david bahnsen has brought with him a couple of dividend picks. k you've gone back to your old favorite, chevron, david. >> well, the issue with chef chevron is that the energy sector is very healthy right now, and the stock is still offering a 4.5% dividend. they're going to to to close on their buy of his. they -- hess. they bought mobil drilling during the covid moment, so they've picked up a ton of market share, and we think it's still underpriced so, you're right, we've been longtime holders, we will be for years to come. stuart: gilead sciences, i know you like 'em. >> we sure do. i just want to point out it's the leading biotech company when it comes to hiv treatment. they have a huge market presence in hiv, and they've added a lot in oncology. you get over a 4% dividend yield, they're growing it like crazy. this is just a really impressive name that i don't think the price reflects how good of a company it is. stuart: all right, david, we'll take it. david bahnsen, everyone. see you again real soon. >>> we just got a read on home prices. a

ing us to explain it, david bahnsen, managing partner at bahnsen group. dear friend.housand volatile on weekly unemployment claims? >> no. larry: can't be, with all due respect. >> you know what it isn't? it isn't kamala harris, isn't all the different theories. 1.3% is what the dow is down. you know why the dow can go down 1.3%? because you and i sneezed. it doesn't count. we've gotten spoiled. we're a little deceiving on the numbers. we say 1000 points. that is 2% now. 1000 points used to be 10%. larry: what is happening? >> look the monday thing, again carry trade deal people were bored hearing about is going on. don't have the worst day in the nikkei one day and best day in nikkei ever unless something is technical. they had a leveraged deal. they got broken up. the big tech stuff is expensive. the dow is barely down at all. we've been talking on your radio show. value is doing fine. dividends are doing fine. energy is doing fine. larry: interest rates bounced back up today? >> 10-year back up to 4%. still 70 basis points lower than it was a few months ago t got t

larry: david bahnsen thank you, sir. >> thank you.arry: people don't understand, sometimes i don't. anyway on kudlow. tax cuts win elections, i understand that. tax hikes lose them. we'll talk about it with kevin h hassett when kudlow returns, thank you. things will go wrong for your customers. but your business can make it right, with watsonx assistant. ai that can help resolve problems by understanding your customer requests with 90 percent accuracy. let's create customer service in service of customers, with watsonx assistant. ibm. let's create. (marci) so, how long have you lived here? (opponent) over forty years. (marci) and how are the restaurants around here? are they good, bad, meh? what's the average household income? is there a mall? i don't know. a hair salon? where do you get your hair done? (opponent) you gonna move, or what? (marci) oh, i'm sorry. it's a lovely neighborhood. (luke) marci, we've gotta go. (marci) i'm coming! (luke) we've got seventeen thousand more parks to visit. (marci) you wanna give me a hand? (luke)

david bahnsen's still with me. we're up 250 only the -- on the dow.40. this is all on the back of cooling inflation. is that it? >> well, i don't think so because there was quite a lag between the ppi number coming out and when futures started moving higher, so it could be a number of things. and this is something we talk about a lot, markets don't need a real clear reason to move up 1%. stuart: if we get good news on the cpi tomorrow -- >> which we will. stuart: we will? >> interest rates are already priced in. stuart: could this market be off to the races? >> it's sheriff very expensive -- it's sheriff very expensive, stuart, i know you want it, but we were very overpriced mt. nasdaq, so i think a lott of cooling off had to happen. i think we run in place for a while. the nasdaq is up3 % per year over the last 10 years. stuart: that's it? >> that's what a range-bound market does. it makes you feel like you're going higher. stuart: all i want to do is get excited about the rally -- >> don't you get excited about the truth? stuart: the? careful, son,

stuart: we hear that, david bahnsen with me now, good to have you on the show, do you blame the fed forello? >> no not at all. at the end of the day this is stuff i've talked to you about for almost a year that there was an evaluation access and things got way ahead of themselves. the fed is behind the eight ball there's no question that they waited too long in inflation expectations have collapsed, this morning the tip spreads are at 1.9% over the next five years the fed should be cutting but at the end of the day you could not have the big tech big growth sector this is largely a nasdaq collapse as those evaluations. it has to self-correct that is behind this. i think it's very ironic that investors have waited for the fed to cut now they make clear that they're doing it in markets drop like this. stuart: addressed our viewers, what should investors do? >> it depends on how they're invested. i think viewers were largely overdone and big cap tech audit change the portfolio. i think that's been a.i. -induced bubble and is likely going to have to play out to get to some point of normalcy

david bahnsen, ceo at the bahnsen group. let's go to the earning story. uber reporting story -- earnings this morning. bringing in nancy who covers the gig economy platforms. it's basically everything that runs through the uber platform apart from the tips, but within that there are loads of stories. natalie: from rideshare delivery, user frequency as well as driver activity on the platform is that it all-time high. this resulted showing how uber's strategy of pushing into new areas playing out well for them. they launch affordable options such as shadows -- and low cost share rides. that is contributed to the countercyclical story the ceo talked about on their call whether they are causing some downturn. ed: natalie all across uber and a lot more to come in that space. that will give us a bigger picture of the strength in that market. coming up on this program we are joined by the cto of palantir discussing the company's earnings released after the closing bell monday. one of the big movers to the upside. commercial customers, military customers, governm

david bahnsen joining us this morning. vid, the market doesn't seem to care about harris and her policies. it's rallying despite her lead in the polls. what say you on this? >> you know, stuart, i've talked about this a few times. it really is important people realize that the market is not going to care in august, september, it's too close of an election. we're not going to know until november, and the senate matters. i really believe republicans have a good chance to take the majority in the senate. they have to win that montana race. that's the best chance for them to get a majority but let's say that vice president harris does become the next president. none of these policies she's talking about are ever going to become law. markets have to respond to what will be happening legislatively, so, the divided government scenario that we've had most of my adult life, markets don't mind that as much. stuart: would you say that the market at this moment is more motivated by interest rate cuts at the fed than by the election or

spending and maybe more inflation if according to some folks including investor and author the david bahnsenhere's what he says. giving people $25,000 to buy a home does not make a home price cheaper, it makes a home cost, welsh about $25,000 -- well, about $25 the ,000 more. he points out the housing affordability crisis is on the supply side, feeding more demand with increased deficit spend, he says, is the opposite of what this situation calls for. and at his press conference last night, former president trump said he'll tackle the housing crisis by opening up federal lands to build houses, getting rid of unnecessary regulations and improving supply chains. and, by the way, liz, the harris proposal also includes opening up federal lands, so maybe some bipartisan support there although republicans are blasting the rest of it. liz? elizabeth: thank you, grady trimble. okay, let's welcome to the show the ceo of american majority, ned ryan, and we're welcoming back kevin hassett. thank, gentlemen, both. ned, your reaction to that new agenda of harris.>> well, appart going to address what caus