tv The Claman Countdown FOX Business November 22, 2024 3:00pm-4:00pm EST
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because system of them were very frustrated -- charles: right, right. >> she's always been known as a good pollster though. she always has been able to predict things that no one else saw, so her model obviously failed here, and that's the -- charles: yeah. some people think it wasn't designed to be right. 30 seconds. salary, gen-z say that salaries, successful salaries, $580,000, and successful net worth is $9.5 million. but their average salary is 49,000. i love ambition, but is gen-z too ambitious? >> is ambitious the right word or stupid? [laughter] >> delusional is better. >> that's the word i'm looking for. charles: listen, we preach optimism on fox business, folks. go ahead, gen-z. in the meantime, we'll hand it over to liz claman, because if you're going to make pit, you've got to watch her. liz: yeah. watch her. charles, 5 p.m., you and me, we meeting at the christmas tree
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lighting? charles: i'll see you there. liz: exactly. 5 p.m., it is the fox christmas tree lighting, all-american tree lighting. charles and i will try not to horse circuit the whole thing. short circuit the whole thing. if you look at this 368-point pop on the dow jones industrials, we are looking at a mega 2-day gain of more than 800 points. walmart p am-ex, jpmorgan, they are touching record highs as we kick off the final hour of trade. jpmorgan and am-ex have gained 11% this month, walmart's at 10%. s&p, we do have it up 15 points. the nasdaq has been good luck traiting between gains and losses, but right now it's comfortably higher by about 23 point, and the russell 2000 has performed really well this week. with 59 minutes left the trade for the week, the maul and mid caps are add adding another 42
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the points to the gain of 4.5%, by far and away the winner. regarding the weekly performances of rest of the majors, dow looks to close up 1.8%, s&p may have gained about 1.6% on the week and the nasdaq up 1.6%. no question bitcoin is grabbing the spotlight. after a torrid runup postelection that further picked up speed this week when sec chair gary gensler announced he will leave the post when donald trump takes office, the crypto is now within reach of the holy grail of $so 100,000. just a few minutes ago a, folks, it toughed 99,800. right now it's at $99,417. we're going to be watching it all hour. but this move has directly translated to gains for investors in the spot bitcoin etfs, all a of them here on your screen touching new records. and micro advantage is back in the green. this is the biggest holder of bit bitcoin. it is zooming higher after a
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brief scare yesterday that saw the stock erase 15% of its gains on the session. the tumble came courtesy of sort seller citron research which tweeted it had taken a short position because microstrategy's volume has, quote, completely detached from bitcoin's fundamentals. well, investors have reattached themselves to super micro. shares. to embattled data server giant jumping so 10.5%. all the way at the top of the s&p 500. the stunning week-to-date gain, 77%. probably appreciated especially considering the face plant that shares took back on october 30th when the company's accounting firm quit over internal compliance questions. and we pop up costco here? gotta look at costco it's breaking out to to a fresh record today. high of the session, $976. it's at $962 at the moment. the big box discounter has seen a year-over-year move of 64%
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thanks in part -- and this is so unbelievable -- to the sales of its chicken bake sandwich and double chunk chocolate chip cookie made popular by tiktok influencer s j. and big justice. is have you heard about these guys? the new jersey father-son food reviewers with millions of followers. they've become a massive phenomenon. and coming up, they are here in the house at "the claman countdown" on the windfall of brands including all-elite wrestling that are dying to partner with them. all right, with so many u.s.-centric headlines pushing stocks up week, let's get right to the floor show and bnc wealth investment officer who says go with what's leading the tape, and that's u.s. stocks, correct? >> it absolutely is. we've been fanses of u.s. stocks since, well, 18 months ago. so this is not new for us, but it's no longer just about tech. it's about industrials, cyclicals, potentially health
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care looks are interesting, the environment of less regulation is really powering stocks ahead. liz: you know what we have seen over the past eight months or, heck, year to date, dozens and dozens of record highs and a whole bunch after election day as well. that said, where specifically -- you just said you want to broaden the horizon when it comes to sectors. but is there one many particular that you think is best positioned? i can that because tech has been a leader over that same time period, but what about moving ahead? >> we still like tech. and there's something that a lot of people don't think about when it comes to looking at the broad tech factor. often we hear about a pes being elevated, but when you look at valuations relative to the other sectors, they're not extreme, heir not anywhere near the level that you saw during the late '90s and early 2000s. so tech still looks very attractive. and let's not forget a.i. is going to be a productivity step change. yes, we're seeing the impact in
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the tech sector today, but over the course of the next year two that's going to broaden out into other sectors, and that's really, or really important for the u.s. economy to continue powering ahead. liz: it's easy when we see these gains on the screen, 318 points for the dow and, on obviously, week to date, month to date, year to date an absolute gold star performance. but we should always be asking what risk do you see and how do you ensure against getting dinged by that risk when it comes to people's portfolios out there? >> el, two things. first of all, there is always risk. that's one of the reasons why we will see very strong returns from equities. with equities it's always about earnings and interest rates. those are the fundamental drivers. we think earnings continue to expand in 2025. they'll probably expand by between 10-15% next year which bodes well for the s&p. but where you tart to see more of a risk coming in is on the interest rate side. so if you think back to
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september, the fed said they expected they would cut 100 basis points in 2025. the market agreed with them. the market now thinks, because data has been much stronger, we're only going to see 50 basis points of cuts next year. so having interest rates remain more elevated, that's on the horizon. liz: are you calling for a pause in december at the final meeting of the year? right now fed funds futures are showing a slightly elevated from day over day, yesterday it was around 44%, now we're looking a. so inching up to no move. >> and it really is 50-50. you know what the problem is? the problem with the lay labor market report that we got more recently where you have so much noise because of weather-related events -- liz: strike. >> -- the boeing strike, exactly. there's going to be a huge focus on payrolls at the beginning of
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december. liz: that's true. everybody's going to be watching the november jobs report. what about the dollar? it has muscled higher over the past couple of weeks. the the 3-month gain is about 7%. look at the dollar index at the moment. that could affect earnings from this current quarter, could it not? just, folks, to understand when the dollar is stronger, that makes product that's made here in the united states by u.s. companies more expensive overseas. >> it does. but let's remember what drives currency markets. so the rate of change in different factors across economies, and what's really driving this is interest rates. the u.s. is going to be cutting less, but europe we're barely seeing growth. germany this morning said they had revised down their q3 growth to almost no many growth. they've been skirting recession for the best part of a year, so you're seeing euro-dollar move lower, in other words, the dollar strengthened. existence the yen, the pound. -- against the yen, the pound, but the impact on earnings is
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actually at the margins. the bigger driver for u.s. companies is what's happening here in the u.s. liz: well, the margins are huge at a company like nvidia which just reported earnings. interestingly enough, it was a double beat by a long shot, and they raised guidance. we're looking at a 3% drop in nvidia today, but you still like technology because you say that a.i. world or is expanding, almost spreading like a pilled cup of boiling hot -- spilled cup of boiling hot coffee. jensen huang, of course the ceo, just told us yesterday he's getting calls from all over the world. every single country is waking up and saying we need to spend some of our sovereign wealth on these things. is and just today, amazon gave a $4 billion investment in anthropic which, of course, is sort of the competitor to chatgpt can is and openai. so do you like the chat bot companies? do you like the hardware companies like the super micros of the world is and perhaps the nvidias at this price? >> we actually do. and let's just take a step back
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for a moment because there's a much bigger picture at play here which is really at national level. if you go back to 2008, the size of the european and the u.s. economies was almost the same. you fast forward to today, the u.s. economy is 1.8 times the size of the european economy. why is that? it's to do with how tech as has a advanced, how we've had much more progress over regulations here in the u.s. you then link that a back to a.i., a lot of nations around the world are realizing this is the next step change. if we don't get in on the ground floor, we're going to have a problem in ten years' time. liz: bingo. and i remember when man nano-- nanotechnology was suddenly spreading about ten years ago. the chinese were way ahead of us. they had way more at the -- patents. this time with a.i., we are ahead in the united states. that bodes well for this economy, does it not? >> it absolutely does. we see trend growth i moving
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forward 2% plus, but let's not forget that is streets ahead of what you're seeing in every other developed market economy, and it's really important that we have the regulations that keep it moving forward. liz: sinead, it's a pleasure. >> great to see you, liz. liz: all right. i have a question. yeezy who? kanye who? a hot, new designer is lighting a fire under shares of gap inc. the stock is reallien responding at this hour. -- really responding. and later, president trump's pick for u.s. ambassador to israel is here. the man who's traveled to the holy land more than 100 times, former arkansas governor mike huckabee is ready for questions on what he plans to do on day one. if "the claman countdown" is coming right back. stay tuned. ♪ car, this isn't the way home. that's right james, it isn't. car, where are we going?
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liz: fox business alert, gap is spreading pre-holiday cheer across pretty much the entire retail sector. shares are climbing 10.6% after company posted better than expected results and raised full-year guidance. the stock has been reinvigorated by celebrity fashion designer zac posen who was named chief creative officer back in february. and gap's collab with a company whose name also a starts with g and juicing sales as well. it includes the now sold-out sweat sweatshirt on your screen. it says gaia instead of gap, but in that same font. gap, which also owns old navy, banana republic, is now expecting fiscal 2024 sales to be 1.5-2% ahead of the .4%
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analysts were expecting. the good news glowing up the whole sector, macy's, kohl's, target, everybody's moving higher at moment. and that's not all investors are shopping for today. ross stores citing lower freight and supply chain costs. the retailer's third quarter earnings beat expectations. it's off the highs of the session but still getting a nice bump of 1.5%, and that is giving a boost to the other discounters. tjx companies and burlington stores moving higher on the session, burlington up more than 4%. moderna is at top of the s&p 500. the stock has taken a hit of 5% after president-elect trump tapped rfk jr. to head the department of health and human services, but today jeffreys came out with a note and said, you know what? it's highly unlikely rfk jr. would do anything, quote,
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draconian such as pulling vaccines off the market, so moderna is jumping. tencent disclosed it offloaded some of its stake the of reddit stock, so shares are down about 7.7 president. separately, reddit's key stakeholder advanced magazine publishers is looking to establish a credit facility using its equity stake. as of september 30th, amp holds roughly 24% of reddit's stock which did earlier hit a record yesterday. so global financial markets are on tinder hooks as they await president-elect trump's treasury secretary nomination. with wall street and the world chewing their collective nails, or we've got a live report on who at the hour has now taken the pole position for the key cabinet post. dow jones industrials up 311 points, s&p, russell and the
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liz: fox business aler, if you haven't seen the front page of the new york post, here it is. it says shut the gates. this is the cover from this morning after former congressman matt gaetz abruptly withdrew from consideration to be attorney general. gaetz backed away amid a cloud of sexual misconduct allegations. shortly thereafter, trump
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nominated former florida state attorney general pam bondi for the role. while the president-elect's cabinet is quickly taking shape, trump is still mulling his pick for the all-important treasury secretary position. fox business' edward lawrence joins me live from the white house to run through what has been a fast-changing list of candidates. >> reporter: there's a lot of jockeying for that top spot at the treasury county. there's -- department. there's many leaks out of wall street about who's on top. the latest is the "wall street journal" reporting that kevin warsh is being talked about as the pressure treasury secretary until it's -- treasury secretary until it's time to replace the chairman, then scott bessent would come in. i've also heard senator hagerty's stock is rising because he knows thousand get the agenda through congress. the bottom line is that that president-elect trump could change his mind up until the last minute, so the next
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treasury secretary will have to deal with a number of issues and voices about how best to get things done. >> one, reasonable, common sense reck haitians. -- regulations. two, provide low interest rate loans. three, tax the benefits. do those three, my view, you're going to unleash the full power of the american enterprise system. >> reporter: now, the man who had the top treasury job for the entire first trump presidency says the person needs to be someone who works well with others. >> i would just emphasize it's not just treasury secretary, it's the entire economic team that needs to work together which is treasury, commerce, ustr and nec. we had a very good team, and i know president trump will do a great job in filling all a those slots so that they work together effectively. >> reporter: the cantor fitzgerald ceo, howard lutnick, will be at commerce and michael waltz as the national security
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adviser. in one is appointed to the u.s. trade representative's office, and the nec director, they also worked as a team, and that was kind of the secret sauce for the first trump administration in how they eye chiefed the economic success that they say they can achieve the next time. liz: when do we think this is going to happen, the announcement? >> reporter: you know, it was supposed to happen earlier this week, it was supposed to happen yesterday, it was supposed to happened today. i -- you know what? it's one of these things where we're just waiting. when announcement is made, it's going to be made. no to one really knows what president-elect trump is thinking. i've heard within the next couple of days. liz: okay. and a little bird just it would me that senator hagerty is going to be on "kudlow," right after this show. so stay tuned. [laughter] if edward, thank you very much. well, the next treasury secretary, whoever he may be because we don't see women on the list at least at the moment, but will play an important role when it comes to cutting off iran's funding of the terror organizations that continue to
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attack israel. today we are getting reports that the treasury department is investigating jp morgan over its ties with the iranian oil fund ocean leonid. the probe is examining whether the nation's largest bank complied with u.s. rules when it look on the oil giant as a customer, stopping the now of -- the flow of money to the enemies of israel and america will be a top priority not just for the treasury secretary, but for the incoming u.s. ambassador to israel. president-elect trump has chosen former arkansas governor mike huckabee for that role, and he joins me now live. governor, welcome. and assuming the senate confirms you, what is your number one priority vis-a-vis israel and iran? >> well, certainly, it'll be whatever the president wants it to be because he's the only one that got elected on novembers oe wishes of the president. one of the reasons i was excited to accept this post is because no president has ever done as much for israel.
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and giving them the level of security and a sense of real safety like donald trump did in his fist term.o be an extraordinary opportunity to expand the abraham accords and further show a consistent and clear alliance with israel, something that we haven't seen other the past four years -- over the past four years because the policy out of the current administration, quite frankly, has been schizophrenic. one day they're with israel, the next day they're lecturing israel on how to9 prosecute a war that they're having to fight not because they want to, but out of necessity to keep from being annihilated. and what you mentioned a moment ago, liz, was so important when you mentioned that it wasn't just the iranian dollars going against israel, but going against the united states. when donald trump was president, the maximum pressure that he put on iran meant he didn't have to bomb them. he was bankrupting them. and that was an effective way to keep them from having the money to fund hamas, hezbollah and the houthis. liz: how important is it
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especially in light of this the report that bloomberg has put out about jpmorgan being investigated about its relationship with an iranian tied to oil company, how is it important to just stop the flow of any money between the u.s. and oil interests in iran? >> it's absolutely imperative. and let me be blunt, that's blood money. that's the money that murdered 12300 jewish -- 1200 jewish people on october the 7th of 2023. and it wasn't a massacre just the kill, it was hamas kerr to inflict the maximum amount -- hamas kerr to inflict the maximum amount of pain and humiliation against young mothers, entire families, babies, children, everyone. it was just an unconscionable act of barbarism. and what's worse, the reason we know it happened for those who think it didn't is because the
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hideous monsters who did it videotaped themselves carrying out these dastardly deeds on gopro cameras strapped to their heads, and many of us have seen this video, and it's disgusting. liz: yeah. i think we should strap some of hose protesters, anti-israeli and anti-jewish protesters, to the chair to look at that video to see it. i think you're right, governor. back in 2008 you said, quote, there's really no such thing as a palestinian, and that's been a political tool to try and force land away from israel. where today is your stance on a two-state the solution between israel and the palestinians? >> i think president trump has had the right approach, that there can be no such thing as a two-state solution when one of the parties involved count believe the other should -- doesn't believe the other should even exist. and that's been the position of the palestinian authority. there's no way the negotiate that.
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they're going to have to accept that israel has a right to the eternal indigenous homeland that the it first occupied and owned 3500 years ago. israel is not asking to take land from someone else. they're asking simply to be able to live in the land. let's go all the way back to to god and abraham where this started, and they have a tiny, little sliver of real estate ony needs to give up land to create a separate state, it isn't israel. liz: i want to go back to what you said about president trump being the president who has done the most for israel of any president. you know, the history books are littered with examples of u.s. presidents who tried mightily to broker peace. obviously, president carter comes to mind when he met with egyptian president anwr saw sadat and begin, prime minister of israel at the time. the peace between egypt and
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israel has pretty much held, but ann a war sadat was assassinated. and then you think about bill clinton striking the deal with yasser arafat of the plo and itzhak rabin, prime minister of israel, toes low accords. rabin was assassinated -- the ott low accords. i looked at this and i think one of the smartest things the first trump administration did were ey just did an end run around the palestinian leadership here. and who's going to negotiate with hamas or hezbollah, whoever is supposedly in charge at this point? >> i think you've made a great point that there have been some noble efforts, and you applaud those, and those are important. liz: absolutely. >> but the abraham accords really did move something forward that was historic. and, quite frankly, if donald trump had had a second term, i think they would have gone further. i hope that in his second term it will move to a new level. because there's a lot more to be gained when israel has relationships diplomatically,
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relationships with trade and tourism with the nations all throughout the middle east. there's no reason for them to be enemys. the exception would be the iranian government. because they're the ones who have declared that their goal is to annihilate, destroy israel. they're the ones who really do push that chant from the river to the sea. and what we need to see is -- say is from the river to the sea, israel will be free. liz: just two days ago the icc issued officially arrest warrants for prime minister benjamin netanyahu of israel. [laughter] joe biden came out and said that's ridiculous, it's outrageous. senators and congressmen the from both sides of the aisle jumped in and agreed with him. so when you look at the leadership of bibi netanyahu -- and i know you don't speak for president trump, but how do you anticipate that relationship will either grow or hold? >> i think it's going to be a much better relationship. president trump and prime
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minister netanyahu already have a warm and strong relationship. that only will get better. there is a sense in which i do appreciate very much president biden and the democrats in the congress who did clearly and boldly say that this action byc, meaningless and unacceptable. and they should have said that. i'm glad they did. because this really is not a political thing to take on, this is the a simple matter of common sense and decency. there is no way that the icc should be taken seriously making these kind of accusations and going to the point of an indictment of a sitting leader whose primary function right now is to protect his people from the murder and slaughter that they've had to put up with starting on october the 7th.
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liz: governor, we'll wait to see the confirmation if hearings and thank you very much for gowning -- joining us with this perspective as we look at our closest ally in the middle east. and maybe around the whole world, israel. thank you so much. >> thank you, liz. liz: israel, of course, has been a tinderbox for thousands of years, and this weekend you can get a history lesson as one of its most famous figures on one of its most famous figures. watch the newest episode of the fox nation series martin score say sis presents "the saints." john the baptist begins airing sunday. watch the entire 8-part dock yahoo! drama by the oscar-winning director exclusively on fox nation.com. a father-son duo have become tiktok sensations for their a viral videos. they're known as costco guys for if their product if reviews at the superstore chain. now they're bringing their social media marketing talents to the wrestling ring and teaming up with all-elite
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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. liz: we showed you at the temperature of the show, can costco. earlier today it hit an all-time high. it is still going about three-quarters of a percent. the wholesale club giant rocking it thanks in mart to sales of its famous chicken bake -- part to its sales of -- >> oh, chicken bank. [laughter] liz: oh, my god, which is now a favorite item at the food court thanks to a father-son cue woe
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from new jersey who less than a year ago began posting on tiktok. they've gone totally viral for their costco content and so much more. they even have an effect on how costco has begun marketing and police station it products in the store. to big boom, a.j. is, big justice and all-elite wrestling ceo tony khan who has struck a partnership with the two, they're all live many studio on fox business. did you ever imagine, a.j., that your first video rating some food at costco would bring you to where you are today with millions and millions of tiktok followers? >> first off, liz, thank you so much. this is is exciting, so much fun, and we came to bring the -- >> boom! [laughter] liz: that's a first for this she. >> liz, in my heart, yeah, i did always know that where we are right now is where we were really meant to be.
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and we're just having so much fun as a father, a son and now actually it really was in my heart. >> big justice, what was the first food item you guys ranked? >> it was a cheeseburger from our local hamburger restaurant. [laughter] that you rated there? >> so it was my mom's birthday, and he makes -- he's italian -- [laughter] so he makes really good meatballs. so we went over to costco to buy the mix, and we were, like, let's do a video here. so we did a video buying everything, the bread crumbs, the bread, the meat, and it blew up. it got, like, 5 million views. and from that we were, like, okay, so costco workings. [laughter] -- workings. and then finding other stuff that worked look boom-meter, and we just kept making content, and we just keep going up the ladder. liz: now you call yourself withs costco guys.
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not the costco guys. don't say the cost can coe -- it's costco guys. you have been responsible for reviewing the chicken bake, the double chocolate chunk cookie -- >> the it's the doable chunk can chocolate cookie. liz: excuse moi. [laughter] now as we understand it costco has placed those cookies at the checkout counters -- >> wow. liz: oh, come on, you knew that. >> no, this is news for me, liz. big justice knew, wow. >> when you check out it says do you want a counsel chunk chocolate -- >> let's get it straight, a double chunk chocolate cookie! liz: has costco reached out to you in. >> we have a great relationship with costco. we spoke with them as a recent as this week, and we really have a great relationship because they welcome us into the store. liz: okay. >> they refer to us as the costco guys, and whenever new products come in or go on promotion if, we're the first to know so we can reach out to the
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brands and raise awareness. liz: big justice, what is your favorite item at costco? >> that chicken bake! liz: and they've gone viral as well. people are demanding them right and left. what other brands, a.j., have reached out you in the wake of this? >> there's really been a town. i mean, let's start right now with all-elite yes -- wrestling. >> aew. >> wow, such an honor. i'm getting back in the ring. if you can imagine if, i'm getting back in the ring. we have tony khan, everyone at all-elite wrestling, welcoming us in as a family. and so many brands at costco. i'm afraid to forget any -- >> 44 pro. >> baseball gloves. we could talk about welch. 's fruit snacks, we can talk about rao's sauce, the campbell's family of food, there's just so much -- so many. liz: tony, you also are the owner of the nfl jaguars.
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tell me how you discovered these two. >> we met backstage at an aew show. a.j.'s a former wrestler, big justice is an aspiring resler. a.j.'s making a comeback in a a ew tomorrow. it's ahmed of our big pay-per-view show tomorrow night. the prudential center, there's going to be over 10,000 fans screaming for big boom a.j., and it's going to be a great fight tomorrow. like you said, i am part of the nfl, jacksonville jaguars. i'm on the fan engagement and major events committee at the nfl. i love these guys. i'm going to take these guys over to 345 park avenue, to the nfl, i want to bring them to the premier league. i love working with a.j. and justice. not only is it great to have them in aew, but it's really great to see a father and son working together so closely every day. it's awesome.
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liz: that is nice. >> [inaudible] >> thank you so much. liz: you taught him well. he called him mr. khan. liz: so, big justice -- >> very proud of him -- liz: who came up with the idea of turning out songs? you're a rock star here. [laughter] >> so we just started. we listened to a beastie boys' song, and we had our boom-meter, and we were -- ♪ we bring the boom, that's what we do -- [laughter] and then he was, like, wait a second. and he wrote a whole song. and then he says, i have this song is, we bring the boom, let's go make it! [laughter] 10 -- number 8 on the billboard. liz: you know, a.j., he knows more about your business than you do. he keeps add adding numbers and he really gets it. i think he needs to be the ceo. >> well, he is the future of the business, and, you know, we're doing this all for big justice and for ashley. we get to do it all together, so
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i'm so proud of the growth of big justice throughout all this because there's times that we are out with bigtime collaborators, with bigtime creators, and they have the whole idea of what we're doing, and big justice shows up and he'll say, no, that doesn't make sense, we'll do -- do it this way, and their jaws drop. wow, we gotta listen this kid. liz: tony, what have you learned about marking when it comes to these two? -- marketing? what have they taught you about social media a and the role it plays? >> so much. with a.j. and big justice position together, this is real. behind the scenes, what you see is what you get. authenticity is important, and also they hoe me the power of tiktok, of marketing, you know, to, frankly, people that have never watched aew or wrestling before. and we're bringing in new fans. and a.j.'s a former pro wrestler making a comeback. it's great. liz: that leads me to this finat it's being forced to sell some of its american arm to the
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united states companies or at least one of them. are you worried about that at all? >> we're not. we're in contact with tiktok often, and tiktok doesn't seem too concerned, is so at this point we're all in, and we're bringing the boom. liz okay. well -- >> we get hats! liz: you get hats. >> oh, that's so cool! liz: you two, i need you to boom or doom your experience on "the claman countdown." so, wait, before you do it, can we taken a tight shot of it? >> i think we killed. liz: all right. is it boom or doom? >> the claman show gets a big -- >> boom! [laughter] liz: who needs the pulitzer prize, guys? [laughter] i mean p who needs emmyssome i got a boom from a.j. and big justice. tony, thank you very much. >> thank you, liz. liz: great to have you all. >> thank you. liz: and good luck to you. >> i got a hat. >> keep bringing the boom. >> thank you. liz: you're welcome. you're welcome. thank you for being so lovely as a guest. he's a sweetheart.
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all right, the age of a.i. presenting a number of suddenly sparkling investment opportunities besides nvidia. today a's countdown closer has a few picks to keep your portfolio programmed for perfection. "the claman countdown," which just got a boom, is coming right back. stay tuned. ♪ ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. across all your benefits and savings options. so you can feel confident in your financial choices. they really know how to put two and two together. voya, well planned, well invested, well protected. (sneeze) (hooves approaching) not again. your cold is coming!
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liz: to quote a.j. and big justice, boom. the dow just popped into record territory, it is at session highs right now up 426 points, on pace for its 44th record close of the year. so here's what it means -- oh, it just went slightly below it. it needs to see a gain of 4 4 4 the -- 4232.7 points for -- 4232.7. -- 422 2.7. there it ising up 426, so we'll keep it on the bug here. the major averages look to close in the green comfortably with the dow, the s&p and the nasdaq all gaining. but let's not ignore the russell 2000. for the week the russell hasyonz podcast this week, i hope you check out my exclusive interview with the godfather of a.i., jensen huang. in case you missed the
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interview, what we did is we redid it all. it drops tomorrow. everyone talks to liz.t whethere thinks a.i. will a take your job, how he's dealing with massive demand and the essential needs of nations around the world. >> electricity, energy, communications and now artificial intelligence are fundamental parts of a nation's infrastructure. not just -- it's not just a widget or a thing, but it's a fundamental part of the infrastructure. kind of like the internet is, kind of like cell phone communications these are fundaml things that every single nation needs to have. liz: power grid. if ai is as fundamental as
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jenson says, investors need outside the box ways to play the booming industry and count down closer is here with ideas. ceo tom hewlett joining me now. could be one of any areas of ai. which area do you like and what are the names you have pinpointed as best opportunities? >> liz, thanks for having me today. boy, what a great day to be on with the dow closing back to what we're focusing on. grateful to be here and we like the downstream names that are participating with all the success that nivea has shown up us and the ai boom and we've talked about wal-mart and how wal-mart is kind of transforming themselves to the customers making more than 100,000 a year and earnings growth is actually showing it year over year up
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over 10% and we really like wal-mart and second pick is constellation energy group and who doesn't like nuke lawyer energy. nuclear energy and that's no longer a dirty word and look at cybersecurity with all the ai that's in place and all the bad actors that are there, you've got to protect yourself and we really like fort nit and that's ticker symbol ftnt and talk talk about all those three things. liz: drilling down on constellation energy group and it's down 3% and got a shin kick from the government that ruled against it for diving back in to at least a certain part of the nuclear ambitions so how do you scale that and look at it and figure out whether this is the time to buy? >> we've been talking about energy space for several
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quarters and constellation energy it's a big beneficiary of reduction inflation protected act and going to have government subsidies and electricity prices falling down below the cost of production and there's kind of a put there. so there's an inherent volatility with electricity prices and one of the big weaknesses for the stock but now, you know, the weakness has been completely removed and we like this area because there's so many demand with ai queries and ten times as much as query with a google service connected and backstop of the federal government and you're bringing up an important point. liz: thinking about this company and looking at these opportunities ux you say this is really one that gets you excited, specifically why? >> well, ai technologies continue to develop network security and it's only going to become more difficult and more
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critical for somebody to protect state of america so the cyber space for geopolitical competition and companies on the forefront of cybersecurity and strong potential beneficiary of the ai revolution and this is definitely fort net. liz: i'll tell you the competitor network down 3.5% and significant mover and tom hulick, great to have you here. folks, this quelled up on us. this is a record close for the dow jones industrials with the gain of 431 points. the dow make ir the "claman countdown". thank you as always so much for joining us. kudlow is next. larry: hello, folks. welcome to kudlow. i'm larry kudlow. so, the stock market and bitcoin keep
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