airlines, sc that wasn't in there too long and by him as a cautionary tale that they think the stocks they own will rule forever they have all the market share, you have to continue to do your homework they will not rule forever and by the same token, you can find and get long names long before wall street starts to get on the table in particular when you see these embassies in the s&p 500 is the one that you want to focus on. i love pete along stock when the s&p 500 but didn't end. we have some subscribers and dell, palantir, i've never heard of aerie before but the bottom i never get too comfortable with the names that you own you can fall in love with the story but sometimes the story changes and sometimes is out of control of those writing the story. right liz? liz: what you can't control don't stress. easy to say hard to do. breaking news on a couple of

friends as we kick off the final hour of trade the market is on the cusp of another record after smashing the 29th record of the year and again, for the dow jones industrial would make it an even 30 right now up 52-point the s&p needs an 11-point gain at the closing bell to mark the 40th record of this year the broader index is up 14-point, earlier day and the nasdaq were comfortably in the green, nasdaq is still there up 32 points, russell 2000 pulling back the big winner gaining more than 2% for the week, pulling back by six-point you would see the green hopefully hold buffer corner of the world we need to take you to the valley in lebanon, this area is far north of lebanon's border with israel, it has now been swept up in the crossfire's in the move benjamin netanyahu to cause preemptive israel to force offensive

launched missile strikes what they said the iranian backed militia has below which has launched thousands of rockets as israel move their weaponry in recent days israel's hit the weapons depots but at this hour multiple airlines including british airways, air france and lufthansa have halted flights to lebanon. we're going to take you like to the united nations where president joe biden is heading after meeting earlier at the white house with the uae president to discuss de-escalation of the situation. in the meantime a downpour of headlines from the chip sector intel adding on another three and a third% of friday's 3.3% pop which came you may remember if you were here watching "the claman countdown" on a wall street journal report that qualcomm had reproached intel in recent days about acquiring it, shares have had a very difficult year so far. in fact they have been miserable compared to a lot of the other names out there that have scorching the jump higher, your

today intel down 55%. mix signs intel and ceo pat gelsinger missed the rapid shift to a.i. today bloomberg reporting apollo global has made an offer possibly for as much as $5 billion in return for equity in the company. a lot of interest whirling around intel right now. the journal again this is a taiwan semi and samsung are in talks with united arab emirate to build chip factories up to $100 billion discussions in the early stages so far but at the moment yeah taiwan semi up a half 8%, never a dull day on wall street let's get to the floor show from the new york stock exchange is trader peter tuchman and chief investment officer kevin mahn, it's a new week and thursdays fed field exuberance appears to be fading, what is the chatter if you like traders looking ahead to friday in the big core pce and increase

fighting in the mideast. >> everything back to august 5 that was the last time the market pullback in a big way except for two weeks ago back week we had a meeting by the fed and bad labor numbers on thursday and friday going into the summer weekend we saw the escalation between iran and israel come in the following week in the pce number that put the scare in the market if you remember august 5 that monday we came in down to a 56 handles in the geo global sentiment the geo global effects on this market, sometimes wanted a time don't have that much of affect when i call perfect storm when multiple components all come together in any given day you get to see the market and that's why it's putting a little bit of a temper on the market but it's lost

enthusiasm. liz: a little bit of them euphoria what do you think as we look forward as friday is a very important but is inflation as important with job numbers? >> a course not the federal reserve that september meeting is behind us i believe investors are going to shift their focus to all the uncertainty around the election, the next fed meeting which is two days after the election and the uncertainty about the escalation overseas right now, i do believe there will be short-term about the volatility but of the federal reserve holds true to the neutral rate for a 2.9% by the end of 2026, inflation can continue to moderate and that bodes well for both stocks and bonds for over the next two and half years. >> boding well for stocks and bonds, we have that now were looking at a record for the dow record for the s&p and i would love to know where do you see the action right now it seems to be headline driven, we have

entail right at the top, but we had headlines about possibly finding common ground when it came to salaries of threatening to strike employees, it's not one across-the-board kind of wash. >> right now were not seen tech sector per se is the one that is lifting the market by any means. i think his overall market there is so much enthusiasm around the market after what the market got last wednesday with the federal reserve finally giving clarity about one interest-rate cut, i believe we will have two more cuts before the end of the year, as the gentleman said there will be a meeting two days after the election. i believe we will have 25 basis points then and perhaps in september about total of one whole point cut by the end of the year. there is buddy on the sideline we saw friday the s&p rebalanced the largest operation history five-point to trillion dollars

came into the market on friday i trade the market imbalances and we saw initially at 2:00 o'clock $8 billion for sale by the end of the day that flip to 8 billion to buy, there is so much money coming into the market i think there is a lot of support, you remember the old days there is a big bed in the market, any pullback that we have seen whether april or july or august 5 and whether the third week, the first week in september, any pullback has been rebuffed by a massive bullish approach to this market. liz: that is great granularity especially what it distills that people are happy to find a reason to buy not a reason to sell at the moment, what are you buying and what is your reasoning behind this area. >> every sector year today is positive but the number one performing sector will leave it or not is utilities, utilities are having the best year to date

in the last decade up over 20%, i think utilities can provide investors with downside protection and consistent income stream most utilities pay 3% or above in interest rates, lower the 2% or above looks pretty attractive and there's a backdoor play into the a.i. revolution, take a company like southern company they provide electrical and natural gas utilities and guess what they own nuclear power plants we're going to need to explore nuclear energy to help power of the increasing demand for energy that the data centers require. liz: again, he is taken the headline kevin is taken the headline in looking at fundamental opportunities. i would be interested to know from you considering we had fatheads out about austan goolsbee of the chicago fed speak international treasures in chicago and he said he sees many, many more, i think the exact quote, i don't even have i

underlined it, he sees many more rate cuts ahead. he is not a boater this year, these people seem year to discuss what they think they want to see. >> once they got the first line i think the runway is going to be clear to have multiple everybody benefits from the rate cuts, the economy seems to be in good condition, the labor market one week think about how spectacular september was the first week of september was the worst week that we have seen since covid, the second week was the best week since we've seen since covid, the paradox the catastrophe on the downside and upside, there is unbelievable enthusiasm and there is so much interest in people getting into the market across-the-board i trade the s&p 500 and received a huge influx of money going into the s&p which gives you the wonderful full footprint into the whole market. liz: brian belski called for

6100 the street hi, he says that will happen by the end of the year, the s&p at 5715. >> i agree 100%. >> kevin, peter, great to see you both, catastrophize during the commercial break. the u.s. government takes aim at china but hits the u.s. automaker. why the unintended consequences of a proposed u.s. role cracking down on chinese software and hardware are sending general motors stocks skidding. that did not take long the 50 basis point cut last week already slashing mortgage rates, next we asked the ceo real estate broker century 21 whether this is the heat needed to finally crack open the frozen housing market, that is next, "the claman countdown" is coming right back the dow with 33-point ♪ maybe rich is less about reaching a magic number...

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included, for only $15 a month. liz: fox business alert palantir hitting the record high on the first day of trading as part of the s&p 500 index, it's gaining 2%, that is intraday off the highs of the session stretching out here today shares have more than doubled, $37.94 is a record for the big data aggregator company fox business alert we have shares of general motors hitting and reverse the decline comes in the wake of the new role proposed by the u.s. government citing national security concerns, the commerce department said it will prohibit key chinese software and hardware that is built into connected vehicles classic unintended consequences if the role were to go into effect, gm

would be taking a hit because buick envision is assembled in china with some of the chinese parts, the stock is down to a quarter percent mgm was downgraded today by bernstein from outperform to market perform, bernstein cut the price target to $53 a share from $47 and change but the 2% hit today too and a quarter it's not too painful considering shares have soared 70% since last november. it's important to note some of you said what about ford they do manufacture cars in china and they manufacture the link and not a list that is assembled there and shares are barely getting hit maybe it's a bernstein downgrade that is pushing the lower, we afford being held to the same restrictions right now it is managed in the past couple of minutes to go to the positive side slightly in the red on the total flipside tesla is speeding to a two-month high shares are

getting 4.6% right to the top of the s&p 500 after barclays reiterated equal rate rating on the stock noting that it sees better-than-expected third-quarter delivery numbers coming, jeffrey sykes the price target on constellation energy to $256 from $183, the electric utility stock lasted right through it, the high of the session 271 right now shares have receded a bit red $258, time to switch the price target, the upgrade comes days after the electric utility signed a 20 year power supply deal with microsoft that would involve reopening a portion of 3-mile island the infamous nuclear plant in pennsylvania the power generated there will supply microsoft data centers shares of constellation energy are up 32% over just the last week, kevin mahn was saying he likes the utilities we should look at all

to beauty it's looking a little worse after td cowin downgraded the makeup retailer to a hold from a by the firm expressed caution on ulta's lack of execution amongst fierce competition and the slowing industry shares are down under 2% but have lost 19% so far this year, investors in the housing market are all abuzz now that the fed cut interest rates. fox business is holding an open house all this week were focusing on the housing market, today the ceo of century 21 is here to tell us what the thousands of real estate agents expect to see as the 30 year fixed-rate mortgage gets close to dropping below 6%. it is a fox business exclusive you're going to want to hear what he has to say. growing up in queens his parents sprung for a house that happened to be in the direct flight path of the guardia airport he became fascinated with the planes flying rate over his head so he can count the rivets on the

fuselage, his passion for aviation led him to a legendary career in the industry running the texas international airlines where he lorded over the fleet of airplanes in the free world including eastern airlines and eventually he ran continental but is best known as the godfather of discount fares, he democratized air travel by creating what he called peanut fares, how did the kid from queens rain over the skies by creating big ideas still in place today, here frank story on everyone talks to this podcast it just dropped this weekend the episode is on apple, google, spotify, iheartradio wherever you listen to your podcast, green on the screen in the nasdaq and s&p are up, the s&p is on track for a record like the dow. we are coming right back. or a night person. or a...people person.

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(fisher investments) at fisher investments, we're clearly different. ♪ ♪. liz: we are not a week removed from the federal reserve cutting interest rates by 50 basis points and already we we see the effect on mortgage rates, according to bank rate the national interest rate on a 30 year fixed mortgage today the newest. that we've gotten has dropped to 6.17% down 12 basis points just from last week, if you go back to june the dive is more pronounced, three months ago rates were up at 7.05%, with

mortgage rates on the decline for a sub 6% 30 year fixed finally melt the housing market that's been frozen by sellers locked into low rates and buyers waiting for low rates, joining us on a fox business exclusive century 21 ceo mike meagher, what about that were looking at the lowest mortgage rates on september 2022 right now, what is that going to do to the frozen housing market. >> we think it's going to create demands, to me there is three reasons to buy in this marketplace right now, one you mentioned, mortgage rates are where we're at, if you think about her moving off of last year's high, one percentage point your check about $2600 of interest payment cycle back into a borrowers pocket, that is 7% less than we were paying for a single-family home last year, number two inventory is up 30% across the country is up in every single state and big

double digits by 60 and 70% in states like arizona and florida and we saw folks move into the basketball beers, the third thing right now with an election people are frozen and it's a time of your kids are back-to-school activities are going on in the holidays coming up real serious buyers and sellers if you're looking for an opportunity to get into the market right now is the time to get in. liz: what is your world been like since the fed cut by 50 basis points last wednesday. >> it was baked and already a little bit. liz: we sold 12 basis points from last week. >> i think it's giving people a little bit more confidence to get into the market, it's opening up the by box and those basis point open up the buybacks for a lot more demand and that demand is sitting on the sideline with the largest generation in u.s. history looking at the main homebuying. i think it will continue to stimulate the demand, what we need now and we talked about this before is more supply.

liz: what about prices we get a slew of housing data out the july show the report comes out tomorrow at the little river mirror i believe followed by august new home sales, weekly more to mortgage application, thursday pending home sales, what you expected from the data. >> let's talk about sales price nar reported that we've seen a 14 month at a row of year-over-year price increase is probably 150 months out of 160 months if you look at the last decade. what i'm seeing now is last week we had about 70000 new homes onto the market that are for sale across this country, what seems to be the course that those homes are about 3 - 5% more from a price point perspective than they were last year, the price continues to go up. >> what happens if mortgages drop below 6%, does that mean prices go up.

>> i do think it does, to your earlier point you have 80% of existing mortgages that are sitting out there right now people that are move-up buyers that are under 5%, i think you get into space when mortgages fall they get into the 5% range it opens up the ability for move-up buyer or a second home buyer to get into the marketplace and again, it creates more demand out there, there is huge amounts of demand sitting on the sideline because were mortgage rates have been the highest we've seen in a lot of years. liz: what you make of vice president harris plan to get ready $5000 to first-time homebuyers who can show an established paying rent on time for several years. >> i'm all for opening up demand but i don't think it addresses the root cause which is a supply in the country no matter who you're talking to ford - 5000000 homes short in this country and we need to stimulate builders and local developers and governments locally to be

allowed to put more sustainable homeownership into the marketplace, that is tough it takes a lot of work. >> if you cut zoning regulation in red tape that might help. it's good to see you mike meagher of century 21, president biden at this hour is up in the air he's headed to new york city for the united nations general assembly this as israeli warplanes strike lebanon in a bid to wipe out the iranian backed enemy hezbollah we have a live report on the middle east crisis at head of un week, nailbiter for the 2024 election with new polls showing vice president, by harris and former president donald trump neck and neck in the race for president, we break it down with her political power panel more countdown on the way the dow was up 49 points the s&p up 14.

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liz: israel dramatically increasing its against hezbollah targets today starting early this morning defense forces began striking more than 300 targets an intensive air campaign in lebanon that includes beirut in the far northern valley, lebanese officials say 356 people have been killed with more than 1200 injured, israeli prime minister benjamin netanyahu said today is the changing of a balance of power in the northern front with a proactive and preemptive attack against all threats including eliminating senior commanders, combat infrastructure in rockets hidden in homes, iran warning that the airstrikes would bring dangerous consequences to israel, it comes ahead of the united nations general assembly, moments ago president joe biden boarded air force one to travel to new york he scheduled to speak there tomorrow ahead of the biden vice president kamala harris met today with president of the

united arab emirates of the white house it's been mitigating cease-fire and it's a high-stakes week for american allies and adversaries like fox news richardson joins us live from the united nations from what we can expect as world leaders the scent of the big apple. >> afternoon those issues in the fight in lebanon and fighting in europe in this weekend president biden hosted world leaders to discuss countering china and all of the on top of their expected delay him shortly in new york and he will address the general simply tomorrow here, biden spent the day at the white house meeting with the president of the united arab emirates biden said they discussed ending the war in gaza and is a administration is working to de-escalate the fighting in lebanon, israel's focus is largely shifted from gaza to fighting hezbollah in the north

as tens of thousands of israelis are still evacuated from their homes because of hezbollah rocket attacks this week and biden hosted the leaders of japan, australia and india known as the quad the group says it's about countering china's aggression but with a accidentally left the microphone on to lead off a key discussion biden open talking about china's aggression. >> make no mistake, we see this as a change in tactics not a change in strategy at least from our perspective, we believe xi jinping is focusing on domestic economic challenges and minimizing in china diplomatic relationships and also looking to buy himself diplomatic space in my view to aggressively pursue china's interest. >> back to the middle east much of the foundation for the fighting leads back to iran supporting groups like hezbollah hamas in iraq and syria for years biden

administration has tried coaxing back to the obama era nuclear agreement the one president trump scuttled in 2018 iran has refused biden's overtures as continuing the nuclear program ahead of the un general assembly iran's foreign minister indicated they may be willing to restart nuclear discussions though seemingly unlikely they read to the type of an agreement with the some four months to go in the biden administration. back to you. liz: a busy week at the general assembly, thank you very much, gop candidate donald trump is in smith in pennsylvania for a policy roundtable called the protecting of american initiative, the former president will meet with american farmers who are concerned that they opposed to u.s. agriculture, trump will head to indiana pennsylvania for a campaign rally in the key battleground state which he lost to joe biden during the 2020 election. new polling from the new york times and siena college show

that the former president leads democrat opponent kalama harris is in key swing states among likely voters in arizona trump leads 50 - 45%, and georgia trump tops by four points it in north carolina trump leads harris by two, yesterday to national polls show harris in the lead as cbs news and you go shows voters side with harris at 52% while trump is at 48%. an nbc news poll among registered voters has harris up by five, i would've bring in our all-star political panel fox news senior political analyst juan williams in washington examiner she political correspondent byron york, everybody talked about how kamala harris one the debate even some anchors at fox news called it and some republicans called and said she did better than donald trump but doesn't appear from the polls that much has really changed it is still

neck and neck, why do you think that is. >> i think her momentum had been building in an eight week. we can look back since biden dropped out and we've seen that harris has made the ground during the period she had the good convention and what i thought was an outstanding debate but hasn't resulted in any kind of movement where you would say she is devastating former president trump, not at all i think this remains a close race as the polls you pointed to show trump has the lead according to the new york times poll in key battleground states it is also the case if you look at the fox power ranking that came out last week in the real clear politics average the first time there say that they think harris has the lead in the electoral college vote, this is a dynamic moment and nothing is settled. liz: that is true it looks at the moment nothing is settled,

that leaves a lot of americans to say let's put these on stage and debate once again. kamala harris said she would be interested and agreed to propose debate by cnn, fox news has asked donald trump and kamala harris to debate once again and donald trump seems resistant to that he said why bother i won the debate, what do you think ends up happening, do you think they face on former time? >> if i had to guess i would probably say no i think donald trump is against having a second debate on cnn and allowing harris to blow off and say no to a fox news debate, unlikely to happen but on the basic character of this race. if you look at the most recent fox news poll that came out last week nationally, it had harris leading trump 50 - 48 and if you look at the one last month before that it had trump leading harris 49 - 48, if you look at

the one before that it had the big switch biden kamala harris, one point apart, if you look at three polls nobody is lower than 48 and nobody is higher than 50, think of everything that happened in that time the switch of candidates the debate the sugar high for kamala harris all of that stuff i think of what you have two deeply entrenched sides people who will not change their minds ready to go and ready to vote right now in a tiny group in the middle who has not decided yet. liz: perhaps kamala harris would make an attempt to shake things up because she knows a lot of people have wondered why she is not speaking more to the people through interviews and other venues than just her standing up and making a statement, she did say at a campaign event in new york city that she's going to make a speech wednesday that would further outline your

economic policy, what is that going to look like and might that help her side of this? >> i think it's become a constant complete from us in the media that she's not doing more interviews. i'm not sure if your political strategist that you would say as an urgent matter because as byron and i just said she made gains in terms of the voters in the poll numbers, she has momentum which is the key thing to have when we approach the one month mark towards the election, the second thing to say, over the weekend it was announced that she raised four times what trump had raised, she has some deep pockets for campaign spending to get out the vote that's going to be so critical when you have two sides that are deeply entrenched as byron explained, i think on those levels we come to the issue of policy. here she talked about having an opportunity agenda to get the

middle class especially entrepreneurs more funding and help people who want to buy a house, i saw you last segment, she has these things in mind that appeal to a populist middle-class agenda. i think it's really important that you stop and say what did the experts say, wall street journal said the experts differ with most americans in the experts at your economic agenda is going to be good for america, most americans are down and don't have happy things to say about it. but if you asked the goldman sachs, they think her agenda is far better than trump's. liz: it is a little confusing isn't it when you have these candidates doing things that don't necessarily fit in to what republican or democrat would say for example you have kamala harris saying she likes guns she has a gun she's a gun owner. donald trump saying he wants to

legalize marijuana, you had kamala harris saying she wanted to put a cap on grocery prices, the republicans went crazy over that they said price caps and price control is terrible, donald trump wants to put at can credit card interest rates meaning don't let them go a certain amount higher, the wall street journal hates that to is this an election unlike any other. >> you can truly say donald trump is a candidate unlike any other and he's been blowing up various republican orthodoxies since 2015 when he first started running for president i'm not quite totally surprised by that there is often times not a lot of systematic thought behind that. i think a lot of republicans and others are critical of harris economic agenda to this extent, whatever ways of dealing with higher prices and the affordability crisis is to simply have the government give americans more money in which they can pay the higher prices

and there is a fear that doing that would make the prices go up even further you are right, the sides are scrambled but it's not quite easy to tell because harris has been sketchy and not forthcoming about a lot of her agenda. liz: maybe we will see more on wednesday on economic plan that matters to our viewers and a lot of americans. great to have you both, thank you so much. >> at a time, bank of america ceo brian winningham is leading the corporation of brown university as chancellor since july what does this mean for the schools the best assure vote scheduled next month and about what brian moynihan wants to do what brian moynihan wants to do in his future, charlie breaks it next. ♪ and retirement savings. voya helps you choose the right amounts

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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. liz: a fox business alert brian winningham raising eyebrows when he became the chancellor of the corporation of brown university. now the school is set to vote soon on whether brown's 6 billion-dollar plus endowment should divest from companies that do business with israel, joining us with the very latest charlie gasparino.

>> this is an interesting story i stumbled upon it when i did the recent story about brian winningham and his options about staying for another five years and what he wants to do is he going to have a succession plan and all of that is in the works from what i understand, when i did the story i got an interesting tip he has embroiled not just a mess in his bank which is his succession plan but the thing going on around he is taking a very unusual step, every campus most major campuses have been rocked by the anti-israel the anti-semitic protest and a difficult one at brown where there was a mccammon, the chance of the president of brown brian moynihan is the president and the chancellor and the president runs the day-to-day christina paxton, she reached an unusual agreement during the student protest, she said if you stop

protest and remove your encampment essentially i will take the brown board of corporation ruling body that moynihan leads and we will put to a vote whether brown should divest with the $6.6 billion endowment fund, any company that does business with israel, it was shocking to say the least with a lot of brown alarm even people on the corporation and one that he resigned in protest, what i found out now it's going to be voted on, brian winningham is leading the vote and i essentially put it to the people at bank of america why is brian winningham being involved in something this toxic lead political he runs a second-biggest bank the second-biggest bank does business everywhere in the country, why get involved in something that mr. gentlemen

said, even recognizing that this should be about on israel with the development after israel that rightly defend itself from one of the most terrific tear under terrorist attacks ever because last week loons on campus thank israel deserves to get what's coming to it and it sort of absurd particularly in a form of appeasement, they had no good answers. it is my job as a journalist to highlight these issues, trust me this story is not going away there are people inside a bank of america talking about this right now. again brian winningham looks to the board of directors and one of the interesting things that i found for my reporting if donald trump gets elected in november this whole notion of corporate brokenness is give-and-take on a whole new light, there is going to be legislation going by the

wayside already. >> a lot of companies are getting rid of their gei department and scaling them back. >> i would say there is a lot of windowdressing and i cover this every day. if trump does get elected i there will be legislative and maybe action from the security exchange commission to d woke corporate america that's what i'm hearing, it's going to be an issue of whether these companies, listen if you work at a company and you're on the board of directors and he's the chairman of the board of bank of america you have responsibility to your shareholders, that's another going to approach it, if trump gets elected what i'm writing about brian moynihan in a whole book called global go broke is going to be the debated in washington a lot, maybe read my book to see what's coming, back to you thank you very much

important to note bank of america committed $10 million to the foundation of combat anti-semitism i am just seeing the under brian moynihan, we are watching all of this closing bell ringing in five minutes, the dow is on pace for the 30th record close of the year in september no less, september is supposed to be the worst month of the year for the stock market in the s&p 500 is flirting with the record close as well it has to finish up more than 11-point is that 15 of the moment. if it's able to do that in foreign half minutes or four minutes, that will be the 40th record close for the broader index this year, costco, this is a big one set to report earnings this thursday wall street is expected the retailer to post a earnings-per-share of $5.8, a foreign half% rise over the same for the last year, revenue is supposed to come in around

$79.96 billion, costco happens to be whatever counter closers favorite pics, joining is now wealth management cio robert schein, robert it's a proxy as an indicator of how healthy or concerned consumers really feel, costco is discount, it discount, tell me exactly what you see for the consumer and costco by extension considering we just got really great and strong retail sales numbers. with costco thursdays would take us to the consumer and keep in mind last week, we got help when did the seal moving forward, not only costco but many retailers by 50 basis point cut by the federal reserve, that being said costco is one of the extremely resilient and growth strategy doesn't lie on the laurels of the consumer base, they have international growth in the digital and what i'm looking for is a digital sales growth of 20% year-over-year i would caution

investors right now, i would not jump on costco right before the earnings call, but see what their needs play out to be and what the consumer looks like right now but costco is a long-term play and they went from 71 million members to 75 million is not what we are expecting. >> they got a lot of play with the gold bars that they sold, gold is not a record, these things constantly sellout, it is creative creative marketing and creative business as charlie munger used to say he loved costco, i'm interested to know when you look at the opportunity, that revenue what revenue are you looking for? >> specifically all different aspects, costco has been resilient and upmarket, up economies in down economies. we want to continue to see their membership growth as well as rare consumer spending their money, is it on gold because they're fearful of what or maybl uncertainty and consumers coming

back to costco and home depots and we see and we'll learn a lot on thursday and very exciting liz: very exciting and energy transfer and home depot. home depot planning on housing and mike immediate herrera of -- medler of century 21 on and dropping 36 mortgage rate and less than a week after fed cut interest rates is also a possible sort of sledge hammer to the ice that's been around the housing market. what does that do for home depot? >> over 75% of the house asking over 25 in age and these people are to home depot and home depot itself is going to continue to, you know, turn the corner and what the fed did by a 50 basis point cut is getting all the home buyers out of suspended animation and done 25 and now 50 and getting movement in the real

estate market and seeing that it'll unlock the 33 trillion of homeowner equity and benefits home depot and costco and rates come down, relief as well as mortgage and helock prices. liz: thank you for joining us, robert. >> great to be here. liz: the third straight record close for the blue chips and s&p 500 closing at all time heim. tomorrow, the financials did really well. we were watching over the past several months and we've got former tv ameritrade ceo joe at a game and how they'll do in dropping rates and that's it for us. kudlow is next. larry: hello, folks. welcome to kudlow.