Skip to main content

tv   Making Money With Charles Payne  FOX Business  February 14, 2025 2:00pm-3:00pm EST

quote
2:00 pm
go and walk and get your food. taylor: on a cold, snowy day? if. brian: do you walk upstairs instead of taking the elevator? because the same logic would apply. dagen: i stopped ordering food, actually. i don't order in ever now. i cook all hi -- brian: you've reinvented your life. moved to jersey -- >> i still have the resting -- face. [laughter] brian: andrew, homage to you because when we order food, we have our kids go get it. [laughter] jackie: you're employing them. brian: if we're employing them, and the compensation is the food that we order, and i think it's a fair if deal. >> i think's great. i have my kids make the food, probably for you ordering it. brian: i love that. chef andrew gruel, thank you for being us for the hour. and to the chef of "making money," charles payne. charles: and i'll give you the chef's kiss. thank you very much. i'm charles payne, this is "making money." happy valentine's day.
2:01 pm
the market mostly moving sideways, but the upward bias remains in place, and that's fantastic. ryan dietrich always comes up with these doozies, so when the market's up 3 or more on valentine's day -- 3% -- it's usually a good omen. look at all of that green. and this is not just one time, going back to 1991, up 94% of the time. as love is in the air a, so are the haters. the after sort of drifting into the doorstep of extreme fear not long ago a, just a month if ago we were right near extreme fear. of course, the headlines add constant pressure for investors, and that, by the way, is going to be your reality for the next four years, so get used to it. that they're form itch -- they're going to amplify everything. everything will be eminent -- imminent demise. investors are going to have to deal with it. yesterday the american association of individual investors, bearish sentiment,
2:02 pm
folks, it came -- it's at a levels, look at this red bar here, it's at a levels tata we've rarely seen. we've only seen it this bearish with the market less than 2% from an all-time high on three other occasions. once it was right, okay? if. [laughter] my first guest is always pointing out this retail sentiment being a contrarian indicator especially when it makes extreme moves, so i like to bring in lance roberts. i want to talk about whether or not how effective it is, more or less what you tell folks when they hear manager, a rumor, they see a story and they want to bail out of the stock market. >> yeah. it's interesting, you know, ever since the change in administration i've gotten lots of phone calls from clients, should we be all in cash? no, that's not the way to manage money. the way to manage these risks, and treasuriesings out there -- there are risks out there, charles. markets are extended, risks on different fronts, but to win a football game, you have to move the ball down the field a yard
2:03 pm
at a time. and it's the same thing with managing a portfolio which is if you're really concerned about the market market, then just take a hitting bit of risk off the table. raise your cash levels, rebalance -- charles: i want to jump into that in a minute. i want to jump into that in a minute because you laid out a whole bunch of these things that you wrote. i want to get back to the risk du jour or the frightening story du jour which, of course, are tariffs. you wrote not as bearish as predicted. in fact, many this case it wasn't just the media though. interesting, you used chatgpt which also predicted stagflation. explain that that. >> right. chatgpt says tariffs lead to stagflation, but we go back to trump's first term and actually inflation if fell, employment fell, and the very definition of stagflation is high inflation and high unemployment. and trump had some of the best unemployment numbers during his
2:04 pm
first term on record. so it's interesting, if you actually look at the markets during the period of tariffs previously, the markets were volatile. certainly had a lot of to volatility in the markets, but the markets ended up higher. economic growth was stronger, inflation declined, unemployment declined. it was actually a good environment. again, volatile, weight on investors, for sure, but the end result was a positive. and and i think we need to look at it this way as well, because this is going to work out better for the economy longer term. charles: so let's go back to ways to avoid media-driven narrative, tariffs today, it's going to happen a every day over the next four years. you say, okay, make small small adjustments. tighten up your stop loss level, hedge portfolios, take profits. raise cash. selling the laggards, that's the hardest thing to do. if a stock isn't working in a bull market p it's hard to believe it's going to outnumber a bear market. >> right. that's exactly the candidate case. if they're underperforming when
2:05 pm
markets are rising, there's a reason. we talk about there's a difference between a opportunity company company, right? if a company that's been under a lot of pressure for one reason or another, stock gets oversold, that's one thing. but if there's a company that's got fundamental problems, haas only going to be exemplified in a decline. it's a really good time to examine it and remove it from the portfolio. you can always come back to it later if it improves, but, you know, take that risk off the a table. charles: right. again, maul moves, adjustments. maybe you'll sleep better at night. it's a lot better than bailing out and being wrong just because you heard someone in the news say we could have x, y, z happen. it's always worst case scenario. a couple of weeks ago people were actually buying these iphones that were already -- that that a had tiktok intall, right? the notion is take -- tiktok's going to be banned forever, paying $50,000.
2:06 pm
well, guess what? tiktok is back on apple. but when i saw it, i thought, man oring or i've made some doozy bad investments. one bought this phone. [laughter] what's the worst investment you've ever made? >> i bought that phone. [laughter] charles: keep it wrapped up, my man. you might be able to sell it one day. >> look, i've made tons of bad investments, i've been managing money for 35 years, and if you're going to invest, you're going to make bad decisions. one of the most recent ones was i bought meta back in 2022. valuations were ridiculously allow, ash t -- low, cash flow was big. company came out, missed earnings, stock's down 20%. sold the stock. wound up buying it about 100 later. [laughter] if i had stuck with it, you know, i would have been okay. charles: yeah. we've all a done that. hey, lance, have a great valentine's day and a fantastic weekend, my friend. >> thank you. you too.
2:07 pm
charles: lots of economic data the out this morning, and i've got to say of all of them, retail sales was the real shocker. huge, huge miss. earnings estimates, on the flipside, earnings estimates doing really wellal a though the estimates, and we've talked about this during the week, are beginning to drift just a little bit lower. however, they're not drift as much as historical patterns would indicate. in other words, it's not unusual for earnings to start out at the beginning of of the year and then start to drift lore. dotted line is what usually happens, and we're here right now. so maybe, maybe not anything to panic about. let's bring in bellpoint if chief strategist with david nelson. earnings season so far, you know, the first weeks with the banks it was huge, today rocketed. since then it's been interesting. the winners, i mean, some of these stocks are going to the moon. the losers are also getting hammered. >> yeah, it's going both ways. you can see that through the entire market if through every sector. every sector is positive year to
2:08 pm
date right now, even the laggard has finally crawled into the green, and some of them are up as much as 8 8% so far. of. charles: your thoughts on the overall economy. we had a manufacturing number that was pretty good. obviously, retail sales, some are bringing california. we'll see. mixed messages, where do you think we are? we need a relatively strong economy to keep this market going after mostly multiple expansion for the last two years. >> i think there's a lot of ang ast for all the wrong reasons. look, we have a very vocal president, and this market is going to react plus or minus to 200 basis points on every tweet or everything that comes out of the white house. but when you look at tariffs, which is what everybody seems very concerned about right now, a tariff isn't a tariff until it actually is being used. first and foremost, it's a weapon. he wants reciprocity, and this is how he's going to go about it. charles: right. we've been talking the last couple weeks about some of these older names that have come on strong. i saw that you like cisco. [laughter]
2:09 pm
>> retro friday. charles: by the way, this is a long-term chart. why the? this was the original nvidia. this was cisco. this was the original nvidia. then it collapsed, and now it's making really a stealthy kind of move, has held up pretty ewell. you say now's the time to get back in. >> i've owned it in my dividend portfolio for a while, but i've add added it to the growth side as well. this is a reformed company. they have done everything right. by the way, it took a quarter of a century -- charles: further break even. >> -- for this company to do all the right things. i didn't even know we had broke even at the point, but that's good news. they are now doing all the right things, they have bought all the right companies. and what i'm looking for here is multiple expansion. charles: right, right. >> i expect this company to go back to a market multiple. at a market multiple, that takes you to 81. that's a hell of a move. charles: hell of a move. another oldish name is adobe, a company that's sort of reinvented itself for a while. this is not as compelling a
2:10 pm
chart -- >> the chart is awful, and all the growth investors that have been in this name for the last 25 years, they're gone, all right? it's new blood, people like me. this company has now revamped itself can -- charles: but they missed it, but now they're getting back into it? is this going to be a new a.i. kind of play later in. >> it's a reformed a.i. trade. look, in this building right now you've got a lot of video engineers using these products. this is the premier mace to go when you -- place to go when you want creative software. of they've turned this around, you're going to start to see it show up in the numbers. i'm looking for this to be rerated. it's going to go back to a premium multiple. maybe not the one it had before. charles: the downturn for an investor looking for something more immediate, would you like to see it move above 500, 525? >> for a breakout, it's going to have to go up 100 points. that's a breakout. charles: but you've positioned
2:11 pm
yourself. i gotta ask, i just asked lance, you know, the $50,000 iphone, someone's really crying right now. what's the worst investment you've made? >> probably goes back to my days at a lee month. -- lehman. i bought tyco. a lot of people went to jail, including the ceo who, by the way, got out a couple of years ago. charles: good seeing you. happy value aen tine's day. -- valentine's day. remember hemo-based investing three or four years ago a -- theme-based investingsome we've got the creator of one of the post successful themes back then that's a taking off again. you know what it is, ufos, folks. should you be buying? he'll tell you right after the break. ♪ if we could have it all, rolling in the deep ♪ ♪ you had my heart inside your hand ♪
2:12 pm
safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. patients who have sensitive teeth but also want whiter teeth they have to make a choice one versus the other. sensodyne clinical white provides two shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf.
2:13 pm
investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. when emergency strikes, first responders are the first ones in... but on outdated networks,
2:14 pm
the crucial technology they depend on, is limited. that's why t-mobile created t-priority... ...the only solution built for the 5g era, that can dynamically dedicate up to 10 times the capacity for first responders. t-priority. built for tomorrow's emergencies. ready today. (♪) at ameriprise financial we know our clients are so much more than clients. they're conquerors and champions, parents and caretakers, believers and breadwinners. the goals that matter most to you matter most to us. helping you achieve them is what we do best. with personal financial advice from an advisor you can trust, and goal-based investing in solutions. it's no wonder we have a 4.9 out of five client satisfaction rating. ameriprise financial advice worth talking about.
2:15 pm
when i got diagnosed with skin cancer, it was right under my eye. i was told that surgery was the only option, and i did not want to get cut open on my face. i asked my women's group to pray for me, and one of the other ladies told me about the procedure that her friend had and it was gentlecure. if you, like millions of others, are affected by skin cancer, it's important to know that surgery isn't the only option. there's another choice, gentlecure. gentlecure uses low energy x-rays to kill cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring, and no downtime. i had no pain. i have no scars. and i'm cured. amazing.
2:16 pm
to learn more, call today or go to gentlecure.com. charles: a 1929 article in "forbes" marveled at theme-based etfs and featured my next guest and his outer space portfolio, ufo. joining me now is andrew shannon. andrew, before we begin, the article called you a wunderkind,
2:17 pm
you know, of course, extraordinarily successful at a young age. how did you even get involved in all of this? >> i was lucky enough to show up to a job interview that i didn't even have during my senior year of school. i got placed on the new york stock exchange working for the largest etf trading firm at the time. worked by way up and eventually people said why not try launching your own ideas? here we are. charles: at the time, ufo was your fourth -- >> so i've sponsored over ten etfs in the u.s., participated abroad. my first etfs in the u.s. i was 27 years old, and ufo is our flagship fund. charles: so we're going to put up a chart because, you know, a few years back it was sky's the limit, right? no pun intended, maybe some pun intended. themes are huge though. i had a lot of guests though, they were all a doing thematic stuff, and then it sort of faded away. ufo came down a lot on light volume, just kind of faded.
2:18 pm
but now it's coming on like gang busters again, the volume is there. one of these things where maybe the fundamentals are starting to catch up or are caught up with the hype? >> going back to the end of 2021 for the space i have, so much of that was because of really kind of overanticipation of some of these spac names that were pure play space companies that were now going to be available for the investing public. just as a company could go public via a spac didn't mean it was necessarily a good idea to do so. and now after a lot of the babies being thrown out with the bath water, some of these names are coming back on their own fundamentals. charles: i keep telling people, i was a huge critic at the time of those ipos, of those spacs, because i think it was the greatest ripoff of the american public in list are i. they were going public two, three, four, five, ten times more than they were worth x now that they f come down, it's a nutrient-rich place to find a lot of money. full disclosure, i love rocket
2:19 pm
labs, i had the ceo on. i'm in the sock to what's your thoughts on that? if. >> it's been a stock we're exciteed about. there's a immediate for lawn of. now. there's -- need for launch now. there's a tremendous demand to build out various constellations, talk about tens of house of satellites required for -- thousands of satellites. rocket lab happens to be one of the companies -- charles: it seems interesting because, obviously, everyone thinks spacex which, obviously, or they should. but i don't think folks understand how large this space is, and there is room for other names. >> absolutely. before it was old guard players like the united launch alliance, and now you have some of these more vibrant start-up companies that have great ideas as well. charles: asps is another one i have subscribers in. do you like this? >> it's been a name most people didn't know, and starting in may of last year that name turned on a dime getting big contracts with companies like verizon, at&t. charles: intuitive ma a cheeps?
2:20 pm
>> concern machines? >> they're the company that this people look for when they want to do something on the moon. people are starting to understand this name. charles: are there some that, you mentioned asks, it was not on anyone's radar -- asds, are there a few of them lurking out there right now? >> possibly. we're able to invest globally as well -- charles: right. i notice you have european and asian names as well. >> absolutely. we're getting different exposure, and some of those could have interesting opportunities. charles: without a doubt, this is more than just hype. >> we know that the space industry is already calculate -- critical. there's so many overlaps with a.i., cloud computing that people getting is excited about investing in. many to those industries -- many of those industries don't work without space. charles: worst investment you've ever made. >> back in 2010, silver out of the money calls and i tried rolling them all a over if silver kind of collapsed. so not using stops is something that definitely hurt me there.
2:21 pm
charles: should have read the autobiography of nelson bunker hunt. we'll talk about that later. you've got a new etf, you teased me, so when it's official, let us know >> absolutely. i look forward to it. charles: congratulations. elon musk and the doge team moving quickly. trump's whole team, they've descended on washington d.c. ir, s pentagon concern irs, pentagon. who could be next? luckily enough, congressman aaron bean will join me, doge caucus co-chair. ♪ another one bites the dust ♪ another one bites the dust ♪ and another one's gone, another one's gone -- ♪ another one bites the dust ♪
2:22 pm
♪ (vo) weight loss. for so long, i felt stuck. i tried, and tried again. lost weight, gained it back. but zepbound means change. zepbound is for adults with obesity, to help lose weight and keep it off. activating 2 naturally occurring hormone receptors in my body, zepbound works differently. it's changing what i believe is possible when it comes to weight loss. it's changing how much weight i lose. up to 48 pounds. and some lost over 58 pounds. ♪ don't take if allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2.
2:23 pm
tell your doctor if you get a lump or swelling in your neck. stop zepbound and call your doctor if you have severe stomach pain or a serious allergic reaction. severe side effects may include inflamed pancreas or gallbladder problems. tell your doctor if you experience vision changes, depression, or suicidal thoughts, before scheduled procedures with anesthesia... if you're nursing, pregnant, plan to be, or taking birth control pills. taking zepbound with a sulfonylurea or insulin may cause low blood sugar. side effects include nausea, diarrhea, and vomiting, which can cause dehydration and worsen kidney problems. zepbound means change. discover the weight loss you could be bound for. ask your doctor about zepbound. 7 million us businesses rely on tiktok to compete. within a week of posting, i had over $25,000 in sales. i don't have a million dollars to put towards marketing and branding. tiktok was the way and it saved my company. we had a video do really good this week. sales were up 29%. about 80% of my business right now is from tiktok.
2:24 pm
small businesses thrive on tiktok. tiktok brings in so much foot traffic. i need tiktok to keep growing. we have so much more work to do. (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ ♪
2:25 pm
in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there.
2:26 pm
charles: all right, so the impact of the trump administration on the bureaucratic state, folks, it's been amazing. think about this, right? think about how marbled all in the special interest manufacturers has been. i think about earth's inner core, can we ever get there? it seems impossible, but headlines so far have just never stopped, and perhaps the most telling is the spike many searches for lawyers in washington d.c. that's up 400%. if. [laughter] i guess they're trying the get out of there and cover their you know what. my next guest is plague a pivotal role -- playing a pivotal role. doge caucus can co-chair, aaron boone. congressman, how surprised --
2:27 pm
aaron bean. how surprised are you at this successesome. >> first of all, happy valentine's day, charles payne. it's great to be with you. i can tell you, romance is in the air. and when's fallen in love? -- who's fallen in love? the american taxpayer has fallen in love with doge. i think it's a long-term relationship that's working out real well. the american taxpayer truly is rejoicing right now, and you're right, your earth's crust could we ever penetrate, i think doge is making moves right now. charles: what's the most egregious abuse that we've covered or you've uncovered thus far? >> do i begin? [laughter] charles: that's a loaded question, right? they get crazier and crazier every headline. >> it does. now, charles, here the thing, some sol of this now you would think are they just is incompetent in are they just, you know, blatantly carrying out their own agenda, but it's bordering now on criminal. when you violate a law, that is
2:28 pm
criminal. so it doesn't surprise me, your graphic of everybody searching for attorneys, because as pam bondi pointed out, there's a new sheriff in town. and, hopefully, everybody, there's a new era of accountability in town that i think the american taxpayer and everybody, just americans in general who have quietly gone about their business for the last four years and have seen no accountability. charles: right. >> accountability is back and, hopefully, everybody will be accountable. that's what the american people want. that's what we want. charles: there's no doubt about it, you know? but or of course, we're talking, again, very powerful entities, and they've got a lot of folks in the media trying to circle the wagons. and one of the things critics are saying, you know what? a billion here and a billion there, maybe someday we'll be talking about real money, but right now it doesn't amount to the hill of between -- of beans. what do you say to those critic is the? >> it matters because we're slowing down that a debt clock
2:29 pm
that's just going crazy. and finally, we've got people hard paying attention -- that are paying attention that are focused on saving money. so so the hip has to come to a -- the ship has to come to a stop first before we can turn it, and i think we're making progress. every dollar, i would argue a every dollar counts. and, finally, a billion here, a billion there, it's starting the add up the real money, for sure. charles: let me interrupt all of this celebration because it's worth celebrating for the american public go back to the republican party, the gop. finish i'm kind of concerned. are they going to blow it when it comes to tabs cuts? right now it -- tax cuts many it feels like a lot of of finning or-pointing within the party. >> it's hard. i wish i could say it's easy, and everybody thinks, oh, we've got the majority, it's a piece of cake, but we have to thread the need. we have to have a near unanimous decision where everybody has to come together. that's not easy. and that's the one bill versus
2:30 pm
two bills. and i've always said it's easy to take the sugar. you know, when you're taking medicine, medicine tastes yucky, sugar tastes good. everybody's going to vote for a border bill, and everybody's going to vote for money for the border, so to that's the sugar. what's going to be tough, the medicine is, is tax cuts that that get extremely my dated -- complicated. fiscal conservatives like myself may end up having to vote for things that we totally, we don't want -- you know, we won't get our way completely. that's tax code. that's the tax code. so putting them together as jason smith and, chairman, and as speaker johnson want to do, i think that's a better play. whatever it is, we're going to get it done. the american people deserve it the get it done. we're going to find a way, charles payne, not to fumble the ball on the 1-yard line, put it in the end zone, because that's what the taxpayers want and what they voted for. charles: so far, so good. congressman bean, great job.
2:31 pm
>> go get 'em, happy valentine's day. charles: you too. let's bring in the great larry kudlow -- >> what did he just say? did he come out for the tax cuts or against the tax cuts? charles: he's saying heir going to get it done, that even someone like him who's a strict fiscal conservative is going to find a way to get it done. >> the only way to get it done or the best way to get it done is to take the advice of congressman from idaho, michael crapo -- charles: right. >> -- and construct your own baseline which is permitted by the reconciliation law. the budget committees create their own baseline. and the baseline they should create, as crapo has been trying to tell people -- and he's done it pretty well in the senate, it's the house group that doesn't seem to understand it -- is current policy, this law, these tax cuts have been in place for seven years. they are current law. they continue on forever. neutral scoring. you do not have to score them
2:32 pm
again, and that's the baseline. ignore the cbo. by law they can ignore the cbo. and then the cb if o has to score what they cooff of the new baseline are -- do off of the new baseline. charles: right. >> this is what they're missing, and i find it vexing because what this guy was just saying, i don't know what he was saying. it was yum,ed -- i hate to be, i don't want to be personal, but i didn't understand it. you ought to get the entire tax cut extension in right away. you gotta get trump's 2.0, the saw % concern 15% on domestic production, the tips, the overtime, get that all cone. make good on your promises to help middle class americans. the blue collar boom how old start right away, either newt gingrich told me if hay don't get it done, they will lose the congress next year, okay? and destroy trump's presidency. and i don't know why they're quibbling over what i would call little -- you know what i mean. charles: so the c box part of this, i've heard for years that
2:33 pm
the cbo is ineffective -- >> ineffective and wrong. charles: right. always. and yet it feels like folks on both sides of the aisle kind of like that because if it's also easy to manipulate the cbo. >> well, i don't know that. charles: to prove a point. in terms of their estimates, hey, whatever you feed into the- >> here is what the cbo does. the cbo bias withs all of their estimates toward higher taxes and more spending. if that's the basis of the cbo so of called current services baseline. it's utter nonsense. if -- plus, they are wrong. go back, i don't care, you can go back 40 years, they are wrong. they don't understand the supply-side effects of lower marginal tax rates. not only does it produce high higher which puts off revenues, less tax avoidance which gives you more revenues, it also a cuts the budget deficit by trillions of dollars. that's what they've missed.
2:34 pm
they miss it all the i'm because they're biased against tax the cuts. charles: i saw an article from jason furman, and i thought about, obviously, he was critical of biden throughout. the post-neo-liberal delusion, that a there's still folks in the democratic party who are clinging on to bidenomics which he says was an absolute failure. >> right. jason furman is an old friend of mine, and i'm going to say he has a lot of integrity and a lot of honesty. i don't agree -- he's not a supply-sider, okay? he's not some crazy keynesian liberal either, but he's done a good job. he was critical from day one, along with larry summers, i might if add -- charles: right. >> and i appreciate what jason is writing on this. bidenomics was a fail cure from day one. what is it, modern monetary theory? charles: yeah. [laughter] >> you can spend and tax as much as you want, the fed can print as much money as you want.
2:35 pm
all that stuff is nonsense. i hope question never -- we never see it again. charles: he and larry summers predicted the inflation we would get, and we got it. president trump, it was byrne a while -- it's been a whirlwind. what these hostages that have been returned are saying, listening to rfk jr., you get goose bumps really. but what i think is so amazing, he's done the things we thought economically, but the diplomatic stuff is standard -- starting to unbold, and it feels like this russia-ukraine -- >> brilliant statesmanship. charles: right. >> the europeans are beating the heck out of trump right now at the munich defense conference, and they're all a wrong. he's not giving away anything to vladimir putin. he's trying to make a peace deal. and joe biden never had the courage or backbone to talk to putin directly. charles: right. and the argument, the sort of notion that a putin is winning or will have won, you know, listen, wars come to an end. there are conclusions to wars
2:36 pm
and conflict and, guess what? it's not an argument over who won or, you know, like the idea that they were going to push russia all the way back and reclaim things that were lost under obama always seemed to be a far-fetched fantasy, and all it led to is a lot of hundreds of billions of dollars and more importantly, hundreds of thousands of lyes. >> right. millions of people died, injured, whatever. you always have to lower expectations before with you have these peace deals, and i think that's what president trump is trying to do. cals chas yeah. >> and, look, you mention mentioned the diplomatic initiatives in the first copy of weeks here. it's -- couple of weeks. it goes russia, ukraine, middle east, israel, iran, hamas, hostage release. come to the western hemisphere, a warning to china about the panama canal. a warning to south america about chinese infiltration. a warning to china and russia about greenland, which is a strategic point. and now this article you gave me, japan, u.s. and france
2:37 pm
conduct the first carrier drill off the philippines. yesterday, last night mr. trump made a big, long-term defense deal with india which is a very important player for us on our team. charles: right. >> against china, to keep them contained, and that will affect taiwan. so this is a global diplomatic outreach by mr. trump. i believe he is providing the best american statesmanship we have seen in many generations, charles. charles: it's hard to argue. harry, thank you so much. >> got through a lot. charles: you did. thank you very much. [laugher] of course, make sure you watch -- and i look at the ratings, i know you do, but i'll remind you anyway, "kudlow." the real rocketship at 4 p.m. here on fox business. meta has been on an absolute tear, on the verge of closing at an all-time high for 17 days in a row, 17 is sessions in a row. and i've got a theory. it's got something to do with a certain glance. that's next. ♪ how deep is your love?
2:38 pm
muck how deep is your love, how deep is your love? ♪ i really need to learn. ♪ 'cuz we're living in a world of fools ♪
2:39 pm
(vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way.
2:40 pm
and having someone who can help you get there. the key to being rich is knowing what counts. (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go.
2:41 pm
when i got diagnosed with skin cancer, it was right under my eye. i was told that surgery was the only option, and i did not want to get cut open on my face. i asked my women's group to pray for me, and one of the other ladies told me about the procedure that her friend had and it was gentlecure. if you, like millions of others, are affected by skin cancer, it's important to know that surgery isn't the only option. there's another choice, gentlecure. gentlecure uses low energy x-rays to kill cancer cells
2:42 pm
with a 99% cure rate. plus, there's no cutting, no surgical scarring, and no downtime. i had no pain. i have no scars. and i'm cured. amazing. to learn more, call today or go to gentlecure.com. the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪
2:43 pm
♪ i can hardly wait to hold you in -- ♪ feel my arms around you ♪ charles: all right. the look of love. actually, i'm calling it the glance. in that now-infamous photo of mark zuckerberg glancing at lauren sanchez, girlfriend of jeff bezos, the stock has been on fire: i'm not sure how much of that moment has contributed to the meta rally, but it is a rally for the ages. coming into today's session, it was up 19 days in a row, 17 new all-time highs, up 19%. the stock was down in the premarket, it's one of these things, right in many are saying it's a cruel move considering this stock is making record highs, and they've never had this much or cash in the bank. many are also shocked saying the old zuck, he would have never been this unkind. but right now investors are loving the new zuck, including my next guest. let's bring in rob luna. rob, over the years we've seen
2:44 pm
the zuck a few years ago who was so passionate about the metaverse, he spent too much money. facebook's stock crashed. everyone walked away. then he saw the maturation of zuckerberg who spent less money on passion products. it feelings like this is the new bad ass stage of him, right? certainly, the street is pumped about it. >> absolutely. and we saw with the current administration, with trump based off of his previous administration the conflict with those two. we saw him come around, kind of keys the proverbial ring, if you will, charles. the market loved that as well. i think he's making all the a right moves right now, and this is a platform, charles, if you're a entrepreneur and trying to grow your business, if you are not on instagram and facebook, you are leaving money on the table. i know you love x, charles, but i'm still trying to get you to instagram as well. it's a huge opportunity. charles: i know. it's just a lot. it's a lot. i've got to clone myself. [laughter] you know what i find interesting, during the heyday of the tech bubble there were
2:45 pm
these ceos, one guy wanted to lift 300 pounds and run a sub- minute three minute mile. zuckerberg's doing martial arts. is this part and parcel, and does it play even a psychological role for investors? >> yeah. i mean, it's funny, charles, when you look at people, i've worked with a lot of wealthy people, what you realize at some point is health is one of the most important things. a lot of these people wake up at 5 a a.m. a, they're in the gym, they're physically fit. and if you look at jeff we sos 15, to years ago -- jeff bezos, he's more ripped now, better looking. i think it is one of the hallmark ifs of what a good ceo's doing, take iging care of yourself, and making sure you're around to lead the company. charles: these stocks have done very well. flag star financials, serve robotics and hims and hers. i'm in hims and hers, i don't know if i'll ever sell it. what's going on? [laughter] >> well, look, you know, i
2:46 pm
appreciate you saying concern serve's getting beat up today. i want to talk about that one really quick because you're seeing jensen from nvidia selling that. he sold sound hound as well. this, i think, is a huge opportunity. i'm glad i'm on talking about it when the stock is' down so much. but hims and hers, charles, i think this one hits $100 probably by the end of the year with. don't get off this ship too soon, i think it has a lot part to go. and flagstar, this was the old new york bank corp.. i think this stock hits 20 the as well. they're under the ray radar, and not a lot of people are paying attention, but they're killing the s&p this eye. you've got to look at these small names. charles: real quick example, do you use a stop with them or buy into the story so that your not stopped out in. >> yeah, it's a great question, charles. these are not for the favorite of heart. anyone if can talk about cisco or microsoft, i'm trying to bring names that are more undiscovered with the caveat, like you said, they are going to be volatile. but s&p stop orders are going to
2:47 pm
crush you, i'm telling you. you've got to give two two two to three years, you've got to believe in them. 9 if the thesis changes, then get out of them -- charles: a couple of cross, upstart, i featured that this week. that's another name that's coming on like gangbusters. before i let you go, rob, one of the things a they based off people paying $50,000 for an iphone because they had tiktok and now, of course, that was the worst investment you could have made. your worst investment. >> yeah, charles, it's a couple penny stocks. i won't talk about the names, because it hurts too much. [laughter] full diss clear -- disclosure, not enough transparency for me, stay away from pink sheets. charles: my man. happy valentine's day. all right, folks, love is in the air except when it comes to working from home and jamie dimon. oh, my goodness, beat until you hear his thoughts on that. and also a wait until you hear some of the other things. i've got an amazing power panels
2:48 pm
to get their reactions on remote work and a lot more, right after this. ♪ i'm a fool to do your dirty work, oh, yeah. ♪ i don't want to do your dirty work no more ♪ great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.
2:49 pm
2:50 pm
2:51 pm
after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap.
2:52 pm
let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. louis! okay everybody, that's lunch! (♪) mud mask? (♪) when emergency strikes, first responders rely on the latest technology. that's why t-mobile created t-priority built for the 5g era. only t-priority dynamically dedicates more capacity for first responders.
2:53 pm
charles: you can't have one without the other. love and marriage, frank sinatra classic and always linked to married with children. didn't do much to promote either one. welcome to the special valentine's day power program. bringing in wealth management rebecca walzer and starting with
2:54 pm
the economy first. it's a economic show and new piece out from our friend, which is intriguing because the way she wrote this; right, she says as being single bad for the economy? then the subplot, a society with fewer marriages may be happy, but it works as economic inequality. what do you make of this? how does she know? we know marriage is important for prosperity. >> obviously two household combined income giving you a leg up and children not reproducing ours and that's a problem and lot of lawmakers need time port people because we're not pre-producing ourselves, charles. overall marriage is absolutely, even from a legal perspective, the bag bone of any healthy society. charles: society happier with fewer marriages? >> don't want to touch that one. i think a lot of young people not getting married are just not able to find suitable spouses
2:55 pm
and they're not finding mates but want to. charles: one real issue for real marriages are fake marriages or at least work spouse. take a look at this. [ eerie music playing ] charles: the worst card of valentine's day. give me the trenches. >> it's a joke and running for the visit and if i bought a card for somebody at my practice like that i think they'd be like, what's going on here? i would never buy that card. charles: sounds like you're bridging into something more physical. >> yeah, me too went a little too far in overcollect and i have a little too far back and subtitle is i'm glad i found someone as inappropriate as me.
2:56 pm
i'm shocked our culture is back full circle. charles: are you really shocked? >> it's real. charles: it's real. the real thing. how to keep romance going and ikea offering a valentine's meal for $20 a person. the cheap person might be a baby boomer. they spend a lot less than gen z and millennials on valentine's day. ricky, why do you guys spend so much on valentine's day. >> the relationship is fresher and you're trying to woo them. charles: still in the real honeymoon stage. >> you're not just like tired of spending $25 overyear and less fiscally responsible in general and one or the other but the first is romantics so we'll go with that. charles: okay.
2:57 pm
>> the only thing i know about ikea and their food options are those little swedish meat balls and if anyone wanted to take me to valentine's day for the ikea swedish meat balls, i'd be like, forget my name. like never call me -- no offense, i'm sure they're good but not going for valentine's day. charles: is there a minimum there? >> i mean, no comment. [ laughter ] charles: do you have a minimum, ricky? i see it all the time on social media and take me out on the first date and not spectacular, drop 2, 3, $400 or you're not serious. >> i think a thoughtful date and not like the corner bar you bring every first date to is what matters. >> if i can spend more on myself than you are, that's a hard pass. charles: they were in a movie
2:58 pm
and it's a classic, how to marry a millionaire and seems quaint these days and everyone wants to marry a billionaire. it helps to be in the upper crust already. ricky, any friends looking for a billionaire? >> those are not the types of people i'd hang around. charles: too superficial? >> yeah, you marry someone you see potential with, not just their net worth but there's apps that you have to make a certain amount of money to even sign up for and like this exclusivity around dating and a trend of stay at home girlfriends, which are like girls that aspire to date a guy then metedly quit their job sitting at home doing pilates and there's major by-fertilizer indication. buy fertilizer indication. billionaire men don't go with anyone. >> yeah, there's a really low
2:59 pm
rate of billionaire women but 65% are marrying a billionaire man. i understand that. if you're not someone that has that level of wealth, it's hard to relate to the mcdonalds fry person. charles: a comedian said that and a millionaire -- a million man can go to mcdonalds and see a woman that's sexy on a fry machine and he'll take her out but vice versa, a millionaire woman wouldn't date anyone in the joint. we're going to switch from love to not love but maybe hate. jamie dimon's philosophy of working from home. >> it doesn't work and not for creativity and slows down decision making and don't give me the [bleep] work from homeworks. the young generation is being damaged by this. that means they are being left behind. we didn't build that great company by doing that and same semi-disease [bleep] that everybody else does.
3:00 pm
charles: i'm putting him down as a maybe work from home. i love the fact there's no traffic. rebecca, you run a big business and most people come in. >> there's a hybrid schedule and that's a great thing and it's their entitlement and their expect it and their right not to work from the house on fridays and it's not your right. >> as a remote employee, i am going to put that out there. i have an issue with like this whole i'm going to petition my boss and i have a right. that's one thing and one thing i think remote work is important for that no one talks about is especially for women that want to create a family and have that work/life balance and the economy needs more children, just prefer work from home. charles: thank you both very, very much. someone that works from the office every day, liz claman, over to you. liz: oh, tv magic, charles. charles: no, okay. liz: thank you

0 Views

info Stream Only

Uploaded by TV Archive on