because of that huge move that they had but you'll also see the a.i. stocks and also a lot of the energy plays like these mini nuclear reactor s that will power data centers and all that sort of thing. those be three areas i'd concentrate on. charles: okay so about 30 seconds. last time, 2016, the national federation of independent businesses went through the roof. small businesses. is there a big play there potentially? >> you bet and they will start rallying a lot more. the iwm, the small businesses, when rates come down. i've been listening to the show, so i know rates aren't coming down for a bit, but i think six months from now, they will. charles: my man, always a pleasure to have you on always and it's always a pleasure to hand the show over to liz claman. liz: well jon to take his hat off. i got him to take his hat off yesterday. charles: one-time a week is enough for him. liz: exactly. i get it thank you, charles. it appears folks that earnings

have a firm grip on the markets wheel because the best performers are speaking on good earnings reports, and then conversely the worst are cratering because of their quarterly numbers. let me show you dow jones industrials on pace for a fourth loss in a row down about 179 points. that be the longest streak in more than four months, and if you look at the dow heat map, the coldest names on the heat map of the bunch are ibm and honeywell both with bottom line beats but are getting punished for specific line items in their earnings reports. honeywell which is down about 5% coughed up a termid full year sales forecast while ibm showed stellar growth of software in 9.7% reported weakness in its consulting business so that stock is down six and two-thirds percent and i did speak with arvind krishna about that issue, and steered shares 32% higher year-to-date but consulting revenues came in at

the low end of the expectations and that's being kind. he said macro uncertainty pretty much has cfo's trimming costs anywhere they can find them and often, third-party labor is the first thing to go. that said, he told me ibm will simply shift some employees to consulting projects unique had to a.i. that's an area within consulting still hot. let's get to the s&p 500. it's having a better day than yesterday, same with the nasdaq and again that has a lot to do with earnings specifically tesla. shares of the ev maker are soaring at this hour, in fact, they are up the most in three-years. 21 and one-third percent not just on a profit beat and the fact that the cyber truck generated profit for the very first time, but on an incredibly bright sales forecast made by ceo elon musk on the conference call. >> notwithstanding external events, like soming breaks out

or interest rates go sky high or something like that. we can't overcome events but i think with all else, with the advent of autonomy, something like 20-30% growth next year is my best guess. liz: 20-30% growth. that may sound hyperbolic, but investors believe it and the pop right now in the stock brings the six-month gain to 58%. so far, earnings overall are coming in solid of the 32% of s&p 500 companies that have posted third quarter results, 79% have beaten earnings per share estimates while 57% of s&p have bested revenue estimates. what can investors prognosticate regarding overall market direction especially when treasuries hover close to three-month highs let's get to the floor show joining me now, blackrock global co-head of fixed income etf steve lapley, along with trader keith

fitz-gerald. am i right, keith? considering the election is less than two weeks out we've got a war raging in the middle east. where should investors train their focus if they are watching earnings? >> well, you want to be best companies only keep it on the fair way. this is not the time to be taking wild speculative bets. this is the time to focus on the companies that will be there when you need them, liz. liz: okay fine. because that's what we're seeing. we're seeing people jumping in rewarding companies, right, keith, that have done really well, for example, tesla which has been a big position of yours. >> yes, it has been, and i'm very very happy to see that. i wish honestly that chairman musk wasn't getting involved in politics as heavily as he is because it's a distraction, but he's got a lot at stake just like we all do. liz: let's get to steve here. you look at exactly what investors are doing and it just feels like every time there's a sell-off they are buying on the dips and that they are interested in walking their cash off the sidelines, off fixed

income, and into equities, but your fixed income guy. do you think investors have enough exposure to fixed income right now? >> i don't. i think that for quite a long time if you go way back, you have to go back 20 years to get the yields that we're getting today. yes, the cash rate is still high. the fed has only cut once. there are more cuts in the pipeline but it is time for investors to really think about that, 40% of their portfolio and right size it, so we've been seeing a lot of flows, mainly into high-quality. so call it intermediate duration, high-quality core, you have the ag, you have binc has been a popular fund as you know, liz. we've also seen interest in maintaining some of that floating rate exposure like our cloa fund but the point is investors are finally moving and we think they need to continue to migrate out of cash and into fixed income. liz: when you talk about binc and that has attracted the most cash of any fixed income fund lately. its done really really well.

still when you stretch it out to the day that it launched back in may of 2023 and you compare that to what the s&p 500 has done, there's kind of no comparison. look at this chart here. the yellow line is the s&p. s&p has been soaring about 38%. blackrock flexible income etf of 4.7% of course that doesn't always take into account, you know, the distribution et cetera, but what do you say about people, why am i putting it in that instead of equities? >> yeah, i think that's an important point but they each play a role. so binc should not be returning what the s&p is. there's quite a lot of risk. ideally these things offset each other and that's the point we're making is that yeah, you're going to give up the equity return but you'll get that diversification that you need and again for the first time in a long time you are getting income. that's the key. liz: keith is an an all equitis guy and keith you have focused

as we said on names like te tesla, palontier but when you see investors diving into a tesla like this , you say that it's really kind of an interesting move for investors to broaden their fixed gaze from tesla to something like the chinese version of tesla and that's byd. >> absolutely, because, you know, tesla, the thing about tesla that people don't understand, is that it's not just about the world we used to live in. it's the world we're going to live in and when you look at it who does musk see or who is the viable competitor? it's not detroit. it's byd out of china so i think investors will be wise to think about what that company wants to achieve particularly in light of this success that tesla is achieving. byd is a huge global player. liz: tesla is about flat over one month. byd i thought i saw 17% to the upside here for one month. pretty interesting, but that's just sort of just one kind of focus, but if we look at what

tesla has, and that is years of data, and elon musk on the call yesterday talked about his cyber cab dreams, and he talked about forget that for a minute because his stock has gone down since he announced the cyber cab, but he said forget that, and look at the regular cars that he's making right now. listen to how he put it. >> there's no need to wait for robotaxi or cyber cab, we expect to achieve that next year with our existing line. liz: full self-driving autonomy. do you believe that, keith? >> oh, i think that the timing is not so much the issue. what is at issue for me is all of the other vehicle-related things surface in terms of data, a.i. this is very much like 2014 when apple suddenly said we're going to do services. today that's $100 billion opportunity every year. i think tesla is going to pivot and vehicles are going to be compareably small segment of

overall revenue for a few years from now. liz: not everybody is so gutsy because it can be a wild ride. steve that's where you guys come in. i feel like when people look at fixed income, they are just looking at treasuries. but where are the best opportunities outside of that, in fixed income right now? >> yeah, i think we still believe there is value in high-quality. so spreads are tight. they are certainly tight, but we think in the high-quality -- liz: you're talking corporate? >> high-quality corporates, investment grade. if you're going into high yield, high yield continues to return so it's up seven odd percent this year, up double-digits last year. if you're going to do that we recommend being a little more defensive about it, either actively through something like brhy or defensive fund hydb. that's a way to kind of play it a little bit more cautiously in high yield but we think high-quality is still a good place to be, intermediate part of the curve. liz: okay so that's a balanced portfolio but not 60/40. everybody says 60% equities 40%

fixed is -- >> everybody is different. it just depends on your risk profile but the more risk you take on the equity side the more you should have offsetting in the fixed income side. liz: steve, keith great to have you both we appreciate it. dow jones industrials down about 165 points right now. peloton's post-pandemic bike crash very well known to investors but the at-home fitness company now getting a potentially life changing injection in the form of a green light from a top hedge fund investor, details on toed's volatile move over the past 24 hours is straight ahead and later, with just 12 days to election day the political duo who after joe biden dropped out of the race pushed hard for a blitz primary to choose a democratic presidential candidate. they are back. what do they think about how kamala harris has been running her campaign against former president donald trump? that and more coming right up on the "clayman countdown."

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get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. liz: we are getting breaking news in a colorado man has filed the first lawsuit against mcdonald's relating to the e-coli outbreak that so far has led to one death and at least 49 illnesses across 10 states. the lawsuit was filed as the food and drug administration reportedly is looking at mcdonald's onion supplier, taylor farms, as the source of e-coli linked to the burger chain's quarter pounder hamburgers. tainted onions are likely the culprit of the contamination. taylor farms announcing today a recall of four of its raw onion products. mcdonald's stock downgraded today to a neutral by baird on near-term risks from the crisis yesterday. mcdonald's got slammed but today, it is moving up just a

bit, about three-quarters of a percent. still does not erase the big hit yesterday. right now, baird is cutting the price target to $290 from $320. shares are $300 right now. yum brands also taking preventive measures. this breaking just a couple hours ago. it's saying today that out of an abundance of caution, it has removed fresh onions from its meals at taco bell, pizza hut and kfc restaurants in the areas of the outbreak. yum brands moving lower by half a percent. fox business alert. we're talking about tesla, as strong as tesla shares are right now, shares of molina healthcare are giving it a run for their money in the second poll position on the s&p 500. the stock is currently jumping 18 and one-third percent and on pace for its largest percentage increase in more than a decade. this after the health insurer posted a healthy beat on third quarter adjusted earnings and sales, and the premium revenue

rose 18% year-over-year to $9.7 billion. the health insurer cited new contract wins, acquisitions, and growth in its footprint. gold may be very close to a record but gold miner is sinking 14 and two-thirds percent to the bottom of the s&p after a third quarter profit miss. they cited higher costs and lower production in nevada. in fact production in nevada fell nearly 20% during the quarter, as a result, newmont is having the worst day since 2008. dr. pepper looking for an energy boost after a third quarter sales miss. shares of the beverage giant falling 5.5% after getting dinged by the us coffee business which fell 3.6% year-over-year. what to do? well, today, keurig announced a $990 million investment in energy drink maker ghost, in return for a 60% stake. ghost says its nutrition drink sales have quadrupled over

the past three-years, so obviously, keurig thinks that's the new trend and they plan to purchase the remaining stake in ghost by 2028. and investors are getting back on the bike. peloton surged about yesterday, the 8%, 8.7% on reports that green light capital's david einhorn called the stock significantly under valued. now back in august green light also disclosed that it had bought 6.8 million shares in the exercise bike maker, and shares really popped as a result. they are up over the last three months about 71%. i still have mine. stop beating up on peloton. i'm on it, at least three times a week, four if i'm being good. the housing market still in a slump as existing home sales drop to their lowest level in three decades. with mortgage rates now ticking higher, when will we see a breakout? we ask the original flipper and fixer upper out with the home

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4.1% month-over-month in september, to the highest level in nearly one and a half years so builders are building but while the feds half a percent cut in interest rates last month may have lent a helping hand by forcing mortgage rates down, those rates are actually now ticking back up. according to bank rate, just before the 50 basis point september rate cut the national average for a 30 year fixed mortgage sat at 6.31%. today that average has now ticked back up and stands at 6.71%. the futures market, maybe this will help but it's pricing in a 95% chance the fed will cut another 25 basis points at its november meeting in two weeks, but home buyers are now left to wonder if that will even bring loan rates down in a meaningful way. joining me now are two people with decades of experience in the housing industry, the novogratz co-founders robert and courtney novogratz their brand new book the chronicles lessoned learned from 25 years

of buying and renovating houses is out today. robert, what do you make of the fact that interest rates came down initially, one month ago, when the fed cut rates, and now suddenly, they are back up? >> well i think everybody was waiting for that rate cut and it's like is it a quarter or a half and it was kind of anticipated in the pricing, and then people were rushed to refinance, and rushed to buy new homes, and then we saw that big unemployment number which was very inflationary and people wonder which way rates are going. liz: don't you think it's a misconception that when the fed cuts short-term interest rates that that directly translates to bringing down mortgage rates? it doesn't always work in lockstep. >> yeah, we all kind of read the same news and follow all the programs, and i think everybody was thinking that, and it was kind of built in already. liz: then courtney, inventory. when you look at what's out there for existing home sales, so fancy way of saying used, people have lived in them

before, according to data out yesterday, the supply of existing home sales, 1.39 million. that's actually a 23% jump from last year to the highest level since may of 2020. the inventory improves but what's it going to take for people to really get out there and feel like they will get a good deal on a loan? >> exactly. people are scared. when we started and it's in the book, you couldn't get a loan for condemned building which is the very first house we bought, and people are wanting new construction, which you said at the top. they want everything new, and they may have to compromise though, because to get brand new home, even though that's in vogue, it may not be possible. so to try to get a loan, the best you can, to possibly read our book, which is filled with information on just the mistakes we've made and the great things we've done, and i do think that, you know, hopefully after a couple weeks from the election, so things will hopefully be a little quieter, as far as fear in everyone that will change

hopefully soon. liz: and robert? when courtney talks about condemned buildings and not even being able to get a loan, was it in the early 90s that you two with what? didn't have two nichols to rub together basically but there was no smartphones, no gps or anything like that. >> we had the yellowpages, pay phone on our first jobsite. in 1994 we bought our first condemned building in manhattan and got a 7.75% rate. liz: we've got a picture of that it was in chelsea which today is super-hot. very hard to touch in chelsea, and there it is. that's the before. what did you guys pay for this? >> we don't talk about money in the book but for you, liz i'll tell you. we paid $450,000 for that old townhouse. >> but we couldn't get a loan to renovate it. >> we put everything we had into it. that was on the market for six years. the real estate peaked in 1992.

market crashed in 1987 and real estate went down and back up. liz: but you turned it into a magnificent place and did you live, there it is on the right side. >> we lived there a couple years and rented to the singer songwriter suzanne vaga. we're trying to figure out how to get income on properties and sold that years later for probably 20 times what the we paid for it. >> we were able to buy more real estate because we basically had an incoming producing piece of property from suzanne's rental, so we were able to go again and to soho and buy, we started buying condemned buildings, parking lots, gun shop, anything. liz: the gun shop is amazing. we've got a picture of that. you bought an old gun shop, 24 thompson street and you changed an entire block. >> a funny story on that. we were touring robert deniro's wife at the time that gun shop but i wasn't supposed to let her know that i knew she was his

wife and she was like i can't believe this is a gun shop and i'm thinking to myself, well they fell mean street which your husband was in and also serpico in that building so it was an old gun shop. liz: it had a ballroom in it? >> that's the new house. liz: but you live in these, and then you have to leave them because people want to buy them. so, when you are looking to purchase a property, how much does the mortgage rate at this point mean to you? you don't do all cash, do youa at this point? >> we do kind of everything. it's all changed when we did that first building the owner did what they call take paper which is a technical thing but we couldn't get a loan and he did it. we usually take shorter term loans because we feel we're never going to be in there more than five years. liz: let's talk about the furniture business because the novogratz website where you sell furniture at a very good price, that is something where you expanded that business. tell me about the furniture industry right now. it used to be, i mean, just a

couple of years ago we say too many cheap chinese imports. we've got president trump saying he wants to slap imports on anything coming in from china. what would that mean? >> that wouldn't help the furniture business. >> exactly. liz: even you guys? >> we do have affordable furniture that comes to your door in a box and we have really honed in on our skills as far as great product, at great prices. really sturdy furniture. liz: chinese made some of it? >> it's made all over. but it depends on the quality of what we're actually making. every country is in different parts. >> what we're seeing right now in the furniture business is brick-and-mortar has come back in. places like home goods is crushing it. walmart is doing very well. on line is not doing very well right now. liz: when you look at home renovation because that's where you start, with you guys are amazing with what you have done. home depot, lowe's we've looked at those stocks and on occasion

we've hit record highs, and materials makers. the pricing, what do you see with pricing right now? >> well i think too, more people are trying to not buy right now. they aren't sure, and so they are doing small little, you know, renovations in their homes, and they are going to, the home depot and lowe's together and renovating their bathroom or kitchen, playing it a little safe which is understandable because there's a lot of changes happening. liz: the book is called the novogratz chronicles and i love before and after, but what i love about it is you tell the story of new york and the 90s and how to spot gems that may be frightening on the outside but that's where the real opportunity is. >> there is and if we come back i'll tell you where to buy and what is ready to buy next. liz: what's the top one right now? >> we travel with the book tour. the carolinas are booming both north and south carolina and i'd love to get my hands-on a building in detroit, michigan.

that place will turn around. liz: you heard it here first. detroit and the carolinas. robert and courtney great to have you thank you very much. a dozen days to go until election day as donald trump and kamala harris remain in a dead heat. is harris losing the steam she gained after the democratic national convention? the original proponents of the blitz primary, one of them worked for obama, the other is a venture capitalist and both are here and both advocated against an automatic coronation of harris as joe biden's replacement and instead pushed for a new selection allowing all top democratic names to compete. as crunch time approaches we get their take on the top of the ticket and when you think of oil, you think of texas, right? but did you know in a quiet southeast corner of new mexico lies the beating heart of american energy? lauren simonetti is at the biggest oil producing county in the nation. her live report from there in new mexico is next on the "clayman countdown."

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liz: breaking news. vice president kamala harris is expected to arrive in atlanta at any moment ahead of a rally tonight where she will campaign together with former president barack obama for the first time ever. with less than two weeks to go, before election day, a new national survey from the "wall street journal" shows former president donald trump with a narrow 47% edge to 45% for harris. the advantage sits within the survey's margin of error of plus or minus 2.5 percentage points, effectively making this presidential race a toss-up, as it has been. joining me now georgetown law professor and former obama administration official rosa brooks and democratic donor ted dintersmith. together they had floated the idea of a blitz primary which would have allowed all top democratic up and comers to compete to grab the candidacy,

instead, well i don't like to use the word coronation, rosa, but that's basically what happened. kamala harris got it, so let's get your take right now with less than two weeks ago on how you think this will play out. >> oh, my goodness. this is one of those ones where i feel like harris could win in a landslide, trump could win in a landslide and anything in between is possible. it is so closest a toss-up and i think what that means, what all of the polling experts are telling us at this point is that this election is likely to come down to a few thousand votes, and a few key precincts and a few key states which in turn means everything depends on, you know, does it rain and are those voters feeling crummy when they wake up in the morning or feeling energetic and whose last few thousand voters turn up at the polls. liz: professor, that brings me to the focus on the polls. can things change with this short amount of runway left? >> never say never. i think it's extremely unlikely.

barring something on the level of 9/11, i be really shocked if something substantially moves the needle for one candidate or the other. i think it is a get out the vote game at this point. liz: okay, ted, let me bring it to you. you're actually in palm beach right now, talking to a lot of hedge funders and a lot of private equity and big money. what do they want to hear? i'm sure that it's a topic of conversation. >> i'd say, i'm hearing a bunch of things because there are a lot of different people and different views represented. most people would characterize kamala harris' views as incrementalism instead of a sweeping, you know, ronald reagan supply side cut taxes, or bernie sanders soak the rich whatever, and she's put out some good ideas, but if you are looking for an overarching core philosophy, maybe it's more incrementalism, a number are very concerned about the potential risks if donald trump is back in. the tariff policies, the possibility of a trade war,

possibility that other countries lose faith in the us, it's framework and it's dollars so i've talked to a number of people that are pretty shaken by what might happen. liz: why do you think then, if i like that term incrementalism, if there are some big money people who are, they are not sure about it and they are concerned about the tariffs, why wouldn't the vice president go ahead and really drill down into her tax plan? she says the rich should pay their fair share. what is rich? i'm dying to know, from where she stands. do you know, ted? >> well, i mean, she's saying no increase in taxes for people making less than 400k. i'd say actually incremental, slight raises in the capital gains tax and as a former venture guy, i think that's well warranted. i don't know how many people know about the qualified small business stock provision. i've got a distribution a few years ago 0% capital gains tax,

and so i think some degree of that makes sense, and you know, i think that in general, you could say that i'm not exactly sure where she is. i would give her enormous amount of credit from a cold start on this campaign, as when we talked before, honestly in the back of my mind was could she execute. i would say it wasn't handed to her. she took it. she's executed exceptionally well, over the last three months, and, you know, does she have a sweeping core philosophy behind her economic proposals? i don't think so. are there open areas we're not sure about but when she puts something on the board it's incremental. you know, capital gains tax going up a few percent. liz: roas,osa, that does make pe wonder in the battleground states they are thinking about the economy and their money. the battleground states. it's unbelievable how close all of those are, and if they move, it's within one point or two points. we could put it up on the screen here. the very latest fox poll here,

and i mean, 48, 47, 47, 48. it's pretty surprising here. do you trust the polls, rosa? they have been wrong. they were wrong. hillary clinton polled better than donald trump. donald trump won. the red wave, the mid-term elections in 2022 never really came to pass. >> you know, to be fair to the pollsters, they were pretty close to their margins of error. and this is the problem i think part of the problem is for us that we think a poll comes out and it says, you know, harris is ahead by .5 percentage points or whatever or trump is ahead by one percentage point and we think oh, he's winning, she's winning. we forget that margin of error means exactly that. when the polls are that close it means they cannot tell, we cannot tell, so the polls are not as wrong as people think they were. i think people just believe what they wanted to believe and then in some cases that meant they were extremely disappointed. my take on all of this is that harris, she is, the reason ted

and i were supporting some kind of a blitz primary is because if you got harris, she has got this deep structural problem, which is no matter what she is thinking inside her head and i have no idea what she's thinking inside her head even if she's thinking boy i disagree with joe biden about everything, she can not say that. she is the vice president of the united states. she works for the president of the united states. she is a loyal patriotic person and not going to undercut the president of the united states. that is a good quality inn her character, but it kind of ties her hands so it leaves all of us to sort of think whatever we want to think about what she's really thinking and some people are thinking paranoid and some are thinking generous thoughts and oh, i bet if she's elected she will go in a different direction that's really great. other people are thinking oh, no it's more of the same where she's going to do this wacky thing. i think we just don't know because she's not able to say that. that being said, i think she is making the strongest case you can possibly make, given that her hands are tied and that regard. i will be really interested if

she wins to see what harris presidency looks like, because i do think she came out really strong. i think she impressed everybody by her vibrancy and energy and i do think that in itself is obviously a significant thing. liz: translation, nobody knows what's going to happen. wonderful to have you. thank you very much. we appreciate you coming on. >> thanks for having us. liz: uncertainty around the presidential election is also weighing on the price of oil. crude settled today and right now, we've got it in the after market session down about half a percent to $70.47 a barrel. this as growing tensions in the middle east are also keeping investors on edge, but could there be a new black gold mine in town? lee county, new mexico is quietly become the biggest oil producing county in the nation after it was the first to top 1 million barrels per day of production last year. so we thought let's get fox business lauren simonetti out there live.

lauren? lauren: it's a lot of oil, liz, and a lot of promise for so many companies working in this region. when you think about it the growth in the entire united states of america is right now in new mexico and this side, the untapped oil, this side, of the permian basin. >> it is this little pocket in new mexico but it creates, you know, an immense amount of value. lauren: a third generation oil man, his company has been drilling for decades. lee county just became the first in the nation to produce a million barrels of oil a day and not far behind it is neighboring eddie county, combined, the two are responsible for 17% of all onshore oil out pit in the lower 48. that number could rise as chaz's five new wells start producing. >> out of the five wells somewhere between 3.5 and 5 million barrels of oil over the life of these wells and these wells produce anywhere from 30 to 40 years. we're crazy excited and we've

been here a long time. lauren: with a big boom there's concern about a bust, but folks here say they don't see that happening any time soon. >> the world will be needing more liquid fuels in 2050 than it does today. a lot of it is demand for more electricity for data centers and crypto mining and for ev charging. >> if we can continue to operate the way that we've seen operators produce oil over the last three or four years i don't think we should see a boom-bust cycle. lauren: they are closely watching what happens at the poll, liz, in 12 days. they welcome regulation, so long as it's fair and it's consistent. look behind me. that's one drilling rig. it's five wells. $10 million per well. that's a $50 million investment on that pad. they can keep this going if they know the rules of the game and they can follow them. liz: who needs opec? we do not. we are the biggest oil producer in the world. and it's all coming right there

to a head in new mexico. thank you for bringing us that story, lauren. some tesla investors were really worried that ceo elon musk's full-throated support of donald trump might hurt the stock, but as it surges to the best level in more than three-years, charlie gasparino is next on how the ev maker seems to be unaffected by its leader's political stance. charlie breaks it next on the "clayman countdown." tions? oh yeah. take a swing at your kitchen reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!!

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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: tesla chief elon musk's political antics i guess you could call them, his siding, may be getting him into hot water with the justice department, but tesla shareholders are not worried. they are celebrating. look at the shares of the ev maker. right now up 22%. they are following the company's blow-out earnings as we talked about at the top of the show. the stock has seen gains of more than 25% this year. charlie gasparino is here on musk's support of trump, i mean people are looking at earnings numbers at this point. charlie: put up a one year chart if you can get it because this tells a story and it's something i wrote about in my new york post column after, now that's kind of interesting, you know? by the way this is up 46%, one

year. liz: 22%. charlie: one year, pretty good and this is like when elon has gone full-on maga and we should point out that on top of him going full-on maga which may turn off a lot of people, it's particularly turns off people who buy ev's. these are generally virtue signaling people that want to help the environment. they trend left. liz: or they just want an electric car. it's not necessarily always virtue signaling. charlie: the least efficient cars in the world. liz: a couple of our anchors who are conservative do radio, have teslas. charlie: it's very hard to power up, whatever. i'm just saying. liz: what are you talking about? i have one. charlie: you take the family across country on a tesla? good luck on that. liz: i would never take the family on that. charlie: this is why you're not middle class. liz: kamala harris just arrived in atlanta by the way. charlie: my point is this is a car that is very niche to a certain demographic and it's still outperforming, and i've

got the idea a couple of weeks ago through the story from a very smart analyst and i don't want to use his name because he asked me not to because tesla is still very controversial. the analyst is on your show every now and then and he told me people, as you say, are just looking beyond the politics now. it's saturated with politics. they don't care. this is a car that works. its got amazing technology and i brought up the fueling or the charging of it. he's got a system of doing it now where you can go many many miles on it. it's something called the supercharger, and only good for tesla cars, and it is sort of, it does allow you to sort of expand the bandwidth of without like charging every 35 seconds. so that's, you know -- liz: you are showing you know nothings about the ev's. 35 seconds? let me tell you something. there is a converter

for bmw ev's so they pull up to superchargers and plug in. charlie: that's why they aren't selling just so you know. the one car that's selling ev-wise, that's why all of these other big five, you know, automakers are ratcheting back their ev sales. their ev production is tesla, and one of the things that tesla has going for it, despite the fact that it's best in breed, you can make that case, i think pretty convincingly, first out, you know, it was -- liz: head start. absolutely. they were the first. charlie: it has this super charger business you don't have to charge every two days. you can go long distance and it's really revolutionary, revolutionizing how people essentially travel with teslas. you can't say that with bmw. liz: can i say this though? i'm surprised your analyst didn't tell you that general motors saw a 40% gain in ev sales year-over-year. charlie: you go from one to two it's 100%. liz: charlie?

charlie: you're talking about a very low base. liz: people are catching up. bmw overtook tesla in europe but go on. in sales. charlie: do they sell a lot in europe? i have no idea. liz: they have a german plant. charlie: they have a clines plant too. i'm telling you their main base of operations is right here. liz: [laughter] charlie: this is the market they dominated and one of the reasons why they dominate is because some of these other ev cars are also, so very interesting just to make your point about the charging. the analyst told me that they may start to retrofit those super charging stations for other ev's soon. liz: there are deals already in the works. charlie: they are trying. we'll see what happens. if elon is smart -- liz: they have struck deals. charlie: we'll see. let's see when it happens. liz: he owns the whole charging system. he is brilliant for having pursued this. absolutely. charlie: well yeah but i'm just telling you that the that may revolutionize further ev development but still, if you

look at the tesla, you look at the technology, it far surpasses and i don't no one person that has a bmw ev or a volkswagen ev. liz: i just got one. and the sunroof opens. charlie: how many times you have to charge that a week? 15? liz: three? twice, depending. charlie: i have never had three. i've never had to fill up my gas tank three times. liz: you have to go to a gas station. here i just pull into my house and plug it in. that was the same with the tesla. charlie: where do you do this from? liz: my house. charlie: what is your electric bill like? liz: way lower than the gas bill i paid for gasoline. charlie: not for long. unless they go to nuclear power you'll be screwed. liz: talk to your analyst. tell me about gm up 40% and byd overtaking tesla. and listen again i'm a tesla

fan. charlie: you know, wells fargo is up 60% year-over-year. liz: what does that have to do with the price of tee in gm might be the smaller and taller in the room. liz: charlie. tons of earnings after the bell, folks. capital 1, boston beer, deckerss outdoors and john vandemore joining me tomorrow and ups in the 1309 light at this sure and shares of shipping giant popping five and a third percept and revenue beat for the first time in two years. >> they hit that trough and we have to ride all the way down and they're a strong operator and refreshing to see the market realized the pricing power they

have and once they got that back after the teamsters strike, there'll be plenty strong going into peak this year. macro econ economics and yieldse edging up higher and people are not jazzed to get off the risk asset and that's about it. liz: dow down and big e losing streak and green for s&p and nasdaq and tesla pumping up both and russell 2,000 in the green and that's it for us. does low is next. kudlow is next.