liz claman, you're from the golden state. you know what i'm talking about. liz: i am but i'm a diff tay of evs and i don't have to go to the gas station, it's awesome. i'm telling you, charles. charles: you can afford it but the other people paying all the money, it's devastating. liz: price haves got to come down. charles: we can't keep making gas -- we need to use the gasoline and make it cheap and one day everybody can afford a tesla. liz: we'll talk about that transition and how long it should take according to one of the greenest guys on wall street, that would be larry fink in just a moment. charles, before we get to the markets and all that's breaking as far as the markets are concerned, we want to take our viewers live to buckingham palace in london where darkness has fallen in more ways than one. crowds are grieving and they're amassing outside the gates of the majestic palace of queen elizabeth ii, britain's longest reigning monarch and word came at 1:26 p.m. central time that she had passed. she was surrounding by her family including eldest son ch

nobody better to hold your hand over the next hour than liz claman. liz: charles, you know what i was realizing in wednesday, our two-hour block, could very well be the most important two hours of the year so far for investors. charles: i think you're right. i think you're 100% right. liz: set the d the vr now -- dvr or if you're old school, vcr. countdown clock to wednesday, 2-4 p.m. western -- eastern, has officially started until the federal reserve not only announces by how much it has decided to hike interest rates, and,,s yes, we're pretty safe saying hike because fed fund futures right now show a 100% probability of at least 75 points, but investors will also get the freshest economic road map from the fed caring dogger ifs. so -- around dogger ifs. we are looking at -- cartographers. dow jones industrials up 20, the s&p up 3, the nasdaq better by 22, russell up 6. so a rare moment today where all of the majors have been in the green. it's kind of been mixed. and it's not so much that the pointslations have been so wide, i mean, the dow has endu

luckily you got liz claman and she'll walk you through it step by step. liz: yeah, charles, as we kick off the final hour of trade on this friday, there's a really surprising thing about how stocks are moving right now. it's not that investors are buying. it's that they're not fleeing even after this: christopher waller, a voting member of the federal reserve and he's a decider with rate increases said at a speech in germany around noon eastern time he supports another "significant rate hike in two weeks". here's why. >> i welcome promising news about inflation. i don't yet see convincing evidence that it is moving meaningfully and persistently down along a trajectory to reach a 2% target. i expect getting inflation to fall meaningfully and persistently along the 2% target will require increases in the target range for the federal funds range till early next year. liz: he's hunting for signs that inflation is calming down. he doesn't see them yet. our fed tea leaf reader edward lawrence said that's the longest time frame he's heard from any fed member abou

everyone else, hang tough as i hand it over to liz claman. liz: charles, thank you very much. charles referenced the message we're hearing where the market is sending a very specific message to investors as we kickoff the final hour of trade. okay, this mixed picture that you see right now with the dow jones industrials down 107 points, blanking out its earlier 171 point gain. s&p down 5 points, nasdaq is the one green spot up 20 points. this shows just perhaps how damaging yesterday's stock route was to near term investor psychology. triggered of course by hotter than expected consumer inflation data. stocks endured the worst selloff yesterday in two years, one that slashed close to 1300 points off the dow jones industrials. 177 points off the s&p yesterday, 632 points off the nasdaq. today's moves are doing little, if anything, to re-race any of that damage. the -- erase any of that damage. the follow up to the cpi yesterday came in this morning, a bit more palatable. unlike the cpi, year over year headline print for august ppi. producer price index, inflation at manufacturi

charles: throw charles: one day all of this will turn around; right, liz claman? liz: not bet against great american stocks and american companies behind them. charles: i agree. liz: today is tough. it's not just risk assets getting absolutely pounded at this hour, it's just about everything except maybe betz on volatility but let's start with the nasdaq here. we know that there is red across the screen. this is the biggest percentage drop at the moment. we do have it down 3.7%. the nasdaq is falling 416 points. so it has all been more than wiped out what we saw yesterday, which was a gain of 222. looking at volatility entropical depression, the vix -- index, the vix, there's fear in the market up 9% at the moment above 30, that's sort of been that level that people watch. we do have the cboe volatility fear index at 32.89 at the moment. now, if we turn our attention to a different kind of risk and real problem and fear, it's the destination across florida fr from -- desimation is the hurricane devastation in florida. it is expected to be a cat 1 later tonight beca

liz claman, over to you. liz: we have to work hard and make sacrifices?harles: in this world we do. not in the newfangled one. liz: i know you have because you were my guest on my podcast. it ain't easy. 13 times for this year. charles: but it's beautiful once you get there. liz: it's never really an end game. folk, set the stopwatch, t-one hour before closing trading for the month and perhaps the entire quarter. stocks right now, they're in the red. we've got the dow down 357, s&p lower by 33 and nasdaq down 82 and russell call it flat.

because this is the greatest money making machine any nonroyal had a chance to have access to; right, liz claman? liz: always. as we watch all of these numbers, i'm pretty surprised, chars, i don't know about you, but the key number at this hour is 4. it's the dow s&p and nasdaq closing higher, each will have strung together another bead on the win streak necklace making it four straight upside sessions. last time we saw that, early july so where is the optimism soming from as we kick off the final hour of trade? kind of everywhere. i mean, look at this, all 11 s&p sectors in the green just like back on friday. everything higher, the only difference is friday it was tech and consumer staples that led the charge. right now we have energy grabbing the spotlight followed by consumer cyclicals, healthcare and real estate. interesting. no doubt a weakening dollar is helping to improve the outlook for equities after a blistering run to a two decade high against the euro, yen, pound, sterling and greenback fever broke friday after the european central bank for the first time ever and really significant

liz claman, over to you. liz: well, i'm wearing the righa deep oberchene. life obsis too short to be unha. charles, thank you. we'll kick off the final hour of trade on this thursday afternoon by looking at second day of selling out of the past three sessions. at this hour, you can say the session is not exactly at a kind of trying to drink from a fire hose state. it's pretty orderly but the dow jones industrial is losing 102 points and tried to make a go of it in the green about an hour and a half ago. no so much now. we have s&p down 35 and nasdaq losing another 142 points and russell down 8 points but look where the s&p is right now. when i say right now, i mean the level. at 3,908, 3908, we're not all the way down to the june lows, which you see in the year-to-date picture but the s&p about 700 points lower than where it stood in march. even with the dow jones industrials trying to punch into the green, not quite making it but at the moment down just about 130 points or half a percent, the gravitational pull for much of the entire week has been to the d

liz claman, over to you. liz: we have to work hard and make sacrifices? charles: in this world we do. not in the newfangled one. liz: i know you have because you were my guest on my podcast. it ain't easy. 13 times for this year. charles: but it's beautiful once you get there. liz: it's never really an end game. folk, set the stopwatch, t-one hour before closing trading for the month and perhaps the entire quarter. stocks right now, they're in the red. we've got the dow down 357, s&p lower by 33 and nasdaq down 82 and russell call it flat. this inter-day picture and move it aside because it shows how much damage stocks sustained this quarter. if you indulge me. work backwards and nasdaq taken an outside hit and quarter to date, it has seen a less hefty 3% sliced-off. it does get work from here. third quarter painful for the s&p that began q3 with a bang. rallying more than 13% before pulling a 180 plumbing 2020 lows and now looks to close out the quarter with a 4.6% loss. the s&p, that was already in a bear market but this rate the bears dug deep enough i

liz claman, over to you. liz: charles, the dow just hit a new session high while you were talking, 474 points to the upside. charles: we needed it. liz: just like that sign says, making money, let's do it. fox market alerted, we do have the markets charging higher as headlines from multiple news realms hit the tape and the dow at 463 and s&p up 71 and ten out of eleven s&p sectors blooming bright green and tech showing the strongest leadership and inter-day on the nasdaq climbing much of the session and look around 12:40 p.m. eastern time, it started ramping up just as federal reserve vice chair lyle braynard made all kinds of tough on inflation comments, "we are in this for as long as it takes to get inflation down". coming up, the one line -- and that wasn't it, the one line that braynard uttered that may behind the rocket fuel juicing the markets now. from flying high to diving fast, got to look at oil. it is gushing and losing it is gushing power at this hour. in the reverse, we're in the after market sess

nobody better to hold your hand over the next hour than liz claman. block, could very well be the most important two hours of the year so far for investors. charles: i think you're right. i think you're 100% right. liz: set the d the vr now -- dvr or if you're old school, vcr. countdown clock to wednesday, 2-4 p.m. western -- eastern, has officially started until the federal reserve not only announces by how much it has decided to hike interest rates, and,,s yes, we're pretty safe saying hik

because this is the greatest money making machine any nonroyal had a chance to have access to; right, liz clamant the key number at this hour is 4. it's the dow s&p and nasdaq closing higher, each will have strung together another bead on the win streak necklace making it four straight upside sessions. last time we saw that, early july so where is the optimism soming from as we kick off the final hour of trade? kind of everywhere. i mean, look at this, all 11 s&p sectors in the green just like back on friday. everything higher, the only difference is friday it was tech and consumer staples that led the charge. right now we have energy grabbing the spotlight followed

everyone else, hang tough as i hand it over to liz claman. liz: charles, thank you very much.message to investors as we kickoff the final hour of trade. okay, this mixed picture that you see right now with the dow jones industrials down 107 points, blanking out its earlier 171 point gain. s&p down 5 points, nasdaq is the one green spot up 20 points. this shows just perhaps how damaging yesterday's stock route was to near term investor psychology. triggered of course by hotter than expected consumer inflation data. stocks

charles: throw charles: one day all of this will turn around; right, liz claman? n companies behind them. charles: i agree. liz: today is tough. it's not just risk assets getting absolutely pounded at this hour, it's just about everything except maybe betz on volatility but let's start with the nasdaq here. we know that there is red across the screen. this is the biggest percentage drop at the moment. we do have it down 3.7%. the nasdaq is falling 416 points. so it has all been more than wiped out what we saw yesterday, which was a gain of 222. looking at volatility entropical depression, the vix -- index, the vix, there's fear in the market up 9% at the moment above 30, that's sort of been that level that people watch.

liz claman, over to you. liz: empathy economics, i had not heard of that. our empathy is with the state of florida, charles. charles: absolutely. liz: mother nature's wrath gripping the nation kicking off the final hour of trade. look on your screen, hurricane ian that beast still has not made specific landfall but could do so any moment now. we have our eye on the storm and on wall street as the dow and s&p look to snap six day losing streaks even as hurricane ian inches closer to landfall on florida's gulf coast. let us get you where we stand at this hour. category 4 storm expected to make landfall at any moment just off the shore of ft. meyers. it is apparently moving 9 miles per hour with maximum sustained winds of 155 miles per hour. that is of course just two miles per hour below what would be a category 5 status hurricane. the worst on the list they have. florida authorities warning citizens to now shelter in place. it is too late to try and make a run to evacwait. time for evacuations in the rear-view mirror. catastrophic storm surge and flooding al

jay powell still speaking and i'll hand over to liz claman and she'll take you through the next hour. liz: thank you, charles. the fed raises interest rates by 75 basis points and jay powell bluntly stated no grounds for kansas city chiefs play makers san seizure disorders for inflation and -- complacency and markets took off when a pause in the upper trajectory is taking points and let's go back to the federal reserve. >> if woe were to fail to do that, that would be the thing that would be most painful for the people that we serve so for now, that has to be our overarching focus and you see that in the sep and level of rates we'll be moving to recently quickly assuming things turn out roughly in line with the sep. that's how we think about it. >> thank you, mr. chairman. i wanted to ask you a couple of direct questions for the american people. do the odds now favor given where you are and where you're going with interest rates, favor a recession? 4.4% unemployment is about 1.3 million jobs, is that acceptable job loss? and then given that the data you look at is back ward looking an

liz claman, she's here. i feel better already, liz. liz: lord help the world if we're depending on my sanity. thank you, charles. it is great to be back. we start with a fox market alert, folks. after three straight weeks of losses, wall street kicking off the final hour of trade in the red. take a look at dow jones industrials down 183, nasdaq down 82 and russell is the lost leader here as far as percentages down just under 1% or 16 points. you know, you wouldn't call the action up till this moment as really dramatic whip saw. it's like chop. look at inter-day of s&p. it opened higher. it topped out at,942 and s&p dropped to a low of 3886 and the inter-day picture shows that as we can see at the moment we have the s&p down about 15 points. back forth, up and down, all around. now as investors navigate wilder headlines than s&p's 55 point swing we lies, we need to look at ten year yield spiking to highest level since mid june. back on friday, august 19th, that was a week to the day before fed chief jay powell bluntly warned in the jack

and in new york, liz claman. the media left and right harshly critical of lindsay graham.oth parties pushing this bill. it has no chance of passing six weeks before the midterm. >> one thing i do think is interesting about this coverage is how it sweeps aside the fact that when you actually pull on this issue, lindsay graham's proposal is not a radical proposal, it is in the center of american discourse. it is roughly around the point where americans really are in terms of what they think should be the policy. the objection, i think from the right is largely driven by the fact that federal officials want to skate by this issue. for a lot of political reasons. they do not want to talk about it in the campaign. they view it as taking away from the different points they want to emphasize on the economy, on inflation. all of these other concerns that they think should take it. it is really where the objections are coming from on the right. >> calling the senators bill cruel because it would have ill effect on red states that have already banned or will be an abortion. it would

liz claman, over to you. >> you're looking at the fall of the market and after the bell they released a dismal warning? that was a week ago that sent the markets into a selling frenzy. fedex dropping 21% that day, worst day ever for the stock but this is strange. for the chipping giant just released first quarter earnings moments ago and scheduled to release after the bell. maybe this is some type of unexpected release here. look at pop intraday. what's going on? fedex quarterly revenue rose 5.5% to $23.2 billion, adjusted eps came in at $3.44 per share. that's in line with last week's preannouncement. but the one week picture is still horrifying obviously but we're going to try and figure out exactly was it a fat fingered trade or release? sometimes this happens but earnings usually come out before the bell or after the bell. can we show the dow? it just turned positive after being negative for pretty much all of the session. right now the dow punched into positive territory but it's been pretty red all session long. we have it standing at 30,190. please note that means we're 190 poi

liz claman, over to you. liz: well, i'm wearing the righa deep oberchene.l kick off the final hour of trade on this thursday afternoon by looking at second day of selling out of the past three sessions. at this hour, you can say the session is not exactly at a kind of trying to drink from a fire hose state. it's pretty orderly but the dow jones industrial is losing 102 points and tried to make a go of it in the green about an hour and a half ago. no so much now. we have s&p down 35 and nasdaq

liz claman, over to you. liz: empathy economics, i had not heard of that.s: absolutely. liz: mother nature's wrath gripping the nation kicking off the final hour of trade. look on your screen, hurricane ian that beast still has not made specific landfall but could do so any moment now. we have our eye on the storm and on wall street as the dow and s&p look to snap six day losing streaks even as hurricane ian inches closer to landfall on florida's gulf coast. let us get you where we stand at this hour. category 4 storm expected to make landfall at any moment just off th

liz claman, it's a trivia question i'm giving you already. liz: charles, i know we've been watching the stock market making new fresh session lows, did you see oil? i mean, stock market may be nose diving but crude is below $79 a barrel and we stand at $78.77. what do you think is -- this is clearly recession, charles. charles: this is 100% recession. the energy sector is 7 and crude is broken down and britt is falling apart. this is global recession, global recession, global recession, and it's taking a toll on what was looking like one of the safest bets out there that the rebound in oil seemed a given, china was closed down, you're starting to pump money around the world it. felt like it was a given and maybe it still is but today that's a serious shock right there. liz: yeah, and folks, it is below where it was before russia's invasion of ukraine. $78.72 in the after market. folks, you can interpret that as, yes, as charles said, fears the economy will slow so dramatically that energy demand will dry up. let's get to the stock market on th

liz claman, over to you. points to the upside. charles: we needed it. liz: just like that sign says, making money, let's do it. fox market alerted, we do have the markets charging higher as headlines from multiple news realms hit the tape and the dow at 463 and s&p up 71 and ten out of eleven s&p sectors blooming bright green and tech showing th

liz claman, i'm buckled up for this last hour of trading. liz: oh, buckle up and take your seats, everybody, the finale is the season kicking off and the 2017 right now we are in the top ten biggest point losses for the dow in history. the number to beat if you want to call it that is 1,063, we're at 1,067 right now. phones, withive got 59 president 5 -- folks, we've got 59.5 minutes left of straying. the dow well below 32,000, we're at 32,103 check out s&p and nasdaq, tech is getting hammered at the spector of more aggressive federal reserve spooks investors. we have the s&p down 149. it's really the nasdaq that is getting absolutely creamed here. down 545 points or 4.5%. down about, let's call it 4.5%, persistently high inflation has the wall street core singing the first notes of prediction that the fed could be forced to raise interest rates next week by not 75 basis points but 100 basis points. the nasdaq looking at worst day since june 16. this ugliness began the minute the august cpi was released showing inflation of the consumer level

liz claman, she's here. i feel better already, liz.charles. it is great to be back. we start with a fox market alert, folks. after three straight weeks of losses, wall street kicking off the final hour of trade in the red. take a look at dow jones industrials down 183, nasdaq down 82 and russell is the lost leader here as far as percentages down just under 1% or 16 points. you know, you wouldn't call the action up till this moment as really dramatic whip saw. it's like chop. look at inter-day of s&p. it opened higher. it topped out at,942 and s&p

liz claman, i'm buckled up for this last hour of trading. re in the top ten biggest point losses for the dow in history. the number to beat if you want to call it that is 1,063, we're at 1,067 right now. phones, withive got 59 president 5 -- folks, we've got

luckily you got liz claman and she'll walk you through it step by step. really surprising thing about how stocks are moving right now. it's not that investors are buying. it's that they're not fleeing even after this: christopher waller, a voting member of the federal reserve and he's a decider with rate increases said at a speech in germany around noon eastern time he supports another "significant rate hike in two weeks". here's why. >> i welcome promising news about inflation. i don't yet see convincing evidence that it is moving meaningfully and persistently down along a trajectory to reach a 2% target.

liz claman, you're from the golden state. you know what i'm talking about. on, it's awesome. i'm telling you, charles. charles: you can afford it but the other people paying all the money, it's devastating. liz: price haves got to come down. charles: we can't keep making gas -- we need to use the gasoline and make it cheap and one day everybody can afford a tesla. liz: we'll talk about that transition and how long it should take according to one of the greenest guys on wall street, that would be larry fink in just a moment. charles, before we get to the markets and all that's bre

liz claman's going to be back. we'll see if she can bring the markets back.sorry, had some technical difficulties with you in the age of skype. this is how it goes. but you were talking about the business and some of the pressures that you're facing. we don't have a lot of time, but i do want to say what does the road ahead look for you? how do you think you can actually bring the stock back, give investors some a payback,you will, the ones that own the stock? >> thank you, cheryl. apologize for that. we've really doubled the size of our company in the last couple of years, and we significantly grew our customer file, our product offerings, combination of organic developments as well as through acquisitions of companies like personalization mall and bridal choice and harry and david over the years, of course. and then we've grown our celebrations passport membership program giving us great customer metrics. so as we look to the future, we're very well positioned to regain the growth rate and mitigate the cost pressure. cheryl: as far as, as far as inflation,

cheryl casone in for liz claman. cheryl, the last hour of trading is nuts. we're buckled up. cheryl: first of september is rough month historically. maybe it changes today. i will give it my best shot. that is the market alert we begin with right now. not such a bad start to september, after beginning the day looking like we would end all three indexes lower. the dow is holding on to gains right now. s&p, had flatten ad few moments ago. now we're down by 11 points. dow higher by 17. nasdaq still down by 123. as for the nasdaq, this is the longest losing streak we've seen for the nasdaq since february of this year. so yes, the first day of september trading, taking the index tumbling towards correction territory. if the nasdaq closes below 11,815 points, it is officially in correction territory. so we may likely get that investors have been bracing for a shaky september. the month is historically bad for equities, and the worst for the s&p 500. the index falling is 1.03%. for the month of september. the dow, after being down 299 1 points at some point today, completely hoe rev

liz claman, over to you. >> you're looking at the fall of the market and after the bell they released for the stock but this is strange. for the chipping giant just released first quarter earnings moments ago and scheduled to release after the bell. maybe this is some typ

cheryl casone in for liz claman. cheryl, the last hour of trading is nuts. we're buckled up.will give it my best shot. that is the market alert we begin with right now. not such a bad start to september, after beginning the day looking like we would end all three indexes lower. the dow is holding on to gains right now. s&p, had flatten ad few moments ago. now we're down by 11 points. dow higher by 17. nasdaq still down by 123. as for the nasdaq, this is the longest losing streak we've seen for the nasdaq since february of this year. so

jay powell still speaking and i'll hand over to liz claman and she'll take you through the next hour. liz: thank you, charles. the fed raises interest rates by 75 basis points and jay powell bluntly stated no grounds for kansas city chiefs play makers san seizure disorders for inflation and -- complacency and markets took off when a pause in the upper trajectory is taking points and let's go back to the federal reserve. >> if woe were to fail to do that, that would be the thing that would be most painful for the people that we serve so for now, that has to be our overarching focus and you see that in the sep and level of rates we'll be moving to recently quickly assuming things turn out roughly in line with the sep. that's how we think about it

liz claman, it's a trivia question i'm giving you already. oil? i mean, stock market may be nose diving but crude is below $79 a barrel and we stand at $78.77. what do you think is -- this is clearly recession, charles. charles: this is 100% recession. the energy sector is 7 and crude is broken down and britt is falling apart. this is global recession, global recession, global recession, and it's taking a toll on what was looking like one of the safest bets out there that the rebound in oil seemed