend in manufacturing is showing a loss of 11,000 jobs a month in the last few months. under president biden advice president kamala harris manufacturing created 147,000 jobs after adding back the jobs temporarily lost in the pandemic. julie sue blamed donald trump for the manufacturing trend adding they need more time to show results. >> the trend is going the wrong way in this. >> i have traveled to communities that were devastated by the lack of

investment in the last administration. the governor of illinois, they say in 2019 they were promised things that never came to pass. >> reporter: weakness in manufacturing, loss of jobs in retail. the office jobs report shows part-time workers increased by 527,000 while full-time workers decreased by 438,000 last month, that something the federal reserve is also watching. >> we are seeing a consistency, we want the economy to be in balance and stay in balance. that's important for achieving maximum employment. >> reporter: this report puts a 50 basis point cut in the discussion but from the talk i have been having with federal reserve members it seems a 25 basis cut is more likely, the discussion will settle around a

25 basis point cut at the next three meeting this for this year, the rest of the meetings, two cuts this year's where the discussion will be. david: the 50 basis point betting happened after the report but still under 50% but just barely. thank you. let's bring in big-money show cohost brian brenberg to react to this report. we heard that comment, we were like what? they are still blaming the trump administration. emphasize the administration is bragging about renaissance in america under their tutelage manufacturing jobs were down 24,000, only up 1000 in july and down double digits in june. brian: give us more time is what she said. another 24,000 jobs down next

month and the month after that. interesting report. one reason is we are seeing the softening of those headline numbers. the downward revisions to july and june and every month except march and the average of those jobs floating around 100,000 jobs a month. that is close to us and that's what the market is looking at and saying -- david: without doing what greg that feld can do on his show, what the heck moments, 51,000, negative 61,000 for june, the total for june and july was down 86,000. i know people like michael falcon under, willing to forgive these revisions because

of the pandemic but they should have straightened that out. david: it was doubled down. what is happening is about that is saying they want to be data de-pendants when they look at interest rates but they are getting data like this and can't use it the first month they see it. i was trying to make the decision between 25 and 50, i am seeing an august number of one hundred 42 but i know that's not right. how much further is going to go down, they've got to make a decision now, they don't have good data right now. david: i borrowed this book from larry kudlow's office, this is kevin hassett's -- he has been saying we are drifting into recession despite the soft landing talk. if that is true and at the very least we are softening but if we are heading into recession, what these two candidates offer

is of great significance. kamala on the whole wants to increase taxes, trump on the whole wants to decrease taxes. going to recession the last thing you want to do is didst incentivize business by tax increases. brian: got to give people a reason to get back at it and you are right, trump, we saw yesterday at the economic -- all he's talking about is anything we can do to get you to build, to work in the united states, do it here, do it now. kamala on the other hand trying to borrow what she can from trump but you know her agenda, more regulation, more taxes and if we are moving into a recession, there couldn't be a more significant distinction between what is on offer -- david: i am sure you brought this up with your students, obama came in in the 2,008-two thousand ten recession. he did exactly the wrong thing, he raised taxes, raised, increased regulations which is

another kind of tax, disincentives for business growth, the result was the worst economic recovery from a recession since the great depression. brian: you get a ton of regulation under obama, 2, a ton of spending, small compared to the spending we are doing these days but back then it was big spending and the economy didn't respond, we didn't get job growth, people were sitting on the sidelines and everybody at that point all the smart guys says it is because america can't grow anymore. that was the obama line, the great stagnation and another car comes along and says i think we can grow. brian: we heard that in the late 1970s. one specific, final question, one specific on what trump came out with, the corporate tax plan. he wouldn't raise corporate taxes like kamala wants to raise them so they stay at 21% but but but, as larry kudlow would say, if in fact you by

american we will lower your corporate tax rate to 15%. there's an incentive to buy american but you are not forced to. or still free to choose. some people have to buy a broad. we mentioned upstairs if you are importing french wine -- brian: david can't do anything but french wine. david: they are not disincentives, just incentives. a positive way, expansion of the freedom of choice for business. brian: you can expense things right away. what he's using is a huge carrot to say this is the best place to do business. it's all a big negotiation. before he is even elected, at the end of the day what he wants is growth which is what you need when dealing with a recession. david: growth with freedom of choice, not the government telling you what you have to do but your choice, you can make it.

i am tossing you at one:00. that this guy hang on, your show comes up after this. it is one thing for candidates to have economic campaign platform but quite another thing to have a recession on your hands if you win the election. here's what the candidates have to say about their take on the economy. >> an opportunity economy is one where everyone can compete and have a real chance to succeed. i want to see 25 million new small-business implications by the end of my first term. let us be clear, billionaires and big corporations must pay their fair share in taxes. >> an economy in crisis under the policies of my former opponent joe biden and my new opponent, kamala harris, kamala harris wants to sacrifice our wealth, kill the economy and

drive jobs overseas to punish businesses. david: let's get the read from our all-star panel. the phrase is thrown around a lot but these guys are the best of the best, no question about it, to discuss the state of the economy and consumer trends. joe germanata, what a pleasure, you are not only great men in your business life but i know you both very well. i go to church with joe and i go to dinner with zane. let me start with you. >> you go to temple with me if you like. david: wouldn't mind that at all. you just sold your appleby -- you had how many? 30? you had 40 applebee's, that's quite a holding. first of all, glad you got out when you did and secondly what do you make of this overall economy based on what you saw in the job numbers? >> glad i got out when i did

except i miss the people in the mission which was to be the best restaurant company we could be but i'm glad because it is a very very if a mac economy, totally consumer reliant, 69% of the total economy is driven by the consumer so it is showing early on signs of softening, weakening, walmart sales down, home depot is down, credit card debt is through the roof at 1 trillion credit card defaults. we see these early on signs, road signs, where you drive your car, i would park for a little while. david: unless you want to sell your business, maybe zane mrs. the restaurant does this. >> i asked if he wanted to be a partner. david: people are still eating out. people still have that post pandemic push to go out and enjoy themselves but do you see it slowing down at all?

>> this was the worst summer we have ever had. 50% off last year. i'm seeing more credit card business, credit card business is through the roof. people are buying on borrowed time as far as i am concerned. it's going to end, we are going to hit a wall. david: you must have seen other recessions if what we are going to is a recession. are there warning signs before or doesn't happen quickly? i remember a lot of people were caught off guard by 2,008-two thousand nine. have you seen, are there any warning signs you have seen? >> i wasn't in the restaurant business but what i do see is people want more than just dinner. what we started doing is we do drag shows, vans. brian: lady gaga?

>> he does come in from time to time. she likes to bartend. david: to have your manhattan made in manhattan by lady gaga. >> he opens beers and froze the beer bottle. david: both candidates, kamala harris and donald trump, have said they won't tax tips anymore. is that a good thing for the business? >> it is fabulous. it will keep down the payroll cost changes meaning they don't go from $10.65 an hour to $15 an hour for waiters. that ends up ultimately in the menu price. brian: it is a bonus. it unites, the thing i hated about the proposed irs rules on tips that they came out within 2,023 and had adjustments in 2024, it forced you guys to be

the policeman, you were turned into irs agents, snitches on your own employees. that is a terrible way to run a business when you are at odds with your employees on something like that but this take that off the table. that's got to be good news. >> sure. no one is addressing that this is really double taxation. you leave the tip with after-tax dollars. i haven't heard anyone say that i can't figure out why. double taxation is illegal. david: it has to be helpful for the employer. >> it is necessary in order to maintain it but what she is advocating and others are, they not count those tips and raise everybody's minimum wage. david: why in god's name? the point of a tip is to incentivize workers to do better work. >> doesn't understand economics. david: that's the key. that was made clear by her idea

about price gouging and price controls in the food industry which always if you know business you know you don't produce if you can't make a profit and if you have price controls on that limit or maybe have a negative profit end up you start producing, that's why they lead to shortages. she doesn't get these things. >> how could you know business if you never did a business? david: that is true. as i said, the last recession came in really quickly and i am wondering if you were doing anything to prepare for this or has it not come far? the numbers we see today were discouraging, not yet recessionary but they were a yellow flag if not a red one. >> what i am doing at restaurant level is bringing down the menu to lesser cost items to keep the customers coming because they have less disposable income, then that

also affects how much inventory i have to hold on to. normally hold $30,000, i can cut that down, have better cash flow. it is really important. david: i have to ask, in addition to the restaurant business, you had some business in oil. you heard trump yesterday, the first part of his speech was all about energy. is that a good thing? was he on the right track? >> that will certainly deal with this whole soft landing hard landing if gas prices went down. the economy drives everything. it is our strength, it is our military, it is our position in the world and we get caught up with people working instead men working on the street signs. it is all about the economy. david: a lot of people write me a note saying how could you live in new york? joe and zane, great entrepreneurs, real heroes to the city, hope you are better

appreciated in the future than you have been in the past. great to see you both. coming up, trump outlining plans for government efficiency commission, tapping elon musk to head up the task force, trump and musk teaming up, can they rain in government spending? the committee for federal budget is next on that. ♪

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at splenda stevia farms, our plants are sweetened by sunshine. experience how great splenda stevia can be. grown on our farm, enjoyed at your table. (♪♪) ryan t. writes, "moving is stressful. enjoyed at your table. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet. this will move the internet. ♪ ♪ 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. i'm gina. i want to talk to you about golo and how it has changed my life and how it can change yours too. like many of you i've been dieting and failing half my life. and each time i would diet i would quit and my weight and health would get much worse.

i had to do something. i saw a golo commercial, i talked to my doctors, and i ordered. like me, the golo success stories are real. give golo a shot. you won't be sorry. david: hillary vaughan joins me for details. >> reporter: donald trump wants to do this audit of the government so trillions of taxpayer dollars are not wasted. >> i will create a commission tasked with complete financial and performance audit of the entire federal government, this commission will develop an action plan to totally eliminate fraud and improper

payments within 6 months, this will save trillions of dollars, trillions. >> it' s a big job, fraud and payments are one trillion dollar problem for the government. over the last two decades according to the government got ability office payment errors of taxpayer cash tumbled $2.7 trillion, the last fiscal year alone, $236 billion in improper payments were made, the government programs that were the worst offenders were improper payments, medicare, medicaid, earned income tax credit and pandemic assistance programs, the bigger the government, the more opportunities for fraud, waste, and abuse in the government under president biden is getting bigger, this past year biden added almost half a million jobs in the government accounting for 20% of all new jobs created under biden this past year. the big question is is the job sector booming or is the

government just getting bigger? david: thank you very much. here's committee for responsible federal budget president maia mcginnis. you have been the most consistent critic of government waste that i've ever known in my lifetime. what do you think of this idea? nobody knows how to cut waste like elon musk does, he cut 80% to 90% of the waste into her once he bought it and turned it into x. what do you think of him getting together with trump for this efficiency agency? >> i think the idea of a government efficiency task force focusing on the topic is necessary and long overdue in many ways. if you think about it ferreting out the waste in government should be a normal part of the budget process done with the oversight of all programs every year, as much energy as we spend on putting in place new government programs and new spending we should be devoting

to figure out which ones are working on making sure we are working efficiently, the problem is the budget process has failed, we barely pass budgets anymore so we are not doing this is a normal part. i think the commission is an excellent idea. i will put one warning out there. it is not going to generate enough savings to replace the need to take real policy actions to deal with our massive deficit and debt, people point to waste, fraud, and abuse as an easy answer. we need to take that head on. david: the deficit and the debt are long way from being solved by this but having said that it is such a foreign in the side of taxpayers when they see their hard-earned money going to waste as it does so often. last i heard, by the way, about 10% of the budget of medicare is waste and fraud, have i got that about right? that would add up to $80 billion just in that one agency.

>> i think you are focusing on the right place, the healthcare industry is probably the largest way to find lots of fraud. another warning, one person's waste, fraud and abuse is somebody else's profit so there are going to be massive lobbying efforts to protect the excess profits in the healthcare industry, in the national security industry, when working with government contractors and industries that get so much from the government and trillions on the line, the lobby pushback will be huge, you will need presidential leadership at making the changes that clearly you will be able to recognize and identify. david: what about elon himself as head of this agency or task force or whatever they end calling it. any conflicts of interest with his business holdings, space x does a lot of work with the government etc. . >> i don't know his leadership style, don't know if he's the right leader but his industries benefit from government

programs, tells a dozen tax credits, the work he does in space, incredibly important work but very interrelated with government so that's likely to create some tension i would imagine but the same time i think technology is going to be immensely useful at digging out where these savings and overlaps are so we should not shy away from thinking about take leadership in applying the innovation going on to how we are going to make things more efficient. i don't, this is not a magic answer but i'm encouraged about potential from using technology in this area. david: i haven't considered that, such an obvious point but he's right in the center of technology and he would be able to develop these programs etc. and any agencies that should just be eliminated? people talk about the commerce department with questionable questions about whether they need to just be illuminated entirely? >> one of the problems when we talk about a laminating agencies is you end up just taking those programs and

moving them into other agencies, great to have fewer agencies but that's not going to generate massive savings, even overlapping programs which is inefficient. david: okay. our apologies to meyer mcginnis, we were talking about technology, apparently we had a technological. for her and we thank her very much. we did get the crux of the matter, thank you for being here. whoever wins the election could be dealing with a recession. we saw that in jobs numbers, which candidate is better suited to handle that? ♪ ♪ are the hardest-working folks ♪ ♪ that you ever could know ♪ ♪ now the farmers work the land ♪ ♪ and the land is the home ♪ ♪ the home is the families ♪ ♪ and the families need care ♪ ♪ when care is close ♪ ♪ we all can grow... ♪ ♪ oh... ♪

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david: based on today's disappointing jobs report whoever wins could be dealing with a recession. who has a better plan for getting us through these hard times? bill mcgurn and former clinton advisor and truly moderate democratic strategist doug sc schoen, both good friends. kamala harris wants to raise taxes. some taxes she wants to lower, she has mentioned it, her plan is still a work in progress but this is what we've seen so far.

a lot of taxes going up, last thing you want to do in a recession is raise taxes. >> except for democrats, seems like the first thing you want to do, they are not even pretending. it will have good consequences. it's more a moral thing. when you ask them what is a fair rate or fair share, they never give you a rate like 23% or 40%, you know what the answer is, always the same, more than what it is. they always want more and they are just blind to to the consequences of that. when trump lowered the corporate tax rates, all the inversions for overseas stock gave people a real incentive. david: at move if the taxes are -- >> no idea that we are in a competitive world for capital and our rates are part of that. david: you are one of the few democrats who are my friends

who understand the incentives a matter and disincentives matter and if you raise taxes for businesses that' s a disincentive, not an incentive, you don't want to do that in a recession, right? >> i don't and i don't think my partner should. one of our most successful initiatives we've discussed in the clinton years was cutting the capital gains tax in 97 which produced an economic boom, the stock market went up and clinton's approval went up. i think bill is sadly correct. the other thing democrats always say is the rich need to pay more. to face facts, if you tax the rich more is less economic activity and less investment and what you need in a recession is more activity so i think the answer to your first question is regrettably for me

as a democrat trump will look better and better as the economy looks worse and worse. david: dog show and for president, just putting that out there. i will have a bumper sticker but he's exactly right. when donald trump lowered tax rates we saw an increase in the percentage of income tax paid by the top one%, went from paying 40% of all income tax to 45% so doug is absolutely right that sometimes when you lower taxes on everybody including the rich the rich end up paying more. >> the flipside of that which is equally bad, i think economists agree the capital gains tax on business is paid by workers and they say they are taxing the rich and the wealthy and big corporations but they are giving a raw deal to workers for this. it is a fake populism and like

a lot of fake populism, it has bad results for ordinary working people. david: are you having any input at all with the harris campaign in terms of getting these ideas in there because so far we heard about things like price controls and raising taxes. >> i think i am among the last people they would want to hear from about politics or economics even though substantively, appreciate the kind words, substantively her policies are bad, they are bad politics and ultimately if she loses the race narrowly what you have on the screen now could be the reason why. david: donald trump has his own set of problems. about people including the editorial page of the wall street journal pointed them out in detail. yesterday he tried to sell his economic ideas to a tough crowd, new york city financial

people, not all of whom like donald trump. how do you think he did? >> i think he did reasonably well. i don't agree with all of donald trump's ideas in economics particularly tariffs and so forth and the protectionist tint to it and the gimmicks like no taxes on tips, i think he should be pushing for flat tax rather than that, to make it easier for workers but i think what doug was saying, the more, he doesn't have to be perfect, he just has to be better than kamala harris and she continues to pull out things that are really awful and he will look better, he at least believes in economic growth and opportunity. david: if kamala harris is listening right now i got to tell her it might help her but i got to tell her if she wants to have a better chance of winning she should listen to what you say. it sounds right on to me but

great to see you both. donald trump heading to north carolina later today. aishah hasnie has the latest on this. >> reporter: breaking news from north carolina right now where it has been decided the first in the nation mail in ballots that were supposed to go out today that will not happen. a few moments ago, the state court of appeals ruled these ballots here, these cannot be mailed out and the temporary stay will continue to remain in effect until rfk junior's appeal is resolved. that matter is being worked out in the courts but for now, the first in the nation mail in ballots, that will not happen

as it was planned to happen today. i want to show you those ballots that were in envelopes, ready to fire to the post office last night at midnight. instead, they were shipped into vault for safekeeping and this all happened because a superior court judge ordered a temporary stay to allow rfk junior to appeal the decision to have his name on the ballot so, he wanted to file an appeal and we have a new ruling from the court of appeals. the state's argument was reprinting all of these ballots would eat into early voting time. we spoke to county officials who told me how long it would take if they had to do this over again. >> can't remove his name and start printing. make sure it is lining up, have to get it approved by the state

and start testing it. >> that would be another two weeks. >> i hope we don't have to do two weeks but it takes time like it will take six days to make that happen. >> reporter: rfk junior is saying vote for trump no matter which state you live in, red or blue, he wants to avoid any confusion. donald trump is swinging for charlotte later today and will speak to the fraternal order of police at a meeting today, trump is only one point ahead of harrison north carolina according to a recent fox news paul. he made some remarks at trump tower in new york city. he spoke to the economic club of new york where he reiterated his push to cut energy prices and new regulations on business and lower the corporate tax rate. he announced he will create a government efficiency commission to audit the federal government led by elon musk

about the harris campaign is calling trump's tax cuts a, quote, disaster and laying out their plan. >> she is focused on ensuring the middle-class small businesses as opposed to an approach like donald trump did and it is promoting more that cuts taxes overwhelmingly for those at the top in big corporations. >> reporter: really quickly on the ballots, the case is being sent back to the superior court for them to order the state board of elections to send ballots out without rfk junior's name on them. no decision whether the state is going to appeal the decision or not. things are moving fast in north carolina. david: huge breaking news. coming up, donald trump wants to lower the corporate tax rate to 15% for companies to make

their products in america. former home depot ceo bob nardelli coming up next. raising twins and as a single mother, presented, quite a few challenges. the financial aspects of oh my gosh, how am i going to provide for my family? i'm going to have to get two jobs. thomas kennedy, he was a major in the u.s. army. tom loved hockey. he went to west point, to play hockey. and ended up falling in love with the army. he was a father. he was, a great husband, he would give you a shirt off of his back for you. in 2012, tom was deployed to afghanistan. he was on his way to a provincial governor's meeting, tom was killed by a suicide bomber. when the bomb went off, tom was in a group of four

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this will move the internet. ♪ ♪ 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. i'm amanda and i've struggled my whole life with my weight. i had some health issues which affected my hormones and my metabolism literally just crashed on me. i've tried everything and starving myself just didn't work. i wanted to feel good and i needed to find something that could help me eat right and learn how to do it. the golo plan and release has given me back my metabolism and it means that i have the energy to live everyday how i want to thanks to golo. david: donald trump surprise a lot of people by proposing a 15% corporate tax rate for

companies that make their products in the us. i want to get reaction from bob nardelli. the thing that i really like about this plan, you are not being penalized if you have the buy stuff abroad. a lot of companies couldn't do that. you would still be taxed at the 21% corporate tax rate which is lower than what kamala harris is proposing. but you are free to choose if you want the bonus of paying 15% if you buy american. to use that phrase you are free to choose, you won't be penalized but you will be incentivized to buy american. do you like the plan? >> you had a great show so far, no lack of issues, there's a lot of merit to it. it is encouraging localization if i could use that. the other party is proposing

heavier taxes, corporate taxes. i lived through this before, seven recessions and when you encourage corporate taxes you force an offshore strategy. because you have to compete on a global scale. i think he's very creative with this plan, questions about tariffs and donald trump used tariffs effectively i think not as a policy but as a practice, he got china's attention, brought them to the table and they had a fair negotiation about trade in trade out and gdp. this is another creative idea as many of what he is proposing in his campaign challenges the other party as to legitimacy and common sense of things they are proposing given where we aren't particularly the numbers we saw today. david: kamala harris's campaign has attacked the former president's plan on tariffs

saying they would be in inflation creation and there is some merit to that idea, look at milton friedman's works on tariffs and they pretty much confirmed that but he used it as you said in a reciprocal fashion. he wasn't willy-nilly throwing tariffs on everything. of china had a 70% tariff against our cars, he would do the same and that got them to close it down a little bit and inflation as far as inflation is concerned inflation stayed the same his add tire administration. >> tariffs create trade wars like price wars and i lived through all of those, not a good thing but if you use it in practice, not policy like he did, he got us to the table. the tariff on evs sounds great but the consumer, the us consumer put their own tariffs on evs out of china, they are not buying them.

i'm not sure the real impact on increased prices will have a basis. if you look at vw they were displaced in china, they are pulling back and if you look what happened in the us, jeff farley had to write $6 billion off, 2,500, the evs will happen but it has to be an evolution versus revolution. the other administration talks about all the ev on the road, there's 290 million fossil fuel cars on the road today. someone asked the second question, what happens when you talk about all evs how to get rid of 290 million cars? the average age is 12.6 years. david: of course the mackenzie study showing ev drivers are likely to buy a gas car more than they were before.

there are great evs out there but you can't force people to buy what they don't want. thank you for being here. all eyes are on the fed. today's jobs report, capital management's gary kaltbaum has the details. your quick impression of these jobs numbers particularly the revisions. >> i said before the number came out why do we trust them? we had 10 of 12 revisions in the last year and they came out with a yearly revision of 800,000 jobs. last i looked, my abacus, rusty as it is says 68,000 jobs a month. that did not happen. we are in a downtrend in jobs. the economy is heading south. don't know how bad. the problem is the fed again is way behind where they should

be. they were behind on the inflation front and had to play catch up and here we are again. brian: manufacturing jobs the administration was bragging about their success at crating manufacturing jobs, they lost 24,000 jobs in august and only gained 1000 in july and lost double digits in june. manufacturing is going down. is that are inflationary sign? >> the greatest job creator seems to be government. i will give you two important numbers. i'm screaming at right now. i hope everybody is listening, the 10 year yield is below 3. 7, the fed is 5.4 on the low end. they are so behind the curve. the bond market screaming trouble in the economy and if the fed don't play catch up look out, they did the same

with interest rate skyrocketing staying at 0%. david: i got to ask quickly about what is happening with chips. after spending $280 billion on the chips act, chips are crashing good. nvidia is down. until continues to go down. what's the future of chips, very quickly. >> it is a bear market in semiconductors. at the -- the a i got overhyped not necessarily long-term but in the short term and i am out of technology. i am a technology guy. for the next weeks to months. david: 50 basis point cut in two weeks, 25? >> i am pretty sure 50 but he will need to go a whole point in the next couple months or else. david: the great gary kaltbaum. we have a lot of greats on today. much more cavuto after this. ♪

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david: it is all about tech today. there is the nasdaq. down 436 points, that is huge. nvidia taking it on the chin. people say if it goes below hundred, a strong by signal. look at intel, intel is down another 3.4%, 60% of the market in the in the past year. let's do it for us on cavuto coast-to-coast. brian brenberg on "the big money show" here to take you through the next hour. brian: good to see you again