i am, indeed, ashley webster in for liz claman. the bears making themselves comfortable with the dow, s&p and nasdaq on pace for a third down day in a row. you can see the dow now off 228, the nasdaq down 221 -- 121, that is, right around session lows. the dow down big despite a big earnings season boost from cisco which is at the top of the i blue chips as you can see, up 3.5%. shares hitting a 52- week high after cisco reported a top and bottom line beat after the bell yesterday due to its enormous market share as well as future a.i. opportunities at the company. investors responding, up 3.5. walmart also smashing earnings expectations, raising its full-year forecast as well. the retailing giant saying that bargain-hunting customers buying more grocery staples as household budgets remain under pressure which, of course, helped boost sales for the big box retailer. as you can see though, currently trading down 2%. despite tight budgets, analysts pointing to resilient demand in the u.s. as one of the reasons why the 10-year yield i

the claman smackdown -- i mean countdown -- comes back in a minute.down 183 points. ♪ ♪ ♪ 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? ♪ ♪ ♪ ♪ ♪ ♪ we don't just have everything... we have your thing. ♪ we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a gold

i have to hand it over to my colleague liz claman. i am a little choppy in the handoff because i'm in vegas. any place you want me to say hi to some your friends? liz: i like the encore tower suites room service. tell those guys, there may people. before we get to the markets take a look at yellow truck down about 25%. it has been gyrated wildly since last week on news that it would file for bankruptcy and today that happened, the stock is at $2.67 but it morphed into a mean stock that retail investors are playing very heavily. this month alone is pop 55% with jaw-dropping selloffs and quarter to date it has soared 283%, charlie gasparino is looking at the funds he is back he has some news on who needs to stand to lose and when. even if you don't own the stock. let's get to the market after the worst week of march, the flipping the script and given the role of protagonist to the bulls at this hour as we kick off the final 59 minutes of trade, dow jones industrial of 405 points. the dow lost 393 points total last week driven by the fit

good afternoon, everyone, i'm ashley ashley webster in for liz claman today. we begin with a fox market alert. the bears are sinking their claws into the major averages, red everywhere. the dow off 280 points, the s&p and nasdaq down close to 1%, the russell 2000, small caps, also down 1%. the selloff is being driven by a combination of negative news. we have disappointing data out of china casting a dark cloud other its economic output. industrial production, meanwhile, coming in weaker than expected and, oh, yes, china unexpectedly cutting rates by 15 basis points. all kind of negative headwinds. now on the other hand, strong data guest canically not helping investor sentiment either. retail sales rose more than expected showing that the consumer here in the u.s., very resilient. but you know what that's codes for, yep, the feds could have to keep rates longer for high higher -- can higher for longer, rather. [laughter] neel kashkari saying today we are, quote, a long way from cutting rates. oh, great. those higher rates, however, certainly have proven burde

right now i hand it over to liz claman. liz: buffett never splits the stock, doesn't pay a dividend. that's why it's six figures to buy a single share. charles, thank you very much. wait a minute, no five-peat? after four straight days of gains for all three major indices, the nasdaq's still there, but the dow after zooming up 179 points earlier in the session is now down 40 points, just -- the 140 points, just off session lows, and the s&p flirting with the unchanged line. yeah, to the downside here. the bull party had kicked off, as you know, last friday. the dow took flight with daily triple and double-digit gains. the blue chips up over .8% over the past week. look at the s&p right now. since last friday, it has gained about 1.7%. the broader indc has seen a 1.7% gain, as i said, but that still does the not push it into the green for the month. how about the nasdaq? it's on pace for its eighth gain out of nine sessions with salesforce leading the way, up 2.4% for the nasdaq over the last week when you bring in starting

liz claman, i hand it over to you because this last hour, i think, is going to be pretty, pretty wild. liz: we're like dr. seuss with eyes on the sides of our head, we're looking in many different directions for our viewers, charles. we have two major breaking stories we're following as we kick off the final hour of trade. ing a day after stocks plummeted in the wake of that down trade of the u.s.' creditworthiness by fitch ratings agency, the markets are mixed. but all four major indices are well off the lows of the session. dow is up 3 points. s&p down 1 point. nasdaq up 22. you're looking right now at former president donald trump who is just disembarking in washington d.c. he will then get in his vehicle and head to his arraignment. trump will appear in federal court to answer charges he con conspired and plotted to overturn his 2020 election loss. as you see, he is getting into an suv. he's got security. we have cameras all over the nation's capital to follow this. ing fox business' grady trimble is standing by at the courthouse where trump is set to appear in person at 4 p.m. ea

"claman countdown" is coming right back. don't move. ♪ muck you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. there are currently more than 750,000 unfilled cybersecurity jobs in the u.s. the google cybersecurity certificate was made to fill that gap and help grow the workforce that's keeping us all safe. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine.

all handed over to ashley webster, he is in for liz claman. over to you. >> thank you, how did the men north of richmond get so rich. i guess that is a story for another day but your point is very well taken. charles: try taxes. very good. charles pingree stuff, good afternoon i am ashley webster and for liz claman. we begin with the fox market alert you can look at the mixed bag the dow attempting for a third straight interest-rate session of gains but between the bulls and the bears as anyone's game, the s&p 500 and nasdaq on the other hand are little more firmly in the green as you can see, nothing to write home about but there in the green, as big tech and growth stocks, maybe the chip stocks to lead the way higher, nvidia, micro, their higher but not just tech and control, steel dynamics claim in the top spots on the s&p 500 at this hour. coming up by the way we're going to dig into what's driving the gains in the rejection and rocking the steel industry the ceo of spring maker cleveland cliffs will join me whether to discuss whether or n

meanwhile, i'm give the show to ashley webster in for liz claman. this last hour of trading, ashley, i'm a little anxious about it. ashley: i can tell that, charles. to get back to your advice, just are relax, chill out. the prices will come down. i love it. charles: there you go. [laughter] ashley: thank you very much, charles. by the way, i drove a jalopy, and it wasn't a collector's item. it's been a gradual and small downturn, stocks slowly retreating right up until 2 p.m. which is when the federal reserve released the minutes from its policy meeting last month. the reaction has been pretty mute after the minutes revealed what we already knew, that the federal reserve is still fully day-dependent, and its next meeting will remain a live one with inflation still too high. they also, the fed appears a bit divided, they're not on the same page. the minutes also a reaffirming that the fed does not see a mild if recession at the end of this year, but there's still significant probability for one in 2024. but it is the retailers that are making some o

i am ashley webster i am in for liz claman. we begin the final hour with the fox market alerts, stocks have been under pressure this week all three major averages are at risk for posting a fourth straight session of decline but right now stocks are flat down ever so slightly, he can see the dow up 12, the s&p downtown, the nasdaq down two tenths, global growth underway as china's property evergreen files bankruptcy protection in a manhattan courtroom, shares of chinese cavities are feeling the heat seen declines across the board e-commerce giant ali baba njd.com among those moving much slower today as well as ev maker nio, kneel down down 7%, at this hour next friday we will get a better sense of what the fed is thinking as fed chair jay powell will be speaking at the jackson hole central bankers conference a week from today. many are hoping to glean more information on the fed forward and whether or not they will keep the rates higher for longer. that is the fear. in a rare move cybersecurity firm palo alto networks is reporti

that will do it for "the claman countdown." larry kudlow is up next. of the big gop debate. ♪. larrlo

liz claman, unfortunately, you may need it today. liz: well, i'm too busy, i've been following your instagram and twitter feed. [laughter] and you're, like, there this in vegas with poll carry. i want to play. charles: yeah, yeah. [laughter] we're doing okay. liz: safe journey back. we need you back, so be well. thank you, charles. we begin with breaking news. some of the world's top bank stocks are losing chunks of their market cap as we kick off the final hour of trade, and that is dragging down the broader market. dow jones industrials -- and, by the way, everything is off the lows of the session, but still the dow is down about 184 points. we had been down about 465. we are looking at what's going on here regarding the selloff. it's erasing much of the ground the bulls had gained during this hour yesterday. if you look at the dow jones industrials' 2-day chart, the blue chips at the moment are kind of coming back but still certainly not what happened yesterday, blasting skyward by 407 points monday afternoon. yeah, not there yet

liz claman would agree. liz: yes, the tropical storm hilary is heading straight towards texas and a slow august afternoon translates to hyper speed moves in the bond market at this hour, look at bond market right now at 10 year yield and just jumped once again. southern california begins digging out from undermudslides and drawing out from tropical storm hillary. while nevada and oregon brace for its impact. much of the equities market is taking it all in stride. the dow joins industrials well off the lows and down 252 points and down just 27 right now and s&p coming off a three week slide beginning the week with a gain of 27 points. or about two-thirds of a percent. in the nasdaq, nice move here, just about 200 point gain and thankfully we should say we've got on the other side of the screen, pictures of what's going on in california. still no recorded death in the u.s. from the storm, which is now dumping rain on nevada and oregon. the damage left behind in california may very well soak the supply chain th

i am ashley webster i am in for liz claman.e major averages are at risk for posting a fourth straight session of decline but right now stocks are flat down

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my colleague, liz claman. liz: you have to pick read on the wheel. charles: you got it. liz: a hot summer friday on wall street has turned cold. look at this as we kick on the final 59 minutes of trade, looks like the bulls started happy hour little too early and completely stopped. they had to sit down. look at the dow entered day. the rally up 290 points to the upside, it has entirely disappeared. we reversed. the dow was down one hundred 12 points. a pretty significant swing here. let's look at the s&p. it was again of 38 points, we are down 17. all happening at precisely the same time. look at the nasdaq, the broader markets around 2:00, 10:00 pm, the nasdaq had been as high as one hundred 59 points, way up higher, it comes just as apple dropped below its 50 day moving average in heavy trading. a move that can be considered a cell signal. you can look at apple right now down 4. 5%, 11:00 a.m. :00 am it was down 2 and change. you see the doubling and this sort of waterfall situation and $182.63 a share, apple has lost its $3 trillion market status, apple did beat on t

kelly -- claman. kelly: charles, thank you. bulls are letting their foot off the gas on the first trading day of august with 59 minutes left of trade and dow up 79 points and a bit of green and s&p down 500 close to 9 and nasdaq close to 48 and russell 2,000 down close to 12 point-blank layupses. this breather -- 12 points and this breather comes after five consecutive months of gains where the major averages have been able to notch really impressive gains. year-to-date, the dow is up 7.5% and s&p 500 over 19%, nasdaq up close to 37% right now. despite today's hiccup, omeletten heimer is betting that the -- open heimer is beg the -- oppenheimer is beg the s&p 500 notches a new high to 4900 and that would below past the previous record made in january of 2022. speaking of records caterpillar hitting an all-time high and solely responsible for the gains right now and shares up 8.5% after reporting strong quarterly results driven by a surge and demand for the construction project and as impressive as that s look at computer compan

all handed over to ashley webster, he is in for liz claman.e men north of richmond get so rich. i guess that is a story for another day but your point is very well taken. charles: try taxes. very good. charles pingree stuff, good afternoon i am ashley webster and for liz claman. we begin with the fox market alert you can look ath

liz claman, those are my twoen cents. liz: hang on tight, because it ends up, long term, being with a wild ride. toughen up, everybody. the bulls are looking at a threepeat as we kick off the final hour of trade, three in a row for the dow, the s&p and the nasdaq, the dow up 226 points. that's a good move. s&p up 57. look at some of the names crushing it on the s&p. tesla is one of the top leaders here for both the nasdaq and the s&p. catching air from a.i. the stock is up merely 7% at the moment. oppenheimer says the ev leader is launching a $3000 million a.i -- 3000 million -- 300 million supercomputer. best buy beaten on both the top and bottom line in the quarter driven by its black friday in july sale that it had, was trying to take on amazon prime day. that a spread lots of raptop -- laptop and appliance purchases. to the nasdaq, its sixth up day out of seven sessions, three this in a row, as i said, nice gain of 226 points. while there are the no pure play crypto stocks in the nasdaq 100, a huge victory as nasdaq l

with that in mind i'm going to hand you over a little bit early to my colleague liz claman, i think you would agree. liz: yeah but are we in present copy? wait a minute. [laughter] liz: elderly have the wisdom in the experience it more often they have money than the younger ones. thank you very much charles we do need to begin with the fox business alert and we will get you more from florida's gulf coast in just a few minutes. we are nine hours away from tampa international airport closing to all commercial operations, here is why, you're looking at the current radar of tropical storm idalia. it's 80 miles south of the western tip of cuba and the national hurricane center latest forecast calls for the storm to hit florida's big bend on the gulf coast wednesday as a category 3 hurricane, with a it'll bring about 150 mile-per-hour sustained winds and up to 11 feet of storm surge, the heavily populated tampa bay area could see 4 - 7 feet but the cone of uncertainty stretches from tampa, north to tallahassee. as i said will get to a live report from the ground. to the markets and if you sta

good afternoon, everyone, i'm ashley ashley webster in for liz claman today.r averages, red everywhere. the dow off 280 points, the s&p and nasdaq down close to 1%, the russell 2000, small caps, also down 1%. the selloff is being driven by a combination of negative news. we have disappointing data o

i am, indeed, ashley webster in for liz claman.ird down day in a row. you can see the dow now off 228, the nasdaq down 221 -- 121, that is, right around session lows. the dow down

liz claman, over to you. liz: yeah. charles, we've got our eye on two major stories we're following as we kick off the final hour of trade. stocks on track for their fourth straight day of gains. the s&p, which is up right now about 19 points, has climbed above 4500. it's at 4517 at the moment. and you see that nasdaq, 82-point gain. if we close anywhere in the green, that will mark the seventh win out of eight for the tech-heavy index. and breaking news, hurricane idalia right now blasting over waycross, georgia. the now-category one storm has triggered 15 tornado warnings in its wake and a 16th with storm surge -- 16-foot storm surge has left huge swaths underwater. coming up, we're going to take you live to both georgia and florida for the very latest and show you the damage and show you what is coming right now especially in georgia. now, we can tell you that right now natural gas prices are moving higher by about 4.8%. they stand at $2.79 per million british thermal units, and crude oil well above with $81 a barrel

. >> dei kind of nomenclature and it's gnomen claman countdownture and -- nomenclatures and unions forgents and this is a kin to supporting patetism that many want to exude and it's an erosion from the inside. stuart: susan: i didn't realize that. i'm used to seeing movers and documentaries on the old soviet union where every military unit would have a political czar on hand to make sure the military does the right thing and have the same thing in the united states military, a c comisar and could that instructor override the military commander of that unit. >> if the idea is focusing in on the discipline of the crew and dei officer decided it was against the dicktat and it's reported up the chain of command to someone in a political position or someone in the civilian position well above that commanding officer and it erodes the confidence of war fighters and starts with something like this. stuart: thank you, sir. >> keep an eye on alaska. stuart: we shall do that. secretary blinken is getting backlash after a tweet criticizing russia's putin. come back in again, ashley. i guess that

ryan, the private sector and we talk about this a lot an the "claman countdown" and fox business andvate sector does a much better job at problem solving than the u.s. government. what was the genesis of your idea to fill amazon teacher wish lists and what have you learned about the need? >> someone surfaced internally at our company, and everyone is kind of trained to find ways to help people all the time every single day. you know, it was nothing different for us. we send a care package out to maui this year. or this last week and that's been nice for them. but for the teachers, it's just something that i noticed that was a bigger issue than where he kind of realized so, you know, like with everything, we just kind of jump on things as they come up and everything was very timely in this particular instance. teachers going back to school and i was just really shocked. i was really shocked that there was no funding for even the basics, essentials and talking pencils, paper, markers, you know, the things you'd think that would just come along with your job are things these teachers ar

kelly -- claman. kelly: charles, thank you. bulls are letting their foot off the

liz claman would agree.rm hilary is heading straight towards texas and a slow august afternoon translates to hyper speed moves in the bond market

liz claman, those are my twoen cents. a wild ride.

good thing liz claman is back. liz, i'm buckled up. liz: yeah, and you got to stay there because we are seeing losses, chars, as i know you've within watching. acrel late into the final -- accelerate heading into the final hour of trading and we're getting pitches downgrade of the credit rating from wharton economist jeremy seeing and will he's joining us in a fox business exclusive in his first interview since pitch stripped the u.s. of the triple-a rating after the bell yesterday. is the market underplaying it? should you pay more attention to it or does he agree with former pressure reigns leading secretary larry summer's assessesment that the downgrade is bizarre and inept? those are larry summer's words. we are getting reaction to it now from current treasury secretary janet yellen speaking in virginia with 59 minutes left to trade, the markets are waking umm perhaps to the realization that this downgrade might have a bit more left to it than thought. dow jones industrials down 314 popoints and you can see as wel. the s&p 500 is o

with that in mind i'm going to hand you over a little bit early to my colleague liz claman, i think youit a minute. [laughter] liz: elderly have the wisdom in the experience it more often they have money than the younger ones. thank you very much charles we do need to begin with the fox business alert and we will get you more from florida's gulf coast in just a few minutes. we are nine hours away from tampa international airport closing to all commercial operations, here is why, you're looking at the current radar of tropical storm idalia. it's 80 miles south of the western tip of cuba and the national hurricane center latest forecast calls for the storm to

right now i hand it over to liz claman. it's six figures to buy a single share.

liz claman, over to you. liz: yeah.wo major stories we're following as we kick off the final hour of trade. stocks on track for their fourth straight day of gains.

meanwhile, i'm give the show to ashley webster in for liz claman. to get back to your advice, just are relax, chill out. the prices will come down. i love it. charles: there you go.

my colleague, liz claman. liz: you have to pick read on the wheel. charles: you got it.

liz claman, unfortunately, you may need it today.ter feed. [laughter] and you're, like, there this in vegas with poll carry. i want to play. charles: yeah, yeah. [laughter] we're doing okay. liz: safe journey back.

liz claman, i hand it over to you because this last hour, i think, is going to be pretty, pretty wilderent directions for our viewers, charles. we have two major breaking stories we're following as we kick off the final hour of trade. ing a day after stocks plummeted in the wake of tha

s&p a little too close to call that will do it for "the claman countdown."" -- larry: ♪. hello folk

good thing liz claman is back. liz, i'm buckled up.e are seeing losses, chars, as i know you've within watching. acrel late into the final -- accelerate heading into the final hour of trading and we're getting pitches downgrade of the credit rating from wharton economist jeremy seeing and will he's joini

i have to hand it over to my colleague liz claman.y hi to some your friends? liz: i like the encore tower suites

a little bit of interesting sledding as i hand it over to liz claman. it lookses like we can't

liz claman, back to how yo. liz: plastic cassio watch, digital, 1978. let's wear it. it's