ashley: yep. well, you have the regular, then you have the pro, then you have the pro max, it's got to be 46, number 4. stuart: he's going high. all right, lauren in. lauren: he's stolen my strategy. i think the answer is 46. ashley, i think it's 46. if. stuart: lou. >> let's go with the consensus, more is more here. lauren: are you going to break the trend? stuart: i like your reasoning, but i think it's just 40. lauren: boom. stuart: wouldn't you know? there have been only 17 versions of the iphone released since 2007. most of them came in a variety of models such as pro,, max or plus. your reasoning was solid there, ashley. that's to pretty good. >> i'm betting with ashley all the time. lauren: he's on a streak. stuart: he really does. neil, it's yours. david: if i was neil, i'd say thank you, but david is here, and i say thank you -- stuart: sorry. [laughter]

david: the dow and s&p 500 hitting i all-time highs after the fed's hong-anticipated rate cut -- long-anticipated, but are traders too exuberant to the worry about the market approaching overbought territory? our reporters and market gurus are all over that. i am david asman in for neil today, and i want to send it right over the kelly o'grady who's in the same room as i am9 with the latest on today's rally. hey, kelly. >> reporter: hey, david. yesterday things were all over the place, today investors do seem to be cheering that aggressive rate cut. i want to double click on a few areas that are seeing some love that are in the green today. let's start with the russell 2000. so these are the small caps, right? we've talked a lot about that rotation trade. we're seeing more today. it is the up 1.75% right now. these are the smaller companies that will benefit tremendously from that a rate cut. they can borrow at lower rates, focus on growing the company. another big winner, big tech, okay? if they are celebrating from

this big rate cut. these are your growth stocks. lower rates means a.i. investment becomes cheaper or. let's just run down, i mean, apple, 3.5%. alphabet up 2%. amazon, 1.3%. and meta, up close to 4%. they hit an all time high today. you know, let's remember though we've heard from a lot of analysts these tech stocks may be overbought, so just a word of caution there. the bank stocks, they're also benefiting from this rate cut. two things going on here, okay? so lower rates, that may mean lower net interest income. that's the income that a bank makes from, you know, the interest that you pay on a loan. but that rate cut could also increase demand for loans. the other area driving this is investment banking. deal activity is likely going to pick up in this rate-cutting cycle, and i'm just going to zero in on goldman sachs, they're up 3%. investment banking is a huge part of their business. one sector that's struggling,

utilities. wells fargo downgraded the sector to the neutral from overweight. the argument is we've had a really big rally in this space this year, that's running out of steam right now. the stocks are down anywhere from three-quarters of a percent to the 1.7. finally, housing, right? home builders are getting a nice if bump on this rate cut news, the ideaing with lower rates -- being lower rates, more demand in the housing market. home doe poe, lowe's, they are up today -- home depot -- and we got mortgage rates outed today to. the 30-year fixed is at 6.009% down from 6.2% last year -- 6.09. a year ago we were at 7.19. remember, this is tied more to the 10-year treasury or, essentially, what investors think will happen to rates. so, clearly, a lot of folks listened the powell yesterday and said, okay, this rate cut cycle is off can and running, and you're seeing that in the

mortgage rate. david: wow, that was good. kelly, appreciate it. let's get a read with our panel, king's view wealth manager mario men row question and and strategic wealth partners investment strategist luke lloyd. luke, first to you. yesterday, i'm going to ask a question with a little bit of opinion in it, so forgive that in advance. yesterday, it was that seesaw. at first of after the half-point cut, markets went to town, and then it ended the day down a little bit. today, obvious, they're doing quite well. -- of course, they're doing quite well, but is this just an interest rate sugar high that we're looking at today? >> a little bit. i mean, it's very interesting, what's happening in the market today. specifically, the bond market. investors should be paying attention to the bond market because yields should be down. bonds should be up, but the opposite's happening. yields are up today and bonds are down. some would say that's signaling a risk-off trade with the soft landing rhetoric that's all over the place right now which is why

stocks are rallying. but i read it that investors are now worried that we could be potentially repeating the 1970s when we thought inflation was beat, we took the pedal off the metal, and we saw inflation rebound. when you mess with fire, you get burned. when you have the fastest rate-hiking cycle in history, things get bad. inflation's a fiscal input. $2 trillion of deficit spending is still happening, and the democratic party is not my grandparents' democratic party, and the republican party is not my parent's republican party. david: mario, the bank of england sent a tweaking message. a governor from the bank of england are, andrew bailey, said we should be able to reduce rates gradually over time, but it is vital that inflation stays low, so we need to be careful not to cut too fast or by too much. to me, that that's a tweak in the direction of mr. powell. >> absolutely. he's giving a little punch to powell right there.

david: yeah, yeah. >> as far as the bank of england is concerned, england and let alone europe and, generally speaking, they have lower rates than we do. they've been more in a quantitative easing cycle by cutting rates. they started cutting a few months back, over the summer. and just like the fed was late to the raising rates, you could make an argument they could have lowered by 25 basis points, not 50, which they did yesterday when we got the august -- excuse me, the the july unemployment numbers. it ticked up to 4.3%. and, look, whether -- david: or they could have waited until no, for goodness sakes. it's only about a month away, for gosh -- i mean, if they say they didn't want to interfere with the election -- >> they're neutral, remember? right? if they're supposed to be. said dade but, luke, that -- david:, luke, that gets to the question of powell putting his fellowshipping every on the scales. -- finger on the scales. or was it because of his concerns about the jobs market? because there are some real concerns about the jobs market.

or was it a little bit of both? what do you think? >> this is probably one of the most political things the federal reserve has ever done, and it's not actually political for the reasons people are saying. i don't think the fed lowered 50 basis points because of the election. i don't think the stock market or democrats like elizabeth warren swayed them. the federal reserve lowered it because of the the massive debt wall that's right around the corner for government debt. this center red or blue, this is a -- this isn't red or blue. $5.5 trillion of government debt is due this year, $5 trillion next year and $3 trillion in 2026. they're trying to get back ahead of the curve to make sure servicing our federal debt doesn't cause bigger issues. david: all right. but finish -- [inaudible conversations] luke, hold on a send. you i mentioned a past incident. arthur burns was the fed chair in the 1970 tos. he wanted to help his buddy, richard nixon, get reelected, so he kept rates artificially low, and it worked. richard nixon was reelected.

there were some other issues as well, but the bottom line is do you think that what we saw yesterday was a replay of what arthur burns kid? >> i don't. the problem is government politics is our economics now. david: all right. >> when almost 50% of jobs being created are government jobs, employment relies on government debt and servicing cuts. -- servicing costs. this is a politically-driven narrative because politics and government -- david: okay. i see what you're saying. mario, let me go back to jobs for a second because we had seen some very disturbing figures not only those downward revisions that keep coming up, a huge one, over 800,000 jobs were essentially wiped out as an accounting error. it's a hell of an accounting error. but then you look at the manufacturing jobs, and august alone, in august alone we lost 24,000 manufacturing jobs. i know the harris-biden team is saying they're doing great with manufacturing, not so. they were down 24,000. they were only up 1,000 in july,

and then we lost 8,000 many june. in june. so we've had over 30,000 manufacturing jobs lost. that's a big concern. >> absolutely. and it just shows you that it's not rainbows and butterflies right now, david. [laughter] at the end of the day, is that an accounting error or an egregious mistake, and are we painting the tape at this point? speaking of political motives, the betting odds because of -- we cut by 50 basis points is only helping one side right now. soing you know what? let's just call a spade a spaild. and as far as the jobs market is concerned, there's a difference in the quality of jobs. if somebody has to work two jobs just to pay their bills because inflation is still stub the bornly high, then what are we doing? david: great point. >> i'm happy that they cut rates because i'm a money manager, i manage wealth for individuals, institutions. and that will be good for the stock market, but the motives behind it are still -- david: gentlemen, thank you both very much. on the heels of this rate cut, president biden's going to be

speaking at the economic club of washington shortly. in fact, he just began, as we can see. fox business' grady trimble has the latest prosecute white house. we may get headlines out of that shortly. go ahead, grady. >> reporter: sure. i think it starts at 1:15, david, but white house officials are saying don't expect a victory lap from president biden, but he will tout, they say, the fact that interest rates and inflation are falling while employment, gdp and wages are rising. white house chief of staff jeff zients giving a bit of a preview to the president's speech saying this is not meant to be a declaration of victory, it's meant to be a declaration of progress. significant progress. the president beliefs it's important to mark if -- believes it's important to mark this moment for the country by laying out how far we've come while also outlining the work we still have another. even though fed chair jay powell says the economy is strong overall, republicans are making the case that yesterday's interest rate cut is not a good

thing but, rather, a sign that the economy is in bad shape. they point to the last few times the fed cut interest rates by 50 basis points, right before the pandemic, right before the great recession in '08 and right before the tech bubble burst in 2001. >> i guess it shows the economy's very bad, to cut it by that much. assuming they're not just playing politics. the economy would be very bad or they're playing politics, one or the other. but it was a big cut. >> reporter: and voters are concerned about the economy ooh. in fact, it is still their top issue according to our latest fox news polling. it also shows 70% of americans say the economy is in only fair or poor shape which, believe it or not, is actually an improvement you see from last month. trump still has an edge over harris when it comes to who voters trust the handle the economy, and it seems that bigtime ceos are a little bit more worried about the economy now than they had previously been too.

the latest business round table survey suggests that those top ceos are pulling back on hiring because they have less confidence in the state of the economy. david: and yet look at the bottom right of your screen, 474 points to the plus side -- [laughter] on the dow. i mean, the traders see money to be made at least in the short run, and that's the key. grady, great stuff. thank you very much. we'll see if the president touches on the debt in his speech in the next hour. by the way, it was tape of a previous speech. he hasn't started speaking, as grady just mentioned. neither presidential candidate, meanwhile, has made the economy a big focus or at least the debt a big focus of their campaign. let's bring in former congressional budget office director doug holtz-eakin to to discuss all this. doug, i know as the former cbo director you look at some of these numbers, particularly the deficit and the debt, and i'm sure your head is exploding. >> yeah. can. david: let me just print out, and a hat tip to gary kaltbaum because he pointed this out to us all, the august numbers, we

just got the august numbers for the deficit. it was $380 billion in august. [laughter] and in the same month, in the same month the total revenues came in at only $307 billion. in other words, we are spending more than twice as much as we're taking in. try doing that at home, by the way. what is going to happen as a result of doing that? >> well, it's already happening, david. it just happens a little bit each year, not enough for people to notice. but if you run big deficits for long periods of time, you undercut future standards of living, and we've run big deficits for a long time. growth in the 21st century is a full percentage point lower than it was for gdp per capita than service the in the 20th century. if you layer on top of that other bad policies, you get what we've had recently, you know? for those people who are

full-time, men and women, their median incomes are lower now than they were in 2020, and that's just not okay. a. david: absolutely. and all of these election year payouts, that's what's causing this current rush to be to spend as much money as the harris-biden administration possibly can. [laughter] but it's going to get worse particularly if kamala harris has her plans recognized. and you wrote about this particularly in housing, this $25,000 -- and now, i don't know if you just heard, but aoc has come out with a master plan -- >> oh, yeah. david: that is to completely socialize our housing system or at least our rental system to the tune of $600 billion. what is going to happen as a result of that? i mean, that is essentially socializing a good chunk of our economy. >> yeah. no question about it. i wrote about this is this morning. if you look at the features of that plan, it doesn't do anything we don't already have the capability of doing except throw a pile of taxpayer money

in it and a lot of federal control over local decisions. and the end result, i'll point out, is you get 1.25 the million units over the next 10 years. that's not very many. it costs $480,000 each, almost $500,000 per unit, and we raise the home ownership capability9 by, like, a tenth of a percentage point. so this is a way to spend a lot of money and publish very, very little. and this is what we've been doing at the federal level. it is time to focus the government on the things it can do and needs to do well and stop running big deficits. david: i don't think there's much that it does well, and that's part of the problem. and that's why donald trump says he's going to bring elon musk into the picture to cut the waste and fraud in government. do you think that would do any good? >> obviously, it's a good idea to cut the waste and fraud, but the reality is that the big money is in the entitlements, it's the vast majority of federal spending, 50 out of 85 trillion in the next 10 years, and the money there is social

security and medicare. so for us to get our budget really under control, social security and medicare have to grow more slowly. not cut, not get eliminate, all the draconian things people threaten, something like the pace of our economy, and we can solve our problems many a straight fouad manner. david: donald -- suasion -- straightforward manner. david: both want to end taxes on tips, kamala stole his plan, now he wants to end taxes on overtime pay. and a lot of people are scoffing and, of course, you still hear the rhetoric from the kamala la campaign saying that the last tax cuts actually cost $2 trillion. that is not true. we went back and looked at the five years after the 2017 tax cuts went in. we actually gained revenue. there was a 47% increase in those five years in tax revenues coming in as a result of the

extra economic activity that took place. that added up to $1.58 trillion extra that came in after the tax code, the trump tax code came in. so it's not necessarily true that tax rate cuts will cost, right? >> so i think the key here is, first of all, i'd just point out that these tax cuts were so horrible that they want to hold on to the vast majority of them for people making under $400,000. so they can't have been that horrible. the second is 2017 was a tax reform. it was the first major tax reform since 1986, and we desperately needed a tax the reform. and it was enormously successful in keeping headquarters in america and bringing investment dollars back to america and driving the growth in real wages. and that's what we should be thinking about for next year. it's not just about having tax cuts, it's the about having a pro-growth strategy -- david: great point. >> -- and given the debt problem, let's bring in the spending side and get a pro-growth strategy that sos system of our debt problems.

that would be the ideal approach. david: doug holtz-eakin, thank you very much. appreciate it. >> thank you, david. david: former president trump stopped by a crypto bar yesterday and became the first president to pay in bitcoin. we're boeing to take a closer -- gore -- we're going to take a closer look right after the break. ♪ go on, come on, leave me breathless. ♪ ♪

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get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. [applause] [inaudible conversations] >> hello, everybody. >> all right, we're done -- >> perfect. >> the first transaction by a president on the bitcoin protocol. history. >> you know what that means? -- that's great, man. is that nice? >> that's perfect. >> this is a crypto burger. [laughter] actually -- that's what you should name them, a bitcoin and a crypto -- [inaudible conversations] [laughter]

david: crypto burger, i love it. that was former president trump as he drops by a manhattan crypto bar. bitcoin is up today after trump conducted the first transaction by a u.s. president in order to buy some of those burgers for fans. you know, he gets -- by just reaching out beyond his base, right? >> well, he's been courting the crypto crowd now, i have to say, my producer ellie has been first and on this from the beginning. i don't know how many votes he's actually going to get out of this. you know, there are 50 million it's been described as 50 million crypto holders. many of them, we don't know, are one-issue voters. i guess if you can tap into -- david: he's going for 'em. >> -- a lot of them in swing states especially if they're in pennsylvania, wisconsin, michigan -- [laughter] georgia, he might be able to -- david: well, if they're a one-horse pony -- >> it matters.

david: if they're just based on this one issue, he may have a lot of them. >> and here's what makes me think he's on to something, kamala harris' people led by mark cuban and anthony scaramucci tried to tap in, and it flamed out miserably. david: why? >> because it's a joke. it's gaslighting. if you know anything about the crypto industry, marley from the industry standpoint, crypto people hate the kamala harris-biden administration -- david: because of the sec, right? >> the sec cracked down on crypto. they seem completely hell bent the, like, make it illegal. because of certain losses they've had in court, they've had to pull back their regulatory onslaught -- david: but gary gensler, the head of the sec, he is to crypto as jack smith is to donald trump; that is, he's got one thing, it seems like he's on to accessed with the idea of or -- >> well, i wouldn't go that far. he's obsessed with a lot of stupid things -- [laughter]

so let's just say, read my newsletter today the in "the new york post," and you'll know why. climate disclosures, you can go down the list on gary gensler. but he does have a bad rep in the crypto industry -- david: should have read your book, "go woke, go broke." >> i called him one of the most anti-capitalist and annoying sec chairmen -- [laughter] we've ever had. and on crypto, which is an alternative currency because you you know why? as you print more money, you debase the dollar. there is a conservative argument for crypto. it keeps the bureaucrats in washington honest. j.d. vance talks about it a little bit, donald trump talks about it. i mean, he's crypto mining for votes here, obviously -- david: but he doesn't have that history that the harris campaign does with -- >> oh, absolutely not. and the other thing is barron trump, his youngest son -- david: is he into it? >> he's a big -- david: okay. donald trump said he learns a

lot of it from his son. this teamsters' hinge is -- >> the semi-endorsement. david caved zone o'brien was on with kneel -- sean o'brien was on with neil yesterday, let me just run that clip. go ahead, roll it. >> we didn't get solid commitments from either candidate which was a major factor in our decision as a general executive board not to endorse any candidate. however, we did a lot of polling, as you know, and the polling leaned heavily towards former president trump. david: very heavily. now -- >> [inaudible] david: -- bottom line, he said he was going to be convinced by the polling -- >> he said no solid poll. david: i mean, that is 59% to 3- >> i saw one that said 60. yeah, i saw 60 that they could endorse him, that's when wants him. not that it matters, it's statistically insignificant between the two. my old man was a union, local 46 in manhattan in the '60s and the '70s. the union, the blue collar union

vote went heavily to nixon and later to reagan because they felt the country was out of control. david: yeah. very patriotic -- >> and now that doesn't mean they don't go back to democrats. they did with bill clinton in a lot of ways, you know, because he was much more of a centrist democrat. but my dad was what was moan as a nixon-reagan democrat because they were burning flags, they were -- my father was a marine, you know, right at the end of the korean conflict, and he couldn't believe what is happening to the country, the social fabric. whenever you have something like that, the blue collar union vote, i'm not talking about the sort of government worker union that are pushing papers, you know, i'm talking about real union guys, they will vote republican that. 's what you're seeing here. they're seeing their country out of control. that's the way they feel -- now, whether paul krugman believes it or not, because i read him every now and again -- david: same with the uaw. the head of the uaw, by the way,

did endorse the democratic ticket, but he admitted that most of his members were going to go for donald trump. >> i am from a blue collar family, proud of it, proud to be a union kid. i will tell you this, when the country is veering out of control, blue collar people look for stability. they see stability in donald trump. it's crazy -- david: by the way, you also like this idea of no taxes for overtime because they work their butts off, and they have a lot of overtime, so -- >> did he propose that one too? [laughter] david: yeah. >> i missed that that. by the way, someone's going to have to pay for all these things hawaii's a different discussion. david: charlie, thank you very much. the fighting between israel and hezbollah intensifying after a series of attacks in lebanon. a live report from tel aviv right after.

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>> it does demonstrate that iran and, look, china, russia, they're all seeking to interfere with our democratic process and what they want is for americans not to trust our own democracy. that's what russia and china, north korea and iran are all fight against. what scares those dictators the most is democracy, and it's open season on our election process. david: that was former cia station chief dan hoffman. the fbi's now saying iran tried to influence the election by sending stolen material from the trump campaign to biden's camp and to biden's sympathizers in the media. reaction now from texas

republican congressman pat fallon who serves on the house armed services committee. congressman, great to see you. thank you for being -- it sure looks like iran is trying to keep trump out of the white house, don't you think? >> oh, trust me, david, if i was one of those theocratic mullahs in tehran, i wouldn't want donald trump to come back into office because when he was president, he actually projected strength, and he enforced economic sanctions against the regime. in fact, under see it because one of the last years president trump was was in office, their oil expors only amounted to $7.9 billion annually, but joe biden got in office and they made $43 billion in the same sales. so you can cause a lot of mayhem and mischief with an additional $a 35 billion. david: yeah. now, the biden folks claim they didn't bite, that his stuff was sent in, they were afraid of malware, etc. do you believe them? >> hard to believe really anything that they say because they've been proven to be wrong,

misleading, spinning, falsehoods, lies. david: oh, and just on that note, it appears that we've lost pat fallon. is the congressman back? no. no, i'm -- okay. i'm sorry about that. apologize to the congressman. sometimes these technical glitches get in there and ruin the beginning of a good interview, unfortunately. well, israel and hezbollah exchanging fire on the border after another wave of blasts hit pagers and walkie-talkies this time belonging the hezbollah members. fox news correspondent nate foy is live in tel-aviv to tell us more. this is one of the most extraordinary the events, i think, in the history of warfare, but what's the latest? >> reporter: well, the latest, david, is that for the first time since those two rounds of explosions, the leader of hezbollah spoke in the last couple of hours, and he said it could be a declaration of war. he said israel crossed a red line with those two rounds of

explosions. take a look. he made the speech from an undisclosed location. keep in mind, david, he actually ordered hezbollah fighters to use pagers and walkie-talkies instead of smartphones because he feared israel could track them. meanwhile, there are more funerals for hezbollah terrorists today. the death can toll there from wednesday's explosions is now at 25 the with 6008 other do -- 6088 others injured. one of those explosions actually happened at a hezbollah funeral yesterday after tuesday's page everybody bombings. at least 12 people died from those, merely 3,000 more injuree injured. and overnight, hezbollah responded with tank fire into israel. two irk d the f soldiers died as a result, eight israelis injured. the two sides continue exchanging fire throughout the day. meanwhile, take a look at this next video, david. in this man appeared in court today accused of working with iran to assassinate israeli prime minister benjamin

netanyahu, and if true, david, the accusations there, it would just be a sign of the battle for intelligence. of course, we saw that israel was able to infiltrate hezbollah's supply chain and tampering with communication devices. it took years, experts say, for them to be able to do that. and we saw the result of that the infiltration with the two rounds of explosions for the past two days. david: extraordinary stuff. absolutely extraordinary. nate, thank you very much. we got the congressman back. pat fallon managed to get through all of the technical difficulties, and i believe we have him back now live. yes, we do. good to see you, congressman. let's just pick up on that report and connect it to what happened last sunday9 with the assassination attempt on donald trump, the second assassination attempt. it does appear that there were attempts by iran to asaws a nate a number of u.s. officials including donald trump particularly for the soleimani killing when he was president. have you dug up anything or

heard anything from either the secret service or the cia or the fbi making those iranian connections with the assassination attempt? >> well, they know for a fact that iran, there was credible threats from the iranian state to kill president trump and other leaders, as you just said, david. and that's why president trump needs and deserves and requires really the maximum protection akin to what a sitting president gets. he needs that kind of level of secret service halo, if you will, and they haven't provided that for him yet. they didn't even check with dogs, they could have checked the perimeter of the golf course. they did not to do that. and this is a credible nation-state threat, and president trump is going to continue -- he'll have that for the rest of his life, and the secret services has fallen down on the job. they do all acknowledge, all those agencies you just mentioned, that it was a highly credible threat and they didn't react the way they should. david: well, and the big question about this guy, the

suspect is here, routh, where did he get his money? he was traveling all over the place. he was only making $3,000 a month. he got weapons and all the sophistication -- he got information. where did he get the -- donald trump's golf game was not on the schedule, and yet he knew he was there. he camped out the night before. i mean, it does appear that somebody was feeding this guy with both money and information. >> it just boggles the mind to think, because we had a briefing with the secret service yesterday on the task force, and i personally asked them when did you know president trump was going to golf at that course, and he said the night before. so they knew. how did this guy know? as you said, he was staked out there, david, for 12 hours. he had snacks, he had body armor, he had a weapon, and you would -- if you had a counter-surveillance team which they need, they need to give him the same protection that joe biden gets because he was a sitting president, he's the leading candidate for president,

and he's got these nation-state threats, and they didn't do it. david: congressman, before we have another technical blip -- give, bernie sanders reacting to a this apparent attack on hezbollah. a lot of people would, frankly, think it was good muse that they were successful in going after a terrorist organization. there were innocents killed, no doubt, but he now wants to essentially block $20 the billion in arms shipments to israel because of that, those attacks. what do you think of that? >> i think that's absolutely just beyond the pale, and it's repugnant. these were -- hezbollah is a terrorist organization, and they are an enemy of not only israel, but the united states of america as well. and to see members of congress being apologist for hezbollah, i just can't believe it. i mean, might as well be working for if them and on their payroll. maybe they're worried about their pagers. jeez louise, i can't believe this. david: again, there were innocents harp killed, we don't

want to bypass that. there was serious collateral damage, but some would think an attack on hezbollah should be supported. so glad we got you back, sir. thank you very much. appreciate it. >> thanks, david. god bless. david: same to you. amazon employees pushing back after being ordered to the show up five days a week. [laughter] i thought that was kind of normal. we'll have more right after the break. ♪ karma, karma, karma, karma chameleon. ♪ you come and go, you come and go. ♪ 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.

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♪ david: amazon workers want a raise, and they're pushing harder for that after being ordered to be back with in the office five days a week in the latest shift away from remote if work trends. liz bentley, the founder and president of liz bentley associates is here with us now the discuss. some people are saying this proves that the experiment, the pandemic-forced experiment of working from home, doesn't work. to which you say what? >> wow, it definitely works and doesn't work, it depends on the company. [laughter] and it depends on the employer and the employees. amazon is making a bold call, as we can see, and there are going to be definitely companies that follow and decide this is a good move, and we should do it.

new companies are going to the stay 100% remote. they like not having the overhead, they have clients all over the country, and there are others that will stay in the hybrid model saying, you know what? two days at home is better for your mental health, gives you more flexibility -- david: but you talk about overhead, manhattan is unique, but you hear the same from san francisco and l.a., a lot of offices are half empty, but the companies still are paying for it because they're never sure how many more workers they'll be bringing in. so there is still a payment of overhead for office space, no? >> you're completely right. it is such a dilemma. i hear it from my clients all the time when they're negotiating and discussing how do we handle this. we have people who want to come in on certain days, don't want to come in on others, we're paying for all this space, how do we redesign this space. it is a constant challenge, but at the same time, a lot of people want and need that flexibility. you know, we're living in a world where we're connected to work 24/7, and so people really

need for mental health a break. david: but i was also going to point out that as part of mental health, as part of the world we're living in, people are much lonelier that -- than they used to be. people feel so much time not interacting physically with other people that it's causing some craziness, no? >> according to the surgeon general, loneliness is one of the biggest challenges we're facing and, david, i think in the next 5-10 years it's going to be one with of the biggest topic about our billion health. not even just our mental health. -- physical health. loneliness is worse than obesity, smoking and high blood pressure. can you imagine? david: well, and a lot of those things go together. loneliness is the cause of a lot of things. i just have to wring this up though -- bring this up though. the one group that still is overwhelmingly involved in working from home are federal government workers. as of 10 months ago, 68% of all federal employees still do

telework, at least occasionally. that doesn't bode well for our efficiency in our government, does it? >> well, you know, again, it depends. even you were saying to me that sometimes when you're working from home, you can be incredibly efficient -- david: when you have your own -- my caveat was when it's your own business. you're willing to work overtime at one in the morning, right? >> one of the things they found during the pandemic is people didn't know when to shut off, so it does depend on your mindset, your culture and environment. so that probably is more important that. david: boy, we could talk for hours. good subject. liz bently, appreciate you being here. >> thanks so much. a. david: car dealers, customers have all had a bumpy road, will the fed's big rate cut yesterday provide any leaf to the industry? here's jeff flock with the very latest on that. hey, jeff. >> reporter: they're not tremendously optimistic about that, david, here at what's called david chrysler jeep dodge ram in the philadelphia suburbs. these are all the new cars,

maybe you see. interest a rates have not been kind out on the dealer lot. take a look from experian, the average is about 7%. but if you've got good credit, good for you, maybe a 5.5% interest rate. if you've got credit in the 600s, well, it could be closer to the 10,and if you've got bad crediting maybe closer to the 15. that has pushed the average monthly payment up from what was $586 pre-pandemic now $737. as we said, we're at david chrysler jeep dodge ram. you see that's david right there. and, well, we thought we'd ask david -- not david asman, but david keliher, been many business for a long time -- >> chairman twice. so, yeah, i'm pretty familiar with this -- >> reporter: this industry. how's the fed going to impact -- >> well, you know, every bit helps. and the fact the that we're trending down now stinted of trending up is terrific -- instead of terrific. and positive for our clients.

we'll count our blessings and hope that we keep getting shaved. >> reporter: we've got numbers on folks that are behind on their loans. some of them with these payments, it's been tough, about 8% now -- >> yeah, that's very concerning, but it's predictable to me because everyone was paying a big number during the pandemic when supply and demand wasn't meeting. so, you know, those exacerbated their payments and put them in positions that were a little more -- >> reporter: and now a little lower on the interest rates, dade, and you can get a deal. come on down to david. >> we're making really good deals. the other thing, used cars too. you know, the used cars have barely exploded because people -- they need payments. the average human being needs a budget in their household. >> reporter: there you go, david. need a car, here's where you come. david: wow. it's not only the payments on the car, it's also insurance

costs have just gone true the roof. >> reporter: upkeep, and maintenance -- david: you own a car, it's expensive. of course, i live in manhattan, i don't own a car. >> reporter: take a cab. david: or the subway. take a look at the markets, wow! stocks extending their gains. the dow is up 551 points, but look at the nasdaq, it's the up almost 3%, occupy 500 -- up 500 points on the nasdaq. more on today's big rally after this. ♪ everybody dance now. ♪ ♪

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are a happy camper today but the nasdaq is almost up to .5% just under 500 points on the positive side. i'm going to run through a number of these stats. if you are still with us i want to have you comment. i will read through some of the stocks and where they are trading today today and he just stopped me at anytime and pick one of these. we have the nasdaq itself by a spider apple of 3.8% meta up 3.5%, tesla is up 6.8%. that's a one-month high for tesla and finally nvidia is up about 5.25%. any of these stocks interest you on a day like today? >> i'm actually looking at the 493. i'm extremely surprised the small cap stocks in the other 493 were underperforming with this rate cut. there so many other areas if you look at history that benefit from a rate cut or a large rate

cut one of the bigger ones we have seen in the past couple of decades. if you look to the financial sector is a reason goldman sachs investor banks are up because lower rates help with mergers and acquisitions so apple, microsoft they have a 60 to $75 billion in cash and they can keep that money in cash are they up to spend the money so you want to look at investment banks like goldman sachs. the or not so anymore like utilities are up a lot. they still have more just because it made -- energy prices are up because of ai. >> we have got to go but that's a wonderful play on on the i.d. of other people playing with their money because they can keep it on the sidelines anymore. great to see you my friend. that does it for us. our friend brian brenberg and they "the big money show."