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tv   The Claman Countdown  FOX Business  November 8, 2024 3:00pm-4:00pm EST

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doing running clubs, going to home depot and looking like they immediate help and helpless. -- need help and helpless. speed if dating is coming back. there's a real desire to not commodify other people and looked at them in as something the swipe left and right on, almost as if you're purchasing another -- charles: right. >> -- an entity and their worth based on where they went to school and how tall they are in a gross and yuck yucky way. there's a backlash, and people want the their meet cute story to tell their grandchildren. charles: and at some point, you do have to meet the person. >> the woman who found her current boyfriend by lying and saying she needed help at home depot is my hero. [laughter] that is amazing. i love a man that can get his hands in there and fix something. charles: all right. ladies, thank you both very, very much as we pats itoff to my concern pass it off to my hero, liz claman. [laughter] liz: on the shoulders of our real heroes, we are going to show you some of what happened last might with our servicemen
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and women. oh, you're going to love that. in the meantime, you're going to love this if you are a bull and long equities. after a ground breaking week, we've got a ground breaking moment for the s&p9 and the dow as we kick off the final hour of trade. let's look at the s&p. the broader index crossed the 6,000 level for the first time ever today. can it close there? right now we've got the s&p at 6,004. the history-making moment occurred just before 1 p.m. eastern time. the broader index on track for its 50th record close when it blasted to the 6,000 level led by axon, the maker of tasers and police body cameras. axon's an earnings story. they double beat quarterly earning, but a big part of the spike to 6 thousand coming from tesla -- 6,000 coming from tesla and the trump trade. a 22-year high of $322 change. reclaiming its $1 trillion market cap, it reached and then lost back in 2022.
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okay. so tesla jumps 8.7%. why is this a trump tradesome not because the president-elect is a fan of evs, he's not. he wants to erase electric vehicle tax credits, and he is often mocking environmental regulations. but the trump trade comes in with tesla ceo elon musk who campaigned for donald trump and spent $130 if million to help him get reelected. so to with trump's win comes a huge wind pal for tesla investors -- windfall. week to date shares have soared nearly 30. tesla, or by the way, is the fourth best performer on the s&p 500, the second best stock on the nasdaq. anyone -- any gain for either the s&p or nasdaq will mark fresh records. the dow right now, it's got its own drama today, and it's a positive thing if you are long the dow, certainly. the dow up above 44,000 for the fist time ever. first time ever. it needs just a half a point gain at the close to set a new all-time high. right now it's the up half a
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point, it's up 3211 full points -- 3221. but the election of the drill, baby, drill candidate, trump, has the energy complex in the cooler at the moment. crude oil, nat gas and arbob gasoline -- that's wholesale gasoline -- are down at the moment. and week to date they're barely cracked- 1-2 to the upside while the dow and the s&p have spiked 4% apiece and the russell gets the gold medal performance 8%. the trump trade is dousing chinese stocks, that's for sure. the president-elects has made no secret of his plan to slap 60% tariffs on chinese-made imports. right now waymo down7%. jd, same thing. pin if duo duo, 6.7%. alibaba down 6%. overall, this bull run for most equities is pretty epic with the s&p having its best year of -- week of the year, russell 2000,
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best week since june of 020. of right to the floor show, let's spin it forward. stifel chief policy separate gist brian gardener and art hogan. art, i was looking at your notes. i think you had a year-end target for the s&p of 6,000. and here we are a month and a half early at 6,000. are you already changing your outlook, or do you think it kind of middles around here back and fort? >> yeah, i think it's probably too late to be making major changes. we have to come out with our 2025 the targets pretty soon. i would say, i think you and i talked at the beginning of the year and well into july, and you thought i was being aggressive with that target. so it felt pretty brave for most of the year, but certainly glad to see we're able to ride the wave of better earnings growth, economic growth and, certainly, a fed that has finally pivoted to move the s&p higher for double-digit gains for two years in a row. liz: yeah. let's not forget the fed which cut rates yesterday by a quarter of a percent.
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and, you know, normally that would be huge news, but it is such, sort of taken not the backseat, but maybe the side car at the moment, brian, because the election and donald trump's re-election has really vitalized this market which was already running pretty hot, right? >> yeah. i'm a little surprised at the strength of the rally, because i thought a lot of it was baked in. it was not going to be the surprise that 20 to 16 was, so i was expecting a rally, i just wasn't expecting this much of a rally. it has been a little surprising. liz: but when you're talking to the clients, because your job so to help them game what's going to happen in any given administration, you did expect equities would get a bump, but you also called that treasuries might melt down with their yields going up, and that is exactly what has played out, has it not? and what's the message behind that? >> i think it's a mixed message. i think there's a little bit of a renewed growth story, a higher growth story. there are concerns on the fiscal situation that higher deficits
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that could come out of trump policies could send the bond market lower. and then the trade situation. which is just uncertainty and probably weighing on the market. so it's a little, it's a mix of a couple of factors. liz: yeah. well, the belief would be that tariffs donald trump the has talked about might be inflationary. that said, art, you've been trying to game in this as well, the sectors that might have a longer vapor trail of strength here beyond just this first week because donald trump doesn't get into the oval office until january. what are you saying people need to position or move on the chessboard at the moment? >> i think the three, you know, two that are very much consensus, but the small caps, the russell 2000, which is still below its all-time high which put in back in 2021 and the gap between the small gaps and -- caps and large caps hasn't been this wide going back to 19999, 2000, i think nestly-focusedded call caps have a chance. i think the second sector that
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really could get some tailwinds here and has propelled nicely this week are the financials. obviously, the potential for a lighter regulatory touch comes into play. a steeper yield curve, certainly. but stimulated economic activity's going to pick up loan demand for the, you know, money-centered banks both from institutions and from consumers. so our two plays there would certainly be jpmorgan and visa. and third, the more controversial call, and you talked about it at the beginning of the show, is energy. i think the fear is having a drill, baby, drill mentality and cutting restrictions is going to all of a sudden produce a massive amount of oil product in the united states, and we're basically at capacity. it takes years to bring new capacity on, so i think the thought of us oversupplying especially with energy companies that have grown a great deal of discipline in the here and now is probably not in the thought process. i think what actually happens is we continue to largest producer,
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but we don't grow the way we've grown over the last three years, we have moderate growth, and china demand eventually comes back where it a hasn't been for three years. liz: let's let our viewers know that we have the ceo coming up of the company that provides 30% of this entire nation with its natural gas, williams. so we're going to ask him about what he anticipates and how to do you ramp up that production. it doesn't just happen overnight. brian, one thing for sure, we have seen today that despite the postelection cube exuberance, we've -- exuberance, we've started to see some consumer names sevenning up warning flares in their concerns calls and not hitting certain targets that make investors suspicious or to concerned that, for example, airbnb. we've got monster beverage, pinterest, bath & body works, sweet green, capris holdings. a lot of them are starting to see the consumer wobble just a bit. what does that tell you? >> well, i mean, part of that is
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not the consumer story, it's the trade story and the possible tariff story. the consumer has hung in there stronger than anybody expected. i mean, if we go back a year or whoing ago, we're waiting for the consumer to turn over and the consumer's always hung in there. maybe we're finally at that point in the cycle where consumers are going to start start to show a little weakness, and that's certainly going to get the fed's attention going forward. liz: yeah, i would think so. what sector do you feel most confident about investing in or telling your clients to invest in right now looking ahead to the next four years? >> oh, i think art touched on it which is financials. and i'll just hone in on banks and regional banks. liz: yeah, regionals. that's interesting. >> lighter regulatory touch, better yield curve, better m&a environment. that a part of the story may not be as relevant for the regionals who may still face a little pressure on getting their deals approved, but certainly for mid-sized banks and community banks, they're going to find an
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easier path for consolidation. liz: yeah. although less regulation, that that really gives regionals a bump. >> absolutely. and that's something that can happen quickly when there are new heads of agencies in place. so we could see that happen very quickly in 202025 -- 2025. liz: art, 44,000, you and i go way back, i think, when the dow was at, i don't know, 6,000? [laughter] can you believe this? >> don't tell anybody that. we're not that old. liz: we're not that old. we're young at heart. great to have you both. thank you so much. tesla not the only e vexer maker on the move today. we're looking at rivian january and lucid also driving in the investor lane but one is headed for the offramp. the story next ?roo. and later, israeli ambassador to the united nations danny a danon is here with the latest on his country's merge airlift of israeli soccer fans in amsterdam after widespread violence and attacks. that and more when "the claman countdown" returns. dow jones industrials up 356,
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and keep your eye on the s&p. it stands above 6,000 right now. can it close there for the first time? the. ♪ ♪ ♪ king? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.
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liz: fox business alert, it's up, up and away for upstart. take a look, 45% gain here. the a.i. lending platform hitting a 522-week high after a quarterly results beak beat. it's a lending marketplace that uses artificial intelligence to assess borrowers' creditworthiness. the firm's loss narrower than expected and predicts fourth quarter revenue will come in higher than estimates. tost shares delivered a double beaten on third quarter resultses, also boosted its 2024 guidance for adjusted ebitda.
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the stock is hitting a 2552-wee. after starting the session higher, lucid shares have kind of lost it at the moment. they're driving in reverse, down about 1. the ev maker reported a third quarter earnings beat, but sales were a little lighter hand expected. investors focused on the launch of the new suv called the gravity, starts at $80,000. the company said it is on track to start production of the gravity this year. ev truck maker rivian getting the opposite reaction even though it, too, missed wall street's sales expectations. the company blaming its revenue miss on production disruption and a challenging consumer environment. but the stock is up 4.33%. its profit loss was also wider than expected, but rivian said it remains on track to report a, quote, modest profit -- modest positive gross profit in the third quarter. president-elect trump has vowed to open the oil spigots on day one of taking office. is that why energy
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infrastructure giant williams companies is hitting a 9-year high? the ceo of the firm that provides the u.s. with a third of its nat gas is here live. that is next. we're coming right back. ♪ if tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours.
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visit indeed.com/hire liz: with donald trump set to take the white house in january, there are many questions swirling around what it means,
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truly, for the energy sector. during his campaign the former president repeatedly said he wantses to slash energy prices -- wants to slash energy prices. >> as soon as we open up the gas spigot, the oil and gas, you know, we had $1.84. you know, i used to say $1.87. i was corrected by the government, by the government manual. so i said, i'll take it, 3 cents. but we had $1.84 gasoline. did you like that? if how does that sound? [cheers and applause] today you're at $3.75. we're going to drill, baby, drill. [cheers and applause] and i will terminate the green new scam, is and we'll cut your energy prices in half. 50% within one year from january 202th. [applause] 20th. liz: but it you cut energy prices in half, could that be a
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negative for oil companies? some oil industry backers actually fear that, you know, upgrading and increasing supply too quickly could tank prices and in turn oil company profits. here's this politico article tackling the issue with the headline, will trump's win be a victory for the oil industry? let's get to the company who provides nat gas to a full one-third of the nation,women yams companies' ceo alan armstrong. williams companies. there is the belief that you increase supply and prices get cut in half and they suddenly sag, don't your profits sag? >> yeah. well, you know, just focusing on natural gas for a moment, the u.s. has plenty of low cost natural gas reserves. if if you look at what the price is back in the areas that they're produced, we have very low gas prices back in the rare of production. the challenge is the infrastructure. so it's not, it's not a drilling issue, it's not a supply issue,
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it's the kansas of the infrastructure -- the cost of the infrastructure in between the low cost supplies that we have in the u.s. we have, we are so blessed to have such great independent producers here in the u.s. that have learned to continue to to lower the costs of getting the product if out of the ground. but the environmental opposition and the difficulty with our permitting processes puts a very large cost to get the gas, natural gas in particular, into the markets that can take advantage of it. and so the president's actually spot on in terms of our ability to lower prices to the consumer without damaging the producers because what we really need to do is build the infrastructure out allow us to continue to build the energy that's out there. liz: i see. >> it's a real opportunity, frankly, that is -- and really the only losers in that are the people that are wanting to stop any and all infrastructure here in the u.s.
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liz: or the other losers could be the russians who would hate to see -- >> absolutely. liz: -- the u.s. start exporting our liquid natural gas to europe so that they don't have to depend on russia for that. and that would really destabilize the russian energy complex, would it not? that's actually a good thing, correct? >> yeah, absolutely. lng's a great example of this. if you think about it, we're constrained on lng export if facilities today and, therefore, the price that we're charging and the price and the market price that goes into europe and goes into some of our allies is much higher than the cost of production here because we have a constraint on the infrastructure. if we free those constraints, we're going to see the prices actually lower, be able to lower as well to our foreign allies. liz: let's just articulate the constraint. and it is that the biden administration had halted the approval process for liquified natural gas export permits, correct? >> correct. liz: and in doing so, obviously
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that kind of puts a halt on its which is interesting because i thought president obama was all for it, and he really wanted to see those kinds of things start to build out. and he had declared that we should be totally energy independent. and we are now, certainly. in fact, we're outputting about, i think, record numbers here for fossil fuels at the moment. >> yeah. and we have an opportunity, you know, we used to play defense as it related to our national security on energy. today we're in a position to play strong offense as long as we will build out the infrastructure. and, by the way, that infrastructure is not limited the the the gas pipeline industry or the lng facility industry. it really is also our transmission capacity here in the u.s. and the difficulty building lithium mines. any kind of infrastructure that we're trying to build today is very difficult. is it's not -- while natural gas
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pipelines, i think, will be a big beneficiary, really the biggest beneficiary will be the consumer. if we can get the low price gas to them and not have the cost of building out the very constrained infrastructure, that's really where the opportunities are. liz: forgive me if i'm not saying this right, but wouldn't that hurt your bottom line? if the price goes so low, what happens to your margins? >> yeah. you know, our business in the pipeline industry is, our costs are regulated for the existing capacity that we have. liz: right. >> so much like a utility, the capacity for that -- but the cost of building new infrastructure becausest gotten so difficult finish it's gotten so difficult to build new infrastructure and it's so risky to start a project and get it stopped, we've had two major projects into new york city that would have dramatically lowered the cost to the consumers and lowered emissions because it would have taken them off of fuel oil. both of those projects were stopped in their a tracks. and so that was a perfect
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example of the kansas of building infrastructure -- the cost of building infrastructure. and guess what? when the next project if comes up for us to go into new york city, we're going to say, you know, we're not really interested in putting at risk another $500 million to build a pipeline to have the it stopped. so that's exactly what happened in those cases. we spent $400 million in one case and $170 in the other that didn't produce any if good for our country other than raise the cost to capital that it takes to bring the pipeline -- liz: i know you are a smart businessman. you're always not just, looking 10 feet ahead of you, but 100 miles ahead of you. this entire week, alan, the temperature's been 80 degrees in new york city. so that means less natural gas needed for -- well, i guess you could say we need air-conditioning, but really less for heating in the precise time that we would start to see heating demand really kind of grow here. what do you anticipate for the climate, and what will be needed from companies like yours?
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>> yeah. you know, the good news is from a williams standpoint, we have been very focused and if we take it very serious, our ability to lower the methane emissions associated with our operation of our systems. we've, we are part of ogmp 22.0 which is -- 22.0 which is an international organization focused on methane emissions reduction. and we have set our target at.00375%. that is getting pretty close to 00. liz: good for you. >> that's not -- and we're well on our way to making that happen. great producers like eqt and expand, big with gas producers upstream of us are also dramatically lowering their emissions, and we're working with them to measure that and certify the he missions lowered on that -- the emissions. and frankly, we take that as a great challenge as a company, to be able to show we can run this business and dramatically lower the emissions -- emissions. and by the way, the only reason i think people miss this, the
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only reason that the u.s. today has been a leader in emission reductions since the paris climate accord is because we converted a lot of our power generation in the u.s. here from coal to natural gas. liz: yeah, on our own to. >> we have the opportunity to do that around the world. yeah, and that was without subsidy. that wasn't a matter of the government having the pay for that. that was just because we were able to do it at a low cost. and so if we can translate that to the rest of the world by lowering the cost of building out the infrastructure to be able to reach out and serve those markets, we can dramatically lower emissions around the world. liz: i like that story. i absolutely like that story. my producers are wrapping me, but i am so interested to to know the iran piece if we could just get a quick answer on that. don trump is expected to put -- donald trump is expected to put maximum pressure on iran and its oil supply. of how will that play out for you guys? >> yeah, you know, i think that's needed to be done for a long time. it's kind of amazing to me, frankly, that we put ourselves in a position of taking --
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loosening and not really enforcing the sanctions with both venezuela and iran for the sake of having lore gasoline prices here when all we needed to do was encourage the infrastructure and refinery builds here in the u.s. and that's really what's the secret to that, not increasing oil production overseas. liz: alan -- >> i think some common sense is going to be awesome. thank you, liz. i really appreciate the time today. liz: it's great to have your perspective. william companies' alan armstrong. see you next time, okay? thank you. >> thank you. liz: boy, hundreds of israeli soccer fans hunted down and viciously attacked in the netherlands. the violence occurring after a dutch versus israeli soccer game. we get the latest on the situation in amsterdam and israel's move to evacuate victims when israel's ambassador to the u.n., danny danon, joins us live next. dow is holding on to gains of 308 points and above 44,037.
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>> and i wake up my son, this is a bar mitzvah for us, and this is a gift for him. we put brazil flag on our back because we understand that we are israeli, and we take uber to hotel and we go to airport. this is not a situation that i expected for him. >> [inaudible] [inaudible conversations] >> here we go again. not afraid. >> remind people what happened in the holocaust in europe, jewish people be scared all the time. liz: we are getting the first accounts from the survivors of last night's hou can. violence broke out late last night after a soccer match. israeli fans were chased, kicked, beaten and hit by rocks
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after calls went out to attack jews. the violence reached such a boiling point that riot police had to be called in, and israel's government is coordinating with national airline el al to evacuate jews from amsterdam. there are four evacuation flights scheduled to arrive today, two more tomorrow. with jewish people suffering attacks reminiscent of world war ii europe, does this put president-elect trump's victory in sharper focus as he is the self-proclaimed ally of israel, joining us now, body to the u.n., danny danon. let's start with this terrifying display of anti-semitism in amster cam. what is the latest on the evacuation flights, how many people have arrived, how many more does israel want to see evacuated back to israel? >> we opened an emergency room in the ministry of foreign affairs, and we have contacted all the israelis. a few of them -- we were worried
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a few of them were actually kidnapped, but we touched base with all of them, and we are coordinating their safe return back to israel. most of them will be back over the weekend, will be home with their families. there are still israelis in hospitals. people were stabbed, you know, we're getting the videos, horrible pogrom in the streets of amster.com in 2024, and i expect more from the dutch authorities -- amsterdam. when the game ended, also we sent notification before the game that we saw on social media that something will happen. and unfortunately, when the fans came out from the stadium, there were no police out there, and that's why the radicals took advantage of that. liz: well, we all know that soccer games under any circumstance can get violent. i'm surprised there weren't police there. what have your initial investigations show that started this? >> well, it was initiated and orchestrated. it wasn't just a fight between fans. it all comes with the incitement against israel.
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you see them blaming us for genocide and other things, a those radicals, muslim radicals we have to state, muslim radicals in amsterdam planning in advance. they were waiting in the subway stations, in the bus stops in order to to attack the israelis who came out. you showed some were young kids with parents getting out of a game, and all of a sudden they have to hide their nationality. they actually checked if they speak hebrew, they took their passports and they threw people to the canals in amsterdam. that is outrageous. liz: and in this has been documented. >> everything is documented. and i expect that the dutch authorities will arrest more people, will duty them. i don't know if they can expel them or not, but it's a threat not only to israelis. it will come after the dutch citizens also. liz: you know, to hear that first gentleman say that he put a brazilian flag over his israeli backpack if to hide the fact that he was israeli is really, really disgusting when
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you think about where we were back in 1933, '34, '35 and then, of course, the holocaust and how far we've come and now we're right back there. it really is very frightening. we just had this election and there was front and center both candidates trying to say and make their case for israel or at least for the jews and how they stood. clearly, donald trump resonated more. how does israel see this victory? >> well, we congratulated president trump. we have walked with him. he did great things during his first term, moving the embassy to jerusalem, pulling out from the iran deal. you know, we just saw that the iranians actually planned to to assassinate president trump before the election. , irgc actually paid people in order to kill the candidate, trump, because they didn't want him to win the elections. i think the u.s. will have to deal with this threat of iran, not only to israel. liz: well, we were just talking with the williams companies' ceo
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about the pressure campaign that donald trump is ready to put back on the iranians. how do you see that sort of -- what kind of response will you see from iran about that? if i mean, clearly, the attacks, the retaliation, israel versus iran and iran attacking israel once again back and forth, how does this end, danny? >> before we speak about the administration, we are two months and a half, and i would say to the iranians, don't make that mistake. don't make the mistake. we are watching, and if you will attack us, you will pay a heavy price. we have proved that they are vulnerable. we can get to any target in iran, and i hope they will not repeat the mistake they did in april. liz: well, do you think that they will try in these last couple of months of the biden administration if to do that? and keep in mind, the biden administration has a whole bunch of ships right off the coast in the mediterranean ready to step in. so it's not like there's been no movement from the current administration, but do you think iran would test that? >> well, they have done it twice already, liz.
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and we appreciate the support of the u.s., and i think it's meaningful that you have the aircrafts and the vessels mt. middle east. that's ooh the language they -- that's the language they understand. i think the european government should understand how to deal with those savages. in belgium until recently, they had legislation that you are not allowed to arrest anyone after 10 p.m. believe it. liz: when all the a bad things happen. >> attacking synagogues at night. now they are changing it. so i think the europeans should change the way they act against terrorism and against those savages. liz: and quickly, on top of all of this news, prime minister benjamin netanyahu just fired his defense minister, gallant, and replaced him with finance minister katz -- i'm sorry, foreign minister katz. there's a lot of upheaval here, is there knockout? >> well, minister katz is very experienced. we have a strong military, strong system. also in the u.s. administration
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you have change of guards. so i'm not worried about that. we will continue to be focused on bringing back the hostages. we have 101 hostages still in captivity, and we are focused to bring hem back home. liz: may they come back home safely. we would love to see that. thank you. danny danon, ambassador to the united nations. >> thank you, liz. liz: great to have you, thank you. president-elect trump will have many decisions to make when it comes to his role directing the u.s. military when he becomes commander in chief in january. but taking care of our veterans is not a tough decision at least for one charity that is very near and dear to to my heart. you guys know, building homes for heroes.org, we give mortgage-free homes to injured veterans, gold star families and first responders. it all started after 9/11. the organization, we began with helping to build one single home in staten island. we are going to gift our 400th customized home on pearl harbor day. and last night we held our annual gala at the new york
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stock exchange, and we want to bring you to it. so please watch. ♪ liz: with the sounds of fdny emerald society pipe and drums as our backdrop, team "claman countdown" walked on to the floor of of the new york stock exchange. i got catch up with army special hugo gonzalez and joel that vera. market rebellion star jon najarian was among the vip guests. >> we love our heroes. liz: fdnyfy -- fire fighters posed with the founder before adding another $35,000 to the $800,000 they've already donated. i was honored to be the master of ceremonies and was joined by a gospel singer -- two gospel singers. ♪ ♪ i need you to know -- priz liz.
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liz: -- who brought the house down as the hero veterans arrived. these servicemen and women have lost limbs, eye sight, suffered traumatic brain injuries, they've endured countless surgeries and financial struggles. but thanks to the generosity of donors like lowe's, jpmorgan chase, pfizer, amazon aws and many more, they have not lost their dignity. they now all live without the or worry of trying to pay off a mortgage as they heal from the devastating wounds suffered fighting for america in iraq, afghanistan and else where. renowned artist steve penley painted lady liberty, and the piece was auctioned off at the end of the night netting $15,000. lowe's executive vice president of stories joe mcfarland was honored with the 2024 crystal award, but he had the surprise of the night when they called up gold star mom and building homes for heroes' volunteer cherie phillips to tell her they were paying off her mortgage.
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[applause] that was such a great moment, i can't tell you. folks, it was such a magical night. we raised $13 2,000 last night, but we are not done of reaching our goal of $200,000 by monday, veterans' day. can you just help? en i don't care if it's $5, if it's change that you find in the couch cushions. just go to building homes for heroes.org, and you can click on that. see that big red donate now page right on the front of the site? whatever you give us, your contribution will go to helping this organization build homes. and we are going to reach our 400th mortgage-free home by the end of this year and 500th by the next year. so, again, it's building homes for heroes.org. i mean, you see our guys up on stage. they are such heroes, and we all get to do what we do because of them. so thank you. i hope you donate. we appreciate it. all right, the who's who of wall street jockeying for
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position and influence in a new trump administration. charlie gasparino next about the players involved. ♪ if. ♪ ♪ no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management your business needs a network it can count on... even during the unexpected. power's out! power's out! -power's out! power's out! -power's out comcast business has you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliability. plus advanced security. let's power on! power on with the leader in connectivity. powering possibilities. comcast business. power's out.
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liz: now that president-elect donald trump is set to take over in january, we've got some old
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guard from his previous administration up for jobs as well as some new names, and those include a few wall street movers and shakers. shar my gasparino. >> -- charlie gasparino. >> just so you know, one of the hard things about this election process, and i'll give you an example what's happening here. so a bunch of names get thrown into essentially a pot, is what's going on. there are about 20, 25 people throwing names in the pot saying this guy should be this, this guy should be that, the gal should be in this. on and on. and then it goes through a sieve. the sieve is howard lutnick on personnel, linda mcmahon on policy. howard lutnick, as you know, the ceo of cantor fitzgerald. it's donald trump, his new chief of staffer, it's don jr., it's eric, and then you get the sort of -- you get narrowing. you're going through the sieve. right now these are names that are being thrown up, and we should put the chart together because it's kind of
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interesting. dis, again, one of the problems they have -- and, again, one of the problems they have is you don't want a replay of last time. okay, last -- in 2016 there were at lot of people who just didn't believed in the trump agenda, you know what i'm saying? liz: yeah. >> you want maga types. there's mark -- i always mispronounce his name, the gop sec commissioner, hester peirce, the current, another sec commissioner. liz: pro-crypto. >> they're both pro-crypto. they could be the chair of the sec. dan gallagher possibly, but we've been through this in the past. you know, he's starting to make money at robinhood. chris giancarlo could have a role. he is on the transition committee, i can tell you. so those are the sort of names. again, i would say dan is the dark horse. let's go through some other
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names. rfjk, i don't think they're going to give him a cabinet position guys oned -- based on what i'm hearing. the exam you have to go through is huge, as you know, he's had some issues in the past with substance abuse. does he really want to go through all that. it'll come up, trust me. a.g. is a big, is a big choice. jay clayton could be a.g -- liz: former sec -- liz: really? >> he also could be cia chief. the lead of my story is jay clayton put a hit. out on on somebody. there's a story i wrote about somebody. and you sometimes have to eliminate foreign enemies, and he's a really nice if guy. he probably can, okay in mike pompeo, secretary of defense. one of the negatives with pompeo is that the real hard core maga crowd, which is much more isolationist than mike pompeo, is against him.
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i mean, tucker carlson, for example, has the president's ear, don jr.'s ear. he's not a big fan of mike pompeo. that would be my worry about that. secretary of ate's interesting. marco rubio -- state's interesting. marco rubio is high up on the me florida senate. he can be really good. rick brinell is high up on the list. liz: ambassador to germany. >> he had a high ranking job at end of trump one and ricking is close to the president and elon musk is pushing rick. and elon musk has trump's ear. liz: sure. >> that's where we're going there. commerce secretary, inula deck man was there in the past. vivek ramaswamy, i hear that. he'd be a decent choice. liz: robert floated as trade
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representative again. >> again. that's maga policy. he'll use it as a bargaining tool. that's what he did last time and he's been there and since he's been there, that's good for the markets and they'll probably like this choice. this is a moverring target. there's a lot of back and forthright now. all the names are being thrown into the pot and going through the sieve. we don't know where it'll end up. it's -- you know, howard is running it, but -- ultimately it's the man at the top. liz: think howard wants a job? i think he does. >> i don't think he is. liz: really? being a member makes you rich in >> no, here's the thing. this is not a critique of all this, it's hard when you have kids and private schools and work in the private sector and make money and give it up and put it in the bank or whatever
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behind trust going to the administration. that's ban gallagher's problem and robinhood stock is finally going and you happen kids and whatever. s&p having best week and snapping a two week losing streak. liz: nasdaq, dow and s&p on track for records right now and can we before we get to eric, check the donation board for building homes for heros. we've jumped more than $5,000? just the last few minutes and you guys, thank you so much. since we asked you to donate, it's all coming in and trying to hit 200 grand by veteran's day. go to building homes for heros.org to make any contribution you can. thank you so much. u.s. bank asset management cio eric friedmann is here. eric, nvidia joined dow jones industrials today and hitting another record and it is the
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first company to hit 3.6 trillion. ai chip trade is hot right now and do you see any cooling off or are you saying b buy? >> liz, we like and think it's a opportunity and especially as we get more clarity on tech spend. technology companies are generating a consist cash flow and re-investing back in the business. we'd not be on the sidelines for long in technology. liz: what you love right now, eric? jot consumer is still strong and look at tail winds we have respect to lower interest rates and herbal the front end of the curve as well as ongoing participation for more sattures list and it's a opportunity and we think that for a consumer
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discretionary and industrials, industrials have been really a a trigger spot and think cash flow reads and owning cash flow and some dividend paying equities and because cash rates come down, cash has been placing people there to hack out and time to migrate out and more productive assets like dividend paying stocks. liz: great advice. thank you, eric good to see you. folks, it is a record however, will the dow -- it's to close to call and close above 44,000 and it's by three points and s&p too close to call. will it close above 6,000 for the first time ever? we don't know. but everybody is looking a

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