tv The Claman Countdown FOX Business February 17, 2025 3:00pm-4:00pm EST
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charles: on that no less than a minute to go but higher inflation numbers last week we saw a big hit to retail sales, where you feel like the economy is going. >> definitely softening were increasingly seen when we combine the retail sales figures with the credit data that much of the last several years government and the consumer side the spending has been fueled by credit as the credit is running out as banks are unwilling to lend to consumers or consumers take on more debt, whatever the case may be that's putting the brakes on spending we will need productivity and income to catch up where we've gone to in terms of spending before we reach anything sustainable. charles: always appreciate these conversations. absolutely fantastic. taylor riggs is in for liz claman. >> i'm hoping the ad productivity will grow was way out of the debt problem.
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good to see you, so fun to have you earlier. hello i am taylor riggs and for liz claman. equity bond markets close for presidents' day but we are working, you know what does not close, crypto. bitcoin, ethereum, litecoin, x rp all down almost 1 - 4.5% across the board, also take a look at nat gas that is dropping earlier your down 2% but interesting crude oil higher by 1%, this is all on reports that opec plus may push back supply increases despite president trump's calls to lower prices, meanwhile we have bigger needs to watch this week. walmart, ali baba, booking holdings and of course in economic data the fed minutes releasing wednesday all of this were going to do with the floor show. joining me i'm pleased to say slate stone wealth chief market
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strategist kenny polcari and interactive brokers senior economist josé torres. great to have both of you with me even though the market is closed we are open. start with me a broad picture, the s&p 500 that is close to where we are for records how are you gauging sentiment in the equity market? >> it feels a little bit tired to me we've been struggling with the 6100 range for a little bit unable to pierce through them we get economic data that starts to suggest that the consumer is taking a second look. with the strong end of the year end holiday shopping season i'm not necessarily surprised that we now see the consumer taking a breath or a step back, do i think it is the end i don't think it's the end but i do think the consumer is absolutely stressed-out and maxed out at the moment. taylor: josé, your thoughts on what is been arranged out as
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6100? >> i think we need a little more time to achieve further gains as far as retail sales last year we saw a lot of consumers manage their budget like light switches we had one month of very strong retail sales followed by large retreat. i think january's figures are a one-off and elevated price pressure in the subdued household spending were a one-off. i think we will see it accelerating economic growth picture this year. my forecast at 3.3% interactive brokers prediction market and a poignant road ahead. as far as what's propelling the consumer at the high-end you have these capital markets in the low and mid strong labor market subdued unemployment, rising paycheck growth and that is a push to consumer forward and as far as the market evaluation is stretched but rates if they don't move much higher i think we have a chance of seeing the tenure at 4.5% or
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below for the rest of the year end that's driven by government spending as well as discipline of the treasury keeping those options study. taylor: talk about what josé is commenting on the push and pull with inflation but hopefully spending cuts that will fuel the consumer. when you think about the push pull we're looking at higher inflation numbers than expected last week with ppi and cpi at consumer that feels like the one year inflation expectation are a point higher in the survey that we had on friday how much of a headwind is not going to be. >> the ppi is up three months in a row and for the last three months the ppi has been higher if you look at the three month ppi in three-month cpi that is higher at 4.5% that the
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annualized rate that the three-month read is riding up. i think the problem will be inflation and is going to be, while i don't necessarily want to see you i think the fed was too aggressive last year when they cut rates aggressively. i think they reignited the inflation monster so i think the fed will have to stand back. to that point it doesn't mean the market can't function we can afford half or 5% ten year if the economy remains strong and vibrant and robust. the problem will be if we start to see the labor market we can order the economy weekend then we see inflation will fire causing the tenure to move higher that would be the issue. am i bullish on america, yet semi-bullish on the market, yes i think short-term 6100 is a level that we've been testing it's a little bit stretched and needs to pull back and consolidate before makes the next move higher.
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taylor: both of you are mentioning the ten year yield and i got my financial news talking about bonds is music to my ears. kenny is break it under breed up a good point it's always about if the equity market can push higher because it is the why behind why the ten year yield is rising. if rates are rising on higher growth expectation you can have an equity market that can still rally but if he gets up to the foreign half maybe 5% even though i you said we might be capped at four now percent because inflation expectations are rising is that a different story, the why behind why the yield moves important as you think about the economy and equity market? >> absolutely. we bought lofty growth expectation wedo wanted to be arising term premiums or taller inflation productions. part of the reason why i bullish on the market this year. inflation has been good for stocks we've not been at the 2%
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target in four years in early 2021. 2023 and 2024 roughly 25% each. i agree with kenny i think the inflation is a risk but i think we stay around 3%. can the fed turn around and hike this year after going the way last year start enough of the supersize 50 basis point cut in september they pigeonholed themselves into easy and now the bar is exceptionally higher for them to turn around and begin hiking. do we have a sector or stock that you love. >> i like financial and consumer staples. boring nothing sexy but in the environment that were talking about those are two areas to sectors that have to be involved in separate from technology for sure.
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>> kenny polcari, josé torres we appreciate your time meanwhile breaking news, a while ago u.s. secretary of state marco rubio met with saudi arabian officials including saudi crown prince in riyadh. this is the head of a meeting between the u.s. and russian officials in saudi arabia to discuss ending the war in ukraine we know the ukrainian leaders are notably expected to be absent from the negotiating table as members of the trump administration are seeking to strike a deal involving the country's vast natural resources in exchange for continued aid that's where we go with fox business edward morton who traveled to ukraine to get the exclusive scoop on the deal and i'm pleased to say he joins me live from the home base of the white house. ukrainian president zelenskyy refusing to sign a partnership with united states.
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today in the united arab emirates zelenskyy signed a trade deal with the uae and without. $69 million to the gdp of uae $875 million to ukraine's economy over the next five years the uae helps broker trade deals for soldiers on both sides this is president trump set secretary of state marco rubio with the national security advisor michael waltz and special envoy to saudi arabia laying the groundwork for the trump putin meeting. listen. >> the united states and europe has supported the effort but the united states unquestionably has borne the brunt of the support over the years but now president trump is clear and needs to come to an end there are key tenants that will drive these negotiations. >> the first step of a multiphase in the invasion the deal offered wednesday in ukraine by secretary scott
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bessent, sources tell me would be a 50/50 joint partnership that includes mining for rare-earth minerals energy like oil and natural gas and infrastructure which gets the deal to $500 billion the level president trump talked about. the argument for the administration that more u.s. interest in ukraine worth protecting would deter russia for more incursions plus the president will go after russia's oil. listen. >> if necessary the russian leadership should know if president trump directs me we will go to maximum sanctions on russian energy as soon as possible. the economic partnership deal would also recoup the cost for american citizens of the weapons that they have been spending in the amount of money given to ukraine over the past three years. taylor: we appreciate edward lawrence. meanwhile walt disney marble having a marvelous box office this weekend after the film captain america brave new world
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is ringing at the cash register. we have more on the film starring anthony mackie and we have anthony probably no you know him as a crypto investor who has his finger and a lot of different entrepreneurial pies one of them is the closest to owning your own business "the claman countdown" is coming right back. ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management when winter season hits emergen-c supports your immune system with so much more than vitamin c. be ready to fight back with emergen-c and for on-the-go immune support try emergen-c crystals. no water needed. (marci) what is going on? (luke) people love how the new homes-dot-com
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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. taylor: wave fox business alert broad, and simi working on separate deals with intel that would split up the american chipmaker the wall street journal reported abroad, exporting a bid for intel chip design and marketing business taiwan semi in the early stage
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talks for intel's chip plans, trumps terror threats can impact tests is fully self driving approval in china according to the ft tesla was told no set timeline for regulatory approval of its entitlement striving technology this comes after telsa previously said it was expecting the green light in the second quarter and ev maker hoping to take the next step in the second-biggest market to catch up with competitors. take a look at spotify. reportedly working on a super fan subscription tier that will include higher-quality audio remixing you want to be the dj and early access to concert tickets. including two bloomberg the streamer looking to charge $6 a month on top of existing subscriptions spotify current subscription starts at $12 a month. dissing marvel has scored the biggest movie debut of the year
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so far with captain america a brave new world is squared up $100 million at the domestic box office in the opening weekend. $192 million globally but the return of captain america receiving mixed reviews only 51% score on rotten tomatoes and a b- sinema score. perhaps you won't end up as buff as captain america but the founder of the famed rx bars promises the new david protein bar will decrease fat and increase muscle with about $10 million raised in funding founder peter rahal is here to explain why his products is raising the bar versus his rivals. that is next. ♪
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burning seals and packaged food companies including conagra, campbells, craft times and jm smokers shares of the beef jerky maker is about down 8% year to date where you work because you fear he and, david protein bars that is the company behind the bars in the claims to pack more protein is punch. about 28 grams that any other leading brand and 0 sugar is sounds good to me joining me and please design a fox business exclusive peter rahal, the founder of the david bar he sold the rx brand that you probably know as well to kellan over for more than half a billion dollars. great to have you, our audience loves entrepreneur will success stories we love to see someone small go big and soft to be company talk to me how you came up with the name.
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>> thank you our namesake is david which is michelangelo's masterpiece sculpture and when you look at the symbolism of the value that it takes to scope the we share the same values of our company and how we put our work which are centered around intelligence and discipline. taylor: talk to me and holding the chocolate chip cookie to flavor this is one of the fan favorites, how did you come up with that idea of the protein but calories of a stack. >> me michael father came together and we asked the question with the probe team bargain with the purpose. when you take about a protein bar you want the most about approaching with the least amount of other ingredients, that means a protein bar 28 grams approaching, 150 calories you and 0 sugar. taylor: talk to me about the ingredients i'm excited about the make america healthy again movement where i want to pronounce the ingredients simple
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is best. the rx bar appeals, you can pronounce things, this is in the kitchen. is this a different approach to that. is this different. >> once ingredients are everything in the other side will be new nutrition facts everything. it is really the vcd epidemic and over time it's been pretty clear that protein is the most important acronym she is the most for shading and purchase put into priority. >> and from the customers are willing to go for something higher protein even if i cannot pronounce all the ingredients. i'm not saying it's bad. but it's a better option because it's filling me up and healthy. >> would you look at a processed food like a protein bar you want as much protein as possible when
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customers are looking to the counter the looking for the most protein with the fewest amount of calories. >> the make america healthy is an impact to your business in a negative way. the make america or make america healthy again. i think the emphasis is on protein is the most important i think it's pretty clear it's a giant absent that causes a lot of problems. taylor: interesting. our audience is financially focused while your profits in your sales can you give us numbers by the success we've done under 20 million sales mostly on our website and amazon and were forecasted to do 100 million in the first full year which were very proud of in
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these type of businesses should work quickly. taylor: that's pretty fast especially for a new start up ran. talk to me about the fundraising environment a lot of people came in and trump coming into office highlighting lower tax rates on the horizon good for entrepreneurs and small businesses does that mean more people with higher interest rates are lined up to help give you the money. how's the fundraising process been. >> since trump is been an officer has been an optimism that you can feel so people risk capital more available and see a lot but interest in investing in something in early stage for in the hopes of a track record multiple interest for this category. taylor: part of the track record in the introduction was rx bar
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sold to kellogg. some people get worried a producer and i had the same question before the segment. if i love the rx bar and was it sold to a big corporation and they want to mass-produce does not mean the ingredients change or can we still hold on to the values that originated with them. >> the brand's position is a long cleaning label hopefully gradients it would not make any sense to destroy that inspires entrance to mars in color is doing to is to protect is not rational concern the last thing you will do is disrupt the quality. it is a myth. taylor: on your website andrew hoberman who love us follow on instagram has been a big proponent of this, does that mean it is geared a little bit more towards men than women or
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who is your ideal customer? >> it's really 60% of her website sales are coming to window they are more planned and then prioritize their meals more less impulsive, the reality is protein is important for everyone. anyone who is trying to get a protein target like 1 pound per per -- one girl per body would. taylor: listen on the top know what's a top seller was elyse seller, what do people still struggle to get on board. >> the number one seller is chocolate chip cookie to. chocolate is king, number two the peanut butter chocolate no surprise there and.
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taylor: i like blueberry. >> blueberry is the lowest performer. however, his underdog and contrarian is actually some of our customers all over the most. taylor: outright blueberry pie after this just for you. what's your favorite. >> what you have chocolate chip. >> peter rahal we really appreciate it. come back anytime. meanwhile we have breaking news, emergency crews are responding to a plane crash at the toronto pearson international airport canadian police say there are eight injuries with one person in critical condition. we are hearing this was a delta air lines flight operated by endeavor air. he was arriving from minneapolis, minnesota that's when it crash landed and as you can see the live photos. it is now wheels up on the runway local officials say they do not know exactly how the
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crash occurred but they are working to safely move over after passengers crew on board. markets are closed on presidents' day crypto markets are active, crypto bowl anthony probably otto is here to talk about his investment. it is the a.i. powered franchise fund platform that aims to create 1 million entrepreneurs. we have the founder of francie, that is next. don't miss the big money show, live for two hours with brian brenberg, jackie deangelis, dagen mcdowell and me. i'm still there were ready to cover the breaking news at 8:00 a.m. eastern it's only on fox business. stay with us. we're coming right back
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taylor: a quick check to back when the crypto currency falling 1.5% today continuing the rocky start to february after popping the 100,000 mark does not reach that in almost two weeks our next guest anthony probably otto is known to the bullish stance on bitcoin is built and sold a number of successful businesses in investing into under companies like lift spacex, reading and frenzy think of as missoula franchising platform that uses a.i. to pair users with the best franchise fit joining us for some fox business capital management anthony probably otto and founder and ceo alex murdaugh.
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let me start with the widest business and founder. if you pick a small business to the back part of the american economy have a jobs come from the small business and entrepreneur is awaiting of sovereignty and economic opportunity and mobility to people that want that but the problem is started a company from scratch where you start how do you do it into risky the franchise gives you the ability to somebody that created a game plan and provide resources to lower risk to put your foot into entrepreneurship game and alex i invested in his back company we realize there was a problem and took on the solution. taylor: you found the problem how did you find and why is francie the solution. >> a bit and entrepreneur my whole life and i started a laundromat franchise lit was like an uber for laundry we started out picking up and delivery but eventually into physical laundromat in the hurdle we ran into how do we
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open hundreds of these locations without having to raise 200 plus million dollars and have us take 20 years when we franchise the brick-and-mortar that was my first entry point in the franchising and once i got into a realize how great of a business model it is now accessible to many other people to start a business but the thing that was broken the pathway into finding the right franchise right now it's a rabbit hole of a google search of 20 page document called an fdd franchise disclosure document or you work with a business broker but what people don't know those brokers take a 60% commission on the franchise fee out of the franchise fee that you write to the brand which should the winter training, marketing programs et cetera. as a franchise experiencing firsthand i thought why isn't there platform i salmon new york city charlotte 200k to invest is
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my hobbies, interests and goals what the best brands of resignation and fit my risk tolerance and there was anything out there so we decided to build francie and calling it the zillow franchising. taylor: i think the control room will help us do a live demo. i was on the website francie.com i'm a mother and fitness, health and i typed in kid strong and it gives me an immediate way walk me through how i franchise this brand if you will. >> you would search for a home on zillow you contact scepters the amount you invested but if you type kids drawing in their profile will come up similar to the lot solutions the cost to get into the business in different biggie partners that we have initials of revenue and
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total investment. the great way to look at the product a lot of people want to know what's out there they don't know some of these brands and what the economic opportunity. if i'm working at a job and i'm going to leave what can i get a lot of times are able to tell you we've done this 50 or 60 or 70 times here's what it cost to get started and here's what you get here's what people see the margin and how much revenue i think what you seen a platform like this you're taking information hard-to-find in your categorizing and structuring making easy and accessible in your trying to matchmaking that's where artificial intelligence comes through. taylor: from an investor point of view how much did a.i. change the game for you to be successful. >> artificial intelligence is taking things that humans can do but it would take a long time to be difficult and it's making it simple when you got a platform you can think of this as
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matchmaking your interesting criteria and look at these opportunities same what's most likely to be the match artificial intelligence has dropped by 96% and significant increase the efficacy. >> i after previous guest house from has interest-rate bringing down the cost of doing business and the focus on small businesses in america focus on entrepreneurs has that at all yet change the game in the narrative you see founders were likely to invest because of the narrative a business from the environment. >> we from 4000% last month and i think the reason people like the mckendree is becoming more accessible and interest-rate are dropping people are scared could a.i. impact my day job and i wanted to control and
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franchising is a great pathway and it's a great way to do that because you have the playbook in support but the autonomy of being your own business owner and entrepreneur. taylor: in the final moments we love getting your thoughts on crypto currency bitcoin are you going to tell me is going to 200,000 next. >> i don't know where it's going but i think it's going up part of what's interesting we talk about entrepreneurship in the american dream a lot of people by bitcoin for a decade plus because of looking for the american dream the united states of america provides economic opportunity and mobility more so than any other country in the world and what they realized, portability is horrible the dollar is devalued in all these issues where they can feel like they can keep up bitcoin introduced the idea you can save in the asset we keep up with inflation protected economic value that was good for individuals and now you see financial institutions and corporations to the last boss is
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countries the united states will strategic reserve and other countries coming out sailor buying bitcoin, they want to be a leader we must by bitcoin and by legally and i will have a positive impact. >> we love having both of you here. a great wide-ranging topic. congrats on your business success. meanwhile other breaking news sources to fox business are confirming the internal revenue service is preparing to give elon musk doge team access to the irs system that contains taxpayer records the records contain sensitive financial data tied to millions of americans including tax return social security numbers and banking details hillary vaughn is on capitol hill with the latest on doge taking on the irs. >> we are told the doge team
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will be accessing the irs payment systems any moment with the white house continues to insist anyone accessing classified private information has the appropriate clearance in approval to do so white house officials is direct access to the integrated retrieval system which includes visual access to taxpayer accounts is needed for doge to audit the irs something irs does every day to americans but the information is something that people at the irs already have access to the part of the job those who are protesting doge access her mother federal employees working on behalf of doge are getting a look under the hood were not talking about an outside private entity the existing federal staff of the federal government performing their statutory and constitutional duty. >> and you give assurance to people who faithfully pay their taxes in this country that doge
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won't go sifting through the records and come across the private records of a lot of americans and give absolute one 100% assurance. >> in addition to finding broad locks under loss taxpayer fraud the housing urban developer relocate $1.9 billion agon missing underwriting that's 2 billion that the treasury can now use for other things but democrats think doge is exaggerating the fraud that their finding leads are by and large performative theatric measures the pick the one off cases and things broad policy this is what it in prior represents. it's not true there seems to be a signal that the court rulings traveling gene private information and doge firing will be ruling in favor of doge and district court judge in
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washington jane at this point she does not have enough evidence presented to her by the parties that are suing doge to stop doge from accessing private information and stop doge firings moving forward but she has not made an official ruling at but it seems to be she's leaning in that direction. taylor: the fight continues. hillary vaughn, thank you so much. the state of kentucky and tennessee are reeling from flooding that killed 11 is another storm is that to bring snow and cold. we have a live report.ght ♪ asking smart questions about opportunities like ai. and how the industries born to support ai might better support us all. better questions. better outcomes. pronamel clinical enamel strength can help us to keep our enamel for a lifetime. it's backed by science it is clinically proven to strengthen our teeth.
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taylor: before we get to count down closer, there's breaking news out of southeastern u.s.. historic flooding in kentucky and tennessee led to at least 11 deaths in kentucky and catastrophic levy breech in tennessee. hundreds of roads are closed and emergency water rescues are abduces way. jonathan cerri in reeves, tennessee, with the latest. hey, jonathan. reporter: hey, taylor. most residents evacuated their homes over the weekend with a
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levy was breeched and most responders going out in boats persuading late holdouts to leave their homes without electricity as temperatures go down, it's simply not save. take a look at live drone shot from over rives, tennessee, and homes surround businesses and those where water hasn't entered, many don't have electricity and you don't have heat with the freezing temperature this is week, authorities warn it'll not just be uncomfortable, but unsafe to stay behind. but local officials are sympathetic knows how difficult for many storm survives to rebuild. >> there's a real economic base here and it's a real poverty area. some people have flood insurance, and a lot can't afford it. they're kind of left on their own to try to get their house
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back in order. >> the storm killed 11 people in kentucky include ago mother and seven-year-old daughter. they were ride riding in a vehicle swopt off the roadway saturday night and imagine how treacherous roads with are the flood waters and the freezing temperature this is week and possibility with black ice and snow and they're going to keep a close eye on the weather and road conditions, taylor. taylor: jonathan serrie, thank you for that report. now chinese president xi jinping linked up with china's private sector chiefs today in beijing where he stressed continuity and the economic development. xi met ecommerce giant alibaba ceo at the center of the chinese government crack down on tech industry in recent years.
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my count down closer likes alibaba and i'm pleased to say jonathan hayes joining me now. make your case for alibaba. >> thank you, taylor. great to be with you. we've been buying every single dip for the last two years and bought in the hundreds and backed up in the 6 o 0*s and at about $83 and had a huge run in the last five weeks and up about 50%. and let it rest and reporting earnings on the 20th and it's the number one ai provider with apple -- taylor: can i stop you and ask you because i spent two hours with kevin o'leary on my earlier show and he said in effect a
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game changer. those are my words, not his. but the fact that you have an apple device in china using alibaba ai shows there might be a partnership between the u.s. and china is that better for apple or alibaba? >> i think both. it's the most model and beat deepseek on many metrics and openai on many metrics, and apple needs the government approval in china and government is approving alibaba. that's just the icing on the cake. talking about the cake, this is a huge play for middle class recovery and in lock down for many many years and every dollar spent in recovery going through alibaba and quite a few dollars going through alibaba and then finally we've said treat alibaba as china aieff and not just the partnership with apple.
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they've got taylor, you can buy this stock at 2014 prices. the difference is revenue is up 10x per share, cash flow up 6x per share and earnings up 6x per share and 10 times forward multiple, if you just re-rate, forget about growth and they'll have that and re-rate back to normalized 2024, some parts are well worth over $200 and probably going to take about two plus years. taylor: yeah, broaden out with the u.s. and mag 7, still bullish? >> well, we were at beginning of
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january and i love coming on with you, taylor. lightening up on mag 7 up only 2%. we have seen the last shelby first and materials outperformed up 6.8% and you couldn't give away materials and market was up last year and healthcare up 5.3% and we have picks in those areas and the mag 7. taylor: the theme was the u.s. and rest of the world and emerging markets 6.2% year-to-date and european
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equities and going to guess at beginning of the career and up 10.6% and relative percentage and outperforming and outperforminger international stocks and in the reagan administration and you'll see it in the trump administration as dollar weakens and yields come under control. we love that play, and alibaba is one way we're doing it. taylor: quickly here to end, can the s&p or equity markets continue to rally if we're looking at 4.5 maybe 5% on the 10-year? >> yeah, i think bonds are the second most crowded raid behind the mag 7. i think we'll see a 4% on the 10 year and that's unconventional but i'm pretty unconventional and that'll enable us. the market wants to break out here, but february tends to be a
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choppy period. we'll get to new highs but the index returns for the year and a bit subdued and going with the baseline and more. taylor: thank you, tom hayes. faa issued a ground stop at toronto international following the delta airplane that crash landed at the airport. faa says all 80 people on board were evacuated and accounted for. the dallas cowboys tafanely plane upside down -- delta plane upside down. they don't know how the crash occurred but they're working to remove debris and make sure people are safe. that's been breaking news and markets are closed but claman is back tomorrow. kudlow is next. ♪ david: hello, everyone. happy presid
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