don't settle for cheap, stinky floor mats. at weathertech we make our floorliners and cargo liners here in america, out of pure non-toxic american materials. dad, next time get weathertech. they don't stink! i'm on it. find out everything we have at wt.com. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. liz: break news, geopolitical headlines as we speak have the

bears reversing course. first, just over an hour ago ukraine agreed to accept an a u.s. proposal for an immediate 30-day ceasefire in its war against russia which invaded the nation three years ago. you can see the markets coming back at the moment, certainly from their lowest session. joint statement we need to tell you about from the talks if in saudi arabia indicate that both nations agreed to begin negotiations for a lasting peace. let me show you the nasdaq. it sent the nasdaq into positive territory right around 2 p.m. eastern after markets had been clobbered by a brutal a uppercut this morning when president trump, incensed by canada's retaliatory tariffs imposed yesterday on u.s.-bound electricity, punched back this morning by threatening he will double tear tariffses on steel and aluminum 'em ports to 50. -- imports. he said they would start tomorrow but that is changing now as well. that's why you see the s&p going into the green along with the nasdaq and the russell.

moments ago, ontario premier doug ford agreed to suspend the surcharge he had slapped on lek trints port -- electricities exports after what he called a product if i conversation with howard lutnick. the two are expected to meet in d.c. for more talks on thursday, and you are about the hear exclusive reaction from the ceo of aluminum giant alcoa in one minute. obviously, aluminum right at the center of the threats from president trump earlier. but you can see investors' reaction. let's show you the s&p intraday. it's a better temperature gauge of the broader market. earlier a majority of the s&p 500 stocks had lost 10% from their recent highs and 209 stocks, or 40%, were in a a bear market as defined by falling 20%. the s&p 500 dipping into correction torety -- territory briefly before the ukraine news pulled the markets off the a bottom, and as you see right now, we do have the s&p up 4

points. low of the session had been a loss of 86 which, as we said, brought it into correction territory. let me get to the to dow heat map here. the dow had fallen nearly 7% from its december 4th record. at its worst point today, it had dropped 736 points. right now it is well off that fall. in fact, we do have the dow still in the red at the moment, but we do have it -- let me just check quickly, down about 235 points. you see the names responsible for holding it back. verizon, which was actually the winner yesterday, down 6.5%, followed by walt disney, mcdonald's, nike if, apple and ibm. then you see visa, amgen, honeywell. earlier delta airlines had been a real problem. if you believe airlines are a barometer of consumer spending, the major carriers are sending a worrisome message. delta at the moment down 6.5% after slashing its earnings outlook. delta saying in a filing it's

seeing softening domestic demand and a recent reduction in consumer and corporate confidence caused by increased, quote, macro uncertainty. so the airlines comprise a big chunk of the dow transports. they are not getting any help right now. in fact, they are still getting slammed, down 2.5% or 370 points. but look who's lagging along with the airlines. if you don't flew, guess you don't need a car rental. avis, delta, american airlines, old dominion concern avis is just getting clocked here. l it already had some questionable full-year earnings, and right now it's down about 10.5%, but some of that is looped n. to the nasdaq, i want to show you with nvidia. it's in the green. we've got it up with the nasdaq at the moment, up about three-quarter withs of a percent. invid. >>'s up 3.6%. the socks, this is interesting, the philly socks index which is a basket of semiconductor names, it had hit a 5 52-week low, it

has now reversed, up just a fraction at the moment. but the 5-day picture is pretty ugly, in fact, it's more than about a 6%. our floor show traders are ability to give you their best advice. this is hard, we know it, on protecting your portfolio especially during these conflicting headlines that seem to be changing every month -- every minute, rather. president trump's biggest and so far -- latest and so far biggest tariff threat had the u.s. aluminum countries in the green like century aluminum, alcoa, and then we've got kaiser and treadegar. all of them are still well into the green at the moment with century leading, up 12.25% followed by alcoa, up 4%. meanwhile, traders have been slamming the brakes on most of the u.s. automakers which use a voluminous amount of steel and aluminum it's turned into a mixed picture. gm back into the green, tesla was up 5.25%.

president trump sticking up for his buddy, elon musk, saying he's considering buying a tesla. ford still in the red by 2%, stellantis down 2.5%. the only american car manufacturer seeing gains is tesla, but keep in mind the stock has plummeted nearly that -- 45% since the year began. now president trump says the only way for tariffs to disappear is if canada, quote, becomes our cherished 51st state. let us get right now to aluminum if giant with alcoa and lauren simonetti, our reporter, who has landed an exclusive interview with the with ceo at its plant in messina, new york. lauren. >> reporter: liz, you need whiplash to follow the developments today. the stock market and the changes in the fluidity of these tariffs. bill oplinger is the ceo of of alcoa, and he is asking the president and the white house for an exemption on the part ports that we get -- can imports

that we get from canada considering that canada supplies a large majority of u.s. aluminum. he says he is not opposed to firing up new plants here in the united states, but it is not tariffs that is going to make him make that decision, it is energy policy. watch. >> we're very supportive of the president's efforts to not only create manufacturing jobs in the u.s., but to lower overall energy costs. so as a energy costs come down, we would certainly consider the u.s. as a place for further investment in the future. but it won't be based on tariffs. it'll be based on being able to lock in energy prices for a 20, 30 or 40-year time period. >> reporter: liz, ten minutes after that interview aired, the president said, no, it's not a 25% tariff proposal, i'm doubling that to 50%. and bill said consumers and customers would notice the 50%

immediately. >> our customers will see higher prices. whether they pass that through to their customers is really up to them, but we think it has to result in higher costs of packaging, cans, cars and, ultimately, that lows the demand for aluminum. and that's with we talk about 100,000 jobs in the if u.s. that could be negatively impacted by these tariffs. >> reporter: this is the art a of the deal, liz, because now we have the news that you brought us at the so much the show, that there will be a meeting between canada and our commerce secretary on thursday. and that electricity surcharge, that tariff has been suspended for now. they're talking. nine hours until this potential 50% tariff does go into effect if it goes into effect. both sides are watching because there are million of manufacturing jobs on the line are. both the president of the united states and ceo of alcoa share the same idea that they want to

restore u.s. manufacturing to its heyday like it was back at the height of maybe 20 million manufacturing jobs back in 1979. they just have different ways how they want to get there. but let's see if we can get there, because i think a lot of jobs, a lot of people who work in this plant here in messina, new york, and the other three smelters in the new york, those workers would agree. liz: yeah. lauren, you could call it the art of the deal, but if that's the art of the deal, it looks like a jackson pollack. lots of slattering -- splattering all over the place. some of that paint is getting all over people who had been long the market, then started selling because they were concerned, and now we once again are trying to get back into the green. the s&p and nasdaq have managed it. as a investors digest the headlines ares out of washington, president trump moments ago commented on the markets saying markets will go up and down, but we have to rebuild our country.

now, i know i'm getting a lot of this throwing at you at the moment, but this is also a hitting. the president said he will invite ukrainian leader volodymyr zelenskyy back to the white house. of course, you remember that very tense interaction between the president and zelenskyy just a week and a half if ago. the majors still mixed but mostly in the green. so keep in mind that ukrainian headline, that the ukrainians have agreed to a ceasefire, the headline broke just before 2 p.m. the immediate ceasefire for 30 days. defense stocks, they extended their losses. northrop grumman, lockheed martin, rt, and, they are now in the red except for rtx which is clinging slightly to the green. wed busch chief investment strategist -- [inaudible] joining me now. coming into the sessioned today, we had a loft big banks upping

their molds for recession. does -- models for recession. does this change where you stand even with these shape-shifting headlines about tariffs? >> the world right now is trying to figure out what's up and what's down. with the liquidity in these the tariffs or, it's difficult to figure out which direction things are headed. right now we're in a different moment than we were last year and the year prior where we had these amazing runs whether the data came out god, bad or neutral. we're now in a time where information's coming out, these headlines are hot and heavy and there's a roller coaster ride that is certainly aahead of us as we're seeing detier deterioration in -- deterioration in some of the numbers. liz: again, deity by day it's moving here. regional as were actually in the green earlier and most of them are, but the big financials have just had a horrible time of out, paul. and so that makes you wonder, weren't they supposed to be the one area or one with of two areas or three areas that would be immune to all of this tariff

talk? >> well, in terms of the financials, i mean, they're going to be the hurt by these tear tariff -- tariffs. but i really think you have to focus on the directional trend of the stock -- of the economy right now. and it is weakening. and it's going to con to weaken. it's going to affect financials negatively. liz: okay. well, let's just continue on the vein of the fact that everything's changing as we speak, and that's why i'm looking down at the headlines because they're changing minute by minute. paul, what then is the investment playbook? just cut to it, because people are waking up furious. then they think to themselves, okay, maybe my 401(k) will come back, or should i just get out of stocks? citigroup just downgraded equities to neutral. >> exactly. and i, you know, personally managing the money that i

manage, i'm largely in stocks -- i mean, largely in bonds, cash, gold, utilities, things like that. if you have to be in equitys, you know, we're going into a business cycle change which is a fancy word for a recession or a slowdown. and when that happens, you have to think about changing the mix that you have. you're going to have to get out of tech. that's not going to be a great investment in the next year or so is. or so. you want to be in consumer durables, you want to be in health care, you want to be in utilities, costco, walmart, companies -- mcdonald's, companies like that. these were the ones historically that did the best in the last two major recessions. and i think these are going to do well in any slowdown. liz: david, another headline.

maybe this 50% tariff on aluminum and steel that is coming in from canada to the united states that we had seen indicated by the president wouldn't happen -- or we had seen indicated by the commerce secretary in his conversations with doug ford, the premier of ottawa calming things down, trump has just said i will let you know if 50% tariffs on canada will go into effect. he says he's looking at reducing tariffs on canada now, but he said probably so so when asked if he would put it in. what are investors the believe? and maybe if they just tune out all of the headlines for the moment, where do you argue they should put their money? >> okay. great questions. i think short term we're obviously seeing chaos, you know? big swings on a daily -- it's the worst day since '22, and now it's an okay, positive day or maybe neutral-ish as it finishes with better headlines.

i think we're going to just see a lot of headlines. so we might see some tariff-flation, these 50% tariffsen aluminum or whatever, i think it's kind of interesting because a lot of this has been sizzle, and it hasn't really hit us yet. i'm not saying we're not going to see supply disruptions, but obviously if we see a 50% tariff on something, fors going to be very disruptive at least for a while -- it's going to be. i think it's important as the last guest was noting here that we try to look outside of what 60-40 has done in just directly allocating across the board. i think we've got to be more focused right now. a couple things i want to point out is, hey, did tesla change by, you know, 50% on the negative side since december? in, they didn't change by 50%. if but ultimately, this is a buy the dips moment. i like taking some profits right now and then, you know, out putting that into places like maybe some treasuries. but also a looking at things like growth-oriented hedging

strategies with, like, an annual reset that can give you none of the downside but reasonable rates on the upside. i love gold and silver right now. silver is having an outstanding day, and it's ultimately 5% below its -- 35% below its all-time high right now. i'm a big believer in the metal a miners, and i think they're going to lead over the next three, maybe five years as we begin to drill, baby, drill and we see price valuations as fort knox is being estimated here in the next couple of weeks as well. liz: yeah. most of the metal miners are moving into the green. silver up 2.33%, gold is up $25. some of that is a safe haven play. paul, david, good to have your perspective on a very, very tumulting white house session here. one major retailer, folks, finding not just a lump, but a whole coal mine in its holiday sales stocking. we're going to tell you why kohl's shares are going up in flames and sending the price to

near 30-year lows. and later, openai just rolling out its latest version of chatgpt as it fends off the a latest challenge from a chinese a.i. upstart called manus. stay tuned for my exclusive interview with the chief products officer with who just drew a standing room only crowd. dow is down about 314 points. can't really say we're out of the woods yet. ♪

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liz: fox business alert, the cofounder of facebooking, dustin moskovitz, is stepping down as ceo of asanaa, the publicly-traded company he cofounded. the stock of the work management

if platform is plunging on the announcement, down 21.6. moskovitz will retire as ceo. he is a majority owner of asanaa's outstanding shares. the revenue forecast for the full year had been below expectations, so the stock was already swooning here, but with we're watching it very closely along9 with the rest of the markets. i should tell you the s&p has gone back into negative territory. it's down 5 points at the moment. investors returning kohl's stock, down 25% to a near three-decade low. the retail chain beat on fiscal fourth quarter earnings but pested worse than expected holiday -- expected the -- posted worse than expected holiday quarter. ceo ashley buchanan said the move to de-emphasize core products such as fine jewelry, petite clothing and proprietary brands hurt sales. the lows of the session, $8.76,

right now it's at $9.0. kohl's joins macy's and big box retailers walmart and target in lowering investor expectations as recession fears grow dug a roller coaster -- during a roller coaster implementation of president trump's tariffs. target unchanged at the moment, slightly higher now. ful walmart and macy's are in the red. well, the nasdaq and the russell are still in the green, but you can't even leave this commercial break because everything is changing minute by minute. i'll show you what is at least in the green by more than 1.25%, bots. this is a basket of artificial intelligence stocks. a.i.'s ability to tackle the world's deadliest diseases may be too important to ignore. the ceo of tempest, a.i. stock, it's up 35% year to date. he is here on how he's using a.i. to fight cancer. the billionaire cofounder of groupon to, eric lev kousky, joins us next in a fox business exclusive. and even after amazon founder jeff bezos attended the trump

inauguration and has dined with the president, not working for the stock. if it is down nearly 15% over the past month. it has not been able to dodge the tariff headlines. but it might be worse if it weren't for a fashion influencer who started to share her flair for mixing high-end designer or pieces with items exclusively sourced from amazon on her social media account a few years ago. people began flocking to her frugal fashion site, and today caroline has more than a million followers and has built an empire that includes brand partnerships, jewelry,ed casts and and doing events. he's -- and advertising vents. she's this week's guest in my everyone talks to liz podcast. it's available wherever you get with your podcasts. interestingly, volatility is actually in the red, down 4%. but who knows? if minute by minute, hacked change. we are coming right back. don't move. ♪ ♪

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>> finally, they found everything's good, so they file our initial -- [inaudible] so everything is -- liz: okay, will you be stating any previous financial results? >> so all our financial -- company now is ready for quicker growth, strong growth again.

liz: that was super micro computers ceo telling the claman countdown yesterday that the a.i. data seven everybody maker is back on track after avoid ising a delisting from the nasdaq due to accounting issues that surfaced last october. investors are cleaving to that promise. look at the intraday picture here. the stock was already in the green, but it is now up 11.25% and climbing. the super micro chief was just one to have 3500a. a i. leaders here this week in las vegas at humanx who are blazing new trails in the world of artificial intelligence. id altering, right? if facial altering is kind of controversial, but we came across a company called eau wow.a a i -- oh wow.a a i at the conscious. look what they did for me. it wasn't exactly like looking in the mirror, but first they had me playing poker. i think that looks pretty much

like maine not that i would ever be at the poker table because i don't know how to play i. oh, this one with i like, me on a bill billboard with a guitar, i play the bass guitar, not the actual guitar. there's me on a motorcycle, ask and i personally love this one, jumping with a tiger. and then there's liz is back with my white tigers. do you like my hair like that? speaking of hair, that's me at the sphere. should i tut by -- cut my hair, you guys? what do you think? the companies attending human, and are making serious efforts to use a.i. applications to solve global crises including the fight against cancer. roughly 2 million people in the u.s. are diagnosed with cancer per year, and this is just devastating, 60,000 of them die from the deadly disease every year. my next guest wants to change that, eric lev cover sky, in 2015 his life changed when his

wife was diagnosed with breast cancer, so he founded tempus to personalize and customize cancer treatment. eric lev cover sky joins me now. of you said it's or the of like chatgpt for laboratory test results. explain what you mean by that and how it plays into curing cancer. >> i mean, we're essentially, you know, bringing a.i. to diagnostics by linking in this case genomic tests as intelligent as they can be by contextualizing those tests around the patient. so if you think about how a. a e. might come to health care, you could manage these record systems are a.i.-enabled. but we decided to embed a.i. into these laboratory test results or diagnostics themselves because today sit at the heart of almost every major decision a doctor makes. so we can make them smart.

we can essential essentially patients to the optimal therapeutic path. liz: this almost sounds like customizing care, almost precision type medicine. so if you could go a little bit deeper into how it works. you input massive amounts of data, and it will sift through them using artificial intelligence and customize care for each patient? >> yeah. so in the case of cancer, one of the post commonly ordered diagnostic is the this next generation sequencing. they might be sequenced to figure out what drugs should we give them. but too often and before tempus, those reports didn't know what drugs the patient took, they didn't know what clinical trials that patient might be eligible for. so you would find a mutation and say is, oh, here's a list of potential drugs that patient might avail themselves of. but you then ask the doctor and those care teams to spend lots of times what -- figuring out

what's right for that patient. it's targeted but not precise or personalized. so we said, look, what if we coul out of these medical health care systems and match that to the sequencing and then contextualize that in the realtime so that doctors don't have to kind of go with digging to figure out what to do next. a lot of that work is den for them using the benefits of technology and a.i. liz: not only are you a publicly-traded company and the stock is up something like 35% year to date and i'm look at it right now, it's gaining about 3%, you're legit many -- in many ways because you have a partnership with northwestern's cancer center. are insurers paying for this right now? what are they saying about in this? it seems like they were. >> you know, it's interesting, so the insurance companies, in particular medicare and medicaid and cms, over the last several years they have actually done a pretty good job of recognizing that that next generation

sequencing is important for therapy selection for cancer patients, and so reimbursement has gotten a whole lot better. private payers are behind. too often they're asking the government to bear that burden. but even a step beyond that we at present don't do a good job paying for a.i. in health care. in fact, we make it incredibly hard to pay for a.i. in health care. so if i've got an algorithm that could produce some kind of really important diagnostic result like, oh, don't take this drug or change this dose or be careful because you're going to get these add a verse events, we don't do a good job of making it easy to pay for that. so too often it can't be ordered by physicians. liz: okay. eric, you're doing wonderful work. we're going to foul you and the company -- follow you and the company. thank you so much. next, openai is making headlines today. we've got the chief product officer in an exclusive, kevin weal. ity ♪

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liz: fox business alert, we still have red on the screen. dow is down about 315 point, but in the city where gamblers come to play, bets are being placed on a.i. as witnessed by the 3500 people including openai leaders who descended on the first human-xai conference here. openai unveiled new tools for people and companies to develop their own a.i. agents. you're saying baa exactly is that? two weeks ago, jensen huang declared that so-called agentic a.i. is the next phase of artificial intelligence and these new openai tools help a.i. with the web search and computer usage and customize it to make your own so-called agent that speaks in your voice. everybody's asking what's next because the product releases are coming past and furiously. we got a chance to talk to d. a.'s dr. frankenstein, if you

will, openai's chief products officer kevin we'll, here in a fox business exclusive. you just released chatgpt 4.5. who gets it and what does it do. >> we've launched it to most of our paying users, and to the rest of our paying users this week. the exciting thing is it's the biggest model that we've ever trained, and one of the things that comes with training bigger and bigger models is, effect live -- effectively, the model's eq gets better. if you're asking about it about relationship issues, if you wanted to write a document for it, if you want it to interpret a document, there's no better model than 4.5. liz: eq, for those who don't know, emotion aliquot slept. this is the -- emotional quotient. mimicking more of the human qualities? >> it's subtle. it has a sense of humor, it can

be snarky, it's a lot more fun to talk to which is what people have been saying a lot. liz: what can it do for work force? like, tell me exactly what the specific new parts of it actually do that the previous versions did not. >> well, so one of the things that people do a lot in the work force is you're writing documents. you've got to write a new draft whether it's the a memo, a strategy paper. chatgpt 4.5 is an incredible writer. i use it to draft every single thing i write at work. i also get shared a million documents a day, it seems, and i often use it to summarize a document, so i get a really quick sense of what's going on. and then you can go to more powerful things like automating work flows using tools like operator that we launched recently. liz i'm hearing a. a i'll agents. ask we just with spoke with jensen huang, the ceo of nvidia, just a couple of weeks ago, and here's with what he had to say, and then i really want to hear what you think about it.

>> we call them agentic a.i., almost like a digital work force. they're digital marketing people or software engineers that will be agentic, and so that area is developing very nicely. and that's likely to come on next. liz: okay. is it all about a a.i. agents now? >> yeah, so this is the year that chatgpt will go from answering questions for you to actually doing things in the real world for you. and that's what agents are to us. they're, they're actors that can take action on your behalf. so we've actually released two agents already this year. one of them's called operator, and it can browse the web for you with. so you can talk to chatgpt and say, hey, could you go fill out this form for me, or could you go order my groceries. there are all a these actions we do in our daily life whether at home or at work that they're important to do, you need groceries, but the act of actually doing it isn't that interesting. i would love an a.i. to do that for me. agents are the things that can go out and do things in the real world for you.

it's going to be a huge transformation for chatgpt this year. we've already released two, there will be more, and i'm excited about it because it's making chatgpt more useful for the 400 million plus users that use it every week. liz: i'll tell you though, it feels like the development and not just on behalf of you guys, but all of the other rivals who woke up and said, oh, my gosh, openai's killing us, they've woken up and they've put on the hyperspeed, you know? that's what they're doing. >> yeah. liz: manus, even -- everybody's talking about that the here, and that is a new chinese agent that was developed, obviously, by chinese engineers. and it supposedly can actually think. it takes on tasks that it wasn't even asked to do as it builds upon the original task. do you look at a something like that that and say, wow, that's something to watch? >> i think the pace of development in a.i. is the exciting thing. you know, it makes us all a better. certainly, our goal is to stay

ahead. we've historically had the best, the most intelligent models. we've got more models coming soon that will again, i think, set the state of the art. and when you -- the thing that we've found is that the smarter models are, the for capable they are, the more problems you can solve for people in the real world. and, you know, that's why people use chatgpt every day. liz liz but it feel like the pace is so crazy right now just as you as the chief product officer come up with one thing, suddenly -- i mean, how are you working on the development? what does your calendar look like? [laughter] >> i mean, i don't sleep a whole lot. i don't think most focus at openai do. the it's probably the most talented team i've ever been able to work with. but, you know, the competition makes us better. i love it. you had larrybird and michael jordan, and they got out on the court every single day and made each other better. ultimately, the world benefits, and we're going to do everything we can to continue the lead that we have. of and right now i think the fact that you've got 400 million

people using chatgpt every week shows we're doing something valuable. liz: when something new comes out whether deepseek in january or this manus, new a.i. agency a, do you put it in the sandbox and try playing with it. >> oh, yeah. i play with everything. for sure. liz: what do you think of manus? >> look, what they've done well is they've integrated a bunch of tools. people said it's like chatgpt, and it's deep research and it's operator combined together. so they defined it in terms of the products that we've already launched, but they've done a good job integrating it. i think that's really important too. so there's a lot of development happening. kudos to people who are doing great work. we're going to keep doing great work as well. liz: i listen to a lot of people who say they no longer do google searches, they use chatgpt, because google searches give you a bunch of junk and sponsored content. is your goal to put google

search in the junk heap? >> so our goal has been to make chatgpt more valuable, make it easy for it to answer more of the questions that you might have. and if in the process people begin choosing it more often, then, you know, that's great for us. liz: what the next -- what is the next big product that i know you probably don't want to taint, but when you look at the possibilities in this brave new world, what about scientific discovery? >> yeah. there is, honestly, that's one of the things that's closest to our mission. the thought that -- i mean, just imagine if a.i. could make scientific discovery 10x faster. that is the thing, ultimately, that drives gdp growth in developed nations. and so one of the things that we've done that we're really excited about is a partnership with a national lab. so folks like lawrence liver more, sandy ya, loss aral loss, we're putting -- close alamos, we're -- los alamos. we're putting our material in their hands, really important or

stuff. and what they've been able to do with our models would blow your mind. and, you know, it's one of the most mission-oriented things we do, working with researchers to advance the state of science. liz: you know, you need data centers to run all of this stuff. >> uh-huh. liz: obviously, stargate -- >> yes. liz: -- is something that's getting out there. sam altman, of course, the head of openai is part of that, softbank, larry ellison of oracle. what opportunities do you see from the buildout of what is expected to be hamasive data -- a massive data center operation with stargate? >> for folks who don't know, we've committed to investing along with the partners you mentioned and others about $500 billion for -- liz: that's it? >> -- for energy, infrastructure, for chips -- liz: it's crazy. [laughter] >> yeah. and the reason we've done it is everything we've seen over the course of the ten years or so that we've been building open a ai is the more compute you put into a model, the smarter the model is, the more capabilities

it has, the more problems it can solve. and that's gotten us to where we are today, and we believe these scaling laws are going to continue, models are going to continue getting smarter, and we're beginning to solve more problem problems for people in their dalely lyes and at work -- daily lives and at a work with. liz: openai fired an unbelievable opening salvo in november of 2022, and it really -- i mean, we cover the stock market. i have not seen many other situations where suddenly that tide lifted every boat when it came to just everything. and then you started to see all kinds of companies say i need to incorporate a.i. into what i do whether they are a technology stock or not. china has these ors i don't know if it's six or seven so-called tigers -- >> right. liz: these companies, tencent, alibaba, all these names developing their own chat bots. how far in the forefront is it when you have meetings and you

say, guys, we can feel them breathing down our necks on the track? we were ahead, we've got to stay ahead, and how do you do that? >> i think you're right that we're just at the beginning of this transformation. it's going to transform every company and every government in the world. it's no surprise that the prc is here. frankly, it's surprising in some ways that it took them -- liz: this long. >> -- this long. but here they are. liz: well, you guys woke them up in a way, that's what some say. >> i'm sure. a.i. is a super value able thing. it's going to be important for every country in the world. the model that deepseek launched is good. it's maybe on par or a little below the model that we launched a few months ago, so they're catching up just as we are about to forge ahead with a new model that's head and shoulders above that. and, you know, what's important to us, what's important to me personally as well is that when we, when you see these modeling with used in every government

and business in the world, i want a model that was built with democratic values, with, you know, principles of free speech and other things built in. i don't want a model that was forged with authoritarian values. so it's really important that the u.s. and the west win this coming battle of a.i., and, you know, openai is a leader. we intend to continue being a leader, and is we intend to help the u.s. win. liz: kevin weil of openai. as we look at the markets at the moment, dow is still down 389. breaking news, president trump speaking at the white house moments ago alongside tesla ceo elon musk and a line of the ev cars. this is the event where the headlines that we reported at the top of the hour came out of. now, most notable the president says, quote, he is not concerned about the market volatility. that investors have endured and seen. on the russian front, so to speak, trump says he expects the speak the vladimir putin, the

russian leader, this week and hopes he agrees to sign a ceasefire deal with ukraine, the country that russia invaded three years ago. peen while, trump said elon musk is being treated, quote, unfairly. musk says he has every intention of remaining the ceo of tesla as he continues to work at the department of government efficiency. trump said earlier today he would gladly buy a tesla. shares of the ev maker in this final hour, eight a minutes left to trade, are moving in the green at the moment. in fact, they've been this most of the session. they did dip into the negative just after 10:30 a.m. eastern, but right now back in the green by 4.5%. we are coming right back. the nasdaq is the only index in the green along with the russell. we're coming back in a second. ♪ ♪ we've always been competitive. ♪ yeah...one of us always had to be first. - first! - first!

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liz: closing bell we're about three minutes left before we hear it and amid all the drama, major indexes cannot hold on to the gains they just scratched out and nasdaq just turned negative and down seven points and s&p down 36 and dow down 443. crypto currencies are vaulting higher and ethereum and xrp are going higher and in vegas, our

count down road trip is not over and tomorrow i'm in austin, texas, to report from south x southwest and rivian maker here and looking at rivian r1s all electric suv and we'll bring you sights and sounds from the tech music and film festival tomorrow on fox business. in the meantime, amid this trade war in recession fears, safe haven gold is moving higher and count down closer says he's not golden opportunity to defense in the portfolio and eddie ghabour principle there and how do you best play gold and what are you advising investors right now? >> we're anywhere from 30-60% and higher tilt towards growth and going in a short term bear market and look to raise cash

and end of the day, the thing that our government has to do to get ungracious down, to get the deficit spending down and interest rates down are going to be negative for risk assets and we're expecting a 15-20 fertilizers drop in the s&p if this continues and we don't think the fed will save the day. increasing defense after a great run and just wait and see because there'll be golden opportunities no pun intended in the second half of this year. liz: saved by the g-l-d spider gold index and you happen 11% year-to-date and eddie ghabour, thank you on a very busy day and the russell is the only index that looks to eke out a small gain and what a wild session and headlines from the trade war and not complete so stay tuned to kudlow. he is next