have been offered a 55% raise in most americans cannot say the same. meanwhile as a country we took on $149 billion in foreign direct investment last year end most of that was acquisition as a business expansion with any company dear to do business if the white house is working to control your payroll, by the way all the stimulus programs that stoke inflation make the shipping companies a profit the fortune that kamala harris is talking about in the profit gained a lot last year this is the dilemma if you tie worker pay to profit what happens when the prophets come down. i don't follow the foreign shippers that much but the merck stock zoom to $18 when harris and biden put the money into the market of the economy and it's down to seven now, be careful, liz claman can you get us out of the hole.

charles: i'm sorry taylor riggs. >> i was going to come and say stop hoarding mate with the paper. why are people hoarding toilet paper. it is weird. >> that's only reason i bought a house or garage. taylor: thank you, great show. a fox market alert stocks lower right now as investors are eyeing multiple different stories at this hour, first up middle east tensions are weighing on equities oil rising for third straight session on pace for the best week that we haven't had since march of 2023 were also watching major economic developments from the port strike, goldman sachs eight every ten days that the port shut down there is a two tenths of 1% cut from gdp, if this continues golden state it could, 45000 jobs from the october payrolls report. another big story that we continue to monitor, the devastation from hurricane helene we have a business owner

from north carolina joining us about the impact that he seen on a small business first our top story were in the final hour of trading ahead of the jobs report that comes tomorrow morning this comes after the adp employment numbers that came on wednesday those were better than expected but then you have the jobless claims this morning rising a little bit more than expected, where does that put us the jobs report tomorrow many thinking this could be the deciding factor on whether the federal reserve cuts 25 or 50 basis point all in november and that's where we will go next with the floor show kicking it off innovator capital management had of investment strategy and research tim and along with steamboat trader scott bauer who i know pretty well from my former days, let me start with you what incomes jobs day tomorrow are the markets ready for 25 or 50 basis point for the

fed in november how is the market positioning. >> the expected move if you look at where volatility is an option premium and the s&p the expected move for tomorrow is about 60 points were over 1% move or so i think the market is pretty much pricing in where the vix is if you look at the correlation between vix and s&p market i don't know that were looking at a 25 or a 50 because yes jobs numbers are really big but were getting it the cpi and ppi data next week as well, there is a little bit of teetering and the probability went down a little bit for a 50-point cut at the next meeting they favor a 25-point cut right now but there is a lot of data ahead of us and even though the big number is

coming out tomorrow i don't think that will be the deciding factor for the fed. taylor: how are you thinking about markets at the top of the show we mentioned the geopolitical risk overseas in the port strike they seem to be pretty inflationary and then you have the federal reserve that is cutting how you think about inflationary pressures in the way that you can or cannot play that in the equity markets. >> i think it's a great question in the conversation that we have with our advisors is shifting to making sure we have built-in risk management in our portfolio we have seen a lot of people make the mistake that the fed is cutting interest rates and that means the entire guild curve is coming down with a and it's been anything sense we sell the 50 basis point move and what were encouraging our advisors to think about, the fed controls the short end of the curve but the longer an intermediate in the public curb trade based on expectation and has spread based on the fed funds rate.

if we were to see current expectation play out with the market is expecting a 2.75% terminal rate in 2026 you tack on the historical median spread of 8% and a quarter over the last 30 years that put the ten year treasury right at 4% actually higher than we were at right now if we prepare that with all the pressures that were seen with the middle east tension is about disconnecting risk management in the portfolio from relying on interest-rate having to come down that means bonds, interest-rate sensitive sectors defensive stocks all of the above all about risk management built-in right now. taylor: i want to talk about technology in valuation, there is an incredible chart showing after openai latest funding they just pulled in $6.6 billion funded not that values them at $157 billion they are worth more than some of the other major big caps and there's certainly worth more than the big caps in the mag seven that were alive during the.com bubble, do you get

worried about big tech valuation. >> there is no question about it and when you look at openai i think what people are looking at this is the last best ipo that is coming out is this the one that is absolute game changer the one we have to have new what is happening a confluence of a lot of money on the sideline a lot of money and private equity right now still willing to throw money at big tech, there is no question about it but then you look at this and say this has been in the making for a while, there are firms out there in venture capital that says we have got to have that, yes, i am concerned about the valuations and i think what we have seen happen over the last several months the last six months with the likes of nvidia and others we seen the valuations come back down a little bit but for a new

ipo i would say it is scary. taylor: tim what is your top etf pick with installing all the worries we just discussed. >> we seen a lot of advisors gravitate toward one 100% downside protection strategies a oct is one that's very popular over the last couple of days this strategy provides one 100% downside protection on u.s. equities and upside exposure over two years to account for around 13% we have seen a lot of investors using this as a way to hedge of the market comes a lot of highs hedging some of the geopolitical risks, also as we look to earlier with the fed cutting interest rates investors have loaded up on cash when it's at higher rates now they need to find a home those higher rates have a shelf life and find ways to a tyson cash and getting it back into the equity market in the one 100% buffer like a oct are a great way to do that and get the cash invested and we see

pretty significant tax advantages relative to the savings account and cds that investors are sitting in. taylor: we appreciate both of you tim and scott bauer, thank you for joining me we appreciate it meanwhile, the were in the middle east no signs of easing as israel is hitting southern beirut with fresh airstrikes today the israeli military say instruct 200 has bullet targets in lebanon including weapons, storage facilities and observation post and also warn people to evacuate a city north of the buffer zone as the battle the iranian backed terrorist that is a signal that a wider ground operation may be coming soon this comes as israel's war cabinet ways response to iran's ballistic missile attack on tuesday, president joe biden has dismissed supporting is really

retaliatory strike on iranian nuclear sites but today he left the door open to strikes on iranian oil infrastructure saying is being discussed for more on the latest development in israel were to go live to trey yingst who is there in israel. >> afternoon overnight is really forces ramped up strikes against hezbollah and the lebanese capital of beirut multiple explosions were reported with israeli planes overhead israel since they were conducting precise strike 15 to be exact we know according to local health authorities six people were killed and eight injured video from the scene of one strike showed significant damage to a building closer to the city the many previous strikes, further south israel ordered the evacuation of 25 villages and towns south of the latonya river one has an estimated population of 40000 people in another indication israel intent to

expand into southern lebanon the war in the north erupts israel is continuing to strike the gaza strip killing 90 people this week alone among the dead dozens of civilians is really military confirmed today that it killed a senior hamas official three months ago only today with a able to confirm his death the israelis continue to brace for the possibility of a response from iran but on the ground inside of lebanon they are quickly seeing the difference between fighting hamas and gaza and southern lebanon and another israeli soldier was killed bring in the ductal sensor ground operation began to nine soldiers. taylor: trey yingst we really appreciate on the ground reporting, well done good news for americans using eli lilly weight loss drugs that means bad news for one company trying to squeeze into the sector we will tell you how the belt is loosening on that valve and mounjaro in which one is taking the county. the devastation from hurricane helene hitting close to home for a north carolina small business

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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. taylor: president joe biden headed to georgia office hours that you are areas impacted by hurricane helene earlier today he visited tallahassee as well as florida to survey the vast devastation hurricane helene is the second deadliest hurricane in the u.s. since 1969 and only topped by hurricane katrina back in 2005 the death toll stands at more than 200 more than 70 of the deaths occurred in north carolina which was devastated by fast-moving floodwaters that

were caused by the storm right now only 20% of western north carolina health cell phone or internet. asheville north carolina is essentially cut off from civilization one small asheville business origin brewing was wiped off the face of the earth and whether the founders joins me now. our hearts go out to you give us an idea on the ground in north carolina what are things like and how are you doing. >> things are tough to say the least. it is hard to travel hard to get anywhere roads that are open for driving have potentially been closed as they continue to search for bodies the situation there is apocalyptic at this and it's hard to be there and

experience it to be honest. taylor: there's also a business angle as well as the human angle and from the business perspective is there any hope of salvaging your business? >> you be really difficult the main hurdle we have is the simple balance sheet we have a liability and assets, those assets are gone that is a pile of rubble in their scattered for miles, the difficulty now is navigating with the bank and trying to figure out how insurance is going to help look like it will not fully cover for us as one small business we employ ten people those people had families, homes and were hoping to find a way to reopen what is going be a long path. taylor: are you getting any assistance from the state or

federal government? >> at this time we have not heard of any assistance that we will be receiving fema does have assistance on an individual basis, for example my home personally had a tree branch come down through the roof into the living room, that is something i'm anticipating fema may help with but as far as the business goes were in limbo and were hoping the federal government can come through and give some assistance as needed. taylor: if they don't are you facing bankruptcy? >> there is a real chance and have to evaluate a lot of options and i will exhaust all of them to avoid that but if they do not come through there is a serious chance of that. >> i have distant family that was affected much less though and you in florida but they said some of the issue that either had hurricane insurance but if flooding was the issue then the hurricane insurance was denied or vice versa, how are you

dealing with the insurance companies and whether the hurricane or flood insurance is enough to cover. >> we are good people on her team and on our side and were evaluating all the options, even getting the full language of these policies is hard to do, right now were navigating that and were looking at what it is because what kind of insurance happens when a railcar get lifted up and smashes through your building was not a flood or hazard what was it, that is what were navigating now i assume it's good to be long back and forth with these insurance companies they have it in them to protect us they took her money and i hope they can protect us now that this is happened. taylor: we hope so too i think a lot of people are frustrated that we send billions to ukraine and we haven't been able to step up and support you in the right

way our hearts and prayers are with you and we wish you the best on the human toll but also your future business as well, thank you. >> thank you, if anyone can donate to a gofundme we would really appreciate it or just spreading the word i think everyone down there feels a little under appreciated and anything you can do would help. taylor: well said to do something to help box corporation has made a donation to the american red cross hurricane relief fund you can also help if you wish visit redcross.org/foxforward or you can scan the qr code right there on your screen. meanwhile other news the fox business alert hymns and hers health is not so healthy after the fda said the shortage of the popular weight loss drug that boundary and mounjaro has been resolved hymns and hers had previously developed compound versions to take advantage of the shortage, levi's investors

are losing their shirts after the maker trimmed the full-year revenue outlook and posted weaker than expected revenue for the third quarter levi's is contemplating selling the dockers business which the company said has been underperforming also take a look at shares of tesla they are losing charge after the website no longer listed the standard range rearwheel drive version of the model three for sale in the u.s. that is the lowest and most affordable price model there are only the pricier long-range rear wheel and all-wheel-drive options that is leaving concern of customer appetite for some of the higher priced cars, ev go is powering up after the electric vehicle charger company they received a billion-dollar conditional loan from the department of energy j.p. morgan upgraded ev go to overweight and

citing utilization rate compared to its peers as well as its owner operated model. meanwhile artificial intelligence is created a power during as massive server stock energy from an already taxed grid but one company is creating the pipeline to keep the power moving the ceo of amsc is to tell us how he is doing it is the fox business exclusive nature to check at "the big money show" brian brenberg, jackie deangelis and i have all the latest business in market news each day at 1:00 p.m. eastern only right here on fox business. we'll be right back

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taylor: power demand is surging across the u.s. thanks to the boom in a.i. the owner of the shattered 3-mile island nuclear plant pursuing a $1.6 billion loan guarantee from the federal government so it can sell the electricity made thereto microsoft in order to power the data centers all of this push comes as global competition to dominate the extremely energy dependent a.i. industry is already paid up energy technology company amsc is addressing the demand issue with superconductor tech that enhances power grid performance speaking of performance the stock is up to 80% in the past year joining me now in a fox business exclusive chairman and president ceo daniel mcgann

thank you for joining me, can you first explain to people like me generally how your technology works. >> sure there's a tremendous challenge were trying to ask the electric grid to do a lot of things is not designed to do so our company provides the capability and the capacity in the tools to manage the power to allow the grid to do some of the things that we are trying to make happen via electrification and transportation, be it data, be it ships for putting a lot of demand on the grid that were in a very interesting position technically to help our customers solve and how we do that through a lot of different control technology that get more out of the existing infrastructure already there. taylor: how much of the increase that you've seen in your business is coming from the a.i. boom. >> i think a variety of phenomenon creating a rising tide lifting boats in the grid

segment. i think that is something we will see over time i think there is hints and news that will head in that direction but i don't think the grid is prepared i think it presents a future opportunity for us. taylor: you also work with the u.s. navy, is not just enhancing the grid but is also working with the navy tell me about that partnership. >> were working to protect ships from harm's way as the under observation this is a product of element effort with the u.s. navy that's on for the past several years and we got a handful of contracts for the first ship to be on multiple ships within the u.s. fleet we deliver the first system which is now at sea with the u.s. navy we have a second contract for a second product development to do additional capability for the navy around mine protection and most recently the summer we got a large contract from the world canadian navy to take the same technology and deploy on their

ships as well. taylor: there's been a lot of conversation about the health of our existing grid and if it can handle this, is a reliable how do you think about allaying those concerned about a.i. the energy it is going to suck up with the existing grid is okay were just going to make it more reliable can you relate those concerns. >> i think we can relay them and there is a couple ways to do it some companies are trying to take the approach to build their own grid and that might be an opportunity for us but also is trying to harden the existing grid for a lot of reasons the renewable energy and transportation are data and chips the grid is vulnerable inherently and i think the grid needs to keep up with the growth which is a tremendous challenge that's what companies like ours coming to build the tools to

allow the existing grid to take on the new challenges. taylor: we came into the segment talking about 3-mile island in a lot of countries also included thinking about nuclear in this country as a source of energy other opportunities in nuclear for you? >> and think there's opportunities on the grid with the reemergence of nuclear may enable us to take advantage of. in our business is trying to make the grid do things that it currently is not capable of or challenge to be able to do changes in generation be it renewables or other sources create existing persistent challenges on the grid that we feel were in a good position to solve. taylor: we talk about the big stock surge in the share price of your company in the last year one good thing about that you're able to take a vintage of the high prices to fund new

opportunities, do you plan to do so? >> i think it opens up a lot of opportunities in a much bigger market and a lot more investment in the infrastructure that is necessary to solve some problems were really at the center and benefiting from it we grew the last quarter 30% on the year ago quarter and were guided for the most recent quarter that we will be up again another 30% on the top line our business is benefiting from a lot of the trends as were at the center and this looks like a trend that will continue for a long period of time the grid needs a lot of help. taylor: we came off of a sad story of hurricane helene and the devastation in north carolina is there anything that you can do to help some of the devastated areas in terms of making the grade reliable in bringing power back to people? >> making it more redundant and energy to move from multiple points in the grid to multiple

points on the distribution side where customers are that is something as we start to see whether and climate impacts happening that we think is putin for the grid to try to do we have very unique technology that helps enable that to work more like a network as opposed to a direct connection to your home. i think there is opportunities here. it's terrible to see the devastation it is hard to hear the businessman that you had on talk about the direct fight that he has, fortunately i cannot help him but i certainly think we can help try to harden the system and infrastructure so a response to some of the challenges can happen more quickly. taylor: i give you credit a lot of people think the energy in the electric grid is lowering but your shedding a whole new light with the a.i. boom we appreciate you coming on the show daniel mcgann phenotype or should opportunity.

>> a presidential candidate hitting the campaign trail hard today former president donald trump rallying in michigan we will tell you what polls in the wolverine state are now saying and were already starting to see the unintended consequences of the longshoreman port strike the owner of roby trucking is here to tell us how his small business is feeling the heat from the picket line of fox business exclusive in "the claman countdown" coming right back. ♪ (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course!

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this is rewarding to the polls, meanwhile vice president kamala harris has just touched down in wisconsin headed there which is known as the birthplace of the republican party she will be campaigning with republican liz cheney the former congresswoman who endorsed her last month we will keep you updated on any breaking news that comes out of the two events. meanwhile while harris and trump to get out and battleground states, joe biden gave an update on the port strike which is now on day three. [inaudible] >> i think were making progress. >> how much progress. >> will find out soon. taylor: not progress enough, long lines of container ships are sneaking around gulfport as

the surcharges for shipping clients are starting to mount for the trucking industry the situation is dire you have inflation plummeting freight rates hurting the sector in the past couple of years and the collapse of the francis got a bridge in baltimore that has one local company wondering if it can keep on trucking joining is now the owner of roby trucking ryan roberson thank you for being here talk to us with the latest port strike what impact are you seen yet if any. >> i'm starting to see right away that a lot of the freight is running out we are one or two more containers left of for the week and that's it and unfortunately a lot of drivers want to be home and not working and were not making money. taylor: what happens by the end of the week if you start running out of freight to carry. >> my drivers will be home or will try to do power only and domestic work from warehouse to

warehouse kind of thing to supply the walmart, target and things of that but as far as receiving new freight into the baltimore area it's good to be none. taylor: are you going to have to start layoffs. >> i hope not that is the last choice we want to do, i plan on keeping my guys working as much as i can going domestic free. taylor: do you think that the port strike longshoreman understand that there hurting small businesses like yours you can agree or not with their cause but do you think that they understand the plight in the situation that this put you in. >> i think they have an idea, i'm not sure i would love to get out and talk to somebody i know the truckers are coming together possibly this weekend to discuss what can we do to get these guys to understand were hurting to and we have families to take care of and food to put on our

tables as well what can we do to help you guys get this done. taylor: do you take sides in the negotiation? >> i believe anybody that believes in more money for them and their family i stick behind them. taylor: talk about the impact from the collapse of the baltimore key bridge that we talked about on march how much pressure were you already under giving that event just a few months ago. >> it was already a big hit with the bridge collapsed inexperience for the last six months it was already hard before the six-month happen trucking was taken a hit and it was already hurting as far as the freight coming in at the baltimore or anywhere and i also know everybody is feeling the head of the economy dropping down and not receiving the freight that would usually get now as far as baltimore

receiving the catastrophic, just seeing pictures it hurts me, the bridge falling down, we are completely stopped in baltimore. it was definitely hard for us in trying to make ends meet right now even after the strike three months after is seen momentum and i don't know how were making about we are. taylor: i want to ask you about the pressure that this is put the president under, he has come out and we led the story with this he does not want to weigh in, yet he could he could enact that would w which would force e longshoreman to go back to work, what would you like to see the president do. >> somebody has to say something or tell us something i need answers somebody has to help we are hurting out here drivers are texting and calling ever since i saw the last show what are we going to do somebody has to tell us something about the world know something so we know how to

maneuver i think biden needs to say something to us, please say something. taylor: would you rather that they get help from the small business association i know they have a program. >> absolutely i think all truckers can say we are tired of loans. taylor: after covid had enough and go back to business. >> we are tired of loans. >> i want to end on money describe the impact of your business in your family and you mentioned you have employees, one of the last few weeks and few months been like for you. >> catastrophically dropped, you have to think we went from making truckers between two and $3000 a week and were probably seen $500 a week with the change in the next week who knows it might be 0. taylor: we wish you luck, we're sorry about your business and the decline in revenue we are

hopeful for everyone this gets resolved and we thank you for coming on and sharing your story. ryan roberson. >> all you guys keep trucking. taylor: the security and exchange commission is appealing a federal court ruling of ripple over sales of the x rp token, charlie is here breaking it down next on claimant. ♪

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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car.

everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. taylor: the nfl in talks with david ellison on a potential media right steel according to bloomberg the nfl could sell the media and nfl network channel or paramount global could purchase the nfl interest in sky dance ports, paramount agreed to merge with sky dance over the summer which is on track to close next year and has a contract with the nfl worth $2.1 billion that goes through 2033. >> i don't get now that you brought me into this, but i don't get those seem like two weird outcomes, one or the other. he by the rights or .

taylor: the only thing i have to say i love my 49ers, is that what you want me to do. >> i like the 49ers to but i don't think this is that big of a deal is the stock moving, no. >> let's go on to what you're here for. >> is always down for paramount. >> the price of x rp as you can see down a little bit this hour just about 1% but not as much as investors may have thought given the security and exchange commission filed an appeal in the second circuit court of appeals that could directly challenge the regulatory status of x rp, obviously. >> as a buddy who has covered this from the beginning we done a ton of work on the rogatory side of x rp and that is ripples native choroid sued by the sec on jake clinton during the trump years literally the last day in office as fcc chair gary gensler

the current chair under biden has kept pushing the case the case got a mixed ruling from a federal judge anna-lisa torres a bizarre ruling that said x rp that was sold to institutions violated the law there should've been disclosure if you were an institution but if your retail guy you don't need the disclosure which is weird that's why the sec is appealing this that is a weird binary outcome where retail investors would set a precedent that retail would get less disclosure than an institution is what has the sec a little freaked the good appeal this, 50 cents at you saw 53 whatever it is down from hype it was treated in the 60s, that is about fair value if we cover this in terms of how this has been shaking out with the various court rulings and if you think the sec is going to win it is a 50-cent maybe a little

lower you can extrapolate that from the trading history maybe 40, i don't know but it did not area and if you think they're going to win it looks like this is a 70 set that's where their trading, the question is will the sec i can just tell you that the judge who is the federal judge, considered the dean of the judiciary when it comes to securities laws, criticized ann lease torres' decision. not by name, but, you know, you just can't have that sort of disclosure mandate out there -- taylor: right. >> -- where retail gets less. so if you were a betting man or woman -- the. taylor: thank you. >> -- or person -- taylor: cat. >> cat, yes, you would say, you know, advantage goes to the sec. ripple will fight it. ripple's got tons of money, you know? it's got uns of money even aften

after paying $120 million on the other issue regarding the institutional investors. and, you know, it'll be with interesting to see how this thing shakes out. i just don't know -- i mean, this is kind of weird. how do you have that that type of disclosure? how do you have a precedent that says the little guy, even if you buy it in the secondary market, listen, we buy stocks in the secondary market that are literally underwritten by major wall street firms. does that mean that they don't have to disclose, they only have to disclose to the wall street firms and not me because i bought it from my broker at merrill lynch who was part of the underwriting consortium? it's weird. taylor: well, we like weird, and we like you. >> go, 49ers. taylor: go, niners. >> now you're forcing me to move up this paramount thing. [laughter] by the way w did it move? taylor: we're work on it. all right. closing bell just about five minutes away, you guys. markets are heading lower ahead

of tomorrow's september jobs report. remember, that comes out 8:30 a.m. a tomorrow. it has been a bit of a roller coaster for the s&p 500, right? alternating between gains and losses really for the last eight sessions. now, bank of america just unveiled the top ten value stocks for the month of october including names like aflac, darden, raymond james, ameriprise financial. but my countdown closer likes another name that's on the list. it's trading at a discount, it's down about 10% so far this year. joining me now, senior portfolio strategist and managing principal at p-pac private wealth management, david dietze. david, great to have you. what's the stock, and why do i buy it? >> deadon is one of our favorite pickings. it's the an energy name. of course, it was the s&p's top performer in 2021, but since then, of course, as energy prices have come down, we haven't had the lip despite all these geopolitical consequences.

part of the problem is the showdown in china, but right now we think this is a great time to get an entry point here. we are hearing news there could be an attack from israel right into iran including our government seems to be blessing a potential attack right on those oil facilities. if there is a shutdown in transportation out of the strait of hour murksz anything can happen with the energy price. of course, also back in china we're seeing mega-stimulus x that could boost demand up. taylor: okay, so for companies like devon energy, is that more of a supply story or offsetting demand weakness story? is it a supply or a demand story? >> really both. but our bullish case comes more from more demand. if, in fact, china gets back on its feet, and all signs show the chinese government is committed to get the second largest economy on the face of the earth back in gear, that will far offset any supply variation. remember, whatever happens with

iran probably it will be a short-term story. there could be some destruction, but it's only to part of the supply of energy and, of course, we don't think that war's going to be long lasting. taylor: you also like necessarily. why? >> so -- nestle. why? >> we're in a tricky area of the market with super high valuations, super low dividend yields, so we're looking for companies that kind of own their space. nestles is a company that's 1500 years old. the number one consumer staple provider on the planet in 190 countries with about 30 brands that have 1 billion or more swiss franc revenues. what we particularly like is their gerber baby food and pure arena if dog food. there's been a lot of trading down in terms of private label products, but no one takes a chance with their kid or for their dog. meanwhile, a dividend that's who with two and a half times the s&p 500. it's trading at lower than a

market multiple, so we think in -- and, of course, this data, t about 100 now from 141, we think it's an excellent entry point, and with consumer staples, you're less concerned about the path of the economy. taylor: i had a baby a year ago, but i'm a cat person. you come here with thing dog stuff. we only have a minute if left. you also like pfizer. why? >> pfizer's a blue chip pharmaceutical company. you've got a dividend trading 11 times next year's earnings. out got all this aa claim during the covid-19, they're the ones that came up with the vaccine -- vaccine, but now they're down by half. they've gotten a whole trove of particularly drugs focused on cancer. they recently bought seagen in december, we think they've got all sorts of stuff in the pipeline, we have the utmost respect for their ceo, recently bought a million dollars 'worth of stock. he's putting his money where his mouth is. and, of course, with the

dividend, interest rates coming down, people are looking for dividend-paying stocks. taylor: 20 the seconds. how important is jobs day tomorrow for the market? >> well, it's very important because it's going to lay out the path for what the fed is likely to do particularly in november. we get less than expected number of jobs created, we're looking at a 50 -- taylor: do they go that 25 the or 50? >> it depends on tomorrow. if it's weak, i think they're going to want to get those interest rates down to prevent manager more than a service landing. if it's more than expected, they have the option to go 25 basis points. taylor: david dietz, we love having you on the program. thanks for being here. markets are lore on this thursday. maybe, as we were just discussing, tomorrow's jobs report can turn stocks around with the week hopefully ending with gainsful that'll do it here for "claman countdown." thanks for tuning in. she's back tomorrow, "kudlow" is next. ♪ ♪ larry: hello, folk, welcome