tried to suppress it. the bidens tried this overbearing big government socialism woke cancel the culture, cancel our history, dei. americans have been chafing under that for now years and they are thrilled to get out from under it and trump has captured the zeitgeist, and trump himself may be that for all we know. charles: i've got to tell you something larry. i love it. i absolutely love it. i was at the mall last saturday and so many people stopped me from all walks of life. it was wonderful. harcheck out larry at 4:00 and z right now. happy birthday liz. liz: oh, thank you! charles: i'll come over later. liz: good to see you both. thank you so much. stocks are lower right now in fact the dow just touched a

session low of about a 237 point loss right now, down about 221 points. it is on pace for its sixth straight loss. we need to show you united healthcare group because for the second day in a row, it is the worst performer of the blue chips. right now shares of the insurer are falling 2.7% so you're looking at a two-day loss of about 8% but its been just a more of ic nine days since ceo brian thompson was shot and killed by a gunman who attacked him in midtown manhattan and the suspect 26-year-old luigi mangione had been an ivy league educated academic star until his mental health reportedly began to slide after back surgery left him in chronic pain. police now saying evidence including gun possession and ammunition found on him link him to the shooting. they indicate that paperwork was also found on him where he blamed health insurers for his woes. now, multiple reports and lawsuits say united healthcare has the highest rate of

insurance claim refusal and that the insurer uses a.i. to systematically and erroneously in many cases reject patient claims. coming up, dr. ronald rosney, known as the a.i. doctor is here or where a.i. algorithms are taking healthcare to a very dark place, but also, how they can be used for good and in some cases, life saving good. the s&p following the dow lower we've got it falling about 26 points. the broader index at the moment is let's call it half a percent to the downside, and when it comes to the nasdaq, it's kind of been somewhat of a three steps forward one step back pattern. today is the one step back part of it. the tech-heavy index falling 94 points. this of course after the three big steps forward happened yesterday, when the nasdaq not only closed at a new record, but it cd above 20,000 for the first time ever, and its taken the index nearly four and a half years to get thereafter

hitting 10,000 back on june 10 of 2020. top performer during that stretch from 10,000 to 20,000, can you guess? anybody want to guess? not nvidia. cloud and data center hosting company, applied digital. certainly not the best known name out there. 1.8 billion market cap but look at this move of 19, 979% since june of 2020 and we just for the fun want to show you the runners up. bitcoin holder micro strategy, energy services and equipment maker weatherford, and infrastructure project manager limbach, but today if you're talking about big winners, it's warner brothers discovery leading the nasdaq. shares of the entertainment company speaking 14% right now on a big headline. wbd says it is getting its business from three divisions down to two now. legacy cable tv as one of them and then streaming in udio is the other. ceo david zazlov led discovery

since 2006 merging it with warner brothers in april of 202k never came close to its all-time high of $77. that was way back in march of 2021. today, it's at $12 stock. coming up charlie gasparino has more on what today's announcement really might mean for long suffering warner brothers discovery shareholders in the meantime, markets are in the red. they are still close to record highs so let's get to the floor show jpmorgan global market strategist jackmanley is here along with phil blancato. some of the red can be blamed on what we got today which is the economic data of inflation at the manufacturing level the producer price index on just about every metric, it came in hotter-than-expected so jack, when you see that, i mean, year-over-year 3%. the expectation is 2.6% so that's a big miss there and it is hot. does that concern you at all as it pertains to the stock market? >> yes, first of all happy birthday less. liz: thank you. >> wonderful news, but i do

think it's important to pay attention to inflation of course and ppi in particular because those prices will feed through into what we're paying as consumers. but i am a little bit worried that we're a bit too anxious about what's going on in inflation right now and when i look at yesterday's cpi data in particular there's a really interesting narrative to tell here. a lot of the inflation that we saw yesterday that fed threw into this reflation that we've been seeing over the past few prints comes from spending on things like travel, leisure, hospitality, we all know it, rosenstein it? yougo out to eat it costs a fortune. a lot of this is the fact that we've been resilient, wages have been up, s&p is up, home values stayed strong and high, that inflation is coming from this sort of wealth effect. but when you look at the broader inflation story, the biggest driver of inflation over last 15, 16 months that's shelter costs and that continues to moderate. we look at auto insurance. not the biggest but the weiderest driver of

inflation. that's been moderating, so i'm not too worried about this reflation story. all i'm seeing from these data are that the old world, pre-covid of 1-1.5% cpi is behind us. the new world is 2-2.5. liz: would it surprise you that jack says the days of a booming u.s. economy are behind us even though he's laid out a positive picture here, how do you feel about the u.s. economy? >> i've got to be honest. we talked about it with charles payne a minute ago. this is a massive debt we have means the government can't spend like they once did so it's a drag. going back to normal is not fun but that's what folks have to get used to. the normalization of equity markets and bond markets and if god forbid we get an inflationary spike because some of the things i agree with, what if this trend of food continues to push higher? what if wages stay higher because the labor market is out of balance and we end up where the fed doesn't cut nearly as much as expected or in this weird scenario has to hike because they went too far too

fast, imagine what that would do to the equity and bond market so you have to be careful you don't get too exuberant at a time when moderation normalization is what's coming. liz: are we a little too late to say be careful about getting too exuberant, jack? we are looking at investors who are piling in, and we're about half way through december, so i would expect to see a lot of tax loss selling, kind of not seeing that yet. we just hut a record high on the nasdaq yesterday coming into today. all of the s&p needed was 7 points to get a brand new record, so let's say you want to be a little bit cautious. where do you dip your toes and fingers when it comes to picking up stocks right now? >> i think caution is warranted, and i think optimism may also be warranted so we have those two things together. you still want to be constructive on the equity market and to me the most interesting thing here about stocks is that for the better part of the last two years the only game in town is the mag7. we know they have been able to generate earnings growth despite a lot of the macro headwinds. liz: stop right there.

yesterday, meta, amazon, google, apple, all hit record highs. today apple is continuing on that. they are about to, according to some reports, release a brand new chip that is homegrown, made by apple, that's going to be their wi-fi chip so you've got qualcomm the big competitor in that area down just slightly, but okay, go on. so what about these ones that keep hitting record highs? you'll tell investors stay away from those? >> no i think they will continue to do well as you move through next year. the exciting thing, liz, is everybody else is showing up to the party for the first time. we can argue sort of on the margin there's fuzziness about how far does wage growth fall? how much does inflation cool? how much does the fed do over the next couple of years? but we don't want to lose sight of the big picture which from where i'm sitting is the wage growth will keep cool and inflation will, and rates move lower. and in that environment, its gotten easier to make money. you're seeing earnings broadening out across the index. its already started to happen. it's expected to happen next year too.

we're fishing in a really big pond so when i think about equity allocations it's not style boxes it's security selection. it's an active managers paradise. liz: phil actually likes meta? that's one of them. it's up 77% year-to-date so you're buying it kind of high but that said, your other two names, shop it friday and ge aerospace are not mag7 names. you do feel maybe there's the opportunity to get something? >> i do and i'm bullish on equities but to the point where the stock market and those mag7 give us 8-10% next year not 30 and that's the difference. i think you hit on it. there is your chance to pivot a bit. take some profits and go to a shop a friday. why? talking about a company that's really going to benefit with the explosion in small caps and that's the story next year, lower interest rates, stronger u.s. consumer, where is that money spent locally? places like shopify help with the online sales with great margins looking at double-digit earnings growth, that's the company that will benefit by the points jack made which is

an expansive u.s. economy but moderating to the broader breadth meaning it's not just those seven. the other one ge aerospace, another pointing to the consumer. why? go on a plane or somewhere, where your using tourism where that feeds into the mo davis the modernization american system of flying, traveling. everything they play into is a big play. liz: important to note they have collaborations with boeing on everything from airplane modifications to training, so you want to be careful because boeing is still in a fits and starts mode of getting backup to speed but that said, it is great to have you both on a day like this , where we're getting into that holiday spirit, but a little bit of a pullback which could be a buying opportunity. but great to see you both. >> thanks, liz. liz: we've got a sizzling hot ipo hitting the market today as service tighten barrels towards its very first final hour of trade. we're going to show you how the niche software maker is moving and how much early

investors stand to make. and lift off archer aviation's ev take off and landing aircraft have already captured airlines interest. now it's adding the defense industry in a bigger way to its quiver of business arrows. the ceo of archer is joining us coming up. "clayman countdown" is coming right back. dow jones industrials is the percentage laggard here the majors unless looking at the russel down 1%. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

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liz: fox business alert. we've got stocks bucking the broader market trend today. cheers are in order for u.s. beverage manufacturers at this hour shares of coca cola, pepsico, and dr. pepper are higher on the session after deutsche bank upgraded all three

of them. all three of them get a buy from a neutral. so deutsche says it expects an uptick in restaurant traffic which in turn could benefit the beverage and snacks industry. another drink maker bubbling higher today, celsius holdings rallying 6.25% after jpmorgan initiated coverage of the energy drink maker with an overweight. jpmorgan sees a coming re-acceleration in the u.s. energy drink category and that no doubt will be welcome trend for investors in celsius because shares have been cut in half over the past six months. constellation energy's growth may be written in the stars, bank of america upgrading the clean energy provider to a buy from a neutral, saying constellation is in the best position to benefit from rising demand and upcoming regulatory clarity. bank of america analysts calling constellation energy under valued. so it's up 1.6% today, and they are still calling it under valued with shares up more than

305% year-to-date. and a brand new stock hitting the nasdaq this afternoon, cloud-based software maker service titan opening for trading just before 1:00 p.m. eastern and it popped up to about $101 per share. it gapped up 42% from its ipo price of $71 so with about 44 minutes left to trade service titan is close to the highs at $100.76 with a gain of 42%. this jump gives the company, which is a favorite with the heating ventilation and air conditioning sector, a nearly $9 billion valuation, and it marks a significance moment for the ipo market, which has been really slow year-to-date. service titan is bessimer and tp g, and one of the few venture capital-backed firms along with reddit. rubric has gone public

this year. do we have a breakthrough brewing in the middle east? hamas reportedly yielding to two of israel's key demands for a cease-fire. breaking details on "the talks" straight ahead. and with geopolitical tensions at an a apex in israel and ukraine, air taxi maker archer aviation sees opportunity. ceo and founder adam goldstein joins us next to talk about how he plans to hit the profit bullseye by playing defense. the "clayman countdown" is coming right back. dow is down 200 points. m the rie 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.

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liz: folks we've got pretty stunning breaking news here. white house officials say a gaza cease-fire deal is near. national security advisor jake sullivan today saying that a potential israel hamas cease-fire and hostage release agreement might finally be forming. after meeting with israeli president benjamin netanyahu in jerusalem today the white house advisor says they are hoping to cut a deal and begin bringing the remaining hostages who were kidnapped by hamas terrorists on october 7 of 2023 home this month, and hamas has handed over a list of hostages, it says, it will possibly return. meanwhile, israel's military says it may take the opportunity to strike iran's nuclear facilities after it destroyed 85% of syria's air defenses over the last 48 hours. the idf says iran is totally

isolated after the fall of the assad regime in syria and is possibly developing nuclear weapons. israel now has total air superiority above syria and will operate in the area to ensure weapons from the former authoritarian government do not reach iran or its proxies. while israeli jets and drones patrol syrian air space two american companies teamed up to bolster america's nations defenses with hybrid planes. archer aviation announcing today it is partnered with military tech company to develop a gas and electric powered vertical take off and landing aircraft for military use. it's the first launch from its new archer defense program which just raised $430 million additional equity capital to fund this venture. to the archer aviation founder and ceo adam goldstein, live from san jose, california. adam the last time you were here we were talking about your commercial deals with airlines and you had one with the u.s.

air force but tell us about this hybrid military aircraft and the partnership. what's it going to do and bring? >> yeah, so the midnight program which is our commercial program, is really in the advanced stages, it's very mature and something we've worked on for a long period of time and something the industry is ready to come see to life and we've announced dates to actually bring that to the public, so as that program has matured, there are new capabilities that we can bring the same technology to in the defense space and so we announced a partnership with anduril to develop those next programs so there's a lot of new capabilities that could be developed and really tried to bring back innovation into the vertical lift part of the defense industry which hasn't seen much of late. liz: you've got the deal to develop the midnight, also for the air force. that was already out there. i think it was as you said $142 million deal but tell me about the advantage that the aircraft for the military is going to bring to our military capabilities and our fighters.

>> yeah, i think president trump and elon musk have done a good job of really talking about this next generation of companies that can build what some are calling autonomous and affordable and so how do we build a next generation program that can really serve the modern day needs and it needs to start with cost and so these need to be aircraft that have the same type of capabilities or potentially better capabilities but come at a much lower cost price point and it's a huge deal. the second thing is from having these electric hybrid powertrains, you can build these vehiclvehicles that are much qur so they have a thermal signature that gives an added advantage so the aircraft also by nature of looking at them have lots of sets of propellers so there is a lot of redundancy built into them so you get the enhanced capability at a lower cost with better performance. liz: that's really incredible. when i look at archer and your first minute as a company, go back to that moment and see how difficult the idea of creating

these take off and landing ev's were really and how many people were naysayers and here you are now striking a deal with the u.s. military and anduril. what's that like? >> yeah, when i first started talking about the concept of archer, it was certainly seen as far out and crazy, but as the product has matured i think all of a sudden it has become much more accepted as something that is going to happen and so its been amazing to see the wide support of fans out there for the industry. there's a huge support group out there that really wants this tech to come. who wants to sit in traffic? i don't think anybody is excited about that. everybody values their time, and then being able to leverage that and really expand into other industries like defense i think is really critical and enabling a big, strong business that can last the test of time. so that's what's so exciting, and you know, i've seen some of the biggest naysayers out there finally start to come around and become positive on it so that's

been exciting too. liz: when are we going to start seeing being operated by the airlines? >> so our goal is to be commercial as soon as next year, so we've announced our first launch market which is in abu dhabi so in the uae. i think with this new administration coming in with a big focus on say loosening up the regulatory environment, while it is our focus to make sure we have a very safe aircraft i do think we're going to be a willingness to really try to advance america's agenda to make sure america can lead in technology and this is a good example. liz: let me bring that up here. you mentioned elon musk and donald trump. the incoming administration which you feel is really much more, i guess, open minded to this kind of thing. have you had conversations with either of them? >> yeah, so if you look at the kind of crowd that's around this industry, and you look at the different people that we're partnering with so for example, anduril, a big supporter of

the new administration, and so i think you're seeing a grouping of people that are coming together to try to change the world and push the world into this new different place, and we're excited and thankful to be part of that crowd. i have always been a huge fan of what elon has done, as an entrepreneur myself i know how hard it is to build things and of course he's done it at incredible scale so his support and president trump's support for the industry is actly what's needed and also, it's what's needed to help convince the general public that these are going to be amazing new technologies people should embrace. liz: you know, you just said that when you started your company, people thought you were kind of coming up with an idea that was freaking crazy. here is something freaking crazy and i know you guys don't know much about this , but these drones that have been spotted over new jersey. i'm just going to ask you this because you are an aircraft expert. what do they look like to you? >> it's funny. i've had a lot of questions on that today. what i think you're seeing is

there are different types of new aircraft being built and sometimes they look different than the stuff we're used to seeing so when people see our aircraft for the first time theophano say wow why are there so many propellers, and there's a good reason because the electric power so as you see the new aircrafts coming out to market it's a surprise. sometimes it's experimental and sometimes they are more nefarious. i don't have any additional information on the stuff going on in new jersey but new types of aircraft are being created all over the place so i'd expect to see more things like this. liz: well, i'm a new jersey resident. from what you see , and we're running some of the video now, should i be worried? some of these are moving in formation and police are concerned. the administration and the pentagon say don't worry. what do you think? >> if you ever seen a drone show before, where there's hundreds or sometimes thousands of drones in the air, that are doing formations and really complex maneuvers, the things

that you can do in the air are quite complex. it may be something very innocent that we don't quite understand yet and so i would say wait and see what comes out on that but again, given the technology advancements that's happening i would expect to see a lot more things flying around overhead. liz: well, if it comes over my house i'm taking that thing down with my slingshot. >> you do that. liz: adam, good luck and congratulations on the new partnership. we appreciate you coming on. >> thanks so much i appreciate it. liz: thank you. well, the murder of a united healthcare ceo last week unleashing a for entertainment t the suspect but the industry itself. now one doctor says if used properly, artificial intelligence, which united health group is using to reject thousands and thousands of claims, may be the key to curing the world's ills and straightening out america's healthcare system. we're going to ask him about that. and fox business speaking of a.i. is about to take you live

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liz: fox business alert. the suspect in the murder of united healthcare ceo brian thompson breaking open a national dialogue on the distrust of the healthcare insurance industry. the brazen assassination on a manhattan street last week turning luigi mangione into a sort of anti-hero for some americans. many of them scorned and denied by companies. support for his defense is flooding into a crowned funding web site, give, send, go, and has raised some $50,000. one anonymous donor writing, "i

was six when i was diagnosed with cancer. i watched as my parents suffered under medical bills not covered by insurance." other wrote, denying healthcare coverage to people is murder, but no one gets charged with that crime. and the actual murder has also brought new life to questions about a.i. in the healthcare sector. the senate permanent subcommittee on investigations recently released a report accusing the insurer of using artificial intelligence to deny claims on mass. the report pointed out that the company's denial rate for post-acute care rose from 10.9% in 2020 to 22.7% in 2022 who knows what it's at right now. this comes after a lawsuit last year claimed united healthcare's a.i. model had a 90% error rate as it rejected claims. so, whose to blame? a.i. or the company and is this technology doing more harm than good?

joining us now on a fox business exclusive is managing director dr. ron rosney, his new book, a.i. doctor, the rise of artificial intelligence, dives into the potential benefits of the new tech in the space. well, first, thank you for being here. we just showed some of the comments of people who have been denied and there is now something called medical bankruptcy where people go bankrupt because their insurers refuse to pay. so, what do you make of the reaction to what has happened in the wake of this tragedy where luigi mangione allegedly murdered the united healthcare ceo brian thompson? >> first it's good to be with you and the problem with the companies doing you utilization management and denying claims that the doctors deem to be appropriate care is not a new problem; however, now with the use of algorithms, you could do it at-scale, so with

the united algorithms and other companies we've seen the early results. these algorithms are trained such that they seem to be really errorring on the side of the insurance company and that's a decision in the design and the development of these algorithms, so whether it's absolutely 100% deliberate or examination of the data shows that it's finding issues with how these claims historically have been paid, that's an open question; however, patients are paying the price. liz: well, sure, and the theory is understandable when you look at how many claims have been rejected and how they are rising. forbes says that you nighted health has the largest number of rejected claims, a full one-third of all of the claims their system, a.i.-driven in many cases, rejects all of

those and when you look at insurers, people are being used in many cases as atm's. they pay their premiums every month year after year and then when they need the atm to work in the reverse and to reimburse them for medical costs, suddenly, it's no. rejection. so, what do we do about that? do we start to say you can't use a.i.? because there is a.i. that is very very helpful in things like screenings for breast cancer, mammograms, cat scans. they have an incredible rate. these algorithms in spotting problems, or rejecting things that look weird but really aren't an issue. >> well, i mean, i think there may be a role for government in this in terms of regulation because companies aren't going to back off voluntarily. they are going to use latest technologies to improve their business model, and it could come at the expense of providers and patients. now, providers are also starting

to use a.i. in order to streamline their administrative operations. liz: well that's good because their administrative operations are costing them a fortune because of the companies. doctors have had to hire extra people just to deal with the paperwork. my dad was a surgeon. this is back in the 80's. he said i can't believe i have to hire yet another person to deal with the insurers who are rejecting all kinds of things for these patients who desperately need the issues. >> well, the healthcare economy in the u.s. is $4.5 trillion, fourth largest economy in the world, by itself. liz: wow. >> 25% of that is due to administration, so you're talking about over a trillion dollars a year in paperwork alone in the u.s. healthcare. that's one of the largest economies in the world in that of itself, so there's a lot of efficiencies that you can take out of the system, using technologies like a.i. that can

automate note taking, coding, submitting insurance claims and so forth; however, the companies have a lot more money than providers. they're already using these algorithms to review these claims and reject a lot of them, and lots what we saw last week is the tip of the iceberg. the anger, resentment on the part of the patients and the u.s. population towards the health companies is at this point all-time highs. liz: you are trained as a cardiologist so you look at this technology and say this is actually good technology. what companies are investable in a positive way that you have found in your research? >> yeah, so the technology being new, a lot of the action in terms of investment is in the private markets, because people are just figuring out how to use these technologies and are developing the latest

products that improve diagnosis, medical research, and so forth; however, you have the first generation of companies that are going public, or this year alone, we've had a couple of good ipo's waystar, which uses a.i. for administrative part of healthcare and tempest, which uses a.i. for precision medicine and drug discovery. liz: well maybe we can put up the chart so people can see some of these stocks but again it's waystar ticker symbol way and tem. >> even though the ipo market has been mostly slow for the last couple of years with a high interest rate, and the amount of exits via m&a or ipo have been down, we're seeing some good health a.i. companies that are making it to the public markets. liz: there is the bad and then there is the good. we just got to figure out how to separate it. dr. razmi, thank you very much

for joining us. appreciate it, the ninth annual a.i. summit is here this week, in new york city. business executives experts, entrepreneurs and investors are getting a closer look at the opportunities artificial intelligence presents. attendees also getting the chance to explore what the future could look like with a.i. implemented into our world and beyond. beyond we're talking about the moon and mars. gerri willis is live on the floor at the a.i. summit in new york. i hear you took a trip to the moon, gerri, what was that like? gerri: i did. i didn't go so far out of town to get to mars but i did get to the moon and drove nasa's lunar vehicle. listen. >> here we go, here we go. can we get out of this? >> you're going to get some air right there. >> does everything look black and white like that? >> there is some difference in color once you get there but we obviously don't have that resolution in this.

gerri: now before i got behind the wheel of the lunar vehicle, i actually got to test the actual tool the astronauts themselves use to plot their own route across the lunar surface. they do that because visibility is very difficult, very black and white as you can see it's super-bright and also because you don't want to fall into a crater. now, a.i., artificial intelligence, making all of the difference here and nasa telling us directly what we've been here that they plan to use a whole lot of it. listen. >> one of the biggest missions i'm working on right now is to see can we actually use a.i. on the moon? can we use a.i. on the lunar surface? can we use it on the martian surface and can it work with no internet? that's one of the biggest problems we're trying to solve and i'm excited about that because i think we're close. gerri: so nasa, of course a big

part of the space race. unfortunately, artemus won't make it to the surface of the moon until 2027 but you hear them talking act taking a.i. out into the moon, to mars so they have big plans ahead. back to you. liz: bring me back a moon rock, gerri. gerri: [laughter] i will, i will hang on there's one somewhere. liz: thank you so much we appreciate it, gerri willis. hbo parent warner brothers discovery we told you at the top of the show it's top of the nasdaq. well they are moving the furniture around in the house of the dragon, charlie gasparino has details on the media giant's restructuring and whether this big move in the stock to the upside can last. charlie breaks it, next.

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liz: breaking news. republican congressman french hill has just been named the next house financial services chair. he will replace the outgoing chair patrick mchenry. the arkansas representative will help the house collaborate with president-elect trump's administration on cryptocurrency and banking policies. the house republican conference is expected to ratify the steering committee's pick in

the coming days. all right so we've been talking about warner brothers discovery stock. it is soaring 15.5% right now, to $12.50, as the media giant announced today a restructuring plan that will collapse its business from three segments down to two. linear and cable, with a separate segment dedicated to its streaming and film unit. the split is expected to be finalized mid-2025. investors obviously love the move, but charlie they had their hearts broken before from this company. charlie: well this is a company that needs to sell itself, and one of the things i know about david zazlov is he excellent bat operator and the biden administration prevented a lot of consolidation and a the media companies should be combining and not forced to be an $8 stock and this is what it was a few

weeks ago. paramount should not have been forced to sell itself in a sort of crazy backdoor deal to david ellison with sky dance and a smaller company is paying out money and no antitrust violations or worries out of biden administration, which sees antitrust behind -- everywhere. they have to do this crazy deal and didn't monetize the asset very well. you can go down line so why is this a good thing for shareholders? parpoint should have been sold to disney and not sold for one player. liz: the regulators would have never allowed that. >> one second. then, this is where it gets interesting, zaslav knows that

it's not lina kahn running it anymore and the n-amide running it, there's more deals. he'll be able to sell stuff and that's why this thing is going up. he will sell stuff. liz: so, and listen, i worked with david zaslav at cnbc. we both know him very well. he's a great ball hans sheet guy. there's $40 billion still in debt on the balance sheet. >> well, he didn't put it this. remember, when -- liz: but, he's the boss and started the emergencier. >> he didn't spend the -- merger. >> he didn't spent the debt and got together and has a lot of debt and paid down a ton of debt. this is not like -- liz: $10 billion. >> there's no junk bond rating and paramount has a junk bond. he needs to sell this and he knows it. you can noted pay the bills the way media is right now breaking

in up is basically where he's going and same with the rest of the media. i mean, comcast broke up. why? liz: well, again, they were smart move. they took most of their cable chains because they're not -- channels because they're not growth areas. >> they're going to sell them. liz: they're splitting them off and going to sell them. >> i don't know who's going to buy them liz: why not barner bros sis covid reigns leading breakoff and get on the cable channels? >> that's a better question for him because i'm not a ceo of a media company, but my guess is he sees the break of value this way as opposed to other ways. comcast is a different company and has cable lines and they don't have pipes in this company. i mean, it's just something an

operator needs to -- i have no idea. but, i do know he wants to sell. liz: going back to 2021 and hit high of march of 2021, $77. not in march of 2021. liz: they've been rumored. >> at&t. liz: since the merger alone. >> at&t and we're no longer in lockdown and people aren't watching tv as much. our rate haves taken a hit as well. liz: netflix is hitting record highs. >> i don't understand your -- i mean we could go round and round here. liz: yeah, we could. but just feels like people tend to cut or break overand over and say well, the strike.

well, the strike hurt lot of people but disney was coming back. >> well, disney hasn't moved in ten years. maybe lower. liz: it's a tough business. >> yeah, i don't know. he did a deal. the deal had lots of debt and paid double figures $10 billion, which is a lot. liz: charlie, thank you. etfgi, it's been a record year for exchange traded funds and industry surpassed $1 trillion of total inflows for the first time. fast e growing new fund is i share fund, ibit, attracting more than $34 billion just since the launch in january. count down closer said etf picks he's found real gems he wants to share with you.

joining me with $4.2 billion in asset management and main street capital and david. >> jewaun, we think the core is a megacap stock and few etfs that can get us there, qqq, nasdaq 100 and spyg and spmo and they hold a large cap stock and etf holding all seven of magnificent seven and a opportunity in mid caps. there was a re-supporter generals and people looking to broaden portfolio. we are too. small caps trading at a discount and megacap stocks and what happens in a small cap space, if it's successful, grows into the mid cap and if not stays small

cap and 42% of companies and russell 2000 is profitable and liz: fascinating to look at picks and say mouth mutual funds are taking a backseat >> dow jones industrials down 226 in the rest of the majors and who knows what tomorrow will bring. we'll be here. larry: hello, folks. welcome to kudlow. i'm larry kudlow. unleashed on the floor of new york stock exchange and li