Lyrics sure, what happened to the 58 points of gains for the dow. All gone and markets selling off and sky d dar darkens literallyd figuratively and 216 points for the dow and s p down 34 and nasdaq losing 116. In the midst of the war in the middle east. All three are still kind of barely but still on pace to pin finish up for the week. If the gain that the dow had earlier comes back or a few points, blue chips snap a three week losing streak. We need to show you the interday of the vicks, earlier wall streets value tilty index was down volunteers and dillty was down and volatility was down and remarkably calm and around noon shortly after, it began spiking and up 7. 34 and equity market doing the opposite around the same time and dow was up as much as 58 points and sharp reversal and s p and nasdaq and the dow down 106 points and u turn came as bond yields marched higher on consumer Inflation Report for september and also this headline that came out, the uk is spend royal navy ves vessels and spy planes to support israel. Look at oil if we can. Oftentimes we see oil spike in these situations and after three days of retreating,ing the same thing doing the same for crude oil. It reversed and up a bit earlier and crude down about a franks of a percent but below 84 a barrel. We have this headline, the saudis and four other arab nations have reaffirmed their commitment toed a adjust output and easing supplies and that weekly number came out and showing a huge build of 10 Million Barrels of crude over the past week. Supposed to be half a million and turned out to be 10 million. Airline stocks and bloody terrorist attack and murder spree targeting israeli and american civilians trigging a concerted move to get americans in the region away from what is expected to be a mass Israeli Ground offensive. This was after the surprise attack by hamas and unit seconddegree ramping up flights from athens greece, to get people out of the region and live to Madison Alworth at Newark Liberty airports where many flights are landing and breaking news from the state department, madison. Reporter yes, liz, we have breaking news from the state department. Just a little over an hour and a half theyll be chartering flights from israel to europe and americans getting out of the countryspecific trust worthy and no specifics on when theyll start but were being told tomorrow. U. S. Based airlines canceled flights from the u. S. To israel and one of the only operating from u. S. To israel is elal and one landed in newark and i met mire yum who lives here miriam who lives in the u. S. And her daughters were in israel. Your daughters were not on this flight and what did you have to do to get them on this flight and back in the u. S. . It was a very, very terrifying experience. We had no way to get our children back and we were scared and praying and praying and praying. We tried lots and lots of different travel agents, all my children took different phones and calling and calling but we could not get them on a flight. After many hours and sleepless nights, we finally, finally heard about this flight. We quickly called and with gods help, it was a miracle, miracle, but our children are back with us. Reporter i intercepted you guys as you were walking out from arrivals. Miriam, your daughters are in your arms and what does it feel like to have them back . I cant even explain it. I just were crying for everything thats going on with our brothers and sisters and family back in israel. But im so grateful to have mine with me. Reporter miriam, thank you so much and taking the time through your arrival back. I really appreciate it. Thank you all. Thank you so much. Reporter of course one of the families on the flight and this flight that arrived was completely packed and some were just added and others had ha books and reality is thousands of americans are still in israel but at the top, we now know that the u. S. Will start to charter flights from israel to europe then from europe those americans have to find their way back on u. S. Soil and another family earlier here couldnt wait for the u. S. And have been five days since the invasion on saturday and tired of waiting and spent thousands of dollars, three flights from israel to greece, greece to london, london here to newark and thousands of dollars later and frustrated with the u. S. response. Take a listen to them. We left in the middle of the flight and am flight was quiet and police and Army Presence was the whole way and airport with a lot of security and a lot of people trying to leave the country and theres no flights. I know people were trying to get American Government involved and get flights to bring other people but American Government let us down. Reporter liz, you mentioned united is adding more flights to greece and united added two more round trip flights from athens and first flight departing from tonight here at newark from 9 4. It comes to travel to israel and out of israel, really should only be those that must travel this. State departmentishing a do not travel warning to americans to gaza because of armed conflict. And a reconsider travel warning for the west bank in israel because of terrorism and civil unrest. You can imagine all might be elevated to the do not travel soon. For those americans that are stuck in israel, this news for the state department was welcomed and might be an option via land, on foot or via sea or by flight. Again, when it comes to how theyre going to get back financially, right now its unclear. The u. S. Should be covering those flights from israel to europe and to get from europe back home. That might be thousands of dollars that families arish dishing out. Liz. Liz yes, Athens Airport in particular is very, very busy and close enough yet certainly a democratic nation helping. Madison, thank you so much. Lets get to university picture including and theres a wall street angle here. Ivy League Schools across the nation in the cross hairs and students cheer the hamas attacks and hold pro palestinian rallies on their campuses. In the last hour, Hunter College here in new york city, youre looking at students who have gathered to rally for palestine. Meanwhile in the last 48 hours, a fast growing list of billionaire harvard graduates are publicly announcing they will not hire any of the Harvard Students who signed a pro palestinian letter that said we hold the Israeli Regime entirely responsible for all unfolding violence. That is a live picture right now of Hunter College in new york at the moment as we said, a pro palestinian rally and there of course have been many pro israel rally in new york but that university focus at the moment that we are looking at. Harvard graduate and Billionaire Hedge Fund manager bill ackman was first to demand the names of those in the 30 student groups that signed the letter and said that the names of those students must be made public so ceos do inned a versus frequency taintly hire them. The ceos of a whole bunch rushed to back ackmans call to release the Harvard Students names and now Harvard Business school barrage watt and billionaire graduate and billionaire gretsky green saying i would never hire or associate with anyone that did what these kids did anymore than id hire a member of the ku klux klan to work in my company. Jeff green joining me in a fox business exclusive. When you first read that letter signed by the student organizations from your alma mater blaming israel for ha has rape, slaughter, beheading, kidnapping of israeli citizens, what was your gut reaction . Its appalling. To hear Something Like this, its disheartening and as an american jew with a deep connection to the state of israel having to watch whats happening to the poor innocent victims being rape murdered and almost 4,000 injured and just their lives disrepublicaned for no reason. Then to disrupted for no reason and on top to see harvard kids coming out and blaming ziti israel for this. Its appalling. Liz you know, you went to Harvard Business school, bill ackman went undergraduate and Business School as well and he was really incensed a couple of days ago seeing this letter and be very specific. This letter was signed by 30 different student groups. I was surprised to see some of them. Now at least five of these groups ever since bill said im not hiring any of you people and ceos should not hire them, suddenly at least five of them restricting their signature off this letter. Do you believe their sincerity . You know, look, im not there so i cant really tell you. I mean, i know having grown up in the 60s and starting college in the 70s, you know, kids on College Campuses always are vocal and they sign up for causes sometimes theyre not theyre not doing all of their homework but in this case, this is a serious matter. You know, i think we cant im so glad that bill stepped up and i think that, you know, mark rowan did the same thing with mercer, pennsylvania and asked the president of the school to resign. Its time that we look, being complaisant doesnt work and israelis were a little complacent with their border with gaza. I mean, you know, things were basically not great, but they were going along and figured, you know, lets not pay close attention. Now its the same thing with the colleges and universities, we cant just sit by idly by and let these people spew out these lives. Its absurd for what theyre saying and its important that the truth be told and that people be held accountable. These arent young children. These are students at the best universities in the world. You know what, i have young kids and tell my own kids whatever they put obstructing cerumen facebook or whatever they do on social media, its going to follow them around for the rest of their lives. A College Student at a place like harvard should absolutely know better than to sign Something Like that. Liz. The Harvard Islamic Society is one of the groups that restricted its name and they wrote on instagram weve retract our signature which was never intended as an endorsement of violence. We unequivocally denounce any acts of prejudice or hatred of all kind. Bill ackman said youre blacklisted at my company. You will not hire these people at all; right . Now know, honestly, til this came out to the forefront from bill and mark and some of these others, i had believe me, im going to be paying attention closely to this because who would want someone like that around your business or in your life. I wouldnt want them at my dinner party or in the same room as me. This is what hamas has done is beyond any of our wildest nightmares to these poor israeli people and now israel is having to deal with the reality of whats been living next door to them and whos been governing this huge area of gaza next to their border and israel is confronted with this difficult issue. Liz you mentioned mark, thats mark rowan and cofounder of apollo and a Huge Hedge Fund and a chairman at wharton and a graduate of University Pennsylvania and hes calling for the president liz mcgill to step down because the school has hosted all kinds of antisemitic people at a certain event, and this was before the israel attack, the attack on the israeli civilians. He is very outspoken about this, and im interested to know, are you comfortable with how harvard, your alma mater, is handling this . Well, look, i mean, its jusn comfortable at all. I think no one has been comfortable. I think most American Jews when theyve seen whats gone on on College Campuses and acceptance of palestinian violence and blaming israel for everything wrong in the middle east. Theres nothing israel would rather have than peace with their neighbors and theyre all alone and theres no secrets the way weapons is changing and technology is changing, theyre in a tough naked. Who are they supposed to negotiate with the government. Its hamas. Ziti rail has known gutfelled the world hasnt. Weve all been guilty of accepting whats going on on the College Campuses. Ive been guilt myself of it. Ive heard about it, and ive just said, gee, what a shame. You know, ive realized you have to stand up and whats how bigotry and hate stands on the College Campuses and sit idly by and say all these kinds of things. I depend to focus more in the past and hope everyone in this world should focus on it. If people spewing out these untruths and hatred stand up to it. Like bill is doing and like mark is doing andlike im going to do. Liz interesting they tried to pull the names that bill ackman and you and many other ceos are saying dont come looking for a job here and its too late and out there at the moment. Jeff greene, thank you. I sent you a picture of bus driving around harvard and putting on the name of the bus the names of the people. Its driving around cambridge and, look, its very look, if you want to do something as outrageous and glorified as mass murders, youve got to be held accountable. Liz jeff greene, thank you. Thanks, liz. Liz and there are companies that are stepping up in an appropriate way. Fox is one of them. Fox corporation has made a 1 million donation to united jewish appeal as they mobile auditory systems to provide agentry leaf to those impacted by the atrocities in israel. Make a donation and scan the qr code right there. We are coming right back. Were talking skyrocketing bond yields right now. 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So they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. about a cashew farmer from mozambique named carlos. Carlos lifted himself out of poverty with the help of techoserve. Go to technoserve. Org and see how you can support struggling farmers like carlos. Its a different way to make a difference. Heres why you should switch from chrome to duckduckgo. Duckduckgo is a browser you download to your mobile and desktop devices. Unlike chrome, the duckduckgo browser has privacy builtin. It comes with a private alternative to google search, which doesnā t spy on your searches, and it blocks cookies and creepy ads. And theres no catch. Its free. We make money from ads, but they dont follow you around. Join the millions of people taking back their privacy by downloading duckduckgo on mobile and desktop today. Liz qualcomm is cutting 1,258 jobs in san diego. It comes weeks after chip maker slashed hundreds of staff in china and taiwan. Qualcomm oversees some 50,000 employees and the stock was higher earlier than dipped to the red and now it is just barely to the upside. Its at 11. 25. Now to the mashes, we encourage you to look at the screen and stock market in the red and off earlier lows in the final hour of trade, at the lows of the session, the Dow Jones Industrials lost 349 points. Right now cut that in half about 166 and s p in the red by 26 points and the nasdaq down 86. Off those lows of the session and then weve got the r russell 2000 down 39. The russell down 2 at any time 25 . The 2. 25 and small and mid caps getting hammered here. Even so the nasdaq and weve got it the nasdaq and dow and s p all at risk of snapping a four day win streak. Todays Consumer Price index report for september, kind of the indirect driver here of the losses. It showed continued stubborn inflation and headline cpi, Consumer Price index came in slightly higher and 3. 7 year over year and 3. 6 expectation and core inflation, thats when you take out the volatile food and Energy Prices and that was in line with expectations, 4. 1 . Slightly cooler than the previous month, which was 4. 3 . If you dig deeper into the report and youll see that two things that matter most of the fed is nonhousing services inflation, accelerated month over month and driven by what they call by what b and p perry calls revenge and not revenge spending and shelter inflation delivered the strongest monthly owners equivalent rent of residents prints since february. And makes social Social Security administration for cost of living adjustment 2024 watered down and not at same pace of rate of inflation and cost of living increase for 2024 is significantly lower than 2023s increase of 8. 7 . So a flight ovquality is not happening because of the bonds report and two year yield at 5. 07 and 10 year yield is above 4point p right there. Gold, gold is the flight to quality as well. Its been on quite a run up for the last four days and today, little bit of a retrenchment here down a quarter of a peak percentof 1,082 and lets disst all for you the investor with the glue show guest and were starting yo you on the market and suddenly at noon, boom. Well, look, as you mentioned, the devil is in the details of the report so while we saw that the headline were allegedly in line with expectations, we also had to look deep into the details and in the details theres ticking inflationary trends are still there and not even still there, they accelerating and the part of the inflation, which is really linked to wages and salaries, that is what has been rising so, yeah, we saw some deceleration in price growth in good sector, which is kind of like what we would expect at this point. There was a little surprise in shelter prices. We think its an aberration but, yeah, the wages and salaries still labor market component keeps rising and we afraid that its not going to decelerate significantly unless we have a significant somehow down in the labor market. Liz that leads to the fed and whether it tightens rates. Jc, what are the plays and you take all the emotion of whether its the fed or exogenous events like whats going on in israel out of the picture and ewe specifically look at just the technicals here. What do you see and what do you like . Yeah, thats right. Hi, liz. You know, what really impresses me is the strike in technology and growth despite bonds getting destroyed and Interest Rates doing exactly what you just described, they continue to make new highs and talk about 2s and look at 10s. They kind of have been turning over the last week or so and that has allowed stocks to bounce and when you sigh stability in Interest Rates, stocks do well and the dollar was selling off over the last week or so. Stocks did well in that environment so i think its less about the direction of Interest Rates and more about a lack of direction because kind of some stabilization in the dollar and rates but i got to tell you, the strength in technology and growth, despite bonds getting crushed needs to be front and center. If youve got your Shopping List and remember, list liz, were going into the strongest time of the entire year into november, december, january. Like i have my Shopping List of the names that i want to be buying in that october dip and guess what, weve been dimming in october. The market as been correcting for three months and time to get going i think. Lyrics all right, like a liz all right, you like adobe and back to yelena and the feds have that lever in its hand. Is it going to raise one more time before the end of the year . We dont think so. We think theyre done and have reached the terminal rate. Yes, this was the inflationary report was stronger than expected but at the same time theres so much uncertainty and theres a lot of different factors at the end of the student loan repayments, extra savings depletion, which will slow down the economy and inflation will follow. Liz yelena, jc, shortened moment because of all the breaking news. Thank you so much. Were still in the red but latest on Caroline Ellisons testimony at Sam Bankmanfried fraud trial. The crypto kids going at it. Stay tuned. Welcome to ameriprise. Im sam morrison. My brother max recommended you. So my best friend sophie says youve been a huge help. At ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. Our neighbors, the garcias, love working with you. Because the advice we give is personalized, hey, john reese, jr. Hows your father doing . 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Liz breaking news out of criminal fraud trial after founder Sam Bankmanfried and defense lawyers for the crypto defense ceo finished cross examining former Alameda Research ceo and exgirlfriend Caroline Ellison and Caroline Ogrady is on scene from the courthouse with the latest. Reporter thats right, liz. Defense has just wrapped their testimony with ellison and it was really, you know, kind of a confusing thing to see from the defense. They were taking long pauses in their questions, they were jumping around on the time line. Not necessarily what you expect to see from Sam Bankmanfrieds council mark cohen, who of course is very famous for being a very good defense attorney. Now, that being said, the defense really attempted to paint ellison as incompetent at her job and pin this on her and showing a document that ellison gave to bankmanfried and explaining why alameda was not growing fast enough and listed her poor performance as one of the reasons if you can believe that. They mentioned a 65 billion line of credit alameda go from ftx and was heavily in gary longs testimony and ellison said she was not aware of that and times when ftx was not involved in alameda and informed her boyfriend and boss that money was going into the same bank account as alamedas and stated that he seemed unaware of what was going on. That was a very different narrative shared yesterday that sbf was directing everything and ordered her to doctor balance sheets. I will highlight, theres a story being told in what isnt being said. A few jurors were nodding off in the defenses questioning of ellison and seemed unwilling to look her in the eye when they were returning after a lunch break. Most of the emotion has come from ellison and sbf himself. She broke down in tears on the stand yesterday and the prosecution in a side bar accused Sam Bankmanfried of trying to intimidate her as a witness, laughing at some of the things she said and scoffing openly but, liz, the defense as you said wrapped and ellison is off the stand and it was not as sorry my producer is giving me a note that she just left the building and said nothing. Would not answer any questions, looked stoic, liz. But like i said, shes off the stand and we will see how the jury reacted. At this point, its been he said she said. Theres not been a smoking gun. I will send it back to you. Liz kelly ogrady, thank you very much and price of bitcoin down slightly at the moment. Fox market alert. Keep an eye on this because its been a turnovers and lent day of trading turbulent day of trading for the markets and individual stocks and start with Delta Airlines and stock gave up early gain after reporting earnings before the bell and delta said revenue rose 13 and earnings increased 34 and all very good news because the company says very strong travel demand. However, the airline cut its full year 2023 adjusted earnings per share guidance and the stock is down 2. 6 . Walgreens posted a fiscal Fourth Quarter earning due to a drop in demand for covid vaccines and tests in the u. S. But the stock is up 6 plus percent at this hour after the Retail Pharmacy giant reported narrower losses and progress in cost cutting plans. Walgreens also posted sales growth in its healthcare business. Even with todays gain, we should mention the stock is down about 36 yeartodate. Misstep for bier kin stock and adding 5. 6 to the losses. Birkenstocks dismal debut raising concerns about long Term Investor interest. While best of my recollectionen stock searches for direction, laser birkenstock searches for direction, we have late news developments in luminars quest to make volvos the safest cars on the planet. Billion mare wonder kin Austin Russell is joining us next and everyone talks to liz podcast this week and had someone listen and said it was rivetting. He grew up a refugee of the any niagen civil war and con ducked whats called the autopsy that changed football forever. Dr. Ben nit amalu played by will smith in the movie concussion and tells his story of discovering and naming cte, chronic traumatic brain injury he pinpointed while studying the brain of a former new york steeler who had it. Listen to how he confronted. Nfl and medical community to reveal the truth. Download it wherever you get your podcasts. Let me know what you think. Closing bell, 25 minutes away. 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Liz volvo unveiled the super truck 2 and it looks cool and designed to improve freight efficiency by 134 . Its all part of an effort with the department of energy to increase fuel efficiency across the country supply chain and not the only news from the auto maker. Luminar, the Lidar Company that creates sensors for milestone and its the sensors for the new volvo and probably ex90 and luminar ceo is here. Talk about this milestone and manufacturing milestone you just passed. What specifically is it and how does it play in to what luminar can innout now do . Luminar can now do . Its a huge milestone for luminar and volu volvo and induy at large and its the first time this kind of capability of both safeties and autonomy in Global Production vehicle and its the biggest milestone leading up to big global launch of the vehicle come the first half of next year. So very exciting time for everyone and for us and volvo, its been an incredible jordy starting back in 2016. This is the huge Inflection Point in the moment thats leading up to what weve all been waiting for and passed the volvo audit for launch. Liz thats why we love to follow you and luminar from the day you went public and before and our viewers continue to watch something grow and this is a big one for the run rate and looking at ex90 and what volvo case is going to be the time theyll start instruction and theyre going to have it on showroom floors by early 2024 and thousand theyre saying the first half of 2024 production will be only be beginning. Thats gnotobioses of you guys, is it . Its unrelated and when it comes down to it, critical part is were meeting a milestone and were ready to go and theres obviously a lot of core vehicle thoughts that work with the auto maker building new evs and its been on liz hold on, we lost austin for one second and try to reestablish that and whats an interesting about that is can you hear me . Liz yep. Okay, relating to timing on that, its completely unrelated to luminar and building evs is no simple math path and folks reich volvo going through a revolution in terms of building these kind of contagious vehicles on the road and as part of that is a lot of core Vehicle Development and theyve been very public about what they have to do to be able to make sure that launch is successful and thats queued up as i said earlier in the first half in the middle of the end of first half for next year and were meeting milestones and have done everything and doesnt have a fundamental impact on luminar and were meeting all we havent changed guidance on anything and that was from awhile ago. At the end of the day, were meeting milestones that matter and doing everything that we said were going to do, and were actually executing the plan, which is something thats incredibly, i think, unique for luminar in a broader Autonomous Vehicle space being a lot of challenges. Liz you guys are among the smartest in the business. What did you think wall street has wrong . The stock has not shown the milestones youve hit and not reflected in it. Yeah, yeah. So i think its pretty clear theres a dramatic dislocation in stock price relative to value at this point in time. You know, i know theres obviously a lot of macro effects and other things completely independent out of it, but weve been meeting all the guidance and all the annualized metrics there from when we had set out were plus or minus on meeting or beating those but clearly when it cops down to it, weve executed to everything, you know, that value of what weve been able to do with the Technology Product and ended well for the commercial standpoint and what weve reported the last time we did as a 3. 5 billion contracts from auto makers do this. The key is that its all baked in and we need to execute and scale up. And thats how you go build the company. We outline a pretty clear path in terms of what were doing and that over the coming years, and i think the key point in what weve heard from a lot of folks is the key Inflection Point is all around this volvo launch and thats really where you start to see the three and a half billion in contracts and start converting straight up into revenue and that number scales up to around 5 o 0 50 billion by the end of the decade. Liz okay. When that car comes out, we want it first. You and it and volvo first. We want to show this. We follow each metric here and each weigh station is important. Thanks, austin. Yeah, absolutely. Were making it happen together and building a massively valuable company and hopefully one of the best of our generation and saving millions of lives hopefully statement. Liz well watch it definitely. Thank you. Thank you. Liz uaw snap strike at fords largest and most profitable factory in kentucky has taken the auto maker by surprise. Our countdown closer has a surprise pick that may benefit he says from the strikes. We are going to check ford stock in a moment for you, but a look at some auto makers at this hour, gm, ford, stellantis, honda and the claman countdown is coming right back. This thing, its making me get an ice bath again. What do you mean . These straps are mindblowing they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. And you are . Im an investor. In invesco qqq, a fund that gives me access to. Nasdaq 100 innovations like. Wearable training optimization tech. Uh, how long are you. Im done. Im okay. That first time you take a step back. I made that. With your very own online store. I sold that. And you can manage it all in one place. I built this. And it was easy, with a partner that puts you first. Godaddy. This is american infrastructure. Megawatts of power, rails and open road, and essential services of every kind. 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Liz as part of wall streets push to help rebuild wartorn ukraine the Nasdaq Stock Exchange is now in early stage discussions about bringing Ukrainian Companies public and waving its fee as an incentive to list. Charlie gasparino breaking news on this. We should point out nasdaq officially has no comment. I know people directly involved in these conversations. There is some space between it happening, ipo for ukraine, whatever, and where we are now and some of that space will deferral work of larry fink of blackrock and jpmorgan is doing right now in terms of trying to get capital to flow into ukraine to make something of their Business Community which some of it has been decimated. A lot of it still exists particularly the western part of ukraine. They do have what has been described a budding tech sector. They may have, they may be able to bring tourists in once the bombs stop flying. Wall street is confident confident. This is a workforce that is educations productive, start and they have some tech capabilities. That is what nasdaq is seeing. Wall street money flows first at some point. Who knows when . Some of this is out of their hands. If putin and zelenskyy had a ceasefire tomorrow i think money would start flowing kind of soon, right . They have to have that seize fire. Liz that is not going to happen. There is something that needs to be done with corruption. Clearly every Major Business on wall street is to figure out how to get their hands in there. They need to figure out how to make money. Nasdaqs plan is first, and well see what happens with the new york stock exchange. They want to let Ukrainian Companies, once they past the seed capital and venture stage they will let them do it for free. Thats the plan. What are the impediments for this . Obviously the money as i mentioned. The other impediment you have to get sec buyin on some of these stuff. Do the Companies Meet capital rules. Chinese companies list, theyre run by the Chinese Communist party in many ways and theyre listed on the nasdaq and the new york. It still is something you have to get through. Thats where we are right now. Again there is a lot, from what i understand, we are the first to report it here on the claman countdown, no other place reported this yet, to get from here to there will take something but it is clearly, theyre talking about this is somewhat of a priority for i had Dina Friedman at the nasdaq. Liz she is not going where the soccer ball is but going where it is going. Clearly. Liz she is always looking down the road. She is a smart ceo and you know, you get good publicity out of this too. Just so you know i tweeted some of this out. I got a little back from wall street guys, oh, it is a huge gimmick. This is baloney. You know liz they happen to have nyse eurls . You fell for it, gasparino you fell for it again the spin. Liz thank you very much. Oak. Liz ford stock down 1. 8 at this hour after the automaker responded to the strike at its kentucky truck plant. Back up a little bit, last night 8700 Union Members walked out of fords plant in louisville as no union deal has been reached at that time. Fords head of the combustion unit, quote, the lawmaker is at the limit what it can spend on higher wages and benefits and going further will hurt its ability to invest in the business. Joining us now is Miramar Capital founder and senior Portfolio ManagerMax Wasserman with is a stock pick he says may benefit from the fallout, max . Explain how that would work. Thank you for having me. We like a Company Called general parts corporation. It is about 20 billiondollar cap does after market auto replacement. 70 of the sales is do it for me category. The other 30 is industrial. They will benefit we believe because people hold their cars longer. Average age of the fleets are 12 years age. They spend anywhere from 1000 to 1300 a month, a year just to service these cars. If you cant get new cars you will have to replace, repair your current car. So used cars are going to be become higher demand, and repairs will have to much more service done to them because you just cant get new vehicles. That and higher Interest Rates. So i think the environment bodes well for them Going Forward for the simple fact you will keep the car, keep it longer and repair it better. General parts has 11,000 nap past they do it. Theyre good business. The only negative could be if the strike goes farther and they cant get supplies. Right now i think theyre able to hand handle that, 15 times earnings and aristocrat, we like it. Is your pick in that space because it is able to at least manuever better than for example, advanced auto parts, ap . Advanced auto parts is hitting a 52week low right now and it is a very ugly picture for the company. The difference between the two companies, we got exposed to advanced auto parts, they are a retailer. They overexpanded and ran up costs too much. It was poor management in our opinion. They are able here to manage the inventory and handle this cycle. Advanced auto parts expanded too much and got their costs out of control. Liz i see General Dynamics on your list. I would be remiss if i didnt bring that up. The defense names are down but some of them have been roaring since the open on monday after the hamas attack and slaughter of israeli civilians. Clearly the u. S. Government, it was even more forcefully stated today by secretary of state Antony Blinken that the u. S. , quote, has israels back. They are telling a lost these manufacturers, ramp it up, get israel what it needs to protect itself. How much does that have to do with any of this . Youre looking at week to date gains of 8 for General Dynamics. We like Defense Companies overall both that and Lockheed Martin but if you look at it the world is very unstable at this point. You have ukraine, you have issues with china, russia and now you have the middle east. So the demand for military goods is just driving the tremendously and with General Dynamics theyre the nuclear subs, they are the abram tanks, and stryker vehicles. That demand is much more for the sea and for the land in europe and ukraine. We see the demand going through the roof to be candid with you because this world is becoming unstable. Liz max, thank you, thank you very much. Thank you. Liz good to see you. Good to see you. Liz tomorrow, billionaire entrepreneur frank mccourt, jr. , is talking to us in an exclusive interview on how he plans to transform the internet. Dont miss that. Of course we have got Bank Earnings tomorrow coming out, oh, boy, the market is going to move, were pretty sure about that. Although as am saying it meantime it is moving down as the closing bell rings. [closing bell rings] dow looks to lose 163 points, the s p down 26, the nasdaq down 84, russell, thats a tough one down 39 points. Well see you tomorrow