political environment that's really shifting. we had the biden administration and now the trump administration and on tariffs, on taxes, on regulation, on a lot of these areas there's a real pivot. and is that's what we're referring to when we think about those winds of change. charles: and this morning the i attack, of course, other geopolitical hot spots, how are you factoring that in? >> the idea is to look through it. the u.s. equity the market has expanded over time, and i think the best course for investors -- course of action for investors is the stay the course. charles: with your help, they will. you've been fantastic. >> thank you. charles: all right, folks, just a really impressive reversal in this market. it's lesson that, hey, it doesn't messily stay down long, and it almost always comes down. taylor riggs in for liz claman. right, taylor? taylor: yes. you talk about the cp effect, i'm just trying the to get us to 4 p.m. thanks, charles. [laughter] that is where we are starting.

welcome, everyone. stocks trying to close up here in the green today. a big rebound from major losses that we had this morning. today it is all about geopolitical risk. now, as russia and the ukraine war is intensifying, you have oil, gold, treasuries all rising. more on that big story in just a moment. elsewhere though within the equity markets, take a look at wal-mart. continuing that great vehicle, right, of a beat and raise. shares right now trading at a record are. lowe's, a different story. investors a little cautious and worried about the state of the housing market. analysts not worried, again, if the trough at the bottom is in just yet. although the all eyes right now are on big tech. it is a safe haven trade today. huge expectations for nvidia. they report tomorrow. we're going to be talking about this as well. meanwhile, we're now on the 11,000 day -- 1,000th day of the russia-ukraine war. fox news' chief national

security correspondent jennifer griffin joins us live now from the pentagon with more. jennifer. >> reporter: deputy press secretary sabrina if singh just told reporters here at the pentagon that the u.s. has not seen any change to russia's nuclear posture, and there has been no change to the u.s. nuclear posture as a result. a senior u.s. official tells fox that overnight ukraine with struck military targets in southwest russia for the first time using u.s.-provided long range strike the fires known as atacms. this comes just two days after we learned that president biden lifted restrictions on ukraine's use of these long range missiles. the predawn attack struck a russian weapons arsenal in southwest russia bordering ukraine. >> translator: s it is a signal that they want to estate the conflict, and it is impossible to use these high-tech missile its without the americans. 9 putinen has said this many times. >> reporter: the attack was just north of kursk, where

111,000 north korean troops --11,000 -- are deployed by russia to assist the 50,000 russian soldiers preparing to retake russian territory seized by ukraine in august. u.s. officials tell me it was putin's decision to expand the war and invite north korean troops in the fight ukraine that led to president biden's rest versal concern reversal. president zelenskyy referenced this while creasing the european parliament today -- addressing. >> putin has brought 11,000 a north korean troops to ukraine's borders. this -- [inaudible] may grow to 100,000. finish. >> reporter: following the atacm strike, russian president vladimir putin signed a nuclear doctrine lowering the kremlin's threshold to use nuclear weapons in response to a conventional attack that threatens rush. >> or belarus' sovereignty. he had warned he would do so in september. reports of a mysterious sabotage of an undersea fiber optic cable that connects finland and

germany came shortly after biden authorized ukraine to use these weapons to target the russian territory. a senior european official told me, quote, we don't know yet what caused it, but the company operating the cable says it appears to have been external impact. such cables are well protected and don't break easily. european if investigators suspect russia as the culprit. i'm told finland is not experiencing any major problems with its internet service because it has multiple connections and was prepared with redundancy. taylor? taylor: jennifer griffin, thank you so much. we're going to go to our floor show for some reaction. goldman sachs' head of oil research don stride, and of course, encore -- [inaudible] thank you both for being here with me. you hear this headline risk, the geopolitical risk. how does that change your world of commodities? >> thanks, taylor, for having us. i think the elevated geopolitical uncertainty in

today's headlines illustrate that hedging value of -- [inaudible] hedging value against -- nation and hedging value against -- [inaudible] while the base case for oil prices is that they remain range-bound next year, we do see some upside risk to prices in the near term for potentially lower supply in particular from the middle east. taylor: how do you invest sort of long term within your world of u.s. equities? do you stay invested through headline risk or on to the margin can you tactically make changes? is whether i think depending on the changes, obviously, reacting to the a war and what's happening overnight is impossible for a long-term portfolio, but there are larger thematics in the portfolios that are kind of evergreen regardless of the geopolitical situation. so you have to decide what portion of your portfolio is tagged to kind of non-economically sensitive, non-geopolitical aspect versus not. taylor: daan, you mention

mentioned you many expect oil prices to remain relatively up changed. do you not expect comments of drill, baby, drill to not bring down oil prices? >> so we do think that potential regulatory easing for the oil sector may significantly boost oil production. several years down the road. but oil prices are a spot asset. they tend to price fundamentals over the next few quarters, and we do think that the drivers of u.s. oil production in the short term are oil prices, technology and shareholder, discipline of shareholder goals from shareholders. so we hi the impact on oil production from any regulatory easing on the u.s. oil sector side may be significant over the long term but limited in the long term. and if we do think the impact is somewhat limited. we do think that's the two areas where the new president and new administration may impact oil prices could be on the positive side for prices. it's enforcement of secondary sanctions on iran where supply

has risen by a million barrels a day, and potentially on the negative side it's not our base case. in our base case, the u.s. economy continues to grow at a healthy pace, but a broader ill position of tariffs could weigh on global gdp, oil demand. those are really the two areas that we're the most focused on, sanctions in iran and tariffs. taylor: and some of those sound inflationary. do you agree with that assessment? if i'm looking at my equity portfolio, do i invest around what happened be sort of this big reflationary trade, or am i confident that we've beaten the fight on inflation and i can invest around that? >> yeah, i think we have to be very careful on inflation, and a lot of the trump policies are, in fact, inflationary. one of the things that can take the exuberance out of this current market, i believe, is both the 10-year and inflation which are inextricably linked. taylor: the 10-year treasury since trump got elected has been rising. today, of course, yields are

lower just a little bit, but in general, yields are rising. what point, is it 5% on a 10-year, where i tart to sue ec by it'ses -- equities under pressure? >> i think it's about 5%. that's the whisper in the market, 5 starts the take things apart. taylor: both of you guys came with hot ideas. you have a great call on gold. walk me through because i've bench watching costco sell gold bars. i'm desperate for a gold bar. everyone, i think, is so excited when you see record after record. why is bold -- gold op on a tear? >> we expect that gold will rise an additional 15% to $3,000 per toi ounce by the end of 2025. on the back of two really positive demand forces. on the structural side, since mid 2032322 when russia's central bank's as assets got frozen, you have seen a fivefold increase many gold purchases by merging central banks. taylor: interesting. >> and we think that's a

structural increase in demand that's here to stay with at loor additional purchases. and on the cyclical side, our base say is the fed's -- that makes gold, which is nonyielding asset, more attractive. so you get support on the command side from rate cuts from the fed and on the structural side where central banks are going to -- taylor: why gold and not bitcoin? [laughter] >> i don't think that central banks are currently purchasing bitcoins globally to a significant extent. and i think the reason is gold has this very long history going back centuries, actually, millennia of being a real asset that preserves its value. and that, i think, gives the confidence to central bankers to go for gold when they diversify their reserves. taylor: you came, sat down in your chair, and you said we have to talk about a.i. there's lots of sort of adjectives that we can use. someone says we're in the first inning, other people say it's 1010 p.m. and the party goes

until 4 a.m. whatever add jekyll ty we use, where are we in this a.i. revolution as we await nvidia in about 24 hours? >> early. i don't know what inning it is. it's pretty early -- [laughter] the great thing about a.i., it's the mother of all cycles right now that we have seen in our careers. like,s the bigger than any singular cycle that we have experienced thus far. and it still hasn't expressed itself. you look at valuations, nvidia today trades at a 20 multiple on 26 numbers. that's' not that egregious, so we're ono where near if bubble territory. and so a.i. is our future. it's not geopolitically sensitive. it is not economically sensitive. and the train has started to move, and there's no stopping it. taylor: you mentioned nvidia. i this -- i think a lot of people are wondering if they've missed the train. you've argued they have not.

are there first the or -- paris or second derivative a.i. plays where i get exposure? >> oh, sure. there's multitude of different companies that you can invest in that are scattered actually throughout the economy whether it's companies like vertiv that just had an analyst say yesterday they make cooling systems for data that centers, there's the nuclear energy plays, you know, constellation energy, talon. and then uranium in order to support those nuclear energy plays. so, or i mean, you can even look at companies like app loven that are deploying a.i. inside of their businesses, and it's incredibly accretive to their business model -- taye and we're starting to see it play out in real earning. >> and so there are a multitude of different ways to express an a.i.-bullish view. but it may take a little bit of creativity since a lot of them have already been uncovered. taylor: well, we really

appreciate both of you being here. thank you both so much. i really appreciate it. and "the layman countdown" will be all over the nvidia report or, or liz claman, we are so excited for, this has an ebb collusive interview with nvidia ceo jensen huang at 3 p.m. eastern only on fox business. meanwhile, nvidia customer super micro not looking so micro. this comes to the stock gains today. you're going to find out why next. and later we're speaking to medical device maker med, tronic post-earnings report. the "the claman countdown" is coming right back. ♪ ♪ meet the traveling trio. each helping to protect their money with chase. wooo! tools that help protect. alerts that help check. one bank that puts you in control. chase. make more of what's yours.

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taylor: we have a fox business alert. super micro computer getting supercharged today. shares of the a.i. server maker rising about 3% --3 3% to the top of the s&p 500 and the nasdaq. this is after the company named bdo as its new auditor and submitted a nasdaq-compliance plan. it will be able to complete the annual report for the fiscal year ended june 30 but did not specify a timeline for its completion. super micro computer's 32-day gain now totaling more than 55% -- 2-day. take a look at shares of tax preparation stocks. heir declining on the session today after a report that the department of government efficiency, we know that as doge, is considering a new app for tax filing. h&r block is down about 8% and turbotax maker intuit down about 5.5%. the doge will, of course, be headed up by tesla ceo elon musk

alongside former gop presidential candidate vivek ramaswamy. a.i. robotics company symbiotic is gaining today as you can see, higher by about 27%. it is on a pace for the best day in nearly a year. this is after delivering a strong fourth quarter report. it operates automated warehouse systems for customers including albertson's, target and walmart. the company says its revenue was up 19% year-over-year. it also provided strong sales guidance going forward. finally, i want to stick with a.i. take a look at c3.ai. they're catapulting up 23% after microsoft, which is also unon the day, announced that the two companies have teamed up for a strategy thetic alliance all to accelerate enterprise a.i. it's all for a.i. adoption. microsoft, for its part, also as we said up about two-tenths of 1. all right, how does the small business go big?

we asked pop-up bagels' founder about the new funding round fueling their national franchise ambitions. and if make sure to tune into "the big money show." brian brenberg, jackie deangelis and i have the breaking economic news even weekday, 1 p.m., only here on fox business. we'll be right back. ♪ 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.

♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. known for following your dreams. known for keeping with tradition. known for discovering new places. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 17 types of cancer, including certain early-stage and advanced cancers. one of those cancers is early-stage non-small cell lung cancer. keytruda may be used with certain chemotherapies

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keytruda is known for at keytruda.com and ask your doctor if keytruda could be right for you. they get it. they know how it works. and most importantly, it works for them. i don't have any anxiety about money anymore. i don't have to worry about a mortgage payment every month. it allowed me to live in my home and not have to make payments. if you're 62 or older and own your home, you could access a portion of your equity to improve your lifestyle. a reverse mortgage loan can eliminate your monthly mortgage payments

and put tax-free cash in your pocket. it was the best thing i've ever done. really? yes without a doubt. these folks know, finance of america can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. it's a good thing! so look, why don't you get the facts like these folks did and see if a reverse mortgage could work for you. call finance of america and get your free, info kit. call this number. taylor: a blackstone digging into the sandwich business. this is as the private equity

grant -- giant, i should say, acquiring a majority stake in jersey mike's subs. the deal reportedly values the sandwich chain at around $8 billion. jersey mike's started as a one-sub shop all the way back in 1956. they've now expanded the to nearly 3,000 locations. that is very much a success story that viral bagel chain pop-up bagels is trying to replicate. the start-up was founded during the pandemic and founder adam goldberg's kitchen and now has a nine stores across new york and connecticut with plans to expand nationally. pop-up's franchising effort follows a 2024 closing of a series b funding round led by private equity firm stripe, and the company also has several celebrity investors including paul rudd, michael strahan, j.j. and t.j. watt and don glover. joining me now is pop-up bagel's' founder adam goldberg. i could make all sorts of jokes

as much as i want to do this interview. the only thing standing between me and you is a very warm set of bagels. right out of the oven to. taylor: con congratses on your success. for our audience that doesn't know, we walk around new york city, and i see lines around the block for this stuff. [laughter] i are refuse to stand in line. sell me on your business model of how this has been so successful. >> first off, the longer the line, the hotter the bagels. so the more people you see on that line, the more guarantees it is that every bagel you're getting, you are yo bag is right out of the oven. but also we've created a process where we don't slice it or smear it for you, we sell it with creamed cheese or smoked fish on the side. so even if you have 100, 150 people on line, that might be only a 10 or 15-minute wait. taylor: what to do you use the money for to expand? if. >> we brought on experienced ceo, tori bartlett, who's got

experience with a lot of chains and franchises and, you know, our goal right now is to bring our hot, fresh bagels out nationwide. we've proven that we can do it in the new york metropolitan the area. if you can make it here, you can make it anywhere. and really everywhere we go whether i'm on vacation or a planned trip for the business, we pop up and make bagels. so, you know, if we're in l.a., we'll make bagels for the weekend. we wind up having people fly into new york and say, or oh, i had your bagels in l.a., i had to have them first stop from the airport. taylor: we're in this age of social media. >> yeah. taylor: hutch of this has been a marketing success -- how much of this has been a marketing success? >> you know, i always say with marketing you can get everyone in the door once with great marketing. we have great marketing and, you know, i will tout a lot of my team doing a great job. i started this myself with my family for the first two years. we were the only marketing. but to get 'em to come, back, you've got to have an epic product. taylor: well said. >> we feel we have a great product.

faye taye a lot of small business owners are watching and figuring out how to scale. how do you think about fund raising, scaling? you've looked at the franchise model. you're a small business owner, looking to you are for tips on how to succeed, what is that tip? >> i think, if first and foremost, don't take money until you with absolutely need it for your first raise. after that it's the nice the to get money before you nighted because otherwise people kind of squeeze you down. i remember about since months into make these bagels someone offered me 50 grand for half the company, and i almost did it because i thought, wow, i'm just making bagels in my kitchen. obviously, i rethought it and was like, okay, wait. i'm going to build a national brand, and i didn't take money million our valuation was 020 the times that for the first round -- 202 times. taylor: there's been a lot of conversation, you're not in the grocery business, but in the food business about how low margins are.

for a while the theory was it's not growth at any cost. i need to see profitment at some point. what is the margin for you with, the profitability? >> you know, when i launched the business, again, everything was cash flow positive from day one. we kept margins from day one. we only sold product if we could make money on it. if -- if it's me on a saturday morning with four friends cooking in a borrowed kitchen in connecticut if i wasn't making $4,5, 6000 that day, i wasn't going to do it -- 600. our vision was to make sure as we scale the business anyone that's involved in it can also make money on it. and i think there's pressure to make money as there is in any business. but, you know, we have 1510 plus employees -- 150 plus employees, and i have more pressure to make sure everyone that works for me has a job tomorrow than necessarily making money ourselves. taylor: what about inflation? we've talked a lot about the

rate of inflation is slowing, but input costs for many people are still rising and, therefore, me as the consumer still faces higher prices for if my bagels today than i did maybe four years ago. what are your costs looking like? >> our costs go up. they continue to go up on an annual basis whether it's regulatory costs or simple supply costs. you know, we just do our best to quite our product where we think it'll -- price our product where we think it'll appeal if to the general market and where we the it's a fair price. some people say we're expensive and some people say we're a great bargain. taylor: when you expand to to different locations, do you look at minimum wage laws, regulatory laws or just purely where can you get the customer demand? >> definitely something we keep in mind. but at the end of the day, if it means you're going to charge a little bit more or going into a community where maybe you want to charge a little bit less, i think that's something we're going the keep as a play-by-play. right now our markets are new

york metropolitan area. we have bagels sold in palm beach, in east hampton -- taylor: all over. >> and, you know, in all of those markets it's the relative same wealth demographic, so we've been able to hold our prices steady. taylor: have other investors like private equity firms reached out? >> we hear from them on a daily basis, but once stripe got involved,, the calls have slowed down because they know that we're pretty much matchedded up with a great group right now. taylor: is the ultimate exit game an ipo? >> you know, i just want to build more bagel shops, and then we'll worry about that in the future. taye so no plans to be public or anything in the foreseeable future. >> i had started my whole career on wall street, to so it'd be pretty epic to ring the bell whether it be nasdaq or new york. you know, we just, right now we just want to make great bagels and bring them to as many people as we can with. taylor: i told you. i see these lines everywhere, and i do not wait in line for them, but actually for the audience with, i touched one, and it literally was still warm:

you said you made them an hour ago and, quickly, the spreads i hear are all the rage. so what spread should i try? >> this week we actually did the pickle collab. we collaborate with different brands -- this is the a pickle de gayo. taylor: okay. i'll do a quick little dip, but then i have to read a tease and go, so i better not keep my if mouth full. >> yeah. taylor: it's worth it. this is great. it contains dairy too -- >> that does, are you okay with that? taylor: i am okay with it. i just want to make sure i the can get through the next segment. adam goldberg, thanks so much. congrats for your success. >> thank you for having me. taylor: i have to swallow this. hear more of adam's story the on everyone talks to liz podcast. get it on apple, google, spotify, i heart radio or wherever you download your podcasts. meanwhile, president-elect

donald trump expected to attend a spacex launch in texas the odd to. ceo elon musk's friendship with trump helping's la a's stock and, of course, putting self-driving cars in full focus. we a take a look at what the potential federal framework means for burgeoning autonomous if car industry. we have a great live report. and the medtronic ceo talks about what trump tariffs mean for the medical device business, plus the company just reported earnings. that and much more straight ahead on "the claman countdown." no more bagels. ♪ ♪ if like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected.

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♪ learn more at dexcom.com (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. taylor: welcome back. the trump transition team nominating fox business anchor and former republican congressman from wisconsin sean duffy for transportation secretary. if he passes senate the approval if, he'll be deeply involved in implementing the federal framework for self-driving cars that the trump team has reportedly made as one of its key priorities.

autonomous cars are already on the road in select cities across the nation. max gordon is riding in one of those all the way around los angeles all day long. he joins us now with more on the future of these driverless cars. hey, max. >> reporter: hey, taylor. the future's looking pretty bright. we're sitting in a waymo, alphabet's robotaxi offering. it peoples similar to an uber or a lyft in some respects, but it's pretty darn different in other aspects; namely, there's nobody in the front seat, the steering wheel is turning on it own, and when you're at a red light like the one we're at right now, some drivers are kind of looking at you. they see the lidar system on the roof. this is a jaguar ipace, and it looks different because it has all these whirling sensors and things ooh like that. you might start seeing more autonomous vehicles like this with the upcoming trump administration. according to a report by bloomberg, president- elect

trump's transition team is planning to ease rules for more development. currently, most regulation falls on the states and while there aren't a lot of details about what the new regulations will be, some tech experts are wary of safety being overlooked. >> you don't need to break everything to innovate. you need to break some things. and finding that balance is the devil that's in the details. >> reporter: meanwhile, the autonomous vehicle industry association is curing -- cheering the news stating to ensure the united states continues to lead in the future, it is the critical a federal policy framework be put in place that supports the development of this game-changing technology. now, while there are scarce details, we do have a pretty clear winner at this point, elon musk. tesla's stock jumping at the news of this federal framework. he, of course, unveiled the cyber cab earlier this month. now, musk is planning on rolling

out cyber cab in the next couple of years. the cyber cab will be a two-seater. it won't have a steering wheel or pedals. and right now, well, the federal government only allows manufacturers to manufacture about 2530 to -- or 2500 models of autonomous vehicle technology per year with. elon elon musk wants 2 the million per year, is that's likely going to be one piece of framework that we'll have to watch and see. but, you know, the cyber cab is going to be coming on to to scene as waymos are hitting the streets here in los angeles, san francisco, over in phoenix. and waymos are also a going to be rolling out in austin as well as many atlanta in the near future with a partnership with uber. so this is absolutely a space to pay attention to. taye roar? taylor: i vote that you always get the best assignments, max gordon. thank you so much. [laughter] >> reporter: this is a fun one. thank you. taylor: we have some breaking news.

take a look at shares of medtronic. shares are down about 2.75%. they're not really reflecting at all the company's strong earnings report that it released earlier to. the med-tech company saw earnings of about $1.6, slightly higher hand the $1.25 the estimated. revenue comes in at $8.4 billion, beating the estimate of about $8.27. and really on top of a strong quarter, medtronic boosting the annual profit forecast citing strong demand in the u.s. so why are the bulls hiding away from the sock? let's ask chairman and ceo jeffrey martha. thank you. so much for joining us. i know, of course, as the ceo you're so focused on the long-term vision of this company, but can you give us a glimpse of what you think the street or analysts are missing from what otherwise looked like a really good report? >> well, thanks for having me, taylor. first, like you just highlighted, it was a strong quarter for us, eight quarters in a row of mid single-digit

growth. and, like you said, beating the top and bottom lines and raising the guide. you know, in terms of the feedback that we're hearing that might be contributing to the pressure on the stock, i think i'd put it into around margins. some of it is more macro questions on how that could affect our industry, medtronic being the largest in the industry, things like tariffs. we largely export a lot of our products around the world as well as sell them here in the united states. and then, you know, medtronic-specific, we're calling for a pretty big acceleration of our eps in the second half of our fiscal year, and we've got to demonstrate that. and we're confident that we whether. taylor: talk to me about tariffs. i know you said it's still a bit early to speculate, and i understand, but if you can take a playbook from anything we got in 2016, what are you doing now to prepare or get ahead of any policy decision that you may expect in the coming years? >> like i said, it is a little bit early to speculate, but we

are running through different scenarios. and i can provide a little bit of context here. i do think health care and med-tech specifically does show resiliency historically in the face of tariffs. we've been through this before in the previous trump administration. we have been able to navigate these things. i do, like i said, health care tends to be a bit more resilient in the if face of these things. we're world leaders, understand the impact that our technology has on people around the world, and they're sensitive to ensuring access to these life saving technologies to people everywhere. taylor: in terms of demand can, you know, we went through covid where a lot of people were not going in to do surgeries for sort of the non-emergency. and we've seen sort of a revival, right? people are finally going back. >> right. taylor: do you expect that demand to to continue, and if so, where do we see that show up in terms of the product? >> sure. i mean, it is, the underlying

markets are healthy and stable going forward. and it is really driven by innovation. this is a lot of innovation across the city the industry, a lot of innovation in medtronic in big, problematic areas for people around the world. things like atrial fibrillation, hypertension. going from making surgery more minimally invasive. all of these areas are big opportunities. and i do beets as well. diabetes as well where we're making procedures less invasive, we're improving patient outcomes. and with the advent of a.i., actually personalizing therapies to individual patients. taylor: some of the personalization that you talk about comes in the form of wearables. dexcom, which is another medical device maker, has a partnership with aura, that that ring. >> right. taylor: i'm curious how you see the future of wearables and if you have partnerships that go in

that space. >> sure. look, i do think data is the currency of innovation going forward. you know, like what we coat medtronic is we produce if devices that help with chronic disease, we also produce tools and instruments for surgery. and all of -- both of these categories are getting better through the use of more data and data the analytics tools. and wearables are a part of that. we have our own sensors that tend to be more merchandise the body -- inside the body that provide information, and we do work with different wearables companies and integrate to our technology in different wearables areas to grab information on the front end of a procedure or on the back end of the procedure. so to understand where the patient is coming into a procedure and then how's our therapy, how's it improving their outcome over time. so we do that with a number of difference companies.

we just announced a partnership, actually, in diabetes with abbott -- taylor: yes. >> -- actually as well just a few months ago. taylor: yeah, we saw that. you had some time to digest that, so we've certainly been monitoring that. desperate for your thoughts on a.i. and how it is changing the innovation of your world in the time we have left. >> like i said, i think gathering all this data, it's a combination of, you know, sensors everywhere, computing everywhere on the edge like in a device or in an o.r., you know, computing in the cloud, quantum computing, all of this working together and of course, like i said, data analytics that allows us to improve diagnostic yield like in our cardiac area, it allows us to improve and personalize therapies i've talked about in the past on this show even like colonoscopies using the a.i. to augment a doctor's eyes to find polyps in a colonoscopy that could lead to colon cancer. and then in surgery, taking these complicated surgical

procedures, right, and using an a.i.-based surgical plan that actually guides the physician new the procedure. doesn't replace them, but augments both their, you know, cognitively in particular -- taylor: right. >> -- to help guide them through the proceed -- procedure to help outcomes. taylor: just quickly, rfk jr. has been shaking up a lot of the health care space making me rethink what food i put in my body, what my sugar levels look like, what dyes i'm putting in my body, all of that. how are you thinking about the next administration really coming in and rethinking how we think about health care and our own health? >> look, i'd say, look, we welcome a bright lighten on what we do in med-tech. you know, the innovation cycle that we're in as an industry, the innovation cycle that medtronic is in is really positive. we're producing new technologies that remarkably improve patient

outcomes. it helps physicians too and the health care staff who have these chaotic days in the hospital and are understaffed. our technology makes their days'dier. and final -- easier. and finally, our therapies and products are good for the economics of health care systems around the world. we call that a the triple aim where you're improving outcomes, access and cost at the same time. so as a new hhs secretary is looking at, you know, rethinking policies, i think we're in a good spot. taylor: okay. geoff martha, i really appreciate your time. thank you. >> thank you. taylor: google facing immense pressure to restructure its business, but will the department of justice really break up google? we have a live report. it's next. ♪ at harbor freight, we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. whatever you do, do it for less at harbor freight.

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taylor: the department of justice may be cooking up a historic big tech break-up. if doj officials will reportedly ask a judge to force the sale of google's chrome browser as part of a monopoly crackdown. chrome is considered the largest web browser in the world. this is according to, accounting for about two-thirds of global market share. fox business' grady trimble joins us live from washington to

take us through the case. grady, what would that sale of chrome look like? >> reporter: well, it would fetch a a large sum if google did have to sell chrome, could go for as much as $20 billion, taylor. that's according to an analyst at bloomberg. in this particular case, the doj is also reportedly going to ask the judge to either force google to sell chrome or the android mobile operating system. and further, ask the judge to establish new rules around google's artificial intelligence or a.i. right now all of that is according to the "wall street journal," but we expect to see the official proposal from the doj by tomorrow. that is the deadline for it to to submit its proposed fix to google's search monopoly. so to take you a little bit back in this case, you'll remember that the judge in the case already found the company broke antitrust laws and had an illegal monopoly over web search.

now they're hooking at how to solve that -- looking at how to solve that problem. one of the accusations in the case in which google was found guilty was that the company was paying companies like apple to feature google as the default search engine on phones, for example, iphones. the d job, is also -- doj is also expected do the judge to force google to stop taking payment or making payment for that purpose. the trump administration's justice department started this case. they file thed it and hen it was the biden administration that took it to court and ultimately won. but google, even though it's already lost the case, is pushing back hard against these remedies. the vp of regulatory the affairs at google tells fox business the doj continues to push a radical agenda that goes far beyond the legal issues in this case. the government putting its thumb on the scale in these way ways would harm consumers, developers and american technological leadership at precisely the moment it is most needed.

so what comes next is google has an opportunity to propose its own remedies in this case, and then the the judge will weigh what the doj offers and what google offers and make a decision. but what we're seeing in this case and in several others over the next several months is antitrust regulators that are part of the current biden administration if are making one big final push to take care of or break up big tech in whatever ways that they can before the transition to the new trump administration which, by the way, taylor, could go after big tech in its own ways. taylor? taylor: it is a fascinating story, and and i'm so grateful that you're covering it for us. grady trimble, thank you. meanwhile, president-elect donald trump nominates wall street vet howard lutnick to lead the commerce d.. if con firmed, hurt nick would oversee an agency focused on maintaining ties with the business community and implement trump's proposed tariffs on u.s.

'em ports.. -- imports. joining us now, mark gym baroni. mark, great to have you here. i try not to let my money and my political views intersect. how should i be thinking about investing amidst some of the headlines that we're getting? >> well, i think what we're seeing is that as we move forward, the headlines we're getting are probably going to keep interest rates a little higher, probably keep inflation rates a little higher, more on the high end of normal as we move forward. what that generally means is that, you know, the most expensive high growth names may have some trouble in that kind of environment, but the economy is functioning well in that environment. especially if we have tariffs, if it's a focus on u.s. first. then what you'll see is we'll move down market cap and the market broadens out, that active, smaller names, value maims may do much better. and -- names. and so i think that's what the

next stage of market will probably move us into as we see all of this sort of political rhetoric come to fruition through policy. taylor: right. my pushback on that, the crowned king of the market right now. >> there's no question that nvidia is the center of everything in the core of ai movement and it's an amazing business and in a phenomenal position. however, my pushback to that would be the market is pricing is that way. nvidia has high expectations and needs to deliver. it's not poorer and it's a fantastic business and valuation reflects that. on top of it, i've never seen a

dominance business where even its customers are trying to displace it and potentially compete with it. yes, they're amazing and incredible run rate and they're at beginning of revolutionary time and nvidia is in the middle and priced for it. >> people are desperate to understand the first or second derivative play on ai. everyone keeps saying it's utilities. what do you think? >> i think they're right. the golden age is utilities for ai to work we need power and data centers and cooling and power associated with the someday tafanely centers. supplying them in the areas with the data centers more prom nathanial hackette and it's beyond ai. thinking about the chip act or thinking about re-shoring or think about tariffs in terms of moving manufacturing back to the u.s..

there's going to be a tremendous demand for what i'll call the nuts and bolts of what we need. >> ten seconds. do i buy energy with the rhetoric of drill baby drill? >> start with service names and u.s. energy names are second especially with valuations are very attractive at the moment. >> thank you very much. mark giambrone, appreciate it. markets have been a bit mixed here. we started out really low and thin clawed our way back. but the big interview happening thursday at 3:00 p.m. eastern and don't miss liz claman's exclusive interview with ceo of nvidia and it's jenson wong. that does it for us. kudlow is next