say they want to balance the budget and reduce spending. we've given them a blueprint print to get spending going down, get tax cuts back in place and get this economy revved up again behind the president's agenda. charles: listen, i've got 45 seconds. i wanted to talk to you about h.r. 317, the health care freedom act. but in 20 seconds, has doge made it easier for you to press the case as people see even when that mandatory spending, the waste, fraud and abuse, the abuse is the keyword here. >> no question. with all these abuses with are i peatst numbers, looking at what's happening with fraud, elon being able to identify -- by the way, all this freakout, look, we've got them reporting to the president, reviewing all this waves. congress is going of to have to get involved and, by the way, the case for health care freedom? that is how you get prices down. charles: right. >> medicaid reform, health savings accounts, that will really balance the budget. charles: talk to you again real

soon. here's over to liz. liz: okay, thank you. good to see you, charles. breaking news, we are watching paramount's stock closely. skydance's $8.4 billion to buy paramount if global is about to face perhaps a stepped-up campaign by rival bidder project rise partners, or prp. it comes in the wake of last week's unsealed class action complaint by five new york city pension funds that that a allege board members of the entertainment giant failed to sufficiently consider rises 13.5 billion offer. coming up, one of if prp's lead investors will join me in a fox business exclusive on what her investor group's next move will be in its effort the scuttle the skydance deal and gain control of paramount. all right, to the markets. we're calling this tightly-trading tuesday because stocks have been on a really tight leash moving at a rather narrow band right up until about the last hour. right now the dow jones

industrials down 117. now, the s&p you could call this flat. it needs just a gain of 4 points at the close to mark a new record, but the bulls and bears have been in a tug-of-war all a day long. the s&p has crossed the unchanged level 131 times. and over the past five is sessions, you know, you could look at this, it hasn't a broken out in one direction or another. basically just flat here. nasdaq has not broken out either. right now we've got the nasdaq down 47 points. had been higher earlier. but none of this means that there aren't individual names making some major moves. of let's look at intel shares, they are going sky high at the moment up 13 if.8% on a report -- 13.8% on a report that the white house is formulating a plan if for taiwan semiconductor to take control of the embattled chip maker's foundry business. word is broadcom has joined the crowd of parties interested in the chip design business. but due to its complexity,

finding a buyer for the manufacturing piece of this all has been a challenge. any deal no matter which part of it involves would need regulatory approval. we should look at meta. now, the loss here a on meta is just is about 3.8%. it's not exactly hisser the create major. -- hysterically major. but the fact that the stock is on pace to end a 20-day win streak, that's kind of big. shares have soar ised dramatically. met a that has enjoyed 17 records closes in a row, so no chock -- shock to see at least some profit taking. aside from meta, is it more than that, what we're seeing today in are investors starting to remember that trees don't grow to the sky? front page of "the wall street journal" today, investors spot signs of froth in market's lengthy bull run. so what are they noticing? massive options activity where investors bet on whether stocks will rise or fall by the end of

the day -- forget by the end of the month or quarter. heavier use of prediction markets where investors bet on the likelihood of future events. and then there's the father time of investing. berkshire hathaway's ceo, warren buffett, always marching to the beat of a different drum. the oracle of omaha, turns out he was a net seller of $6 billion in stock in the fourth quarter. and if you look at the first three quarters of last year, he sold $127 billion in stock. in this as a investors -- investors overall continue to pile inial bewith it with maybe -- in, albeit with a more wary eye. to the floor show and charles back's managing director and chief investment strategist liz an sonders. i don't know, what have you and if your team at charles schwab noticed in does the market look speculative to you guys? do you use the term froth in your meetings now?

>> i think there have been projects -- pockets of froth in the markets, not just traditional equity marks, but in the art and crypto markets. yeah, signs of froth, but not the kind of broad, speculative the froth that would be characterized as late 990s. and i'm glad you brought up the investors' most pessimistic in a while, that's the aaii. you have seen a big jump in the percent that call themselves bears. but importantly, that's an at nudal -- attitudal measure of sentiment. if you rook at things like fund flow, if you look at the put-call ratio, if you look at the b of airks a fund manager if survey showing funds have the lowest amount of cash that they've had in 10 years and a a aii itself does a measure of their members' equitial allocation. and in the time, the percentage of bears has doubled you have

only, you've actually gone up by a percentage point in terms of -- [audio difficulty] exposure. so this is a little -- little bit of a don't just pay attention to what they're saying, pay attention to what they're doing as well. it's a mixed bag. liz: true. but you point out what they are doing is dispersing some of the money -- disbursing some of the money that had been so heavily concentrated. if you look at what has happened, i guess about a year ago a something like 2 2% of what's really interesting going into a very small concentration or at least spreading out, now it appears people are diversifying which is an old term for something that we're seeing now. how do you read that? >> that's not a bad thing. when you have, you know, it's terrible when you have wars going on around the world, but if you only have a few general withs on the front line even when they're four-star, that's

not a very strong battle front if the soddiers have lagged -- soldiers have lagged behind. if the soldiers start marching forward, and i think that's the analogy to describe to some degree what we're seeing right now. it does level the playing field for active managers not above or over passive managers. we have a greater percentage of stocks' moves that are tied to individual fundamentals as opposed to sort of monolithic groups trading all together or macro driving the underlying performance within markets. and all else equal, i think that's a better backdrop for individual investors. liz: yeah. and what we just showed if we can put it back up was the s&p. the percentage of the s&p members outperforming the s&p 500. so the individuals versus the greater index here. a year are ago a it was just 22% that were outperforming.

now in the last are month 44%. so where do you see -- >> the spread, by the way, liz, has been wider because at a one point in 2024, about the midpoint of 2024,you went the trailing one year with, i think it was 11 1% the stocks and the index were outperforming the overall a index itself. many in terms of the trailing one month, you got up above 50% somewhat recently. so we've seen a little bit of a narrowing of that a spread. but this isesome that changes on a day-to-day basis is, and it's another way to think about the improvement in underlying breadth which i think is, again, all else equal, positive. liz: do you see strength in any particular sectors? to the that end, if investors are figuring out where they should ride out any short-term headline risks hike with these constant fire hose of tariff headlines that a we've been getting lately out of washington, d.c., where would you advise them?

>> so we do have two sectors on which we have outperform ratings which is communication services and financials. that's where the strongest earnings profile is without egregious valuations. but we also think this is not the kind of environment where you want to make monolithic investment decisions at the category level like the magnificent seven which we already talked about or even at the sector level are. we think you should at least apply factor-based analysis. invest based on certain characteristics. the factors we've been emphasizing in this market backdrop would be positive earnings trends on a looking-forward basis, but also strength of balance sheet, high interest coverage, avoiding those stocks that are at the mercy of changes in the interest rate backdrop. it's almost a bet of a garp, bringing an acronym back from a decade or so ago, growth at a

reasonable price. are that screening done at least on top of any sector-related analysis or any other kind of monoif listic analysis. liz: yeah -- monolistic. loan listic as in -- monolistic as in mag 7. monolithic. if speaking of big headlines, the trump administration is planning to designate drug cartels as foreign terrorist organizations including ms-13, tren de aragua and several mexican cartels including sinaloa and others. we expect president trump to sign new executive orders at the top of the hour. can't confirm if it's related to this report. while the president signs those orders at mar-a-lago, his top diplomats are in saudi arabia just wrapping up the first round of talks with russia about the war in ukraine. secretary of state marco rubio and special envoy to the middle

east steve witkoff who helped broker the hamas-israel ceasefire meeting with russia's foreign minister, sergey lavrov. the goal? reestablish normal diplomatic channels with putin's government in order to end the nearly 3-year-old conflict. where does ukraine fit in? peter doocy joins us live from the white house with the latest. >> reporter: yes. and, volodymyr zelenskyy was supposed to visit saudi arabia for meetings of his own today, but he backed out at the last minute and says he is going to be there next month instead. and his official public posture on these direct u.s. and russia talks basically boils down to him saying that ukraine feels left out. [speaking in native tongue] >> translator: this russian-american meeting in saudi arabia was a surprise for us. just like to many others. yes, we saw all this information from the media. i don't know who will today there, who will leave, who is

going where. to be honest, i don't care. if what i care about a is for the partners to overthink manager about us. something about us. >> reporter: the u.s. and russia that agreed today, according to secretary rubio, to establish a consultation mechanism to address irritants to our bilateral relationship with the objective of taking steps necessary to normalize the operation of our respective diplomatic missions. there are still some huge sick thing points ahead though -- sticking points. the ukrainians want some kind of security guarantee. the brits say u.s. troops are probably going to have to be involved as a backstop for any kind of a security guarantee, but the russians say nato peacekeepers or any u.s. or other nato member will not be allowed the fly their flags as a peacekeepers. that would be a deal-breaker for moscow. >> within minutes of president trump hanging up with president putin, he called and spoke with

president zelenskyy. so huh huttle diplomacy has happened throughout history, it's happened all over the world. we are absolutely talking to both sides. >> reporter: and just crossing as we came to air, secretary rubio says that after his meeting with the russians, he spoke to his counterparts in france, britain, italy and germany, and it comes as we saw this separate emergency meeting of european leaders happening in paris. the rest of the world is just trying to figure out how exactly to work around or work with trump's direct diplomacy here after four years of joe biden not doing anything without further hopping on a zoom with everybody to make sure that everybody agreed on every point. liz. liz: different terms and different world we have today. peter, thank you very much. we've got two stocks in the medical sector, they are in different hospital wings at this hour. one's heart rate is dropping, the other is surging. we'll show you both next. and we've got new details on that a delta commuter jet that

crashed and flipped over on a toronto runway yesterday with all a 80 passengers and crew surviving. we'll tell you what authorities are saying today about the miraculous outcome. look at that. "claman countdown" coming right back. dow jones industrials down about18 points. so much more ahead. ♪ ♪ 5k fun run! say hi to patty. celebrated social worker... whose coming in second? self-appointed social chair.

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liz: fox business alert, call it the miracle on the pearson. delta air down 1.7% at this hour after that terrifying crash landing at toronto pearson international airport yesterday afternoon. one of its regional jets lost control amid heavy winds and blowing snow and flipped upside

down injuring 21 of the 80 people on the flight from minneapolis. all right. 19 of the injured, this is the new news, 19 of the injured have been released from area hospitals. this were no fatalities. investigators have now begun piecing together what happened. authorities say two runways will be closed for the next 48 hours to allow investigators to perform their reviews. they're warning anyone flying out of or into toronto to check with their airlines because they expect delays for the next several days until they can remove the remains of the aircraft which did catch fire, lost a wing. but when you look at this on the screen, it's just unbelievable that no one died from this. so bravo to everybody when who kept calm -- who kept calm and carried on. moderna, it's kind of a head-scratcher. the stock is surging 8.5 president even after barclays downgraded the biotech from equal weight to overweight

saying it sees, quote, limited upside due to policy risks. it also slashed the price target to $45 from $11. moderna the -- 11 is-- 111. medtronic down 6.7% after it missed third quarter revenue estimates due to lower purchases by distributers. medtronic says the problem will persist in the current quarter. that'll do it. investors are fleeing the tock right now. and here's what happens to a stock when you add the name kim kardashian to its partner list. nike is popping 5.5% after announcing it's teaming up with the uber-influencer and skims happy -- shapewear designer brand. nike skims, that's what it's going to be called, debuts this spring and will include a collection of apparel, footwear and accessories.

nike. suddenly cool again. as nike keeps up with the kardashians, another a sports star has emerged following super bowl success. tubi became the first free ad-supported streaming service to broadcast the big game. and the numbers were spectacular. did scoring a tv touchdown on super sunday get tubi one step closer to profitabilitiesome we'll ask the' owe next in a fox business exclusive. stay with us. ♪ ♪

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liz: fox business alert, take a look at netflix shares, down about 3%. of netflix now looking to dive deeper into the nfl bidding wars. the streamer is interested in bidding on the nfl's sunday afternoon games which, by the way, have been aired by fox is and cbs since the 1990s. now, that current broadcast deal runs through 2033, but the league has the right to pull the plug on them four years early. if that were to happen, the move would signal a huge shake-up in the sports world, one where tubi has just made a big splash. last week tubi became the first free streamer to air the super bowl. the result? well, let's show you, the platform set streaming records for the big game. tubi saw 15.5 million peak

concurrent streaming viewers with a 13.6 million average minute audience. the broadcast also saw 24 million unique viewers across all of its game-day programming which includes the pregame. tubi's ceo is joining me now in a fox business exclusive. fox business network if's parent company, fox corporation, owns tubi. well, nfl and netflix. that is an interesting one. netflix's push just goes to show you how valuable live sports and live football are become. what a does that say for you? because you just had this great success with live football. >> liz, as you know and have said, you know, sports right now is extremely competitive. everybody wants sports rights, and i think the reason is these live events aren't just sporting vents, they're cultural events for america. they're a time when a lot of our audience comes together, very passionate and engaged fans. and tubi's dreaming the super

bowl was with us looking to expand the audience beyond just the hard core sports fan, but to a lot of other americans. and what we found was that not only were we able to bring in millions of american, enable them to watch the game in high quality for free, but we also saw that we had a younger audience. 40 percent of people streaming the super bowl on tubi were between the ages of 18 and 34. so that is an opportunity for the nfl, for fox and for, you know, more americans to kind of get the benefit -- liz: how integral do you see live sports being for tubi's success? >> the reality is premium live sports are very expensive -- his liz yeah, and you're free. >> and we're free. [laughter] it's very difficult for us to be able to compete and bid for those rights. is so the way we think about it in our strategy is we want to be where sports meets culture and partner in ways that expand the audience. i think we'll look to find other

ways we can partner in the future, and again, it's good for everyone if we're bringing in those younger audiences. those are folks who are not subscribe ising to cable, they're otherwise on tiktok and youtube. and so this is actually a good thing for everyone, if tubi can be successful. liz: it's so-called fast, free ad a-supported tv. how does that tart to eat into linear television? -- start to eat into linear television. that's been a big issue. there are the cord cutters, i guess you would say the cord nevers -- [laughter] i'm not one of them. actually, i did. i switched over to youtube tv. >> there you go. liz: but that's gotten expensive. as you look to see what a those operations are doing, in 2017 youtube tv was manager hike $35, and now it's around $80 -- something like $35. are you moving toward that at some point, a subscription-based operation at tubi? >> no. tubi is incredibly committed to being free. and i'll tell you the reason

why. it's because we actually think there's an enormous addressable market opportunity in streaming services to be free, and the reason is that if you think about our job, our job is a audience attention. reach and vel answer -- relevance. and today so many young people and people of all a ages are spending more of their time on social platforms, in gaming and oh free ad-supported environments. i think what tubi is proving is that that there is a big, lucrative business in free. and, you know, we have nearly 100 million monthly active users. and we're also able to generate real revenue from advertising through that. liz: i want to talk about social media because, obviously, tiktok is dragging people away. youtube is dragging eyeballs away. you've got something called stubios. explain to people what what that is. is that your answer to making it a more, i guess, give and take, interactive experience if for people and make it more like tiktok and everything else out

there? >> it's the first fan-fueled studio in streaming. it's an opportunity for anyone to pitch their green light idea to tubi, and we will actually green light content based on fan engagement. i think in many ways it's an opportunity for us to scale our content collection. we have the world's largest library of movies and tv series, but what we're finding is people's tastes are evolving. they're interested in a lot of things, so what what we're looking to do is scale back. and, yes, we want to find the stories and the storytellers that aren't otherwise already in hollywood, and we don't want to be in an environment where we're having to spend tens of millions of dollars, you know, for a show when we believe we can find things that will resonate -- liz: well, it's gotten a lot easier because you see these influencerses, and you could argue that lauren graham of the z suite has become so big, and what's your budget to start developing more of these shows? >> tubi has hundreds of original

as, but they're all based on us listening to our fans, seeing that people are interested in something and giving them more. the z suite is our latest original. it stars lauren graham from gilmore if girls, but it's the story of a madison avenue a ad agency that a gets taken over by gen-z. and the insight there we're thinking about is workplace comedies. it's been a while since we've had manager like the office. and we're in an environment where so much is is changing. you have return to office, you have a.i -- liz: i'm thinking mary tyler moore. we go way back, and tubi has so much nostalgic content out there. the original 90210 stuff. i mean, all of those. so what genre has attracted the most viewership at this point? >> i would say we have very diverse set of general are e -- genres, everything from horror to black cinema, young adult romances. but i'll tell you a hit that surprised me, it's a movie called sidelined, the qb and me, and it's one of our top titles

ever. it's based on a novel, a young adult romance, and it stars a tiktok influencer. and what we found that was so interesting was that we didn't have to go out and market that film. we had tens of thousands of fans on social media clip aring like scenes from the media and -- the movie and sharing it. liz: it's free, everybody. come on. [laughter] good to see you. thank you so much. >> thanks, liz. liz: great numbers on the super bowl. it's good to see you. thank you so much. the hollywood drama plague out for control of paramount if global might be getting a sequel. part one, you may remember, had paraa mount agreeing to an $8 billion deal with skydance. but in a fox business exclusive, here comes part duux -- deux. the investment group that a says its $13 billion offer to buy the

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liz: fox business alert, there's no business like show business9 and the drama involving the $8.4 billion merger of paramount and skydance captivated hollywood, wall street and paramount investors for more than a year, pelt like a hundred years. but could be an action a thriller of its own, that's for

sure. but is this a plot twist emerging in the drama many thought had already seen the credits roll and the lights come back on? investor group project rise a partners says its $13 if.5 billion offer for the entertainment giant is superior to the already-accepted $8.4 billion skydance business can if that paramount neglectedded its fiduciary duty birdies missing prp's offer. project rise's offer for the b shares, $19 a share compared to skydance's $15 a share. paramount's stock trading, what, around $11 right now? project rise says paramount's class b shareholders, right, so they have less oomph and power, they would have 50% equity while is skydance bid offers 30%. project rise says it would throw in $5 billion for debt restructuring. but hasn't this train already left the station? daphna simon is one of the lead

investors behind this bid for paramount, she joins me in a fox business exclusive. first of all, i need to know, who are the big financial backers here? if we've been told it's a major player in the satellite industry. who's the satellite industry player? >> you know, all of that is going to be revealed once we start engaging with the9 board. because of all the public circus and because so much has sort of been leaked, we have decided we were going to approach this thing based on merit. and when we sent our offer to the paramount if board and to their special committee, it was backed by a letter from our bank are verifying the funds is so no one could say that it was not a credible offer based on credibility and not just -- [inaudible] and what has happened the select

committee has been looking at name value, and that's really not doing their homework of they are saying they had over 50 people approach them including my dear friend edgar -- who i have the high admiration for, and he was very honest with them the say that he needed time to raise the money. andwhen he didn't, he told them. -- and when he didn't, he told them. at the same time or before that, we sent them an offer, and service the backed by our bank, and they didn't even want to -- on any shape, level or form. liz: okay. but they did, they would say, theirty pushily duty by making the deal with skydance and then opening it up to this 45-day go shop, you know, sort of come on in, everybody. see what you got and make your best pitch. you guys, apparently, your own attorney told me it was august 18th that you verbal hi submitted over zoom -- verbally submitted over zoom your bid and that it was only later, august

26 theth, after the go shop period had expired, august 21 1st, was when you sent in the written one. now, whether they gave him extra time, okay, they treated him differently hand you, but these are very structuredded periods, and they would say you didn't make the deadline. we did is have them for comment, and they said project if rise partners did not make a proposal during such period nor during the prior 7-month sale process. it's unclear what the objectives are there. however, paramount is bound by its agreement with skydance media, and there will not be any engagement with prp in con the that veption of such agreement. how are you going to do this? how are you going to get them to the table? >> well, i think there is something much more important than what they're subjecting us to which is this supposed timeline. first of all, we were talking to

everybody at paramount, the advisors, the lawyers, the investment bankers, all of them since april. and secondarily, we finally got to charles phillips who was the head of the special committee and gave him the verbal a offer on the 18th of august and followed it up with a written offer. but beyond that the supreme court in devastated that the superior court did a superior offer must be presented the to the shareholders by the board and to the board. it cannot be avoided. because that is the fiduciary responsibility of the board and the select committee. and for them to try to bypass that is absolutely ridiculous. liz: new york city's public pension funds, five of them, are kind of to going parallel with you guys. they feel that the skydance deal

was not the best deal. are you working with them? if. >> yes, we are. and we just started working with them. but hay know of our offer, and they know the legitimacy, and they have a signed affidavit that that shows that we are financially capable if to do what what we say we're going to do. but more than that, liz, what's really important here is to look at the skydance deal because here's the son of the third richest man in the world -- liz: david ellison, larry ellison is his father, yes. >> who is folding his company at $4.75 billion, basically paying for it from the pockets of the shareholders. of the b shareholders. liz: okay. and we've got to run soon, but there are who two things. number one, the b shareholders. the number one sort of shareholder most important is

shari redstone. she, of course, of national amusement, she owned the most shares there. she is the higher class shareholder. these b shareholders knew what a they were getting into. she. >> obviously always had more power in all of this. but that said, let's say you and your group somehow get control and you win. what would you do to improve paramount which has just been lagging and lagging? it's been a tough business. >> well, or first of all, we would not take on $4.75 a billion out of paramount's money, shareholders' money, to pay for our acquisition. secondarily, what we intend to do is invest in building up every division of paramount if including taking the 62.5 acres in los angeles and if building for the first if time paramount city as the center of entertainment for the entire world. which we need to do. listen, i love america, and the rah reality is this is the most

iconic, amaze aing american company that's been an ambassador for the world forever, for a scenery. we cannot just throw it away because somebody wants to pocket $4.75 billion. it's ridiculous. it irks me. and every shareholder, it irks them too. it's wrong. liz: well, daphna, we're going to follow this. please keep us posted on the developments. obviously, the board and its representatives have told us at fox business, nope, we're going with skydance, but who knows what's going to happen here. please keep us posted. thank you. >> thank you so much for having me on your hoe, liz. i appreciate it. liz: we are coming right back. stay tuned, much more ahead. ♪

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liz: we heard from one of the lead investors and paramount now turning positive and was negative for much of the session. maybe we can show up an special day here. one of the lead investors of project rise, who is trying to scuttle sky dance's almost done

deal for paramount. prp might just get to sit back and watch if sky dance's bid for paramount even passes regulatory muster as trump department of justice officials could be just as tough on merger as acquisition landscape as biden era predicting cespedes torrs. joining us now is charlie gasparino. >> that guy is not scuttling the deal. liz: what guy? >> the guy just on. liz: that was dafna. >> whoever it is. i did not see. this deal will get throttled by brendan carr. it'll be delayed and cbs will give stuff up and i know this because i know what's going on inside the deal room. they'd admit that cbs did maybe bad things and a lawsuit that trump filed against cbs and may have to get paid off first before the thing gets settled and a lot of politics and make

no mistake about it, sky dance at some point will own paramount and larry ellison is close with prom p and the new cbs and emerges out of this is not so woke. going back to what's going on in terms of mna. this caught people by surprise today. the head of ftc came out saying we're not changing guidance of antitrust and rules of the road and how we might cancel dealed. we'll keep the same guidance that biden admin vagues has and i suggests everybody read that and throttle and kill any deal. showing minor sort of antitrust concerns and you might limit peak spl cigs and mays and mights. does that mean deals will get cancelled like during the biden year s? based on my sources, that do

deals, these are bankers and lawyers and spoke to them today. they say no. these trump administration will keep the guidance of biden is gives them power to throttle any deal they want much the deals they'll focus on mainly is not like two small companies merging, which got up ended under biden as you know just because they took such an expansionive view and it'll be tech. they don't want google, apple, amazon and others getting bigger. you see the tech guys kissing trump's ring is because they know that . their ability to grow is going to be scrutinized like crazy and they're keeping this stuff in place. i go back and read it and it's fascinating and kill the deal with minor antitrust concerns. liz: what about this for paramount? a small sky -- small piece of

sky dance owned by ten-cent, the chinese conglomerate and the began congressman -- >> back up a membership. is sky dance owned by it? liz: no ten cent has a piece, an investment. small. the michigan congressman, republican, has said we got to stop this. wait a minute, we don't want china owning something like that. i'm just telling you -- >> he doesn't have any power either. the on thing i can tell you is that -- liz: he's the chairman of the china select committee. >> wonderful. is he overwhelming the trump doj? no. they'll pay their pound of flesh differently. cbs will have to admit that it did bad things or come to some deal with president trump on that lawsuit over the 60 minutes where they basically unfairly edited kamala harris' interview

and brendan carr put it out and reason to it. i thought what they did was edit out word salad and i think on antitrust grounds, this thing goes through. it's based on everything i've read. one of the things -- red bird is partner with sky dance, they're the ones that people thought had the china problem. not sky dance itself. liz: charlie, thank you very much. to be continued. ai chat bot race and heating up with elon musk and new update and listen to the goals by elon musk. >> in order to understand the nature of the universe, you must per sue truth or you'll not understand the universe and suffering from some dilutional error. so that is our goal less: outperforms all the sciences. somebody has to test that

independently and race to make the best ai chat bot continues. count down closer says, no, no, you want to invest in ai, do it his way. joining us with $125 billion in assets under management is roosevelt bowman of bernstein private wealth management. what's your way? >> yeah, thank you for having me again, liz. the main take away for him is what we're anticipating and going to move for the producers of the models and going for the models and whether this recent model or deepseek or other new worm takes over and the power cooling and the big box retailers that have tons of data about their sales and distribution and how to be more efficient in the processes. liz: just customers. >> exactly. those are all great ways to invest in ai and moverring from the owners of the models. liz. talking about power companies and the ones involved here in many case ands got basic

utility scenes and not to mentions the data center names and tear after the first of the year and stumbling last october due to accounting issue and dell as well. just recommend going into those areas? >> yeah, those are areas that are attractive and look at deepseek news and a lot of names sold off then, but i think that was on the assumption that win is more efficient and great decline and energy and going to be two short sided and demand has risen over time and electronic vehicles and that initial assumption wasn't correct. liz: dow, nasdaq and russell down. th