company, they're streamlining operations. it's automating, it's cutting costs. in fact, they laid off 1,000 employees. i'm not saying it's a good thing, but the company from a fundamental business there -- are dropping, their margin increased 10 times in the last 3 years -- charles: strong cash flow -- >> strong cash flow, widening margins. charles: so you'd be buying this weakness. >> yeah, we are. we are buying the weakness. we can't buy on our etf, but we're buying it in other funds. but we do like this price point here. charles: all right. hey, i think we'll leave it there, but you've been killing it, you've had a hot hand. and i love the idea of people having access the these super duper ipos before having to pay these crazy prices. eva, thank you very much. >> thank you. charles: liz claman, where are you going to take us from the here, liz? liz: in about 50 different directions, charles. we have to split our focus on at least two major breaking

business stories and an earnings report. amazon, the e-commerce and tech giant about to release fourth quarter with earnings. ahead of the big reveal shares are up about half a percent. and perhaps more importantly, ceo with andy jassy heads into earnings with an 8% gain year to date, that's the second best magnificent seven performer this year behind meta. overall revenue expected to jump 10% and watch for its aws cloud services sales. that will be a key figure x. wall street, no doubt, will also be listening to hear how much amazon will spend on capital expenditure, right? cap-ex. fox business has learned february 26th amazon will make a major announcement at its devices event that will include hardware and software improvements. the expectation is that the a.i. version of alexa will be revealed which brings us to the breaking news on a bigger scale here. a.i. data center stocks are

hopping. super a micro popping right now -- super micro -- 4.8%. it's vaulted to the top of the nasdaq. dell and globalx data center e, f humming along as well -- etf. and nvidia with is the best performer right now. you can see it's up about 2.33% at the moment followed by goldman sachs, mcdonald's, caterpillar, jpmorgan chase and walt disney. here's the news breaking today that has the a.i. chip maker and the data center names gaining. or stargate, the a.i. infrastructure venture led by openai's sam altman and oracle's larry ellison is close to deciding on locations in texas and more than 12 the other states for its data center projects. in january white house news conference they held with president trump the three announced they will invest $500 billion over the next four years on new a. i. infrastructure here in the u.s. chip architecture firm arm holdings is right in the sweet spot. coming up, ceo rene haas is here

live. we'll ask what he's prepared to spend to ensure his chip designs are stargate's chosen ones. and the other major story we are watching at this hour, chairs of cal main, the largest egg producer in the u.s., up nearly 2% as egg prices skyrocket. waffle house cracking under the rising costs. the restaurant chain announcing it will implement a 50 cent surcharge per egg used in its recipes to offset the egg-flation. calmain shares have spiked 99 -- 94% due to the bird flu outbreak which restaurant the chains could be next to slap. the surcharge on customers? we'll ask the national restaurant association's ceo, she is coming up next. the market may have bigger eggs to fry. tomorrow at 8:30 a.m. eastern we get the release of the much-anticipated january jobs

report. so with about 57 minutes left to trade, let's take you to the floor show. bull's eye option chief market strategist alan knuckman and chief investment strategist sam stovall. sam, urn normal circumstances the january jobs report would take center stage. does it now have to share it with the a.i. headlines, tear rift -- tariffs and inflation? >> also with earnings, which is coming in much better than anticipated. right now expectations are for for a near 13 year on year increase for fourth quarter earnings versus the the less than 9% that the had been anticipated at the end of the quarter. also i think that the employment data will be impeded by the l.a. fires. so as a result, i think some investors might sort of look at that and think that maybe those numbers will end up not representing the true employment picture. liz: yeah, it's that employment

picture and, by the way, the expectation is of about 170,000 jobs to be created in the month of january. as we look at that and everything else on people's plates, i guess, alan, you are sitting there at this, the aorta that of the heart of a lot of options trading. what are you seeing at the cboe that gives you the indication investors are interested in going one direction or another and which direction is that? >> well, for me, it's got to be price action. i mean, the way the market's moved these last two mondays consecutively where we recovered those big news vent losses, that shows the overall resiliency of the markets. those are major snapbacks, and we've got momentum definitely to the upside. if we can break out above those highs, we could get a quick move in the s&p to 6500, and i'm looking at this like 2017 all over again politically and market wise. and the markets rallied from 2,000 to 6,000 where we stand right now.

so there's a lot of upside. the vix is right now at 16 which is double that historic low in 2017. so i'm still very, very optimistic. liz: yeah. still below 20 for the vix, right? i mean, it still shows a lot of complacency considering so much of the headline action that we're getting. so, sam is, you mentioned earnings, and it's true, so far what we've gotten shows a pretty significant beat on expectations overall for s&p earnings at least on profits. yeah, i think it's a decent beat for revenue as well. but we occasionally will get a name whether it's skyworks, for example, that gets hammered due to one piece of news that relates to maybe one of its biggest customers, apple, which is now deciding to choose not just skyworks for a key chipmaker, but another name, and then suddenly a name goes south. how does an investor handle something like that? >> well, i think the investor going into the trade must realize that right now we are

looking at a relatively pricey market. the s&p is trading at a 20% premium to just the 10-year average forward pe ratio at about 35% premium over the last 20 years. tech is at a 33% people if yum over 10 years -- premium -- and nearly double that over a 20-year period. i think investors need to realize that that whatever growth we get in 2025 will likely not be the result of p if e multiple expansion, but, rather, an improvement in earnings themselves. and we have been seeing a bit of an adjustment lower for the full year 2024 and for 2025. estimates had been about 13-14% for 25 estimates, now they're a shade below 11 percent. liz: i get it. and, alan, then you have names that come up that just are soaring like marriott, for example. so when you're looking at a

hotel year or ralph lauren -- hotel hotelier, ralph lauren is a high-end retailer. it's bringing tapestry along, another high-end stock. those two names indicate that the consumer is healthy. and we did get first-time jobless claims today. okay, they were barely higher than expected. and nothing about what we see right now in the data screams recession. i'm just quoting karl weinberg of high frequency trading, a really smart guy i often read. but do you see anything? are there any if signals that the smart traders at the c box -- cboe are turning tail anywhere? >> no. again, it'abt y the markets react when they have these actions of profit taking. we're a long ways away from recession. obviously, there's pulpit pressure to bring rates down. it looks like we're going to get another cut in march, so things are very, very positive right now.

be -- but if you are concerned, buy some s&p puts for june. look at it like car insurance or house insurance, and you can sleep well at night, 10% out of the money. it's very easy to hedge yourself stinted of trying to time that turn. that's out oi of my price range -- my job description. [laughter] i'm still very, very positive. and you mentioned nvidia's leading the day. nvidia could easily fill in this gap from 130 to 140, is and if it does, we could get a full v recovery, and that target's 1800. it's the end of -- 180. it's the end of -- i don't think it's the end of nvidia. it's still up a thousand percent since 202. it's hard to predict the end of nvidia, obviously. liz: yeah. perspective. for research investors, nvidia at 127 and change. sam, i know you like mcdonald's and ubs along with sin corps rah. mcdonald's, you don't think it'll be affected by these skyrocketing egg prices? >> well, certainly, it could be affected in the near term, but

we think that the stock is going to be outperforming because of of the value offerings on its menu and also better than expected same-store sales growth. finish so our belief is that, you know, longer term this is at an outperformer. liz: okay. mcdonald's up 1.5%. the dow at the moment is down 227 points. nasdaq down 10. s&p down 3. alan, sam, great to see you with. thank you so much. >> thank you. >> my pleasure. liz: folk, we've got some stumbling blocks for roblox investors. the stock is sink g ago -- sinking at this hour. find out why the video game creation platform is looking at a rocky screen ahead. and if you missed "kudlow" last night, shame on you. we've got you covered. treasury secretary scott bessent exclusively revealed donald trump's tax cut road map. we're getting you a live report from the white house on what it will look like and who stands to benefit the most. that is next. "the claman countdown" returns

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liz: fox business alert, breaking this afternoon another halt to one of president trump's plans. a federal judge has temporarily blocked the administration's buyout offer to millions of federal workers. u.s. district judge george o'toole jr. delaying the so-called fork in the road directive in order to complete a briefing and hold oral arguments on the buyout. he wants more details. that deadline to accept an incentive package and quit has been extended from midnight tonight to monday afternoon. that judge will hold a hearing to consider further action. so far 40,000 federal workers have taken the deal. the president is looking the make strides in the private sector as well.

trump meeting with the ceos of fedex and u.s. steel today. both stocks are up more than 2% at this hour. the discussion with the steel producer comes after nippon steel's a bid to acquire u.s. steel was scuttled last month by then-president biden who cited national security concerns. donald trump has cited the same issues, but lawmakers are also stopping by the whys. president trump -- the white house. president trump linking up with congressional republicans to debate the size, scope and details of his, quote, big, beautiful bill to cut taxes, regulation and government spending. fox business' edward lawrence fresh out of a press gaggle with the white house press secretary. he joins me now. >> reporter: liz, i want to give you breaking news. we're hearing are from a white house official, they're pushing back against that "wall street journal" report that the administration plans to fire thousands of health and human services workers. that official telling us that there will be no such -- that is not true, there will be no such executive the order firing thousands of health and human

services workers. now, on the other subject, some in the house of representatives are floating the idea of having a 5-year extension to the tax cut. the president and the treasury secretary, the new one there, in an exclusive interview with larry kudlow says the tax cuts need to be permanent. >>nt tru has a mandate. he came in to do big things. and one of the big things that this administration wants to do is make the 2017 tax cuts and jobs act permanent. and that permanency will be, continue to make the u.s. the number one economy in the world. >>reporter: now, things evolve here. of the white house press secretary e did not mention permanent tax cuts as being a mandate as a meeting with republican lawmakers happening in the oval office. listen. the house republicans are finish the idea of a 5-year extension. president trump wants it permanent. would he sign a bill that has just a 5-year extension? >> so i'm glad you brought up taxes. do you mind holding? [inaudible] i like to bring the receipts.

so these are the priorities of the trump administration that the president has laid out in that meeting today. no tax on tips which is, obviously, a very public campaign promise,, the no tax on seniors' social security, to tax on overtime pay, renewing president trump's 2017 middle class tax cuts. again, these are the president's priorities. adjusting the s.a.l.t. cap. >> reporter: so freshman representative jeff hurd from colorado believes that the house will get the tax cuts done in the way that the president wants for the american people. >> i think we can be united on the importance of keeping these dollars in the pockets of hard working americans. and, again, it would be a huge disaster for our economy, for american families if these dollars are taken away from us with this effectively gigantic tax increase. it's incumbent on us to extend these tax cuts and make it perm innocent. >> reporter: the house speaker

feels like he can get those tax cut priorities inside if a package the president says should be one big, beautiful bill. liz:ed edward lawrence, thank you very much. no honey if at this hour for honeywell investors after the aerospace conglomerate projected 2025 adjusted profit below average analyst estimates. it is the biggest laggard, falling 5.5% right now. the big news from the company, it said it will separate its aerospace and automation businesses into individual entities. honeywell has been under pressure by an activist investor, and at the same time has been grappling with sluggish demand in its industrial automation segment. roblox -- roadblocks for roblox investors after the online gaming company's, stock tumbled. it is down 12.75%. roblox missed analyst targets for fourth quarter bookings and daily active users. analysts blaming the miss on of tough comps to a year when they

launched on playstation consoles. here we are a year later, and they don't have that same bump. all right, from that to audio equipment maker sonos, posting a first quarter profit beat and record revenue. that is music to the ear as of investors. shares are moving up by nearly 4. sew not also announced it will cut 12 of its work force after tom conrad took over as interim ceo last month. and yum brands hitting a record today after reporting fourth quarter sales above estimates. yum -- [laughter] look at this, up 9%. the parent of pizza hut and taco bell cites same-store sales growth of 5% at the tack bow -- taco bell restaurant chain, and obvious, they also own kfc. while shares surge, restaurants overall are left with egg all over their balance sheets as the bird flu culls the chicken population which in turns has triggered an extraordinary price

surge for the popular protein. we asked the ceo of the national restaurant association how many more of its members will crack under pricing pressure. we are coming right back. dow jones industrials down 203 points. ♪ ♪

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consumers, producers and restaurants nationwide. a stunning jump in the price of eggs. bird flu has infected some 19 million commercial birds since late 2024 alone, and the impact is coming to grocery stores and restaurants near you because farmers are being forced to euthanize huge swaths of their flocks. finish the shortage already hitting one restaurant chain and its customers as a egg prices on average have spiked 37% over the last 12 the months. waffle house this week announced a 50 cent surcharge per egg on their customers. waffle house says it serves 272 million eggs a year. waffle house is a member of the national restaurant association. here to tell us how bird flu and egg prices could affect your next meal or the restaurant sector stocks you might own, martial restaurant association president and ceo. boy, i mean, this is pretty serious. 50 cents surcharge per egg. i don't know how many eggs go into a single waffle, but i'm

getting nervous here -- >> i eat 346 egg omelettes, so i know that's -- 3-egg omelettes. it is definitely significant. and when you think about restaurants like waffle house that have a men withdrew that is so focused on an -- menu that is so focused on an egg in their meal, it's a big increase that you're seeing across all menu items. liz: you are the voice of so many restaurants and restaurant chains. we know exactly how much they hurt during the supply chain crisis. a lot of them didn't make it. >> right. liz: so many restaurants went under. what are you hearing now about the price of eggs? >> one of the things that restaurant operators have really learned through the pandemic and the inflationary periods that a we've been going through is how to be a lot more resilient. so when they look at increased prices on eggs like this, and those prices are very dynamic because the demand always a stays high, they're thinking about what options exist for them. and for restaurants, they can do exactly what a waffle house did and put a surcharge on. one of the things that's nice about a surcharge option is that

it can signal a temporary status, right in we can get flocks replenished and more egg supply, we're going to see those egg prices come down and we'll be in a position where waffle houses can take that surcharge off. liz: okay. when you look at pricing anyway, restaurant meals have gotten so expensive. i did a takeout order for my daughter and by, we got two entrees and one salad, it was $75. just a pasta place on the upper west side. that's' new york -- >> i hope it was tasty. liz: delish. but i do have the -- to push here because the rest of the nation, do you expect that your members are going to fall follow waffle house's lead here in. >> well, for those restaurants that are egg-intensive in their menu item, they're definitely going to have to do something in the short term the manage these prices, and it may be raising menu prices. it's interesting because restaurants really focus on how they're providing value for their members. and value is that equation of

price plus the experience and the quality the customer is expecting. so if you're looking at a takeout, for example, and you know that convenience is really what you're valuing, there is going to be a higher price there. but when with you're in the restaurant or going to a restaurant, unsee more of that this value -- liz: i think of mcdonald's, egg mcmuffins. but then you look at a darden restaurant chain. there are eggs in so many things. it's not just, oh, i'll have an omelette. >> so often our restaurants are really thinking about how they're managing their purchasing power. you know, when you've got the ability to make large orders, you're in a pace where you can really -- space where you can really start to work deals and negotiate and try to play more of a long game on egg prices which really is where you want to be to help the menu prices, ultimately. liz: value pricing is now suddenly coming back. we saw that with starbucks lowering their prices and mcdonald's as well. do you expect that gets derailed now because we are seeing food inflation as among the stickiest

areas of inflation? >> yeah. food inflation is real, and i think that's why the value pricing is so important. i think you're going to see that continue because the value pricing menu allows for restaurants to really think about what they can offer at most price points that keep consumers coming back. we want those consumers back frequently. liz: president trump made it a signature so the of -- sort of statement during his campaign that he is going to bring prices down. >> right. liz: inflation, obviously, coming way off the 2022 highs, 40-year highs of inflation and we're now still hovering above the 2% inflation target that the federal reserve -- exactly. exactly. and so he had said he would bring, donald trump had said he would bring food prices down on day one. that has not happened. >> right. liz: can anything an administration does affect the price of food when we mow supply chain issues and something like the bird flu outbreak is very real? >> there are things the administration can do the help

bring down prices and to get that robust economy, the restaurant and food sector. when you think about bird flu, it's really thinking about how we're managing our flocks, how we're bringing vaccines in in a backstop stocked way so that we can control the hen-laying population when we have these outbreaks to keep productions high. liz: there's great concern that this will spread. i think a cow was discovered to have had the transferred bird flu to it. >> yep. liz: beef prices? what about steakhouses now? >> steaks have been one of those price points that have remained elevated. meat prices have remained elevated in a space where restaurants are trying to manage that and, again, they kind of look at what a options are available to them. you may notice there are some difficult portion sizes -- can. liz: yes, i noticed. >> and the thing about that is restaurants do that because it's something that their consumer responds to. so are you interested in having that steak at a smaller portion size and a better price?

if a lot of consumers are saying yes. liz: i was a little upset that the portion of my pasta seemed very small -- [laughter] >> you want big pass -- pasta portions. liz: not too big, but come on, let's not be chintzy. i wish i had better news for the viewers on that front, but food inflation is very stick by. michelle, it's guide to see you. chinese deepseek app upending a.i. economics last week. but with big tech's big a.i. spend still on track by billions and billions of dollars, what does chip architecture firm arm holdings plan to do, and how do they benefit? rene haas is the ceo. he joins us live next on "the claman countdown." ♪ ♪

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liz: fox business alert, so when we started the show, all three major indices were in the red. two of them have punched into

the green, the s&p and the nasdaq. not by a huge amount, but the s&p showing a little bit of a sign of pulse here, up 4 points. the nasdaq up 28. we are at this hour getting more clarity on that a massive stargate project which was announced at the white house the end of january. but one thing that openai did not say specifically, because it's openai, it is, of course, oracle and softbank, openai did not say at the time how much it was ready to individually spend on a.i. infrastructure. the total was $500 billion between all three, but executives now say at openai they have about $175 billion ready to build data centers in 16 different states. they are not the only ones spending lavishly on a.i. alphabet announcing this week $75 billion in cap-everything x. they -- cap-everything x. they said that's how much they'll spend this year. and if meta prejudicing between

$of 0 -- pledging between $60-65 billion on etc. earnings call. nobody seems to be worried about a deepseek, the chinese chat bot that ca came out with chat bot that was a lot cheaper or, apparently, to make. with big tech throwing big bucks at a.i. infrastructure, our next guest reported a record third quarter revenue. arm ceo rene haas. arm's got contracts with both meta and alphabet. you getting a piece of that business of the capital expenditure that they expect to drop this year? >> well, good to see you, liz. it's an exciting time, for sure, in a.i. data centers. any a.i. application or a.i. data center that uses nvidia's blackwell, which i think is pretty much most/all of them, that's all good for arm because arm is the cpu inside grace. liz: and grace blackwell is, of course, the nvidia chip that is, what, about 40,000 -- we've had jensen huang, the ceo of nvidia,

to and those things are not cheap. that means you get some of that vapor trail. if. >> we do. condition say publicly what it is -- can't say publicly whats with -- what it is, but nvidia's a fantastic pa partner. anytime grace blackwell shows up, it's a good thing for arm. liz: the cap-ex number or, and we're waiting on amazon to report earnings after the bell, a lot of people want to know whether they will best what google and meta have announced. meta, of course, as we said, $75 billion or or -- or, wait, google's $75 billion -- okay, whatever. [laughter] what about you? how much are you going to spend on a.i. buildout this year? or just say cap-x overall? >> you know, the way we look at it, we're not a huge company that does these large models and run them oamses -- ousts, but we

are looking at ways internally to use a. i'm sorry instead -- inside our company. we're having enterprise chat gpt made available all our employees. we think it's a game-changer, and arm wants to be a leader in terms of not only supplying the technology but deploying as a well. liz so what is your spend? can i ask? >> not nearly to the level of those companies that you mentioned. [laughter] fractions. liz: okay. 10 billion? i don't know. i'm dying to know. >> no, no, we don't spend anywhere in that a zip zip code. liz: okay, okay. so one of the things that cur develops -- you are developing are smaller a.i. chips for iot, the internet of things, some of these wearables, etc. what makes them special, and why do you think there will be demand for those? if. >> well, one of the things that deepseek showed us which was a fantastic innovation, by the way, is the fact that you can now run ininference potentially

in a much more powerful way. why is that important in as a a.i. workloads move the to smaller and smaller devices like ear buds, mobile phones, laptops, these are devices that have only so much power. they're limited by the thermals, the area, etc. you can't put a lot more compute inside there. cpus exist if inside those devices, they're arm-based. anything that's more power efficient that can run an inference model inside a twice that has arm, it's very good us. liz: it is a phenomenal time in the industry. and you worked at nvidia many years ago. you've been at arm. you're dealing with one of the three players in the stargate effort. have you ever seen a moment like this in this sector? and how does it feel to try and keep up with the changing landscape minute by minute? if. >> yeah. no, i've never seen anything

like it in my entire career. my career goes back, you know, a few decades plus. and i think what we've never seen before at least from what's going on with a.i. and all the capabilities, it's the kind of thing, you know, from a personal standpoint that you thought about in science fiction, in star trek, that you'd never see this time where the tools could be as good as humans for human-level tasks. and that's just not things like chat bots, but reasoning, thinking, inventing. and and we're seeing it all now, which is amazing. and stargate, what's so exciting about it is that it's a huge capital investment that'll accelerate the deployment. i didn't think we'd see it in my lifetime, but the fact that a we are and participating in it and the benefits that, liz, we're going to see across so many industries, primarily, i think, health care is what i'm so excited about is just profound. it's a great time to be in this industry. liz: is the number 500 billion real with stargate? i ask that because elon miss pooh-poohed it on x he came out

and said i know for a fact these players do not have the money for i. do they? if from where you stand? >> yeah, it's very real, and already going to be deployments happening very, very quickly in terms of these data centers being built. so it's very real. i don't think you'd see an announcement the way that a you did on the day that you did if it wasn't real. it's an exciting time, for sure. >>. liz: i'm interpreting that that you think elon is wrong about that. when you look at what open a a i just announced, they look like they're in for a huge chunk of this. your numbers here today bringing the stock down about 4%. year to date arm is up 34% and more than 128% year-over-year. but the theory is that, at least the feeling on behalf of some analysts is that you missed on guidance when it comes to royalties. what does that -- can you explain to to our viewers why they should or should not be concerned about that? >> yeah. you know, we have just come off a record quarter, as you said,

in terms of revenue if, $983 million, nearly a billion dollars. we forecasted for the next quarter $1.225 billion. another record. a big jump. it wasn't a few years ago, liz, that $1.225 billion would have been a good year for arm, let alone a quarter. so we're just so excited about the opportunity the in growth that we're seeing, and a lot of this were things that we put into place years ago but now being accelerated by all the a.i. applications. so i don't think people should be worried. the business is very healthy. and growing like we said it would. i think we're up maybe 25% year on year, which i'll take. liz: and i look at, say, for example, analysts, some of them don't appear to be worried. rosenblatt still has you at at a buy. jeffreys has a buy on this. i really -- when we listen to analysts, who are sometimes wrong, yes, they seem to be

very, very strong in their belief about you guys. how many items, how many pieces of electronics in the past i think you've thrown out some crazy number like 10 billion, how many grandmothers in the world have -- items in the world have arm chip designs in them? >> since arm's inception, 330 billion chips have shipped with arm. so world population is, what, 8 billion? if. [laughter] that's four or five for every person. i think the math is almost now at a point where it's beyond every person on earth, it's beyond every person who ever lived on earth, and the numbers are just vast. in your home there's probably hundreds. when you think about the laptops, the mobile phones, your set-top -- your tv, your digital tv, your home appliances, your automobile. arm is pervasive in earn's homes. liz: sure is. ren if e, thank you very much

for coming on. it's a very exciting time and, as you said is, you've never seen a moment like this in the industry. so we'll -- we're glad to hear it through your eyes and your ears and your voice. thank you. >> thank you. liz: president trump today blaming an ons to heat air traffic control -- obsolete air traffic control system for last week's deadly collision of an american airlines jet and a u.s. army helicopter. now he is turning to elon musk and the doge team to fix it. we're going to have a live report on what the world's richest man plans to do to ticket the faa's flaws -- fix the faa's flaws. we are coming right back. ♪ ♪ 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. check in time is 3:00 it's 2:55. i know.

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muck. liz: fox business alert, senate commerce committee chair ted cruz just confirmed that a key safety system on the army helicopter that crashed into an american airlines plane last week was turned off. 64 people on the jet and 3 pilots in the helicopter all perished. crews telling the media the black hawk had its automatic dependent surveillance broadcast

signal, that's the locater beacon that sends out an aircraft's position and altitude, was off and there should have been no reason why it wasn't operating. earlier today president trump blamed the collision on a, quote, obsolete air traffic control system which he promises to replace. jeff flock is live at the philadelphia international airport with how the president is now turning to the head of doge the tackle this situation. jeff. >> reporter: he is, liz. and there is a spirited, fiery debate on x today over that that very issue. but, first, to the post on x from elon musk which confirms, indeed, he's gotten the call from president trump. he says with the support of the president, the doge team will aim to make rapid safety upgrades to the air a traffic control system, and today the president, as you report, laying out exactly what he expects musk to accomplish. listen. >> i think what is going to happen i think what's going

to happen is we're all going to sit down and do a great computerized system for our control towers, brand new and super obsolete and trying to hook up a land-based system to a satellite system. >> not everybody is thrilled with it apparently hillary clinton, who posted on x the following "the doge team has no relevant experience and have to mess with airline safety deteriorating on your watch? sean duffy firing back with madame secretary, it's the dc bureaucrat is the reason the infrastructure is crumbling. you need to sit this one out. just a short time ago, she posted on x saying u.s. airlines have gone 16 years without fatal

crashes and maga fired air chief and threatened air traffic controller withs layouts and two fatal crashes. hope your unvetted 22 year-olds fix things fast. secretary duffy firing back once again without the all due respect. represent. i won't let you distort the facts and lies and he announced he is resigned and they're except from civil service buyouts and went onto say, your team had its chance and failed. we're moving on without you because the american people want us to make america's transportation system great again.and, yes, we're bringing 2 year-olds along. one thing the nation can agree on is the air traffic control system is out of date and needs work. they're going to apparently try to do it. whoever you think is in charge. liz: folks a closing bell ringing in five minutes.

it's the dow that's the laggard today. a lot of this is due to honeywell. honeywell is the drag on the dow jones industrials and it's now down 131 and ahead by 328 points and s&p up 22 and the nasdaq up 96. wall street along with legions of shareholders are primed for amazon's quarter return and e commerce giants release and wall street expects the tech joint to post earnings per share of $149 and revenue of 18 p .3 billion. that would be a 10 points in the paint 2% increase in top line growth year over year. >> jeffrey small joining me now. let me get your thought on amazon at the moment. what do you think is going to happen and what are you watching? >> i think the cloud declines are driving the met cap stocks

like microsoft and google and didn't do as well on cloud expectations and the beneficiary is amazon and cloud growth greater than 19%, i look for the stock to jump after hours maybe 5, 6, 7%. liz: i'm watching that cloud number too. you're so right. meta and google missed on cloud numbers and therefore we're watching amazon and aws, which is a huge bises within a gigantic business. that said, you like meta and tell me what it is specifically about meta you feel -- folks, we're on track for meta to hit its 11th record close in a row this year. i mean, it's unbelievable and this is a record all around, is it not? >> it's been one of my favorite stocks the last three years, liz and up 14 straight days and they had best quarter in history and their net earnings went up

almost 50% year over year. they're utilizing ai correctly and 700 million people monthly using ai chat bot and getting returns on their investments from their reinvestment and technology via ai. as long as that trend continues, this is the hot stock right now. hottest of the mag seven right now doing phenomenally well. it's very easy to say that based on their investments and returns thus far and early stage for returns, it's going to be very easy for meta to sustain a 25% growth rate on their bottom line. that's why their stock has gone up 100, $110 in the last 30 days. liz: again w a forward pe of 28, looks almost quaint compared to some other high fliers in tech land. it's been an up and down, let's call it ten days or so. we have the deepseek news, we have tariff concerns. tech and the entire market jerking around, you know, on the leash of what's happening in

washington dc. how are you responding to those kinds of headlines? >> well, you take advantage of the headlines and really buy the dips on the premier ai tech plays because we're really still not even halfway through the boom here. with all the cap x and reinvestmemements and great fore stock and not going to happen for this stage. liz: jobs report and 8:30 a.m. for month of january and losing power to move the markets and going for the trump administration first time around. >> it hasn't. if the number doesn't follow suit month over month or increase on employment. we'll see the opposite and rates will rise and small caps sell off and hurt the market in general and seeing increase in

unemployment by a tick. rates follow and small caps will rise. liz: small caps we shall see. we had a big small cap lever yesterday and looking at markets and just a few seconds before the close, we do have the russell 2000 at the moment moving lower by about 10 points. jeffrey, wonderful to see you. >> thank you, liz. liz: here comes the bell, you guys. s&p and nasdaq look to dodge the bullet here moving higher at the moment. s&p 19 to the upside, nasdaq up 92. dow jones industrial carrying a lot of the loss, now down 127 points. tomorrow ahead of super bowl weekend, former saints quarterback drew brees and jason robins join me live, don't miss it