tv The Claman Countdown FOX Business December 10, 2024 3:00pm-4:00pm EST
3:00 pm
names and you have to be there now at the beginning if you want to participate in the huge bull run ahead. charles: yesterday i know iceberg research put a short on quantum computing. it's a different company and you get more folks attacking this but i agree with you in the sense that what we saw from google today, almost out of left field shows us how exponentially this stuff is growing. even chatgpt caught the world flat-footed so quantum computing i think to your point is here to stay. we'll bring you on from time to time, to attack these names, but i think folks need to listen and at least do some investigating. thanks my man. folks cheryl casone is in for liz claman. >> charles thank you very much and welcome to the final hour of trading. i'm cheryl casone in for liz claman. we begin with a fox market alert. stocks are in wait and see mode ahead of tomorrows big inflation gauge. the november cpi report. in the meantime, no records for the majors at the moment. the nasdaq did hit an all-time
3:01 pm
intraday high at the open, right now, it is national and international headlines that are stealing the spotlight. the extradition hearing of luigi mangione, that is the 26-year-old ivy league graduate charged in the murder of united healthcare ceo brian thompson just wrapped up moments ago. what we know at this point is that mangione has been denied bail and fighting extradition to new york and we want to show you this looking at live at the entrance to the blair county courthouse. this is in pennsylvania where earlier, police brought him into the extradition hearing. we'll have a live report on this coming up for you during the hour, plus an expert in healthcare security joins me with his take about corporate security and all of this. and the collapse of syria's government sending shockwaves around the globe as rebel forces take control and ousted president seeks refuge in russia. israel striking syria's navy
3:02 pm
destroying weapons left behind meanwhile anthony blinken says the united states fully supports syria's political transition process. we'll bring you a live report from tel aviv coming up next but first to a major market mover we're watching this is oracle. take a look at the stock on your screen sinking to the bottom of the s&p 500 right now as you can see it is down pushing lower by almost 8%. its revenue missed estimates amidst fierce competition in the cloud space. our floor show traders are eyeing this and telling you where you should pt your money instead plus two outside of tech that could deliver major returns. let's get to it with great hill capital chairman thomas haze and carnivore trading ceo dutch masters. guys welcome to both of you and dutch i'll start with you because you had an earlier call on the program about software application stocks. didn't quite work out for you that trade the way you had pictured but is that something you see kind of changing amid what you're calling a stretched
3:03 pm
market today? >> well we saw the software application stocks come down as rates went up and now that we've stabilized with rates and it looks like we're in front of potentially a rate decrease maybe for the next year or more, we're starting to see the software application stocks really move. we've had some fantastic run last month was an epic move for carnivore and its sector rotation strategy. i think the portfolio was up 25% just for the month, and you know, these are stocks that are big and the sector is big and they have got big, fat liquid beautiful profitable stocks, and app lovin, and we've got, you know, service now
3:04 pm
and vertex, spotify and snowflake and some of these are just a team, for example, the beauty of this sector is now that rates are not going up, and it looks like the future will be lower rates these are what we call long duration stocks and so we're going to see , we think, a good 9, 12, 18-month move in the whole sector. >> well and one of the things you talk about in your research is fiscal and policy wildcards and tom i want to take that to you because looking ahead at 2025 you're saying these are possible surprises. the u.s. dollar could weaken after the inauguration and energy stocks could under perform which i think is interesting. i want to point this out to you. wolfe research put out a note this morning saying the trump trade is already running out of steam. they say uncertainty in the first half puts a damper on that trade. so in the meantime, they are focused on the mag7.
3:05 pm
how do you respond to that? >> well thanks, cheryl. i think to tag on what dutch was talking about his long duration trades, i think the biggest surprise of 2025 is going to be that the 10-year treasury gets big. yields compress. what we saw in 2016 after the election, treasury sold off, yields went up and after the inauguration of trump bonds got big, yields compressed and that will help dutch's long duration trades but we like simpler stocks. boeing is a headline today. that one is still down 60% and you can't give it away but guess what? kelly ortberg is fixing the ship with the union problem solved and the 737 back on the line and a half a trillion dollar backlog over the next 10 years, so i think it's going to surprise people that boeing continues to climb higher. >> but the concern about boeing though is correct any if i'm wrong about 60% of the revenue, the payment for each plane
3:06 pm
doesn't come into the company until they actually deliver the aircraft so all of this delay is one of the issues that hit the stock during the strike. you're not concerned about this backlog? >> they have taken out a tremendous amount of cost, cheryl. the backlog is solid. china is going to double its fleet by 2043. oh, and by the way you can only get planes from two vendors one is called boeing, one is called airbus. the stock is down 60%. this is one you can tuck away and sleep well at night and by the way, kelly ortberg is a turnaround specialist. at rockwell collins in just six years he quadrupled the shareholders money before selling the company. he's on the floor in seattle. engineer, not a sales person. we're going to see good things from boeing. >> and you can see from the chart, tom, the stock is in recovery mode as to be expected after that strike ended and dutch i want to go back to you again and talk about the fiscal policy question mark as we're
3:07 pm
now whatever 40 days away from inauguration day. you know, you're talking about those fiscal and policy wildcards, dutch. i do want to get your take on federal deficits and stimulus, because biden is throwing out more student debt payments. he made that announcement today so there's more fiscal stimulus going in, more cost to taxpayers on the other side, you've got elon musk and vivek ramaswamy and they are focused on $2 trillion in cuts and getting the fiscal house in washington in order. how do you play that that was an investor as we wait? >> i would say that, you know, you've got to get long this market. the trump trade running out of steam, that's total garbage. that hasn't even started yet. look at this dream team he's put together. what happens if we cut government spending, rates come down and he's able to lower the tax rates for individuals to
3:08 pm
next to nothing. this economy, the united states will become the most dominant player like ever on the planet that we've ever seen if they just let them do this. people will invest money in the markets. they will invest in people. they will grow their inventories. they will grow their businesses again. we're just getting started. >> well we shall see. i mean certainly there's a lot of excitement around in particular. in my mind especially with dealing with nearly $36 trillion in debt this nation is sitting on. can we right the ship and dutch, you're saying we can and that be great for the markets obviously. dutch masters, thomas haze, guys thank you so much great to see you today appreciate your time. >> thank you. >> we want to move to things happening overseas right now. a lot is happening overseas. israel is wasting no time right now in taking out syrian military installations. they are trying to prevent weapons from falling into the wrong hands.
3:09 pm
we'll go live to tel aviv for the latest developments in the middle east. and, former syrian president palace included his luxury car collection. it was packed with aston martins and a rare lamborghini. we'll give you a unique alternative investment platform, we'll give you a share of a dream car, a share. "clayman countdown" coming right back. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management
3:10 pm
for the better part of a century, harry & david has been making gourmet gifts that bring people together. to share traditions and make new memories. to bring us all closer, even when we're apart. no matter when and no matter where, life is a gift best shared. harry & david. life is a gift. share more. dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading without fingersticks. dexcom g7 is the most accurate cgm, so you can manage your diabetes with confidence. ♪
3:13 pm
3:14 pm
of israel saying it took out the syrian fleet with attacks on two naval facilities. it also conducted 350 aerial strikes and knocked out anti-aircraft batteries, airfields, weapons production sites, along with some other targets like helicopters, planes, hangers and radar sites. prime minister netanyahu giving the orders to strike the military assets left behind by the syrian army to prevent them from falling into the hands of jihad. netanyahu comparing it to a critical moment in world war ii saying similar to what the british air force did that was collaborating with the nazis so it wouldn't fall into the hands of the nazis. now, while netanyahu did make it clear he does not want to interfere with syria, he will do what is necessary to keep israel safe. but what exactly does that mean for the country and the rest of the middle east? alex hogan joins us now live in tel aviv with all of the latest. alex? reporter: cheryl, here tonight
3:15 pm
israel prime minister benjamin netanyahu confirmed he has allowed these israeli military to bomb the strategic sites left behind by the syrian army, in syria, saying that the goal here is to prevent weapons from falling into the hands of extremists and also sent this message to syrians. >> we have no intention of interfering in the internal affairs of syria, but we clearly have the intentions of doing what is necessary to ensure our security. reporter: tonight confirming this attack overnight on the syrian navy fleet. the idf is also targeted long range rockets, missiles, syrian air force fields and suspected chemical weapon sites. the uk based observatory said since the fall of the regime this weekend israel carried out more than 300 strikes and celebrations continue on the streets of syria where civilians can finally begin a new chapter. rebels began their rapid
3:16 pm
offensive less than two weeks ago toppling the assad regime on sunday. with the new found freedoms on the ground displaced syrians are finding their way home but first, families are still trying to find each other. thousands of people have flocked to prisons to search for loved ones locked up. the assad regime had been known for mass incarcerations and torture, people even brought canines, sledgehammers searching for what they believed to be secret dungeons inside these prisons. syria is now former prime minister says that he has handed over the power to these rebel forces. today, mohammed bashir was named the interim prime minister and lead the transitional government for the next three months. he led the rebels so-called salvation government ahead of the stunning 12-day offensive. we're also learning tonight as the white house has said that officials be here on the ground to continue conversations that the head of u.s. central command
3:17 pm
general carilla traveled to syria and iraq to discuss regional security, cooperation, as well as the main goal of defeating isis. cheryl? >> alex hogan thank you for that live report from tel aviv. we appreciate it. well let's stay with the syrian rebels stormed former president's palace over the weekend and the world got a peak into his garage containing luxury cars, a lamborghini and a rolls royce and a rare ferrari and only 349 were made between 1995 and 1997 and car website classic.com puts the average sale price for the car at $4.2 million. so, if you don't have that kind of money and storming palaces isn't your thing there's a new way to break into luxury car ownership. mcq markets launched a mu car investment platform over the weekend so the site allows investors to buy and sell shares of high end vehicles like ferrari, mercedes and a
3:18 pm
lamborghini and shares of that sold out in under 48 hours after it was launched. i want to bring in a fox business exclusive, curt hofkins. you've gotten quite the warm welcome from the car community. in this idea, this platform, so how exactly does it work? is this like buying a stock on the nasdaq? or is it a different process? >> it's actually very similar. you just go to our website and you can buy a share in a specific car, and so we are a platform for investing in these iconic automobiles, that normally people wouldn't be able to access, and if you think about it often to be able to enter these markets and to be able to own one of these cars, you know, kind of your entry price is often around a half million dollars. so, instead of $500,000, you can come to our site and only invest $500 and up to own a piece of some luxurious amazing collector cars. >> one example so that
3:19 pm
lamborghini 5,000 qv went from 51 1,000 to 578,000 since november 2021 so about 13%, but the s&p 500 went up 28%, so how do you sell to investors that this is a good way to or is it just something to enjoy? >> it is supposed to be fun. that's the key thing is you've got to have fun and need to love it and enjoy the beauty of it but the collector car market increased 185% over the last 10 years and so it is tracking the s&p 500 maybe not in the last year because its been pretty crazy and one of the issues you have with the s&p 500 is it's very concentrated in a few stocks. so that's why goldman sachs forecasting that returns may be as low as 3% on annualized basis over the next 10 years, so that means alternative assets can be a good way to diversify your portfolio. >> you can't touch them and drive them. they are short in miami, correct? >> yes, they are.
3:20 pm
>> but obviously, you could get nor bang for your buck if the car gets sold to a collector. is that the goal because i would think there's a small inventory of these vehicles because they are so rare. >> yeah, they are very rare, and it's very unfortunate with what we see in syria there but certainly, they are hard to find and we're able to source them. we're able to curate them and we have expertise that have a huge pedigree in this industry as well as in motorsports as well. we have investors like the andretti family, we have investors like roman grojan, a former formula 1 driver, so we have great investors, tremendous experience across the space. >> they are buying into the car? >> absolutely, yes. >> not into your company? >> well they have bought into our company and some of our ambassadors are buying into our cars as well. >> okay so the andretti's could be in theory buying into pieces of cars as well and investors.
3:21 pm
do you worry about depreciation? is that something you're concerned about? >> first of all keeping these cars in great condition is part of it and the car we're launching next which is coming up tomorrow, which is a lovely ferrari 512 bbi, very rare car, this car only has 854 kilometers so like 530 miles on it. it's a 1984 and it's one of the last hand-made cars by ferrari. so, that is going live on our platform, so people go on and they can register today and invest in it tomorrow, and cars like that are very very hard to find. >> so, i mean, do you think that moving forward, that this has something that could expand? you're doing cars now. i'm not a big car person so i have so many questions. does it move into wine, jewelry, other hot items? art? is there other ways to do this type of investing? >> first of all the collector car industry is huge. its been reported it's around 80 billion a year of transactions so it's is very large and we can grow that
3:22 pm
significantly, but i expect that we'll move into collectibles and motor sport collectibles as well maybe in due course but also motor racing be very interesting. >> well you know, look. i guess i'm not a car person but a good friend of mine was telling me this morning her husband got a brand new porsche he wanted and he cried when it got delivered so a car can make a man cry, it's a hot property. thank you very much for being here appreciate it. >> thank you. >> all right, well, google has the wow factor. tesla ceo elon musk reacting to its new breakthrough chip. we'll tell you what has the world's richest man excited. and police have charged 26-year-old luigi mangione with the shocking murder of the you fighted healthcare ceo. we'll have the latest developments in the case against the suspected assassin. we're coming right back.
3:23 pm
after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. ♪ limu emu & doug ♪ woah, limu! we're in a parade. everyone customize and save hundreds on car insurance with liberty mutual. customize and sa— (balloon doug pops & deflates) and then i wake up. and you have this dream every night? yeah, every night! hmm... i see.
3:24 pm
(limu squawks) only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ jorge has always put the ones he loves first. but when it comes to caring for his teeth he's let his own maintenance take a back seat. well maybe it's time to shift gears on that. aspen dental has complete, affordable care all under one roof. plus $29 exams and x-rays for new patients without insurance and 20% off treatment plans for everyone.
3:25 pm
making it easier to get started with quality care. it's one more way aspen dental is in your corner. how easy is it to play the lottery with jackpocket? step one grab your phone. step two download jackpocket and start ordering tickets for your favorite state lottery game. step three let the good times roll. jackpocket is so easy to use from home or on the go, and there have been over $500m in total prizes won. so now the easiest way to enjoy the lottery is right in your pocket. jackpocket. download america's number one lottery app today. (man) what if all i do for my type 2 diabetes isn't enough? or what if... (vo) once-weekly mounjaro could help? mounjaro helps your body regulate blood sugar and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%.
3:26 pm
plus people taking mounjaro lost up to 25 pounds. don't take mounjaro if you're allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. stop and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, or vision changes. serious side effects may include inflamed pancreas and gallbladder problems. taking mounjaro with sulfonylurea or insulin may raise your low blood sugar risk. tell your doctor if you're nursing, pregnant, plan to be, or taking birth control pills. side effects include nausea, diarrhea, and vomiting, which can cause dehydration and may worsen kidney problems. (man) i can do diabetes differently with mounjaro. (vo) ask your doctor about once-weekly mounjaro.
3:27 pm
>> fox business alert for you, google parent alphabet at the top of the nasdaq, after it launched its latest quantum chip called willow. alphabet said this marks a imagine or breakthrough in the field of quantum computing. the news earning a nod from elon musk. the tesla ceo responding with a wow to google ceo's post on x, when he announced willow there's alphabet up more than 5%. musk's ev company tesla also getting a wow reaction from morgan stanley. famed analyst adam jonas raising
3:28 pm
the price target to $400 from 310 calling it his top pick with a buy rating. he wrote that "musk's entry into the political sphere has expanded investor thinking around tesla's fundamental outlook and there is enthusiasm for all things a.i., data centers, renewable energy, robotics and onshoring." there is tesla up more than 3.5%. walgreens boots alliance is at the top of the s&p 500. it's headed towards its biggest jump on record right now. the "wall street journal" is reporting they are now in talks to sell themselves to private equity firm sycamore partners stock is down 61% over the past year. its been a struggle. stock is up right now almost 17%. alaska air group surging to a 52 week high after the airline issued better-than-expected third quarter results and they raised their fourth quarter and full year profit forecast. they cited stronger holiday travel bookings and lower interest costs. alaska air is also planning to launch non-stop flights next year to tokyo from its home hub
3:29 pm
of seattle. well, the murder of united healthcare ceo brian thompson generating fear that there may be more copycat killers like the man suspected of pulling off the assassination. luigi mangione types are now on high alert. we'll speak to the head of the trade group, whose members offer security to the largest healthcare companies in the world about what they are doing to protect their clients now. we'll be right back. (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... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.
3:30 pm
since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™. to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road.
3:33 pm
do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had
3:34 pm
planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. >> we have two pieces of major breaking news to bring to you right now. we'll start with this one. this is albert pujolsson's the stock is halted for volatility. it's actually become a couple of times, a u.s. court just blocked kroger's $25 billion bid to buy albertsons so this would have been the largest supermarket
3:35 pm
merger in u.s. history. kroger proposed this deal in october of 2022 but there's a lot of regulatory hurdles as you can imagine. anti-trust concerns, and the federal trade commission had sued to prevent the acquisition from going through the alleged that would eliminate competition, lead to higher food prices for already struggling consumers under the crush of inflation. we're also getting some more breaking news right now and this is shares of u.s. steel have been halted. this is hit a roadblock as well. bloomberg is reporting president biden is set to kill nepon steel's purchase of u.s. steel. u.s. steel is being halted for volatility. i do want to add a caveat here to this deal that president-elect trump had said he would also be killing the deal. nepon steel from japan was pushing to close the deal before trump was sworn in january 20. even though biden and harris when campaigning had both said they were opposed to the deal,
3:36 pm
remember that the steelworkers were opposed to this deal. their attitude was that they were not going, their benefits be in jeopardy, 401 (k), their jobs in jeopardy under this japanese company even though japan is an allie of the united states so again, these two major stories just breaking in the last few moments we'll see if either kroger or u.s. steel actually starts trading before the close of business. we've got 25 minutes to go. we have more breaking news to get to right now. the suspected killer of united healthcare ceo luigi mangione, he was heard shouting as police escorted him to the blair county courthouse in pennsylvania for extradition proceedings, so he shouted "this is completely out of touch" and an insult to the american people. police had to force him inside of the building. the 26-year-old was arrested last night in altoona, pennsylvania for the murder of united healthcare ceo brian thompson. the ivy league grad is being
3:37 pm
held without bail and he faces second degree murder charges here as well as criminal possession of a weapon and forged instrument. i want to go live to fox news bryan llenas in pennsylvania. you're outside of that courthouse, brian so what was the scene like when he started screaming? reporter: cheryl, well yeah. i think the best way to show this is to actually show it and for people to hear it for themselves as 26-year-old luigi mangione was being brought into this courthouse for an extradition hearing. in fact he is going to contest that extradition by the way to new york city and he was denied bail, but he was obviously amped up as he was being moved inside the courthouse and this is what he had to say. listen. >> you guys are completely out of touch with the american
3:38 pm
people. reporter: there he is calling this an insult to the intelligence of the american people and the lived experience. now, once inside court, mangioni sat mostly silent and his new attorney thomas m. dickey said his client will not wave his rights and fight extradition to new york city to face second degree murder charges of united healthcare ceo brian thompson. at one point he tried to interrupt his attorney and dickey turned to him and said "don't say a word" and mangion i'm was denied bail and will be held at the huntington correctional facility and has 14 days to challenge that detention and now that mangioni is fighting this it could take 30-45 days before eventually moved to new york city to face murder charges and as manhattan d. a. is seeking a governor's warrant for his extradition. this as we are learning more
3:39 pm
about mangioni's arrest at that famous altoon axe mcdonald's yesterday morning and it shows him eating a hash brown in the back of mcdonald's, and an eye witness says he was having a coffee with a friend when his friend turned to him and says hey that looks like the guy from new york and the employees at mcdonald's evidently thought the same thing. >> i think that the one worker that actually thought it was him, she said between his eyes and his eyebrows she says when i took his order, it was like she had in her mind, oh, my god, this is the guy from new york. reporter: again, mangioni did not have an attorney until this hearing. he met his attorney thomas dickey, and they have been granted more time to get to no one another here in the courthouse and his attorney will be having holding a press conference at 5 p.m. today.
3:40 pm
cheryl? >> brian real quick. do you have any idea about motive at this point? reporter: yeah. there is a lot. he had ae handwritten in which e system we know from the nypd and we know from the associated press and he also justified this killing saying essentially that these are parasites, quote in quote, that deserved it. these are some of the things that he said in that note. he also said that he acted alone, so that's some of what we're hearing. we also have heard a reporting from the new york post that he was suffering some traumatic back injury and he had surgery for that and that may have played a part, perhaps in his sentiment as to how he felt about the healthcare system, and we also know from the new york post that his mother reported him missing from san francisco on november 18, and so the back surgery seemed to be a nexus
3:41 pm
here and then he lost contact with his family and now we're here, cheryl. >> if he's 26 didn't he lose healthcare coverage under his parents? i don't know i'm just throwing that out there. bryan llenas thank you for that lengthy report. i really appreciate your time. well, you know the online reaction rampant with support for mangioni and disdain for health companies has been another story that we've been following. so here is a question for you are. other executives at risk of this emboldening others to commit acts of violence against corporate executives let's bring in the international association for healthcare security and safety president, eric shawn clay. you are the trade group that offers security to these healthcare companies in north america, some of the largest. it was my understanding that thompson a lot of times he did have security but that morning, here in new york city, he did not have security. what can you tell us?
3:42 pm
>> obviously, very few healthcare organizations actually have an executive protection function. typically when they do it's in response to a specific incident or threat such as this. targeted violence against healthcare executives is very very rare. we see a lot of violence directed at caregivers such as nurses, doctors, but not a lot towards executives and when we do get a threat against an executive we investigate and take steps to mitigate and not a lot of follow through on threats against executives. >> so what do you make of this online chorus of i'm going to say despicable people out there cheering the fact he was murdered here in new york because they are angry at healthcare companies? i understand, you know, united healthcare for example, is known to be the biggest denier of claims, but do you think that there's going to be copycat attacks happening? is that a concern that you're
3:43 pm
hearing? >> well i think the celebratory social media posts are despicable. it's disappointing people would celebrate the murder of someone. i certainly hope that we're not going to see any sort of follow-on crimes but i think the organizations are certainly taking steps to better protect their executives at this point. quite often in the security industry, it takes a tragedy for us to change the way we do things and i think that this tragedy has certainly changed the way we operate. >> how do you think that mangioni and i'm asking to speculate and i apologize but he knew where thompson was going to be. it was early morning, before the start of the conference. i made the observation on the news channel that look, these are very scheduled events. he was set to take the stage. it would have been easy for him to be walking into the hotel or near the hotel and that is where mangioni had waited for him and attacked him, but do you think there was, i mean, are these investor conferences too
3:44 pm
open? is there too much information do you think companies are giving out about not just their executives movement but also, details about their lives? the about page with all of the executives at united health they actually pulled that down and i'm wondering if that is a change that we'll see. >> i think we're already seeing that change. i think the organizations are certainly practicing greater cyber hygiene. they are pulling down photographs. they are pulling down biographies. i think they need to take that a step further and really look at their personal information that they post and lockdown their facebook pages, remove the information from linkedin, anything that motivated threat actor could use to piece together parts of your life, it could be as simple as , you know, this person likes to coach soccer teams, kids soccer teams on the weekends. anything they could use to figure out where you might be, i think we need to start removing that information and make it harder for people to target people. >> you know these conferences
3:45 pm
are, it's a massive business let's be honest. that was a very large investor day event up at the hilton a few blocks from where i'm sitting right now and i'm wondering if companies are going to start to change access to these executives and also, you know, up security protocols at these conferences. because you think of somebody like jamie dimon whose very visible, very public figure, but we have media executives that go to these large conferences. do you think there needs to be a change in how these events are actually put on? >> i do. i think we're seeing that already. i've already seen announcements from large organizations looking for executive protection professionals. i think again this tragedy has certainly changed the way we operate, so i think that the organizations are going to really start taking a look at how they operate within moments of this news story breaking i was getting calls from across the country from different
3:46 pm
healthcare organizations asking what should we be doing differently? so i think within moments of this organizations were talking to their ceo, security teams were meeting, they were looking at all of the operations, at their threat assessments and the risk assessments, updating things, getting access to new technologies, access to resources that were previously unavailable to them so i think that it's definitely changed the way we operate and we're going to see that. >> and real quick, could you give me any specific examples of threats you've seen in the past that are now coming to light that you are remembering because of what we've seen with this murder? >> well, you know, can't really say specific ones that we've seen in the past but i could definitely say that i'm not aware of any threats where there's been an executive protection team that have been successful. anyone whose been able to kidnap or murder a protectee, whenever
3:47 pm
they had an executive protection team so they are very effective. there's a lot that goes on behind the scenes. it's not just somebody protecting an individual. there's a lot of work that goes behind that to keep people safe so i think you'll see a lot more people engaging with this protective teams. >> i would think so. eric shawn clay, eric thank you very much for being with us we appreciate the information. well, we're going to switch gears now for all of you and talk about crypto. so the industry is up in arms over the renomination of sec commissioner caroline crenshaw. they are calling her anti-crypto. senate banking committee is going to decide her fate tomorrow we have charlie gasparino with more details, next.
3:48 pm
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. ♪ (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com an alternative to pills, voltaren is a clinically proven arthritis pain relief gel,
3:49 pm
3:50 pm
this holiday season... -kevin? -catherine! all aboard the freedom unlimited! kevin... kevin? kevin... kevin!!! and kevin - uh, i mean, macaulay - take a very special trip to the mall where anything... come and get your little kev! is... cashbackable!!! -really? -yeah. anything is cashbackable!!! chill. sorry! 'tis the season to cashback with chase freedom unlimited. how do you cashback? chase, make more of what's yours.
3:52 pm
wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >> closing bell will link in about eight minutes, dow is down 167, actually s&p down 20, nasdaq is down 53. let's take a look at shares of u.s. steel again. so, the stock has resumed trading. it was down as much as 17%, and taking a look at nippon steel corporation, that's actually higher by 2% bloomberg is reporting that the biden administration is going to kill the $15 billion merger between u.s. steel
3:53 pm
>> they're watching those two stocks. senate banking committee set to vote on these caroline crenshaw and going to pull out all the stops to prevent it. >> it's fascinating how much they're spending on this one commissioner and i don't see these and going to see these trump taking over and replaced by paul atkinses and it would be caroline crenshaw as well and going to see kind of a crypto and this is a story and focused on fox business and going for
3:54 pm
them and going for time and effort and they're spending on trying to block her from getting renominated and biden renominated her and have to attach her to a bill and only going with a few days left and trying to do it at the last minute and install a leftist and critics say it's the crypto going nuts and see it looking at brian armstrong and head of coin base and mobile online and going for that and money threatening people trying to have democrats and going for them to vote for him or her to renominate her and we're going to your score on your crypto score and there's a crypto-friendly score. it's in the story, i can't remember the name of it.
3:55 pm
3:56 pm
going for democrats as well and trump will have to pick a better more pro business pro crypto democrat and that's going for them now and going for her and. and posting difficult timing and that's what the crypto striois saying and go there and we're going to vote you out. >> can't wait to read her story. >> thank you, sir. charlie gasparino. earnings on deck and going for them and the meme stock and revenue of $887.7 million and 17% drop from last year's revenue and gamestop stock going
3:57 pm
for them and bring in the chairman george ball. good to see you. managing 4.9 billion in assets and some meme stocks, game stock and amc. you're not a fan of these whatsoever. but the other side will push back saying that a lot of money has been made on these names. >> old fashioned and going for him on my investment core and core gamestop and the other meme stocks and they are investment speculation and going for the wager and speculative base in them. in such they erode capital markets competence with strength of the united states and to help make our economy so strong over the year's decades and century
3:58 pm
for that matter. there's something about that and it's unfortunate and they can't be legislated or regulate of existence and nothing illegal or unethical about them. they're paying speculation and gamble and they're sort of like pornography and then. meme stocks and not much you can do about it i'm afraid. >> buying the vicks is tricky. actually very different and bitcoin getting to the roof of
3:59 pm
it is like gold and value and people and gold is deprived and bitcoin is technology based modern era equivalent of going to be volatile and going for them premise of the h hiatt of e meme stocks and going for the gambling stocks and the roulette wheel. >> real quick before we go, getting cpi tomorrow and what why you expecting for the fed meeting in a week. >> i don't know that the cpi and fed funds rate are the line and turn of the markets and going
4:00 pm
for them and i think that's a question of consumer confidence and it's a little hotter than you'd like and the fed will still probably cut the rate of the december 18th meeting. >> lewis thinks if we see owners come up that'll drop and be a market positive. george, you're not old, you're wise. go with that. thank you for joining me. that's it for me right now. are that's it for me. we're now going to close it up. i'll see you tomorrow. larry: hello, folks. welcome to kudlow. i'm larry kudlow. middlemen businesses and families are all doing the trump dance. that's right. more on this dance in just a moment wit
0 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on