political differences between people i think there's some confounding variables of course if you're someone who has more of a traditional world to start with and you value marriage as an institution and family as an institution you're more likely to select into that in your personal choices and also more likely probably to side with republicans on the political issues. however i think we have to do a much better job of talking about the benefits of marriage as an institution in today's world. this is not an institution whose time has come and gone. this is something for a lot of people they drive a lot of personal satisfaction. iimproves them as a person working for a better future for your children are the benefits of marriage we don't talk about. charles: we didn't get to martha's question. we will get to you next time and bob, thank you both for very much. free speech is big. hadley thank you so much. liz claman, over to you. liz: great to have you. toss to me charles thank you so much folks fox business alert. quite the interesting market picture as we kickoff the final hour of trade.

so you've got the dow abdomen ad the russel, in the red the dow down about 112 points russel down 4 while the s&p and the nasdaq are in the green. nasdaq up 108 the s&p gaining 17 so this mixed picture you see in the markets reflects the mixed messages we are getting at this hour from the world's top bank ceo. messages that have the financials and the dow 30 heat map looking mighty chilly. take a look all the way at the bottom. jpmorgan lower by 5%, it's the biggest loser on the dow jones industrials goldman sachs down four and one-third percent, amex down 2%, flip it over to well, bank of america all of the big integrated banks swimming in the red so who said what? goldman sachs ceo david solemon, pulled the first worry lever speaking at the barclays conference said the trading revenue in the current quarter is heading for a 10% slide led by declines on the fixed income side and then jpmorgan president

and chief operating officer daniel pinto told analysts expense and net interest income forecasts are "not very reasonable" and are actually overly optimistic. noting the 2025 is going to be more challenging than this year. so the optimist of the bunch, bank of america brian moynihan chiming in saying at a conference q3 trading revenue is up in the low single-digit percentage versus last year. small business loan balances are stable, and that customer credit quality is just fine. well tell that to allied financial credit card companies starting with allied are all deep in the crimson here after cfo said at a conference that credit challenges have intensified this quarter, as borrowers continue to struggle with high cost of living and more recently, a weakening employment picture. tech is actually in the green, thanks in part to oracle. shares are jumping 11.25%. stop what you're doing and look at the screen.

the quarterly results last night showed efforts to add a.i. offerings to oracle's cloud service products boosted results and with this percentage gain, to 155.61 a share, that is adding around 39 billion to its market value and that is a record high for oracle right now. let's get right to the floor show to kind of analyze which banker we should believe and how to trade through all the noise let's take it to 2 ventures lindsay bell and jack abland. lindsay welcome to the show. you actually are pretty good with the financials. you like that sector. what do you make of all of these voices cvoices chiming in today? >> i think today is a bit of a fine tuning for ahead of earnings season so i really think the ceo's took this opportunity at this conference to fine tune their numbers to bring the consensus estimates back to their guidance that they had previously given. so i still think the financial

sector has opportunity. it's outperformed the overall index this year, so far, but if we're mid-cycle there could be potentially more room to grow. i think we're going to have to keep an eye on interest rates what the fed does the rate at which they move interest rates, and how these banks respond, because as interest rates come down, it can be a real benefit to a lot of these companies, so that's why i think if you believe in the soft landing the financial services sector is a sector that can continue to do well. liz: i don't know though. this is the xlf, which is the spider financial effort, the big names in there and then you look at the kre, some of the regionals, jack those are getting hammered today as well so give me a sense of what you see and do you tune out all of this because the markets aren't particularly having an attack here. they aren't terrified by this news. >> no, no, and this may be part of the hurricane that jamie dimon has been flapping his arms around the last couple of years.

it may not be the economy just could be his own balance sheet or income statement. liz: i'm with you on that. >> so we take the financial sector and divide it up into lenders and borrowers, i think that lower rates should certainly be, should continue to be a tailwind for borrowers, particularly real estate. real estate investment trusts and other insurers. liz: actually i think real estate is the best performing s&p sector on the session so that would make sense. so lindsay, one of the things that allied financial said was they are a little worried about at least what they've seen regarding credit card customers and what they see when it comes to the employment picture. what do you see? we've gotten a couple of softer than expected employment reports. july and august. give me a sense of where you see this going? >> yeah, and i think for allied we spoke about their auto customer, highly levered to auto loans and so that was, you know, disappointing to hear that

the delinquency increase over expectations but i think overall when you look at the consumer, they've been somewhat resilient but i think that the strength is softening and it's spreading across income classes and when i look at the jobs report, especially the last one, in the last couple ones its been softer than the headlines suggest. if you look for the white collar, high-paying highly-skilled jobs they just really aren't there. it's mostly healthcare and lower income, lower skilled jobs that have been adding, because the immigration that's been coming in and filling those jobs, which overall usually lowers wages across-the-board, but what we did see the one highlight in the last monthly jobs report was the wages increased 3.8% which was better-than-expected which likely means that real income is going to continue to be positive. liz: well, let's talk about some positive stocks that you see , jack. you've got a couple of picks here, and as we look at them

everything from fhotronics, hci group is there a common thread that makes you say these should be in people's portfolios? >> yeah, the common thread is really twofold. one is these are small caps. we haven't heard of these names so small cap market cap. but they are high-quality. these are companies that are generating reasonable amount of cash flow relative to their enterprise value. this is what we screen for. we always want high-quality companies because we want to be able to withstand an economic downturn, and so here hci is a diversified financial company and including insurance and reinsurance, photronics is a manufacturer in the supply chain for semiconductors and other high-quality chips and then cal main foods guess what? one of the biggest egg producers

and they grade and distribute eggs all over the country. liz: yeah, big protein push for everybody these days. lindsay, jack, great to have you thank you very much. quick check of the dow down 127 points at the moment. the new starbucks ceo not exactly wowing investors with his brand new plan for his first 100 days behind the barista counter. we will serve up what he says is the coffee chain's priority number one, and we'll show you the stock. that in just a moment and later legendary aviation ceo frank lorenzo knows a thing or two about turnarounds. he's here to share stories from his remarkable career from innovations. he is the guy who started low fares. yes, remember those? and frequent flier programs, to selling the eastern shuttle, eastern airline shuttle to donald trump and battling carl icahn over twa.

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liz: fox business alert starbucks new ceo brian anything all has officially put on his green apron and is pledging to get back to the basics, on his first day as ceo he issued a letter to the coffee chain's partners, customers and stakeholders promising to get back to starbucks original goals. he said the company isn't delivering, feels transactional, menus are overwhelming, product is inconsistent and wait times are too hectic. in his first 100 days, he wants to fix sales by focusing first

on the us market. he wants to make investments in technology, enhancements to customer service, improve the supply chain, and makeup dates to the app and mobile ordering platform. brian, message from us here at the "clayman countdown." do not touch the cake pops. those are fine. all right, he left the ceo role at chipotle to take the starbucks job says he plans to improve the us market before turning to challenges in the international market but let's just look at the stock. now, the day it was announced a couple of weeks ago he was leaving chipotle to run starbucks, the stock spiked but you can see it's not doing much here. investors hoping he can turn starbucks around like he b the burrito chain. chipotle risen 18 or 19% year-to-date while starbucks is down 3%. chipotle's cost of guac is always a question. we might get price direction from mission produce. shares are mean and green like avocados right now. mission up 21%.

this is the california avocado farm company rocketing higher on its fiscal third quarter report beat. the company topped estimates but international sales dropped 28% year-over-year on lower sales and weather impacts to its harvests in peru. competitor also powering higher by about 10%. now on its third quarter beat report, both avocado companies said they are anticipating prices of the fruit to decline. only in the short-term though. really never know, because drought affects everything, trade affects everything, but right now, maybe avocado will go down in price. investors are having a rodeo with boot barn. shares are jumping higher this is a western wear chain. they are hitting a record high of $151 and change after three brokerages turned bullish on the stock raising their price targets. one being jpmorgan who hiked the target by 10% to 160 bucks a share from 146 due to the company's same-store sales

growth. now while some analysts on wall street are skeptical of boot barn calling it a fad thanks to the western drama yellowstone. the show is set to make a return on the paramount network two months from today after a brief hiatus over differences between star kevin costner and create or taylor sheridan. costner will not be on the show. i'm going to miss john dutton. aren't you? but his daughter, she's rocking it. boot barn shares are rocking it too capitalizing on the trend. share are up right now 9% up 81% year-to-date. activist investors giving no love to southwest airlines while elliott management appears to have succeeded now enforcing a boardroom shakeup. the pressure the hedge fund has put on the company is grounding the stock. aviation icon frank lorenzo no stranger to wheeling and dealing in the industry with the likes of donald trump and carl icahn.

the former ceo of continental airlines is here to react to the southwest news and to share insights on what's right and wrong with american air travel. it's first on fox business. and nobody would have bet that when these two seventh graders met in gym class way back when that by their senior year of high school they would start creating music in the basement of their los angeles homes, and eventually create two friends. what they basically did was do remixes that would take them from being played at frat parties to the stage at the famed coachella music festival. the dj duo have become a massive deal in the music world so big they just dropped their newest album, at madison square garden. how do you do that? well i got to sit down with eli mandatory evacuation to hear how they went from middle school buddies to dominating the music industry with their big bootie mixes listen to my late everyone talks to liz episode on

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(wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio. (wife) what about commission-based products? (fisher investments) we don't sell those. we're a fiduciary, obligated to act in your best interest. (husband) so how do your management fees work? (fisher investments) we have a transparent fee, structured so we do better when you do better. at fisher investments, we're clearly different. liz: breaking news. you've got to look at the price of west texas intermediate that is the only that sells here in the united states. it is dropping in the after market by about 4%.

brent down 3 and one-third percent and demand fears offsetting the potential impact of tropical storm francine at this hour. oil settled at it's lowest level today since december of 2021. here is the big worry. production will be impacted by tropical storm francine that would normally punch up prices and the port of new orleans shuttshut terminal operations, t this demand is drying up out of china. the chinese picture is really frightening a lot of people. you've got many oil companies on the screen, in the red. some of this is they have cut production in the gulf. exxon-mobile has shut its refineries today cutting production to as little as 20% ahead of the storms landfall. shell is also shutting some operations in the gulf. okay, well, jet fuel. right? everything is related. well, let's look at jets and

southwest airline shares are off the lows of the session but experiencing turbulence down about 1.5% after the discount airline surrendered to pressure from activist investor elliott management to shake up its board. former southwest ceo and current executive chair gary kelly forced to retire basically after the company's annual meeting next year. southwest also announced six board members will leave in november. four new members will be appointed. elliott wants more than that. they are demanding 10 seats and have put up names including four former airline ceo's and they want ceo robert jordan out of the c-suite. elliott blames jordon and the board for the 52% hit the stock has taken since april of 2021 as the budget-friendly airline waves the white flag, let's call it egg shell color flag. the founding father of discount airfares is here to weigh in frank lorenzo is the author of "flying for peanuts" the story of how the son of spanish

immigrants put himself through college by driving a coca cola truck to eventually running texas international airlines and running continental airlines from 1981 to 1990. the capital founder and chairman joins me now, first on fox business. frank, welcome to the show, thanks for coming. >> thank you, liz. liz: big news with the elliott pressure on southwest. what do you make of the motivations here? >> well, 10% ownership means something and that's what they're exercising right now. but i have to say that elliott's going to have to be very careful, because it's very easy to want to raise fares, to change strategies in order to squeeze more money out of your loyal passengers. it's very easy to do that on paper but i had an experience where we brought somebody in who immediately raised all the fares, and we could see that

our traffic just really went away, so they are just going to have to be careful in this balance because southwest has had a very attractive strategy over the years. liz: they have put out this letter and it's right there for everybody to read on the internet and elliott basically says and they quote nameless big investors. they say i have zero confidence in the team that is in place right now at southwest. they can't get it right. the ceo is a headwind to a turnaround firing him is a tailwind. do you think bob jordan can hold on here? >> well, you know, i can't speak to their individual management situation. i don't know bob jordan. i've met him but i don't really know him, so i can't really speak, that's not fair. liz: but the new york times makes ate a very interesting pot and they say of all of the airlines southwest is the only one of the big four in existence right now to never have sought bankruptcy protection and is profitable

throughout roughly 50 year history. >> oh, for sure. southwest had a great model and its done extremely well and very good manning over the years and that's exactly my point about being careful about disrupting that in the interest of thinking you can just raise fares or cut back services or just change the model that rapidly. liz: well you are the godfather of let's just call it cheapo fares. you called them flying for peanuts and back in the way in the 70s you came up with this idea to this is how i look at it to democratize air travel. it was very expensive back in the 70s really only for the wealthier and you came up with this idea to do the no-frills flights where people could fly for incredibly cheap fares. you got pushback back then didn't you? >> well, yes, liz. in fact what we did is we filed with the civil airport as you had to before those days even before the airline regulation

was passed and we did it as an experiment to see whether more people would fly if we cut fares, and we named them peanuts fares, and of course, it put texas international on the map. liz: these were the old posters from it. you even had a mr. peanut of planters peanuts greeting people at airline gates. they made a big deal of it and people rushed to buy these seats didn't they? >> oh, yes. and the thing is we not only filled our flights that were at peanut fares but we filled other flights that were regular fares, so it really had a double effect on the company. liz: almost like a walmart door buster where they offer something really cheap and people end up walking out with more than they bargained for. except people might go one way at the half-fare. it wasn't that we took every flight in every market and put them at 50% off. liz: you got criticism for it because people said oh, you're

cheapening the experience. that sounds like my parents who said oh, i remember we used to dress up for flights. i'm like sorry, i need a cheap fare and i need to wear yoga pants. it's realistic isn't it? shouldn't everybody be able to afford flying? >> it's funny it saw that, liz but it's exact are when our marketing crew came up with the idea of peanut fares, there were two executives that felt strongly that that would really cheapen our product in much the same way that 10 years later, when we decided to take out first class seats because we weren't selling first class seats but to put them in business they thought we would keep en the airline and it was very successful. liz: very successful. back in the day let's bring up donald trump. you did a deal with donald trump in the 80s where you sold a chunk of eastern airlines under the tia umbrella, you sold it for more than $360 million to donald trump who wanted to start

the trump shuttle between boston, laguardia, and reagan airport in washington d.c. who got the better end of that deal because within just a couple of years that airline, trump shuttle ceased to exist and it fell off by the wayside. >> well, it ceased to exist in name but it's still in existence today, really, in many ways. liz: well for him though. >> oh, for him. well to be fair to the ex-president, we had a terrible thing happen in between the purchase and his when he lost it. that was called the kuwait invasion. fuel prices went crazy and all airlines had problems and to be fair, media never talks about that. they only talk about the fact that he had problems with his loans and he lost the airline, which he did, ultimately. but negotiating with him was a

very interesting adventure i should say for almost a year. liz: are you still friends? >> i haven't seen the ex-president in a long time. liz: but boy that was a big one, when he started the trump shuttle, and he had all of the flight attendants wearing pearls and gold-covered, you know, fixtures in the bathrooms. >> right, right. liz: back in the day. it's great to see you. the book is called "flying for peanuts." what a great story. thank you very much for joining us. >> thank you for having me. liz: frank lorenzo. debate night straight ahead. vice president kamala harris and former president donald trump set to square off tonight in philly. we're going to take you live to the city of brotherly love for the all pre-game action and foreign policy a likely topic as china imposes strict new very worrisome rules for american businesses operating in its country. state departments setting up a big warning on that. one of the nations top experts

on china is here. michael pillsbury. he's here to tell us whether microsoft, apple, mcdonald's and more should be worried about the latest chinese business crackdown. more "countdown" is on the way.

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liz: it's fight night in philly. we are just five hours, 23 minutes away from the first and actually what might be the only 2024 presidential debate. vice president kamala harris and former president donald trump are set to square off on stage at the national constitution center in philadelphia. harris did a walk-through at the site in just the last hour. this was supposed to be the second presidential debate between trump and joe biden. the current president, but that all changed after biden dropped out of the race. the harris and trump campaigns have not agreed to any additional debates so folks, tonight might just be it, right?

the poling this week couldn't be closer. the npr pbs poll has harris up by 1, 49-48%. they are tied in the pew research and harvard harris polls, and trump leads by one in the new york times pole 48-47%. edward lawrence is right in the thick in philadelphia with the details ahead of tonights heavyweight bout. edward? reporter: yeah, should be very interesting to watch this one, liz. you know, i could tell you that vice president kamala harris is going to have to say more specifics about what her economic policy is. former president trump wants to remind voters his economic policies, well they worked. >> and when you look at what donald trump did last week in new york he gave a detailed speech of the economic club about what his policies would look like over the next four years. it's amazing no one is talking about the fact that donald trump has very specific policies that he has outlined.

reporter: so former president trump wants to extend his tax cuts for all americans. he wants to lower the corporate tax rate to 15% but only for companies that build products in the us. the president wants to or former president wants to end ev mandates and cut regulations on american energy for the vice president, she will need to put meat on the vague policies she posted on her website yesterday. >> when it comes to the economy, she will talk about the ways she wants to make sure that middle class families can actually get ahead and talk about her plan for a middle class tax cut. she will talk about the work she wants to do to lower housing costs, the work she wants to do to spur and innovate small business growth. making sure that we can actually increase the deduction for small business owners tenfold. reporter: so the vice president wants to also sign a national rent control plan and target companies using the ftc for price gouging especially in the grocery industry. the vice president will end the trump tax cuts which could increase taxes on just about all

americans as well as increase taxes on corporations. she will add taxes on some investments for some people while saying that no one under $400,000 a year will get a tax increase. she wants to do all of this while advancing environmental justice. we will have to see in about five hours and 20 minutes exactly what details we get for these plans. liz? liz: yeah, especially considering the race is close and by the way everybody, you can watch that debate right here. the action starts on fox business at 9:00 p.m. eastern time. so we don't know the exact topics that could come up in tonights debate but americans will want to hear what both candidates have to say about foreign policy and no one should be surprised if us relations with china come up. especially in light of a new bombshell report in the new york post. the headline reads china poised to embed communist party spies inside us firms including microsoft. the article details a new law in

china that states that any multi-national firm with more than 300 workers needs to appoint a so-called employee representative to the china affiliates board of directors. so let's look at who this could affect. fortune 500 companies that have operations in china include walmart, amazon, apple, google and microsoft just to name a few but what exactly, and we put this in air quotes, employee representative do, and how can american companies in china protect their intellectual property and sensitive information from getting into the hands of the chinese communist party? joining us now on a fox business exclusive is the exact person who can talk about this. hudson institute senior fellow and center for chinese strategy director michael pillsbury. michael is also a former advisor to the trump administration and author of the best selling book "the hundred year marathon" china's secret strategy to replace america. wow, michael. this report indicates that oh,

let's just put somebody inside just to make sure we're overseeing things. some people look at this and say that's a spy. do you think that american companies are going to bend to this , or remove themselves from the country? >> i think they will bend to it, because so many of them make massive profits, liz. it's really an outrageous demand. everybody knows a board of directors for a company as it gets access to privileged information trade secrets, source codes, profit centers, what kind of strategy to follow in the next five years. this is part of a pattern china's had for at least 20 years, in trying to steal the inner workings of a company and duplicate it with a chinese company with subsidies and put the american company out of business or reduce its market share so this is another step in that 20-year plan, but it's frankly outrageous, and i suspect if president trump were president, he be talking to xi-jinping about it and get with iran. the biden team i think, what

they want with china they say is stabilization. no surprises. they are trying to head off a possible war over taiwan or the south china sea so the biden people including vice president harris would just ignore this and say don't worry about it. so he shows you the contrast between trump and vice president harris especially on foreign policy in general. liz: in fact what we did is went on both of their sites and looked into their policies and just so our viewers can get sort of a picture of exactly what both sides want to do. harris has said she would stand up for american interests in the face of china's threats, invest in american workers innovation industry, ensure america remains a leader in the industries of the future, and stand up to china's unfair economic practices. doesn't exactly articulate how she would do that. how would you advise anybody to stand up to those unfair practice ms. spears >>

well the term stand up is i think deliberately vague. stand up often means call out and say something is bad, but not put any pressure on, not raise tariffs. it's a very sharp contrast with trump. i think because of his business experience and also he wrote a book back in 2000 saying china will be our country's greatest adversary. they are the best negotiators in the world. here is what i would do so trump laid out almost 20 years in advance, liz, and then he did it. he got the negotiation started, the so-called trade talks. the biden team including vice president harris has been unable to get any negotiations started with china, whether trade or anything else. they have these missions that go there. say a few words, have dinner and come home. it's a sharp contrast between the two campaigns where trump has real-world experience with success, and a number of foreign policy areas and on the other side, we have the phrases like stand up or she might

as well be tough. liz: right but that's the thing. we want granularity on how people, how these candidates would do it. trump is a lot clearer. in fact he has specifically said support baseline tariffs on foreign-made goods. baseline though he's said 10% for all foreign goods. we'll get to that in a second but phase out chinese imports of essential goods, prevent the importation of chinese vehicles and ban companies outsourcing jobs from doing business with the federal government. that is much clearer; however, we're a business network and a lot of businesses are worried that heavy tariffs on china will drive up the cost and a lot of these companies in the us source some of their parts from china. much less since the dramatic mess that we had with the supply chain but are you worried about being too heavy-handed? >> no, i don't think so. i think the vagueness is actually more dangerous for american business. one of the things the chinese

themselves have been writing about for several years now is the prospect of war with america over taiwan or the south china sea. mr. trump's campaign keeps repeating. he doesn't want world war iii, and he's afraid he uses the term, liz, stupid people. if they get in the white house these so-called stupid people take us to world war iii, means taiwan and south china sea so that's the real danger to american business is a shooting war getting started, as opposed to trump by now still calls xi-jinping his friend, you know, and he's going to restart "the talks." i have no doubt even during the transition. liz: you know it was interesting when undersecretary of state under president trump keith crock was the first us highest-ranking us official to go to taiwan in decades, many many decades, and some people said well that's poking china in the eye to send a very important government official to taiwan and keith crock is very very

hawkish on china, and he said i've gotta go to taiwan. it was pretty dramatic move and of course we saw nancy pelosi go to taiwan. both sides are a little aggravating to china are they not? >> no, i think the biden side is more aggravating to china. we have president biden four times saying on television, that he will defend taiwan, even though he knows it's part of china. he claims it's part of china. trump never talked that way. seven presidents before now have never talked about explicitly defending taiwan as if the american side is seeking a war. you remember there was even comment about shooting down nancy pelosi's plane in the chinese press when she made the visit. this is not the trump approach. he's looking for stability. he talks a lot about how china can buy more american products greatly increase american jobs, a million more jobs i think he

talks about in the manufacturing sector if he can get the china talks going again so i think the real danger here is incompetence and inexperience on the part of vice president harris and not to mention, tim walz and his love letters to china, which had been well-reported even in the mainstream media. liz: yes or no last question. if one of these ceo's of a us company with a footprint in china asked you, should i pull out or should i allow an employee representative aka chinese spy, let's call it what it is, inside my operations, what would you advise? >> i would send them to the white house. i would say this is the kind of thing you need a presidential backing for that we just can't have a communist country demanding so-called spies on board. its got to be something the president works on. not the individual company negotiating with the chinese dragon all by itself. liz: michael great to have you

and your expertise thank you so much. >> thanks liz. liz: wall street is also keeping a keen eye on tonight's debate. will kamala harris expand upon her economic plans? will donald trump be able to tie her to the biden economy? will crypto be a topic into charlie breaks it, next on the "clayman countdown." (psst psst) ahhhh... with flonase, allergies don't have to be scary spraying flonase daily gives you long-lasting, non-drowsy relief. (psst psst) flonase. all good. can i have another pancake? from full house... ...to empty nest... ...to free birds. vanguard personal advisor can help you prepare for every chapter. we got this.

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liz: fox business alert, only one of tonight's presidential debate participants has a stock named after them and shares of djt, donald j. trump truth social stock higher than about 3.5% at this time and including trump who is the majority will be able to sell the stock that they own. affecting in march of expiration and get to charlie gasparino. >> putting this money in and going between 2-3 billion and a lot of money. liz: that could force the stock down. >> controls 57% of the company and it's highly volatile stock

and the mean bet here is that he doesn't sell. this is a meme stock. in this sense, it stands for something. what does meme -- we throw this word around a lot. really, meme stocks stand for something other than a sound investment, so-to-speak. the people bought amc sticking it to hedge funds short on the stock and us against them mentality. same thing with gamestop. and it was a movie made on it. we should point out that all the meme stocks are way down from their highs and they had a moment in the sun and then they're not there anymore. these are mostly horrible, horrible investments and meme stock with djt and the people indicting him and the stock took off on all those charges that were filed against trump but the problem is here that from a fundamental standpoint, it has

real pro problems and loser groh and lose ago ton of money and twit service connected a rough company to run and 15 times bigger in terms of balance sheet and bigger and more successful and even then it's questionable how much money it makes. then the other thing and you really, if you really want to get into this, now it's moving higher right now because it looks like donald trump is pulling ahead in the betting averages and interactive polls and nate silver thing has him up substantially and, you know, the times poll hid him up 1 over the weekend. liz: the other poll down one and her up. >> and he underperforms on those types of polls and nate silver is a very good one because it's more about odds of him winning not just popular but electoral college and be that as it may, that's why the stock is moving but be really -- i can't tell you, you are taking a fly on this one if you want to support

donald trump, give him a campaign contribution. i mean, this stock has got some, you know, i'm not saying don't buy it, just go in it with your eyes open and he faces legal problems right now. he could find a way, there's a way to sell it that won't put too much pressure and get a single buyer instead of just selling it out in the market. if he just starts unloading shares, watch out. liz: charlie. >> i'll be watching to see if he mentioned crypto. i bet he mentions it thee times. liz: there's a lot we want to hear about.

thank you very much, charlie. apple shares, let's check in on them. 24 hours after the tech giant unveiled its iphone 16 yesterday jam packed with ai and shares down a third of a percent and count down closer said apple's quiet advancements in ai will make it the first company to reach a $4 trillion market cap. so do you buy it? david is joining me. >> it's great for the shareholder and big tech companies and you've got to find a new way to generate revenue. apple has 2 billion customers today. that is a significant, significant group of people, third largest in the world and think about it as a pre-ai apple, which was an amazing allocator of capital and

revolutionized the world and taken ai to the most important consumer devices ever and they've integrated across the board and right to note they're calling it apple intelligence as opposed to just saying a and i recollects a lot of ai is functionally on your phone or device and getting out on the internet and giving information away all over the place. it's an exciting time and even siri getting upgrades is really excited, but they're going to be using openai on that and she'll now begin to integrate with apps and you'll be able to say things like hey, send my wife pictures from barbecue last weekend. liz: done. >> done. when we get efficiencies like this, this is where ai is really going to get integrated into society, integrated into our lives and apple's position exceptionally well for the future and i believe we should get into this stock and

certainly be buying on any dips if there's weakness. liz: yes, but will it understand send all those pictures but leave out the ones where i look bad? david, we are getting cpi for the month of august. what are you expecting for consumer cpi? >> expecting inflation to look like it's in check right now. i believe it's not in check and don't think powell stomped out inflation embers and we'll see a lot more as rates get cut. liz: david, my friend, thank you so much. here comes the bell and how we started is how we end and it's the dow and crypto and there holding the debate.