tv The Claman Countdown FOX Business January 22, 2025 3:00pm-4:00pm EST
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if you're a laborer, maybe. we've got less than a minute. one other topic to ask you alaska, in japan, where they had this sort of aging crisis before we did, we're lurching into it. they say some women there because they're so lonely are choosing to go to jail. they at least have companionship. what do you make of that? >> there's a loneliness epidemic in america too and so many youth identifying as as lgbtq community. charles: that's part of loneliness? >> yes, it's a desire to feel apart of something and no religion and engaging with people around them and need to feel apart of something and i have the jewish community, republican party and a lot of communities. it's saturday and hope for a healthier, happier society. charles: weave seen this and -- we've seen this and how it works and can try to avoid it. kelly and deborah, thank you both very, very much. liz claman, over to you. liz: it's big. pinstripes are huge for the spring. you've like 30 years early. charles: this comes back.
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just got to wait long enough. liz: just hold on to the stuff. thanks, charles. breaking news, the bulls are getting it in and day two of the stock market rally and it's tech and media entertainment controlling the buy button. the dow is tacking on 164 points to yesterday's 538 point jumped and look at s&p, this is the big one and it's currently at all time intraday record here at 6,096. gaining three quarters of a percent and closing up 41 points to mark the record. but right now it's up 47 so let's see what happen ntsb next 59 minutes. see nasdaq as far as percentage gains are concerned and the nasdaq is vaulting the very highest. this 278 point spike here mean as 1.5% gain for the tech heavy index. both s&p and nasdaq can thank netflix for the lift. shares of streaming king blazing to intraday record in the wake-over as one analyst put it
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near flawless earnings. now only did netflix beat on the top and bottom line, but the platform's exclusive carriage of the mike tyson and jake paul boxing match helped draw 19 million new subvibe scribers during the -- subscribers during the quarter and future looks bright and the stock is up 10 full percentage points right now. a big chunk of that future revenue could come in the final quarter when barbie director's narnia gets released. netflix is producing narnia, but the portal fantasy film not hitting net flick first. in a deal that shocked hollywood, netflix giving i max a two week exclusive rollout of narnia before the film heads to the streaming platform. all right, in a fox business exclusive, imax ceo rich gelfand data fond is here on how the first of it is kind deal is here and what it means for the future big picture streaming releases
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and there's a lot coming up this year. to president trump's announcement last night with ai and ai data center stocks soaring. he was joined by larry ellison and softbank's ceo to announce they'll fund star gate. it's a 500 billion data center buildout and they'll helm and president trump trumpeted 100,000 jobs and joint venture says it'll create here in the usa, a flurry of stocks going parabolic on the news. oracle is the big publicly traded partner and up 7.25% and softbank higher by 10.6% and arm, designs the licenses chip architecture and that jordyty owned by -- majority owned by softbank up 14.6%. halo goes wider. ai server ma makers and supermi, dell, and arista and they're up 7% and at all time high. that halo effect though, here's
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the one thing, it did not reach elon musk. late last night, the tesla spacex and ex-ai chief took to x to bash the initiative claiming "they don't have the money". musk went onto claim softbank doesn't even have 10 billion of the 500 billion secured. musk tries to rain on that parade, take it straight to edward lawrence who's at the white house for the latest on the developing story. a lot of moving parts in the elon piece is pretty interesting. reporter: exactly and sam altman replied to elon musk saying they do have the money and he hopes that elon musk would come to the opening of what they're calling star gate. this is investment of $500 billion over four years that these three ceos have committed to the initial investment would be $1100 billin in star gate and happening right away and creating tens of thousands of jobs in the partnership between softbank, openai and oracle. all the ceos announcing the deal
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of president trump and ceo of or cal saying the -- oracle saying ai data centers helping doctors treat patients and first data center in texas. >> the data centers are under construction and first of them under construction in texas. each build sergeant a half million square feet. there's ten buildings currently being built but that will expand to 20 and other locations beyond the abilene location, which is our first location. reporter: possibly in other states and that means big purchases for nvidia and softbank ceo there. this is what the market has been reacting to. you see the stock for an nvidia, softbank or oracle up big and pulling nasdaq and ceo of openai sam altman, told told special report the future is now. >> there's hundreds of millions of people using these today and going to billions and really depending on all sorts of great things in their lives. like new technology, we have to
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put rails on it and imagine the way it is could go wrong. looking at safety record after what we've been able to ship so far, what we'll do in the future, the benefits of this tremendously outweigh the downsides. reporter: president trump said he'd help expedite permits for the building ands data centers to get up and running as quickly as possible. back to you. liz: the chatter about elon dicing this big initiative -- dis-ing the real niche they've that president trump and wingman in the white house. reporter: it is but you're looking at elon musk that has an ai space, and this is a deal with data centers with openai, who is a competitor to what elon musk would want to create. might be some gainsmanship going on in this but, yeah, who knows. softbank says they have the money. liz: not might, there is gainsmanship. you're absolutely right. edward thank you very much. all right. there's so much more to dig into when it comes to market implications of star gate. edward mentioned nvidia and top of the dow heat map and gaining
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44-point% to very 147.24. if you look at what's going on heat indexer see that there's microsoft, which is the biggest partner of openai. it's in the second position. followed by travelers, proctor & gamble, 3m, and salesforce. majority of dow 30 stocks are in the red by just one here at this hour. biggest laggard down to the bottom is johnson and johnson down 2.5% to $144.38. the pharmaceutical and mid tech giant is shedding off the sessions of the low and the 2025 forecast hurt by a stronger dollar. coming up, company's chief financial officer is joining me live to discuss everything that the headlines and other business networks may have missed and why there's so much more to this story than just a one day selloff.
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plus, we are now one week away from the start of the federal reserve's january interest rate meeting, and then of course decision economists expect the fed to keep interest rates unchanged, but what could we learn about the path forward and how should investors gain the outlook. getting right to the floor show, we have scott redler and lead portfolio strategist jack. we have a gain of 41 points and we're up 46. what is really at the heart of this? is this all sort of the tech star gate situation and can't ignore that netflix is at top of s&p. >> it's good to be u.s. investor and we've been connecting dots and last week the banks had the baton and made to highs and getting it news with ai, star gate and net flex. fete flicks is a premium -- netflix is a premium it companies giving them the green light and getting close to 300.
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technically seeing 300 over the course of the next few weeks and hurdles and obstacles. liz: we're at 62.95 and getting to 6300 in the next couple week s? jot market is acting phenomenal and nice rotation and broaden out and seeing leadership. you saw netflix new highs, amazon and meta will be next. i can see them go a lot higher through the earnings reports and i see nvidia grabbing the baton back and they sold ces function or doing their -- you were this. they were all going nuts. they sold the event and now it's back on its horse and nvidia can make new highs and probably unleashing speculation in another round of ai in the se semis. l lliz: nvidia at 138, 139 and w
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going 147. jack s there more than just tech stocks lighting the roman candle under buy buttons at the moment and what did you think moving ahead is the best student keeping in mind we're two weeks ahead in front of the fed meet something >> sure, the bottom line is simply operation. you're not just seeing it in specific sectors like tech and seeing financials and ai trade and some are concerned it might run it is course and plenty of room for upside and thinking about the comments from the hyper-scale is more recently on cap x and the list of backdrop pointing to earning ands regarding the fed, it's a risk coming up and the markets are spot on with this. not expect ago fed to move on the next meeting. potentially one more cut between now and summertime and largely baked in, if anything it might be for a cut between now and
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midsummer and it's all about earnings. liz: march fed funds futures and in a week, it's expected there'll be a pause and still a chance of a pause for march if you're judging by the fed funds futures and tafanely derivative to bet on what the -- the derivative betting on what the market will do. just look at vicks. the fear index and it had been barely higher earlerer today. it's now barely lower and below 15. heading back down to real complacency. jamie dimon coming out saying stocks are a bit overvalued. are you worried about that at all? jot risk might be on the growth side and keep many mind we're going to be slowing from a very elevated rate and you're coming in at real growth at how farly 3.1% and the trend prior to the pandemic running about 2.3% and thinking about some of the individual items like state and
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local spending probably go to slow a little bit, con couples slow ago bit and defense spending going to slow and add all the individual items and making the case coming off the boil trillion 301st but settling to -- 3.1 but settling for a raise on the longer trend and it's good for the corporate backdrop. liz: scott, we didn't see sell the inauguration. that has not happened. awhat do you look forward that might be a bit of black swan and people should be careful of? what hasn't jumped up enough that you still really like? >> well, everyone is worried about late night tweet bomb ntsb president and saw that at the inauguration when he said potential tariffs on mexico and canada with 25% and futures went from up 35 handles to down 35 handles but solid to see we opened up on tuesday positive and buyers came n. u.s.
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investors are stepping in and they're very optimistic about the new administration and higher the market goes and might see more inflation trickle in and less accommodation from the fed and a lot of goldy locks and then all of a sudden the economy is doing well enough and jack said the earnings are strong enough and technicals are there and you have companies flushed with cash and the pulls are in charge and all depends on your time frame going to interact with the market and it's much riskier to be out of the stock market than in it. as a trader, there's a lot of green lights in the last four to five d days and this can contine over the next multiple weeks. liz: yeah, great to be in the stock market than out. thank you, both. scott and jack, appreciate your time. star gate not the only tech story making headlines today. c-gate technology shares shooting for the stars as well.
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what's fueling computer drive makers rocket ship right now. talk about stars, six time major champion phil mickelson joining in a fox business exclusive on the lo rocket boost. hisny new partner liv golf getting with the new partnership. why the high fliers in primo position on the new year and what are they wearing? dow jones up 168 and nasdaq up 255 and s&p still holding on to the record of the moment.
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liz: fox bises alert, bulls are putting the pedal to the metal and investors are hitting the brakes on ford. shares of auto maker falling 3.5% after downgrade from equal to overweight and cut price target to $11 per share from $13 citing volume head winds and uncertainty around cost improvements and stock around $10.08. computer hard drive maker c drive technology busting out of the gate. nice move. stock popping 7.6% after second quarter revenue beat. positive report spur ago slew of price target hike withs the median price target on the street now at $122.50. c-gate at 109 and change and tp benchmark with strong demand in a growing ai division driving in second half of 2025 and 2026. online trading plat for the
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purposes delivering -- platform delivering gains and stock up 8% with a rally due to record high after posting year over year increase in revenue and profit. interactive brokers attributes results to high trading volume and larger credit balances but keep in mind, there's been a massive rally that has really helped certainly over the past several months lot of people jumping in and trading and that helps interactive brokers. proctor & gamble, it's having its best day in a year on improving u.s. demand on home care products and products behind the brands of charin, pampers and bounty. they're in the innovation of scalloped edge toilet paper, james. yeah, scalloped edge toilet paper and full body deodorant. we've seen the pits and parts
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commercial. recovery in the market and stock up 2%. i saw that scalloped edged toilet paper for the first time yesterday. kind of sheik all though what's the point? hey, whatever works for them. during the earnings call last night, netflix chronicled details of upcoming narnia on imax deal in its first of the kind hallmark and streamer seeing release of greta gerwig's narnia to the imax and how the unusual came act with the executive playing a starring role in making it happen. imax ceo rich gelfond next.
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liz: the lions, the witch, and the imax screen after a two week theatrical release of narnia adaptation and netflix co-ceo saying on his earnings call last night, don't get used to it. starting on thanksgiving day 2026, he said narnia will for two solid weeks only screen in imax. only then oval window that will it appear on next netflix and longer window than netflix
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granted for a film releasing under fete flicks brand. in a -- netflix brand. we want to bring in the man that helped seal this unprecedented netflix goal, rich gelfond. it's really excited for you guys and netflix is jumping because guidance look sos good. some has to be due to what's expected to be a great narnia rollout. >> i don't analyze netflix stock and it's obviously done really well but, you know, we're increed blizzard warnings excited -- incredibly excited and it's important to note the real driving force here was greta gerwig because coming off barbie, she appreciates the power ophtheti reigns leading cal and what that -- of theatrical and she understand what is that means and it's important to her. she's thinking of this not as like a stunt or add on, she's considering using i max cameras for it, you know, i've gone through the plot with -- when is
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amazing and how she's going to do it. i think she's going to create an imax experience and then a fantastic netflix experience and even though we're playing it for two weeks, it's actually a four-week window. so it's going to open on thanksgiving '26 in imax and then christmas '26 in netflix. liz: give me a sense, rich, the first moment you were brought in to discuss what greta w wanted with ted and netflix. >> i've known greta for over a year and known of her interest in imax and kind of talked to her periodically. she said i'd really like to do this and think through strategy. the first couple, maybe two or three weeks really had to approach the right way. one of the key things we've
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thought about. we love netflix, we're not an exhibiter and no fighting over windows or anything like that . i thought how do we make this a win win for -- win win win for greta, imax and netflix. we do original movies and work with stewed joes and we're in a unique position to understand what everybody needed out of it. we tried to construct something that worked, and we didn't nail it on day one but the netflix people were pretty flexible, and we found a formula that worked. liz: so what was that formula because ted serrando is in essence saying this type of run allowing to be on imax screens first pumps the publicity and gets word out and everybody that can see on i max and then they'll love it and watch it a second time on netflix or those gnat getting to see t they'll jump to netflix; right?
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>> i think the thing is i max ccreates -- imax creates global events and if you're read the narnia books, it's a global thing. other film makers called and said do you want to do this with us? my point of view is not now. we're doing it with greta, we're doing it with netflix. we're not trying to change the world overnight. let's make this a success. we'll see where it goes from there. liz: okay, you've gotten calls but said just hold off for the moment? i mean, what if somebody, obviously disney has star wars, if there's another star wars movie and come to you, the director comes to you, right now you would say not yet? i'm not going to go to bob iger? >> well, i think being more specific with netflix, i'd say you have to talk to netflix and
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if they're happy doing it, we're happy doing it. and our philosophy is i want them to look good and us all to make money. the question you asked before, i want to help create a global event out of it so it does well in imax and does really well on netflix. liz: we've got so many movies coming up: captain america on february 13th, july superman and next iteration for that, wicked for good, part two and that's that was a huge hit and there's so many opportunities further down the line of movies in the incipient stages; right, where people are looking at this opportunity but ted was pretty clear saying we're not going to do this for everything certainly. >> he said at one point we're not going to have advertising and we're not going to do sports, and i think if you look at history of netflix, if it works, it leads to new things. i think he was also comforted
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because we've done a number of projects with app and will have the formula 1 movie this year where we're kind of one-over the centerpieces of the launch and we made a deal with apple real early on with joe and the whole team to use imax to create an event. with amazon, we've done it on several occasions, including this year we had the blue angels movie with amazon and i think it doesn't have to be -- has to be complimentary and that's what it is. liz: that's testament to your leadership and people think in hollywood, i can't win unless somebody on the other end loses. that's never been you. talk about mission impossible final reckoning. it was the last mission impossible, which was i think called -- whatever it was called. dead reck sonning. final reckoning, dead reckoning. the previous one got shut out
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talking alaska exclusives from imax screens because oppenheimer had a long exclusive on imax and has tom cruise spoke ton you about opportunity withs his movie s? could be a third maverick or top gun? >> yes, absolutely. the new mission 8 we're already doing. right after the thing happened with the last mission, tom called me up and he said, you know, i understand what you did and why you did it, but i don't want it to happen again so this time let's start talking early. he said i want to be in the middle of those negotiations personally. so this mission we're doing, paramount has done a great job of marketing leading up to it, you know, we said just so we're clear with each other, the more imax that's included, the more time we're willing to give you and the more theaters you do and the more publicity you do, and
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it's been great. it worked really well. the problem with the last one is that it moved dates in the middle and we had already committed to oppenheimer and it was nothing against mission or paramount, just didn't work. liz: and oppenheimer used your cameras and greta is using your cameras for narnia. >> might. still figure it is out. liz: still deciding.ing. formula 1 with apple using our cameras. >> a lot of marvel movies using cameras. next year we have 11 films filmed with imax cameras which is virtual double any other year. liz: amazing. it's amazing. i will have this curious question for you and hope you'll answer, cs lewis' books are a series of the chronicles of narnia. anything set for the follow up of the next one? >> the answer is i don't know. you know, i'm sure netflix knows, but never came up in the negotiations but one thing that did come up and how it resolved
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itself was where if all this works, we'd like to do them and they're open to that, i don't know if it's anymore detail than that. liz: if this goes well, there's a good possibility they may do it again. >> i hope so. liz: we'll see. rich, great to see you. thanks so much. >> thanks, liz. really appreciate it. liz: by the way, imax stock done well over the past year, up more than 60%. that's interesting to see, especially considering that we finally have people going back to the movie theater. here we go, we've got one year picture up, 66%. rich, good to see you. >> thanks, liz, really appreciate it. liz: the world of cough coming up aces and fox sports teaming up with liv golf. up next, the star golfer known as lefty, six time champion phil mickelson standing by to talk about his new tv deal and fast multiplying tv ventures. yes, the man is selling joggers
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liz: fox business alert and big swing in the golf world and liv golf partnered with fox and f s1. fox sports to air more than half the league's schedule with select rounds broadcast on f s2, fox sports app, and right here on fox business. the tour tees off two weeks from tomorrow in riyadh, saudi arabia, and runs through august in europe, asharks australia and mexico. they'll pay out millions in winning ands one of the pros is playing the longer game. phil mickelson is captain and part owner of liv's high flier's team and simultaneously driving into the business world with
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ventures across apparel, health and maybe more. six-time major champion, aka lefty, joining me now in a fox business exclusive. lefty, where you been? so glad you're here. thanks for joining us, welcome to the show. >> laze, thanks for -- liz, thanks for having me on and it's been great and my team was in town and they just left last night. we're really excited and excited about this partnership with fox and all that they bring to the table. you know, fox has always been on the forefront of innovation and cutting edge, fan experience and audience experience and that's exactly what liv is trying to do for the golf world skin crease that fan experience and this partnership is helping us and create a lot of value for our sponsors and sponsors have been coming quite a bit more now with the value that fox brings and hopefully we'll be added value for fox as well and be consist with that cut edge innovative
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younger audience. liz: yeah, if golf and the golf world isn't careful, they could lose the next generation and where they look on their screens so what message does the multiyear partnership with fox sports and what does it send to the golf world and to that end, liv golf has torn up the play book, phil. punching up by playing three rounds, 54 holes and shotgun start versus pga four rounds and 72 holes. >> so we're trying to become an added value of the golf ecosystem and as the old model was not getting younger players involved. it wasn't a global model. we're the first global sports model for golf. and we're able to bring the best players, best teams throughout the world now. that hasn't been the case so we're trying to help grow the game on a global basis, and i wouldn't say that we're all additive. we're 14 week as year and we're all in thissing to. we want to grow the fan base and grow the game throughout the
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world and the united states and pga tour has done a great job for many, many years but it's a national u.s. eccentric -- centric based model and we're much more global and younger target audience and we're much younger in different demographics we're trying to hit and trying to make it a fan experience on site and more enjoyable. we're additive instead of competitive. liz: to that end, listen, you're 54 and i'm no spring chicken either, but i'm on tiktok, you and the high flier haves a youtube channel that's absolutely hugely popular. something like 214,000 followers or viewers. tell me about the tricks that you have in your bag as captain of the high fliers. are you a mean captain? how are you handling this team? >> 'love t and what's -- i love it and what's given me a new energy is the team aspect, which is different from the individual style of professional golf. this is lifting each other up
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and getting best out and youtube is a whole nother way of reaching younger tagger audience and again, growing the game and being additive and keeping -- look, long liv golf. long live golf and we wantthis s been fulfilling to me and i want to do everything we can to bring golf to the masses and now we're able to reach all different parts of the world. all different countries and bring professional golf to these areas and youtube is, again, it's additive and being able to hit a whole different demographic and target audience and i'm appreciative of my introduction and grant who sat that got me -- grant horvath and bryce dechambeau for showing me what it is be and i've only got three videos and i'm working and shoots content and a match we shot with grant in the first series in another week or two ask it's been fun and you can
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tell that it's been energy and excitement going for them. liz: you'll be the logan paul of the golf world. the grant sitweigh was hilarious and youtube golf start star and you had this -- star and you had this bet with him and you had to wear, you do not like -- or did not like joggers. in fact, when the pga said that the dress code could include joggers with ankle socks. is that like crocs with knee socks? you said it's not for me and put out a tweet saying there's o some things i won't ever understand and tour doesn't allow shorts but allows joggers and ankle socks. suddenly you have a joggers deal with primo, and there's a big golf apparel show that's kicking off tomorrow. tell me about these joggers because of the whole high flier team wearing them. >> it was the first time in the last four years i've been wrong, and i gave the jogger as try, and they turned out to be awesome.
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i thought i lost them with grant horvath and won the prize and they're so comfortable and turns out the whole team loves them. we're all excited about our new partnership with primo and what it's been doing for us. we want to be cool and fun and i was wrong about them. they're great. liz: yeah, here's the youtube video or video you put out with your entire team wearing the primo joggers, which i think is absolutely hilarious. that said, you're pretty smart, phil, you're not banking entirely on golf. we know people get injured. certainly sports people not that you are, but you have been in the past and so you've come up with a coffee and coffee supplement company. i think this is fascinating. so if you look at exactly what for wellness, that's what your company is doing and we have products on here. you have this coffee supplement
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with anti-ox danes and all kindl kinds of thins that come to helping to make sure you're hydrated, et cetera. i'm going to drink this right now. what's in the supplement and how it's enabled you to do better things with your body, i guess? a>> it's in addition to coffee and adding a collagen and protein and we've added an additive that has a calming effect and enhanced performance of caffeine. every one of the products is performance driven and health driven and with organic quality ingredients buzz coffee and starting the day with coffee and antioxidant it is provides and using the good stuff as a benefit to help me prolong my fasting in the morning, it's changed my health. it's allowed me to get off all
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meds, get rid of s psoriatic arthritis i got at age 40 and be off all the meds and take accountability for my own health. that was the biggest thing and early intervention programmed to share that and people using it -- i wanted to share that and people using it starting off in a positive way psychologically and use these products kind of benefit them and help them take accountability for their own health as well. liz: you're gutsy phil. it's a crowded space and patrick mahomes has a coffee company and jimmy butler has big face coffee. jimmy is taking it to the next level with the miami heat and opening cafes. do you see any -- look, you as a businessman, do you expand in your mind and scale up and what's next? >> so, my goal isn't to make money just to help support people that want to take
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accountability for their own smith so however best we can do that, that's kind of our goal and whatever products we can supply to help benefit that, whether it's the bites to give them a bit of energy without giving them a lot of calories and having it be good ingredients or gummies to get rid of inflammation in your body and tart chary reigns leading cherry, strongest anti-inflammatory. liz: recovery gummies, i'm going to power eat them. i >> eat them and they're delicious and specific benefits and inflammation we talk about is one of the biggest things in athletes as far as ability to recover. so i wake up feeling a lot better and then my inflammation is lower than ever and i do blood work to confirm that. it's important. liz: lefty, a lot of people don't know while you swing left, you're a righty.
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but you learned to swing left by mirroring your dad. great to have you, phil. good luck on the tour. >> thanks, liz. thanks for having me on the show and pretty suretive with our partnership with -- appreciative with our partnership with fox. liz: yeah, watch phil live on fox sport when is they play against some of the best gofers in the world and liv's first match of the season, february 6 in riyadh, saudi arabia. johnson & johnson, stock may be selling off but the earnings beat and financial finger on the last 2025 pulse with the cfo. that's next live on the claman countdown and dow up 123, nasdaq up 238 and s&p up 37 so it's paired back a bit. not quite at a record if we not quite at a record if we closed right here. stay tuned, got to watch it till the end. asking smart questions about opportunities like clean water. and what promising new treatment advances
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liz: about four minutes before the closing bell rings and dow component johnson & johnson off session lows and healthcare giant reported a top and bottom beat in the fourth quarter and more importantly than a minute by minute 2% selloff. jayme closs has 26 products, platforms -- j&j have plat for the purposes and products and
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revenue annually and that's a blockbuster. what does that mean for the road ahead? joining us now chief financial office, joe wolk. there was a top and bottom line beat and road ahead looking at opportunities and j&j has out there on the shelves and for patients looks pretty darn good. tell us about the guidance ask you pretty much indicate you've got operational sales guidance projected at 2.5 to 3.5% and adjusted epa growth of 9%. what's going to get you there. >> liz, thank you for your invitation. the platform on the revenue basis are a nice foundation from which we're building and make significant invest the presidents last year to advance solutions for bladder cancer, lung cancer, crohn's disease, mental health and card vascular and med tech and we're --
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cardiovascular and med tech and think about this year and why the stock is down a bit. investor having a wait and see approach. we look forward to proving them wrong. we're facing into probably a multibillion head wind of stellara erosion and that's a drug for psoriasis and inflammatory bowel disease and a slow down in china, which is a source of growth for med tech and there's additional discounts to the tune of about $2 billion for p part d re-design and contracting and restricting top and bottom line and we're growing 3% on top line operationallally and 9% on eps. we're ready for any challenge that comes ahead and we think this is going to be a cat bullet year. liz. it's the nuts and bolts of the company and what you do and in december, president elect donald trump vowed to eliminate
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the role that pharmacy benefit manager and so-called middlemen play going between the patient and the insurers because insurers have bought these things up and it's worry some. should they be separated from their owners which for example you've got united hell, it is own signa -- cvs health that owns aetna. they're driving people absolutely crazy. >> yeah, the top three organizations, they're controlling about 80% of the lives in america. and whether they should be separated orb not, i'll leave that for maybe other people to decide and focusing on the discussion that more than 50-cents of drug spent dollar does not go to either the innovator or the manufacturer who is putting capital at risk for the great healthcare solutions. thinking about t liz, there's a great multiple myeloma port knoll owe and seven years ago
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launching the first product, multiple myeloma was a one or two year death sentence and people on the drug living 7-8 years beyond the launch date. that's great news and great data on lung cancer adding years of life to the current standard of care. this is the thing that not only johnson & johnson but our industry does and we have to have discounts and rebates, that are plentiful getting into the hands of rebates and lowering out of pocket costs. liz: i could not agree with you more. joe, please come back and thank you so much for joining us. we're watching johnson & johnson, got a very fascinating full blown pipeline and so much more. all right, no record for the s&p 500. just miss it had. but the nasdaq up above 20,000. have a great day. that's it for us. kudlow is next. larry: hello, folks, welcome to kudlow. i'm larry kudlow. so, two days in and president
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