over to you. >> thank you so much i am cheryl casone and i am in for liz claman today.f the fin

over to you. >> thank you so much i am cheryl casone and i am in for liz claman today. we have some breaking news as we kick off the final hour of trade right now. microsoft shares hitting all-time highs admitted game of musical chairs within the tech giants crucial a.i. partner open a.i. chat gpt ousted ceo sam altman late friday after the board said it no longer had confidence in altman's ability to continue leading the company. open a.i. chief technology officer was briefly appointed interim ceo before they replace quickly by twitch ceo emmett scheer the drama with the shocking twist thanks to microsoft ceo satya nadella announcing sam altman and greg brockman are joining microsoft word advanced a.i. research team, this comes as hundreds of open a.i. employees and potential customers are threatening to leave. unless altman is reinstated as the ceo, did you catch all that it's been a lot. in case you did not we have team coverage of all of this developing story right now, fox business correspondent susan li is with me and the group ceo daniel newman, both of them stan

no one better to help than liz claman. liz: i'm thinking about how none of the ceos was led away in handcuffs. without admitting guilt, the company will pay x amount of money. thank you very much. the dow, s&p and nasdaq are 59 minutes from closing the best week in a year. the wrestlers on pace to clock its first winning week out of 5. we kick off the final hour of trade, one week after both the s&p and the nasdaq fell into correction territory down 10% from recent highs, they've both come roaring back to their 200 day moving average which is a key indicator to determine overall market trends. this week the s&p is up 6%, the dow is bringing up the rear 5.2%. pops in the majors at this moment, drawn by the october jobs report showed 150,000 jobs created during the month missing the 180,000 jobs expected and the unemployment rate slightly higher than 3.9%. both these pictures settle better signal and orderly economic slowdown, not so orderly the yield on the 10 year as recently as october 23rd, poked its 23, poked its head ab

liz claman. liz: folks, breaking news. if you own stocks, one final hour of what you can't miss. balls of every color stampeding toward the finish line, mega check, real estate, utilities and thanks to home depot's earnings, retail coming along. it is charging higher by 6.4% or $18 giving blue chips a hoist to the sky and speaking of blue chips look at the dow jones industrials, we have a game up 554 points, the dow was on pace for its tenth update out of the last 12 and this is a big move. we cannot ignore the move, look at the russell 2000 jumping ahead of the pack as far as percentages are concerned. you rarely see a point game like this. the russell right now up 82 points. 82 points, a gain of nearly 5%. far and away the biggest percentage winner followed by the nasdaq having an epic session, more than poised to exit correction territory which entered october 25th. nasdaq up 330 points, all it needs to close higher by is 87 points to exit that correction territory. no doubt about it, it is out. why the big bull run? the october consumer inflation out this morning just last mo

liz claman. liz: it is hard these days. charles: it is hard with everything going in the world but got to be optimistic that it will get better and that is one of the reasons. liz: grounds are going to win. all on a minute. thank you very much. what a week to remember as we kick off a final hour of trade, stocks on pace for another weekly game. the past 5 days have been very good. the s&p and nasdaq looked who rise about 2.5% for the nasdaq but look at the russell and transports, skyrocketing earlier they were much higher, both up 7%. 51/3% is not bad for the russell and transports of 3.5%. we are going to get to the markets but breaking news in a fox business alert. another company has pulled all advertising for elon musk's social media platform, apple has now pulled its ads, shares are slightly higher, after ibm yanked its advertising from x, ibm adds new -- pro-nazi content. the apple report hit the tape 11 minutes ago that apple is pulling its advertising. an hour ago, lions gate, suspended all advertising on the social

also, folks, here's liz claman. liz: yeah. we are just 20 points off the high of the session for the dow, very big rally here. charles, i do want to just start with some breaking news, the jury in the crypto fraud trial of sam bankman bankman-fried is getting instructions from judge. lou:s kaplan right now. after he is done, the jury will begin deliberations. the judge has ordered the jury to stay tonight until at least 8:15 p.m. eastern which means a verdict could come sometime before then. coming up, fameed defense attorney robert shapiro is here live to the talk about the odds of the one-time crypto billionaire and whether he can escape a guilty verdict or whether the evidence is just too overwhelming. let us right now get to the markets. it's a post-fed apparently -- party. the major indices are all enjoying quite a boost by the bulls. the dow right now is adding 0 -- 504 points. yesterday it gains 221 points after fed chief jay powell and company not only declined to raise interest rates at its policy meeting, but concede

heading over to liz claman for the last hour of training this week. liz: a bunch of business stars, we will introduce you to all of them. a day after the nasdaq surrendered it has covered up those losses and more. the nasdaq up 252 points, one. 8%. investors woke up on the risk on side of the bed across the board and you see it as we kick off the final hour of trading. wall street turned into a giant eraser to blank out yesterday's losses. put in a 2 day chart, and by one. 3% this is very much a tech lead rally. look at the leaders here. the top of the leadership board, that is a health imaging company. every other name going 8 more down, chip or chip related stocks. k la heading a 52-week high, 530 and $0.96. and microchip is in there. it's amazing to see risk on for the chips. after a 220 drop yesterday the dow is killing it up 312 points propelled by the blue chip tech name and they include intel, a chipmaker, microsoft seeing a gain of 2.4% and we have cat, apple and salesforce following but if you head south to the lower part of it, the big winner

liz claman. liz: it is hard these days.ot to be optimistic that it will get better and that is one of the reasons

liz claman. liz: folks, breaking news. if you own

liz claman over to you, we have a dip in the dow. we 've not seen much happening with the numbers. liz: you are right. these influence moments looking at them closely and watching markets at the same time. those who are joining us. we begin with breaking news, the rainbow bridge at the us canada border. a car explosion is being investigated. as a terrorist attack to. the fbi is on the scene, tear experts on the scene, shortly before noon. two people in a car approached the new york checkpoint from the canada border, and and as they approached the border patrol building, the car exploded, the two people inside the car killed. a border patrol officer was injured and fox news reporting sources telling us explosives were found in the vehicle. all government buildings have been evacuated. senator chuck schumer of new york is closely watching the situation and will tweet out any news he is able to report. we will keep an eye on the situation and bring you any breaking developments as they happen. in the meantime, let us get to the markets, and we got to turn to the nasdaq. in and of itsel

with, that i send it over to you -- with that, i send it over to you, liz claman, welcome back. >> liz: lauren, thank you very much. good to see you. apparently 'tis the season to oust ceos. in one case reinstate them. just four days -- and this is all really developing within the last couple of hours. just four days after open ai visionary ceo sam altman was fired from the company behind chat gpt, he could be within days, maybe even hours of a triumphant return to the nonprofit. his surprise ouster on friday triggered a desperate situation that at this hour has nearly the entire workforce threatening to quit unless altman returns. bloomberg is reporting altman is in negotiations right now with at least one open ai board member to be reinstated. now, this is breaking news in the last couple of minutes. much worse for the founder and ceo, this afternoon the department of justice unsealed a sprawling criminal case against the crypto exchange which is the world's largest. criminal charges include conducting an unlicensed money transmitting business, conspiracy, and violating international

charles: all right, liz claman, over to you. liz: charles, it's election day. happy election day. charles: always. liz: if you don't vote, you can't complain. charles: that's true. you still will but you shouldn't. [laughter] liz: exactly. he knows me too well. the bulls are not complaining as we kick off the final hour of trade, especially if you're long the s&p and the nasdaq. let me show you the 2-week chart of the nasdaq. s it is a thing of beauty. the tech-heavy index is on pace for its eighth straight winning session, right now 134 points to 13,653. any gain at the close will mark the longest winning streak in two years. the s&p is right on its tail. the broader index is showing a 13-point gain and is climbing for its seventh day in a row. we also have not seen that from the s&p since 2021. now, if you look at the market internals, from 30,000 feet tech is at the top. but if you scrutinize the s&p leaders, it's pretty much a broad-based rally when you looked at each individual name. i mean, gen digital, it's a cyber safety solutions company, it had a quarterly revenue beat.

with, that i send it over to you -- with that, i send it over to you, liz claman, welcome back. >> lizos. in one case reinstate them. just four days -- and this is all really developing within the last couple of hours. just four days after ope

charles: all right, liz claman, over to you. liz: charles, it's election day. happy election day.can't complain.

charles: here is liz claman. 4.9% economic. he see the sucking of a flat line this is what team claman countdown calls the pre-cpi trade tomorrow we get the all-important monthly read on consumer inflation. after major weekly wins for the three majors not a surprise to see tentative trade. the nasdaq has been in the red most of the session while the others are popping up and down in the green. the nasdaq down 11 points, lower the session down 110, which come way back. the s&p this is interesting it is up-and-down up-and-down just under 1.0 jones industrials of 47 spit in the win column much of the day if not all of the day let's get to the heat map you want to see what happens when a company gets a 52 billion-dollar order, look at the top of the dow and boeing shares are our jumping 4.6% aerospace leader given the biggest lift to the dow the stock is up after emirates airlines putting a fresh order for 95 but when jets the dubai-based carrier was a mix of 777 and 787 dreamliner planes. for boeing there really helping same with

charles: would gotta leave it there, what i would say anybody out there, i'm looking for a friend, liz claman over to you. >> the fewer friends the less money you have to spend on presence. charles: so true. >> everybody put the credit card down and back away from the mouse, breaking cyber monday news that will give you a much clearer picture of the stock heavily depend on the consumer. these two retail stocks are hitting 52 week highs, while completely different the price action in amazon and buy now pay later company are sending and thus to a very important clue we're going to get you that and all the market news in just a moment but first breaking news in the last couple of minutes from israel where it's after 10:00 p.m., the idf is reported that 11 hostages are on their way to is really territory after being received by the red cross based on the truce agreement between hamas and israel this is an exchange for 33 palestinian prisoners including 30 minors and three women. 33 verses 11. video from last night show some of the 58 hostages hamas has released over the first three days over the

liz claman tax you new the last hour of trading. liz e les yeah, that is so true.ny polcari -- [laughter] charles: again! liz: they're so good at gauging the markets. we have a huge hour ahead with a lineup of bests to give you extremely impo

liz claman tax you new the last hour of trading. liz e les yeah, that is so true. you know who i have standing by here? your two buddies, joe lavorgna and kenny polcari -- [laughter] charles: again! liz: they're so good at gauging the markets. we have a huge hour ahead with a lineup of bests to give you extremely important insight on, quite frankly, the biggest stories occurring right now. number one, the rally, well, it's still up. for a second it was losing steam, but the bulls and bears have been in this pitched battle all day long. much of the action driven by four, and this is key, four voting members of the federal reserve who were out and about speaking on various top thetics all day today, but the markets initially seized on two of them. right now the dow jones industrials is up 95 points, but at the open you can see, the far left side of the intraday picture here, the dow dropped. not by much, but at 10:37 a.m. eastern time, you see that sharp spike p. it was the same if you look at the s&p and the nasdaq intraday. the reversal sent stocks into the green.

heading over to liz claman for the last hour of training this week. liz: a bunch o

all right, liz claman, that 30-year bond auction wasn't too good, and that kind of took the air off the this market. liz: that and fed chair jay powell making news in the last hour, charles. powell in the q&a hot seat at the international monetary fund research conference. stocks began falling, listen, they were already flirting with the bears during the session, but with you can see in the intraday pictures right where his opening remarks hit the tape, and that was 2 p.m. eastern. the headlines began moving with the fed chief reminding the world his mission is to douse the flames of inflation, and that while inflation has come down, he said it still remains well above the 2% target. so you have the dow down 233, the s&p down 37. and then the nasdaq down 135. perhaps the one line that gave the markets the biggest jump scare was this, powell said, quote, if it becomes appropriate to the tighten policy further -- meaning hike rates -- we will not hesitate. well, the 10-year yield almost immediately began extending its gains after closing at 4.50 yesterday. right now look at this, up 13 ba

larry: gerri, of course you're right on all point but rick rider, a very smart bond man was on liz claman'sjust before this show and he said be careful. long-term interest rates are going back up. i happen to agree with that because the treasury is going to sell $1.6 trillion worth of bonds in the next six months. the speaker mentioned that in our interview. this story is not over but you know the kudlow trust has done well this week. there you have it. >> glad to hear it. larry: gerri willis, best of the best, thank you ever so much. we'll switch gears, joining me now, kentucky congressman james comer chairman of the house oversight committee. we have ourselves of 40 grand going through bank account after bank account. mr. chairman, thank you for coming back on. this is so comelily indicated, llc after llc of after llc, lo and behold what started in china ends up in joe biden's bank account. if i have the story right. help us out please, mr. chairman come oner? >> you're exactly right, kudlow. that is what we call money londerring in the banking business. if you want to go to the very begi

all right, liz claman, that 30-year bond auction wasn't too good, and that kind of took the air off thethe last hour, charles. powell in the q&a hot seat at the international monetary fund research conference. stocks began falling, listen, they were alread

relatively small spread of people think one or two additional hikes so you're close to the -- liz: i'm liz claman and bond yields are falling and stock markets are rising and fields a barrage of reporter questions and one more rate hike by the end of the year? let's go back live to the november news conference to see what he says. >> monetary policy is restrictive and see its effectses on the inter-policy and that's how i think about it. >> in light of the runup of yields in the last few weeks, any consideration of the pace of your asset runoff program and judgment that the higher term premium was mandating the dual goals and slowing or qt or thinking of the technical questions of the reserves? >> community is not -- committee is not considering changing the base of balance sheet runoff and not considering that, and i know there's many candidate explanations for why rate haves been going up and qt is on that list, it may be play ago relatively small effect. all though i would say at $3.3 trillion in reserves, it's not -- i think it's hard tore make a case that reserves are even close to scarce at

charles: would gotta leave it there, what i would say anybody out there, i'm looking for a friend, liz claman less money you have to spend on presence. charles: so true. >> everybody put the credit card

liz: i did not make up the term grand law terry. [closing bell rings] shout out to former u.s. army combat reservists brad hurst, on the claman county downteam. all good things must come to an end -- larry: welcome to "kudlow," i'm larry kudlow. let's grit straight to our war coverage as the idf moves a deeper into gaza at this. edward lawrence and jeff paul standing by with a bunch of details on breaking stories. let's go first to jeff paul in tel aviv, israel. welcome back. what can you tell us tonight? >> reporter: larry israeli forces are showing no signs of slowing down. they continue to engage with hamas militants in and around northern gaza as they tighten their grip by the day in gaza city. as as a result, the idf is discovering and destroying tunnels used by amass fighters. they have destroyed 130 shafts. own the surface they killed key weapons maker during strikes. this is forcing more civilians from their homes in the north. tens of thousands this week were said to have taken advantage of the humanitarian corridor set up by israeli forces but very little progress has been made regarding more than 200 hostages taken

claman countdown" yesterday about the recent restrictive policy. >> we are seeing the fruits of that policy as inflation is coming down. we are in good shape for a soft landing. liz: the fresh gdp report signing with bullard reinforcing the story of a resilient economy, second read on third-quarter gdp showed up 5.2% level of growth versus estimates of 5%. last month, 4.9%. tomorrow we get the fed's favorite inflation gauge, the personal consumption expenditure number for october. that is the data that will give investors the best insight into central bank's next move. joining me, teddy weisberg, let's show everyone the top gainers as we kick off the final hour of trade. we are from different sectors. you've got software, salesforce, intel, technology, goldman sachs, american express, nike, retail, visa, credit cards. to we care to make a bet why the market seems to like everything if you look at the dow 30. >> the fact that the market likes everything is quite positive. we had other good markets, november has been a great month. we had the issue with the nasdaq, with a handful of stocks. the fact that the market strength in the market breadth has spread to other