Charles absolutely are. Absolutely. Liz this country, for better or for worse, and i say for better. Charles, thank you very much. Breaking news. Folks, if there is a headline on this tuesday its that the bulls are maybe losing a bit of their grip on the markets and are in scweap. Ty of snapping multisession winning streaks jeopardy. If you look at this picture at the moment, looks okay, the dow is up 14, but it had been up 125. With we do have the nasdaq dipping into negative territory, down 18, the s p clinging to a 4 of point gain. What is also interesting is that the dow still in the green considering a blue chip bomb that is proving to be a drag. That bomb . Disney. Shares are cratering 99. 25 9. 25 right now. The stock not only dwelling at the low e depth of the dow 30, but it stands as the second worst performer on the s p 500. Disney shares bitten hard by the details that were within what looked like a pretty good Quarterly Earnings report which included a beat on earnings per share and the first ever operating profit posted by a combined disney and hue i lieu streaming unit hulu streaming unit9. But its sales of 22 2. 0 8 billion missed the 22. 11 billion expected. Due to a 23232 drop 222 drop in its 322 22 drop in its tv business, that became a problem for investors. It did not help9 that the chief Financial Officer also said expect a slowdown in the next quarter with at the Parks Division which has been a sal wart. Cfrs has chopped etc. Rating from a buy to a hold its rating from a buy to a hold this afternoon. Look at the broader market. The s p 500ing well, its still on track for its forty straight winning session fourth straight winning session. The nasdaq is in the red at the moment. Over the past week, it has a gained about 2 . Not bad for a market that has a lately constantly been disappointed as it waits for Interest Rate cuts from the Federal Reserve that havent come yet. And if you believe the latest fedhead this afternoon, do not hold your breath. Minneapolis fed Bank PresidentNeel Kashkari speaking at the milken conference in california and said due to persistent inflation particularly in the housing sector, the central bank will probably keep Interest Rates where they are for an extended period of time. Now, with earnings season nearly over, what does that mean . Where should investors look for market direction . Joining me now, seaport securities founder e ted weisberg and pin know slative capital managements head of Investment Strategy tim urban wits. Let me start with you, tim, because you have specifically talked about the overall economy and that investors should not be leaning on this hope or investing around the hope of a rate cut. Thats exactly right, liz. Our call all year has been youre going to see the fed that continues to hold rates steady at this level, and in the short term we expect youre going to continue to see volatility in Interest Rates as a investors continue to extrapolate as to what the next move is based on every little macroeconomic data point that comes out. And, liz, we did see some good news last week with a softening in the labor market, specifically with what we saw with wage growth, but we have to take a step back and remember this is just one print we need to see that trend continue. We think youre going to be in an environment where growth can remain firm as well as information. Doesnt inflation. We think its still time to put the butteddal pedal down, but we shouldnt jump to the conclusion that the feds going to start cut canning rates. Liz 4. 835 in the 2year. Its interesting, the 2year was down and now has moved to the upside. Teddy weisberg, youve been somebody who said park it in shortterm tbills. At least at the moment if youre too nervous are you too nervous . The markets continue to climb this wall of inflation if worry and . Absolutely. But, yes well, first of all, im always nervous. [laughter] you know, the first thing you do when you walk into a movie neatt look liz exit signs. My dad, oh, my god. [laughter] but the fact is there are so many unknowns, and we have talked and i agree with tim 100 on his Interest Rate scenario. I think the economy is doing just fine. We see that with corporate earnings. On balance theyve been terrific again. At the end of the day, it is all about corporate earnings. So the market, yes, climbs this wall of worry. A lot of unknowns out there, but bad news is good news as far as the markets concerned from a, from an economic point of view. Every time we get a little bad news like the print we had last week, the market rallies. But the reality is Interest Rates are probably going nowhere. And i dont necessarily think thats a bad thing. Ive been doing this a long time. 5 , 4 Interest Rates on your money if youre a saver, i think its kind of normal. Liz well, buffett if just sold his apple stock or at least a bit of it, tim, so he could park some of that cash and make 5 , easy peasy, in treasuries. Is it as easy as saying just look at Good Companies that are conducting business and creating new things . For example, today weve got apple up about a quarter of a percent. It unveiled a whole new suite of ipads. An 11inch, then kind of a supersized 13inch. They put in the prices. They say its a. I. Enabled. What do you make of Something Like that, or do you say let me go in for some of the mid cap or smaller cap names . Listen, i think from an Investment Strategy standpoint, theres a couple of things that are critical. Number one, we think its important to continue to lean into this a. I. Tech theme that that has been driving markets higher a really for the better part of this week is and specifically the next wave of growth we really see this in those a. I. Infrastructure company. You look at various corporations across the country, everybody is looming looking to implement these larger or a. I. Models. Thats something that is not going away regardless of a what happens in the economy, and this next wave of growth is going to come from those the infrastructure company. So think semiconductor stocks, data center reiths reits. So that is very important. We also think its important going back to the Interest Rate discussion, you have to find ways to break the link between relying on Interest Rates and protection in your portfolio. Liz yes, yes. You have to rely on utilities, Long Duration liz yeah. Those traditional sort of save, safety plays of utilities because they yield a lot, teddy. Tell me what you love right now, and would you pick up, say for example, a disney . Which is about 10 cheaper today. Well, we happen the like disney, so were going to use this as an opportunity to add to the stock liz can i just interrupt you . You know, today you had the chief Financial Officer and bob iger talking about they expect a few little bumps here. And the Parks Division is getting affected by consumers who are inflationweary. That doesnt concern you . Well, first of all, ive never been to a disney if park, but i hear people talk about the expense of going to a disney park. They could just be price themselves, you know, out of the market a little bit, and they can fix thatting you know in thats fixable. They can just lower prices. Yes, it concerns me, but that weakness might create opportunity, because i think longer term disneys a great franchise, and i think its a stock worth owning. Is it cheap at 106 versus it was trading below 90 a couple of months ago, i dont know if its going back there. But i think this weakness if you want to own disney creates ab ap opportunity. You can pick and choose your entry leveling, but i like the stock liz youre mean. You never took jason to disneyhand . I still hear about it disneyland. [laughter] liz jim, save teddy. Give me a bottom on, say, for amazon because the consumer is Still Holding up. Yeah, everybody continues to think theyre going to fade, and that just has not been the case. Stocks like amazon are are important at this point are very important. You look at the ecommerce market, youre starting to see margin withs expand which i think is really encouraging, and on the other side you look at the cloud side of the business where margins are fat to begin with, this is a company that has e done a masterful job scaling on other aspects of their business. So wed anticipate theyd roll that out on the cloud side. That, you put those two together, we think its a very bullish case for the stock. And going back to this, we think its really a mistake to be sitting on the sidelines in treasuries. Our man a that is you need to have investors that are risk aware but not risk off as we continue to think stocks can do well in this environment. Liz amazon intraday hit an alltime high. Very nice move for amazon. So for all of you who i was just checking the annual low here for amazon, it was about 104. Were at 1888 right now. 188. You want to go for Good Companies. Teddy, the mean grinch dad weisberg who never took his kid to disney world or disneyland. [laughter] to recap, disney losing ground after a sales miss due in part to weaker tv revenue in the quarter, they are legacy tv business. Minneapolis bank fed president Neel Kashkari says the central bank will probably keep rates where they are or even, and this would be an outside chance, raise them to bring inflation down. And apple announcing new version ises of its ipad air and ipad pro tablets today. Small businesses which make up the backbone of the u. S. Economy now getting an edge on their competition with a new parter is, Artificial Intelligence partner, Artificial Intelligence to take on the big guys. The ceo of godaddy is here with a brand new report we need you to hear on how micro businesses 10 employees or fewer are jumping onboard the a. I. Train. Godaddy hitting an alltime right now. A. I. Related stocks have enjoyed a stunning runup. The global, x robot ecs and Artificial Intelligence etf, bot dis, has gained 28. 6 over just the last six months. We are coming right back. Dow holding on to 211 point 21 points of gains. There are many ways to do things. At old dominion freight line, we do them this way. This way has people who start early. People who care and inspire each other to do things the way they should be done. This way uses technology and goes the extra mile to deliver your promises ontime, every time. This way is why were the Number One National ltl carrier for quality. For us, this way is the right way which is why its the only way we go. Shopifys point of sale system helps you sell at every stage of your business. With fast and secure payment. Card readers you can rely on. And one place to manage it all. Whatever the stage, businesses that grow grow with shopify. Liberty mutual customized my Car Insurance and i saved hundreds. Thats great. I know, ive bee telling everyone. Baby liberty. Oh baby liberty. How many people did you tell . Only pay for what you need. Jingle liberty. Liberty. Liberty. Baby liberty. The stock market does. In fact, most people dont find them all that exciting. But, if youre looking for the potential for consistent income thats federally taxfree. Now is an excellent time to consider Municipal Bonds from hennion walsh. If you have at least 10,000 to invest, call and talk with one of our bond specialists at 18002173217. Well send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. Hennion walsh has specialized in fixed income and Growth Solutions for 30 years, and offers highquality Municipal Bonds from across the country. They provide the potential for regular income are federally taxfree and have historically low risk. Call today to request your free bond guide. 18002173217. Thats 18002173217. Liz Artificial Intelligence may cost a a fortune to incorporate if you have a business, but it isnt just for the big guys with deep company pockets anymore. According to a new survey just ea elited by godaddys research arm venture forward, 50 of micro Business Owners are upping their game with generative a. I. Tools. Godaddy also finding that 44 of small Business Owners agree that a. I. Will help them compete against Larger Enterprises and level the Playing Field which theyve been waiting for for a long time. Shares of the domain registration and Web Services Company charging higher. This is an alltime high, folk, of 131. 46. Lets bring in the ceo, iowa man bhutanny, here in a fox business with exclusive. Among the narratives for Small Businesses i guess in the recent past was that it was a pact of life that they would be stymied or crushed by the behemoths in their industry. Whats the narrative now that theyre using a. I. . Theyre so excited about a. I. , liz. And really whats happening is that small Business Owners and and micro Business Owners, theyre super busy, right . They have so many things they have to take care of. But what a. I. Can do and go j daddies tools is generate the content. Two out of four customers are telling us theyre usinginging it to generate market contact and content and three out of four, creating content. They want product descriptions, images, and generative payment can do that really well. And it looks great, it looks professional, and thats how they can people. As you already said, 44 of them saying, yeah, this is going to help me compete. Liz could it be possible that with your tool or some of the other tools that are offered that are out there at the moment, but yours is called airo, is it possible that a little guy could actually beat system of the bigger players in their area of business . Absolutely. You know, the little guy has already a personalized relationship with their customers, right . If customers go to the micro business because they get that great personal touch. Let me just tell you what airo actually does. If you buy a domain if name, it creates a coming soon web site for you with, a full web site, you can say i want it more professional or more fun, and itll regenerate all of them. Itll create a logo for our Small Business customer, generate an email address, itll literally actually create a for them where they can accept payments. What were going for is that that business in a box with, starting out youre going or youve already startedded and you want to have all these capability, airo will create that professional Marketing Content for you. Itll even post to social media, itll build a full 30day calendar for you and post to social media for you, and thats what micro and Small Businesses need. Big businesses have people that do that stuff for them, and micro business can now do it with a. I liz this, to me, is absolutely fascinating. Because it is a tool by the way, you just started developing it a year ago. You launched only this past november. It feels like there is a lot of adoption. Does it add the cost to the url or the domain name that people are buying . Are there any bolton costs here . The airo relationship comes with every domain purchase that our customer have. You can literally do it right now, liz. You can go buy a domain if name and at the end of that is a continue button. You hit that, and youll land in the airo experience. What were going for here is we want our customers to discover the breadth of products that godaddy has, and we want them to engage with it. And, yeses, in time we will look to monetize it and, yes, at some point people end up paying through the email address or web site, but really we want to show them what airo can do for them so more and more customers can just have a onestop shop, use godaddy across these services and and have great looking content. Liz i dont know why i might need go to a shopify anymore. Are you developing what you hope will be an allinclusive place . Because godaddy, you have 21 is million customers. And shopify has 2 million. Yet their market cap is bigger. I would think that youd look at them and say we want to take those guys on. Enter yeah, you know, for our customers commerce is a core spaibility they need, and its one of our biggest strategic priorities. Weve been investing in commerce for a couple of years now. We hit a major milestone, we hit 2 billion in annual withized gbp in the last quarter. Thats a big number. Its tiny bits of selling, and we want our customers the these capability ifs. Our commerce offering, liz, is growing, is stronger, its going to be better and better and better. And who do we bring it for . For our existing customers. Were not out there looking for new customers, trying to get them to take god daddys commerce offering. You have a great relationship with us, we have all these offerings, we have the onestop shop and, by the way, we have the best value for money, the best pricing in commerce, in payments, and if you work with godaddy, you can have a broader or relationship with us. And our customers, we already are they already love us. 65 plus, they want that relationship with us, and were converting them. Liz you know, we had your founder, bob parsons, on my podcast. Were going to drop that soon. I hope you will listen because it is an incredible story of success. He founded godaddy in the late 9990s, and enough to taken that ball and run wit. Congratulations. And, by the way, youve given us ammo because tomorrow we are going to talk to shopify president harvey fictioning steven about this budding rivalry about his company and the First Quarter earnings report. Thats tomorrow right here on the claman countdown, 3 p. M. Eastern. Important to note, and we want to show you an intraday here, the market took a stumble right around 1 35 p. M. Eastern time which coincided with the headline hitting the tape from terror group that asthmas which said, quote f israels military aggression continues, there will be no ceasefire. Israeli tanks still pushing into the rafah crossing while the hamas delegation arrives in cairo, egypt. Coinciding with it all, President Joe Biden making a holocaust Remembrance Days speech. We are going to get you a live report from washington. U. S. Defense companies stepped in after the on the 7th deadly october 7th deadly attacks. The ishares u. S. Aerospace and defense etf has gained 28 since then. The claman countdown is coming right back. Nasdaq is still the only major index in the red right now, down 16 points. Promise to put your interests first, always. I promise that our relationship will go well beyond just investment decisions. Its the intersection of your money and your life where we can make the biggest difference. [announcer] Charles Schwab is proud to support the independent Financial Advisors who are passionately dedicated to helping people achieve their financial goals. Visit findyourindependentadvisor. Com did i read this . Did i get eggs . Where are my keys . Memory and thinking issues keep piling up . It may be due to a buildup of amyloid plaques in the brain. Visit morethannormalaging. Com traffic noises the road to opportunity. Is often the road overlooked. 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To cargoliner. Seat protector. And seat back protectors. Weve got moms covered. Your turn. hose spraying and laughter find all these American Made gifts, perfect for mothers day, at wt. Com i bought the team kevin. . I bought the team i put it on my chase freedom unlimited card. And im gonna cashback on a few other things too. Starting with the sound system curry from deep. Thats caaaaaaaaash. I prefer the old intro this is much better i dont think so steph, one more thing. The team owner gets five minutes a game. Cash bros . Woo i like it. Ill break it to klay. Cashback like a pro with chase freedom unlimited. How do you cashback . Chase, make more of whats yours. Liz fox business breaking news, no sign of easing at this hour in the tense relationship between the white house and the israeli war cabinet. White House Press SecretaryKarine Jeanpierre saying moments ago in the press briefing that the u. S. Does not want to see a Major Military operation in rafah. Rather, it prefers to see, quote, a comprehensive plan on how israel plans to protect the more than one million civil ap januaries that are currently seeking refuge in southern rafah. It comes after an israeli tank brigade seized control of the border where israel contends a hamas battalions are hiding. Troops replaced hamas flags withs israeli flags. Ceasefire negotiations still in flux. Hamas says its delegation has arrived in cairo for more talks with mediators if egypt and qatar. Prime minister benjamin net ap an ya hue saying today that the a hamas proposal yesterday with regarding a ceasefire was not anything like what israel had signed on to. He says it was designed to por torpedo entry to after around that, and the war will continue until the remaining four terrorist battalions are eliminated. President joe biden speak on capitol hill today to address americans positions on israel and condemn the ram a pant antisemitism that has sprungup across the nation since Hamas Terrorists killed more than 1200 israeli and mesh civilians on october 7th. Fox business grade canty trimble live in d. C. With more, including the president s Holocaust Remembrance Day remarks. Reporter yeah. And in those remarks at the u. S. Capitol, President Biden condemned what he called a ferocious surge of antisemitism in the u. S. In general, and he specifically brought up antisemitism on College Campuses saying there is no mace if for it. Are he also spoke about the importance of sharing the stories of the holocaust to, in his words, keep teaching the truth. Too many people denying, downplaying, rationalizing, ignoring the horrors of the holocaust. And october 7th, including hamas appalling use of Sexual Violence to torture and terrorize jews, its absolutely despicable, and it must stop. Reporter and you heard the president there bringing up hamas brutal attack on israel on october 7th. He used the speech to reiterate his support for israel, calling it, quote, ironclad even if we disagree. At the same time, politico is reporting that the Biden Administration is holding up the sale of boeingmade precision bombs, sending a political message to israel as President Biden faces criticism from members of his own party over his support of israel in an election year. The israelis are paying customers for this, and it sends a horrible signal in terms of the u. S. Defense Industry Base to the rest of the world that the government is going to prevent them from completing a legitimate sale that had already been arranged for ideological reasons. So i think this is an awful move for a whole host of reasons. Reporter and, liz, at the top you mentioned israels Current Operations in rafah. President biden did not bring that the up in his speech today. Liz okay. Grady, thank you very much. Grady trimble. Fox business alert, shares of a. I. Darling palinty are on pace for their worst day in nearly two years palantir. The Big Data Company increased ap annual revenue forecasts, did not come to analyst expectations. Looks for fullyear revenue between 2. 68 billion and 2. 69 billion. That does barely fall start short of the 2. 71 billion average estimate. However, web bushs dan ives, one of the Biggest Research guys on wall street, says, quote, any modest selloff in palantir is a golden buying opportunity for this pure play a. I. Name. The stock is falling 14. A 5 . If from palantir to peloton, the connected Fitness Company surging on attar report of interest from private ec we city. According to cnbc, a number of firms have been considering a buyout of peloton, through but theres no guarantee a buyout would happen. Barry mccarthy, ceo, said he was stepping down and that the company planned to reduce global head count by 15 . What was a more than 100 stock right now, while up 16 today,is still 4 and change. Investors are puttingness cart in their stock instaor cart in their basket. Shares up 2. 5 right now. Customers will be able to use the cart app to order from hundreds of thousands of restaurants powered by uber eats. Rival doordash down about 2 on the news, but its not helping uber either. Lucid group rapidly losing charge, down 14. 5 at this hour after the ev maker released its latest results. Lucid e fore forecast higher capital expendtures and reaffirmed 2024 Production Guidance of about 9,000 vehicles, but analysts were expecting lucid to make more than 12,000 units this year. Legalization of marijuana could be inching closer than ever as the Drug EnforcementAdministration Takes a look at its classification, and that represents a major opportunity for a company with its roots in helping all plants grow including marijuana. We have the ceo of scotts miracle grow coming up in just a moment. Its a fox business ebbs clues weve. What this potential exclusive. What this potential new classification could do for his and all cannabis business. Some people think didnt think they could make money in medical weed. Karen rah bin byes in 2019, recently widowed and steeped in grief, finally found calm and joy when a friends young daughter gave her some slime to play with. The proverbial lightbulb appeared over her head, and karen decided to launch a storefront in new york city. Its an immersive, experience, space where kids and and adults can play with 60 different kinds of artisanal scents ranging from unicorn waffle, cereal with milk, the list goes on. Her Million DollarSuccess Story oozes out in my brand new everyone talks to liz podcast episode. It drops tomorrow no, it has already dropped, rather, on apple, google, spotify, iheart radio, wherever you get your podcasts. Please let me know what you think. We are coming right back. Dow up 33 points. Known as a loving parent. 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It doesnt just mask pain, it helps reduce or even eliminate it. I took it every day, three times a day, for three weeks. Woke up, laying in bed, roll over and look at her and i said, the pain is gone. And she said, im glad it helped. I said, no, you dont understand. Its gone. See how relief factor can help you feel better every day. Call or go online to try it for yourself and get our 3week quickstart for just 19. 95. My wife making me take relief factor literally changed my life. upbeat music with the push of a button, constant contacts ai tools help you know what to say, even when you dont. Hi constant contact. Helping the small stand tall. Liz major news for Cannabis Companies. The u. S. Drug Enforcement Administration in the process of recommending reclassifying marijuana to lower schedule iii drug. Right now cannabis a schedule i drug puts it in the same category as heroin if lsd. A lower classification would put it in category with safer farm out calls, can and it is important to note whatever the far suit calls, that does not outright legalize marijuana, expect white house till has to are review if sign off on in this. But when the dei first made the announcement last week, a lot of tocks responded very well. Stocks responded very well. To what could a firm reclass question case mean for cannabis business z . Joining us now, jim hagedorn, the ceo of scotts miracle gro, the Company Owned 2brands that. S the 21 brands that service the cannabis try. What did you think when you heard this news in. Weve been hoping for it for long time. Its actually great news. E give credit to President Biden for doing what he said he was going to do. What in this does is the tax rate on, with the law the way it is as a schedule i, you cannot debucket business expenses which mean off about aen 800 effective tax rate 80 , which really mean anybody whos taking the chances to go legal cant make money. The federal governments the only one making money on it. So this will allow the business to be treated better x if we could get a little more progress on safer banking which is right now in the nat, that would be awesome because that would because you cant bank today, and you have a tax rate of 80 . To anyone whos tried to go legal just really cant make it. People expected these changes to happen, like, 10 year e ago, and so many people are lost everything have lost everything by taking a chance on going illegal where the ill lis it market doing really well. Everyone who tried to do it the right way cant make any money. Liz your company has whole bunch of names in the high to uponnics and cannabis farming, tocalled picks if shovels part of the business. How your hawthorne brands doing . Know you just came out with earnings. That were very successful. Your 6month tock picture if year to date picture look are good. But there was a little bit of a tumble with hawthorne. What to you expect it would do if this is finally reclassified as a schedule i drug . Well, let me tell you a little bit of dimension on the issues. We probably spent about 1. 7 billion buying these brands. These brands are completely legal. Our customers are cultivators, and theyre on the leaftouching side s. So they, under these rule, would benefit. Nothing changes for us. But they dont have any capital money, so our business has really, really been struggling. Liz, we had 18 months ago we had 1300 employees, we have 300. Sales were nearly 1. 5 billion, today the on a good day its call it 500 million. You know, its been pretty much the worst environment weve ever lived in, and its my oldest boy, hes my son, he runs it, and and i think its in a lot of ways kind of spoiled his attitude about business. Its really been terrible. And not just terrible for us, but terrible for everybody whos tried to legally sort of do what were supposed to do which is go with the states, follow regulations, pay taxes liz yeah. So hawthorne, its been terrible, liz. Liz the legalization of Recreational Marijuana many ohio affected you. I mean, this is where your headquarters are. What kind of business have you seen coming from that . Its up. Its up, but its early days yet with. But i think what is a great story because this is a very reliable, you know, republican state at this pointment point. And it was, like, 58 in favor of making it legal. So the citizens are in favor of it. Its a lot of times conservative lawmakers sort of take this antidrug approach thats not consistent with where the consumers are and the voters are. And so really what we want from politicians is to listen to the voters, that it polls like 770 positive. 70 positive. So ohios a great story. It will be an important business, for sure. But what it really says is that even in a republican state, if you ask the voters and doha they say, the voters say yes. Liz jim, were watching it. And you were out there years ago seeing that there was such an opportunity in this part of the business or just watching for those Small Businesses who are now operating legally to not be with hammered so badly. Listen, they want to pay taxes, they just want to be held to the same standards as everybody else. Good to see you. And have access to banking. Liz yeah. Because the banks are disinclined and not allowed to actually let you well, not you, youre fine, but some of these Cannabis Companies do business. Well be watching i. Thank you, jim. Liz, thank you very much. Liz scots miracle gro ceo, jim hagedorn. As xi jinping tours europe, todays countdown closer says the Golden Dragon is still a great place to invest despite a simmering economic cold war with the u. S. He is going to tell us how. Plus, theres chatter at the milken conference that Warren Buffett might be looking at a dow woman point component whose wings have been chipped lately. Charlie gasparino has his ear to the tarmac, and what does he mean by looking at it . Well, different, a different possibility here. Harleys up next about berkshirt about berkshires potentiali foray next. woman 2 vo i have a great boss. Its me. man 1 vo i have people, people i can count on. man 2 vo i have time to give grandma vo and a million stories to share. grandpa vo if thats not rich, i dont know what is. vo the key to being rich is knowing what counts. Welcome to the roots of our legacy. Where excellence, comfort, and electricity. 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They provide the potential for regular income are federally taxfree and have historically low risk. Call today to request your free bond guide. 18002173217. Thats 18002173217. Liz lets take a look at shares of boeing. The shares of the troubled jet manufacturer have plummeted 32 this year alone following a myriad of issues that involve its aircrafts and also increased scrutiny over the companys Safety Record but word on the street at the milkin conference is that the company is looking to raise its profile with a strategic investment by one of the greatest investors of our time. Charlie gasparino is on the ground in Beverly Hills at the milken conference. Charlie. Liz, interesting stuff. Unconfirmed. Its scuttlebutt, it is interesting. We should point out neither of the parties have come menned what were hearing but if true it is pretty big. As you know boeing has scrutiny from congress managerial boardroom problems. They need something goldman needed during the financial crisis. They needed something that bank of america needed after the financial crisis. They need Warren Buffett, a vote of confidence from the oracle of omaha. From what i understand inside of boeing they are approaching mr. Buffett about a strategic investment. Again not confirmed. Boeing has not gotten back to us. Buffett received our request for comment, has not gotten back to us but it is what youre hearing from high level sources. Sources im talking about people in the m a business, they are often former government officials. It is starting to get out, they are talking about approaching him. I dont know if they did. This is clearly in the water here at milkin. As you know, liz there is no bigger epicenter of power of financing in government than here. Trust me the people i spoke to are Major Players in that nexus. That is one thing kind of out there. The other thing that is fascinating here, more stuff on shari redstone, who she might pick as potential buyer of paramount or her stake in paramount. There are two deals she is weighing in. One involves skydance and redbird. Kind of like a reverse merger. She sells her stake in max amusement which controls paramount to skydance. Skydance essentially merges back into paramount, creates a new company. She gets paid a couple billion dollars. Shareholders dont like that deal but she still likes it despite the fact that apollo hasnt come out with a major counteroffer. What i am hearing from the shari people, is simply this. They are here by the way. They dont think that deal will pass regulatory approval. Too much foreign ownership, private equity. The Justice Department doesnt like it could be stuck in the courts for years and that they need to better explain the skydance structure to, as a positive for common shareholders before they give up the ship and she still is favoring the skydance deal, Skydance Redbird we should point out for a lot of reasons including mr. Ellison as you know, the younger mr. Ellison, who this is his business, doing movies and it is an american ownership. So it has a better chance of getting through the regulatory apparatus in washington. So thats what im hearing here, neil,. Liz, it is a fascinating conference. The buffett stuff is fascinating. As soon as i get a confirm, deny, whatever, i will be back to you. Liz yeah. It will be on my twitter page. Keep an eye on this boeing story. Boeing as you know has got a long process to get better. They have to clean up a lot of stuff. A society of confidence from buffett, he, might want to ask why does he wants to do it . Remember buffett likes duopolies. It is still a duopoly, it is airbus and boeing. Liz when you say duopoly, you mean a moat of competitiveness. Are only two in the nation world who do this, airbus consortium. About that, charlie, though, lets talk about Warren Buffett as a bank because back during the financial crisis he jumped in and bailed out essentially Goldman Sachs with a five billion dollar cash infusion on very helpful terms to buffett by the preferred shares. He made 3 billion on that deal. What was the line he gave you . He gave you the greatest line about that and im going to butcher it, didnt he say he made like a Million Dollars a minute on that deal. Liz Something Like that. Something, by the way, thats what he is, if this does happen, you know its going in that area theyre going to do a preferred stock deal where it is a nolose situation to him because he doesnt give his name to anybody. Liz we will say, we dont know what buffett will do, he has more than 70 companies under his umbrella, two very, excluding netjets a private organization, but he owns Flight Safety international which trains pilots. Right. Liz he also has precision cast parts, he owns that outright, which makes metal parts for a lot of aerospace world. Absolutely. Let me ask you this, liz. Let me interview you for a change. Liz uhoh. Youre the expert on buffett. There is nobody better than you on buffett. Liz thank you. Is this something you think he might do . Do you think he would do this . Liz if i went inside of his mind, he looks at Amazing Companies that have a moat of competitiveness who are going through bad times. He always says, charlie, get the quarterback whose leg is in a sling in the hospital, not the one just won the super bowl. Because that guy will go down but the guy in the sling will always get better. He wouldnt say no. He would definitely take the call i think and boeing is not going away. You answered my question. Its plausible. Liz plausible. And its heating up its heating up here around the watercooler so to speak. Very expensive watercooler. They are highend spring water, whatever they serve in l. A. , your neighborhood. Liz that is my hood. Go to nate andals, get a westwood sandwich, turkey on rye. I will. I did already. Liz i turned him on to nate and als. Closing bell four minutes away. Dow well off session highs but it is holding on to gains. If it closes here or anywhere to the upside, it is up 41 points right now, that would be the fifth upside session in a row. S p up seven points. If it closes to the upside that is four straight gains as well. Nasdaq too close to call, down 14. Russell up five. China stocks are staging a really strong rally this year. It kind of quietly snuck up on investors. Since january 23rd, look at this, nsci index, dragon etf, have outpaced the s p by a long shot. Well why are we looking at january 23rd to today . Because january 23rd was the day john nowerry was on this show and pitched chinese stocks to our investment audience. He joins us again. He is smiling. Cio of nfj. A lot of people said chinese stocks are not investable because the government is tinkering too much yet you still went in. Are you still there with that much conviction . Great to see you, liz. Yes we are. The reality, when valuations get depressed and when sentiment getting overly negative, particularly when fundamentals have not broken that is when the real opportunity presents itself. We saw that similarly in october of 2022 when valuations got too depressed in the u. S. Trading at cheapest valuation in over a decade, it is hard to ignore the second largest economy in the world particularly you think about the fact youre getting things in many cases at the cheapest levels since 2000. Liz send 10 right tencent yeartodate is up 23 . That is big tech conglomerate with gaming and all kinds of things in there. John, are there specific other names you feel have an opportunity to run even if xi xinping wakes up on the wrong side of the bed, says, yeah, i think i will make some new regulation about chinese Online Education stocks which he has done in the past . He has. I mean i think the reality is, you know, if you look at the chinese economy, i think they are beginning to grow more comfortable with the fact that they are going to have to work with business leaders. You know, jack ma, his chairman made a large personal investment in alibaba earlier this year. Youre seeing similar types of moves from pony ma at tencent. I think management teams at these Large Companies are trying to communicate better with the Chinese Communist party that allows for some comfort that being said, liz, i do think investors should be diversified in the emerging market exposure. One other thing i would mention, you asked about other companies, lux share precision, a company you may have heard of, heard of products, printed on back of ipod cases people have in their pockets right now, 70 of their revenue comes from apple. Reality it is hard to be bullish on some Large Companies in the u. S. And not be bullish on some of the Companies Directly related to the supply chain clearly in china. Liz echo systems out there. Great job operating the camera with your feet. What were you doing . Here we go. [closing bell rings] the dow and s p continue their hot streaks. The nasdaq, not so much down about 12 points. Tomorrow shopifys Harvey Finkelstein and Williams Company ceo. Larry hello, folks, welcome to kudlow, im larry kudlow. Al