. >> lightning round is sponsored by charles schwab. it is time for the lightning. i don't know the core of my staffers. play the sound and then the lightning round is over. are you ready, ski daddy? comes the lightning round. tony in florida. tony. >> hey, jim. >> i just want to thank you. >> and jeff. >> i'm a. loyal club member. >> since day one, and you. >> make everything. >> funny and interesting for us that don't know a lot. about stocks. >> all right. we're trying to get everybody to be better educated. i thank you for saying that. want some more people joining the club? how can i help? >> yeah, i have a. stock here. >> that basically i pay. >> to them. >> every month. and they're the top in renewable energy. and everything. >> and they're a. >> utility and give you a. 3% dividend. >> i would like to stick with. >> them since i. >> give them. >> my money every month. >> what do you think. >> about terra. >> energy, annie? >> i like them, i think it's good. i think it's a great utility. i wish i had a little bit better yield, but

. >> today was the club's 17th annual youth of the year celebration, hosted by charles schwab.omorrow in san francisco, thrive city is going to see a grand opening with the opening of a new splash sports bar and restaurant. a little sneak peek tonight at the brand new spot coming to the city. it's 30,000ft!s across two floors. thrive city says splash will offer the ultimate game watching experience. they've got three bars, 75 tvs, several outdoor seating areas between february the 12th and the nba all star 2025. the location will host both private and public events. it opens for normal business on february the 18th, and that'll do it for us tonight. want to thank you for watching. we'll see you again on friday night at 730. make sure to download the fox local app to your smart tv and have tough loss, coach. any words? they just played a munch better game. did you say munch? sounds like someone's craving my new crispy boneless wings... jack, what'd you think of today's loss? embarrassing... try my new crispy boneless wings and so munch more! welcome to jack in the b! [chatter] i

let's bring in now of jp morgan asset management and kevin gordon of charles schwab. it's good to have you both with us. let's just play off first the tech conversation that we've been having because tech certainly, you know, dropped way back in the categories of the sectors that were doing well. now it's had a bit of a resurgence this week. why so. >> well clearly it's not a time to drop. >> tech. >> or the mag seven. >> i think. >> what we've seen from. >> earnings overall. >> is. >> that there's. some really. >> positive long term. >> prospects here. >> and just because you have a little bit of competition. >> from other. >> companies, other markets and those competitive. >> moats are. >> dwindling somewhat. >> doesn't mean. >> these companies cannot be fundamentally huge delivers. >> for shareholders. >> but i do also think we. >> are all. >> breathing a bit of a sigh. >> of relief here. >> after the. >> last two years where. >> the mag seven were 63%. >> and 55%. >> of s&p. >> 500 returns. >> that this. >> year, when they're. only contributing 3%, the. >> rest of

with that let's bring in jeff kleintop, chief global investment strategist at charles schwab. jeff, good morning. good to see you. >> good to me. >> i mean, jeff, what a day for a strategist. so let me ask you, as you're talking to investors, what's the strategy here? how do you play the markets with the president instituting tariffs and then reaching a deal to. >> pause them. >> and now china retaliating the potential for even more tariffs in europe. i mean, how do you navigate this environment. >> it's a lot of volatility. >> but i think the market without. >> the tariffs. >> really aren't. >> about economic policy. they're for other issues. >> and that. >> means they have a lot more bark than bite. and if so stocks can stabilize. obviously since entering office trump has announced tariffs on china and then took them off before they began. now the same thing with mexico and canada. what we'll see here i think is the. >> tariffs come quickly. >> and big tariffs in. >> administration. >> but then pulled back. >> just as quickly. >> i think there. >> are places that investors c

liz ann sonders of charles schwab. a fastening time to be in the market. doing well. you mentioned this over the past 30 days is see met a closer 20%, tesla down by 16%. there's a lot to get your hands around the moment. lisa: this is a storytelling market everybody is telling a different story and each company has a different reason for it to do well or not. and you are seeing that dispersion increasing. who was it that said investment is a trade that went wrong. i kept thinking about that. jonathan: he is like a hedge fund legend. lisa: if it is a trading market it will be a need for a long-term. >> i will say this i have heard some great tactical calls print the likes of blackrock getting long europe and taking the overweight off u.s. equities to close out 24 into 25 that's already a call to the far. >> it is going to be inflationary with tariffs, it's going to be deflationary with tariffs and you see it shifting in real time. you can understand the shelflife and if you don't know how to read trump maybe you can win big. >> equities on the s&p up by 0.5

i don't know, what have you and if your team at charles schwab noticed in does the market look speculative to you guys? do you use the term froth in your meetings now? >> i think there have been projects -- pockets of froth in the markets, not just traditional equity marks, but in the art and crypto markets. yeah, signs of froth, but not the kind of broad, speculative the froth that would be characterized as late 990s. and i'm glad you brought up the investors' most pessimistic in a while, that's the aaii. you have seen a big jump in the percent that call themselves bears. but importantly, that's an at nudal -- attitudal measure of sentiment. if you rook at things like fund flow, if you look at the put-call ratio, if you look at the b of airks a fund manager if survey showing funds have the lowest amount of cash that they've had in 10 years and a a aii itself does a measure of their members' equitial allocation. and in the time, the percentage of bears has doubled you have only, you've actually gone up by a percentage point in terms of -- [audio difficulty] exposure. so this is a little --

. >> good news for them td bank is exiting their entire charles schwab worth $15 billion they are johnategic review following the landmark fine for violating laundering rules. >> gold hit a new high what's happening with the stock it. >> about three and half% gold is seen as a safe haven as we are staring down the brink of a global trade war, will there be more tariffs in gold is considered a safe investment metal at an all-time high, all worries of inflation are still with us. thank you very much. president trump will announce new tariffs on steel and aluminum as lauren mentioned, china announcing new tariffs of their own. edward lawrence is at the white house with more, what is china taxing now. >> china is coming out with response to what the u.s. is doing the 10% tariff on us that's their response, president trump uses tariffs as a tool going forward the president expected to announce reciprocal tariffs on all countries not just china with a 10% across-the-board all countries in addition to the aluminum and steel tariffs are 25% one reason look at auto imports and exports the europ

and last up, charles schwab. t.d.ust updating the company to a buy with $10 is 3 price target. that's up from 88. right now it's 81. the firm believes that schwab is entering a, quote, more harmonious phase. is the seasons isn't that lovely? under new -- isn't that lovely? if the stock up a harmonious 1.25%. stu. stuart: nicely put. >>> coming up, white house deputy chief of staff stephen miller revealing the extent of massive fraud uncovered by doge. watch this. >> for example, foreign fraud rings, these are foreign nationals who come into the united states that use fake social security numbers, they use fake identities to steal billions in taxpayer benefits. stuart: okay. we'll bring you the grand total doge has saved taxpayers so far. >>> president trump laying out plans for global reciprocal tariffs. watch. >> i have decided for purposes of fairness that i will charge a resip are to call tariff, meaning whatever countries charge the united states of america, we will charge them. stuart: okay. we will ask kansas se

i want to bring in charles schwab and company chief investment strategist is liz an sonders.sts and market strategists will find component in the report and kind of dismissit or ignore if it. i know you've gone through this. is there something or some things that stand out that we should be alarmed by? >> yeah, there are, and unfortunately they're not the good things. not only did all a four sort of components of cp -- cpi, core and headline, month over month and year-over-year were all ahead of expectations. you did see continued pick-up many those sort of -- in those sort of necessities components, you know, food, energy, shelter, medical costs. but if you look at core goods excluding those, that's where you saw an acceleration. you can take the component parts, and more than half of the components of cpi have a sarper rate -- sharper rate of growth up in the 3-month average versus the longer term average. so that's a way the judge whether you've got an accelerating rate of inflation. so it was not great. other than the big surge that we were seeing many in things like rent

let's move on from the food world to financials, where charles schwab is falling 2.5% today after tdo sell its 10% stake in the company. any opinion on this one? >> yeah. >> you don't want to wake up as a public shareholder or company and find out that your largest stakeholder is selling shares. i mean, that's really some overhang on the stock. now, schwab is going to buy back about 1.5 billion of those of what they want to sell. td bank that is. but you know that's going to put some overhang on the stock. and one of my concerns. and as a team again looking for great companies with great growth rates i like schwab's growth rate. but at 19 times earnings with this overhang of one of the largest shareholders selling i think it's going to put some, some, some brakes on the stock's ability to go go higher. i think this is a stock that yes maybe buy it cheaper. but here would be a seller. >> all right. all right. and then sells. yeah. we okay. two two for two. joker's wild. here we go. we asked you to pick a stock. we didn't. we didn't have a story. we said pick a stock that you want to t

. >> lightning round is sponsored by charles schwab.>> it is. >> time to start of the round. buy buy buy sell. everybody is playing in this one. and then the lightning round is over. are you ready, ski daddy? time for the lightning round. we're going to start with ben in florida. ben. >> mr. cramer. >> you got your spikes packed in case. >> kellen moore calls. >> you in. >> yes, absolutely. >> absolutely. >> thank you. and by. >> the way. >> happy happy early birthday buddy. >> oh thank you, thank you. >> yeah. thank you. thank you. what's up? >> i just try to invest. i don't. >> trade, really? >> i'm betting on my kids inheritance. and so i'm coming to my sensei for some advice. >> i have a moderate position in. >> stocks that. >> recently beat earnings, revenues. >> etfs in line. looking good in 25. about 1,150%. >> versus prior. >> year, stuff like that. >> unfortunately. >> it's in. >> a. dicey spot. >> in the evolving dc policies. >> okay. >> but i think that karp needs a wingman. so i'm flying with ba. what do you think? >> i thin

. >> lightning round is sponsored by charles schwab. trade brilliantly. >> it is time. >> for the white room. you know, bye bye bye. so i've just been to clear by stamford bridge to play this out. and then the lightning round is over. are you ready? ski daddy? come to the light rail chris roberts, start with. hey, why don't we start with ian in florida? ian. >> hey. >> booyah! jim, how are you doing? >> i am doing well ian how are you doing? i'm doing. great jim. >> thank you. i'm a. >> third time caller. investing club member of course. >> very happy. thank you. >> oh man. that's great. >> thank you. >> all right. you guys do a. >> great job. >> thank you. jeff jeff mark z fema. we got a good piece of google coming up right in a moment. >> what's happening? >> so jim i got a little. >> i got what i'm looking at. i'm a little confused about. it's beaten down from its all time highs of i think 509. so it's trading around 270 right now. good earnings. most analysts have it like around 303 50. but their cfo is leaving now too which kind of

. ♪♪ sponsored by charles schwab. trade brilliantly. >> it is time. >> for the lightning. said.ell. my staff person planned this out. and then the lightning round is over. are you ready, ski daddy? come with the lightning round. we're going to start with james in connecticut. james. >> hi, jim. >> thanks for taking. >> my call. i'm a club member, and i was a club member of your other club. my question is about emerson electric. okay. >> emerson. emerson. i got out too soon. i was worried that they did a hostile takeover. i don't like hostile takeovers. it was a mistake by me. i should have felt. you know something? these guys are going to pull it off. my bad. lost. i missed out on 20 points. very bad. let's go to ryan in ohio. ryan. >> hey, jimbo. >> good luck to your eagles this weekend, brother. >> oh thank you buddy i appreciate that. >> what's up? >> i found a stock that i usually watch the either the financials or you know, the indicators. and i found one that's just getting ready to cross the 50 and 200 day. what are your thoughts on five9. >> customer relationship managem

charles schwab, chief investment strategist listen, you had some great data this morning just lookingt of where we are right now relative to say the. >> last 20 years. >> yeah. you know. >> if you look at the us. >> trade policy uncertainty index it's actually. >> spiked up. >> it's not quite. >> to levels. >> we got. >> during the 2018 trade war, but it's gone parabolic. >> you know carl, i also wanted to pull on a couple. >> of. >> threads that. >> that you. >> as a team. >> there were just talking about what's, what's interesting to me throughout these past several days is and i understand the. >> focus on. >> importers, i mean. >> they're the actual. folks who pay. the tariffs. it's us importers to pay the tariffs. but there's been less focus. >> on. >> us exporters. and the exports out of our economy is 2.5% of gdp. and especially. >> with retaliations as. >> announced by china today, i think that has to become. >> part of the conversation. and then. >> to your other. point about. >> growth in the. >> economy, the desire or at least one of the stated desires of tariffs. >> is to

coming up, kevin gordon with charles schwab.kristina campmany on the challenge to u.s. exceptionalism. u.s. stocks inching higher. kevin gordon says, one of the hallmarks of the u.s. stock market run last year was minimal starting at the index level and that is unlikely to continue this year. kevin joins us this is a conversation we have had appear beneath the surface, started to see real dispersion taking place. you wrote last week about some of that dispersion in tech and now the moves in meta and now you say the moves in tesla. what makes sense as to why? kevin: within some of the themes for a group like the magnificent seven looking at on a sector basis, their consumer discretionary, consumer, tech. one of the things we have been pounding the table on in the last few years is not looking at that as a monolith. a lot of that is starting to show and you can date it back to last summer when there were more concerns when it got to earnings season in the late summer period . but from a tree work and the geopolitical perspective,

coming up, charles schwab as markets grapple with trade whiplash.omic impact of trade uncertainty. we begin with stocks lower and the eyes of the world on donald trump's next move. joining us from washington is annmarie hordern. annmarie: when it comes to the next move you have to look directly to european union. he dealt with canada and mexico. those tariffs were walked back with a 30 days pause. we see both countries adding more to a robust border security and also canada saying they will have a fentanyl czar and the trump administration is branding that this was for the american people and really him roaming up to what he promised on the campaign trail and doing more when it comes to immigration. "the wall street journal" says that he does not make a mistake but often changes his mind. when it comes to china potentially this is an opening salvo. the tariffs went into place and we saw a rebuttal. they were not massive but calibrated. xi jinping wants to make sure that this will not backfire on his own economy. when it comes to china there is a pot

you heard if there from kevin gordon of charles schwab. the fog right now is so dense.d official. did not want to be pinned down about anything about the future. as for the bias to ease, what bias? a lot of people are in deposition right now. lisa: as i was thinking with all of those comments, how many ways can you say, i have no clue? that is what everybody is saying again and again, because we have no clue. we have no clue what the tariff regime is going to be and we have no clue where the economy is going to break. at the moment things look strong. consumer confidence is strong. how long does it take for that starts to shift? jonathan: you can have a plan, and then that plan can get overtaken by events. apple softer this morning, reporting that china's antitrust watchdog is laying the groundwork for a potential probe into the company's policies and the fees it charges that developers -- charges that developers. lisa: apple is a target because it is an american company and happens to be a competitor with some of the national champions in china that provide phones. the

jonathan: talking about kevin gordon of charles schwab.as been held back, really underperforming. remarkable what we are seeing. lisa: these are different stories. tesla has the ability to talk about how self-driving is the way to go. they have one hiccup. china is a major competitor and they are leaning in hard. how do you become friends with a country that was to kick your legs out from under you financially when it comes to the pricing but also when they want to dominate the industry? jonathan: it's a diplomatic dance. that's for sure. equities. bonds look like this. $42 billion of 10-year notes coming up a little later. big debate about how that cash is used. 10-year at the moment, 453.94 . lisa: yesterday's auction was fine. no drama. 10-year will be interesting at a time when you said it well. the bias is maybe inflation is creeping higher. concerns are more prevalent and a fed chair saying we are not doing anything. we are in wait and see mode. that raises the question about what fair value is for longer-term yields. jonathan: 10-ye

i was where they're doing an offering to sell their entire stake in charles schwab, raising $14 billionkind of disposing that remaining 10% economic ownership that they had, that they acquired back in 2020 as part of a deal there to combine their brokerage units. and now, given the kind of challenges that td faces, trying to replenish that whole the multi-billion dollars worth of fines it faced related to its money laundering issues at some of its u.s. branches, they're kind of using some sell downs of schwab to pay for that, essentially. but that's a big mover today. the i believe schwab was down about 2%. >> what did you make of the weekend? elliott bp is interesting late last week. ackman uber. yeah i thought it was interesting as well. if you let's see what uber is doing this morning. is it higher again because it was up quite substantially on ackman's post on social media that he had taken a new position. there's the headline over the weekend, elliott building a stake in struggling bp. we'll follow that. uber is up again. wow. uber's up another 4% this morning. it was about 8% on t

. >> charles schwab is expanding 24. >> hour. >> trading to all. >> retail customers. >> they'll be ablege of security. >> 24 hours a. >> day, five days a week. >> those include. stocks that are. >> listed in the s&p. 500 and the. >> nasdaq, as well as. >> hundreds of etfs. >> schwab okay, we're watching shares of super micro computer. the company's ceo saying that he's confident that it's going to file its delayed annual report by the sec deadline of february 25th. a lot of people have been focused on this because the company gave some optimistic commentary for its fiscal 2026, but for the near term, companies slashing its guidance for the 2025 revenue and also warning that net sales for the prior quarter are likely to come in below estimates. take a look at shares, because they have been on quite a roller coaster ride since hindenburg. research revealed that they had a short position. companies delaying releasing its annual report in august because of all of these issues. and right now you're looking at it up pretty big time, 10% right now. >> schwab spends a lot of money on advertisin