in fact because europe keeps going deeper. we can't catch them. but they have paved the trail we don't want to go down, so and this is the thing. i know it's hard to see when you're born into a wealthy, powerful nation. it's hard to see how fast it can slip into an abyss. it's hard to even feel while it's slipping into an abyss but i think there's time to right the ship. that's why my town hall this week, on thursday, it's all about preserving our animal spirits. join me right here in new york city. go to foxbusiness.com/charles payne live for your free ticket. again remember, everything is at stake. if you don't think we could do it, you are making a huge mistake but we don't have any more chances to keep blowing it. taylor riggs in for liz claman. taylor: i have to say you keep touting the cp effect. it didn't look this bad. charles: you got me.

i was focused on other things. taylor: you were and well done. well said there at the end. meanwhile, you guys we have a fox business alert. kicking off a big weekend earnings begins this week stocks are sinking we are now at session lows just this hour, but listen to this. goldman sachs they just upped their price target on the s&p 500 to 6,000. main street research laid out their case for 6,150 all really on the prospects of strong earnings. meanwhile, this hour, we are also tracking major protests on the one year anniversary of hamas attacking israel back on october 7. protester underway this is as oil spiked today up to 76 a barrel on wti over 81 on brent. really on middle east unrest. meanwhile, markets are also bracing for another storm. hurricane milton being upgraded to a category 5. it is expected to hit florida mid-week, but of course, we begin with the big story and it is markets under pressure today. you have the 10 year yield climbing back up above 4%.

you have cpi data this week and earnings as we mentioned. that's what we're going to go next with our floor show. joining me now, chief market strategist kenny polcari and cfra research chief investment strategist sam stovarl. kenny, how much of a headwind is a 4% yield on these equity markets? >> i think it could be a fairly decent headwind especially if people are considering that we're going to run into kind of an economic slowdown and maybe a decline in earnings. not that i'm saying it's going to happen but if that's what the people think is going to happen then locking in 4% for some of their money will prove to be a headwind for such and if we see yields continue to go higher that's just more and more of a headwind as we move through. taylor: sam, we're at 5,690 on the s&p. i mentioned at the top of the show goldman goes to 6,000. main street goes to 6,200. how do you see this market playing out through this october surprise and the end of

the year? >> taylor, well i think that we probably could end the year higher than where we are now about 5,850. i think that we are going through your fairly traditional october volatility. let's remember, it's about 35% more volatile than the average for the other 11 months of the year, and we are certainly getting head scratching data in terms of oil prices, mid east tension, looking at the 10 year yield, also gold and the vix, and so i think possibly, setting us up for possibly a little more of a slide but i would tend to think that the seasonals will be favorable, as we conclude the year. taylor: both of you have mentioned oil. kenny, how much of an impact should we be seeing on energy stocks if oil continues toys this climb higher? >> listen energy and oil have been names i liked all along even when they were selling off on the demand story but now that

we've seen oil rallying backup certainly on the mid east conflict i understand that's why oil is rallying up but after china tried to turn it around if we see them talk at all about chinese demand picking up once again energy names and fossil fuels names continue to move higher because look the world needs energy, whose kidding who and solar just isn't going to do it at the moment, and so i remain bullish on energy stocks and energy names. taylor: sam what energy stock do you like? >> well we tend to favor some of the larger ones like exxon-mobile, also looking at eog resources. i would also caution, however, that high oil prices can also be their own undoing. every $10 increase in the price of oil that is sustained has proven to take off anywhere from 15 to 20 basis points of real gdp, so we are likely to see a

spike if we see the mid east retaliation hit some of the iranian oil depots but i think should cooler heads prevail, we'll end up seeing oil prices come back down to the $70 per barrel area. taylor: sam you're the second person that's mentioned eog resources. i heard somewhere the breakeven for them is about $39 a barrel so oil at 70 or 80 certainly is helpful in terms of profitability for these companies . kenny i want to come back to you as well in terms of some of the financials. big week of earnings this week. the financials really start to kickoff the main part of it on friday. do you like the big brackets or do you think you are more the regionals? >> no i like the big brackets. jpmorgan and bank of america are my two favorites. we saw what jamie dimon did a couple of weeks ago. he came out ahead of the earnings season telling analysts to pullback on because he thought they were being a little bit too upbeat on net

interest income. so he wanted to alert the market that he thought they should come back and in fact they took a little bit out of the stock on that. which i think is the right thing to do because investors hate when companies miss the number and they know they are going to miss the number and they don't for warn to give kind of the market a heads up. in this case, i think even if jpmorgan numbers if they come in a little bit light and it's because of net interest income i don't think it's nearly going to have as negative reaction as it would have had he not forewarned, right? so in my case i like the big names. i told you those two are my favorites and i remain invested in them and will look to buy more if it pulls back. taylor: sam, what about you? >> well, typically we see the global banks which we do like more so over regionals. we like fifth third and m &t bank but the larger ones, jpmorgan chase is one we favor

and basically we're also looking at a seasonally lower period for net revenue and earnings between the june and september quarters, so i think we have to realize that's seasonality. the larger banks typically are not going to be affected by net interest income pressures. we'll probably end up seeing some of that offset by a capital market and treasury area and custodial services as well as wealth management. taylor: i'm grateful, kenny polcari and sam stovall, thanks so much. meanwhile breaking news. hurricane milton upgraded to a category 5 earlier today churning in the gulf of mexico with winds of 175 miles per hour. millions in florida are under a hurricane watch and it is expected to make landfall between fort myers and cedar key wednesday or early thursday, and generac is hitting a 52 week high and when the rest of

the market is up and this is up 8.5% you take notice. milton taking aim at florida as north carolina is dealing with the deadly effects of hurricane helene. 232 people are confirmed dead but of course the damage is also hitting the chip sector, especially hard. this is after a critical quartz mine in spruce pine, north carolina had to totally halt production. gerri willis joins us live from the fox business newsroom with more on what that could mean for semiconductor production. gerri: that's right. it could be destructive and devastating, absolutely. i'm actually from this area and familiar with this. it's a lot hanging in the balance. the devastation left high hurricane helene threatens to up-end the world semiconductor industry, a vast $600 billion business that is the linchpin of not just tech advancement but hey, your everyday life, a population of less than 3,000, located in western north

carolina. home to two mines that produce the purest quartz in the world, and that quartz is essential to chip production used in everything from cell phones to weapon systems. both mines are shutdown as the area struggles with the lack of power and water. listen. >> you don't have it, you won't be making chips, period. any chips. military chips, consumer chips, chips for cell phones, chips for server farms. the quartz is critical to production of all of those types of systems and that is why the market is so sensitive about this issue at the moment. gerri: now these two mines owned by international entities supply 90% of the industry's semiconductor-grade quality quartz for the making of crucibles used in refining wafers. neither company has been able to

reopen since helene struck and access to the mountains is limited and employees of course are looking after their own families. in a statement, its operations had sustained only minor damage but added restoring power remains crucial to resuming our operations. quartz corp. said in a statement on its website that it has no visibility on when operations might restart. if it took two months to reopen the mines, the effects on supply be catastrophic. so far though no one is predicting such a long wake, so a lot at stake here, both companies have assisted. in the meantime the local community with recovery helping repair the local water treatment plant and delivering supplies to families and today, is another storm looms in the gulf, taylor, sabelco has a fund to assist spruce fines recovery with a million dollars. back to you. taylor: great reporting. we appreciate it. meanwhile quartz not the only mineral making news today. there's a major deal brewing in

the lithium mines. we'll tell you who is involved in the play for the product especially for producing ev batteries and other clean energy products. and later, the world marking the first anniversary of hamas' deadly attack on israel. we have the latest on the spreading middle east conflict, and we're talking to one of the heros on that day about what he's doing to make sure the world knows about the disaster and the terrorists that that organization committed on october 7 of 2023. the "clayman countdown" is coming right back. teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne.

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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 2024 presidential election capped candidates speng

the day commemorating the october 7 attacks in israel. in the next hour vice president kamala harris will deliver remarks and plant a memorial tree to honor the victims of that traumatic event. meanwhile former president donald trump attending a memorial in queens, new york, and will be headed to miami for another ceremony in his golf course later this evening. but over the weekend, the world's richest man joined trump in his return to butler, pennsylvania. that was the site where he was wounded in the ear. trump was, by the want to be assassin. elon musk took to the stage with the former president with trump saying that the tesla ceo will be tasked with leading a department of government efficiency in his administration. grady trimble joins us live now from the white house with more on the tech titans involvement in the race for the white house. grady? reporter: hey, taylor. elon musk told the folks there to register to vote. he also told anyone watching to register to vote and to get their friends to register to vote. that was the message he sent

because he says that this upcoming election just four weeks from tomorrow, is the most important of our lifetime. >> this is no ordinary election. the other side wants to takeaway your freedom of speech. they want to takeaway your right to bear arms. reporter: and musk's appearance there in butler, pennsylvania gives you a sense of his growing involvement in and maybe influence over us politics. lately, he's been critical of the biden-harris administration's response to the hurricane. hurricane helene. he's accusing fema of making it difficult to get star link units and other supplies to damaged areas there in north carolina. he shared on his x feed the faa blocked helicopters from getting in and fema says it is getting aid and other supplies to the people who need it, transportation secretary pete buttigieg says he spoke on the phone with musk and told him that air space is not being closed. here is what white house press

secretary karine jean-pierre said in his afternoon's press briefing about that claim. >> that is not true. that's false. the fact is there are no air space restrictions in north carolina, so we're going to continue to combat these. it's important to combat them, but people who have a microphone and a podium should not continue to spread this falsehood. it is dangerous. reporter: so that's what the white house is saying, but former president trump and other republicans continued to criticize fema for its sponsor as the former president called it a failure to get help to the people who need it. after that hurricane, with another one on the way. taylor? taylor: yeah, it's just so devastating. all the examples of these hurricanes grady thank you so much for that reporting. meanwhile, the fox business alert. there are some reports of activists moves that are rocketing a couple of stocks higher today. first up is air products and chemicals almost at the top of

the s&p 500. this is after the "wall street journal" reported activist investor mantel ridge built a more than $1 billion stake in the industrial gas supplier. mantel ridge is expected to push for ceo succession planning and improvements in strategy and capital allocation. pfizer is another one trading near the top of the s&p 500. activist investor star board value has taken a $1 billion stake in the drugmaker and the journal reports they want pfizer to make changes to turn this performance around and they have approached the former ceo and the former cfo to aid in those turnaround efforts. pfizer, they have been down about 13% in the last year. meanwhile, arcadium lithium surging up 33% after the mining giant expressed interest in buying the lithium producer. both companies have confirmed the potential deal which would

help become one of the largest producers of lithium. that's behind sqm. arcadium could be valued at about four to $6 billion. meanwhile, an update on shares of hyms and hers health. they are higher at about 11% today. this is after the telehealth company will be added to the s&p small cap 600 index wednesday. they are replacing the cigarette maker. the significant development underscores hyms growing presence in the healthcare sector and is expected to attract increased investor attention and potential market gains. meanwhile, round two of major league baseball playoffs in full swing. get it? and one company giving cleveland fans a chance to invest in one of their favorite pitching aces. we'll talk to the ceo about how you can cash in on the future earnings of the guardians all-star, the reliever, you know him. it's a fox business exclusive.

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he drives the ball, right center field, edmond back and it is gone. the padres tee it off. second in the game and they've got double-digits in game two. taylor: that two-run home run was the proverbial nail in the coffin to see the san diego padres 10-2 victory over the los angeles dodgers last night. they are all tied up at one game each, but one player was particularly quiet last night. the dodgers star in $700 million man failed to make it on base after leaving the dodgers to a game one win, with a big home run. sports fans will buy nearly anything to get a piece of their favorite players but what if you could invest in certain athletes and get a percentage of their monster contracts? now you can. joining us now, in a fox business exclusive, ceo rob connelly. great to have you. i think first how does this work? >> yeah, so finley is a

platform that allows fans to acquire a stake in the potential future earnings of the most promising athletes in the entire world. taylor: give me an example. fernando did a deal with a company, a private hedge fund where he signed for $500,000.10% of his future earnings reportedly, and when he signed a $341 million contract, this private hedge fund that only accredited investors in this small group could actually participate in, and so essentially, what we've done is the same thing, however, we now do this through a regulation cf, which allows both accredited and non-accredited investors the ability to participate in these incredible opportunities with these amazing athletes. taylor: non-accredited investors is like me as an individual? >> yeah. anybody no matter what you do or how much money you make can participate in these types of opportunities. taylor: why would the player participate? >> the players get upfront capital for doing these deals so it's kind of like an insurance policy for the athletes but what

makes finley unique is they are generating really rich fans that follow them no matter where they go in their career which makes it so special because it's creating unique bonds with these athletes that have never been there before and available which is great. taylor: for me as the investor, i think a lot of times my frustration is once i have a chance to buy something in the public market, let's say uber, ipo's it's too late, right? all of the good early money got in before it was public. is this my chance as an investor to potentially get in before everyone else? >> yes. the athletes we bring on, you're getting in on the ground floor, so these prospects we're bringing on are in single a or double a, and the capital we are raising is helping to maximize their on the field potential getting them better nutrition, better off-the-field training, better housing, helping their family out. so, that's what really helps the athlete out and giving these investors the ability to get in the very beginning in these athletes careers.

taylor: i want to talk about some of the other options that you are doing. we were talking a little bit before. i love baseball, but i really really love football. what are your future investment opportunities? >> yeah, so we'll definitely open up to other sports. taylor: okay. >> we love football and it's a great spot for us. we also like hma, like ufc prize fights where you could have the ability to own shares during a fight and if that fighter wins you'll get a percentage of that prize winning so things like that are great and we have gone down the rabbit hole of investing in a jockey so you can buy the race horse but if the race horse breaks its leg it's a bad outcome for the horse but if the jockey breaks his leg he gets better and your investment stays with that jockey. taylor: why start in baseball? >> the contracts are very great. they are fully guaranteed. and also with the minor leagues it a long road. when a kid signs from the dominican at 16, it's years and years before he can make it to the majors and it's really

hard for a baseball team to identify how good a prospect is at 16. where finley, we're able to evaluate these players throughout the first two years and when they are 18 we can see if they miss-evaluated a prospect. taylor: quickly, the name, image and likeness changed college sports. does this then change the way you look at college players? >> it makes it a little bit more difficult for us to operate within college football. we were talking to a backup running back for texas and he was making close to $800,000 and it was hard for us to really offer college football players deals. taylor: well when you're in football, i'm a huge 49ers fan. i would buy a stake in christian mcaffrey any way or brock purdy. rob thank you so much. appreciate it. >> my pleasure. taylor: the conflict in the middle east still raging exactly one year after the deadly hamas attacks on israel. what should the world be doing to bring the blood shed to an end? we'll take it up with a former

defense department middle east expert. we will be joined by one of the heros from the october 7 attacks. meet the israeli reserveist who rushed into the attacks to save countless citizens. his new mission is to make sure the world knows what unspeakable things hamas did to the israeli people that day and it is a fox business exclusive and the "clayman countdown" is coming right back.

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taylor: some breaking news. the united nations holding an event this hour to mark the one year anniversary of the deadly hamas october 7 attacks on israel. it's called the coming together. the global challenges for a safe and secure future. our very own liz claman, she's emceeing that event. it features speeches by diplomats and honors the memory of israeli victims. liz: this gathering is not only

about remembrance but also, to reflect on and this word should be familiar to all israelis, resilience. we sill yens of the israeli people and the solidarity of the global community in standing against terrorism. taylor: israeli ambassador to the united nations just finished speaking. he will be here tomorrow to discuss today's ceremony, and israeli's defense against terror around the globe is tomorrow, right here, on the "clayman countdown." it's all happening at 3:00 p.m. eastern. meanwhile, despite today's commemorations, israel, gaza and lebanon still remain an active war zone. hours ago yemen said they fired two missiles at central israel. this is following a hamas attack on tel aviv this morning, only hours after the idf launched strikes in the gaza strip. the us has been steadfast in its support of israel shooting down ballistic missiles during the attack on tel aviv last week, but what more should or could america be doing to bring

peace to the middle east? joining me now in a fox business exclusive is former deputy assistant secretary for defense for the middle east, simone ledine. thank you for being here. talk to me about your thoughts one year later. should we be doing more at this point? >> yes, and thanks for the opportunity. we absolutely should be doing more. we have been withholding crucial vital armaments that have already been approved to go to israel. there's absolutely no reason why those should not be released and provided to israel which needs them for their own self-defense. i think, you know, that's number one. number two. i think we are talking out of both sides of our mouth so on the one hand, we are praising israel and stating over and over that it has a right to defend

itself, but on the other hand, we are enabling the iranian regime which funds all of these terror proxies to be able to continue to fight another day, and i would include vice president harris' announcement the other day that we, the us taxpayers are providing an additional huge amount to lebanon which anyone who knows anything about this conflict knows that money will go straight into the coffers of hezbollah and actually extend this conflict. so there's a lot more that we could and should be doing. taylor: has israel' response in this last year been measured inappropriate? >> i believe yes. i believe that israel's, you know, today we're flooded again with the images, the horrific images of death, destruction, you know, scenes from the middle east that in 20232024 we never

imagined we would see but here we are, and so i think in reflection on that, israel has not responded by doing those types of things to civilians. yes, unfortunately, the enemy that they face is an enemy that hides behind civilians so there have been unfortunately civilian casualties but if we compare the way israel has been executing itself in this war, by even how, you know, how we conducted ourselves let's say in mosul, in fallujah, they have been taking extraordinary precautions to avoid civilian casualties and unfortunately it's a war but yes i do think they are executing this in the best way they can. taylor: should israel be striking iran's oil facilities or nuclear facilities? >> yes, i think the best way to

end this is to end it decisively, and striking the iranian regime right where it hurts is what i believe needs to happen. i do think that with respect to the oil, oil fields, oil production, that's where they get a lot of their revenue aside from the money that we are allowing them to receive, so i think if we block that, they will be back on their heels and i think the attack against potential israeli against the iran nuclear program is vital. we do know that the other day, iran did try to attack the israeli nuclear facilities, so it be appropriate. taylor: on the global stage, a lot of leaders are criticizing israel and benjamin netanyahu. take a listen to what the french president macron had to say.

sorry. this is netanyahu's response to that. take a listen to what benjamin netanyahu had to say. >> countries are supposedly opposed to this called for an arms embargo on israel. what a disgrace. well let me tell you this. israel will win with or without their support, but their shame will continue long after the war is won. taylor: so i apologize that was after macron had called for an embargo on some of the arms, deliveries to israel. what do you make of the lack of global support? >> yes, i think that it's very sad to see some western democracies facing a deep, moral confusion. i think for me and many of us, we see that israel is fighting for all of us. they are the front, the main front on the war against western

civilization. we're seeing this play out in our streets as well, and france is seeing this , england, and there are some western democracies who understand the situation and then there are some like france, unfortunately, under m macron, o i believe are morally confused and in fact supporting the wrong side. this is a shame. it's really tragic to see , but to see a prime minister netanyahu's response, i think, is actually very motivating, and refreshing. taylor: well we really appreciate you joining us today. thank you. >> thank you. taylor: meanwhile, survivors of the hamas attack have recorded their testimony as part of a virtual reality experience, which allows viewers to witness the horrors of that day. the founder of the project is october 7 first responder and idf reservist and he joins us now. thank you for being here. can you just tell us your story, sort of where you were a year

ago? >> thank you, taylor. very quickly, on october 7, i was one of the first responders to get to the south. i actually had to defy my commander's order and i rushed south carrying only my pistol. i managed to stop along the way to leave a farewell goodbye video for my kids realizing i'm probably about to die with the barbaric attack that is happening, and from that moment, i rushed to save as many lives as i could and kill as many terrorists as i can on the way. the atrocities that i've seen, that day, will really stay with me for the rest of my life, and from the depth of this hell, we had the idea of create this amazing tool in order to better educate and to share personal stories of what happened on that day. taylor: are you finding interest in that, where people can really, like you said, understand what happened that day and relate and find a

community? >> for sure. i mean, we understand that in america's campuses there's lots of ignorance and hate being nurtured by someone, against israel, and we want to fight it in the best way that we found and israel is in this amazing project survived to tell is to combine technology and storytelling to take personal stories of kids from the party, that t their only crime was they just wanted to have fun and american youth can relate and by the way it's not just jews, it's christian, muslim, international people from all over the world and by connecting these stories together and bringing them to america campuses, it draws empathy and then we can dialogue and go back and forth by answers, and debating about stuff. taylor: we are looking at live protests, pro-palestinian marchs, all the way throughout new york. you mentioned some of the anti-semitism on college campuses. we're hearing anti-semitism is at near-record highs in the us

on college campuses. what do you make of that? >> listen, someone is behind it. i mean, it's pure anti-semitism and unfortunately, ignorance. i really trust that a lot of the kids that are participating in this kind of march don't really understand what hamas is. what hezbollah is. hamas took over the palestinians and presents the values truly against the values of america and israel and that's what we are fighting, and people needs to understand. it's noticer hamas. it's israel, western world civilization, it's values of dome, of human rights, against death and destruction. this is what's going on and these young people in america need to make decision and the right ones. taylor: quickly just a little time left. is there any hope of bringing all those hostages home? >> listen, we're praying for it everyday, and i'm optimistic. i really believe there is. i know that a lot of them are already dead but the ones who

are alive, we pray for it everyday and we're actively trying. taylor: well, nimrod palmach, we appreciate you, your verse a year ago and of course for with being us today to continue to share your story and the story of israel. thank you. >> thank you very much. taylor: meanwhile we want to pivot back to some breaking news. the crypto exchange fund founded by sam bankman-fried ftx, they have received court approval for their bankruptcy plan. charlie gasparino is here to break it all down, next on "clayman countdown." smartsheet helps propel mclaren formula 1 cars to the starting line. thousands of individual parts. moving from idea to reality. in every single race, we pursue our peak potential.

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had they kept the bitcoin, it would be worth a lot more than 118 cents on the dollar. i mean, i don't know what they want. i mean, listen, here's the bottom line. and i've covered so many of these things. madoff was one. and, you know, there have been many others when you get involved in one of these sort of robbing peter to pay paul situations sent me a ponzi scheme ish. you

have to come in and freeze all the assets. okay. you have to freeze everything because the guy on the other end that's doing this, whether it was carolyn ellison or sam bankman-fried, who's both of them are in jail, right now for fraud. you can't trust them. you know, they could take that money and, you know, move to whatever russia with it, you know, with, you know, a gazillion dollars worth of people's crypto. so you have to lock everything down and you have to sort of stop everythin. and that is a painful process because literally people's money are frozen. if it's in there, then you have to go through the sort of the process of retrieving funds. and one of the things they did was they sold out some of his side investments. remember, he had all these like dozens and dozens and dozens of side investments and who knows how they were being financed. they might have been financed with some of the, the money from the from the exchange from ftx. so they had to go out and sell that. so that whole process took two years. and you're getting i don't know what type

of return this is. 118 cents on the dollar is i bet you it's like a 2% return. yeah. okay. so you get a 2% return on an asset that probably appreciated 500%. yeah. and that's why am i making all those numbers up. and that's where that's where the anger is. but if you know anything about this process, like i said, this is my 15th ponzi scheme. they just come in, they shut everything down. it goes into bankruptcy. trustee. remember he was complaining. sam bankman-fried, that, you know, if he would just, you know, they just let him back in the office, he'd be able to trade his way out of it and find the money. but, you know, the guy, the guy, you can't trust him. he's a miscreant. he already screwed everybody. yeah. so again, not a not a good situation. you know, he deserves his eight years in jail. whatever he's doing. and she caroline ellison deserves her jail time as well. i think it's two years. and because, you know, when you cause people this much money, it's it does have an economic impact. it might not have an

economic impact on the scaramucci's of the world who were in that thing, or the kevin o'leary's, who are billionaires. but there's average people in there that got screwed and they lost a lot of money. well. well said. i guess they're making out better than the madoff bankruptcy courts. no, they got they got almost 100%. did they? i think so. i think it's like 80. i, i reviewed a book on madoff recently, so i'm going by memory. but again, the time value of money locked in there for, for three years, you know, the whole thing. well said. charlie, thanks for being here. anytime. we appreciate it. okay. meanwhile, closing bell. we are just five four minutes away. markets, as you can see a little bit lower. we were down near session lows when we started the show, but we're starting to come up off of those. the s&p at one point was off well more than 1%. we're now just less than 1%. meanwhile some breaking news. a u.s. judge has ordered alphabet's google to overhaul its mobile app business. this is to give android users more options to download apps and pay for transactions within

them. alphabet shares as you can see, they're down about 2.5%. meanwhile, our countdown closer says investors need to diversify when it comes to big tech stocks like google. joining me now with about $11 billion in assets under management is mattson money founder and ceo mark mattson. mark, thanks for being here. diversify where and how. i'm sorry i missed that. say it again. you say to diversify. where should i go? yeah, yeah. well, first of all, i want everybody to understand the mistake that most people make right now in this market. it's not unlike 1995 to 2000. large company stocks made 22% for five years in a row. tech stocks made 45%. so everybody's dumping all their money right now into large stocks and tech stocks. a big mistake. large stocks lost 55% after that. tech stocks lost 75%. you've got to diversify into small stocks and you have to diversify internationally. and

don't just bet all on large tech stocks in the united states. when you say international, we're talking about china pulling out the bazooka and all of their stimulus. does that look attractive to. yeah. when i'm talking about international diversification, i'm not talking about china. i'm talking about europe, emerging markets, asia, but not china. they're they're really a communist regime, not a true free market. well said. and we hear you loud and clear. i want to talk about some of your picks. abercrombie and fitch is one of those. i was astounded when charles payne was telling me, abercrombie and fitch is one of the best stocks that he has seen. this year. but the retailers today, under some pressure with sort of the risk off mode here that we're in. should i be in the retailers? well, that goes back to the diversification story. we have over 2000 small company stocks in our most people dramatically underestimate how much they need to be diversified and most feel like they have five or ten

stocks and that's diversification and that won't do it. abercrombie is one of the micro-cap small companies out there and they've done very well this year so far. historically only a 5% rate of return. but my cryptocurrencies and like price for crypto is based on full theory and no property and no company and it's for speculating and gambling and not for real investors and what do we do, stay from long bonds and interest rates continue to go up and get out of hand, already mortgages 7% for third year fixed. >> if i'm a safe haven investor,

i'm a bonds and gold. do i go to cash? >> no, but you want a short term high quality fixed income both government and corporate. i may be the exception to the rule on that one much mark, thanks so much. appreciate it. the dow is on its worst day since september 6. that's it for the claman countdown. liz is back tomorrow and before then, kudlow is next