tv The Claman Countdown FOX Business February 7, 2025 3:00pm-4:00pm EST
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nfl has done a good job of bringing women n. i peel welcomed by it. i'm excited to watch. >> i'm from boston, i'm a pats fan. i can't -- you know, that ease a less -- that's a residency requirement. charles: it's good thing you're young, because it's going to be a long time before they come finish who do you have in the game? >> eagles. >> i have the chiefs. if you look at it telephone. charles: charles your following the money. really? that's interesting. i'm following my heart. i'm not going to bet. i'm going with eagle, but, you know, i just like this young team. also, of course, barkley used to play for the giants. i really think the giants blew it, you know, and i'd like to see someone get paid what they're worth and have the kind of impact that he's having. ladies, thank you both very much. >> good stuff. charles: enjoy the game. all right, folks, over to liz claman. liz, a lot of red on the screen. i'm not sure if that's for the chiefs, but can we make it more eagles before the close? liz: fly, eagles, fly.
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folks, the markets came into the session this morning with weekly gains, but as we kick off the final hour of trade, hook on the screen, those gains have e evaporated. we have the dow down 4332. markets slip -- 432. president donald trump just wrapped up a news conference with japanese prime minister seen a baa. now the dow is on pace to lose just under 1% at the moment. and the rest of this them are in the same situation. we do have the s&p 500 down about 55 points or down under 1%. the nasdaq down 1.33%. this is at the moment and then week to date everything's down about half a percent. so what happened? if you go by technicals and charts, one particular headline might be to blame. what you're going to see here is the divot in the intraday dow chart at 10:53 a.m. eastern time. the dow sharply reversed, shifting all 109 points that were on the board to the loss
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that you see now of 440 points. at the exact same time, and what you'll see is the same pattern for all the majors, a reuters headline hit the tape that president trump later confirmed he will announce tariffs on, quote, many countries next week. coming into today's session, the s&p was less than a percent if away are from hitting a new record. now not so much. to be fair, this didn't help: consumer sentiments dipped unexpectedly in february on surging inflation expectations. look at the 1-year inflation expectation. so this chart shows that. they jumped from january's 3.3% to 4.3%, the highest in 15 months, and there's a connection here to tariffs. the release included a chart which shows large spikes as you see right here in consumers' inflation expectations coinciding with president trump's tough talk on tariffs both before his inauguration on december 16th when he reaffirmed
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his plan and then last week on canada, mexico and china. let's look at some stocks here. nike, apple getting smacked on the news, nike down 3.25%, apple down 2%. both are tariff-sensitive e because they import from china and operate in china. and look at european if luxury names heavily exposed to china, lvmh and karen. both of those name, don't know if we can put them up on the screen, but they are losing at the moment. let me pull it up for you. karen is -- lvmh down 2.5%, and if caring is also at least earlier down about 3%. less expensive than a louis vuitton purse but just as important to the younger demographic, the toy industry. 80% of u.s. toys are made in china including bratz dolls. mga entertain thement has built strong relationships with chinese manufacturers to to put the batz dolls today -- bratz
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dolls today. the founder is here with a warning about a, yes, christmas 2025. what are the prices going to look like if we still have these tariffs? of course amazon has major exposure the chinese goods, but it was already falling after last night's earnings report, the the e-commerce and tech giant posted a double beat but reported a slight miss on amazon web services' revenue, aws. we've got amazon down 4%. believe it or not, it's just slightly off the lows of the session but kind of getting this once again. the january jobs number missed too, but let's throw all of these hot potatoes to the floor show, senior portfolio manager jason katz, he's here along with palantir perma-bull keith fitz-gerald who once again is right, right and right. jason, is the market reacting, i don't think, to the january jobs report? if it looks trivial and
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what are you telling your investor clients about all of these headlines that are coming through minute by minute? >> i'm telling them that leopards don't lose their spots. trump is doing trump. i'm surprised, frankly, that people are surprised that a we're seeing these tariffs. and i think you're going to continue to see this tactic. i think you're going to continue to see small wins from trump. and as a result of it, i don't think they're going to be the nearly as draconian and long lasting as investors are wringing their hands over. liz: keith, can i get your macro picture at the moment, and then we can delve into your favorite movie of all time, palantir. [laughter] i mean, you're looking right nog headlines from if this trump news conference with the prime minister of japan regarding exporting liquid natural gas in much bigger tranches to japan. president trump feels that that could really help our deficit and and our debt situation. but that said, give me your sense of the overall picture for
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investors at the moment, because the dow doesn't like this. >> well, the dow doesn't like it, but jason makes a very, very sharp point, and i agree with it 100%, leopards don't change their spots. these are the most telegraphed tariffs in history. they're clearly a negotiating tactic intended to bring other countries to the table. now, i suspect and my view is this stuff's going to blow over very quickly, which is why rather than cowering in fear, you want to the look on days like today for companies that can get through and will come roaring out on the other side. liz: okay. is that palantir? i mean, right now this is the a locomotive. it's a steam train. it's an airplane, it's flying at the moment. it's hitting another record high today, at least it was earlier. it's been an incredible week to date. right now, sure, it's up about 2%, but flip it over to the week to date picture, i mean, we're seeing a 37% jump in the wake of earnings. i just worry and even, you know, year to date, again, that's an
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even prettier picture for any shareholder, especially you who bought in, i think your cost basis was around $6 babbling in the day. -- back in the day. it's got a forward pe of 212. will what it gets from the government contracts be enough to cover that? >> well, here's the thing, right? so my argument is things like pe ratio and cost of sales are badly influenced by accounting regs which do not accurately reflect the return to scale on digital spending. so two questions, can palantir continue? yes, absolutely. at what valuation. >>? i don't think. am i worried about it? i don't know -- i don't know. am i worried about it? no. all of those things are built into where the world is going, not where the world a has been. when you look at a company like palantir, liz, the question is not how far can it fall or how high has it run, the question is where does this go next? i think wall street's been on the wrong side of the equation. they want it to pull back. and if it does, you know what? i hope i'm smart enough to buy morement of. liz: jason is smart enough to
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say is, you know what? let's look at sort of the extended areas where you can get an a.i. push, and you say that's health care. he can plus a.i. equals what, jason? >> it means higher returns. you have large, untapped markets in in obesity and alzheimer's. and so you think about what sector last year performed the worst, health care. you think about what multiple health care, has relative to its history, nearly the lowest. and yet what sector in the s&p is slated to grow double digits? health care. liz: 20. >> exactly. -- 20%. >> you look at the conference year to date whereas technology's down -- liz: are you talking biotechs? >> i'm talking the large complex, large pharma in particular, but notwithstanding i would still continue the look at biotech too. liz: biotech as a well. gentlemen, thank you so much for being here on this friday. again, looks like the markets will be down on the week because
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when we came into the session this morning, the markets looked to be up for the week. not gonna happen, at least if we close right here. we've got about 51 minutes left to trade though, so a lot ahead. what shall it be, st. more ritz or the maldives? global travel demand has one stock jetting to the sop of the s&p 500 at this hour. find how out who it is and why investors see passports as profits. and later, we're going to take you live to the big says eye to talk to former saints' quarterback drew brees. he joins us on the eve of super bowl weekend to tell us about his latest investment and how it could be your ticket to the super bowl. "claman countdown" is coming right back. dow jones industrials down about 426 points. more headlines and breaking news out of washington, d.c. straight ahead. we'll get it all for you. ♪ ♪
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liz: president trump holding a news conference with the cap news prime minister where the two made headlines in the energy sector and and industry. the pair of leaders confirming that japan will increase its imports of u.s. liquified natural gas. we are looking at the price right now. this is the after a-market. lng, or at least natural gas at the moment for march delivery, we've got it down about 3% at the moment. the two also discussed trade and the economic and security threats posed by china and north korea. trade and tariff talk have dominated the news cycle this week. so for the past five days, that is what has really gripped the market. let's get to fox business 'edward lawrence live from the white house to break down these breaking headlines from the president and whether they were
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the tariffs he floated today coming to many countries or the situation with l lng. >> reporter: i just walked out of that room, and the president did announce they are going to expand the lng exports in the u.s. but also he said there will be a joint venture with the japanese to build a pipeline in alaska to pipe natural gas to a port that can then go if a shorter distance over to japan. they also talked about ethanol being sent from the u.s. to. >> a pan. the two leaders discussed investments, specifically in manufacturing in the united states. the japanese prime minister mention announced that isuzu was going to build a factory as well as toyota expanding their a factory ability here in the u.s. he also talked about the ceo of softbank pledging investment in semiconductors, all part of the manufacturing the president is trying to bring here to the united states. the president saying he has resip proal plans for tariffs on all countries, and that includes
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japan in this. the prime minister said officially he's not going to comment on a hypothetical, got a chuckle out of the room when he said, when asked if japan could face more tariffs. about $14 billion merger with nippon steel has been blocked but that deal maybe back on, president trump telling me that deal is going to be renegotiated or redone in order to make it an investment, not a takeover. so the u.s. steel would still remain a u.s. company, it would just be an investment with japanese if technology involved in that. if i want to show you a little bit from earlier today when the two leaders met in the oval office. listen to this. >> i'll be announcing that next week, reciprocal trade, so that a we're treating evenly with other countries. we don't want any more, any less. so i'll be announcing that that next week and many other things having to do not even with trade, but other things.
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but i'll be talking about reciprocal trade sometime next week. we'll have a news conference and lay it out. pretty simple. >> reporter: the president says he's going to level the trade playing field, they believe once you increase lng exports from the u.s., that will level the jalapeno japanese trade deficit -- swap news. the president saying on monday he will hold a news conference and talk those reciprocal tariffs for the rest of the world. st going to be a big day. back to you, liz. liz: okay. so if you were going to call out sick, edward, don't. >> reporter: exactly. [laughter] liz: thank you very much. it's going to be a big day for the markets, for the energy complex, all of that. folks, the the man president trump has tasked with forging this new lng export push to japan is about to get in front of "the claman if countdown" cameras. u.s. energy secretary chris wright on how quickly he can ramp this up to sell oil and natural gas to japan.
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pipelines have to be built, all kinds of things. we're going to talk to him about that and so much more. of chris wright coming up. fox business alert, we need to tell you about about expedia shares, soaring to the top of the s&p 500. that's an all-time high, $201 and change, thanks to better than expected demand in the fourth quarter. the travel web site reported a top and bottom line beat with total gross bookings rising 13% year-over-year to $24.4 billion. expedia's the parent of hotels.com, vrbo and its namesake, expedia, seeing 8 6.4 million total nights booked. and also they announced they will reinstate and raise their quarterly dividend to 40 cents per share. that really has a lot to do with the jump here in the stock price. that will begin on man march 27th. now if you remember, the company had previously suspended its 34-cent dividend back in 2020 due to the covid-19 pandemic when nobody was really
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traveling. let's look at point pinterest shares, turning right now by about 17.8%. investors cheering the social media pin board platform for sur as passion a billion dollars in fourth quarter revenue. pinterest also announced its global active monthly users reached an all-time high of 553 million, an 11% jump year-over-year. the company said its a.i.-powered tools are boosting engagement with customers and advertisers. pinterest said users are leaning into its shoppable content, visual gift guides and vision board creation with 62% coming back to the platform more frequently. pinterest's artificial intelligence push driving investor confidence with at least 27 brokerages upping their price target on the stock following these fourth quarter results. we got nothing pretty about e.l.f. shares. the cosmetics brand is down dramatically, suffering its worst day in six years after cutting its annual forecast.
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fiscal third quarter sales handily beat profits by 36% year-over-year, but on softer than expected january sales. the beauty brand partially blaming the january pullback on tiktok. so what -- really? we told you before, they have a huge presence on tiktok. the ceo said sales slowed as people change ad how they posted online ahead of what they thought would be a potential ban on tiktok. they talk less about cosmetics. e.l.f. suffered. also notice china tariffs that took effect this week could be a problem. while relieved the tariff is only 10%, 80% of e.l.f.'s supply chain goes through china. they haven't decided if it will raise taxes to offa set the tax. e.l.f. stands for eye, lips and face, if case you didn't know, have fallen about 58% the over the past year with. today a loss of 19.5%. e.l.f. is not the only american company the trembling from president trump's tariff
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diplomacy style. tariffs taking a toll on everything from building blocks to bratz dolls. the ceo of mga entertainment which makes lol surprise dolls, bratz and lil' teichs is here to tell us how he's negotiating trump tariffs the second time around. mga a entertainment ceo isaac lair january joins us in a fox business exclusive. we're coming right back. ♪ent ♪ ♪ ...to living legends. - you got this. - thank you. vanguard retirement solutions. fifty years of helping investors be well on their way to their financial goals. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way.
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liz: fox business alert, toy story might soon be called tariff story, and whether it's buzz lightyear or thomas the tank, engine, right if tariffs appear to have the upper hand. mattel and hasbro have kind of been on a roller coaster ride since last friday when a 10% u.s. tariff on some chinese goods was about to take effect. nearly 8ing 0% of u.s. toys are manufactured in china, so they will be keenly watching the president's tariff announcement and what he says will be many new countries getting slapped with tariffs on monday. but this is nothing new. since the toy january maker survived the merry go round if trump's first term, what did they learn then? isaac larian is the founder and ceo of mga entertainment, the maker of bratz dolls, lol surprise dolls and many more, the largest privately-held toy company in the united states, among the largest in the world.
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isaac, is this sort of an, oh, no, here we go again, and how are you preparing for something like this? >> hi, liz. happy valentine's. liz: aw, thank you. [laughter] >> so the tariffs, first of all, during mr. trump's first presidential administration, and i have to say he's a great guy. i rooted for him. i love what he's doing for the country,9 cutting waste. he's a great, great -- i voted for him, so he's a great president -- liz: feels like a but is coming here, isaac. but? >> no, no. the but is the following, he did not put a tariff on toys during the first administration, and because it will hurt a lot of families. especially you saw the consumer report that came out today. the confidence is getting lower. so, for example, this toy is
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called wonder factory, and it just came out. it's available at wal-mart. tracy williams, who's a her chant, had the vision to buy this, it's at 197. but if the tariff goes into effect, that will become 22.50 or $3. it was $1.97. and once that happens, the price i las disty will go down -- elasticity will go down, can and a that is the issue. i am publicly begging for him to, please, exempt toys. liz: publicly begging him to please exempt toys. i know the president watches fox business. i know he has us up on his monitors. we'll see if he hears. we don't know yet. mga has nine core manufacturing partners in china, and then you have a bunch of other, i guess, tentacles in there that help you do what you do. how will they be affected? you've been working with them for decades, have you not?
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bratz dolls are churned out there. >> yes. so, liz, we have been working with china factories for 46 years. and we know -- we own the largest toy manufacturing, little tykes, in hudson, ohio. i know the toy business and i know toy manufacturing. and i'm telling you, the low price products that are made in china such as the wonder factory i just showed you or this mini verse valentine's -- i'm going to send one of these to the white house as my love for mr. trump. which is $10, all of a sudden it's going to become $15. and once it becomes 15, less people can afford it. so there is no way to get out of china, to be very frank, to make low price toys. and we do not want the american workers making, working and making low price toys.
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let them focus on high high-tech and other things. that's what we need. liz: how far if advance do you put your orders in? because i remember back in december i hads asked you -- it was before christmas and i said, wow, what is the biggest demand you're seeing and are you shipping in a bunch, and you said, liz, we're shipping in well ahead for spring toys. so when do you put in the orders for december? >> so we put the orders for december, i think, in august and september. liz: okay. >> and now, as you know, we have easter coming and we have -- [inaudible] as well. there is something in the china called chinese new year where basically everything is closed for a month. so now we are beginning to place more orders for summer and fall. and to be honest with you, if the tariffs go into effect, that, has going to get passed
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down to the consumer, and it's going to hurt the consumer, and it's going to hurt the business because, as i said, a $4 toy like this becomes $6. and this, this is not good for the consumer. and i don't think this is good for usa. liz: okay. i'm very interested to know when you send him the toy what his response is. i know he's got grandchildren. it'll be interesting to see -- >> yes. liz: -- and you make a focused point here that a it's very hard to make low cost toys here in the u.s. isaac a, thank you very much for joining us. >> thank you, liz. thanks for having me. i appreciate it. liz: of course. are from tariffs to trade, we need to check the moves in the oil patch at this moment after the president just announced a ground breaking new deal for the united states to education port liquified natural gas to japan. take a look, we've got chevron up two-thirds of a percent, hess up nearly 1%, bp up 1 percent.
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those are all rising. they are integrated oil companies. today drill for crude. natural gas, they export. they do soup to nuts here. joining us live from the north lawn of the white house on how this might work is the united states energy secretary, crest wright. secretary wright -- chris wright. thank you for joining us right now. we appreciate you getting if front of the cameras. >> liz, thanks for having me. liz: president trump says we can balance the trade deficit with japan with oil and gas, imports to them from our stocks. how important is today's announcement? >> oh, i think it's a big deal. japan has been a fantastic ally for us for decades. it's a major energy importer. we are now and under president trump will become a huge energy exporter. it's a win for japan, it's a win for the united states, and it shrinks our trade deficit. liz i have been reading an outfit called world trade online a couple of days ago, and they predicted lng exports would be the top priority in this meeting
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between the japanese prime minister and president trump. so they were absolutely right. did you know ahead of time that there's going to be this joint venture between the u.s. and japan for alaskan oil and natch -- natural gas, and how do you start building out a pipeline, and how long will that take? >> yeah. of course, we want to make everything happen as fast as we can, but the talks or the interest from japan to grow the partnership with the u.s., it's been around, but they've been resistant. they bet big on u.s. lng, and terminals they invested in got delayed and slow-played during the last administration. so i think they needed this eye to the eye contact with the president to know he's serious, he's real and he means business. and a partnership here will lead to steel going in the ground soon and increase secure energy exports to japan. today was a big day. liz: what does it mean for natural gas prices here in the united states if we export a big part of our stock to countries
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like japan in order to replace what their getting maybe from russia a and -- they're getting from russia and countries not so friendly with us? what does it mean for the u.s. consumer? >> so it's a great question, liz. and the answer's surprising. it actually means lower costs in the united states. 15 years ago we were the biggest importer of natural gas mt. world -- in the world, and he had high natural gas prices. now we've grown our production so much, we're the largest net exporter in the world already and going to become much bigger. but throughout all that, gas prices have actually gone down as our production and infrastructure is built to scale. so the extra gas we'll send to japan is quite small in total u.s. production, and we have so much running room. liz: that said, let's talk a bit about a what president trump had said day one. so, again, nobody should be surprised here of january 2st the department of energy ended that that -- 21st ended the lng
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export pause that president biden had put into effect. it was a pause to non-free trade agreement countries, i believe. the consideration here on pending applications, how soon will you start opening up that process and speeding it through? >> oh, immediately. that is going right now. i think you will see very soon announcements of new approvals for expanded capacity outside the united states. days, weeks at most. very soon. liz: secretary wright, i know it's been an extraordinarily busy day for you. thank you for running out to the cameras to give us this interview is. we appreciate it. >> thanks, liz. appreciate your show. liz: work. thank you. anytime can -- of course, thank you. tariffs may not be all fun and games, but the super bowl is. we'll talk to former super bowl mvp drew brees about what this means for the big easy which has gone through hard times. and how and where drew brees has been investing his millions he made during his playing career.
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also coming up, the ceo of draftkings is here to talk about the billions of dollars being wagered on the game and why he's rolling out a list of prop bets aimed directly at taylor swift fans. and a timely and very serious new episode of my everyone talks to liz podcast. the star quarter withback known as a one of the most unconventional qb to ever play the game, bernie costar of the cleveland browns, he was able to analyze components and had an unorthodox side arm throw that had remarkable accuracy. but see him getting sacked here the? he was beloved and revived, but cosar got sacked a lot. he was now facing the most fearsome opponent of his life. like many other quarterbacks before him, he's been diagnosed with parkinson's due to the multiple brain injuries he suffered on the field. i'm fan girling here, definitely, because bernie, i'm a cleveland browns fan. in my brand new podcast episode
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which drops ahead of the super bowl, bernie kosa a r reveals what he's started that has him symptoms getting sacked. hear what he's eating, drinking and doing with doctors to beat parkinson's. it's inspiring and amazing. get it on apple, google, spotify, iheart radio, wherever you get your podcasts. just look for everyone talks to liz. dow still down about 417 points, nasdaq down 2711, s&p losing 55 -- nasdaq down 271. ♪ ♪
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year's average super bowl ticket of $9,36. with the chiefs aiming for a threepeat, are fans just tired of all that winning? legendary former new orleans saints' quarterback drew brees is now buying into the ticket game. either way, bries has invested in -- brees has invested in sports illustrated tickets which has over 50 million sports, concert and theater tickets to events around the world. joining me now to talk big business and the big game is super bowl xlv mvp, drew brees. i don't know, i mean, i'm sick is of the chief -- i want the eagles. i'm a browns fan, sorry -- [laughter] give me a sense of what you think is behind the fall in these ticket prices, drew. >> i don't know, but i tell you what, new orleans is the place to be. everyone is having an unbelievable time here. i've spent the last two days at radio row, and all i hear from everybody is i don't know why we don't have the super bowl in new orleans every year. this is the absolute best place to do it. i mean, everyone's having an
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unbelievable time. all the a restaurants in town, all the hospitality, we're showing tata a good old new orleans hospitality. we're feeding everybody well. you name it, everybody's just really having a blast and is excited. it is very exciting to be the ambassador of this year's super bowl in new orleans for the super bowl host committee. and i hope we just keep bringing it down here to new orleans. liz: i think you need to be hired by the chamber of commerce. [laughter] you dodged the chief fatigue question -- >> that's right. liz: let me just ask you about the ticket business that you are in. what interested you in spending some of the millions that you made while you were a pro football star into this particular business? and what kind of returns do you expect to see? >> yeah. well, bottom line, i only want to be associated with best in class brands. and at the end of the day, there's a lot of options on the online ticketing market a place. but what we saw at "sports illustrated" tickets was an
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opportunity to do it better than everybody else. i think the thing most frustrating for consumers or who are going to buy tickets on the secondhand marketplace is the price that you see in the beginning, all of a sudden fee after fee after fee is added, and you look at it at the end, and it's about double what you thought you were going to spend. we see that as there's a much better way. so at "sports illustrated" tickets, the price you see is the pice you get. the customers and consumers deserve to be shown total transparency. and at the end of the day, you still have access to all the great tickets and all the great concerts and sporting events and the super bowl, all those things that they deserve. we saw the opportunity to do it better, and that's exactly what we're doing, and that's why we're the most trusted ticketing marketplace in the business. liz: it's a crowded space. i mean, you've got stubhub, ticketmaster. give me a sense of where you expect to be and where your investment expects to be in the next couple of years. >> well, it's a massive marketplace. but at the end of the day, i think people especially coming out of covid, you've seen it,
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man or, people love live sporting events, live concerts. just that experiential element that i think we're all thirsting for and these family experiences too. we recently just inked a deal to have our name on the new york red bull stadium which is "sports illustrated" stadium outside of new york. so we will take over the primary ticking platform for that stadium here in a year, and that's going to the open up more and more opportunities to program that, it's also all kinds of concerts and bigtime sporting vents. we recently inked a deal with the pittsburgh steelers as well as kraft sports entertainment, so we continue to expand our reach as we take over the primary and secondary ticketing platforms across a ton of venues around the country. liz: our viewers are investors. they're very interested in the fact that you have invested in certain franchise. let them know, dunkin' donuts, jimmy john's. why those franchises? >> you know what?
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walk-on sports bistro, small sliders, there's so many. again, i only want to be associated with best in class brands. the opportunity to grow small business. look, small business is the life blood of our country, certainly the life blood of new orleans. so the opportunity to create jobs, also to bring great concepts and to address that needed areas mt. community, the that's what i love to do. i love to be part of great teams, build great teams and brands, and that's where i've chosen to spend a lot of my time post-football career. liz: we have you at mvpvc, venture capitalist -- [laughter] we'll be watching your success, drew. please come back. >> absolutely -- liz: i'm not going to ask you who you're picking for the big game, but i will ask you. >> well, i won't make a prediction, but i will say this, this is philly's opportunity to win, right? [laughter] they're ready. they went toe to toe with these guys two years ago a, this is their opportunity to win, or although the chiefs, this threepeat would be unprecedented e liz liz let us not snatch if
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defeat from the jaws of victory, the'king aings. thank you so much. sports betting companies are taking notice of the amount, the number of women watching football. especially since taylor swift started attending chiefs games last year. draftkings has an entire section called swiftie specials. look at this. each bet has a corresponding taylor swift song title. so the most likely one is titled 15, that's one of her songs. that includes patrick mahomes rushing for 15 plus yards and passing for 32 the 15 plus yard. and there are a few others here named after you belong to me where travis kelce could -- let's just get to the ceo, jason robbins. this is an interesting move for you guys. you're capitalizing on this newfound viewership of women, correct? >> well, it's a way to have a little bit of fun and create some interesting things for people to bet on. liz: tell me exactly what you expect to see as far as the
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trends are concerned, because right now we're, you know, 48 hours away from the game or so. what are you seeing as far as people placing bets? >> right now the money's pretty evenly distributed between the chiefs and the eagles. this is a lot of money on saquon to score a td, which he also wants to be inevitable, a lot of money on hurts and kelce to score. taylor must be having an effect because lots of travis bets in all kinds of varieties. haas few years have been a real shift where the game outcomes have been less impactful. liz: prop bets are when people can guess and bet on in-game events like will travis kelce score the first and the last touchdown, that kind of thing. tell me what kind of revenue you're seeing -- >> [inaudible] if you belong with me that you mentioned right there. great song, by the way. [laughter] no, that's bet 7,000, i think it
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is, so you can win quite a bit of money if you get on -- bet on that one. little bit of long odds but not too crazy. certainly if you have two touchdowns in the game, which he might, that's not out of the realm of reason. have fun little things like that. yeah, prop betts are just being able to bet on players scoring. the most common prop bet is whether a player will score or not, so lots of money on hurts, kelce and saquon barkley to score a touchdown in the game. people can betover/under -- bet over/ed under on yards. big money on ma homes as super bowl mvp followed by save -- saquon barkley. liz: we have the run, but are the margins on prop bets now exceeding outcome bets, those bets that people say either who's going to win or lose? >> they're similar. a little bit higher because they're actually pretty similar.
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it's really the parlays that are higher margin. liz: good to sew you, jason. have fun at the big game. >> thanks. good to see you. bye. liz: super bowl lix between the kansas city chiefs and philadelphia eagles kicks off sunday. the nfl on fox team hosts america's super bowl party with all the pregame action beginning at 11 p.m. eastern on fox and streaming for free on tubi. we are coming right back, red on the screen as we close out friday's session. nine minutes left to trade. ♪ ♪
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(♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com
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or a feel-good movie. maybe some reality tv. at xfinity we know what we need for sick monday. extra-strength wifi built for streaming, so you can make the most of your “sick” monday. stream all day with xfinity streamsaver. get netflix, apple tv+, and peacock for just $15 a month. and learn how xfinity rewards members can get a food delivery gift card when they add streamsaver. bring on the good stuff. minutes away for the week. stocks are not going to make it into the green. it looked like they were at the beginning of the session but, no, the dow closing down about half a percent and 244 points over this past five days. s cpi p down a quarter of a percent and nasdaq losing about half a percent. despite the market selloff that you see, dow down 441, gol goldn
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sachs and morgan stanley hitting record high and they've reversed and goldman barely down a quarter of a percent and morgan down just under 1% and financials may not be as sexy and they'll have a booming second half for one reason in particular that actually has a tech component. joining us with 2.6 billion in asset under management and capital ceo and cio jay hatfield. you like those two names because why? >> thanks for having me on, liz. i used to be an investment banker and i know how the waves start. first the public companies start to rally hard, which they've already done and then the ipos start to build. but they take awhile. it's not that easy to do ipo and three to six to prepare. we think that they are fortelling with a boom in i -- foretelling in the ipos and then
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deregulation. liz: thinking the boom focuses around ai names and flush with success over the pes few year? >> ab chutely and need to compete and get cap fall and acquisition and merging other companies and access to capital going to be public capital and getting it quickly and going for them. liz: ipo requires investment bank to bring it to fruition and going for that and why you like them going for timing and it's so much to be wrong about a lot of things and these stocks were right and wrong about tariffs and tariffs don't affect investment banks in a while. >> rates for ipo boom to go stronger and highs and we think it's a resilient call and worry about meta margin and going to
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be good or not depending on the fed and rates are the number one call and it works and all weather call. liz: worried about the fed pausing and they've been sending signals. today we had two fed heads and one for sure saying we can stay in place and not cut rates nor quite some time now. >> we're optimist and i can don't need to cut rates and core pce rolling down to 2.5% at end of this month and we'll get visibility on that next week. they're going to be under a lot of pressure to cut if we get to 2.5 by the end of this month. liz: jay, we're all under pressure and waiting to join us live is kudlow. in the meantime, dow and s&p nearing the end of the week near session lows and nasdaq going with monday a president going to say tariffs on countries and they'll be all over the market reaction. david: hello, folks and welcome
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