Exactly three hours ago the tech and ecommerce giant got hit with a new lawsuit from the federal trade commission and 17 state attorneys general. They are accusing amazon of using its market power to inflate prices, overcharge third theparty sellers and for using strong arm tack tactics to maintain its monopoly. The suit comes after a 4year probe into alleged monopolistic moves by amazon. So its actually affecting the Broader Market here. The stock is driving the nasdaq 100 lower. Right now we have got the nasdaq down about 209 points or 1. 5 . It is among the worst performers on the index. Siriusxm on semiconductor cin actioner cintas joining amazon on the biggest laggards list. The that major indices head for their fifth if fifth fifth down day over the last six. If you look at the dow, it is down 403 points, thats at the low concern below its 200day moving average. Microsoft, goldman sachs, caterpillar and United Health care account for onethird of the dows losses. Apple is in the worst position here, its the biggest laggard down two full Percentage Points followed by microsoft and salesforce. Com. We need to look at the u. S. Dollar because a lot of those big Global Companies or that are based here have exposure to the dollar and see the the greenback is acting like a 49ers linebacker. The dollar index is up against a basket of currencies for the forty straight day. All the major currencies are down against the greenback. We do have the dollar hitting a 10month high at the moment. And as equities fall, treasury yields are rising. The 2year near its highest level since 2006, it stands at 5. 144 . The 10year at the moment, weve got to check that because it is, at 4. 559 , at a 16year high. So with all this market drama, is now the time to run screaming from investing in or starting a business . Coming up in a fox business exclusive, weve got three of the worlds most successful entrepreneurs together here in studio. Finish real estate magnate Barbara Corcoran, retail rock star damon john and a allaround mr. Wonderful, ken oleary, are here together and kevin oleary. Yes, i cant wait to see the dynamic between these two especially on a day when the market is falling like this. Meanwhile, President Biden has just departed the Assembly Plant where he joined the united awe Autoworkers Union on the picket line. Edward lawrence, tell us what the reaction is. Reporter he ended up not going to the ford plant, he went to a gm plant. This is where the president was earlier today with Union Workers who have been striking. This is actually a gm Customer Care and and aftersales facility coming back and forth. From the white house perspective, these are Union Workers that the president supports. However, the president bringing a message here of transition to electric cars which use 40 fewer workers. Heather add also is in the Union Apprentice program and was laid off by ford because of the strike. She says that he has a message for the president. Listen. I dont think that itll just be electric cars. That i dont think america will go for that. Theres a lot of people in the south, theyre old school. Theres a lot of, you know, im not that old, im 35 years old, and im not going to drive an electric car. I dont care how nice if they are. I dont think thatll ever change. Reporter tiara connor has a similar message saying people need a choice of the less expensive gaspowered cars. Still, the president trying to hoe his support. Show his support. So lets keep going. You deserve what youve earned, and youve earned a hell of a lot more than youre getting paid now. Reporter no mention there of the regulations or the incentives the president s giving for that transition. Over to electric cars. President trump, former President Trump will be in michigan here tomorrow. Now, he likely will not get a greeting with the union bosses, he will not be on a picket line because under President Trump, former President Trump, yes, people were getting jobs, but the the union was not his favorite. So itll be a very different resense even though the message from the former reception even though the message will be telling them to switch their votes. Liz yeah. And Union President shawn fein has made it quite clear he doesnt like Donald Trumps approach. Well see. Both of them are trying to curry favor at least somewhere in michigan and throughout the auto world. Thank you so much, edward lawrence. Former chairman and ceo of chrysler who back in 2007 was able to craft a deal within six hours of uaw members calling a strike. Bob nardelli is joining us now. Thats got to go down in history as one of of the shortest strikes in history, right . Well, liz, thank you for having me on. You really gave credit to the wrong person. You know, this little bit of a dustup we had was over the volunteer Employee Benefit association which at the time, like General Motors moved 55 billion of Health Care Liability over to this trust, they put in about 29 billion into it. But this gave the uaw the right to manage their own health care and take charge of it. We were just finishing up the paperwork on that. That really was tom lasorda, my partner, and ron getting finger who was an unbelievable strong force, the president of the uaw. And without him none of the big three would have gotten through the crisis we saw in 07, 8 and 9. Liz that was at a time, back in 2007, that, i mean, lets be honest, the big three were losing billions of dollars, right . So its very different from the atmosphere right now where theyre coming off several years of very strong profits, correct . So what do you think is sort of that is acceptable level of all of the gets that the union is really asking for . Yeah. Well, you said it and you said it exactly correct. I mean,er is bus Capital Management just spent about 7. 4 billion to buy 80 of chrysler back and reestablish an American Legend here in the u. S. So the times were very, very different. Liz yes. Again, i was blessed with Ron Gettelfinger who had been the president for a long time liz of the uaw. And understood the situation we were in. Fast forward, you just mentioned the current president. You know, he was recently elected. He made some bold, outrageous commitments to the union members, the uaw, and now hes going to have to deliver on that. 46 wage increase. And 46 liz sorry. Lets be clear, 36 , right . Well, it started at 46, then it went to 40, and now its 36, right . And then he made some outrageous commitments like i want to get you paid for 40 hours, but youve only got to work 32. Im going to reestablish the Pension Program that was part of the negotiations in 07, 8 and 9. Those are some pretty outrageous commitments that he made, and now whats happened is weve polarized both the big three and the union. I was surprised, i watched the president today where he said we need to get fair pay, we need to get treated appropriately. But he didnt say, liz, oh, by the way, im the guy thats eliminating your jobs with the ev mandate. Very, very similar to the Obama Administration with the calf pay a cafe standards where they said you have to buy small cars. Were going to increase the average miles per gallon to, like, 50 miles a gallon. Liz right. The consumer like that young lady said, stop, i dont want a small car, and they had to take an offramp and changed the whole position. This is a little bit of deja vu, liz. Liz want this, bob . The union is making an argument that, quite frankly, a lot of americans relate to, and that is that the rate of inflation has moved much higher than the rate of wage growth. And youve got a lot of americans looking at that and saying, yeah, i get, i get what theyre saying. Is so what . If i could use with put on your negotiating hat and tell me if not 36 , what, you know, wage hike, what do you think theyll settle at . 34 . 31 . I dont heres what i would say, i totally agree with your point. The average Household Income has not kept up with the inflation that this administration has created. Day one, the war on energy, Energy Inflation is up 40 . You just go down the list, the Inflation Reduction Act that was really a green movement. So this administration is solely responsible for the inflation that were having to keep up with. So i understand, a family just wants to earn a living. And its fair and appropriate. Maybe a cost of living adjustment. But again, i dont know how they come together right now, liz,because they have really become so polarized. The new president broke with all the tradition. If you look at a two of the companies, you know, they have new negotiating representatives. Ford does not. Ford also has the largest representation of uaw. And then youve got stellantis out there with [inaudible] the least dependent upon the uaw because two of the three brands hes got are really offshore with fiat and the psa group. So, again, you really have a tremendous challenge here to try to bring this thing back to center to have a fair and equitable negotiation, liz. I think this thing will go on for a while. And even at 500 a week on the strike line, which is up from 250 a week, you cant live off of that, you know . You go to the pump, and is youre going to spend 80100. You know, the the kids out in l. A. Are spending 6 per gallon right now. Thats going to consume, theyre e going to have to dig into their savings, and people are going to get quite upset as we move into the winter months standing on the picket lines freezing with those 55gone drums of fire liz it almost feels like a vicious circle because as inflation goes up, people demand higher wages. Companies are looking at this saying how can we everything is going up. Well be watching it. Bob nardelli, thank you. Weve got to run, but we are going to have you back because it doesnt look, in day 12 now, that this thing is close to being over. We shall be watching. Jamie dimon has yet another warning for investors as the markets right now recoil9 from the fed oohs higher for longer Interest Rate stance. Wait til you hear how high the jpmorgan chief thinks rates could actually go. Hint, much more than 5 . Next, blackrocks is about to reveal what she says are the best etf ifs to give you some green in this sea of red. 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Enterate mas hoy. Liz forget Interest Rates at 5. 5 . Fox market alert, jpmorgan chief jamie dimon says investors need to prepare for 7 rates. Dimon told the times of india while he was in india that he predicts the fed could punch its benchmark rate to 7 if stagflation, thats stag stagnant growth and high inflation, kicks in. And look at how trishly yields are responding treasury yields are responding. The 2year at a 5. 14 even here, and the 10year up 1. 7 basis points. So were looking at really high rates this morning. Keep in mind this morning the 0year had dropped to 4. 8, so now 4. 55 , yes, its moving north ward. As far as stocks are concerned, mondays gains are are erased. We have got the vix popping 13. 5 . That may be the high of the session. Im thinking its very close to it. The flation part of dimons stagflation warning, okay, that is weighing on consumer confidence. Septembers gauge fell more than expected for the second month in a row due to stubbornly high food and fuel prices. But 7 Interest Rates . The markets really dont seem to to think so. Fed funds futures show traders are barely betting on one more quarterpoint hike by year end. November, you look at 25 chance of that. December, a little bit higher, now at 35. 5 chance. But one thing fed chief jay powell has stressed is that rates will remain higher for longer. If that is the new normal, folks, how should you, the investor, play it . Lets get right to the floor show, head of ishares Investment Strategy americas. First of all, do you agree with jamie dimon, that rates could go to 7 . Good afternoon, liz. Its great to be here. Thank you for having me. So i think that its highly unlikely that rates can go to 7 . I also think its important for us to look at what markets are pricing in, what the fed itself who would obviously take rates higher are saying. When they released their statement of Economic Projections last week, they still expected one more rate hike but not one, not even a Single Person voting that puts their proif nexts projections at anything higher than that 5. 6 . I think thats worth something. Now, obviously, you know, one can never say never. Again, a im not in the 7 camp at all, but if Oil Prices Continue to move higher, can the fed raise rates further than that 1 that they have projected . Perhaps. But 7 seems quite unlikely given that inflation is slowing down and added growth. Liz but you do agree that the fed is going to leave rates higher for longer. Absolutely. And, you know, one of the things that were talking about in our fall investment directions that we just published yesterday is around how investors should think about investing in this higher for longer period. So our viewers, weve got gotten to the higher. Now its a question of staying longer. The higher has happened, the longers beginning and how should you invest liz lets go, higher for longer, the trade. [laughter] youve got three etfs that you recommend for the higher for longer atmosphere that were in right now. Yes. Liz iye, that, to me, seems pretty smart and oven, the u. S. Energy obvious, u. S. Energy etf. This one has a whole bunch of the big, integrated oil names. Exactly. This is a recommendation that we had opened in our june update which, by the way, i was here for your show at that point talking about this. And we thought a lot about keeping that overweight into the fall update as well, and we decided to remain invested in iye because we think that the demandsupply picture in the Oil Market Still favors an energy overweight. So even if oil markets just go up a little bit more from here, a few Percentage Points, Energy Stocks can actually continue to do pretty well, and they have really good cash flow. And when were looking at quality companies, we Want Companies that have that good cash flow. Thats what investors want. Liz then youve got qual, which is u. S. Quality. This kind of surprised me, because youve got names that are sometimes volatile nvidias in there, youve got apple, nike, microsoft and then youve got visa, mastercard, eli lilly. So these are big quality names. I would think that way you keep your toe dip in some type of equity exposure. Yeah. So the thought process behind that is that as we slow down and, again, this is not a recession call, but this is just a view that q4 is going to be a Slower Growth environment than q3. And in that environment where were all so super focused on inflation data, on the growth data, on the consumer data as a you were pointing out, on whether or not the government shuts down, we think that in this volatile environment it is important to look at companies that have high cash flow, that have strong profitability and, very importantly, low debt. Higher for longer, low leverage. Liz les youve got an etf that that has the word buffer in it, okay . [laughter] its the ivv, its relatively new. It is. Liz and the promise, because i really looked deep into it, its designed to prove 100 protection against stock market losses. 100 . [laughter] yeah. Are. Liz right now its flat, so youre looking good for the moment right. Liz considering you have such a selloff today. Thank you for bringing this up. The way we think about that is, again, it is protecting you on the downside. So youre staying invested. You not leaving the market youre not leaving the market, youre staying invested. But the way that it is the corrupted with optionality embedded is allowing you protection for when there is downside shock for about 5 , you are protected in that shock. So we think thats e a really good way for investors to remain invested for the long term, but at the same time have a little bit of protection in their portfolio. Liz not to compare you to jpmorgan, but i do have to give your last three, and those are ones that that you say you find upside in areas abroad. Because jamie dimon is in india, jpmorgan adding it to one of their most vibrant with areas for investment, they believe. Youve got inda, bw dis, which is brazil, and emerging markets x china. A word about all three of these. I think because of with india, not just because im indian january indian, but we expect a lot of demographic shifts to come from, growth to come from, for em x china, thats very much around Central Banks that are beginning to start on their easing process, not hiking, so not higher for longer, but cutting for longer. And for brazil, again, another story where Central Banks willing, able and ready to start cutting rates. We with think the all of those can be a good place for the next three years. Liz thank you very much, good to see you. Good to be here. Liz swiftieses flexing their economic muscles after taylors visit to arrow stadium. What the singers interest in travis kelce is doing for sales of his nfl jersey. Youve got to see the details of this next. Looking at the markets, we are now even lore, we just hit a new low. Dow jones industrials down 423 points, s p down 69. 1. 6 loss there. And the nasdaq down 227. Its ad Broader Market losing day here, folks, but we are coming right back. Charlie gasparinos also getting in the chair. If but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. Were traveling all across america talking to people about their hearts. Ooh, take this exit. Hows the heart . I feel like its good. You feel like its good . How do you know when its time to check in on your heart . How do you know . Let me show you something. It looks like a credit card, but it is the kardiamobile card. That is a medicalgrade ekg. Want to see how it works . Yeah. Put both thumbs on there. That is your heart coming from the kardiamobile card. Wow with kardiamobile card you can take a medicalgrade ekg in just 30 seconds from anywhere. Kardiamobile card is proven to detect atrial fibrillation, one of the leading causes of stroke. And its the only personal ekg thats fdacleared to detect normal heart rhythm, bradycardia and tachycardia. How much do you think that costs . Probably 500. 99 oh, really . You could carry that in your wallet of course you can carry it your wallet, right . Yes, yes. Get kardiamobile card for just 79 this world heart day. Dont wait. This offer wont last. Get yours today at kardia. Com or amazon. Liz we have a fox market alert. We are looking at a pretty broad selloff at the moment. Dow jones industrials down 421 points, the s p still down 69. All right, nasdaq down 227, that is now good for 1. 75 loss. Swifties swooping in on dell city merch. Do i sound cool by saying that . Taylor swifts appearance in kansas city sunday to watch travis dell city play at the chiefs game has led to a spike in the sale of his jersey. According to fan Merchandise Company a fanatics, the tight ends nike game jersey saw a nearly 400 jump in sales throughout the that gnattics network of sites. It was one of the top five jerseys sold on sunday behind all of the Cleveland Browns jerseys. Oh, those are mine. Kelc everything was spotted leaving arrowhead with swift by his side. Billionaire john malones Liberty Media is looking to combine the business that contains its stake in siriusxm with the rest of the company. That deal would create a publiclyrisked firm controlled by the conglomerate. The proposal aims to spin off Liberty Siriusxm Group which has an a 83 stake in siriusxm into a brand new unit that would merge with the satellite radio company. Sirius is down 5. 8 , Liberty Media up 3. 5 . Inknew know vant is surging 98 percent . Often its because there are early stage data pieces that look good. Thats exactly what this is. It has an a experimental antibody treatment that did exceed analyst expectations. The Drug Developers working on an under the skin injection to treat autoimmune diseases. Jp morgan says the early data hit a home run scenario adding that it supports the drugs potential to be the best in classes if it succeeds in later studies. Thats a big if. But the drug is expected to compete with treatments there j j and ucb which are currently under development. And look at fisker, you guys, now powering higher by 10 at the moment after the ev maker said it expects to increase deliveries of its fisker ocean suv to 300 vehicles per day. The Company Also Reports that it delivered more than 900 vehicles so far. Bank of america reinstated coverage of fisker with a buy, an outright buy rating, and set a 12month price target of 8 a share on the automotive stock. Right now its at 5. 8 3. Shifting gears here, weve got the monopartisan Political Organization no labels saying it is moving full stream ahead to get steam ahead to get on all 50 state ballots in 2024 as another faceoff between trump and biden is looking increasingly likely. To charlie gasparino. Third Party Nominee inevitable . And who are you hearing . Since you mentioned the market and we are having a significant selloff, this is a from a source of mine, longtime investor, he says did you see a 1987 market crash next month . Because the treasury yields at 6 , it was around that point in 86. 87. Liz which treasury yields the 10 year . Liz its not around 6 . Where are we now . Liz 4. Oh, excuse me. On the short end. Liz oh, okay. We are at a point liz 3month is at 5. 35 . Lets be clear here, were at a point here, liz, where it looks like, it looks like the bond market is pushing town the stock market down the stock market. These higher yields, something systemic could happen. Im not telling you to sell all your stocks, im just saying this is starting to percolate in the market ecosystem. Getting back to no labels, the names we hear is larry hogan, its glenn youngkin, its joe manchin. I find the youngkin one pretty, like, far out there because hes a republican governor. But all these names are coming up. And i think what were going to see is this, liz, in the next sort of couple weeks no labels, from what i understand, is going to come out, make some statements about their nominating process. I think by october were going to get some idea about who they might put on the ticket. I think what theyre telling me is theyre going to have the money to get on all 50 state ballots, that they will have a Vice President , president. But they only go this route if its trump versus biden. And it looks like, based on everything were seeing now, its definitely trump versus biden. Ill tell you, if biden drops out, i dont think they go for it. If trump gets indicted and is in jail instead of he cant run, they probably wont go for it. But if its those two, or what theyre telling me and that word you just used before, that phrase, full steam ahead is exactly where were going with this. Its going to be pretty interesting. So well have to see. I know we have a debate tomorrow, Republican Debate on fox business. If you know, but it still looks like trump is running away with this thing. But if its him and biden, i think the next thing is whos going to be the Third Party Candidate. We should point out that ross perot was probably the most successful Third Party Candidate in recent history. He didnt win a single state, but this things a little different this year, you know . Two very unpopular people well, i shouldnt say unpopular. People who the middle wants liz have doubts about. Yes. Liz charlie, thank you very much. Charlie gasparino. Is this the precise time to avoid starting a business or the best time . Let me check the time on this rare emoji puzzle rolex watch. There are only three of these in the united states. I just stole this one from one of my next three guests. All three killer sharks in their own right. Barbara corcoran, damon john and mr. Wonderful, kevin oleary, here onset with me next in a fox business exclusive. I cant wait to do just a big round robin with all of them on so many issues. And he is the best known as the attorney who defended Bernie Madoff and wolf of wall street jordan belfort. But the back story of ike sorkin is better than a courtroom drama. Ive got him in my brand new episode of my everyone talks to liz podcast. Prepare to be captivated by his riveting journey from the prosecutors bench to becoming one of the most renowned criminal defense lawyers in the world. If ike sorkin reveals the intrigue, the thrilling moments is and why he chose to follow the controversial path of defending some of the worlds most reviled financial criminals. Youve got to download are it and listen. Amazon, apple, spotify, iheart radio, whether you get your podcasts. Closing bell, were 25 minutes away. Oh, yes, three of the most successful people in the world in business join me next. This is Spring Semester at over 13,000 us school districts, which have become top targets for Ransomware Attacks. But theres never been a reported Ransomware Attack on a chromebook. Which is why thousands of schools like the fairfieldsuisun Unified School District switched to google tools for education. So they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. tech cracked windshield on your new car . Bring it to safelite. My customer was enjoying her new car, when her windshield cracked. [gasp] customer my car tech vo she didnt take it to the dealer. She scheduled with safelite. We have the latest technology for the newest vehicles. And we do more replacements and recalibrations than anyone else. Customer thank you so much. Tech dont wait schedule now. Pop music singers safelite repair, safelite replace. Liz recession or no recession, that is the question. Since the Federal Reserve started hiking rates back in march of last year, americans have been fretting about and anticipating a possible economic downturn. And while economists have scaled back their expectations lately, according to the latest reuters poll they still see a 5 a 5 chance 55 chance the economy will dunk into a recession in the next year. Recession or not, our next three guests have become multimillionaires by investing in and building businesses during incredibly difficult economic times. They dont care and, they say, nor should you. Joining me now is a shiver of sharks from shark tank, i am so honored to be joined bidet monojohn, Barbara Corcoran and kevin oleary. I mean, am i fright, you guys, when i hear the people say, oh, its a terrible time for businesses. Damon, you started your business in your moms basement. And ive been through a hundred terrible times. [laughter] its always a time for business if you have something of value. Absolutely. Liz i mean, right, barbara . And do you ever look at the clock or the economist reports and say, oh, maybe i shouldnt invest no, its just going to bum you out. You have to make your own road, have your own optimism, decide when youre going to go into something. The the worst times and the best times to start a business, most of the Big Companies start in the bad times. I start mine when new york city was going bankrupt. Everybody folded, and i was one of the few men standing. Come on, its a great advantage. You have to go against the tide. Liz some of the greatest, most incredible companies, ibm, fedex, were started during recessions or depressions. And if youre starting at a time when moneys tight, thats certainly the case right now, you have to be very resourceful as a entrepreneur. You have to solve problems, you have to pivot in a way that when moneys free and cheap and zero Interest Rates, youre flush with it. You make a lot of mistakes because with you think, well, its not going to cost me much. Now you make a mistake, you go bankrupt. Its good and bad, but as were all saying, a great time to start a business is always when you want to start one. Thats the key. Its not about the timing, if i might say, its always about the individual, whether they can cut it, whether they can do it dont get in business if you cant get into business when its the hard. Because youll see bad times no matter when you start your business. 7year cycles in the economy and people debating version, this brings us back to 2008, 2009 season. Everybody was freaking out because rates were high, a recession was upon us, financial crisis, and yet some of the very best deals we ever saw were right then. Absolutely. Liz so you cant be fearful about that. But looking at how you guys started your businesses, let me take it even earlier than that because with i really want our viewers to understand this. Raise your hand if you ever were a waiter [laughter] seriously . I knew you two, but i didnt know barbara. Come on. I was a waitress 20 the different times. Its how i learned sales. Liz and what did you learn specifically from being a waiter . I learned that you didnt get paid off the steaks, you got paid off the appetizers, alcohol and desserts. I also learn ask for the desserts first, hey, let me take it first, im not sure going to get con men. [laughter] i sold another 15 royalties as a bartender because i told those servers, look, if you dont give me half your tips, youre not going to get any drinks out here. That was the very first royalty. [laughter] i learned that if people like you, they tip you heavy, and i learned to use my charm to get the highest tips. Liz so were talking about a very difficult economy right now. Nevertheless, youre all, youre elbow deep into businesses, am i right . What are you most excited about . Which business at the moment, damon in. Im still loving my bomba business, but all my businesses the Playing Field is equal because theyre all a starting to use a. I. Nobody if knew about it unless you were in the cia2, 5, 10 years ago, so the Playing Fields even, and theyre being able to change the way they use their work orders and appeal to their customers. Thats what i love about it. Liz so the sock company is using a. I. How . Obviously, youre able to pull more out of what your customer needs. You can crawl into any of their social media aspects or their posts and you can personalize hair message, and then it comes back to a human. And more importantly, youre able to show all the socks, underwear and Everything Else were giving away to those e in the Homeless Community and be able to broadcast it out to everybody. Liz barbara . My favorite still, i am embarrassed to admit, cousins who last. They had 40,000 in sales, they just went by 500 million in sales. They are a phenomenal success. And theyre charming, theyre good looking, they flirt with m [laughter] and i love getting their phone calls every day. Liz kevin. I love divorce now. [laughter] a low prenup, and its out of boston, its all online. I always tell people, look, i love love, 100 , but 50 of marriages after 7 years, they fail and your wife is on the phone right now. But the whole point is you need a prenup, and im here to get it to you. Hello prenup, my fastest shark tank deal. I also like divorce. I get em coming and going. [laughter] liz real estate, barbara, we got home sales data today. If people are worried that there isnt enough inventory and yet what do you see . You see much higher prices. Its tough to find a house, of course. But no inventory is like an insurance policy. You dont have enough houses to to go around, prices continue to go up. And theres nothing thats going to a make more houses available while Interest Rates remain high. Liz kevin, you have an opinion about Mortgage Rates being as high i do. You know, commercial real estate at regional banks where i spend a lot of time supporting my businesses through, their books are 40 commercial real estate, and all of those properties, primarily office in submarkets, are underwater. They have no equity left in them. They used to get money at 5 , now its 1117. And theyre highly leveraged as well. Theyre going to zero, barbara. Theyre not going to liz i need more from damon on a. I. And so much more. Kevin, barbara and damon are staying with us through this commercial break. Were looking at the dow right now with the markets, it is certainly a difficult day. Weve got it down 378 points. But coming back. Much more. Disgraced crypto billionaire sam bankmanfrieds trial starts one week from if today. Well ask our superstars what they think about the future of crypto businesses and so much more. Closing bell, 13 minutes away. Claman countdown is coming right back. Right back. Th the money i saved, i started a dog walking business. I was a bit nervous at first but then i figured its just walking, right . [dog barks] oh. No its just a bunny calm down taco. Sit duchess. Stop sesame no no. Archie walter dont, no, ahhhh. Ahhhhh youre lucky youre so cute. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Unnecessary action hero missing punches . Unnecessary check reversals . Unnecessary time sheet corrections . Unnecessary unentered sick time . Unnecessary go unnecessary go unnecessary when you can take this phone, youll be ready. Make the unnecessary, unnecessary. Let your employees do their own payroll. About a cashew farmer from mozambique named carlos. Carlos lifted himself out of poverty with the help of techoserve. Go to technoserve. Org and see how you can support struggling farmers like carlos. Its a different way to make a difference. My Little Family is me, aria, and jade. Just the three of us girls. I never thought twice about feeding her kibble. But about two years ago, i realized she was overweight. She was always out of breath. Thats when i decided to introduce the farmers dog to her diet. Its just so fresh that she literally gets bubbles in her mouth. Now shes a lot more active, shes able to join us on our adventures. And were all able to do things as a family. Get started at betterforthem. Com explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. Is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home james hardie collection. Available now in siding colors, styles and textures. Curated by joanna gaines. Liz we are back with our rock star panel of business people, fubu ceo daymond john, Corcoran Group founder Barbara Corcoran, oleary ventures chairman, kevin oleary. By the way, kevin i need to keep this watch. You have one. There are three in the united states. Who has the other three . The either two, john mayer has the white gold, i have the yellow gold. Were all supporters of this brand. This is rolex, im a big sorter of when they do. This is a trust in switzerland. This watch was rumored to be a. I. And not real because rolex would never have a watch with puzzles. Liz it is real. He is a paid salesman for the watch company. I dont own any rolex because it is public. Liz coco goff put this on the day she won the u. S. Open. You started fubu in your mothers basement. Yes. Liz you convinced her to mortgage the house. Yes. Thats right. Liz you grew it into a multimilliondollar business. Lets talk about retail and how you view it . It is back. Amazon up 40 yeartodate. Nrf is expecting another 4 increase. People are at home now. Theyre working on computers at home. They want to see people. My staff is probably half the time is at a mall during the time they should be working but you should give people a different experience. Listen, macys should have a live stream from macys. Everybody hooked up into their instagram. They walk down a runway and people can buy everything theyre wearing once they purchase it at macys. It is the most Popular Store in the world. It needs to be a place where people are going, and theyre experiencing something they cannot any place else. But the shopping malls are in trouble. These Big Box Stores are not doing so well. What the most popular space to find right now is small retail. Theyre acting differently. Theyre almost like a showroom. Liz pop ups. People are back. People love to shop. Everybody wrote it off. Guess what, they were wrong. Yeah. What barbara is saying. Im getting into a Restaurant Business t started here in new york, brooklyn dumplings, 400, 600 square feet automated. Less staff, food costs are lower. Im finding for demand of that in every city. It is a small footprint. So competitive to find those spaces. Everybody wants them. Because everybody wants to be retail. My companies i want to be 350 direct to consumer, direct to retail with consumers. Im acquiring customers that way. Liz will you accept bitcoin at these popup areas . I would. I believe, all these shenanigans and rogue crypto cowboys, they will all be gone in a few years. The sec is running around the world after all of them but i believe in the potential of Digital Payment systems. Bitcoin the granddaddy ethereum, many others. The potential of that is not going away. People want this asset class. After the trials are over, founders, cowboys are gone they would be a real business. I lost 50,000 in bitcoin. I dont like the whole thing. I think it will be a good business. Im dabbling in it. Im educating myself more is it. Dabbling is code for losing money. Im actually up a little bit. But you know kevin is right. They will clear a lot of the people out of the way and sooner or later it will level off. It is too big right now and too many people are aware. You think it will go away . I highly doubt it. Barbara has real estate, when you get to her house, you never seen it, her dining room table is made out of gold bars. You can say what you want, unlike bitcoin the reason i pit all my money in real estate a very slow way to get rich. You cant say that about bitcoin. Liz real estate implosion, oh, it will take too long, it is not a bubble because it takes forever to sell. Saying residential real estate, not commercial. I like retail, i like industrial, i like storage space, i like apartment rentals i like it all except for commercial. Liz the stock market at the moment we have a sell qualify. The dow is down 376 points but how much do you guys invest in individual stocks . Im into people and companies that create a universe. Apple creates a universe. You go in there buy something with a fitness component like a peloton. You watch tv and you have your watch on and track your child. Im into things that create a universe. Liz so you dont lose the kid . Thats right. Liz barbara . I like investing in stocks but i limit myself to 30 . I like finding my own gods to serve, for me that is real estate. I used to incest only in new york. The last five years i spread out into three different cities where returns are better because new york liz what cities . Pittsburgh, you know pittsburgh, indianapolis and columbus. Those give you 20 returns per year if you buy smartly. I just love those towns. Liz columbus, ohio. You would know. Smart people there. Liz thats right. Channel 6, that is where i got on myair start. Better run back. Liz abc. Kevin . I have 50 of my portfolio in equities but i now use indexes. I created most of them. It is o shares. I have european indexes, tech indexes, derivative of the s p. I want diversity. Stock picking is really hard, really, really hard. Rules based indexing i think is the future. Thats for me. So i dont worry about it. Market is volatile but i own the best stocks in the index. I sit back let them do their thing. Come with me into real estate. I could pick smartly for you. I have a third of my portfolio in real estate. Amazon, catch us on rings, feed us at whole foods and deliver our boxes. It is a universe. Liz a little bit of a ftc day today. Would you buy it here . It is down 4 . I will, probably will. Liz youre on the air right now so you cant make a trade until after the show. Is that how it works . Liz is there anything you guys totally avoid . Yeah. Yeah. I try and ad void things that i dont understand at all. Liz like buffett. If i cant get it in 90 seconds i dont invest in it. If you cant explain it to me and you tell me look, this is something you got to own and i dont get it, there is no chance im putting a dime. I dont want anything that is a fad, period. If it is a fad, everybody talking about it. Just like kevin if i have to educate myself on it i have enough of what i currently have that i still have to educate myself on. For me, just a matter of trust. I trust the individual, i invest. I dont trust them i dont invest. I dont invest in anything that has that do with kevin on the show. Liz [laughter]. I think this is worthless now, because i may have to great color for you. Perfect color for you really with your hair. Liz i wish green were the perfect color for the markets now. We have a selloff. I want to thank daymond john, barbara korb ran, kevin oleary, what a great conversation. Major averages down five of the last six days. [closing bell rings] s p looks to close down 62. Nasdaq down 199. Big story with amazon. That will do it for us. Larry hello, folks, welcome to kudlow, im larry kudlow. All right, e