charlie gasparino is rushing down to the set to break that story next. closing bell, we're 14 minutes away and dow is struggling here down one full percent below 30,000 and down 313 point asks we're coming right back. don't move. ♪ . .r . . vers quality candidates matching your job description. visit indeed.com/hire before & bath fitter. now's the time to call bath fitter to get a beautiful "after." with our unique tub over tub process, there's no mess or stress. bath fitter. it just fits. visit bathfitter.com to book your free consultation. ♪ ♪ . . municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of

what we're going to do is charlie gasparino is getting in front of the cameras and has a whole bunch of breaking news on this and we'll take him in a few minutes and let him work the story and keep our eye on twitter and put it at certain points to the lower bug and a ripper of the rally of yesterday's 765 point gain. look at dow jones industrials up 675, not even the high of the session. the high of the session a gain of 817. s&p adding to yesterday's 92 points and the jump right now for s&p up 93 and the nasdaq is gaining another 304 points aftey was a big one of 239 points. the major averages getting a jolt from the jolts, the index that shows monthly job openings and labor turnover actually august job openings fell more than expected to lowest level since june of 2021. but they still came in a lefty 10.05 -- hefty 10.05 million. that's the bigger number you should be foe cushion on and slightly -- focusing on and investors are interpreting it like that. nasdaq up 309 or a game of 2.8% should investors be turning to tech? joining me now is revere security scott fullman and gain of

charlie gasparino is working on the story and will get down in front of the cameras for the news he's breaking coming up. but the very names that fell anywhere during the month of september from 20 to 30%: fedex, nike, charter, adobe, throw advanced micro-devices, carnival, carmax, boeing, cesars, they're all higher today but they have a long way to go before they recover their 2022 losses. still, they're at a discount; right, 20 to 30% down in the month of september alone. should you wait it out for a lower low or is it time to weigh in. to our floor show and joining me on our brand new set, trader scott reddler and sarge gilford. great to have you here. >> the stewed joe looks fantastic. studio looks fantastic. looks wonderful. >> i like your green dress on the green day. >> should have wore on friday and we'd all know to come in long with the oversold bounce fueled by economic numbers. liz: look at inter-day pictures here, guys, and this is a pretty major move, especially considering that if we gain more than 936 points on the dow, we'll be in top ten point gains for the dow of all

charlie gasparino. folks, he have got about 3 1/2 minutes to trade.ose the session in bear market territory. as you can see, we are now down 20 1/2% since the most recent high. if we are to close here, that is it, we're in a new bear market for the nasdaq. is this a bottom? do you start scooping things up or is it too soon for tech? joining me eric friedman, chief investment officer of u.s. bank management group, 400 billion under management. you get to say it, eric, too soon for tech or let's dive? >> great to see you, liz. we think it is too soon for tech right now. i hate to say it already been hit so hard but the bottom line we still think when you compete with higher interest rates, technology just doesn't look attractive. so we would look at opportunities in places like utilities, infrastructure and energy, kind of the boring stuff, liz, that produces some cash flow. we think it's a better place to be than technology right now. so we think it's a little bit too soon to get overly involved in tech. liz: energy, obviously, most of the complex is d

liz: thank you, charlie gasparino. we're down at the moment by 51 points. low of the session was a loss of 105 points for the nasdaq but the highs with up 156. for the year-to-date picture down 32%. it has fallen into bear market. it happened earlier this month. for every 10 people who say don't touch tech, you have one scott lauder in, horizon chief investment officer, 1.4 billion in assets unmanagement. you say time to go tech. why? >> i think, liz, first of all thanks for having me on. there is a part of tech that makes a lot of sense here and the part of tech more the services side. think your googles, microsofts, those type of names. those names are really battered hard with the large interest rate rises this year. large interest rate rises mean multiples have to go down. with the high multiples, they are rerate ad lot. that part is done. we're getting into the cycle where earnings matter and those companies are earnings monsters. those are the names in tech we want to be exposed to. we don't want the cyclical sid

get to charlie gasparino. >> a lot of it, particularly on the turnover part and workload part. we put human russ calls into the sec. this is obviously the inspector general's opinion. i wanted to hear their opinion. they have not given me their opinion. let me lay some of this stuff out. the sec seen significant increase in attrition over the last few years. we're talking pre-clayton sec, jay clayton who ran it before gary gensler appointed by biden, clayton ap.ed by trump. increase in attrition last few years from 3.% in fiscal year 2020, that is clayton, to estimated 6.4% in fiscal year 2022. the highest attrition rate in 10 years. the most concerning is the increase at operation of senior officer and attorney positions, expected to be about 20.8% and 8.4% in 2022 respectively. those are big numbers. now, again every sec has turnover but this is going further. what are some of the reasons listed in the report? i can tell you that they are talking about number one, saying people are getting offers from the ou

we take you to one of those small businesses, and charlie gasparino who is in midtown. tter stave me some truffle 8er tots. >> charlie: they have a great story how you reopened your business successfully. and how you are dealing with the current problems, including inflation. it's been a near and a half since you totally reopened. what's your biggest problem. >> the biggest problem in new york city is the lack of people who have gone back to work. it's better than it was, but office occupancy is below where it was historically. which means the foot traffic is way down. so that hasn't fully recovered as well. >> we'll get more inflation numbers. we get the cpi next week. we had a better jobs report which shows the economy is still robust. what has inflation done for you? >> it's a struggle, a daily struggle on pricing, food costs, and managing that. we had to arust menu items as a result. charlie: how many times have you raised prices? >> in a year and a half three times. charlie: you have taken stuff off the menu even the aforementioned ice cream liz talked about. >> the

charlie gasparino is about to break that next.ng bell, call it 13 minutes away and s&p clinging to a few gains and russell up 119. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hdrs a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. liz: breaking news. president joe biden speaking right now in vail, colorado, to establish camp hail. the continental divide national monument that honors our nation veterans, indigenous people and their legacies. the president focuses on conservation, thinks threatening comments to salman bin abdulaziz al saud regarding oil production cuts that saudis, opec just made has wall street on the edge of their st

to charlie gasparino.nto a rocket and launch them into space, he is still on earth for the time being for now. i am thinking of the guy behind this space mission, elon musk, he is going to be spread thin, this twitter deal back on, what is the latest? >> i'm not leaving for space, until winning the bet that he wouldn't eventually by twitter, what is fascinating about the story is just how it unfolded was interesting but at the end of what was going on. this is what i have been told. he met with anchors. i have firsthand knowledge of those recent conversations and until recently, telling bankers he still wanted to buy twitter. this whole thing, backing out, the court fight was all about her renegotiation so now he's going to buy twitter except not to renegotiate. i thought he was in strong position, i predicted they would jump at it and it was a mid round and bankers were pitching ways to finagle the numbers from what i understand. what happened to? why did he cave? he thought the court case was going horri

charlie gasparino back in the chair on what the saudis are telling executives at the event about biden'senergy fumble. charlie breaks it next. closing bell, 14 minutes away and check on the dow, look at this, up 81 points. we are going to tell you how many times the dow crossed the flat line today alone. it's been very herky jerky. stay tuned, we're coming right back. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... save hundreds a year on your wireless bill over t-mobile, verizon and at&t. just take the xfinity mobile savings challenge today to see how much you can save. ♪. >> saudi arabia and the united states have been allies for 75 years. i can't imagine any allies agreeing on everything and not having problems. they will work it through and i'm comfortable with the folks on both

charlie gasparino up next on potential suiters for this unit. closing bell 14.5 minutes away. you're watching the "claman countdown" and the dow is now up 315 points. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. liz: embattled bank credit sweiss with a broad restructuring effort and potentially a major problem here. charlie gasparino. >> liz, this thing is kind of hard and we'll know more about the restructuring when the company announces it at the end of the month, october 22 i think it's supposed to come out and selling asset management and there's some headlines. by the way, that's an expensive piece of change, that

could be happening now in the financial community and charlie gasparino has the latest.th media mergers. there have been a slew of them, lots of consolidation, merging, purchases but that is likely to slow down and here is how you know it, the firm that is in the middle of those deals, discovery time warner is known as lion tree run by an investment banker, sources telling the fox business network lion tree in the middle of cutting 10% of staff and that is a big cut. i hear it's not going to get to 10% but it will be just below that number. investment banking professionals, the place essentially employs 120 people, not talking something like jpmorgan but it is an important player in this space and 10% cut is significant. what is the overall meaning? media itself, disney, us, every media company as we head into a recession with higher interest rates. we are in cost-cutting mode and they are not in acquisition mode. that is what they are planning for. a significant slowdown in media deals as the media readjusts to the environment, streaming where it is not always profitabl

charles: charlie gasparino? >> not as often as i would like.celebrity, telling when he is here so i don't show up, anthony scaramucci? >> you would love him. >> i want to know when he comes because i don't want to be here. >> i'm not listening, i know you are not telling me the truth. i want to know when neil cavuto is here because i'm a huge fan. charles: question, when are you coming? neil: not soon enough. that was excellent. i had no idea they came back from lunch. it was a pretty real issue you've got to do stuff like that. i want to thank you, that was terrific. this is a startling developed for a gianna caldwell, the crime issue some dismissed even in the city saying this doesn't prove how bad it is an the numbers speak for themselves, we will get into that in a second but a huge reaction to what gianna encountered in the nation's capital to get to the bottom of it and try to get some answers from both sides, stay with us. >> is mayor lori lightfoot doing a good job? >> i think she's doing a good job. >> any reaction to the crime crisis

to charlie gasparino on the financial implications. to a lot of wall street types to a man and woman, they have been urging the administration to boost production here so we don't have to depend on opec and nefarious types over there. it's falling on deaf ears. >> and lay off the harsh rhetoric. take it from the source, i should say. all of these wall street firms have lots of dealings in saudi arabia, the middle east. they have a lot riding on this. the royal family run as mayor company like a hedge fund. saudi aramco. it throws out a lot of fees. a lot of stuff goes on between wall street and the banks in the u.s. and the saudi royal family. that said, they know how to deal with these guys. their message is this, neil. you can't have both a foreign policy and a domestic oil policy that attacks a major producer was that an ally of ours over the right thing, which was the khaishoggi murder, i get it. mbs is probably likely the responsible party for that. but if you're going to go green and reduce oil output here, do everything you can

charlie gasparino is hearing of jamie's new ajita? what is it? >> over esg.ents he made by environmental government edicts, whether they are carried too far. he gave a fireside chat, essentially the u.s. is disarming itself on its economic policy by allowing esg to dictate a rollback of drilling for oil. he says, he was saying this is a real problem for the world. problem for the economy. so i went back and said, asked some people around him who know him, who have to deal with him on a daily basis, what is real belief on esg? jpmorgan was a big believer in esg. here is how they put it. the context is interesting. they remind me jamie always has been a democrat. he considers himself a liberal but here is where it gets interesting. he is growing increasingly concerned that radical progressives are dictating corporate policies essentially through the es g-man dates. that it is hurting the nation's economic policy. that causing them to pull back. and what he is really, what is really interesting, liz, is this, as you know, a lot of esg stuff votes on corporate go

elon musk agreeing to buy twitter is he coming back toakin change political landscape, charlie gasparinoe roof, right nearby. so we can bring more life to your smile... and more smile to your life... affordably. new patients without insurance can get a free complete exam and x-rays, and 20 percent off treatment plans. schedule your appointment today. hi, i'm william shatner, and i've been all over your tv screen for seven decades. almost as long as paralyzed veterans of america that have been helping incredible heroes like this guy. i joined the navy to serve my country as a navy seal. i wanted to protect the people i love and the country i love. being a seal gave me so many things, but i gave something too. while parachuting with my platoon, my parachute didn't open and i broke my neck. it left me paralyzed. i realized that everything i had planned for was now gone. paralyzed veterans of america was by my side from that moment on. i'm supporting pva because this is a cause that gets me right here. to see these strong, fierce heroes needing help. after all they've done for me and you. yo

. >> neil: to charlie gasparino following this.is going to happen? >> i don't know. some days -- >> neil: thank you. that was charlie gasparino. >> here's the thing. net-net, it's likely to happen. the reason why i say that is because i think quite frankly, this judge does not -- he does not like elon musk's antics. she made it clear. he signed an agreement, he basically knew about the bot problem. that wasn't a new thing. so she's going to make sure that he is held accountable. i think if you pause it that he knew about the bot problem, which he said was a new thing, that's why he wanted to end the agreement. if you pause at that, you sign an agreement and you waive due diligence, think about what would -- why would you need a delaware court that is supposed to be good at this stuff, you wouldn't need them if it's that clear-cut that he basically went into it with his eyes open. so i think net-net yeah, he will go through it. the question is, does he get them to negotiate down a lesser amount because they don't want to go to trial

charlie gasparino on the impact of all of this. we're just trying to find out now what the administration response will be. apparently, it asked to hold this off, the saudis opted not to. now there's talk about our upping the ante by maybe denying weapons sales to them in the future. what do you have? >> all of the above, and i can tell you the major financial players in america are just shaking their head that this is maybe one of the worst foreign policy mistakes, you know, in an administration that has some really big ones. this one is up there. and here's why, neil. if you're going to unilaterally disarm and and embrace green number, you're going to have to get your energy from somewhere, your gas from somewhere, oil. and, you know, saudi arabia is one of the places. it's a place that is controversial, no doubt. and if you're going to take a strict line on human rights, i mean, you know, extremely -- you know, i'm not downplaying the khashoggi murder here, and i don't think anybody on wall street is, but if you're going to const

indeed, the owner of twitter who overpaid -- even he has said he probably paid too much -- charlie gasparino's on wall street about what elon has up his sleeve for the now privately-held social media company. charlie breaks it next. closing bell, 15 minutes away. dow is up 826. big week for the dow, as we said, on track for the sixth straight up session. nice move here, we're very comfortably above 32,000 at 32,858. ♪ ♪ if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. (lighthearted music) - "best thing i've ever done." that's what freddie told me. - a person like me needed to get a reverse mortgage to change my life. it was the best thing i've ev

fox business charlie gasparino joins me now. ing story i covered all weekend. i just want to make it clear that one of the reasons why the market is up today is because of this , that the notion that credit suisse is not a lehman brothers. this is not a lehman moment, is giving it, you know, the markets some happiness, obviously. so that's the general consensus. listen i don't want to be proven wrong in two months from now when they go out of business. i'm just telling you the general consensus between top money managers who hold the stock, and have been meeting with the ceo k erner for the last three or four days, and big wall street firms who are counterparties to credit suisse actually have to lend them money are saying this. this is not a lehman moment. this is a company that has some issues with their investment bank, which is a mess people are leaving, remember the blowup occurred at credit suisse, you know, they took it on the chin and a lot more, trading mishaps all the time. they have gone through five ceo 's in the last

liz: i must have missed that. >> carr concern charlie gasparino beats the apes.it's always negative. that'll get blowback, negative blowback. liz: give me credit, don't give me credit. >> i want to fly under the radar screen. liz: all right. we've got apple picking to do here. wall street is going apple picking after the bell. will we see record revenue, which is what is expected if the maker of the iphone? and is cupertino really slowing production of its newest iphone because there have been these reports. guess what, we hope to clear the air right now. one of the nation's top apple analysts is here to answer those questions and more. he's here in a fox business exclusive, named by "fortune" as the top apple analyst. closing bell, 25 minutes away. look at the dow, now up 300 points -- >> 299.12. liz: 298, 299. first boston. ♪ ♪ ♪ ♪ mercedes-benz is turning electric... completely on its head. bringing legendary design... and state-of-the-art technology... to a fully-electric suv. the all-new, all-electric eqb from mercedes-benz. the day you get your clearchoice

joining us to break it all down charlie gasparino. he brought along ceo. abg advisory.ome, jackson. >> i want to ask you, liz wants to ask you a couple questions. you deal with sovereign wealth funds. the latest headline involves trump that he will be s&ped. what do they think of him in the saudi royal family, the sovereign wealth fund over there compared to what is it going on in the biden administration now? >> absolutely. thank you so much for having me on. appreciate it. charlie always good to see you. you look at the fact that the u.s. has a eight decade friendship with saudi arabia, eight decade record of collaboration and when president trump took office, to exemplify that relationship first foreign visit was to saudi arabia. he made it a point to visit the saudi arabia and the kingdom. he is well received in the kingdom. look at the actions in office, whether the "abraham accords" or pulling out iranian deal. >> they're an enemy. >> they're an enemy of saudi. contrast that with president biden who has taken a very aggressive approach to the kingdom from day one,

they think this is a winnable seat, the economy is a big issue and doesn't charlie gasparino know it.ou have? charles: a lot of stuff on wall street. wall street has a big week next week, i am sure they will hike rates. the election comes down to the wire. as wall street beefs up on those issues they are reaching out to economists and gop strategists, what to expect on election day. let's start with the day. black rock, the biggest asset management in the world, $8 trillion under management telling its clients, pivoting language at the fed meeting. they expect 75 basis point rate hike and the fed funds rate, 2 more rate hikes after that but they expect some pivot language. those words are reflected in the dow today as stocks have risen. wall street likes lower rates, not higher rates, the cause of recession. that is what black rock does. i'm not predicting it. black rock is telling me to expect 75 basis point rate increase followed by 50 and another small one at 25 early next year. what black rock is saying is not up. the election interesting stuff. wall street firms reaching out to v

here comes charlie gasparino. charles: i have such a british accent.re british, kudos to you. you are all over this and what happened? neil: charles: i got the story last night she was likely to step down and today, what makes this a great story for me is this was wall street hit job, no doubt about it. i get it from the same guys that put her out. this was essentially a bond market hit job but when she came out with her plan, i know this for a fact, she tried to sell it to major money managers, she had meetings when she was here for the un to sell them on this, very giddy, very confident. neil: sell them on what? charles: this plan she was going to unveil, tax cuts, spending, increased spending, wasn't much austerity in this. tax cuts increase spending will do the job that needed to be done in britain which is to reverse stagflation, economic decline and mounting inflation. after she got done with that, those meetings, i can tell you bond market participants, major ones did not believe this would lead to wider deficit in the near-term and then all hel

charlie gasparino here. charles: and incoherent administration. lot of senior wall street executives, they raised money, dealt with service and they are not innocent over there. the crown prince involved in the murder of journalist. what comes out of the saudis is the muslim brotherhood, not saying it is good what happened. i'm against murder. neil: we do business with mourn farias. charles: it is starting to come out in weird ways. one thing to tell me privately at another to hear jamie dimon talk about how energy policy is incoherent and we need to produce more. what has wall street up in arms is this adversarial relationship with former friends who are aligned with us against iran because iran is a bad player, the saudi's are worried about expansionism, we are at odds with them as we do stuff with iran and we are cutting back oil production. this is what they can't get their hands around, president biden is openly antagonistic to someone he needs to produce more. what is that somebody? what is he going to do? tell you to jump off -- neil: inter

neil: charlie gasparino, i want to pick your brain, the fed continues hiking rates, that is what they shift when britain had a near meltdown. liz truss is gone now and cut taxes without budget cuts. and in that moment, the pension funds, the fed started and there was a debate, the fed talks to people. neil: this was deliberately? charles: not just focus on inflation which is bad, we worry about rate hikes and impact financial stability. neil: might be pivoting a tad. i am telling you this came to me from fed watchers, will who worked at the fed and sweeting it out. we are looking at financial stability, i do know that something beaux-arts the last 3 years. the most money printed in mankind, the us has debt to gdp, 96%. we have bubbles in the market, vomiting stocks worth what they are worth, you put that to get there is a wicked balance, balance -- neil: it is precip potato by the british thing. charles: gary gensler is ambitious and confidential and looks to force corporations to disclose esg stuff and governance stuff, huge regulatory burden. on top of that making noise he will come

charlie gasparino is here with this. charles: i didn't do a lot of reporting about this.d wide is up so much. i will tell you the mood out of davos in the desert put on by mohammed hammed buhammead bin mentioned a recession. markets are up on a recession, the fed will back off raising interest rates and somehow we have a lot of inflation. that was the economic post. there was an undercurrent that was interesting but i get from multiple ceos. this is probably the first time i heard jamie dimon was going to attend this conference which tells you why it is important to wall street and the us. generally they think the biden administration is airing by being so belligerent with the king, they are hearing it from both sides. what you have is wall street as an intermediary to mend the fences. what saudis are telling wall street guys as we cut back on oil because oil prices are flowing and we need to protect our oil. that's the benchmark. the biden administration knew that and we are in that range. they know that. for them to be surprised we will cut oil production among oil pric

time we get rumors around a big bank or financial term everyone on pins and needles we call on charlie gasparinoarles: it is about going under. neil: you were way ahead. charles: they have a troubled investment bank index, management franchise, good banking franchise mainly in europe but their investment bank is here essentially. neil: it is alive and well. it is not going under but does fetch interest. charles: they will sell it and that is the thinking of investment banker, a couple financial ceos, it will be sold, who is going to buy them, i said is there money in the middle east? someone with a lot of oil buffs waiting to pony up? what i am getting back from people is the canadian banks. at least snooping around. what they are saying, td bank, they made noises about expanding in the us, it's a good entrÉe to them. it is interesting how they might do this. there is talk about spinning off into a separate company and some management takes a steak and they get out somewhere but clearly that is what we are hearing. the canadian banks will play a role. us banks, to know if they want it. don't kno

charlie gasparino, thank you very much. i missed you at the gym today. >> i was there. i just got out. cheryl: i went before you i guess. see you tomorrow. >> you work out harder than me and that's saying something. so. yeah, i've seen you in action. cheryl: anyway, rising interest rates having a chilling effect on the housing market. million dollar listing star is here in studio to tell us if he sees the market headed from the penthouse to the outhouse. great to see you, ryan. hello. tangig board, the dow as you can see up 54. "claman countdown" going to be right back. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ c

keep us posted, charlie gasparino following all of that. cost, the dow down 3600 points. we will see you tomorrow. here is "the five." ♪ ♪ >> dana: hello, everyone, i am dana perino along with judge jeanine pirro, jesse watters, greg gutfeld. "the five" -- it is 5:00 in new york city and this is "the five." ♪ ♪ the president's son is one step away from serious legal troubles. federal agents investigating hunter biden reportedly think they have enough evidence to charge him with tax crimes and for lying about his drug use on a federal gun form. the legal fate of the first son

charlie gasparino, what's going on? >> not just twitter shareholders, it's the federal government.f people don't know about. the committee on foreign investment in the u.s. they're threatening opening an investigation to whether musk's use of foreign investors might violate some sort of a national security edict. this is the committee that trump used, was attempting to use to get tik tok banned from the u.s. they do have power. whether minority interests in a company, in a takeover -- he will be the majority owner. binance, a chinese company and the prince of saudi arabia would be minority investors. but they wouldn't be owners. okay? so whether that qualifies as simple that cifas can stop is unclear, this is being investigated. bloomberg was first to report it. i understand as well. it could be serious. we don't know. i don't know how far -- i don't think anybody knows how far cifas' power. can it extend to minority owners where the majority owners have national security clearance. star link has forced elon musk to get national security clearance. he has it to do the space flights

keep us posted, charlie gasparino following all of that. worries about deals, worries about higher prices, worry about higher energy cost, the dow down 3600 points. we will see you tomorrow. here is "the five." ♪ ♪ >> dana: hello, everyone, i am dana perino along with judge jeanine pirro, jesse watters, greg gutfeld. "the five" -- it is 5:00 in new york city and this is "the five." ♪ ♪ the president's son is one step away from serious legal troubles. federal agents investigating hunter biden reportedly think they have enough evidence to charge him with tax crimes and for lying about his drug use on a federal gun form. the legal fate of the first son now in the hands of a >> dana: trump-appointed u.s. attorney in delaware. feds appeared to be closing and after a 4-year investigation, which started over hunter biden's foreign business dealings. hunter biden's lawyers not denying the story, and instead, taking issue on the leak, saying this, it is a federal felony for a federal agent to leak information about a grand jury investigation such as

common ground and they voiced that rather openly, i was surprised but in the "new york post" charlie gasparinoses how ceos are trying to fix biden's saudi oil mess because he won't. it is so interesting to me. everybody seems to get it but the president. i have to stand back and think, maybe he does get it, he just doesn't care? >> it makes you wonder. it is not hard to see where the problems are and a shame that our ceos have to go to saudi arabia? why can't we produce energy here? we're blessed with domestic energy. we could be creating jobs in the united states. keep us wealthy at home instead of exporting to foreign countries and depending on their policies to supply our energy. it is asinine we're going down the route we're going. it can change, i'm ready to get to work on it on the natural resources committee. jackie: congressman bruce westerman, thank you so much. we'll talk to you soon. >> thanks. jackie: top democrat prosecutors in illinois pushing back on i will november governor jb pritzker's bail reform law warning it will detroit the state amid a nationwide crime wave. desperate d

joining us now from connecticut, the state where this took place, charlie gasparino, senior correspondentie, nobody believes alex jones has a billion dollars to fork over, but how much of a message did this decision on damages send? >> i mean, i think it sends a pretty harsh message. it basically says that if you're going to be in the conspiracy game and if that game does hurt people because, remember, this was not libel and per se, this was stuff like people getting harassed, people getting threatened, people -- you know, and all of us in the public eye get harassed and threatened. trust me, i get it all the time. [laughter] i get nasty phone calls to my house, but that's what i signed up for. these are average people who did not sign up for it, and i think it's justice due. and, you know, one of the things though i think is troubling is what i read in "the new york times" today. there was a columnist, can't remember her name, but she wrote about that the government essentially has to go in and ramp up a surveillance state on conspiracy theorists, and i think that would be the worst poss

and just being charlie gasparino.eave the check for someone else to pick up. >> that is me. because i'm not a billionaire like you. who picks up the tab all the time. oh, please, please. that is how it's going to be my friend. you are the best. all right, we have a lot more coming up including crime. it is real and real reminders very tragic as well. after this t you're getting into, but at the end of the day, you know you have a team behind you that can help you. not having to worry about the future makes it possible to make the present as best as it can be for everybody. buying a car from vroom is so easy, all you need is a phone and a finger. just go to vroom.com, scroll through thousands of cars. then, tap to buy. that's it. no sales speak, no wasted time. go to vroom.com and pick your favorite. ♪ ♪ >> neil: all right, finally an indictment and marist dad. the latest from alexis mcadams. what do we know? >> we are waiting a few days to hear out the details. we heard from dutchess county upstate new york a grand ju

. >>> well, at this hour we are going to be talking about charlie gasparino from yesterday. had a plan to change market making? well, will this potential change many leadership after the midterms thwart that agenda? shar charlie's going to talk about that when he breaks that next. take a look at the big board. we are breaking new session highs, as you can see, dow up 755. a strong market as we go into your friday evening. happy hour a little bit earlied today to. we'll be right back. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ here goes nothing. hey greg. uhh...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada! wo

charlie gasparino. the best business reporter on the planet. nce or twice. >> keep saying it. >> neil: i will. the check should be in the mail. charlie, i was thinking of you with the netflix numbers out. they were better -- >> a lot better than expected. >> neil: they have a two-tiered service to win people back for people like you that don't want to pay as much. but you get advertising. it's a flip. what do you make of it all? >> listen, people are still trying to figure out how to make streaming work. this is a good number. people are getting it's down. this is a business that is in transition. every major media company is looking to catch netflix. netflix had a drought there where people questioned the business model. looks like they figured it out. you don't want to say definitely. i'll say if you go into a recession, all bets are off. the ad model was interesting. it seems like that is a good play if you think you're going into a recession. >> it's cheaper. you do have to watch the ads. that's what they're doing. so maybe that's the recess

he's firing people there, and charlie gasparino on what he plans to do there. g, charlie? >> it's all over the place, neil. i'm hearing that he's looking, he's kicking around some fairly radical changes, making twitter not just a forum for conversation and, you know, trolling and all the stuff it's known for including, or you know, causing revolution. twitter has been that impactful at times. but he's looking at something that looks a little bit like a payment system, an app that you can instantly talk to people and engage at the same time in various financial transactions. so he's throwing a lot of tough up in the air. neil, i know this sounds like -- no one really knows and no one does know. i don't even think he knows. i think the first thing, from what i understand, it's mainly going to be trying to get his hands around content moderation, you know? how far does he push the freeway speech aspect which is -- free speech aspect which is why he wanted to buy twitter because he thought there was too much censorship by the past management, how much does he push t

i guess charlie gasparino who has been following this story better than anyone i know, a deal could beou tell us? >> you know, neil, i would just say wait for the press release. at that point i'm going to email you, say when are we having dinner on you at olive garden. i would just say this -- neil: you sure you don't want to go dutch? but i digress, but go ahead. >> we'll go to a better place than olive garden. here is what i've been saying, i have been reporting ought for a long time, the whole dance with twitter was a way to get the price down. he still wanted to buy it. i was talking with people very close with musk. they assured me of that, this was all about getting the price down from 54.20 to you know, something more manageable. so you know, what's interesting about this is that on top of that, the court case wasn't going so well. twitter sued him for backing out of the initial bid. the chancery court was probably going to side with twitter, because the whole thing about bots, remember he said that he was shocked by how many bottoms were there? you know, took him, when there wa

charlie gasparino, no matter what you throw at him, he's ready.remiss if we didn't mention the stunning numbers out of amazon that prompted a 20% sell off of the stock. earn beings were okay. revenue and guidance not. we now how that goes. something like this just seems out of whack. what did you make of it? >> the dow up 200 points. amazon up reporting -- a lousy quarter. meta not doing much better. we saw -- we heard what is going on at facebook. elon musk says i have to cut a lot of jobs at twitter. he backed off laying off 75%. the finances of that place are in disarray. this is what is so bizarre about the markets and scary for investors. you see averages kind of going up. the s&p was off today. maybe the nasdaq as well. i didn't check that. >> neil: the bigger exception, charlie -- i keep interrupting you -- apple did beat the earnings. stock up to the upside. not everyone is getting shellacked here. you're correct to point out that technology is not matching other stocks. >> technology led the markets and led the economy in the last couple

let's go to charlie gasparino. let me be blunt. >> right. neil: will this deal happen?> probably not at this price. let me make a couple points as i heard what kelly said. i think you need to check if apollo is equity financier. they may be a debt, i recall, they may be a debt. why is that important because equity financing was coming from musk, largely, coming from larry ellison, marc andreessen and a few other players. about they back out, that is not good. those are friends of elon, okay? neil: but they have not backed out? >> there is no word. they won't answer our phone calls. neil: there would be good financial reason for them to back out. >> right. the stock has moved against them. the debt financing is interesting because you turn to that, that is essentially where i think apollo would play mostly and also you know, big banks want to do that. now, here's the problem with the debt financing. the markets have moved against them. we have higher interest rates. we have a selloff of the, no one thinks twitter other than you know, its bid is worth $44 billion. banks,

charlie gasparino, i mean, as you know we try to skew politics here no one cares what the my opinions pointless , so i have strong opinions on things like food but generally, this other stuff i try not to get into but charlie one thing that was bothering me is there was a lot of people seizing on the president's remarks and say oh, it is the oil companies sort of corner ing this market, screwing us, gouging us, even when the president threw it out there when hurricane ian hit florida that you better not gouge, as if , they have done countless studies into this over what 40 or 50 years, where not one-time was there any proof, any indication that was going on, but again, just to throw it out there, was enough to get people pause and say oh, what do you make of this? charlie: listen, we have three weeks until the mid-terms? if you look at the polling, it's starting to switch more to economic issues, which is bad for the democrats, inflation, a potentially recession, the stock market being crazy. i will say this , and this kind of tells you something about the biden agenda and how diffic