she's back. mariah carey, they released it already. >> i love it. charles: this christmas thing is coming earlier and earlier. >> let it come earlier. charles: you like it? >> i love it. i've got christmas decorations out already. charles: no way. what did you do with halloween? >> christmas days up until the end of january and goes up in october. >> i'm part of the let the turkey cool movement. i really think that the second the turkey is done with thanksgiving that's when christmas starts but i thought the video was brilliant and mariah carey is allowed to have her moment. i don't care if it's a.i. generated she's amazing. charles: well listen one-day we'll have christmas all year around. maybe that will solve our problems as a nation. that could unify us. if i run for president that's my platform. brianna, kennedy thank you very much. liz, i've got a platform for president. liz: [laughter] tell kennedy i'm part of the catering the turkey movement.

charles: [laughter] liz: that's so much. have a great weekend. charles: see you later. liz: speaking of november, it crept up on us so quietly and now, on this first day of trade for the month, the bulls are making some real noise here. look at where the dow started, and where it is now. we'll show you the intraday. the dow had closed yesterday at 41, 763. it shot up right at the opening bell this morning, crossed 42000 and now stands at 42, 127 for a gain of 363 points. the s&p blasted off like a fire cracker, jumping 67 points at the open right now it's paired some of that and is still up about 33 points to 5,738 while the nasdaq did the same, holding on to more of its gains as we kickoff the final hour of trade. nasdaq is up 156 points or just under 1%. we've got to give a tip of the investor hat to amazon. it is the hottest of the hot names on the dow heat map at the moment just behind intel at the moment. we've got amazon up 6 and

one-third percent after its quarterly earnings report pretty much checked all the boxes. a rebound in both amazon web services growth and retail spending pushing shares to within, a dollar and maybe a couple of pennies of their all-time closing high of $200. we're at 198.17 at the moment. we've got to show you intel because you saw it right next to amazon as the top leader at the moment on the dow 30 heat map. boeing as well, we've got intel up 8.5% which is really interesting considering it recorded a $16.6 billion loss during the quarter but the chipmaker forecast current quarter revenue above estimates and then boeing, this is an important mention. it's up 3.5% on optimism its new contract offer to the machinist union will be rich enough to end this crippling strike. the latest proposal is heavily sweetened with a 38% wage boost and boeing is hiking an earlier

one-time bonus of $7,000 to $12,000 per worker. no word on whether it is going to pass, but a lot of experts say probably will be embraced. the sooner the boeing strike ends the better because it played a critical role in the october jobs report which turned out to be kind of a shocker. look on the screen here. tell me you didn't look twice at that 12,000 number. that's right. 12,000. the us economy added just 12,000 jobs last month, when economists thought we would see 113,000. the unemployment rate did hold steady at 4.1% and here is where the boeing strike comes in. those striking workers accounted for 44,000 of the 46,000 manufacturing jobs lost. hurricanes helene and milton also had a big impact on the report, so this may all change next month, but part of the reason the markets are dancing in the green right now is because that jobs number might insure the federal reserve will cut borrowing rates next

week. let's bring in the floor joe joining me manager jack make in tire and trader keith fitz-gerald. jack look no further than the market spike compared to treasury yields initial drop. if you put them side by side you'll see that the 10 year treasury yield dipped all over the place. here is the noise, and then began climbing. it is now up 8.5 basis points to 4.37% and they took that initial dive on the hope this week that non-farm payroll report solidifies the feds easing cycle. how do you interpret it? >> so you've got two big things going on right now. as you pointed out, the employment report was messy, it was skewed, so with the bond market is going off right now is that next week's election, and it looks like trump has momentum and that's the concern. the red sweep is what's concerning the bond market right now. this move higher in treasuries isn't because of today's employment report.

liz: you're sure about that? because i would look at how it gyrated and then you see exactly what's happening with it right now, and it's moving higher, possibly because of the fed. i mean, don't all roads lead to the fed, jack? >> again, as it turns out, we're in sort of a soft landing and the fed is actually starting to ease policy rates so that's a good thing. it's just that when you try to remove some of the influences of the hurricane and as you point out the boeing strike, there are some things that the downward revisions, labor participation was down, government was a big chunk of hiring right now, so i don't think the labor market report was strong enough to initiate this big sort of sell-off in bonds. having said that there's two drivers. the economy is doing better, since mid-september. that's part of it, but this last push higher i really think is more about just angst around next week's election and the fact it could be a red sweep, and you know,

the bond vigilantes are stirring a little bit here. liz: a lot of angst from the election, from the fed meeting. who knows where the markets will go that's why we're here keith and specifically you, because you focus on earnings and you always have focused on good quality companies and when you see them, at a discount, you've scooped them up. what were you buying yesterday compared to what you're buying today? >> well that's a really interesting question. so we have a broad shopping list but it's very tightly focused on very specific names so yesterday i purchased apple, microsoft, and palontier because they all got beaten to a pulp and i thought that was overdone, given the great numbers, the great earnings, the great things they are doing. liz: so you bought those , and anything today? or are you just holding your fire. >> today, i'm just being real quiet. my experience over the last 45 years is we have big sharp drops like that, let the computers work it out and the short-term traders work it out and the noise settle because when it does, you often get very clear

signals. the market is the only store on earth, liz, where people fear a sale. liz: that is very true. we've heard that before. they put up the sale sign down on the new york stock exchange and everybody runs away, compared to walmart, and gucci, no matter what end of the spectrum you're on. jack? when you look at volatility for example, this week alone, today we've got the vix down about i believe 5%, 5.25% but week to date it's up 8% then you can see that month-to-date down 5%. i mean, month-to-date here we are first day of november, duh, liz. quarter to date up 30%, and we do see volatility. it's not a quiet picture when you stretch it out. so, how do you invest around that? >> so and it's not just equity volatility. you look at the move index which captures implied volatility for bonds so you see the big spike there as well, so it's really kind of the idea of, and we've seen this throughout this year. its been fascinating that each

quarter, we have sort of a different flavor, hard landing, soft landing, no landing, this summer it was kind of hey we'll get a hard landing fed had to cut 50 basis points. we kind of pivoted to sort of a no landing, you know, gdp, the economy is doing well the consumer is doing well. i think next year, is going to be a better environment for global growth and we could talk about the opportunities there, but volatility is going to stick around until we get clarity now on the outcome of the election. i'm not telling you anything we don't already know. liz: it looks like there will be at least according to the fed funds futures a 25 basis point cut next thursday, when it's announced by the fed. when you have global growth though, keith, doesn't that mean a little bit of inflation, if there's growth there's more demand and that means the supply sometimes gets a little thin and then the prices go up? when you're looking at the prices of individual stocks, you said yesterday, you had bought apple among other names. look at chevron and exxon-mobile

today. you call it dinosaur juice, right? the dinosaur juice makers and you see that those two names did very very well during earnings. what does that tell you about the energy sector going forward? >> well tells me two things. number one, people have been distracted by a.i. and i would argue that's a good thing, but it also speaks to the fact that many people have left companies making must-have products and services on the sidelines and one of my mentors many years ago taught me when somebody puts money on the floor in the corner of the room you walk over and pick it up. they return record amounts to their shareholders with a lifetime supply of dinosaur juice with us for decades regardless of a substitute either ev, other forms of energy within the next two years. liz: yeah, so keith, you love investing don't you? it's great to see that energy around it. >> i do. this is the greatest game on the planet. you can find great companies, put your money to work, and then when you do enough of that your money starts working for you. what a great deal. liz: jack, very quickly.

starting next week, what will you be watching the most, ahead of the fed, when it comes to particular sectors? >> so okay next week is tough. the fed i don't think will be as big a deal. they will go 25 this time, we'll have to see what happens in december. i hate to say it's about just the election, and actually the volatility associated with it because if we get a spike up 10 year treasuries to 4.5 north of that, i think you're supposed to be buying them. liz: jack mcintyre and keith fitz-gerald, strap yourselves in everybody for next week. it'll be a wild one. thank you so much. and an a.i. darling tripping over the cord of its massive data centers as a series of major missteps send super microcomputer shares diving. we'll tell you how march smci has fallen and what's happening right now with it and why, and later, one of wall street's top tech analysts is here to tell us if the slow rollout of apple intelligence

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liz: fox business alert. the aftershocks from the earthquake that slammed super microcomputer wednesday are still coming fast and furiously. shares of the a.i. server maker are tanking another 10 and one-third percent right now in what's been an absolutely brutal week. the disaster started wednesday when the company disclosed its accounting firm ernst & young had designed after auditing the company. ey said it could no longer be associated with the financial

statements being prepared by smci's management. the news burned off 33% from the stock that day. it lost another 16% yesterday. we've been following this story closely. on tuesday, before this all happened super microcomputer ceo charles lang was supposed to be on the "clayman countdown" but he canceled his appearance about an hour before he was scheduled to come on to talk about the new data center he just built for elon musk's x a.i. endeavor. news that ernst & young resigned broke the following morning. smci wiped out all of its gains for the year, we can see it's now at $25.97 after piercing $100 around march. a team effort at atlasian is paying off the stock is up 19.7% after the collaboration software company reported a beat and raise quarter. it saw subscription revenue grow 38% and subsequently raised its

annual revenue growth forecast, all on strong demand for its cloud-based products. wayfair giving back earlier gains and reversing, it's now down about 7.9% after the online furniture retailer beat earnings but provided disappointing guidance. wear fair expects forth quarter revenue to decline in the low-single-digit range. the companies chief financial officer cited weakness in this years way day which is the companies biggest sales event of the year. this year it took place from october 5 to october 7. wayfair indicates their issues are not company specific but rather a challenging environment the entire industry bases. shares of avis budget are speeding higher by 10 and three-quarters percent after reporting a top and bottom line miss. miss, you say, liz? yes. the rental car company said higher fleet costs and less revenue per day heart its profitability in the quarter, hour it's all about the guidance

this earnings season. the addition of its model year 2025 cars is expected to drive significant savings. ceo joe ferraro also said the holiday season is looking strong. presidential candidates are focusing on the auto sector in the final weekend before election day. the trump and harris campaigns hitting battleground michigan hard as they try to lockdown blue collar voters and auto workers. we'll have a live report. and this election is about way more than the very top of the ticket. up next, we'll talk to the tough on crime candidate in the largest county in the nation. independent nathan hockman is running for los angeles counts it district attorney with polls showing him way out front in head of the democratic incumbent. we'll ask him why voters are embracing his message. the "clayman countdown" is coming right back. stay tuned.

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liz: i don't know if it's hard to believe or just what happened, but election day is now just four days away. both presidential candidates are campaigning in the rust belt at this hour. vice president kamala harris just arrived in madison, wisconsin. she is set to make three stops in the badger state today, at any moment she's expected to speak at a rally in janesville, before hitting appleton, and later milwaukee.

former president donald trump is in michigan right now. he stopped by the great commoner coffee shop in dearborn, expected to hold a rally at macomb community college in warren and finish his day with a rally at the pfizer forum in milwaukee. the two are battling for undecided blue collar workers. the latest fox news poll in michigan shows harris with a slight two point edge over trump but still that is within the three point margin of error. and you know it's not just the white house up for grabs next week. the down ballot contests are hanging. fox news power rankings released showing the senate is leaning toward a republican majority with just four seats at a toss-up. meanwhile in the house, fox news forecast shows too close to call. republicans possibly winning 208 seats. democrats have 205 possibly but with 22 seats a toss-up, further down ballot there's one race far

from the beltway that many are watching and when i say further down, we're talking way down. one in california where early indications show the independent candidate could topple his democratic rival in the race for los angeles county district attorney. according to the l.a. times, among likely voters independent challenger nathan hawkman is largely polling 30 points ahead of incumbent george gascone, the democrat. joining me live from los angeles is l.a. county district attorney candidate nathan hawkman. nathan, you are a former federal prosecutor, and criminal defense attorney running against gascon, a former m police officer and yu are far ahead in the polls. >> gascon has never personally prosecuted or defended a single criminal case in his life and i have 34 years of prosecution and defense experience with hundreds of cases under my belt but as importantly it's gascon's pro-criminal extreme policies

that have created a rise not just in violent crimes but property crimes. they are up double-digits. shoplifting is up 133%, and people do not feel safe. in fact, two-thirds of people polled feel less safe today than when gascon came into office and that's based on their real experiences, whether it's their car being broken into, their homes being broken into, for store owners their stores being broken into and what i offer is a hard work middle approach, where i reject the extreme policies of gascon's deincarceration and say you've got to look at each individual case and the individual defendant, the crime committed and the impact on the victim to determine who the truth rights are to our public safety to go behind bars and the ones that aren't to get non-prison alternative. liz: this race comes at the very time that local newscasts are leading every night with some type of violent crime

smash-and-grab, and of course as a business network we look at this very very closely and the average 7-eleven in l.a. county is either terrified or enduring repeat attacks where shoplifters come in, or you know, mobs that are, we're showing one right now and this is from just a few weeks ago. what do you have to say to voters or what are you hearing rather from voters where they just do not want to see this any more and none of these people are really prosecuted to the full extent of the law because the extent of the law is very light. >> you know, gascon came in and said that he is not going to prosecute juveniles basically anybody under 18 for misdemeanor theft which in california is stealing just under $950. that has been a license to steal on all small businesses, across this county. in fact, i spoke to over 100 7-eleven franchisee owners and they have told me they

stopped reporting the crimes to the police because the police said their hands are tied and when i asked do you at least report it for insurance reasons they said no because the deductible eats up their policy and the insurance company will cancel their policy if they do the reporting. so, they literally on a daily basis, are watching people walk in, take stuff, wave goodbye, knowing that nothing is going to happen to them, and they tell me, this is an unsustainable course and look to me to fix it and i said look, come november 5 if i get in as d. a., we will go ahead and fix this problem. liz: okay so how tough will that be? you know the challenges in politics. >> you know it's interesting. the 750 deputy district attorneys who do the work in all of the courts, they voted 98% to support their boss' gascon's recall. i've talked to over 400 of them permly. they are fired up to go back to their jobs. i'll take that over the law enforcement. no longer will they have the excuse that our hands are

tied by the d. a.'s office. i send the message, go do your job and go ahead and again bring us good cases, beyond a reasonable doubt with legally admissible evidence and we'll do our job, and the time we're shooting for , liz, is 2014. it was considered our safest year in the last 50 years, because deterrence was working that year and criminals weren't committing those crimes. liz: i'm a californian. we went to kindergarten together. we've known each other a long time, and it was a much simpler time and a safer time. we want that to come back to california. you have an interesting background, nathan. you were a democrat for 20 years, and then you shifted to republican for 20 years and now you are an independent. how should voters view that? >> you know i've been a centrist my whole life and i voted for the person over the party no matter what party i happen to be registered. now i'm actually a registered independent because the race for d. a. is a non-partisan race in l.a. county.

meaning there won't be a party affiliation next to my name and you actually want a d. a., who will be independent of politics, deciding cases just on the facts and the law, and not of personal, political agenda like george gascon. i will be that d. a. come november 5. i hope that the polling holds but we're going to be working to the last minute to make sure we win this election. liz: what do you hear from business leaders? you talked about the insurance issues some of the small businesses have to deal with but when you see people who are law abiding citizens, just trying to go to work every day and live their lives and they are facing mass homelessness on the streets, that becomes often criminal focused. it's a real issue and, you know, in the end you saw the nike store looting, right after the dodger game. what do you say? how do you wrap your arms around that? l.a. county is the largest in

the whole nation. this isn't going to be easy. you know that? >> no, it's not going to be easy. there's a big hole that gascon has digged we'll have to dig out of but i have the troops to do it. i've got the endorsements of the los angeles chamber of commerce, the hollywood chamber of commerce, i've got business leaders like rick caruso backing my campaign because they say look, this hard, middle approach where you're going to bring back proportionateal accountability to people committing crimes that's the way you get the message out, to people who are robbing the nike stores, the 7-eleven, people doing the smash-and-grab robberies, people basically escalating this to the point where we had a guy in downtown l.a. get shot dead over his catalytic converter. the message has to be sent loud and clear to criminals. i'm going to enforce those lines and be consistent, fair and impartial but there will be real consequences on the other side. so the message is, don't commit the crimes, and if we achieve the 50 year high, or actually 50 year low of criminal conduct,

that we had in 2014 over the next four years, then when we celebrate the olympics, when we celebrate the superbowl, the nba all-star game, the fifa world cup all coming to los angeles, the world will see a los angeles where our house of safety is in order whereas right now, it's in disorder. liz: and you've got the endorsements of a lot of law enforcement agencies. i just want to let our viewers know we did extend an invitation to nathan's rival george gascon and he did accept and then he canceled. so, that also coincided, and before we go i've got to ask you, it coincided when we made a very big splash with the menendez brothers case by supporting their request for clemency. these are the two people who in beverly hills several decades ago shot and killed their parents. there were all kinds of questions about sexual assault by the father, and that wasn't taken into account back in the day during the trial. how would you handle that? >> so, the way i would handle

it is i do a thorough review of the facts and the law. you've got to look at thousands of pages of prison records. thousands of pages of two trial month-long trials, transcripts. you've got to talk to the prosecutors, law enforcement officers, the defense counsel, review the exhibits. gascon has done none of that but he got that request for recent ensembling in february of 2024 and if he really cared about the menendez he could have acted on it then but instead he acts on it 12 days before a november 5 election when he's 30 points down in the polls, when he's literally only got $46,000 in the bank. he is desperate for media attention, so he goes ahead and does this made for tv media event which by the way there's no deadline on a recent ensembling motion. he could have asked for it on november 6, 7, or 8 but it wouldn't help his political campaign so i've pointed out the incredibly suspicious political motivation of his timing of this and if this does land on my desk i will do that

thorough review and then weigh in on the decision. liz: nathan hochman, we'll be watching that race that you are in very closely on election day. thank you so much for joining us. >> thank you very much, liz. great to see you. liz: great to see you too and make sure to tune in right here on tuesday, for complete coverage of election night. sean duffy, dagen mcdowell and charles payne host the special coverage of democracy 2024. i'll be there for both hours as well, and it all begins at 5 p.m. eastern time. and, when you look at fox news coverage, you'll see this familiar face on election night. bill hemmer will spend the night standing in front of the magic wall, we all call the bill board so that's the interactive map that shows viewers how voting across many different races is trending, second-by-second every single race in every single county in america, and bill has the knowledge to give it all texture and granularity so you

can get the best picture of what's happening in any race from the president to your local congressional district. on my latest podcast, of everyone talks to liz, drops tomorrow. you have to listen, because we get the inside scoop on how bill turns into, you know, the intellectual superman on election night. how he does it. how he fills his mind with all of that movement and if you don't catch him be sure to watch him monday through friday as the co-host of america's newsroom but my brand new everyone talks to liz podcast drops tomorrow, apple, google, spotify, iheartradio, wherever you download podcasts. investors upsetting the apple cart after the iphone giant projected low growth for the current quarter. is the idea of an iphone 16 super cycle dead in the water or ready to tread faster and higher? top analysts wamsi mohan is here with his apple analysis. the "clayman countdown" is coming right back.

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>> 75% of the value comes from the iphone. everything else has become a side product or service for them. i've been an apple user since 1981. i know the attention they pay to the mac book pro which i own is going to be a fraction of what they do to the iphone. the iphone, for better or worse, has e ended up becoming the dominant product at the company. everything they do flows from the iphone. liz: that was professor of finance oswof yesterday on the "clayman countdown." known as the dean of valuations and basically called out apple and said guys you're a smartphone company and yesterday's earnings report, he said, proved that point. now when you break down apple earnings between the five major parts of the company, iphone revenue was the behemoth here $46.2 billion. that was the only metric that beat analyst estimates.

sales of ipads, mac computers, wearables and services fell short of expectations. it is important to note though the apple services section which includes streaming services like apple tv plus, soared 12% year-over-year and hit an all-time revenue record. even though that record wasn't enough to satiate analyst expectations our next guest says that part of the business could be the real tailwind going forward. joining us now banc of america securities senior i.t. hardware analyst wamsi mohan, reiterating his buy rating on the stock with a price objective of $256. wamsi, what do you make of the professor's opinion that apple would love to be seen as something so much bigger. as this multi-headed sort of media giant, and he says that it's really just all roads lead to the iphone. >> yeah, thanks, liz, for having me. look, i would say that when you think about apple, you should

think about it as a platform company, and why is that? they have the ability to enter so many new markets that are adjacent to them. think about advertising. it's an untapped market from an apple standpoint. they do advertising on the app store and a little bit of advertising on apple maps, but that said, when you think about large advertising players out there, apple with apple intelligence actually has the ability to tap into the revenue stream of physical, goods and services so when we for instance were to book an uber ride today they would get nothing out of that or we buy a product from amazon they get nothing but with apple intelligence they are opening up a whole new addressable market in terms of physical goods and services. that isn't in the numbers today but it will be in the numbers in two years in four years, 10 years it'll become a much larger piece of the business. that's one example. think about healthcare. another adjacent market, where

you just started to see some new protects that have developed including the air pods with hearing aid capabilities, very clever. look, i mean, they are innovating across multiple product lines because they know that they have an install base that is extremely loyal and people are more than willing to pay a premium price for other products as well. so while it has all started from the iphone and the smartphone, i would say that it's much more of a platform company with a lot of adjacent markets and don't forget semiconductors. right? they make their own chips. they design and effectively outsource the manufacturing to a third party like tsm, but these chips can compete out there with a lot of other processor companies so what if apple were to make a strategic decision tomorrow to do merchant silicon. it'll be a whole new multi-billion dollar market for them so i think that while the genesis of the point is very true, that it all starts from

the smartphone, i think apple has the opportunity to expand into many many many adjacent markets so we think of it much more as a platform company. liz: fair enough. drill down though on this apple intelligence rollout. it feels very fractured. there was one week in the quarter where they were able to add the apple intelligence into the numbers, so it's true. it can't really fairly be assessed at the moment, but it's not the entire pie that is going right into the iphone now. it's going to be in sort of fits and starts. how do you think that plays out in this current quarter which is supposed to be, usually the biggest sales quarter for the hardware here, because it's the holiday season. is that going to trigger the iphone 16 super cycle that people talked about? >> yeah, liz, look. i would think of apple super cycle in a different way. i would think of it as a multi-year cycle rather than one big boom bust kind of cycle, where you add apple intelligence

and suddenly, you're shipping a ton more units and then it goes down a lot. we don't think of it that way. we think that apple intelligence, it is a software rollout that's very different from any kind of rollout that apple has done in the past and why is that? typically, in september, when they launch their new phones, at the same time, they do their ios refresh. all of that generally happens in very lockstep cadence, and so in september, you know exactly what you're going to get. you know what hardware you'll get , you know what software you're going to get and incrementally, it's about just fixing the bugs in that software, across the course of the entire year. however, when you look at the apple intelligence rollout, those feature functionalities are taking longer, but they will improve the performance of the device, not just today and tomorrow, but six months from now, one year from now, two years from now so what you're investing in as a hardware product, its functionality will significantly improve over the next one, two, three-years,

and that's the promise of apple intelligence. it's not that all of this is going to happen tomorrow, but in december, they are going to citadel produce their chatgpt integration but following that they have integrations with gemini, with others, and so what we should expect is much moreso a cadence of releases that improve the functionality and enhance improve user's productivity when they use the device. liz: before we go, wamsi, you know, tim cook, the ceo, finished out the conference call where there was a little bit of a celebration of his 64th birthday today. did you hear anything on the conference call about succession? i know they are transitioning to a new chief financial officer, but what about tim cook? he's done such on incredible job growing this company, raising the dividend, doing so much for everything within this company, but what do you think? how long does he stay? >> look, i mean, tim cook has done a phenomenal job.

if you go back 10 years ago, apple was closer to what, 200 billion top line company, today it's $400 billion. if you go and look at operating profit it was $56 billion and now it's $120 billion so look at the magnitude or scale of what we're talking about in terms of revenue and profitability that is being accomplished under tim cook. it's just been a finance om einternational run. it really has been so when you step back and think about the lgbtq legacy of tim cook, pe will look back and say this is amazing. this is a year of cfo transition. i doubt apple will make a move where they change the cfo and ceo right now so we don't have an expectation of a quick plan to change the role at the coal level. liz: we've got shares at $222 and that of course is below your price objective of 256. we'll be watching to see , wamsi mohan, great to have you on the show. so, yesterday, last day of

october, markets closed slightly lower but that doesn't mean there weren't some huge movers and fliers and failures. we're going to give you the monthly winners and losers in our countdown closer tells us who he thinks could top the market charts this month. and we're setting sail for the fort lauderdale until boat show. ashley webster will show us the hottest vessels on the water when the "clayman countdown" comes right back. you can't miss that. hi, ash. stay tuned. don't take off in that boat before you hit us. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well invested, well protected.

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liz: more than 100,000 boat enthusiasts are descending on south florida this weekend for the largest in-water boat show in the world. the fort lauderdale international boat show is celebrating its 65th anniversary but the boating industry seems to have sprung a leak since the pandemic. ashley webster joins us live from fort lauderdale, florida with the industry and maybe, ash, to show us the hottest new vessels that could give to the industry ship.

ahoy. ashley: all those puns, i love them, liz claman, and look, yes, you can get the big 250-foot luxury yachts that cost 90 million but i found a boat, liz, that's perfect for you. why? it's all electric. it's made by axo and it's 25 feet long. it can travel up to 60 nautical miles. it can reach its battery up to 85% in 45 minutes which is so much better but the real star of this show is this engine right here. 100% electric, 300-horsepower and, you know what? it is on right now. this were a combustion engine you wouldn't hear me but this is silent. just a light hum. unbelievable. let me get on to dry land and bring in the ceo of the maker of this engine, and how fast can this thing go, by the way? >> well actually this thing can go up to 60 knots so it's

actually the fastest electric boat in the world. ashley: fantastic. well listen, electric vehicles have struggled to gain a foothold. is that the same for the boating industry? was this really the future? >> it is the future and everything that can go electric will go electric, and the same with the boats. so this is really truly the future. it's a few years behind electric cars, but it will come. ashley: okay and how is business? >> it's actually pretty good. things are really starting to warmup between us, we are sales in 25 countries now and really excited to bring this unit into the us. ashley: it is so quiet. >> it's just that experience wwith going on to the water. one of our customers says now i hear what my wife says every time and it can be a bit of an issue so that's on him. ashley: we won't go down that road. thank you very much so liz, you're saying that sales are hurting a little bit more.

used boat sales are down some 12%, but new boat sales are actually up globally, 9% and over the course of the five days, at this boat show here in fort lauderdale more than $900 million will be generated in direct sales so yes, there may be a little bit of a drop-off but not among the rich apparently buying up their super yachts to go wherever they want. liz, back to you. liz: i had a wealthy friend who had a beautiful large boat and he said you know what having a boat like this is like, liz? it's like standing in a freezing cold shower watching hundred dollar bills go down the drain. ashley: [laughter] liz: it's like dude, enjoy it. ashley: quite a description. liz: they are costly and i get it, but boy they are so much fun. ashley, thank you. ashley: they are. thank you, liz. liz: about to close out the first trading day of november and the whole week. the closing bell ringing in about three minutes earnings from the biggest names this week including five of the mag7 stocks, sparked a tug of war between the bulls & bears but

the bears have control for the week the dow and the s&p are looking at the second down week in a row and the nasdaq looks to snap a seven week winning streak. all right, october officially in the books so start the clock, a halloween candy will begin starting to turn stale at the moment so let's take a look at how stocks fared during october. bringing up the rear, worst performers in the s&p, corvo, n-phase energy and the best, united airlines, raymond james, and carnival. all right, but we're in november. whose going to come out on top, what sectors? joining me now regions chief investment officer alan mcknight. spin it forward for us, alan. >> well i think we'll see some of the same trends we've seen over the last month, which is a bit of a rotation as we see the laggards bigging backupp again so looking at what amazon and google and alphabet have been able to deliver so it's all about earnings and finishing

the year with strong revenues and strong operating margins. liz: so you believe amazon, alphabet and meta will do very well. now, we just got earnings from all of them, and so we get a window into a lot of what they plan to do, and that means spending billions and billions of dollars on ai buildout. aren't you a little concerned that maybe people are too concentrated in those names and should perhaps spread out to other secondary a.i. plays? >> you make a great point and we are a little bit concerned that if these capex deliveries and the spend don't actually see follow through, and the old add age of those that don't remember history are doomed to repeat it, we saw what happened you're doing the tech bubble when people went out and spent and they weren't able to deliver revenues associated so we're watching closely and we think in 2025 we'll see a little bit of that follow through but if they aren't able to deliver on that we'll semitism see multiples compress, so we're watching

really closely and secondarily, you can look at some names in the industrials that are on the electrical component side who can benefit. you're also still looking at some of the utilities that can benefit. so it's not just those names. you get some of the secondary and tertiary a plays around the. liz: always nice to have a few utilities because they pay out nice dividends, right? >> if you told me 10 years ago you'll be talking about utilities as a growth play i would have said you're crazy, and yet here we are. i think reality is you get great dividends coupled with you get the associated play with data centers and growth in a.i., so it's a nice little trade. >> [closing bell ringing] liz: folks markets in the green today, in the red at least for the week. election day an the federal reserve meeting next week you've got to join the "clayman countdown." larry: hello folks welcome to kudlow i lry