there was some water and you go through the process and it can give you spaghetti or bananas. what is going on here? a little scary. need to stop eating the junk at nice restaurants because it is all polluted. wake up, america. charles: there were people behind it. you got a movie assignment. cary grant and doris day, they did the best movies out there and back in those days you didn't need any breakup coaches or drugs. it is all about romance and a happy nation. thank you both very much. liz claman over to you. liz: i still want plato. don't give me a hard bake oven.

markets are closing a record-setting week with a mixed picture. smashing milestones over the past five days, dow jones industrial down 143 points, wednesday the dow closed above 45,000 for the first time ever. the dow basically, we had a couple losses, a gain of 248 points. it is not a huge amount of trade but look at the s&p which had three records, needs to snag 11 points at the close to mark the fourth record. it was already there earlier but it was up 7 points. the nasdaq is front and center at its fourth all-time high.

right now it is way up there, one hundred 20 one. talk about milestones, bitcoin, pulverizing the big one wednesday night when it finally topped one hundred thousand dollars. . cavuto got a size 106,000 before and during our many flash crash were dropped to 90,000 but on friday afternoon it stands at 1656. overall today, investors warming up to the hot november jobs report. that bit more than the 200,000 expected. unemployment rate came in at what was expected. the markets are remarkably calm, it barely has a pulse, it is 13.02 and this quarter has

dropped, showing no fear. the bitcoin bump, hewlett-packard enterprise which is having a record, the world's biggest bitcoin minor roaring. the bears and build a bear restaurant turning into bulls, the plush toy animal retailer spiked close to 75% over the past year. they are all heading into 2,025, let's got all three leaders in here. the ceos of build a bear, hpe and mara are here to talk about the year that is almost behind us and what they see ahead. big show today, can't move, the first month of 2025 got a lot darker for tiktok, the us

federal appeals court voting to uphold the ban on chinese owned social media leader tiktok if bike dance does not take that to a us entity by january 19th, the ruling has us rivals meta, snap and youtube owner out about higher hitting a record on the news, decent gain of 2.4%, $622.74. snap up 2% you can see alphabet up 2%. here we are on the cusp of two new record closes amid a flurry of heads seemingly pouring some snow on future interest rate cuts, let's go to our floor showed to raters, teddy weisberg from the new york stock exchange and scott she'lladdy. san francisco fed president mary daly said, quote, we are ready to raise interest rates if inflation breaks out again. beth hammack said central bank

is at or near the pace to rate cuts and fed governor michelle bowman is concerned if the fed cuts too much that could overheat the economy. does it look to you like the market is hearing those concerns? >> i'm sorry. listen. we know the market, the mother's milk of a good market is lower interest rates which i don't mean to be cynical but the timing of the fed lowering rates, coincidentally coincided at the same time. the fact is the us economy without fed speak is getting fine but whether the fed is going to lower rates again remains to be seen. the big issue for the market is the feds are going to go lower and if in fact they go higher that will change the dynamic a

little bit because the markets love lower rates. if rates are going lower you will see those sector rotation including the renewed strength, that is where the growth is and where the big earnings are going to be and they seem oblivious to higher rates. liz: the announcement will come, the last one, what are you predicting? we got the jobs data, the university of michigan consumer sentiment higher than expected. why are we cutting into an accelerating economy. >> inflation isn't going away. the numbers you said including inflation sticking around, the risk, if it rears its ugly head again, we don't have an

inflationary worry, believe it or not after those numbers came out, the watch people look at, 73% chance of a cut before the numbers came out. i argue those numbers are too high but the chance of the cut jumped 82%. the market is telling the fed they won't want it. i don't think they should cut, and ultimately that could be a mistake. they need to leave that tool in the box. all the things donald trump got elected to do will be time also us, more money hit von market, we could have inflation faster than we would like.

what is happening after january 20th, on december 18th we have to cut rates. liz: this market has had real momentum. on any given day there could be a headline that spooks everything. the algorithms are start selling off. fine. in that case, don't you need to have a shopping list of stocks, on a significant dip? >> i do have a shopping list of stocks for different reasons. it is the end of the year, tax selling time. this creates lumps of coal but among those lumps of coal on the new low list, on a daily basis, some potential diamonds in the rough. i have a shopping list but not

predicated on what the fed will do. predicated on tax loss selling between now and the end of the year. i would take it back -- liz: are we going to see tax loss selling? it looks like at the moment investors are disinclined to sell anything. they want to add. >> i don't disagree with you. you are all things to all folks but every december, doing it for 50 years and not the only one and particularly this year because there are so many gains, nobody wants to pay taxes, are basically going to their portfolios and if not they should. to takes tax losses to those gains. this time of year stocks, dow chemical for one. until for one.

and and i don't know why they are making new lows, there are tax selling candidates to offset gains. liz: you like baxter and cvs. as you finish up, and deutsche bank, at the moment, we are above 6,000. we are hitting most of the targets. what do you like, if they do get that selloff. >> it is a transformative, have to by artificial intelligence, i missed the crypto run and would like to put disposable money if it comes down to earth.

i have to wait and see but the transformative things, the deep state hates it. that's why i like it. i'm not going to chase it at all. the s&p up 7%, do what you are saying, and the commodities markets, income is down from two years ago but the pace of the loss is slowing so you might get a rebound. even if you have a downturn. liz: wishing you a happy holiday season. thanks.

going -- >> oh, my gosh! >> -- what makes the yoga giant reaching for the heavens. a huge lineup ahead. the build a bear ceo has a view of the holiday season. this is the ceo appeal of packet enterprise, the company plays a leading goal in the revolution, how he's handling nvidia's chip shortage. the ceo of crypto minor reacts to bitcoin, one hundred thousand and donald trump's new crypto czar. that is ahead coming up on "the claman countdown". the dow is one hundred 35, nasdaq one hundred 30, s&p up 10, russell higher by 7. ♪ my name's dan and i live here in san antonio, texas.

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liz: lululemon is doing upper dog pose to the top of the s&p and the nasdaq. jumping after it raised its annual sales and profit forecast citing resilient demand for its full priced athletic gear. the stock is full priced up 16.5%, to $401. alta shares a thing of beauty after it raised its annual profit forecast, cosmetic store chain beat profit estimates. investors snapping up rubric faster than my son can solve a rubik's queue which is 56 seconds, the data security company stock hitting a record high after narrower than expected loss, rubric raising its guidance. stock is $67 even. it went public in april at $32 a share.

let's look at online sports gambling stocks. a mixed picture. flutter, up half of 1%. after two us senators asked the ftc and department of justice to investigate draft kings. mike lee and peter welch, and both firms were allegedly acting together to pressure businesses not to engage with competitors. the bears may be hibernating on wall street but there have been sightings all over our fox business offices. we caught taylor riggs reading analyst reports with her furry friend, charles payne breaking down technical analysis with holiday plush toy. one had the nerve to come into my office and choose my wardrobe for today.

and look who's a softy when his comes to his bear body. we talk to the ceo of build a bear workshop charlie about her holiday outlook and how her stocking is overstuffed with games. the teddy bears are soft and cuddly my new podcast guest this we can only be described as hard-core. she was so determined to become a navy fighter pilot that she turned her ambition into a heatseeking missile that would not stop until it hit the target squarely in the center. she became a top gun pilot who flew 40 successful combat missions but after reaching that goal she decides i'm going to set my sights on something almost as difficult, a leadership role at the company that is almost as big as the us

military, amazon. today she's vice president of the world's largest e-commerce business, the sky's the limit for sarah roads but we needed to know what is sarah roads made of, my brand-new guest on everyone talks to liz, you can download the podcast on apple, google, spotify, wherever you get your podcasts, we are coming right back, stay tuned.

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liz: talk about a build a bear story, build a bear workshop had temporarily closed dollars stores and furloughed 90% of its workforce in march 2020 as the toy retailer dealt with nearly impossible business conditions caused by the covid pandemic and ensuing lockdowns. financial overhaul and focused international expansion propelled the stock up 73% and since before the pandemic it has skyrocketed. show the 5-year picture, more than 1309%. how is the shortened holiday season shaping up and what can investors expect? build a bear ceo sharon price,

you were at the helm in 2020 when you had a near-death business experience. every retailer with a storefront had to close because of the pandemic. yesterday the stock hit an all-time record. what have been the key drivers that brought you to yesterday in that record? >> thank you for you no matter ratings that. i didn't know that last number. but that was definitely one of those moments no ceo wants to experience but a number of us did particularly deemed nonessential businesses but since then we put together a dynamic strategy to diversify the company. much of the groundwork was in place or we would not have been able to pop out in a healthy

place but the situation was we recognized we had a moment not looking at the stores every day, all the time and energy it takes gave us a needed moment to focus on our dot.com and fortunately we already recognized we had to participate in a more robust manner that started to look at our consumer base in a multigenerational way and we didn't want to cannibalize the store business with the dot.com business but stretches that out with adjustable market being broader for adults and teens. that was a strategy, a viral strategy, trend strategy, collectible strategy and it was that channel we had opened up and gotten better at and

mastered kept us alive. liz: true leaders canister not stumbling block into a steppingstone. tell us how the holiday season is developing because it's a shorter shopping season. >> when thanksgiving falls, the last weekend of november the consumer mindset doesn't wake up to that until it is december and usually you have the activities of that first week after thanksgiving, the end of november. what we announced earlier yesterday was the third quarter was the third quarter of the entire company for the history of the organization so we did bring some of the trend into the fourth quarter but it is softer than it had been mostly

on dot.com. our stores are performing very well and in the third quarter we noted traffic was up 3% versus what was announced as down 3%. liz: you have 565 locations in 11 countries or 20 countries. we looked at the tags on these stuffed toys and everything says made in china. donald trump wants to slap tariffs on anything coming from china by 60%. what do you do in that case? do you jump ahead, harvest a bunch of goods made in china, get it here now? >> that discussion had been in the works during the first administration of donald trump. in even in that environment we started to diversify and even

though that's what you see here we have a more diversified sourcing strategy than we did in seven years ago. not only that but a lot of other companies with sourcing out of china or most sourcing out of china to the degree they are able to do that based on cash flow a lot of people have pooled their inventory and we announced that in the third quarter call and made investment in inventory to understand the dynamics a little more than that would give us more leeway to operate more perfect information because the amount of the tariffs will impact the choices we make obviously. there is that infrastructure for the toy industry has been built over decades. liz: you are dealing with it and have partnerships, kansas city chiefs, kfc, please come

back and the blue bear, picked my outfit today. >> they are very fashionable. he did a fabulous job. liz: he said you got to wear blue and congratulations. >> appreciate it. liz: breaking details on the man suspected of ambushing the ceo of one of the nation's top health insurers. we will take you live to the scene for an update on what the police now know about when the masked gunmen arrived in the big apple and the evidence nypd detectives have in their position. the ai revolution cannot forge ahead without servers. we have a hewlett-packard enterprise ceo to tell us how he's dealing with the short supply of nvidia chips his servers need and the breezy way he plans to power the

electricity servers are swallowing up. to the nasdaq it's at a record. we are coming right back. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like ai. and how the industries born to support ai might better support us all. better questions. better outcomes.

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we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com. liz: we are looking at hewlett-packard enterprise stock which is popping get to her record. the insatiable demand for ai infrastructure is causing entire businesses to restructure, not just in the us but qatari based data center company is scouring the globe and swallowing up these data centers. to make of them run they need the latest and greatest ai chips from nvidia. the company signed a deal with nvidia to use graphic processing units in its current data centers across the middle

east. in an interview with the journal the ceo said the company can't build data centers quickly enough and need the chips faster to meet the demand for ai that you are using. comedies across the globe are trying to figure out how to meet the demand, how are america's data center companies handling the same need? joining us now is hewlett-packard president antonio neri. your stock is hitting a record, sarah segment revenue is propelling this year over year. something like 4. $7 billion. tell me how you are keeping up with the demand for your data server is. >> thanks for having me back. we have multiple growth engines

delivering on an exceptional order growing 50% and ai was okay component to reach one. 5 billion just in the quarter but that came with profit which delivered one hundred $38 million and for the year we delivered raking -- record-breaking growth engines. which are all accredited to ai, one is hyper cloud, we need hyper cloud because data lives every where and when you find tunes this model you need to get access to the data and it grew 21% sequentially. then you need the network, you need to connect these data centers and within the data center of the gpus, the only industry first including in switching.

ultimately i think they have a right to play in all these categories and be a leader in ai in conjunction with our partnership with nvidia. liz: let me use this analogy. no matter what part of a car, you need metal for it and the meddling your case is these chips. i know you have a relationship with nvidia. jensen wong came on "the claman countdown" and here is what he said about the companies lining up and putting in orders. listen to them. >> our demand is greater than our supply. to keep capacity and infrastructure available so we are working to get there as fast as we can which is why we are ramping blackwell.

liz: what shipment have you gotten from blackwell chips which are the newest ones? >> blackwell as we speak, the backlog, a couple days ago is more than $5 billion, more than one third of the backlog is blackwell, which we expect in the early part of 2025. as jensen said, he's ramping the capacity to fulfill the demand. we are going to convert the backlog into revenue. liz: they are in transit or you have some blackwell chips? >> we need significantly more as we enter the new calendar year.

liz: you have a purchase of juniper networks, you mention the green light from the european union. we know in the united states and this current administration's department of justice are more difficult. they have pushed their investigation but how are you looking at this possibility of being able to acquire networks? >> we remain confident that we will get approved in the early part of 2025 and we arrest seive the unconditional approval, india, australia and many more because they see the transaction as competitive. we are working collaboratively and in the original timelines but obviously it is the early part of 2025 and i believe this

is not only competitive but super important in the context of national security. outside the united states, we compete with china but at the same time, hewlett-packard enterprise delivers the fastest supercomputer on the planet. hewlett-packard enterprise owns seven of the top ten, the number one and number 2 and number 3 are hp assistant and there is number one, 2, 3, the department of energy of the united states. liz: you say early part of next year, donald trump comes into the oval office. everybody thinks he will be very pro-business except he just nominated gail slater to

be the head of the doj and high competitive division, the antitrust division. she has been a tough one, she has advised j.d. vance, the vice president-elect who has not been very welcoming get to big tech, how are you positioning yourself ahead of this new administration? >> this is not the typical big tech we are referring to, this is tech that ultimately is necessary to operate on the dod side of the equation. when you look at the market there is tremendous competition. this combination actually makes us as a country much stronger and still the ability to

compete in the market. i believe in the end the facts speak for themselves and i am sure the new doj will look at this from the customers point of view and i came back from a european event with almost 5000 customers. all of them, the opportunity to combine this, give them access to a networking infrastructure. liz: thank you for joining us. folks, we are getting breaking news in the grisly murder of the united healthcare ceo as the search for the suspect enters day of paris, new york city police tell alexis mcadams they believe the man you see on your screen has now left new york city.

he is believed to have gunned down brian thompson outside the -- he arrived a month ago on a greyhound bus that originated in atlanta but they can't confirm where he got on. police say they think he left on a bus but don't know where he has gone. the new york city medical examiner confirming it is analyzing dna data, found on a water bottle and a wrapper for a protein bar the suspect is believed to have purchased at starbucks before committing the crime. thompson was shot in the back and the leg and died from his injuries. police did execute a search warrant on the upper west side hostel where he was staying but his whereabouts and motive are unknown. united healthcare is responsible for all of the losses on the dow jones industrials that you see at the

moment, the dow is down 125 points and unitedhealth group is down 5% at the moment. this has started a whole discussion about insurers, major health insurance company has in the past 48-hour since the shooting reversed a controversial decision that had critics of the industry incensed. anthem blue cross blue shield recently implanted a policy that would have limited coverage of anesthesia during procedures. what does that mean? the insurer planned to the amount of anesthesia based on specific time limits set by the company, meaning if a patient's procedure for whatever reason went longer than those time limits the insurer wouldn't cover the additional treatment. it was supposed to go into effect next year. a backlash from everyone, patients, doctors, can you imagine? and insurers telling doctors we are not paying for that, you're going too long.

it was fierce and now the company says it will not move forward with the change. it hit a 3 year low today and for the week, down 5%, it is down 5% week to date, down on this session. the self-proclaimed crypto president names is crypto and a eyes are. charlie gasparino has details on the latest trump transition nomination it was a frequent guest on this show. the ceo crypto minor mara tells us what trump will do for the company. we are right back. me things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected.

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♪ ♪ ♪ liz: fox business alert, less than eight minutes to go before we close out the week of trade. the s&p and the nasdaq are at this moment at brand new records. so so s&p 500's kind of close, needs to be up is 1 at the close. nasdaq up 150 points, so that is a clear winner. for the week kind of a mixed

picture. the s&p and the nasdaq are in the green, and it looks like they will be up three weeks in a row. dow jones industrials not, not there, down just a fraction still at the moment and slightly below 45,000. all right, president-elect donald trump names kraft ventures head all in podcast host and trump donor if david sacks as the white house a.i. and crypto czar. david sacks was also part of the so-called paypal mafia, one of the original paypal employees. bitcoin, as you know, has been something that he has invested in, and it has been up significantly in this year. but the trump trade postif election day is really what's credited with powering the digital currency and other tokens to the brand new heights. of since the presidential election win on november 6th, the bulls have poured $8 billion into spot bitcoin etfs, the funds investing directly into bitcoin have climbed more than 40% since. and now with this crypto-friendly administration

headed to the white house on january 20th, how's this all going to really kind of help it keep climbing? charlie gasparino's here. >> we should unpack this, because this is surprising. most people thought service going to chris giancarlo, we've reported as much. what trump did here, it's typical of trump, you never can say it's it's definitely an appointment until you see the press release, right? the signals clearly coming out it was chris, cftc chief, crypto dad, big propoint of the coins dub proponent. again, i never report something done deal with trumps in i see the -- unless i see the press release. apparently, they're going to create -- no word if they're going to do that crypto agency, right, that commission they were going to have, and i'm sure chris giancarlo will play a role if they do -- liz: you mean david -- oh, chris january car low. >> -- giancarlo. >> what's interesting is he's

combining a.i. with it. i think that pushed this to a new direction. david sacks has been a proponent of a.i., thinks there's -- liz: he's a venture capitalist, invested in a lot of it. >> right, did a lot of to it. i think that's the theory here, that a.i. and crypto and, blockchain, which i think is even bigger hand crypto, people -- than crypto. people keep thinking of crypto, this stuff is worth nothing, i don't care how highest trading right now -- liz: 101,000. >> -- unless that blockchain technology can do stuff. and right now that blockchain technology is really nascent. no one really uses it. liz: well, banks -- >> very niche. banks are not doing the cross-border payment system, they're using swift. ripple is seeking to get rid of swift, but it ain't happening now. my point is a maybe sacks is thought to be bridging those two things together. i mean, i'm -- i don't know.

the other thing is can this keep going, and i think that's a key point, liz. i think it can. i mean, what's interesting here is that you can only debase your currency so much as we have done in recent years printing money, spending money, $36, 7 trillion in debt, debt to g if dp if at 127%. -- gdp. before people start saying i want gold, i want a tore of value, gold is thought -- a store of value, gold is thought to be depass say. is that the word? liz: declass say. >> so then if you're young, you go to crypto. that's' what's going on here. liz: charlie, you're declass. to the ceo of the largest bitcoin mine ifr in 2349 world with, fred teel is here in a fox business exclusive. you just heard charlie unreallying -- unveiling that

dade sacks is going to be the part of this administration. what has this week been like for a guy like you who minus these bitcoin, and it -- mines these bitcoin and it's an administration that's incoming that's very friendly? >> let's just say that i peel if like i've all of a sudden -- i feel like i've all of a sudden got tradewinds in my sails, and i'm going straight at my target and won't have to tack at all. the trump administration's plans play very supportively to bitcoin and to bitcoin mining specifically. david sacks being appointed, there's a huge synergy between bitcoin mining and a.i. bitcoin mining can balance a.i. workloads meaning much more even power consumption for the grid which just means the more a.i. there is, the more opportunity there is for bitcoin mining in the u.s. the more bitcoin mining in the u.s., the more block space the u.s. controls, the better the u.s. can monetize and support their strategic reserve if president-elect trump decides to go for that. liz: you know, mike novogratz of

galaxy digital, another bitcoin billionaire, did say he expects bitcoin to go about $180,000 by the end of next year, but he said there could be a vicious pullback because the area is so leveraged between now and then. what do you see for it? >> i think, you know, what's great about the bitcoin market is it's so transparent. you can look at futures markets, you can look at the options markets offshore, for example, and you can look at what people are trading. and you see just before it hit 100k you had this huge sell wall that we had to get through. if you realize, you know, in august bitcoin was at 50 or 60,000. bitcoin hits 97,000, all of a sudden every single bitcoin in existence is in profit. so as you then hit that sell wall, there are a lot of people taking profits. and over time you wear down that supply that's coming into the market. and think about this, the bitcoin e, fs in under -- etfs in under 12 months have accumulated over $100 billion of bitcoin.

gold etfs took 20 years to get to $90 billion. so there's huge -- liz: it's incredible. it's incredible. and larry fink, of course, of blackrock, you know, started ibit, and he kind of really to if pelled this for the spot -- propelled this for the spot bitcoin etfs. i do immediate your thoughts on the energy -- need your thoughts on the energy suck because you guys are turning to wind power. can you give me a quick mention about that? >> we basically are opt optimizing and monetizing -- we believe there's a huge amount of the renewable energy that can't be used because of grid congestion and too much renewable energy at certain times of day. liz: fred, please come back in the new year. mara's a great story. s&p is kind of tiahrting on the record. have a great weekend, we'll see you monday. larry: hello, folks. welcome to "kudlow," i'm larry kudlow. trump's till moving at