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tv   The Claman Countdown  FOX Business  October 28, 2024 3:00pm-4:00pm EDT

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other weekend i see him on the golf course and he's in our golf tournament january 10 & 11. charles: i've got less than a minute to go. there was a hornets nest a week ago that made some comments that rubbed the bitcoiners the wrong-way. again, 30 seconds what happened? >> well, michael sailor made a false equivalence between self-custody of bitcoin and having bitcoin custody of the bank or some other third-party which goes against all of the bitcoin represents. bitcoin separates money from state. it's uncensorrable, and you don't want somebody else holding your key so he got taken to the wood shed, michael sailor and got spanking and he has issued a mia culpa. he changed his mind which is very good. charles: right, right he changed his mind listen i love you, great stuff. we'll talk to you again real
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soon. hand it over to my colleague, taylor riggs in for liz >> i like the walkout song you don't take it. we're starting with the fox market alert. take a look at the stocks are dancing and what is going to be a huge week for big tech earnings and economic data. the s&p 500 needs 56 points for record close, the nasdaq needs 128. we are trying to get there but just a little bit short at this moment, all eyes are on the bond market for a huge week for economic data and the latest jobs report as well coming right before election day. thursday for a spooky halloween, amazon and apple will rounded out. alright, how could we forget,
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there was a presidential election just eight days away. but who's counting, i might be. let's do it all with a floor show, scott shellady and gail treating company founder dan geltrude. great to have you. , for. >> seven this week, which company is most important. >> that is a great question kamala harris what i would like to say about that. i often talk about on my show the bifurcation of the market, you have a lot of folks out there, i would arguably say 80% of them and that's probably true, 20% of the market folks that have things going up we have inflation and i look at my
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technology stocks and what's been happening in the arena and i have to say you cannot do things happening at the same time that don't really go together and one of them would be the fact that you guys leading the way in artificial intelligence movie that way and i like microsoft and we have amazon i've always been an amazon fan and i also think in this type of market move away from mom and pop on the street because we don't have the available assets like land and a lot of them don't have a big 401k and a lot of folks don't feel very good about the market and i don't feel parts of the market and i would probably have to say i like microsoft best out of all. taylor: do you agree with that? i like the action i was to get the same thing i really would like to see what happens from
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microsoft. and that company has been down a little bit right now, it has so much going on in the space of a.i. i know people are like that is stocks related to what is going on with a.i. we are just scratching the surface, to me you could not or ignore that sector and what those company's do and am looking for your notes and a lot of stock picks are in biotech, why? anytime you look at companies that are advancing in biotech that's a fantastic area to be in. it's related to biotech and
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barbara, this company has had great growth and profit and you know what i like, they have cash a great place to be. taylor: i have a little bit of a bone to pick. i started off say that was a big few weeks for the bond market, give a treasury refunding schedule, inflation, job stay ahead of the big election were taken on debt and deficits of this country, you think the rise in rates is short-lived. how do you disagree. >> i think it short-lived because we went over a trillion dollars in interest payments on our debt stock would be good for the government to have that yield high reasonable lower number one, number two is this, you have a spending problem is the reason why until we get that
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spending problem under control, by the academy all roads lead to inflation to get rid of our debt, that's "the bottom line" in the short term you can see this market stumble a little bit and that's where the yields won't come off the boil in the short term, the long trip you have to have a fed stay devilish and let inflation run higher than they liked as though the rates will go back up to the levels because they need to get out of trouble and inflating their way out and that's what we see the tenure come off the boil and it stays devilish in the be good for stocks and that's how they will get out of trouble they cannot seem to let everyone watch them and they have to stop spending. >> i love the comments, i appreciate them both, got in
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dancing for joining me, i appreciate it we have some breaking news, the israeli military carried out new strikes in gaza and lebanon today in the heads of mossad and cia meet for talks in qatar over a possible cease-fire in the release of hostages, oil was tumbling today down five and a half or 6%. this is after israel left iran's energy infrastructure intact and a retaliatory strike over the weekend the idf saying it hit precise military target saturday, severely damaging factories with long-range ballistic missiles and taking out air defense batteries, iran said there will be better in unimaginable consequences for the attack. that's where were going next for the fox news chief foreign correspondent trey yingst who is the latest development enjoins a flight from tel aviv. >> good afternoon in an effort to de-escalate cease-fire talks resumed for a second day in doha
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with hopes of getting into an agreement between israel and hamas. a source familiar with the conversation said that the perimeters are still being determined in any sort of deal would last for less than a month even if successful. cia director william burns was participating in the talks to addition to guitar in a gyp shouldn't negotiators. egyptian president has proposed a separate 48 hour cease-fire that could c4 is really hostages release from olmos captivity. american officials are hopeful there is more room for diplomacy following the death of hamas leader, with these efforts ongoing israel continues to put military pressure on gaza conducting heavy airstrikes in multiple areas of the strip recent strike against the camp in northern gaza left 11 people dead according to health officials. >> most of the injuries or children and women and most of them are in a very serious condition, they were recovered from under the rubble and our
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crews are working to recover the martyrs who are still under the rubble. >> shifting onto israel's northern front israeli forces are taking heavier losses on southern lebanon over the past four days 15 soldiers have been killed in battles against hezbollah the lebanese capital beirut explosions were heard this weekend after israel resumed airstrikes against the has published strong cold on the southern end of the city. as all of this is taking place there is a big question whether or not iran will respond to the israeli strikes that took place on saturday morning. >> thank you so much. meanwhile mcdonald's investors are getting clarity today after the burger chain pinpointed the source of the deadly e. coli outbreak that slammed the stock last week we had details ahead. one of the nation's top voices in commercial real estate joins us in studio, bruce bosler is
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here to tell us if you think cre foreclosures have finally peaked. it is a fox business exclusive read "the claman countdown" is coming right back. ♪ (man) look at this silly little sailboat... these men of means with their silver spoons, eating up the financial favors of the 1%. what would become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash, unlimited deposit bonuses and handsome retirement matching? they would descend into chaos. merciless chaos.
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taylor: a fox business alert, robinhood allowing investors on the presidential election, the houses that customers meet certain criteria can place wagers on the outcome of the upcoming u.s. election by buying and selling contracts vice president kamala harris and former president donald trump. users are pick the winning candidate could receive 1 dollar per contract as the other contracts will not pay out. mcdonald's up today after announcing will resume selling the quarter pounder this week
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and regulators have concluded the beef patties were not responsible for the reset e. coli outbreak in the fast-food about the weekly loss since 2020 last friday is scheduled to report earnings before the ball tomorrow and the chipmaker reported mixed financial results with earnings coming in a little bit higher than expected but the financial forecast was lower than anticipated. it's an arizona-based company, there attributed it to softer demand in the auto sector. it is here, apple releasing the first batch of apple intelligence the futures for the iphone, ipad and that not computers, the futures will be made available to users via free software updates to any device with the latest apple processors, cleaning up photos in photoshop and summarizing
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notifications apple is also unveiling the new imap with the end for chip that will be available november 8, i think i read it $1300. meanwhile could nuclear energy soon power the a.i. revolution. were taking a deep dive on one startup that is planning to build the new reactors a mile underground. the ceo of the vision is here in a fox business exclusive. from a mile deep to skyscraping buildings. we will take a look at how commercial real estate is recovering from the dual shocks of covid in high interest rates. chairman bruce bosler shares his insight and a fox business exclusive. t"the claman countdown" is comig right back. this is our future, ma.
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taylor: is a commercial real estate bracketing on the horizon and the report from property data found that commercial foreclosure were up 15% month over month, 48% year-over-year in september 695 across the nation. california seen the most distress, 238% jump in the same time last year, new york foreclosures rose about 48% year-over-year, this is many cavities implement return to work mandate is a step towards brady new life back in the office in the real estate but what executive says the worklife
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balance needs to be reimagined to revive the all-important commercial real estate sector, that man joining me now fox business exclusive is the cushman and wakefield chairman bruce bosler, great to have you what you mean by how we should think it reimagined in this. >> i think we have done a report that says we have to rethink cities and what is the live work play balance and what people want and how they want to return to work the verdict is in. performance in the will live work play environments like the penn district or manhattan west or hudson yards people want this particular generation and i speak of gen z ian millennial's they want to see things with hospitality like in their office buildings, they want to walk outside and have asked and be in entertainment and a city like new york extraordinary.
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taylor: on the bottoms behind us? in terms of pricing. >> i certainly think with 70% on peak days of people coming back to the office of the member of office mandate come back to work that are out there are continuing to see dramatic improvement, i think we see the bottom probably but we also see the bifurcation of the market that i talked about before, those assets that are well invested and they have you miniaturization, those folks close to or on top of transportation the love of my dear hometown san francisco you keep telling me the worst is behind us and i'm trying to believe you and former audience how are we thinking about san francisco who is so knee-deep in commercial real estate and
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trying to write struggle with the return to office and we have seen the bifurcation of the market and have reinvested. we are seeing people return to work and no questions are more effective when they sat opposite one another you cannot without collaboration you have no innovation. people are getting out in san francisco is no different is happening at the rate and pace of new york new york campus to be out ahead of most gateway cities but it is happening. i can point to occupancy rising we see the fact the ownership gets that they have to invest in their assets in order to achieve success. that is happening. >> i think what we talked about how important to transform commercial office space to a warehouse or previous retail home into a warehouse is not always that easy. how should i be thinking about transforming or repurposing the
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building. >> it is highly complex, even when we talk about residential the conversion of residential it depends on the floor plate size and on the location often times in residential conversion you lose up to 25% of the four plate and there are many buildings, smaller floor plates in particular downtown that lend themselves we are hearing every day the accelerator program that the mayor has in the incentive that have cleared the way for the conversions aren't working were hearing about assets converted every day and we know that we need more at the end of the day presidential buildings in the city. we know we have housing that is a huge crisis for us in terms of the future and without additional housing is going to be hard to retain the workforce of the future the steps have been taken we hearing conversions taken place and it happened by the way post 9/11
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very successfully over 5 million square feet was converted. there is a million feet in the pipeline and i think that will grow substantially over time. we should make no mistake about the economics involved including the cost of funds. >> and i talked about cost of financing the federal reserve comes out and cut interest rate 50 basis points jumbo cut and everyone thinks guilds are falling except yields have backed up into many cases in the last few weeks jumping 60 basis points. i know on the residential side freddie. >> was back up to 6.5%. how much is a problem is financing, refinancing that we are nowhere near the level that we were a few years ago. >> we thinks challenges but the short-term rate have come down beneficial. yes long-term rates we are struggling and i think that will adjust. hard to predict. i am not in that business and if i would i would be in vegas. at the short-term rate has come down, that is helped bridge to
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the long term. it's always great to have you. you always come in here and take my questions. that's why we love having you back. thank you for joining us. meanwhile another possible tailwind for commercial real estate is the amount of space needed for artificial intelligence data centers. we have a new report saying that that comes with it own set of problems. a.i. drying up the u.s. water supply according to j.p. morgan, that reports is a vast amount of water that is needed to cool a.i. data centers is happy the water sources. large data centers can use as much as 5 million gallons of water a day the same amount used by a town of 50000 people, a.i. is also stringing that power grid, goldman sachs estimated that global data center power consumption will grow by 160% by 2030, a.i.'s thirst for power
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making many companies turn to an old alternative nuclear, nuclear energy company deep vision is stepping up to solve the energy demand problem, the revolutionizing of the industry by putting their reactors a mile beneath the earth surface, joining us not a fox business exclusive deep vision cofounder and ceo elizabeth mueller, thank you for joining me. in a mile underground, in order to get a underground we build on the expertise that exist already in the oil and gas industry. oil and gas drillers know really well how did drill down a mile or deeper. >> how much fundraising have you received lately as it seems like everyone is desperate for nuclear and energy. >> the nuclear power sector seen a lot of investment right now,
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deep vision is brand-new and were just out of stealth mode and we announce that we raise $4 million but were raising more as were signing up our first customers. >> in the last few weeks we certainly was not on my bingo card the big tac alphabet, microsoft, amazon are the three that i know what that are making big deep investments in nuclear. as anyone in the big tac world reached out to you? >> were talking to large hyper scalars about being data centers that will need 1 - 2 gigawatts or more of electricity. >> no names that you can give us. >> not yet but stay tuned. >> i will let you have that one for now. i think the problem with nuclear has been the messaging for a younger generation, even an older generation that understand some of the disasters that we have had. people to understand how safe and efficient and clean nuclear has evolved to be.
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how much of a problem is messaging around nuclear. >> nuclear messaging has been a challenge. i think nuclear power is extremely safe in the nuclear power is extremely safe, among the safest types of power generation that we have. that said there is something that feels really good to a certain number of people about going a mile underground and having a billions and billions of tons of rock between the nuclear reactor and humans at life of the surface. >> we really appreciate you joining us. we wish you the best of luck on your endeavors please come back when you have news to share as well. elizabeth mueller. >> thank you. >> america's energy production has been a big topic on the campaign trail with over a week until the election. what to undecided are there any of those out there. what are they looking to hear with vice president harrison former president donald trump we
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will ask the people, wwe star glenn jacobs, the mayor of knox county tennessee. he weighs in on the state of the race. make sure to tune into "the big money show", brian brenberg, jackie deangelis and i have the breaking economic and market news each weekday 1:00 p.m.ch it's only here on fox business. we'll be rightas loc back. with savings, right? (♪) somebody just got their first debit card! ice cream on you? your money is a part of your community, so your bank should be too. like, chase!
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>> vice president kamala harris with semi conductor in saginaw michigan today, she makes three campaign stops at the back on state. the gop rival former president donald trump spoke last night before a packed house at madison square garden he will hold a rally in georgia at the next hour. with eight days to go before election day you have a cbs news golf survey finding that there is a tie between the composite battleground state collectively
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when hearest contains a one point lead national vote preference, joining me not to break it all down the republican mayor of knox county tennessee in 2021 the bwc hall of fame inductee brett jacobs, all of my wrestling fans as kaine. it's great to have you thinking for joining the program, what do you think of how tight some of the polling has been particularly in battleground states. >> i think that's how this race is going to shake out we saw the same thing in 2016, 2020 and back then a landslide for hillary clinton 2016 did not quite turn out that way. i think with polling there is a challenge of what predict the time and issues and questions are asked and all of those things but nevertheless we see momentum in the trump camp in the harris camp has panicked about that at this point. taylor: should he be for that
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had given the issues on the ballot like economy, inflation, immigration. >> again when you look at 2016 he was well behind hillary clinton and many pundits were saying they made a landslide and this time he is actually close the gap since then. i think, election day, i don't think trump pulls well i think the most important of the final pool is election day and i think he will do well in that one. taylor: we were talking about at madison square garden cutting to trigger dollars from a six and half trillion dollar loader government as many people would say. do you think that is realistic, could someone come in as a government efficiency officer and cut 2 trillion. >> something is going to happen were completely unsustainable path with spending when we look at the debt in the amount of the federal government spends, budget compared to gdp, although that is completely out of whack,
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something has to be done. it would be politically painful, if it is not done now it's going to be much were painful in the future, that would be something i would definitely like to see the federal government. back. >> what issue is top of mind for your constituents. >> for us inflation in the economy, immigration, public safety all the things that folks think about when you talk about government, politics is not hard good roads, safe neighborhoods and they want good schools and what were seen with the biden here administration is the complete opposite of that that's what literally vice president harris created a strawman where she's running against her own record and saying i will not do those things when i get in office but that is exactly what she's doing right now. >> i have to give you a job former ufc fan i do love wrestling but i think what people see trump go to ufc
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fights, that is very clear that that is his audience within your world aggressively to wwe is there room or swing voters in that camp that's a great question in different viewpoints and colleagues who are friends of mine who believe things are we believe we still get along as best as we can that's the enforcement of the political environment and so divisive you can't talk with anyone anymore just about the issues, frankie about anything it would be great if we get back to the point where we can have the heated discussions but at the end of the day realize were all trying to work towards a common goal which is improving our country. >> a common goal has also been improving the messaging around early voting. how is early voting going in your district. >> the numbers are huge. in tennessee we have a two week period of early voting and this
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time the numbers have been through the roof as they have been around the country. >> i guess you cannot have any results yet but you have an idea of having people have voted versus election day is that higher that it was four years ago. >> it will be much higher i don't know the exact figure but it be much higher. >> you talked about the issues and people mentioned spending. i think about managing the budget of the family of a young daughter i think about that every time i go to the grocery store. people get their eyes glazed over will be talk about federal debt is like the government can. trillions and it doesn't matter. it matters to my family as i required to budget in my family i need a federal government that takes the same fiscal responsibility and manages their budget. are you confident the next administration can get our fiscal order fiscal house in order. >> i am as you mentioned with elon musk coming in another folks at president trump has talked about bringing in his advisors i think so and one thing that folks have to
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remember we all get that glazed over look we talk about finance, the reason the national debt is so important it can. money to make up for the budget but it still goes into attack is called inflation, the reason that brad and milken gasoline are so expensive because the federal government has printed so much money for the outrageous spending habits, we're going to have to do something. i think this trump administration is going to be pretty different from the first one i think that the administrative state whatever you want to call it i think this time there in deep trouble, donald trump is going to take care of that and the bureaucrats that left jobs will be shown the door and that's nothing but good news to the american people. >> i'm glad to have us you and me are eyes don't glaze over will be talk about federal debt and deficit i guess we get two points right there. i wanted to end on a topic that we were just coming out from the previous conversation and we
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know that solar and wind is great and the power needs we need in the future. and what are you doing to invest in nuclear in an a.i. hub for businesses. >> in east tennessee we have a huge advantage, the laboratory which is part of the manhattan project in the office of that which was nuclear power, the first lightbulb using nuclear power and electricity generation of the nuclear power plant was right in oak ridge tennessee which is 30 miles down the road and since then they kept of the great research pedigree that they had since the 1940s we just had a major announcement that a company called aronowitz investing $6 billion close to the lab to build the country in over 20 years and that's what
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has to happen, nuclear is only energy sources that is going to be able to accommodate the electricity means of the future. >> mayor glenn jacobs, were appreciative of your time and your expertise in giving us some insight into your county, your state and the viewership as were coming up on election day as well. thank you. >> thank you for having me on, shares of trump media and technology groups three 100% this month. is this a bet on the former president coming out of winter and next week's election. charlie is here he is breaking it all down next on "the claman countdown".
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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?
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he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. taylor: bitcoin 69040 was 70000 as the price up during a half% today sort of tracking the bottom market. investors think this could have something to do with the so called trump tradenames that are moving higher in anticipation of a trump win next week, the
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former president dubbed himself the crypto president while promising to champion the industry if he gets back into the white house another stock on the truck trade is trump's media stock we mentioned earlier djt buds to all of this would charlie gasparino on what is in this, this is not fundamentals. >> is definitely not fundamentals, what is djt last i looked 20%. >> now is 21, be careful this is why you caution people, 20% is amazing in its bid of 180% this month. >> we should mention september 23 the $12. >> up 80% something like that this month this trade is highly correlated to poly markets. if you know anything about poly markets is abetting gauge and who might win the election, trump is ahead in poly markets
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today today is the highest level of poly markets of trump being ahead and i don't trust poly markets. it is abetting gauge, the journal read something about it it could be influenced by a couple of big fish setting on the election remember when they had hillary clinton that to the minute that donald trump was in 2016 but to be clear that the trade is kamala harris the reality if trump win next tuesday i believe. >> how could you forget that. >> should not forget that. you should see fit the data collection, you can see the mother of all fort squeezes this is highly shorted, it's very thin, donald trump controls 53% of the shares in the short sale you borrowed the shares and sell them and cover them at a later date in the market that's
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happened with gamestop a few years ago, that could happen, that's reverse, supposed trump loses. they still think it's even money that he loses. if you look at the public polls, it's 50/50 or 4949. >> i was reading a report if he wins i could go to 70 if he loses it could go back down to 20. are you reading those. >> you can only surmise from this, i don't talk to the average short seller when you talk about markets in every buyer on the stock there is surmise, the smart money is saying they are waiting for election day to capitulate either belongs to capitulate
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which they might where they capitulate with the mother of all short squeezes and they have to find the stock they bid up the price of the stock to replace the short. taylor: wildcard, what if we don't know the results on wednesday. >> who knows, that's a great question. >> the shorts haven't capitulated yet. >> that's a great question we kind of knew trump was going to lose the last time because it was mail-in ballots in generally favor democrats in pennsylvania i remember pennsylvania being a big? we will have to see exactly where the? is is a easily surmised outcome and then you will see whether goes one way or the other pay attention to the stock it is fascinating from the trade standpoint it is highly correlated to poly markets. again they've always said the betting market always gets it right and i'm suspicious. i'm just telling you.
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>> quickly in the final minute or so that we have, what are ceos saying about the selection have they have been hesitant to weigh in. >> i don't know if you read my column in the post today or sunday here's what you have yet ceos that the outcome all harris is going to win and jamie dimon leaking it i broke the story that he would serve in kamala harris a administration and all the sudden jamie dimon is a 180 last week and says i'm not going to go into any administration and david solomon of goldman sachs running around saying our report that the economy is better in one analyst prediction, why are they doing that they're worried about trump winning, the polls have evened up in the momentum is on his side, ceos are game planning what it's like they're never going to support maga trade restriction in tariffs, they're never going there they feel uncomfortable around him they will kiss his because they have to so to speak.
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taylor: you cannot say bad languages is a family-friendly program charles. >> the children will be surprised but anyway they will kiss his heinie. my point is they are prepared for him to get in there and it's funny watching giant and she jamie dimon go through machinations right now, that's why i like wall street, they are fun to watch, watch them squirm you're making me squirm. charles gasparino. >> i would prefer silly apologize for using a bad word. my father used to scream at me every time i >> one day i gave her $20. covered me for 20 times. >> charlie, thank you. >> closing bell ringing in about five minutes and markets in the green and dow on pace to snap a five day losing streak and nasdaq on track to close. higher for about a fifth
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straight day. we're not quite at records, but we're getting there for the nasdaq and s&p and just a bit shy. big tech will be the biggy. joining me is capital management dan genter. thank you for being here, dan. i'm asking every guest on the program, of all the big tech this week, who's the most important? >> well, look, nvidia will continue to carry the ball. >> okay. >> they're out in front, they've been the leader all year, they've been pushing not only tech side but all of which avenue of the s&p. s&p up a little over 20 but take the mag 7 and really the mag 4 out and only up 9. it's pushing it and it's one of the few, frankly that, is a little bit justify fioed.
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taylor: are we all on pins and needles for ai? >> it's not just looking at ai, taylor, but now it's beginning to shift a bit from the standpoint of okay, people that are in the buildout, are making money. we can see where they're going to make money. but as you go to the other phases with regards to application, then the jury is out. who's really going to make money here five years from now. >> the bigger banks are following so closely and hard to have any breakout and hard to add alpha or any value.
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>> markets are efficient and they can't. >> exactly. look at m and t and they're a super-er regional and great thing with them regards to now they reduce the exposure, which was already low and increase reserves. taylor: we had the chairman of curb field and wakeman on the show and talking about the exposure and dealing with that stuff. another one on your list that caught my eye was cisco systems and they're in the narrative of the new tech versus old tech.
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could we call cisco old tech and can they sort of ai themselves out of being old tech into new tech? jot big story was basically revenue growth and turning it basically regards to sales and what they were going to v. that is going well. their biggest part is enterprise and enterprise is up 3%, ai is up but enterprise is the vast majority of revenue and sales and enterprise up 3% and big story with them is not only push they'll have in revenue and earnings but at 14 multiple.
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there's a double barrel benefit that should push them in their future. taylor: only 30 seconds left with a big question. we're coming on the election. can markets rally regardless of who's in the office? >> yes. taylor: okay. >> the middle part and ten year. i say it's 30 seconds and i get two questions in. that's how quick you are with your answers. dan, thank you so much. appreciate it. >> good to be with you. taylor: hearing the closing bells again. a bit higher pretty much on all of the indexes and not quite as records and trying to get closer. that's the claman countdown and kudlow is next. larry: hello

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