so, and i, we believe this at palantir. it's not just that we sell to the dod, it's not just that our products are crucial to national security across the western world. we are a belief-driven organization. so it's the not surprising that i believe that. it's also not surprising that european countries, one of the things that you see is not well known, but the european countries that border are russia, they believe this. so typically people who are in a dangerous border or perceive the danger have clear minds on this. but, you know, we are a diverse country politically, and we have to bring the argument to our peers that we believe, you know, that if we don't maintain a superior in our military technology context the, we will all suffer. liz: well, you guys have harnessed a.i. to remove some of the friction on the battlefield, and it's the been really game-changing. of course, last week senator chuck schumer invited top tech leaders, you included, to the senate, and there was a behind closed doors conversation about sort of

spacex come up palantir in andrea.rt to get an independent third-party to look at the evidence and conclude that those technology companies had a superior solution at a lower cost and force the department of defense toward them contracts over the traditional primes i think you and i totally agree there's a lot of issues at work we need to invest more in artificial intelligence, palantir is a company that has revenue of $2 billion palantir has more revenue than what the entire u.s. government invest in artificial intelligence. china probably invest ten times that we have to beat them and a.i. and resources are part of the issue but i would not underestimate the extent to which the cultural problem at the dod is real and serious and ultimately a starts at the top culture is a reflection of leadership and you need leadership at the department of defense that basically forces the bureaucracy to adopt emerging technology and is absolutely relentless and breaking glass to make sure this actually happens. >> xi jinping has sa

one is palantir related but more importantly, the u.s. the products. this evolution they're in america. how do we get the u.s. government to use innovation from providers, very few of these providers work with the u.s. government. in part because many providers have had a somewhat timid view of helping the u.s. governments the silicon valley motto, i get rich, you get nothing and, obviously, they extended that to the u.s. government. so my focus and our focus in d.c. is one to basically embarrass other people in a.i. to work with the u.s. government. it's like we're doing well here, you should also get involved. to talk to legislators, to explain to them that way too few of our dollars are spent on a.i. palantir is one of the companies that has produced high demand, so how do we get more commercially proven products into the u.s. government? how do we share knowledge? that's the part we're doing here. we have a lot of clients, many of which are sensitive and they talk to each other about what they're doing and what's worked. >> i do want

liz: ukraine would credit palantir with much of its success on the battlefield because of its a.i.. is it going to be a problem raising money? people want to raise money. money doesn't go to war-torn naicses that could be taken over. liz: you have to see the outcome with afghanistan a lot of investment in afghanistan and iraq. thank you very much, charlie fast. as the federal reserve continues to fighting consumer spending -- they're not fighting consumer spending they're basically trying to dwell it just a bit. we're moments away from one of the best reflections of consumer spending fedex. the shipping company will report $3.73 in earnings per share and 21.81 billion in revenue. investors have high hopes for the company particularly since many consumers use fedex when ups workers were threatening to strike. on top of that the holiday shopping season is fast approaching. even though it is september, here is an indicator, target, macy's amazon are planning to hire ones of thousands of seasonal workers to meet the demand. will seasonal demand translate for a strong year for fedex, may

palantir shares have been under pressure since rates were staying higher for longer. software company is up more than 100% year to date. i sat down with alex karp in washington, d.c. to discuss his take from the recent senate a.i. summit. we discussed the work with the u.s. government in ukraine as president volodymyr zelenskyy visited the white house and president biden announced a new aid package for ukraine. >> the most savvy population in the world. they have adopted military means that are in many ways what the rest of the world will do. lower-end hardware and high-end software. what they were able to do with drones and hardware is outperform a larger adversary by integrating the software. what does that mean for us? it means we have to think long and hard about how do we replicate the methodology for the next battle field. it is hard for us. some methods are different from us and they cost money. one of my focus as an individual and co-founder of the leading software and non-military provider in the world, meaning we produce commercial products is to talk to peo

palantir is the largest repository of u.s.re, best suited to train large models, a.i. models. and andril can provide powerful hardware. we can't take 20 years to build submarine or build a plane. we need companies that deliver real results and competitive advantages on the battlefield today because xi jinping has said, as indicated, that he may attempt a reunification of taiwan as soon as by 2027, which a lot of people in washington think -- >> jacob, it occurs to me, you're talking about pipalantir. your position as rearview commission appointed by congress, but you're also an adviser to palantir. is there a conflict there between those two roles? >> well, there isn't insofar as every commissioner on the commission actually serve in a private sector capacity. the standard -- the ethical standard that commissioners abide by is if any issue, you know, or point of discussion comes up in commission-related meetings that create a -- that raise commercial conflicts of interest, in my case with palantir, i would recuse myself. we ha

palantir's big data the model driven in great part by a.i.hat, if anything, will come out of the meeting aimed at creating guardrails for a.i. known just as much for deep fakings as it is for game-changing technology? to hillary vaughn on capitol hill. hillary, what can you tell us? >> reporter: liz, today's forum from a senator himself who told me rah really about listening, not so much about laws. but they did get a lot of face time with these major tech ceos at this forum that's still ongoing right now. they're e getting a chance to try to guide future regulation in a way that would not hurt their bottom line because the people in this room already worth billions stand to make billions more from artificial intelligence. elon musk saying the industry needs a referee to make sure companies are making decisions that are safe and in the best interest of the public and that pretty much every other ceo in the room is in favor of regulations. but the dark cloud over all this is how much of a threat a.i. is to the human race. so i asked elon musk

shares of palantir are moving higher by nearly 7 percent right now on that a headline. >>> hollywoods and picking back up their pencils. the writers are heading back to work. could the actors soon follow? not right now. we've got actor the, writer, comedian and saturday night live alum rob schneider who's standing by live to talk about both sides of this and what the actors these to hear now from the big studios. and here's a look at how the hollywood studios are trading at this hour. mixed picture here, comcast, pararah mount a bit higher, "claman countdown" is coming right back. ♪ - i'm sherry - and i'm john. i'm a pharmacist. as we were starting to age, it's like, well how can we help our cognitive abilities? we saw prevagen. i did read the clinical study and went ahead and gave it a try. i feel that prevagen is helping me with overall clarity and as a pharmacist, i've recommended it to, not only just customers, but also to friends and family as a safe product to try. prevagen. at stores everywhere without a prescription. about a cashew farmer from mozambique named carlos. carlos

lauren: what about palantir? they use artificial intelligence and machine learning.cofounder is out, he was one of the few remaining executives, helped prioritize growth but the focus is on the subscription model. david: ps. didn't say much about him. appreciate it. republicans in new york city just scoring a major win against the migrant crisis. give me the details. ashley: staten island judge ordered the city to stop using the site of a former catholic school as a migrant shelter. blasting new york city's right to shelter law calling it relic from the past. the law has been in effect since 1980 one and requires the five boroughs to provide housing to anyone who applies for it. the judge said the policy was put in place to address a problem is different from today's dilemma as night and day. this is running out of places to house the migrants and will appeal the judge's ruling. david: they already have appeals. we will see what happens but it is a very interesting development. let's get back to the border. look at the video of migrants pouring into eagle pass, texas

. >>> coming up, palantir's co-founder joe lonsdale will join us. election and so many more issues. then in the next hour, as we just mentioned, investor in omega family office ceo leon cooperman will join us with his latest stock picks and thoughts on the fed. former st. louis fed president james bullard will be joining us. gweot a lot going on this morning. "squawk box" coming right back. spent the first six years in my life in a russian orphanage. and i had no wheelchair available. i didn't have any schooling. i wasn't taught that i could be anything. my dreams really began when i came to the us and got involved with the sports program. i tried everything, swimming, hockey, wheelchair basketball. sports taught me that i could before anyone taught me that i couldn't. [crowd cheering] ♪♪ it's time to bring balance to business travel. and discover the equilibrium that works for you. at national, you're in control. skip the counter, choose any car in the aisle... and manage your rental right from the app. so you can mix work... with leisure. or leisu

you and i have known each other we made similar calls with regard to apple and amazon in regard to palantirmpanies are totally underpriced, forget the p/e ratios and everybody using to guide these. digital investment is not reflected. stuart: okay, you made your point, we appreciate it we are watching chevron and cloud strike. look at your screen who do you think that is on the right-hand side about to press the button for the nasdaq, that is al gore, climax capital that is what is he promoting he pressed the button were often running. the dow industrial opened ever so slightly higher you looking at a gain of 30 points. there is not that much movement so far on the dow 30, half up, half down, the s&p 500 where is that on a monday morning it opened virtually dead flat, the nasdaq composite that may be down, down 31%, shall be big tech probably on the downside apple is at 176, amazon 140, alphabet is down 13 cents, meta down a dollar and 48 cents. microsoft down $3.27. i want to start off with arm, day three of trading and it looks like the momentum has dissipated is started trading last week

also tomorrow i need you to tune in as we said palantir ceo alex carp joins me live from washington, d.c. to discuss the impact of a.i. on the military and how it is helping ukraine win the war. [closing bell rings] that will do it for us. "kudlow" is next. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. oil prices are heading to $100 a barrel, gasoline moving back to $4 a gallon, top line inflation has been going up, not down in recent months because of the oil shock. the federal reserve has a history of accommodating or monetizing oil shocks especially in the 1970s but also including the early 2000s. so now the latest shock is a fed challenge. however, today at his press conference fed head jay powell never mentioned the oil shock, except when our great reporter edward lawrence asked a question about it. now take a listen, please, to one of the goofiest answers you're ever going to happy on this subject. >> we're seeing oil prices as you mentioned move up and that is pushing the price of gas, so how does that factor into your decision to raise rates or not because th

so i went straight to palantir yesterday which is one of my longtime favorites. that company has got all kinds of things. excuse me, we've got -- i don't know if you can hear this, we've got some f-18s just overhead our office. we've got -- can speaking of defense stocks, i think that company is absolutely beyond the hype, is so i think it's the one of these great companies in the making. it is volatile, it's the not for everybody. you've got to wait it out. i also went after some tesla yesterday and nvidia because those are key to our economy. we're creating data at a speed we've never seen in the history of humanity. so i want to own both of those names as well. liz: how do you know they're f-18s and not another jet? >> well, because, ark, we live right next to the growler base with where i see them every single day, and i know how to hear them by sound because i've been listening to them my whole life. liz: i just thought, wow, that's a pretty good skill. marta, high quality debt, we've had rick rick reider talk about that, jason katz over at ubs. is that star

nvidia, palantir and ibm and salesforce among those. they will meet today with the secretary gina raimondo. the white house took a pledge of companies developing a.i. at the time which included amazon, goog google, meta, microsoft among them. we talked about meta. they will do something more open source and open platform, if you will. the issue here is not so much about whether you want to worry about the big guys, but so much about folks who get access to the technology and build smaller language models, if you will. >> we're back to nvidia again? we are switching back? >> nvidia. tomato. >> we have to decide once and for all. i love that. china. did you read that? did you read about the a.i. thing? we developed -- it's beyond the pale. it can be used for nasty things. they show pictures that supposedly show the government developing weapon systems which due with fires. that is low. there's no level that they will go below at this point. do we do that with our white hats and propaganda? >> i don't know. we don't see it that way. we see

i think you will be a criminal tomorrow or let's say even this gentleman t, peter hiel who owns palantirnd analyze data with ai and he also founded paypal. they could use this total information awareness to shut down your paypal account or access to your bank account. i think something like that is happening in canada anyway. it's a slippery slope especially with central-bank currencies. we don't want to go there. host: michael is also concerned in detroit. caller: hello, ai needs to be dissected from artificial. artificial intelligence has been a part of corporations, it's been an intelligence that's been separated for what's natural. when you look at our society, there is a lot of occurrences that have taken place and people know it's not natural. they force it down our throat by these capitalists around the world because they can make money off of it. they've always look for it in corporations. they want to sell more products. that's the only way you're going to make money. they are cutting cost to the point where it's down to the bone. artificial intelligence, from my perspective, is