i'm taylor riggs in for liz claman. there's no shortage of news today. look at this, the nasdaq, the s&p 500 all a aiming for records while president joe biden campaigns in wisconsin at any minute. you also have the deadly hurricane beryl causing chaos in the gulf while crypto stocks continue to fall. so, look, any gain today for the nasdaq and the s&p 500 will be a record. they are up for the if fourth day in a row. it will be the 34th record of the year for the s&p and the 24th record for the nasdaq. meta ceo mark zuckerberg, look at this video, celebrating the fourth of july by waving the american flag. he's drinking, wake surfing, and he's doing it all in a tuxedo. he's got a lot more to celebrated today as a well because big tech, meta, alphabet, apple, all of those leading the rally into new records. the big story though today, the june jobs report. the economy adding 206,000 job, but the unemployment rate is ticking up. president biden is touting the strong american economy. we are going to have a live report on that in just a moment. also finally

i'm taylor riggs in for liz claman. experts calling the "largest it outage in history". take a look at microsoft and crowd strike sliding after a massive outage ditterman respected every sector in the s&p 500. they were stuck in a "restarting state". it's effectively locking users out of the computers and some of the biggest names in the fortune 500 like fedex, u p, s, bank of america, general motors are all experiencing issues. even time square. look at this. i'll send the iconic billboards go completely dark. government entities affected and a few hospitals had to cancel major surges and people flying out this morning, more than 4300 flights were canceled worldwide and that is almost 4-point of those nights scheduled for today. i'm pleased to say that's where we start with fox businesses kelly sabari joining us with how the airlines are trying to recover. reporter: it's two things, waivers and good customer service and take a look at this line, it's been getting longer and longer as we've been here since about 6:00 a.m. watching it all unfold. now, some experts say the

a lot of strange fellows out there over to liz claman. liz: and we're looking at actually strange movements in the markets here, not so strange because we've been following this russel rotation as we call it charles but we are charging into a crucial final hour of trade because while we're witnessing the dow bulls stampede right over the 41,000 level for the first time ever, so 41, 166, the nasdaq bears are kicking down the doors and tearing at the flesh of mega cap tech particularly the semiconductors. if you look at the stocks right now, it's a basket of chip and chip equipment makers falling 16 points or 6.25%. now investors needed a reason, if they did to rotate out of high flying semi stocks, they got it from a bloomberg report which indicates the biden administration is considering tightening the news on tech exports to china and that would include foreign companies like dutch chipmaker asml, which is just cratering down 12 and one-third percent that use technology that might have originated in the us. none of that, the biden adminis

a lot of strange fellows out there over to liz claman. ange movements in the markets here, not so strange because we've been following this russel rotation as we call it charles but we are charging into a crucial final hour of trade because while we're

i can't think of anyone better than our own liz claman -- liz: i would like us to cancel every commercialaughter] but we have so much news, a charles. i mean, let's just start with this, we're 59 minutes away from the rsof

everyone have a fantastic weekend now over to liz claman. liz: you know what i think is luxurious? ice cream in front of the tv watching forensic files. charles: that is luxurious. you're in the top 1% of 1% with that one. liz: [laughter] forensic files? charles somebody gave the bulls some smelling salt. look at this , as we kickoff the final hour of trade for the week. we are looking at a race to the finish that has the bears getget getting trampled. the blue chips are on pace for their first record close since may 17, which happened to have been the first time that the dow closed above 40,000. we're at 40, 199 a gain of 445 points. not only is the s&p back in the game after yesterday's 49 point loss. if it can close 49 points higher and we're up 66 right now, you are looking at the 38th record this year. the s&p is at 5,651. the nasdaq erasing a big chunk of points from yesterday's 364 point loss. nasdaq up 257 and if you want to talk worst-to-first, here's the nasdaq's comeback king. 24 hours ago, chip architecture firm arm was the worst performer on the nasdaq 100. right now,

you've got to buckle up for the last hour with liz claman. liz: oh, yes buckle up.s, the air is electric from wall street to milwaukee at this hour. the markets are charging higher just as the republican national convention roll call in milwaukee begins

over to liz claman. liz: thank you very much. liz: you know that right? it's actually precisely what our floor show trader steve sawsnick of interactive brokers told you exactly one week ago on the show and since then anybody who bet against the broader markets has bee

i can't think of anyone better than our own liz claman -- liz: i would like us to cancel every commercial. [laughter] i mean, i know we can't, because that keeps us going -- [laughter] but we have so much news, a charles. i mean, let's just start with this, we're 59 minutes away from the first of the magnificent seven stocks to to report quarterly earnings, and the pressure if for both of them is on, but let's start with alphabet. this is arguably the first earnings report where investors fully expect to see concrete signs, they're been weight for them, they want concrete signs from the google parent that its costly a.i. inti gration into its search business is starting to pay at least some dividends here. analysts do anticipate a 13% jump in revenues to $84.19 billion. $73 billion of which should come from services. ahead of the report we've got alphabet up about two-thirds of a percent. the he'ses rah's also idling on the earnings deck up after the bell -- tesla or -- it's a toss-up as to whether the numbers or ceo elon musk's new frame being of theers v maker as an a.i. company will gu

over to liz claman. liz: thank you very much. charles you know this old add age, don't short a dull market? charles: yeah. liz: you know that right? it's actually precisely what our floor show trader steve sawsnick of interactive brokers told you exactly one week ago on the show and since then anybody who bet against the broader markets has been burned. the s&p has enjoyed five record closes and with this point gain that we see and it's not huge. it's a five point gain, the s&p is still on track for a sixth record close. what about the roaring tech giants? well all the cassandras predicting they are over-valued and primed for a pullback may technically be right but the nasdaq denied gravity too and if it can pull out a gain by the closing bell it too will claim a sixth straight record. right now the nasdaq been in and out of negative territory today. its been bouncing all over the place but right now it's up about 21 points. for once though, it is not tech dragging the cart this time. it's financials. solidly in the lead, you che

you've got to buckle up for the last hour with liz claman. liz: oh, yes buckle up. it is already a very bumpy ride here. breaking news, folks, the air is electric from wall street to milwaukee at this hour. the markets are charging higher just as the republican national convention roll call in milwaukee begins. right now, the process kicking off at the moment involves each state in the union announcing the number of delegates they will deliver to officially nominate former president donald trump but it is the chatter about what could be an imminent announcement on trump's vice presidential pick that has the nation buzzing. the reveal could come at any time and here is the latest names being mentioned ohio senator j.d. vance, virginia governor glenn youngkin, dark horse former south carolina governor nikki haley and south carolina senator tim scott. sources are telling fox news that this , north dakota governor doug burgum, and florida senator marco rubio have been told they are not trump's vp pick. that according to fox news. over to stocks a very bullish market bac

everyone have a fantastic weekend now over to liz claman. liz: you know what i think is luxurious?u're in the top 1% of 1% with that one. liz: [laughter] forensic

liz claman over to you. liz: we have a lot of breaking news, chars. some is global and some market relalalated and t minus 59 minus from the first earnings report and member of $3 trillion ai tech club and that would be microsoft that reports quarterly numbers after the bell. ahead mr. softy down 1.5% and that's only part of the reason the nasdaq is under water as we kick off a busy final hour of trade. dow jones industrials is actually in the green by 124 points. s&p losing 33 or about two-thirds of a percent. nasdaq, check that out. down 223 points and before the market opened, nasdaq sprang a leak and tech investors rushed for the lifeboats as index dove underwater where it's steadily sunk and right now off the lows of the session that was a loss of about 354 points still down about 230-6789 okay, crowd strike shares, share kind of what blue a hole in the hull. down 10.6% on wall street journal%. it and partner microsoft are about to be hit with a lawsuit by delta airlines. on july 1st, a faulty software update triggered mayhem around the world for

liz: you heard the expression, hot girl summer? we're coining a new expression on the clamaningly eating away at discretionary spending you know that. with the fed's edict not cutting rates anytime soon, it becomes somewhat of a troubling picture for shoppers. not troubling but they're starting to get smart around very, very specific. one stock however could do particularly well short term as investors look for better deals. that is amazon. "motley fool" senior analyst, shelby mcfaden says so. she joins me with her take on the stock. we know amazon has good prices but so does walmart? >> there are a few different reasons we like amazon and why we think it is a high quality name across our portfolio and of course a big part of investment thesis hinges on the success of aws. they do have that sort of ground valuation there. they have a massive marketplace for consumers w prime day coming up we'll have the opportunity to see just how much consumers are trading down, what sort of deals they're looking for and what sort of products and categories they're looking for deals on. is i

love the in the statement see you in the stores, they keep acting like this, they certainly will, liz claman many ohio state fairs with the 4h kids have their caps, it was incredible in the butter cow at the ohio state fair, you canno

liz claman, those are my two cents. liz: yes i can tell you when i have steak i want dessert but i don't just want dessert and no steak. gotta work for the steak right? charles: [laughter] you probably get those quality cuts too. liz: yeah, a fillet, well-done. breaking news we're looking at a boomerang effect as we kickoff the final hour of trade after the ugliest session in two years, the dow which dropped 504 points yesterday climbed out of the pit, peaked at 1:00 p.m. eastern with a gain of 584 points. right now, still up 216 but you see a little bit of retracement here. the s&p had recovered 64 of the 128 points it lost in wednesday's route, but right now, in fact, just a few seconds ago, it turned negative. it's clinging to 2 points of gains. nasdaq still trying to find its footing in the wake of that 654 point face plant yesterday, sparked by a sell-off in tesla, alphabet and just about the entire semiconductor space. investors are piling back into the russel rotation trade, small and mid-caps are gaining 32 point

to be back on monday, and taylor riggs, one of my favorite people at this company, she is in for liz clamanvery interesting bond data. we've got falling yields -- taylor: ooh. kelly: i know you are my bon

in the meantime this market may need some help here, in a minute, liz claman, it's not looking as strong as it was about a week ago. liz: well and yesterday, the dow was sort of that one place where people could find refuge and right now, it has endured a 600 point swing from peak-to-trough. charles thank you very much. breaking news, no rotation today from large-to-small cap as we kickoff the final hour of trade. in fact investors are diving for cover and are not picking the russel 2000 via percentages the russel is getting hit the hardest down about 1.9% at the moment and as you look for the week though it is still looking at 7% gains, but listen. since 7/11 the russel had soared 73 points as investors began moving out of mega tech and into the small and mid-size companies, not happening at this hour, and they aren't sheltering in the dow jones industrials after three days of gains equaling nearly 1,200 points the blue chips did spike. you can see on the intraday chart at the open to an intraday record but promptly reversed and right now, down 462 points. flip it over to the s&p and if

liz claman, those are my two cents. t dessert but i don't just want dessert an

imagine what we live in today, the other 80% of folks hoping one day they get a break, over to you liz claman. >> your quoting dickens and louis vuitton unlike britney spears it is what it is. >> you got it. >> thank you. a day like today is the reason the final hour of trade is the most crucial stocks have been all over the map, the dow has endured 300-point swing but that's far from the story, the dow jones industrial has crossed the unchained line 135 times today, the session alone. what you see the dow is down eight points the s&p low by eight points, nasdaq by 17 the russell at session lows down 30 points this is one of the rare but very important weeks where we have a cosmic crash coming of to potentially market moving events, is the busiest week of second-quarter earnings season, 170 s&p companies and nine dow components report including microsoft, meta, amazon, apple, qualcomm, intel and chevron and we have mcdonald's today, the federal reserve today policy meeting kicks off tomorrow and the questions swirling around chairman jay powell is will he or won't he send up a crystal clear s

liz claman, don't say i never gave you anything. gave you a pretty good rally today. liz: [laughter] thank you. charles after one of the most volatile weeks of 2,024, right? whose ready for the weekend? >> ready! liz: right? >> yes. liz: tough it's not here yet we have 59 minutes to trade and the markets are going out with a bang. this 632 point gain shoved the dow back above the 40,000 mark, 40, 561. big move for the s&p, it's gaining 52 points or just under 1%. the nasdaq has sprouted wings and it's soaring 129 points, three-quarters of a percent and this pop for the russel of 29 points makes the small and mid-caps the best performers of the entire week. yeah, the russel rotation. that is no small feet, considering the daily peaks and valleys both the bulls and the bears have endured. monday was a cake walk for the bulls, triple digit gains for the dow and the nasdaq, nice moves for the s&p. tuesday you start to see the clouds rollin and then look at wednesday. the dow tanked 504 points. i don't know why it says 57. yeah, 504 point, s&p got hammered down 128 points o

in the meantime this market may need some help here, in a minute, liz claman, it's not looking as stronge and right now, it has endured a 600 point swing from peak-to-trough. charles thank you very much.

liz claman, don't say i never gave you anything. gave you a pretty good rally today. rles after one of the mos

now on apple, google, spotify, iheartradio, and connect with me on x about the podcast @talk to liz claman. we're coming right back. dow jones industrials down 37 but the nasdaq and the s&p folks if you stick with us, just another 34 minutes or so, you will see two records if this number stays where it is. new centrum menopause supplements help unpause life when symptoms pause it. with a multivitamin plus hot flash support. (♪) daily zz for quality sleep. (♪) and enxtra for focus and clarity. centrum, powered by clinically studied ingredients. [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price i was only 23 when i was first diagnosed with non-melanoma skin cancer. 40 years later, i've had almost 20 mohs surgeries. i had just accepted that the pain and the scars were going to be part of my life. but when

back i love getting the money but whatever happened to the consumer being king and queen, maybe liz claman knows. >> i avoid the self checkout, inevitably, sorry, i don't know. >> is embarrassing. >> we went to college, it is hard, thank you. we get into some major shopping we begin with breaking news after a fire hose of headlines political chaos and questions blasted out of washington, d.c. sunday and as joe biden announced he was pulling out of the presidential race the market right now staying clean and dry from the fire hose, right now the dow jones industrial up 110 points the s&p and nasdaq are showing sizzle after they suffer the worst week since april we have the s&p gaining 56 in the nasdaq going nuts the high of the session is a gain of 313 up to 75 and it shattered more than a thousand points last week, we have tech stocks moving a lot higher everything from the chip stocks to chip equipment and the russell 2000 looking pretty strong up 26 points or one and a quarter percent, no fear on wall street at this hour even with the drama we have the vic's down 10% and this is a flood

back i love getting the money but whatever happened to the consumer being king and queen, maybe liz claman

liz claman over to you

with that, i take it over to one of my favorite colleagues, taylor rigs filling in for liz claman.hen you were on my shop an hour ago and you thought i was slipping. charles: i was worried. to the best of my recollection

. >> reporter: is there reason to think the -- liz: you're watching "the claman countdown" son fox business. look at the nasdaq, up 526 the points after the federal reserve held interest rates steady for the eighth time in a row, but jerome powell just declared the u.s. economy is in a good place. perhaps signaling slowing inflation means a september rate cut could be a surer bet. let's go back to the news conference. >> -- era has been one in so many apparent rules have been flouted like the inverted yield curve for starters. so many, many received, pieces of received wisdom just haven't worked. and it's because the situation really is unusual or you neck -- unique in that so much of this inflation came from the shutdown in the economy and the resulting supply problems in the face of admittedly very strong demand. so the whole situation is not the same as many of the other prior inflation downturns that we've seen or business cycles that we've seen. so we're having to learn, you know, we're having the, you know, be very careful about the judgments that we make, i would say. we don't assume

liz podcast. so if you are planning in the car with the family for the holiday, download iheartradio or wherever you get your podcast. everybody will love it. the claman right back. b ♪ro ce-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story t