lauren: it's true. charles: when we lived in the projects, my mom bought a lot of plants. japan launched a wooden satellite. will it work, lauren? lauren: yes and maybe when it blows up in space, a million parols don't destroy the atmosphere. i'm going to say no, it'll combust. charles: elon musk has nothing to worry about. thank you very much. liz claman, wooden satellites, what do you think? liz: i think the louis vuitton scaffolding, i took a picture

this weekend. i was there. i was on the rooftop of iman hotel and said have you seen anything? charles: serving gray pew upon up there. gray poupon up there. thank you. liz: stocks are wilting as nation turns into possibly the most watched civics lesson in years. as we kickoff the final hour of trade, gop leadership in house of representatives are going to hang in the balance right now. you're looking live at the house floor as we await any news from the voting process for all the leadership roles. perhaps the most cereal position, speaker of the house in a closed door meeting this morning, president elect trump reportedly said current speaker mike johnson is a "tremendous guy". i'm with him all the way. but nothing is guaranteed here, folks. not when this many people are voting. coming up, fox news' chad pergram and fbn grady trimble there in the thick of the

breaking developments and live team coverage right there at the source. and how is money re-cassioppiing and s&p and dow up 32 and s&p russell 2,000 consumer inflation and matched expectations all the way across the board. october cpi, consumer price index road 2% month over month and 2.6% year over year and core inflation excluding the often volatile food and energy prices rose three tenths of a percent month over month and year over year 3.3%. all four metrics in lock step we con mists predictions, which kind of boosts hopes perhaps that the fed is on track for

another rate cut next month. here's the thing though, earnings still matter a lot when it comes to sector moves. look on your screen. semiconductor stocks getting smacked kicking off final hour of trade and philly stock index down 1.7% and that's on news that ai chip maker amd announced it's chopping more than 4% off the global head count and while amd says the layoffs are part of a shift in its broader business strategy, the city follows a weaker than expected outlook for the fourth quarter, which analysts interpret as perhaps a cooling of scorching hot momentum all the chip maker haves seen.

what will 2025 bring? we have kent fisher looking at how markets perform in the first year of a president schism a lot changes when you swing to 2025 after the inauguration. what have you found, ken? >> when you look at history and thank thanks for having me on, liz. there's a really interesting phenomena in both the first and second years of president's terms. returns are way more volatile and negative years in the first and second and they're actually only up about 60% of the time, down 40% of the time and hard to get through both first and second liz: wonderful could be a

bit of comeback in 2025 and going for the second term now and it's kind ovinteresting and you see that all of the promises that we're making it a little more challenging to reach. so potus doesn't always get what potus wants; right? >> answer that this way. with the exception of when donald trump was elected in its first inauguration in 2017, history of republicans in other years has been challenged by the fact that the hopes get very high in the year they're elected and presidents as i often say aren't kings. they have to put up with congress and courts. this president will have to put up with a very narrow margin in the house of representatives and it'll be hart togged things through -- hard to get things through and a lot of people that were very, very hopeful will be

disappointed but there's one more point that's critical of people not thinking that -- do best in the period between 2016 there was so much umph and then get to 2017 and the stocks were laggards and the president can't get done everything and has to prioritize and people get disappointed. liz: yeah, we'll talk about this later and if elon musk chops away and realizes where are you going to take from. going to be defense? i don't see that happening but, ken, talk about what you are doing at fisher investments and i dug up 13f filing from recent

quarter and five names you added that you had positions in and in fact, you're so smart you started buying several years ago. apple is the biggest position. you added to apple, microsoft, amazon, google, and nvidia so apple you started adding to it at $11 and it was 2017 or so and why are you staying with the mag 7? five of the mag seven? >> s let me make this point, except for during this period of postelection and the president elect and the fact is almost always throughout the last couple of years and almost always on days that are up big tech has done better than market on days it's done big. i believe we move into 2025 and

see reemergence of tech doing well and beginning of the year and we're benefiting right here right now from the falling uncertainty that normally comes from a presidential election. we're getting that in the form of the beginning of hearing who president trump's cabinet will be. we're getting that as per today in the election of senate leadership. uncertainty keeps falling as the government gets pawned and the government begins and the bull market, which you just recently hit all time highs with tech above s&p 500 will continue to move that way and that's why i'm position that had way. liz: we're looking at two year chart of nvidia and pick this one and you started and it wasn't your first position in nvidia and i saw that starting two years ago what was it about nvidia that you saw that made

you feel this way? they report earnings on novembey will you be watching? >> i'm not that much of a short term trader. i don't really have any idea where it'll be when we get to december 1. we're in the term of fairly long rebuild of core of computing and that'll be necessary to get ai to where a lot of people hope and a lot of people hope too soon that is there's too much optimism about how much ai can accomplish in the short intermediate term. there's a heavy rebuild there and nvidia is right in the center of that rebuild.

liz: compare the semis and smc and i recollects don't own that and i'm pretty sure you don't and super micro-going for that and another big chunk and some of it has to do with the fact that accounting firm earnston young dumbed them october 30th and they were questioning the validity of some of their financials and it looks like they're getting that much closer to the edge of being delisted from the nassau county disease and and i want to let our viewers note >> using

different by the one and id oint want to get into too much detail by the one and look at striker, there's too much enthusiasm about it in the short term. i've been wrong about this and, clearly, you can see it's just recently been doing very well post when we've lightened up and it's a bit into the too much a irobot icks hype modality and relative to coming down the pike at it in the next couple of years. the issue on american express is really that i was in prone to visa and mastercard and i learn

that had all out warren buffett said if you're right 70% of the time in the realm of endeavor, in which i operate, in the long term you become a living legend and better get used to being wrong 30% of the time and you'll get hit a lot. it's a little like boxing, if you can't take a hit and keep going, a lot of types i will be wrong. liz: doing well for the portfolio. ken, thank you so much. >> thanks for having me, liz. liz: folk, right out of washington dc and president elect trump will nominate florida senator marco rubio marco rubio for secretary of state. rubio just posted on x "under

the leadership of president trump, we will deliver peace through strength and always put the interests of americans and america above all else. as secretary of state, i'll work every day to carry out foreign policy agenda. marco rubio has officially been nominated as secretary of state. trump is expected to land right now in palm beach, and then we'll head back to mar-a-lago after a busy day in washington dc. and it's still busy and we'll take you in and out of washington dc and keep digging in and dipping into capitol hill goings on and i said it's one of the most fascinating civics lessons is the day where congress votes to make new leadership titles. all right, investors are unloading instacart owner maple bear from their carts as fast as they (&.k find out why next. while the grocery delivery business plunges and kava stock delivering and mediterranean

fast casual chain deli de delivd brett shoalman delivering more news and joining us here on the "claman countdown".. "claman countdown".. don't move. (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.

liz: fox business alerted, bitcoin blasted through the $90,000 level and in fact earlier today it is soared higher past 93,000 and huge demand here and we should look at i bit, i share bitcoin trust because as it hits an all time high, we're looking at i bit at $51.28 up 1.5% and it's the fourth most popular, in fact, the most money going in. fourth most today of all etfs.

there are thousands and thousands of etfs out there. this is no. 4 today. access to rivian cash infusion and going to launch them and going for the partnership in 2027. down 2.5% on the day and investors are trying to save themselves from the disaster that is spirit airline stock. shares are plunging 59% as they bail out of the stock and this on a report from wall street journal that low cost airline is preparing to file for bankruptcy protection. the filing is expected within the next few weeks.

what brought us here? stock's now at $131. spirit not reported a profit in five out of last six quarters and share haves cratered more than 90% year-to-date. reports of spirit's bankruptcy filing come off rival airline frontier decided no to the move farred with a merger. forward with a merger and frontier and spirit going to merge in 2022 but jetblue came in with the higher offer and spirit airlines investors accepted and that deal was blocked by a federal judge. spirit then resumed with frontier trying to partner with the carriers and no avail. jetblue shares are moving higher by 9% at the moment and frontier down 3%. flip it over to maple bear, does business and set for worst trading day ever. down 12% after the grocery delivery companies forecast fourth quarter gross transaction value well below analyst estimates.

spotify, a good one hitting spot for investors and shares are blasting higher by 12% this one is an 11. that that one only goes to 10. no, it's an 11. whoever sells spinal taps. now it's a 12678912% higher on track for record high close after podcast and music stream delivering strong subscriber growth. nice move for spotify. investors are tone deaf with one voice recognition company that every fast food drive-thru uses and ceo of sound hound is here next about the disconnect. we'll talk to you about the business and how it works and by the way, we're getting rave reviews and he felt compelled to

turn the dream job down. he doesn't talk about that often. parcells joining me on the everyone talks to liz podcast to reveal the incredible story about how lightning ended up striking twice and got a second offer to coach big blue. he took it and he won two superbowls at the helm. what he's really most famous for, let's be real. that on your screen getting doused with gatorade after a big win and he was the first coach that happened to and become iconic super bowl winning tradition. bill hasn't given interviews in years and here he s. everyone does talk to liz as much.

thank you, james. am, spotify, i heart and going for them and the dow is up 410 points and right now s&p up 11 and nasdaq in the red by 4. we're coming reich back. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪

♪ i take once-daily jardiance ♪ ♪ at each day's staaart ♪ ♪ as time went on, it was easy to seeee ♪ ♪ i'm lowering my a1c ♪ jardiance works 24/7 in your body to flush out some sugar. and for adults with type two diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital, yeast, or urinary tract infections. a rare, life threatening bacterial infection in the skin of the perineum could occur. stop jardiance and call your doctor right away. if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell ♪ liberty mutual customized my car insurance so i saved hundreds. with the money i saved

i thought i'd get a wax figure of myself. cool right? look at this craftmanship. i mean they even got my nostrils right. it's just nice to know that years after i'm gone this guy will be standing the test of ti... he's melting! oh jeez... nooo... oh gaa... only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ah, these bills are crazy. she

has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer!

each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. liz: voice ai and voice recognition powering more and more dry lumiss across the nation and restaurants like jersey mikes, chipotle, papa

johns and five guys are piling into this technology thanks to sound hound ai. >> go faster and start over, pulled pork burger, lettuce wrapped, brownie, onion wrings, vanilla cup cake,the first, french fries and get rid of the water and scratch onion rings and side salad with blue cheese and delete the brownies and classic cheese berger with american cheese and bacon, avenue co-does, lettuce, pickles and double patty on a pretzel roll. liz: delete the browny. who deletes the brownie. the company beat on top and bottom line with the year-to-date and stock soared more than 197%.

it is selling off today in the wake of a bit of disappointment for its outlook. let's get to the cofounder and ceo. we're in a fox business exclusive. that was impressive work that well? >> yeah, thank you for having me. we've been at this for almost two decades and it's down for them on the line and going for the dream and see what we have in the tock and bring back into real life. it's the devices and computers. liz: star trek it is. i think i speak for a lot of people that in the past have tried to get this right.

how are you training the voice recognition ai? >> yeah, we own the tech and that jordyty of the tech in the products we own the majority of it and last 20 years it's perfect and going overtime and day and that you're billions of data and queri queries and langs and really with alga rhythmic geniuses and going to make the technology better. because we own our tech, we can go back and do it bettedder and make it work for us better.

liz: with jen ai, they've been not quite legally using everything from the new york times to "the wall street journal" and just inputting to let it learn. how do you train these types of voice activation, these types of voice recognition technology? >> we spend a lot of money in the early days and this has been a long time like 20 years and spend a lot of money collecting day taxer but then we have real users from real products and that gave us a lot more data to use. for example, millions of cars and millions of tvs and housing for the restaurant location and going 200 enterprise and going for them and>> cars is obvious

choice but tvs and billions of it devices and speaking is more natural and if you prefer spespeaking and technology wasnt ready and going for them and it's having this vision and technology has to watch up and now the energy is here and people are adopting it and all the product rareds need is a small microphone and you power a lot of products and second tradition a ai customer service. using every business is going to have its own ai agents whether you're a location barbershop to global financial institution. we provide the ai customer service for businesses.

liz: we're pretty much in the first inning of ai voice recognition and your stock over the past year jumping abouting 254%. but you've got to talk to our investment audience before we government what does the path to profitability look like? right now you're not profitable. >> yeah, we're not and we are constantly balancing between the investment and growth and innovation and profitability and financially strong. the financial stacket has been a source of strength and increased guidance yesterday and the loo year and next year and going to be between 80-85 million and next year growing to 65-75 million and growing by end of next year. liz: thank you for having me. trump transition a moving at light speed and you can't see this but i have what are called hot wires coming in right and

left on all kinds of names, we'll get to you and president elect has just meated autobahn bunch of nominations and he's unleashed elon musk on government waste. breaking details on new department of government if efficiency and why musk might have to dull his cost cutting machete if he's going to be re-enlisted. balance of power in congress largely in gop hands at this hour, but which congressional member wills get to pull the levers to push through donald trump's economic agenda? we'll go live to capitol hill and leadership voting unfolds in real type. the claman countdown roming right back.

taking care of mom was becoming a real challenge. i was so grateful to discover visiting angels. mom's visiting angel helps her shower and dress, and she keeps an eye on mom's alzheimer's. and our care manager gives me regular updates. best of all, mom has a trusted companion who cares about her. ♪ visiting angels america's choice in home care ♪ when you're looking for answers, it's good to have help. because the right information, at the right

time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, emergency care and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus, you can get medical care anywhere in the country, even when

you're traveling! with humana, you get a competitive monthly premium, and personalized service, from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money! so how do you find the plan that's right for you. one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. oh, we got a weathertech gift card! weathertech is the perfect gift for everyone. may i? (laughs)

laser measured floorliners protect carpet in the front and second row. cargo liner protects the rear. the side window deflector offers more protection. my turn! the sinkmat contains spills in cabinets. something for you too, buddy! pets eat safely with the non-toxic pet feeding system. find these american made gifts or get a gift card instantly at wt.com. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. liz: president elect donald trump just named florida congressman matt gates so serve as u.s. attorney general and tulsi gabbard as director of

national intelligence and they're the latest of many nominations that he has made to fill out his cabinet. the president elect visited the oval office to meet with president joe biden earlier and here's video and current president promise ago smooth transition of power and trump transition team moves quickly with the ammonisment in key posts but one of the most talked about appointments has been a two-fer billionaire elon musk and vivek ramaswamy. both tapped to together lead the newly created department of government efficiency, shortened it's doge. it's doge for short.

they're promising to go after after brock seizure disorders and musk said on x the whole process is transparent and they'll post all of the departments actions online. cutting important and not wasteful and let us know. it's important to know this is not a official federal department and that's the congressional approval and musk promising massive cuts for federal spending and going for them to say exactly what would get the acts.

>> how much do you think we can rip out of this wasted 6.5 trillion harris biden budget? reporter: some think tanks are weary of the department of government efficient life-threatening seizure disorders will be able to address the underlying causes of the growing national debt. namely they say it's going to be very hard to go after popular programs like social security, medicare and medicaid. >> inefficiencies are a real problem and we're skeptical and we know issues with the federal budget and matter of putting into action than it is for another report say hag that action needs to b.

reporter: dean phillips, congressman from minnesota that ran against president biden saying that he was too old to be president again, we all saw thanksgiving how that ended, phillips posted on x that he's a democrat for government efficiency so he seems to be rooting for musk and ramaswamy here. liz. liz: yeah, we should put up a smart, grayy. that's great and seeing waste, fraud and abuse cut out and look at government spending 2024 was $6.5 trillion and medicare and medicaid trump won't it up, $7.9 trillion, defense and other doesn't even equal $2 trillion. $1.96 trillion and i mean, it's just interesting to see that

reporter: these are popular programs and cutting out for them and amounts to $2 trillion and it's early days and we'll have to wait ask see. liz: very early days. >> as you know, senate has advise and consent role in the constitution and we'll do everything we can to process his apts quickly and get them installed in their position. liz: his colleague in the senate picked him over john cornyn of

texas and what's interest asking rick scott of florida, who is the true as people are saying maga candidate, he got the least number of votes. thune will lead the republican-controlled senate but power in the house still up for grabs with 12 races left to be called. the house is still voting for its leadership at this hour. house republicans now control 216 seats, two from a majority and completely unified gop control over congress and the presidency. restaurants like sweet green and more turning how to incorporate automation to braining the customers into the eat up the stock and hitting a record earlier today after a beat and right now there's investors taking profits. it all happens in a single session, folks. the "claman countdown" showing it all to you when we return,

stay tuned. (marci) what is going on? (luke) people love how the new homes-dot-com helps them get quick answers about any property by connecting them to the actual listing agent. (agent) oh! so, i'm done? (luke) oh, no, no, no! we're still not sure everyone knows that we're the only site that always connects you to the listing agent rather than selling off your contact info. so, we're gonna keep you up there a little while longer. (agent) okay, ya! i'm getting great exposure. (marci) speaking of exposure, could we get him a hat? (luke) ooo, what about a beret? (vo) homes-dot-com. we've done your home work. it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%).

this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them. ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? 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

liz: folks, we have a huge show tomorrow. if you like technology and people named gary.

former director of national economic council under president trump during his first administration and former goldman sachs chief operating officer gary kohn is now a vice chairman at ibm. he'll be here. outspoken a icon train and nyu pro-- ai contrarean and gary shapiro are all here on the claman countdown tomorrow at 3:00 p.m. eastern. set your dvr if you cannot tune in live. but i've decided i'm not going to forgive if you if don't tune in live. call us. join me live. we've been talking so much about ordering at fast casual restaurants during this show. now, there's a major deal in delivering the order. many morning it was official, just eat, which is parent of grub hub is selling grub to food hall delivery startup wonder and $650 million.

the grub hub restaurant partner directly in the wonder app will all come together. right now just eat take away.com, the parent of grub is climbing about pennsylvania 15%. he founded diapers.com, jet.com and he's a big one and he'll probably take take it public at some point and promised he'd come here first to tell us that. at least i'm saying it. food away from home prices went up 3.8% year over year and at home prices and rose 1.1% pace and facing elevated costs and they love mediterranean chain

cava and the same store sales surged 18.1% and total revenue grew by 39% over the past year. what is it that they're doing? s that them jumping like this? joining me to dig into the results is cava group ceo and cofounder brett shulman. people love cava and there were a couple quarters into your publicly traded company and what drove the number this is time around? >> liz, it's great to be back with you. what you're seeing is kind of a tipping point of what we've been building for 14 years and growing awareness and appeal of our mediterranean cuisine and bringing that to market in our multichannel format and great value proposition that's resinating with consumers. liz: average price of products and cpi and it's big news and average price of cava increased 5% in the third quarter s. that input cost osar why does that

coup? paying employees more? >> year over year is 1% and include mix, it goes to 5%. only price increase we took this year was in january at 3%. little bit less than 3%. when you think back from the time period from the end of '19 and end of $23. only 12 $ '23 and department of labor noted fast food increased over 30% and as we've been able to expand restaurant level margin in recent years, take some of that restaurant level margin and reinvest in the team members and reinvest in the guests and price increases and they can afford their favorite cava meal. liz: you're up to 352? >> yes. liz: are you going to stay at the 11 number pace or increase? >> we went public and talked about 15% plus annual am pound unit growth rate and exceeding

about 17, 18% of increased guidance of 56-58 restaurants and gave preliminary guidance for 2025 at increased rate of at least 17% given the health and strength of real estate pipeline. liz: that's interesting to see these because the pendulum does swing and right now it's swinging toward you guys, toward mediterranean high quality healthy fast casual and the sit down restaurants and red lobster and tgi fridays going through difficult times and bankruptcy protection and all kinds of filing ands what do you tribute attribute to that? >> that segment of the restaurant industry is attracting and fast casual growing at pretty good clip, and i think what it is, it's a reflection of the changing consumer behaviors and habits and the ability of this format and model to deliver a great value proposition the cuisine

tasting healthy nights and that's going to help fuel the traffic growth. liz: you have places like sweet green and chipotle turning to automation in a big way. what are you doing coming to automation? >> we think about automation and technology in general to enhance the human experience. not replace. i saw a certain surgeon general noted we've lost 24 hours of human connection each month and people looking to fill that void. screens and technology are infiltrating our every day life and front lines of many concepts and so we want to think about how do we use technology and automation to put the team members in a position to deliver that great mediterranean hospitality and people are craving and 65% of things that come in and have interactive walk the line experience and fill that humanity.

liz: bacon extra, extra extra crispy and burn it. if you want the extra fade pattern laugh fall or extra crispy falafel, walk down and have it in your bowl. l thank yous liz. liz: big gains for little guy and russell 2,000s and small and mid caps up 6% over the election period and some of the top movers include fintech dave, that one is up 146 precious and

battery companies, fryer battery, 107% and another company getting picked. we have phillip palumbo joining us now. we talk about the russell 2000, and i know people are saying, give me stock names within it if i don't want to buy the whole index. look at russell 2,000 names and pick them? >> yes, for the russell 2,000, one major and bio-tech is an area we're investing in the small cap area and we use private partner manager that takes over that area for a team here. bio-tech scenario underperformed market over the past three years and due to rates going up in march of 2022. we feel now that the fed is starting to cut and the activities are starting to pick up. a lot of positives for bio-tech sectors and one area we like a lot in the small cap bio-tech

space performing well. liz: large cap bio-tech going for them picking smaller names and it's harder because they're not as covered by so many analysts and what can you offer investors? >> we use etf to cover any type of small cap dealing with the small cap space align going to cover these very, very low and it's tough to get conviction on some of the smaller ideas and more resident tock it. we really do rely on money manager expertise or etfs. liz: ijr. i-j-r. okay. so let's talk about the big names that you actually likeu le financial space, why? >> yeah, so the trump administration with the pro economic policies and

deregulation and tax policies and i see long end on rates starting to continue to move up with the economic strength that we're seeing. banks perform well in the environment and look at small caps for the election and look at banks and morgan stanley for example and mna side or banks that are focused on mna and perform well and that's going for them moving forward. liz: you like adobe and cutting rates in 10 second. >> my big thing is i don't matter the fed doing the most important and he's accommodated and that's the most important for equity market and too focused on how much to cut, etc.. liz: that looks like what it is. closing bell ringing and dow up 60 points and no record and s&p up 3 and nasdaq down 41. big show tomorrow. don't miss it. lauren: hello, folks, welcome to

ku