>> i think they will. we haven't seen a market where being close to the administration is beneficial. this is an economy which is good and bad that is a big advantage. charles: the symbol for the private/private -- >> xo vr. a crossover of etf. charles: and oracle. you have been walking. taylor riggs in for liz claman. liz: planting the stars and stripes on mars. charles: they say the rocketship won't come in my size in ashley.

liz: we will get you on one someday. we love you so much. i am taylor riggs in for liz claman. markets a little bit of a mixed bag in this final hour of trade but donald trump making all kinds of headlines today. trump making a virtual experience at the world economic forum in davos with a clear message to corporations. you make or product in america or pear tariffs. trump also commenting on his phone call with the saudi arabia and crown prince saying he's asking and increased investment into the us from the original reported deal of $600 billion. going live to edward lawrence at the white house. are we hearing he wants to closer to $1 trillion? >> reporter: he would love to see that closer to 1 trillion. always the negotiator trying to push the envelope. donald trump speaking to the

world economic forum saying america is open for business. not only that, he will work with companies to try to get their permits expedited through emergency orders he has given. he told the leaders of the world economic forum he wants to lower the corporate tax rate to 15% if you make your product in the united states. >> my message is simple, and the lowest taxes of any nation on earth. from the original trump tax cuts. if you don't make your product in america which is your prerogative, you have to pay a tariff. >> reporter: if nothing changes the flow of illegal drugs, immigration coming across the borders, the president pledges tariffs on countries that include brazil, india command china.

he has fielded calls from world leaders promising investment in the us. the latest, the crown prince of saudi arabia vowing to make investments and purchases in the us adding up to $600 billion. we know about the stargate venture pledged in the same time of $500 billion and $20 billion for properties, the president believes all of all of making this investment because this new business environment. >> i promise to eliminate ten old regulations for every new regulation which put many thousands of dollars back in the pockets of american families. to further unleash our economy. >> reporter: the markets are feeling in favorable mood. the dow up 325 points, the president turning this into business for america.

taylor: america is open for business. let's get to it. you heard it from edward and you will hear from me again. markets are mixed a little bit. look at the s&p 500, you need four points to get a record. we are at 11 points family and that record territory. the dow is a little bit of the main lag or today. wise that? elon musk starting to throw a little shade on the stargate project, the new $500 billion infrastructure investment between open ai and oracle, some of that dow hitting ai in the chip stocks. markets digesting an important piece of economic data we got this morning. initial jobless claims rising slightly more than expected up to 223,000 overall layoffs remain relatively low. you see the optimism in the economy with a slew of earnings this one. i wanted to look at alaska

airlines, shares to the upside, they said their strong holiday travel and leisure demand remains strong. that's where we want to go next, get the state of the market and economy, joining me, scott bauer and dutch masters. always great to have you both. scott, i want to start with you. we look at the s&p a near record highs. is this real fundamental news we can rally behind? >> it is a little bit of both. the optimism out there right now from stargate and other proposals out there is great, valid, great for the economy if these things happen but some of the other things the new administration is talking about in terms of rates must go lower. that is going to be a really tough job.

with all the money flowing in or supposedly flowing in here if the economy is growing and growing what is that going to do? that is going to put any hopes for further rate cuts from the fed on hold. we may even get to a point, not suggesting this will happen yet, we could get to a point where the fed has to pivot and start raising rates a little bit. the bottom line is there is a real possibility that inflation starts to tick up again. we have this good and good versus good and bad scenario. all these positive things that are hopefully going to come out of this, that does turn into a good economy, but it also turned into higher prices. if that happens, that could be real significant head wind for this market. taylor: dutch, you talked about the massive run up for the month of january, you're up 25%

but you did it on four stocks that are the traditional apple and nvidias we talk about every day. what we see in this market. dutch:rates are not going up. the flow of funds coming in, i've got to disagree. our rates are higher than anybody else's in the world relative to world rates. also, john gray at blackstone came out and said something interesting we need to pay attention to and that is the rental market, rates are decreasing faster than the government's numbers are showing us and we are going to be in a situation where the fed has to lower rates. keeping rates up where they are, mostly because of sticky inflationary numbers like housing.

that is about to change when john gray is on the ground. don't forget that guys on the ground, he has the data on what is happening today. rates are coming down. rates are going to come down. the fed is going to capitulate. trump jamming it down their throats to lower rates. our rates are relatively high. they've got to come down. rates are coming down. when that happens we've got four years. don't forget. four years of the worst bond market on the planet, markets don't continue to go like that. they eventually turn. this market will turn. rates are going to drop. we get cpi printed 2. 5%, the bond market is going to rally like you have never seen and the high duration stocks and nasdaq will take off like rockets. taylor: i got my start in the bond market so this is music to my ears.

i will spare our audience and not do that with all of you. >> we had that conversation. taylor: dutch had a point about those long-duration assets and the nasdaq could fly if you get rates falling. how do you think about ai and the quantum stocks at this moment? >> it is an open door, not like the nasdaq bubble where blips on the radar screen with evaluations not making money. most of the companies are profitable and making money hand over fist but investment coming into the space is amazing and that's going to be fantastic for the marketplace. i absolutely do disagree with

dutch, he is saying rates are going down. if rates are down i agree with him, the nasdaq flies. what we are seeing, the bond market can turn but the bond market is a lot bigger than the equity market. people don't realize that. that's the read for right dow. can that turn in 12 months? absolutely. be careful what you wish for. liz: can you pivot with me to talk about one sector you like which is the financials? >> the magic new center is the financials. we love financials. goldman sachs and rj f and robin hood and morgan stanley, these are the favorite stocks work ahead of a 12 to 18 month running this sector and we've

never been so excited about the limb, it has been three or four decades we waited for set up like this, trump lowering taxes to 15% for corporations mixed up. this is america. we are going to rock, this is going to be so fun. the right sectors and you are going to win. taylor: you are talking a lot about supersmart and vic's is a volatility gauge, betting on an increase in that, a little bit of an increase in the volatility and why? >> absolutely. the vic's trades next to me. there has been massive upside call buying over the last week or so not just going out

short-term to march, not just talking about 20, the vic's is trading about 15.5. not just 20, 25 but 35. 50 straight calls. massive buying get. wise that? volatility in my opinion is too low right now, but more importantly institutional and big funds are looking at this and saying if these tariffs take hold and if that inflation number starts to rear its ugly head again we could see a very quick selloff. not saying that is going to happen. they are getting that protection and we see what happened the last few times we had a selloff. we didn't just see the vic's go up 2%, 5%, but massive overreaction is what they are playing for.

taylor: next time we are going all bonds, i promise. the s&p 500 is hitting an all-time intraday high. initial jobless claims taking up from of the 11 month low and alaska air group with profit and sales forecasts. meanwhile, ea sports not in the game at this hour. its own goal has the red card from investors. details on the drama straight ahead. a new wildfire popping up in los angeles causing more concerns for homeowners. the agency founder joins us in studio to tell us how hollywood's real estate market is coping with the destruction of so many luxury homes. he is first on fox business. "the claman countdown" is coming right back.

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taylor: positive momentum for netflix upgrading the stock taught by from a neutral, listen to this. from 1494 a share, $680 a share. netflix delivered on so many levels in the fourth quarter. netflix hitting numerous oscar nods. the streamer's musical amelia perez leading academy award nominations with 13. a warning from south korean chipmakers syndicates customer nvidia and a lot of other us chipmakers lower on the session. nvidia, micron down 4%, rod %, rod.com off 1%.

these moves after they posted a record profit for the fourth quarter but steeper demand declines in commodity memory chips. american airlines hit massive turbulence in this session, down 8% after sharing a disappointing forecast for 2025 profit. american air said it is facing higher costs with more expensive labor contract. back in september the airline signed a 5-year deal with flight attendants and provided wage increases to 20%. one of our favorites, videogamemaker electronic arts having its worst day in 25 years. shares of the madden nfl gamemaker plummeting 17% but the other kind of football, soccer. ea revealed a slowdown in sales for its newest soccer title, besty 25.

players criticized the lack of innovation in the game. coming up. the clock still ticking on tiktok. tiktok has to find a us buyer or find itself banned by the government. venture capitalist bradley tusk shares his views on the future of the popular videogame apps and how he sees the market shaping up under the new trump administration. he is joining us in a fox business exclusive. you do not want to miss "the big money show". we are going to two hours. brian brenberg, jackie deangelis, dagen mcdowell and i have the breaking market and economic news each weekday beginning at noon eastern. only on fox business. we are coming right back.

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taylor: tiktok dancing across a potential sale revealing the world economic forum in davos the chinese company is exploring a deal to keep tiktok in america without selling. the general atlantic ceo said by could and is prepared to speak with donald trump about these alternatives and they are optimistic they will find a solution without having to sell. joining me with a fox business exclusive is bradley tusk, an early investor in uber,

lemonade and coin base. you know the world of dealmaking, investing, navigating this stuff. from what we hear, 75 day extension from the president, does this thing get done? >> not the way you just outlined. can a deal get done in the next 75 days a us buyer stepped up and the transaction happens? absolutely. it is a great asset. the way it trump, 50/50 idea was interesting. i have been thinking that model for chinese startups operating in the us. in terms of that, i understand why that is good for him or bike dance but i don't see how the law allows for that. congress was clear in their attack, the supreme court was clear that what congress said is what the law is. trump had the power to do a 70

dive day extension but i don't see where that allows for bike dance to maintain control of company operating system. julie: taylor: they repeatedly said we are the only investors with money in the supreme court order. a few days ago we heard names like elon musk and larry ellison. you know silicon valley. do these deals look better than the other? >> they are all viable buyers. if i were the ftc the other thing to think about is if it is elon, he owns twitter, do you want the same person to own twitter and tiktok? that is reasonable concern. ellison is more powerful in that way because oracle does a lot of things. amazon and walmart get thrown

out. they don't have market concentration already in the social media space was i am sure mark zuckerberg would like to buy it but i can't imagine a world where it would be good for the american consumer for the same comedy to own tiktok and instagram. trace: taylor: you shut down tiktok in the us and eventually you will lose those users, they go to another competitor. at what point does the valuation look less than what you thought it was because tiktok, the longer it shut off, the more people leave? how do you value this thing? >> it would have to be meaningful time. tiktok has a lot of brand equity. users like the product. so users are definitely fickle.

i think we are talking 60 days, 90 days. if it were a year, absolutely. taylor: china is a wildcard. what if they say we are not selling? >> i was anticipating a broader negotiation with the us involving taiwan, tariffs, trade and all kinds of other stuff, bigger than tiktok. i am going to reserve this as a bargaining chip that i can offer donald trump in the us that they might want and let me hold it back for now. whether the shell prices $50 billion, $100 billion none of that is meaningful. taylor: i want to broaden your expertise which is silicon valley blazing money. we heard saudi arabia wants to

pool in the $600 billion here. we talk about $5 billion infrastructure deal from softbank, oracle, sam altman on x totally changed his mind on trump, trump is great for business. what do you make of a massive turnaround from silicon valley? >> how do you define silicon valley? tech startups on the ground, you shall bully a couple million dollars in revenue so those types of companies aren't impacted, big tech is doing pretty well based on the algorithms it had. the question is what will be beneficial in the early stage, the market opening up overall. these are a huge hindrance to

growth the last couple years. what is the freeze on and mandate at the ftc. the second is the ipo market which is stalled. well over a thousand tech startups that are ready to go with an ipo. of those can be let loose and m&a deals are coming back in fashion that is ultimately how the vast majority of tech companies have exits and the more exits there are the more capital there are to institutional investors so they can keep deploying more capital into companies and i expect 1/3 of my deals to go to 0 but when there is a constant flow of capital i keep making more bets when there is no exits and no liquidity everything dries up, and 3 or 4 deals a year, 6 or 7

startups, might have had successful business. it is important, the overall trade stuff donald trump talks about. taylor: we have breaking news. donald trump signing just now an executive order on crypto currency at the white house just moments ago. the executive order establishes the presidential working group on digital asset markets to strengthen us leadership in digital finance, the working group will be tasked with developing a federal regulatory framework governing digital assets including stabled coin and evaluating the creation of a strategic digital asset stockpile. david tax, you know him as the crypto czar will chair the new committee which will also include the secretary of the

treasury, chairman of the securities and exchange commission and heads of other relevant departments and agencies. we want you to stay tuned for that. we were waiting to hear the role of david sachs. what do you make of this? >> i heard that out loud. sounds like what we need. the complaint from the crypto world, we are part of that, wouldn't make any decisions at all, wouldn't decide what the rules were or tell people, not how of a rule of law works. you can say some things are legal or illegal. the crypto industry needs regulation. from bad actors in this space. having a legitimate crypto

bassists requires people knowing this i can trust and this i cannot. anyone who is a real business player in the crypto world isn't against regulation but it is regulation that is sensible and that you know what it is to comply with that not risk going to jail, first time in four years the sec and the federal government said here is something smart and sensible. we have to see what the task force comes up with but is this the right first step? absolutely. taylor: is this what the market was waiting for? >> i don't know. i don't think the market necessarily needed this, bitcoin getting up to 109 but -- one hundred 5. i don't think requires of this. and interesting question, a larger view of the world. you think these existential risks we are facing around

nuclear, ar, climate are truly scary you might want to have a strategic crypto stockpile. if you don't think that will come to pass, you to think we don't need it. taylor: we appreciate your time with us. breaking news on the fly. we want to bring some other headlines we are getting from these executive orders. the president, john hancock on executive orders ranging from ai that we just talked about to the declassification of files related to the jfk assassination. he made some news by saying he will appeal the judge's ruling on birthright citizenship. no rest for the weary, all these wildfires spring to life in los angeles prompting more evacuation orders. live report on the devastation of all these local businesses have suffered. we will take a look at how the

real estate market handles the destruction of billions of dollars of inventory. the agency found her joins us in studio on fox business. we will be right back.

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>> firefighters north of the cues fire which exposed yesterday quickly burning 10,000 acres enforcing the temporary closure of part of interstate 5. the progress of a smaller brush brushfire which broke out wednesday near interstate 405 also a huge problem in the state. warm, dry weather is expected on thursday, another round of santa anna wents speaking at 9:00 am and cooler conditions

friday and the weekend. showers starting monday morning which could reduce the fire threat. i'm pleased to say we can go to max gordon in santa monica. you are looking at these small business impact of these fires. >> reporter: absolutely. the fires have been a devastating time for us in southern california. the last 24 hours we've seen several fires pop up, the hughes fire being the largest at 10,000 acres, tens of thousands evacuated. firefighters are getting a handle on that. now, at 14% containment and back here in the la area, palisades and eden fires are out at this point, impact on businesses. taylor: massive breaking news, we have breaking news, donald trump signing a slew of executive orders at the white

house moments ago. let's listen in. >> that should take us to the forefront. >> absolutely. >> okay. thank you. this, david, is. >> the crypto, forming internal working group to make america the world cup on crypto leadership. >> really going up. >> that's right. >> that is for you. if you find that exciting, make a lot of money for the country.

so is david. you have to check him out. there is nobody like this guy. how did you get david sachs, how did you do that, he was doing it for the country more than anything else. appreciate it. >> exec of order establishing presidential commission and advisory commission on science and technology. >> explained that a little bit. >> get together for the private sector, technology industry as well as educational institutions to make sure america maintains its leadership position with respect to science and technology development.

next, a presidential memorial and him encouraging agencies including the department of the interior to promote federal recognition of the lumbee tribe of north carolina. taylor: a slew of executive orders, the big news for me as he had david sachs, ai and crypto czar next to him, told the president you are signing this to make the us the crypto capital of the world. we will continue to bring breaking news on ai and crypto. i want to go back to the devastation in california. the state attorney general cracking down on price gouging. california's ag filed charges against a local real estate agent who allegedly increased the price of a rental by 38%

after the application was sent in. california law prohibits raising the price of an item by 10% of its price before a state or local declaration of emergency. what does one of la's if not the top real estate agent, state developer, joining us, the agency founder and ceo, great to have you here, wish it was better circumstances but you are a co-founder of the american real estate association. talk about these allegations and price gouging you may not be hearing about. >> we should not be price gouging. with all the agents, when these things started to happen we made sure we were aware of the laws and rules we have to follow and the price gouging was not allowed. we have been educating our landlords and owners to understand we cannot raise the

price by more than 10% and we have a mandate at our company where if anybody does want to do that we are not going to work with them. taylor: what is the state of real estate in la? >> extreme the difficult. there are 10, 20 applicants right now. what happens, 9 get rejected and these people are sad, they lost everything and go to the next house and get rejected again and the next house and get rejected again and it is a really bad position to be in and very sad. taylor: a colleague of yours, jason oppenheimer, we had him on a few weeks ago and he made an interesting comment about a lot of deals potentially falling out of escrow. and the house still standing good.

where has the dealmaking been for you? >> the homes under contract are staying in escrow and the reason is there's a feeling there will be an over demand right now for homes and therefore, i'm not taking the risk of staying in and that exists having said that there is a moratorium on insurance policies. if you get a mortgage you have to have fire insurance. that is a mandate. for right now we will see probably slow down of sweet cash in terms of buying homes. the rental market is bananas. everybody is chasing that. we are seeing clients go to places like beverly hills, west hollywood, santa monica, manhattan beach, north to santa barbara and a lot of people are leaving the city, leaving the state to be honest with you.

taylor: what are the biggest questions you are getting from clients right now? is it an insurance question? a price question? clients call you at are so desperate, they lost to their home, what is the question they come to you with? >> the immediate need is housing? how can you help me put a roof over my head? they are asking us as agents, we are first responders, victims need a place to live. hotels, condos, working tirelessly to get them in place. next question is how do i start rebuilding, can you help me get into a school? taylor: honestly, realistically we are lucky if we rebuild in five to seven years because of all regulation and red tape and california is trying to reduce some of that but what does a realistic rebuilding time i look like? >> first is cleanup.

let's get the dirt ready for cleanup. we have a lot of questions, deal with the insurance companies, the mortgage companies. a lot of these things have mortgages or enough insurance to rebuild the house but assume all of that happens, we are looking at a minimum of 12 to 18 months of cleanup. from their, looking at two or three years of construction at a minimum. we are looking at a five year plan to start seeing this rebuild. taylor: do you see the developers you work with a difference in the material, concrete instead of what if i'm worried about the future of california? >> we need to worry about that and we need to look at fire retention and all of that but we need to look at preventing future damage to other places, not let this be one of the things we don't learn it

happens again so retrofitting homes. in california you have to retrofit a house every time it sells for earthquake shut off valves so now let's figure out what the next thing is so we are retrofitting a house to avoid this type of disaster. taylor: we appreciate your time with the breaking news. we are grateful for your presence. we wish you the best to. we are going to be right back, stay with us. with the money i saved i thought i'd get a wax figure of myself. oh! right in the temporal lobe! beat it, punks! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

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taylor: tesla ceo elon musk hoping the save a pretty penny as he seeks the cut $2 trillion from spending in the u.s. budget. lydia hu is here with more and i guess i was surprised it was copper. >> reporter: yeah. it's actually a little bit copper. it's mostly zinc, and that's why the cost of making these pennies has gone up so much. but first, here's my prop. how many pennys do you think are in here? and it's not the same answer as on "varney." >> i didn't.

200? >> no, it's much more, 550. i think that that means it's worth 5.50, but here's the kicker. the make this many pennies is more than $20 the because it costs for one penny three of and a half cents -- taylor: so with inflation, why can't we just get rid of the penny and go to the nickel? >> >> reporter: that's the argument. the concern had been that if we push to the nickel, rounding all of our transactions made in cash to the nearest 5-cent increment, are you taking that money away from folks? i would say that argument a back in 2012, the last time we really revisited getting rid of the penny, maybe that made a lot of cents. it was too expensive. now with inflation, to your point, taylor, maybe it's time the really think about that. a. taylor: well, lydia, what do we say? a pretty penny -- a penny for your thoughts. [laughter] 550 pen gnus for lydia's -- pennies for lydia's thoughts.

>> you got it. a. taylor: we heard president trump talking about interest rates in the oval office after he signed an executive order on crypto. the first fed if meeting of the year kicks off on tuesday. joining us now, tom hayes the count us down to the closing bell. tom, we love having you. what can do you make of some of the interest rate conversations we've been having particularly as we gear up for the big fed? >> well, you heard donald trump this horn toking from davos, and thanks for having me -- this morning from davos saying he wants debt refinancing.tes we know debt interest payments are have gone from under half a trillion to now more than a trillion, so he's going the continue to put pressure, he's going to continue to cut costs with the doge program so that the market has confidence we're being fiscally responsible and the market will take care of interest rates over time. taylor: i love filling in for liz claman, because the last time i was on with you you talked about the last in is

going to be the first out when you think about the performers in this market. are you starting the see that play out? >> yeah, there's no question. and i enjoyed being on with you a couple weeks ago. i said the last shall be first, and what are we seeing today? materials, health care, industrials start to the outperform. and the reason is simple, business-friendly environments, cut taxes, great environment for these type of businesses moving forward. and price is what you pay, value is what you get. so we came into the year with the mag 7 having decelerating earnings growth. for a high multiple, decelerating to 21 earnings growth for 33 times versus the rest of the market at a much lower multiple, and money is finding its way into the great value there. taylor: i know. we only have 30 seconds left. i'm looking at boeing on your list, it takes a lot of crossing your fingers to bet on boeing right now or you're happy? >> the big thing with turn-arounds, the key is

solvency risks. they still have a due won ally, they till have half a trillion back lock, so we like boeing -- backlog. and trump has said he wants the rest of the world spending massively on defense spending. boeing is going to be a beneficiary. we like that story continuing. taylor: okay. thomas hayes, thank you so much. a penny for your thoughts as well. we're firmly in record territory. the s&p 500 closing at an all-time high. it is the first record of 20 the that the -- 2025. the nasdaq also just turning positive in the last hour so tech, again, leading the way. that's it for "claman." "kudlow" is next. larry: hello, folks, welcome to "kudlow," i'm a larry kudlow. deportation rates across the country, meanwhile -- raids across the country, mean meanwhile president trump laying out his economic prosper ity man. dei is dead and, i'm sorry