with you. what are the challenges? there are still challenges ahead, right? >> there are. i would say it's so great to have a president, to be putting people in these roles that are supportive of this industry. there's still the , you know, bureaucratic red tape to get through the government moves slowly. i'm really excited to see bills and how quickly they can go through but we also need to deal with the debanking side of this industry and i just hope that he can -- charles: it's great to have someone to speak out, and shine a light on something like this saying by the way, even someone as a billionaire, it can be in the crosshairs of the government. >> i think it's getting the attention it deserves, and so is bitcoin. charles: hey, you've been with us the whole time. >> its been great, thank you. charles: congratulations. by the way folks, the market just sort of meandering, waiting for liz claman to take it higher. liz: i don't know if i can, charles. breaking news we have a situation, folks, developing off the coast of northern

california. a 7.0 magnitude earthquake struck in the last hour, 40 mules west northwest of petrulia, california so offshore, now 5 million californians at this hour are under tsunami warning. the abc affiliate says the san francisco bay area rapid transit system known as the bart, their version of the subway, stopped traffic in all directions through the underwater tunnel between san francisco and oakland. evacuation orders have been issued for west berkeley. crescent city and parts of eureka which is on the oregon border, and i believe also, santa cruz county. so what we see right now, if we can show we've got live pictures of ocean beach in san francisco, of course you've got those here looking, dude, get out. we could have a tsunami.

we're going to keep an eye on the situation out west at any moment, we will get more updates. we promise you we'll get it to you but it is kind of interesting. we saw a bit of a reversal of fortune for the markets around the time that the tsunami warning came through. you're looking at the intraday picture of the dow jones industrials. remember yesterday closed at a record and above 45,000 for the first time ever. earlier when we opened the market it was up about 45 points but you see the dow has lost all of that and more right now we've got the blue chips down about 189 points. let's look at the s&p which also hit a record yesterday, and earlier, was up 8 points but you can see right now we have lost that in this afternoon's trade. down about 5 points. flip it over to the nasdaq hitting an all-time intraday high, trying to close at a record any gain would do it at the moment the nasdaq has flipped and lost about let me see , 54 points of gains and is now down about 10 points.

we are going to keep you updated if the bulls can pull out a win in the final hour but we begin with this breaking news on the heels of bitcoin finally cracking the $100,000 sound barrier, which it did just after 9:30 p.m. last night, eastern time, we do have it right now below that at 98,000 and change. well right now, it is pulling back from that high. bitcoin billionaire mike novagratz is telling fox business this afternoon that the crypto will tack on another $80,000 by the end of 2025 but that price, he says, will come at an interim cost. the galaxy digital founder and ceo telling me this afternoon there will be "a vicious pullback" sometime in the coming months due to the fact that leverage is"really pressed" right now. a lot of people piling in at the moment. some are borrowing money to buy more bitcoin, so we're watching this closely. galaxy by the way owns more than 15, 500 bitcoin, the third-most

behind micro strategy and galaxy's spot bitcoin etf which launched back in january, earlier hit a record high, right now it is just slightly down by a fraction, so we're looking at big moves in that entire space. record highs? we're seeing a trifecta of dow components, amazon, walmart, and cisco touching historic peaks but it is a.i. data analytics software giant palantir's fresh record that has a huge number of early investors cheering. look at the stock here, blasting to an intraday high of $73. now back in september, when it was invited to join the s&p, it stood at around $30. today, year-to-date, it is the s&p second-best performer behind vistra, and right now the price of a single share is $72.35. it is sweet success and maybe a little sweet revenge for ceo and palantir co-founder alex karp, in a fox business exclusive to

talk about how he sees his business, which spans both government and commercial contracts under incoming president donald trump who has said he wants a slimmer government, and an end to wars, the u.s. is currently supporting. all right so we've got the bulls pulling back from the broader market. wie got tentative trade ahead of tomorrow's all-important november jobs report. so, do you buy now on this mini dip or do you wait and see? let's get to the floor show joining me now, top market guru chief economic advisor and former ceo, mohammed alarian. great to have you particularly on this day. we're looking at real exceptionalism here in the u.s. when it comes to our markets, and individual companies. some of which we just showed. how strong do you see the foundation under the us equity market right now? >> very strong. it's about the exceptionalism and this exceptionalism has two effects. one is it helps corporate earnings and second is the big

sucking sound, liz. other people's capital being allocated to the u.s. the u.s. is seen as the outperformer both in terms of the economy and the markets, so it has a solid foundation. there will be a period of excess. there will be a period of over leverage but the foundation is strong. liz: is it strong enough to withstand what could be, i don't know, a beat to the upside or downside, tomorrow for the november jobs report. the expectation is that we might see a build of about 215,000 jobs, and i think that the unemployment rate would tick up just one-tenth of a percent to 4.3%. nothing too worrisome here, i would think. no matter what, but we're also waiting on the fed, and jay powell, december 18 we'll hear what they plan to do at the final meeting for interest rates, so there could be some moments. do you buy in at the moment or just wait and see? >> so i think the fed is

an issue, because the fed is super reactive. it's excessively data dependent, so it signals changes. i mean think about it. it didn't fall it needed to cut interest rates in july, at the very next meeting, it has a jumbo 50 basis point cut and then it regrets the 50 basis point cut and we got a 25 basis point cut and yesterday, he sounded a little bit hawkish having said that. i suspect that they will do 25 basis points and i suspect that they will let this economy run. they do not want to be blamed for derailing this economy, so yes, there's a risk from the fed but it's not one that can not be overcome by the strong fundamentals. liz: okay i see that. in the past when you've been on the show, and before the fed started to cut interest rates in september, you had said the fed was behind the curve. is it still behind the curve, mohammed? >> no i think it's in the right place. as you know, i wanted them to stop cutting in july. they didn't but then they cut 50. i wish they had done 25, 25, it

would have caused less volatility in the bond market and i worry about volatility in the bond market because if you get too much of it, it can undermine this amount of leverage we have in the system in a disorderly fashion but i think then the right place right now, i just wish they were more strategic. i wish they looked forward rather than react to every data point. >> what is the danger if they pause in december? >> the danger is that policy is still restrictive, so if they pause, remember, monetary policy acts with a lag. it doesn't act immediately. so they may be building too many breaks going forward. i think they need to cut at least a couple of times, and then have a look. i suspect that the terminal rate, where they end up is about 4% so we've got about 75 basis points of cuts here, but that is going to be december, then once in the first quarter and then another time in the second quarter and then i suspect they

are going to stop at that point. liz: do you see any worry at all in what some people see as a little bit too much froth in the markets? we just had bitcoin topping $100,000. mike novagartz told me it will be a pullback before it resume once again and you even have jay powell saying it's replacing gold. gold is moving down today. it makes you wonder, there's a very very different landscape ahead of us right now. >> there is. sort of the narrow focus on bitcoin, liz, is that you have two influences. one is still in the early stage, which is institutional and retail adoption, and it has a lot to run with the new regulatory environment in washington, but the second one, you and i know, we've been around for a long time. every time get sharp movements on the way up and sharp

movements on the way down people tend to do things that they regret because they take to excesses so mike, whose very close to it, is right in saying be careful, but the broader issue is that the election has produced what i call a new counter elite. you seen people get into positions that are very different. they had pro-innovation, comfortable with disruptions, less risk averse, and they are going to let this thing run and when i say this thing it's about deregulating the system, so this is very fundamental. if you like the new elite that has a different view about how the economy should run, and is willing to take more risks than the old elite. liz: yeah and we are seeing certainly yesterday, the fact that it looks like a broader set of stocks really lifted the market and it was the 7th time this year, that we saw all three major indices hit records.

right now the nasdaq popped back into positive territory but it's a fascinating time. mohammed thank you for joining us. >> thank you, liz. liz: folks we promised we would get you a breaking update. we have it right new the u.s. tsunami warning system saying no tsunami danger presently exists off the coast of california following the 7 magnitude earthquake that occurred around 1:44 p.m. eastern, 40 miles off the coast of california but looks like some of northern california a little bit on high alert at the moment and anything more we get you as soon as we get it, don't worry. all right, a day after the brazen murder in midtown manhattan of that you nighted healthcare ceo, police have now executed a search warrant at an area location. the hunt for the gunman intensifying at this hour in the wake of new images of him. the unmasked gunman, pumping up new chilling details of what

the police found at the scene. we're going to get you a live report straight ahead. later the ceo of government and commercial data analytics software company palantir is here in a fox business exclusive. we'll ask alex karp about the wild spike in his stock this year, what he thinks about president-elect trump's promise to end wars, if he's talked to his fellow billionaire elon musk about how palantir can help the new department of government efficiency, doge. all of that and more coming right up on the "clayman countdown." don't miss it. dow jones industrials pulling back by 207 points. at harbor freight, we do business differently from the other guys. we design and test our own tools. and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. ♪ confident. measured. ready. the markets, like life, will turn and challenge us.

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liz: we've got an interesting fox business alert here. remember roaring kitty? he's once again come back to x.

the meme stock influencer and investor keith gill just posted this picture on x seemingly a throwback to time magazines famous you hads person of the year cover so for those of you listening on xm channel 113 we love you guys because you're listening in the car but it's basically a computer screen blank on a time magazine cover. meme stocks are somehow interpreting that as let's get bullish here. we have gamestop amc and blackberry all high. gamestop is jumping 9.7% that was the original stock that roaring kitty dived into, dove into, and we've got amc up about 7.7% blackberry up three-quarters of a percent. meanwhile it's a classic case of for every action there's an equal and opposite reaction. ride hayley giant uber and lyft are tumbling uber down 9.7%

after robotaxi service waymo revealed it's expanding operations to miami. the driverless ride hailing company announced it's going to begin to transform its all electric jaguar i-pace for miami roads in the new year and open its doors to passengers by 2026. the alphabet-owned self-driving car company currently has operations in other metros, major metros, including san francisco, los angeles, and phoenix with plans to expand to austin and atlanta next year. uber and lyft investors as you see pressing the sell button perhaps on concerns about the increased competition. investors are climbing aboard american airline stock shares are flying higher by 19% at the moment. we've got this at a 52 week high after the commercial carrier inked an exclusive credit card partnership with citigroup. the bank worked with american for 37 years on co-branded credit cards but what's new now is that it will now be

the exclusive issuer taking over barclays share of the portfolio. citi in the green on the deal up about 1.6%. those shares are climbing to a two-year high. and look whose at the top of the s&p 500. jack daniels maker brown for man, james my floor director likes that, up 10.6%. the spirits giant is popping after posting better-than-expected second quarter results. despite whiskey sales dropping 1% year-over-year the company said it expects strong demand in the international markets to help drive a return to organic sales growth in fiscal 2025. and shine is off this hour, shares down nearly 12% at the moment the world's largest jewelry retailer recording a third quarter miss while sales dropped 3% year-over-year. the owner of kay jewelers said increased competition with lab-grown d diamonds which are

the same makeup as real diamonds only they are grown in a lab. and other macroeconomic headwinds impacted its results, warning it could also report a miss for the current quarter as the overall engagement ring industry becomes less predictable. while it struggles with its jewels the gap has found a good luck charm of its own, a collaboration with lifestyle brand cult gaya. its founder joins us next in a fox business exclusive to tell us how she and her company are injecting a cult of personality on to the retail chain racks and gap stock is reflecting it. we are joined net. ♪(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.

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with godaddy. liz: fox business alert. american eagle outfitters getting its wings clipped this hour. shares are falling right now by about 15.5% after the retailer lowered its annual comparable sales forecast. didn't help that jpmorgan downgraded the stock to neutral from overweight, but you know, you're talking about retailers, clothing. contrast that with rival gap, which shot up on november 22 after it lifted its annual sales forecast prompting jpmorgan to raise the stock to overweight from neutral. gap has suddenly been reinvigorated thanks to a cooler vibe generated by celebrity fashion designer

zach posen named chief creative officer back in february but even before that, a co-lab with cult gaya, a trendy clothing and accessory design site set sales afire. it includes the sold out iconic gap sweatshirt, swapped with the word "gaga" instead of gap. joining us now in a fox business exclusive, because i've got one right here, is designer and founder, you can't, it's so cool that you can barely read it. >> we did it on purpose. we like things to be a little bit discrete and subtle. good to see you. liz: the founder and head of cult gaia. i'm really interested in this , because i wouldn't say your brands are similar, if you know what i mean? yours is high end and hip and trendy. >> yeah, thanks so much

for having me. they reached out and i was super-excited. we're very particular about who we collaborate with and i was excited to be able to offer our customers something really really different, for me, and amazing collaboration and a great product comes out of two dual forces coming together and giving you chaos, and beauty, and amazing attention to detail which is what we can deliver and they deliver everyday wear, so it's super-exciting. i get to drop-off my kids at school and see everyone wearing this collaboration. liz: well, i know the sweatshirt sold out. you've got all kinds of other items at gap, which have been selling like hot cakes, there's that really cute jean jacket, it's like the jean jacket reinvented. but when you started to put this collaboration together, i would think that a little bit of something in the back of your head said, you know, is gap, it's kind of yesteryear.

so what got you to get over that in thinking, and then suddenly it's a huge hit. >> to me, gap is an iconic brand, much like cult gaia, and it stands a test of time. i still have pieces from when i was a kid. the leather back in the day was amazing, so we were excited to bring that back, and it's a pillar of american culture and it was super exciting for us to be able to offer our design ethos to those everyday pieces. i just knew that our customers and their customers would absolutely love it. we had, we beat our forecast by 400%. liz: whoa. >> and sold out of the collection 80% sell-through in the first five days. it was very successful. and the highest trafficked day in the history of gap's website. liz: good for you. but so you kind of have made gap

cool again. listen i go way back to the commercials where they say fall into the gap. but i mean, i still have my levi's from there back in the day i never throw out anything when it comes to that stuff but separate from gap. you are cultish in a certain way because what's interesting about your products is that you actually have items and you make them in los angeles from dead stock fabric. explain what that is because people always think that it's the energy or the oil industry that's the biggest pollution in the world but it's actually the fashion industry. all this fast fashion people wear it, throw it out and it goes in the landfill. you're doing something different. >> yeah so that's how i actually started. i started cult gaia with turbines and making things out of fabric that existed here in downtown los angeles and, you know, its always been important for me. i think we're all making products so it's hard to say that we are 100% sustainable at the end of the day, but

everywhere we can, we do and we deliver. liz: good for you. good for you. and you've got a couple of brick-and-mortar stores. when do you see international expansion? >> we are in st. barts, we have a brick-and-mortar store in st. barts so that's our first international store. we had extremely successful pop-up two summers in a row, so i'm looking at london next. we just launched our fragrance. liz: cute. i see it. >> it's super beautiful, and this is amazing way for us to reach our international customers, especially for the holidays and give them a piece of us and our artistry. liz: cult gaia, and look at gap stock. i'm looking here year-to-date it's up about 21% and you've got to realize you're part of that. good luck to you, thank you so much. thank you, liz, it was so nice to be on your show. liz: great to see you.

all right the department of government efficiency, aka doge, led by the world's richest man, elon musk and former presidential candidate vivek ramaswamy. the duo making the rounds on capitol hill today to sell their budget-busting plans. we're going to take you straight to the nations capitol to hear how those two plan to cut $2 trillion in what they say is government waste. and trimming government fat could impact a company like palantir, or maybe help it. i mean, palantir actually counts the feds as a major client. palantir ceo alex karp is here next to tell us if doge cuts could be a boom or a bust for his business, and this has been an unbelievable momentum stock. you've got to hear what alex karp has to say it's a fox business exclusive next on the "clayman countdown." (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss...

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tesla ceo and entrepreneur turned former presidential candidate vivek ramaswamy are meeting at this hour with lawmakers to discuss a sort of rollout of their government efficiency plan. musk aims to cut $2 trillion from u.s. government spending. the two meeting with house and senate republicans about ways to implement potential cuts to a bloated u.s. budget but they have been fairly tight lipped about what they exactly plan to do with the media. fox business hillary vaughn has been kind of chasing the pair all over the capitol today joining us live right now, hillary? reporter: hey, liz. speaker mike johnson says this doge summit signals a new era. he says the days of egregious wasteful spending are over and right now, elon musk and vivek ramaswamy are engaged in a marathon brainstorming session where they are really getting down to the nitty gritty, trying to come up with how to cut $2 trillion in government

spending, but trimming the fat sounds great until it's getting pulled off your dinner plate so some republicans are hoping that lawmakers are not just all talk. >> cutting waste appears kind of like going to heaven. you know? everybody wants to do it but nobody's quite ready to make the trip. okay? will this time be different? i hope so. reporter: today's capitol hill field trip is not just a brainstorming session but a way for musk and ramaswamy to sniff out whose for them and whose against them and there are some skeptics. some democrats saying doge doesn't have the purse strings. congress does. congress has the power of spending. the top democrat on the house appropriations committee saying of musk and ramaswamy that they are just "a gang of two with zero authority" so we tried to ask musk and ramaswamy what their strategy is on how to work with congress if congress won't work with them. >> how much do you think you can cut without congress' help?

>> on our way into the meeting? i think a great discussion today. reporter: how do you win over people who say doge doesn't have any power? mr. musk how do you convince people who don't want to cut spending to cut spending? reporter: so, liz, we didn't get many answers on this strategy, but we do know what's happening right now behind the scenes. musk and ramaswamy kind of gave an opening statement and then it's kind of open mic night right now. lawmakers are taking to the microphone pitching their ideas of things they want cut and musk and ramaswamy are listening in. liz: can you clarify any democrats weighing in at all? >> no democrats at this meeting, but elon musk was asked by my fox colleague aishah hasnie if he hopes that some democrats show up to these meetings at some point and he said yes, he does want them involved and some democrats also chimed in saying they are interested in cooperating from senator john fetterman to

senator bernie sanders. liz: bernie likes their plan to cut some of the defense budget. hillary thank you for that report we appreciate it. one major tool for musk and ramaswamy's government efficiency agency could be artificial intelligence and palantir is already in the game and announcing last month they are partnering with amazon web services to make an thropic models available to u.s. intelligence and defense agencies using the large language model to process vast amounts of complex data rapidly and streamline clerical tasks for the government agencies and when you say streamline doesn't that mean saving money? that's not the only positive news for palantir in the past couple months. the big data tech company joined the s&p 500 on september 23rd an has been on a roaring rally since then, gaining 93%. joining me now in a fox business exclusive is the man leading it all, palantir ceo alex karp.

i've got to ask you about this stock. it has been such a wild ride. you joined the s&p in september, but even before that, people who understood the business jumped in and said we believe in it. i mean, that's got to feel really really good, almost i guess a little bit like the world has woken up to something you already knew and we already knew. well you seem to know it early. one of the few people who invited me on when i was a pariah, which was about 18 years of our 20 year existence. look, things are good at palantir. we said that the world is moving to software first which no one believed. we said the way to build products is the way to do it. we said you had to go back to whats called first principles what an enterprise should do, not what an enterprise thinks you should do, we believed in hiring the best people and america's a great country and our enemies should suffer and we built products around those ideas and you know there are a lot of people who didn't

believe some who did and those that did were well rewarded and we're nose to the grind stone now. we're very focused on the u.s., u.s. is doing very very well for us, and i think in general. it's a good time. it's a great time at palantir and maybe not so great for our doubters. people who didn't want to listen to proclamations of obvious truth like enterprise should work. liz: [laughter] yeah. this nation is great. we have the best people and the best products and we built these products basically were built years before people thought we were relevant. the most relevant now is how do you manage large language models and a.i. so you can extract value and the value is quantifiable on the battlefield to bring soldiers home, kill our enemies or commercial to change margins, reinvent your business, and one last point. one of the most important things people do not understand about a.i. is they understand roughly kind of how it could work, of course they also have noticed that many a.i. companies,

the large language models alone basically lead to a science project but what the purpose of what you can do with a.i. is you can do exactly what we did at palantir which is build your institution the way it ought to be built. a country ought to have a border. a military ought to be efficient. in both how it spends and how it kills and how it protects. a enterprise that's in manufacturing should be able to control the supply chain, should be able to control the workforce, should be able to manage people who are smart but not technical. but maybe don't have business cabbies you men. those kind of things can be managed. bringing an institution back to what it ought to be is the single purpose of what palantir does and we're now able to do it which is why our enterprise, our enterprise business in the u.s. is just very very rocking. liz: unbelievable total commercial sales in the third quarter rose what 27% to $317 million. >> well the most important --

liz: are you trending the same or better? >> obviously i can't talk about. liz: yes you can. >> i'm walking out of here in shackles. i'm already pushing the limits, but i mean, look. the u.s. business grew 44% last quarter. 44% with a basic non-existent salesforce and me as a front man offending half of america or the other half loves us. the people that believe in truth and justice and having a border, and but sticking to our guns, and we've stuck to our guns and the most important part of our business, that's commercial and government, is growing at a very, and then there is this for people aren't in business there's a rule basically that is like a diagnostic of health and it's called a rule of 40 and that rule of 40 we have the highest in the world 68 which means while you're sitting there, one of the biggest trends we've had to fight against is the experts are only experts in this country at being wrong. they are expertise is i'm wrong.

and they aren't even consistently wrong so when it comes to palantir it's like oh, they are a services company, of course you have to build software so that it is a energy on an enterprise instead of that it actually is aligned with the enterprise and you know, so we are the actual results force those experts to say what the f is going on here? so i can see their teeth being spat out against the window. liz: well isn't that what elon and vivek ramaswamy are doing right now? they are looking at government spending, government inefficiency. you just talked about making commercial operations more efficient. government operations more efficient. have you talked to elon musk or vivek about -- >> look without going into it, palantir, we want to support the u.s. government. i completely support their mission and i don't, again, there's two parts of the mission. making, getting out waste, figuring out what works, investing in what works but there is also, we need more, we

have legitimacy in this culture. almost all our institutions are in charge of measuring, fixing, doing things, have little legitimacy whether they deserve it or not no one believes when the icc says something. we believe that the doctor is politicized, we believe our universities aren't teaching anything valuable. we don't trust. and neither side trusts and the idea that blue is right or whatever, no one believes it. so we need transparency as the first step to reinvigorating legitimacy in this culture, and i wholeheartedly support what they are doing and god knows you could not have a better person than elon doing it. liz: what if they come to you and they say, all those programs that you're doing for the defense department, we're cutting back the defense department. >> well, look. you said all of those things. i have enormous faith in both of them to figure out what's

working, and palantir exists to serve this nation, and i mean, we need to know what's working and what's not, and i think that's great for the nation and probably pretty good for palantir too. software, especially software that's prioritized is enormously efficient. the underlying economics of software is both sides get more. i build a product no one else can build. i sell it to you at a fraction of the cost of building it. i'm happy because i can sell that product everywhere. you're happy because you could never build that, even honestly if you had a billion dollars you couldn't but you might think you'll get a billion dollars and build it and of course that doesn't work. efficiency will not only make everything cheaper, transparency will not only be cheaper, it will be the output will be better, and again, the primary basis of the u.s. economy right now is tech. the primary lesson of tech is you get the right people and you spend less. and you get massive output. so like all these things that

are likely to happen by looking at transparency are leading to increases in transparency and by the way, increases in lethality. liz: the a.i. piece of all of this has enhanced so much. certainly the work that you have helped the ukrainians do and the israelis do on the battlefield, but in the past, you guys have been very clear. it's on your website you say we believe in augmenting human intelligence not replacing it but considering how far a.i. has come, in just a short time, do you think that it deserves a little more latitude beyond -- >> well there's a lot of super interesting questions like for example, on the battlefield now peer-to-peer adversaries, if your defending against their missiles, you won't have time to go back to the human, but there's ways in which you can use software to code ethics, into the program, so that you get the data feed, comes in from large language models and other a.i. systems and they are not precise enough and the other systems may be precise but not ethical and you can have the decision feed into

the software and the ethics can be encoded but yeah. we're entering a completely different world and part of the reason is we have pretty lethal and very competent adversaries. liz: is it too early to ask if you guys have considered a.i.-driven piece keeping or conflict resolution software? >> the primary way to create peace in this world is to scare our adversaries when they wake up, when they go to bed, while they are seeing their mistress, whatever they are doing, they are scared. if you want to have peace in the world, that's how you do it. that is our peace keeping offering this christmas season to our adversaries. we are going to help this government be more transparent, work with partnership in america, and our goal is everyone who does not like america does not like what we stand for , does not like the west, thinks we're useful idiots will be scared and uncomfortable, more tomorrow than today. liz: well, that is a nice, big bow around a christmas gift. >> that is our christmas

present. whatever you celebrate. please, you know, and to all supporters of palantir, merry christmas and happy new years and to all people who hated on us, enjoy your cold. liz: alex? never a dull moment with you thank you very much for joining us. don't get up. >> thank you. liz: you hated it so mutual runaway. alex karp of palantir. folks we are coming right back stay tuned we've got the dow down about 213 points.

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liz: fox business alert. we now have a detailed image of the face of the man leaved to have shot and killed the ceo of united healthcare on a new york city street yesterday. fox news obtaining these images of the unmasked suspect. he's believed to be the man who lay in wait early yesterday near the midtown hilton and brazenly shot 50-year-old brian thompson as he headed to his investor conference at the hotel. the suspect was wearing a black mask when he committed the murder but you see him here actually smiling for the camera. alexis mcadams has been

following the story. she joins us live in front of the new york hilton. reporter: liz, well yesterday, when we were talking, i was talking with police sources on the ground in new york who said they thought maybe this guy was some type of paid assassin, knew exactly what he was doing and that might not be the case. it looks like he could be falling apart. he's showing his face not just at the starbucks but you can see it there on your screen. this is on the upper west side he's smiling and i'm told that's in the lobby when he was checking into what you're looking at. he paid in cash, but and used a fake id, but that might not be enough. he could have left behind other evidence so we hope somebody recognizes him and calls it in. take a listen to what people had to say. >> what i heard is that he stayed on the 407 like next to mine, and i'm used to violence, because i'm from rio and there's

a lot there, but articulating professionals. reporter: so a message was written also on one of the shell casings at least two of the shell casings i'm told and they have kind of a major message about healthcare to this ceo. that's what it says on those bullets. it was written in permanent marker i'm told, denied, depose and defend. what's that all about? those words are similar, liz to the title of a book that talks about the insurance business, basically saying it's a big racket, they won't cover certain people and people have been mad about it for decades. it was written back in 2010. the shoots was caught on camera. we pause because it's so difficult to watch. this guy walks outside, 6:45 he's know shot not once but twice so we're looking to get more information but they believe they have enough information to get this guy.

liz? liz: alexis thank you very much. let's look at bitcoin because we know it topped $100,000 last night, right now, it's just below it at 99, 146. our countdown closer says there's no telling what the sealing will be with a crypto-friendly securities and exchange commission. joining us now, david striseski. david right now a little bit of a pullback here, and you've got to give me a sense of where you see it going. >> well there's no question that when you have a pro-crypto president, 60% of congress right now, that are positive towards bitcoin, blockchain in general, i think that i've been saying it all year we'll get bitcoin over 100,000. we've seen the adoption into these etf's. we're currently buying far greater than the amount being produced on a daily basis because remember it has to be mined and so i think that we'll see probably 120 bitcoin this year, 250th year, 2025.

liz: yeah, top of the show, mike novagartz said he sees it at 180,000 by year-end but there's just so much leverage. that said, what position, what amount, in a portfolio, would you have for bitcoin compared to equities? >> i think that bitcoin is an idea that it's not the answer to all of life's problems. some portfolios have nvidia in it as a high flier, a position you might want to allocate more towards so i'd say 5-10% makes sense. some people say higher and i'd say based upon your timeline and what you are trying to accomplish you can take more or less risk but 5-10% mace being sense but adding that to a portfolio has ultimately given you far better returns going back to when it's accepted. liz: no major records, at least for the major indices today. we've seen a little bit of a pullback here, but what other sectors would you be buying on

this sort of mini pullback? >> okay, so well i like s&p equal weight, not necessarily s&p cap weight because at 25 times the earnings, you know, i just think we're getting a little heavy here on the mag7 et cetera. so i think equal weight could work out pretty well here in a nation that's more pro-growth than policy. we've got the trump put which basically means if he's doing anything it's not working out he will say holdup and let's do something different. we've got powell able to take multiple drops here as we move into 2025, so we're looking at a melt-up right now but i would want to encourage people to be looking at sectors like metals and mining. we need copper and silver. >> [closing bell ringing] liz: david, great to have you on. all right not even close and definitely no records today. session lows for the s&p and russel 2000 tomorrow is friday and we'll be right here. larry: hello folks welcome t