a loan from them, it would make organized crime blush. there's obviously a need for economists, but i think most of them are out of touch with the human sides of numbers. they make a lot of money, particularly wall street economists. so finally, like any science, even the crunching of data, it's not settled, right? i mean, sometimes compassion and the rewards for those kind of things, you can't really determine them on a spread sheet. you cannot figure them out. but sometimes the outcome is so much better than what you would think it would be. and that's why, listen, i love having some of the great economists on wall street on this show all the time, but by the same token, just like going into this fed meeting, everybody said 50 basis points would destroy the stock market, and e instead it's rallying. all i can say to economists, every now and then go to the supermarket before you make your opinion. liz, over the you. liz: you cannot, at least at the moment, even guess when there will be a bear market because the stock market just keeps

holding on. you're right. charles:s yeah. liz folks, not counting today, there are just four trading days left in the month of september, and as we kick off the final hour of trade, we could see something highly unusual for the notoriously weak month for stocks, and that would be the continuation of a winning streak. now, i say webbed see because it's the dow. the dow -- we could see, because it's the dow. the dow is trying for five straight up days. but for much of this session it has been so close to call. so far today the dow has crossed the unchanged line -- [laughter] when i got down here, it was 139 times, it is now 151 times in just the last couple of minutes we've jumped from 1399 to the 151. concern 139. but we've still got 599 minutes left to trade. -- 59 minutes. any gain at the close will make it a record. the s&p, up about 8.7 points, on pace for its second all-time high in a row. it's been five years, by the way, since the s&p was able

owned a september in the green. five years. even by just a fraction. nasdaq looks even better. the tech-heavy index is act thing on about half a percent at the moment or. 79 points, and month the date it's on pace for a gain of about the 2%, its best september since, you've got to go back to 2016 for that. materials are grabbing the lead as the best performing sector followed by tech and industrials. informer, look at the xlb. this is the the spider materials etf which debuted all the way back in 199 9. it is hitting an all-time high right now, so is the xli materials etf. so we've got materials up about 1. 33, industrials up as well. now, if chinese equities were a sector, they'd be far and away the winner. overnight the chinese government injected serious stimulus into its markets. look at these gains many in u.s.-listed shares of chinese

fills -- firms. jd gaining 13.a 5%. way slow and pinduoduo each tacking on 11%, bomo up 10.33 %. you should look at -- we should look at the invesco golden dragon etf, a gape of more than 151%. -- a gain of more than 15%. china's entire stock market was on red bull overnight. red dragon, red bull, whatever you want the call it. the people's bank of china, their version of the federal resive, brought out the money bazooka by announcing a plan to trim interest rates, lower the amount of reserves banks have to hold and cut rates on existing mortgages by half a percentage point. they are desperate to stimulate a flagging economy. shanghai composite overnight up 4%, same within shenzhen composite. and suddenly you want to talk about action-reaction, copper prices skyrocketed to the 10-week high. markets anticipating stimulus

will rejuvenate china's building and real estate sector and then, of course, reaction that spills over the copper miners. copper miner or freeport-mcmoran coming along for the ride gaining 8% at the moment. it is at the very temperature of the s&p right now. so let's bring it back to the surprising september market performance this is the month that's known sort of as the stock market's junkyard dog, one that most years has left legions of investors bloodied with losses. so let's get right to the floor show to interpret what this means for the rest of the year, the chinese knew news -- china news. joining me now, phil camp rely and jason katz. phil, charles just said it, the market continues to rise even when everybody thought it wouldn't. especially considering that a we have seen it rise since that first rate hike. so everybody said, oh, we're going to tighten rates, the markets will do terribly. since the first rate hike more

than two years ago, look what the markets have done. march of 202 the 22. 2022322. again, these are the the rate hikes all the way through, and and you will start to see dow, the s&p9 and the nasdaq come out on your screen and show exactly what they've done. s&p up nearly 30% since then. how much longer, now that we're seeing rates drop, does a bull run that started with rate hikes go? >> yeah, first of all, i'm glad you showed that stat, because it's like the mark twain quote, it's not what you don't know that gets you into trama e trouble but that which you don't know that's absolutely true. economists in bloomberg said we're going into recession in 2023. i think the big miss was how interest rate insensitive the u.s. consumer particularly is. do you realize that the average effective mortgage rate today is 3.9%? if even with all that tightening of policy, even with new mortgages being at 7-8%, major liability on the consumer balance sheet is completely in

check at 3.9%. that's first. and second, the market hates uncertainty, and i could make the case right now that there is so much far less uncertaintied today than any of the past couple of years. why? because people for the most part were worried about rates, recession and rising inflation, right? so those three things, the probability of those really biting us have come down. we're now past -- are we hoping for a soft landing? we're in the reality of a soft landing. why? because the fed has switched to not just worrying about inflation, but worrying about the economy. but, liz, why there so much in cash? that's, i think, the reason why -- liz: jason, you have been urging people to take that cash and put it to work over the past year which is a good call, obviously. you sew what the markets have done. what do you encourage them to do right now? >> well, to his point, a disproportion nate amount of cash, and people have woken up and gotten the memo, rates are going lore.

that money should go into areas left behind, small cap, for instance. yeah, we're up 6, 7% off the lows, but you're still looking at a 20% discount multiple for the russell 2000 relling ty to the s&p 500. so there's a great for instance. if we have a soft landing, the cyclical parts of the market hard tethered to short-term rates because those companies, by and large, borrow on a short-term basis, are going to see a big lift as their interest rate expenses come lore. liz: talk about the money that's on the sidelines, warming the bench. but now is it too late to get into the game? and i understand all that you both have outlined, but you don't want the catch sort of the end of the fourth quarter. >> yeah. so, liz, it's a good time to be an asset allocator. what we're telling clients, yes, get invested in a balanced approach because fixed income can protect you if we're wrong and that's different than when inflation is spiking and the fed's hiking. cow to mentioned china over--

you mentioned china overnight. the morgan stanley all country world index, xus, is the cheapest it's ever been to the u.s. right now. so if we can get some sort of cyclical cycle extension not just in the u.s., but abroad, those -- you don't want to be underweight those asset classes. liz: how much of the china news where the chinese government haphazardly -- well, that's my judgment, but they quickly threw together this stimulus plan if overnight. mean, it was probably in the works for a little bit longer, but they're really desperate. and you suddenly system of these 3x, china bull etfs are up 28%. but how long does something like that last? does it really solve all the problems? i mow the spillover is helping our markets today. >> they say don't fight the fed, right? and you don't want the fight stimulus either except stimulus coming out of china you have to take with a grain of salt. that stimulus is out of desperation. i like rate cuts with strength. the rate cuts now we're getting

are a result of a position of strength. their stimulus is a result of weakness. so i'm not so sure i'd pile into that trade. liz: okay, pair enough. although one -- fair enough. although one federal reserve member would disagree, and that is michelle bowman. she was the lone dissenter. she thought last week's rate cut should be 25 basis points. today the she was out there again saying that the risk remains prominent that inflation will once again rear its head. friday we get the pce, this is the fed's favorite inflation gauge, but i don't know if the fed's focused that much on inflation anymore. >> they put the nail in the coffin of inflation is transitory on their last fed meeting. they are, in fact, saying we don't have to worry about that anymore, we just have to worry about the labor market. with so much of inflation coming from shelter, if you get too much of a move lower in rates or too much exuberance with financial conditions easing like they have, you can't close the book on that. there's no such thing as zero

probability any event, and the cost benefit analysis, jury's still out. rae liz the jury is not out when it comes to gold at least for the moment. we talk about the dow which is back up into record territory right now, dow's in record, s&p is in a record, so is gold. jason, you to liked gold? >> very much so. i mean, our call's been spot on, up 27% on the year, and we think there could be another 5 aplus 10% upside for the precious metal. why? dollar-denominated. dollar's going lore, interest rates are going lower, so gold all of a sudden doesn't have to compete were fond prices x. if -- for bond prices. what about a hedge for all the uncertainty in the mideast or election uncertainty? there's a lot of attributes to gold. i'm not saying it's going to the to go parabolic, but certainly as a hedge it makes sense to have it. liz: makes sense to have both of you guys. great to have you both. we like the energy. thanks so much. phil, jason, always a pleasure.

to recap, the dow is right now heading for its fourth straight record close while the s&p 500 is also on track, this time for its 41st record close of this year. the materials sector leading the charge today with the xlb etf hitting an all-time high. and, by the way, part of what's driving all these gains, serious stimulus overnight by the chinese government. all of these stimulative ideas that the chinese government has raised as a plan are now lifting copper, casinos and u.s.-traded chinese stocks. weighty matters on capitol hill at that hour with the ceo of novo nordisk in the hot seat. senators demanding to know why his mega-blockbuster drugs, ozempic and wegovy, cost americans so much more than the rest of the world. wait until you hear what bernie sanders said to him. s that is next. and former td ameritrade ceo and chairman joe moglia is here to

talk markets, oh, yeah, and college football because you need to hear frat coastalling carolina chair of athletics has to say about the business of college sports. "the claman countdown" is coming right back. dow jones industrials gaining 29 points. ♪ ♪

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with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. liz: fox business alert, we've got a weight loss battle royale taking place in the nation's capital. the top executive at novo nordisk faced off with senate lawmakers at a hearing chaired by bernie sanders. sanders told the ceo to, quote, stop ripping american off by charging more for its blockbuster obesity drugs ozempic and wegovy than what other countries pay.

let's just show you. the praise of a monthly series of four doses of ozempic in the u.s. is $969. canadians pay $155 for a monthly supply, and germany? they pay just $59. or jorgenson grahammed the higher -- blamed the price on american insurance companies and their middlemen, pharmacy benefit managers who limit or refuse if coverage including unitedhealth group, cigna and cvs health. fox business alert, visa getting declined by investors at this hour, shares losing 5%. they're at the bottom of the dow jones industrial average after the justice department announced in pretty much just the last hour that it is formally suing on antitrust grounds. the doj alleges visa illegally monopolized the debit card market by using its dominance, quote, to disrupt the growth of its existing competitors and prevent others from developing new and innovative alternatives. attorney general merrick garland

said visa's unlawful conduct has driven up prices and went as far as to say that it has affected the price of merely everything. the story is driving down -- of nearly everything. driving down the shares by $14. liberty broadband teeing -- seeing its stock skyrocket after it submitted a counterproposal for its potential merger with charter communications. liberty wants an all-stock her entire that would see each liberty shareholder receive 29% of a charter class a common share for each liberty share. that is higher hand charter's initial offer of 232. 8% of -- 22.8%. liberty broadband chairs -- shares, as you see, gaining the highest level in seven months as investors bet the two companies are nearing a deal. charter communications is losing about 2%. investors in smart sheet are looking pretty smart right now. shares are gaining 6.5% on a deal to take the interwith prize

work management platform privatk management platform private. blackstone and vista the energy partners have entered an agreement unanimously approved by smart sheet's board and is expected to close in the quarter ending january 31st of next year. a.i. server maker super micro computer today unveiling new servers based on intel's sue onprocessers. so smci has been dog toggling back and forth, intel's gaining just under 1% the ceo of smci said its systems have been completely reengineered to support the latest perjury technologies. smci had been quite the high flyer a.i. play but was recently the target of a short seller attack. so while shares are up nearly 100% over the last year, down 600% since the peak in march. -- 60%. president biden grabs the world stage at the u.s. general

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liz: breaking news, president joe biden making his final appearance at the united nation ifs' general assembly today. the president speaking about the most press issues confronting the world from the wars in gaza

and ukraine to to climate change, trade and the global economy. and he also took up the case for insuring the safe use of the newest technological revolution that's powered the stock market to all-time highs. art artificial intelligence. >> and much of it could make our lives better. but a.i. also mistakes profoundriesings -- fro round -- profoundriesings, novel path thens, to bioweapons -- pathogens. this is just the tip of the iceberg. what we need to do to manage this new technology. nothing is certain about how a.i. will evolve or how it will be deployed. no one knows all the answers. liz: liz here to discuss the president's remarks and the chips sector that's powering a.i. is constellation research founder ray wang. ray, president biden urged the world leaders the work to define new norms and standards. is the genie already out of the bottle though? >> liz are, you're absolutely

right, the genie is out of the bottle, but it's so hard to get ethical standards in place. there are few things that we all agree with and different things at a cultural level, and the thing with a.i. is it's the one opportunity for these governments to get in and meddle to affairs and create regulations they couldn't have before, and and they're all struggling to figure out how to do it without strang strangling innovation. liz: i'm not a huge fan ofup resolutions. [laughter] but they've developed global rules of the road. but again, how are they going to do this all on the same page when you, as you say, have different, all kinds of different cultures and different things, i mean, russia certainly are doesn't want rules of the road, china either. but there are people here in the united states who are putting up deep fakes constantly. >> yeah, no, it's a really important point, and take the basic human rights, it took so long to even agree on those. now let's imagine what those look like in an era of a.i. and

digital. for example, do i have the right to be disconnected and not seen as a terror? do i have the right to the my data and health information, my yes know im-- genomics? there's a lot of things we have to do, but the challenges we've been living in the culture of scarcity and centralization, and that's what the u.n. elites want. human beings want decentralized abundance which is going the other direction. make my life free, give me freedoms, let me do what i need to do and let me thrive and be innovative. liz: i'll tell you what's thriving, the chip can and big tech companies involved in the advancements of a.i. nvidia today is i one of the big leaders that's keeping the market floating higher, up more than 3%. the chips act, we got news that the president's chips act today, the funding is finally getting distributed, and the first company that's getting it is polar semiconductor. this is a minnesota-based chip company. they make sensor and power chips. on the one hand, great.

this is a company that's been around, by the way, for 60 years, so it's got an established pattern. this is not a case of solyndra where people were just throwing money at a start-up, and it was a complete disaster the in the past. tell me exactly why you think they chose this company. it is most of -- i guess it's backed by allegra microsystems. that stock is popping. why do you think polar got nod? >> was they agreed to the hot of the terms in the chips act. this is an important part of the infrastructure, you're going to want to have power systems, cobasic, general type of chips that are i out there. it's a national security issue. a lot of chip company were holding back because they're worried about what are the labor requirements, the environmental -- liz: lots of strings attached. >> there is a lot of strings. there's nothing free when you take an investment like this. any kind of investment you take from the chips act, the profits have to be returned back to the government. liz: i know they said they will

onshore business, so that, of course, is something that the biden administration and the chips act requires. let's bring it to intel. intel earlier this year got a commitment from the if commerce department which proposed sending something like $8.5 billion to intel because they were, you know, i think they still are maybe building up this massive almost mini city just outside of columbus, ohio, with fabrication plants and all kinds of plants and factoryings. but intel's -- factories. but intel's struggling a little bit here. there's word that qualcomm recently made a bid for taking it over. apollo wants to invest in it in exchange for equity. what happens here? >> well, intel's in a tough spot, right? when company, especially high-tech companies middle age out, this is what happened here, basically -- liz: ooh, middle age out. >> corps sorry about that. [laughter] the top of the company is really good, the bottom doesn't know what to do, they're mired in bureaucracy, so they have no

innovation. everybody was focused on revenues and shareholder value instead of making the n. ses on innovation. so what happens is it's most likely they're going to separate the foundry business from the design part of the business, and apollo will come in and has a long-range kind of view i in terms of how they invest, they're probably the right investor to think about a 10-year plan for intel as opposed to a 5 year plan that pat has to deal with. liz: right now we are leading, amd, nvidia, on semiconduct canner, micron. you could name so many companiers x they're building out here. so is taiwan semi, however, there was news that a couple of other companies are interested in speaking with the united arab emirates building out samsung, of course, it's korean, but we don't want to go to to to bat against the middle eastern countries like the united arab emirates, but we want to keep them attracted to the united

states, do we not? >> we definitely do, but what's happening in the middle east is incredible concern liz: you were just there, right? >> yes, riyadh and dubai. and we've noticed there's a ton. to investment in a.i., blockchain and all these new technologies, especially things that are building critical infrastructure going forward, and they're bringing the top talent in wherever they can. if you look at what happened with chip manufacturing, they want to be able to do the large language models, the data and a.i. institute, they're basically putting together an air a big language model so they have that running -- arabic language model. now, the good news is they're allies. the tough challenge is can we actually put the same kind of policies in place to keep people still investing in the u.s. liz: great point. ray wang, thank you so much. it's great to have you. we've got this fox business alert, ray, i think you'll be interested in this, one of the central figures in the $32 billion collapse of ftx is about to be sentenced in new york first of all court. carolyn ellison arrived at the

federal courthouse in the southern district of new york about an hour and a half ago, and the hearing is [no sound] way. she is the ex-girlfriend of ftx founder sam bankman-fried and the former ceo of alameda research are. her cooperation in the case against bankman-fried direct arely led to his conviction. ellison has already pled guilty to all seven counts of fraud and conspiracy, so let's take it live to kelly o'grady who's outside the southern district of new york courthouse on what's happening inside and what kind of sentence, kelly or ellison could face. >> reporter: yeah, they are, liz. breaking news mode right now, we've actually positioned ousts right outside the courtroom should we get that sentence, our team will be running it out. but they just gave me some notes from inside if, caroline ellison's defense team is making their case for why she should get no jail time whatsoever. they went through her remorse, how she won't profit from any of these crimes going forward. and my team tells me ellison was looking down a lot, she looked very solemn because, of course,

this date does decide the rest of her life. as you mentioned, she was the star witness, and because of that it's entirely possible she walks away with no jail time. is she is facing up to 1110 years, that was the -- is 110 years, the same sentence facing sbf. he ultimately did get 25 the years behind bars, but the team is looking for no jail time with supervised release of three years. both sides are pushing for leniency. the prosecution before this, a memo of support calling her cooperation, quote, not only substantial, but exemplary. and in a telling i move, they are not asking for a specific sentence. that normally indicates they are open to no jail time. in parallel, the defense has a really painted a picture of a reformed citizen. they shared howellson has spent her time -- how ellison has spent her time, everything from community service and fostering dogs to writing a novella sent in edwardian england. most importantly, they highlightedded how sorry she is saying, quote, caroline blames

no one but herself, she regrets her role deeply and will carry shame and remorse to her grave. ultimately, though, the decision does lie with the judge with. he could require some time behind bars for the sheer size of the fraud, over $10 billion. but most legal analysts say she like likely gets away with no jail time because of how important she was in this case. and normally white collar criminals that have collaborated with sdny, they do walk away with no jail time. but any minute now we can hear her fate. liz: i just want to the tell you bitcoin, kelly, is now getting closer to $64,000. and, i mean, some of this has to do with the fact that when people see the bad actors are held can accountable, the price then goes up because they think it's a little bit more stable. thank you for that report. interrupt us if anything happens. >> reporter: are co-- will do. liz: former president trump back on the cam campaign trail at this hour talking corporate tax

cuts in georgia and his quest for a second term which remains neck and neck with vice president kamala harris. and college athletes like colorado quarterback she door sanders and lsu gymnast livvy dunne cashing in on the ncaa's name, imlanguage and -- image and likeness rules, but is big money corrupting college sports? we'll talk about all of it with coastal california chairman emeritus of athletics moglia. we'll also talk about, oh, yes, the financial industry. it's a fox business exclusive. "claman countdown" returns in just a minute. ♪ther ♪ r workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. maya knows how quality care can bring out a smile. but it's been a few dog years since she was able to enjoy a smile of her own.

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anywhere on the planet. but only for those who make their product in the usa. liz: gop presidential candidate donald trump at a campaign event in savannah, georgia, earlier today reiterating his plan to chop corporate taxes, and now he says he will slap 100% tariffs on every car coming across mexico's border. this as democratic opponent and current vice president kamala harris is expected to deliver a speech tomorrow expanding upon her economic vision, giving more details. what does it mean for u.s. businesses, big financials, car companies that make cars down south in mexico and more? joining me now in a fox business exclusive is a guy who understands all of this. he's former td ameritrade chairman can and ceo joe moglia, also the coastal carolina athletics emeritus and former head football coach. okay, coach finish. >> hi, liz. liz: -- trump just laid out his

game plan at least when it come toss mexican-made cars. he also took a swipe at deere saying he would slap 2020% tariffs -- 200% tariffs. john deere is a platinum brand here in the united states. what do you make -- >> i think he makes, he's always talking about immigration, he probably thinks all the illegal immigrants are coming in with those cars, probably manager like that. you know, i think at the end of the day there's so much rhetoric associated with this, and a politician the spends half their life trying to get elected or reelected x. they say so many things. they'll say anything they need to on the campaign trail to be able to get where they want to go. and they will be on the left side, they'll be on the right side. but normally, normally once you're elected, you tend to move to the middle. so with regards to trump, we know all the points he's trying to make. e he wants to make america great again, stop inflation, illegal graham gration. he wants to put tariffs on anything.

that's going to the increase price as well. he's going to be -- liz: he says no, and john paulson, his big finance adviser, was right here in that chair, and he told us tariffs will not increase prices. i mean, you worked for many, many years at merrill lynch. you are a business head. you understand how these things work. kind of explain if why you say that they will raise prices. >> because, number one, you've got -- somebody's got to the pay that tax. usually it's the company in the united states that's actually paying that tax that. and then that -- they can decide then how they want to handle that. they don't have to buy those products, and the reason why there's -- if they do, i think if paulson is saying it's not going to have an impact on inflation, he thinks that's going to be a detriment to actually buying those, buying the actual products. the reality is the price is going to go up. they're paying more for it, somebody's going to absorb that price. so if the company pays for it in

the united states, they're going to distribute that product if at a higher price to their can customers, than increasing the prices. liz: right. so that looks inflationary. kamala harris, who is supposed to give us more detail or any detail about her economic plan is supposed to do that tomorrow. we eagerly await it. people have been really wanting to hear exactly where she stands on all of this. but we know this, that she also has some plans that many people might call inflationary. giving lots of subsidies and and money to people to buy homes. that could make the price of homes go up. they're already pretty high. >> yep. liz: what do you make of what you know. >> again, she wants the appeal to the middle class. she's going after the wealthy, and she's going today everything she can to help people that don't quite have as much money as what somebody else does can. so if that gives minute the opportunity to buy a new home, you know what? i think that's a positive thing. it probably doesn't have as much of an inflationary impact as what trump is talking about with regards to the tariffs, but it

is inflation fair. you go back to covid and the stimulus that came into the marketplace certainly turned out to be significantly inflationary. it's not going to be that significant, i don't think, now as far as that goes. and, remember, she's going to say anything she can to be able to get the middle class vote in our country. liz: liz you know, when you talk about slapping tariffs on cars coming in, ford and gm are moving lower today. we also saw deere which is actually holdingen on to gains, not all of the gains, but taking aim -- and he did this with carrier, remember, back when he was, 2016, he didn't like they were building their air conditioners down south, so this should not be a surprise to people who have watched donald trump when he was president. >> he's been talking about tear refs from the very, very beginning, from 0 the 15 on. again, tariffs. if our businesses in the united states willing to pay those tariffs, they're not going to absorb that themselves. that will go to the consumer. liz: gotta ask you, and keep your coaching hat on, gotta to

you about nil, name, image and likeness. you, of course, coached coastal carolina, now you are emeritus of the athletics department. i worry that paying athletes -- i think they should be, certainly, compensated because these schools, many of them, are making a lot of money. but when you have so much money and the ncaa saying that colleges like ohio state can pay tens of millions of dollars, you're going to ruin certain thinnings. you look at the -- things. you look at the top nil valuations, delaware -- she door sanders, travis hunter, arch manning, the list goes on. what is the downside, the unintended effect? >> the unintended effect is that the ncaa's doing everything they possibly can to keep the schools, noestly the power pour -- mostly the power four football schools, trying to keep them within the the ncaa. it's not an issue that people are getting paid, there's an

issue that it's chaos. it's the wild, wild west. there's no structure. there is none of that. there are 570,000 student athletes that have played, that play in college today. 6% get $1,000 or more, 2% get $10,000 for -- or more. that means 535,000 students are getting nothing, and all they're doing is talking about how we're going to keep the ones that are making all the money still in house. and the only way this is going to work is you've got to separate -- this now, the ncaa, you've got the power four football teams, maybe men's basketball, the pcaa, the professional collegiate athletic association, leave the others alone and you have more of an equal playing field. that doesn't exist today to. liz: i mean, can you recruit to coast alkaline a that under these conditions? -- coastal carolina? it's a smaller school. >> we need to have nil for us to be exit iftive, but we're not able to -- competitive, but we're not able to compete with

schools that have a $20 the million budget just to pay their players, no, we can't do that. one of the investments that the head coach is doing, he's really not giving money to get guys in the door. that was a mistake for them to go to some other school so many times, but once we get our kids, anything we can to help them once they've proven themselves in the program, we'll try to help them the. and and we recognize if somebody comes in giving hem six figures, seven figures, we're not going to keep the kid. liz: joe moglia, thank you very much. you made sure all your players registered to vote. good on you -- >> 2016. liz: that's right. >> first ever in college history. you covered that. liz: i sure did. joe -- and i don't forget. i don't forget that you need to give me some omaha steaks that -- the next time you're here. that was a birthday present i got one time from you. we are coming right back, dow is up 40 points. ♪th

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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. quickly, it's been recently report that had vice president harris has finally said she'd craft clear rules of the road for the digital asset space if she becomes president. is this your approach too, sir, or do you think she's rebuking

you because she doesn't think you've done a good enough job establishing these clear rules over the last three years of her administration? >> if think there's laws in place and if congress wishes to change them, they will and we're enforcing the laws -- >> you don't think -- reclaiming my time. it's very interesting. liz: part of a four hour long hearing and financial hearing poulting grips on gary gensler over his crypto policies. get to charlie gasparino. >> kamala harris doesn't know much about crypto. i'm sure of that . most of the economy she's just kind of learning right now, but she's got people wild horse saloon perking in her ear -- whispering in her ear and going for crippling regulation and

going all over the place and going for enforcement and clearly it's a rebuke and not really answering any questions and the republicans hit them on the crime disclosure stuff and now it's enforcing public companies with the carbon footprint and he says it's people not within the sec mandate and the courts will decide the crypto and we kind of just muddled along and there's no real crypto road map for enforcement. i guess there will be no matter who becomes president in the future. they believe he'll try to find a way to stay and gary gensler

even if trump gets elected will pull you can't fire me. i'm here for another two years based on my term end. if kamala harris gets in there we'll call up elizabeth warren and something nice and keep me for chairman as awhile for the remainder of my term, which i believe is june 2026. sort of in the weeds. liz: four hours? they didn't ask. >> they didn't ask. chase asked. our producer asked and one of his push on by it. they were kind of thugy about it. yeah, listen, can't give me two minutes to sum up four hours. there'll be a crypto road map no matter who gets elected, my view. both republicans and democrats.

gensler will be under pressure to step down no matter who gets elected. depending how big his you know whats are, we'll see if he stays. they'd have to be really big in a republican administration. he'd be breaking, breaking precedent if he didn't step down. he's saying for all the people thinking and believes he ask stay as lon as he wants urostyle 2026. liz: okay. thanks for following it. imagine we were talking about ai, imagine ai chat bots that talked to you in the voice of one of your favorite celebrities ahwaauquafina, john dent and the launching chat b bots and kristn bell and michael key and coming to the tech giants connect conference and there's no ai chat bots and we have the next best thing and count down closer is financial president and jeffrey small and you are pro

meta. you feel that meta has been at the forefront of many of these developments ahead of big event tomorrow. why do you think that meta, which has seen many, many record highs recently. why do you think it's still the place to go when it's had such a wrap? >> it's the place to go, liz, because their fundamentals are unbelievably strong. they're the cheapest mag 7 seven in the market today and with the best funneled wantal picture going -- fundamental picture going forward and stopping for nvidia and going for a phenomenal job of importing ai technology into the business model across every flat form and they will have the first platform to start to see the montyization of their investments in that ticknology going forward. and the street knows that.

liz: overall, give me a sense of where the big tech stocks are going and they've deny such a driver here. returns will be moderated and not explosive. liz: thank you very much, jeffrey small. closing bell, you lift the balloons be released. blue chips make history for the fourth straight day. a record to the dow and a record for the s&p. that's going to do if for the "claman countdown," kudlow is next. larry: hello, folks. welcome to kudlow. i'm larry kudlow. donald trump