Parted me, his ceo office was on the 93rd floor of the north tower. We were all younger in my 30s thats when this happened he seemed like a grownup leader but he was only 57 when he was killed, you and i are older than that now but i miss him just as much today and you nor i nor anyone should ever forget. Thank you. Of course wall street will never forget moments of silence at the New York Stock Exchange market the 22nd anniversary of 9 11 when terrorists crashed planes into the World Trade Center, the pentagon and pennsylvania killing 2977 souls, altruism one of many firms devastated by the attacks, no one company lost more than Cantor Fitzgerald, 658 employees stuck on the 101st floor of one world trade. Coming up cantor ceo howard is here on how he fought through the heartache to rebuild the powerhouse financial giant and why celebrities, oscar winners are filling his Trading Floor on this day, former u. S. President s, we will show it all to you with howard. Lets turn to the markets, a bit of risk at this hour the dow what 97, the s p of 29, the nasdaq better by 156 the russell up for, what you cannot tell from this action on your screen. An important headline driving the move not just today but could this whole week taking the minds and centerstage for investors, you see the dow point game. Lets look at the leaders here, it is 3m, walt disney and verizon, if you look at disney, disney for much of the session has been driving the bluechip bus after resolving its dispute with Charter Communication to return the media giants espn channel and other ones of the channels to Charter Spectrum cable service, right now we have charter moving higher by more than three and a third the deal struck and a touchdown time neither side wanted to incur new york jets fans ahead of quarterback Aaron Rodgers debut tonight that would be on espn monday night football. As we look at the green on the screen spectrum will continue to carry espn abc and all the stations affects an disney channel, they will drop other disney owned networks including baby tv and freeform and they will also give to certain spectrum package recipients disney and espn plus with the discount we have two crucial pieces of consumer data out this week august Consumer Price index in retail sales will be the last numbers Federal Reserve chair jay powell will get before his ratesetting meeting next week, the consumer reserve to pony up for the iphone 15, apple trading up under 1 ahead of tomorrows wanderlust of that, widely expected but the tech king will give birth to the latest generation of the iphone in the u. S. Auto industry is on the brink of a strike, ford, gm and stellantis can make an acceptable offer by the end of thursday, 146,000 United Auto Workers of american will walk off the Assembly Lines paralyzing production at those companies. We lay that out for you lets get to the markets and the floor show main Street Asset Management erin gibbs and the trader Kenny Polcari who spent 40 years, i cannot believe this 40 years as a New York Stock Exchange trader you were there on september 11 but not at your office on the 55th floor of tower two and i think the world the universe for that. I had been there that morning and only by the grace of god i was called to go to breakfast thats only reason you and i are sitting here having this conversation. Liz it seems shallow to be talking about the markets and its our job, we never forget what happened on september 11, give me your thoughts on the markets right now we have green on the screen we outplayed a whole bunch of headlines that can move the action. I think today is like a dead cow doubts were bouncing off of the decline in i had the key numbers that you talked about the cpi and a lot going on with apple tomorrows big event that is pretty exciting but specifically to apple but i really think that the markets is turning in place ahead of what is expected to be, 100 numbers on the top line for cpi and bpi but if you take out food and energy which is supposed to be on the decline is inflation increasing were still decr decreasing, that is good to be the problem that the fed is going to have to solve. My question if it comes in hotter than the expectation is that narrative still that the fed is going to pause, i dont think so. Liz would you talk about the individual stock names moving the action apple up just under 1 but qualcomm definitely moving the nasdaq 100 and the news comes out that apple will continue to use qualcomm 5g motives through 2026 these two companies dont exactly love each other but clearly apple could not come up with any kind of invitation of the 5g modem that qualcomm has you have that stock job before present a big move. Does it take individual stocks to move this market or do you see outperformance in a sector or two Going Forward . I think much like any this was a dead cat bounce and those names are the mega cap names in any positive news that were getting out of the day this is the day to get the momentum get the bounces. But i dont see this beautiful trend is because we have so much overhead with the broader markets down and while we might have some good news and good days here in their i think we need to be really aware of whats going to happen with the cpi and ppi reports, i think china is another big issue that the consumers really have to face how well and quickly other going to get through their economic struggles and how much that is going to weigh on Global Growth and potentially even letting the fed ease up earlier. We have a lot of information out there whether it is u. S. Credit, cpi, ppi, the fed that is holding the broad market down, take your winds where you can we have these great days but overall i would still be very cautious. Liz the great days have not come a lot in the past two or two weeks but right now the dow up over 100 points giving a sense of whether you like a return to the state trade, the aghast old trade like the aristocrats the companies that pay dividends. The aristocrats are the ones that grow their dividends consistently year end in year out for 25 year plus and weve known them as the aristocrats and no names caterpillar, Johnson Johnson big mega cap largecap, its only up for a half this year it wasnt the place to go it was not sexy enough, was not a. I. Yet it is starting to get noticed, investors are anxious and nervous about whats going to happen Going Forward so theyre starting to plow money into some of these names. Jamie dimon came out and says he expects tenured yields to go out 5. 5 if thats the case is not would be good for stocks i think you will see money remained in the stock market and go into those kinds of mega cap boring but beautiful payer names. Liz jamie is brilliant but aaron has used the word hurricane coming to the market and all weve gotten is a few rainstorms 5 correction, the nasdaq had a bigger correction may be 8 but nothing of tender 15 move, does that feel like its around the corner to you . When i look at evaluations for the equity market i dont really see that. We are trading a little rich maybe 10 rich, but certainly not 20 or 30 or 40 were you would consider hurricane i think we have a lot of hurricane like your managed healthcare, some of your industrials and i like homebuilders as well theyre getting a little rich, there is still some names that are doing well, increasing profits, paying dividends and being able to get through this economy even in the face of higher inflation even if the Profit Growth is a little slower. Are there risky names out there, absolutely. As were heading into higher Interest Rates your smallcap and new cap are very much higher risk and you want to stick more defensive in the largecap. Liz that makes sense, we did not bring up the ipo action this week, my investor sources are telling me that its not the bestkept secret that arm will debut in thursday it is supposed to be pretty big not as big as softbank wouldve liked, he is the one that bought this company and hoping to spit it off, its going to happen. Also instacart is aiming for a 7. 8 billion evaluation it was valued at 39 billion back in 2021. It is been a rough year for ipos overall. It is been a rough year but the arm one is very exciting there already talking that the opening and keep it in the high range but you and i know that that is going to pop on the opening that will have a nice move on the opening, it makes me think you should reconsider that you leave a lot on the table if you dont move the price up a little bit. Instacart i have not been following but to your point that is also going to be an interesting ipo and when it comes i have to find a better what theyre talking about what the demand is is there a strong demand, im curious to see how that one plays out. Apparently its oversubscribed like ten times. Great to have you both, aaron, kenny, thank you to you, the chip Designer Company arm investors are dying to see if the ipo is going to be a shot in the arm for the ipo market, one biotech that debuted months ago but this year is looking absolutely boffo games, jenna locks is soaring 264 since the ipo back in january, what is fueling the cancer immuno therapy rapid rise, the ceo joins us exclusively next. Suddenly strengthening investor and public stock offerings is pushing up if you want to buy a basket you can the renaissance ipo has gained 8. 6 over the past three months alone, double the s p rise. 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Before you even step inside . Discover the Magnolia Home james hardie collection. Available now in siding colors, styles and textures. Curated by joanna gaines. Explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. I dont want you to move. Im gonna miss you so much. You realize well have internet waiting for us at the new place, right . Oh, we know. We just like making a scene. Transferring your services has never been easier. Get connected on the day of your move with the xfinity app. Can i sleep over at your new place . Can katie sleep over tonight . Sure, honey this generation is so dramatic move with the xfinity 10g network. Municipal bonds dont usually get the Media Coverage 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 dollars 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 we have Huge Development in the cancer detection, microsoft is partnering with page to build the imagebased Artificial Intelligence model to help detect cancer. Moderna and i will shell out 1. 8 billion to german biotech for a multiyear collaboration to develop cancer therapies, the new partnerships put jenna locks in a pull position the company is developing nextgeneration immunotherapy for oncology patients its also the bestperforming ipo so far this year rocketing up more than 275 since its public debut back on generate 26. To see what people are doing the president and ceo tom zinn and rick, welcome to the show, thank you for coming. Thank you, it is a pleasure i appreciate the opportunity to speak with you today. We want to hear about it i know youre conducting Clinical Trials in the most important discoveries youve made so far. We are currently in phase three Clinical Trial for late stage Ovarian Cancer patients we are designing the study and are engaging it on the basis of really positive phase two data in women who effectively have no standard of care options and were able to be resensitize the frontline chemotherapy and effectively on earlier stage like results. We refer as restudied the life clock of the late stage patients to give them earlier stage like results. Physicians read for to the resensitive eyes they should as their holy grail and were excited to potentially give hope to women whose Therapeutic Options are very limited speed when i was studying up on what you guys were doing. And i saw this term that i had not heard before because im not that deep into the weeds on what it is that you guys are doing and how Ovarian Cancer really has become a killer but platinum resistant Ovarian Cancer thats what you guys are targeting are you not, it sounds so hopeful to attack Something Like this. It is, platinumbased therapies are the cornerstone of frontline treatment newly diagnosed women will have surgery and be put out a platinum therapy and initially the Response Rates are quite good 70 or 80 of women and unfortunately in the vast majority will ultimately relapse and as they relapse the percentage of patients that will respond to subsequent therapies reduces and in the length of time they will respond and they will reduce. If we believe our agent has the potential to resensitize these patients to the frontline therapy and effectively as i mentioned give them results the earlier stage patients might achieve. Liz with many of these drugs in development they turned out to be real opportunities for Drug Repositioning in other words the drug started as a therapy for x but also turns out over some other diseases is there any data to support the repositioning. We are really focused on oncology and we believe that is an area that we can make significant progress, pretty clinically we have shown our therapy can be effective against the 20 major tumor that it was tested with, were focusing on Ovarian Cancer and are thrust as a company has tried to treat the most difficult cancers because we think given our unique mechanism of action, the ability to not only reverse platinum resistance but combined with other agents allows us to a multimodal attack against the tumors defenses and is really the ability to attack the tumor from different angles that we think will ultimately lead to the most progress in the field. Liz it is an area thats not really met at the moment by the big pharma names. I want to talk about the cost really quickly, there is a report in the wall street journal that found Insurance Companies are up charging cancer treatments by Something Like hundreds or thousands of dollars, what kind of price do you envision for this drug or when youre creating these treatments that hit the markets. In our perspective what we focus on is the patients indoor goal is to make the best therapy available to the widest or largest number of cancer patients. I believe in the strategy of the company has been if we develop unique medicines that are lifechanging that we can develop and reasonable minds will develop a paradigm in which we can get access to a broad population of patients while still rewarding the significant risk innovation that goes into drug development. Liz i will tell you something to see this performance year to date of your stock having debuted during the year that has been up for ipos is pretty impressive, we wish you the best of luck in looking, its up 277 since you debuted in january, good luck with what youre doing, thank you so much. Thank you it is been a pleasure. Tom zindrick of genelux. Wedding the appetite of investors for hostess brands, the twinkie maker shares hitting a record, what is behind jm smucker to gavel up hostess, smuckers investors have indigestion over the whole thing the jelly maker is the biggest locker with s p 500 falling nearly 7 . We are coming right back. dirty deeds by ac dc dirty deeds done dirt cheap dirty deeds done dirt cheap ive spent centuries evolving with the world. Thats the nature of being the economy. Observing investors choose assets to balance risk and reward. With one element securing portfolios, time after time. Gold. Agile and liquid. A proven protector. 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Jm smucker forking a big dough for twinkies announcing it is by the Parent Company snack maker hostess for the 5. 6 billion money, that works out to 34. 25 in cash and stock, the shares of hostess are trading at 33. 50. Right now not up to the price. It looks like its a pretty smart price for the moment on behalf of smucker, j. P. Morgan saint were surprised that sjm is paying this amount in their uc jm smucker down 7 . Hostess became an acquisition after price hikes boosted revenue, hostess went public by adil in 2016. Kenvue rising after Deutsche Bank upgraded the Consumer HealthProducts Company from a hold to a by the Investment Bank says the stock is oversold and sees near time upside it did maintain 27. We have it at 22. 10 right now up 3. 7 , Johnson Johnson completed its spinoff of kenvue last month. Rtx hitting turbulence after announcing hundreds of airbus a320 deal planes will be grounded over the next three years as its pratt and whitney unit expects engines for quality check, rtx known as raytheon will take a 3 billiondollar charge in the third quarter, the stock is down 8. 5 at the bottom of the s p 500, we have meta jumping after the wall street journal reported that the company is working on a new Artificial Intelligence system intended to be as powerful as the most advanced model offered to open a. I. And meadows commercial version, the system would help other companies build services that produce sophisticated text and other output. Look at this nappy mcconnaughhay double fisting the phones making trades at Cantor Fitzgerald and btg partners annual charity day. Look at what happened with Country Music star keith urban worked more than just the phones with Nicole Kidman by his side. Liz keith urban wife Nicole Kidman joining other celebrities while they raised millions as the firm paid forward to the support shown by new york city from the september 11, 2001 attacks. Cantor fitzgerald ceo Howard Lutnick joins me next. His firm lost 650 employees and 61yearold brokers in the World Trade Center but he is all about fostering hope you will see how howard is doing it right after the break. Dont go away. 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 go. Liz today americans once again on read the 2977 People Killed by terrorist on september 11, 2001, ceremonies were held across the nation including here, the biggest in new york city at the original site of the twin towers 9 11 has become way more than a day to remember it became for many including myself a call to action. The charity nearest and dearest to my heart just gifted 343rd mortgage free custom homes this weekend to army veteran evan marcy who lost his leg conservative afghanistan, the significance of the number 343 cannot be understated, that is exactly how many new York Firefighters died when trying to rescue victims in the twin towers one organization that turn tragedy into charity Cantor Fitzgerald occupied the top floors of the north tower in 2001. 650 employees and 61yearold brokers were killed including ceo Howard Lutnicks brother gary. He turned the loss into giving watching charity day on 9 11 the year after the attack 100 of global revenues from cantors trades go today to charity helping more than 150 organizations over the years including my Organization Building homes for heroes its been a recipient and we are so grateful thanks in great part to celebrities that make calls for pledges each year and trades the commissions with this year including former president bill clinton, matthew mcconnaughhay, john hamm was there, big new york sports icons including former giants victor cruz and former rangers mark messier to discuss at all now, Howard Lutnick the ceo of Cantor Fitzgerald. You have to hire matthew mcconnaughhay he was a regular trader working the double fisting of the phones. He loves that he picks up the phone, lets go and i encourage these guys and push the traders, they will do more, she was doing a 4. 6 billion trade i say get it over 5 billion yen she did fivepoint to billion dollars trade, these things are amazing, our clients are fantastic they help us raise money for charity you can hear it in the background, were working really hard all of our employees waive the compensation today. Every dollar of revenue goes to charity. Congratulations liz building homes for heroes sent goosebumps down my spying, how beautiful is that. Liz amazing patrick dempsey, president clinton, this is incredible. People want to always show what, lets talk about how much you expect to raise versus last year you want to best last years number. We do, mondays are not as busy as fridays right here were ahead in asia and london and asked 12 noon we were ahead, last year we raised 12 million and i hope to do a little better this year, imagine that 12 million to about 150 different charities around the world and we did the same thing in london and asia so its amazing and its big and the celebrities make it fun and exciting. My brokers behind the work their tails off every day to give it all away to make this day which is so tough and emotional for us something beautiful. Liz i dont know how you do it somebody made a great trade, what was it. I dont know. Our Options Group is to the right it was a big options trade thats how you no. Liz not as big as 5 billion, that is amazing, i dont how you do it i am not the forgiving type when it comes to things like 9 11 or the holocaust and im still enraged, how do you year after year having lost her brother and six friend and 656 others from Cantor Fitzgerald, how do you continue to move forward and do something so incredibly positive for the memories of gary and everybody else. Look it doesnt mean i forgive in any regard, dont catch that. But we have the families that we for study taking care of, succeeded 50 families that we lost, the best way to show some believe that you love them and make no mistake about it you love the people that you work with, you dont think of it that way but if they rip them from you i promise they would cry, when to take care of them and raise them 180 million and pay for ten years of their healthcare. Another big trade way to go. Thats our job today and then we turned it into all the suffering charity so we can help the communities, the people who care and the people who are the fabric of our lives, we want to be in the communities in our Brokers Community of our clients and like your organization which you introduced us to we love people who are doing the right thing and this helps us turn today which is a miserable day for me, lets be clear into something beautiful it makes me feel good to do something that otherwise would be hiding under my covers otherwise. Liz the 343rd house that we gave to the veteran his dad was fdny, unbelievable how it all came together from building homes to heroes. Take about this we had 2000 global employees we lost 658 and we went all the way down to under a thousand we had secretaries without bosses and divisions with two people that we could not rebuild now we are 15000 around the world, the company has come on big and strong. Cantor is doing great bcg stock is doing really well. Its a new mark which is one of our companies they are liquidating the Signature Bank real estate portfolio right now selling 33 billion of their loans and its an amazing transaction people can go out and look at institutions can buy and its amazing the firm has some great aunt today is a day where we give it all back, build it and give it all back. Liz bcg up 37 year to date i know you wont mind if i ask you market question you said one of the 5 billion trades was in treasuries, where do you see the curve that is best that is an investment at the moment on the yield, treasury market has been an interesting place the past couple weeks. I dont buy the idea that next year there will be four cuts of Interest Rates. I dont buy it. I think the ten year note is going to continue to keep higher it is for in a quarter now and you get a look at a month or two and it will be 440 and you looking its good before 60. Interest rates in the ten year is going to creep up probably closer to 5 . I think the two year because i think the fed is done and going to stick around so the curve and all the numbers are going to come closer to each other, mi and level the treasury market as a rally, no way, i dont buy the cuts imagine the fed raising and now people talk about cutting do you think the fed changes his mind quickly, i dont think so. Liz i am with you and im always with you cantor and bgc with their efforts to pay it forward. Thank you so much howard. Thanks. Howard lutnick. We know him as the billionaire ceo of tesla and spacex in the owner of the Company Formerly known as twitter, now were going to learn a heck of a lot more about elon musk personal stuff when his biography drops tomorrow. Author Walter Isaacson was giving access to elon musk for the book. Charlie gasparino is next when isaacson may have missed when it comes to the future of tesla. The ev maker helping electric vehicles etf drive power higher plus etf genius tom whiting gives us his topics when the claman countdown comes rightu backca. Or moments that matter, 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. Say goodbye to multiple daily insulin injections with the new omnipod 5. The only tubeless automated insulin delivery system. That integrates with dexcom g6. Automatically adjusting your insulin to help protect against highs and lows day or night. Dont wait to simplify life with diabetes. Get started today with no contract, and no commitment. Go to omnipod. Com for risk information and instructions for use. Consult your Healthcare Provider before starting on omnipod. Simplify diabetes. Simplify life. 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Liz shares of tesla revving higher at this hour after Morgan Stanley upgraded the ev maker from wall weight to overweight and raised its price target from 250 to 400 a share. Now it is at 273 and change. Here is what morgan says, the companys a. I. Supercomputer could fuel a 500 billiondollar increase in teslas future market value. The stock is sighing the biggest one day percentage jump since january, boosting s p and nasdaq all on the eve of the launch Walter Isaacsons biography of Tesla Ceo Elon musk making tsunami style waves, charlie. We broke the story two years ago. Liz that he was doing the book. On this show, i did it on this show as a matter of fact. It is an interesting two years since. Musk bought twitter, x as it is called now. Blew a lot of money on that. Probably paid, paid 44 billion. I say 40 billion more than it is worth right now. Liz tried to get out of it. Tried to get out of it. Dont have to go through every detail. That was wild stuff. Lots of copy in the book people will pour over. I will say this i spent time speaking with walter over the past two years how he will approach it because im obviously covering musk. It was a tough book for him to write according to him for a couple of reasons, and the main reason is not just, musk gives awe lot of material. If he opens up to you, it will be god stuff there. That wasnt the problem. The access, anecdotes ability to break news. Walter is a good reporter. He called other people up. There is interesting stuff about musks father and it is eyeopening. The problem was that you know usually writes biographies of people who are dead, that kind of came and went and are known for something. Liz steve jobs. Steve jobs created this. You cant walk anywhere without someone, thats monumental. Einstein, theory of relativity. What he basically told me is that musk is still an open book. It is unclear if his genius, if his output, his accomplishment, will rifle his alleged rival his alleged genius. Tesla remains a question mark. Whether evs will remain a sustainable business. Whether the valuation, people are saying it is way overvalued considered what they sell. Whether evs are something that can revolutionize american sort of driving habits when batteries are created through strip mining Chemicals Using slave labor, that is kind of how its done is a real question mark. Spacex, question mark. Twitter x, huge question mark. The fact of the matter he had to write this in a certain way. I have not dipped into it yet. I plan on doing it tonight. I would like to see how he writes this without, it is hard to write a story that has no end. You know, elon musk has, is not over yet. He is obviously 52, worlds richest man, but so much of what he does could go south theoretically, more than theoretically, that that was his problem. I also asked him i said will you write, if this thing does to south, are you writing a final book. Dude, im 70. He didnt say dude, im 70. He doesnt talk like that. The final book will be written by somebody else. Liz charlie, i dont know how you can say spacex is a question mark. Spacex has had 259 full mission successes. I know. Liz tesla has sold hundred of thousand of cars. Tesla is profitable. Tesla is not as profitable as its stock valuation. Tesla performs like out of this, you know, based on some future growth that may not happen. Electric batteries, so you know, are not esg compliant. You create them by strip mining, by creating liz i get that. But how can you call it alleged genius, starlink. Im not saying listen the guy is stupid. Im telling you, jobs created something that was revolutionary this, there is no doubt about that. I was walking in Grand Central station today, everybody was doing this. Liz try going to the u. S. Open and people are not even watching. This was revolutionary. Theory of relativity was revolutionary. I dont know if tesla is revolution any. Liz i think it is. Im here to say it is. I dont think so. Heres why. Liz gm, every other car company in the world to go ev. Because of esg absolutely. Think volkswagen and porsche are only doing it for esg . Yes, yes. Liz maserati . No way. Where is the demand. The average person is not demanding evs, basically a ridiculous concept to think that average people liz ford came up with his first vehicle, a lot of people couldnt afford it. But evs are created by strip mining chemicals. China controls all the chemicals. I just tell you liz we have lithium deposits in the u. S. Okay. Liz we just need to extract them. Extract them that will cause environmental damage as you extract them. Plus you need to create electricity. How do you create electricity . You burn stuff. Just telling this is, this is not, this is not the magic bullet or may not be the magic bullet is all im saying but, again, that was one of the problems he had. All his ventures could go sideways. Twitter already is going sideways. Liz yeah. Yeah, that wasnt his creation though. Let me just say. It was used his brilliance to spend 44 billion on something worth 40. Liz im not saying he didnt make mistakes. The guy has made a lot of mistakes. That is 44 billion, a 40 billion liz dont say alleged genius. I guess he is a smart guy, what has he created . Did he create tesla . Did he create tesla . No. Liz he actually named as a cofounder, eastern though he wasnt there with the first one. Oh, come on. Come on. Liz he is nonunion, could get a bump from any type of strike. We have breaking news. Thats bad. Liz breaking news on the looming auto workers strike. Moments ago the uaw lowered its demand for pay raises to the mid 30 range. Had been in the 40 range. This is days before its threatening to strike at detroits big three automakers, tesla not included. They are not unionized. Charlie just left. Is he mad . Is he mad . Not an alleged genius. Elon is very smart. We are fewer than 22 hours away from apples big winder lust event people expect new details on iphone 15. Our countdown closer says things could benefit if apple stock surges after the event. Tom lyden, 14 billion under management. After all this, east events thek doesnt do that, isnt that true, tom . It is true it is about the sales. They have two billion customers, liz and a lot of us are addicted, we use apple in so many different ways. With that having a market cap approaching three trillion dollars you cant find that many etfs that dont have a holding in apple, right. Yeah. I was looking last week, when apple, week 1 2 ago when apple started to fall and rom, proshares Ultratech Company etf and it was taking a hit too, but then you start to see these things move higher when apples in it. Talk about some of these, bny mellon innovatorss bkyv, sprx. What is their exposure here . The idea, are liz were talking about a. I. Opportunities. A. I. Is what Everyone Wants to have a piece of and etfs play a big role in that. There are three different ways. Number one invest in Companies Embracing aeto bring it down to the bottom line. Number two, invest in companies that have the business of a. I. And i have a couple examples here that are robotics, a. I. Related etfs, are not just the googles and apples of the world, they are real a. I. Related companies. Number three great option you have couple etfs use a. I. To determine with when they buy, and when they will sell it. A. I. Strategies wrapped in etfs with kraft and btd these are buying and selling really fast so that humans cannot keep up with it. Look at a. I. Related etfs and look under the hood. It is not just buying the apples and googles of the world, it is companies affected in their bottom line and their profitability and their growth through a. I. And there are a whole bunch of choices. Liz tom you always got choices, you always give us names. Thank you. It is great to have you tom. Great seeing you, liz. Liz you got it. Look at the dow up the third day in a row looks to gain 78 points. Speaking of innovation, 23andme ceo is joining us live tomorrow in a fox business exclusive. Of course well be all over the apple wonder lust event and all the stock reaction. [closing bell rings] that will do it for the claman county down. Here we go with a gain for the russell, s p and transports. Larry is next for kudlow