dropped out, not educated, not in the workforce, 20-24, a global epidemic. what's happening there? >> i just don't think that we are fostering enough of young men saying you know, yes, you are not the problem, right? it's always the opposite messaging and just like we're doing with women. we need to foster more of that. charles: yeah, yeah, tiana? >> it's odd to me when i see the obsessive focus from the white house and the kamala harris campaign on the "care economy" because women have never been out in the workforce and especially mothers, right? i'm not saying that child care is cheap or as available as it should be but the bigger drain on our gdp right now are men staying out of the workforce. charles: it's a crisis. it is a crisis without a doubt. ladies thank you both very very much. i'll hand it over to liz claman. take us into the weekend strong. liz: i know, i'm going to try. happy friday, everybody. so, with less than an hour left

to trade for the week, the dow bulls are rushing to a record but the s&p and the nasdaq bulls are kind of running out of steam so the dow needs just 33 points to be put on the board at the close for a new record. right now it's up 213. any gain for the s&p be a record but at the moment, down 2 points so we're close. broader index here is moving lower to 57.43. nasdaq is down 64 points, but still up 1% on the week and the russel 2000 point gain here, that we see at the moment, which is about 16 points. it's not enough to get it into the positive territory for the week, but it is close to breakeven and quarter-to-date, it's outgunning both the s&p and the nasdaq. you've got the russel up more than 9%, for the quarter, s&p is up 5% let's call it and the nasdaq up 1.5%. we did get a new and mild consumer inflation print

this morning. august personal consumption expenditure and core pce this of course as we always like to tell you guys is the federal reserve's favorite gauge of inflation and just about every level either met expectations or came in softer than expected. so, the fed's push for soft economic landing and perhaps future rate cuts getting a little bit of a bump here. that's not why treasury yields are falling though. our bond guru pal andy brenner is saying that yields are heading south, indicating a flight-to-quality sparked by headlines hitting the tape, so the two years down 6 basis points, 10 year down 4 basis points. iran's embassy in beirut saying this afternoon that israeli strikes in beirut are a crime, "that deserves appropriate punishment and represents a dangerous game changing escalation." this , as israeli prime minister benjamin netanyahu ex core crated the united nations

for constant attacks on israel but also offered up his solution to the mid-east troubles. you will hear that solution coming up. we've got day four of china stock success beijing cutting rates earlier this week and continuing to hint that it will fire its stimulus gun to prop up the economy so chinese equities are going nuts here. etf's filled with chinese stocks to bilibili to jd are sizzling with c-web, that's cs i china internet index and kweb, and golden dragon etf is up 4.25%. back in north america, the kind of follow-through here is that higher-end retail, lulu will heat up their sales but on the other end is costco, just out with earnings sending the stock a bit south by 1.5%. let's get to the floor show because it's friday.

joining me now, great hill capital chairman tom hayes, and fitzgerald group keith fitz-gerald who said that costco analysts have it all wrong. first i'll turn to tom and get the macro picture as we finish up a week that's had so much news and a few decent records and gains. >> yeah, i think we've had two regime changes in two week, liz so the first was the fed front-loading 50 basis point cuts which implies a couple of things happen. follow through with the unmagnificent 7 outperforming the mag7 and we'll said continued outperformance of small caps versus large companies, first 12 months after a cut, and everyone's loaded into defensives. i think we'll move back to consumer discretionary and the second regime change was the fiscal stimulus, emerging markets now outperforming, developed markets with china on the tear. liz: you say russel 2000, the small and mid companies,

when you say the unmagnificent 7 remind our viewers who are there? >> 493 will continue to outperform the magnificent 7 which is amazon, google, meta, et cetera. liz: the rest of the s&p is much more magnificent? >> it's a sea change that started to take place in the last few weeks and now accelerated. liz: you're talking to keith fitz-gerald loving and making a lot of money off nvidia. keith what's your answer there to what tom has just said? >> i think that is just pure genius, the unmagnificent 7 and i love it. i'm going to have to borrow that, with due credit of course. i think that tech is not all the same, liz, so as you know, certain companies are going to do better than others so amazon has got its challenges, meta does, but companies like nvidia for example, are going to run right back to the front of the pack, whether it's the unmagnificent or magnificent remains to be seen but plenty of party stopping

proposition here. liz: i have to get your thought on costco because while the official earning season has not yet begun it begins in a week or so with the big banks. costco came out with numbers. what are you saying the analysts got wrong that's sending the stock lower? >> well here is the thing right? costco is one of the things trade the news or trade the reality and the reality situation is i'm not sure they were looking at the same report i was because i saw sales up and earnings up in the billions of dollars but the key takeaway here is they didn't even glance at this. 50% of the new memberships that costco is selling is to under 40 age consumers that suggests to me there is another group of costco in the blooming that could power this thing for decades to come. the fact that it's down today is purely technical move and an opportunity. liz: tom will steal that is you guys will be even here. what's your counter to that, tom? how do you feel about the us economy? we do obviously see that inflation is moderating, continuing to moderate although

the core year-over-year pce 2.7 while it matched it's still hotter than a year ago. >> it's goldilocks. things look good. the only thing i'm a little worried about whenever keith talks i listen. keith is a good buddy of mine so take a look at those names. the skew is the cost to ensure one and two standard deviation corrections is at 10 year highs so it doesn't mean you're automatically going to get a correction but pre-elect volatility is pretty typical going back to 1955 in the month of october so we're staying fully invested but in you're on margin i'd get off margin and ride out these bumps and once the election clears we'll get a year-end rally. liz: i'm wondering if that would include, keith, intel. intel of course has been at the center of individual stock headlines this week, and at the end of last week. bloomberg has a report, the "wall street journal" has a report that private equity might come in, and maybe qualcomm, maybe who knows what. arm, but one thing that's been

reported is that intel's pretty much rebuffed a lot of this. >> you know, i've gotta tell you. pat gelsinger, met him several times and he's as bright as they come, the right guy at the right time for that company. liz: he's lagging here and he's been here for a couple of years. he like pat too. >> i know, but you can not turn a huge ship on a dime. the problem is the company has missed a.i., missed mobile, the cloud, a lot of things that are a lot of years in the making so i think unfortunately intel remains dead money. i don't know why they rebuff these offers because it could have been salvation. it seems to me there's a lot of blunt thinking inside their headquarters and it's bad for shareholders. liz: okay well at least for the week, i see intel up about 8.7%. guys give me your sense next week, as we barrel toward what will be the september jobs report. it's really become labor that's at the focus for the fed is it

not, tom? >> no question about it. i think that's where you could potentially see some volatility. you have obviously the inflation numbers later in the month but the jobs report is critical and everyone's pretty happy right now. sentiment is still mixed. when i look for things to hedge or short, i found it very difficult to find in the portfolio. the only things that were in my view that seemed overvalued were utilities and staples which you don't want to short defensives into a correction so i think let's see what the labor numbers are. things look pretty solid. we expect a little bit of bumpiness in october but again as long as we get gridlocked from that election, liz we'll be fine until year-end. liz: keith we've got to go but tom said listen to keith's picks, and i will tell you that had our viewers listened to you a couple of years ago about one particular stock, staying in it, staying in it, they would have made a lot of money and that's palontier. we look at some of the gains here it's quite unbelievable hitting brand new records.

not unbelievable because you've been here telling us about that. where does this stock go? >> you're very kind to remember that, thank you. i think we'll take out 50 pretty quickly i'm starting to think about 85 three to five years now, zero doubt in my mind we're looking at a hundred bucks in a share so it's going to be volatile and a tough stock to own but i encourage people to stay with it if you can. liz: great to see you both have a good weekend, gentlemen. the maker of ozempic and wegovy losing weight at this hour. we'll tell you why novo nordisk is in the red, next. the "clayman countdown" returns, dow jones industrials up nearly 200 points.

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the moment it's one of the makers of obesity blockbuster drugs getting blocked by investors. novo nordisk shares are losing nearly 3% at this hour after a jpmorgan analyst warned that third quarter sales of its weight loss drug wegovy could be weaker-than-expected. these things were the hottest drug around. nobody could get their hands-on them but jpmorgan says hold off a bit. the danish pharmaceutical also behind ozempic reports earnings on november 6 but shares have lately been under pressure over the last week after the drugmaker reported disappointing results for its experimental obesity pill. so you can see a little bit of a stare step downward ear. we will get the numbers hopefully from earnings and you can decide for yourself in the meantime hp getting hit by a downgrade from bank of america. shares are moving lower by 3.5% after the warm lowered its rating on the stock from neutral to a buy. we, why? they cited increased competition

in hp's print division, which includes instant ink and instant paper subscriptions. that weakness is expected to overwhelm any potential upside in the pc segment. bank of analyst says japanese rivals are gaining and expects the earnings per share growth to come solely from share buybacks. well, look at tesla shares right now moving higher by 2.25% on the heels of recently-released invitations to its upcoming robotaxi event. it will be held on october 10 and the ev maker is expected to reveal that the vehicle and potential timeline for its release, well, sometimes he gives these timelines and then he blows right past them. but, supposedly we'll find out. now tesla on the week has gained 9% on news of china's stimulus measures as well. one-third of tesla sales come from china and the stimulus there is expected to boost

demand for autos. tesla by the way is on track for its third consecutive week of gains. a stunning moment at the u.n. general assembly in new york city. israeli prime minister benjamin netanyahu watches as dozens of world leaders walkut ahead of his speech, and then, reacts by slamming the united nations as a "swamp of anti-sametic bile" and you are about to hear the criticism over the handling of the year long war of hamas in the gaza strip and his outreach to saudi arabia as the ultimate solution. coming up a survivor of the october 7 hamas terror attacks, which killed 1,200 people is here. you can not miss her terrifying and poignant story of resilience. we're coming right back.

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liz: the bitcoin bulls are back. right now, it is trading well-above $65,000, bearing down on 66,000. we're at $65, 820 at the moment. it's a gain of more than 1%. perhaps fueled by the federal reserve's mid-september rate cut and news of the china stimulus plan. 10x research says fomo is back.

we anticipate a swift moved tokers 70,000 followed by new all-time highs in the near-term. dozens of world leaders critical of israel's military response to terror group hamas shoulderring 1,200 citizens on october 7 walking out of the u.n. general assembly in protest just as israeli prime minister benjamin netanyahu took the stage. netanyahu excoriated the united nations which he called anti-semetic and blamed iran for israel's military response. however, also stressing that a peace deal between israel and saudi arabia be the ultimate way to pivot to a new, strong and stable middle east. here is how he put it. >> having seen the blessings that we've already brought with the abraham accord, the millions of israelis have already flown back and forth across the

arabian peninsula, over the skies of saudi arabia, to the gulf countries. the trade, the tourism, the joint ventures, the peace, the peace. i'd say to you, what blessings such a peace with saudi arabia would bring. it be a boom to the security and economy of our two countries. it would boost trade and tourism across the region. would help transform the middle east into a global juggernaut. liz: netanyahu also reminded the u.n. of the october 7 horrors, how terrorists raped women, beheaded men, shot babies and burned families alive. there were so few survivors of that slaughter, but joining us now in a fox business exclusive is one of them. noah kalash, at the nova festival where hundreds were killed. noah, thank you for being here. >> thank you for having me. liz: you know, we're coming up on a year since the attacks, and

you are one of the few witnesses who survived to tell the story so to speak. if you could, tell our viewers a bit of the story of that day. >> that day, i arrived to the festival around 5:30 in the morning, just before sunrise, and i arrived and i said hi to a good friend of mine and we ran together to the dance floor. we had 15 minutes of pure happiness of seeing beautiful faces, dancing, the sun came out, and then everything started. liz: it started and you ran and the video that we have on the screen is of you hiding inside a bush, and tell us what happened when you ran and hid in that bush. >> first of all, we didn't understand the size of the attack. it was just missiles and rockets

being shot above us as like this area of the country around the gaza strip and only after hiding in a bomb shelter for 20 minutes and deciding to continue driving home we ran into the terrorists and started running for our lives until we made it to the bush that i was in it for eight hours, and eventually we got out. liz: you got out barely with your life, by the skin of your teeth. did, as i understand it, the terrorists not come up and start shooting into each of that row of bushes? how did you manage to not get shot as you hid there? >> it was a very very big and thick bush. my friend, who was with me, had to break the branches to push me inside and we were very quiet. inside, like deep inside the bush, and we heard them walking and speaking around us

saying, get out, we just very fortunate. liz: yeah, and we are so glad you survived. benjamin netanyahu today talking to the united nations although many of the world leaders walked out. it's funny they don't seem to walk out when iran is speaking and iran of course backs all of these terror militia, but you're in israel. talk about whether there is now some type of optimism that the hostages who are still there, 97 of them, i believe 7 of which are americans, might at some point get released. >> i think going through these very difficult days and the last year, all we have is hope and stay optimistic as much as we can. hoping for the hostages return

fast and all of them soon. that's all we have. liz: as someone who lives in israel, what would you like to see in the coming weeks and months when it comes to world leaders or at least israel and the united states and perhaps maybe some of those who were trying to get a cease-fire. what do you hope comes to pass and in what form? >> i think we are very fortunate to have the united states as our allie and get any assistance with the world leaders or any kind of allie that we have, but i do believe that every single side needs to do more and whatever it takes to bring the hostages back, because we don't have any second to waste. liz: prime minister netanyahu today pointed out that israel, a very small nation, is getting it from all sides, because it fought back against that terror

attack nearly a year ago, so there are multiple countries, whether it is iran, or the hezbollah in lebanon, or the hamas in gaza. not to mention the militants in iraq and syria. all piling on to israel and he had to actually say to the united nations which is just passed a resolution to kick israel out of the united nations, he had to say to them, basically, have you know shame? look what happened to our country. you would defend yourself in the same way. what do you think of how netanyahu is handling this entire situation? >> first of all, i'm not a politician, so i'm trying to avoid having opinions about my prime minister and about the situation right now, because everything is very sensitive so i'm here just to tell my personal story and my side of the story and we are a

small country fighting every single day for survival. liz: you are an idf veteran and as we finish up what have you heard from your friends who are on the front line? >> my friends keep ongoing in and outed of gaza and i have a sister that is fighting in the border of lebanon and just young people dedicating their days and nights for us to feel safe in our own country so i do hope everyone gets back home safe and as soon as possible, and i wish for better days and the hostages to return as fast as we can. liz: noa, thank you for telling your story we appreciate it. >> thank you so much for having me. liz: noa kalash. let's bring it back home here, the deadly hurricane he' helanew

a tropical depression is making its way through north carolina and virginia but what is left after the strongest hurricane ever to hit florida has moved on? we are going to take you live to atlanta where helene has just left and this always happens with hurricanes but scores of animals, look at this video from atlanta, were rescued as that form crashed through. many of them needing desperate treatment. we are going to talk to the ceo of alanco animal health about that next. aby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.

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you're looking at a live picture right now of north myrtle beach, south carolina, where the surf is still pretty rough. there are now 35 storm-related deaths confirmed in four states. as many as a million people are without power in florida. our fox weather reporter bob van dillon was in atlanta last night and he had to save a woman from a car that was nearly under water, and she was screaming for help and he rushed there and pulled her out and rescued her. let's go to madison scarpino. madison? reporter: liz, 11 of the deaths that you mentioned have been here in georgia. according to the governor and we no one of the people who died here in georgia was a first responder. now, of course heavy rains brought some severe flooding to parts of atlanta prompting the city's first-ever flash flood emergency and thankfully, a lot of the flood water is

quickly receding but go ahead and take a look at the same area that we're in right now from earlier this morning. the flooding made part of the parking lot look basically like a river. cars almost completely submerged and several people had to be rescued by crews on boats here and around the city. now not too far from the apartment complex where we are right now, atlanta fire and rescue saved a couple. their infant baby and their pet dog this morning and we spoke to one resident who says they knew bad weather was coming but were still shocked when they woke up this morning. >> i didn't realize it had gotten all the way up to these houses right here. it's pretty devastating. this is not the only bad part of the city, so hopefully everyone is safe and got out but obviously, folks didn't move their cars in time. reporter: now before the record rain hit georgia, helene made landfall in florida as a category 4 hurricane. it made history as the first cat 4 to hit florida's region since

1851. president biden has been briefed on the damage and is sending the fema administrator to survey damage in florida and the president has also approved emergency declaration requests for the governor here in georgia, as well as in alabama, north carolina, and south carolina. liz? liz: madison thank you very much and by the way fox corporation has made a donation to the red cross' hurricane helene relief efforts and it does continue to be a big disaster, but we are annual giving program partner. here is how you can help. visit redcross.org/fox forward or scan the qr code on your screen. and you know we should tell you we are seeing incredible stories of harrowing rescues over the past 24 hours. yesterday, when the hurricane was bearing down, the us coast guard rescued this man and his dog off the west coast of florida. roughly 25 miles offshore

from sanibell island, near fort myers. the coast guard posted this video of the rescue showing a helicopter lifting up the sailor and his dog. according to the coast guard, the two were on a 36-foot long sailboat when the ship, the craft, started taking on water. luckily, both are in good condition but what about all of the other pets trying to find shelter during the storm, and many of them need medical treatment as well. joining us now in a fox business exclusive is elanco animal health president and ceo jeffrey simmons live from the company's headquarters in greenfield, indiana. of course we stress the human toll is far, far greater here, but, you know, i know that you guys, no matter what hurricane it is, provide support for animals who somehow end up in shelters after hurricanes. what are you seeing right now? what's the communication you're having about, i mean there must be hundreds of animals that need help. >> yeah, thank, liz, and thanks

for opening with that. our thoughts and prayers are with all of the people suffering from this storm and our 10,000 employees understand the importance of the pet and how such a critical part it plays in families. we're doing a few things, liz. first of all in elanco, we mobilize our teams in communities to work with shelters and vented rib air vet. they play such a critical role at a time like this and the third thing is we actually partner with greater good charities where we can actually take medicines that you mentioned into these communities. a good example is all these pets in standing water, tick, flees, worms, become critical and getting medicines to them no matter what their situation is to ensure these pets are protected. the humanization of pets. petechiaes bpets being part of y never mattered more to society and storms high lit this. we're a purpose-driven company and times like this , our hearts

go out to everyone and we're trying to step in the gap and help how we can. liz: the fact you just pointed out them standing in standing water probably who knows, and saltwater, horrible for the skin. the fda just approved i believe the new drug that you're putting out and it's a canine dermatology med. can you tell us about it and how big you expect this to become? >> yeah, thanks, liz. its been an exciting week we're in on the approval of zenrelia, so the number one reason pet owners go to a vet is an itching dog and there's close to 17 million dogs in america today that are untreated or actually have problems and are still working on this whole area of an itching together, atopic dermatitis. it's a $1.7 billion global market growing double-digit but 70% of veterinarians are saying we need another option so

zenrelia is one of the first innovations to come into this market and brings three compelling reasons that we've seen so much interest here just in the last week. it is more convenient with one dose per-day. it's highly effective, and it's affordable. it's going to be at a 20% discount on price which is just going to give more access to more pet owners that maybe can't afford today's current treatment. liz: well, from house pets to bovine, to cows you're also working on the therapy to bring down the methane gas many of these cows do produce and that of course be a boom certainly for the atmosphere, environment, et cetera, but overall, what is your great hope for this company? you've got a $7 billion market cap. your stock today is doing very well it's up about 3.7% and over the past year you've outpaced at least when it comes to stock increases your rival zoetia, although they have a much bigger market cap.

what are you aiming for here, jeff, for elanco. >> i'm first excited its been three decades in this industry and the durability in what you see in the multiples of this industry. the humanization of pets, globally, and the significance in you see the growing demand of animal protein and the fundamentals are strong. we're the second-largest independent animal health company with a compelling value proposition, and i say it comes back to these three words. growth innovation cash, we've had four quarters of growth. we're guiding for growth going forward. the second is the big one, you mentioned is innovation, a blockbuster in our industry is 100 million. there's not lots of those in our industry. we are going to launch six of them. those three behind us, we're launching three over the next three consecutive quarters and another one next year and these are in large markets like this $1.7 billion derm market. next quarter we're expecting to get an approval in a $6 billion market with the broadest coverage and as you just

mentioned we just opened up a really exciting thing for the competitiveness of the american farmer, and that's how we can turn environmental health and reducing methane into actually monetization. today we're expecting between now and the end of the year to launch bovair into the dairy industry into the us and reduce methane by 30% but actually, it all starts sustainability starts with farmer profitability. we've got a half a million dairy cows of the 9 million already on an analytics database that can measure emissions that can actually quantify and allow a former to sell carbon to a cpg company and that is happening and that's not some idea and i see a path to a carbon-neutral farm that's going to create a more compelling protein for farmers and not just getting a million being check or a meat check but they are actually going to get a carbon check and that's going to become a reality and i'm a big believer. this is not about esg. this is about an in-set market

where dairy farmers and beef farmers can make money on the environment. liz: you wouldn't do it if it weren't good for the company and the business. i try and remind people of that. it's just business, people. jeff it's great to have you. how many pets do you have? >> i have two lab rosenstein labs and i'm hopetogether have y home very soon. liz: our best to your pups thank you so much. >> thank you. liz: shares of trump media the parent company of the donald trump majority-owned truth social, are rising, despite a co-founder's big stock sale. charlie gasparino on what's next for shares of djt. and mike richter, if you're a hockey fan you know, he was the all-star goalie for the income r new york ranged the team to the 1994 stanley cup victory but two concussions in the games that followed ended

his career, and then he had to sit there and ask himself, he was 36 at the time. what do i do when i pulled away from my dream career and all i've known my whole life is hockey? let's enroll in jail university, to finish the college degree, study business and later become the president of the company. let me just do that. that's exactly what he did a different life from playing hockey but former new york rangers goalie mike richter joins me to share his responsible and remarkable story on my pod cost tomorrow. listen on apple, google, spotify, iheartradio of wherever you get your podcasts. dow jones industrials up 157 points charlie's up next.

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liz: fox business alert. iranian officials are now saying that israel is "crossing tehran's red line. israel aimed missiles at tel aviv, israel and that "the situation" iran says is becoming serious. iraq even suspending all iraqi airways flights to and from beirut due to deteriorating security situation in lebanon. set your dvr for monday. we have wilbur ross, the former

commerce secretary under donald trump, he's here in a wide-ranging interview asking about the economic impact of a potential port strike, the upcoming election and much more but in the meantime let's check shares of trump media stock. they are soaring at this hour, well soaring, up 5.5%. the fact they are up is really interesting, because it shows resilience even after one of djt's major shareholders, united atlantic ventures sold nearly all of its stock in the company, cashing out at well-over $100 million. investors are undeterred, undaunted. charlie? charlie: i don't know why. you know, liz, i will say this. what scares me about this stock is that it performs like a meme stock, and, you know, the meme stocks are all over the place. they usually end up not good, right? usually hurts the small investor, but this looks like a meme stock if there ever was

one. stock is up on the notion, i think, that donald trump is going to win the election, even if he wins the election, liz, it has nothing to do with the financial fortunes of djt. this is a company that's losing money, burning cash, and quite frankly, suffers from some of the same things that twitter suffers from, x, that elon has to deal with. lack of advertising, you know, hard to monetize, user growth. this is a bad business model, so my point is that yes, stock is up today. by the way it's two of the founders, right? it's two guys that found it. think about that. they made $100 million out of this? it's just, to me, it's mind boggling that they made $100 million. liz: had they sold a lot earlier, because -- >> they would have made even more. liz: right now, it's at $14 and change. >> it's a guy

named letinski and moss. they were the co-founders of this and they had since fallen out of trump's favor. i think they sued trump. trump is suing them, so as soon as the lock-up period ended last week, they blew out. it's just reminds me, just for the average viewer out there, that is thinking of going into all of this. of all of the stuff with meme stocks take amc for example. this is perfect. amc is down like 99% from its highs. since the time, and that's since the meme stock craze occurred back in 2021, right? january 2021 was the start of it. liz: okay. charlie: during that time, we did a great story about the tens of millions of dollars that the corporate insiders sold, while the loyal shareholders known as the apes held, and a lot of those folks held and are still holding sitting on 99%

losses, while for example, adam aron, the ceo, cashed out at his shares well into the double-digits when or triple digits depending on how you look at it. remember there's a reverse split on this stock. if you take it, as the reverse split, he sold out when it was trading at $300. liz: but trump has done none of that. he says he's holding. charlie: my point is that i'm making a comparison between the two. insiders often take advantage. not illegally, but legally of a meme stock craze, and they did it with amc, obviously did it here. it's not illegal. it's totally cool, but remember that. when you buy this stock, there's issues with it, and that's why there's something called insider disclosures, right? when insiders sell a stock, it's disclosed to the public because it's an indication, maybe something might be up, people are losing confidence, and these

are two insiders that sold even though the stock is up today again it's following an interesting meme stock pattern like i've always said this , liz and i'll say it again. if you want to give a campaign contribution to donald trump give it to him. don't buy the stock. someone said i'm fired why is that? oh, the apprentice. liz: what about it? charlie: i don't know. they are yelling in my ear that i'm fired. liz: charlie thank you. charlie: did i miss something? did you get a call from legal or something? liz: done. closing bell, four minutes away. okay, for the week, because it's friday, all three major averages are up, and the big winner is the nasdaq. it looks like it will gain nearly 1%. at the moment though we're looking at a record for the dow jones industrials at the moment. all right, big blue going for the gold as ibm hits an all-time record as well. our countdown closer has the dow component on his medals podium,

but he has a caveat about investing in stocks right now. joining us with 1.5 billion in assets under management is tim pagliara. tim, we'll get to ibm in un second but i'm interesting to know what you're concerned about when it comes to equities overall at the moment. >> well thanks, liz. we've gone from 250 billion in interest expense in 2020 to $1.2 trillion. we're spending money as if it has no, you know, consequence, and at a certain point in time, we have to address that. that will impact the valuation of the market and inflation is sure to follow. liz: it's not a warning people should dismiss. if for no other reason, the incredible run-up that the stock market has had, although people a year and a half ago were saying be careful be careful, in fact, as we all

know, morgan stanley's mike wilson had, well, if you listen to him you would have lost money because the stock market has gone up and up and up but let's get to big blue because that stock as well has really surprise to the upside over the past couple years. talk about that and why you still like it. >> well, they just have everything going for them at this point, and there's one thing that they have that people really haven't focused too much on. they are one of the leaders in quantum computing, and that's the next gen next generation of innovation, so they've got a very very exciting future and it was a value stock that has now moved towards being somewhat of a growth stock. great dividend. it was a safe play in the tech world but has a tendency to be a little too crowded at times. liz: okay that's fair. you're giving this message to

investors to be sure to have some cash and liquidity ready. when the sell-off does hit what is the first stock you're going to buy, tim? >> it be hard to say at this point. it just depends on, you know, where the market takes us, but i still like a.i. infrastructure plays. i think there's some neglected plays there that are still good value, so i have a tendency to stay as invested 100% invested except during periods like this where we have a high component of treasuries and we're also looking at other asset classes as well. liz: tim, thank you for sharing your thoughts with us. >> [closing bell ringing] liz: it goes the fireworks are queued. it is the 32nd readier close for the dow this year. that's going to do it have a wonderful weekend kudlow is next. larry: hello folks, welcom