The Claman Countdown : FBC : June 5, 2024 3:00pm-4:00pm EDT : Free Borrow & Streaming : Internet Archive (2024)

and binge watch television. i did not even think that's work/life balance and people they're achieving that by doing this. till you find something you love to do when i worked at mcdonalds, i was a hell of a mcdonalds worker. it's a act i'll keep with me for the rest of my life and hope everyone around me feels the same way. i know someone else that feels that way, liz claman. liz: my first job was developing photos at a one-hour photo business. charles: that must have been real cool. did you peek at all the pictures? liz: of course. there's far ragaini faucet and

farah faucet and ryan o'neil at a party. thanks, charles. we have inflation in the services sector. it's still stick jim jordan and yet look on your screen. liz: look at individual stocks and no shock here and nvidia heading up and up and away and chip king breaking new barriers and it along with taiwan semi and hewlett enterprise centers are reaching levels with the

products and services and hpe topping s&p with that gain of that's up for than expected by 4.4 points by april's everything blasted ten percentage points higher to 61.2% and a 19 month high. thatches counter balanced by sdp and job creation in may at 152,000 and missing 175,000 gain.

it's not just the stock market focusing on that weakness and running up. we've got both of those yields fallen more than 32-basis points a week with just over the last five trading sessions is that a screaming signal and fed could cut sooner rather than later? actively to invest on the odds is the fed funds futures and contracts based on what the fed's benchmark rate will be at each meeting and right now july showing an 18.5% odds but look at probability of a quarter point cut that would take it from five and a quarter to 5.5% down to 5 to 5.25%. september now at 70.6% odds. one week ago, it was just 46%

odds of a cut. 26 million a day new record, what does that tell you on behalf of investors to trade mostly interest rate futures? >> it tells me a lot of things and some of the economic information you gave there is clear as mud. so there's so many differing opinions with adp and everything else being different in the market reacting in a different way.

we saw what happened to svb and other banks that did not mansion duration properly and bodes well for cme as far as people managing and mitigating the risk of the treasure market and 3.5 million treasure futuring in the single day and biggest day in the history of cme group. liz: is that what generated it or more than that? >> i think a bit more than that. when you look at fed fund futures and clearly pointed out what the probability is and we've seen probabilities like this over the last year, 70% probability we'll cut six months ago and that didn't happen. when june cops, if there's no rate cut, i think equities and bond market will split apart and equities continue to rise and

yields are continuing to start in the fall now. it's really interesting and now people are making those hedges. it's the time of year we're running out with the clock a bit. liz: we're one week away from announcement by the federal reserve's open market committee, rate setting committee on the meeting and they'll probably pause and it's the so-called thought plot where each of the voting members stand where rates might be by the end of the year. that really kind of juices up the activity in the fed funds futures. what was ha year or two years ago? >> much less. in a zero rate investigation and it was much less and spiked significantly over the last couple years obviously. liz: what does that mien for, i

guess, your bot toll line? obviously right now you guys are doing incredibly well. there's commission from the contracts. >> what's interesting is there's been no fid movement for well over a year and no rate increases either and yet seeing historic volumes at cme at treasury complex and counter intuitive to the fundamentals and i think investors look at if interest rates go down, that's not good for cme. that's not looking at proper way. 2009 to 2020. that -- those were times where you saw the grade go down. did that hurt your bottom line?

>> no, we have a whole host of different issues today that we did not have in 2009. so i don't think you can compare it, i think that's not a fair comparison. today what the rates where they're at, which is the highest they've been in the shortest amount of time and they increased them over the last 40+ years and that's a lot different than 2009-2020 as you referenced. we see it differently. liz: you could also see something else, another type of contract taking its place. i look back to 2017, you were on the show when you guys launched the bitcoin futures. what kind of increase have you seen since then? >> multiple increases and the price has a lot to do with it and people are more interested and sec ruling on etfs and more participants into the marketplace and again, we have

to validate the use case and dealing with bitcoin fraud or cryptofraud and that's a problem. the use case for the general public relating to the asset class. liz: okay, the bitcoin futures is a mr. wingate: for you win win for you guys? >> there was a rumor but it's not true. i still beef it's impor cme and credibility as a regulated market lace as you outlines that we have the tools in place to manage this type of market. right now, i don't know if spot bitcoin is in the direct cards for cme. liz: take a look at nvidia, it is reaching $3 trillion market cap at the moment.

price is $1,219. does that enthusiasm over a single stock surprise you day of day after day? >> it does and reminds me of a crowded trade and i don't like crowded trades. i think the market, s&p 500 now an s&p 7. it's important that we we get more layofoffs and people tradig stocks and not just the seven individual names and we're doing great business today. liz: the plan to get together and start a texas stock exchange. >> oh, yeah. liz: that would be equities but who knows after several years. do you look at startups of those type of stock exchanges as maybe

an upcoming threat? >> i know nothing about it and heard about it today that i think it was citadel and blackstone. liz: blackrock. >> blackrock. it's listing agents at nasdaq. liz: two owners? >> could be. people think that and i don't have enough information about it and heard about it. it'll be interesting to see where they take it. liz: what's the next hot contest you think and you think it'll do really incredibly well later on? >> i don't know if it's the product or participant. it's the participant that excites me the most and with technology and artificial intelligence and police officer ration of markets going to -- police officer ration and markets going to every -- proliferation and markets coming to the line and drive their own

cars and fly their own planes or whatever, they want to control their own destiny with the marketplace and that's a huge mass of people. look today, liz, all the people that are in gaming or gambling or whatever, everybody has it on their phones today. they're now participating and want to participate in something other than gaming and i think it'll be markets and on their own terms. liz: kind of did in 2021 with the meme stocks. >> more broader and based in futures and event contracts and things of that nature. liz: terry, a headline and you've ditched chicago black hawks to go for the panther s? >> my dear friend, vinny viola. liz: yep, i know him well. him owning virtue trading. >> first time from the industry in the stanley cup final and it's really kind of fun.

liz: there's a stat. >> last year and this year, florida panthers, go cats. liz: terry, good to see you. >> good to see you. liz: thank you so much. high interest rates more expensive to get a loan and weighing on recreational vehicles whose customers depend heavily on financing with the hv purchasing and signaling one rate cut this year and will americans turn their focus back to the campground? we ask the ceo of world's largest rv manufacturer thor industries and equities and lifestyle properties. the "claman countdown" is coming right back and the s&p and nasdaq. nasdaq up 301 points and in fact we'll change the lower third mark to that . stay tuned. (grandpa vo) i'm the richest guy in the world.

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liz: s&p 500 and nasdaq both on pace for record closing for the nasdaq and 13th record of 2024 and s and, the 30th -- sorry, no. 25th record. i'm close. 25th record for the s&p. 13th for the nasdaq. rv maker thor industry stock on

a winding road all mission long and stock fell to as low as $91. it's at $96.32 after the company announced earnings and $2-point # billion in revenue and thor lowered full year guidance for shipments, consolidated net guidance and summer travel season kicking into high gear, what's behind the slow down and when does the company forsee a turn around. we have the thor ceo with us. you're joining us on a great day, bob.

>> yeah, for us i think our investors and long term investors know we're realists and there's interest rates and unrest in europe and election year, and things that will be head winds for things that are interest rate sensitive, and we know through the rest of this year, it's going to be realistic. it's going to be a bumpy year but great things to come still and we always look at long term. we're a long term hold, long term play, and we want our investors and customers to look at that always. liz: i've always thought about an rv purchase as something huge that people make.

therefore when they come in and look at one and then pay for it or get financing, how long does that take? we're at unofficial start of the summer season. what are sales looking like at the moment? >> right now is the front end of the camping season and people come in and seeing interesting things where people are searching much more on the web. and come in and kind of already know what the product is they've picked out and want to see it in person. now people are looking for outdoor adventure and, you know, versus hotels, flying, it's gotten very expensive. a travel trailer can be

purchased for under $15,000 and that's many trip ifs the summer and fall and boating industry are primarily summer. what our customers look at all these things, it's quite affordable. liz: talk about some of the prices here. >> yeah, the most popular brands is the jaico and it could be either a couple that's retiring and has a queen bed in the front, twin solitaries in the back or get in that same size a bunk bed unit made for a family of four and mom and dad are up front and kids in back in a bunk bed and great entry level piece that can be towed by most trucked and large suvs and again, they're using that for multiple trips throughout the

year and again, they're not just using for campgrounds but concerts and racing and big events. liz: the iron bowl. you've got the airstream, one of your companies that you own, airstream caravell and he recollects that's $75,000 and a bit more expensive and go up as high as about $677,000. who's buying that? rock stars on the road? >> you'd be surprised. it's high end motor homes and people living in them and winter condo and rather than buying a condo, they're buying something over 400 square feet and can move every week. it's got a perfect layout and typically made for two people, grand kids can come join and

sleep on a pull out couch and older customer that are traveling and this is their retirement home. then the airstream is the iconic rivetted brand and it's got a cult following that's very unique. it's how the company started. my boss peter bought airstream for a very low price back in 1980 and it's become one of the most popular and iconic brands. liz: got a lot of actors going out there and getting those and having them on their properties. bob, before we g i have to ask you about evs and ford showed incredible jump of 64% and kia, i see a lot of kias on the road, up 127%. these are year over year may electric vehicle sales. i know people love the headline, nobody wants these things but there's demand. about a year ago or two, you came out with a couple of concept rvs that were evs.

where does that stand? do you think that that's a possibility at some point? >> definitely. when we bought our group there was a company in europe that towed up and over in the al pes and the trailer we design lost no mileage up and over the alps and people think ev losing 50% of towing and what we've designed in europe and showing the trailer that have a drive mechanism in the axel and recharging brakes so we introduced that two years ago so we have the technology. we're simply waiting for the infrastructure to catch up. we want to be the first and you're showing it in the parking mode, which you can unhook and park with an ipad.

liz: when it comes to market, we want to see this thing. bob, thank you so much. >> thank you. liz: extraterrestrials and nasa and they're headed to the international space station and mode of transport is the boeing built star liner capsule and how is the journey that launched this morning progressing? we'll get you a live report from kennedy space center, next. ♪ hi, i'm kim, and i lost 67 pounds on golo. when i go out with people,

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>> go star liner. god speed, sunny. 10, 9, 8, 7, 6, 5, 4, 3, 2, 1, ignition, and liftoff of star liner atlas 5 carrying two american heros to the stars. liz: gutsy american heros and one giant leap for boeing after the star liner capsule finally launched carrying screw into

space for the first piloted test flight. there's a bit of the stock moving slightly higher by about three quarters of a percent to $189.94. live to kennedy space scener and the lucky one, jonathan got to see it. reporter: i won the news lottery after months of delays and two scrubbed launches and boeing star liner took flight launching this morning, and that launch was really as flawless as they come. atlas 5 carried the spacecraft into space with astronauts butch williams and sunny willmore on board. if the test is successful, nasa close tore having a second commercial astronaut for shuttling them to and from the international space station. as reliable as spacex has been, nasa likes multiple options so

if there were a safety issue to temporally ground one type of rocket or spacecraft, they would have another. >> it's not a competition. it's two providers go the to the space station. spacex is up there and we're up there as well. reporter: spacex posted congratulations on a successful launch. liz, star liner is scheduled to dock with the space station a little later tomorrow afternoon. liz: the lucky one. congratulations, jonathan. thank you very much. fox business alert. look at dollar tree hovering around bo bottom of the nasdaq d says it's exploring a sale of the family dollar unit.

earlier this year, the company outlined plans to shudder 970 of the family dollar stores and has to close 150 stores by the end of this year. stitch fix stitching together big gains after posting norrower than -- narrowly than expected quarterly losses and current quarter guidance better than expected and stock took off, up 25.6% right now on track for its biggest one day increase, back to december 2020. down 97% from the record close, this is going to hurt you. right now, $3.36 it was and it was $106 on january 27 of 2021. nba is reportedly dribbling

towards television deal withs nbc, espn and amazon. according to "the wall street journal," the deals could be worth a combined $76 billion and would be implemented after the 2024/25 season and comcast expected to pay average of $2.5 billion per year for approximately 100 games. amazon paying $100 billion and regular season playoff games and nba in-season tournament and play end tournament games and disney's espn going to retain rights for $2.6 billion per year and increase of 1.5 billion per year deal. those are the big finals. haines announcing it's selling sport ware brand champion in a

deal that's valued at $1.2 billion and could reach up $1.5 billion through an additional cash contingent consideration and bringing up to $300 million and the company plans to use net proceeds to accelerate debt reduction. major news out of middle east at this hour and israel and hamas war and israel claims it's targeted the iron dome. hamas said they've targeted the iron dome, the system that protected israel from missiles and incoming drones and the former israeli prime minister bennett is ripping the government's reasons to the hezbollah attacks telling the times of israel the galilee is going up in flames right now. the former leader is here in studio next with what he says israel's next move should be. nasdaq right now still up 293 points and s&p up -- let's see,

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lyric iranian-backed group hezbollah said it's targeted israel'iron dome with a guided miss and will israel has yet to confirm or comment on whether the lebanese missile penetrated the air defense system, but the attack comes at the same time that benjamin netanyahu is prepared for "intense action at lebanese border". today netanyahu visited keren naftali today and there was a massive wild fire sparked by missiles and drones. israel was considering launching

a war with the group and the country is nearing a decision. the conflict in the north intensifies and israel continues offensive into gaza and here to comment is the man that once sat in netanyahu's chair and served as prime minister of israel from 2021-2022. prime minister, what can you tell us about this claim they've hit the iron dome? >> we've heard they targeted the iron dome. we'll know soon whether there was a hit or not. it's not that surprising they would try to target that. what's going on right now is totally unsolicited conflict between us and hezbollah. as you know, we're at war with hamas. hezbollah, because it's been operated by iran so they want to sort of exhaust us and trying to hit us from all directions. we're not seeking a war, but if necessary and if we'll be pulled into it, we will fight and we

will win. liz: can israel handle that at two fronts? you were in a commando and very elite unit and served in lebanon and know the territory. wars at once -- two wars at once and can israel do it? >> yes, we can. t not something we want. we don't want war at all; right. i fought in many wars. it's a horrible thing, war. my best friend died in war and fought in the second lebanon war and i know hezbollah. we can defeat them, but i think it would be wrong for them to go down this path. hezbollah is parking lot in parcel of the lebanese government and state of lebanon. there's no distinction between hezbollah and lebanon meaning if hezbollah starting war with israel, it's a war between israel and state of lebanon with all the repercussions. liz: even though the lebanese

government is not run by hezbollah? >> they're the puppets of hezbollah. hezbollah and the commander of hezbollah, they need to know and know very chloroly, they will not be able to -- clearly they'll not be able to hide behind the facade they're not lebanon. they are hezbollah. they'll start a war and bring upon themselves the destruction of the state of lebanon. since think claim to be the defenders of lebanon, that would be a huge mistake from their side. liz: yeah, i believe that is exactly what prime minister netanyahu said big mistake. big mistake. >> last time around in 2006, i fought in the lebanon war. after the war the leader said had he known what israel's response would be, he would not have started the war so he should learn his own lesson. if he does it this time, destruction will be iminspire

hope menace -- immense. liz: back to gaza, israel released intense video and able to target and implode a huge underground tunnel in rafah, but we're still waiting on a hostage release, and that probably most likely will have to come with a palestinian prisoner exchange. it's unbelievable that we still have so many hostages there. i mean, four include ago peace activist named hiem perry, he was 79 years old and would fertilizer rendition of anthony sick israeli -- ferry sick israeli kids to gaza and bring them back. these are the people hamas is killing. there's five americans there too. what's it going to take to get them out? >> first ophiology, it's unbelievable the savagery and bash reigns leading of hamas -- barb reigns leading of hamas. raping women as a weapon of war.

this is from the middle ages. this should not be happening in year 2024. i believe the only way to release the hostages is if the commander of hamas, knows that his hours are over and he understands that we're coming in full force to defeat him. here i'd suggest to the israeli government and biden administration, i think both governments are not going about this the right way. we should go much quicker, much faster with much more force and win. when they feel the tanks are coming to defeat them, that's when there'll be a deal of a hostage release. unless that happens i don't believe he'll release all the hostages. i think he's got 120 hostages and he's not going to give them away. he's a cynical evil man, and the only way is to effect pain on him.

liz: former prime minister of israel, naftali bennett, thank you for copping to speak to our viewers. >> i want to thank you you and the american people for standing behind israel. liz: most of them agree with isreal. >> usually they're not the loudest. liz: right. it's a small, loud, vocal group that gets the attention but huge percentage of americans stand with israel. thank you so much. >> thank you, liz. liz: count down closer has $1.4 trillion in assets under management and looking beyond the chip sector when it comes to ai winners and even as nvidia is on track for yet another record. we have her picks next, stay tuned. ♪ ♪ limu emu... ♪ and doug. (bell ringing) limu, someone needs to customize

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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”.

you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. liz: folks, we are on record watch here, very big moment here. eight minutes left to trade. the s&p on track for its 25th record close this year. the nasdaq on pace for its 13th record close of 2024. a lot of juice and optimism right now coming in on these final minutes. a group of house republicans urging the biden administration to begin the process of negotiating the return of an american executive who works for binance, a crypto firm and has been detained in nigeria since february. the situation has escalated since, who is an american citizen, contracted malaria in a

nigerian prison where members of congress say he is being held hostage in an attempt to extort binance. members of congress criticizing the biden administration for failing to act on his behalf. charlie gasparino, has more on this. >> great write up on foxbusiness.com by ellie terry. this is big story for us who covers crypto. this guy plays it straight. he knows what he is doing. he is one of the top compliance people in the crypto industry. he was merely going over there to nigeria to essentially deal with the government which you know, has a problem with crypto because, it's a crummy country and peel are using, in crummy countries people use crypto as alternative currency. that is one of the good things about crypto. here we look at it as a store of value as larry fink of blackrock

or something maybe to bet on, to sort of speculate. liz: terry duffy of the cme was just here. he talked about how big crypto futures -- >> we look at it as a speculative term. maybe a way of value in the future. in other countries it is, you have to use it as currency because the currencies in nigeria and venezuela or wherever, these places are devaluing their currencies. these are tin pot dictatorships. so mr. gam bearian goes over there and arrest him. they don't throw him in like a holding cell. they put him in one of the worst prisons in the word apparently where he contracted malaria. liz: where was the charge. >> it was trumped up charge, espionage. what was the charge against evan, journalist i can't remember his last name. liz: guesser covery much. >> from

"the wall street journal." liz: tax evasion. >> it is what it is. what is interesting the biden administration pulled out all the stops on the basketball player, women's basketball player brittney griner is doing nothing here. again the republicans -- liz: as far as we know. >> that is a good point. i want to point out in ellie's story on the web she is expected by the end of the day a statement from the state department. we may get something by the end of the day. i would keep, i would keep, watch ellie's twitter feed and also foxbusiness.com because we're going to open it up but, this is something that is galvanizing the crypto industry. it is one of their own, one of the best ones who is essentially a political prisoner because crypto, again, not advocating for it but if you're in another country you need crypto. liz: it is legal tender in el salvador. >> another country has not the u.s. dollar.

you need it to live because the current currencies are worth nothing. anyway. we'll keep you abreast. liz: very serious story. that very much. cybersecurity player crowdstrike is doing great at this hour topping nasdaq forecasting second quarter revenue above estimates. the stock is up 12%. other cybersecurity names are getting lifted right along with it. we have zscaler up 3%. palo alto, fortinet up as well. a.i. chip-related names topping the charts. asml, applied research, nvidia, lam research, we've been talking. nvidia has been in and out. it is topping 3 trillion-dollars in market cap. our next guest says she has her eye on several sectors beyond chips that are poised to benefit from a.i. but also a subsector of the chip world. joining me now lpl financial

chief financial strategist, quincy krosby. $1.12 trillion under management. put out chip-related names you like at the moment? >> absolutely. we look at hp enterprises, how well they did today. liz: record. >> also in terms of cybersecurity you mentioned that a.i. is helping to enhance cybersecurity and you know, microsoft just to give you an example, is an investor in a company that came public at the end of april, rubric. i'm keeping my eye on that. the share price is down but the analysts are looking at that company and saying this one is going to be an important cybersecurity name going forward. the ipo market has pipeline of cybersecurity names coming out. you know what? for companies, for american companies, global companies, cybersecurity is no longer a

discretionary need. it is an essential and they are spending more and more money to keep their information safe, to keep their operations safe. so when we look at the cybersecurity etfs they have also been doing well. one other thing about cybersecurity, we are starting to see venture capital going in to cybersecurity names, giving them for the secondary offerings, putting money in and as i mentioned microsoft is investing one that became public at the end of april, rubric. it is important, it is an essential subsector of the larger technology names and enhanced by a.i. liz: well enhanced by a.i. and that seems to be a trigger word, certainly on a day like today, although just a couple days ago, people were wondering, we talked about it here on the show, is it too bubblicious at the moment? what about utilities, quincy, utilities are the ones that a.i.

suck so much energy from? >> well absolutely. you know it is interesting because utilities begin to do very well when those 10-year treasury yields come down. when they do well, historically been a pattern they're signaling that the yields are going to come down because after all, they offer tremendous yields for their investors. however, they have also been part of the beneficiaries of a.i. because as you said, a.i., they need more and more power for delivering the processing of generative a.i. it will be a huge process. [closing bell rings] but the data centers will be gi-normous. -- liz: gi-normous. quincy, thank you very much. gang, tomorrow, robinhood co-founder. ♪. larry: hello

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