The Claman Countdown : FBC : August 27, 2024 3:00pm-4:00pm EDT : Free Borrow & Streaming : Internet Archive (2024)

charles: sometimes orders decline in decrease and face it, some dealerships offering 55% december count and thanksgiving not normal. the irony, it wasn't long ago when these shipments were rocketing substantially higher. looking at stats from 2021, trailers up 42%, campers up 92% and overall drs -- rvs up 40%. check out this year's industry. that pandemic low, over my shoulder. it exploded and stock went up huge. it's a reflection of agony of heartland, folks. 10 most popular states for the new buyers are five are political battleground states and something to keep in mind. in the hartland u people are hurting more than wall street economists know and heading over to taylor riggs in for liz

claman. taylor: i have something on the indicator coming up. i'm taylor riggs in nor liz claman. stocks are in for a closing bell and investor holding out fire before earnings and economic data later this week. the dow suicide you can see mostly unchanged here and remember, any gain today will be a second straight record. s&p 500 also less than 1% from a record high. trading up now just about two tenths of 1%. nasdaq also searching for direction. now at the moment they're trying to pop up a bit in the green really that is the outperformer. really including nvidia. take a look at shares of nvidia. they're up almost 2%, always investors await the ai chip makers and we'll be doing an

in-depth preview of what to expect from nvidia and what it means for broader ai space. the economic data this wreak, we're getting gdp core pce and fed's preferred inflation gauge and what about the nontraditional read of the state of the economy. i mentioned at top of the hour. the sausage indicator and the dallas fed and shows modest growth in sausage category. okay, what does that mean. that category tends to grow when the economy weakens and it's a classic trade down food and could the sausage indicator foreshadow a recession. get to it. with a floor show and lands chief investment officer. michael landesberg and start with you here. the recession something you're

worried about. that's >> that's what the fed wanted and the fed raising rates and slowing down the economy and this way inflation will cool and starting to see that and at this points in the paint i don't think we'll be in a recession and if we are, it's a mild one and if we start seeing numbers that indicate going to one, you'll probably see the fed cut more than what the streets expecting right now because anywhere right now, the streets think they're indicating a one basis point cut for the rest of this year. i personally don't think we get that much unless we start getting it's for pricing and

haven't come country-specific and that's obviously something we have to keep an eye on. those rates come down and aggressively lowering rates and lowering a lot, that means the economy is stalling and i don't see that. ty lori harmon: how important is it for this company to blow it out of the market for the rest of the market? >> it's saratoga important because at this point-blank layups, it's the ai narrative and ai story that's been driving tech as of right now and in the last few days the dow made a new all time high and s&p close and nasdaq and semiconductors well off the highs and needing nvidia to blow it out and raise

guidance and talk about maybe next quarter maybe a pausing down and they'll react to nvidia and high around 140 presplit and a pivot around 130 and traders like myself trying to position themselves. i'm personally doing a call spread. that's meaning i'm defining my risk for upside versus just being in the stock just in case there's a hiccup and trades down, will probably be viable and as a trader, define your risk and getting paid for august and september and carting a move you're not expecting, hard for a trader versus investors. taylor: is this a market that's weighing what we get 24 hours from now making sure everything else holds up? michael, sorry. >> yeah, ai has gotten into everything and looking at between data centers, utilities,

copper miners, air conditioning companies so really this has to continue to do well because it's almost an ecosystem like i don't sigh they've seen in 30 years that so many things are involved in this and really has to continue to deliver. accelerate and nobody can go to 200% quarter over quarter and year over year. that should be a lift for the market as it delivers. taylor: reading a note from dan ives reading over 300 million iphones not being upgraded in over four years and iphone 16, big event we get next week is this big massive ai iphone upgrade cycle. does that impact the stock? >> yes, i agree. i have i phone about four years old and great features to upgrade and the phones are made so well, you don't have to rush. for this new phone to have the ai features, it'll get people purchasing a new phone including me. what i love to see them do is

the foldable phone. that's being spoken about. if they did that, the stock would be all time highs like that because i think they need a new phone and something different instead of iphone 16 or 17 and new name of a new, if any,. new phone. with this, it's enough to keep the stock in the same trajectorg indicator and stock penetrated and showing the market can continue to balance back towards the highs and it's going to be nvidia and apple, which will be really important to nodus on. can they continue to go higher to bring s&p above the all time highs, which i believe is like 56, 69. taylor: yep, totally. scott and michael, thank you for joining me. former president donald trump said he reached on agreement to

debate kamala harris live on september 10 in philadelphia on abc. both harris and trump take ago break from the campaign trail with just 70 days to go to elects day. trump's running mate, jd vance in big amends, michigan, at a ha horse form and vance focusing on the economy in michigan's auto manufacturing base. one major democratic supporter backing away from the 2024 election cycle. ceo mark zuckerberg saying he plans to remain neutral this year in a letter to the house judiciary chairman jim jordan. he also revealed regrets about not being outspoken about pressures from the biden harris white house over suppression of stories on meta social media sites. that's where we're going next with hillary vaughn joining me live from capitol hill with more on this sort of mega censoring content and calling zucker bucks. hillary, take it away.

reporter: taylor, mark zuckerberg had a come to jesus moment and realized he needed to come out and con syces that the biden harris administration was trying to strong arm their platter form to get them to suppress and sensor consent. in a letter to congress, zuckerberg saying he regrets that let that happen saying "i think we made choices that with the benefit of hindsight and new information, we wouldn't make today". but the biden harris white house in hindsight don't think they did anything wrong and have no regrets and a white house spokesperson saying in reaction to zuckerberg's apology letter "our position has been clear and consist. we believe tech companies and other private actors should take into account the effects their actions have on the american people while making independent choices about the information they present". republicans think the biden harris engagement with social media companies went beyond just strioing to make sure they were acting responsibly and they want them to be pros prosecuted and e

presidential candidate jd vance said under a trump vance administration, this type of censorship won't happen. jot leader 24 one of the most important social media administrations said i censored trump because of biden and harris campaign. that's craze psychiatry and revelation of sen -- crazy and that's a revelation of censorship and we should be concerned. reporter: zuckerberg said he's going to be neutral and doesn't want the appearance of partisanship and tearing up the checkbook this election psycpsychocycle and keep -- cyce and keeping his money out and if democrats were looking for donations, they're out of luck. taylor: pot stocks coming down off highs and why investors are seeing gains go up in smoke and

later, top tech analyst in future group daniel newman here to tell us what to expect for the nvidia earnings report and it is a fox business exclusive. the "claman countdown" is coming right back. ♪ (vo) a law partner rediscovers her grandmother's artistry and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy, a raymond james financial advisor gets to know you, your passions, and the way you enrich your community. that's life well planned. harlem has everything. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card

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alert, wall street taking -- wall street bears are take ago bite out of stock shares and down almost 6% at this hour after the companies top shareholders the company is cofounder and chief officer filed to sell 98,000 shares and the stock hit record highs and

remember just yesterday after the company posted a double beat on top and bottom line. pop stocks canopy -- pot stocks are down anywhere from 5-10% this. is as the u.s. drawn agency announced it'll push back reclassification hearing for marijuana and the drug is a schedule 1 drug and it's listed under the same category as heroin and lsd. this is after eli lilly highway bo gun selling -- has begun selling their drug zepbound and lowest available dose will be available for a four month supply, just a cool $399. and investors are taking the

super out of super micro computer. the stock is down about 3%. this is after hindenburg research on the company and hindenberg accused them of accounting manipulation among a host of other problems. and kids heading tock baa class and fox business focusing on education in america. should cell phones be banned in school? we have a live report. we're also showing you how samsung is incorporating ai into the all new classroom smug board and of course i want to remind you to tune into the big money show as well. brian burg, jackie deangeles and i each day show up at 1:00 p.m. eastern and here on fox business. we'll be right back. ♪ things can transform. slipping out of balance into freefall.

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taylor: breaking news, greek flag oil tanker in the red sea is laning oil according to the pentagon. loaded with 42 million gallons of oil and represents a major environmental problem if a total spill occurs. yesterday we told you the exxon valdez disaster back in 1989, spilled 10 million gallons of oil and it was hit in an attack by iranian houthi-backed rebels last week. meanwhile 45 million students

across the new school year gets underway. all this week, fox business is focusing on education in america. lydia hu joining us on the fox business news room with more on what some people call a major dis-car accident in the classroom, lydia. we're both parents and in this fight. >> yeah, it's putting it mildly and cell phones raising a host of issues and one of the potential issues i'm holding what's called a yonder bag. it locks away a phone for the duration of the school day and kids still get to keep the phone and they cant access the inside till the end of the school day.

not all can afford to pay that and some like ones we visited in new jersey and trying to find a mettle of the road solution without that financial investment. watch here. >> phones are a big distraction. >> for students in new jersey, the new school year bring as new phone policy. and elementary and middle schoolers must keep them in backpacks all day and order them out of site. >> help them be in a environment that's most conducive to learning. reporter: mounting phones show it harms mental health and impede learning and nearly a dozen states are taking action some mandate schools for restrictions and others incentivize measures and without a requirement with the garden state, middle town school board members adopt their phone restriction with optimism.

>> really hope it all kind of embraces the culture of change. >> i would say i'm glad our kids can have their phones on them silenced in their pockets. reporter: and a lot of parents tell us that they're okay with phone restrictions and they want to know that their kid can access their phone if they need to reach their parent. as you know, taylor, both new york city and also los angeles school districts and nation's largest district have indicated they're going to adopt phone bans in some measure and we're waiting to see what the details of the policies will be. how are they going to apply to thousands of students there? that's really going to set the tone for the rest of the country and we're digging into that very topic in a special airing later this week friday night at 8:00 p.m., taylor, i hope you'll watch. watch. taylor: i will and i don't know about you, i'm old school and have my daughter call me from

the nurse's office. reporter: yeah, worked for us. taylor: lydia mentioned, tune in for lydia's special education in america and airs friday night at 8:00 p.m. eastern only here on fox business. thousands of schools are adopting the smart board to enhance the experience. samsung wad interactive display powered by android and google services and tech can't seeking to boost engagement with the interactive display and upgraded smart board includes applications that most students are already familiar with like google drive, google docs and youtube and encouraging collaboration. interactive display includes ai class assistant that generates quizzes from classroom material, tribes lessons for students to refer back to later and much more.

joining me in a fox business exclusive is samsung display division head david phelpss and education solutions director dr. thank you for being here with me. i'm a new by and mother of a very young girl and show me quickly. what is this and how does it work? >> sure, taylor, thanasiss for having us today. i'm going to give you a very basive understanding of what this display is and we'll do a full demo. it's an 86-inch samsung interactive board. what you'd see in many classrooms around the country. michael will walk through all that it can do including ai and do a little setup first. taylor: tech athletics me about how this works. >> it's set up with the google play store and allows schools to take advantage of technology that teachers are already using in their classrooms. amplifies in a bold new win back-to-back that we'll show in a moment. taylor: coming off a report from lydia about cell phone usage and to me that seems like a big

distraction. are you confident that you can tell me this helps collaboration versus a cell phone that's a negative in the classroom environment? >> yeah, my wife is about to begin her 17th year as fourth grade elementary schoolteacher and this souct is close to home for me. taylor: great. >> every day when she comes home, we get to talk about the pros and cons of the things going on in the classroom. one of which on both sides is mobile phone use. we believe we've developed a product that encourages collaboration between the teacher and the peer group of students in the room separate from working with a mobile phone device specifically for that individual. taylor: do you have contracts with school districts or how do you push to get it in the classroom? >> a similar celling cycle with samsung or airports and

retailers and a sales scene that goes out and talks to indivindividuals superintendentd the teachers and work to negotiate terms and our goal is to get these boards in as many classrooms as possible and around the country. currently the dick emberdal for tacation is 7 -- digital partissation is 70% and that's really good but there's more that are learning the old school way with chalk and black boards. we're learning from digital at samsung ask skullturely to get this out to -- culturally and get it out to as many as possible. taylor: i'm a new mom and my daughter is one and i'll be there five or six years from now when she's entering the classroom. what will this look like five years from now? this but better ai? what should i expect? >> yeah, so specific for you, i

hope millie enjoys preschool years before the classroom and we don't know what the future holds. we believe we have the best rnd in the world in the display technology. but we're expecting iterations of ai and making ai more of an expected trait and getting in a demo like how ai is working. taylor: let's get into that. what could i expect if i were a student in the classroom? >> one technology we're taking advantage of is circle search. teaching about the galaxy or solar system. i'd search the word galaxy and first i want to clean up my text so i'll make it into regular. circle service connected and drop me right to images and technology associated with the word galaxy and some images are just for the teacher in the

moment. we like to think of it as an in the moment tool and image here and maybe i like this for my classroom and back over to my note board and annotate with it and bring it over here and i'll talk to my students and what do you notice, what do you wonder about these images of solar systems and they'll say things like well right in the mid 18 a sun or star and gases around it. we take it to next level with ai. open up beta ai platform and use split screen to have them side by side. for a classroom, they might use notes, power point or leads and over here go ahead and open a new lesson. we'll pull up ai assistant. now i'm going to do a description. so the solar system is vast, the word galaxy is old greek word that means milky and that is where we get milky way. it includes sun, stars and

planets. this is a transcription in a traditional classroom and think we're going to write it down as the teacher speaks. there's cleaner solution and that's with our class summary and using proprietary language mod and he will producing a class summary that's like a economic journal. taylor: like i'm in law school and outline. >> the more i talk and more robin lou bust it becomes and key voter -- robust it becomes and key vocabulary and doing a knowledge. how are we doing right now and if i had trouble and jump back over to the class summary and transcript and unpack it more. but last thing that's really important to this, taylor, i can share it directly with students and serious student cans study at home or i can send it right to parents so pans of littles would be valuable. taylor: then i can check their homework when they send it to

me. we're out of time, i want to thank both of you and david phelps and dr. micah shipy. thank you both. >> thank for thissing us. taylor: ai is used for everything and nvidia at sentedder of it all. daniel newman is here next to shared in peek of what to expect in nvidia's quarterly report. it's a fox business exclusive. and fl flavoo flavotrying to sae the biscuit and restaurant tree super star in his attempt to emerge from bankruptcy. we'll go live to time square for details on their plans. the claman countdown is coming right back. ♪

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taylor: investors anxiously

awaiting nvidia's high stakes earnings tomorrow after the bell. analysts expecting 64-cents in earnings for per share and about $28.7 billion in revenue. both figures represent more than a 100% year over year growth. some are warning however that if that ai chip maker misses on any of these metrics, every company in the ai space could experience a selloff. joining me in a fox business exclusive with his take is a top ai analyst and future ceo daniel newman. thank you for joining me, daniel. talk to me about expectations, are they so high this company has to blow it out of the water tomorrow? >> thanasiss very ifing me, taylor. it's the overall market is expecting that and i would say not just the ai comp companies t risk but the entire market is at risk and cross off almost every other economic indicator that

will come out this week. if nvidia doesn't show up and that isn't just hitting the number, that means beating the number and also means guiding in encouraging way that ai trade has significant legs ahead of it. if it doesn't come out with those kinds of comments and results and worried about the broader market that's close to all time high and so much enthusiasm but everyone is waiting on nvidia. taylor: dan ives said this company feels like new gold and oil; right, of this market. that's how important it is and sounds like you agree with some of those? >> yeah, i spoke so dan and this party is a 9:00 p.m. and multi-week and multi-month party and ai is as transformative as internet was more than two decades ago. it's going to change business model and models in every

company and it could go faster than that and all the companies and social digital companies and all the device makers and that's going around ai and it'll be the biggest spark plug for the movement and no room for error and i don't expect one or errors here. taylor: there's some delays in the blackwell chip and going to be shrugging that off and it's a concern for you though. >> it's going to be weaks and not months and could be up to 8, 12 weeks of what my channel is telling me. and it's pent up demand for the current model and any delay in blackwell b series will get

absorbed by more hopper demand and these companies whether me taxer amazon, me taxer mississippi and google they're all building the infra-shuck turnovers and on nvidia and -- infrastructure and people are listening for this and not being shrugged off and all the things i'm hear asking the delay is more system friendship fur down the down the road, and nvidia has heim to recover. taylor: if i missed the nvidia rally and get in the a, space and i take a look at amd. would you tell me that's a good move or is amd so far behind like everyone else and it's really nvidia versus everyone else or does amd have a shot to close the gap if it only take as couple year s? >> taylor: yeah, taylor, our market indication and intention we built shows the space is

growing mid double digits for the half decade and that's longer than that. the acquisitions in software and rock scale manufacturing and developing is a series made and made made is a competitor and it's a slow build. it's such a large install base and we know that all the cloud company are building own chips and intel going to get into the fray of building competitive parts and i think you can invest in many companies and understand horizon and it's right now this instant cap x build out and hundreds of billions being spent and near term and nvidia is the company to fulfill most of that demand but ai is not going to be done in two, three, four quarters and it's actually in it is early innings. taylor: on that note of competition, we talk about companies that are price takers,

they take whatever price is set on the price maker and i'm nvidia and societying the price. is that accurate and being careful and thinking about pricing in a competitive strategy way and look al volume? >> that's a great question, taylor. as these competitors and mention amd and companies like going and will microsoft and having incredible pricing power and symmetry between nvidia and companies is applies to is substantial and all have a pull of demand and enterprises and large banks, manufacturers and automotive companies that are standing up. ai services, solutions and building products. they need nvidia. these companies all need access

to the supply nvidia has really strong controls and 75+% margin and that's really good and overtime that's a pressure point that could be tested with exestive parts from alternative offerings. taylor: well, daniel newman, i learned a lot so thank you. it's not a one night party at 9:00 p.m. and it's a multi-week party lasting for awhile. >> weeks and years. taylor: thank you, for joining me. >> thanks, taylor. taylor: meanwhile breaking news and iconic seafood chain red lobster announcing it'll be closing 23 more stores as it works its way through chapter 11 bankruptcy. it'll also turn to a familiar face in the restaurant franchise circles in the about phase on the woes. kelly grady joining us now and tell me though, new york city, can't be one of those to close; right, because the biscuits are so good.

reporter: that's a an addition to red lobster cutting more than 100 a loan and new ceo can turn this around they hope. the new head honcho is the former ceo of pf changes and comes from private equities and banking and turns to laser focus on revenue streams and cutting cost and shared this statement on the news saying "red lobster's future is brighter now than ever before. i can't wait to get started on the investment plan and to get out and meet diners across the usa and canada". red lobster filed for chapter 11 in may and the competition is soaring inflation and it was also some ill fated menu items

so might remember the all you can eat shrimp proudly supports motion and talking about bad manage p.m. union group transition from one of the biggest suppliers to biggest shareholders and made a slew of questionable decisions including allegedly forcing red lobster to store shrimp exclusively from them and that drove costs higher and, taylor, the new ceo will be looking to boost company and cutting costs and in my experience that's a difficult line to walk and at least those cheddar biscuits are not going away any time soon. taylor: good, hang out for 15 more minutes, kelly and i'll be right over. kelly o'grady, thank you so m much. meanwhile it's deadline day at paramount and sky dance ready to

snap up the giant cbs, nickelodeon and paramount and more. charlie gasparino here to tell us if this is finally the end of the long running hollywood deal travion green ma. currently breaking it down next on claman countdown. ♪ clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee.

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taylor: let's check a look at shares of paramount. they are down almost 7% y at this hour.ter the medi. abandoned 6 billion-dollar take-over bid to take over the company to clear the way for skydance to officially seal the deal for pair mounted. let's get to charlie gasparino, said this would happen on "claman countdown" and it is. >> what is fascinating, i've been following this literally from day one. i followed the whole controversy between les moonves, shari redstone, phillippe due monday, les before he got blown out over sexual allegations he was trying to take cbs away from parapoint. remember paramount controls all these networks, excuse me, national amusem*nt controls paramount, all the networks,

through class a voting shares held bit redstone family. shari redstone. started by the late great takeover artist sumner redstone. i say two years ago, i never for get it. i went to sun valley, came back, my old producer lydia moynihan, might have been three years ago, time flies when you're having fun, the first sun valley after the pandemic, lydia did a story how shari redstone was talking to everybody at sun valley looking to shop. taylor: interesting. >> they denied it. i went back and i did a little research and said, all right, it was not quite a shop, but clearly a soft m and a play. she was clearly testing the waters, because she knew she had to get out. she is finally out. one the problems with the deal, it is a complicated deal, it is probably the best deal paramount could hope for this in

regulatory environment and i will tell you why. it is not great for common shareholder, if you are a common shareholder you should know you own b shares, not controlling stock. taylor: right. >> mario gabelli is pounding the table because he owns a lot of b shares he knew what he was getting into. a-shares, shari redstone owns 90%. she will come out with 1.5 billion. common shareholders will get a few bucks premium, not everyone, 50% of them, the reality this deal should never happen, a deal like this. this is the best deal they could get right now because, it goes back to the obama administration. he allowed google, facebook, amazon to become so big and powerful, the biden, and trump is sort of allowed it to stay that way. taylor: right. >> he didn't break up any of these companies. then you know, biden comes in with lina khan and the justice department and stops any sort of

rational deal-making of major media companies. comcast should be buying this company for $15 billion. taylor: tough sell in this regulatory environment. >> they will noll allow it. you are left with skydance and a crazy deal. get back to bronfman for a minute i don't think he really had the money lined up. when i looked at the people he had there, i mean there was no kkr. there was no blackstone. i mean it was like fortress and some guy from kazakhstan, borat maybe, i don't know it was the weirdest thing t looked like this was a play. this is my opinion. it is not fact. end on this, looks like a play to get david ellison to throw more money at this deal. he would never go there because he had some good protections. >> you're the deal-maker when you sit on the program, thank you, charlie gasparino -- >> i'm not -- taylor: you're breaking down the deals own this show. for that we are grateful.

closing bell ridges in just about four minutes. we are close to another record here on the dow as you can see, if we stay in the green. that is all we have to do. it would be another record high for the second day in a row. home prices still at a record high in june, but showing signs of a slowdown. the s&p corelogic, case-shiller 20 city house price index rose 4% month over month. prices in the biggest metro areas were up 6 1/2% for the year in june. today's "countdown" closer thinks real estate is a good play for your portfolio. joining us with about six billion dollars in assets under management, howard capital management ceo, portfolio manager vance howard. so why real estate, why now? >> look at the technicals on real estate and you can see the breakout is happening as the market was pushing real estate higher. if we start to drop rates this will be a nice benefit -- taylor: i think we lost him.

we'll try to get him back on the line. again as we count you down just about three minutes here to the closing bell. we'll work on re-establishing that. meanwhile take a look where we are for these markets. as i mentioned the dow was certainly popping up into the green, trying to get to the record high. look at some winners here on the dow. nike up about 1.3%. youhoneywell, visa, coca-cola, jpmorgan. we had a great segment yesterday about the banks. one person said goldman sachs was clearly a big winner. banks certainly here showing some signs of life. take a look at amazon here in terms of some of the big losers. remember the dow is price weight, not a market weight. amazon a big company doesn't necessarily have as much heft in the dow as the s&p 500. known the less it is here down to the downside. some biggest losers on the dow, amazon as you can see. chevron, we talked about the big oil spillover seas.

chevron is down 1%. walt disney down to 90 bucks a share. down about 1%. sales force is an interesting one. they will be getting earnings as well this week. dan ives another one looking at sales force and really thinking this is a company can they participate in that a.i. play? want to take a look at the s&p 500. remember we started out the show. we said we're 1% away from the record high. who are the big winners today in the s&p 500? recent med, insulet corporation. royal caribbean is interesting one with norwegian cruise lines. those are up three to 5%. how are we thinking about travel in this environment? we talked a lot about cracks in the consumer on the lower end. mizuho had a great study though some of the cracks in the consumer are trying to peek up into the higher end consumer. maybe that's another reason why some of those cruise lines are

doing well today. you can see stocks to the downside. take a look at s&p 500 losers. walgreen's boots alliance down 9%. paramount, we were talking about that stock with charlie gasparino, off 7%. a little bit of losers here. remember this time tomorrow, it is all about nvidia. all right. let's do it. drop the confetti, right? the dow clinching the second straight record close if these gains hold. pretty incredible like we said. the s&p 500 so close, just about 1% away from that. so as you can see the nasdaq -- [closing bell rings] a little bit of an underperformer here but really small caps not doing well, taking it on the chin. anyways that does it for "the claman countdown." "kudlow" is next. ♪. david: hello, everyone, welcome to a s

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