>> that's when you need to be worried. charles: good stuff. thank you very much. one quick note, we are talking about the energy policy that is essentially possibly energy policy that's going to curb fossil fuels and were asking the rest of the world to do it. look at this chart, this is percentage of household with an air conditioning, united states is 90%, china is at 60%, mexico, south africa, india, brazil, the brics nation, there are 5%, give me a break, were asking these countries not to use fossil fuels while we sent in air-conditioned homes. it's not going to happen we should not make a mistake when it comes to the energy policy, i say drill baby drill and i also say watch liz claman, i'm worried about this rally. >> hold on, don't worry, nobody worry at least at the moment, breaking news you are looking at the markets mounting a comeback

after vast weeks the worst route of the year that's why charles is worried, we saw some worrisome moves. the dow has erased all of the 410-point/last friday and a third of the 1017 poinsettias lost on the week gaining 420 points right now. in fact you get the picture from a week over week chart, this is a classic example of why you should not try to time the market. i do. it can't tuesday, thursday or friday when the stock market was falling and the dow fell down to 40316 you would've missed the move off the floor, right now dow 40766. the s&p looking solid recovery right now 48 pointer under 1%, nasdaq probably northward by 110 pointer two thirds of 10%, the russell 2000 is tacking on seven points, everything off the highs of the session but we need to show you the most heavily weighted stocks on the dow, the s&p and the nasdaq.

it is apple, it is glow time, apple september event were ceo tim cook and company spread out like a peacock's tail a brand-new sweep of air pod, watch and the much awaited iphone 16. here are the adjectives, slimmer, bigger, better, faster, smaller, brighter, some of the words to describe the new versions of everything here. artificial and intelligence, not mention together. apple intelligence and machine learning were tossed around liberally and they made all kinds of promises from preventing hearing loss to diagnosing sleep apnea depending on which product you're buying. was it enough to convince apple faithful it's time to grab a new slice of each in a potential apple shareholders. to the superstar apple panel turned out taking app no into a unicorn with a quarter of a billion users by analyzing the best way to capitalize upon apple's app store as a pretense to the iphone in daniel flax,

newberger senior research analyst, i will start with you, we're looking at the stock down. i would caution all viewers on the rollout days, don't look at the stock it is always down in the next day it often pops up. >> it is about seeing how they're evolving the product roadmap and what we saw today with the camera, apple intelligence really laying out the foundation for the new wave of experience over the next 1 - 2 years this will take time. i think the health and fitness benefits from the watch and air pods with hearing aid marks a continuation of focusing on areas where they can help users lead to better lives, sleep help, mental health, women's health, fitness, that is all important. what i take away there is enough here to drive continued growth of the installed base which sets the stock up while in my view over the coming year. >> that is the stock, let's get to the meat in them heart of the matter, that was iphone 16.

it was much awaited, but this is what people were looking for, new colors, new prices, we can get some of the prices for you, the iphone 16, $799, that is the base model if you will. iphone plus 899. then you get to the 16 pro $999. and promax $1199, what you saw, is it worth it? >> i was pretty psyched about this announcement. mostly because it was kind of boring. this was all about apple intelligence and there have been so many wildly unrealistic claims about a.i. and its promise and its risk over the past year and it was nice to see apple focusing on what people would actually do with a.i. on a day to day to day basis, stuff that would actually work in low stakes and high utility i think it's great. liz: am i hearing you say it was

low on college he was in high on practicality. >> i think if you think about the toothbrush test is something that we say in silicon valley which is a test of technology that passes the toothbrush test if you wind up using multiple times a day without trying to show off. not because it's cool but something you do all the time and man we've been using the toothbrush test. i think apple intelligence has a really solid chance of passing it. liz: if they've talked a lot about the new colors, ultramarine, pink, ceramic shield, 50% tougher than the first generation, customizable action button. when you look at what was rolled out, what was the most significant part for the iphone 16, everybody is waiting on a super cycle where everybody who has waited, i'm so with iphone 14 am i going to upgrade to this, was it enough? >> i think this is a classic situation with apple where

they're evolving the user experience, some with 11, 12, 13 and perhaps 14 may upgrade i'm not anticipating the super cycle if we get one that will be terrific. the key in my mind are you doing enough to evolve the user experience, integrating hardware, software and services in a fun and intuitive secure way point to the camera as something in getting intelligence back allowing you to consume or take action in a very fun intuitive way, for me they demonstrated that in its very early with apple intelligence and the broader a.i. rollout and a lot of the devices, what i'm going to look for over the next several months at next year are used cases, toothpaste as it were opportunities for people to find increase utility from the device, if they get that they will get good upgrade rates and better growth for the iphone franchise over the next 12 - 18 months. liz: again didn't say artificial

and intelligence they said apple intelligence and gave the demo and case are viewers missed it but we were watching every single second of this and one of the demos for the iphone 16 and four siri now according to apple will finish your thoughts or refine your thoughts every discombobulated, which many of us are when we tried to do 12 things find things on the phone. listen and react. >> hey siri who's the architect behind the museum, weight, not the museum, the palace of fine arts. >> bernard maibach design the palace of fine arts. liz: that seems a little rudimentary are we missing something you? >> exhibit rudimentary, that's also not the cases are particularly excited about it as daniel said this is an evolution of the experience and the evolution comes from things that you do multiple times without forget about it.

for example those that were using the apple intelligence data for the past few weeks, there is already think that i would never want to live without like summaries on e-mails or text messages, if i'm scrolling through my e-mails and does a much better job of actually showing me which each that is going to be roughly so i decide whether to open it or click on it or not, searching for photos which is something that they demoed again at this event and being able to tighten two dogs trying to climb a tree and that is very useful, it is low stakes, the world does and if i get it wrong that is how utilities i think i'll do it multiple times a day i think the siri example is not something that not many people will do all the time it's a little bit of a legacy of this hollywood fantasy that we want to talk to a virtual assistant and ask questions and get answers, i think the real promise of a.i. what are the things it can do for us even when were not asking it doesn't by default and there

are several which actually do think will cause people to upgrade especially because they can only get the features on the 15 pro in the 16 pro. liz: exactly, a lot of features they wrote out on the apple watch and it feels like apple is trying to be not your urgent care but your doctrine away, they made a big deal of the sleep apnea detection and apparently i can see all kind of things were in no sense whether you are not sleeping properly and somebody people suffer from from sleep apnea and is not feeling filling the gap that was left with the lawsuit of massimo regard entered regarding the blood oxygen center which massimo has the patents for an apple had to stop using it. >> i think the dispute we will have to see how that plays out over the coming months and perhaps year. >> so far it's a win for massimo

there are no blood oxygen sensors in the new watches. >> absolutely correct, that future will not be there but if we look at sleep and heart health in the benefits of hearing test, hearing aid, those are things that millions of people find useful and in my view it's about raising awareness, if you're able to raise awareness and engaging way and perhaps try to lead a healthier and fitter life go to the medical provider and get a test done in the example of hearing that could raise the quality of their life. when i think about what apple is doing it doesn't have the answer to all of this, some features will get fda approval and i'm sure they'll look to do more around glucose monitoring over time, these very difficult challenges to solve is about raising awareness and that increases utility which can help growth over time. liz: speaking of awareness everybody on the other lined

when you talk about air pods can hear the sound and now apple says it is solve that with the new air pod rollout, let's listen to their demo where first you can answer with the knot of your head and it will sense that and all of the extraneous sound is cut out, watch. >> all from francis lee, give me a minute the girls are in the garage. >> you're not hearing that. >> they are allowed. liz: i like that future, think about it, apple has sold more than 150 million units of air pods it is like the best idea of technological jewelry as john galloway likes to call it, in and of itself is a massive revenue driver. >> i really think that a.i. is entering the design phase right now meaning it is no longer

about a giant promise of how it will absolutely change everything, either great things were to turbo things a.i. is awkward to save humidity or destroy humidity but what it can do if it's designed properly to make lots of little experience every few minutes a little bit better and i think the airport is an example of a really good example. it's a good example in the future when actually works in the previous generation was working well of noise reduction and voice isolation, when that works it makes you life a little bit better it does not completely transform it but making things a little bit better over and over and over again has been apple's move for the past 20 years and it looks like it is continuing, maybe accelerating. liz: thank you, really quick the stock is up 17% year to date, 21% year-over-year not exactly as exciting as meta or the other

magnificent seven stocks, you got it at a by. >> i continue to like the name we solid this afternoon and will see more in the coming months, it's innovation on the product roadmap, the continuing broadening of the growth drivers services of $100 billion in revenue, wearables in many ways it's just getting going,. >> and ipad are vibrant and your concerns about china and those remain a focus in the near-term but if the installed base continues to grow i think you will see better iphone growth over the next year and more and more of the technology like apple intelligence will get better which will drive stronger iphone sales as we look out. i continue to like the name. liz: great to have you on a pretty exciting day for apple once again the rollout days fanned them out like p cocktails at the moment we will see what happens whether people start buying a lot of this this begins shipping on the 20th of september. we have a market that is bouncing back after the worst

week of the year, will the bulls charge ahead and what is historically we told you this, the worst month of the year or is this one big headache as the federal reserve dropped rates, before shows up next on where you should put your money now and ahead of the presidential election. wall street often compared to a casino but real casinos are cashing in on the start of the nfl season. the mgm ceo is here live to tell us if they took it to the house in week one, fox business exclusive, "the claman countdown" coming right back, dow jones industrial 422-point up. ♪ (♪) you know, you only get one body.

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liz: fox business market alert, green on the screen with no heartburn at the moment, it is not just the major embassies that are rebounding this hour, the chip and chip related stocks which got torched lax until last week, supermicro computers surging to the top of the s&p 500 after last week's 12% shelley, right now supermicro under micro up 5.5%, nvidia shriveled 14% last week moving up 2.5%, amd in the green column marvel and taiwan semi, investors so much awaiting important inflation data august consumer price index, inflation at the consumer level that is wednesday, ppi the manufacturing counterpart to that is on thursday and of course the federal reserve will take those data points into consideration when they meet september 17 and 18th for the interest rate setting policy meeting, could any of these factors or something else set off the month of september for failure or markets defy historical odd but get to the floor show strategic

security chairman and ceo and chief market strategist phil, and i didn't even mention the presidential election. >> it is a biggie, 57 days before the election. >> i think it's important to the extent of which there is always a presidential election cycle which is to say any sort of income that administration tries to do things to get reelected obviously i think the biden administration, the biden here's a administration is taken this to an art form were there using employer retention tax credit, student loan forgiveness and there using the funding schedule, they're doing everything that they can to get the economy and keep it humming through the election and if you combine that with the fact that it looks like, if i'm going to guess why the market is rallying today i think it's more people are factoring the 50 basis point cut next week, that would be my guess, you put those two things

together the market is not cheap but it's hard to be short. liz: are you pricing that in and how much could this be asked head fake or a disappointment if you get 25 admitted take the head fake in the disappointed struggle to get to 25 and if you would asked me a month ago should they cut 25 i would've said no i don't think were there yet, obviously an appointment market has weakened a bit but why is normal bad thing i don't like it that the market is having a hit for balance and you mention, there's $6 trillion of money coming back in and we see some of that but the reality by some good stocks cheaper but i'm concerned this is the worst month going back to the beginning of this thing and add to that if we get 20 market and the market expects 50 have a difficult time it's almost a lose lose situation. if you cut 50 you end up in a scenario why do we have to cut 50. liz: what's wrong with academy. >> if we don't cut 50 they didn't get it were in a

turbulent time, i would tell you this you should be careful about what you own will pivot tomorrow value dividend stocks and i add to my fixed-income interest rates are falling and it's a time to be careful with your investments. liz: that said people are watching the election and thinking how do i gain this and invest in certain areas ahead of it anticipating who might win, that is a dangerous play we have shown in the past that certain energy stocks did a lot better under biden you thought they would do better under trump who says drill baby drill, green energy did better under donald trump for whom you were actually supporting. >> i am supporting president trump i'm happy and proud to do that. i do think generally speaking higher regulation and democrats are better for energy stocks and wears republican and the better for lower prices, republicans have looked over regulation and

they tend to encourage the behaviors that are not particularly good for shareholders but good for consumers. liz: is a sector that might benefit. >> the biggest sector for president in my opinion for president trump winning reelection would be financials by far, trump 2.0 is not that different than trump won .0 the focus is on deregulating the energy sector not good for shareholders but good for consumers, deregulating the financial sector which pulls good for consumers and shareholders, that would be the biggest one in the biggest loser clearly as you pointed out would be renewable energy and some of the green new deal spending boondoggles that have been profited over the last couple of years. liz: do you look at sectors x politics and say no matter who wins this might do well and that might do well, technology everybody wants the u.s. to be the leader in technology. >> they do that's why it's a sector of choice for what a long time. if you want to play this game real estate which is been lower

in a lower interest rate at the financial, discretionary comes it'd out-of-favor and lower interest rates, lower cost of borrowing and kick back into spending, think about the home depot in the lows of the world and how those should be, i think we should remember that, the fourth quarter is the best quarter of the year the turnaround time is the second or third week of october, this is good to be to the first week of november, off we go, what is the weight of the issue the bond market i think it's our ultimate winner where would i get a risk-free rate of return and see my price appreciation skyrocket gets its way and we see yields keep coming down. liz: we will continue to see what happens with the yields and if people shift further out on the curve, it's good to see you so much were good have you back and of course jason trennert, thanks very much. it was not like any given sunday in a stunning upset the patriots knocked off the bengals in week one of the nfl season, if you put your money on joe cool and

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books is chocked full of tight one square games, eight to be exact but the biggest upset came with the new england patriots beat the cincinnati bengals in cincinnati, 100-dollar bet on the pats to win, if you did that your winning profit would be $340, wonderful, fabulous, let's say you like many others thought the bengals were going to win and you bet $1500 and then they lost, bet mgm covered you the online sports book is running a promotion right now where new customers can back up to $1500 and even if your bet does not pan out you get the money back in bonus spends how did the first week of nfl betting go for online sports books in will it sustain the momentum throughout the season joining us on the fox business exclusive adam greenblatt that's pretty generous, the promotion. tell me what you have to cover, how does it work and how long

does it go. >> is a great start. it's an evergreen offer for the season is her headline new customer promotion -- absolutely rightly described if new players lose their first bet we will make you whole with bonus bets for mgm. liz: it was a big stunner, who would've thought a couple of years ago when tom brady was a quarterback that anybody would call it an upset if the pats one, it was not an upset they beat the bengals, whatever upsets really brought you in a lot of money, give us a sense of this weekend you didn't reach your expectations? >> the weekend was a winning weekend were bet mgm as you rightly said, the pats was some of the best outcome for the house but that one last night and sunday night with the lions covering over time both the nailbiter and a discipline into the house, the other heavily bet

players were josh allen, tyreek hill, they got a lot of support but what we saw from a business perspective is really strong year-over-year increases in a number of best handled what if i'm particularly exciting the number of live bets the percentage of live bets we sell 41% increase in live bets, the handle associated with those bets year on year which is very encouraging i think that the trend you'll see more of. liz: some of viewers don't know what that is. >> that is during the game, in this case after kickoff at any point while the game is live you can bet with bet mgm and in fact hundreds of markets for you to express any opinion that you might have. liz: any opinion whatsoever. i know the cleveland browns can pull this one out, they didn't. be quiet marco.

he is a giants fan, the nerve, the american gaming association, i'm not surprised she did really well the american gaming predicts we will see a 30% hike in adults that are betting, is supposed to top $35 billion in legal bets the season do you think that could be vested from the experience from this weekend? >> i think so. we bet mgm in 2024 and we very much view this every building momentum and leaning in to player acquisition, investing of the players who were loyal to bet mgm and were doing and a number of ways not least through product and enhanced parlay sweeper products and an exciting second chance offer. if you bet on a player to score the first touchdown and they don't, lo and behold if they score the second touchdown we will give you your steak back in

cash, a lot of reasons to believe that the music isn't going to stop, not only that we also have a broader addressable market we have north carolina facing into the football season for the very first time and we also have district wide online betting available in d.c., footprint is expanding and as you say we are seeing rated penetration into existing 29 for bet mgm 29 existing states, we are seeing sports betting really become part of the fabric of entertainment. liz: of course are also in ontario, canada, puerto rico but it is a crowded space, we know that, bank of america has pointed out that the end duell has 42% of the sports betting when people make these bets, jeff kings 34%, you guys are in

third place but back is 7%, will the 1500-dollar promotion grab you more of the piece of the pie. in the end it's all about the ticket, the offering, the price. >> we think it is richer bundled that becomes compelling, bet mgm is a sports book that was born in vegas and we lean into that, entertainment, hospitality a preliminary experience, when you layer on the headline offers or the one-time events in the loyalty program and the ability for bet mgm doing the thing that they love anyway using that to access experience real world experiences in vegas and access the world of who we have an exclusive partnership,. >> thank you and i appreciate you doing everything that you

can semi-cleveland browns when next time. >> i won't promise but we will try, good to see you adam greenblatt we have new competition leaving merck's lung cancer drug teachers are gasping for air why one stock is ripping higher by more than 50% and what it says about the keech ruta competitor. we are one day away from the much-anticipated presidential debate between vice president kamala harris and former president donald trump will tell you how the two candidates are spending their big day preparing more countdown straight ahead. we have a live report. ♪

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♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well invested, well protected. liz: we have breaking news vice president kamala harris scheduled to depart its bird for philadelphia within the next hour ahead of tomorrow night's presidential debate kamala

harris has been hunkered down in the steel city since last thursday preparing for the face-off the new york times said she's been doing highly choreographed debate sessions on stage with replica tv lighting, we have other report saying former hilary clinton advisor philippe brightness to help prepare the former secretary of state for her debate against donald trump is reprising his role for harris and doing is supposedly in character complete with the boxy sue in a long tie kamala harris absence from the campaign trail may have been noticed by voters as a new poll shows her post-dnc bump may be fading alexandria hoff is live from the city of brotherly love ahead of tomorrow's very big night, alexandria. >> and to be with you, were looking at independence hall right now, liberty bell this way and behind me that is a constitution center where this debate will be taking place, you

mentioned vice president harris schedule, former president trump is going to be arriving in philadelphia around 630, there are stark differences in the way the candidates are preparing for the big night, the scene played out in pittsburgh, you described really well but it's something out of the aaron sorkin will become a younger podium just the right height and for vice president harris intensive training the most poignant part essentially there is a trump impersonator there. >> are you ready matt on shabbat under madam vice president question was. >> ready. >> she said she is ready. when asked about preparation of the other side the trump team responded to fox saying what is the debate say the former president doesn't mean practice the campaign added today that the constant questions on the trail has been the best training. trump held a rally this weekend in wisconsin where he said this about the biden here's a administration. >> we are around by stupid

people, stupid, stupid people and we found that out at the debate with doctor jill biden and we're going to find it out tuesday night, is anybody going to be watching? >> i think a few people are going to be watching that, the trump campaign has been touting the gains seen in the new york times siena college putting both candidates at a dead heat but including the survey, 28% of likely voters say they need to learn more about the vice president, less than 10% said the same of former president trump, john fetterman made his prediction for his party's candidate. >> she is going to do great of course but donald trump will be good to we can all remember he wrecked all the republicans, he's a good debater, just as we can former president trump said he will vote yes on legalizing

marijuana used for adults in florida that is a major that ron desantis opposes. will send it back to you. liz: is a big night, thank you very much. a reminder you can watch the entire presidential debate right here on fox business tomorrow night at 9:00 p.m. eastern time. fox business alert, the dow jones industrial of five federal points, one dow component is taken a dive and it is marked down 2%, the biggest loser on the dow after the pharmaceutical company cancer treatment keytruda was topped by some late stage trial drug, some released data from the trial but showed that the drug cut projection or drug by nearly 50% lung cancer patients, summit is hitting a new record on the news up 55%, take a look at dell, pelletier and erie indemnity all three

shares in the green right now, some fractionally but you pelletier of 14%, dell up 14% and on the announcement that all three stocks will be added to the s&p 500 and will begin trading on september 23. with the new additions somebody has got to make room for them, who got the boot american airlines, essien diagnostics bio-rad laboratory, we have american airlines up three and three quarters percent but as he is dad wanted a quarter percent and we have bio-rad down nearly 3%, s&p global said they will be moved to the mid cap, 400 index while at sea will be part of the small-cap 600 index. we should look at u.s. steel shares, they are powering higher by 5% after the flat steel producers gordon upgrade at j.p. morgan to overrate from neutral and from $42 to 40 a share 4285, j.p. morgan basically said it

expects shares to pull back further over the deal where the nippon steel company has wanted to acquire u.s. steel but j.p. morgan says this did theirs around it represents a solid buying opportunity of u.s. steel, the stock is down 14% last week as the u.s. steel is still in jeopardy, president joe biden said last week he would invoke executive authority to block the acquisition and donald trump is also said if he were president he too would be against a japanese company buying a very important u.s. steel company. let's take a look at tesla, shares advocate a bit more electrifying today up 3%, they announced they had a record last month, tesla said last month was the best year as sales jumped 42% from july with 23241 chinese made vehicles exported, u.s. sales grew 37% from july, still

down about 2% year-over-year. democratic presidential nominee kamala harris updating her campaign page adding economic plan details, what did she say to satisfy the crypto voting block charlie brexit next on "the claman countdown", wait until you see what bitcoin is doing right now. it is spiking in the last hour by a lot. stay tuned.

>> we have the breaking news hitting the tape norfolk southern stockade into a half% this is the intraday picture. you can see what is happening after this headline from the wall street journal, here it is alan shaw expected to step down from his role this comes one day after the company announced it is launching a probe into shaw after alleged inappropriate relationship in the workplace you will remember back in february of 2023 a norfolk southern freight train gathering chemicals in east policy ohio, one might not necessarily have anything to do with the other but we want to give some context norfolk southern gaining 2.6%. on the evil of the vice president debate with donald

trump kamala harris has released an updated policy prop form to her campaign website noticeably absent from her economic outline a comprehensive statement called on her plans for crypto currency in boxing innovation this despite democratic lawmakers assurances that harris is looking for a so-called reset with the crypto faithful which is turning into what could be an important voting block, joining us now with this group is charlie gasparino. >> i want to commend you you were maybe one of the last people taking interviews the norfolk southern ceo a couple months ago and my right. >> he was appropriately upset and sad but there were a lot of problems with the discovery that they made cutbacks in jobs they were making people work to long shifts people who were supposed to be looking out for the problems on screens a little upsetting. >> you were rough on them as i recall, that is a good thing.

liz: there not here to make friends. >> don't let that smile full anybody, you are a killer. liz: i learned from you, right, you -- let's get back to crypto. which is interesting because a lot of the kemal here's economic plan template and i have friends over the mark cuban and anti-are telling me i'm beyond fear and she is more moderate and subsidence entity even, people like anthony who i like again and mark cuban who i like he's telling me she is crypto friendly yet there's no evidence as of now, were a month away too much away from the election, she puts out a policy platform on the debate tomorrow with trump

we should point out trump's last week at the new york economic club is talking about crypto into make america crypto capital of the world, not one policy plank or detail about crypto, this is after weeks and weeks and weeks of crypto for harris encryptor for this and democrats reaching out to the crypto community, not one in the platform, there is no crypto reset, they don't see it even though ro khanna keeps talking about it the congressman from silicon valley democrat was trying to get the crypto crowd interested in kamala harris his presidency, chuck schumer circulated a legislation that put a.i. as a top priority, he was on one of the crypto for harris calls, not crypto. i guess the point is will she

ever use the word crypto in a speech, does she know what crypto is? i don't know. i am assuming she does but it is noticeably absent despite all the talk by anthony and mark and ro khanna and i think my guess, the train has left the station on the cooker community based on what i'm seeing on social media, there is chance. liz: although. >> she might get progressives investing crypto. liz: with bitcoin, it is rallying 6% right now probably because the belief if indeed she comes around you have two candidates who are vaguely on the same page perhaps but you're right, no evidence just yet. >> let me throw this out there to you on bitcoin valley, i think it's on the belief that

trump is going to be president. here is why the betting markets have been pulling ahead significantly, nate silver's tracking, his odds have trump up pretty significantly and i think that is probably what is probably encryptor right now because he's going to be a probe crypto candidate, obviously my scientific methodology has a margin of error of a gazillion but i am telling you i talked to a lot of people in crypto, when you see there is a correlation, the trump pulling particularly in the predictive odds category going up and crypto going up, it's an interesting dynamic. >> the new york times has them up by 1%, we have to run we need to hear from mark travis as averages are coming off the worst week of 2024, listen we have green on the screen but even the nasdaq 6% loss paled in comparison to the outsize

bruising three widely held semiconductors suffered broad, nosedived by nearly 16%, kla fell by 14%, nvidia tanked by under 14%, a lot of your portfolios are holding a 20% position in nvidia, the countdown closer says now is the ideal time to reduce the concentration and make importank travis. okay, so what are the ads. that's what we think right now because there's this concern, mark, that the risk of high concentration right now is getting a little more dangerous as growth begins to stall a bit. >> yeah, absolutely, liz. i think you've started to see really starting in july and the markets broadening out and plenty of press around the equal index and other performance there and this capital index and most viewers know is dominated by the magnificent seven. i joke the harris walz tax bill

came out and everyone took a look and said let's monetize now before it get as lot worse, which is will. and i have always been interested in what i call founder led public companies and for the simple reason i think that as i like to say built to last with balance sheets to endure and look at something that i've got examples today and that makes you wonder with the crowds and almost double the markets. liz: that's it for us. kudlow is next. larry: hi, folks, i'm larry kudlow. new house gop report says the biden has failures in the