liz: good afternoon everybody. stocks are circling just below the record highs notched yesterday in this hour, but what you're looking at is a

fractional retreat in the major averages kind of on a combo of hotter-than-expected inflation numbers and weekly jobless claims spiked due to hurricane helene. that leads market watchers to wonder what economic damage hurricane milton will leave behind and if the dome of tropicana field is any indication, the picture is shocking. it's on your screen right now. the world's largest cable-supported domed roof which was rated to sustain winds up to 115 miles per hour was no match for milton's powerful force. no one was injured there but as the state cleans up from yes, a deadly storm, we will get you a live report from central florida on the millions without power right now, and we will speak to the ceo of generator giant generac, who says the aging grid cannot holdup to the line of hurricanes that g get longer each season. any gain for the dow and

subpos&p500, the dow jones indus is down 152 points it's a choppy day of trade, after the early blow that stocks took after the latest inflation report. september cpi came in warmer than economists thought and the dow gapped down 197 points right now it's down 152. almost right after noon went positive. didn't quite get there. the s&p did. it did go south first after the opening bell, punched into the green shortly after 11 a.m. eastern, and is now back in the red by 19 points. the nasdaq actually beat the s&p to positive territory, just before 11 a.m. right now you can see that we've got the action at the moment down 34 points. it appears to be driven by investors digesting the september read on consumer inflation that came out before the bell. cpi rose at the slowest annual rate since february 2021, but

both month-over-month and year-over-year still came in a tenth higher-than-expected . tiny bit but still higher-than-expected and same for core cpi, which month-over-month increased three-tenths of a percent year-over-year, up 3.3%. what might hold more weight for investors though is what atlanta fed president raphael bostick told the "wall street journal" this afternoon it came out. a voting member, said he is open to skipping a rate cut at the november meeting if the data come in as he expects. let's get right to the floor show to parse what that means for stocks and bonds. joining me now regions chief investment officer alan mcknight and peter malook. alan, the at the last month's fed meeting he only penciled in one more 25 basis points cut for the rest of the year and then you see what the 10-year yield looked like and you see the intraday chart here. it immediately started to spike. its moderated just a bit but

still now at 4.099%. what is the message you are gleaning from this? >> the message we're getting is that the markets not really buying into a lot of what was couched after the last fed meeting which is we're going to continue on this path, and i think the bond market, if you will, are questioning that a little bit and i think that's what the we've seen with the backup in rates over the last couple of weeks is they are a little more circumstance um spent where yields are going forward. liz: now just a second ago, it touched 4.1. okay, so we're looking very closely right now at what's going on in the bond market but also, peter, the stock market. the stock market is banking on two more 25 basis point cuts. are they going to get it and how do you think the market is absorbing this bostick comment and let's be clear, he said, i am totally comfortable with

pausing at the november meeting. >> you know, interest rate cuts are harder to infer what it'll do to the market than i think most people think. initially, the markets going to react negatively as we're seeing now and it could react negatively just if we isolate this issue, expecting a lower cost for capital, the cost for businesses to borrow is lower, consumers will be lower, mortgages will be lower but the reality is we're looking at why they think about pausing is because they think the economy might be just a little bit hotter than they expected which in the long run is generally positive as well, so i think if you isolate it we'll see negativity but once the market absorbs this , i think that it's going to quickly price in, lesser rate cuts than were expected and we'll just move on. liz: and i guess what goes through the crucible and comes out is simply, alan, this economy is not so bad. it doesn't need as much stimulus and we could very

well see increased inflation, who knows. we don't want to see that rear its head again, right? >> you're spot-on. i think what we're seeing is the economy may be cooling but it not collapsing, so the underlying strength is still there and i think that's what the we're seeing via the bond market in terms of translation effect which is one of the economy is not coming off the rails and so maybe it's not going to be required to have quite as many cuts to peter's good point. maybe we can actually wait a little bit and as always, we're a little bit more hesitant to read too much into the most recent commentary, particularly coming out of a fed governor on exactly what that will mean, certainly in the short run but over the long run. liz: peter, wages are up. it's a guessing game as to whether they keep pace with what's going on in inflation but its certainly gotten a bit narrow. that's a good piece of news and what we've seen with retail sales the consumer holds up. where do you then triangulate that to oh, these stocks, these sectors will look good going

forward. >> you know, what's interesting about your first comment, liz, is i think we are really seeing emergence of two economies an the fed struggling with this. wages are up but they have not been the last five years able to keep pace with inflation. it's crushing the middle class and the working class. this really struggling to survive, but you see people with record number of people have their homes paid off. the record amount of wealth is controlled by people over age 55 because they had the assets that appreciated with inflation. i think the fed is really really struggling with this. how do they have a recovery for all and they have not succeeded so far and you see that and the working class middle class suffering to your direct point, everybody is indicating lower rates from the fed to all of us. the pace of it might be less but we still expect it, i think you see smaller companies who have a high cost of capital do better in environments like that, so i like to increase the exposure there. if you like to do that, or if you are allocated to that for the long run which is the approach i take we may have

better days ahead for that sector. liz: i'm looking and i know you look at it too and it is the etf that does have small cap value in it, correct? an av/uv. what are the kinds of names and look, it's down about half a percent at the moment but what are the kind of names in there? >> you're basically taking the russel 2000 tilting it towards companies more va value oriented and you wind up with a thousand companies across that sector so it's a market based approach but when you isolate those sectors over the long run that performs better than the traditional index. liz: alan, your favorite investment right now. >> i think our favorite investment is still large-cap high-quality in the united states because we think the underlying conditions in the us economy are very good. those companies can continue to generate above average free cash flow. they can generate higher earnings, and nothing we've heard thus far in the earlier earnings releases from the prior

quarter have told us otherwise, and so we're anticipating this coming earnings season to hear has anything changed? you make a great point as it relates to this bifurcation in the us consumer. the low end is really being penalized. those who are renters are being hurt versus those who are owners of assets are really benefiting from the lift and public market equities and house valuations, home valuations, so there is this bifurcation going on, but we still think the large-cap high-quality can do well. liz: so alan goes with the large-cap, peter goes with smaller cap. we like both sides and we like to hear this because each individual investor has a different time horizon and focus, so thanks to both of you. good to see you. the activist investor assembling an army to go after pfizer sees two see sergeants switch. jump to the other side. we'll tell you about the behind the scenes and where the situation and pfizer stock stand right now. that's straight ahead and a

as hurricane and helene knockout power, generac the stock is up over 15% over the past three-years and the ceo is here on powering the hurricane recovery and why the grid will only make future storms worse. the "clayman countdown" returns in a moment, including with ann walsh of guggenheim. meet the traveling trio. each helping to protect their money with chase.

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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. liz: fox business alert take a look at 10x-genomics. the stock is crashing to a record low. the life sciences tech firm announced preliminary third quarter revenue that missed street estimates by a mile. analysts wanted to see 162.2 million in sales.

the company only came up with 151.7 million. 10x blames the shortfall to modifications made to its commercial processes and organization but the stock is falling dramatically down about 24% right now. the fight between activist investor starboard value and pfizer taking a dramatic turn today. the hedge fund had convinced the drugmakers former chief financial officer and former ceo to join its campaign to push for as of yet unknown changes, but in a sudden turn of events, the two insiders flipped and now fully backed pfizer ceo. starboard now is calling on the drugmaker to investigate the change claiming the two were coerced into distancing themselves. pfizer is not commenting yet but the stock is in the red down about 2.7%. it is also down about 8% over the last 52 weeks. tesla promising another revolution. one it will unveil in primetime

tonight in los angeles. in less than seven hours the ev maker will rollout the prototype of its robotaxi, a self-driving vehicle used as part of a ride hailing network. the stock flat to slightly higher possibly because the vehicle has already been delayed once. shares though have been on a terror gaining 36% over the past six months but wall street is skeptical that the robotaxi service is likely to be available anytime soon and therefore, would put off any addition to the bottom line of the company. so, tonight's big night and we'll have the whole wrap-up tomorrow. former president donald trump talking taxes and tariffs at the detroit economic club in the last hour, with 25 days to go until the election day, we work-up a presidential portfolio with the cio of famed financial services firm guggenheim partners. ann walsh is here in a fox business ex clause ever. exclusive.we're coming right ba.

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>> so what i'm proposing very simply then is a 15% made in america corporate tax rate, cutting it from 21% all the way down to 15%, but only for those who make their product in the usa. it's very simple. the manufactures will also be rewarded with expanded research and development tax credits, very substantial, where they will be able to write-off 100%

of their cost of heavy machinery and other equipment necessary to build a plant. >> [applause] >> in the first year -- liz: former president donald trump just moments ago at the detroit economic club making many promises, among them what you just heard, to bring back a tax break. he actually had inherited from presidents going back to 1958 but had reversed as part of the gop's 2017 tax cuts and jobs act. trump is working to appeal, to michigan's massive automotive workforce by revealing a slew of tax policies including the 15% made in america, corporate tax rate, tax credits for heavy machinery and also a plan to make interest on car loans tax deductible. but no matter who gets to be president, whether it is trump or kamala harris, whoever gets to be in the white house again, how will the overall market and economy perform? joining us in a fox business ex includes ever guggenheim partners investment management cio ann walsh. guggenheim manages $320 billion

in assets. thank you for being here. >> thank you, liz. liz: well it's sort of the season where there are a lot of promises being made but let's tackle what donald trump just mentioned and he rolled out a bunch of different things and among them these tariffs, he said he would slap 100% tariffs on china if china were to buy one single barrel of oil from iran. i mean, you've got to tell me exactly where you think some of these things be even possible, and how they would help the economy. >> well, let's think about where we are in the economy right now and your prior guests were also speaking about something we have had as a theme for the last 18 months and that's the bifurcation in the economy. we've seen the bottom 50% of income earners really lag behind relative to the top 50% or the wealth class if you prefer, and i think that's part of president trump's thought processes is to try and create more targeted tax policies or programs. for example, like the interest

deduction for car loans, no taxes on social security, and the like, trying to maybe address some of this dislocation that's been going on in the economy in this bifurcation. the question is, you know, i think it needs congress to do it. as is mentioned the capital expense tax deduction we've just mentioned, that was not part of the 2017 tax program. i think whatever happens, 2025 is going to be one of the most significant potential tax repositioning years that we've ever seen. there is so many expiring tax programs and there could be assuming trump becomes president, there could be a whole new set of tax programs or incentives for america-first processes and policies that it's quite clear, he supports, and so we could see a huge dynamic. if harris wins, we could see a complete change in shift in tax policy in the other direction. liz: let's talk about corporate tax rates. donald trump had moved it from

the very-high 35, 38% in the united states. we saw a lot of companies leaving, because it was just so onerous for them to do business, and he brought it down to 25%. now he says 15%, but only for companies who make their products in america. i mean, there were a lot of fine-print pieces there, because maybe they are assembling it in america, but pieces of it came from asia. we don't know, but at what point does anyone, either candidate, tackle the deficit and the huge debt which in the end is really possibly the biggest problem for not just the lower middle class or the wealthy but everybody. >> right. well, if we take the deficit spending, which we've been deaf deficit spending, even if it's goes down it's not going to move the needle that much so i think that from a bond manager's perspective, we talked about the bond, they have been absent

during this process and that's likely to change as a result that interest costs have gone up so much from the us government. at this point in time we're looking at interest costs being about the same as the defense budget, and -- liz: that's crazy. >> that's extreme. liz: and everybody is talking about cutting, cutting, cutting taxes. where is the cutting spending? >> right and i think that that has to go hand in hand, otherwise what we're going to just see is explosive costs to the fiscal budget, and of course, the cost ultimately to the taxpayers. liz: you and i aren't running, okay? unfortunately, you're not running because something tells me you would have some things that would whip this problem into shape, but that said, you know how to invest through it and around it. where on the bond yield curve would you be investing, knowing that it may take a long time before we can tackle these issues? >> well and i think we are at a trajectory towards continued lower rates, and we are on a trajectory towards lower inflation. the fed has notwithstanding

fiscal spending, been actually able to engineer this slowing-down of the economy, to get rates down. what we're in a trading range though that's kind of a boring, you know, time in bond markets even though we're in a very volatile period of time. what we're doing is we're seeing a range between 3.5 to say 4.25 now on the 10-year, and so we're going to just oscillate in that space for quite sometime. liz: 10, 7, 5? >> yes, so mostly, you know, the 10-year in terms of where we would want to be on the curve, you know, in the belly of the curve. five, seven. liz: so not short-term? there is the 10-year, 4.092%. >> yeah, and we're at sort of the top of the trading range so we think the peak is probably 4.25 on the 10-year trading range we don't have a lot more to be over diabetes sold at oven time. on the shortened we have volatility with an election coming up in a very short window of time and investors feel pretty safe sitting at the

shortened in the short-term while we get past this volatility. liz: okay, now let's say we get past it. let's say for purposes right now, donald trump gets back in the white house. which equity sectors do you think would benefit the most? >> well, i think in this particular case, with costs going down, interest costs and so forth, that tends to benefit the more interest-sensitive parts of the economy, but at a slower rate. large-caps are still really good place to be and i think that that investors can feel pretty good about dividend clipping, and the benefits of being in large-cap stocks as well. liz: everybody thinks oh, energy would do well, but interestingly, fossil fuels energy did really well under biden. not so well under trump, and then just as oddly, green energy did better under donald trump than it did through biden, so if kamala harris were president, could you make a guess as to which sectors might benefit?

>> you know, that's really interesting. i think that if harris were president, those green spending programs will accelerate and i think those stocks should actually do pretty well. oddly enough notwithstanding the fact they did well in prior administrations. liz: we got today's cpi number out. slightly hotter-than-expected, which means that prices are still up but by the same token, we've also seen some strength in different metrics of the economy. how do you see the us economy right now, and ahead of this election, when we hear it's horrible, or it's amazing, the truth, i'm sure, would lie somewhere in between. >> well, i think again, we go back to the bifurcation. those companies that are issuing stocks in the stock market have access to capital. they are doing pretty well, and that's where we put our dollars for the most part, and the third of the economy that's interest

sensitive, small businesses, they're not really in the market. they aren't market issuers, and so as a result, they are the part that's struggling. for the rest, they have delevered coming into the cycle. their fundamentals are very strong. their interest costs are down and their leverage levels are down so we're looking at issuers that the have a great deal of fundamental quality behind them and as a result, investment grade corporate bonds, investment grade bonds even high-quality, high yield bonds are doing well. large-cap companies, those with access to capital and solid business models, margins have been high. this is a good story for fundamental corporate america. liz: so does corporate america need another tax cut when it comes to their rate? >> well, they won't turn it down, and -- liz: of course not. you're saying they survive just fine under 15%. >> yes.

absolutely will survive at where we are. the concern and concern for investors be if harris were to win, and capital gains tax rates go up, then we could see a very significant impact to the markets, as investors reposition and/or sell, take those capital gains while they have the chance. liz: she did say that's for people with $100 million or more, but we just don't know. that's the point. as we finish up, there are so many scare tactics on both sides of what will happen if this side gets in, that side gets in. what's your gut feeling, ann? >> well i think we have a bright future. i'm very much america supporter, a patriot and i believe that the future of america is always bright, and the opportunities always there to harness, you know, the american enthusiasm, so i think we're in a good place, still. liz: great to have you, thank you so much. >> thank you, liz. liz: ann walsh of guggenheim partners.

it's the day after the monster storm milton which slammed into florida leaving behind a trail of, yes, deadly destruction and as you can see , live look at tampa, florida. it is still grey and slightly windy here. chop on the ocean, we have a live report on the rescue and recovery efforts currently underway, and generac ceo aaron jagdfeld talks about how generator sales have gone through the roof and a grid that is just at the breaking point. stick around for more on the "clayman countdown." dow jones industrials down 138 points. in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you.

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liz: breaking news, tampa international airport officials just announcing in the last hour the airport will reopen to the public tomorrow after having been closed during hurricane milton. the airport is set to resume commercial and cargo operations after getting slammed by heavy rain and wind overnight.

the storm is now out at sea, leaving behind a path of death and destruction across the state of florida. at least 12 people are now confirmed dead in the aftermath. those surviving are left to pick-up the pieces. >> it's a lot of wind, and debris everywhere. i mean, cars, vehicles, dump trailers, dumpsters, just embedded into people's roofs. trees down. >> yes. >> 50, at least. >> i looked out sued the window side the windowand everything ir fight, amc was obliterated. >> milton drowned the state dropping more than 18 inches of rain in some areas. we are joined i in bradenton beach, florida. surveying the damage what shakes you the most here? >> well, it's interesting, liz. you know, to go through

this before the storm and then during the storm and then now today, and you know, we walk here on bradenton beach, this is all fresh sand brought in by the surg yesterday from milton. about four feet of surg. e. they never got that 10-15 thankfully and that's the way it came into land but what strikes me the most is just the swath of the intensity, and the damage. i mean, you're talking about a coastline, all the way from naples up into the tampa area and even north and then the interior of florida, orlando and then the other side, the atlantic from jacksonville to daytona beach, to "coco" beach. all these areas having some sort of impacts and deterioration from milton. it's just remarkable, and then the death count continues to rise unfortunately and i want to show you something. look at these piles of debris. again, i can't understate this. you know, this all is from

helene two weeks ago, okay? another storm surge and another hurricane that came in, but when you have to understand about this is when the surge came in from milton last night, three-to-four feet it pushed brand new sand in and it lifted some of people's belongings and dropped them in places they shouldn't be, liz, and you know, this crew, we went through well-over 100-mile an hour winds yesterday. not too far from here in bradenton while we were experiencing the wrath of the storm, and taking it on the chin and trying to show the impacts as it came in, and then we made our way to tampa last night to see that and what was amazing is when we were driving on i-75 normally during these hurricanes you don't see an interstate sort of torn apart with debris but that's what we saw. we saw structures lying on the interstate. power poles down, vegitation, trees, zig zagging through and then we got to tampa, we saw

structures that had partially collapsed. we tried to make it to st. pete in the middle of the night to show tropicana field where the roof got blown off. we couldn't because of flash flooding. we were about two feet into the water and yet, you know, here we are on sunny skies the day after and the fatalities continue to mount, the cost is unbelievable and this is nowhere near a recovery at this point. it's still active as many people are reeling and look at this home behind me. this home will have to be just taken down. it has got standing water and the sand here, right now. let's hope this is the end of hurricane season, certainly for florida. they can't take much more, liz. liz: no, no, they absolutely cannot. robert, thank you very much. glad you and the crew made it out okay. hope the cars okay. i know that your car got smashed by a tree. everything okay? >> it's a great question. it did. matter of fact the white vehicle over here, we had a huge pine tree come down and part of it went into the back of it and

we're good, thankfully. i'm good that i had walked off and it didn't fall on me. otherwise, might be in a problem. liz: very very serious storm. thank you so much. well, florida will feel the impact of hurricane milton for a long time, but in the immediate moments here the storm has left more than 3 million residents in the state without power. florida officials say milton's 120-mile per hour winds knocked down power lines and spread debris making it very difficult for utilities to come and restore electricity. in the meantime, many residents are relying on generators if they have them. backup generator manufacturer generac said all of its portable products were sold out, in the southeast region, after the hurricane, well, helene just after helene in preparation for milton's arrival. generac said the us has seen 1.2 billion hours of power outages in just the first nine months of this year. it's the highest level recorded

since the company began tracking outages in 2020. sorry, 2010. let's get to generac ceo aaron jagdfeld. aaron? battling two hurricanes in the span of what, three weeks? this is insane. tell me about your inventory situation right now. >> yeah, thanks, liz. thanks for having me on and obviously, our hearts go out to the people who are going through just incredible devastation. not only from helene but also milton now. you know, for us, we've been actually busy since beryl hit the houston area in early july so it kicked off the season earlier than normal. we've positioned a lot of product down in those markets in the southeastern part of the us ahead of the heart of the season here, and it didn't look like it was going to play out. august was very quiet and then september also was quiet, but then we've got helene that hit and now milton, so we're in

the middle of re-supplying and trying to get more product down, ramping up our factories. inventory levels for portable products are very low so you can find at retailers is about it. we're trying to get more into the retail markets here as over the next several days, but now we're switching gears, really more towards the permanent stand by units for the homes, generators as well as our cn i'm again ate or s for businesses. liz: you might not be able to see this right now but our fox flight team, our drone team, is right now showing a live picture of a street and we can see these individual homes have just been hammered and i know that there is this possibility where many of these people think well, i have such a small home. maybe it's under a thousand square feet, something like that. what's the point in having a generator. where does the grid play into this , because it is not reliable these days. it certainly appears like it's aging. where do you look at the grid and say here is what we could do. here is what we should do.

>> yeah, no, i mean, look. power reliability, power quality as we measure over the last two or three decades has been a problem, and it continues to be a problem. as i mentioned and you mentioned at the top of the story here. 1.2 billion hours lost to outages through the first nine months of this year. the most that we've ever seen since we've been tracking at almost 15 years, and these are stats, these are not just generac stats, federal government stats but the grid is under a lot of pressure and you've got the extremities of mother nature, you've got obviously, just the devastation caused by hurricanes but it's also the everyday storms coming through. the grid is mostly above ground and it's exposed and as you mentioned, it's aging. the average age of grid components is about 50 years old so the poles, lines, transformers, so this is stuff that it needs to be upgraded. it needs to be invested in, but that's the challenge, and the challenge of course is causing more outages, and now, you add to that the dynamic here of the supply and demand

imbalances we're seeing. we're racing to decarbonize our sources, retiring coal plants and retiring gas plants in favor of solar and wind, which is great, but those are intermittent sources, so they can't run 24/7 like you can with a gas plant and then on the demand side we're electrifying very quickly, everything in our home, even just in the early innings of transportation with ev adoption but now you put artificial intelligence on top of that and the data center build-out and the pressure that that's going to put on the grid, so it's not a great setup when you start thinking about reliability going forward. we just continue to preach the message that homeowners and business owners have got to be thinking about a backup plan. liz: oh, absolutely and the nation has to start thinking about a backup plan. monday, your stock hit a 52-week high. i followed you for so long, and ahead of storms we tend to see that, but then the question after is how do you get product back on the shelves at the home depot of the world or at your

distributors all across the nation? how quickly can you bring that inventory back up to speed? >> well this is our business. you know, we're used to having to react to exoginous events and things that create demand surges for our company. we've been doing it for 65 years so we kind of get in that mode and we understand it. we know what it takes and there's a sense of urgency around resupply and we've got to get more product in the hands of our channel partners, our customers who are going to, you know, be looking at this product and thinking about those backup plans we just talked about going forward here. we would anticipate, you know, things are going to get busy. we've already hired 400 people. that was starting after hurricane beryl in july and after helene as well we started adding more people into our factories in the us. we've got factories in wisconsin, down in south carolina, and we'll probably be adding more improvement as we go forward. that's how we ramp up and get those productings back on the shelves. liz: made in america so they have less area to travel.

hopefully. aaron good luck to you thank you very much. >> thank you, liz. liz: aaron jagdfeld of generac. bank of america ceo is also the chancellor of brown university's endowment arm and was part of a decision on whether the school should divest from doing any business with israel. what did the corporation of the ivy league school decide? charlie will tell you next on the "clayman countdown." stay tuned. so, what are you thinking?

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>> the people cut a deal. ge. what's an american company and cut a deal with the campus protesters that say if you take a -- stop chanting and disrupting kind of a keel with the devil and this came down as the chairman of the body and

could have as chairman of the board or chancellor, however you want to put it. what happened after the seventh and after meaning the israeli response to it. this is a messy place, bank of america made even more messy as part of the vote and optics standpoint and last night this thing broke.

i was sitting home and the brown board rejected and most thought it was going to be rejected anyway and saying i'm glad they put it up and appeasement to the left on campus. why did it happen last night. it was supposed to happen next week. the dates are 17th and 18th when they're officially supposed to vote and they voted on it last night. people on bank of america and they're rational and prominent men members and giving money to antidefamation league and know what's going on in the background here. they said that moynihan essentially sped up the vote to get it out of the way because the optics was so bad for him at this point. now, i did ask bank of america for a comment on that. they have not gotten back to me. but liz.

he said if the corporation divests and their approved points of view to which members of the community are expected to perform and that would be wholly and consist. >> this is the dumbest thing to put to a vote. let's divest, our ally, divest from the brown endowment fund and leftists on campus are saying we, you know, we're running around and praising hamas. liz: well ibm had this vote also. >> when? liz: several years ago. >> all of them. if you're the bank, if you're the ceo bank of america, the word american is in that name. you run the second largest

institution bank in america. that's really, really bizarre. liz: charlie, let me say you began by saying that his heavyweights taken a hit and our stock is up 30% over the past year. >> it's done better. liz: heads of the board of war ton or whenever they went. it's not a side hustle. >> well, whatever they're doing, i'd like to mo whoever they are and who is approving anti-israel

stuff like this and we should write about it. it's really bad, liz. why was it voted on? liz: that's another question. >> it's the dumbest in the world. liz: big bank finance tomorrow and jp morgan and wells fargo up to report earnings premarket and analyst jp morgan reporting earnings of $4.01 and down from 10.9% same quarter last year and wall street expects wells fargo from 1.28 and 7% drop from the year prior and count down closer anticipating solid miles per hours from tomorrow and he's above the show host bubba horowitz. >> i have a position in the banks tomorrow and a position that's both ways and i'll benefit if there's a big meaux and especially for the federal

reserve has cone, cutting rates isn't the cut for public and it's a federal reserve for borrowing for the banks and they're basically getting a raise for last three weeks of the quarter and i think the banks are going to perform very well and gol goldman sachs lastk and they never miss. liz: yeah, goldman city and bank of america are going to report and todd, it's great to see you. thank you very much. todd, bubba, horowitz. here is the closing bell and we have paired most of the losses on the dow jones industrials and the dow was down 203 points and mow down 51 points. still no record for either the dow or the s&p. we're seeing red on the screen for the nasdaq and thank you for tuning in always. larry: i'm larry kudlow and hurricane mi