do. charles: two articles going for gen z and going for them and it's on the line and going for them and got to move it. right this. >> awesome company. >> this is about as much as it does. charles: putting down this generation and john gen zs and where are we with that? >> going back to where you started and american exceptionallism and going for them showing what the dream is and going to buy more fer ferraris and going for them. >> it's the best step. charles: leave it this. thank you as always. folks, ta tay rigs in for liz claman.

taylor: charles, i thought of you. they're announcing a quantum x chip and you're the quantum x guy. as you can see, the major average is snap ago two day win streak and markets are lower and hello, i'm taylor riggs in for liz claman and we're kicking off the very busy hour with breaking news. nvidia ceo jenson wong delivering the keynote address at gtc a icon friends. wang calling it the super bowl of ai. it's no longer wood stock, that's so last year, as he unveils the new bl blackwell ultra chip moments ago. we're getting fresh details about the next generation chip rubin coming after that and we have a quantum x chip right now. we're down about 2.25% in line with the broader market and as you know, share haves been on a roller coaster ride in 2025.

wiping out about $700 billion from its peak market cap. justin wang's performance dazzle investors enough to make up the gap. that's where we go to susan li, who has all of the ai buzz from the you'd ya event and she's joining us live from the fox business news room. susan, it is a super bowl event and this is one we can all win.. reporter: yeah, 25,000 descended on san jose to believe in the super bowl wood stock seventh we've got our first big announcements from the gtc event, god father jenson wang just a>> the time has arrived and looking forward to building

with gm. reporter: thick and fast in the last 45 minutes or so and jenson announcing a new open source software library going with the bug announcements and of course investments are going for ai chips and the hardware and a new revved up blackwell ultra going for them and it's in the second half of this year and then the next generation rubin model in the second half of next year. robotics are a major theme this year going for them and that's going to make them across the stage and it's a chip model each year and it's not easy to do. the shine may come off the stocks and it's about 10% on the year and in correction territory training close to 6 month lows and nvidia losing around $60 billion in year and most came in just one day with deepseek shock and maybe you

don't need to spend hundreds of billions to build up advanced ai models and just to brush it all off. he says the industry is just simply evolving. >> it has become more useful and it's another reason and it is more used not egoup on ai spending and that's despite going for them and they're all going big and increasing their spending around 20% each this year. look at huge numbers and amazon, microsoft, meta and google now of course, most of that money we're talking about hundreds of billions of dollars will go to buy nvidia chips of course. now nvidia is forecast 30g% growth over the next four years and the growth rates going for them and it's still going to be

pretty impress anive and each and every year and by the way, taylor, the news with the stock is down cheaper in multiples and it's going to last year and 34% and now this year going to compared to gpc. i wish i talk about that and it's the leather jacket and thank you so much. taylor: love the breaking news, outside of nvidia, there's other big tech names making news and google announcing acquisition of clouds and whiz about $32 billion and as you can see, tech and google under pressure and google off now more than 2%. and broader mar markets have been in the holding pattern and await a federal reserve decision tomorrow and two-day meeting kicks off today and 10 year yields down a bit to a two point -- sorry, 4.29% and we also got important economic data this morning showing a mixed picture and on one hand housing

starts better than expected and jumping 11 pester in february. they rose unexpectedly and factory activity as measured by industrial production. that rose more than expected and that surge in output is led by. going with senior market and bernstein private wealth senior investment strategist roosevelt bowman. great to have you, gentleman. what do you make of the push pull in the market? there's a good rally and tech that draws us lower again. have we started figuring out where the floor is in the market? >> i think the answer is not yet. we're definitely starting to see some signs that the bottom may be coming, but we have to be

cryobank careful calling bot tops. people have lost fortunes calling bot 2078s. we like to see market breath improving, we see the fear index in terms of retail investors pinned pretty well in the red in the fear zone. we've got february seasonality ending mercifully on friday of last week. we have options expiration this friday of course. there's a lot of technical reasons why we're starting to feel better but too early to call it a comeback. i will make one over point, we're seeing the -- what we like to call the smart money and hedge funds and institutional traders come back in and casually add names that were beat up good. taylor: we all await the fed and we're always waiting for the fed and if there isn't a decision tomorrow, maybe unchanged or a pause s it waiting to see for them with the year.

>> realtime measures of consumer spending and they've pulled back and surveys from businesses and new york, filly, kansas and -- philly, kansas city and dallas all showing the same thing from a capital business expenditure and lower expected spending going forward and lower hiring going forward. look at both households and businesses concerned about the economic outlook, that's important. the federal public acknowledge that had and not going to change the economic forecast just a quarter. taylor: couldn't you say watch what i do, not what i say? there's been a big disconnect and the soft data is weak, but i

haven't seen a big change in hard data or frankly even earnings estimates up to this point. >> yeah, to that point and they've been really pulled back and some of the hard data we've seen are seeing deterioration and retail sales kind of aggregate over the last couple monarchy months and notable pullback and look at labor market and forward looking indicators and on my job posting ands salary associated with those and spread between those that are switching j jobs and those that are staying, that's compressed and leading indicators and employer haves more power than employees and households are concerned about their jock prospects and that happens and pullback on spending. taylor: mark, the big news has been nvidia and i've been in tune to my screen and getting for them and are you sure now is

the time? >> going back to the previous question and a lot of na names are on sale and on sale for a reason and not because ai is dead or we've stopped generating data and i'm not using my phone or connected devices any less than three weeks ago and of course we're starting to see buying come back in and notwithstanding even nvidia on the news from their gtc conference today. the stock is still off and this is risk on risk off stuff, taylor. trying to make people understand that. what do traders sell with corrections and stuff that's up the most. taylor: what about the comments to robots and is that so far out into the future and robots something to get behind?

it's not ten to 30 years away and it's using in quantum on our old devices and that are not capable. quantum is in use and same guy that said 10-30 years away going for them. going separating from truth and fictiongoing for quantum. taylor: roosevelt, thinking of sectors and tech led the way up and it's leading the way down and going for them and it's under performer. going for them on the like. going if the birth of five year term. is that what you tell your clients that this villanuevatyty

is normal going to -- volatility going to be in revolution going for them and it's going for the revolution and going for them and the game plan. >> it's a combination of both and telling our clients we were expecting slower growth into the year and interest rates at levels that are unlikely to persist over the long run and going for them and the trade policy going to certainly help that along and. this is before the recent decline and leaning more into healthcare staples and consumers and tech trade broadening it out and going to have it so focussed and going with the cloud and looking at power and cooling and. and infrastructures going for them and it's on the owner of this and going for them. right now going for them and going to be appreciated.

taylor: charles payne going to have that big fed rate going to make money and happens at 2:00 p.m.. going to pick up with the count down action going with the cast of them and berry and they come with it and happening tomorrow at 3:00 p.m. here on fox business. meanwhile up next, elon musk focussing on cutting government waste and tech stock falling more than 40% this year. and down again today and coming on the losses and going on that line and it's coming right back. your clients look to you. you look to t. rowe price. (♪)

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>> analyst at rbc capital market cut price target on the stock citing increased competition. some of that competition comes out of china where today, byd unveiled a five minute charging technology. pretty incredible. another ev maker lucid going in the opposite direction. shares up more than 10% and this is after morgan stanley analyst adam jonas raised his rates based on a change in the company's leadership. lucid's founder and chief executive announced in late february he's taking the exit

ramp and lucid is on the hunt for a new lead tore drive the company forward. budget airline frontier that a lot wouldn't take and maybe they will now. they're offering free checked bags for summer travel. this is a major swipe at frontier's rival southwest, which you will remember just last week announce that had it would charge customers for checked bags in the first time in the airline's history. shares of these companies mixed and southwest to the upside and frontier to the downside. and therapeutic shares plunging more than 25% on the day. this is after a patient that received it is approved gene therapy passed away. according to the company, the patient developed acute liver failure after receiving the therapy aimed at treating types of muscular dystrophy. high egg prices scrambling and

routines across the nation. what the impact has been on small businesses catering to the hungry am work force. we're asking the ceo of new jersey-based bagel chain oh baying l in a fox business exclusive. don't miss the big money show and brian brenberg, jackie deangeles, dagen mcdowell and i have all the breaking market news each weekday at noon eastern and here on fox business. we're coming right back.

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taylor: chopping 44% decline since february 28th and 8:58 a -- $8.58 a does and recent plunge going for them across the line and going for them to wait for it. going across joining us is the ceo steven el hassan. taylor: six dozen eggs and going for them and impacted about.

>> we had unanticipated food costs and we had exit increased over 200% over the last two monarchies -- sorry, over the last six months and we're all about focussing on controllables and we want to be focussed on efficiencies and positive impacts and the number of vendor relationships and focussing on the controllables and solutions as well. david: so you can't control wholesale prices and reported drop and a lot of people saying the retail prices we haven't seen that decline yet. are you able to lower prices yet because the cost of the wholesale egg is coming down or much more complicated than that? >> making sure quality is never jeopardized and i want our quality, service and value is there. we focus on vendor relationships and attack them with them

about. >> we have optimization and phenomenal other universities of them and it's going for them. >> gobbing for the grilled chicken sandwiches and it hits all factors and it's cost effective for the customers and impactful for us and hits all the markets that we have looking for them taylor: it's in the next three years and not at new jersey and talking about them and going for them and it's focussing on the community of jersey and we're the jersey press baying l and not doing it on the line and expanding the line going for them and >> going to offset the food costs and going for them in bulk and opening up the newest location in mount claire and exciting in the next three to four months. >> taylor: you've mentioned small business and family owned. part of the story has been the

success of small businesses on tiktok and i'll out you, in commercial break you were filming a tiktok to promote your business. there's threats tiktok could be shut down if not bought out away from the chinese. what has tiktok done to your business, where do you go? >> it's a cheat code to the business market and going to put yourself out there and no one is going to sell you and your business like yourself. involved in local communities and universities and collaboration. >> it's a huge supporter of making america healthy again movement. taylor: i want to make sure i don't want dyes and cancer and adhd cancer projects going to give me cancer eventually. how on board with you, does rk

jr. go on? >> i'm a big supporter of that and i have children of my own. fresh ingredients are important and crack eggs every day and same with the meat. taylor: oh, come on. >> come on. all the fresh ingredients. taylor: what's the best sell instruct her >> bee sting and chicken sandwiches, these are chicken cutlets and my favorite is the fuego, chicken cutlet with chipotle aioli and baying l bites and we do -- bagel bites and they're in bite sized form. taylor: i will not eat it because i have to -- >> this is banging of course. taylor: i won't eat because i have to say good-bye and not choke on my food.

much success to you as a family business. >> thank you so much. taylor: israel ramping up attacks on hamas and gaza and ceasefire coming to an end. we're taking you live to tel aviv for details on the expanded area and what it means for remaining hostages in captivity and favorite story of the day, two nasa astronauts are stranded no more. billionaire astronaut larry conner shares his thoughts on the spacex rescue mission and what boeing's problems mean for the privatization of space. the claman countdown is coming right back. ♪ ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned,

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phone today at the white house. top of the agenda is a potential ceasefire in the war with ukraine. two leaders agreeing that the conflict needs to end and first steps with peace begins with energy and infrastructure ceasefire. according to a white house statement, the implementation of maritime ceasefire in the black sea will be included in negotiations to begin immediately in the middle east. trump and putin also discussed iran and war in gaza and need to stop the proliferation of strategic weapons and the new president working in ukraine with the ceasefire going for israel and hamas is over. stockpile going for them killing head of the idf in the gaza strip and we're going to fox news correspondent trey yingst following all of the action today. and he's joining us live now if

n a very late tel aviv. hey, trey. reporter: hey, taylor. good afternoon. tonight israeli prime minister benjamin netanyahu addressed his country after the ceasefire between israel and hamas collapse and netanyahu saying that the war against hamas will continue till the hostages are freed from hamas and going with captivity and overnight israel lawning dozens of air strikes in the gaza strip and populations in gaza city and han yunnis and ha sam who was acting as one of the de facto work of the group and spokesman of islamic jihad and funerals held for the dead and many are civilians and the question is now will this continue and some families are going to be held hostages in

gaza and gathering outside of the israeli parliament and protesting the war and calling for immediate release of their loved ones. going on the hostages on call and going for them and going for them to put them in danger. reporter: evacuation orders given with a map for palestinian gos to live the order israel changing its negotiating in both cairo and doha and the prime minister says israel only negotiating till there's a keys

fire on the gaza strip. taylor. taylor: trey yingst, thank you for that reporting. meanwhile big breaking news and one of my favorite stories of the day and we're about 2 two hours and 18 minutes away and going from the nasa as 23409 going for them and suni williams and going for elon musk spacex going for them and going for days and they were supposed to go with the space station for aweek ask arriving on the first crew test flight of boeing test liner and going to return to that on the ship and joining me now going for them on the fox line and going for them and going for the privatization for the exploration of space coming home and going on the spacex

vessel. >> yeah, taylor, thanks for having me and paramount is as noteds come home safely. they've been on station for almost 10 months and the two astronauts are knowledgeable and experienced and talented and they're going to good use and most trying things will have been for their families waiting for them to come home. taylor: early on in these days, i was read ago lot of analyst reporting about beauing and calls that this should be a company that's broken up. it's a great defense company that we rely on in america. a lot of people were worried that maybe it had lost its way, especially because it couldn't keep up in the space race with

other people like jeff bezos, like elon musk. how do you think about boeing and that star liner program? >> well, it makes sense to two two competing companies and then having a competitor is good and obviously boeing had trials and tribulations and it remains to be seen and could they unattach from the iss and going with them successfully and going for them and that was eight, nine months ago and that was going and forward two competitors makes more sense to me. taylor: some people thinking there's more than two as well

and bezos blue origin and the virgin galactic and do you see them as far competitors and how far behind are they to space ex-? >> i think spacex has the lead and here's my thought, cheever country controls space, controls the ground. united states in the lead right now. but honestly the chinese going to unleash the full power of american free enterprise system with the two names and competition is good and explanation is critical on what's most important is that america leads the way. taylor: i have to ask you on a personal level, what's it like to be in space and look down on planet earth? >> so i don't have two

observations. one, yeah, it's one of those things you have to be there to appreciate it, and to be able to look down is like an extraordinary experience. was it "transformtive for me"? no, it was a unbelievably great, very gratifying experience and i will tell you right now astronauts are a couple hours from life and speed on the ride up or down. exciting dynamic time is the lasting art and they're about to enter and roller costars and they're going to love their last one. taylor: what's the re-industry burn like when you're reentering earth? >> it's a great question. in about an hour or so and the crew dragon capsule shields down and literally where you are

positioned as you reenter earth, you can see the flames mapping up the sides through the side portal. very safe but very excited. taylor: you, my friend, that's going to impress you and you're one of the few and i think the first in history and going from space and dove to the deepest parts of the trench, which is more exciting and going for the ocean. >> the greatest experiences is taking one with space and going to take reentry with the two astronauts going for it now. taylor: what's the recovery like for them and it's being up there for ten months and adjustment for your body and bones and your or organs and what is that like? >> that's a very interesting question.

we were in space for 17 days and so it takes you a few days to get your earth legs back underneath you. 10 months now, what's important is they work out virtually every day, but they're going to have an acclimation period. probably going to be 2-4 week period of time to get re-acclimated to earth and walking and doing some of the normal functions such as driving but they stay in great shape and these are two people with prior experience and i think they'll do just fine. taylor: i have to say, there's nothing more impressive than what we see on display, which is american entrepreneurship and innovation and ingenuity and i love a quote in a piece that said if you can dream it you can do it. only thing that stops us is the fear of it. that if you overcome that, you can do it. larry connor, we really appreciate you, and we'll be

praying for the astronauts on that reentry in just a few hours as you mentioned. >> thanks for having me. taylor: gosh, doesn't it welcome bring tears to your eyes and gives me chills thinking about this stuff. it's incredible. self-proclaimed cryptopresident claiming to make america the cryptocapitol of the world. what's his plan to do it? we're asking the executive director of the working group and beau hines is here in studio and next on the claman countdown. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there.

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taylor: republican senator tom9 cotton of arkansas at odds with the trump administration over tucker doc and oracle's possible licensing deal. charlie gasparino joining us now. >> yesterday everything was in stasis, it kind of changed today. here's why we're in the first -- third inning or whatever, what is the cliche? [laughter] taylor: first inning. >> i think it's more like fourth or fifth, and there's a lot to go. there is a law on the books signed into law by joe biden, something like tactic doc off your device act, it was something that broad. it was litigated, the supreme court ruled it's legal.

it went into effect, essentially, three days before donald trump was inaugurated. donald trump, who once hated tiktok, wanted to ban it, was then kind of -- now likes it. he believes it helped him get elected through video apps, you know, circulating, pro-trump video apps. people like tom cotton, republican on the intelligence committee, one of the bigtime republicans in the senate, still thinks that it's using -- it has access to the user data, he wants to ban it. he wants them to abide by the law which essentially said, and i read it -- i also read pars of the supreme court ruling -- you've either got to ban or basically take this totally out of chinese hands, algorithm and all. chinese don't want to give up the the algorithm and that's to where we are even with this license aring deal. not a lot is known about the licensing deal, but the white house -- hasn't gone public with it, i just talked to sources, that's why i was able to break

the story a couple weeks ago,s it is clearly a licensing agreement. not much has changed. oracle stores tiktok's data in its cloud in texas, it's called project texas. there are probably enhanced security as aspects of it, but it's still the algorithm will be owned by the chinese. and that -- taylor: so we're trusting oracle the verify what the chinese --? >> it's even more than that. it seems to me what they're doing -- again, i don't have the document, tom cotton doesn't either. but he has discussions with the white house. it seems to be the chinese won't give up the secret sauce which gives, which allegedly brain brain warrens kids with videos, anti-american propaganda, also allows the chinese to siphon that user data for spy craft purposes. and that's why he's opposed to anything, anything that does not if comply with this law. and it looks like this doesn't

comply with the law. so i will tell you there are discussions at the white house about this today. there's a lot of talk, is this the the worth -- is this a bridge worth dying on, you know? because, let's face it, you got doge, you've got taxes, you've got a lot on your plate, immigration. every day is another lawsuit. and if this doesn't really comply with the law, this, whatever, licensing thing that is pretty specific and draconian, you open yourself up to tremendous mitigation. if you're oracle, you essentially would need white house indemnification was a state attorney general, like a democratic state attorney general, they're in favor of this. biden signed this. they want to break up tiktok, they may sue you. so this is, again, i would say first inning, you know, listen, if -- was sitting here right now -- cotton was sitting here right now, i haven't seen the

deal. but he would also say if it doesn't comport with this law, no go from me. he's an important vote. he is eauen the -- he is on the intelligence committee, one of the leading republicans in the senate, and it's going to be a battle royale, i think, between tom cotton and the trump the administration if they push this. again, we haven't seen it. there may be tweaks in this thing, i don't know. mine, he doesn't know. taylor: right. >> what is a licensing deal, you know? we license it and we control it minus the chinese for -- i mean, they give us the algorithm, i don't think. i'm not tech smart. maybe your next guest a can answer a -- taylor: well, we have a good one coming up. >> i will say, you know, this thing is now being with blocked. taylor: okay. >> as of now. pay change tomorrow. taylor: as you know, if there's a willing buyer with, there has to be a willing seller. charlie gasparino, thanks so much. we're just about five wents --

minutes away from this closing bell, and we're in a pretty broad-based tech selloff. we're off the session lows, the dow at a one point was i down more than 420. we've started to try to cut those losses in half. the s&p and the nasdaq is both down more than 1% as you can see, tech leading the way. we're also kind of in this wait and see mode, right? the fed decision that today started that two-day rate decision but, again, we have to get to that meeting tomorrow. investors really want clarity about a paul and his comments on the state of -- about powell and his comments on the state of the economy. cryptos also lower. bitcoin, ooh, hit $82,000. this is all, again, we're sort of looking forward to the fed if tomorrow. joining me now, the executive director of the president's work withing group on digital assets, bo hines. all right, so you're in town for this big a.i./crypto summit. what did you learn, what did you see, what's sort of the enthusiasm coming from washington as it relates to crypto? >> there's been a sea change,

right? this is an industry that's been broadly beaten down over the last decade and a half especially over the course of the last four years. under president trump's leadership and our a.i. and crypto czar, david sacks, we've made monumental strides in the first eight a weeks really just to unburden the industry. you know, president trump talked about it at the crypto summit last week, making sure we're removing the regulatory rules and initiatives that undergirded operation choampoint 2.0, what that was was basically an attempt to stop institutioninging a banks from interacting with digital asset firms. this is something we're working through with the internal working group established in president trump's first executive order to clear the deck and allow this industry to thrive. a. taylor: from what i heard from david sacks, and you can correct me if i'm wrong, sounded like there was that big with bitcoin reserve which is a long-term strategic i la -- play. but then there was a strategic stockpile which is crypto x

bitcoin which was more of a strategic trading account under the direction of the treasury is secretary that could do things like -- right in are these two separate things in your mind. >> they are separate. our attempt here was to recognize bitcoin for what it is, which is very unique. it's a commodity, not a security. that has the immaculate conception as our a.i. meaning there's no the issueer. it has intrinsic stored value and has traditionally been accepted, so we want to harness this asset for the american people. one ting that's unique here is that the president is acquiring assets for the american people rather than taking it away, and we prematurely sold roughly half of our bitcoin for about a $370 million. if we would have held on to that, it'd be worth $17 billion today. i'm excited about president trump's leadership in this space. we're ushering in the golden ager as he likes to say -- taylor: you said it's a commodity, not a security, which

means it falls under -- think it falls under the purview of the cftc. who is your appropriate regulator? >> we're going to work through all of this. this is going to usher in u.s. dollar global dominance for decades to come and really revolutionize the financial marketplace. and i'm excited that the united states is taking the charge on that. and can truly being the leader in digital asset financial-technological development. with this we'll get into market structure as well. the president made it clear he'd like to see stables and market structure before august recess. i think we're well on our way to deliver on his wishes. taylor: you said there is intrinsic value. i'm traditional, right -- [laughter] i know a stock, the intrinsic value is, like, the company's profits. what is the intrinsic value of bitcoin? >> well, it's finite, that's what's unique about it. it's basically digitalal gold, and that's why we've described it that way, and the president's talked about a creating a

digital fort knox. we're going to ai a quire bitcoin in budget-neutral ways, really harnessing the value of this asset. but the sky is the limit for this industry. if we pass these monumental pieces of legislation, that's great for the united states of america. taylor: you have 15 seconds, where does the price of bitcoin go from here? can we recover anytime soon those record highs of 108,000-ish? >> i'm not a financial adviser, but i will say i think the sky's the limit, you know? we're excited about it. taylor: okay. to the moon and to mars and beyond. really appreciate, bo hines. there you have it. as you can see is, markets snapping a two-day winning streak as we are just getting pressured. again, wait and see mode ahead of the big fed decision tomorrow. "kudlow" is next. ♪ ♪ larry: hello, folks, welcome to "kudlow."

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