tv The Claman Countdown FOX Business October 14, 2024 3:00pm-4:01pm EDT
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charles: what's the the next big move for this market? i thought we'd come back and test the former resistance of support, that didn't happen. so it's up, up and away. i know new highs beget new highs, do you see any more momentum here? >> well, the catalyst right now is, of course, earnings. and we've only had a couple of days of earnings, so it's hard to the say on that. the next big catalyst is the election. you're going to see lawyers with parachutes. we're not going to know who is president on election night, so you're going to see lawyers descend into every county, counting votes, and the market's not going to like that. they're going to be -- charles: yeah. i hope that's not the case. david, my man, thank you very much. liz claman, you remember that, greed is good? [laughter] liz. liz: lawyers with parachutes, he is so right, unfortunately. [laughter] great to see you, charles. thank you so much. breaking news on this columbus day, no holiday for invidded ya bulls. you just heard charles and his quest saying they are in and he
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still owns the stock. nvidia is on track for its highest close on record. the superis nova op of -- supernova of all tech stocks and all stocks is trading right now at $138.56. the record to beat? $135.58. that was the close back around june 18th after the a.i. chipmaker's 10 for 1 stock split. any gain for the dow or s&p marks a new all-time high, and both indices are well beyond that. dow very close to the session high of 247, s&p is climbing 46 points. that's good for about lee will have gaters -- three-quarters of a percent. nasdaq jumping 168 points and the russell is up 10 -- 111. tech and crypto have jumped out ahead of the pack and are really leading this rally. look at this gain, we've got that one moving higherly nearly
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7% and has now crossed the billion dollars in asset mark. while the invesco galaxy bitcoin etf is at 4.25%. and semissing they are looking very -- semis, they are looking very firm thanks to nvidia and arm. qualcomm jumping as a well, i believe it is at the top of the s&p 500. it was a, second ago. i'm going to check just to be sure. it's in the number two position, up more than 4%: so with tech continuing to muscle its way to the head of the pack, what's keep eking the tech fires burning with palantir glowing up as well? >> coming up, venture capitalist and palantir cofounder or joe lonsdale is here in a fox business exclusive on what could stoke or douse the the blazing hot run, and he is a full-blown trump support per. we're going to talk to him about that and where the rest of silicon valley is standing on not so firm grand underneath their feet. let's take it to the dow heat
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map a because we've got notable stocks making records. mcdonald's at 310 a share, up 11.6 president -- 1.6%, it is well above its current record close of $307. last thursday, kind of not great news, the ceo told a business group that the company faces another, quote, challenging year. let's pivot to ibm which is in the second row to the right, right ahead of goldman sachs. by the way, both ibm rain goldman sachs at records. big blue touching ab intraday high, goldman sachs as well, up just under 1%. apple's right up there with the winners with a decent gain of 1.6%. ever corp. pounding the table on apple. so what is not working today? caterpillar and boeing. go right to the bottom, and you can see they are at that bottom there. investors are selling caterpillar because morgan stanley basically told them to. the bears are tearing at the heavy machinery maker after
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morgan stanley downgraded the stocker analysts worried cat has reached peak earnings. and after a 3 33% runup, shares could be ready to take a breather. cat is down 22%. and the bad -- 2%. boeing is down $8.35 or more than 22 if after the embattled air are prospace giant said it's going to cut 17,000 jobs. that equals 10 percent of its work force, further delay the launch of the 777x, and they issued a profit warning as the machinist strike drags on. bond market's closed percent if holiday, but with stocks raring to go, so is the floor show and john corpina from the floor of the new york stock exchange and kenny polcari. john, normally this federal holiday would be a snoozer for the markets. volume might be thin, but the bulls are wide awake. what's got them running? >> hey, or liz. yeah, that's exactly it. we've got a quiet market with not a lot of participation, not a lot of volume. that's going to add to the a big
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influx in volatility in our markets. this could have gone either way today to. overall sentiment has been as we've seen, the market trending higher and higher, but this move is certainly magnified than a normal session. but backing up, sentiment is here in this market. we continue to trade higher. i think people, investors are feeling comfortable. not if fully putting more money into the market, but allowing their portfolios to to continue to grow and not being forced to do anything. you add in the fact that we're still in this uncertain area with the fed and what heir going to do next, uncertainty in u.s. presidential election, so pretty much if everything is on cruise control right now. you're kind of forced into doing nothing. but as we see these markets move higher and higher, i think we're going to get a little bit more volatility as we get towards this election, we get past that and towards the end of the year because there's a lot of unknown out there. and just add the geopolitical risks, the headlines over the weekend, china-taiwan, these things and will have an impact on our market.
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it's not resonating just yet. liz: kenny, doesn't that make the case for u.s. equities? you've got christopher waller, he is, of course, the vice chaie governor and a voting member. he's just making headlines right now saying the economy is on solid is footing at least here in the united states. , and all the drama that john just articulated globally are, expect gdp to grow faster in the second half of 2024. so do you just stay home with american stocks? >> listen, i think you stay home, right in there's always the case to the reach out, having some international exposure across europe, right, having some international exposure in the emerging markets. i wouldn't -- i keep it very small, you know, 2-3% of the total portfolio in emerging markets. but in europe, you know, there's always a reason to be there as long as you're sticking with the big names. but to to your point, there's nothing wrong here at home. the economy is going along fine. the labor market is not imploding. it's going to be the interesting
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though when bond yields hit 4.16 which is a long-term trend line resistance, what happens if we push up through there. today we don't know because the bond market's closed, but let's see what happens in the next couple of days. where's that level going to be that's going to to cause investors to just take a breather and say, okay, bond yields have moved up, let me get a little bit more cautious. liz: yeah. you know, the 10-year had closed at 4.096, so just to give people a sense of exactly what you're talking about. john, when we look at earnings, i mean, bank earnings on friday, they really lit the fuse. jpmorgan, wells fargo came out with banger numbers. i believe wells fargo is adding to the gains it saw on friday. we've got a lot more big financial names that are going on the reporting -- to be reporting starting tomorrow and the rest of this week. form bank of america, goldman sachs, citi, pnc. very crowded. schwab's in there. do you look at the financials
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whiched today aren't going gang buster, but do you like at -- look at hose and say, bio -- boy, the rest of them are going to to look pretty as well? >> yeah, i think they are a good indicator of what's going on out there in the financial sec to for in this new interest rate environment we're in. what i think we need to look forward to is m&a activity, which is a huge moneymaker for these investment banks,, has been very quiet. we go back two, three years about all these smaller incubus companies that are waiting to to come public and waiting for the right time. from a markets perspective, it's probably the right time the way the market has been performing. in an overall kind of global perspective, not the right time, right? we don't know what's going to to happen with the election, these other headwinds that's there. so i think in the beginning of 2025 the we're going to the start seeing m&a activity the pick up, and that's certainly going to help the financial sector. liz: okay. so we don't know on any given day what's going to the happen whether it's with the markets or
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our own lives but, kenny, what are you picking up right now? today is not the day to be buying because we are looking at all-time records. >> right. liz: what do you -- where are you really eager to dip in and scoop is up some hinges once they come down a -- some things once they come down a little bit? >> look at names in the sectors that have been underperforming. so consumer discretionary's only up 9%. it's well below where the market is. i'm certainly not chasing tech. i continue to like even though the utilities are up about a 25% in a year, i continue to like utilities because of the story. rates going down, utilities starts are always a good buy. but the command for electricity and energy is only -- demand -- is only going to skyrocket as a.i. takes more and more control. utilities a great place, i'd be looking at, like i said, i'd be looking at health care, basic materials, consumer discretionary. liz: not energy. i mean, again, we're looking at oil right now. i've to got to point this out, oil is down 2.25%.
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west texas intermediate. and, of course, opec is cutting the global oil demand forecast for the third consecutive month. guys, great to have you. so much action on this holiday here, but the stock market, as we mentioned, open. bond market closed. we have so much more ahead, particularly this: the world's largest set of chopsticks grabs quite a morsel. spacex's so-called chop stick arm successfully catch its starship booster gently. i mean, look at this -- [cheers and applause] gently hugging it right back down to the launch pad. ceo elon musk in doubt reveling in the success of this he is or thetic technical feat. but on the other hand, what about new reports that all was not maybe what it seemed when it comes to musk's optimus robots unveiled with great fanfare last week? we'll tell you about that. and we'll talk about the musk-founded america pact with palantir cofounder joe lonsdale. with 21 days until the election,
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lonsdale's here to make his case for republican candidate donald trump. it is a fox business exclusive. "the claman countdown "has so much more, coming right back. in the meantime, look at the dow. all-time record, up 2 3212 -- 2221 points. ♪ ♪ after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions
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with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >> we can see those chop -- [cheers and applause] liz: you just witnessed space ec plo ration -- exploration history. [laughter] wow. i love the second shut they have. yesterday spacex orchestrated an
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uncredibly -- incredibly stunning feat, catching the booster in midair. the booster flew back to the launch pad at the flight if director's command and then was caught by the launch tower's metal arms which are dubbed examinesticks. space -- chop sticks. elon musk saying, quote, big step toward making life multiplan if tear was made today. musk certainly has his own arms shoulder deep into many businesses. he turned heads last week at tesla's werobot event, unveiling an autonomous cyber cab, a to 20-person robo van, also autonomous. you can see that thing. no pedals, no sere thing wheel. and -- steer thing wheel. and the latest generation of his optimus humanoid robots which tesla claims are entirely a.i.-driven. while the robots put on an impressive show serving drinks, dancing around and mingling with
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the crowd, mayor can stanley -- hover morgan stanley analyst is saying the robots relied on human intervention versus just a.i. jonas says they were remote operated by humans, therefore, they still apparently have a ways to go until they are the fully autonomous buddies that elon musk said would come into your house and do whatever you need them to do. or shares of tesla have been in and out of positive territory, right now up about half a percent. but still down, let's see, some 9 percent since wednesday night's display on kiss appointment over the timeline -- disappointment over the timeline for the recently-unveiled prototypes. let's look at shares of sofi, summering 10.8% after announcing a $2 billion pact with fortress investment for sofi's loan platform business where the company refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties.
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the ceo calling a loan platform business an important part of its strategy and it's definitely been a huge revenue driver. telehealth provider hims and hers also gaining, up 6% after the food and drug administration said it's going to reconsider its decision to bar drug compounders from selling their own versions of popular weight loss drugs. this ruling specifically focuses on the active ingredient in eli lilly's mown jar row and zepbound. hims and hers does not specifically offer it, but the ruling could set an important precedent. hims and hers provided compound versions of semiglue tide, and they still do. big pop there for hims and hers. and music to nervous' ears -- investors' ears, shares of siriusxm up nearly 10% after warren you have buffett increased -- warren buffett's
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berkshire bought 3.6 million additional shares late last week, upping its stake to 108.7 million shares. berkshire now owns a 32% stake in sirius. florida business owners are just beginning ore cover from hurricane milton with locations smack dab on florida's gulf coast, bay star was sitting pretty with waterfront-themed restaurants unfortunately sitting in the crosshairs of hurricane milton. coming up, the restaurant group owner's here on how he's coping9 with the aftermath and whether the restaurant the business can keep bouncing back from mother nature's wrath. speaking of mother, stephen wang's mother was furious when the detroit teenager told her, mom, i'm dropping out of high school to run a business i started. then he later got into harvard. moms' happiness was dashed again because eight months into his freshman year, he dropped out again the start a whole new business. but mom has since changed her tune because steven ended up
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getting backing from all kinds of silicon valley heavyweights like the cofounder of robin robinhood and what did he build? a new app called dub. it lets you mimic the portfolios of some of the best investors, poll sticks -- politicians and celebrities including warren buffett, bill ackman, former speaker of the house nancy pelosi. how did he get the gumption to urn the his back on high school and harvard to follow his business dreams? he's this week's guest on my everyone talks to liz podcast. brand new episode just dropped. listen on apple, google, spotify, iheart radio, wherever you get your podcasts. we're coming right back. dow and the s&p are are at a record highs right now. ♪ we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow.
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liz: it has been such a brutal hurricane season. for the second time in two weeks, president biden headed to florida to meet with residents and businesses reeling from the one-two punch of hurricanes milton and helene. biden approved a disaster deck, la ration that will free up -- declaration including grants for temporary housing, home repairs and loans. accuweather or reports milton's total cost from property damage and economic loss could exceed $160 billion. that estimate takes into account the potential disruptions to businesses and industries as a
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whole. one of the if businesses greatly disrupted from the storm is baystar restaurant group. the parent if company of is 1 restaurants and it own fishing fleet all in pinellas county which juttes out into the gulf of mexico -- juttes out. joining me now is restaurant group owner frank chi vas. frank, you're in one of your restaurants. tell us which one. i'm assuming this one's open? >> yes, it is the end to. it opened yesterday at noon. okay in we're about 100 yards from the if gulf of mexico and luckily this restaurant is built up 10 feet. but underneath the restaurant is like a little city, so we had all kind of concern there's ice machines tumbled over, that's, you know, equipment at the salt cracker restaurant. that's salt cracker, again, the pictures you're looking at. that's actually the the so the
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cracker. that that's right on clearwater beach. but, you know, we had a lot of damage. no structural damage, but we had 4 feet of water in any restaurants that the weren't elevated. salt rock grill happens to be about 10 feet above sea level, so does the hideaway grill. so the three restaurants that got wipe with the out because of flood and my seafood company got wiped out because it's ground level, right on the water, direct seafoods. but salt cracker, cool cookie, which is a cookie and ice cream place, and then actually four restaurants got wiped out because of water, round about a pizza and -- [inaudible] so those four restaurants won't be open for a while. we actually turned one of them into a disaster relief place where we had soap, chemicals, wash machines, dryers to help the community. and, by the way, sorry, cracking
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up here a little wit -- liz: it's okay. >> let's talk about community. this community come together like no other. the city of clearwater, clearwater beach is, i mean, all the major hotels out there are open, ready for business as of 12 the noon today. it's incredible. they had 6 foot of sand on all clearwater beach, and they're back together. we're all coming together. it's amazing. thanks to the county, the state, the federal government and everybody, yeah, there's going to be a lot of people that are going to be struggling for a long time and, you know, i'll probably be one of 'em because we lost upwards to the $3.5 million in this -- liz: well, so -- >> the last 12 days or 14 days. go ahead.
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liz: so are you, have you, are you going to to apply for federal assistance? if president biden was in the region over the weekend, he has freed up some money here. tell me exactly what -- >> i'm going to definitely apply for federal assistance, whatever it takes. and, you know, we, you know, we're not going away, okay many but the sad thing is there's a lot of restauranteurs and small business owners that won't be able to recover from this, and it's very unfortunate. they're going to need all the help they can get. and, you know, like i'm on the board of clearwater marine aquarium and many other boards, and they had $2.5 million worth of damage. that was the home of winter, and they're struggling right now. there's a lot of people struggle, but this community is resilient. clearwater beach, it's amazing
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what they've already cone here and coming back -- done here and coming back. you could go there and vacation right now. the hotels, to pal sands, the -- to pal sands, the hyatt, i mean, all the major hotels are up and running. and the beach is beautiful. liz: good. frank -- >> today is a perfect day out. liz: i hope everybody hears that this and gets back there. frank, you've been in the business for 50 years. i want our viewers to know that you are the embodiment of the american cream. you were in a foster home. you started off in your teens as a dishwasher. you ended up opening up one restaurant, you're not going away. no way, for sure. have you ever seen this kind of damage in the whole time that you have been in business? >> never, never, never. excuse me for a second. liz: it's okay.
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>> no. i've been through a lot of hurricanes here and what not and not anything like this. not when you get 6 feet of water with the storm that was 110 miles offshore. it's incredible. and, you know, i think about, you know, other parts of this, the west coast of florida, sarasota, boca grand, fort myers or and all those places, they got a lot more damage than we got, and it's just, i mean, you know, we're all connected. and, you know, we're going to be struggling for a while. there's no doubt about it. we need all the support and prayers that we can get. liz: well, "the claman countdown" army is sending all of that your way. and if anybody's down in the region, go visit frank's restaurants that are, indeed, open. frank, just know this is, you know, days and days later we are here and we are following this, we're ott not going to forget --
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not going to forget about businesses like yours because it's not just the big hot, you know, hotel chains and big restaurant chains although guggenheim has put out a research note saying -- that's okay. i think they dropped the laptop the. >> we're good. we're good. liz: it's okay. i knew you would be. that's you, frank -- [laughter] you're that tough. but we're watching this very closely. can i just quickly ask about your business that you have with excursions? you also a had the fish processing business right there on the water and the excursions? can those come back? >> we're, you know, we're getting back. we're struggling back. i mean, there's no caught about it. we're get -- no doubt about it. we're getting it together. we have, you know, we manage about a 20 the boats for different people, stone crabs, our stone crab season just opened up, and i want to plug, we have a delivery service, mail order.
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we got, we got the grabs. and you can go online and order crabs from us. we put out 3,000 traps in the last two days -- liz: what's the web site? >> so we're doing whatever it takes to get back. liz: what's web site so people can order if they want to help you out? >> the web site is we got the crabs. [laughter] liz: we got -- >> we got the crabs.com, okay? [laughter] hey, we have the special sauce the get rid of, help get rid of the crab. [laughter] liz: okay, my dad was a urologist, so i'm allowed to get that joke. listen, it is great the see you, frank. hang in there. you elbowed body -- >> we will be hanging in. come to pinellas county and enjoy our beaches. they're back. liz: good to see you. frank chivas, baystar restaurant group. good luck to you. the u.s. embassy in beirut is calling on any americans who have not left yet the to depart
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now -- to depart now as the war between israel and hezbollah intensifies. can venture capitalists fix what global governments cannot? we is ask joe lonsdale if the smartest minds in finance and tech can bring about peace to the mideast. he's also the cofounder of palantir. it's a fox business exclusive. ♪ than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. growing your business is easy once you know the moves. with godaddy websites plus marketing, you can quickly create a website, and ai will customize it for you. get your business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy. hey, take a moment. do you know who we are?
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♪ ♪ liz: just21 days away from the november election and former president donald trump and vice president kamala harris are deadlocked in the latest national nbc news poll. both harris and trump stand at 48% with 4% undecided as big money names take side, bun -- one of the biggest in venture capital is moving his money from one side of the aisle to the other. just three months after ben horowitz and mark an degreesson
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kind of shocked silicon valley by endorsing and donating to former president donald trump, horowitz -- cofounder and general partner of -- and hour ritz, has announced he will make a significant doe donation to entities supporting the campaign of sitting vice president kamala harris. change of heart was revealed on x. he added that the firm itself has not endorsed harris officially, and he also reiterated in his memo to the firm9 about his switch his frustration with the, quote, exceptionally destructive tech policies of the biden administration. but as silicon valley leaders feel their way through the political aegean arena, joining me now is managing partner and palantir cofounder joe lonsdale who has endorsed donald trump. joe, welcome back. these silicon valley bros are a little fickle, aren't they? you're not thinking of jumping from trump, are you? >> of course not, liz. listen, trump has a lot of
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momentum in tech. you haven't seen a republican do this well in the tech world ever, since, you know, the original bubble started 30 years ago and all the internet wave. and there's a lot of good reasons why. people in the tech world have seen how they ruined san francisco, how they ruined california. they've seen how they're coming after all of our companies irrationally. you have one side represents merit and confidence, people we admire like j.d. vance, clearly a are bright, very competent person and the other side it's dei and harassment. so, listen, ben horowitz is a great guy. if you have a giant firm, or it's probably smart to have one guy on each side to mistake sure you have access, and i think his wife's a really cool person. she's noun kamala -- known kamala, i think it's smart to hedge their bets. but in terms of momentum behind trump in the tech cold -- world, it's amazing what you're seeing. we've never seen anything like this. liz: i think you're right. it could be just business, covering the bases. that would make sense.
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but coming out initially all for trump was an interesting point that i think a lot of people looked at and said, wow, things are changing in silicon valley. you talk about specifically how -- and so does ben horowitz, about how he has felt that the biden administration has been constructive to what he likes to call the little tech agenda which they're very focused on. that's very much their doctrine about anything that helps tech start-ups. not necessarily the big guys. how do you feel about the past four years and tech start-ups? if. >> i mean, listen, america in general is the best in the world at what we do in the start-up land. a lot of things are going really well. you've seen this administration interfere thing and slowing things down like crazy. i think the worst of it all is lina khan. i think people have watched her prevent small companies from being bought. totally insane. or you had, you know, someone close to me on the family side who one of their children had a
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genetic disease and there was a really promising company that was working to cure that disease and a big biotech the company wanted to buy it and study the it, and she blocked it because she thought they would have too much power in that spis, and ultimately that delayed it further. it's going to be really bad for hundreds of children. basically killed grail, effectively killed tens of thousands of people that didn't get cancer screenings. this is just totally insane. these people are anti-business,anti-innovation. you have elon on one side who's going to step in and help trump make this amazing, and you have the other side these people who are not connected to our world and, frankly, are against us. it's an easy choice. liz: you're the can cofounder of palantir, and we have watched this stock incredibly closely, and all we see over and over again in the past year is record high after record high. this is a company that does -- that the aggregates data for all kinds of businesses. it's really expanded. it has done a lot of work for the u.s. government.
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as it continues another so well -- it's no longer a start-up, it's been in business for several years -- it's a little curious hoe to say that the current administration has been very negative toward tech. you know, i think the current administration could do things to destroy companies, to harass a them, the stop them, and yet you could still have amazing companies performing really well and growing quickly. palantir worked really hard for a long time on helping organize information for companies, helping get in and build the infrastructure. and it turns out that the on col and the other technology -- makes enabling a.i. work really well. so i think the biggest source of growth the last four years is actually in the u.s. enabling fortune 2000 companies to deploy a.i. much better than anything else. that's been hugely powerful thing going on in the world right now, and palantir's still acing that. i think they're a.i., they're in defense, they're in the middle of the hot area. they're crushing it.
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liz: we opened with the nbc poll the deadlocked between kamala harris and donald trump. what is going to move the needle between now and election night in 221 days? >> you know -- 221 days. i think you see a lot of momentum right now for donald trump. i think kamala came out today, she plagiarized her book. j.d. vance was pretty funny, he actually wrote his. maybe you can't blame her, it was probably her ghost writer, she obviously doesn't know how to write a book. it's just embarrassing. it's just again and again things come out against her. all these corrupt ngo tos, we're seeing, i think today her desperate ploy, bribing blacks, if you start a business, you get free money. it's obviously illegal. we're seeing again and again she flew in millions of people illegally into swing states. it's just obviously corrupt and broken. i think she's flailing, and the more she speaks, the more people don't like her. i think trump's really, really
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doing well, and i think the more we have people like elon and some of my other friends whoever going to step the up and show the best builders in this country are going to make things work, it's an ease i choice for all of my friends. liz: it's not an easy choice for the country, ever since both conventions, it's been a dead heat. speak of broken, the middle east is broken. we have rockets flying from hezbollah in lebanon right now over to israel. i heard you talking in the commercial break to friends who are in bomb shelters right now in israel. it's a or horrific situation all around. if governments can't get a solution, let me ask you, joe, if you put a bunch of silicon valley and austin -- because that's where you are -- venture capitalists and super smart tech people in a room, what would solve this seemingly intransigent and intractable problem in the middle east between israel and, you know, what's going on?
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>> yeah, liz, you know, when we build these technologies and companies in defense and these areas, we partner with governments, obviously. we're not allowed to go over there and clean up business ourself. when israel went into lebanon, which had been protected supposedly by the u.n. since 2006, they found ammunition, jeeps, tanks all over, tunnels, all over, right on the border, right on all the a houses right next to the u.n. ready for a major invasion. and the only way we're going to solve this is say where'd this all come from? it came from iran. iran is supporting terror es in lebanon, in gaza, they're supporting houthis. you have to cut off the a head of the snake. we need supplies, defensive superior technology and enable israel to to go in, and the persian people are actually on our side. a lot of persian people love israel, love america. they're conquered by crazy dictators, and they've been under their control for over 40 years.
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it's a really clear answer, we've got to be bold and get rid of the bad guys who are funding the terrorists, and and we've got to support israel to do that. and i think it's a pretty easy thing to do with the right leadership, frankly. liz: joe lonsdale, thank you very much for coming on. great to have you. >> thank you. liz: this wednesday you do not want to miss a fox news exclusive on "special report" with brett bret baier. -- bret baier. he have been interviewing vice president kamala harris in pennsylvania at 6 p.m. eastern. bret's got it, don't miss it. retail crime may be one of the topics during that interview. you just heard joe talking about san francisco and all the crime there. just haas week a group of teens ransacked a 7/eleven store located on the hollywood walk of fame in los angeles. now californians are set to vote on a ballot measure that would are result many longer sentences for theft. we've got a live report on that next from california. don't move. ♪ ♪
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♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. lauren: liz: in california, crime is on the ballot. proposition 36 is a measure that would impose stricter penalties for retail theft. retail theft jumped 39% year over year in 2023 there.
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los angeles residents fed up with crime may also vote in a change, a big change in leadership next month. progressive la county district attorney george gascon is trailing former prosecutor nathan hockman by 30 points in the race for da. fox business' max gordon joining us live from a 7/eleven located at wilcox and hollywood boulevard that's been hit repeatedly by crime? >> yeah, absolutely. retail crime was plaguing california and 7/eleven hit multiple types by robbers and thieves and last week a group of eight people robbed the store and one of the smash and grab masked robberies and left a store employee injured. the first time a employee was injured at this store. laps said the suspect believed to be 16 and 20 years old and
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prop 36 attempting to crack down on drug crime withs those convicted of drug crimes being warned if their drugs they distribute kill anyone, they could be charged with murder. liz. liz: on the political land front and hawkin verse gascon. leaping out ahead in a very blue area, is it not? >> yeah, absolutely. i think people here in la are fed up with the crime and more. liz: closing bell 40 minutes away and dow and s&p on record and ibm, mcdonalds, goldman sachs also at all time record and speaking of which, fox business alert and goldman on
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deck to reveal the third quarter earnings before the opening bell tomorrow. ahead of this, the stock is upright now. our count down closer is banking on them to do well and ceo and cio gases scako. goldman, one minute solomon was embattled and doing incredibly well and a a real success story. >> liz, next year when we're looking at where the economy is going, we'll need more capital and goldman has access to get to the markets and be able to provide that capital and help for growth and in a pro growth
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economy. liz: if that's the case and economy is horrible right now, can't possibly see it like that. do you? they're telling you the republican is ahead and lina khan is out and more less regulatory focused area and joe lonsdale was talking about a little while ago. that will probably pull back and we don't look at that all the time and adding cost and incrementally slowing things down and more consolidation in industries and actually it'll improve productsivity moving forward. what will it do and not get crazy with valuations?
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>> looking back two weeks and the republicans take off in the betting markets and that's when the market starts to become more proa procyclical and we have more room to run on that. that's pointing to the fact that we think that you're going to get a change in the white house. we think the construction should do very well and there's a lot of money in the system and building out major things whether it's chip plants we're looking at in canada and lng fade pattern 'til seizure facilities in peru and copper mines and major players if you're looking for a large construction project. >> there's a new management team in for kit pillar and not -- caterpillar and not really covered but it's under the radar and large and kind of revamped
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the shop and they are seeing acceleration in terms of it. liz: it's all coming full circumstance and will we cue the glitter and glitter coming down on the markets and the dow is hitting 37th record of 2024. and the s&p getting its 46th record of the year and that's going to do it for us and we're going tomorrow and kudlow is next. larry: hello folks. welcome to kudlow. i'm larry kudlow. so are democrats losing the religious vote? catholics, other christians, jews, is mr. trump's plan really inflationary and know what, folks, art laffer should have won the noble prize an
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