about stopping out and and two weeks later it's backing up -- back up again? >> i think given the stability we've seen more recently, i'd make it a bigger, not 5 president -- charles: i gotcha. >> but it is a commodity-based type of trade, so you want to be careful -- charles: so 20 the seconds to go, what's your greatest concern right now? >> just getting through the next two weeks. [laughter] honestly. yeah, i think we're, i think we're going to see a lot of volatility over the next two weeks between earnings season and the election. i guess -- charles: all right. hopefully we'll know in a couple weeks. erin, thank you so much. we'll know about the next hour because liz claman's going to walking -- walk us through it. liz: we sure are. this has been a fascinating session, charles. we've got a market turn around for the moment and a huge show coming up with the see wrotes of two companies that are really bellwethers of their industries. verizon reported a beat on third quarter earning per share and a

stunning projection about fixed wireless subscriber numbers. chairman and ceo hans stress berg is here in a fox business exclusive and, of course, we'll ask about iphone 16 sales. plus, breaking news this afternoon, guess who's a teaming up with google to supercharge your car's a.i.-driven digital cockpit? in his first interview since the google deal was just announced, qualcomm ceo christian know amonois here. in the meantime, bulls are kind of putting up a fight, but it's touch and go as we kick off the final hour of trade. after languishing in the red for much of the session, about an hour and a half ago a stocks began to uncover. all the majors were in green, and right now it's back to being a mixed picture. dow up 3 points right now, but let's just give you some clarification. the dow has wiped out a 200-point loss. s&p has alternated between gains and losses for seven sessions,

and for this session it's down 6 points but has been higher by -- let me just see, because -- up 9. it's had a bit of a swing here. right now we've got the broader index at 5,847. the nasdaq is up 16 is points, and the russell 2000 down 7 points. the two magnificent seven names that streaked to fresh records yesterday can't really lift a pinger to -- finger to help the bulls at this hour. nvidia is pulling back by just a quarter of a percent while apple is down half a percent. you've got a lot of people on wall street hating the mag 7 names these days. so much so that defiance etfs launched the anti-mag 7etf today to. [laughter] xmac is the ticker. nicely done. all right. but right now it has just popped up into positive territory. it's got every s&p stock anytime except the mag 7. so no meta, microsoft, apple, nvidia, tesla, amazon or

alphabet. you could use it as a hedge if these names get overheated, but considering apple, nvidia, microsoft, amazon and meta are the most heavily weighted stocks in the s&p, if they end up having a good day like microsoft is having right now, mine, microsoft is gaining 2.5% at the moment, xmac investors could see some losses. -- xmag. but you know who's having a great day? general motors, skyrocketing to a 2-year high after they they crushed quarterly earnings. profits sailed over expectations by 20%, revenues by 8%. analysts say the key was that gm threaded the needle by keeping vehicle prices up but discounts down. great adjusted free cash flow of $5.7 billion, double the expectations. look at that. you can pay your union autoworkers a nice wage and still do really a well. that's proof, right? what you should notice here with the broader market is that large cap stocks continue to attract

investors' money love, but does that leave investors way too vulnerable to black swans or market shocks? let's talk about how grow both own large caps -- you both own large caps but add some protection. joining me now, citi head of u.s. equity trading strategy stuart kaiser and spank baa of america's head of -- bank of america's head of income strategy the, matthew -- stuart, we're looking at a very interesting moment. this is a tough market to keep down, and it's really the large cap names that people can't help but gravitate toward. so do you just go all in, or is there a way to sort of broaden out? >> i mean, it's a great question. markets are sort of struggling a little bit here in the sense that the economic data looks good, the underlying from the -- fundamentals look strong. in terms of the large cap trade, in a higher for longer environment which it feels like the market's settling back into, we would expect large cap and growth do pretty well.

we kind of adjust around the edges. liz: yeah. you know, it's that large cap mag any metism. i think people feel comfortable u economy, matt, so they say why not just go what's been working. is that smart? >> i think it's obvious, it makes sense. they are earning a lot of money, but over longer periods of time, you're going to want to diversify. if you think about it, a lot of people have been worried about the mag 7. you see a lot of concentration in equity market performance. that's a worrying indicator. honestly, a lot of times that's an early stage where it starts with some of the highly concentrated companies and then it broadens out. that's what we're expecting. so we do want the make sure investors are not chasing that large cap performance. we want to see investors diversify away from that, mag are not going to outperform forever at some point the broader markets in the u.s. are going, to do better. charles: you do -- liz: you do stocks, you do fixed

income, but you can talk about the mix here. to to that end, when you hear from clients who say what am i supposed to do, i love these names but in my heart of hearts i know i might have too much exposure to the large cap namesesome. >> look, it's a great question. i think what you saw last quarter is finally the 493 generating some earnings growth. is maybe this is the time to diversify. i think the last time was on, the challenge is the economy close to an inflection point. so i think people are struggling with those two things. what we're seeing from our investors is some hedging in those large cap tech leaders particularly ahead of earnings season and ahead of the election and because rates have moved up so much. i think that's given a challenge there. so i think what we're seeing is some diversification outside the mag 7 but not all the way down into small caps. we're seeing people kind of settle in the middle, so xmag is what people are looking at right now. charles: liz sure. stocks turn south for all kinds

of reasons. shocks, headlines, one stock name doesn't do so well, it drags down the sector. but one of the biggest reasons we see equities fall dramatically is when treasury yields start spiking. look at the 10-year yield. you've got to explain what's going on here because we have the 10-year yield that is now above 4.2% for the first time in a couple of months. and it's just continuing the rise and rise and rise. we're at 4.207% at the moment. so what does that tell you about a equities if they're still kind of trying the make a run for the border here and get back into the green in. >> we're not too worried about i. we do think got things overextended. at one point the market saying that fed funds a rate was going to be 2.5 by 2026. we actually moved from our overweight duration position to neutral about four weeks ago. we're already back the a more normalized level.

that makes a lot of sense. we don't view this as an overall concern long material for equity markets. we've seen six weeks in a row of s&p-positive performance. back to december of about 2023, that's one of the largest streaks we've seen. more normalization in the interest rate environment is not a concern because the reason is we don't see a recession. that's going to be good for equities longer term. liz: well, then what is the question if people are asking how do i shift my ec or to have composition -- sector composition, stuart? what is your answer right off the bat? >> right off the bat, honestly, we still like being in that tech space, to be completely honest with you. i think a lot of it is going to have to do with what happens with the election and interest rates. we see interest in utilities and the more the defensive parts of the market that benefit from lower yields and also hedge a little bit of that recession risk that's out there. to your point, you know, markets have digested being higher in yields because it's come from a good place. i think you can be careful, but

you still want to be invested in equities okay. cautiously optimistics is that what we're back to? are either of you guys really worried about anything? >> we're not overly concerned. again, if we look at at a set prices, what's the usual cause of a downdraft in asset price? it's usual he recession. the last 20 years you saw the global financial crisis, covid, the tech wreck of 2001. very weird recessions, right? [laughter] liz: yeah. >> it's usually a pole choice, that recession. -- policy choice. it's usually the fed tightening rates to keep inflation down. the u.s. and china are not looking for if recession, and if you have the two large economies not looking for veg, it's hard not to be positive. liz: dow's up 24 points while you gentlemen were speaking. stuart, matt, thank you very much for joining us. all right, the global economy causing a breakdown though for one american auto parts name. we're going to tell you why genuine parts stock is stalling

out and sinking to the bottom of the s&p 500. and coming up, a fox business exclusive. verizon ceo hans vestberg joins us in studio to talk earnings, how they pulled off a 16 jump in broadband connectses -- 16 percent -- and if he's seen the great upgrade cycle iphone 16 that apple and apple investors were hoping for. it's a fox business exclusive. you've got to stick around for it. "the claman countdown" coming right back. ♪ ♪ each helping to protect their money with chase. wooo! tools that help protect. alerts that help check. one bank that puts you in control. chase. make more of what's yours.

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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, we've got to show you some record moves both good and bad. genuine parts' stock is falling apart, shares down right now about 19.5%. on track for a record percent

decrease. the auto and industrial spare parts distributer missed on third quarter profit and cut its full-year earnings outlook. the company's ceo blamed continued weakness in europe as well as in its industrial business. phillip philip morris, on the other hand, is hitting a record high. the maker of marl borrow cigarettes reported a beat driven in large part by its zyn pouches. anybody use that? sorry. sorry. i don't do that. anyway, good for them. philip morris up 99.8 percent if at the moment. oral product shipments rose 32.3% in the third quarter. steel maker new core getting smelted at this hour. shares dropping by 5.5 percent if after the company's third quarter profit dropped by nearly8%. citing impairment charges related to its steel products and raw materials business, revenue also fell more than 15%

amid weak prices and demand. not a good combo. and quest diagnostics, those shares rocketing higher by 8% and on pace for their largest percent increase in two years after the lab operator reported a top and bottom line beat seeing strong demand for dying knost ecs tests and expects the strength the continue on the back of increased discretionary if health care activity in the u.s. as a result, quest dying knost ebbs raiseed -- diagnostics raised its full-year forecast, so it is popping by $11.58. can you hear me now? verizon is dialing up quarterly earnings. ceo hans vestberg joins us in studio next to tell us how spending on acquisitions, believes, will keeping the calls connected in the quarters to come. and, yes, we will ask him about iphone 16 sales. and speaking of phones, the telephone became a magic wand that would change the life of a

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liz: verizon kicking off a earnings for the telecom sector, reporting a profit beat and look at the can customer additions during the quarter. verizon saw 239,000 customers come onboard, outpacing the 21211,000 concern 22321,000 expected. and broadband connects had a year-over-year jump of nearly 16%. right after the opening bell you can see9 that the stock dropped

the a suggest low of $40.75 partially due to the company's slight miss on revenue. right now the stock, while still down, is off the lows of the session to $41.63. joining us now in a fox business exclusive to dissect the earnings and tell us what he sees ahead is chairman can and ceo hans vestberg x. you call this a pivotal quarter here. >> yeah. liz: you walked onto the set, you were, like, floating. [laughter] define pivotal. because for some reason, investors don't see that. >> went you look at daily trading, of course, but if i look at my financials in this quarter, e grew 2.7% in my wider service revenue, $112. 5 billion in -- 12.5 billion in -- liz: okay, stop there. explain to the viewers exactly what that means because when you have record ebitda, that is pretty significant. >> it's significant in historic company that is 23, 24 years old.

and this is the biggest profit we've made in a quarter ever. so, of course, we have been for six quarter being better year-over-year and sequentially in all six quarters financially. so very good and solid cash flow, $6 billion in free cash flow. so good there but not only that, the metrics looks good as well. 239,000 net additions and then way over a 350,000 new broadband customers. so all the metrics are going in the right way. and then we, of course, talked about a brand update. we have now hit more than 4.2 million fixed wire access -- we do 5g on broadband x. now we're upping the target to doubling that to 8-9 billion customer fixed line access 20228. -- 2028. liz: tell investors why they should not worry about the drop in wireless equipment k and that includes phone upgrades.

>> usually we have no major margin on hardware, is we didn't measure that. my metrics are on service and revenue because that's the profit. the hardware is usually a flow-through, and what we see right now that is coming down because my consumers, for example, they keep their phones on more than 40 months. remember, 5, 10 years ago you changed your phone every year. nowadays you do it every -- liz: 40 months is actually short for me. [laughter] mine going on -- >> okay. you might be an outlier. i change every year, so the average between us is probably good. but that is what's happening. so that's nothing to worry about, the overall top-line for verizon. what you're looking for is the service revenue. that is really what is driving recurring revenue. liz: okay. i will get to that, but i can't leave hardware without canning about the iphone 16 upgrade -- asking you about the iphone 16 upgrade cycle. that's not exactly, yeah!

>> i think what we're seeing so far on iphone 16, it's lower than last year. we, customers are going in slowly. but also apple has done a difference here. they are releasing a software and hardware in different trim -- time zones meaning different month, is we're going to see if that's different. historically, the times where we've seen real summer on handset sales is when we have a change from 4g to 5g or i would say a hardware redesign, so it's a new type of design. this time the we have neither -- liz: are they coming in and saying i need this iphone 16? >> of course there are apple lovers that are doing it -- liz: but not in the same numbers. >> no. we are down 10% on upgrades this quarter with. liz: down 10% on upgrades. john steng stankey of at&t was here just a week or two after the iphone had a launched. maybe it was three weeks. he said, well, it's tracking pretty much like the last time, like iphone 15.

but now given some time, it's a little bit lower. >> it's a little bit lower actually. liz: a little bit lower. okay. what would you say the tim cook about the reason for that? [laughter] >> first of all, we have a long relationship with apple. as all companies, you know, you come with different type of releases x i think we have a good working relationship with them to push their products through. we're going bait and see what the software will -- wait and see what the software will do, if that has a major impact. and that's why customers has been waiting a little bit to see how is the software going to come out. i think those releases are coming pretty soon, so we're going to see. liz: you guys have spent a lot, $20 billion deal for frontier and u.s. cell you lahr spectrum, about a -- cellular spectrum, about a billion for that. frontier deal is not done just yet. when do you expect it to close? >> it's about november for shareholders of frontier. it was a very competitive process. you can read the proxy. we made our best and final, can we have a signed agreement with

the board and with the company, and now they need to take it to their shareholder meeting. liz: what does it bring you? because it's more regional, and you're going for for national convergence here. >> so it brings me more fiber pathways because i have my fios fat print which is extraordinarily well -- footprint which is extraordinarily well in the east of the country. we are not adding frontier's footprint, so in total we're going to be in 31 states, we're going to have as this closes in the middle of '26 the more than 30 million fiber passings. and over time with our plans we have with right now, we can reach to 35, 40 million fiber homes passed which is a large part of the united states. and then we add my fixed -- access, my broadband 5g for home and then i'm going to coffer over time more than 100 million of the households and business in the united states. so we're winning to have a really massive broadband and on

temperature top of that we'll have the best -- top of that, we have the best mobile network in the country. we're building on mobile and broadband with network. liz: i'm sure t-mobile would argue with you on that, but you guys can battle it out. the my plan, the flexibility, and this goes back to this word convergence which is so hot at the moment, but the flexibility option where with people can customize what they want involve bundles. >> yeah. liz: what kind of, i guess, revenue does that wring in? because traditionally by definition bundled come in at discountses. >> yeah. but we don't believe in that. so what we are doing, so we review my plan which is designed the give flexibility for a customer and value. you pick whatever wire eless plan you want, then you pick perks. it's not an encollusion. perks is max, apple one or disney+, you pick them for $10. they're called perks. liz: which ones are most popular? >> it depends on the season, but right now lately it's, of

course, the combination between netflix and max -- liz: i was going to say it's got to be netflix. >> very few, we are the only ones that combine them and put them in front of our customers, and our customers are saving money on all of those. usually social security $10 per perk, and if you bought the netflix, you pay more. we have a wholesale agreement with them so we make money, our customers make value, our retail partners, streaming partners, they don't have the cost of acquisition. is it's a win-win for all and that's how we build on my plan with flexibility. instead of inclusions, you can do -- pick what you want. half said i got something for free that i really don't want historically. is that's why we have the perks system which is working extreme, we have adjacent service, etc. , and that's how we build my plan. liz: cable? >> cable is an under product. [laughter] liz: that is not a big endorsement. i have to say, i wished to

youtube tv -- >> yeah. liz: i kept my fios fire, my broadband, but i don't use it anymore. >> no -- liz: so what are you seeing? >> i see quick change from our customer base. in the quarter if we add 370,000, 99 90% have a naked broadband and then they take service on top of it, streaming services. that's' what's happening in the market right now. and we create that flexibility. we tell our customers do you want broadband only, do you want fios with the tv channels or not. when we do fixed fios access, we offer them youtube tv or hulu, whatever it might be. we see a totally different pattern or in the market. liz: oh, all right, so i went faked broadband. >> i'm not sure that's a good word, but -- liz: why not. [laughter] and last thing. the next quarter when you're sitting here r the numbers going to be better? >> i think we are now in a good position.

we're a great product, we're a great asset, we're good momentum on our business. and actually when we talked about the financial find for the year, we said for wireless service rev knew we're going to the -- revenue, we're going to be in the middle of the guidance or above, is so we are already doing better than the beginning of the year. of. liz: well, year-over-year the stock is up 39% -- >> thank you. liz: -- and the dividend up once again for the 18th year in a row. >> thank you. liz: good to see you, hans. >> thank you so much for having me. liz: please come back. we're in the last stretch before the final stretch in the race for the white house. former president trump and vice president kamala harris both spending the day reaching out to latino voters. we'll have a live report to open the tate of play as fox news releases its brand new and very latest power rankings right here. stay through the commercial break, and we'll give them to you. and jamie dimon may be angling for a role in a potential harris administration but not the role of treasury secretary?

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liz: election day now exactly two weeks away as both candidates begin their final push in the presidential race. former president donald trump in doral, florida, this morning to speak at the latino summit. he is now heading north for a rally in greensboro, north carolina, this evening. vice president kamala harris is hitting the airwaves. she's sitting down with both nbc and telemundo for interviews this afternoon. and harris' running mate, meanwhile, is on the trail, tim walz on stage right now for a joint rally with former president barack obama. that's in madison, wisconsin. fox news correspondent alexandria hoff has been following the candidates' every move. she joins me now live with new fox news power rankings. what are the numbers? >> reporter: yeah.

okay, so we have 9 if 3 forecasted electoral votes that remain up for grabs. harris is predicted to have secured 226, trump 2219 with the balance that is within 7s toss-up states. both candidates equally quipped to reach 270. to show just how tight this is, two polls were released last week, the suffolk-"usa today" has harris up by 1, the fox news poll, trump up by 2. both with results in the margin of error. with history in mind, a close national or popular vote should mean that trump leads in battlegrounds, but that's not the case as you're seeing with this washington post survey. hearst' need in battleground states, she's doing so even though it's within the margin of error, and it could suggest while trump is performing better nationally than he was four years ago, banking votes in places where he is already winning. so while the power rankings do predict republicans take the senate, the house remains a toss-up, and this week weave

seen some movement -- we've seen some movement. new york's 17 shifted from a toss-up to a lean r. pennsylvania 10 moves from lean 4 to to toss-up and wisconsin 3 goes from red to pink. maryland 6th district could be sleeper district. nevada 3 strengthening for democrats. also new york 11 mauves to -- moves to likely r. john avlon is facing questions about the extent of his residency there. and lastly, more than 15.3 million people more ballots have been already cast but, you know, with changing attitudes forward early voting, it would be risky to try and predict who those early votes are going to, liz. liz: so close. thank you, alexandria. we appreciate it. with the election still very much, as you just saw, a toss-up, both campaigns are working on best case scenarios. in case of a win, whom would they pick the join their cabinet? one of the names thrown around the most, actually for the past couple of presidential races --

[laughter] is j jpmorgan ceo jake maine die, monowho charlie gasparino reported would -- jamie dimon, would prefer to work in harris administration over a rump one, but in what role? if charlie? >> i don't know. liz: wait a minute, we teased not treasury secretary. >> probably not. liz: then what is it? >> you know, it could be national -- ni -- the post that gary cohn had and larry kudlow had. liz: economic adviser? >> it's called the national economic council. so that is, that would be, doesn't need confirmation, you don't put up with elizabeth warren breaking your chops. you literally have that sort of entree into the white house. we should point out that the times is writing today about jamie dimon. we had this op on "the claman countdown "i would say about four weeks ago. they're doing it in the context of treasury. from what i understand, it's the former am-ex chief who has the

inside track on treasury, so it's not dimon. and we should point out even if dimon was offered a role or, you know, the way it's been draked to me is this: if he was offered a role by trump, he'd say no. if he was offered a role by kamala harris, he might take it. and it's a very slim might. we should point out he wants to be there for the next four years. there's a transition process going on at jpmorgan. there is no set successor for jamie dimon right now. they're not that far along in the process because it's always been thought that he's going to, you know, stay around for a few years, until he's about 70. i think he's 66 right now. but again, if he was going to get that, if he was going to be offered a job of any of the two, the it's definitely harris even though trump keeps mentioning his name. and i don't think it's going to be treasury secretary. it's going to be that job as the head of the national economic council which is, you know, a big job. larry kudlow had it, gary cohn

had it. it is powerful. you're right there. you're in every decision, and you're in the white house, but i don't believe it needs senate approval, and that's a good thing because elizabeth warren with is so anti-banker. now, the question would be, would he pick ken chenault over, you know, am-ex isn't exactly a non-financial institution. i just think he's not a bank bank, you know? it's a credit card company. h liz true. >> so that's where i think we are. liz: so interesting. charlie, thank you. >> it's going to be wonderful. imagine you going into the trump administration or -- liz: i want to be secretary of state. >> remember mooch was there for 7 days? liz: 11. >> 11. liz: have a good one. [laughter] qualcomm breathing fire into the a.i. boom as its snapdragon platforms boost speed and save your battery. we're going live to hawaii and the snapdragon summit to talk to ceo cristiano amon about his company's latest innovations and his just-announced in the last

couple of hours partnership with google to do what? stick around and find out. "claman countdown"'s coming right back. dow jones industrials up 53 points and we have green on the screen for the nasdaq and the s&p. ♪ ♪ when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why

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♪ ♪ liz: fox business alert, major news breaking this afternoon in the a.i. chip world. qualcomm and google are teaming up to transform the driving experience with artificial intelligence. big news coming out of qualcomm's snapdragon summit in hawaii. the chip maker announced it has entered a multiyear partnership with google to transform the snapdragon digital cockpit with generative a.i. the company said it will include a.i.-enabled experiences like voice assistance, immersive maps and realtime updates for driver needs all powered with the snapdragon a. a i. chips. qualm come also a announcing -- call congresswoman -- qualcomm also announcing two new platforms. they say that the snapping dragon ride elite will power autonomous driving tech, mercedes benz and chinese ev

maker li auto have signed up. joining me live the from maui is qualcomm president and ceo cristiano amon. i get qualcomm's role in this collaboration, but what's google's part of it? >> well, first of all, great talking to you, liz. i wish you were here. [laughter] with us reporting live. liz: looks good. >> not a bad place to be. liz: maui. i'm jealous. >> look, we're -- [laughter] yeah. we're incredibly excited by what we're doing in automotive. right bemeaned me the is new mercedes, and what we did to show right now on stage we're announcing one of the most powerful processers ever made by qualcomm for automotive which is the snapdragon elite cockpit and the elite ride. and i think it's really future proving -- future-proofing the automotive industry for the upcoming generation of a.i.

and i think this partnershipping google really represents, i think, the recognition of the role that qualcomm is playing working with virtually every car company in the world that are adopted the snapping dragon platform as a key asset of the automotive industry. and we are going to continue to revolutionize the experience in the car. when you are behind the car, a gen-a.i. technology where computers now can understand human language is the perfect interface. and that's going to change navigation, that's going the change how we talk with our cars about what information about the car, what to do. it's going to change how we actually drive and the whole experience. i think it's a great opportunity for technology. liz: it sounds like it. but can i push you a little bit more on what google brings to the table here? obviously, they have an incredible amount of data and they've got their own a.i. plans that have already been well entrenched. do they bring in, i guess, the

knowledge and the g everything n-a.i. model, the large language model to drive these things? >> the way the think about it, when we build the car platform, there are a number of applications that google can bring. let's say maps as an example. and that gets deeply integrated into snapdragon and get the information from all the sensors from the car. we have cameras in the car that are helping the car navigate that can also a overlay important information on top of the map. and then you have models from google and from the car companies in other companies that are going to provide a different experience. so think about the integration of all the google applications and services into the qualcomm snapdragon digital cock to pit and how we provide a complete solution to the automakers. liz: and i know, i can hear our investor audience asking how will this add -- how will this

google-qualcomm kohl lab add a to the bottom line of your stock which has actually been doing really, really well? collab. >> well, thank you very much. here's how we should be thinking about this. i think i remembered this for the first time you and i spoke. we are on a mission. we're on a mission to dow and diversify ball come, to create new market for our technology. and clearly, automotive was a clear example of that. we have built an automotive pipeline of $45 billion, about one-third of that is adas, and now we have this great opportunity with gen-a.i. to further consolidate. we have told investors we're going to be $4 billion of automotive revenue by 2026, $9 billion by tend of the decade, and we're tracking those -- by the end of the decade, and we're tracking those matrix. -- metrics. we continue to build confidence in the metrics. liz: mercedes and li auto will be ready by 2026.

are you in talks with other auto companies? and what does this do, my en -- i mean, is your sort of nonstated goal the make car play, apple's car play look like child's play? if. >> look, i think we need to look at this a little bit different, right in so i think maybe i'll answer your question saying that shows how committed we are in the automotive industry and how bullish we are about a.i. at the edge. not only in automotive, but across phones. we are positioning qualcomm to be the company that's going to drive a.i. at the edge. so what this chip's going to do, it's an order of magnitude, it's a 12 times increase in a.i. capacity versus the prior generation in terms of a.i. computing capabilities. it is the shared belief that we have over many customers, mercedes being one of them, that we're going to create completely new experiences as automobiles

turn into a softer defined vehicle. and i think to answer your questions, we are in conversations with every other car company right now. liz: every other one. okay, that's a lot. and i'm going to believe you on that, so i expect some new news coming out in drips and drabs as you get these conversations more deeply under way. you also announced yesterday your fastest mobile chip, the snapdragon 8 elite, how's this going the transform the consumer experience when it comes to smartphones? >> look, this is a great topic of conversation. there are two things we did yesterday, and i want to highlight that. one is we now have our custom orion cpu, and we have done something that a lot of our partners were waiting for us to do. we build the fasters -- fartherrest -- platform -- fastest platform period. and when we did, we restored leadership in performance and computing performance back to the ab destroyed ecosystem. --

android ecosystem. the same thing we did with microsoft when we entered the bc space -- pc space through the windows ecosystem, now we did that for android. that's the first part the secone are seeing applications changing into ai first experiences. and we build the platform to enable that future. it's the biggest performance of ai in mobile. liz: you said you were going to do this when i was an stage with you and now you're doing it. last question, presidential election, two weeks away. there's been reports that you're considering acquiring, emerging or buy ago piece or all of intel and possibly would wait till after the election to see who's running the regulatory arm of the new administration, whoever that might be. where does that stand?

>> i'm getting used to being asked this question. we're busy doing chips and we're foe used on the new and build the pc platform for the future and snap gray gone x is going the fastest processer for all time and did that by our ourselves and it's going to be a great market for platform for the future. liz: trying not to laugh there. i had to request. critiano, have a good time there in hey and thank you for coming on -- hawaii and thank you for coming onto talk about the google collaboration. >> always a pleasure talking to you, liz. liz: good to see you, liz.

dow is up 23 cpi s&p up 7.7 points and nasdaq up 46 and we're just over 24 hours away from tesla earnings. wall street expects ev maker to post earnings per share of 58-cents and down 11.5% from the same quarter last year. despite that forecast, my count down closer says do not count this company out and he's not, he's eddie gifford from tactic wealth environment. gee two things, innovation and disruption and they're consist at and things they continue to do other and over and over again and albeit sometimes what we hope for and what we expect is not what we see initially. we know they're always working

toward that and looking at things from long term and we think that tesla is a great term and we've been in the election a couple weeks away and on one side of kamala getting elected, we probably see more green energy and that's good for tesla and the other side if trump gets elected, well, elon and trump are pretty good buds now and i think that makes the case for tesla's short term and really when investors and not traders and we want to look at the opportunity and liz: you like several of them and bitcoin trust and i shares and i bit and overall this is a very diverse group of names, what is there that comes into comalty with all four of them?

>> when you look at ceg and think energy, i mean, that basically speaks to everything going on right now. we've got ai, we've got currency and we need energy in general and a company that leans into that and other side of the coin, fico is an interesting play and we have a consumer that's been primarily driven for a while now and consumer continues to consume and continue to borrow money to do that, we become more and more heightened for fico. liz: eddie, you hear the bells. there we go. folks, dow and s&p lost gains but we'll see you tomorrow. larry: hello, folks. welcome to kudlow. i'm larry kudlow and coming down the home stretch. donald trump has the big know, flipping mcdonalds fries and having all kinds of fun. meanwhile kamala harris can't find find out what a position is