families rather than against them. what does that mean? >> children do better when schools and families are in partnership. and when i learn that my kid is learning about world war ii, we'll have german food, we'll watch a movie. but if i get an e-mail that says they learned ability the '60s, what part? was it the weather underground or the beatles? why are you hadding -- holding us at arm's length? charles: we've only got 20 seconds to to go. how hopeful are you that we can turn this around? >> i'm really hopeful. this is finally a vindication that parents' concerns actually were valid. we were gaslit by schools for years and years, told we got this, we're teaching your kids. we've been betrayed, and think it's time the right the ship. charles: thank you so much. let us know how it goes at the house next week. liz, over to you. liz: thank you, charles: the national transportation safety board is holding a briefing on

last night's deadly collision. ntsb chairwoman jennifer homendy just said all government agencies are working together. they will -- and this is important -- they will have an initial report in 30 days and will leave, quote, no stone unturned as they hunt for the cause. there's a lot more coming from if this live event. we're about to take you live to reagan national airport for the very latest. in the meantime, let's get a check of the markets a day after the federal reserve left interest rates unchanged. the markets have definitely changed, they are moving higher. the dow is jones industrials up 268 points, good for two-thirds of a percent. s&p gaining 38. nasdaq up 83. the russell 2000 up 34. that's the biggest percentage winner here, up.5% -- 1.5% for the small and mid caps. apple earnings on deck after the bell. let's take a look at shares, they are slightly hire, quarter

of a percent at the moment. did the ruleout of -- rollout of apple intelligence drive iphone sales? we're going to get you the expected numbers coming up. also in the wake of last night's double beat on fourth quarter earning, meta's revenue soared to a record, so too the stock which earlier topped $700 for the first time ever. in fact, it went to $710. right now it's still up the 2% but off the highs at $687 a share. ibm zipping to an all-time hay, nice gain of 11.6% to $255. big blue also had a top and bottom line beat, but wait til we tell you how its genre ty a. a a.i -- generative a.i. consulting busied. and ups getting badly bruised. it's down 14.6%. that's a 4-year low, the biggest drag on the s&p. we're going to tell you why. there is an amazon component to the beatdown that you're seeing for the delivery package if business. but first, back to the deadly

crash last night over the frigid waters of the potomac river. it had -- happened around 9 p.m. eastern time. all 64 lives of those onboard american eagle flight 5342 and those of the three soldiers aboard the helicopter are presumed dead. so far 28 bodies have been recovered. the plane's fuselage was found upside down in waist-deep water in three different sections. the helicopter wreckage has also been located. while the investigation is in the early stages and no official cause has yet been given, president trump citing air traffic controllers and the helicopter pilot. he's begun postulating who might be to blame where. in the meantime, let's get the latest from grady trimble at reagan national airport in arlington, virginia, where the heavily-trafficked airport reopened a short time ago after a 14-hour halt. >> reporter: i actually was on one of the flights coming in this morning. it felt very normal in the

secure area, but on this side anything but normal as the ntsb provides a briefing right now. what they've said so far is that they're not going to get into the specific facts of what happened right now, but we'll get into their investigative process, what they plan to do in the coming days, weeks, even months as they investigate this deadly crash. they also said that they will be briefing the families of the vix later today, some of -- victims, some of whom are still arriving into d.c. after this horrific tragedy. they said that they also have been briefed with president trump and vice president vance this afternoon and that ntsb officials have been regularly communicating with secretary the of transportation sean duffy. but as you noted, as of right now officials say the worst has happened which is that all 67 people, passenger, crew and soldiers in these two aircraft, are dead. both the american eagle fright and the black hawk helicopter -- flight -- were on normal flight

paths according to transportation secretary sean duffy. clearly, though, there was some sort of communication breakdown. they were flying around the same altitude and then, of course, at the exact same altitude when that collision took place. the helicopter was told by air a traffic controllers to wait for the plane to land, and then it moved into that flight path. is so perhaps it confused the plane that it did end up colliding with, with another plane when air traffic control was saying that. as for who's the blame, you noted that president trump is already casting as a persians. he says that -- can aspersions. he says part of the responsibility falls on the helicopter pilot as well as dei hiring practices within the biden administration as it relates to air traffic controllers. >> there are things where you have to go by brain power, you have to go by psychological quality and psychological quality is a very important element of it.

certainly, for an air traffic controller, we want the brightest, the smartest, the sharpest. we want somebody that's psychologically superior. >> reporter: former transportation secretary pete buttigieg is firing back, calling president trump's comments a disgrace. he says we put safety first, drove down close calls, grew air traffic control and had zero commercial if airline crash fatalities out of millions of flights on our watch. the american airlines' ceo says the american eagle pilot had six years of experience, co-pilot had two years in the cockpit. he says american working with victims' families for travel arrangements and to provide any if help that they can. >> [inaudible] as our passengers and their families need assistance, we're doing everything we can. i don't have any more information -- [inaudible] >> reporter: and there's also a report just out in "the new york times," liz, that says air traffic control staffing levels

here at reagan were not at normal levels when the crash happened around 9:00 last night. they say one air traffic controller was communicating with both helicopters and commercial flights that were coming in to reagan and leaving reagan. traditionally, that's a taken care of by two air traffic controllers. as you know, liz, there there has been a huge shortage of these workers for the past several years, something that the previous administration said they were addressing and something that the current administration including transportation secretary sean duffy said the trump administration is going to work to address. for now, the invest is in the very early stages as this is the first full day that the f -- ntsb has been on the ground able to see the wreckage and investigate this horrific crash. liz: and this picture live from arlington, virginia, and the potomac river where you can see the far of right of the screen looks like a piece of some

art -- part of the american eagle jet. we do want to let everybody know that a former u.s. air force navigator and aviation attorney, he's going to join us coming up. i'd be very interested to hear what he thinks he sees in that video that was captured last night of the actual crash. all right, much more on that coming up. in the meantime, to the markets ahead, we do have a nice move to the upside here. good enough, certainly, compared to yesterday when the whole world was trying to figure out exactly what they should think of the federal reserve and their move to leave rates unchanged. as you see right now, the dow jones industrials up 2799 points. let me show -- 379. -- 2799. with about, let's see, 53 minutes left to trade, big blue is firmly clutching the blue ribbon. often considered an older, lumbering tech giant, ibm is blasting to an all-time high. the 11% pop here, nearly 12,

comes on the heels of an earnings and and revenue beat. but i just spoke ceo arvind krishna who pointed to the huge, jump, gen-a.i. consulting book of business which includes bookings committed for future revenue, from conception to the third quarter was $3 billion. from conception to the fourth quarter, he told me, they are now at $5 billion. and so, of course, the logical question, how about the current quarter? he wouldn't venture to give me a number, but he said it will be $5 billion mrs. . so better than what they just reported. we're going to have more with the ceo of servicenow, bill mcdermott. they have really strong quarterly numbers, but the stock is diving on something the company has said about the change in the administrationat the white house. so we're going to ask him about that. enter all right, weave -- we've got to look at the tesla. the ev maker missed on both the top and bottom line with auto

revenue falling 8%. so in the morning after the opening bell, shares dove. but right now you can see they've not only recovered all the losses -- losses, they are adding another 4.5% to the price of $405.63. and then we've got, as i said, apple earnings on deck, meta and microsoft reported last night. let's bring in a tech expert and tesla critic, ross gerber. but you've invested in tesla as well. let's just start with sort of the overall umbrella picture of the reports we've gotten so far in big tech and the ones coming up after the bell including apple and intel. how do you feel about the tech sector which did so well last year and might be just faltering a tiny bit here, ross? >> i think that's mostly a valuation issue more than actual performance issue. tesla aside because earnings are going down, not up, but the rest of the a mag 7 have reported really good numbers. you have an opportunity with microsoft if today pulling back pretty hard on what i thought

was pretty strong numbers. so, you know, across the board like, you know, big blue, all-time highs? i mean, it's hard to believe. [laughter] liz: i know. >> -- the success that companies having with a.i. and, of course, ibm, it makes a lot of sense. it's kind of one of their things. this is a great time for technology companies but, of course, the valuation valuations already sort of take that into account, and that's why we'll see pullbacks like we've seen today. liz: so you're a buyer of microsoft, it's down 6%, arguably on disdown. a pe of 33 which is actually kind of calm and sweet compared to system of the other concern some of the other high flying names. >> exactly. you see it with nvidia, with microsoft if with valuations coming down, nvidia trading at less than 30 times forward earnings. and so, you know, this is a normal part of a bull market. what i was telling our team this morning, you know, you can't have a bull market that only goes straight the up. the volatility is part of high valuations, but the fundamentals

behind the market are strong. even with the fed pausing, that actually gives them lots of offal ammunition they can use in the future if the economy gets weaker. so, you know, with a pro-business environment in the government where it's hard not to be bullish. liz: yeah. and especially considering when you hear what meta has done and you hear what ceo mark zuckerberg said last night. i mean, meta has just gone nuts. hay did incredibly well. they topped $700 earlier today. never done that before, per share. so as you look at the crucial components of building out a.i., they're using broadcom chips. broadcom's going crazy because meta has used hundreds and hundreds of these broadcom chips to build out their a.i. training and infrastructure. so there are many sort of extended plays here, aren't there? >> yeah. and is we own broadcom as well in e my fund, gk. it's a top holding for us as well. they make much more specialized chips based off what, you know,

those companies want. tesla was one of those companies early on originally using invid cra chips, but then wanting more specific things out of their chips, so they developed their own. and that's what we're seeing with broadcom and some of the other players. but once again, we're replacing the entire ecosystem of data centers over the next decade. so, you know, tease chip companies are benefit greatly over the long term, and that's in the valuations, and so investors just have to be patient. the numbers are backing up, you know, the investments. and i think over time a.i.'s going to be a much, much better experience for people as time goes on. liz: i've got to ask you about a nvidia because week to date it is down 14%. somebody in the elevator said to me, time to sell, liz? and, of course, you know, i mean, we don't give that kind of advice. but i look at nvidia, the orders that are still coming in for that company, and they are still arguably best in class, how do

you view a name like this? >> well, the good news for me is i've been an nvidia investor for over a decade -- liz: wow. >> for me, i'm not selling my stock no matter what, you know? if it doesn't matter. you have to own this company over the next decade if you want to really be in the main winner of a.i. because it's a lot more than chips. it's also the software and the infrastructure that's being built with other players with nvidia. and so when you actually look ay of these positions, there are core players that will be the pillars of what a.i.'s built on, and nvidia's definitely one of them. it's just got to be a holding in your portfolio if you're a long-term investor. so this is an opportunity for people looking at the valuation of nvidia and say, hey, you know, maybe now it's time to get in. it's certainly not the time to sell. liz: yeah. that's called just panicking, in a way.

really quick, tesla and apple. tesla came out with numbers yesterday. they were a little noisy here, but elon musk said on the conference call yesterday he's going full self-driving. he's been flogging that for a long sometime, but now it really appears like it's coming to fruition. how do you view this company now? >> well, i view this company as i tried using full self-driving the other night to get me home, and it couldn't do it safely. he's been saying this for so long, i can't even remember when he didn't say this. i don't actually believe it. i use full self-driving every day. it is not a, you know, it's a driver assist system, it is not a level 5 autonomous system. waymos are zooming by me left and right with no drivers -- liz: yeah, they're ahead. >> i think tesla has a hardware problem if they want to compete. liz: it's great to see you and really -- are you a buyer of apple in yes or no, and then we've got to run. >> no, i'm a holder for the

wrong term, but i'm not -- long term. liz: ross, good to see you. ibm, they've been around forever, her looking young and spry here at the top of the dow after hitting an all-time high on earnings beat. apple earnings are on deck after the bell. i've got a question for you, why would any company intentionally slash by half the business it can does with its largest customer? ups says it's got a very good reason to have done that, but investors aren't sticking around to hear it. we'll show you what's happening to the package delivery giant's shares. traders are, however, willing to take a gamble on las vegas sands stock. find out why. and later, the ceos of of course low and nuclear-fueled company light bridge are here in an exclusive. ♪

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liz: fox business alert, ups is slicing off half the business it does with amazon, and that is shredding the stock to ribbons here. shares of the delivery company are cratering at the moment, down 14.25%, on pace for their worst won one-day percentage decline in company history. let's be very clear, the move ups' decision. the ceo says while amazon is its large customer, it's par from the most profitable. its amazon busy lutes margins because amazon strikes a tough deal, so she is to endorse short-term pain for longer term gain. trying to diminish the amount of business it leans on for amazon. the plan to phase out more than half of its business with the big e-commerce giant will take place over the next 18 months and means ups will see a revenue decline for the current quarter. las vegas sands though is hitting the jackpot, shares up

11.5% even after the casino and resort company missed earnings expectations for the fourth quarter. las vegas sands is having its best one-day performance in the more than two years as a investors remain optimistic about a recovery in its maca a u business, the chinese gambling mecca that's been hurt by the slowing china economy. investors also liked the earnings beat in its singapore location, and it doesn't hurt hat company announced a $450 million stock buyback. a $15 billion share buyback is not doing anything for comcast. shares are on track for the largest percent decrease since october of 2008. down 12 at the moment. after the cable and entertainment company saw larger than expected broadband losses of 139,000 subscribers. the losses were attributed to hurricanes as well as competition and overshadowed the success of movies and the revenue from them like wicked, despicable me 4 and also they

announced a huge jump in their peacock streaming business. forget 007, james bond probably cannot help run your business, but servicenow can put a.i. agents in every corner of it. ceo bill mcdermott is here next with his view on the artificial intelligence revolution pollution and how -- revolution and how it's the upending new work and how work gets done at businesses across america. dow jones industrials up 274 points. we're coming right back. ♪ ♪ don't play for money. my ambition is to play big—to help and inspire others. that's why i joined sofi. they help people earn more and save more, so they can realize their ambitions. sofi. get your money right.

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liz: folks, we're getting this breaking news, the company that's led the chat bot revolution may not be public, but the "wall street journal" is putting a number on what the valuation of openai might be now. the creator of chatgpt is in early stage talks for a huge investment round of up to $40 billion. that would raise the chatgpt maker's valuation to $340 billion. the journal is also reporting that softbank would lead this investment and is in discussions to commit between $15-25 billion. softbank is getting a gain right now of 3%. openai, by the way, was last valued at just -- just -- $157 billion in october of last year after it raised $6.6 billion. so it's just exploit moding her.

round would help sam altman and company fulfill their $18 billion commitment the stargate, the joint venture that was just announced with softbank, oracle and the trump white house to ramp up a.i. data center construction and spending here in the u.s. while openai's valuation skyrockets, servicenow is slipping a bit here. we've got shares moving lore. the cloud company is near the bottom of the s&p 500 despite a fourth quarter earnings beat. subscription revenue actually soared 21% year-over-year to 2.87 billion. it's the software platform's full-year guidance that's spooking investors a bit. servicenow said it expects fiscal 2025 the revenue to come in at $12.68 billion at the top end. that's actually below the street's $12.87 billion estimate. the software company has a hot a.i. business and is a major vendor for uncle sam. it's got a $482 million contract with the u.s. army but warned there's uncertainty around its

deals with the government due to a, quote, change in presidential administration that has plans to cut the federal budget. so let's get the story straight from the horse's mouth, live is the chairman and ceo, bill mcdermott. bill, was that one line about a doge and the fact that president trump has tasked elon musk with helming the department of government efficiency by taking the machete to spending? what do you base that on? >> no. of we're really excited about president trump and the trump administration and especially doge because the american citizens deserve a government that's run efficiently and effectively, and it serves them better. we have an enormous footprint in the federal, state and local government in the usa, and one of the reasons for that, liz, is they're dealing with a half a century of complexity. lots of legacy system ises, they're not well integrated, you can't really measure and manage how well those projects have or

haven't gone, and most of them take multiple years so why the time they're implements, they're already outdated. with servicenow you get gorgeous user experience, it's all a a.i.-enabled and everybody that comes back to the office will be, like, wow, i get to use servicenow. and the truth is our business is unbelievable in the federal government. in fact, we grew more than 40% year-over-year in fourth quarter alone. we have now over a thousand a.i. customers, a lot of them are government entities. and what we find is the deals that we do are even bigger. so our deals are getting bigger, and we're getting more of them. and let's just talk about the guide. at the end of the day, the only difference between watt capital markets -- what the capital markets was hoping for and what we gave them is a strong u.s. dollar. that's the delta between what we gave and what people wanted. [laughter] so this is a pretty good entry point.

liz: it sounds like doge, as you see it, would be beneficial to servicenow because you're a more modern company that's offering exactly what would cut spending. but why aren't investors interpreting it that way? is the stock is down 11%. i look at your business. you saw your a.i. tools grow 150% -- >> totally. liz: but for some reason there's a disconnect here. >> yeah. 150% quarter over quarter which is pretty much if unheard of, and we are the fastest growing enterprise software company of all time. of there's only one little thing, and sometimes that one little thing gets picked up on and misinterpreted where we said based upon the new administration and the great leadership that's going on in washington, we'll have to see on the timing of the deals and when they close. not that we're not going to get them. liz: i see. >> which is why i want to clear that up. and i'm glad i'm on your show, and it's a perfect time because the markets close in about half an hour. so i think once the people that

do these things listen to oppenheimer, citi, wolf, bernstein, deutsche bank, goldman who have all got raises on servicenow, they'll understand that's a misinterpretation. liz: that's why i said straight from the horse's mouth -- >> yeah. thank you. liz: i think that really clarifies things. the agentic a.i. tools that you offer, can you put that in regular english for our investor audience? because it's better when they understand exactly what what that can do and why it's so profitable for you. >> yeah, absolutely. so let's talk real stuff here. we have been building agentic a.i. for six years. i started doing this with jensen huang in nvidia, my great friend, and we started from the gpu chip and went right to the servicenow platform. it's a gorgeous thing. he calls this the a.i. operating system for the enterprise, and that's how he runs nvidia just as an example. here's what we do.

our a. agents are delivering 20% productivity increases in i.t., in hr, in customer service. and just for our company, can you imagine what it could do for the size of the u.s. government, the biggest employer in the u.s.? we're freeing up already 3 million hours of capacity for our employees. let's talk about customer engagement. think about a.i. agents meeting the customer wherever they're at, whatever chang they're shopping in -- channel they're shopping in. and think about 85% of hose customers being able to do self-service without human intervention and having the selling, the fulfilling and the servicing done on one platform. all driven by a.i. so this is a remember saps. but here's the big thing -- a remember renaissance. the listeners to their show, they're business people, they're winners. we're already taking prospects in a papeline -- pipeline and converting them at a 16x

improvement rate over the current procedures. so this is, like, game-changing stuff. and we are the market leader, we are the first mover in the enterprise. and to have people worried about when the government business is going to come in or if fx headwinds for a couple hundred million bucks for a few year -- full year seems kind of silly. liz: well, yeah. and considering the fact year-over-year you have doubles the performance of the s&p 500 is very impressive. and i just want to let you know, bill, while you were talking, when we started the segment, i mean, it's splitting hairs. the do stock was down 11.43%, right now it's down 11.11, so your audience, at least here, is a powerful one, and i think that it's important to be able to to show how good you have done, how well you have done certainly compared to the s&p. thank you so much for joining us, bill. we'll see you next time. >> thank you for having me, liz. i appreciate it. liz: anytime. we're getting new details, by

the way, as we speak on the crash of the american airlines jet that went down in the potomac river last night with a u.s. army black hawk helicopter. there are no survivors but countless questions on the cause. top aviation attorney and if former air force navigator jim broccoli is here live the tell us what happens next. does the investigation -- as the investigation into the deadly accident gets underway. "claman countdown" is coming back with a very important segment. i hope you'll stick around. ♪

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that he will slap a 25% tariff on canada and mexico. dow just turned negative, so all those gains have been blanked out. the market is not reacting well to this. the nasdaq just turned negative. looks like the s&p might as well. you can see that at the moment not a pretty picture for the markets, and they had been recovering. so that, of course, is very bearish. i don't know if we can quickly look at the 10-year yield which this morning the 10 of year was at 4.49%. it is now at about 4.529. so it is reversing and climbing. it's still down just a fraction of a basis point, but it is moving higher as this new news breaking that donald trump says he will put 25% tariffs on canada the and mexico. we expected because he had said probably by february 1st he would do it, but he just said this in the oval office, so so

he's definitely solidifying that that. what he was doing the oval office a anyway was signing executive orders. the first executive order is a formal commission to appoint the deputy administrator for the faa. the second is a memorandum ordering an immediate assessment of aviation safety and an elevation of, quote, competence over dei, diversity, equity and inclusion. so president trump has said, he's surmised some of the causes of the a plane crash that happened last night between an american eagle yet and an army helicopter. he says he's going to visit with some of the families of the crash k and that'shat we are talking about. you are looking at a live picture of photo mack river where -- poe mow tack -- potomac river. moments ago we got an update from the national transportation safety board on the current state of its investigation into the deadly crash.

listen. if. >> we have not recovered any of the boxes involved yet. we feel comfortable and confident that we will be able to. right now recovery of life is probably the most important. we will probably have more than one black box, so to speak. it's our understanding that sikorsky helicopter is equipped with some or form of recording devices, and those will be read either by the dod or by us. liz: as devastating as the crash is, it has been noted by experts that commercial aviation safety in the united states has been on an unblemished run for 15 straight years. thes last fatal crash of a u.s. commercial airliner was in 2009 near buffalo, new york, when an airplane crashed killing 45 passengers and 2 crew members as well as 1 person on the ground. but that's discounting the troubles american aerospace giant boeing has faced after a

back to back deadly overseas crashes of its 737 max jets back in to 2018 and 2019 that killed 346 people and led to big changes and the grounding of boeing's 737 max fleet. jim broccoli is a former u.s. air force navigator and a top aviation attorney who has represented the families from the boeing max tragedies. we welcome him. jim, you've seen what was caught on tape from a camera that had been afictioned to the kennedy center or -- affixed to the kennedy center. what does it look like to you from this vantage point? >> obviously, you've got two airplanes converging on one another and end up colliding, and the question and the focus of this investigation is going to be how did two airplanes end up in the same air space. liz: and you tell? because -- can you tell in the big light that was coming was the jet, and some people have said it looks like the

helicopter smacked into it from if behind. know it's very hard to judge from just one angle, but what do you see as an expert in. >> sure. if you look at the approaches into this runway at dca on runway 3-3, the commercial jet is flying the approach on the eastern side of the river. and that began about a mile and a half prior to runway. it makes a left-hand turn of about 50 degrees. that's the published approach. and when they make that turn, they're at 490 feet and, obviously, descend down to 0 as they're crossing the river land. and i saw earlier on fox a diagram that apparently had some data that the aircraft, slightly after it made that turn, was at 350 feet. the thing that's unique about this approach is down the river there is an actual published helicopter route. and so these two routes intersect. and the helicopter route was supposed to be at or below 200

feet. well, evenyou have a helicopter at 200 feet and an aircraft that's descending down from 350 feet to 0, you're putting aircraft at about the same altitude in the same air space. and i think that's what happened. liz: you've worked with pilots and engineers on wreckage inspection and fright reconstruction. -- flight reconstruction. by the way, on our screen we have a live picture of the efforts to reclaim pieces of the wreckage. so every little piece of metal probably is crucial, is it not? >> absolutely. so they're going to -- the ntsb and recovery efforts, a lot of times they'll, they hire and contract out with actual professional salvage companies. and they do a very incredible job gathering all the information, all the wreckage, and the ntsb will put it all together and actually try to

recreate the aircraft or at least lay it out so that it looks like it's whole. liz: president trump addressed the nation and talked about what a horrific situation this was. he also took the time to say that while he didn't know what caused the collision, he had some, quote, very strong opinions. he then did suggest, without citing evidence, this is the fault of air traffic controllers who may have been hired because of dei efforts, women, minorities. he then floated that it was a helicopter pilot program. problem. what is the lesson that you as inspectors and investigators have right in the recent hours after an accident like this? >> sure. >>. so the initial rule, the golden rule, the first step in an investigation is not to make any assumptions or not to jump to any if conclusions. finish the main focus is, obviously, trying to do -- save lives. but once we have now turned this

into a recovery mission, it's really gathering evidence, putting all the evidence together, then taking the time to analyze all that evidence before coming up with any type of conclusions or assigning fault. that's why these investigations take a year, a year and a half, sometimes two years before final conclusions are assigned. liz: i want our viewers to know that you were only one of five people ever in the entire air force to simultaneously qualify as a c-141 special ops navigator, a flight examiner, a flight instructor. so, folks, jim knows from what he speaks. that said, how safe is our air travel right now? >> it is safe. i think, you know, you mentioned as the lead-in to the story that u.s. commercial aviation has enjoyed almost, you know, 15

years of safe travel. and so you think of all the flights that are out there and all the planes that are out there in our congested air space flying on the major commercial airlines is still relatively safe. are there things that can be better? obviously. or else we wouldn't be talking today about the tragedy. but all in all, safety is still paramount and is generally very safe. liz: jim, thank you, on a very, very difficult and sad day. we appreciate you coming on with your expertise. >> thanks, liz. thanks for having me. liz: well, monday seems like a long ways away, this past monday. but, remember, that was when deepseek had its a.i. mic drop. it sent shivers through the ecosystem. one chinese chat bot, but one nuclear company that's planning

to power all all that the a.i. data centers isal rallying back at this hour after a new tie-up with a nuclear fuel technology company. the ceos of oklo and light bridge are here in a fox business exclusive next to tell us about their powerful and clean new partnership. stay tuned, we're coming right back. the dow bouncing all over the place. it dipped, it went into red territory, it is now back up by 90 points. ♪ ♪ ♪ unnecessary action hero ♪

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liz: breaking news, moments ago president trump said in the oval office he will put a 25% tariff on both canada and mexico and that he will probably decide tonight whether to impose tariffs on oil coming from canada and mexico. the dow has been all over, same with s&p and just dipped negative a moment ago and recovered and dow up 177 and s&p up 31 and nasdaq up 57. nuclear power developer oklo and lightridge that develops nuclear future for reactors and going to collocate their commercial fuel fabrication facilities saying this partnership could save money, lower the cost of powering ai data centers, and do

it more cleanly. joining me now in a fox business exclusive to hear more about this is oklo ceo jacob dewitt and seth gray. gentlemen, this is timely considering everyone is really focused with what's going on with ai and the cost to drive it. jacob, give me right away what this actual partnership is doing, when we might see this collocation, and what does it mean? >> yeah, thanks for having us. excited to be here. it's a very exciting time with the opportunities around nuclear and number fronts with new reactors and bringing new fuel to today's reactors. yeah, weariness excited at looking at ways to bring what they're doing into some of the facilities and developing some of the sites and looking at taking that there's significant overlap on the technology and there's opportunities both in the near and midterm for when

this could see sort of producing fuel for our reactors as well as light bridge is aiming to produce for powering today's reactors and future operating reactors. liz: seth, let's bring you into this and you create nuclear fuel and it's a lot harder even for -- i don't know if we can do it, recycling nuclear fuel. could this partnership bring great minds together and make that happen? >> yeah, that's what we're aiming to do and at the co-low asian of the facilities -- collocation of facilities and capital expenditure and operating costs to share some key personnel, share key equipment in the facility, cooperate on licensing for the nuclear area and it's the technologies that intersection where this gets very exciting including the reprocessing and recycling, and we're oklo and lightbridge's technology can

come together, utilizing reprocessed materials out of fuels that have been used in reactors and the fuels that will be used in reactors going forward. liz: yeah, i find it absolutely fascinating that we might be on the cusp of something that everybody thought was dead just a decade or two ago; right, jacob. nuclear is so horrible. it's cleaner and emission free and there's a real opportunity here. i've got to ask you because your stock and any stock related to powering ai data scepters tanked on monday but it was because of this entry of this chinese chatbot, deepseek, where everybody said they did it so cheaply. were you spooked at all by this, jacob? >> not really. i thought it was a change to the dynamics of how ai might play out but we're so early in ai technology development.

and also use adoption. we have very little, i think, understanding still about how significant the impacts -- like energy needs and usage will be. but the answer is pretty clear no matter what we see here, it'll be more; right. if we find ways to train these sort of student models, maybe more efficiently in some areas, you're probably going to see more widespread adoption, which will increase and compute loads in different ways. we think a lot about training costs, but use costs of ai from energy perspective are i think in some ways people are seeing higher than what people thought. it's a testament to the power of this. there's a huge amount of upside. liz: great to see you both. please, as this partnership develops, come back. we'd love to hear more about it. markets closed higher ahead of app and will intel earnings. stay tuned for that. we are coming back tomorrow. kudlow is next. larry: hello, folks. welcome to kudlow. i'm larry kudlow. we're opening tonight with