jay powell understands trends, right? if he knows what's going on. he understands what's really happening in this economy. forget about the government day a. the he knows the real economy. it's not muddied in his mind. he understands aggregated data where a couple of rich families have offset poor families, right? he knows it's going to be revised lore. he also understandens most americans need relief right now. his rate hikes did not stop food prices from going through the roof, so why should people pay 23 interest rates on credit cards -- 23% interest rates to the buy food? he's going to take a series of rate cuts to make kent in your credit cards. he's a -- a dent in your credit cards. i think he's worried about his place among other fed chairs, and i say that really a because, for him, i say take the first down, jay powell. forget about what the book says, go with your gut. over to liz claman. liz: charles, wait, go back to the whole, um, you know, al michaels thing. [laughter]

i like your sports commentating. charles: thank you very much. liz: look who's on the show this hour, two billionaire investors in a fox business exclusive, paulson and company's john paulson and leon cooperman. both are here to to game the big federal reserve decision ahead of tomorrow's widely anticipated interest rate cut announcement. paulson, a major donald trump fundraiser. chatter is if trump wins, he will name paulson treasury secretary. how would he handle the exploding government debt? and we're going to talk about investing in this wild climate and the 2024 race with leon cooperman, so huge show today. fest, a fox -- first, a fox business alert, the dow did hit an intraday record but right now is in the red by 66 points. any gain at the close no matter how small will mark the 28th fresh peak of the year. the s&p, by the way, also spiked to a record high of 5670, that was just around 11 a.m. eastern

time, right before it maybe. it has since versed and lost all of those gains and is down about 8 points -- reversed. only the russell is in the green, i think, at the moment. well, let's call it, i think, you know, the nasdaq and the russell. but to make it into the record books, the s&p needs to gain 34 points at the close. right now it's in the red. back to the nasdaq. if it can find the green, it will see a sixth day of gains out of the last seven. intel, a big mover, basically in all three major indices. let's show shares of the chipmaker and, by the way with, off the highs of the session but still up about2.7%, adding another percentage there to yesterday's jump. intel getting much-needed buying action after announcing a significant restructuring plan that includes transforming its foundry business into a stand-alone subsidiary, potentially opening the door for outside investment. intel has secured a major contract to provide custom

artificial intelligence chips for amazon's aws cloud computing division. oh, and to top it all off, a $3 billion award from the government's chips act. at the top of the dow dow jones industrials, amazon, by the way, moving higher by 11. apple -- 11%. 1. shares of apple are down just about let's call it a fraction at the moment after "the wall street journal" reported today that jpmorgan is in talks to breathe new life into pap apple's credit card program which goldman sachs, dumped last year. nobody's commenting yet. apple, of course, still caught in yesterday's undertow the sparked by analyst concerns the iphone 16 series, which hits store shelves this friday, shows weak demand. and the south china morning post now reporting chinese online retailers have already cut 10 off the price of the iphone 16 ahead of the official launch. yesterday on "can -- the claman

countdown," we asked what demand looks like right now. >> we're seeing a similar cycle to what we've seen in the past, and we try not to overrotate on any one or two days' worth of activity. we've seen these things be a little lumpy as we move through them, so i think by the time we get through this week, we'll have a better plan but we're really pleased so far. ly las vegas -- liz: fair to say no individual stock has a hold on the markets, it's all about the fed. at this time tomorrow, we will know whether the central bank cut rates for the first time in four years and by how much as the 25 versus 50 basis point argument rages on. we may have already gotten the answer today. let's get to the floor show. bunk key -- the deutsche bank chief global strategist and john stolfus. guy, if you look at the newest data, and i'm specifically talking about retail sales, much stronger than expected month

over month and year-over-year. the economy simply, at least if you look at those economic data pieces, the economy is simply not weak enough to warrant a bigger 50 basis point chop. i think that's what the data the looked like. factory output also looking much better. john, do you agree it's 25 basis points tomorrowsome. >> liz, we've been of the opinion that it's going to be that 25 the for quite a while now, and we've stuck with that. we think that 50 is particularly coming from the trading floors, wherever uh-uh you find high leverage. that's where they're looking to push the fed into a deeper cut. the reality is those numbers show that resilience in the economy that exists in business and in the consumer, and now in manufacturing showing, you know, on a month over month basis some nice pickup there. you've got to think that 25 the bits is a down payment for the fed to make. it shows wall street and main street rate cuts coming but at a

measured place. liz: binky, do you agree? let's just stick with the point that this data today, also add the empire index which is manufacturing in the new york region, came in much stronger than expected, is the can decision really already made treat? there's one other data point that congresswomans out in the afternoon -- comes out in the afternoon and that's the atlanta fed gdp tracker. liz: oh, yeah. >> that's back up at 3%, so that tells you, what, rethe -- what retail sales did to the best forecast from a tracking pointed o -- point of view. that's as solid as it gets. it's well above trend. the data clearly -- and, you know, instead of just today's data, we can take a look at the labor market which is a key position if for the fed if. and what i would point out is that this is sort of a problem of the pandemic recovery which is you start off with very, very high growth rates, then you slow gradually. and, obviously, if you're

slowing for quite a while, you know, extrapolations, yes, you will turn negative at some point. and if you look at the private sector employment, the level, the the year on year growth rate, we started at 10 or 15% that'spandemic catch back up and continued slowing. but for the last 8, 9, 10 months we are very steady at 11.44% -- 1.4% which happens to be the rate of growth of employment in 2018 and 2019. so we already landed. [laughter] liz: let's agree that tomorrow the market is going to do what it's going to do. it may show disappointment ifs the 25 the basis points and not 50. that said, would you simply say hold on to your horses and your position, don't freak out, just toss out tomorrow's market reaction? >> oh, we think that's very important and has been in this particular cycle especially. but if we look back, it goes back to the tart of the bernanke

legacy which is a federal reserve that is highly r communicative, telegraphs its punches -- liz: telegraph your favorite sectors ahead of this. >> i wont to like technology -- i continue to like technology, communication services, consumer discretionary and industrials and financials. those are our favorites, five of the eleven. and we like others within the sectors, but marley those are my favorites. liz: binky -- [laughter] valuations. john just named a bunch of sectors he likes. you've got some you're neutral on, some you're overweight on. i know you just went back to the neutral when it comes to certain sectors. let's just ask you right now, the valuations that you have found -- and deutsche put out this chart -- that this shows while we're not done, we're pretty high. we're not at the highs of the stock valuations, but this is since 2002.

>> right. liz: no, since 1990. i thought we were going from 2002, but, you know, as you look at this, tell me. >> there's no doubt that equity valuations are high, but i would, you know, equity valuation is p divided by e, and e we're pretty clear on, we are constructive. we think growth at sort of 10-11% growth rates in the last two quarters basically continue with the risk that we accelerate. when you think about the p, you've got to think about what drives the p and what drives the p for us is a very simple equity demand-supply framework. there's positioning, there's existing money, how it's the positioned. it's the just about neutral -- liz: well, sense we're not putting them up, okay, neutral. but you're neutral on things like utilities. you actually aren't big on the large cap, right? the mega cap? >> we are neutral them. they needed to undergo a relative performance adjustment. that's mostly, basically

happened. and we're long, basically, going babb to the earlier cushion we were having -- back to the earlier discussion, it is the cyclical parts of the s&p. so we're long the financials, we're long the cyclical parts of the consumer, and we're long materials. liz: well, tomorrow's the big day. and moat both of my guests say we already know 25 basis points, but you don't know until you really know, and it's all going to the happen right here on fox business. so mistake sure to to tune in. it's great to have you both, binky, john, thank you. to recap, the dow and the s&p did hit record intraday highs today ahead of tomorrow's fed if rate decision. the fed appears ready the to make its first rate cut since 2020, and intel leading the dow after a deal to provide amazon web services with a.i. chips and a there $3 billion award from the government's chips and science act has the stock moving higher. the doctor is in. investors in teledoc opting to skip the apple a day.

we're going to tell to you why the virtual health care provider's stock is popping off the doctor's chart. and later, billionaire hedge fund manager john paulson, the finder of paulson and company, is here the tell us why he thinks former president donald trump would be the best presidential candidate for the american economy. it's a fox business exclusive. "the claman countdown" is coming right backful. ♪ ♪

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liz: fox business aelects moderna is getting a shot in the arm and close to the top of a couple of indices after it received approval for an updated covid-19 vaccine from the if canadian health department. it specifically targets a variant of the virus the company

says it will promptly begin delivery of the vaccine seen in canada. shares up 4%. microsoft is moving higher by just under 1%, still in the green after the company announced a $60 billion share buyback. the company also -- and this is a big deal here especially if you think mega-cap tech is going to slow down here -- it raised its dividend 11% giving investors a reason to buy the stock. so the new quarterly payout will be 83 cents per share, up from 75 cents last quarter. in addition to that buyback, wed bush analysts highlighted the stock as one of the a.i. stocks which could benefit from the federal are reserve easing monetary policy. teledoc is surging 12% after jeffreys analysts increased the price target from 8 to $10, it's at 9.15 right now. jeffreys highlighting the stock as a short-term opportunity and pointed to the company's

increase in web traffic for mental health business better health. analysts still see long-term headwinds and kept their hold rating on teledoc. gannett is jumping at the moment, let's put it up here, up 18.7 percent if after citigroup upgraded the stock from sell to the neutral. why? welsh citigroup note three opportunities, specifically asset sales, expansion potential and how a google court loss could indirectly help gannette with its own legal battle against the tech giant. analysts did point out the one risk would be a recession. which we do not have right now. bitcoin skyrocketing as the self-appointed president of crypto, former president donald trump, announces his latest are crypto venture. what is it? what does it co? and what are the details about it? charlie's got with it all. he's going to break it next. and a can't-miss interview coming up with billionaire investor and, yeah, he's been a

critic of the fed, leon cooperman of omega. he will share his wisdom on what he expects the federal reserve to do tomorrow when it comes to cutting interest rates and how it could move the markets and where he's putting his money no matter what. it's a fox business exclusive. it's billionaire big day here on "the claman countdown." do dow's in the red by 45 mobilities -- points and that's followed by s&p down 5 points. but the nasdaq back in the green by 18 point -- by 18 points. ♪ ♪ (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

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liz: after weeks of teasing an official trump cryptocurrency project, the gop if presidential nominee if took to x last night alongside some of his family members to to the announce the details of world liberty financial, a new de-fi platform that's the brain child of don j., eric and barron trump. listeners came away with all kinds of reviews, some still confused about the specifics. others worried that a crypto venture might hurt the inroads the former president has made with the industry. s the not hurting the price of bitcoin, etherium or the rest of the come to plex here. bitcoin, charlie, is up more than 4 percent. what do you think, and do you have more details? >> you know, one of the problems with this and, you know, my produce producer has got a full write-up on this coming horsily on foxbusiness.com. -- shortly. i would say one of the problems is that it was hutch hyped and failed to deliver -- much hyped

and failed to deliver any real sort of substance. people, and i am still grappling with what is this thing and how's it going to make money. it's nominally described as a decentralized lending platform. how it makes money, how it lends to the people, it's supposed to target people that have been shut out of the financial industry to spread, you know, the joys of cat -- capitalism, all well and good, but generally when you have bad credit and you shut out a borrowing and lending business, you don't make a good customer for something like this. so, again, lots of questions and not a lot of details. some of the details that did arise from this involve martin shkreli, and this is kind of a point you'll see in ellie's story. as you know, the pharma bro went to jail for securities fraud. he's been running around saying that he's going to come out with a crypto product that, you know, with -- and that this trump coin

that think he's behind is sort of the official trump coin, that he's going to work with barron trump on all of this. nowhere to be found on this, and he's not involved in the project from what we understand. and ellie has some reporting that the family essentially told barron not to get involved with martin. we do have a call out to martin for comment, and my get that -- well, that'll be in the piece. but if i get it before the end of the show, i'll share it with you guys. be that that as it may, that is kind of the -- [laughter] it's kind of the most detail we got out of this. liz, donald trump is not going to lose the crypto vote. that is clear. the crypto for hearst phenomenal phenomenon that -- for harris phenomenon that went on for a few weeks is dead in the water. they're not doing any more of those things, and the reason is the industry just doesn't buy harris' conversion is, kamala harris' conversion to a pro-crypto candidate that she's now running for president. she's part of an administration

that launched a massive crackdown on crypto, and gary gensler is the sec chair for joe biden and kamala harris. and if kamala harris wins, he's probably going to be the sec chair again, you know? you don't -- it's unclear whether the president can remove the sec chair once he's -- or she is in there. so, you know, he's no fan of crypto, trump has opened up his arms to crypto. so he's not going to lose that vote, but clearly this was disappointing. we should point out that he's got some smart people behind it, you know? i know eric trump, good businessman. he's got steve witkoff behind it, a big fundraiser for trump. he's also one of the top real estate people in manhattan. i've known steve forever. full disclose -- disclosure, friend of mineful there's people behind in that know business, they just didn't show that much. what do they say, all hat, no

cattle? back to you. liz: yeah. all sizzle, no steak? i don't know. we shall see. give it time. this thing was just announced. [laughter] charlie -- >> whoa, whoa, whoa, whoa, whoa, whoa, you wouldn't be saying that if it's, you know -- we judge people based on, you knowing what they produce. you're going to tout something, this touted, give us some bacon here. liz: okay. >> i want bacon, not just some eggs. liz you mentioned steve being a big fundraiser? we got possibly donald trump's biggest fundraiser. up next we have the wall street legend who made billions after predicting and then betting bigtime on the subprime mortgage crisis. paulson and company founder john paulson joins us live in studio on why he's throwing his support and his wallet behind former president trump's campaign and economic plan and why he says investment timing depends on the outcome of the election. it's a fox business exclusive. make sure to tune in early for

fox business' coverage of fed decision day. we're going commercial-free beginning 1 p.m. eastern. rate decision come at 2 p.m. followed by powell's september presser at 2:30 p.m. we will have all the post-presser analysis with a playing panel members in the 3 p.m. hour right here on "the claman countdown." we areing right back. ♪ -- we are coming right back.

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billionaire john paulson, noted for his famed and lucrative bet against the subprime mortgage movement in 2007, one of donald trump's most prolific fundraisers. great to have you, john. thank you for coming on. >> thank you, liz. liz: have you spoken with the former president since this second assassination attempt? >> we speak occasionally, yes. liz: is he okay? everything's okay? >> fortunately, he's in good shape. you know, it's shocking that there was two attempts, but, you know, thank god that he escaped both. liz: it's really shocking and really disturbing. you've been quite the dedicated fundraiser or -- the. [laughter] for the former president. i know you deal with deep-pocketed donors. in fact, the one that you held was the largest ever, incredible amounts of money come in. how much of your time is spent speaking with the potential voting pool, meaning independent voters and more middle class voters who could be swayed? >> well, you know, we did do this fundraiser in florida.

it was the first one out of the gate, and we went to, you know, the high donor if supporters, i called most of them personally, and they were very enthusiastic about getting involved. that fundraiser, you know, off the bat was the largest ever. we raised $53 million for the president in one event, and that was about double what the, what biden, who was the candidate at the time, raised in new york a few weeks earlier. liz: kamala harris is going for the middle class vote in a big way. she mentions it in every one of her speeches. how important do you think it is for whether it's you or the other fundraisers on the trump side to really go for that group? >> well, i think the middle class is key for this election. and who's going to do better for the middle class. and when you look at the facts, the trump policies come out better for the average american. under his administration and the four years average real wages grew about 6.5% during the four years under biden because of the

high inflation, real wages have declined from where they were when it started. so that's why so many middle americans having difficulty with common expenses like rent and food. liz: i would imagine you still see inflation as to high. >> i think it's coming down, but the important thing is keeping it down. and to do that, you need to bring down the deficit, bring down inflation and bring down interest rates. liz: while inflation, as you say, has come down from the 40-year highs we saw back in june of 2022, it's still not at the fed's target rate of 2. the fed is about, if you believe it, to cut rates tomorrow for the first time in four years. you and trump supporters have cited high prices during the biden administration certainly as a huge problem for a lot of americans. by that logic, wouldn't it be better -- and i'm not saying i agree with this, but wouldn't it be better for the fed to hold rates where they are in order to make sure that the inflation is slayed? >> that's a good question, liz.

interest rates work with a lag. so the inflation is likely coming down, and right now the fed's behind the curve. the fed rates is between 5.25-5.5, and inflation is somewhere around 32.5 and -- 2.5 and trending lower. real interest rates are almost 3, and that's too high. they should have been cutting well before this next meeting. liz: we should talk about tariffs because during his economic club of new york speech here recently, the president really pushed tariffs as an answer to bringing in a lot of tax revenue and almost as a panacea for wiping out the receive it -- deficit, saving jobs, and he says it would bring in enough revenue to start a sovereign wealth fund. wouldn't slapping 10% tariffs on imports, the intended effect would be, well, people would buy more american products. but if you buy less imported product, doesn't that bring down the revenue that would come from

the tariffs that are on imported products? >> well, there would be some of that effect. but initially, if you put let's say a 101 average -- 10% average, you know, the tariff plan is to be strategic, to focus op on important industries and in areas of american manufacturing that have faced unfair competition. but we import somewhere over 3 trillion a year of merchandise goods. so if we put a 10% tariff on average, that would be $300million and a 15% tariff would produce $450 billion in revenues. that would go a long way to reducing the deficit. liz: you recently got to play journalists yourself when you interviewed former trump administration from the first administration, commerce secretary wilbur ross who famously, when donald trump the's administration raised tariffs back in 2018 on things like aluminum and steel, famously held up the campbell's soup and said that any increase in the price because those cans are aluminum from those tariffs

would be negligible. he got a lot of blowback from from that even not just from democrats, but say, for example, then-financial senate leader orrin hatch of utah. republican. -- who said that the damage done to american manufacturers in the steel and aluminum sector far outweighed any benefit of the tariffs. do you worry about unintended effects and that the whole thing kind of works in reverse? >> i don't want, liz. we face a $1.2 the trillion merchandise trade deficit. we live in a very unfair world where we have almost no barriers here and we face lots of tariff and non-tariff barriers exporting abroad. that's led to devastation in many of the communities across the u.s., so we have the fix that. we have to protect american workers. and one way to do that is by tariff. now, tariffs not only protect american manufacturing, but it'll create higher wages and more jobs.

they'll also produce revenues. now, in looking at the inflationary impact, we saw under trump when we -- he had tariffs existence china protecting steel, inflation was very low under trump -- liz: that is true. >> only 11.99. liz: -- 1.9%. that is true. >> and under biden averaged around 5%. if so tariffs is only one part of the equation when you're looking at inflation. other things to look at are energy and regulation all have the potential to bring down inflation. liz: others would argue too you throw in a pandemic and a supply chain snafu, and that the really added in great part to the inflation that we saw. this all may come front and center to you because there is chatter that you would possibly be named treasury secretary if donald trump wins. let's just play what if. >> uh-huh. liz: if you were treasury secretary, what mistake do you

perceive a is a big one the the current administration has made that you would first attempt to to reverse or fix in. >> well, i think the big issues we'll face immediately as treasury secretary are tax policy and the difference between the trump administration and harris is very, very different. trump is, wants to extend the current very successful tax policy which was implemented in 2017. the biden-harris group, on the other hand, wants to change that. they want to raise the corporate tax rate from 21 to 28%, they want to raise the capital gains rate from 20% to initially 39%. now they flip-flopped back to 28% concern. liz: that's for the unrealized -- >> unrealized -- no, that's for realized capital gains. liz: right. but for people -- realized gains. unrealized for people making $100 million for or. let me quickly ask you about the

u.s. dollar. how important is the u.s. dollar as a reserve currency, to remain the reserve currency of the world? >> i think trump was very clear about that in his presentation at the economic club that it's very, very important for the u.s. to remain the reserve currency in the world. liz: very important. i would say that's what you believe. you're moan for a big bet against sub-- moan for a big bet existence subprime mortgages that the really paid off. what is the next big bet that you see that's similar to that? because you really cracked that bet. it didn't really exist when you did it. >> yeah. i would say it very much depends on who's in the white house and who controls congress. i'd be very concerned if harris is elected and pursues the tax plans and other economic plans that that she articulated. you alluded to the tax the on unrazed gains. if they -- unrealized gains. if they do implement a 25% tax on unrealized gains, that would cause mass if selling of almost everything, stocks, bonds, homes, art.

i think it would result in a crash in the markets and a immediate, pretty quick recession. liz: people were very concerned -- the not everybody, but many -- when barack obama became president. they pulled their money out of the market. big mistake. during his term dow jumped -- i mean, triple-digit percentages. people who didn't like donald trump pulled their money out of the market, big mistake. over time that stock market jumped to many records while trump was president. same with joe biden. the market has done incredibly well. my colleague, charles payne, likes to say whatever you do, don't investigation around your politics or pull your money. but you've said that market and investor timing will really matter depending on who is president. so are you ready to take that chance? >> i think so. liz: would you pull your money? >> it depends on the policy. i think if harris was elected, i would pull my money from the market. i'd go into cash, and i'd go

into gold because i think the uncertainty regarding the the plans they outlined would create a lot of uncertainty in the markets and likely lower markets. liz: you would sell the equities you own? >> the ones that are liquid, yes. liz: like madrigal farm suit cool -- pharmaceuticals that you really like. you've added to the name like that. so you would go to cash and gold. >> well, madrigal, i believe, is a takeover target. so, you know, if that is taken over, it would kind of be uncore rated -- liz: so it's in arbitrage. >> it's a pre-arbitrage play. liz: where are you going from here? what's next for you? >> well, i'm still active in our business, in the portfolio we're managing. you know, i work every day, so we're pretty excited about the markets. liz: well, you wouldn't be where you are if you didn't work every day. [laughter] john pall ifson, great to have you. please come back. >> thank you, liz. liz: really appreciate it. at this time tomorrow, we are

going to know if the federal reserve opted to to go for the jumbo rate cut or not, but what does billionaire investor omega family office chair and ceo leon cooperman think? he joins us here in studio next to share his wisdom on what the rate-cut cycle will mean for the markets and the economy and, yeah, we'll ask him about what john just said about pulling all the money out of the market if it's a harris administration. it's a fox business exclusive. we're cooking with gas here. "the claman countdown "coming right back. ♪ ♪

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liz, breaking news, the pentagon is now saying the u.s. had nothing to do with a wave of exploding pagers in lebanon and syria. iranian-backed terror group hezbollah is accusing israel of carrying out a unique attack that killed at least nine people and wounded several thousand more. apparently hundreds of honed held pagers, mostly with members of hezbollah exploded at nearly the same time. and it appears to be a this is a developing story and

we'll bring you more as we get it. the eve of federal reserve announcement, rate cut optimism was fueling the dow and s&p and both hit records earlier in the session. they're now both in the red so we've lost all of the gains, dow is down 57, s&p down 6. nasdaq and russell slightly in the green at the moment. we're basically looking at very narrow trading range. tomorrow, fed chair jay powell widely expected to reveal a 25-basis point cut rate, but should the fed make a bigger move? i mean, the market is betting that it'll be a bigger 50 basis point cut. i want to bring in a wall street legend, omega family office chairman and ceo billionaire leon cooperman in the fox business exclusive. leon, wall street betting 60+% it'll be a 50 points in the paint cut. >> it'll make a difference.

the biggest question is why is the bond rate what it is? liz: what did you make of john paulson just in that chair a minute ago saying that he believes the fed is behind the curve? i think you've felt that as well; correct? >> yeah. liz: why would a 50 point basis cut be the same as 25? psychologically the markets view it in all kinds of ways, wouldn't it? >> i think the stock marke not discounting the president but the lower rates as a ten year bond. liz: what move would you like to see tomorrow? >> doesn't make a difference whether 25 or 50. doesn't make a difference. liz: not selling all your liquid stocks like john paulson says? >> no, i think stocks goes down next year no matter who wins. that's any view. i could be dead wrong.

liz: is that because you think the market is overbought? we're facing very serious issues and heading to a potential financial crisis as a result of the enormous buildup of debt in the country and neither candidate is addressing that and both running ahead of each other trying to, you know, increase expenditures and neither one focused on reducing the debt level or level of deficit. liz: i'm glad you brought thaw because it didn't come up in the debate. it has not come up at all a trillion+ dollars just to pay down the interest on the debt. it's not even the debt, just the interest. how do you envision this eventually somehow ex-ploiding?? >> there's a system of government that's evolved and leadership at a crisis and this is the reagan going and

basically don't have any leadership in the country today. liz: like with reagan? >> yeah. no principle people in charge. that's my view. and i could be dead wrong, you know, it was $20 trillion and now $34, 35 trillion growing every year and exit of the growth raid economy and ultimately we have the crisis and the debt doesn't matter. my partner at goldm goldman sace fowler and ran full page ads in the journal 1972 and he was by the deficit and trade deficit and here we are with much high numbers than anyone ever imagined, and we have the lowest interest rates and it's through the roof.

>> liz: clinton was the only president running a surplus and we believe this is a problem. you just heard that john paulson said the market will crash if kamala harris is elected but which side do cow come down on knowing imposed tariffs could be an issue? >> in 2016, i dbrox not vote for clinton or trump? liz: hillary lori harmon trump? >> yeah, i voted mitt romney. 2020 i voted for biden and would not vote for biden or harris again. the democrat matt form is 80 pages long and republican platform is 22 pages long. i'm more in line to the republican platform, but not the candidate.

liz: thank you thank you very much, ladies and gentlemen. i would be the worst, it sounds like you really connected with ronald reagan and felt he was a centrist. >> yeah, and i am in my nature. >> most of the country is. call me a centrist and i think, look, i respect donald trump's economic ideas and i look forward to that over kamala harris' economic ideas and when he ran for president, he mimicked the person with screen cerebral palsy and you don't do that. john mccain was a war hero and made fun of nikki haley's husband serving overseseas and

then other guys in europe going risking their lives. wouldn't that just make things even worse? hezbollah? i think it's a joke that the united states are trying to tell israel how to conduct themselves and if somebody told the united states how to conduct themselves after we were invaded by pearl harbor, we would have laughed at them. 1200 citizens murdered and slaugslaughtered in a merciless manner and in the middle east, only democracy in the middle east and they're our friend and

ally and have similar manners and i have no involvement in israeli politics and no opinion on netanyahu and i've given middle ear space of my money to columbia and told them most schools universities take a tax from a various schools that are part of the university any 100% of my money must stay within your business school and i'll continue to give. liz: you didn't like what was happening with the protests, pro palestinian protests? >> well, i told the president --

liz: he stepped down/been fired. >> pushed out. when she called me, i said you have an easy job and come out and say the professor praising hamas doesn't speak for the university. we totally disagree with him. if we could, we'd fire him but we can't because he has tenure and no room for hate speech of any kind against any group. liz: she wouldn't do it? >> apparently not. equivocated and that was wrong. liz: there's about a minute left and end on an up note. favorite stock you're not selling no matter who wins? >> not selling anything no matter who wins and i own value situations and my favorite idea is aisle negative on bonds and coins are my favorite and the first leading bonds. my biggest position and the second biggest position is base point and paying me about 14.5%

from bonds and and what's going on in the middle east would be belter and going on and resource to come in for the companies and i have a large position in liz: thank you for being here. >> nice to be with you and hope everything turns out well and i am wrong. liz: this is america. we always make it through. >> well, nobody ever got rich being short on america. i basically think that we're -- we have a 23 times earning full evaluation. liz: lee cooperman. wonderful to have you. thank you folks for joining us for a very big day. red for the dow ask s&p. the markets in a narrow trading range. tomorrow the big fed decision can't miss the final hour.