>> well, in fact, you're correct, and that's why the administration has already been outwardly looking at government, looking at the cost. the president put out six main concepts that we would fund -- charles: right. >> -- and those are very important. the american people are behind that also. charles: they -- they really are. congressman, thank you so much. we've got to to bring you back real soon. a lot of exciting things happening there and,s obvious, in the market today, right, liz in. liz: yeah. and as always, charles, we have breaking news. president donald trump signing a memorandum seconds ago on iran to restore, quote, maximum pressure on the rogue nation that sponsors terrorism and is developing it nuclear program. the white house says it is seeking to to cut off any path the country has to obtain a nuclear weapon and to drive its oil exports to zero. he also signed an executive

order withdrawing the u.s. from the united nations human rights council. the president saying funding to the united nations is, quote, disproportionate. we're going to have more details from the white house many moments, but we've got to watch the trajectory of several parts of the market here minute by minute. if you look at the markets intraday and brent crude, so you see at the bottom there first it was kind of hanging out in the red, then it punched into positive territory. brent is the international benchmark for oil. it's slightly lower, so we're mt. seeing an oil move here at all and, in fact, we do have light sweet crude which trades here in the united states down in the aftermarket by merely 1%. we should -- nearly 1%. we should look at the markets overall. the dow jones industrials up 127 points. keep many mind it was down 122 yesterday. s&p up 39. it had lost 45 yesterday, so we haven't quite erased that loss. and then the s&p -- the nasdaq,

rather -- [laughter] down 235 yesterday, up 226 thed today. and we've bot to talk about palantir because it has dual roles in this actual moment in time. it's got key u.s. contracts that enable the military to go after adversaries, providing a chunk of the power surge. shares of the a.i. data of software maker going parabolic, up 23.25% right now. that is an all-time high. it's headed straight to the top of the s&p and the nasdaq after a double earnings beat and full-year guidance that sailed over analyst forecasts. profits soared in the fourth quarter 75% if year-over-year. revenues climbed 36% while the u.s. government, also known as the foundry division, those sales muscled up 45% year over year. here's the kicker, its commercial business, non- military, non-government spiked 64%. ceo alex karp citing palantir's best in class d -- a.i.

offerings said on the conference call, quote, welcome to our revolution. what, no to doubt, has investors thrilled is the sizzling enterprise business. in the past they were heavy on government contracts, but last month if on "the claman countdown," karp hinted the naysayers would be very wrong. listen. >> i mean, look, the u.s., our u.s. position grew 44% last quarter. 44. with a latent, basic nonexistent sales force, with me as ament front man offending half of america -- actually, the other half loves us. the people that believe in truth, justice, meritocracy and having a border. and, but sticking to our guns. and we've stuck to our guns, and the most important part of our business, that's commercial, you seemed to know it early, one of the few people who invited me on when i was a pariah. which was about a 18 years of our 20 the-year existence. yeah, look, you know, things are good at palantir.

we said, we've said that, you know, the world is moving to software first, which no one believed. we said the way to build products is the way we did it, which no one believed. liz: well, people are believing palantir. it is spiking pretty dramatically. but if you look at the headlines about a iran, what's going on in the global area here, from the if look of gold prices, investors appear to believe president trump's new sanctions on iran require the safe haven have a bigger place in their portfolio. gold is a traditional safe haven. it's had a wild 48 hours here. you can look at this 22- day chart. -- 2-day chart. it spiked yesterday on the tariff discussion. right now it's up about half a percent to $2,873, an all-time record. coming up, the former u.s. ambassador to the united king come, wood key johnson, is here in -- woody johnson, is here in a fox business with exclusive. back in 2018 during president trump's first term, johnson urged the united kingdom to side with trump in jettisoning the

iran nuclear deal. we're going to hear what he has to say about these breaking developments and and how the west should interpret and see them. in the meantime, just day after the markets suffered wild joy rayings during the mexico, canada-trump tariff negotiation- which ended in the granting of a to 30-day pause to both countries, china announced retaliatory tariffs from over the weekend. some of the most widely-held names including pinduoduo, ten item sent are powering higher -- tencent, that could be due to the softer hand it appears china used in its latest salvo. with all these diplomatic headlines swirling, let's take it live the edward lawrence at the white house for the very latest. i don't know where to start, edward -- >> reporter: exactly. on iran, president trump just said in the oval office, we cannot have iran have a nuclear weapon. in about an hour, benjamin

netanyahu, prime minister of israel, will be here meeting the president. they're going to the talk about the hostages that are is still left in the custody of hamas as well as talking about the ceasefire and will it hold, as well as to see if they can rebuild or how to rebuild the gaza strip. as that is happening, the white house to is working to try and figure out how to get a phone call between president xi and president donald trump. they want the get them on the pone there. they believe that they had -- phone there, they believe they had something possibly set babe a for tomorrow, we have the wait and see. now, this is the white house trying to get, you know, ahead of what china is doing. right now all a goods from china are under a 10% tariff. the revenue from those goods going straight to the treasury general fund. in the year 2019, the first trump administration brought in $79 billion in tariffs. president trump imposed largely on china. this year the president expects to bring in even more revenue from a 10% tariff across the board on all china goods. >> we'll have some good meetings with china. we have meetings planned.

we'll see what happens. but that was just an opening salvo. if we can't make a deal with china, then the tariffs will be very, very substantial. >> reporter: china has retaliation tariffs set for next week, 15% on u.s. coal and lick question tied natural gas -- liquefied natural gas. there'll be an anti trust investigation in china into google and export controls on rare earth minerals. even export-sensitive stocks like caterpillar and john deere which could be affected by retaliation tariffs seem to be unfazed if you look at their prices now. they're actually up almost a half a percent, percent and a half, look at that. that's because china drastically restricts american products getting imported there. china controls around 60% of the world's rare earth minerals,

process is nearly 90 of it. you see the minerals, that's the big one here. everything from electronics to pharmaceuticals, semiconductors. the white house turning its focus to china after putting the potential economic conflict with mexico and canada on the sidelines for a month. both countries adding 10,000 troops along the border to stop fentanyl and illegal crossing. back here to the white house, benjamin netanyahu will be here. he's also a talking about, the president, the latest executive orders he signed trying to restrict maximum pressure on iran to make sure they do not get a nuclear weapon. and that is going to be as we speak. he's going, making a lot of news on this. [laughter] we're going to have to check to see what else is happening, liz. liz: well done. well done -- [laughter] we hit near wily four corners of the earth. [laughter] thank you very much, edward. one thing edward, because he was so jam packed, didn't bring up pvh, the parent company of sal

vin kline, tommy hilfiger, kenneth if cole new york. it's, obviously, a retail company. it is getting hit more in a pronounced way, down about 1.6%. china, oddly, picked that one company to basically slap tariffs on. is so it's pretty interesting. they were targeted, but it was with a softer touch. we should dig into china's google ban. its new antitrust probe. yes, china slapping an antitrust probe on google, and the effect on the success? try none. at 11:16 a.m. eastern time, shares hit an all-time high of $20 the 6. they are barely below that right now, 205.68, a gain of 2.25. google's search engine, maybe this is it, it's been banned in china since 2009, so china's threat had neither if bark, nor bite. investors choosing to for example on alphabet earnings about 50 minutes away, anticipating earnings-driven moves, though, are one thing. but with this almost constant

fire hose flow of headlines out of washington, d.c. and globally hitting the tape, is it time for investors to realize they're going to have to do a lot more homework when deciding which stocks to add and subtract from the portfolio? right to the floor show. joining me now, jack ablin and citi head of u.s. equity trading strategies stuart kaiser. let's start there, stuart. what's the strategy when we're talking about all of these headlines whirling past investors' eyes? >> i think what the market's telling you is we're kind of on a merry go round. you're ultimately going to come back around to them, and i think investors, luckily, some of us who have been around for a while went through this back in 2018, 2017, so we're prepared. but it is new to some investors. automarijuanas this week in particular, obviously, canadian companies come urn a lot of pressure from the headlines out of d.c., and in our view, that's going to continue. and i think the market has sniffed that out.

you've not really seen as much recovery in those stocks to your point on china though, it was better than feared, and that's why i think you're seeing a relief rally in that part of market. liz: jack, doesn't it mean now that investors have to do extra studying when it comes to deciding which stocks to pick n? not just how is the revenue looking, but they also on top of that have to look at what exactly might be happening on the diplomatic stage. >> shul. there are a lot of variables -- absolutely. and tariffs in particular drive a wedge between half the ec sr -- sectors. a lot of sectors heavily affect by tariffs. as you mentioned, autos, aerospace, chemicals, energy. but there are a lot of other sectors that are pretty much insulated whether it's communications, utilities, a lot of domestic pharma companies. so it really does require investors to instead of just

taking a passive etf approach to the market, to start drilling into various sectors. liz: okay. but how do you do it, jack? i'm kind of trying to open your mind and your playbook. >> sure. so one is, you knowing or not only are there parts of the market that are since insulated -- insulated, there may be other parts of the market that actually could benefit like a new core. so when you have tariffed imposed on their foreign competitors, it serves as a pricing umbrella for domestic manufacturers that they can raise hair prices too. that drops to the bottom line, nucor. liz: i did check this because a year after the trump steel tariffs, those stocks were mostly done. so there is that risk. stuart, when you're talking to clients, tell me exactly what you are telling them and which areas when you talk about what's insulated -- and jack just

relatively pointed that out -- do you see? >> i think there's two things to focus on. every company is going to tell you exactly how much revenues they get domestically, so that's your top level, you drill down and and try to get to specifics. banks and financials has been a real beneficiary of this. there's a view that deregulation is going to help. banks are very domestically-facing, so that sector, to us, has been extremely resilient. i think that's a, you know, jack's point, a key area of the market has cyclical, domestically-facing, it's largely insulated from air riffs and you also have nice interest rates and regulatory tailwinds behind you. liz: wells fargo, key bank, hsbc, bank of america, everybody looking in the green here, jpmorgan, goldman sachs. you're right, it may be important, as you both point out, to simply hunt and peck for the names that might be dodging all of these issues including earnings, negative surprises. jack, stuart, great to have you both. thank you. >> thank you. liz: cosmetic surgery might be

in order forest today estee lauder's stock, badly in need of a corporate makeover after sinking to the bottom of the s&p 500. we will tell you what happened next. is and later, pfizer needs a shot in the arm a despite reporting solid profit from cost cuts to vaccine sales. we talk to pfizer's ceo, albert borlaug, live about the news from capitol hill regarding rfk jr. today that's neutralizing pfizer's good news. "claman countdown" coming right back. dow jones industrials gaining 148 points. we're watching oil, gold and just about everything else for you, so don't move. ♪ ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management the onboarding, the benefits, time off requests, fixing payroll. it has to stop.

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liz: fox business alert, it is an ugly session for estee lauder

after the company's disappointing fiscal third quarter outlook. the parent of clinique and tom ford beauty expects quarterly, year-over-year revenue to decline between 10-12% and is expanding a restructuring plan that would now involve up to 7,000 job cuts. estee lauder blaming business in asia, citing weakness at retail stores located in airports in south korea while sales trends in china continue to stay weak and, boy, is the stock weak. it's down 16.75%. paypal is having kind of the same problem that maybe pfizer has. i mean, paypal's at the bottom of the nasdaq 100 despite a fourth quarter earnings and revenue beat. the digital payments company reported a slowdown in growth in its card processing business. shares down nearly 13%. and looking at parent company of fox business, fox corporation, hitting a record high for the second day in a row gaining 4.25% to $54.13.

fox announced plans today the launch a direct to consumer subscription streaming business that will include content from fox news and fox sports, can and they will unveil it by the end of 2025. the company also reported strong the earnings boosted by powerful ad revenues. well, that came from the election season, of course, and major sport being events. we should -- sporting events. we should look at other streamers here. netflix and paramount are not getting hurt here, but disney, yeah, a little bit, and warner brothers down. 1.a 5%. comcast, the parent of peacock, up two-thirds of a percent. well, it is the hammer versus the scalpel. trump's tariff diplomacy playing out in realtime for our top three trading partners, canada, mexico and china. so are tariffs coming soon for the next countries on the list? we will ask former u.s. ambassador to the u.k. and new york jets' owner woody johnson if he thinks the european union

and the united kingdom could soon be the next targets. it's a fox business exclusive. and how did a little kid from the suburbs of chicago, illinois, go on to to be what dow jones calls one of the top venture capitalists in the country? after quitting his banking job out of college, carter reum decided to start v, a spirits brand -- yeah, vodka -- and he ended up selling the company for more than seven times revenue. he did not stop there. he went on to found a venture capital firm that that includes disruptive businesses. i had the chance to sit down with carter to learn more about what it's like to be known as one of the gutsiest investors right now in the country and, oh, yeah, his life as paris hilton's husband. [laughter] if wow. if listen to my brand new podcast episode on everyone talks to lizment of it's available on apple, google, spotify, iheart radio, wherever

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cannot happen. president trump also a mentioned that he is open to talking to his iranian counterparts, but he's determined to reduce iranian oil exports to zero. joining us now, former u.s. ambassador to the united kingdom and new york jets' owner woody can johnson. ambassador johnson, this is pretty fascinating here, and it is breaking in realtime. he said he was torn about signing the memo on iran, said it was very tough. hopefully, he said, we won't have to use this. but he was very strong in saying the president must be held accountable, and it's too close to having a nuclear a weapon and, quote, we have the right to block the sale of iranian oil to other nations. you know how his diplomatic mind works. what do you think is going on right now in his head about the future of the middle east? >> well, i think he means it. you know, we've been talking about this issue for a long time

now. jcpoa, you'll remember a few years ago, that was a total failure. and so he doesn't, he doesn't -- when he sees something he doesn't believe in, he end won't sign it. and so he knows what the problem is with nuclear awe power in the hands of the iranians, and he knows what's going on in the mid, particularly what's going on in -- mideast, particularly what's going on with israel and gaza right now, and he wants to the look for solutions. liz: he's also defunding unrwa and the human rights council. it's pretty interesting to see really taking aim at the united nations. but the first trump administration looks extraordinarily prescient, does it not? in that first administration, he blamed iran for fomenting all kinds of instability in the middle east and encouraging terrorism and supporting the funding of terrorism. and look what happened. october 7th, all that came to

roost, it came true in such an ugly and herfying way. so he was -- horrifying way. so he was right. he is now saying there is no choice for palestinians but to leave gaza. he a wants jordan and egypt to take those palestinians. do you think that's realistic? >> i absolutely do. if you go back and look at statements that the president made when he was younger about tariffs, all these issues were brought up 30 and 40 years ago. he saw it , and it's now coming to pass. listen to what he says and look what he's said in the past. it's amazing how much of this stuff has come to pass. liz: well, let us listen to what he said yesterday about tariffs and the european union. he basically said, as we were watching all of this unfold and waiting on the deadline to hit whether tariffs would go into effect against canada, mexico had dodged them by the the

afternoon at least for 30 days, canada eventually dodged the tariffs for 30 days, but he then said as he was in maryland landing from florida that the event i. was probably -- 'em u. was probably next, the united kingdom is also not good when it comes to the trading relationship. that's your bailiwick. what a doesn't he like about the trade deals between the u.k., an ally of ours, and the united states? >> well, about europe first, i mean, we can't sell an american car, you can't sell a ford or a chevy anywhere in europe, so there's a lot of top products that are blocked. and the u.k. is the same thing. you can't selling a churl products in the u.k. agricultural. it's impossible. i worked on a trade agreement when i was the ambassador to the u.k., and if it always comes down to agriculture. and they have the ability the put up blocks. east they say the food doesn't meet this criteria, that

criteria with, essentially that peens they're protecting their -- means they're protecting their a farmlies in -- farmers in a way that he views as a unfair and unfounded, and it totally is. liz: do you foresee president trump shaking a tree with the u.k. and the e.u.? you say believe what he says. >> i would absolutely believe it, yeah. he's been talking about this for quite a while, and a lot of presidents have talked about it but not been willing to do anything. i think this president, the difference is this president knows what his typeline is. he knows -- timeline is. he knows where the problems are, so he's going to shake it up, for sure. liz: these tariff battles are a really understandable when it comes the china, but a lot of people were scratching their heads when it came to canada and, to a lesser extend, mexico. canada has been our very close ally. canada, on d-day, went in with the british and the united

states, bravely. my great uncle was killed in norman ifty in that invasion alongside so many other american soldiers -- normandy. what do you see as the upside for doing a very public argument with the canadians at this point? >> well, i'm sorry about a your uncle, but, you know, you can have disagreements with friends, and that's what's happening in canada. the big thing is the national emergency on the border and fentanyl. finish and so that's how he's describing it with canada and with mexico. so we have to -- they have to stop the illegal immigration and fentanyl if coming in the northern border, that's for sure. and we have -- liz: and fentanyl -- sorry. >> and we have a, an imbalance in trade that's pretty significant. liz: yeah. fentanyl less of an issue, i think, at the northern border as it's been proven. but, okay, i gotta can ask you to put your nfl owner's hat on for a second here --

>> okay. liz: we're just days away from the if super bowl on fox. been a minute since the jets were in the super bowl. i know, like, since the moon landing, but what do you think? [laughter] you have a brand new general manager, you have a brand new coach. what do you think is going to be the key when it comes to getting the jets back to their days of glory? i'm wearing jets' green, by the way. >> see is, i knew you looked really good today. [laughter] you always hook good. -- look good. leadership, everything comes from leadership. including me. i have to be a better other than, i have to do a better job at what i'm doing. but we have aaron glenn who was actually drafted by the hess family who i purchased the team from many 2000. if in 2000. he has the ingredients, i believe that he has the ingredients to do this. he was a first round pick.

he has a conducted himself over the last a 25 years as you couldn't model yourself in a a better way for leadership to assume this very difficult position being the head coach of an nfl team. so he and his general manager will put together the a team that's going to change the face of the jets really in a dramatic way, i think. and that's what's going to happen. and we've got players, we draft the right players in free agency, pick up the right players and put a team together and we're going to be successful. liz: i don't mean to go all a fox sport on you, but does that mean keeping or jettisoning aaron rodgers? i have to ask. [laughter] >> well, that's something -- yeah. a great maker very smart if guy, great to be around, great team leader. that's something the head coach and the general manager and the coaches will have to look at and see, also see what aaron wants

to do. liz: so good to see you, ambassador with, thank you very much for wearing two hats, your diplomatic hat and, of course, the nfl owner's hat. have a great, great week and thank you so much. >> thank you, liz. liz: super bowl lix between the kansas city chiefs and philadelphia eagles kicks off sunday -- not the browns? my cleveland browns? see, woody thinks he has it bad. i'm a browns' fan. the nfl on fox, all the pregame alaska beginning at 1 p.m. eastern on fox and streaming on tubi for the first time for free. check it out. vaccine makers getting smacked after rfk jr. moves closer to getting confirmed for the top health job in the nation. secretary of health and human services. pfizer's ceo, albert borlaug, joins us with his reaction for the first time since the news broked today. "the claman countdown" coming right back. ♪ ♪

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liz: fox business alert, look at the vaccine makers right now. moderna, biontech, novavax, pfizer all recoiling on news the senate finance committee voted narrowly to advance president trump's nomination of robert f. kennedy jr. as secretary of health and human services. finish if pharma giant pfizer's stock, this is an interesting story here because i want you to look at that intraday picture, it was positive earlier in the session after reporting fourth quarter earnings and revenue today that beat wall street estimates. if the company saw a 22% increase in overall revenue and a 12% jump this non-covid product revenue from last year of. pfizer's ceo, albert borlaug, is joining me live now in the first interview since this development with rfk jr. doctor, he's controversial. he has neither a science or medical dream he has said, quote, in vaccine is safe and effective. and yet he is one step closer to the most important health job in

the nation. i need your gut reaction to this as he now goes to the senate floor for possible confirmation. >> thank you very much, and it's great to be with you, liz. i was not surprised. i think think the our prediction was that mr. kennedy would be confirmed. in fact, i met with him long time ago. actually, i met several times with him. but the first time was when the president introduced us, and we discussed. clearly, at the time his views on vaccines were more moderate than what he was stating in the past, but still very far from what we think. however, we focused the discussions on the things that we agree, because on cancer, for example, there are a lot of opportunities that we can do things together. on cardiovascular diseases, there are a lot of things we can do together. so it's more about a focusing on the opportunities than monitoring the risk. now, my last comment is they've

i've heard also senator cassidy today made some very reassuring comments. but things that mr. kennedy promised to do really resolving most of the problem. so is i'm cautiously on the mystic that we can focus on positive thins rather than on the things we disagree. liz: yeah. just for people when don't know, senator kennedy of louisiana is a medical doctor. he is a physician, and he said he, with the caveat, would advance the vote. because he said rfk jr. promised he would protect existing vaccine programs. but what about future vaccine programs in and right now you guys at pfizer are developing a human bird flu if vaccine as i understand it. we have more than 60 cases of bird flu transferred the to humans, one confirmed death. finish doesn't that worry you if that's going to be in question? >> look, one of the things that

president trump is most proud of is the development of the covid vaccine. it happened during the operation warp speed -- liz: yeah, his plan. >> he was president, and he is very vocal about it, but he's really proud if about it. i think that the last thing the trump administration or the american people would like the see, it's another health crisis. so i don't think that the kennedy, that mr. kennedy will do anything to undermine the substance that, if there is a crisis, we will try to -- it, and he will do nothing to hurt the legacy of president trump with9 another health crisis. liz: okay. let's see. we've got to wait and see. in the meantime, we are squarely in the middle of a post-covid world. can and, actually, had better than expected covid products beat when it came to sales. that is certainly good news.

but let's talk about the non-covid products that you see as a real opportunities for pfizer and its bottom line. >> it was even more impressive, our progress in the non-can covid parts of the business -- non-covid. we grew 12% overall the non-covid business this year. i remind you that our first guidance was 8-10, then we made 1--- 9-11, and now we ended the year with 12%, very strong. this is -- [inaudible] if products that we can speak more in detail. the acquisition which is the migraine beats and exceeded expectation. in general with, the commercial if execution of 2024 was spectacular, and at the same time we took out $4 billion of cost. keep in mind that when you are reducing your costs, usually your revenues are suffering.

we were able to do both. and i think only pfizer is in a position to execute so complicated things so well. liz: well, it's great to see this improvement when it comes to the beat on the earnings and the revenue, and we'll be watching all of this, especially relationship that you have in the future with rfk jr. if he does get confirmed. i find this really interesting, especially you make that excellent point that one of the signature successes of president trump's first term, and he would say this, was operation warp speed if which brought the covid vaccine to the world in record time, and you were part of that. thank you so much. >> of course. thank you very, very much. liz: pfizer ceo albert bourla. president trump's crypto czar, david sacks, reveals his plans for the future of digital assets. charlie gasparino has details on how sacks and congress hope to work together to grow the crypto verse beyond just bitcoin and ether and xrp. that's next on "the claman

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>> we're coming off frankly four years of arbitrary prosecution and persecution of crypto where sec wouldn't tell founder what is the rules were but then they'd prosecute them and many founders have even told me stories of being de-banked personally just because they'd founded a crypto company. all this approach was driving this important technology of the future offshore and we want to keep that innovation on shore in the u.s.. liz: white house crypto and ai czar david sacks holding meeting with members of congress and not helping the price of bitcoin or any other cryptos that we follow. bitcoin falling about 3% and ethereum down 4% and xrp down 5.5% and he has fighting words that this is the golden age of crypto and would like to see it thrive in the u.s. and he and his team are going to establish rules of the road to make it

happen. let's get more from charlie gasparino. >> could never have this without the buy in from the president 06 the united states. when the sev pass that had rule saying you know what, you can be a custodian of digital assets if you're a big bank. most banks sat there and said the fed won't let us, occ won't let us but then again, sec -- occ office of control and currency, the fed got a call from mr. trump or barron trump or ellie trump and they can keep it there as sass set on balance -- asset on balance sheet and that's the type of stuff we're seeing now out of this administration. we're reporting to have a piece in the new york post pretty soon on this.

you can go to your bank and trading crypto and investing in them and jp morgan will be domicile for bitcoin and that's huge. that takes it to another level and you wouldn't have that without mr. sacks and donald trump doing this. whether that's good or not, i don't know. they're going pretty far out there. crypto or bitcoin and should be a reserve asset and going to play with fire for the u.s. dollar. doge not cutting $2 trillion out of the budget and they're going for it and larry fink believes and he and i spoke about this the other day and stocks and bonds at some point allowed to be traded on the the regulatory

apparatus in place and this is happening fast, keep your eye on it. it is a volatile instrument, bitcoin. micro-strategy a lot of people think controls the price of bitcoin and huge amount of bitcoin and going to keep it as a strategic lauren: buy on the news, sell on the dip. >> we've been covering this and sec investigating cbs on whether they fairly or unfairly edited a 60 minutes interview with kamala harris. remember, cbs is a broadcaster over public air waves and have to abide by fairness rules and be fair to both sides on news. there's a charge they edit that had and make kamala harris during the campaign sound smarter. we know cbs handed over that transcript. both the written transcript and

unedited tape haves been handed over to brandon carr at sec so that story is developing. he's launching a major investigation into it. obviously we'll find out what he thinks cbs did or didn't do. cbs pointed out they've done nothing wrong and going up to 2%. liz: charlie, thank you. closing bell ringing in four minutes and all the major averages higher fueled by big tech and energy, and looks like the dow and s&p and nasdaq on their way to snapping wow. two day losing streak with the headlines and just a week and a day ago that the deepseek had markets in the deep state of total mayhem and this hedge fund developing an ai product at fraction of the cost and chat cpt and was actually doing pretty well and ensuing panic and wiped out 3.1% of nasdaq and cost chip giant nvidia and $578 $589 billion and $113 and gotten

back by that now at $118 and spoke to founder big in the tech world and going to be on the "claman countdown" and react to what china really wants. >> deepseek specifically, i don't buy into a lot of it. you get a lot of media right now about how they spend just $5 million to train this model that is competitive or beat ago lot of u.s. opt options and firf all, they're not covering a lot of costs and there's a reason they put out the news that way and if the stock market is any indication, it's accomplishing exactly what they hoped to. liz: yeah, that day, the market sold off and here we go, aied a adjacent stocks gone really, really strong and particularly palantir, which today is getting a huge pump and ford is moving hey higher by 1.8% and verizon

up 1% and count down closers say those are the ones to look at, aied a jay san antonio stocks ss and capital investment stocks tim joining us now. what your definition of aie adjacent? >> palantir, we made the case for palantir on maria's program in april of 2023 and put nvidia up against it. big data applications of ai are going to continue to have a much, much longer runway and be immune to price changes and fort net is another example of that and they have the most patent protection of any of the psychoer security companies and the ai applications they will embed into their software will do it as well and you've got two of the biggest applications with longer runways and their customers will continue to

expand the use of that software. they're just getting started and i think that's reflected in the amazing numbers of course that came out of palantir today and it's just incredible what alex carp has been able to do. liz: indeed. he's been here for several years and we've given him that forum because they have appeared to be smartest and best in class even when they were not profitable and they are profitable now. that said, are you saying that nvidia is is a solid ai company versus ai adjacent and a little idaho too dangerous to own? >> it's solid but there's always the chips eventually become commodetitized and they're subjt to competition and deepseek, i agree with the prior ken polcari at a timer and that's a lot of hype right now but in the long run, again companies like palantir and fort net and even companies like verizon that are

going to be part of upgrading the networks and the connectivity between data centers, that's where the most sustainable returns are going to be for investors and that's how we have placed our clients. liz: tim, great to have you on. google -- alphabet, parent of google reports after the bell and looks like green on the screen after a big day of headlines with all of those dow up 135, s&p up 143 and nasdaq umm 260 and meta a ninth record close. lauren: larry: hello, folks, welcome to kudlow. i'm larry kudlow. president trump has slapped a 10% tariff on china and steven miller, white house senior policy adviser steven miller weighing in in just a little while on the show. president trump mee meeting with president -- prime minister netanyahu at the white house today