that we're going to have any significant correction. i do think in the first quarter, we could get a correction within the markets, markets are extremely over bought. we are seeing an uptick a little bit in interest rates, so if we do get that correction, i think that's another opportunity for investors to come back into the market. charles: you know what i like mary ann is you're talking not just next year but follow-on years but that underscores the fact yeah, pullbacks are coming, right? corrections are part of investing, but you have to be in it. by the way i want to share the names with the audience that you like. i know you have salesforce, amazon, and reedited. three names we can keep up there. thank you very much. we'll see you again very very soon, folks. something of a lazy day, but there's still some excitement and always this last hour the best, right, liz? liz: do you think it's fear of the fed? i mean the fed two-day meeting, last one of the year charles kicks off. charles: i think it's the q&a

session. everyone is okay with the 25 basis points but that q&a will be powerful. liz: yes, and that'll all come down during your hours and my hour tomorrow so we'll see you then, thank you very much charles. folks, the dow is down right now, close to session lows, losing about 359 points and if it closes down the session, in the red, even by just one point, that will mark the blue chips longest losing streak nine straight sessions since all the way back down in 1974. we'll get more in just a minute but first we have this breaking news. fox business has just learned another high profile silicon valley company is about to make a major donation to the trump inaugural fund. sources are telling the "clayman countdown" that online trading platform robinhood will commit $2 million to the fund, which helps pay for events surrounding the present's january 20 inauguration. robinhood's donation comes on the heels of donations made to the trump inaugural fund in recent days by big tech companies like amazon, meta, and

open a.i. sam altmann, each of them giving $1 million apiece. and there could be a crypto connection to robinhood's expected move during the presidential campaign, trump showed strong support for the crypto industry. since election day, november 5, bitcoin has soared from $68,000 to 106, 569 right now and shares of robinhood, which has a thriving crypto trading business, have jumped more than 70% since the election. we are waiting for confirmation from robinhood on this story, but coming up robinhood ceo has agreed to join us live to talk about this potential donation and the massive increase in crypto trading on the platform. so, we're going to get the scoop from vlad tenev, it's a fox business exclusive. let's get back to the markets all red on the screen, s&p down 33, nasdaq down 85, russel down 27, but as the dow faces that longest losing streak in more

than 50 years, you can point to one stock in particular that's been a major drag on the index over the past nine sessions. united health group has created something like 21% since december 4. the day its insurance ceo brian thompson was murdered in midtown manhattan. 26-year-old university of pennsylvania graduate luigi mangione allegedly shot and killed the 50-year-old father of two. police say evidence shows he was driven by anger over denial of coverage by huge health insurers. coming up we've got a live report on how president-elect trump is now entering the fray, vowing to eliminate pharmacy benefit managers, the so-called prescription drug middlemen over accusations they are squeezing main street while benefiting the insurers. you know what? we need to show you tesla, the ev maker continuing its moon shot hitting another record high, jumping nearly 3% to 476 and change after mizuho bumped the stock from neutral to

outperform and slapped a $515 price target on it. tesla has made just an incredible 90% gain year-to-date but what should investors think when analysts are telling them to buy not just tesla but a flurry of high fliers just as they and quite frankly the broader market brush up against all-time record highs? let's get to the floor show maybe they know joining me now, t 3 trading chief strategist scott redler and northwestern mutual cio brent shuty. let's go through a few of the upgrades. we got truist today reiterating its buy on meta, calling meta a top pick in 2025. meta has jumped something like 75% year-to-date. morgan stanley initiating telehealth company hyms and hers, at an overweight, already gained 258% this year, but loop capital, kind of taking the different side here. it's one of the few saying you know what? netflix has never looked better. it soared 88% this year. time to think about taking some

profits. they downgraded the streamer to a hold from a buy so brent, let me start with you. when analysts are upgrading stocks at or near records, what does that tell you? >> i think there's a lot of exuberance in the market especially towards the names that have done well and there's a broad expectation they will continue to move higher. look i think if we're talking about markets positive in 2025, we're talking about a market that broadens out from a few names that have driven us higher especially over the past few days. you mentioned the dow being down the most since 1974 on a day-to-day basis. there have been a few stocks held up the market this year. i think as you look at the 2025, i think it's the names that haven't done as well that probably do better that push us higher if we do finish higher, as we look into 2025, because i think the economy has to broaden out which would broaden out the market as it broadens out earnings growth. liz: we've been hearing a lot of smart people on the show saying that and yet, the big names, the mega caps continue to do

really well. scott, what does it tell you that people, it feels like are chasing performance right now, and when you chase performance, sometimes, you're a little late. >> yes just like you said. the upgrade on tesla today. where were they pre-election when it was below 300? now they are upgrading the stock and it's at what? 465, maybe even 475? i think what brent said is very important. we've had different times this year where different sectors have led the market. first it was the mag7 and the first quarter, second and third quarter was small caps when we were broadening out and the fourth quarter its been mega cap tech mag7 and the reason also is nobody wants to book profits in december. if you book profits on a profitable stock you have to pay taxes in january so we're in this important spot where investors want to thread the needle and maybe sell into some strength and mega cap tech and the mag7 and buy some of the under performers like the names beaten down, the dow is down nine sessions in a row.

maybe it's time to dip into those names that people are taking tax losses on that could outperform in january or february. liz: we put up the dow heat map here because what you start to see on some of these names and let's just call it nvidia too, brent. nvidia has been in correction starting yesterday meaning it's down 10% from its recent highs and falling again today. so what does that tell you as you look at the dow 30 here, nvidia is the third worst performer at the bottom so give me a sense of whether you agree with something like that or but well ghost in the machine. there it goes. nvidia right now is down about 1.6% to $129. so, go ahead, brent. what is hitting your core at the moment as a chief investment officer? >> staying diversified making sure you don't just chase the names that have won because this year it's a lot about a.i. and those mag7 as the other guest mentioned and if you believe in a.i. it has to broaden out more towards

the companies that use it from just the companies who are now actually putting it in place so i think it benefits more society and more companies who are actually using it to increase their productivity and i think you'll see that as you move into the next few years where it's not just those companies who are putting in the train tracks, but the companies who are actually using it to increase their productivity and their earnings, and that's where i think you'll want to continue to focus more on the future. those other names that haven't done as well this past year, in an economy that's very odd, with certainly strong points but weak points like housing, manufacturing, small companies, where they have been impacted by rate hikes and higher rates. i think the benefits accrue more towards the other side of the equation and the future. liz: yeah, i'll tell you, you look at broadcom, scott, broadcom recently past couple of days has just been on a moon shot. today it too is pulling back, but let's broaden this discussion to the overall s&p. brent talked about the future. the near future 2025. deutsche bank is calling for the s&p to hit 7,000 by the end of next year and you also have oppenheimer year-end

target 7,100. listen we love the bulls and certainly love when people's 401 (k) and portfolios are doing well but do you see any opportunity here to take some cash off the table or take some profits rather off the table? >> well utility depends on your timeframe and there's always opportunities to take some off and to extend and move and rotate into sectors that the could perform and create alpha so i think right into this zone into the end of the year you want to sell some of the strongest names in january and buy some of the dogs of the dow. i think nike was upgraded today it's down 25% on the year. liz: goldman upgraded nike. >> that's a decent buy and some of the oil names, occidental, some of the names in the xle, that have been underperforming, because they are the only sector down so you have to take some losses there, so you don't have to pay taxes so i think we're going to get this rotation in the next month or two, at this point, the winners are running and ride them out but don't get caught falling asleep behind the wheel because when

you do have a pull-in on just the tesla that might go above 500 that could be like nvidia is down 10% off the highs. if you brought nvidia wrong because you had fomo, right now like what do i do 10% off the highs when it's a better buying opportunity. liz: yes. >> than selling it down here. liz: do not buy at the highs folks, no matter what the analysts tell you. i mean, right, brent? when you talk about valuations, it's the small and mid-caps that are trading what around 12 times, 15 times forward 12 month earnings. expected to grow by only 1.6% and then you look at say for example, tesla, where analysts are saying yes, overweight. it trades, its forward pe is 191 right now. >> yeah, no one cares about valuation right now. it's more of a story about what could possibly in the future that's been a lot of what happened in 2024. certainly there are names that are growing fast and that's attracted investor interest. you have some stocks trading at 60 times earnings that are actually mature companies, but that's where the earnings have been growing. look, valuation is not a

good timing tool. but it does kind of decide what happens in the intermediate to longer term which is where investors should be focused on that intermediate to longer term time horizon where valuation has a huge impact on what you actually get as an investor and i just don't want people falling for the stories out there and only concentrating in those parts of the market because historically, whatever the cycles leaders were, they often become the next cycles laggards and at some point we'll have a new economic cycle which i think is the impetus for that change in leadership. liz: yeah, yeah, i think that is a very calm and good moderate idea i like it scott, brent, thank you both very much. so folks, today is the first of the two-day federal reserve meeting. tomorrow, in this hour, jay powell, the chair of the federal reserve, will give his final news conference of the year, after announcing the rate decision. look it's widely expected that they will cut by 25 basis points but it's during that news conference where he very

well could signal a very hawkish pause, meaning you know what? the economy looks good. we're going to pause so what are we going to do for you? we've got post-game analysis with former fed vice chair of supervision, randy quarrels, jpmorgan asset management gabrielle santos, peter schiff, michael larone and much more right here 3:00 p.m. eastern, on the "clayman countdown." americans looking to unload their holiday calories may want to sign up at what jefferies is calling walmart of gym chainings. we'll tell you which company has investors pumped up. and no it's not walmart it's the gym he says is walmart-like and with bitcoin hitting new highs robinhood ceo vlad tenev is here in a fox business exclusive to tell us how many crypto investors are jumping on to his online exchange over the past month and we'll ask him about what sources tell the "clayman countdown" will be a $2 million

contribution by robinhood to the trump inaugural committee. it's a fox business exclusive. the "clayman countdown" is coming right back. dow just made a new low down 372. quwe're coming right back. (♪) 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 chase really knows how to put the hart in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started.

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liz: fox business alert a healthy dose of stock gains for pfizer. the pharma giant affirming 2024 guidance today and says it's working through several cost cutting programs which will lead to half a billion dollars in savings next year. look at the stock, up 4% at the moment, pfizer also says it expects 2025 revenue of 61-64 billion compared to estimates of 63.3 billion. planet fitness investors pumping

up some stock iron after jefferies named it the top leisure sector pick for 2025. okay, note to jefferies. it's not a holiday when you're at the gym. it's not leisure. it's work. it's work out, not leisure but the stock is not leisurely, it's up 2.25 a record of $101 and change and the brokerage called the largest and lowest priced u.s. gym operator the walmart of gym chains. jefferies also says health it trends and affordability will drive membership tailwinds good to know as team clayman is headed for a huge holiday team dinner in new york city after the show. planet fitness, wherever you work out, we'll be there at midnight. goldman sachs giving a winning edge to solar edge technologying double upgrading the stock from a sell to a buy and boosting its price target from $10 to $19. solar edge right now is at 14.60 gaining 18.5%. analysts say the market is over priced risk associated with

policies of the incoming trump administration. listen if you stretch out the stock clouds are still hanging over solar edge down about 83% year-to-date. amentum holdings at the bottom of the s&p 500 after the engineering and tech solutions company swung to a profit in its fiscal fourth quarter the contractor works closely with the u.s. government through its critical mission solutions and cyber and intelligence arms; however, the multi million dollar contracts could be impacted by the incoming department of government efficiency or doge which looks to machete government spending but it's getting down 10.75%. the clock though is still ticking on tiktok. first he was against it but now president-elect trump credits the wildly popular social media app with helping him win the youth vote. could the deal maker in chief keep tiktok from getting banned the day before his inauguration? we're going to get you a live

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liz: folks we are just getting this breaking news into the newsroom. the manhattan district attorney has just announced moments ago that luigi mangione has been indicted on the murder of 50-year-old united healthcare ceo brian thompson. the stock of the nations largest health insurer swirling the drain of the dow right now,

much of the sector getting slammed in the wake of president-elect donald trump's news conference yesterday. you can see united health group down about 3.6%. yesterday was when donald trump vowed to eliminate the role pharmacy benefit managers or pbm's have in the healthcare system right now. pbm's negotiate with drugmakers and pharmacies on behalf of insurers and they are supposed to pass on negotiated savings to customers. doesn't always work that way. the three largest are owned by united health group, cigna and cvs health. we sent fox business madison alworth to new york city to diagnose the healthcare company's complications. madison we've got this breaking news which is really sparked a national conversation about the power insurers have because they own the pharmacy benefit managers. people look at insurers owning pharmacy managers and it smells like a conflict of interest. reporter: it definitely does and

we're not only seeing president-elect speak out about this but we also have bills in both chambers addressing this problem because the reality is americans feel our healthcare is too expensive. president-elect donald trump says he's going to bring down the cost of those prescription drugs and he says the way to do it is by going after those managers, pharmacy benefit managers and as he likes to call them the middlemen he made that promise yesterday. take a listen to what the president-elect had to say. >> the horrible middleman that makes more money frankly than the drug companies and they don't do anything except they are a middleman. we're going to knock out the middleman. reporter: so, as you noted liz pbm's negotiate prescription prices between insurers, pharmacies and drugmakers and directly rein border patrols pharmacy for drugs included under their deals. critics have too much influence over cost and that they can prioritize drugs that are more expensive in order to make more money. they also are in charge of rebate programs which are supposed to make drugs cheaper if it's included on our insurer

but oftentimes we don't know how much those rebate are worth and some of that money goes back to the pbm's rather than back to the insurer and therefore you. i spoke to the pharmacist here and he tells us that trump is on to something. >> how is our healthcare system today? we spend number one in the world with trillion dollars where we were number 41. what is the difference between us and those countries? the big thing is we have a middleman that is responsible for driving these costs, that pocket themselves. reporter: it's independent. so, as you noted, liz, the three largest pbm's are owned by cvs, cigna and united healthcare. those three fell by 3% yesterday in the wake of trump's announcement and the stocks are on a similar path today. the reason why we highlight those is because they account for 59% of the market so of course we reached out to all three heard back from cvs, they told us, "any policy that limits

the use of pbm negotiating tools would leave american patients, taxpayers and businesses at the mercy of the prices drugmakers set." we welcome additional engagement with any federal or state officials interested in learning more about the value we deliver. but lawmakers are already taking notice and congress, senators josh holy and elizabeth warren introduced bipartisan legislation that would force health insurers to sell-off their pharmacies within three-years because it would prohibit any company from owning a pharmacy and insurance company at the same time. or owning a pharmacy benefit manager and a pharmacy at the same time. that conflict of interest. this bill is titled the patients before monopolies act and it also has support in the house with a similar bill, so we have both chambers looking at this and the president-elect looking as well as a result the stocks reacting, and at the end of the day, americans just want to see more affordable healthcare and this is the way

president-elect trump will go about doing that. liz: these insurers own the system soup-to-nuts and they own the pharmacies, and the middlemen, so who are they kidding? i mean, this is unbelievable and by the way, the biggest lobbyist group in washington, madison, as you know is not the oil industry, it's not tech. it's the health companies, and they are the ones who have given a lot of money to many of these congress people and senators, so let's see if there truly is a movement if they listen to what president trump just said and whether they start to realize maybe we better not take this money because there are very bad consequences for patients, customers, and of course the nation. thank you so much madison. by the way, that's an independent pharmacy, right? what is the owner saying, madison? he's a small business. reporter: so, yes. so the gentlemen you heard from, danny, he's the pharmacy benefit pharmacist andleases out the ss

his pharmacy. so all of the pharmacies in new york city have disappeared because you have the large players that come in and buy up the independent pharmacies because to compete against the pharmacy and a pbm is very difficult so for him you heard it. he is enthusiastic about the idea that this is going to be looked into and hopefully broken up because prices have continued to go up. he's charging his customers more but it doesn't mean more for him and his pharmacy. liz: when senators get together, a lot of sides are agreeing here thank you so much. folks we've got this breaking news. shares of fox corporation hitting fresh all-time highs at this hour. fox a is at the top of the s&p 500 after fox news finished november as the top news brandon youtube, with more than 400 million views last month. no doubt fueled by the presidential election. fox corporation shares up 4% at the moment. fox news digital marking its best month in four years.

fox corporation is the parent company of fox business and perhaps this shows that you don't count out legacy cable yet when legacy cable is able to figure out a way to benefit from the news streaming world so the stream, speaking of streaming at ceo's at mar-a-lago continuing today in palm beach with the new kids on the media block. president-elect trump reportedly holding court in palm beach with the top dog at streaming giant netflix, ted sarandos. yesterday trump met with the ceo of tiktok. tiktok's chinese owner bytedance fighting a law that requires it to sell its american app to a u.s. entity. congress passed the law earlier this year citing national security reasons. donald trump tried to ban the app in its first term but did an about-face on the 2024 campaign trail. he said yesterday that he has "a warm spot in my heart for tiktok." after the popular video app helped him win over young voters

ahead of his election day victory. grady trimble joins us now live from washington. grady? can the incoming president overturn the law which passed with a lot of bipartisan support in congress and what would that require? reporter: well we'll have to wait and see. it's important to note, liz this potential ban would go into effect the day before the inauguration, so technically, under the current president, president biden. lawmakers who support the law say there's only so much the president-elect could do to influence tiktok's fate. >> two things. one he could get bytedance to sell tiktok and he cohen courage that right now and then secondly, he could encourage a repeal of the law. reporter: yeah and that second option, repealing the law, of course would require congressional approval, and many republican and democratic lawmakers are standing by their support of the divest or ban law calling tiktok a national security threat, even though president-elect trump hinted he's open to trying to stop a

ban. >> we'll take a look at tiktok. i have a warm spot in my heart for tiktok because i won youth by 34 points and there are those that say that tiktok has something to do with that. reporter: the president-elect met with tiktok ceo on the same day the company filed an emergency appeal with the supreme court asking the court to temporarily pause the law that would require its chinese parent company bytedance to sell the app or face a ban in the united states. tiktok wants a decision from the supreme court by january 6. we'll see if that happens. the company continues to make the case all the way to the highest court in the land that the law violates the first amendment rights of its 170 million american users. where things stand right now, liz. tiktok's chinese parent company bytedance has just over a month to sell. they have indicated they have no intentions of doing that, so it's quite possible that on

january 19, 2025, one of the most popular apps in the united states goes dark. also, important to note, that is one-day before inauguration day, so interesting timing there. liz: sure is grady thank you very much. coming up a fox business exclusive with robinhood ceo vlad tenev and breaking news from vlad coming up.

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and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. liz: breaking news manhattan district attorney alvin bragg on your screen right now holding a press conference announcing that a new york grand jury has indicted luigi mangione on charges of murdering united healthcare ceo brian thompson. mangione is charged with one count of first degree murder, tetear ofism and two counts of second degree murder which would carry if convicted 15 years to life. obviously the stock has not been performing well since this horrific shooting two weeks

ago tomorrow where the 50-year-old father of two was gunned down by the 26-year-old university of pennsylvania graduate who according to police had a grudge against companies and right now, as we continue to keep our eye on this , it turns out according to his lawyer, that mangione will not fight extradition to new york. any further developments we will get them to you. and shifting gears we have this breaking news which we talked about at the top of the show. fox business has learned exclusively that robinhood will donate $2 million to president-elect donald trump's inaugural fund. the investment platform has now released a statement to fox business saying, "robinhood is pleased to welcome in a new era of american innovation and sensible regulation that promotes free markets, investor access, and consumer choice." we look forward to working with president trump and the incoming administration to drive positive change in the markets, be

an active voice for customers, and pursue our mission to democratize finance for all. the co-founder and ceo of robinhood vlad tenev joins me now una fox business exclusive. vlad, tell us when you began thinking about making this $2 million donation. what was the genesis of this? >> yeah, first of all thank you for having me. president trump's agenda to promote sensible regulation. i haven't been shy about expressing my disappointment and general sense that the current administration and the sec has been headed in the wrong direction, rampant regulation by enforcement, open warfare against the cryptocurrency industry in america, as well as taking a very anti-a.i. posture, and i think that that was bad, not just for robinhood but for customers,

the industry, and for america, and i think i'm proud to support the new initiatives towards more sensible regulation and again, making sure that the u.s. is where it should be at the forefront of innovation, in financial services, in artificial intelligence, in all emerging growth industries, so yeah, we're big believers of that at robinhood and of course me personally. liz: $2 million is more than the 1 million meta, the 1 million amazon and the 1 million sam altmann of open a.i. have donated. how did you arrive at that number? >> yeah. i would say when robinhood does something, i think the actual amount, the details of that probably a little bit more art than science, but we think that the u.s. should be a leader in financial industry, and we like

a lot of the things that the administration has already put in place. they've got a lot of smart people that are thinking about how to solve what are some in credibly difficult problems. there's progress that needs to be made to make the country more efficient, to streamline, bureaucracy, at things that i think are going to be imperative and we're happy to support that and also a lot is being put in place, a lot more will need to be done. liz: you have gone head-first into crypto trading on your platform but you've also done all kinds of things like retirement funds, and basic trading. its been pretty impressive to see the growth that you have seen. do you have the latest numbers from the latest last couple of weeks about crypto, because president trump has said he wants to be the crypto president. he of course put paul atkins

whose no stranger to crypto, he's a crypto advocate and lobbyist will be in charge of the securities and exchange commission. david sax, whose a big tech and vc guy understands crypto will serve as the new crypto czar. can you give me a sense of the increase? we're seeing on the screen you saw 500% jump in crypto trading month-over-month? >> yeah. crypto trading went up 500% month-over-month at robinhood from october-to-november. october was already a pretty strong month and i think it shows that regulatory clarity doesn't just matter to the company's operating in this space, which we do believe is going to be a huge sector for growth in the economy and in the u.s. but consumers respond to that too. i think its been my experience that consumers want sensible regulation. they want to know that the assets that they're investing in are safe.

they weren't getting that from this current administration and in fact it was more of let's ignore this industry and hope it goes away or send it overseas and i think that it should be embraced in the u.s. and the u.s. should be a leader like we are in a.i. in the cryptocurrency industry and i think customers are supporting that, and you see a ton of enthusiasm in the cryptocurrency markets, also in the equities markets. overall i think there's been a ton of enthusiasm among retail since the election in particular. liz: so vlad, enthusiasm absolutely and listen, we're a business network. we love watching the markets, every tick of the way, but we've seen enthusiasm and in big corrections, in bear markets certainly, and let's just quickly talk about the crypto world and the enthusiasm that we're seeing there. there's been a lot of froth. just today we saw that there is

a new token that has come out. it's called the pangu . it's basically, the native token of the pudgy penguins nft project and apparently this is a solana-based token and debuted at $2.3 billion market cap hit $90 million in trading volume in the first hour. i know you don't put those kinds of things up for trade but how do you judge what is legit and what might be a little bit of froth? >> well, what i'll tell you is that i think a lot of people tend to get distracted by these sorts of things and they talk about how crypto has all of these meme tokens but underlying this is a very very real thing. juxtapose how easy it is for someone to create a token and get access to liquidity and launch it to what's a global marketplace to how difficult it

is for a company to go public and raise capital from retail shareholders in this country. i mean, it used to be that you'd have companies like microsoft going company in the 80s at 100 million valuation and retail can benefit from that appreciation by having access to it. now, that's gotten increasingly difficult and i think what you're seeing with these tokens is the desire for retail customers to be part of something while its small and actually take advantage of that growth opportunity and grow along with it, and i think the ultimate anecdote is to make it a little bit easier for companies to go public and for retail shareholders to access companies while they're still at reasonable valuations which over the past few decades has really just been the domain of sophisticated high net worth individuals and institutional

investors, so i think beyond the veneer of all of the meme activity is a very serious thing that we should not ignore and we should learn from. liz: also, a very sincere thing that i know has always been at your forefront and that is democratizing investment for the rest of us. it's great to see you, vlad, and we'll look forward to hearing what the president responds about your $2 million donation on behalf of robinhood to the inaugural fund. thanks so much for joining us. >> always a pleasure, thanks for having me. liz: vlad tenev. coming up rubric ceo is next. wait until you see what his stock has done in the cybersecurity and ransomware world. meet the traveling trio.

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>> foreign adversaries like russia and shy that will continue to work to infiltrate our critical systems and infrastructures, and we must be prepared to use artificial intelligence to counter those threats. >> ai is really going to define who's leading in the next 100 years. do we want it to be china or want it to be the united states? liz: that was republican congresswoman brittany petterson, democrat of colorado

and laurel lee of florida and together at ai task force press conference on capitol hill together today. they are making growing threats from cyber attacks from china and russia. joining us in a fox business exclusive is cofounder chairman and ceo and rubert is a very unique cybersecurity that enabled customers to basically shrug off ransomware attacks and there's a very aggressive agenda here. they want to focus congressional oversight on ai activities for national security and supporting expanded ai training at department of defense, continued oversight of autonomous weapons policies and supporting cooperation on ai, et cetera. when it comes to cybersecurity attacks because those are the new battlefields, are they not?

>> thanks, liz, the danger is real and our adversaries are using ai to attack us in ways and the defender haves to use ai to ensure that we understand their attack, we have contained their attack, we ensure that our businesses are open, our cools are open and kids can go to school and important for the political instrategies structures and institutions to be open and operational. liz: not are tough and bad guys ceasing obanya entire system and company and arm of the government and shutting it down till you, the owner or the ceo pay the ransom. what can you do and how does ai figure into it that basically enables said companies or government arms to say, no worries, we're not paying you a dollar because we have rubrik

icebreakers. what is that 124 >> rubrik is a data security platform and help businesses and government recover themselves from cyber attack. rubrik unique platform and security cloud and allows our customer to bounce back from cyber attack no matter if it's ransomware or cyber or other kinds because it's very important for people to have the resilience and that's what we deliver. cyber resilience as a platform service. liz: when a company can't access its own system because of a security bug, how quickly can you start them back up? >> rubrik keeps it separate outside of the data system and

the cyber attack infects the system and lock it is down and restarting the application immediately. liz: okay, the company does not have to pay a ransom? >> they don't and have to get back into the business and don't have to worry about ransom wear threat. liz: russia and china ramping up all the attacks and these are state sponsored and north korea is involved as well and some european countries do it too. you've got to be with rubrik before it happens; correct? >> absolutely because you need resilience postured before the cyber attacks and ransom wear attacks happens to you. these attackers and state actors are very smart and they're figuring out noble ways of ai to understand the organization to get through cyber organization. liz: what would you tell this ai task force at congress about, yes, we need some oversight, but not too much because we need to use the same tools that the evil doers are using? >> absolutely. there's a balance in regulatory

oversight and ensuring our businesses are able to utilize ai tool to mark productivity but to defend themselves and every organization has to think about resilience as the strategy and cyber attacks are going to happen everywhere. liz: you founded about 10 years ago and show the stock for the viewers and you went public and stock up 125%. big moves and see more investors come in? >> absolutely and it's unique and cyber resilience is the number one topic in cybersecurity and we passed a billion in subscription era and continues to grow rapidly. liz: thank you for the good work you're doing in the u.s.. ceo of rubrik. good to see you. two minutes before the closing well rings and a look at nvidia and stock is slumping deeper into correction territory and down 11.25% from all time high

in close last month. good-bye a good ai buying opportunity and scott redler and more saying keep eye out for the deals and count down closer says there's a better way to play ai right now. bernstein, private wealth management senior investment strategist roosevelt boman. what's the better way? >> thank you, liz. so many investors have only been focused on semiconductors cloud computing and there's a lot of opportunity 24 power. if we think about the foundation of the large lank models and ai models and you need power to run and understand all the day touchdown pass draw conclusions from it. you need cooling and you have to preserve the information and hardware you have in order to use it. for us, there's plenty of opportunities outside of just the semiconductors and clouds. liz: you like the cooling sector and dell super micro computer and energy names and ai energy stocks so-to-speak. camico, constellation, duke.

what other sectors you like and today about everything is in the red. >> yeah, it's been a tough day from the stock market perspective. think longer term and thinking about where the opportunities are. we are anticipating slower growth in the u.s.. so that leads you even with some of the pressure we've seen recently to healthcare, to consumer staples where cob super wills have that in the last demand and not having a price request. liz: you're positive for 2025? >> we are. we think about the path of policy, needs to move low r to understand where we're going to be from a rate perspective. liz: good advice. roosevelt, thank you. tune in tomorrow diving into the fed meeting aftermath. lauren: hello, folks, welcome to kudlow, i'm larr