the billionaire investor whose king of digging up the unloved and ignored stocks and making them mario gabelli joining us now. mario, russel up 10% over just the past five sessions, compared with 1% for the s&p. what do you think is pulling the rest of the market or at least the little guys, the unloved ones, out of the cave they've been in? >> it's a great way to frame it. we're marathon runners so we've been buying the ignored and unloved stocks in terms of our analysts we have 35 analysts that cover industries but when they do that, liz, they cover them from large cap all the way down to small and the number of analysts that have been in the business that work for firms have declined substantially and they basically cover large cap stocks. it's the economics of the business. then the etf's, and the short-term trading. now, when we step back and say what happened? you hit on most of the dynamics that are taking place. the perception that powell is saying we're not going higher. we're staying high but we're going to go lower. the fact that he cut the amount of money being withdrawn from 95 to

mario gabelli. >> hope to see you in-person. hugs to all and the best in this -- united we stand. s today. >>> shares of macy's. the company terminated buyout discussions with arkhouse brigade. proposal lack as cenrtainty of finance and no compelling value. offered $24.8 in cash. macy's intends for management to return its focus to enhancing share hoholder value, executing bold, new chapter strategy, their words. >>> up next, former speaker of the house kevin mccarthy. who's going to join us on this weekend's attempted assassination of fmeorr president trump. >>> stay tuned. we'll be right back. ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.

one potential lawsuit, we should point out, could come from if mario gabelli.him a couple days ago, you know, talking about his options. he didn't mention lawsuits, but what he did say was that he's going to fight for transparency on the deal terms. he's launching something inside his company knowned as operation fish bowl -- known as operation fish bowl where he wants to see exactly how much money shari redstone made on this thing, the de facto other than of a paramount until this deal gets done. she has controlling shares through a holding company. a little complicated, but she basically was the other than. she's getting a good deal, something like $1.7 billion. he wants to know why she's getting so much money and the common share holders are getting very little. we should point out that the skydance, redbird people are saying you're getting a better balance sheet, we've got upside going forward, and gabelli could be convinced of that. at least that's what he told me. but the bigger point, liz, is this: this thing is not totally papered yet. there will be law

paramount investor mario today today -- gabelli and -- larry: hello folks, i'm you i'my kudlow.

as you know, i'm very good friends with mario gabelli, and he's out there making noises around how toor negotiating the best deal for them. >> who do you blame? the committee that's responsible for accepting the offer? >> i think old board and the old management didn't do their job in positioning this company well. they passed at the sale of b.e.t., they passed on the sale of showtime. they made so many different strategic errors along the way that made them get into this problematic phase. and i think that the process was not run smoothly. as we all know, all the leaks that happened, it's just something that was just out of this world. >> do you think it's over in terms of the ghost shop. anybody else potentially looking at it? >> i'm still hopeful. you hear rumors that different people are looking at it. it wouldn't shock me, some of these large streamers that have so much money this they could go out and why it for a rounding error. you just think about a netflix, they need sports, you know, cbs -- >> do you think a regular ltor under this current administration, under the administ

paramount investor mario today today -- gabelli and -- larry: hello folks, i'm you i'my kudlow. this is "kudlow." we have breaking news. president trump has picked senator jd vance of ohio as his running mate and also mr. trump has woken the republican nomination for president. we just heard the count here on the floor. we've got the great senator tommy tuberville on that, much more in just a few moments. but first up, fox news mark meredith standing by with the details. mark, you have got a lot of news today. what's cooking? >> reporter: [laughter]. larry, you're right the convention is just getting started but no shortage of headlines at this hour. the first one that former president trump has selected his running mate, 39-year-old junior senator of ohio jd vance. an iraq war veteran. a graduate of yale and also ohio state. he had been on the short list for this vp contender spot quite a while along with him and senator marco rubio of florida and doug burgum the governor of north dakota. what is fascinating about this, larry, how quickly this frame to fruition as we got closer