First republic and theyre not my main bank. Charles get the kisco ball . Liz disco ball, of course. Doesnt work if you dont have the disco ball. Chris thank you for the trade. The stocks are wiggle around here and anyway and the majors began losing afternoon gains after around 2 00 p. M. Eastern, thats when the Federal Reserve released the Second Quarter senior loan officer Opinion Survey and Dow Jones Industrials was already over the map and and the banker tightened a quarter for all loan categories and consumer real estate and auto loans and survey rerespondents and considering that on this last day of july and regional, zion, key, and top seven winners over the last 31 days and look at which index was on pace to grab the best performer of the month. Gold medal and big tech sucking up the oxygen in the room and turns out small and mid cap stocks rob the nasdaq of the win. We have 59 minutes left to trade on russell 2000 looking to close out july with 5. 8 gain. Nasdaq this, dont get us wrong. No slouch here. It has tacked on 3. 9 for the month and the dead of syrup followed by a move of about 2 or 3 for the dow and 3 gain and look for longevity and july marks the fifth straight monthly gain for both and we have a sector and the propellant over all this you ask . Energy. Not tech. And thanks to this bump Energy Related and drillers refiners and integrated names and straight pick energy and they said go for it because at least loved area. Every component of the xle, the etf with all of these names, saw gains but slumberje with the 19 gain on the month and eoc resources 16 pop and they were the standououts and lets spin t forward here. Meganames earning reportings this name and uber, merck, amc and qualcomm and thursday. This is a big one. Apple, amazon, and Warner Brothers discovery take the stage. Two of the biggest stories developing at this hour. Its jumping 20 and sweet green a gain of 7 and salad chain nabbing a much coveted overweight rating from Piper Sandler and expects sweet green to nab the number one market share position in the fast casual salad segment. Were joined live in the hour and antony sotteau and stocks are up and bulls are partying and the Federal Reserve said the team pushed a recession off the table and all traders know parties run out of beer and munchies so what signs should you look for for that indication that the Party Continues or peters out . To the floor show Infrastructure Capital ceo jay hatfield and chief economist jacob bryant. People are starting to leave or not . What are you seeing . Weve been super bullish from the beginning and weve been correct and we even residented our target to 4555 to 5,000. The only caveat rate right now is we have two overhangs and first of all Earnings Seasons going to end and we get this september and october and lack of information and typically bad for the market and full back and were get ago bit cautious and other overhang is rates and weve been correct about the stock market and rates have not come down. Were forecasting 3 to 3. 25 and at times we were close and now at 46789 thats an overhang on the market as well and were turn ago bit more cautious and think that investors should just be aware that we might have a pull back, particularly in the tech stocks in september and october like norm limit liz a typical august seeing a seasonal pullback. Brian, what do you see considering you have the economist hat on and better than expected Second Quarter print for preliminary gdp. And equipment and manufacturing and slowing and services and the next effect and looked like this slow growth environment and its likely to persist and praised in with earnings recession and the loans and i generally agree with that and 4900 obstructing 4900 on the upside ordownside as no compelling reason to deviate. Liz the highest timber or decibels at the moment and we know the big names and the Software Side of them and and the hardware names and the last time we were super pulled up about ai. Liz the stocks you recommended last time on for april microsoft for the runoff and its back in april folks. Nvidia and 72 since you mentioned it and then you also like palantir and palantir is a huge player and already is and lets forget this and its already a big player for ai and keep many mind that were garb investors and palantir and they were fairly valued 140 ago. And now its clearly expensive on a peg ratio and price to growth and were a little more cautious nvidia is more interesting because its guide up 50 and theyll hit that and you guide up 50 . Jot earnings have been coming up and were carrying an estimate for 24 higher than the street. But to p bare, its a two to be fair, its a two beta stock and think the market holds in title 23rd and we need to know Sustainable Growth and 52 and sustainable and we wont know till we know. Liz ill make our viewers know for new three picks and let me get back to brian and, brian, if you broaden the sort of discussion of overall at 30,000 feet investing. Today the wall street journals website stocks over bonds keep shrinking and basically we know that the treasuries are almost risk free; correct . And stocks, youve got to get paid; right . You get paid or at least compensated for the additional risk of Holding Stocks through dividends, but theyre saying its not so much these days. Where do you stand on that . I was really honored to be quoted in the article and it was fun talking to the reporter about it and the great job and earning yields and Government Bonds and in the short Term Government bonds are risky. We saw that back last year as far as the price volatility. So when we kind of think about the risk return ratio for each one of those stocks versus bonds, you would expect to have a better ratio with bonds. Right now things do look fairly stretched, however, if you were to actually look at say cash flow to price as opposed to earnings to price, it looks a bit more normal. Cant say it looks streamingly attractive but at least it looks less compressed as far as difference between earnings yields or cash flow yields and Government Bond yields. Liz okay. And to yields on stocks, we turn back to jay. Lets hear your three names because they all have pretty significant yields dividends. Right. These picks are unlikely to be as much as up as much as prior picks because theyre low risk stocks and youre correct about the environment and you want to be there. The first is something you probably havent ever heard recommended but its a preferred stock. Its sce, preferred each. Liz thats so cal edison preferred. The parent is edison international. Right. Very low default rate and its ttechnically a bond. Liz how do you buy that . Trades on new york stock exchange. Everything we have trades on new york stock exchange. Liz you say next year that, yield will reset at a much higher percentage . Right. So what the companies do when they issue preferreds, theyre quid pro quo and they have 52 floating is that when they become calmable, they go to floating rate and normally that wouldnt really help you that much if rates have been flat. Because we have an inverted yield curve, the dividend yield going from 69 and theres a strong utility and youre only taking market risks and otherwise theres price risk but not a lot of default risk. Liz you also like boston properties, which has a yield of about 6 as well. Nice move there and m s3. 7 . Weve got to run but, gentlemen, thank you both so much. Brian, jay, great to have you here. The dow is clinging to about a 3 point gain at the moment. Its been very choppy, but sofi holding onto epic gains and a younger crowd reported strong lending volume and a brighter outlook. The one question wall street wants answered and you should doo what will the looming october restart of student loan payments mean as sofi aims to swing at Fourth Quarter profit and closing bell rings in 48 minutes and Ceo Anthony Noto standing by. Hes here right after the break. See you in one minute. Stay with us. We never just see the numbers. We see the people. Marcus detroit, its just changed so much. You can see what it once was. And then, i think about what it can be. As an entrepreneur, its about how i can give them the tools to empower themselves if we can just all do something small, all the small things will start to amount to something big. Thats why were here to help make it happen. This is american infrastructure. Megawatts of power, rails and open road, and essential services of every kind. All running on countless invisible networks, making it a prime target for cyberattacks. But the same aipowered security that protects all of google also defends the systems running americas infrastructure. For these services. For the 336 million of us living here. Im so glad we did this. Im so glad we did this. Im so glad we did this. Im so glad we did this. Im so. Glad we did this. [kid plays drums] life is for living. Lets partner for all of it. Im so glad we did this. Edward jones with a majority of my patience with sensitivity, i see irritated gums and weak enamel. Sensodyne sensitivity gum enamel relieves sensitivity, helps restore gum health, and rehardens enamel. Im a big advocate of recommending things that i know work. Thats why comcast business de is launching theal. Mobile made free event. With our business internet, new and existing customers can get one year of unlimited mobile for free. Its our best internet. Powered by the next generation 10g network and with 99. 9 reliability. Plus one line of free mobile for an entire year. Its the mobile made free eventhappening now. Get started for just 39 a month. Plus, ask how to get one free line of unlimited mobile. Comcast business, powering possibilities. Sleepovers just arent what they used to be. A house full of screens . Basically no hiccups . You guys have no idea how good youve got it. How old are you . Like, 80 . Back in my day, it was scary stories and flashlights. We dont get scared. Oh, really . Mom can see your search history. Thats what i thought. Introducing the next generation 10g network. Only from xfinity. Liz investors that previously banked on sofi shares and held onto them are smothered in smiles at this hour as the stock charges to one year high of 11. 43. A gain today alone of 19. 75 and a narrower than expected loss in the Second Quarter and projecting to be profitable by the Fourth Quarter of this year. So how is sofi going to do it . Ceo anthony noto joins us live now. Anthony, youve made it very clear, you will post a profit by the final quarter of this year, but if you have to pick one segment of the business thatll be the biggest driver, which one do you think will get you there most . Yeah, the segment that will get us there the most is Financial Services segment. This is the segment with our checking and savings account, which provides an unmatched Interest Rate of 4. 4 and no fees and pay any time, anywhere you want and no restrictions and plus our sofi credit card, plus sofi invest and sofi protect and now sofi travel. Thats all on that segment. That segment is growing tremendously and did 98 million of revenue this quarter and most importantly the loss, contribution loss for that quarter was 21 million. Q4 up 44 million loss and seeing great operating leverage hitting that segment. Thats a segment that didnt exist when i joined the company in 2018 and its been a five and a half Year Investment to not just build the product in differentiate it but acquire customers and economics are positive there and we have enough units to cover the variable expenses and soon to be fixed expenses and thats why were down to just a 4 million loss. Thatll be the biggest determinant. Liz looking at progression not just of that individual unit but the progression of losses narrowing year over year over year and i wanted to show our viewer this is and going back to 2021, we can put this on the screen, the loss in the Second Quarter of 2021 was, i believe, 48cents. 48cents. Then a year later it was a loss of 12cents. Now its a loss of sixcents. Its just been where it feels like you guys stuck to your nitting but also knitting but also able to grow and you got the charter, the bank charter ability to do that. But thats Pretty Amazing and through all of this, youve added subscribers. Whos your typical subscriber these day ifs you could narrow to that . Sure. We target a younger, high income, high credit customer. Our average Household Income is over 100,000, average credit score in the mid 700s. This is a person that really needs a lifetime relationship. They want to get to the point that they can own a home, have a family, have the career they want, be able to pay for graduate school or medical school, be able to retire when they want. We to want be there for all the major Financial Decisions in their lives and all the days in between so we can help the money right. The one stop shop and theyre picking things that are important to them and thats what weve been here for the last five and a half years. Expand the industries and student loan business and volume fall about 1 year over year to 395 million. A little bit of uncertainty over the federal government payments. We know that the Supreme Court shot down president bidens idea of loan forgiveness. October is the month where no more help. People have to start repaying their loans. How will that affect what you do at sofi . For a bit of historical perspective, student Loan Refinancing was the first product that sofi started and in the Fourth Quarter of 2019 before the pandemic, it was our largest and most profitable business. Its now at about 25 of what it used to be and weve been able to achieve nine record quarters of revenue in a row despite losing that significant volume because weve grown the other pieces of business. In fact, this quarter the acceleration and both was driven by our Technology Revenue segment in the Financial Services segment, which were already talking about. Our outlook was increased but not because of Student Loans and more for q3 and more for q had and bulk in 2024 and see it migrating back to where in q4 of 2019 and taking several quarters to get there as parers and bar rowers think about different options and glad theyre quality for student loan borrowers and 40 million federal student loan borrowers out there. Sofi only helped about a million of those over the lifetime of the company. So theres still a huge market ahead of us. Not all of them can be helped by sofi but they can all try to come and ask for help from us. Wed like to lower their cost whether its their monthly cost or the actual Interest Rate, they can do either. Liz okay, okay. Lets talk about what you see for the economy. There now is the Federal Reserve deeping that it is team said they dont see a recession for 2023. Maybe 2024, but i guess the question is not only what do you see but what signals are you watching most closely for that indicate to you that a recession is starting to edge its way in . Sure, our business held up well and net charge has a percentage decreasing and theyre going up in total dollars because our balances are going up percentage net charge and getting slightly better. Our outlook actually does call for a slight recession and so well be look at gdp decline in addition to that unemployment. We do think unemployment will continue to edge up over 5 by time we get to 20246789 so were looking for a soft landing and not a deep recession and itll be quite mild based on the data point we track the remains for our outlook. Liz looking at what kind of saving and spending trends and your customers make about six figures or more and basic customer, what do you see here . Are they slowing their spending, increasing it . If so, where . Were a bit of outlier and stealing share from the top five banks in the united states. We added 2 at any time 7 billion of dispost sits this quarter and added over 2. 7 billion in deposited since we got the license in 2022. 90 of deposits from direct deposit customers and high spending over 2x in the most recent quarter annualized compared to all of 20226789 were an outlier and higher end consumer end and market share, which is more of a sectordriven trend than a cyclical trend. Liz okay. One of the things that you have offered and i wanted to revisit this because we talked about it the last time was getting in on ipos. You have enabled your customers to get ipo shares before they actually debut. How is that business doing because were starting to hear about ip orbses that are raising their heads and a market atmosphere dieing to go public. Thats right, liz. The product is unique and stocks and fractional shares of commissions and etf robos and mounted demand and ability to allocate for them confirming their orders and getting ipo and ipo prices and quite decent backlog we expect to start hitting in the fall and for those members that are sofi money members and can quickly sign up for sofi invest and transfer money over and put in an order be allocated within two weeks. Liz i think thats great. Oddity was a big one. That was a very big ipo and were watching that and arm and well be watching you guys too. Congratulations on the good numbers. Thank you. Thank you, liz. Liz anthony noto. Were coming right back. Gen x, y, and zers and some have never stepped foot in the office and what companies are doing now to teach gen zers inperson office et quit. Were coming right et quit. Were coming right etiquette. Were coming right back. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . I have type 2 diabetes, but i manage it well. Its a little pill with a big story to tell. I take oncedaily jardiance, at each days staaart. As time went on it was easy to seee im lowering my a1c. Jardiance works 24 7 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. Jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. A rare, lifethreatening 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, and dont take it if youre on dialysis. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Jardiance is really swell, the little pill with a big story to tell. vo while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager your life is just as unique. Your Raymond JamesFinancial Advisor gets to know you, your passions, and the way you help others. So you can live your life. Thats life well planned. We planned well for retirement, but i wish we had more cash. You think those two have any idea . That they can sell their Life Insurance policy for cash . So theyre basically sitting on a goldmine . I dont think they have a clue. Thats crazy well, not everyone knows coventrys helped thousands of people sell their policies for cash. Even term policies. I cant believe theyre just sitting up there sitting on all this cash. If you own a Life Insurance policy of 100,000 or more, you can sell all or part of it to coventry. Even a term policy. For cash, or a combination of cash and coverage, with no future premiums. Someone needs to tell them, that theyre sitting on a goldmine, and you have no idea hey, guys youre sitting on a goldmine come on, guys do you hear that . I dont hear anything anymore. Find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. The first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. We just got an order from dinosaur, colorado. Start an easy to build, powerful website for free with a partner that always puts you first. Start for free at godaddy. Com hi, im jason and ive lost 202 pounds on golo. So when i first started golo, i was expecting to lose around 40 pounds and then i just kept losing weight, and moving and moving and moving in a better direction. With golo and release, youre gonna lose the weight. Liz Dow Jones Industrials across the unchanged line 104 types and its been up down all around and at the moment up about 20 points. S p down two points and nasdaq up about 3 points. Lets look at hasbro and we should do that right now and its playing for keeps, shares are gaining 3. 7 after bank of america upgraded the toy maker from neutral to a buy ahead of the toy makers Quarterly Report on thursday and theyre not waiting and they expect hasbro to beat expectations and driven specifically by strong band for lord of the rings magic set. Run out and get it now appa apparently. Johnson johnson on the other hand is the bigger laggard and second attempt to resolve the lawsuits by going bankrupt was meaning it is subsid area going involved and it was rejected. The stock is down nearly 4 at the moment. A u. S. Bankruptcy judge threw out the proposed 8. 9 billion settlement of claims that j js claims could cause cancer with their talcbased products and its tied to chapter 11 bankruptcy filing by j j subsidiary Ltl Management and the judge rule that had neither j j nor ltl demonstrated the company is in the type of financial distress that would justify bankruptcy. Coin base is defying the securities and Exchange Commission and still the stock rises. Coming into the session today, the cryptobroker gained 170 . Tack on another 3 right now after Ceo Brian Armstrong revealed in an interview with the Financial Times the sec asked the crypto platform to halt everything, all trade except bitcoin and that recommendation occurred before the sev lawned the legal action against coin base and heres the deal, coin base did not comply with the sev request and says delisting every asset other than bitcoin, which by the way is not what the lawyer said and would have meant the end of the crypto in the u. S. And coin base continues to trade and meantime theyll leave to courts to guide. Openai is the developer of chat cpt and the program is called openai experts on upward and itll help businesses connect with experienced ai professionals. Its up about twothirds of a percent. Well, modern work force and companies are connecting with all things et yet professionals in a bit to etiquette professionals in a bit and Madison Alworth found out what theyre helping teach employees that have never stepped foot in the office because they came of working age during covid lockdowns. Reporter thats right. In the classrooms, gen z being taught everything from how to dress, how to communicate. Even how to handle your office lunch. I thought id break down some of the stuff these classes cover to get a so he thinks of what jen z is learning in the d gen z is learning in the etiquette claclasses and skip the slang ad speak professionally. No cap. Thats gen z slang for im not lying and probably gen z if youre listening, dont use no cap in the office and ill take a little ability to say it now because its for the purpose of this report. Another thing you should do, stay off the phone, especially in meetings. And even though this generation is used to texting, another thing you want to do, is keep it professional when writing your emails. Professional formatting and vocabulary. Now, when it comes to what noted to do, youre going to want to leave the yoga and sweat pants at home. Social mediacoming in front of your media scrolling in front of your boss is a big no no and skip the smelly fish for lunch. Coming to etiquette classes 45 of companies are offering some sort of etiquette class for employees and by next year, 63 will the reason its growing in popularity is managers realize they couldnt keep firing gen zers and needed to find a way to work with them. Those boomers need to learn a Little Something from them as well. Getting to the point and not interjecting the opinions or personal needs. Were the i correct and how can we help you and be of service to the office. I think the world is changing and it is not the generation that it used to be and were all more accepting and a lot more conversation going on. Im not one of those worker thats lazy, but i would do it myself to have that knowledge. Reporter it was really fun researching this story and understanding the dos and donts and when it comes to smelly food at work, liz, i have to tell you im guilty of bringing in hard boiled eggs. I love them, and ive had desk neighbors at previous jobs that didnt love them. Liz im guilty of wearing joe gather pants to work. Totally guilty. We got to get that one knocked off the list. Madison, thank you. Madison alworth. A sweet day for sweet green and stock popping after one broker takes a big bite and futuristic move the salad chain is making now that could pay off later and sweet greens ceo is here on salad box and how theyre tossing in greater productivity. Closing bell 25 minutes away. We do have the dow now down and add to, what, 105 times its crossed unchanged line. Down just one point. Or two. Were coming right back. Let Innovation Refunds help with your erc tax refund so you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. Marshall used part of his refund to give his practice a facelift. Emily used part of her refund to buy. I run a wax museum. Let Innovation Refunds help you get started on your erc tax refund. Stop waiting. Go to innovationrefunds. Com you really got the brows. man what if my type 2 diabetes takes over . woman what if all i do isnt enough . Or what if i can do diabetes differently . avo now you can with onceweekly mounjaro. Mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7 . Plus people taking mounjaro lost up to 25 pounds. Mounjaro is not for people with type 1 diabetes or children. Dont take mounjaro, if youre allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. Stop mounjaro, and call your doctor right away, if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. Serious side effects may include pancreatitis and gallbladder problems. Taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. Tell your doctor if youre nursing, pregnant, or plan to be. Side effects include nausea, vomiting, and diarrhea which can cause dehydration and may worsen kidney problems. woman i can do diabetes differently with mounjaro. avo ask your doctor about onceweekly mounjaro. Providing for your family is a top priority. But what happens when you need Affordable Health care . Christian Health Care Ministries could save you up to 40 today. As a member, you can choose your provider without network restrictions. Sign up at your convenience with our anytime enrollment. Join a Christian Community that supports each others medical expenses, offering peace of mind as you prioritize whats most important. Enroll now at your chm dot org salonpas lidocaine flex. A super thin, flexible patch with maximum otc strength lidocaine that contours to the body to relieve pain right where it hurts. And did we mention, it really, really sticks . Salonpas, its good medicine. We really dont want people to think of feeding food like ours is spoiling their dogs. Good, real food is simple. It looks like food, it smells like food, its what dogs are supposed to be eating. Liz Quick Service salad chain sweet greens shares are jumping and Piper Sandler upgraded the stock from neutral all the way to overweight and this is much coveted and overweight. Todays gains off segment fridays losses came in the wake of sweet greens disappointing sales and Second Quarter losses and sweet greens margins expanded from 19 a year ago to 20. 4 but speaking of margins, the companys first ever automated infinite kitchen location in naperville, illinois, achieved restaurant level margins of 26 above the typical new sweet green restaurant. What will the salad box do for sweet green sales and future of the stock in cofounder and ceo jonathan niemann is here. Was that you in the video . Yeah. Liz that is so cool. Tell us about the salad bots and a time when theyre slow to come back to fast food or fast casual, what is this doing for your business . Yeah, absolutely. People are the key ingredient of the success and people are a huge enabler to create for customers and team members and better financial mod and he will piling automace and what we call the infinite kith and its automation and a technology we built in house in partnership with a company we built a few years ago. Liz its a Robotic Company . Yeah, 4 billion entrepreneurs out of mit and called spice kith and they joined the company two years ago and we began to develop the automation for sweet green and just about two months ago we make all of the food from scratch in the restaurant and see it all right in front of you. Liz hand cut in humans are washing the food, chopping and roasting it fresh and theyre loading the machine and the machine assembles the bowls and can make up to 500 bowls an hour and thats 50 more than a front end digital line make in a normal restaurant. Perfect accuracy, perfect portioning and beautiful and fast experience our team ebb manies love and then starts and ends with human hands. Humans and Wonderful Team members takes the bowl and adds the avenue codoe and herb avocado and herbs and hands it over to you. Liz thats a gutsy move for robotics in the early stages of growing well, not that early. Tomorrow is your 16 year anniversary. 16 years tomorrow. Liz opening first store in washington dc, georgetown. Yeah. Liz how many stores do you expect to own this year . About 35 this year and today we have around 210 locations today. Liz 210 locations. You know, what kind of feedback are you getting about the quality of order being filled by robots . I mean, because a lot of people want this or that. They customize everything. Call that generation c, customize. Thats what were excited about. 80 of orders are customized. 80 . Either theyre starting from scratch and creating a bowl or taking something off the menu and making it their own. So to get that perfect accuracy and perfect portioning with so many dirt combinations, thats actually one of the things the automation enables us to do perfectly. Liz youre going to do a second location of one of the kitchens; correct. Yes, in huntington beach, california. Liz you plan to turn a profit next year . Yeah, we plan to turn a profit and this quarter we turned our first adjusted e profit as a Public Company so very proud of that. Over 3 billion adjusted and came from a combination of margin growth, sales growth and cost discipline. Liz jonathan, how old were you when you open that had first store . I was 22 years old. Liz 22. And there were moments where you thought, this is not going to fly; right . I mean, there were hard and difficult moments; correct . Did you ever envision it coming this far and now of course you got to deal with wall street. Of course Piper Sandler thinks youre great now but, you know, last week nobody, you know, was upgrading. Its a tough transition; right . We started the company, at first we started it really just to solve a problem in our own life but as soon as we began and we started to understand the industry and the problem we were solving around providing real fresh craveable and healthy food to scale, we realized that the opportunity was massive. We realized how much money we spend as a country on healthcare where food is so much of the answer. And sot ideas was to disrupt traditional fast food and reinvent in a way where we could provide healthy and Delicious Food across the country in a super convenient way and woe think were really getting started. I cant believe im sitting here where i am and i also always really believe that this thing could be massive and it was just going to take a long time and a lot of resilience to keep pushing through. Liz yay, capitalism and people like you who take a shot. Thank you. Liz take a flying leap. Thank you so much. Will you come back . I would love to come back. I i want to see that profitability. Were there with you even if you dont make it. Let me say that. Thank you so much. Liz we at fox business believe in the free market and love this story. As do we. Liz good stuff. Major Trucking Firm yellow no longer will keep on trucking as it ceases operations so weve got a live report next on what happened to the centuryold business and maybe even more interestingly why did the stock jump 95 earlier today. The day you get your clearchoice dental implants makes every day. A lets dig in day. Mm. A chow down day. A take a big bite day. A perfectly delicious day. Mm. [ chuckles ]. A love my new teeth day. Because your clearchoice day is the day everything is back on the menu. A clearchoice day changes every day. Schedule a free consultation. This is american infrastructure, a prime target for cyberattacks. But the same aipowered security that protects all of google also defends these services for everyone who lives here. New projects means new project managers. You need to hire. I need indeed. Indeed you do. When you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. Visit indeed. Com hire and get started today. This is what love looks like this is what love looks like this is what love looks like after advil dual action back pain. Yo uh ha ha [dog bark] what . My back feels better. Before advil. New advil dual action back pain fights back pain two ways. For 8 hours of relief. The chase ink business premier card is made for people like sam, who make everyday products, designed smarter. Like a smart coffee grinder, that orders fresh beans for you. Oh, genius for more breakthroughs like that i need a breakthrough card. Like ours with 2. 5 cash back on purchases of 5,000 or more. Plus unlimited 2 cash back on all other purchases. And with greater spending potential, sam can keep making smart ideas a brilliant reality the ink business premier card from chase for business. Make more of whats yours. Goli, taste your goals. Are you frustrated with your weight and health . Its time for aerotrainer, a more effective total body fitness solution. announcer aerotrainers ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. Do the aerotrainer super crunch. The prestretch works your abs even harder, engaging the entire core. Then its the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. Planks are the ultimate total body exercise. Build your upper body with pushups. Work your lower body with the aerosquat. The aerotrainer is tested to support over 500 pounds. It inflates and deflates in less than 30 seconds using the electric pump. Head to aerotrainer. Com now. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Liz i said 95 . Look at this. Yellow trucking, Yellow Corporation is now up 171 and climbing. It is 1. 92 a share. One of the Largest Companies in the u. S. Is gaining despite the fact the freight hauler said it ceased all operations and will lay off its fleet of 30,000 workers after it failed to refinance 1. 3 billion in debt. Jerry, this keeps climbing here. What is the story . Reporter let me start with the share price which you mentioned, basically what isp is happening, market is look assets that will be sold. Theyre considering what is on the auction table now that company will cease to be a going concern. You mentioned it is one of the Biggest Trucking Companies in the industry. It will be one of the largest bankruptcies in the history of the trucking industry. 99yearold yellow trucking shutting down sunday. Hanging in the balance is 30,000 employees, including 30,000 teamsters after they been locked in standoff after they told yellow to renegotiate the multiyear contract. That contract expires 2024 or would have. The Statement Released the a statement, yellow historically proven it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government. Now, they are just, the latest in a summer of labor turmoil as hundreds of thousands of Union Workers have either threatened to strike or already picketing across the country but with yellow already on the brink of liquidation, industry insiders questioned whether the Teamsters Union ever expected a deal in the first place. Listen. I really dont see a contract they could have gotten that would have saved yellow. They basically sacrificed yellow to get a better deal for their members over at ups. Reporter we spoke to one impacted yellow employee, duane, who was notified the company planed to close its doors. Duane is 60, he plans to drive for yellow for decades. He will get only a fraction of his pension. Honestly i have no what i will do. You pass 60, man, really im about to retire. Reporter tough times, tough times there for duane. It is interesting, not the first time yellow faced bankruptcy. The 2008 recession brought the company to its knees. Yellow only survived by getting pay cuts from union members, wiping out shareholders. American taxpayers here on the hook as well. We own 30 of the company shares. Liz well, sounds like a little problem for management there. We feel terrible for the workers. Well see what happens. Gerri, thank you very much. At this moment, yellow shares still up 154 . Closing bell five minutes away. A mixed bag for the day. Weve got the dow up 33. S p down one point. May turn green in a minute. Nasdaq is up for a minute. We have them all in the green for the month. They will all gain 2. 7 for july with nasdaq real winner here up 3. 8 . We dont have the russell on there. That one will look to close three, almost 4 . Data shows chinas manufacturing pmi, that is the purchasing managers index, came in better than expected, slightly, but still in contraction for a fourth straight month in july as the country moves to stimulate its economy and they do it a lot more dramatically than we do, does that mean more business for iron ore miner fortescu . China is major importer for construction. Joining us the billionaire founder and executive chairman andrew forest. I looked for iron, exports, imports, andrew, as sort of a proxy for the health or weakness in the chinese economy. In a word how is the chinese economy doing from where you stand . Liz, great to see you. Chinas economy is actually not on a tear but doing well. It will not get anywhere without serious stimulation. They have had some really savage weather events which has knocked their economy and around but i think they will stimulate their wage. They have a lot of firepower, liz, they can work with. Liz investors are pricing in the fact that china at least will stand steady and consume some of our goods. Where do you see the overall Global Economy at the moment because certainly with metals, that is an indicator whether people are building skyscrapers and building out infrastructure . You know, liz, that is a really good question. We have had half a dozen events which hit us in the last three or four weeks which are all really seriously weatherrelated so i would be concerned giving you a prediction now. If the weather really, climate wasnt at table, look well get our way through this, well get our way through the russian invasion, well get our way through the unconfidence around now but im not so sure about these major climate events. I dont know how they will hit the Global Economy, liz. We have got to wait and see how that turns out. Liz you have made it very clear, you want to be carbon neutral, hopefully sooner rather than later and thats unusual because you have a lot of people in heavy industry saying forget about Climate Change, this isnt an issue. What is it that you see that has moved you to this point . You as a billionaire who made a lot of money in not exactly clean businesses . Hang on, i dont export carbon at all, liz, i want to clarify that. Liz oh, please. Not a molecule. I want to get a thermometer put it in the mouth of executives or politicians i wouldnt worry about Climate Change, all i can say hundreds of millions of people who live in the tropics that is in northern india, northern china, these are massive customers of north america where you have high humidity now. Thank god they havent had high weather, high heat events. If you get a high heat event through a high humidity effect, called the wet bob effect, humidity factor, could lose hundreds of millions of people. I say to all those chief executives rip of the sun shades off. You have actually got to take into account for all your shareholders, politicians for all your voters, Climate Change is here, it is dangerous as hell, we have never seen a month weve seen in the last month. Liz i tend to agree with you. Weve seen a more risk situation, italy is broiling to death. Texas, certainly the south is having trouble here. Some people not interested in hearing it but they sure like youre making money, andrew. Andrew forest, for test cue. Thank you very much. [closing bell rings] markets closed higher for the month of july. Tomorrow we kick off august. What will that bring . That will do it for the claman countdown. Thank you so much for joining us. Kudlow. Larry hello, folks, welcome to kudlow, im larry kudlow. All right,