highs. young people are saying i'm never going to be able to affor- charles: so splurge on something else. >> so concerts for 3k, that's reasonable. charles: real quick, lady, a vietnamese tycoon has be ordered to repay $111 billion or be executed -- $11 billion. sounds like an easy thing. [laughter] we're in a period where everyone's pushing back on on corporate corruption. this is a little extreme though maybe. >> maybe. although we'll see what happens under this new administration. i feel like there's going to be a lot of people that got to rise in this government, and maybe now they won't get to. >> thank god for democracy concern. charles: they won't be executed, but they may feel like it. feeding at the government trough, i hope, is over. ladies, thank you both very much, appreciate it. all right, liz claman, over to to you with. liz: what a killer show you just had. oh, my goodness. ifs nateing stuff, charles. thank you so much.

pokes, we are looking at a torrent of records flooding wall street as we kick off the final hour of trade. yes, major indices are barreling to never before seen heights. let's start with the dow jones industrials. it needs to see a gain of 20 the 5 to mark its millionth record of the year -- 48th record of the year. my gain for the s&p and nasdaq mark new records, the nasdaq is charging higher by 224 points. russell 2000 up just under 2 points. the stocks surging to records, you know what? see if you own at least one of the following, salesforce if zooming to the top of the dow and the s&p on a quarterly revenue beat, and a sunny forecast for its agent force. that's its new a.i. tool. and look at gain in chip maker marvel isl, up about 23% -- marvell, starting to see the best alternative to nvidia's a.i. chips as nvidia works really hard, some would say

struggling, to the match its supply with all the demand. the chips driving everything from chatgpt to salesforce's agent. and amazon at a new record and not just because it had a killer cyber monday. amazon up 2% right now. ark ws, its cloud computing arm, announcing its home grown a.i. chips are now available as a competitor to nvidia as well. and as the rival chip sharks swirl, nvidia's holding up well, it's up about 3.6 percent. while not at a record right now, you got to hook at this because the bulls are swarming the entire tech sector. in the meantime, we need to get you an update on this horrific murder this morning in manhattan of united health group's insurance subsidiary ceo with, brian thompson. a massive manhunt is now underway in what a nypd is calling a brazen, targeted hit. thompson was shot multiple times as he walked into the hilton hotel in midtown for united health's investor conference. cops say the murderer lay in

wait for the victim and then shot him in the back as he walked into the hotel. police have all kinds of surveillance video of the horrifying attack and his attempted escape on a citi bike there. you see both of hose moments. we're about to take you live to the scene, it's just five blocks up the street, in a few minutes for the newest information. until we get in that, the 39% jump this year in at&t shares has embolden ceo john stank key to -- zen key to unveil a plan focused on giving billions to the shareholders. coming up, if his first intu view since yesterday's analyst shareholder meeting, john will join us live moments away. he's going to share his vision on how the company plans to win the battle for wi-fi and broadband supremacy. for the moment though the s&p is the one reigning supreme, on track for its fourth record in a row and its 56th of 2024. so what could possibly trip up

this roger banister market? you remember roger banister, right? if he was the first to break the 4-minute if mile? joining me now, david dietz of p pack private wealth management. you don't see any warning lights on the dashboard? multiple records across the board, apple, meta that, really big day here. >> we've got so many tailwinds going on. we've got, of course, the trump election who's promised to make america efficient again. we've got a federal reserve which is ago arguably dovish now trying to lower interest rates because inflation is coming down. at the same time, analysts are projecting a jump of double digits in terms of earnings next year, up 15%. so you've got all these things that are if propropelling this market. liz: yeah. and you also have earnings, s&p earning about a 97 percent of s&p have reported their numbers, something like 76% have beaten earnings per share. 61% have beaten on revenue, but still revenue is up

year-over-year, so people are selling something. >> yeah, absolutely. well, i mean, they're not investing in bonds right now. we've actually seen bonds go question yes, sir -- question yes, sir sent since the trump election. the money's coming from outside our borders. there's a great sucking sound of money coming into the united states as brokers say you've got to diversify the united states. that's where the action is. liz: could we show the line chart of the 10-year yield? it's at 4.18% right now. intraday the high was around a 4.28%. so you look at this slope down and you know that, obviously, jay powell, the head of the federal reserve, just got off the stage for "the new york times" conference, and he was very calm and copesetic, you know? he just talked about how the economy's in a very, very good sate right now. it almost feels goldilockses-ish. what do you predict for

december? and exactly who weeks from today we get the announcement. >> first of all, we're going to have two key pieces of data. probably the most important is the jobs report on friday. we're expecting a nice rebound from october because the hurricanes have aa baited, and the boeing strike has ended, but exactly how that shakes out is going to be important. and of course, we'll get one more inflation read. as much as i hear powell saying we're looking pretty good, what were they thinking in september when they had a 50 basis point cut? is so there are some issues in terms of housing, in terms of inflation coming down and raising real interest rates. that's something they're watching carefully. liz: yeah, i would think. but when you look at the year to date picture of all the major indie e -- indiceses, the s&p up 28% right now? this is pretty stunning move. and and i'm not sure anybody predicted that the s&p would jump nearly 30% this year. >> yeah, absolutely. it's been phenomenal. the problem is we like to to

look back at history and say what has happened in the next year after two years in a row of over 0 -- liz: and? >> it's happened nine times since 1950. in eight of those finals we average only about a 3.6% return in the following year. so it can't continue like this based on history. and, of course, we love that 15% growth, but if that growth doesn't come through, and, of course, there's other issues, the federal reserve could be thinking about what could be the effect of tariffs? to what extent and what will be the effect? these are urn certainties. liz: yeah. well, microsoft at $438 a share it's really unbelievable. i remember when it was barely at $30 a share, and it just couldn't seem to break out, and it was talking about maybe, you know, merging with yahoo!. this was years ago, but to see these gains shows that long-term investing truly matters. there are a lot of people who go into, say, for example, at&t for a long-term play because it has

such a rich dividend. we've got john stand key coming up in just a few minutes, he's going to spend a fortune driving up broadband. he's going to be spending a lot of money here. do you think that he can then get a bigger market cap and finally get closer to, say, verizon and t-mobile? >> well, i tip my hat to at&t who's counseled the return on verizon this year -- doubled -- liz: they sure have. >> -- outperformed s&p and, of course, at&t was everyone's kicking sewn there, but they're really getting the job done, and now they have plans to return about $40 billion to shareholders over the next 3 years, that's 25% of hair market cap. liz:, the t-mobile striking a relationship with starlink and elon musk and what does that do? >> so here's my concern, liz, have you ever gone to your favorite vacation spot and frustrated because you can't get the cell phone service? of course, we all have. and there's one person who can

fix that. he controls 6700 satellites, and he's sitting right next to trum- liz: are you saying that fiber doesn't matter? >> certainly, the cash cow is that wireless service, and the u.s. regulators just green lit their arrangement with t-mobile to provide service in all these dead zones. what's the next accept? ultimately, the satellites can provide coverage throughout the country. then who needs all the taxer, the and, the -- at&t and verizon? liz: it used to be you'd need broadband for the rural areas. i do have to ask you, because we have been following palantir for years, and we have understood the lock they have on data aggregation. alex karp a, the ceo of palantir, he's coming here exclusively tomorrow. he'll be on the show. you are not a palantir fan like a keith fitz-gerald who often sits in this chair and comes on

the show. but it's had an incredible quarter to date, year to date up more than close to 300%. what's your problem with palantir? >> so i love palantir. here's the problem from an investor's point of view, what you pay does matter. of course, the stock is up eightfold, it's doubled just since president trump's election here. one of the concerns i have, there is no wiggle room for any kind of problem. so, for example, they're going to provide a.i. for military applications. great, but mr. trump was partially elected because he's going to stop that war in ukraine. he's going to have that war ended in israel and the middle east -- liz: but they have really expanded into a commercial business here. i mean, they have a bunch of people and companies. >> well, let's look at that. for example, a lot of their contracts are with the government, but guess who's now sitting next to, again, mr. trump? musk and the doge crew, right? if vikram and so forth. there may be a little less spending on government contracts and, of course, now they want to

go after the so-called a.i. browser fortunately well, good luck. you've got google, apple, microsoft. they're not companies you can budge is easily. your paying over 50 times not earning, 50 times sales, liz. earning 6 cents a share, it's a $70 stock. >> well, alex is going to sit many that a chair tomorrow. i hope everybody tunes in, fox business exclusive with alex karp. and this has been one of the biggest winners for a lot of investors. so i'll let him know what you said. [laughter] thank you very much. david dietz. all right, we promised we would get you the breaking news on that horrifying murder of united health care ceo brian thompsonson this morning in midtown manhattan. new images of the gunman who shot thompson multiple times. the police calling him a light-skinned male, he was wearing a black hoodie, a mask, gloves and a, quote, distintive gray backpack -- distinctive. police are still searching for the suspect who fled into

central park after committing the deadly hit. let's take it live to the scene in midtown manhattan. police are locking down the area and keep in mind this is ahead of this evening's rockefeller center tree lighting ceremony which takes place literally across the street. thompson was shot multiple times outside the new york hilton the hotel on sixth avenue, and police are putting out in fits and starts all kinds of information, but the one thing they say was that it looks like a premeditated attack. and there is this, nbc news reports thompson's wife confirmed he received threats recently but did not alter his plans to attend the investor day in the new york city which was, obviously, canceled. fox news' alexis mcadams is live on the scene. what can you tell us, alexis? >> reporter: hey, liz. first, let's just set the up. as you know, it's the holiday season, it's a busy time in new york, but we're also talking about a 50-year-old dad of two

young kids who now leaves behind his wife, and they all found out about this horrible situation by finding it out from the police when hay got a call saying that brian thompson had been shot and killed when he was supposed to be in the big apple for a business conference. i want to show you new video. this is this is the it on your screen. this is that ceo with. he was shot once in the back, then he drops to the ground. this gunman, who's got his face covered and that coat covering his face, doesn't stop there, he moves in, shoots at least two more times. he was able to unjam the gun pretty quickly, sources saying it was premeditated, he also knew what he was doing with that gun. he walks across the street and hops on an electric bike to leave the area. let's pull up new videos or pictures of that suspect. this was taken at some point we're told by police sources. you can see his face is covered there. he's somewhere here in manhattanful those are now key

pieces of evidence too as this investigation continues. we checked in with the nypd who says this thing is active and ongoing. this is what they have to say. >> the shooter steps onto the sidewalk from behind a car. he ignores numerous other pedestrians, approaches the victim from behind and shoots him in the back. the shooter then walks toward the victim and continues to shot. >> reporter: okay, so we're talking about the united health care ceo, brian thompson. thompson was here in the city for that conference. i want to pull up his photo one more time if you guys have it so we can put out on the screen. he was in new york city, but he lives in minneapolis, minnesota. he was supposed to just make a quick business trip, as you said, liz, his wife did know about some threats. as for if this ceo had security, you don't see anybody on the surveillance video except this bystander who was drinking her coffee at 6:45 here in man manhattan. i checked in with a councilman also who 40 says he understands

why people would be scared. listen. >> seems like it was a targeted attack, it wasn't a random attack that happened on the street, but rightfully, people are concerned about the safety. if. >> reporter: and thompson was known as a stand-up guy by his family and friends. i did try to call his wife. i know she's trying to get tons of calls, and we just wanted to say we're so sorry for what they're going for. 9 where is the gunman? that's the question here many new york city, last spotted near central park. doing everything to they can to track him down as there's going to be massive crowds here tonight. liz: interrupt us if you get more information. thank you thank you very much. we're to going to make a hard turn here but whether it is palantir, google's gemini or meta's lama, it's boon time for the chipmakers because none of those a.i. bots can operate without them. why is one publicly-traded semiconductor maker closing its arizona plant and laying off hundreds of workers, and is that a canary in the coal mine for

the high-flying sector? which chip maker is struggling, coming up. and it's the massive demand for all the a.i.-driven data we consume that the has at&t's ceo throwing down the gauntlet, and it's made of fiber. stankey is about to join us live on how deplanes -- he plans to make the network even wider. 317 points.ndustrials gaining we're coming back in a moment. ♪

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liz:kay, this is interesting, investors are chewing up chewy shares. the stock has been struggling to t out of the red and got tre just before 2 p.m. eastern to. you can see it right there, erasing a 7% deficit after earlier plummeting to about 9.90. but you can see kind of reversed, it's down about 2. if 7% but still above that low therement we're at 32.69 at the moment. this volatility arriving after spending per active customer

only rose $2 from the second quarter. potentially signaling a slowdown in momentum for chewy. despite the mixed report, chewy did raise its if full-year 2025 guidance. but according to the american veterinary medical association, if you exclude adoption or purchase costs, the average pet owner spent $1,516 on their pet in 2024, just $1 more than last year. so are pet owners starting to pinch pennies because of inflation or high interest rates, or is chewy just going through a rough quarter? and what about medicine? what if your cat or to dog is really sick? joining us now in a fox business exclusive, sew etc. ceo kristin peck -- zoetis. >> you just came from the economic club of new york where you talked about how you see the economy as ipertains to your mister. what are you seeing?

>> first of all, it is great to be back, and we're really talking about how resilient the animal health industry is, and more particularly our diverse, durable portfolio that has produced an 8% comp in annual with growth rate over the last so it's been very strong. liz: okay. but what are you seeing right now in terms of consumers spending on their pets? you see the momentum starting to slow at least with chewy. dog ys are different treason medicine that that an animal truly needs, but what are you seeing? >> i think it comes back to the human-animal bond and that being so strong. and when you ask pet owners if you had a 20% reduction in your take-home income, would you spend less on the health care of your pet, and the answer is they wouldn't. 86% of pet owners would spend whatever it takes to keep their pet healthy. they may not be buying new collars or leashes, but chewy's autoship for prescriptions remains very strong. and we're seeing that in our

business as we look at our dermatologytology growing 16%. so we're seeing strength. liz: the advancements that you guys have been able to pull off are very impressive, and we were kind of stalking your speech -- [laughter] and saw that you talked about chronic kidney disease. that's becoming a much bigger situation for animals. what's going on there, and how do you treat that? is it a good revenue driver? >> yeah. i mean, 10 million dogs and cats suffer from chronic kidney disease, and there is absolutely no cure for it. really it's pal whattive care. i lost my dog, poppy, a year ago to it. it's been a huge area of unmet medical need. we believe chronic kidney and renal disease will be the next $1 billion market that we're awe depressively going after. so we, it's obviously tragedy the in, but we see it as a rell opportunity to change the lives of pets and pet owners. >> yeah. i my cat to kidney disease as

well. it's really heartbreaking. you saw it many your companion animal portfolio about a 15% operational growth in the most recent quarter. what do you see as the next big driver beyond what you just laid out? >> well, i mean, i continue to see the growth of to our pain franchise, our pair sit sides as big drivers, i see some of the a.i. diagnostics that we're launching being another major driver, and livestock is a comeback to growth. we're really proud of the performance year to date. we just gave out guidance for the year of 10-1 is % top- 1% top-line growth. so we -- 10-11%. liz: listen, nobody should short lassie -- [laughter] especially if they're in pain. kristin, good to see you. >> thank you so much for having me. liz: appreciate it. openai jumping into the defense business. ceo sam altman just revealed a new partnership with anderil to charles payne in the last hour right here on fox business, the maker of advanced tech for

drones for the air and sea. charles is going to reveal the a.i. genius behind chatgpt. you'll hear from sam altman next. and as the a.i. revolution takes off, at&t plans to build out the infrastructure needed to bring its capabilities to your mobile phones, your laptop toes because, guess what? the whole system is growning under these chat bot demands. ceo john stank by, at&t, is here next to talk about it all following yesterday's ambitious announcements at its investor day. "claman countdown "coming right back. dow is at a record. the s&p and the nasdaq at records. it's a big day for the markets. glad you're right here with us. ♪ ♪ ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts

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impact a lot of what we do, and people like elon and others feel very strongly. i think there are things we agree on. the united states has got to lead in a.i. innovation. this technology's going to be used by our adversaries, we've got to help defend american troops. liz: that is openai ceo sam altman right here in the last hour with charles payne. the focus? those very high-stakes for america when it comes to holding the global leadership in a.i. it comes as the company that effectively kicked off the entire a.i. revolution with the release of chat g if pt two years ago now just nailed down its first defense deal with anduril. charles payne, be sill my heart. i don't have to talk to you in some -- [laughter] random studio away. you get to be right here. what a fascinating discussion. and now they're making this deal because they've had a lot of other deals, but this one is with defense. >> yeah. and it's is fascinate being. i didn't get a chance to ask the

ceo of the defense company, but it's from j.r.r. tolkien, it means sword, the name of the company -- liz: oh, anduril. >> yeah. and the one part where they talk about autonomous sense making, because we've seen what's happened on the battlefield with ukraine and russia, and we know it's revolutionized, the drone sufficient? of course, recently russia launched the missile from north korea, they had to call america first and tell them they were launching this and not to to confuse it with an icbm. this is where warfare's going. so the idea we would add a.i. to ours to give us the edge is important. but also heir going to make these products, identify problems, fund them with their own r&d and then finish the product and then go to the military and say you need this now, pay us now. amazing. liz: really? >> yeah. liz: and what will the capabilities be? >> the most important thing so the stay in front of our add very cares -- adversaries. when i was in the military, i

was taught that countries sometimes deliberately try to to go to war, have skirmishes because it's one thing on the drawing board, altogether different when you're in if combat. russia's gained so much knowledge in the last but years that we need a.i. to catch up with what they've learned from ukraine. and we're going to need to find out why north korea's missile is something we've never seen before. a.i. allows america to stay a step ahead. liz: yeah. and, well, we are at least in the leadership position when you look at companies like a.i., meta, what amazon's been able to do, nvidia -- charles: right. liz: that's born and bred u.s. company. smci, all of these things. and you would think that would mean more jobs here in the united states, but all we ever here is a.i. is going to replace jobs. >> i'm glad you said that, because has one of the questions i asked. and he was very frank with his answer. take a listen. >> people will lose jobs. many new jobs will be created, i think much better jobs.

we feel a responsibility to educate society. as we see it, we'll be right back some things, wrong about others and and to be as good as we can as being stewards of this technology, but not everyone's to going to like all of the impacts. but this is coming. this is, like, a scientific achievement of humanity that is going to get embedded in everything we do. >> i set that question up with by -- a lot of folks think chatgpt is new. this is the fourth version of it. liz: yep. >> the first version said it was a human-like text. the second version said human-like text. the third version said human-like text. this version said they were focused on ethical considerations. and, obviously, that means, hey, you know, we're going to go beyond just being human-like to being so competitive with humans that actors are going to go on strike one last time to try to preserve their voice and their face because maybe you could make a movie just with a.i. at some point. and ultimately, will a.i. put everyone out of a job.

he says, listen, there are going to be new and better jobs at some point, but think about the five years ago. we said everyone should learn how to code. right now i think the last major coding company, computer company that a did earnings, 25% of the coding was down by -- done by a.i. so saul -- all of these folks that learned how to code in the last 10 years, they probably won't have a job. liz: yeah, but you've got to believe in the importance of human touch -- >> i told him i'm a natural born luddite, but every time the doubters -- it eventually does help humanity. it's so critical to be in the driver's seat right now. imagine if some other country had this advantage. liz: thank you very much. charles payne -- >> in the flesh, in the studio. liz: does that outfit have a volume button? [laughter] >> high and higher. liz: thank you, my friend. [laughter] well, whatever comes next for a.i., the technology is already

making huge demands on the entire telecom, wi-fi, broadband network in this country. and at&t just revealed a huge effort and a huge push to make sure that they're in a leadership position. the company's stock has been dialing up serious gains this year, up 40 plus percent year to date. the telecom giant has aggressively expanded and aggressively plans to expand for its fiber broadband network. as at&t's fiber broadband currently reaches 28.8 million consumer and wiz rotations -- business locations? well, now ceo john stankey just threw down the gauntlet and said we're going to expand to more than 50 million by 2029 and totally exit the legacy copper network operations the same year. let's hear more about how he plans to pull this off, john stankey is here in his first interview since yesterday's big mississippr and shareholder meeting -- investor and shareholder meeting. thatas our firstuestion, john, where does the capital

come to do all of that plus, you also said you were going toe the areholder bag a lot, 20 billion he form of dividendand another 20 billn in theorm of buycks. >> hi, liz. hanks for having me on. the way you do that you run thbusiness bter which is t team's done a grt job overr yeay hard bter where we've been able to grow r wireless $9 milonremental -- excusee revr me, $9 blionncmental since 2020. u look at ate'ven ab do inur broadband bins andring mo petration in fiber,nd that's been, you kn, a fantastic growing busine fors in double digime we've maned the cost se really wtoo. wee che efficien buness, anl at's inproving r ca now andur ca flow yiel. we've manad getur balan ee arelace. we'll arrivey mid ne year, anwe c u about $50 billion

of excess capital over the nt thyears ffently. start giving some thaback t to sreers. d you telshlds that, 's usulyrey go day. weid thayestday an chri, it was welceiv. going to kp inveing avily inur businthfuel this ganigrth year f the nt the yeughly, is gk into theetworkndk toour oduc, aa gog toets tover miion -- 5million fiber-ssed homes a busiss as we move forwar z:anouive aensefwhere the mebu? ey're, you kno probably ri iny ps we alrey stted ilng in a rtularetropolitan ar maybwe cer of a majo xt 60. youing eevegethe coinuingn thot pnt ate' alreadytart -- fopranfillinrewhwe haven just de

ti a t resources tget buere bsomeew cities startg ell. havso partnen ving osi oour itionaotint. we'rbudingexame,righnow in las n thphoenix arweildi inarts opesylvania. prints f us, b they'real ring -areas wherwe feel they're derserved right now. we can get therend ultily, atckhe market effectively. z: well, ialwaysice when theris hrunway o untapp opportuni. but even witth expansion plan, am crectn saying that this at&t'slan wi still, even athe end of it only cover with ber ughla third of the country? anif the compa is advantaged for that one-third, does tt mean two-thirds are and how do you reachhem? yeah.t' plan? actuallyi think what we talked about yesterday is by the time we get to 2030, i think the vast majority of the united stas th probably can economically

be built with fiber either because the rkets will support it or government subsidy will help support it will have been there's sill going to probably be -- still going to be probably somewhere between 0-10% of households hard going to be served by broadband technology that maybe isn't fire. hacked be advanced wireless services, might be satellite. but i'm to going to bet that if, administration appropriately allocates bead moneys that have been put up as part of the infrastructure act, the free market works in the way it shld in sending private capital to go into the market that you're going to see a very well-wired united states by the time we hit 20 the 30. liz: that would be nice. there are a few dead spots near where i live, so i'll get those to no you, john. [laughter] that said, you just mentioned satellites. david dietz came out at the top, and he was saying that t-mobile has struck this keel, you know, your competitor struck this deal, this partnership with

starlink, elon musk's satellite network up in the sky. and, you know, at some point is fiber going to sort of be secondary? and especially i'm thinking about that because the hurricane season that we with just got through was absolutely horrific, and there were quite a few outages. which is, i mean, yes, of course you would expect that. but at what point do you rook at satellite and say we've got to get beggar there? >> yeah. look, we are, we have a satellite play as well, and we're working with a global consortium of wireless carriers that are doing something very similar only we're actually using the native constructs of the handset that exist today so that the every handset that's out there can effectively speak to the satellite, and you can use voice services, you can get day -- data services just like you dod today to. so we with think that's a more consumer-friendly approach. but your point is a valid point. the fact of the matter is from a science and physics perspective there is no better way to move a byte of data than to do it on

fiber. st the cheapest, the best and absolutely from a performance perspective the best way. and that's not going to change. and once fiber's in the ground, it's always going to be the best way to move photographic. -- traffic. and so satellite's great and complementary, because to your point, it can sometimes reach places that are hard to get to where you're not going to build fiber. sometimes it can be a backup if an unfortunate event occurs where it will be resilient to local ground weather conditions. but it's the never going of the economics, and it's never going to have the scale and performance to replace fiber infrastructure that's in ground, that can pick up huge workloads that are generated out of people's homes or what you see in a business. you're still going to want to build terrestrial infrastructure for that. liz: so fiber's the new gold, eh? [laughter] it feels like that's what you're saying. before we go, john, because we talked about this last time, the new iphone 16 sales last time

around, you said they were pretty much similar to the iphone 15 sales. how is it looking now that we've got some of this in the rearview mirror in. >> they're pretty much similar to the iphone 15 sales -- [laughter] as i told you i think when we spoke about it last me, my expectation is because this is largely software-based innovation, typically it doesn't hit with a huge bang that we tend to have to have a couple of iterations of software before it really starts to make a difference and drive consumer demand. if i think we're seeing a little bit of that with the apple a.i. releases that, you know, there's some interesting things on it, but we're probably going to need a couple more turns before it really starts doing things that consumers say i've got to have that and can't live without it. liz: john, it's good to see you. thank you so much. if i don't see you before then, happy holidays. >> to to you as well, liz. good seeing you again. liz: thank you. one of the competitors in the weight loss wars has declared itself the winner. our countdown closer considers the stock one of his

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liz: oh, yeah, look at that graphic. closing bell ringing in five minutes. okay, lock the door. throw out your remote. the dow is about to make history. you can't move. you have to watch this. it looks like it's going to close above 45,000 for the first time ever. it's $26 above 45,000 right now. it touched an intraday all-time record. the s&p and nasdaq are also set to close at record highs, so we are watching all the market action. the dow stands right now at 45, 029. let's speed up the clock so it can see this close here. we'll see if it can hold. weight loss drugs have been a huge winner and now there may be a winner in the first head-to-head test. eli lilly says patients taking its obesity drug zepbound lost 20% of their body weight after 18 months compared with a 13% weight loss for patients on novo nordisk wegovg. the study was sponsored by lilly

but happens to be one of our countdown closer stock pick, senior portfolio manager thomas martin joins me now. thomas? okay, so, they sponsored the whole test here. so we get that, but what are you hearing about this and how long have you had lilly in your portfolio and you feel it's right for your clients? >> well thanks, liz, for having me on your program. we have been owners of lilly for quite sometime so it was even before really the weight loss drug started to come in but physician size increased obviously as the stock has outperformed the market and, you know, the idea is that the total addressable market for weight loss, you know, far exceeds that of the diabetes for which it's approved so the biggest thing will be can that market be realized through the regulators saying it's okay to write prescriptions for that explicitly, and of course when

that happens, the winners will be those that have the best drug, and there are a number of them out there and there are a lot of studies that continue to come out and the stocks move a lot in relation to that, so lilly's down actually 15% from its high and that still puts it among some of the best performing healthcare stocks which has been a difficult sector, but you know, this study was really a must-have for them. it had to come through the way that it did after the news prior and so it has, but there are going to be more studies and there's a lot more back and forth. we just think that they are well positioned within their markets and this particular drug to be able to capture that relative to their competitors. liz: well, look, i could talk about lilly and the pharma business forever, but we've got to look at these markets right now with two minutes left to trade. mr. martin, we see exactly what

a lot of people didn't anticipate at the beginning of this year and that was record after record after record, the dow jones industrials looks to close above 45,000 for the first time. let me just say though we are getting the november jobs report on friday. that may be if it comes in too hot or cold spook the markets a little bit, but what do you see for early 2025? >> well that's what the market really ought to be focused on after we get through december here, and you know, you see double-digit earnings growth in the s&p 500 and a broadening out of the sectors that have over 10% growth in 2025, so when you have that, along with some pe expansion that's when you get growth in the market that we seen today. its been a combination of that. so those numbers still look like they are pretty reasonable, and the economy looks like we're

going to get this soft landing and not even a no landing, so 2025 is looking pretty promising, and that's what the market looks like it's looking out to as it just keeps on going up in the month of december. liz: well, keeps on going up is what we at least are seeing for the moment. tom great to see you thank you very much. thomas martin here we go folks. dow 45,000. we are at 45, 013. i don't know, is it too close to call? 45, 017 is bouncing around here. >> [closing bell ringing] liz: here it goes in the history books it looks like it may very well make it s&p and nasdaq at records, alex karp of palantir tomorrow. larry: hello folks welcome to kudlow i'm larry kudlow. so, pete hegseth fighting hard and winning, i think, for his confirmation battle.