>> they're like small caps but smaller brother than larger ones and large caps are 30% of s&p is tech and look at inside mid caps and more like 15% and getting more of value and mid caps and some insulation against the recession natural rights approach environment and going for them. charles: thematic names i want to get on the board we have just 30 seconds or less to go. but i know you like eaten, full disclosure and subscribers with eaten as well and love the >> i have to agree with you. >> we have a reassuring fund, you five seconds to tell us, seven seconds. >> this is the easy button for investors in etf product the reassuring etf rs hl, it's a little bit of everything. >> great stuff, liz claman to you. liz: i had a lot of everything.

>> so did we did you think about the alka-seltzer commercial. >> i cannot believe i ate the whole thing, they don't make it like that anymore. thank you, happy first day of trade for december what a crazy final hour we have ahead with fed covered or chris waller that will speak in 14 minutes he is a voting member whatever he says could make news, to ceos of major companies are out both stocks are making significant moves chips are going wild and were on record watch, let's start with that, the nasdaq needs 80 points at the close and i suggest it is 8182., the s&p can do it to after crushing the 53rd record of the year on friday. any gain of the close for the s&p will mark record number 54 and right now the s&p is up 16-point, dow has same opportunity the point loss that we see right now is narrowed quite a bit the low of the

session triple digit losses but the moment down 77-point might be a little hard to overcome on the 59 minutes of trade a fresh terror threat posted this weekend by president-elect trump having a negative effect on the number of the blue-chip stocks let's look at the heat map the dow losers all overseas exposures amgen for example has a presence at about 100 countries j.p. morgan serves customers in more than 100 nations, honeywell 80 countries, chevron active and 180 countries at this .3 quarters of the doubt 30 are in the red coming up alive report on washington, d.c. on what trump is threatening out in which countries are in the crosshairs. the biden administration putting china's entire ship industry in his crosshairs and that has a u.s. mi connector stocks

jumping, the stocks index the basket of the biggest names moving higher by then 2.5%, chip equipment makers and applied materials are both charging higher lamb up 5.6% materials 4.6% this after the commerce department released new curbs that prevent american companies from exporting any high-bandwidth chip software or equipment that china could use advance or enhance the military technology that would include memory chips but that does not appear to be hurting micron western digital or architect or giant, western digital turned negative and have been positive most of the session it is up for the half% micron of 1%, the two ceos without a job both intel and stellantis woke up to major changes at the top intel ceo pat gelsinger retiring after 60% drop in the stock and stellantis carlos tavares quit after clashing with the board with the

turnaround plan for the automaker which include jeep, dodge, ram and chrysler is not enough news, intel had been up 5%, and lost all of that now is down 1% to kickoff the final hour of trade let's get right to the floor show are two traders kenny polcari, let the reindeer games begin. where is peter tuckman, could not get in front of the camera. >> it is you, take it away give me a sense of what the first trading day what the first trading day has to say weather weekend see gains to november the s&p in the dow best month of the year. >> it was a great month i'm not complaining, i do think we are tough i don't think today

suggest that we will keep marching higher into the end of the year. we could certainly if they hit us with a great headline that the market loves i don't think it's causing all kinds of banks quite honestly most investors assume that the terror conversation will given leverage and allow him to have these conversations i don't think the market is expecting we will get the crazy tariffs all over the place. it does respect the fact that is having the conversations and putting it out there that countries are responding to it. that is the positive side of it because i don't see them take it over. one way or the other out-of-the-way the market is acting and were making new highs but it feels a bit topping to me it feels a bit. liz: it feels copy, i want to tell you i just sent tuckman attack enter text saying get to the camera can we get a shot of him being miked up take the shot of the new york times.

>> did he forget about you. >> unbelievable. while he is getting less for mission video weight is let's get to what you see is an opportunity again don't fight the tape that is something that peter has said over and over again but at the moment what you see the tape saying as we forge towards the last federal reserve meeting of the year and a couple of weeks and were waiting on chris waller who supposed to speak it you minutes could have that spoil the reindeer games. >> it could i don't think the fed is going to cut rates in december. i think they welcome back and say a lot's happened we had the election and got the tear talks and for inflation to heat up we go to what the policies are to be we are going to hold steady that what they should say and that's what they were going to say and i think the market take a pause on that clearly in the market is pricing a rate cut in december i don't see it, i think

once they say that the market will digest. i don't think we'll have a major selloff at all but i think the market will digest, here's where were going to get the year right where we are i expect this to turn a little bit lower take back. liz: unless something happens between now and friday and we put up the economic data calendar we are getting the friday jobs report for the month of november and therefore as we look exactly what will are expecting if it comes in a little hotter, the expectation for a gain of 195,000 jobs, unemployment rate one tenth of 8% of 4.2% it comes in a little hotter, that could definitely sort of spooked the horses or the reindeer, hold that thought guess you finally showed up, mr. >> whatsapp.

>> it with the program homey for the floor of the new york stock exchange, we are coming off a killer november for the dow and s&p at fresh records in the next 43 minutes, 53 minutes. at the end of the day for the nasdaq and s&p do we do a repeat of november, is that possible. >> it is possible we just talked about spooking the poor reindeer there is a wonderful tidbit about historic data eight times out of eight times with the presidential election cycle you have a rally into the election in a follow-through after the election in a positive bullish market coming into the election follow-through after that and a pullback from november 12 until november 21 and a nice rally into november black monday black friday and as santa claus comes to town rally through the end of the year, this market is doing

exactly that one more time. obviously the market could get spooked by the jobs over the comes out later in the week we have a 66% as of this morning 66% chance of an interest rate cut for december. that's good give the market for support that it wants the market look, if they really want to sell itself off it would but nothing has been able to spook the market. there's so many different possibilities, mr. trump by bringing elon musk into the fold has protected himself against any irrational behavior around tariffs and china. i think that has protected the markets, there is a carveout there. i think the market is protecting itself, mr. trump is protecting himself, the market is so st strong, it is extraordinary we are day after day week after week hitting record highs across

the board and did everything. even in crypto. it seems like people are trying to grab value wherever they can find it. >> crypto were not at 100,000 yet but were at around 95000 we can throw up bitcoin huge amount of money flowing into bitcoin etf over the past couple weeks. right now bitcoin is that $96062, with that said everything has been moving higher except maybe on an occasional day bond yields but they're up there. if you look at the two-year look at risk assets, baby oil is not that exciting or gold because it denominated in the u.s. dollar which we will talk about in a minute can everything continue to move higher. liz: go ahead. >> i don't think it can. that is the point i think gold,

oil is floundering at 6800, gold is not sure which way to go but is so sensitive of what would happen with the fed are they going to raise rates are cut rates what will chuck do with the tears gold is in the confused state of the moment which is why i think it's keeping a very tight in that range, in terms of stock can they go higher, they could i would love to see them go higher and i would love to see them build the base and shake out the we can't afford continues to march higher that's what i think everyone says can we go higher, can we go higher that's where you have to be more vigilant and cautious about how excited you get to wanting to work because you think you're going to miss out, you are not. >> can i jump in on this, two quick things, i think what are the biggest things around oil going higher is the sensitivity around was happening in the middle east from day to day we don't know what is going on and over the last month and a half

we see the market go up and down based on the news coming out of the middle east, gold had an amazing rally in the fact that it pullback is normal, it is healthy and normal, take about it the last three months the rally was a flight to safety around fear and around the election and the war in the middle east that is sort of getting tampered down and the risk on trade the flight to safety is once again bitcoin. that's where i am seeing it. liz: go look at your phone you'll see this text, get to the den camera, golly, my goodness. great to have you both. so good to see you. kenny, peter are two favorite traders, oz, oceana and the roman coliseum power in the box office to all-time records. we will tell you which stocks are soaring to five-year highs, two of them thanks to wicked,

moana two and gladiator two. the woman warned wall street of calamity in 2007 is here to tell us if she sees developing cracks in the market economy, meredith whitney straight ahead on "the claman countdown". dow jones industrials in the red by 83-point and s&p and nasdaq on the way to fresh records. ♪ (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses 's inv added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap.

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liz: fox business alert, gapshar after j.p. morgan upgraded the retailer to overweight from neutral and raise the price target by a couple of dollars to $30 a share the stock is up six and have presented 2580 the bank

says is on track for improved merchandising and the brands and banana republic had a blockbuster with $221 million in domestic ticket sales between wednesday and sunday, that folks is the strongest five day domestic thanksgiving opening of all time, walt disney shares not getting a bump on that down about a half 8% and then you look at paramount strong sales for moana two and wicked and gladiator to collectively lead a record-setting thanksgiving we can. comcast, paramount are part of this, everybody slightly in the red but the theater chains in the u.s. and canada sold $420 million in movie tickets over the five day period, that trio helped technology operator imax deliver the highest gross

and thanksgiving 5k total ever raking in a jaw-dropping 24 million globally the stock hitting a five-year high. imax breaking out and is now at $26.75. cinemark is hitting a five-year high after the movie theater chain hit domestic records benchmark raise the price target to $40 from 32. cinemark at $35.96, up 4%. amc bringing up the rear up 1.7%, with christmas and hanukkah 23 days away, the most wonderful time of the year if you're looking for deals today. we're going to take a look at retail, record-setting weekend from black friday to right now we were halfway through cyber monday, retail analyst is a champion shopper, she has been doing on the ground research. she's going to bring us the deals and the ripoffs, what is

with the 20% is the new 30%, i'm sorry 20% off does not get me excited. retail investors got to know joe mobley as the ceo of td ameritrade he grew the bank from the brokerage site to 700 million to 100 billion during the tenure balloon and client assets from 24 billion to 7 trillion, what a far cry from the floor he slept on and dartmouth university sports equipment room as the iv league football coach he could not afford an apartment the discomfort was enough to push him to apply to merrill lynch trading program at age 34 he was the oldest guy to get accepted but he grows to become the firm's most successful salesman and the rest is actually still making history. you have to hear what he's doing now, complete reinvention of a life you have to hear joe moglia

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friday are in consumer spent $10.8 billion the day after thanksgiving that is a leap of 10.2% year-over-year and adobe analytics is predicting between the hours of 8:00 p.m. and 10:0, cyber monday, people will spend $15.7 million every minute online, every minute, e-commerce company shopify is tracking the cyber monday spending minute by minute on the live spending globe, stop what you're doing look at your screen alive picture from shopify and what you see all those streaks is where the money is being spent and going a lot of it coming to the united states in the spending per minute is at $2.74 million per minute, can we go to europe, europe is hot right now.

i am telling you paris, the uk, people are spending and tilt to south africa, there you go, south africa they are awake and spending joining us retail analyst and chief research officer for age squared research who has been pounding the pavement all day black friday, tell me exactly what you've seen and how is this your different. >> each year we say people are spending more online and this is the culmination of this, we saw people going to the stores but it was for the hero products. if you saw any of the lines outside of target to get the taylor swift era's official book of all her photos, coffee table, very awesome, the swift's were lined up it was a specific anthology with the music, i was not lined up but you saw people in their, we also saw people

going online as well. the numbers that were seen coming out of online shopping, e-commerce for shopify and also after pay which is interesting, they said the increase in shopping online was up more than past years but also in-store traffic was up 18% this year. liz: what you seen who is a great deals. i was making a joke to the team and said is 20% off the 30% off what happened to 30, 40, 50% off now it's 20%, aviator nation makes a cool sweatshirt, 20% that was two months ago i need something more. >> i hate to be the bearer of bad news but 20% is actually an average discount for black friday that retailers offer. liz: what about cyber monday. >> cyber monday discount between 20 to 30%, if a retailer is going more than trying to get rid of inventory in a brand like aviator nation i love that.

they don't want to dilute the brand. when you see anything more than trying to get the inventory out of their or they are really trying to move that out and inventory, i went on the site are 60% off some of the older inventory. older inventory, that's operative word. liz: that's the thing you go on the other sites, what about the team retailers have a copy and finch, american eagle outfitters, these are companies that kids like to go in and have spending money and were looking at whether they offer on days like this. >> it is interesting they have been let's take a retailer like apple copy and finch they ramped up on social media with tiktok and are not only looking at the nostalgia aspect of abercrombie everybody was wearing a 25 years ago and now our moms with kids and they want to revisit that they are catering to that, with

the discount they have been offering this counsel last couple of months now they offer deals for people who are lifetime shoppers were frequent shoppers if you are on the inside were part of the members only club you get more significant discounts. we see that across the board with the different retailers. liz: can we go back to shopify live globe. i want to see what asia is doing. japan earlier was lit up like a christmas tree, the entire country of japan, the yellow part totally awake at 5:39 a.m. at the moment. but the yen is also stronger is it not? they are waking up they don't do thanksgiving, they know that we do and we do cyber monday. it's now become a global phenomenon. >> absolutely everyone's indoor sport when you don't have a shopping day dedicated to after a day that we consumed and eight uc everyone lighting up as we saw on the globe waiting to get

part of the shopify phenomenon that were getting involved in. liz: tvs are always a big seller. >> i'm telling everybody to wait until january all the newer models are coming out in january so the older models go on significant discount. liz: fox business will be there right under front and center at cvs as we always are the consumer electronic show. it's great to see you. you're going to fifth avenue and going shopping. >> right away taking a lot of pictures and video for everyone. liz: thank you. business executives and world leaders making a beeline as president-elect donald trump throws around a new tariff threat. we will get to a live report from the white house on who the latest terrorist target is. in fact a group of countries, a whole bunch of them. we will tell you she predicted the largest financial crisis in history, listen up meredith whitney is about to tell us what she sees on the horizon for

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liz: trade war fears tighten as president-elect donald trump made new tariff threat against the brakes nations over the weekend. the original brakes alliance includes brazil, russia, india, china south africa. in recent years new members iran, egypt, ethiopia and the united arab emirates have come aboard. trump stated a post in social media that he plans to level one 100% tariffs on any nation seeking to create arrival currency to the u.s. dollar which is what the brics have recently floated, the tariff threat is taking a brics back to the brakes nations today the brazilian braille, the iranian

and the chinese falling against the u.s. dollar russian ruble unchanged at the moment. trump's previous terrorist threats against canada and mexico seem to have the leaders of the nations in reaction mode, hillary vaughn is joining us from the white house. it's got people's attention. >> is getting people's attention, is getting russia's attention they are responding to the tariff threat by trump the kremlin spokesperson saying if the u.s. uses force economic force to compel countries to use the dollar it will further strengthen the trend of switching to national currency in international trade but some economists are laughing at the idea that brics could come up with a competitive currency that would dominate the u.s. dollar. >> the united states is the alpha male economy we are the ones with the most stable currency i do not see brics as being any threat to the u.s. dominance in terms of our

currency. >> saturday nights get the idea that brazil india ruby, the russian ruble will replace the dollar, it's a must a bad joke. meanwhile democrats don't doubt that terrorists can be an effective strategy and can produce results that will favor u.s. workers and businesses but they don't think that trump is thinking through his terrorist threats. >> donald trump engages in thoughtless insein tariff policy that ends up in prices going up but jobs not being created in the united states. you have to use tariffs in the right way and if you use them in the right way it can create j jobs. trump is having success with the threat of tariffs, that is enough to get him what he wants, mexico's president claudia sean bob has said there stopping caravans of migrants from making their way to mexico to the southern border, canada's prime minister justin trudeau after meeting at mar-a-lago on friday

says he's employing more resources, drones and personnel to the northern border. >> will tell you what hasn't changed is the importance of leverage and i have to say you look at the threat of tariffs against mexico and canada, immediately has produced action. >> some industries in the u.s. are not worried about terrorists, they say bring it on, the steel manufactures association saying they want trump to use tariffs to target steel from other countries coming into the u.s. to level the playing field for them. liz: hillary vaughn, thank you so much for the concept about terrorists, the worry about them they could reinvigorate inflation because any incoming goods to the u.s. from foreign nations would be more expensive but this moving out the wire, federal reserve governor christopher waller saying even though decline is an inflation

that has been stalling, he's leaning toward lowering interest rates further with the federal reserve meets later this month. he was speaking at a conference of the american institute for economic research you see a little bit of a reaction in the ten year treasury yield. the earlier gains as a future slightly raised the odds of the 25 basis point cut this month, right now the yields are still up one basis point for the ten year, the dollar is peering games despite the waller warning that inflation progress is stalling and with tariffs and tax cuts on the horizon will inflation move in the wrong direction meaning heat up, with just the woman who predicted the last great recession in the form of the housing crisis respective analyst and founder of ceo meredith whitney advisory group, meredith whitney, first of all i am not sure if we have the cart running before the horse on both sides, the brakes nations have only floated the idea of basically creating a new reserve currency to take on the u.s.

dollar. on the other end, donald trump is not in the white house just yet he is starting these threats, how concerned are you about the potential for roiling up the financial world. >> i think if you focus on day-to-day volatility you lose focus on larger opportunity in the market, china has been trying for years to create an alternative currency and even pain russia accepted it for oil this is not a new thing certainly the very strong language at a president-elect is new but i have to stay focused on the year and i don't get as upset as some people do, mentally i'm not a currency trader but i look at the opportunity in the market and i don't think the very strong notwithstanding rhetoric on

tariffs. >> when you say market opportunities you mean u.s. embassies we had quite a year of record after record and were on track for two more today with the nasdaq and s&p. >> technology has been in a market of itself that i look at what is going on in terms of what is going on with financial markets and liquidity coming in to financial market which liquidity coming into consumer market one of the things i focus on it is happening with all the equity in their home there is $35 trillion of equity sitting in individuals homes and a lot of that, at least i believe a quarter to a half of that is taxable meeting homeowners can access the various lines of home equity, close home equity, mortgages, home equity line of credit, home equity investments

or share arrangements that will be liquefied consumer balance sheets and re-accelerate consumer spending. liz: that is a good sign although if you look at the cyber monday numbers that we are seeing, people are spending $2.7 million per minute and we had a very nice black friday of record in certain areas where the opportunities in fear, you are known for being able to look on the horizon and see things others cannot and do you see any at the moment these are something the others are not looking at and alone which is the high end the high end spending you hear a lot of people talk about ak shape economy, the high end is doing very well in spending with discretionary spending i call

the avocado toast they don't own homes and by mortgage payments and high homeownership and homeowners insurance and property taxes and a slowdown in spending that's what i'm referring to the dollar stores are reporting this week i think the dollar stores have bottom tier, they're both down like dollar tree and dollar general, 50% for the year, dollar general gone more than that over the last 18 months, 65% i think they bottomed and i think you will see the consumers do a little bit better, and might not happen this quarter but it will certainly happen in 2025. from a credit perspective i thu will see credit balance is paid down by debt consolidation loans and then people run the balances backup,

this is a worry i have 3 - 4 years from now but i think all bets are on, game on right now. liz: when you say a rolling loan gathers no loss, that is your line, i like it, kind of excited to us. >> that is not my mind that's an old adage in financial services when there's a lot of equity. liz: you should've taken credit. >> a rolling loan, there is liquidity and people can keep extending their credit balance meaning they will pay off the credit card and a personal loan or debt consolidation loan then they will run their credit card up again, as long as liquidity is going to the market and there's so much liquidity on the sideline looking for a loan this is coming from private credit there will be no losses.

i think that means a green light for consumers and for a lot of the lenders. liz: happy holiday, thank you for joining us. thank you so much. in person next time. liz: sounds good, meredith whitney. it is gone from a little ripple to the third-biggest wave in the crypto currency world, charlie breaks on the big splash of investments on exar p as another company looks to get in on the tokens etf gain, that is next on "the claman countdown", stay tuned we're coming right back. stay grounde d. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation.

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alert, srp is now the largest crypto currency behind bitcoin and ethereum and inching towards the $3 level and just a few months ago it was at 50-cents. right now at $2.73. a gain at the moment today and what we see over the past one month, 56% pop but look at one month chart closely. the asset skyrocketed dramatically 436%.

what's the 56%? it's 400%. what's behind the big moves, charlie gasparino. >> not me. i think our guest when you were -- when you lost your voice. liz: yes. i sounded like a frog. >> i lost my voice too as you can tell. just coming back. christian carlo could be the new crypto czar when the new committee when it's established and cftc chief and adviser to trump transition team and all things crypto. he predicted on this and almost guaranteed that the remaining sec case against ripple. remember, they're essentially like appealing the whole thing. and that he lost half and won a part but they're appealing the part they lost. he thinks the sec will drop that. that really sent tongues a weighing. liz: xrp is the native token. >> yeah, and christian carlo sated, and trust me, i follow this on the internet and the

clip of him and me talking went viral in the aftermath of that. on top of that, there's new xrp etfs that both people are talking about and put all that together and there's a bull run. i will say that i think be careful here. i mean, i disagree with the sec it's a done deal. the case going through the court and whether you think ripple is guilty or innocent, the court established a weird disclosure precedent and said retail investors that buy on the secondary market don't deserve the same disclosure requirements as institutions and thus their xrp is not a security. they said the institutions were a security and demanded more disclosure and they can't let that stand and not saying that

ripple can't work things out with sec in terms of settlement but they can't let that court case stand. be careful if you're speculating based on what chris said. liz: intraday up 57%. >> this is the crazy and other stuff, let's be clear, all the cryptos are going through the roof and bitcoin off a little today. there's a bull run on digital coins and trump administration promising a lighter regulatory hand and gary gensler and degree of exuberance and rational. liz: i'm now shorting micro-strategy and there's a huge split between rational movements and more. >> ting kind of a computer company that's buying bitcoin. i don't get that. by the way, there's a lot of

etfs feeding off of that micro-strategies bet and journal did a really nice story on it. i'd be real careful for the technical factors and it's getting way out of hand and suppose the sec says we're going to bring the case. does it go down another $2? liz: donald trump has said incredibly friendly with this case. >> listen, if you look at who he's talking to for sec chair it is paul atkinses. paul atkinses right now from what we keep hearing down in mar-a-lago and talking to trump and he's a long time securities lawyer and commissioner and he understands the disclosure mandates and you can't let u.s. federal court ruling stand that says retail holders. it was a stupid ruling and the judge in the case said obviously there's nothing about securities law. you can't allow that sort of dual disclosure mandate when there's basically saying that

retail deserve less information than institutions. so i just wonder if, you know, here's one way to work this thing out and i think -- i bet you ripple comes and does a sell. this is my belief. ripple will do a settlement with sec and says here's our disclosure and how we make money. by the way, here's something interesting and ripple has something like an 8-$10 million market cap right now. with no disclosure. liz: buyer beware. that's going for everything, always. charlie, thank you very much. charlie gasparino. closing bell about three minutes and 20 seconds away. s&p on track for its 354th record close of the year and year-to-date all three seeing double digit gains and dow up about 18% and s&p and nasdaq up more than 20%.

can we show that kristin by a healthy consumer and still firms job report and job picture. all though who knows what will happen on friday with the november jobs number. we have scott lattner here to guide us through the new normal. scott, how do we do that? >> it's a lot of what we've been doing and still an economy with global banks and going for them and going for them and we caution folks and let's not all get overboard on overweight on the u.s. and consensus trade for trump for the first time and that's going for them and this

go round, everybody is saying the same thing and getting on board u.s. stocks and woe need to be a little bit perspective on that. liz: okay, where if not the united states? >> our favorite non-u.s. market is japan. japan, one, first and foremost not in the trump tariff cross hairs and benefiting from ai and that tail wind and behind it and it's a long, slow and underappreciated thing that's going on in japan right now in terms of corporate culture shifting more towards shareholder value and less about stake holder value and that's creating a lot of values and japanese shares for the last 24 months. liz: yeah, this shopify live globe and the monday spending and entire nation of japan was lit up and like somebody jacked up a lightning bolt can you

really ignore tech and apple hitting an all time record. >> we love tech and it's the mid 90s and have to be on board this train and allocating tech, be market weighed and can't be shorted and in terms of tech, anything dealing with ai and second generation of ai stuff and what's not going away from chips and this is going to play in the world and users of ai kind of what company going for them and the product and i have the it's the next trade for 2025. liz: scott, we'll wait to see. 2025 couple of weeks away. the closing bell for nasdaq and s&p. we'll do it all again tomorrow. larry: hello, folks.