consequences go back to 1912, woodward wilson elected president and the majority in the house of congress in the next year 1913 the federal reserve and personal income, ironically wilson was long opposed to the central and bank and are you kidding me it's a system run by private bankers, why would they surrender the money trust. every democrat on the senate conference committee voted for the federal reserve only four republicans did i'm not sure what swayed wilson but we know the creature from jekyll island was born with much fanfare and a whole lot of promise they would smooth out the business cycles number boom and bust they would correct the problem in elasticity with currency is more elastic now than gumby. it never lived up to the hype, taxes, forget about it they are absolutely crushing us to items that were dealing with today from 1913, elections have consequences. >> did you say gumby. >> he can walk into an any book

with his phony pal. liz: half of our audiences like what is she talking about, thank you very much we are at the start of arguably the most important week in four years for the market, wednesday the federal reserve is expected to do for the first time what it has not done in four years lower interest rates ahead the dow is all jacked up right out of the gate look at the intraday chart they propelled the blue chips of 340 points to an intraday record of 41733 the dow needs to be up 169 points for the record to stick, we are there, we have it up by 238 points, for the rest of the markets a mixed picture in the s&p in the green by five points don't think if it goes negative that's a problem, the s&p is less than 1% from record

territory the nasdaq has not been in the green at all it's down 96 points but off the low of the session, russell 2000 of nearly eight points if there's an individual stock problem you can point to apple is the worst performer on the dow, it's down by 2.8% followed by amazon and boeing and unitedhealth group the chp infrastructure arm is the worst performer on the nasdaq 100, analyst are scrutinizing shipping times ahead of friday with the new suite of iphones the iphone 16 arriving customers hands they seem weaker than expected demand, if that is the case why are at&t, verizon and t-mobile all hitting multiyear highs, at&t the leader up to and three quarters% on track to close at a three year hi, reuters reports it is an early-stage talks to merge the directv satellite service of which you own 70%

with echostar's dish look who is here to ask and we can ask about all of it at&t ceo john joints becoming up in just a few minutes you cannot miss that. in the meantime the number one question for the overall market, what will the fed do on wednesday, 100% odds jerome powell and company will cut interest rates for the first time since 2020 but by how much a more conservative 25 basis points or more in a fascinating turn of the temperature gauge on these things if your complete geek like us, the very fresh data right now show the probability of a larger 50 basis point shock, it is increased from a measly 13% last wednesday 239%, 61%, 61% for 50 basis points but the two day meeting kicking off tomorrow, the implications for the market are

enormous so we said let's bring in somebody it manages an enormous amount of money federated hermes steve, the market as a backdrop, what do you think the fed should do and what do you think it will do, two different things. >> indefinitely should do 50 there behind the curve just like behind the curve and 21 on the other direction, they tend to get backward looking unfortunately, pretty academically oriented, we are becoming concerned, the economy is clearly softening up the unemployment rate is raised 5.4%, the inflation numbers are close to what i believe in formal target which is to it half percent, everything is inverting from where all the drivers of the great bull market and tech stocks are now inverting for investors their shipping under our feet and likely to come on wednesday, i hope they do 50, they're going

to need to do a lot more, there behind the curb were expecting the cycle to get us down to two and a half or 3% on the short-term money market rate and the tenure is where it's going to end up somewhere around three and a half, there should be real action on the short end that is re-inverting the guild curve in a big driver of the bull market and tech stocks, we are much focus on validity and the near-term we took money off the table in early july and were plain for big rotation into small caps encyclicals in a defensive value, that has been working so far and we think it continues to work in this environment. liz: it continues to work but what does that say for our viewers portfolio which have a bunch of the mag seven names that are still in their, can we were looking at some of the

stats since the s&p record back in july 16, the mag seven down five-point to percent, can we continue to see in extension of the bull market, the multiyear bull market if big names like nvidia and microsoft don't come along for the ride. >> you can it is just math, we are not expecting the stocks to be down 30% or something scary the fundamental long-term are quite good everybody knows that, et cetera, et cetera they got ahead of themselves but if they drop another 10% from here you have 30 plus% of the market drop, the other side of the market which is not at all time highs and not even near it some of these are very cheap, the other 60 or 70% of stocks can go up 20 or 30% in the market can grind a little bit higher which is where we are we think were in a grinding action in the

rotation. as long as people are diversified and you gotta get money on the other side of the market that would be my advice we are not expecting a crash, unfortunately. liz: to do and if you look at the data, today we have a very fresh piece of data the september empire index report and manufacturing read for the new york entire state and it was a surprise to the upside, 11.5, the estimate was down 4.8 that is a good sign if you look at that plus a slowing for cooling labor market you're still in the soft landing camp and no recession even though the tenure in the two-year have on inverted in the tenure is higher than the two-year in that indicates that suddenly we're going to have a recession? >> we call it a rocky landing, that empire may be pretty

volatile in the manufacturing sector has been on some measures of recession for 18 months, that's good that they finally got a decent number out today but the last several have been weak at empire manufacturing, manufacturing is soft for sure and that's one reason why we think the fed has got to get going with the rate cuts we think they will and we hope that they do 50 and on wednesday i would not be shocked if they only do 25 but they're going to do more over the next 18 months for sure. it's good to see you, thank you very much, you gotta set the dvr for all day wednesday what is going to cut undercover the action at fox business 1:00 p.m. eastern were to go commercial free, the rate decision comes down to p.m. eastern and jerome powell's press conference begins a half-hour later that will spill into the final hour of trade and at "the claman countdown" we will have complete coverage of the market reaction

it is not as good as the browns in the super bowl but certainly the chiefs. a failed marriage decades ago could head to the altar again new reports say at&t directv could again be looking to merge with echostar's dish network as satellite tv tie up that was not in the stars back in 2002, is the timing right now, no fox business exclusive we will ask at&t ceo john stankey "the claman countdown" is coming right back, dow jones industrial 224 points at&t stock at a record. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away.

rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. as the world is growing, it needs copper, scandium, cobalt and gold. these metals power our technology and sustain our everyday lives. doubleview is transitioning from exploration to development. ready to meet the challenge. doubleview.

(♪) check in time is 3:00. it's 2:55. i know. is this what he's doing now? as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. no games. no fun. yes, coach. i meanwhile, at a vrbo... when other vacation rentals make you share your turf with a host, try one you have all to yourself.

liz: fox business alert at&t stock is hitting the intraday price since june 3 of 2021 when it closed at $22.33 is at $22.30 earlier it hit the intraday high, multiple headlines started late friday and spilling over into the weekend have investors snapping up the stock, friday night around 7:00 p.m. eastern time, to bombshell report it to take bloomberg and reuters reported the telecom with the joint venture capital tpg are in talks to merge rec tv with dish at&t owns 7% owned by echostar, saturday after a two-week stalemate between disney and directv that had all disney owned channels including abc and espn go dark on the surface, the two reached a new distribution deal just in time for college football games on saturday in the emmy awards on sunday, now only four days away from the

iphone 16 hitting apple and at&t store shelves, here on the fox business exclusive to break down all the news and excitement is at&t ceo john stankey from at&t headquarters from dallas, welcome you guys also reached an agreement with the union to end the work stoppage, another boring weekend in your life. >> it was another typical weekend of my life is good to be on with you we have to agreement this weekend, both with the west coast in the southeast union a good weekend let's tackle the directv merger, a lot of people believe this would make sense as a survival mode and a streaming focus world how do you see it. >> i'm probably going to disappoint you but typically we don't comment on speculation especially on m&a related stuff but to the second part of your

comment we clearly saw that this particular part of her business was in a secular decline a number of years ago and that's what prompted us to set up the joint structure with tpg and we have a separate independent board that manages the asset and is done incredibly well in generating returns and cash flow in the right kind of operational decisions that are consistent with the lifecycle that the product is on we have been pleased with that and we continue to be pleased if that's how we need to run it moving forward but the team has done a nice job with asset. liz: i know you cannot comment if i can spread it to a general topic, back in 2002, the media landscape was different back then when it comes to competition, youtube tv, they did not exist, satellite tv has become a rural necessity if you

were to make another go at the merger, how would you at&t formulate a plan to present it that would be palatable to the regulars. >> i'm not involved with writing the business separate management and the question to that, things have changed remarkably, there is broadband everywhere you beat funding commitment that is going to ultimately finish off the last 12 - 50000000 homes and robust internet access in this country there was a lot that were not there and a lot has changed since these assets were considered for accommodation. liz: i get it, it was an incredibly busy weekend and what was the fact that there was an agreement between disney and directv you don't run the business but it looks like a pretty significant deal you

think is a lot between bob iger over at disney. >> and big everybody's happy there was an agreement i was under a lot of pressure from my two sons who are football junkies that were asking me it wasn't going to get taken care of, i did not let them down. liz: you did not, it was a big deal because my family in california a lot have directv and they were worried they would have to go somewhere else they had to go since somebody of all things cable to watch the debate and anything also they wanted to see. i know the u.s. open fans were not thrilled, this is a good deal with this deal you can bundle and sell disney channels by genre disney got more money they're happy about that but how do you think that will help the business? >> i think customers are going to be buying their video and entertainment a lot of different ways moving forward, that is really fundamental as why were investing in infrastructure like

fiber we see the dynamics of more delivery better entertainment and more delivery of video into the home as well as content generated locally like videoconferencing for work has to go up street into the network as being the major driver as to why you need robust broadband infrastructure that only fiber can deliver. as entertainment industry delivers induced humor business models delivering entertainment packages that are set up for genre or different streaming options we think having the right infrastructure in place to meet that demand is where we should invest in our capital and were the returns for at&t are. liz: tv is one thing, the iphone is another people are living and dying by their iphones i don't know what it looks like for the iphone 16 but the analyst right now say maybe the channel checks and there's a thing out of it coming out are looking a little soft when it comes to demand because people feel openai the

artificial intelligence or the apple intelligence is not would be automatically in the phones but you're going to have these on the shelves what are you seeing as part of his demand and interest. >> we started taking preorders over the weekend and everything has gone really well from our point of view it's been a smooth introduction of the new device there's obviously a lot of demand that generated every time apple brings a new device out and were pleased we got to the first couple of days without any hiccups or volume related issues we are excited about what comes on friday and we can have good inventory and smooth delivery that was preordered from us they have great deals on the market and really attractive pricing so we can meet all of our customers needs and welcome anybody into the at&t family who might like to come in and try our award-winning wireless network or combined with great fiber solution we feel pretty good and i think apple's point of view

which is probably accurate to software-based introduction and while there introducing the hardware portion of this on friday as you know some of the a.i. capabilities that you mentioned will be a fast follow a little bit later in the month and this could be one of the things that we see demand slowly start to build as a feature start to hit the market and people become more acquainted with them. >> it makes sense because maybe it's off to the beginning and when the software features are updated i'm hearing you say the phone guys like you have to offer big subsidies they are covered by you not necessarily apple there's a lot of fine point, is it fair to say that your demand for the iphone 16 that you are seeing is better than the demand for iphones last year or less?

we are seeing a similar cycle to what we seen in the past and we try not to over roll tape on any one or two days worth of activity we see these things look lumpy as we can move through them, by the time we get through this week we will have a better sense of what this looks like versus last year. but were really pleased with the rollout. >> talk about the rollout of your infrastructure you are building a much more of this in this the big three, t-mobile, verizon and you guys and there's always a competition but when it comes to extending broadband, this goes back to the directv issue were regulators may be okay with a possible merger with echostar and dish, the rural people are left without a lot of broadband and you get a sense is going to bring more market share? , when it comes to ruling out fiber there's a big one, that's at&t followed by anybody else was trying to chase it, we feel

really good about where we are, this is a generational technology, it is no different than the dawn of wireless, early on we saw wireless and for structure being deployed and it was a unique thing to have services in one geography but we did not take her mobile phones into another city or at least expected to be a seamless experience but over time these networks got big and capable and started getting integrated and fiber is going to be next and infrastructure in the united states will be the premier way to get broadband into fixed locations. is going to be the backbone of all great wireless networks and at&t is leading in the amount of fire that were put in place and we intend to keep that and continue to invest in a way that allows us to be really effective in meeting our customers needs with the best product in the market. liz: finally would you push to go in a bigger way to offer high-speed broadband through wireless networks, something

verizon is trying to do more of. >> we do that today we see a place, there's certainly some customers and businesses that have an all wireless solution, it is the best choice for them but for large households and households where there's more than one person in them and any place that is doing any kind of reasonable amount of entertainment that you described earlier in our discussion, we think fixed infrastructure is going to be essential for that and we certainly want to play in that space and that's why were investing aggressively and fiber which we think is a sustainable long-term play for a business. liz: it is a fascinating business witness by friday, saturday and sunday and all you had to deal with it's great to have you. never a dole moment, it's always great to have you, we appreciate you coming on. liz: john stankey of at&t, as the eyecare giant stock sees a

big move higher we are going to tell you why the parent company could be disposable as his contact lenses in tiktok creators have their say and court, were going to take eli to the d.c. courthouse were opening statements begin in the foreign ownership of the social media company that is mattering about to some american citizens who have started businesses on tiktok, "the claman countdown" is coming right back. gum problems could be the start of a domino effect parodontax active gum repair breath freshener clinically proven to help reverse the 4 signs of early gum disease a toothpaste from parodontax, the gum experts.

♪ oh in a harbor, there was a port ♪ ♪ the busiest port, that you ever did see ♪ ♪ now the boats move the goods ♪ ♪ good jobs for the people ♪ ♪ the people build the city ♪ ♪ and the city comes to life ♪ ♪ and the life has a rhythm ♪ ♪ and rhythm has a home... ♪ jpmorganchase invests in infrastructure to help create more jobs here at home. ♪ make the green grass grow all around all around ♪ ♪ make the green grass grow all around ♪ ♪ (woman) did i read this? did i get eggs? where are my keys? (vo) don't wait while memory and thinking issues pile up. these issues may seem like normal aging but could be due to a buildup of amyloid plaques in the brain.

amyloid can build up over time. the sooner you talk to your doctor, the more options you may have. visit amyloid.com for additional information.

♪ (girl) wooo! ♪ ♪ the world needs more metals to empower a growing population. west red lake gold is embracing the opportunity with unmatched expertise and rapid production. they plan to pour their first gold in 2025. west red lake gold, mining done differently.

dear doctor k, i used to think i was never meant to be beautiful. i was teased because of my teeth. i didn't like the person looking back at me in the mirror. i never thought i could afford dental implants. you and your team work within my budget and helped me feel confident in the plan we made together. i love my new smile. thank you. congratulations. you have a beautiful soul, cynthia. finance the smile you want for as low as one forty eight a month per arch. schedule a free consultation. investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes.

liz: tiktok fighting for its life in federal court, opening statements and oral arguments finally taking place in the case over the future of the popular social media video at, tiktok parent company by dance a chinese company is suing the united states government over a law passed last april that could ban the app if it does not sell itself to a u.s. buyer, congress, bipartisan overwhelmingly voted for the law which cites national security concerns. it was then signed by president joe biden it's a law, tiktok claims the new law is unconstitutional, grady trembles outside the d.c. circuit court of appeals with the details on today's hearing, any exciting moments so far. >> there were a lot of questions from the judges but it didn't give us an indication which way they might be leaving, the three judges did not make any

decisions today that they listen to arguments from both sides, the attorneys who represent tiktok and content creators, people who make videos on the app they say this potential divest or phase a band law, that it violates the free-speech rights of not just tiktok as the company but also the nearly 170 million americans who use the app. in his opening remarks today or his opening brief, the attorney representing tiktok did not bring up the fact that the parent company is based in china and thereby subject to control by the chinese government, when the three judges question him in the attorney for content creators, the focus on the concerns related to the ownership structure, at one point the content creator attorney made the analogy that this law is akin to the government banning a bookseller from selling a book from a foreign author but what of the judges took issue with that.

>> were talking about a determination that there is a foreign adversary that is potentially exercising covid influence in the united states it's very different from selling the book. >> she says is very different from selling a book, the judges appeared skeptical at times at the d.o.j. attorney who tried to make the case about the national security concerns related to tiktok, the biggest concerns are that china could collect data on the users and manipulate content as they were calling in court today which is pushing propaganda to people using the app, the chief judge question the first amendment implications of a band. >> it seems like he gives arguable force to the other side for some of the argument it's not just that the government is targeting key ration that occurs abroad, it is the reason the key

ration that's been targeted and the reason is a concern about the content consequences unclear which the judges are leaning in this case this was opening arguments, the beginning of what could be a long process lasting weeks maybe even months and possibly going all the way to the supreme court, we will see. liz: kind of amazing a chinese company is able to use the u.s. court system to argue for itself, the chinese will probably never allow us to do that, we are better we hold ourselves to a higher level, thank you we appreciate it, fox business alert take a look at the real and north land initiated the reseller of everything from louis vuitton purses taguchi outfits with an outperform rating and a 6-dollar

price target, the stock is up 4.6% to $2.82, the firm says strategy shifts led by the real new ceo had changed the company's trajectory and they say real is poised to improve profitability, the stock has been improving certainly over the past year of 39%, quite the looks from investors, is hitting a 52 week high today after the financial times reported the i healthcare company is considering selling itself as a way to separate from its parent company bausch health, it is a 15.7% the financial times reports that there were given goldman sachs advisors and expected to be a private equity target. crowdstrike at the top of the nasdaq 100 after it announced an expansion of its partnership with nvidia and amazon aws to power the next generation of a.i. and cloud security

startups. crowdstrike is down double digits about 12% since the global tech outage on july 19 led to world wide flight cancellations and impacted industries around the world, the stock has been hit and there are lawsuits whirling around but the retention rate of crowdstrike has remained solid. in the. assassination attempt foiled yesterday by the secret service, former president trump in the crosshairs for the second time in just two months, will have any impact on the race for the white house. our political power panel shares their thoughts. from a very young age, this girl had a love for all things sweet but when she was diagnosed with stage two cancer at 22 she vowed to overhaul her diet, no dairy, no gluten or cheap oils but many of us cannot give up chocolate p cookies she decided to walk into

a local whole foods to picture all healthy cookies to the pastry buyer, the rest is history, the first-order that lauren castle of sweet lawrence cookie dough has led to the company to it being company's 25000 stores nationwide, now she is really expanding a variety of cookie dough flavors, pizza costs under cross puff pastry, breakfast biscuit lauren castle knows how to satisfy the craving in a healthier way, she is growing the business, imagine a cancer diagnosis sparks this, how does that happen, listen to my podcast episode the drop this weekend apple, google, spotify, iheartradio wherever you get your podcast search it out everyone talks to liz we're coming right back, the dow is holding onto twitter ten pointed gains. 's ♪ but he is an

"i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart ♪ ♪ as time went on, it was easy to seeee ♪ ♪ i'm lowering my a1c ♪ jardiance works 24/7 in your body to flush out some sugar. and for adults with type two diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital, yeast, or urinary tract infections. a rare, life threatening bacterial infection in the skin of the perineum could occur. stop jardiance and call your doctor right away. if you have symptoms

of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell ♪

liz: the martin county sheriff office release body camera video

showing yesterday's arrest of brian wesley ruth following an assassination attempt on former president donald trump he was charged with federal gun crimes in federal court in west palm beach, officials say the 58-year-old pointed a rifle through a fence right around trump's florida golf course were the former president was playing a round of golf, this is the second attempt on trump's life in the last nine weeks joining me like democratic national committee robert zimmerman and steve cortes to discuss this, robert, donald trump is blaming the hot rhetoric and he's not the only one, the rhetoric coming from the harris biden can't about casting trump is a threat to democracy at this point must we really see the rhetoric tamped down. >> first and foremost i know i speak with and for democrats and

republicans we all come together as one country, grateful that donald trump is safe, appreciative of that and also very grateful to the secret service of how they responded in the police in florida is a great tribute to her about enforcement secret service, that's very encouraging and important, let's be very realistic about this the active individual is not because donald trump was challenged about his conduct and approach to democracy use challenge on the issues it's not because of that this is a deranged sick individual, let's be serious about this is the idea that republicans attack joe biden or kamala harris, did they speak up and condemn donald trump as mitch mcconnell said he launched a terrorist attack on the capital january 6, did they ever criticize donald trump when he mock the brutal attack on nancy pelosi's husband were when he said shooters and protesters should be shot in the legs, he is engaged did not just advocating violence but more to

the point he promoted groups like the proud boys advice and promised to engage in violence as well, i don't see steve or any other republicans speaking of condemning that violent language. >> robert, you are spreading absolute propaganda, for exa example. >> when you say he supports white supremacist, let's start there you made so many lies and false accusations, you are probably referring to the charlottesville hoax which is just that it's a myth, made a propaganda myth, you never praise bigots in charlottesville, he explicitly denounce them. hold on, you said he supports white supremacist, are you not taking that back on live television because he didn't. >> he had dinner with kanye west, kanye west was a holo holocaust, nick fuentes a neo-nazi sympathizer it's all on the record, why have you not denounced donald trump for associated with people like t

that. we are barely 24 hours away from donald trump having faced a second assassination attempt in two months, the first time as resulted in actual bloodshed in a gunshot to the head and instead of you recognizing there is a lot of rhetoric in this country that could drive and balance people to do really crazy and violent things, instead you are doubling and tripling down on the lies and the explosions this musing propaganda against donald trump. liz: let me talk about what donald trump said in the aftermath, thankfully he is okay and he said he is okay he is forging ahead, obviously it's unbelievable that this is the second time in nine weeks, as we look toward election day we are already, today is the deadline for pennsylvania in the county board of elections to start processing application for absentee and mail-in ballots, early voting is going to begin and a lot of other states,

looking at the trend it is a dead heat, money may make the difference with all of this, donald trump already came out after his second attempt at shooting to raise funds by talking about it, have you heard any numbers on how much money is coming in. >> not yet on the most recent fundraising but i will say this, kamala harris and the democrats will undoubtedly be better financed than we are on the america first side there is a good reason because you represent big business, the oligarchs in the ruling class they have a vested interest in trying to make sure that the garbage delete crony system maintains itself for their benefit for the detriment of the masses of working-class americans, i have no doubt that we will be outspent but thankfully the race is not only about money is a good port and component the about people's votes and what people are going to see once again in trump's reaction to the assassination attempt he is brave and a fighter in the first assassination where he was shot in the head they saw his

physical bravery his tenacity in pennsylvania as he stood up and exhorted his followers to fight on. in this attempt thankfully we did not see bloodshed but we saw the same kind of fighting spirit in that same fighting spirit that will take on the ruling class with significant points. >> were all grateful that donald trump is safe in law enforcement and i agree we have to do secret service should receive more support from congress without question, let's remember something when you cut through the rhetoric i need dramamine to go with your spin, if we were to ever restore normalcy to our dialogue we have to make sure that we take on those with extreme misconduct dinner party. >> to the point steve just said she is the party of big business and you are ready to jump in. >> first i want to finish a point, attempt undertaken on the

extremist from the far left, you embrace new support, the extremist to engage in hateful rhetoric on the right. how dare you say that i do not that is a lie, young 0 proof of that, why would you say is a poor extremist. >> mitch mcconnell attack donald trump or inciting a terrorist attack, you never condemn donald trump and you still support the lies about the election, to liz's, about the economy let me be clear. >> i'm not going to allow you to come on tv and say i support the premises without you proving it, prove the accusation that's one of the most accusations you can make in 2024 america and you have 0 proof. >> robert on the business, it. >> i think it's very important to note that certainly among small business and amongst those who want to restore stability to our economy and keep it growing, kamala harris is doing very well and the reason she's bringing so much grassroots support we want to continue the growth of our economy and turn the page from the negative divisive rhetoric

that we've seen from the trump vance campaign, that's why she's doing so well. liz: last word to steve because you started robert. >> let's talk the economy, housing affordability has never been worse in american history, that is not according to me that's according to goldman sachs own index, in addition to that real wages which really matters to the vast majority of americans you pay for adjusted inflation for the cost of living in real wages have crashed under , here is as vice president, the economic case is crystal clear that america's claimant to return to the prosperity of donald trump and that is brought prosperity. >> kamala harris is beating donald trump on the economy. liz: stephen robert, think you both very much. the security and exchange commission can be given its environmental social and governance agenda the boot? what is chairman gary gensler planted you charlie is about to break that next on "the claman

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 a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required.

♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it.

solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. ♪ ♪ ♪ (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.

liz: fox business alert security and exchange division of enforcement has been quietly winding down esg task force created back in 2021 the move

comes as big u.s. firms from blackrock to a whole bunch of others are cutting the environmental and social government efforts, charlie gasparino with the story. >> by the way that was one hell of a discussion before i almost fell off my chair. liz: what was a hell of a discussion. >> bob zimmerman, i love the guy i learn something new from them every day there is no extremis in the democratic party, the anti-israel people are extremist, by the way small business love kamala harris. liz: we like to focus on business and money and that piece of it, we don't always hit the mark. >> i think you did basically pretty good on the last one, let's go back to the fcc, there's an extreme element for the fcc when it came to esg gary gensler is being sued for the climate proposals making companies disclose how they're going to reduce their carbon

footprint over the years that is being sued on the, he's being questioned wickedly by congress and republicans in congress who controlled majority right now for his entire agenda now something interesting is happening it recently quietly winds down into esg task force this is interesting it was a task force within the enforcement division of the security exchange condition that brings actual cases of security fraud and they were essentially looking at whether companies were lying about the esg compliance with the greenwashing to esg, is started in 2021 and what were hearing right now it is being disbanded and why is being disbanded and we do have a statement that we should put up

and i'll save the time, there it is in the real issues coming significant backlash against esg and come all, the here's is moving to the center link gary gensler will have to move to the center if he wants to keep his job if he does garbage put them into political maneuvering against the in moderate gary gensler, back to you. liz: do you want me to show you how to turn off your phone when you're on live tv. >> was that my phone. >> it wasn't mine. >> speaking of phones at&t stock hitting session highs at this

price of $22.30 at the highest level since june of 2021 a lot of news friday the new iphone 16 is going to hit the shelves at at&t and john stankey the ceo of at&t reporting on an interview on "the claman countdown" we asked him about that he said it looks like the same similar to the number of orders what we saw with the last iphone last year but he also could not comment on the report over the weekend that directv in which at&t has a 70% stake may try to merge with dish he basically said directv has done a very, very good job of formulating and strengthening the business and is very positive on directv, here's what he had to say. >> we clearly saw this particular part of our business was in a secular decline in number of years ago and that's what prompted us to set up the joint structure with tpt and a

separate independent board that manages the asset and is done incredibly well in generating returns and cash flow and making the right operational decisions they are consistent with the lifecycle and we've been pleased with that. liz: john stankey of at&t in the meantime two minutes left before the closing bell wealth enhancement senior portfolio manager. you're looking at a lot of data on the housing market what is your housing pick. >> for housing we like home depot as interest rates come down we think this is going to spur housing activity and it should be positive for stocks like home depot we get the confidence tomorrow housing building permits an existing home sales thursday oracle is hitting an all-time high this is one of your favorites. >> it's been a great stock last week they reported earnings and

a great investor name one of the names will overall cloud in the growth in the cloud and they have 70% of the revenue recurring, it provides stability as we go through the volatile times of markets. >> speaking of stability we may not have until wednesday when we hear from the fed whether it's good to be 25 basis point cut in interest-rate or 50, what is your best guess. >> we think it's going to be 25, they started at 25 when inflation was very high and they went to 50 and 75 afterwards we think they will do the same as interest rates come down. great to have you wonderful news for the bulls it hits a new record high 27th of this year, we will see you tomorrow ♪