down 2% or 269 points and russell lower by 44 points or 2.25%. we also have some breaking news involving a two pronged headline. first prong bed bath and beyond chairs are crashing at this hour, down 43.25% getting close to session lows of $10 -- well, made a new session low, $10.53 was the new low, we're at $10.52 and is this is on top of yesterday's 20% dive. folks, even if you do not own this stock, you need to listen to the investigating message here. this is not what happens when an activist investor in this case, ryan cohen founded chewy and the co-owner of game stop quietly dumped his entire stake on tuesday. retail investors in the reddit chat room love to play bbby are pointing out cohen's shares flooding back on to the open market did not technically affect the stock when that happened. shares closed up 44% on tuesday. the stock was up again on wednesday and only when cohen's regulatory filing yesterday revealed the sale did the stock, on the right part of the screen, it vaporized much of the 365% it had gained over the past month. water way it's dunking other meme stocks, amc, blue apron, fubu down 10.5% and many names are lower anywhere from as we said about 6% to close to 11% at the moment. the second prong of today's headline: high growth, high multiple name haves nothing to do with reddit. self-described ape traders are diving at this hour. lucid down 7% and mercado libra down 5% and docku sign is down also. bitcoin and ether are messy at this hour and bitcoin losing $2,007 and either yum down well below $2,000 a coin. can you blame the federal reserve for what we outlined? over the past three days, four fed bank presidents have used the verbal version of a red sharpy pen to make very clear the central bank is not done raising rates. let's put all of this together in the "claman countdown" couldron. how do you see this in the final hour? >> that, liz is only part of the answer. answer computers are piling on and cal gather rhythms are going and you've got a massive cocktail of toxicity today. volatility even under normal market conditions would be expected. this is a global margin call and people throwing in the towel, whatever you want to call it but you're seeing massive rundown into the close here. liz: dutch, we're double figures 354, 55 points for the dow and falling. dutch, can you hear me? we're going to wait on dutch and see if we can get his audio fixed. keith, talk about the fed as we said and i hate to keep bringing it up but now they have made it very crystal clear that they are going to continue raising rates because this inflation is just painful for everybody from the rent to the food et cetera. is it time, in fact, to then buy the best, as you say, and leave the rest on the side of the road? >> oh, absolutely, liz. buy the best, leave the rest, forget the rest, ignore the rest. whatever verb you want to use. that's been my mantra for much of this year. the quality names and reliable names are putting up numbers and still growing and the business case for owning them is getting stronger so on days like today, this is the only store in the world where people should run to it. in fact, run away from it. this is where you've got to pick your names carefully, you've got to get the best names and those will be the ones stable and be there when you need them. the stuff that's the meme stocks, social reddit raiders, those are the questionable things and high stakes gambling and go to vegas and have free drinks and have fun. liz: that's if you're gambling. i never do. i can't figure it out. >> i can't either. liz: dutch, is dutch there? okay. he's not. we're trying to continue to establish that. all right, so let's dig down deep into what's going on with this reddit rebel trade and the meme stocks because these are individual retail investors who have shown muscle, respect; right, but at the moment they've been tossed this kind of wrench into the whole system with ryan cohen selling out his shares. bed bath and beyond is suffering at the moment and what's your message to the individual investor? >> if you're a individual investor, it's awesome and powerful and what you need to do. you've got to understood that the bigger -- understand the bigger investors and sophisticated investors are laying on strategies that aren't apparent. rather than doing what you think needs to be done, do what rale street is doing. wall street is doing. what ryan cohen did is against the spirit of law. this is a rug pull of the highest order. the ironny here is he turned on the very people that elevated him to demagogue status and play the game but smart and learn from what's happening. do not repeat the past. liz: let me push back a bit on this. every individual investor has the freedom to buy and sell whenever they want ; correct? unless it's robinhood who shut down back in january of last year and wouldn't let people buy. to that end, he felt he wasn't getting movement on bed bath and beyond and he wanted them to divest of buy buy babe and this is a bigger story for everyone. >> that is a fair point and again, there's a lot we don't know here. but i will simply say something smells funny. there clearly needs to be an investigation. if for no other reason to prove that the trading activity he engaged in was legal because that's going to answer a lot of questions. if it is legal, then there's nothing to hide. but the fact is it is not being perceive that had way and being perceived as something nasty and sleazy and dangerous and that's the part of wall street that's desperately broken and where all the apes need to stand together and the individual investors because if there's going to be reform and we can buy and sell freely in a market that's fair and transparent, those questions need answered on days like today. liz: indeed. indeed. let me just toss to you the cryptoconcernty picture. i was doing a live -- cryptocurrency picture and i was doing a live tiktok on upping people on what i thought would be a freaky friday and appears bitcoin is tracking what equities are doing right now. they were asking me about shiba inu in some of these bitcoin questions and what's your message about digital money? >> digital money, in particular, liz, it's important you separate this because there's no question in my mind or rational investor's mind that digital currency is our future. what does that look like and where does it go? my message is the same as with stocks, particularly now. it'll be best, not rest. the two at the head of the class will be ether and bitcoin. which will win? i don't know but i submit ether because of the integral relationship to the market and bitcoin up 30 something percent and keep those numbers to small amounts you won't miss if everything blows up and big enough to make a difference if they do succeed. liz: good advice. i appreciate that. er is getting hammer -- ether is getting hammered right now. we've just established a quick new low for the dow down about 320 when we started and down 371 and dropping at the moment and feels like the friday where people don't want to go into the weekend long. that said, how about this: lunch in london, drinks and dinner in miami? yes. according to ultra fast jet maker boom supersonic, which this week nabbed a major order from american airlines, even though the jets won't be ready for years. will a faster plane solve the flight mare that traveler haves experienced this summer or will it be up to the government? boom supersonic ceo is next. closing bell, 50, 5-0 minutes away and we're testing the lows of the session down 362 and s&p lower by 63 and nasdaq made a new low, a loss of about 287. we're coming right back, don't go away. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, 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 1-800-217-3217. we'll 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 high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. every search you make, every click you take, every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy app with a built in search engine, web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. look at airline stocks but as you see they are falling pretty dramatically and american airlines down 5% is one of the laggers on s a&p and nasdaq 500 and we have all kinds of equity optoptions that are expiring to, about $2 trillion worth of them and maybe that has something to do with the volatility we're seeing and the dow jones industrial is off the lows of the session down 300 points, low of the session about a loss of 369. back to the airline stocks. why all of this red? they're facing significant turbulence in the final hour of trade after transportation secretary pete buttigieg pinned a strongly worded letter to the ten largest carriers saying the disruptions travelers experienced was unacceptable and demand they fixed the delays and cancellations that wrought so much havoc and buttigieg saying the department of transportation is weighing its options to write new rules that would expand the rights of airline passengers. airlines clearly need to get their act together, they are going ahead with speedy purchasing. united and then earlier just this week, american airlines both placing nonrefundable orders for boom supersonic's overture aircraft at 3,190 miles per hour travel at twice the speed of today's airport. sydney to la, taking 3 hours with this plane. boom will begin passenger flights by 2029. is this at least the answer to some of the airline's problems right now? let's find out from boom supersonic founder and ceo blake scholl. an airline start-up and aviation start up and i hope the airlines figure out how to banish the flight mare sooner than 2029 but talk about the supersonic jet. it's giving us concord 2.0 vibes. how will it differ from the concord, which stopped flying way back in 2003? >> the most important difference is it's going to be affordable for far more people. a ticket on concord set us back about $20,000. it's not transportation for very much people. our ultimate goal is to make high-speed available for anyone who flies and on that overture 1, it'll cost a quarter of what it did on concord so available to a lot more people. liz: let's talk a bit more about the details of it. again, it goes just slightly slower than what the concord was. it went 1,354 miles an hour. you guys go mack 1.7 which is 1,304 miles an hour. how do you start up an aviation company, blake? i know you have your pilot's license and you had much success working as an executive at amazon and groupon, but how did this come about? >> i had a lot of personal motivation. my kids had a grandfather who lived in hong kong they only got to see three or four times before he passed. why? because 18 hours is too long, especially for the very young or very old. i started looking at supersonic eight years ago, i thought i'd get two weeks into the reservice connected and have be done. research and be done. i found a whole lot of unconventional wisdom and no aircraft start up since 1921, it's been a venture reigns leading. it need -- century and it needed entrepreneurship and regulation and we need to do it. so we are. liz: wait a minute, the technology exists? the concord built in 1969, last flight was 2003. how is it possible that all this time, since 2003, we haven't had any industrial motivation or at least ability to improve the speed of travel by airplanes? >> i think we've suffered from this d duopoly and there's two aircrafts in the world and want to focus on protecting what they make and don't want to be disrupted and don't want to build an airport that takes the most profitable passengers out of the ones they're flying. it needs a new company to make this happen, but i think that the potential is very large. like i said, we ultimately want to displace subsonic as the way that we all get arnold the planet. liz: well, i'm quite sure that the two that you spoke of, which are boeing and air bus, are rather threatened by you. american signed the deal for 20 boom supersonic jet this is week and you had united, virgin is already a customer. who sells in the pipeline? >> there's hardly an airline on the planet that's not interested in this and it's what passengers want. they want flights faster, more affordable, convenient, and more sustainable than what we have today. boom has now built and rolled out our first test airplane and the only company ever to build a supersonic jet. people are saying passengers want this, i need to have it. liz: yeah, and i do have to ask because we had ed bastian, the ceo of delta on the show and i want you to hear what he said and we'll talk about it. >> we're not ready to make that announcement yet, liz. we've been talking to boom over the last couple of years. candidly i have a lot more questions than answers still that need to be resolved. until we're confident that we could actually generate a reliable return from the aircraft, we're not -- that's not where we're investing. liz: okay, he says he's had conversations with you. how do you get a guy like ed bastian and an airline like delta on board? >> i think he said it well, we're not ready to make that announcement yet, but we're excited for the conversations we've been having weed and his team and -- wee with ed and hism and we're confident that as we continue to show what the airplane can do, more reach the same conclusion that united and american did that it's great for passengers and it'll be great for the world as well. liz: starting up an aviation company like yours, it's got to be expensive. how are you getting funding? >> we've been able to attract numerous sources of private capital as well as customer capital. we've raised roughly $600 million, some from investors, some from non-diluted sources. the market for this is huge. we see ourselves building hundreds if not thousands of airplanes for airlines, also probably some defense applications as well. so this is a multi-hundred billion dollar if not a trillion dollar market, and for that reason it's been very attractive to the people who are backing the company. liz: it's fascinating. that's a beautiful plane. we cannot wait to see the test flight. we got a pilot shortage. how long is it going to take to train pilots? >> we're designing overture so that the average airline pilot can fly it safely. learning to fly overture will not be that different going from a boeing to an air bus. liz: all right. well, boeing and air bus better watch their back. i'd be interested to see how they react to this. blake, thank you very much. good to see you, and we'll be watching the company. >> thank you, liz. liz: blake scholl of boom super-er sonic. from planes to boats and lobster men are feeling the pinch when it comes to inflation. up next, we're going to travel and bring you along to the coast of maine to find out why the rising cost of your lobster roll is not translating to profits for the folks catching the crustaceans. closing bell 38 minutes away. the losses have calmed down just a bit. s&p down 54 and nasdaq 257 and dow still losing about 289 points but moderating just a bit. we're coming right back. don't go away. liz: fox business alert, we take a look at general motors and im saying this because gm is giving the signal that maybe the worst days of the pandemic is over. shares of the autogiant popping 3% after re-instating quarterly cash payments to shareholders that gm suspended during the height of the covid lockdowns in april. however, the dividend will drop from the pre-pandemic level of 38-cent as share to 9-cents a share. it's a slow walk-back but it's happening. it's increasing the share buy back from $3 billion to $5 billion. rivian taking a beating after canceling the r1t, down 3.5% off the lows. not even that bad and ev maker said customers that preordered the $67,500 explorer package will be forced to cancel their preorder or upgrade to the $73,000 adventure package. rivia n said its lower priced r1s suv will be discontinued as it attempts to simply fie and streamline the supply chain. could rivian's worst days be bind them. filings show billionaire investors ray dalio and dinehorn increased on the second quarter. way fair plunging at this hour after the layoff of 870 employees. stock down 20% and the online retailer and pandemic darling said it'll incur costs of between $30-$40 million due to severance and benefit payouts payou consultant firm said 50% of ceo respondents are reducing overall head count. we look at foot locker. they're sprinting higher by 21%. on news that it has hired f forr ulta ceo to take the reigns and she'll start september 1. during dylan's time at ulta, both revenue and the stock tripled. footlocker announced earnings of $2.07 billion. here's something investors haven't seen lately. warner bro's discovery stock is one of the top leaders on the s&p 500. the 3.6% gain comes ahead of sunday's hbo max debut of game of thrones spin off house of the dragon. wbd has suffered through a brutal year falling 4 2% since january. house of the dragon is the pre-cprequel to the game of thrs or got as its known, promises intrigue and violence. i'm about to get violent if lobster gets anymore ex-pen civpensiveand we're being told s will shell out more for the lobster roll as inflation drives up price again of the catch and in turn is pinching the profits of lob terrific men that work -- lobster men that work hard to catch it. jeff loche live from a lobster port in port, maine. jeff. jeff: on board a ship. they don't come fresher than that, that one is ready to bite you. if you blow on the -- watch it. he snapped close. isn't that something? i tell you, this is right, what you're saying about the pinch right now because even though lobster prices at dock are down, they're staying up for lobster rolls and that's even though the inputs for this and by the way, i got to show you, this is lobster food, that's the lobster bait called minhaden and that's herring and they even use pig skin right there to bait the lobster traps but let's go ahead and bring a lobster trap up and see what it looks like. go ahead there, sunny. this is sunny beale and his sons damon and caden. let's see what we got in this one. what do you got in there, sunny? >> we got a couple lobsters. jeff: the harvest has been excellent this year; right? >> it's been pretty good. jeff: the problem is you're not getting paid for it. >> it's the lowest price i've ever seen in my lifetime. jeff. really? and you've been in the business? >> 40+ years. jeff: and it fell out of bed as the traders say and last year you had a great year. >> last year was probably the highest price i've ever seen so yeah. jeff: that's because the demand has been down so you got a lot of lobster and, you know, at the dock you're not getting it. >> yeah, well, you know, the domestic market has kind of fallen off a little bit and, you know, with the recession and stuff, lobsters are a luxury item and they're the first thing to go. jeff: i was going to say and these are all legal we're looking at? >> yep. these are all legal. jeff: don't hand it to me with what i'm doing here. whoa. it's amazing, liz, when these things open up -- open up, buddy. open up for me. liz: blow on this again. i want to see that pincher. >> i'll hold onto it. jeff: that was kind of cool. liz: now i'm feeling guilty. jeff, throw it back in the water. i feel bad. jeff: i don't think he'll be happy if i throw it back. liz: jeff, he said -- i need to clarify something, jeff, he said it's the lowest price he's seen in his lifetime but you go into any store and sometimes it's like $100 a pound depending on where you go. i don't understand the disconnect. jeff: it is a great point. explain to liz the disconnect on the price that we're paying for lobster at retail and what you're getting right now. why is there such a discrepancy? >> i think most of the reason is, you know, like with anything, you know the price -- once the price goes up on something, the people selling it know that consumers will buy it for that price. jeff: we hear that with gas prices. >> they're not going to put the price down if they can sell at a higher price. jeff: what does the bait cost you? >> when we go between bait and fuels, we're looking at somewheres between $600 to $1,000 a day just to go out and haul. that's our expense for the day. jeff: you're not getting that back? >> not getting that back. jeff: damon, hand me a live one, will you. got a live one there? i want to show liz one more time. with his things open. there you go. this is a great fresh one, watch your fingers there. liz: be careful. jeff: do you name them by the way? is this lizy? do i name them? no. >> you can name them if you want. jeff: she's got sharp claws too. >> it is a female. jeff: just throw it back she says. can i throw it back? >> sure, you want. it's a keeper, it's going to cost. jeff: i got to pay for it if i put it back. liz: be free. oh! sorry, i needed him to go away -- her. thank you, jeff. thank you, sunny. sunny is like that's the last time i let a reporter on my ship. >> we don't let anybody fall off the boat here. liz: thank you so much, jeff. a very interesting story. we appreciate it. jeff: fun day. fun day. liz: sunny, thank you very much. from boats to holiday hide aways and all the stories of millennials and gen zers unable to purchase homes because they're slackers. the companies that are helping them rent out manage and earn money on the vacation property says you know what, the kids are all right and in fact, wait till you see where they're buying and home sharing. the ceo of vacasa next and we've got the closing bell ringing in 25 minutes and dow is lagging here, down about 295 points and we stand at 33,698 and the s&p is at 4,228 losing about 55 points. wed are coming right back on this friday. liz: yeah, you might have seen headlines like this recently, housing crush sours millennial voters or how about this one: inflation and high rent have gen zer's living at home permanently. okay, look. that might be true for some but when it comes to the home and vacation rental space, it's actually those two generations who are dominating purchases. vicasa is a reigns leading vacal company and taking commission earned by homeowners and collecting fees from guests and in turn they manage the whole situation. vaca sa does not rely on leasing vacation homes and is not a competitor to airbnb. 51% of today's vacation rental property buyers are gen z and millennials. joining me now to break this all down in a fox business exclusive is the vaca sa ceo matt roberts. our lovely friend stuart varney saying millennials are lazy and not doing enough or slackers. here you have millennials buying and renting out small cottages and vacation rentals. these are not mansions on the ocean i would imagine, but tell us what you've discovered. >> both the sharing economy is really impacted millennials and gen z, everything from ride sharing to home sharing. they're used to using it as a consumer, as a guest, and realized these are good investments. if i can buy a home and rent it out and offset the operating cost and also have home value appreciation, that's a smart thing to do. liz: you do the rental management. tell our viewers exactly what you can do for somebody who's renting out their cottage or home. >> it's great. what they do is they purchase the home and decide when days to use for themselves and we take care of everything else. they use our app to book the nighteds they want to use and then we mark it, price, service the home and write them a check every month. we make it very, very easy for homeowners to monetize the asset while also being able to still enjoy the property. liz: you know, this is a real business for you. you're obviously making some coin here because your most recent earnings, your stock soared 28% on the day you released results a few days ago and beat on top and bottom line and raised fiscal year guidance and up about 26% year to date. it's been a struggle though over certain periods here. how do you make this more reliable of an investment for people who might be watching right now? >> well, from an investment perspective, our business is really fantastic. we're really the largest scaled operator focused on this area: supply. we believe that the important and most constrained part of vacation rental industry in total is the supply side. there's a lot of demand but not as much supply online yet, and that's our focus. we are doing a fantastic job by applying technology to bring that supply online and had a great, solid quarter, basically people are still traveling. they're still preferring to spend their discretionary income on travel. based on that strong demand, we raised our guidance for the year and we're actually forecasting for the year now, you know, range on the high end is break even for the year on adjusted basis. that's a full year earlier than what we initially promised investors. business is going fantastic. liz: that's important because people watching right now looking out, if that's exactly how the forecast comes out to play, that certainly would be valuable to people who are listening at the moment. i want to talk about some of your hottest destinations, and it's interesting because as we were talking about it in our "claman countdown" editorial this morning, we said we haven't heard of some of these places but the top 25 markets for buying a vacation home this year based on capitalization rate or rate on return of investment, lake anarama, virginia, palm coast, false positives. florida. those are the best for value and are those the most popular and what are you seeing and trends? >> not necessarily the most popular to purchase. they just have the highest caprate so rate of return. i think that the destinations that have most of the demand associated with them are also still very popular destinations to purchase because the same people want to vacation there? what you point out is there's tons of different locations that are not really well understood throughout the whole country and local communities and local areas enjoy going to for their vacations and vacation rentals is the perfect solution for that and as a result you're getting more and more buyer interest in those areas. liz: how do you model for what appears to be not necessarily week-to-week but month-to-month higher mortgage rates? at the start of the year we were just above 3% for 30 year fixed and today we're at 5.66%. that's the average 30 year fixed. i will say that the 30 year fixed according to fredy mac fell this week from 5.2 2% to 5.13% but when you're looking at those numbers, that adds several hundred dollars onto a monthly mortgage payment. how do you foresee that affecting your business? >> sure, big jump up for sure. but this is where actually we become even more valuable to homeowners because we provide the source of income that helps offset their cost so in many ways, rising interest rates is more of a tail wind than a head wind for our business because of that fact. we become more valuable to a homeowner's in a situation where they have more of a need to offset the cost of higher mortgages. and, you know, in general any economic condition where they're looking to generate more income, that's what we do. we make our homeowner's money. we're in a really solid position in that regard. liz: we'll be watching it. matt, thank you very much. >> thank you, appreciate you having me on, liz. liz: any time. labor shortages, have you got you down as a employer? entry flippy. this is a live picture-over the robotic cook who works the fryer at fast food restaurants. we're going to take you to a white castle in indiana to see how automation is helping the restaurant business deal with the labor shortage. that is next. folks, we're about 12 minutes away from the closing well. we do have the volatility index, the fear index, above 20. remember, it was down below 20 for quite some time and that was a good sign there was some calm in the markets. it's just slightly above 20 but nonetheless we wanted to point that out to you. with the dow falling 302 points, we have much more ahead, don't go away. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. liz: we are looking at a market in the red. the dow is down 290 points. we have wage inflation. wage inflation and labor shortages are frustrating employees who can't fill positions. as that happens, robots are making their way into nations kitchenwide. a new row bopts called flippy is leading the nation in fast food cooking. madison, these robots are members of the staff? >> this is flippy 2. it's been working well for this white castle. they are being put into 100 locations across the nation. they love the cost savings and how it frees up employees for other tasks. now all an employee hah to do is load food into the basket and flippy will do the rest. it can tell if you are loading in french fries or onion rings. >> every major brand in this industry has its eyes on flippy to see if it's real and is it performing the way everyone says. >> the robotics have been working on flippy 2 for years. it couldn't be happening at a better time, considering the labor shortage. i have been in their hair all day long. flippy works, and they have been nonstop and the robot also works nonstop. liz: necessity is the mother of invention. thank you, madison. whether it's the founder of dave's killer bread who went from bring on to the company. how people started with nothing. and by the way, the two brothers who founded the comfy, that body thing that keeps you cozy. it's like a gigantic super soft poncho. they never sewed a thing in their lives. closing bell, we are four minutes away. it's been a tough session. for the people, all the major averages are in the red. we should look at the 10-year tremendousry yield which is putting pressure on technology stocks. jeff cjeff carbone, help make us understand why technology stocks don't do well on any given day. >> we have seen a lot of technology to put the apples tess las, microsofts. so a good time. just like you mentioned in your last session. as wages rise, the company is going to start the see the opinion' not just from rising wages. but inside rising costs. you take a market that was selling 16 times forward earnings. it's now 19. it's starting to feel expensive again. time to take a barbell approach and a little bit of growth. tied with things that do well with sticky inflation like materials or energy. some good placed to be. liz: can you open a window into the way you pick stocks? we know we have an inflationary environment that's slightly slowing down. and we can put the names of the stocks you like up here right now. what do they all have to have before you will give your thumbs up for them? >> we'll keep it simple. we call it our quad process. we look to the growth side, are things growing, improving, getting better. the rate of change of that growth and we look to the other side with inflation. is it rising or falling. if we take growth of inflation it gives us a framework to start making a decision on what does well in those environments. growth has been coming down but inflation remains high. technology, like healthcare, materials, energy, right? we put those together. we kind of put a simple process for our clients. most of them get to see and understand it. there is a lot more that goes into that data. there are 30-6. >> data points and we look at the rates of change and couple with a sector analysis, then break it down to actual picks. we think it's a time to dive deeper into individual names. you mentioned some of the ones we like. united healthcare. it gives you that balance of quality, but also good defense in the healthcare sector. and others. >> jeff, it's great to have your perspective. we have the losses extending heading into this final 30 seconds. all three indices poised to follow lower. david: welcome to a special edition of "kudlow" pr i'm david asman in for larry kudlow. the white house continues to insist their inflation reduction act will lower costs. hillary vaughn is live from capitol hill with the details. reporter: thpr

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