reinvesting them into our capital marks. what that means in plain gish ie debt that will be squeezing them, foreigners have 57 trillion gross, $22 trillion net in dollar-denominated assets including $8.5 trillion in, treasuries. charles: right. >> and and so if the dollar goes up due to doge, foreigners are going to sell u.s. stocks, and they are going to sell treasury bonds aggressively, and you're going to get more days like you see today; dollar up, stocks down big and bond yields up. charles: right. >> and until something reallying or really breaks, so they need to foul an order of operations -- follow an order of operations, devalue first, then do some doge type stuff. charles: luke, you're one of the best. happy new year, my friend, and happy new year to liz claman. liz: oh, to you too, charles. so glad that we are back in action and bringing some news when it's market or breaking news to our viewers, and we do

begin with breaking news of after an emergency postponement in the wake of yesterday's terrorist attack in new orleans, we are one hour away from the start of the sugar bowl. you're looking at a live shot of the caesars superdome where the kickoff, originally scheduled for last night, will take place at 4 p.m. eastern between georgia and notre dame. the fbi has now released a whole host of new information about yesterday's attacker who died in a shootout with police after he killed 14 new year's revelers. they now believe they know who planted two explosion if we've devices at the scene, and there is also fresh news about the cyber truck explosion yesterday outside trump las vegas hotel. that also considered a terrorist attack. coming up, we've got team coverage of this fast develop canning story. but now let's get to the markets on this first trading day of 2025. we've got 59 minutes left to trade, and the bears have the advantage at the moment. dow jones industrials losing about 250 points. interesting because it had been

up 360, reversed just after noon and now as you see more deeply in the red. the s&p down 33, the nasdaq losing 117. russell 2000 down 7. let's get to the problem children causing the havoc in the markets here. tesla is the worst performer on both the s&p and the nasdaq 100 at this hour. the ev maker's shares shriveling by about a 6.7% after posting the first year-over-year sales decline. fourth quarter deliveries of tesla vehicles came in at 470,570. that was actually up year-over-year, but it missed both wall street's 9057,000 -- 507,000 estimate. apple is the worst performer on the dow jones industrials, down 3.33%, followed by nike, boeing, sherwin williams, salesforce and microsoft. nvidia and chevron are the two leaders on this -- the dow jones

industrials right now. let's dig deeper into this apple story. ubs is lowering estimates for iphone sales which account for more than half of the tech giant's revenue if. apple just unveiled new discounts on several iphone mold to jump-start weak china purchases x that's got ubs analysts declaring, quote, winter is here for apple, the world's largest company. we got no bitcoin winter in sight, that's for sure. last year's best performing asset continues it march northward, gaining 3% right now. and that brings the price to $97,401 per coin, ab $11,000 short of the all-time high. is this the year central banks and big financials decide they need to buy up bitcoin too, and what will that mean to a company like mara holdings? the bitcoin miner ceo fred teel has also resorted not just the mining bitcoin, but to buying bitcoin as fast as he can.

he's here in a fox business exclusive about what deep-pocketed banks and governments might do to the price if they kind of dive in and start scraping up what's out there, certainly. we'll watch that. overall, where are investors' heads at if we kick off 2025 the? where's your head at? are you all in on stocks? after two consecutive gains two years in a row of more than 25% or for for the s&p, is it time to play defense or set your dial to something more like rational exuberance? if joining me now, new york stock exchange trader peter tuchman and pro shares global investment strategist simeon hyman. simeon, you're going with rational exuberance. what does that look like, and why aren't you joining the defensive line? >> we're going with rational exuberance for one very important reason, there's a lot less debt on the balance sheets of the s&p 500 than there was 20 the years ago. about a quarter of the level of debt. but what that means is not just a little bit less risk.

people look at things like return on earnings, and they say they're kind of where they usually are and, therefore, they can't support these higher valuations. but if you achieving those return on earnings with one quarter of the debt, that means the underlying return on assets are four times as big as they were 20 years -- liz: so what's your allocation this year to stocks? >> you've got to be overweight u.s. equities. and that has to be funded from fixed income because you have three problems, the inflation problem on the long end because now powell said we're not getting to 2%. so i think you'll see some drift up of interest rates. you still going to get a couple of cuts, and then critically important, credit spreads if on corporate bonds are so tight that in the high-yield bond market if we had zero defaults, you'd still do worse than an average market of -- liz: well, peter tuchman, let's bring you into the conversation from the floor there. what is the sense you get from traders here?

granted, or it's one day of a selloff at the beginning of the year. i hate these alchemists who say, well, if the first day of the new year is down, that means the rest of the year's going to be x, y orz. where are you seeing funds and money moving right now? >> yeah. of you know, hi, liz, so good to see you. happy new year. liz: happy new year. >> it's hard for me to get a judgment right now,s it is the first day of the year. but i really want to bring up that point, because we spoke a couple of days ago about the fact that the last time we had double-digit growth request like this was in '97, and it was followed up by recession, depression and three years of a really bad market. and the point that i love to bring up many a post-covid world, i don't think that there's any way for us to make these grand gross -- grandiose, excuse me, analysis about markets based on historical data. everything -- there are new rules, right? if. liz: wait, so you're saying, peter, because we have the chart

on the screen from about 1995 which would encompass '97 and '98, the last time that we saw two back to to back double-digit gains for the s&p 500. and if then you see the falloff when 2000 hit expect dot.com bubble burst, and -- and the dot.com bubble burst and it was a disastrous picture. you're saying that will not happen this time. >> it doesn't feel like it's going to cam. -- to happen. the strength of this rally that we've seen over the last two years is completely different. look, if there was an overriding sense that the whole a.i. thing and that tech was a major bubble, well, then perhaps. i mean, that's the only analogy i can see there. but i think that the broad-based rally that we see, let's think about 2024. we hit record highs 58 times in 2024 across all indices. it was not a very isolated rally, fors a broad- it was a broad-braced rally. nasdaq hit 20,000. that was the day that google, amazon, netflix, apple and meta

all hit record highs, on that same day. so there's -- i know it feels a little tech-heavy on the rally, but i think it's it's way more broad based than what people willing to acknowledge. liz: simeon, it feels a lot tech-heavy because a huge percentage of those gains for the s&p or were concentrate thed in those seven name ifs. where do you put the money that your clients have ready to spend in the markets? if right back in those magnificent seven names or at least some of them? >> that '97 reference is important because that was halfway through, right? we made it from '95-ish to 2000. and historically, that's very i didn't can. we may be only sort of halfway through, and i mentioned equities over fixed income, but for people who need income, you can get income from the equity side of your portfolio, we do it in ispy, our proshares s&p 500 value income if etf. it had a 9.5% distribution and still kept up with the s&p over 20. of.

liz: these are s&p names that give good yields. >> actually, a little bit different than that because if you're just look for high-yield stocks like utilities, you might as well have a bond. what we're talking about here is using the option market, particularly the daily option market, to drive more income from owning the full s&p 500. liz: and that's ispy if. >> that a's ispire,. liz: i-s of p-y. peter, we're sitting here talking about some of the magnificent seven and what a lift they gave to the s&p. nvidia is the leader here on the dow jones industrials. granted, again, it's one day. we don't put that much stock into a one-day move. but what do you see for a company like ebb vid ya which ia meaningful leadership position at the moment when it comes to a.i. and computational software, you know, drivers? >> you know, look, the stock is extraordinary. let's just look at nvidia in an isolated fashion. in february 2023, the stock was trading at $108. february 2024 it was trading at

$934. we had seven small pullbacks over 2024. each one of them we saw in april of '24 nvidia went from 935 to 735. that was the buying opportunity of a lifetime because by the time we got to may and june, the earnings came out, nvidia blew it out of to water, it went up to -- it went to $1200, announced a 10 for 1 split and a $50 billion buyback. evened today nvidia still seems to forge forward. i think we're, look, you know dan ives, one of the masters in the tech sector, talks about we're in the second inning of an industrial revolution that is going to be going on for the next 5-10 years. it is going to be extraordinary. there's secondary and tertiary sort of disciples of nvidia that are going to benefit from all that's happening in, you know? this is not one-sided. nvidia is best of breed. obviously, yen seven is the top of the line there -- jensen.

the stock is extraordinary, the way the stock acts. every time we've seen it pall pull back at all is when the baby's been thrown out with the bath water or in a couple of isolated situations like recently with the story about china and the monopoly thing. but each time nvidia has had that kind of a pullback, it's been rebuffed by an even stronger rally. the sock is extraordinary. i don't think i've seen a stock like that, you know, in decades. liz: you know, i'll tell you what's extraordinary, my friend, you on new year's eve with the glasses. [laughter] you were everywhere. did you see simeon -- >> i saw it. liz: he is, folks, for those who don't know, the most photographed trader on the floor of the new york stock exchange. he's known -- >> i was -- liz: how many years you been down there, peter? >> 40. liz: wow. >> i got here when i was 11. [laughter] if. liz: good to have you. great to have you both.

peter, simeon -- >> always a pleasure, thank you. >> thank you. happy new year. liz: we'll see you many times this year, both. coming up, we do have live reports for you on the new year's terrorist attacks that shocked the united states. there are fresh developments in the case of the army set iran 40 who crashed a pickup truck into a new orleans crowd killing 14 revelers. and in the case of the tesla cyber truck that exploded after being driven by a military vet to the doorses of president- elect donald trump's las vegas hotel. all that breaking news is next. dow jones industrials lower by about 162 points. much more ahead. ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works.

(♪) (♪) 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 lock in let's go. rated e for everyone. [rock and roll music playing]

xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards. liz: fox business alert,

authorities say more than 1,000 law enforcement officers have helped dig up new information at this hour on the new year's day terror attack in new orleans where a truck plowed through crowds on bourbon street killing 14 people and injuring 35 others. fbi counterterrorism officials now believe the driver, shamsud-din jabbar, acted alone in carrying out the attack and that he was inspired by isis. the official saying it was a terrorist attack, for sure. now, authorities say it was jabbar only who actually planted improif viseddics employees i devices -- explosive devices found in the area. let's go live to fox news' garrett tenney in new orleans with the very latest. garrett. >> reporter: yeah, liz, we are here on bourbon street which is back open to the public now nearly 36 hours after that truck came speeding down this road plowing through crowds of folks that were out celebrating new year. and today we learned a lot of new information about that attack and the suspect.

you mentioned his name, the 42-year-old, shamsud-din jabbar, one of the things we've learned is what he was doing in the hours leading up to his rampage. during that the time the fbi says surveillance video shows him placing too coolers at two different intersections here in the french quarter. he was also mosting videos on facebook, five videos, where he said hed isis before this past summer and that originally he planned to hurt his family and friends but, ultimately, decided not to do that because he was concerned the news headlines from doing that would not focus on the, quote, war between the believers and the december believers. another big update we got is that investigators now believe jabbar acted alone, a big departure from what they were thinking yesterday, and here's how they explained that change. >> he just heard this squeal and, like, the rev of the engine and then this huge, loud impact and then the people screaming.

and debris, just metal, the sound of crunching metal and ew up with a bunch of family from indiana asking if we were okay. looked outside our front door, we saw caution tape and dead eye silence, and it's t eerie. >> unbelievable. >> unbelievable. terrible first day of the year. >> like, just the traumatic parts of it, the human nature and what anyone's capable of, like, the bodies, mangled, strewn, like, several unrecognizable. unrecognizable. >> reporter: that, of course, was some of the sound that we are continuing to hear from folks that survived that attack. what the fbi said for why it is they now believe he acted alone was that after reviewing hundreds of interviews that they had conducted, going through the digital footprint of the suspect, they now believe that there's nothing the indicate

including in the call records from three cell phones they recovered that he was in touch with anyone leading up to this attack, regarding this attack, and that that is why they believe he acted alone. there were 400 police officers in the french quarter on new year's eve. of this video you're seeing from earth cam shows the moments when this group of officers got the call that a driver was plowing down this road and them rush over to the scene. today the governor says there are more than a thousand police officers in the city for this afternoon's sugar bowl game and to make sure the tens of thousands of folks who are here for the game both feel and are safe for that event. liz in. liz: oh, let's hope so. garrett, thank you very much. we need to go to las vegas where authorities have now identified the driver of a tesla cyber truck that exploded outside the trump international hotel in las vegas just a few hours after the new orleans attack. the military say they are waiting for dna confirmation, but right now officials say the driver, army master sergeant

matthew allan littlesberger, suffered a shelf inflicted gunshot wound to the head before the explosion. aishah hasnie is on capitol hill where the two terror attacks have triggered major questions from congress about the terrorist violence that's rattled americans. aishah. >> reporter: that's right. good afternoon to you, liz. lawmakers, who were on this private call with the fbi this morning to get a private briefing on the new orleans attack tell me that the fbi has told them that these two incidents -- the las vegas and new orleans incidents -- are not connected. but some these raw makers are -- lawmakers are privately telling me they don't believe that. >> hard to believe there's not a relationship there. the fbi kind of said mixed things on the call. as of right now, they think jabbar had acted alone, but they are looking for possible co-conspirators. and i think the reality is the investigation just has to have time to take place.

>> reporter: so lawmakers are also frustrated about the fact that they learned today that the fbi did the not have any indication, anything about this suspect from new orleans. they missed it. the fbi told lawmakers they had zero intelligence on him before the attack. they were not tracking him at all. they believe that he was inspired by isis, not directed by the terrorist organization, just inspiredded by it. and also at the briefing today lawmakers were told that the fbi is now looking into a houston moss if,ing. they're trying to -- mosque. they're trying to question people at that mosque to find out more information about jabbar, the suspect that they really don't know a whole lot about at this hour. back to you, liz. liz: aishah, thank you very much. please, interrupt us if you get anything more from capitol hill on a very important story. let's shift gears here. of president-elect donald trump's political victory pushing bitcoin past the highly

anticipated $100,000 level late last year. bitcoin miner mara holdings has nearly 45,000 bitcoin on hair balance sheet. lucky them -- their balance sheet. as the world finally wakes up to buying bitcoin, we'll ask maria's ceo where the token is headed in -- mara rah's ceo where the token is headed in 2025. it's a fox business exclusive. stay with us. ♪

( ♪ ) i got injured, um, my back got injured very bad. i was off work for about a year. did physical therapy, did... you name it i did it. i heard about relief factor from my wife. she basically made me take it. relief factor is a daily supplement, developed by doctors, to help your body fight pain naturally. it doesn't just mask pain, it helps reduce or even eliminate it. i took it every day, three times a day, for three weeks. woke up, laying in bed, roll over and look at her and i said, "the pain is gone." and she said, i'm glad it helped. i said, "no, you don't understand. it's gone." see how relief factor can help you feel better every day. call or go online to try it for yourself and get our 3-week quickstart for just $19.95.

my wife making me take relief factor literally changed my life. it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes with godaddy. when we started feeding bogie the farmer's dog, he lost so much weight. pre-portioned packs makes it really easy to keep him lean and healthy.

in the morning, he flies up the stairs and hops up on my bed. in the past, he would not have been able to do any of those things.

liz: fox business alert. you know what? yip to currencies never if sing "auld lang syne". that's because they trade 24/7. [laughter] here we have at the very latest price, bitcoin is up about 3.25% to $97,605. bringing its gains since just midnight of january 1 to about 3.5%. and 2025 the is expected to be another banner year for the crypto industry due to a way more favorable regulatory environment under president-elect trump. let's get to somebody who has a front row seat to the price action. fred teel is the ceo of mara that that currently holds 44,89 if 3 bitcoin on the balance sheet. he joins me now in a fox business exclusive. fred, you've been banging the crypto drum for years and finally the world -- yeah, with a big assist from if donald trump -- has woken up. what does that mean for mara at least this year? >> i think if you look at any

move if upwards in the price of bitcoin directly affects the value of our company because with we hold over $4 billion of bitcoin on the balance sheet. so we'll continue to to mine bitcoin every month, and we'll add anywhere from 700-900 bitcoin a month just through mining in addition to our purchases. we purchased a lot of bitcoin last year as well the take advantage of price moves that we expected, and we think, we're very optimist inabout this year. we -- optimistic. most people would say bitcoin will end the year north of $150x , possibly 200k. depending on who you believe. liz: what do you believe? [laughter] >> you have a couple of things, right in if the strategic bitcoin reserve happens, lots of countries are be going to follow suit which all of a sudden means somebody has to acquire that bitcoin somewhere because the little amount that's mined every month is certainly not going to have, you know, give people what they need. so you're going to see price

increases there. the etf ifs, you know, continue to vacuum up bitcoin on a regular basis. they now have, you know, over a million bitcoin amongst them all, i think, which is huge, you know? you got, essentially, 5% of all bitcoin sitting in u.s. etfs, something that didn't exist a year ago. liz: tim draper -- yeah, one of the bitcoin acolytes for many years has been a supporter and he says something like 250,000 by the end of this year. maybe that is, that's a little bit hyperbolic, but i would ask you, you just talked about how others whether it's the ets or you've got to look at these central banks that a may start to snap if up bitcoin. we know what happened during the gold rush of, you know, '49 and everybody rushes in. the supply goes down. price goes up. and then suddenly there's nothing left. how do you avoid getting caught in any kind of maelstrom or

vortex? [laughter] >> you know, i think bitcoin, if you look at it over the past 13, 14 years, it's only been down 3 years out of the 14. and one of those years was just, you know, obviously during the covid when all markets were down. so over any period you can look at bitcoin, and it's gone up on average somewhere between 29 and ooh 50% a year easily. and so our recommendation, you know, my recommendation to my kids, for example, is put just a little bit away every month in bitcoin and forget about it and just watch. and over two, three, four years it grows, and that's what people do. you're starting to see morgan -- i think there was a news item on one of the news wires this morning that etrade was going to possibly start providing crypto trading services, and you already have fidelity doing that, and if vanguard and the other ones -- liz: robinhood finish. >> -- start opening this up,

that's a huge market p. then you start looking at insurance companies. there was a bank the other day that did a refinancing of a commercial loan where there was a strip of the loan that was dedicated to bitcoin to act as an incentive for the borrower to not refinance out the loan ahead of term and as protection for the lender. so there's some exciting stuff going on around the financial markets as bitcoin continues to penetrate the traditional markets, and that's before you look at sovereigns in europe and asia and other places, start adding it to their balance sheet. switzerland has a referendum on their ballots to vote on a strategic reserve as well. so i think you're going to start seeing it become more more prevalent. liz: how much credit do you give, because i give him a lot of credit, larry fink of blackrock? because when blackrock applied to have an etf for and the bitcoin trading, that really said a lot. i mean, this is the world's

largest asset manager, they have the ishares etf family, and suddenly that gave it some ballast to the ship. it felt like people said, oh, okay. if blackrock's okay with it, then we must must be okay with it. and larry wasn't always onboard with bitcoin. he came around to it. his opinion changed, and he really did feel that it is digital gold. he said that right on our show here on this set. so how much credit do you give the reputational value of larry fink going into this bitcoin etfie etf, ibit which now has more than $50 billion in assets? >> yeah. it's huge. the fact that somebody with larry's credibility comes out and endorses bitcoin and is willing to go toe to toe with gensler expect sec on it was huge. and then all the others followed. you had 14 if etfs went live at about the same time. liz same time.

>> and 7 or so of them -- 10 were the best lawn are. s ever. it's incredible. liz: yeah. i look at that and i said, people said -- vanek has a platinum reputation ooh too, a lot of these organizations. but larry jumps in, it's a big deal. president trump has announced he's putting together the first presidential crypto council. david sacks, venture capitalist, is part of it, obviously, bo hines is going to work on policy matters. have you been asked to join or at least be part of the kitchen cab met of this council. >> i'm not going to to comment on that for lots of reasons. but i think what you will find is the industry is going to be very involved in advising the trump administration and david specifically on things that are both quick wins that the administration can do quickly and other things that are more longer term policies that will be directly focused on not just how crypto is regulated by

markets, but how it's taxed, also how, the impact of crypto on balancing energy grids expect synergies between crypto and a. i. and how the two of them together can do a much better job of operating energy grids. i think you're going to see a lot of very positive things come out in the first couple of weeks from the administration. liz: well, we always do what news reporters and anchors are supposed to do and that is ask about sort of the possibilities, the perhaps headwinds that are out there. [laughter] let's just say the yp morgans of the world -- jpmorgans, jamie dimon is famously anti-crypto. let's say those guys start snapping up bitcoin. you yourself have been purchasing not just mining. it's probably cheaper to purchase bitcoin on the open market than it is to mine it in some cases. what then happens? i mean, do you see any headwind from if that kind of movement? >> no. i think, if anything, it's a tailwind, you know? if jpmorgan were to come out and say, hey, we're going to go buy

bitcoin in the open market and recommend that our clients on the wealth advisory side have a 2% allocation, that would be a huge endorsement and would just continue to drive the price higher. this is a market that mousse on positive news. -- moves on positive news. bitcoin doesn't generate yield, it generates value appreciation. it's very much like gold in that regard. and, you know, obviously, powell even said he doesn't view bitcoin as a threat to the dollar, he views it as a threat to gold, if anything. and i think you're going to find people viewing bitcoin as something you're going to want to own a because when banks can hend against bitcoin -- lend against bitcoin as a normal asset and you take away some of the crazy things that the sec put in place, all of a sudden you're going to the find lots of liquidity for people who hold bitcoin. and so now that generates for -- more of an ability to invest which i think is going to drive the market even higher. liz: fred, happy new year. we appreciate you coming on.

>> thank you. happy new year to you too. liz: we've got this fox business alert. we've got to tell you about individual stock moves. shares of top golf callaway brands hitting a hole in one, sailing higher by nearly 13% after jeffreys called it oversold and turned bullish on the golf equipment maker. the firm upgrading it from a buy to a hold and raising its price target to $13 per share from is 11. jeffreys' analysis shows top golf is trading at a discount to its rival. they got the good ticker symbol, golf, despite the fact that top golf has faster growth. jeffreys says, buy in. goldman sachs adding uber and norwegian cruise line to its u.s. conviction list today, uber is well positioned to meet its long-term growth and profitability targets and uber popping on that news by 4.5%. and as few nor gee -- norwegian,

goldman seated they're experiencing significant cost-saving opportunities stemming from a 2023 management shuffle. does management shuffle mean management layoff? how else would you get a cost savings? the stock of norwegian getting less of a bump, up about half a percent. keith gill, aka roaring kitty, the man behind the gamestop meme frenzy, is at it again only this time the kitty cult is snapping up a new stock. shares of video game software maker unity software are searching by 6.5 after gill took to x to post a song named unity by the late musician rick james. that's all it took for the wall street bets crew to hammer the buy button on unity. as you see, we do have unity moving higher, but shares still have a way to lime back to their 52-week high of $40. shares of synaptics are gaining

after they announced an artificial intelligence partnership with alphabet's google. integrating machine learning, google's ma clean -- machine learning core with open source software and tools. alphabet i, let's call it flat to just a fraction lower. and speaking of a.i. collaborations, the cofounder of famedded sports gear company reebok is back in the footwear race pairing up with a firm that's using a.i. design and 3-d printing to create a shoe customized to your unique foot. your weird around of. s, your strange second toe. will this stomp out the like of nike and adidas? find out next. ♪ ♪ them baggy sweat pants and the reeboks with the straps -- ♪ st h new tums+ upset stomach & nausea support,

and love food back. (♪) hey, take a moment. do you know who we are? we are the kids you champion every day. we are the ones who dream big. and because of you, our dreams become a reality. these are more than just words. this is what we're all about. this is shriners children's™. because for more than 100 years now, shriners children's™ has been on a mission to provide the most amazing care anywhere. and guess what? it's working with more than 100 access points to care shriners children's™ able to reach more kids in even more places all around the world.

when we need them the most their amazing doctors and nurses are treating kids in the u.s., canada, mexico, and latin america. and they're helping kids from more than 100 other countries too. and the best part? they're doing all of this regardless of a family's ability to pay. and someone else helps make it all possible. you. tú. you. tú. you too. it's true. you're pretty awesome. when you go online to loveshriners.org or call this special number with your monthly gift, you'll make a difference too. your donation large or small helps shriners children's™ do new research creates life-changing treatments, and provide burn care to kids around the world. every day, people like you give families like ours the hope and healing we need. and when you give your monthly gift of $19 or more. we'll send you your very own love to the rescue® blanket. it's a warm reminder of the incredible things you're making possible,

and that you're a part of something special. because no matter where we come from or what language we speak, every kid deserves the most amazing care anywhere. so how can you help? take a moment. call or go online to loveshriners.org right away and start filling our world with more hope, healing and possibilities.

liz: fox business with alert, the future of footwear is here.

nike has revealed a new slip-on shoe called the clog posit. st kind of a futuristic take on the mule or, i don't know, doesn't look like a mule but sort of a slide meets something -- [laughter] and will be available for purchase spring for $140. but a new start-up is actually beating nike to the punch, officially launching the first ever commercial shoe designed by a.i. available for preorder starting today using antiimage if generator mid if journey. the company created a sketch inspired by spaceships to be 3-d printed by another company in germany. the concept grabbed the attention of the man behind one of the most iconic shoe brands in history, reebok's joe foster, who said, i'm in, i'm backing this one. joining me now first on fox business is the aforementioned joe foster and sunt late founder and ceo -- scintillate founder

ben weiss. happy new year. well, heck, we got a pair of these things on the set. [laughter] why don't we take a shot of them? they're white. they look like they're kind of a croc meets a slide, but there's something more to this because they are 3-d printed, they're made in america, and there's the the a.i. component to it. ben, let me start with you, tell us how it came about and high -- why you wanted to launch a shoe using a.i. >> well, there's an incredible opportunity to build something that takes a lot of these amazing technologies we're seeing in the software space, we've seen the advancements with chatgpt, openae, etc., but we're not seeing it from a hardware standpoint. we want the see what can you benefit from in the real world that's physical. and what we set about to do was create something that, you know, really brings the future to the practical reality we live in, and we generate all these patterns here with a.i., the shape as well. it's inspired by9 yachts and spaceships,es and way we did that was through a.i.

generation, and it's scanned to fit you. there's no sizes, it's just scanned to fit you i have yahoo. so we rye to bring the future to the current present, and that's exactly what we're doing here. liz: joe, you are out in bangkok, thailand, where it's pretty much the middle of the night. how did syntilay come to your attention? did it fall into your lap, and ma -- what made you look at in this shoe and say, you know what? with all of my experience, i want to back this country. >> well, you know, everything moves on. and ben with reached out to us. we thought, whatever ben does is going to be very interesting because the guy is so energetic. he's got so much -- his ideas are great. so when he reached out, we said, yeah, why not? and, you know, things move on. you think about it, you know, a.i., it's here. and the guy is so much into in

that we couldn't resist. we had to say yes. come on. we'll come along with you. so that's why we're here. and is it's such an interesting time. just to move into the new technology. going back to reebok and, yes, the old, traditional technologies, but this is something different, and i love that. liz: well, i remember -- listen, i don't want to tell you, joe, how many' -- reebok punk high classes i had and how many step classes in the '90s i took wearing those things. what is it about the look? because i'm holding this thing up, and my floor director said sasquatch is on the floor, he wants his shoe back. this thing is gigantic. tell me what it is about the style, joe, that you think would be snapped up by the greater audience of shoe buyers in this country and the world? >> well, we don't have -- sneakers have -- we started off

being a performance product, and reebok's still a performance product. sneakers -- but you can see they're turning towards clog are, sliders. there's always movement in this market. so, okay, let's see what 3-d can do, a new design. it's great. you just look at that, it's like, wow, this hooks like it can go places. so i think -- and you look at the market, this is a place in it. and it's got nice, clean design, something new, something attractive. so, yes, why not? that's what we've got. liz: ben, give me a sense of, a quick description of how it works. i take my phone and what do i take a picture of with my foot? how many angles in i don't want to show people my toes, they're a little strange. [laughter] i always have trouble fitting shoes. but how would work? can you just walk us through it? if.

>> yeah. so so t actually a pretty simple process. it's done via your phone camera, so when you go to check out on our factory site, it's just a couple steps. instead of selecting a size, you create a profile, and then you're going to be uploading your feet to that profile. so it has you save there, and it's easy for you to go and print. the scanning's cone very simply. our initial scans were using a paper reference, a typical sheet of taper -- of paper. but people are struggling to have the right fit, and we wanted to bring out a product that can solve this issue. and we think with a.i., coupled with that, it's something you've never seen before in terms hover of how this look. so those together with the perfect fit and having the design, it's something different here. liz: joe, really quickly, what one mistake did you and your brother, with whom you cofounded reebok, did you make in the early years did you tell ben,

don't make this mistake, and you'll do a lot better? [laughter] >> i think it's to understand that you've got to have discipline and keep going. that's the main thing. no matter what people say. and if things go wrong, don't worry. they're opportunities. those are great opportunities. we have to change our name, we had to change our silhouette. you look at this and people say, oh, don't -- wow. this is an opportunity. it really is an opportunity. and so it is, just keep going, ben. [laughter] we've got to be successful. if. liz: great to have you both. good luck. ben, keep us posted on how many preorders you get. ben and joe, wonderful to have you. when we come back, you've heard of out with the old and in with the new? our countdown closer says when it comes to stock picking in 2025, it's out with the old and in with the old. with what does that name? -- what does that mean? if he'll tell you next.

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. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. 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.

lock in let's go. rated e for everyone. [rock and roll music playing] xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards.

kicks off next week in las vegas, and i as always will be there at the world's largest consumer tech show. along with a whole host of top shelf names including nvidia ceo jenson wong. he's set to give the opening keynote monday night. according to reports, nvidia is likely to introduce ai chips for

pcs at the show. at that keynote event and the stock gained 182% over the past year and making it the count down closers 2025 pick. joining us is key advisers cofounder and it's out with the old and in with the old. so-called old was this incredible run for nvidia and you say pile in again. >> it was up to a 9% possession in this name because one of the main reasons is this was the most important stock in the market due to the waiting in the indexes and if you think the market will go up, which we are coming into the start of this year bullish, we don't think it's going to get there without nvidia hitting new highs. it's been a tough market and very narrow and staying with strength and it's another great

example it's been a good name and strong keeps getting stronger. liz: gain of 3% at this hour and anything concern you? listen, we talked to jenson wong and his most recent earnings report and he was here to say once he gets supply versus demand, they try to churn them out as fast as possible. when you have a company like meta ordering 400,000 of these things, obviously that is going to be a huge huge float to their revenue stream. you look at meta and had an incredible year. why are you sticking with the same winners? >> it's a big reversal post election and a lot of small businesses do a lot of advertising on the meta platform and i think that's going to be a

tail wind for the name and another good story for the stock continuing to go up today and other names are weak so meta and nvidia are big portion of our portfolio we have right now. look, we do think there'll be some head winds sometime in this year if the 10-year yields starts going up to 5% and the dollar continued strength and there's dark clouds we're keeping a close eye on but right now too late to choosers and we'll stay with the names. liz: do you see a head wind at all in the strong dollar at a two year high today? >> the dollar and yields are concerning me the most and some point in time if they continue the strength, it'll be a major head wind and names like nvidia and meta take a hit like a broad market and i expect that. this is a year where investors are going to have to be nimble and snout just stay completely diversified across all asset classes and watch things ride

down. tough be very active in this market and concentrated inny my opinion in order to succeed. liz great to see you, eddie. happy new year. >> happy new year to you too. liz: here we go, closing bell on the first trading day of januar. we look at red on the screen and not too much and the dow clipped by about a third of a percent and no big thing and s&p down a third and it's bitcoin once again roaring 2.8% standing at # 7,000 with 289. trading to be back and so glad you're watching. larry: hello, folks. welcome to kudlow. i'm larr