joining us is satori fund founder dan niles. it's good to talk to you.u're very transparent on twitter about what you're doing because it sounds like you were buying yesterday, ight, going net long? >> yeah. well, the day before yesterday we went ahead and covered most of our shorts. and our feeling was, if you go back through our posts, we thought oil was probably peaking out. we thought that would drive yields lower. that environment where you've gotten such oversold conditions in different sectors, not all of them, we thought that was a good opportunity. one of the sectors we bought a lot of was the russell 2000 type stocks. those were down 22% last year, down another 22% year-to-date this year. they don't have the same dollar exposure that the s&p 500 has or the magnificent seven. so, that's kind of what we're investing and going into earnings season. we're short-term bullish but make no mistake, we're long-term bearish because of the three bears we see on the horizon. that's how we're viewing things. >> just first on the short-term call, since you a

nobody knows better than dan niles. but first, christmas might be coming early. y's supposed to start today. can you feel it? michelle snyder, dan green houston here to take us through what could be a pretty tough holiday season next. ♪ ♪ ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ♪ my name is josh sanabria and i am the owner at isla veterinary boutique hospital. i was 5...6 years of age and i knew i was going to be a vet. once alexandra called me to let me know that bank of america had approved my loan... it was important to me. we not only just provide the financing piece, we do everything that we can to surround them with the right people. all you need is a perfect,

dan niles is here in a first on fox business interview. dan, clarify here.is, right? >> you like the stock. >> yeah, i like the stock because you're getting good, solid growth for a reasonable valuation, just a couple of points above the s&p 500 multiple. rain, you know, this all come -- and, you know, this all comes about because the e.u. fine them about $1.3 billion back in may for sending user information outside the e.u. to the u.s. so, you know it's funny, like, people think you should be able to get a service for free and not pay for it and, obviously, meta's a business. they sell ads to support your getting it for free. i'm sure there's going to be some middle ground struck here, so i'm not that concerned about it. and they're using a.i. very well, as you said, liz, to place ads properly and also to recommend videos to you. so i think they're in pretty good shape. liz: yes. and it would be $10-14 a month, but we shall see. it's not coming to the u.s. at least right now, although it feels like one of those fishing expeditions to see, like a trial ballo

joining us is dan niles founder and senior portfolio manager at the sat tory fund.more time. i thought interest rates rising, that these were the most vulnerable. we now know multiple contraction might take the back seat to just chugging along with earnings. >> you're absolutely right. it comes down to stock prices are multiples times earnings. i think what's going to get tricky, though, is earnings season coming up. if you look at the magnificent seven and look at them compared to the overall stock market, you look at the russell 2000. it's about 20% of their revenues comes from outside the u.s. for the s&p 500, that number is closer to 30%. the magnificent seven is 53%. the reason that matters is the dollar has gone up about 6% since mid july which is when most of these companies guided. that's a pretty big headwind to the fourth quarter guidance or looking into next year. then on top of that, actually, oil going up impacts some of them as well. that's, to your point, joe, i think earnings, that's where actually majority of this risk lies as you think about q4 and

tomorrow super analyst dan niles. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.

tomorrow super analyst dan niles. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.ll right, right at the top, a crazy judge and a socialist state attorney general trying to take donald trump's businesses away from him. even by new york standards this is an out of sight interplanetary assault on a, private property, b, the u.s. constitution, and c donald trump. now the latter is leading the gop primary field by more or less 50 percentage points and he is running ahead of joe biden for the presidency by five to 10 points. so the socialists who are absolutely terrified by a trump victory are now working to put him in jail for 750 years, take all of his assets away and all of his businesses. am i simplifying? i don't think so. the state ag, letitia james, she ran against trump in her election even though he was not on the ballot, and so did the new york prosecutor alvin bragg. they were working on legal attacks even before they took office. no evidence needed of course. now they foisted these injustices against the former president in real time, probably trying to tie h

sullivan right now on "last call", the not so magnificent seven the markets as biggest players, dan nile on what comes next >>> ford hits the break. can the new deal lift i fortune? we have the reaction >>> should strikers get unemployment benefits? a controversial bill in congress gains momentum >>> a wild day in cord for sam bankman-fried, setting t

sa satori funds dan niles is with us. >>> wells fargo's head of fixed income weighs in on higher rates the hour with the activity in the bond market, which continues to dominate sentiment for stocks, which are selling off and the momentum is fading fast here. s&p down

well, joe biden, and his c nile mind is backing it up, dan. yeah, well, and i, you know, joe, by, you know, the, i need to be investigated by the international criminal court. they both should be in a um, you know, a lot of us are watching this. it's hard to get through the day without crying and seeing the baby's being killed and knowing that my tax dollars are helping pay for all this i'm specialist at times. this is the i want to, i want to speak for all of us and our viewers. i've seen countless hours of i can't watch it anymore. i. it is so disturbing and i don't know it should disturbance solve it. we're watching ethnic cleansing in real time. so when, when you see that bomb go up, you know that 2nd people were killed. you can see you were, you know, boy years of a tragedy. it is really morbid and that's what i think that is very indicative of western culture. we can sit and watch the ethnic cleansing of an entire group of people eating popcorn. all right, let me get a little emotional here gentlemen, i'm going to jump in here. we're goi