my good colleague and friend liz claman is back. he added over to her. charle: speaking of homeownership, countrywide financial has passed away. spewed luncheon. charle: what a controversial figure he became the face of the mortgage crisis. we will have more on that. in the meantime we have a bunch of other breaking news with the final hour of trade. the s&p is on track to close at a new 2023 hi, let's put up the year today chart, the previous high 45, we've already blown through that, 4523 with 17 points at the moment, the broader index looks to sail through although anything can happen in the final hour. were at the best level since april 2022 at the moment. the nasdaq jointing 120 points, that the tech heavy index at a pretty stunning 35%. let's look at the dow it is tacking on 80 points at the moment, that is about a quarter of 8% gain the sixth straight day of gains for the dow jones industrial, key macro developments are pushing stocks to higher elevations assigned of a soft landing courtesy of empire index the read on manufacturing in new york sta

yesterday on "the claman countdown" to wall street. under billionaires, david rubenstein and blackrock larry fink predicted that and in this case more. >> 25 this july and reserving another 25 at some point in the fall in case they feel they need it. right now they're telegraphing that they will probably need that. >> the federal reserve will have to do minimum to but as much as for. >> for more 25 basis points. >> another 100 basis points. i believe inflation is stickier and more structural. liz: that's what lori logan and of course jay powell has said, not only is the market pricing in a 92% chance of a 25 basis point hike in two weeks. more than 40% of the market is betting rates finish out at least five and a half to five and three quarters percent. what will all of this mean for stock and bond investors, to the floor show and star trainers teddy weisberg and scott rather. the two year yield is rocketing to the highest level in 16 years. it's 5.019% right now. what message does that send to investors? >> i think the adp numbers tod

, host of the "claman countdown" fox business three eastern.ish we had the indictment to talk about, mollie, what do you think of the special council bring january 6 related charges, as i said this could be the hardest case to prove. >> some people were expecting something like this. other people are surprised by it. the larger story we have a department of justice working to literally imprison their top political opponent of the current president an using all sorts of powers to go after him. state level democrats are also doing this. is a very important story to discover. this is what they associate with third world authoritarian regimes mapping in our country. we have a media likes to claim they speak truth to power they will not cover what is happening her with our department of justice which a large portion of you are country is come politically corrupt going after the top republican opponent while the democrats are in office. howard: liz claman, trump as i said at the top broke the news of the pending indictment. that enables him to contro

liz claman, i say pe peter sells is the best pink panther. liz: oh, for sure. we have decent gains in the stock market it's amazing. charles: not everyone is doing so well but the rich are getting richer. liz: that's true. if you're invested in stocks. it's a new 52-week kind of someday and close to stocks on the big board blasting blue the one year ceilings at this hour with bankers and ai stocks lifting the major indexes and the dow jones are jumping 354 points at the moment and that equals about one full percentage point with 59 minutes to trade and blue chips on pace for the seventh straight win propelled by microsoft, which is on track not just for a 52-week high but an all time record. so you got to see the bernards healthcare day chart of mr. softy. the stock was bumping around and you can see this spike with the tech giant released pricing for businesses to access new artificial intelligence features featuresadded to the office sofd shared up 5% and up more than that with 5% and change and right now a $363.60. they are on track to close at never before

"the claman count down's -- count down's coming right back. dow's holding on to gains 0668 points. -- of 68 points. the the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. ( ♪ ) i'll always take care of you. ♪ i'm gonna hold you forever... ♪ ♪ ♪ ♪ be by your side... ♪ ♪ i'll be there... ♪ first, there's an idea and you do something about it for the first time with godaddy. then before you know it, (it is a life changer...) you make your first sale. small business first. never stopped coming. (we did it!) and you have a p

liz: i'm kidding. >> got the name claman in there. not me. i asked adena, this is my wheelhouse i cover big financial firms. i said what is going on with david? doesn't seem, never seems to be able to catch a break, right? we're always talking about him. she said they work with him a lot and that he actually gives amazingly good guidance and i think that is why the stock turned around. he gave very good guidance to the street. the street is starting to believe his story he is getting some of these charges out of the way and that there is more clear skies coming for goldman and, this is like a one-off thing. they had to write down some real estate and some other things. that is the bullish view. that is what she said. take it for her word, adena knows her stuff, right? the more sort of pessimistic view, i'm not saying i ascribe to either view is this, the business model is a two-trick pony, right? they trade. they do investment banking and they don't do much else okay? they're locked into something that's very much tied to the vicissitudes of

[laughter] i am is for liz claman, let's begin with fox market alert. attached to the finish line to stay in the green, dow down eight points. one hour left of trade for the week. a shortened week with the holiday and it is summer after all. the broader market is up 14 points and the nasdaq up by 75. a while day of trading all because of the jobs data so the dow have been down 152 points. then it turned positive and now back in the bed. you could say the same with the s&p 500. they recovered 21 points loss, a recession high of 125 points. right now is up by about 80. investors scratching their heads trying to make sense of the june jobs report. the other numbers, overall job growth, 209,000 jobs created in june. the estimate was to 25 estimate, april and may also revised lower. unemployment rate in line with expectations, 3.6% that fell from they, that's a good thing. wage growth, it depends on if it's a good thing. average hourly earnings rose four-point 4% year-over-year. i through a lot of numbers. the spring and, chief economist at bloomington trust

liz: "the claman countdown" team caught this scene a few hours ago. steve schrippa and others joining thousands across the nation picketing the studios represented by the alliance of motion picture intelligent producers which failed to grease -- reach an agreement with the sag actors union. a bunch of things, higher wages, streaming residuals, and artificial intelligence. ai use of actors and images. hollywood plagued by both actors and writers on the picket line. one of the top names in comedy not just saying about this but doing about it. rob schneider, actor and comedian known for his work on saturday night live, deuce bigelow joins us live. let's get to it. gut reaction, pickets here, across the nation. what do you think. >> we are not talking about anything but trying to give actors -- base actors, a chance to make a living. and try to live on that. it turned its business, to hobbyists. the writers guild is in a similar situation. netflix provided a gigantic explosion of content. and it is -- ted saran us is a decent man. and when they offer writ

hey, liz claman is back, he knows all about hard work. liz: i'll throw out this one antidisestablishmenttarianism. charles: if you can spell it, you get extra points. liz: charles, thank you so much. okay, folks, here we are, the first full day of trade for july, first for the third quarter, first for the second half and stocks are off to kind of a feeble start with the bulls sitting this one out, the dow jones industrial down 115, off the low of the session which had been a loss of 191 points. s&p down 5, the nasdaq losing just about 10 points. as always, the federal reserve's next moves will determine at least in some part the market's performance going forward. in just the last hour, we got some hints, big ones, as to to how the fed's second half playbook is going to look. the federal reserve releasing minutes from its june interest rate-setting meeting, the one where they left rates unchanged. the minutes reveal that some voting members favored a 25 basis point increase at that meeting. they did not get their way. and nearly all membe

liz claman, over to you. liz: we have a mob of bulls with 59 minutes left of trading on this monday and blue chips are hurdling towards the heavens for eleventh straight session and prolonged sprint showing no signs of this hour of tumbling and even a close of a fraction of a single point would mark the long e streak since february of 2017. the bull haves more that be a sing the point. right now there's the dow up 194 points and we're talking about the leaders here, goldman sachs, chevron, jp morgan and goldman sachs hitting a high and goldman at the moment looking pretty darn strong and at this second, i'm going to check here. we can pull it up. it's up about 2.25% and jp norman notching a new -- jp morgan notching a new 52-week high and chevron moving higher with a rare sunday earnings preannouncement in which the energy giant said second quarter profits beat estimates and important to note year over year epa fell 47%. chevron revealed its cfo will exit in 2024. ceo mike worth, he get toss stay beyond. beyo

liz claman, over to you. liz: charles, have you seen the nasdaq? charles: yeah! liz: buckle up for the final hour of trade. charles: uh oh, i'm ready. liz: get your seatbelt on because we're facing a rare alignment of the market plan especially to social norms to speak and -- so-to-speak and stocks are mixed and experienced traders are not sure how the next 59 minutes will play out. $2.4 trillion in options are set to expire been this hour, in decisiveness is gripping the nasdaq in particular. we're watching the nasdaq in particular and the nasdaq has crossed unchanged line 70, 7-0 times today and down about 1.5 points or a fraction of a percent. but here's the story, at today's close, this much awaited special rebalancing of the tech heavy index will be solidified. seven nasdaq 100 stocks, you know them well: apple, microsoft, alphabet, nvidia, amazon, tesla, and meta have all according to the sec and regulators, gotten too big for their pitches meaning their weightings on the nasdaq have too much influence or sway and now must be reduced so not to have an outsi

that's it for "claman countdown."ow. in just a moment we'll talk to house judiciary chairman jim jordan about his center stage big news hearing

that will do it for "claman countdown" and "kudlow" is next. ♪.ee house committees investigating the biden scandals, all of them will reconvene this week. fox news david spunt live in the details i think he

"the claman countdown" coming right back, the dow 235. ♪ dad, we got this. we got this.e got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones i did have hearing aids from another company... i was just frustrated... i almost gave up. with miracle ear it's all about service. they're personable... they're friendly. i'm very happy with them. we provide you with a free lifetime of aftercare. meaning free checkups, cleanings, and adjustments. i see someone new... someone happy... it's really made a difference. call miracle ear at 1-800-miracle and schedule your free, no obligation hearing evaluation today. ♪(west rose “next big thing”)♪ ♪ready? go♪ ♪i'm coming out with a bang♪ ♪blowin' up i'm the next big thing♪ ♪everybody want my shine♪ ♪if you want a piece better get in line♪ ♪ain't nobody do it like this♪ ♪go so hard no i just don't quit (don't quit)♪ ♪i'm coming out with a bang (bang)♪ ♪blowin' up i'm the next big thing (big thing)♪ ♪do-do you like me now? do-do you like?♪ we don't jus

that will do it for the "claman countdown." thank you so much for joining us. "kudlow" -- ♪.

in the meantime, my colleague cheryl casone, she's in for liz claman. clerls cheryl markets aren't going anywhere, i'm going to make five days in a day, watch with it right now. charles, thank you very much. >>> we have got a fox business alert for you right now. you are looking at live pictures from coast to coast of picket lines that have gathered here in new york city's times square and in front of the netflix headquarters building in los angeles. after the actors union, sag-actra, unanimously voted to strike starting today. the hollywood actors have joined the writers in protests for the first industry-wide walkout in over 60 years. twin strikeses have forced all studios to hut down production after negotiations for pay, streaming and artificial intelligence regulations fell through. all the major film and tv studio stocks are taking a hit on the double strike today. as you can see, netflix, disney, paramowrnghts warner brothers, fox corporate, all of these stocks are lore. kelly o'grady is live outside of netflix headquarters where protests have be

charles: all right, folk, over to liz claman. liz: happy friday as we kick off the final hour of trade for the entire week. the bulls are snatching back a good chunk of what the bears grabbed yesterday. flight the dow jones industrials up 180 points, look at the s&p, up 45. the nasdaq, a nice 2% move here, gain of 274 points. russell 2000, small and mid caps, up 27 points. now, in this hour yesterday, the dow had fumbled all 200 plus points of gains and closed down 237. here we are today with a reversal rally red by intel. led by intel. intel topping the dow can jones industrials. we've got shares holdenning to -- holding on to nearly all the 6 gains after the chipmaker not only swung to a poft during the quarter, but signaled that its core pc chip business business is finally close to bottoming. yes, year to date we can look at that, it has gained 39%. but pc chips, here's the problem, they don't command as high a price as artificial intelligence chips. and nvidia owns that a.i. semi space right now. nvidia has surged nearly 220

liz: you're watching "the claman countdown" on fox business in the wake of the fed's 1 11th rate hike this cycle. the markets right now are solidly in the green as federal reserve chair jerome powell fields a barrage of reporter questions. let's go back to the live news conference. >> reporter: we're seeing a lot of unions go on strike or threaten strike, and the common thing is they come out with increases, like big pay increases, like ups and the autoworkers coming up. are you concerned about a series of trends of big unions, these contracts pushing wage inflation? >> not for us to comment on contract negotiations. not our job, not our role. you know, we monitor these things, and we'll keep an eye on them, but really that's something that's handled at that level. >> [inaudible] >> victoria. >> reporter: hi, victoria geed doe with politico. i wanted to ask about the sep which suggests that you would cut rates as overall and core pce get to around or under 3%. so i'm wondering, is the level of inflation what's sort of important there as you think about getting to 2 2 and when you migh

that is it for "the claman countdown." i will be back with you tomorrow.

hey, liz claman is back, he knows all about hard work. liz: i'll throw out this one

knew to my colleague, liz claman. liz: krispy kreme, american exceptionalism.od. i've have 20 a daytime the fire is burning within the dow and

in the meantime, here's liz claman. liz: oh, yeah. you know what, charles?ere we have multiple breaking news plates spinning in the our. and here goes. in just the last couple of minutes, this: b

liz claman, i say pe peter sells is the best pink panther. liz: oh, for sure. we h

my good colleague and friend liz claman is back. he added over to her.. charle: what a controversial figure he became the face of the mortgage crisis. we will have more on that. in the meantime we have a bunch of other breakin

double figures the line and inflation and the impeak spltous for all the other factors -- charles: liz claman

in the meantime, my colleague cheryl casone, she's in for liz claman.. >>> we have got a fox business alert for you right now. you are looking at live pictures from coast to coast of pke

closing bell rings] that will do it for "the claman countdown."f mattel tomorrow. larry: hello folks, welcome to "kudlow," i'm larry kudlow. as you know hunter biden's sweetheart deal blew up in

charles: all right, folk, over to liz claman. snatching back a good chunk of what the bears grabbed yesterday. flight the dow jones industrials up 180

liz claman, over to you. liz: charles, have you seen the nasdaq? charles: yeah!n because we're facing a rare alignment of the market plan especially to social norms to speak and -- so-to-speak and stocks are mixed and exper

liz claman, over to you.avens for eleventh straigh

liz: you're watching "the claman countdown" on fo