liz claman, over to you. liz: thank you very much charles, happy monday, can you believe the wall street numbers crunchers in the predictive analytics, this week the third week of september is actually considered the worst week of the entire year for the u.s. equities, we have that going for us and as we kick off the final hour of trade all three majors have that in the green most of the session and they've also been in the red and at the moment we have the dow jones industrials holding onto 16 points, you could give apple a lot of credit for that after pretty rough-and-tumble days last week, the iphone maker is popping to present at the moment, 8% down this quarter to date, 5% down for the month, with reports of the new iphone 15 order specifically for the promax order, so robust they're pushing delivery dates to november we have shares muscling higher for apple in the last check they were the best performer on the dow jones industrial, here we go the s&p 500 also in the green at the moment we have up just f

folks, i'm kelly o'grady and in for liz claman and begin in final hour of trading with the markets and the bulls stumble into a long holiday weekend the dow defying the odds and kicking off a historically weak month for gains and index on pace for a fifth up day in the last six sessions. now the s&p flirting with that unchanged line slightly positive right now after dipping into the red and nasdaq risks the five day win streak and if it it can somehow have the winning streak for june 15th and see that today. the market action propelled by questions of whether or not the fed holds rates steady after the august jump report shows an up tick in unemployment rate there and joining me now from the white house lawn with more details is edward lawrence. edward, break it down for us. >> yeah, kelly, as you said, expectations were beat with this jobs report and the unemployment raise rises and gives president joe biden a talking point and also the fed reserve room to pause if they want to. if you peel back the onion in this jobs report, we find average hourly wages are up 4.3% year over year. th

liz claman, over to you. liz: i was wearing those in santa cruz in the '80s, that was the shoe of choice. thank you very much. kennedy, as always. normally ahead of an interest rate announcement by the federal reserve you would see markets in a holding pattern, but that's not exactly this. as we kick off the final hour of trade, we do have the dow jones industrials, albeit off of their earlier lows, down 1599. the s&p is -- 159. the s&p is losing 16 points. it's not exactly just flat or holding here. and the nasdaq is down 52 points, over a third of a prosecutor. -- percent. we should say as we look at all s&p 11 big sectors, only one is in the green, that would be health care. biggest laggards, energy, the industrials, materials, so the bears have their strongest grip right now on those names, energy pretty much at the top. big announcements are not helping. big announcements that were supposed to juice certain stocks, at least that's the way the ceos probably thought, both disney and amazon pushed out headl

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[closing bell rings] that will do it for the claman county down.

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liz claman, over to you. liz: if you want two different opinions, ask for -- if you want four different opinions, ask two economists. charles: not going to say my joke about asking economists and screwing in a lightbulb but i know you'd get it. liz: thank you, charles, we're off session lows and if you're wondering why the dow and nasdaq is stuck in a sea of red in the final hour of trade, pull up one stock and it's apple. apple is having an unusually rough session and shares are down about 3.9% getting very close, if not at the low of the session here. price is $182.28 and dragged lower on wall street journal report that china ordered government officials at government agencies to stop using apple iphones for anything work related. in fact, they don't even want people to be bringing the iphone to work. apple relies heavily on china as a major market and dominates the high end smart phone markets and you can understand why this might hurt apple if that kind of ban spreads to regular people in china. we do hav

liz claman or or over to you. [laughter] liz: it's like, you know, you guys, you're not she can key green of thank you very much, charles. stocks rebounding, but i do have to temper this here. the major averages are off their session highs. 96 points for the dow jones industrials, s&p up 23, the nasdaq up 1022. russell's got a gain of a 15 points and the transportses a nice move of a full percentage point. just about anything, we should say, that is chip-related due in great part to a.i. momentum is moving higher. intel is right up there as one of the top performers with a, let's see, 4.55% gain, that is a good move. applied materials, up 2.25%. these are the aaas, aat mat, apply frommed materials and amd. and how about arm? arm having a strong session. hpe at the bottom here, it is not specifically e a chip stock the, but it is getting a 3.5% bump on record-breaking order at its a.i. unit. coming up, ceo with antonio nary is here in a fox business exclusive on the brave new business he's doing in a.i. okay, so if

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eastern right here on "the claman countdown." we are just over two weeks away from the federal reserve's rate-setting meeting. the data has been slowing at what experts say is an appropriate pace, and bank strategists are downgrading, so let's get to the floor show. trader scott shellady and guru andy brennerer. you know, scott, you've been trading for decades worth of septembers. what's your feeling this time around? is it going to duck the ugly stick? >> you know what? i'm not too excited about the market rally are. i think headwinds, i don't like what i'm seeing with oil as high as it is today. i didn't like that jobs report at all. i look looked at the revisions, and the revisions were bad. 400 points of interest rate hikes still need to kind of come through. i think we're only starting to see the tip of that. we've got auto, home concern auto and home delinquencies spiking, our -- are going up again, the housing sector's not moving at all. you don't want to pay 775 on a mortgage, and you don't want to leave your 3.5% mortgag

liz claman, over to you. liz: while you guys were talking, we've got to begin with a pox market alert. the bears, who had been in the cave for much of the session, were not hibernating. as we kick off the final hour of trade the, look and sigh how close the major indices are to maybe losing most of their gains, and the nasdaq has just begin up all of the gains, now down 4 points. dow jones industrials up 28 but had been up 127 points earlier. s&p still hanging on to a fraction of green, but it's lost most of the 22-point high from earlier. for the first time in five sessions, the nasdaq really looked like it had a shot at closing higher. tech-heavy index was getting a pretty significant bump at the highs, 994 points from am -- 99 4 points, from amgen and microsoft. but right now lost it all on this friday. who knows what'll happen in the next 59 minutes. we've got to look at apple, because for the past couple of days investors have really been hammering it, and now they're starting to press the buy button on

charles: thank you, let me handed over to another brilliant woman, liz claman. liz: a wonderful man doing hard work in harlem. just talking about the uaw. we are looking at a broad tech lead retreat as we kick off the final hour of trading for the week. we are seeing volatility likes of which we haven't seen since the pre-pandemic mostly because it is friday, massive numbers, estimates have her around $3.4 trillion, stocks, stock index and atf options expire. as all this is happening now, the vic's is jumping 8.5% to still under 14. that's a pretty decent level here but a little bit of anxiety in the markets which we are looking at heavy volume and all the major indices. even though the dow jones industrials is down 231 points it does look to gain fractionally 12:45%, the s&p right now, take a look, as it loses 50 points, it's on the brink of posting a weekly loss. it is there just fractionally now. the nasdaq much clearer here, the picture is clear read. this drop of 232 points brings it to half of 1% to date. chip related stocks slamming the index. taiwan semi

that is what a live interview on "the claman countdown" can do.he three month t-bill and 10-year yield it has narrowed slightly but remains inverted for the 212th day in a row. what does that mean? typically when the yield curve inverts, shorter dated treasurys pay out more than a longer dated ones and that is a signal that recession is coming but where is it? thethe man who pioneered used is a recession indicator tool, he is ready to give us a date when the recession is coming. duke professor campbell harvey is here. where do you see it, campbell. >> we need to be careful, 212 days. i look at it on a monthly basis, not a daily basis and this inversion is not even at the average length. so the average length is more like 13 months. so what it is pointing to is a recession in 2024. i know 2023 might be a little surprising in terms of the robust gdp growth but that is purely driven by consumer spending, money saved up during covid, stimulus and that's run out. now the credit cards are being depleted consumption will not save the economy in 2024. liz

liz claman, over to you.uz in the '80s, that was the shoe of choice. thank you very much. kennedy, as always

claman countdown today at 3:00 p.m.nies have got to be moving with oil hitting $90 a barrel earlier today. lauren: brent hit $93, the highest of the year. oil prices are near the 10-month highs on expectations of tighter supply outlook for the rest of the year. translation: things aren't getting better. saudi arabia absolutely has the upper hand here. they control production, they're pulling back, and the time of crude that they export is right near $100. they want $100 oil and, well, technically they might have it. this is affects what we pay when we fill up the gas tank when delta pays when they fly their planes and they forecast that prices they're paying for jet fuel this quarter will be 20-cents more than previously forecast. stuart: any comment, adam? >> yeah, in particular -- excuse me, because i do own delta and very cheap and under $10 club because it's trade under 10 times ear earning ands trading 7 times erosion and expensive jet fuel is not a surprise for delta but the good news for delta is their planes are

that's next on "the claman countdown."erybody's in the green. the traditional studios mt. green, but look at netflix, down half a percent. we're coming right back. ♪ ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. blackrock silver is bringing new life to one of the great american mining camps in the silver state of nevada. with a new resource estimate imminent, one of the highest grade silver projects in america is about to get bigger. blackrock silver. ♪. liz: we are less than 22 hours away from friday's deadline for the uaw strike to expand. union president sean feign warned earlier this week more members will hit the picket reince if they do not see substantial progress in contract talks. the most re

now over to liz claman. liz: charles, thank you. we've got breaking news on so many levels of the spectrum here. markets, uaw strike, federal reserve, apple, china stocks. let's get to it because the markets had been bouncing back after a 3-day selloff, but now with about 59 minutes left to trade for the week, we do have some red re. dow down 64, we've got the s&p giving up all of its earlier gains, now lower by 3 points. nasdaq's clinging to a- -- a 5-point gain where it had been up 129 points. kind of losing some steam. we've seen in the final hour where things can start getting juiced up once again. let's look right now at what ises propelling the nasdaq. it's actually china stocks. they are grabbing the top spots on the composite led by netease. look at that gain, up 5.25%. the the lift comes on a report by bloomberg that beijing is considering relaxing rules that cap foreign investment in public companies. so maybe they're starting to look like they're going to be a little bit more pro-pluck publicly-traded companies and not so

we -- energy prices being with up -- liz: i'm liz claman, this is "the claman countdown," we are watching jay powell as he continues to hint heavily that there is one more rate hike, one more rate hike before the end of this year. let's go back at the momen

we -- energy prices being with up -- liz: i'm liz claman, this is "the claman countdown," we are watching jay powell as he continues to hint heavily that there is one more rate hike, one more rate hike before the end of this year. let's go back at the moment to jay powell in washington d.c. >> -- sustained. we have to take those that macroeconomic effects into account as well. those are some of my -- i'm not sure if i hit them all, but i ultimately, you know, you're coming into this with an economy that appears to have significant momentum,that's what we start with. but we do have this collection of risks that you mentioned. >> [inaudible] >> reporter: craig torres from bloomberg news. i was a little surprised, chair powell, to hear you say that a soft landing is not a primary objective. this economy seeing added supply in a weight that could create long-term inflation stability. we have people adding skills, workers want to work, we have a boom in manufacturing construction. we've had a decent spate of home building, and since inflation's coming down with strong gdp growth, we may have h

you've got to let this asset claman countdowns, that everybody wants, set it free.ng no. stuart: that's fascinating. i wish i was doing a debate otherwise i was engaged. >> same debate in washington except there was a lot more -- it was versus vicious. like dragons shooting fire at each other. stuart: that's interesting. i brought you on the show and teased you saying you've got a group of stocks thinking they're in dire trouble. i know what they are, commercial real estate. >> it's getting worse by the week and lots of private equity firms admitting there's cracks in the system and based on debt. the debt was raised for these buildings back at 3, 4, 5% and now they're dealing with 9-14% in refinancing them. that makes these building uneconomic. unfortunately what we have is many of them are on the ballot sheets regional banks up to 40% of ballot sheets. they'll come through rolling through refinancing over the next 18-30 months and we'll see more cracks on regional banks and putting pressure on the loan books of the banks hitting small business. that was another is

liz claman or or over to you., you know, you guys, you're not she can key green of thank you very much, charles. stocks rebounding, but i do have to temper this here. the major averages are off their session highs. 96 points for the dow jone

you have to be in charge of your own future, and that's what we're here for, right, liz claman?rnment, not anybody else. charles: you're right. liz: you. with our help. [laughter] with charles and myself. okay. we're here for you guys. by the way, we do need to get you this breaking news, we are under 9 hours new before the midnight deadline, and hope is running out as

liz claman, over to you. liz: thank you very much charles, happy monday, c

liz claman, you got a lot on your hands because this last hour of trading has been hectic.f seeing this turn around due to headlines out of washington d.c. investor s, you guys, they woke up on the risk-on side of the bed, they quickly rolled over to the risk-off side, and now it appears her fighting to get back into the green. the turn around coming after senate leade

liz claman, over to you.erent opinions, ask two economists. charles: not going to say my joke about asking economists and screwing in a lightbulb but i know you'd get it.

charles: they're seizing the moment just like liz claman does every day at 3:00, right, liz? liz: i don't know, you were having a great conversation there. but while you were talking, the dow, charles, fumbled all 121 points of gains and is now down another 76 here. making new session lows in just the past few minutes. the s&p 500 briefly dipped into the negative, right now it's up just by 3 points. and, of course, the nasdaq up 38 on your screen. the tech the sector, specifically the names driving the burgeoning growth of artificial intelligence, in very sharp focus at this hour from wall street to capitol hill. in fact, let's take you to d.c., if we can. we're going to show you a live picture of the room where it's the happening. the kennedy caucus room in the russell senate office building. tech i titanses are back behind closed doors with a bipartisan group of senators grappling with how to ring fence the dangers of the emerging technology without choking off innovation. right before the lunch break, look at this, fox business' hillary vaughn caught up with tesla's ceo el

charles: they're seizing the moment just like liz claman does every day at 3:00, right, liz?ile you were talking, the dow, charles, fumbled all 121 points of gains and is now down another 76 here. making new session lows in just

cheryl casone is in for liz claman. >> pain at the pump, oil up 25% year to date, that is one of the look at the numbers right now. because you have the dell as you can see in negative territory. it's probably been a tough

now over to liz claman. liz: charles, thank you.deral reserve, apple, china stocks. let's get to it because the markets had been bouncing back after a 3-day selloff, but now with about 59 minutes left to trade for the week, we do have some red

now i hand it over the my good friend liz claman. liz: can you believe it, charles?mber effect is, well, kind of in effect. sort of a mixed pictur

[closing bell rings] that will do it for the claman county down. here we go with a gain for the russell, s&p and transports. larry is next for "kudlow". david: welcome to "kudlow." i'm david asman in for larry kudlow. today marks the 23rd anniversary of 9/11 where 33,000 people lives. our heart goes out to all the victims families and first-responders who lost their lives today. vice president kamala harris was at ground zero in new york city but where was president biden? right now he is about four thousand miles away in anchorage, alaska, making him the first u.s. president in 22 years neither to spend the day at an attack site or the white house. the decision sparked a tremendous backlash. president is expected to make remarks about 9/11 later this hour in anchorage. jacqui heinrich is live at the white house with more. hi, jacqui. david, this marks the first year an american president was not on u.s. soil as the names of victims were read aloud at the 9/11 site, the memorial site at new york city. air force one was still in route back from viet

liz claman, over to you.n the cave for much of the session, were not hibernating. as we kick off the final hour of trade the, look and sigh how close the major indices are to maybe losing most of their gains, and the

regret it and won't regret the next hour on fox business and we have a have special guest for liz clamanope you have a lovely holiday weekend. folks, i'm

liz claman's balk to walk us through it. liz: yes, i am. charles, did you see amazon?ike pennies away from session lows, right now down 4%. it s

i'm -- >> claman close -- >> i see you to my right now. >> after you become president, trey gowdy, the attorney general, to clean up of the swamp. >> after i become president, the first thing i will do is fire merrick garland. then i'm going to fire christopher wray. and randy weingartner at the department of education. let me just say let me just say trey gowdy is a wonderful friend of mine and would be a wonderful ag. i asked him about coming back to politics or government service, he says he cannot afford the alimony. >> right over here. >> i have a daughter who is a pilot in the navy. >> god bless her. >> thank you. last night i saw senator tupper bill, i know he's holding up the nomination for promotion, because of the travel policy. my question, i was more concerned about his comments about the work that his invaded the military and preparedness to go up against china. what would you change to make sure we could defend our country? >> thank you for your question. before i answer your question, will all the veterans, or anyone who is in active duty please raise your hand? [applaus