tv The Claman Countdown FOX Business January 3, 2025 3:00pm-4:00pm EST
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party first. >> especially when you have such thin margins. republicans have audacious agenda to bring back the economy and american power, they need to do it together. they need to show a unified front. you almost hakim. jeff reese be -- charles: i know. we also made it in there. katrina, the housing market, is it going to come back year in. >> i think the biggest problem right now, charles, is insurance and property taxes. charles: i heard you go off on citizens -- >> i did. you know what? enough is enough. they're taking advantage of people, charles. charles: they bought the bank i had my mortgage a at. i had 10 100 grand set up, it's a terrible bank. i'll call them out on national tv. ladies, i wish we had more time. [laughter] hold off on robots, give men a chance. thank you. liz claman -- liz: can we call out companies we're really annoyed at right now? charles: there's a lot more than
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annoyed. when they try to steal your house -- liz: state farm. anyway, moving on. [laughter] happy friday, everybody. breaking news, the antics in washington seem kind of a world away from wall street where the bulls are galloping toward the close, kicking up gold dust for investors long the market. inside the beltway, the house of represent tyes has just elected its next house speaker. not without drama though. after the first vote to reelect republican mike johnson, president-elect trump's pick as speaker of the house, seemingly failed, some backroom conversations with two republicans who did not support johnson, representative-elect ralph norman of south carolina and keith -- of,, those two skis giving hem the required majority vote of 218. house minority leader hakeem jeffries is introducing johnson has -- as speaker. as you see live on the floor of
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the capitol, 215 votes to johnson's 218. all right, so that tata has been settled. let's get to this rip-roaring rally on the dow jones industrials. you're looking at a point gain of 295. that puts the blue chips on pace to snap a 4-day losing streak. we have got big gains for the s&p and the nasdaq. both are on track to snap five days of losses. s&p's got 70 points on the board, but check out the nasdaq. 323 points. somebody shot off the glitter gun. yes, that's a thing, at least in my world. that said, let's get to what's working in this final hour of trade for the week. nvidia charging to the top of the dow jones industrials with a 4.25% gain, second today in a row the a.i. chip name has topped the blue chips. super my coe and arm both sailing to the top of the nasdaq 100. a.i. chip design leader arm, look at this move here, gaining 8% at the moment to $138 and change. and smci's having an awesome awe
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day, up 7.6%, while shares of the a.i. data center server manufacturer still something like 92 points off their one-year high, they've come a long way from november when the stock crashed to $17 in the wake of short seller focus and accounting issues. let's flip it over to apple. i know a lot of you guys hold this stock. can't seem to catch a break. not that that this drop of a third of a percent is that big, but yesterday apple was one of the losers here. ubs had lowered its iphone sales numbers and today a chinese research firm reported that shipments to china of foreign-branded smartphones including apple's, you know, iphones which are the big winner there fell by 47.4% in november from a year earlier. the stock is down about 5% this week alone. we've got to show you the wild price action in tesla. remember yesterday it slid 6%, notching its fifth consecutive day of losses after its ev
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deliveries fell year-over-year for the first time ever? right now the tesla bears have crawled back into their caves on news that while its china sales fell in december from a year ago, they jumped 12.8% month over month, and overall chinese purchases of evs made by tesla hit a record for 2024. stock is up 6.7% right now, but competition in ev land is skyrocketing, and that could be an overhang at some point during the year. speaking of skyrocketing, if you're one of those investors really wishing you could instead make a different bet on tesla ceo elon musk-made company, say by buying shares in his still-private rocket ship company spacex? you actually can, and we are going to tell you how. and how much a single share would cost you. coming up, equity zen is the platform where you can purchase pre-ipo shares in companies from spacex to klarna, stripe and more. ceo phil has let is going to
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reveal how many and how much of the hot pre-ipo company shares are trading at and how you can scoop some up now. in the meantime, 56 minutes before the closing bell rings on this first freud the new year, so let's take you to the floor show. joining me now, traders keith fitzgerald and jon najarian. jon, it's not just equities joining the january party. bitcoin once again gaining as well. oil is up, west texas intermediate in the aftermarket is moving well above more than $73, so it's at $74.09 at the moment. that's an 11-week high. what are you gleaning from the bigger picture of the price action today for investors? >> well, you've talked about two of them just right there, liz. one of them, bitcoin. obviously, there's a lot of stocks that are tied to it. micro strategy, one of them. but that's a very, very leveraged bet. so we noticed a lot of unusual activity, liz, in symbol
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w-u-l-f. of it's a $6 strock. they're betting it trades over the next few months at $8 a share. i like that trade. and as far as energy, which you also just mentioned, with crude oil trading back over 74, eqt. this is a natural gas player, not a crude oil play. nonetheless, natural gas is necessary for electricity generation as well as some of the cold to hit the east coast. and this is an an appalachian-based company, basically. so eqt moving to the upside because of strong demand, and somebody bought nearly 2.8 million share equivalent of the upside calls in this one that are all the way out til february. so i like both of those two plays, liz. liz: yeah.
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and they're not, keith, two the out-front kind of names. you, of course, have been pounding the table on tesla, palantir, costco, many of these other names that are very much, you know, widely held stocks. what are you doing when you look at these rallies that we're seeing at at the moment in different echelons of the market? the vix is falling, there doesn't appear to be any concern even during the speaker vote where it looked like mike johnson wasn't going to built out which he eventually did with a majority 218 votes. some confusion, but the market never wavered. what does that tell you? >> number one, that it's going to be hard to wipe the smile off my face, because that portends a lot of money, a lot of hungry money looking for great company at the right point in time. so, you know, you and i have talked about this, when you're on a winning horse, you don't switch in the middle unless you have a compelling reason to do so. liz: okay. that tells me you're sticking with palantir.
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but, jon, when you look at valuations -- because i know you do, even when you're trading options as well -- does the market look expensive to you at the moment? >> certain parts of it certainly do, liz. but that's not to say that they won't do what stocks tend to do, and that is have a pullback and then the a race again to the upside. when you and i were together in florida recently, we talked about a lot of those small nuclear plays, for instance, those small modular reactors. a lot of those got hit as people were taking profits. and then today many of them are up over 20% in a single session. that's, like, oklo as well as nne, nanonuclear, and so forth -- liz: hey, jon, oklo's up 23.25% right now -- >> yeah. they're just putting the whip to it. [laughter] liz: you've got to strap in for a very wild ride, isn't that
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right, jon? >> that is very correct. and these won't have significant revenue for several years. but sort of like the a.i. plays, sort of like the quantum computing plays, these bents into the future -- bets into the future are likely the survivors of this are likely to be several hundred dollars, not $20, not $30. but you're going to have to be a patient investor and, as you said, you're going to have to tolerate some pretty significant volatility just like keith just spoke of. liz: you know, keith, you along with sarge to who, of course, one of our traders on show, and buffett, warren buffett, says don't buy stocks on an up day. buy your preferred stocks on your shopping list when they are down. i was talking to my two very young nephews, they're in their early 20s, and they are so smart about buying stocks, they have little shares of different companies, and they watch the market really closely. but i ordered them, i said, you do not buy any of these stocks
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when they are moving higher. wait for even just a tiny pullback. is that still the right advice in 2025 the? >> there's no question, and jon alluded to it. you wait for the pullback, and the reason is because that's when emotions are running high. and most people make exactly the right decision at precisely the wrong moment meaning they run in here -- run in fear endead of investing in optimism. the worse the headlines, the worse the fear, the more i'm going to go shopping account and the deeper i'm going to buy. liz: jon, everybody's talked about the russell and when that that's that big moment when the market broadens out. do to you see any of that? you look at those names as well. >> yeah, i do. and i will see some of that happening, but right now, liz, one of the big things that's the biggest impediment in my mind isn't the speaker vote, it is the 10-year bond. and we need a break of that fever. we need that 10-year bond, the
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yield on it, to come down. so bonds up, yields down. that's what we need. that will certainly be manna from heaven for the small caps and the nasdaq for that matter. you mentioned it's the up 1.7%, i think, on the day. you'll see it do another one of those on any kind of serious -- liz: can you have, can you have it all though, guys? can you have -- because we have a pretty solid economy right now. all of the data show that. i mean, you had bargain today, he -- barkin, federal reserve bank president barkin, he was saying he's still a little bit worried about inflation. he basically said he's in the camp of staying restrict we've for longer.. -- rethe directive. he has a message that consumers are more price sensitive, so things are balancing. the consumer's calming town a little bit. inflation is closer to 2%. not quite there yet, so he's not entirely sol on immediately chopping -- sold on immediately chopping rates again. i mean, keith, give me your
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sense of this because you've got a strong mitt romney why would the 10-year yield start coming down? >> well, you've got a couple of things, right in the election's out of the way, the uncertainty's off the table, and you've got great big companies in particular who are moving forward with globally unprecedented themes. so it's absolutely possible to be economically cautious but a market bull. the mechanics of today's markets are very different than the economic models that guys used to make in their -- guys like that used to make in their statements. liz: i'm listening to you guys -- [laughter] >> thank you. liz: happy new year to you both, keith fitz-gerald and jonna najarian, we appreciate you coming on. folks, we got a nasty hangover for alcohol beverage stock investors after a surgeon general warning. what's making those stocks lose their fizz. and the biggest consumer electronics show in the world kicks off next week in las vegas. yes, of course "the claman countdown" is going to be there.
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liz: fox business alert, investors charging up shares of rivian to a 5-month high after the ev maker's fourth quarter deliveries topped expectations. rivian delivered 14,183 vehicles in the final quarter, above the 13,472 estimate from the street. despite production dropping 13% year-over-year in 2024, rivian
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managed to beat its 49,000-unit target by pumping out 49,476 cars last year, and the stock is pumping higher by 2 2% right now. rivian is starting the new year off very strong after falling 43% in 2024. we've got short seller hindenburg research taking aim at a new target, announcing it has taken a short position bettinginging -- betting against carvana, and shares are down 11.33%. the short seller accuses carvana of insider trading and accounting manipulation. carvana, for its part, released a statement saying the report is, quote, intentionally misleading and inaccurate and has already been made numerous times by other short sellers looking to benefit from a decline in our stock price. the stock has done anything but decline over the past year. in fact, it jumped 260% over the past 52 weeks.
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let's get to this, alcohol story. the u.s. surgeon general issuing a very sobering warning today. alcohol consumption causes cancer. dr. vivek murphy calling for cancer warning labels on alcoholic beverages due to the direct link between alcohol and the well-established risk of at least seven types of cancers. happy hour canceled for spirit makers and their investors. crown royal down 3.5%. molson coors beverage, the owner of miller and coors light, losing 3.33%, and anheuser-busch inbev, they, of course, make bud light and corona, down just under 2%. jetblue shares having a turbulent session -- actually, look at this turn-around. they've scratched back to the flatline at the moment. now, why did they fall earlier? well, the airline was slapped with a $2 million fine from the u.s. transportation department over chronically-delayed
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domestic flights. as part of the penalty, jetblue will provide vouchers worth a minimum of $75 for passengers who experienced canceled or delayed flights by 3 hours or more within the next year. the company released a statement saying, quote, we work very hard to operate flights as scheduled, but jetblue also pointed the finger at uncle sam for consistent, mediocre staffing at air traffic the control towers. that is true. all right. the airliner criticizing u.s. department of transportation say, quote -- saying, we believe accountability equally lies with the u.s. government which operates our nation's aerotraffic control system. air traffic control system. let's keep it up in the air here. the day elon musk's privately-held company spacex goes public, if it ever does, shares could very well take off like a rocket ship. so how could you grab shares before the public offering gets off the ground, and what would a single share cost you right now if you could buy it? well, you can.
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the cofounder of equityzen is a marketplace for investors looking to buy shares of start-ups well before companies launch ipos. we're going to give you the price of many start-ups that could go public soon. we're back if in a minute. ♪ maya knows how quality care can bring out a smile. but it's been a few dog years since she was able to enjoy a smile of her own. good thing aspen dental offers affordable, complete care
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liz: breaking news from the white house regarding president biden's role in if scuttling a merger. press secretary karine jean-pierre just wrapped up her daily press conference, and her message to reporters regarding prescribed's decision to block the u.s. steel and nippon steel merger was not, according to her, about slighting japan, one of the u.s.' biggest allies, but about keeping a business of great national security importance in u.s. control and and u.s. hands. president-elect trump has also said he would have made the same decision, but as u.s. steel now warns mass layoffs will follow and the stock is tanking 5%,
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what happens next? grady trimble is live at the white house with more on the decision. grady. >> reporter: hey, liz. president biden says he is blocking this deal because he says steel production that powers u.s. infrastructure, the u.s. auto industry and, importantly, defense should be controlled by a u.s. company. here's part of the statement he put out in this morning announcing that he's rejecting the deal. he says, this acquisition would place one of america's largest steel producers under foreign control and create risk for our national security and our critical supply chains. even though, as you noted, japan is a close ally of the united states and nippon steel offered to allow the u.s. government the ability to veto any reductions to the company's steel production, biden has chosen to reject this $15 billion takeover to. the steel workers' union commends biden's decision, but a lot of its members, the workers themselves, wanted the deal to go through because they believed it would have protected their
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jobs. in a joint statement, the two companies are calling this decision politically motivated. they say blocking this transaction means denying billions of committed investment to extend the life of u.s. steel's aging facilities and putting thousands of good paying, family-sustaining, union jobs at risk. in short, they say, we believe that president biden has sacrificed the future of american steel worker for his own political agenda. the white house says the decision was not motivated by politics and has this to say about the prospect of mass layoffs: >> on chinese steel imports, tariffs on chinese steel imports. that has made, made that industry stronger. and is we believe it's going to continue to thrive. i'm not going to get into hypothetical calls from here. -- hypotheticals from here. >> reporter: so president-elect trump, as you noted, has not weighed in on today's decision by president biden. but in the past, he has opposed this acquisition.
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we'll wait and see if he chimes in either in the next few hours, days or once he's in office. liz? liz: grady, thank you very much. from companies failing to join forces to companies succeeding in joining stock exchange, after years of slim offerings the ipo market finally started showing signs of thawing in 2024 this. according to dealogic, companies who went public last year raised more than $41 billion in the u.s., surging from the paltry $24 billion the year before. of the names that started trading publicly, nano-nuclear energy, social media site reed admit and drone company unusual machines were the biggest winners, up 498%, 387% for reddit and unusual machines, 298%. so if you're asking which names could be teeing up to go public this year, buy now pay later standout klarna, fin-tech company chime and car rental platform company turo are just some of the companies that have hinted they'll a head to wall
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street. and investors have eagerly waited for names like a.i. chat bot leader openai to elon musk's rocket start-up spacex. they've been waiting for them to do the same. but if you don't want the wait to invest in the next big ipo but want to own a piece of these to companies, you can buy pre-ipo shares with our next guest's company. how much would these shares cost? joining us now in a fox business exclusive is equityzen chief revenue officer phil haslett. this is fascinating to me because people look at wall street and they say, you know, the retail investor says i can't catch a break. you know what? the big guys on wall street, they give the early shares before the ipo to all of their top customers and multimillionaire clients, i'm always left out. they are not now. but what does it take to get on your site? >> yeah. liz: which anybody can go on, by the way. but to get on your site and start purchasing shares. >> yeah, absolutely. at equityzen, you have to be an accredited investors --
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investor, usually that's a million dollars in net worth, turns out to be about 18 million households in the country. it's more than kind of the 1%. liz: why that rule? >>st the an sec guideline that that requires certain risky investments only be made visibling to certain investors, and hopefully they'll evolve that, but it allows investors the access real estate, other alternatives like the pre-ipo markets. liz: okay. we threw out a bunch of names; turo, spacex, openai. there are shares available of those? explain if how those the shares come to your platform. >> absolutely. so i've got to be a little bit careful on disclosing which companies we do or don't work with, but is in general, it's late stage, pre-ipo companies meaning they've probably raised hundreds if not millions of dollars, and we're making those available before the company goes public. we're working with people that a want liquidity for their shares. so if you can imagine
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hypothetically stripe or core weave or one of these companies, an pro has been there for years -- an employee if got paid in stock auctions -- options and says i'd like to buy a house, pay down student debt, that's one idea of one side of to to coin. somebody goes on the to a platform and says in this company, openai, it's so interesting, they type it in, hay don't find a stock ticker, what do they do? they find these private investment opportunities that start at this should 10,000. liz: okay. so it's very, very tetlating to find out -- titillate aring what the current price of, say, a single share of spacex would go for. let's talk about some of these at the moment. you mentioned chime, core weave -- well, they're on your site. turo, klarna, data bricks. let's pick data bricks right now. >> sure. liz: the last, i guess -- explain how you come to this number, but the last share that was sold was around $9 6 a
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share. >> yeah. they recently just concluded a big share buyback at about $60-65 billion in valuation which i believe corresponds to something in the 90s per or share which is what's probably referenced there. but the big takeaway is these private companies are getting really big before if they hit the public markets x. if i don't invest in these companies while they're private, by the time i can start trading in my brokerage account, i've missed the opportunity. that's why we started the -- liz: spacex went public in, what, 2001? i'm sorry, spacex was created in 2001. so it's been around for many years, and they're getting mature. there's no guarantee these companies will go public, correct? >> correct. liz: that being said, what about space spacex? >> they've recently are also been doing a buyback, a phenomenon we're seeing where the companies are helping to address liquidity for these shareholders. and it's a stratosphere thetic
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number in the private markets. when you say, okay, that's 350, openai's $150 billion, are they too big? we have market caps of until trillions, nvidia, microsoft. these are mega companies, there's still upside from some of those valuations. liz: and spacex has a reference price of $165 a share. we're not sure any of these companies will go public although klarna has been pretty clear they would like to go public this year. >> that's right. liz: what about the reference price there? >> yeah. klarna has given an indication that they do want to go public sooner that've than later. they redomiciled the company into the u.k. to make it even easier to file to go public. can never guarantee when it might happen, but generally, companies are seeing there's a window of opportunity to go public that they haven't seen for the past 24, 36 months. and really the question is who's going to go first, right? who's going to test the market out. i think we've seen a reference price for klarna at close to 500
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a share. liz: what my buy some of these shares? if i'm not an employee, i buy them from you and then i want to to sell them. do i sell them back to you? >> yeah. we actually have the ability for somebody to buy shares on the platform, hold them for about a year, and if they want to realize gains, they're able to sell them the somebody else also on the platform. most of the investors know there's a risk that these investments could be held for a long time, maybe they'll -- sell them later on equityzen or hopefully an ipo or acquisition in the future. liz: stripe is a company that has been around, it's raised a lot of money. let's talk about that one. do you anticipate the -- how can you tell that they will eventually go public? we've got stripe, reference price at $44 and change. >> stripe's another example where the company hasn't talked too much about going public. usually a company hints that, hey, this is on the horizon. they seem to be one of those companies that's in no rush to do so. spacex is giving indications, so
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these companies are getting really large. but i do think there are other companies in the fin-tech that have made those comments -- liz: why do you think the ipo market has turned much better these days? 2021 was huge. that was the year of the spac, the year of the ipo. so many of these companies did are -- very well. you had, i guess you could call it, a captive the audience. people were in lockdown. they had government checks and money coming if in, so they wanted to buy stock. >> yeah. liz: what about now? why are we seeing a comeback after a very dry 2022, 23 and, well, started to get that in '24? >> '22 and '23 was a bit of a hangover. '24 we're starting to see some risks that have kind of gone away or uncertainties that have gone away. we have a bit more visibility on what we think are going to happen with rates and rate cuts, we know who the incoming administration is going to be. that's a thing that gets people nervous about launching an ipo and, quite frankly, the public markets have performed really, really well.
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when you have those all together, you have a low volatility environment for public stocks, that is your dream scenario to start the testing the market. liz: let me finish with openai. >> please. liz: do you think it goes public in somewhere probably not in 2025, but eventually they're going to have to. liz: are you getting shares from employees? >> we've seen people interested in buying and selling -- liz: okay, that's fair enough to say. [laughter] the platform's called equityzen. look and see if you qualify, but the bar is not so outrageously high for a lot of people. >> that's right. yeah. liz: goo -- good to see you. ceo of the most important consumer technology show where a lot of these pre-ipo companies are dying to sell their stuff, the place where the world finds out what type of phones, what new tv screens we'll be watching. it is only open to the industry, but "the claman countdown" has your credential to get in the door. next week i'm heading to the consumer electronics show as we do every year many in las vegas to take a look do -- in las
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vegas to take a look at the latest in a.i., cars, advanced mobility, ts. all the big names behind cutting-edge tech will join me throughout the week. we're going to to preview it all though with the head of cta, the concert master himself of the whole darn thing, gary shapiro. he's next in a fox business exclusive. ♪ gum problems could be the start of a domino effect parodontax active gum repair breath freshener clinically proven to help reverse the 4 signs of early gum disease a toothpaste from parodontax, the gum experts. whether you need to lose 10, 20, 50, or over 100 pounds, make the healthy choice with golo. head to golo.com that's g-o-l-o.com it's payback time. all these years, you've worked hard. you fixed it. you looked after it.
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liz: i need to check back on the nasdaq. folks, we are up 32 points, a gain of about -- 332, 1.7%. high of the session was a jump of 390 points. so, i mean, we're holding on to most of these gains here. big leader is nvidia. palantir, arm, smci, super micro. this all brings together the big technology story that appears to be spilling over into 20 the 25. and we are just four days away from ces, the world's largest
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consumer electronics eventing with held in las vegas, nevada if -- being held in las vegas, nevada. this year's powerful tech event will have 2.5 million net square feet of exhibit pace, more than 4,a 500 exhibit exhibitors and approximately 140,000 attendees. 40% of which are from outside the united states. "the claman countdown" team is heading out west for ces 2025. we'll be broadcast casting live from the event every day starting tuesday, wednesday, thursday to show you all the latest, greatest stuff. joining me now in a fox business exclusive to get ahead of it is the consumer technology association's gee and choice chair, gary -- ceo and vice chair, gary shapiro. more than last year. this a record-breaker, gary? what do you think? >> well, every indication is, liz, it's going to be a phenomenal, great show. our registration is up, we have a huge number of exhibitors, more innovation centers than we've ever had and, boy, have
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people preregistered for this event. and you're going to be there -- [laughter] we're ready, we're excited, we're pumped, and we want you there. liz: believe me, we take a huge team even the first year that you reopened, 2021, after the pandemic, we came. i mean, fox business is so -- >> you ran into the fire, liz. liz: well, yeah -- >> you ran into the fire. you didn't run away from it. liz: we backed the right horse because, obviously, technology is the huge investment over the past couple of years in the stock market. but let's talk about the biggest driver of, certainly, last year and that was artificial intelligence. gary, can you give us a sense of what we will see that embeds or incorporates a.i. into the consumer electronics that many of us might be using this year? >> well, you'll see of the 4500 exhibitors many, and certainly most of the big ones, will be talking about a.i. we'll see it in big companies like lg and samsung which will have a.i. and be talking about smart phones and smart homes and
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tv thes. you'll see it in the computer companies will be embedding it in their devices, so you have the chip company talking about it. certainly, that will be a big discussion item for many of them. and, of course, other companies including car companies, mobility, otherwise. everyone will be talking about what a.i. is doing. for consumers, it's about being basically, have products which are permized. for enterprises it's -- personalized. for enterprises it's about productivity. we're already seeing that reflected in this week's productivity numbers. liz: let's be clear, gary, none of these electronics work without semiconductors. and you have been that show especially this coming year of attracting the biggest and the best. so qualcomm will be there and, yes, we will have cristiano amon on the show. you've got arm coming, intel. we've got nvidia. in fact, on monday night the big key note to kick off the whole thing, the whole shooting match, is general seven wang.
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and the big -- jensen huang. and the big expectation is they and some of the other chip companies are going to be unveiling a.i. chips for pcs, so is the pc back? everybody was on their little phones, and now we're talking about pcs and computers and laptops. >> well, certainly the pc's getting a good jolt of resurgence because a.i. can allow you to do so much more in terms of your productivity and your personalization, in terms of using it to help create initial draft of a document or a report that used to take literally months you could do in a couple of hours. and jensen, i don't know what he's going to do, honestly, but he's going to get a big crowd, and what he's going to say is almost as important as that exclusive interview that you just had in november. liz: during that interview, i'm glad you brought that up. jensen huang told told us because there was this question about some of the new blackwell chips, $40,000 chips that are running the a.i. data centers, you know, we asked him because there was one report of
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overheating, and he flat out said, you know, that's a non-thing. but you know what's not a non-thing? the orders for the blackwell chip. so how important is the data center world to everything that we're going to see on the floor of ces? >> well, data centers are extremely important, and they're certainly feeling -- fueling part of nvidia and other companies' growth. but we're also seeing other products. obviously, the government gave a great boost the electric cars, and we'll be talking about something we haven't focused on before and that's quantum computing what's interesting about quantum is it's like a.i. on steroids and does so much more. but there's a challenge there we'll also be talking about for the first time because we always used to assume it, electricity availability. these devices and electric cars use a lot of electricity, and we don't have it yet on the grid, so we've got to start moving quickly. and that's why there's a focus on nuclear and wind and solar and hydrogen and even traditional oil and gas and things like that.
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it's just not simple of just biodegradables. you have to have those transmission lines, and they are super expensive. so there's a great focus on everything type of approach, a focus on getting these devices more efficient, using less heat and also getting cloud centers all around as jensens has said in every country in the world. they want to have their own data centers to preserve their own culture and language. liz: gary, i know you're heading out there this weekend, and i will be showing up on monday. this is one of our viewers' favorite of all time shows every year. it's huge viewership, and we're going to bring it all live. so thank you, and i'll see you on the other end in vegas. >> thank you for for coming, and we look forward to seeing you. liz: you got it. all right, the bulls are charging ahead today, literally, i mean, they're headed to madison square garden. professional bull riders are competing for $143,000 in prize money right here in the heart of new york city. we've got a preview next. nasdaq gaining 309 points right
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now. the dow not far behind, up 291 points. the s&p up 65. we are coming right back, don't go away. ♪ years of hard work. decades of dedication. committed to giving back. you've been there, done that. and you're still here for more. so now that you're 50 or older, and at increased risk for pneumococcal pneumonia and ipd be proactive with capvaxive- a vaccine specifically designed for adults to help protect against pneumonia and invasive disease caused by certain types of pneumococcal bacteria. capvaxive is the only vaccine that helps protect against the strains that cause 84% of ipd in adults 50 or older compared with up to 52% by other pneumococcal conjugate vaccines. don't get capvaxive if you're allergic to the vaccine or its ingredients. tell your doctor if you have a weakened immune system. common side effects include injection-site reactions,
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in town and wild west taking over the big app this will weekend and professional bull riders unleash the beast competition kicks off tonight with a pile of money at stake. madison alworth at msg. madison. reporter: hey, liz, msg completely transformed and 1.5 million pounds brought in from jersey and the bulls also brought in from jesse: peasantsy and 12 bulls made their way into manhattan for tonight's competition. we're talking about a big purse, $144,000 roughly for whatever rider can stay on and have the best performance, but the bulls themselves are also worth a lot of money. cord knows this better than anyone. you were once a professional bull rider and now an owner. give me the back of the business. what makes one bull better than another? >> they're athletes is the mindset like any other sport whether baseball, basketball, the bucking bulls are athletes. they've got to want to do it.
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i started raising bucking bulls for myself to train on. about the time i retired, the bull value kept going up and it's a crazy trade now. reporter: you have a two time world champion. these guys can be worth potentially half a million if not more. how do you look at asset like that? >> it's neat and riding solo two time bucking bull and value for genetics and gene pool going up and the mccoy ranch uses his value and offspring each year we sell offspring and madison square garden, there's a couple of riding solo sons here and it's a big weekend. reporter: awesome. 17 bulls here and this is a shot behind me and it's incredible. madison square garden completely full of dirt. last night the rangers were skating on the ice and tonight we'll be having riders being bucked off bulls, hopefully. liz, back to you.
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liz: let's be clear, new jersey dirt. shipped in from new jersey. reporter: yeah, that's right. liz: we new jersey residents are so proud. looks like a lot of fun. four minutes before the closing bell. the gains you see on the board today while impressive not enough to send the slay of the santa claus rally airborne. the santa claus rally defined as last five sessions of the year and second year in a row and they'll have missed out. not going to happen. all three gave britter shower perfoperformances and start with glitter and going with glutter and the rally now investors listen up, buying stocks and you should want not one, orlikowski two but three things coming to buying stocks. joining us with $11 billion in
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assets under management, washington crossings adviser kevin. kevin, last year it was buy stocks that are cash flow positive and who should they require this year? >> you need to look for companies that can cur vive and in says -- survive and in case something goes wrong, not that there's anything in the data at the moment looks like it's going wrong, we've had a run and we've had $100 trillion to household balance sheets in the last 15 years. that's enormous. and two years of back-to-back 26% sort of gains in the s&p and own companies that are very little debt in the capital structure and liz: the three things that are important to have obviously are what you've administer tucker lated and
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kevin, what about these three names gives you the sense they can do really well this year? >> cummings is an entry company and very well known. imagine having anything else other than to continue increase in defense spending and lockheed is a primary beneficiary of that. microsoft, they just announced they'll be spending $80 billion on building out ai. they're very real formidable competitor with co-buy lot and all have increasing dividends and last five years and increased dividends and solid companies and going to get
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poised higher than in 2025. >> tremendous skewing in the averages and companies that are $3 trillion in&more out there and while they have huge profit potential on the other hand there's a lot of opportunities in companies that have been basically overlooked. liz: kevin, great to have you once again. here comes the closing bell everybody. on the first friday of january. all 11 sectors on this continuing in the green. larry: hello, folks, welcome t
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