trajectory. charles: fiat currency, no good and get out and find real money or real value. i got less than a minute to go. on the gold, i was -- i gave up some gold miners and his torrically the gold miners should actually be moving even more. would you look at any of the individual names? >> i absolutely would. >> yes, au and any of the plays on the individual name and reason many go for these bigger things like etfs is because they want to spread the residenting around rather than just having all the risk on one name or two names. charles: my man, good stuff as usual. we always learn something when you're hear. folks, it's a pretty how far day in the market and no one better to hold your hand than liz claman. liz: got to get the edge, charlie. charles: got to get the edge. liz: a lot of people are falling off the edge, charles. let's say that. folks, let's look at vicks,

volatility index kind of speaks volumes here up 18, let's call it 19% and climbing. lot of fear in the market and it's one of those fridays where we've got multiple headlines breaking and kicking off the final hour of trade and we are looking at day two of a market selloff and the worst two day performance in two months and this time driven by new data and american consumer is worried and all the tariffs president trump is threatening will result in higher prices and we're going to get much more on that in just a second, but we've got breaking news on united healthcare. luigi mangioni, the man accused of december 4 murder of ceo brian thompson outside of a manhattan hotel just had his first appearance in new york federal court. literally nine minutes ago. the hearing lasted ten minutes where the prosecution and defense discussed discovery issues protection orders and civilian witnesses and if the feds are planning to seek the death penalty. we have no official answers on

that or a trial date but as soon as we get it, we'll give it to you. look at united health group and 6.8% retreat in the stock and accounts for more than 270 of the 765 point loss on the dow right now. the primary problem and the report that the doj is investigating the neuroer and medicare billing practices and the wsj said the fraud surrounds company practices and recording diagnosis that trig eric extra payments to the medicare advantage plans including at fission groups and the journaling reported analysis for billions of medicare records showing patient examined by united health and doctors had huge increases in lucrative diagnoses after joining the medicare advantage plan. united health down more than

6.5% and notwithstanding and bears appear to have the broaderrer market in the group. russell getting hit hardage for percentage asks risk takes hold and russell down nearly 3% and lower third bug and names we're gaining earlier like ai chip maker nvidia and earlier had topped 1 $141 has now reversed and you can see, it is now down about 3.6% standing at $135 and again, if we can put the nasdaq on the bug, we have it down about 434 points. right now, a lot of names, even ones with really good news to share are not doing well. they're getting the same problem here. they were in the green and now they're down. even beyonce's cowboy carler alterego can't keep live nation in the green and tour hit a record high of $157 after smashing quarterly earnings expectations and clocking record revenue last year but you see

it's reversed and now down 2.5% and what's live nation's plan to outdo it system now. live nation cfo joe perkhold here to talk about new super premium ticket tier and we'll ask about the rest of us that want to see beyonce without breaking the bank. joe is coming up. you know what, looks like more and more consumers are worried about breaking the bank and more and more red on the bank and it's due to this and consumer sentiment this month and soured and falling to 15 month low and plunging 10% over just the last month. what does is that mean for stocks? right to the floor show and getting to keith fitzgerald. does anything give you pause

about what's happening at the moment >> i wouldn't be good at my job. days like this and great invitation to go shopping for the best names and we love people like warren buffett or late sir john templeton and the fear rules and today is one of the days. liz: annual shareholder letter for berkshire hathaway comes out tomorrow and warren buffett was a net seller of stocks and he's sold hundreds of millions of dollars worth of stocks starting and in the first quarter of last year actually and in the fourth quarter and he sold something like $6 billion worth of stocks so recently bank of america, citi group, davita and it's not like he's not buying and he's picked up names so what does that tell you? he's the king of when people are fearful like today, be greedy. >> that is what i was going to say, liz.

want to keep the side of buy when people are nervous and greed is overtaking fear for months and today we're see ago bit of a re-equal librium in that right now. basically, this has been a very greedy market and everybody has been chasing gains and it's been working for them and it's not a knock on them. wal-mart and consumer sales and causing to reset and resetting in a hurry today. liz: it's interesting you bring up wal-mart because yesterday wal-mart was a trigger for dow jones industrials and great numbers and it did warn there might be exogenous ev events and not saying tariffs but they don't know what the tariffs will look like and looking like a reason for the market to sell. today there's a lot of reasons

to sell. what do you interpret from that and what do you buy when others are selling? >> well, one sector that is up today is consumer staples and od that consumers are getting weaker and need to buy food and toilet paper and things of that nature. those stocks are performing well going with 2-1 negative and it's stocks going up and we got crowded into a select group of valued stocks and mention nvidia and wal-mart and stocks trading high in valuation and doesn't take much to trip them up and going to his point, those are time tosser much for values. liz: keith is one of the guys that has bought in over year over year to palantir and unbelievable and buying many, many years ago and made a ton of money. forward pe for palantir going about 3.7% right now is 186.

keith, at what point do you say, well, it's going to take quite awhile for earnings to catch up to what people expect to be the actual price of the stock. >> that's the point and talking about cars and retractors and amertizing expenses over long periods of time and accounting regulations and high pe problem and what the accounting rigs don't portray is high pes are exactly what you want to see and going digital and those things are expense and presents a misleading picture coming for a company like palantir and going to return to scale in the years to come and they add every incremental customer at virtually no expense. liz: your o payroll coming to pallen -- your own peril coming to palantir and etfs and going for consumer going for them and going to be 3x and every gain you get three times the amount

and every loss you get hit three times so right now, steve, it's not the moment but every time i've seen these etfs sell off going with consumer discretionary and they come aaron rodgers and roberting back. >> they typically do and not a huge leverage etf. one thing they lose sight of is three times the daily move and going for them and buying options for that decay and roll future positions and on a daily and those are trading instruments and then that shows buy the dip mentality and seeing our customers coming in and getting them aaron rodgers and roberting back and going to send to buy a lot of double and triple etfs to maximize that bang. liz: keith, what did you buy today? >> palantir, nvidia and went shopping yesterday. went shopping yesterday for app and will microsoft. again, we already own the

dividend and low betas and steve talked about that and looking for everybody on one side and look at other side and call buying in many and going up today, which tells me they're positioned for a rebound and what happens? i have no idea. liz: okay, i'll tell you what's happening now. nasdaq is down two full percent and, steve, russell 2000 getting hammered the most and usually when the tariffs are at the heart of the fears in relation to consumer sentiment and small and mid caps for your two and they don't import a ton usually and more ancillary when it comes to the united states. why are they getting smacked so hard. >> now the nervous consumer has everybody concerned that the whole economy is slowing down and consumers are two-thirds of the economy and take that down, that's a negative impact on the

economy and the fact that bond yields are screaming and not 7, 9, 11 basis points and those are junior collegized economic fears out there. liz: it's a real quality and 10 year yield with a low of december 17th. that tells you that there's that flight to safety all though gold oddly is down. maybe it's just after eight weeks of gains. >> gold is a little fluky. if i may, liz, there's something else at work. this rise of past investing and index taking place and computers are duking it out and started to sell is computers catching and you happen race to the bottom and they're trading fast and humans can't keep up and best thing is take a breath, step back and when in doubt, zoom out and key phrase and focus on the quality and stuff steve and i were talking about. liz: focus on that and getting the edge, charlie. got to get the edge. that's what charles payne used to tell them. interesting on a day like this. steve, keith, have a great

weekend and it'll be really interesting folks, to see if buyers come in in the final 30 minutes of trade. we have 49 minutes left to trade. in the meantime tiktok's troubles causing headaches for the highest paid influencers and one company that revealed it has more exposure to the social media app than previously reported. well tell you which stock at very bottom of s&p 500 because of that next. elon musk says he's taking the chain saw to government bureaucracy. he continues the deep cuts into what he says is the federal government's deadwood. does he risk killing the revenue tree that's on top of capitol hill. we're back for the live report and "claman countdown" coming back on a day where the bear haves the bulls tight in their paws. i'm thinking... (speaking to self) about our honeymoon. what about africa?

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lyric at any in a moment, president trump is expected to swear in howard lutnick and the president hasn't waited around to lob threat was tariffs at countries around the world. at the same time elon musk and doge team are pushing hard to find irs data and find what's waste, fraud and abuse of tax collection agency. and irs announced a massive round of layoffs expecting 6,700 workers and so as they go about slashing budgets and jobs, go to hillary vaughn and live on capitol hill with the white house looking for modernizing

systems. reporter: hey, liz, modernizing the government and technology going to bring some of the government agencies into this century and using things like high speed internet and ditching things like floppy disks. >> it doesn't work. it'll go out and faa using floppy disks to manage some of the systems and some gen zers might not know what a floppy disk is, but if you're old enough, this is ancient technology. reporter: government spending 80% of it budget and maintaining old outdated technology instead of upgrading to new technology and some of the technology that government agencies are still operating on over 50er >>s old and that's before the internet existed for the general public and going for things that

the government makes more efficient and musk says democrats down playing the savings doge found and don't care about american taxpayers who's money is being wasted. >> we have got a million dollars and that doesn't matter. i think it matter as lot to people. push on thing as little bit and saving billions. just a little bit. it's wild. reporter: liz, some of the technology is so old and created in the 1960s and that's some of the technology the irs currently uses and that was written when nasa first sent astronauts to the moon, liz. liz: space sticks and i remember that. hillary, one special question with all of the attempts to slash and burn at irs and 6,700 layoffs and the irs is tasked with collecting tax revenue and

that's how you narrow the deficit and if they're chopping and burning and how is that going to work? >> liz, that's a great question and trump admin vagues is clear and they're cutting people that are in dupely kansas city chiefstive roles or not pulling their weight in their department so they're trying to trim the fat and they're trying to downsize the government for every federal worker that they are firing, that is a salary that american taxpayers do not have to pay. liz. liz: hillary vaughn, live from capitol hill. thank you very much. fox business alert and the technology going for them crashing right now and down 21%. all the way do the bottom of s&p and on track for largest percent decrease in 17 years and investors are reigning on the cloud computing company and coming for the fourth quarter earnings going for them and the company reveals tiktok is a much larger customer than previously thought. they provide tiktok with a

content delivery effort. akama sean: transitioning away from the partnership and the cloud computing company and going for some 6% of total revenue and analyst di davidson going for revenue growth and 1-2 points this year and next. now to celsius shares jumping 26% and biggest increase since november of 2020 and guzzling up the energy drink company after it announced purchase of rival energy drink brand alani nutrition for 1.8 billion. celsius paying cash and stock for maker of female focus beverage, ala ni nu for zero sugar and celsius posting earnings beet of $332 million. look at drop box, please. it is sinking, 15 and a third

percent despite a third quarter earnings beet and storage company and forecast paid users declining this year. drop box said it expects those customers who pony up money to drop 1.5% that equals about 300,000 users and due to head winds with the form swift business and chief financial officer timly reagan half of it declines in the fourth quarter of this year. get the pain out of the way. hot tickets for the best shows that's nut for the world's largest concert promoter and it's jumping feet first into the mash pit with plans to build its own stages and live nation cfo joe is here to talk about expansion and ticket demand and quite the rocking earnings report. it's a fox business exclusive. and you don't need a ticket to watch judge jeanine shapiro and jess jessica tarlov to duke it

out. they stand on total opposite sides of the political aisle but in an era where the country's compass is polarized and going for political disagreement, these two believe it or not are bipartisan besties. in my brand new everyone talks to liz podcast episode conservative and how they go for them with the rock solid friendship and how maybe you can do the same with the polar opposites in your life. my episode drops tomorrow on apple, google, spotify and wherever you get your podcasts and i think we're going to crash the internet on this one. so many people have already said they're dieing to hear it. it drops tomorrow. we are coming right back with the cfo of live nation. ♪

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liz: we have a market selloff and anything below is decent ask we have action here with a selloff with nasdaq down 422 points and dow down 733. live nation hit a new record high of $157.75 and here on the

intraday picture and investors left the moray pit when the broader market began buckling and early joy was parent of ticket master reported an earnings blow out. what about this year? 65 million ticket haves been sold year-to-date and ticketing revenue is trending up 3%. stock gained nearly 70% over the past year. that's not to say live nation doesn't have its challenges. the company is still facing an anti-trust lawsuit stemming from the taylor swift de-bock and will once cowboy -- debacle and once caucus cowboy carter rollso town, that's taylor swift. will it fly away like tumble

weeds and joe perk told is here for the upcoming live news cycle. live nation is beyonce's ticket promoter. how do tickets look? >> thanks, liz. we're working with beyonce and working with her for a long time and great to have hirsch back on the road and get the beehive active again. her shows are doing fantastic and do incredible well through the front of the half and rafters and expect all the shows to be sold out by the time she takes the stage and another example of incredible draw. liz: think they could be bigger than eras tour? >> well, there's so much demand and some of the artists could be perpetually on the road and all the fans still couldn't get tickets to them.

it it all comes down to how many shows they want to co. liz: putting out great numbers on the night before the day we have a pretty significant selloff and be that as it may, tell me about the current quarter and how does the business trend at the moment and can your glean from the rest of the year? >> absolutely. our supply and demand looks fantastic and sold 65 million tickets for shows and up 10% from where we were this point last jeer and we're blessed with 60% increase in stadium volume this year and seeing it top to bottom. tickets sold for shows in our clubs which account for half the shows up 14% this year.

we're seeing small demand from the biggest club shows. liz: some are kind of a surprise, success of post malone and jelly roll and going on international tour. i roll them off like i know what i'm talking about. i actually like jelly roll a lot. if you look at certain acts, who could be the real rainmaker this is year, beside the obvious ones? >> post malone and jelly roll are perkfect examples and together they're touring not just the u.s. and would have been a standard a few years ago but truly a global act and selling throughout europe and expect they'll get to south america and asia over time and you'll see those sorts of incredible acts and we've got a number of tremendous tours that we put on sale this year and lainy wilson doing gang busters

and morgan wallen selling out stadiums and kendrick lamar on stadiums so you've got a wide range of artists that are live stadiums this year and continuing to have as many arenas and ampitheaters that we've had in the past few years. liz: you're building arenas and not just filling them and project hamilton and toronto and there's no areno and open to that. i want to talk about pricing. you enrage the laxer ani, the people that bought lawn passes for summer concerts and eliminated it and it was a way for the average individual to buy a ticket for a summer concert for a one stop fee. what do you replace it with? you made a prosperity and people don't know, but is it going to be financially good for these people? >> yeah, what we saw with the lawn pass was a small program. we wanted to focus more on some large programs and just given the scale of the number of fans

we try to serve. we thought we were better served with promotions that gave all fans a opportunity to buy shows at a discounted price and shows available for fans at discounted price and learn that had it doesn't make sense to reduce pricing on the best product at ampitheaters before the season even starts. we to want see which shows are selling with el and like everybody else, we'll have lower prices and we want to be more targeted while at the same time offering to everybody out there that might be looking for that sort of deal. liz: as long as there's hope for the lawnie crowd because there's some twitter hate on eliminating that. joe, you have a head wind and it's not even the elephant in the room. it's just there at the department of justice that filed the lawsuit. you know, trying to break up live nation with ticket -- from ticket master and that was launched last may. it's in discovery and don't have

a -- i guess court date till next year in march and asked for the judge to drop them and new administration coming in and doing the argument that you guys control the ticket prices and control the venues and control the artists and people don't really understand how tickets are priced. the artists you say prices the ticket. and >> it'sen every day purchase and incredibly misunderstand understood and there's a lot of thing -- misunderstood and there's a lot of things to be done and answer the specific question and the way a ticket gets priced is the artist will start with what's the production and show i want to put on and the picture on the screen are showing and they're getting to be massive events. these artists are hiring hundreds of people on stage and behind the stage to put on the

production >> what's the production and what's the cost and what revenue db of interaural need on each show. remember, administer tyes aren't making money on streaming and they're selling records. they're getting a bid on streaming but it's not replacing that income and they need the live event to give them that income they need to live on. so they start with that number and figure that's the revenue i need. every artist says the same thing. i want every fan to afford a ticket to my show. stadium show, beyonce an the screen. she'll sell 5,000 tickets for every show at $75. she'll sell 14,000 tickets at $110 or less. liz: that became the problem, joe, with the era tour where bots swarmed the site and took it over and grabbed them and then sold them at kwan it up l the price and you say you've put

in some bags stole -- b backstos and double authentication and kidd rock always speaks his mind and he's like i'm mad and it's still a monopoly. >> we've done a lot and we've redone the on sale process by reducing the number of bots and we spend millions of dollars every year trying to stop bots and the reality is we need help. it's a $10 billion industry and as long as there's that much money at stake, people find a way to cheat. we need some enforcement of the bots act. we need short term orientation stop speculative tickets and the sale of tickets that don't even exist and for some reason exist in ticketing and we need to stop the urls and other markets that making people think they're buying tickets from the artists when they're not. i agree with kidd rock we need to give the artists way more control over how all of this

happens. we're over 100% and i don't know everything he wants to do and i'll tell you, we'll be 100% behind what he wants and we agree the artists should have a lot more control and taken from the scale pers and empowered to give what they want to the fans at the deal they want to give them. liz: boo scalpers and they're just the worst. it's just great to see you, joe. thank you for coming on in the wake of significant earning ands look forward to watching live nation development story. it's really interesting so please come back. >> thanks, liz. really appreciate it. liz: thank you. home shoppers still on the sidelines as the real estate market refuses to come out of the deep freeze. compass cofounder and ceo robert red kin in studio live to see what he's seeing from the latest listing ands what they reveal and what his agents are saying who are out in the field. it's a fox business exclusive. and could high lift tickets

carving them out and madison will have a live report coming up. don't miss it and claman countdown is coming back. nasdaq down 2% or 421 points. check that out. ♪ you'll love this! centrum silver is clinically proven to support memory in older adults.

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lyric breaking news. look at residential real estate stocks dipping at this hour and 2% or more and kb homes, kbr and existing home sales came in lighter than expected and they're all falling we're looking at dropped to 4.08 million units and lower than analyst estimate for 2.9%

dip and january going with housing growth since september and so were last month's sales number as re-cursor to rough year of housing sector and federal reserve higher and longer mantra and world war ii joined by robert ref kin and home real estate looked way worst than up close tore 7% and marge rates went up and changed that dynamic and i would say that the up 2% and indicates this year could be better than last year. liz: a lot of things different year over year. aren't they? notwithstanding the fact that we

have that's certainly better than what we had in february of last year. turn right just a bit and it's higher than september inform 20246789 what's going on there? >> mortgage rates above 7% for much of the last four months and just dipped below 7 and wave ago bit blow 6-point and the it's good. anything below 7 is a pretty reasonable market and federal reserve chair jay powell says don't get excited. we look like we can stay paused at 4.25 to 4.5% and benchmark and rates aren't coming down, doesn't it?

gooey, and there's a dis-portion gnat and high expend paying mortgages off so they don't pay it and see that really across the country last year. price israeli up #% and in dc properties and the luxury market in dc is really booming. liz: robert, something has got to give. my kids, your kids, can't afford to buy even a decent job. what will break this cycle? >> it's very simple and more inventory and there's less than pre-pan democrat and i can compass launched a new product

and three phase marking strategy and compass coming soon and they're going to take the risk out of lifting. no days on market and take the risk out and people feel more comfortable bringing the listing to the market. right now we have 22,000 listings and 35% of them are compass private exclusives. liz: we need coming soons and speed up the process. >> language everyone did and 35% more in the market. liz: cashing in on cold temperatures and feet bonn feet of snow. going for them in st. and going for them and thousands going for them and take advantage and

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conduct governor and forger kentucky governor joining us on monday and he's been inside fort knox and he'll talk about that as gold basically is on its eighth week of gains so you may be groaning and shivering amid the record breaking cold temperatures gripping much of the nation right now, but if you're a skier or run a ski report, the cold blast indicate as killer season on the way and one that could stretch all the way into the month of may this year. the ski sector particularly vail reports and that's been an interesting story here and it's been blasted because of exorbitant lift ticket prices, long lift lines and a staff strike at park city.

war between two ski paths and epic and icon pass including aspen and snow mass blown up casual skiing for the middle class and adult epic season pass and $1,047 and icon pass $1,449. east coast seers are used to roughing it out on all conditions and icy slopes and manufactured snow but madison alworth is not dealing with any of that right now. she joins live from the slopes in killington, vermont. that's the view from camera crew. that's not madison, nobody worry. she's not with the ski patrol injured or anything like that.

there's been accusations that epic and icon and as pin and tell you something and that's been going for prices of lift tickets and daily lift ticket more than $200. per ticket so people are forced to buy a season pass even if they're only skiing for a week. there's a lot of accusations that forget the lower class and middle class is being priced out of skiing. and madison is fine and her camera shot is frozen, no surprise because it's freezing up there. alibaba, well, it's bucking the trend that you see. i mean, the market is down but alibaba is soaring to a three year high after ceo eddie woo

revealed the company plans to aggressive whether i invest in ai infrastructure year-to-date and take a look at what alibaba has done and jumped and count down closer thinks the stock has more room to run even after that's an intraday. quickly check baba year-to-date. 68% and bring in sam stovall and market is a broadest mess going with the dow down 758 and nasdaq down 345 and russell getting clocked 2.8%. re-should talk a bit about how baba and chinese stocks are bucking a sector here overall and what this portends for next week, the selloff. what happens on monday?

>> they're headed for a full recession and look for sector performances today and it's the defensive groups and consumer staples, healthcare utilities, that are the outperformers and even though the michigan survey complied and inflation going to remain stick jim -- sticky and yields have come down. larry: look at what names to buy on a day like this. any ideas? >> it's the improved outlooks and tied to the commerce and cloud growth and international expansion and seems as if investors are rotating away from

the u.s. into developed international and i americaning markets and china. liz: we don't know what the tariffs will bring and consumer sentiment took a dramatic dip and there's a lot of unknowns and i'd argue there's a lot of unknowns always. people should still be in stocks and it's a day-to-day and goal for the longer term and reminding how quickly the market gets back from any kind of decline and believe it or not, even declines of up to 20% on average back to 20% and

investors should look to buy not bail. liz: exactly and warren buffett says and shareholder letter comes out tomorrow. we'll really get an idea of what's going on in his mind because he's been a seller of stocks waiting to have that dry powder. so it'll be very interesting to see we get the pce and any predictions? >> yes, i think the month to month numbers for both headline and core will be higher but the year over year numbers will be lower and find that downward trend continues. liz: sam stovall, always nice to see you. week to date numbers and everybody is in the red. rough day today. but we'll be right back here on monday to do it all again. that's it for us. kudlow is next. larry: hello, folks. welcome to kudlow. i'm larry kudlow. stocks are swooning and charles payne's going to help us out in