All right, folk, it aint all pretty, but liz is. Liz oh, charles, thank you so much is. [laughter] and the markets arent bad looking either. Okay, enough. We are watching the markets always very closely as we kick off the final hour of trade. Right now green on the screen. Folks, the s p 500 at a record, it needs to close up 32 points. Right now it is up 47. The nasdaq needs to be up 243 points for a record. It was but right now its up 227. So slightly below that. But at 3 p. M. Eastern, right now, we are also keeping our eye out on the credit card issuers and some of the big banks behind them as we wait headlines from the feds Monthly Consumer credit report. May have the power to move the markets. Its released on the fifth business day of the month. Its almost a temperature gauge of Consumer Health because it covers most credit extended to individuals including auto and student lobes, but it ex loans, but it excludes loans secured by reality. Last month the Federal Reserve bank of new york warned that credit card, student and auto loans were falling into clip quincy, and they were rising, levels rising above prepandemic levels signaling increasing Financial Stress especially among younger and lower income households. So i am continuing to look at these headlines. As soon as they begin hitting the tape, we will get them to you. All right, lets get to this s p bull party to notch a new record, the broader index, as we said, just needs 32 points at the close. Right now we can see we are just off session high highs. Lets look at the s p 500 leaders, real stock standout stories. Nvidia, meta, new York Community bank. Nvidia and meta are both hitting fresh records. Nvidia cracking 900 a share level heading for a sixth consecutive day of gains and fifth straight the record close. Look at this price, 918 a share. Flip it over to meta, if we can, sailing higher at the moment. And we have got meta up 2. 7 as the u. S. House committee and in energy and commerce prepares to vote on legislation giving tiktoks chinese parent bytedance six months to divest of the u. S. Arm of tiktok or face an outright ban here in the United States. So meta, snap, all the social media names that are here in the u. S. Are moving higher. And after a whiteknuckle ride over the past 36 hours during which the stock tanked 4 42 , down to 1. 70, was halted 13 times and closed at 3. 46, new York Community bank shares are on the move to the upside. Theyre off the highs of the session though. We do have them up 5. 33 in the wake of a lifeline rescue from a Consortium Led by former treasury secretary Steven Mnuchin which pumped 1 billion into the Embattled Bank groan requesting under the weight of bad commercial loans, specifically landlordoperated buildings in new york. But do the terms of that lifeline leave the common shareholders in a leaky lifeboat . Weve got the top banking analyst at rau monday james on whether this deal saves the bank or simply delays the inevitability. In the meantime, anyone surprised by semiconductors . No, come on. Theyve been doing so well. With all the yammering that the markets finally broadened out beyond tech, should you believe that, that they should stay in semis or continue piling into the mag 7 overall which are kind of becoming, at least part of them, the sag 7 . To the floor show. We are joined by traders Sarge Guilfoyle and c. Y j. C. We relates. And we do have breaking news, u. S. January Consumer Credit came in at a 19. 49 billion, that is above the consensus. We do have the consensus at 9. 25 billion increase. So at the moment were looking at the markets, wedder president up everything put up everything. Yep, were still to the upside here, but looks like the s p is losing just a bit of steam here. Its still up about 46 points at the moment. Sarge, we gotta nag if our viewers flag our viewers that jay powell in front of the Senate Banking committee today, this morning, said inflation had cooled enough and that were not far from the confidence needed to cut interest rates. What does the markets reaction right now to these headlines about Consumer Credit mean for maybe pushing up, making it sooner or rather than later for a rate cut . Well, i think theres a few things going into the market right now. One is, yes, the probability for a rate cut this year, i dont think were as a close as powell sounded today. I think its more like how he sounded yesterday when he said we had to be patient and it might be a little while. So, yeah, were probably pricing in maybe 50 basis points of cuts this year, maybe not. I wouldnt get overly excited about that. We might be pricing in the president ial election. Im not saying that President Trump or President Biden would be better for the economy right now, but i think most people feel that maybe Going ForwardPresident Trump might be. So i think that maybe theyre pricing in a strong showing by the former president on tuesday. And theres a number of reasons here. As you said, theres a few spots in this market that you have to be in order to make a decent living. This market, this rally has not been broad at all a times, so you do have to be in the a. I. , in the mag if 3, lets say, or mag 4 but definitely not mag 7. And you have to have where you know the flow of capitals going to be. You just cant throw money at the market, lets say into an index fund. Liz speaking of the mag 7 going down to the mag 3, let us take it to j. C. At the incredible custom wall. J. C. , im going to walk over to you because you were talking specifically about how the mag 7 now has the sag 3. Lets talk about what youre showing here and what it means to the investor whos watching right now. Liz, these are the market darlings, right . This is you know what they say, dance with the date that brung ya . These are the ones that a got the market here. Apple making new alltime highs, google is a leader, tesla is a leader to the point where the narrative was that these were the only stocks carrying the market. Which wasnt true all throughout last year as we discussed on the show. But whats happening now . If not only are these stocks not the leaders, theyre actually the laggards. Up here were looking at apple relative to the s p 500. In other words, apples stock relative to Everything Else making new 52week lows. 5 52week lows relative to the rest of the market, googles making 10month lows, tesla making new 52week lows, relative to the s p 500. Liz, these used to be leaders, remember . Im old enough to remember when apple was the biggest of them all. Liz but why not buy at these new 52week or 10month lows . Money goes to where its treated best, and investors piled in to the point where there was nobody left to buy them. Everybody knows these are the leaders, and now theyre being treated poorly. Theyre being penalized for owning these stocks, and that trend is lower. So i think as a investors, we need to remember that a there are other stocks out there. There are other asset classes. Its not just the mag 7 or u. S. Technology. Theres a lot going on. Liz and speaking of the other assetsing there are things that are doing incredibly well that weve been telling our viewers, bitcoin and gold. Where are they in their chartist world . If. Well, bitcoin is putting together quite the base here. And, liz, you and i have been doing this for over a decade, talking about charts. How many times have we talked about these massive bases and the if breakouts that result in if just because the price of bitcoin is at the top of this chart doesnt mean theres resistance here, right . It can go a lot higher. So i think if bitcoin has a 70 handle, in other words, if were above 70, i think the risk continues to be not owning it. Not owning enough. Because whats the upside . The upsides unlimited. Who knows how high it can go, but the risk is very well defined. Liz when you talk about the rusk of not owning something, sarge, what risk do you see in certain specific equity namesesome you are that trade or guy who looks so closely and says ive got to own that, ive got to jettison that. Well, you know, right now im short apple, for instance, so i agree with j. C. On that name. Ive been shorten apple a year. Its been my if best short. As far as bitcoin goes, yes, i although im no crypto fan by any stretch, i agree, the upside is unlimited on bitcoin. But you want to avoid the miners by like the plague. Theyve all tried to get past pivot, and they all failed. I dont know if margins have collapsed or something, but if the miners stop mining because they cant make enough money doing so, that would push forward j. C. s story about an unlimited upside because that would lend to further scarcity Going Forward of bitcoin. And miami a bitcoin fan. Liz okay. Hes not a bitcoin fan. You dont get fan. Com, you dont get into with fan boy area fan dom. Gold, lets look at that one. The kids these days dont remember e when gold did well. Liz those dang kids. [laughter] they dont remember. I try to tell them. In the first decade of my career, gold went up, it was cool being a gold bug. You remember those days, liz. It was going not only not only going up on a gold was still doing better. Liz youre talking about here. Im talking about the 2000s. Liz okay, the 2000s. Some of us remember the 70s. [laughter] so i dont, right . But [laughter] so from the alltime highs in the late 70s, early 90 80s,gold wedged down forever. All of a sudden, it started creeping higher in the earlys, and then the etf came out. Do you think that was a coincidence that now that all these investors that couldnt participate in gold markets before because a mutual fund manager cant just go buy gold bouillon, now they can, were seeing the same thing now with bitcoin, can we not . Liz hey, they can buy it at costco. Really quick, sarge, do you have a favorite symptom name stock name. Palantir, man. Liz big move today. On every dip, ive been buying it. I bought it earlier this week. My target price was 27, which it knocked on that door today, so we need to establish a new target. But palantir, ive been loading up on every dip. That one is for my grandchildren. Stuart whoa. That is a big statement there. Palantir at 26 a year ago, and it was going through tough times. Some is didnt believe anytime, the claman countdown did. I know an anchor over across the river, actually, he an colors from downtown, but anchors from if downtown, but he was really dismiss i of palantir. Thats a mistake. Great to see you both. Likewise, liz. Liz sarge, always wonderful to see you. Thank you. Are. Liz these are some of the biggest market catalysts that could impact your portfolio today. U. S. January Consumer Credit coming in at 19. 49 billion, that blows out the estimate of an increase of just 9. 25 billion. That means americans are shouldering more and more credit to pay for things. Also a keep an eye on nvidia as it cracks the 910 a share level, and its fresh highs yet again today. The nasdaq and the s p 500 touch alltime intraif day highs. All right, what about this . Inflation, the border, crime. With just hours to go before President Joe Biden delivers his annual state of the Union Tonight on capitol hill, rumor has it wall street and big business might just be two of his top targets. Were headed straight to the Nations Capital for the beltway chatter on whats really in his address to the nation. And he could very well tout the stock market success, you know . Look at what the president has overseen here. The s p 500, multiple records, today included. Heres a look at the companies driving it higher nvidia, Constellation Energy and meta this year are the big winners. Nvidia up 85 . Eli lilly up 34 . Amd up, Applied Materials up 31 . The claman countdown is coming right back. Stay with us. I have type 2 diabetes, but i manage it well jardiance its a little pill with a big story to tell i take oncedaily jardiance at each days start as time went on it was easy to see im lowering my a1c jardiance works twentyfour seven in your body to flush out some sugar. And for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. 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Make more of whats yours. upbeat music with the push of a button, constant contacts ai tools help you know what to say, even when you dont. Hi constant contact. Helping the small stand tall. [narrator] Wounded Warrior project helped me find the strength to go further than i ever thought possible. [narrator] i was able to come outta my shell and really connect with others. [narrator] so i can feel like part of a team, part of the community again. [narrator] its possible to live better. [narrator] its possible to have a voice and to be heard. [narrator] to feel understood. [narrator] to find peace. Because ive experienced firsthand that anything is possible. inspirational music liz fox business alert, capitol hill buzzing ahead of President Bidens state of the Union Address tonight. This is a high stakes opportunity for the president to make his case for a second term as he faces several hurdles. Ahead of the state of the union, Republican HouseSpeaker Mike Johnson releasing a video calling out, quote, three years of decline under biden. Johnson also unveileding unveiling his list of honored guests, the french israeli citizen who was kidnapped by hamas on october 7th and tortured for more than 50 days. Mia was released in december. Also invited to attend, ella millman and mikhail girl, covisits, the parents of the wall street journal reporter falsely accused of spying, in a russian prison. Just as tensions between democrats and republicans appear to be at alltime highs, speaker johnson is calling upon republicans to have decourse rum in the chamber tonight. To capitol hill and grady trimble. Ill believe that when i see it. Not that hell call for it, but whether anybody will listen. These things have have become very raucous. Reporter yeah. Things got a little rowdy last year, so well see if theres a repeat despite that call from the House Speaker, liz. Tonight is really an opportunity for President Biden to try to control the narrative on several hot button topics that will, no doubt, be key issues as we look ahead to the november election. Things like immigration, the wars in gaza and ukraine, china and, of course, the economy. You know, over the past several days Biden Administration if officials have been kind of telegraphing what the president is going to speak about tonight. So we do have is a bit of a sense s and we know that hes going to make a few policy proposals, one that might impact our viewers, liz. Hell propose raising the Corporate Tax rate from 21 to 28. On top of that, were expecting the president to announce plans for more aid for palestinians. The war in gaza, as you know, is an issue that has the Democratic Party divided right now. We also expect the president to make the case that the economy is in good shape. But with when you look at polling, and weve been talking to voters including just a couple days ago, liz, on super tuesday, theres clearly a disconnect between the economy the administration is describing and how americans on the ground are feeling about the economy. Were going to have to flood the zone, share the message, share a clear vision for the future that joe biden and Kamala Harris want to continue to deliver for the american people. And were confident that the president s going to do that tonight and over the next several months. Reporter as far as many republicans are concerned though, tonights hourlong speech by President Biden is not going to reverse the three years of what they consider to be bad policy. Joe biden is on the run from if his record and lying like crazy to try and escape accountability for the horrific devastation he and his party have created. All the while they continue the very policies that are causing this horror show to go. Reporter now, the republican response is coming from senator katie britt. She is the youngest republican senator youngest female republican senator ever elected to the senate. Shes a mom of young kids, liz, so that alone is going to be a stark contrast from President Biden, of courseing as voters are concerned about his age and his ability to do the job at his age. Of course, britt will contrast her policies, the republican partys policies to President Bidens as a well tonight. Liz . Liz grady, we will see you in the next hour [laughter] and every hour between then and now. But speaking of the next hour ahead of the state of the union, do not miss Larry Kudlows exclusive interview with House Speaker mike johnson is. Thats coming up immediately following the claman countdown at 4 p. M. Eastern only on fox business. So throw away your remote or put it in the other room. Just put it away. Stay right here. Hollywoods awards season coming to a head this weekend as a oppenheimer, barbie, poor things and more look to grab oscar gold. The ceo of theater chain cinemark is here with his predictions and how the end of the writers and actors strikey still the impacting the Silver Screen this year and how long will they be dinging the profits into the future . Mauve i have studio stocks movie studio stocks have had a rough couple of years. Not netflix. Netflix is actually moving higher today, but it is yearoveryear a real bang orer. Comcast, disney, paramount, warner e brothersdiscovery, a mixed picture today, but those names do have that legacy media pulling back their movie business. We are coming right back. We are coming right back. Dont go away. Ch . And more about discovering magic. Rich is being able to keep your loved ones close. And also send them away. Rich is living life your way. And having someone who can help you get there. The key to being rich is knowing what counts. Get help reaching your goals with j. P. Morgan wealth plan, a digital money coach in the chase mobile® app. Use it to set and track your goals, big and small. And see how changes you make today. Could help put them within reach. From your first big move to retiring poolside and the other goals along the way. Wealth plan can help get you there. J. P. Morgan wealth management. Every day, more dog people, and more vets are deciding its time for a fresh approach to pet food. Theyre quitting the kibble. And kicking the cans. And feeding their dogs dog food thats actually well, food. Developed with vets. Made from real meat and veggies. Portioned for your dog. And delivered right to your door. Its smarter, healthier pet food. Get 50 off your first box at thefarmersdog. Com realfood the future is not just going to happen. You have to make it. And if you want a successful business, all it takes is an idea, and now becomes the future. A future where you grew a dream into a reality. Its waiting for you. Mere minutes away. The future is nothing but power and its all yours. The all new godaddy airo. Get your Business Online in minutes with the power of ai. Liz lights, camera, oscars. Hollywoods biggest night is almost here. The 96th annual Academy Awards on sunday, and all the major studios are gunning for that best picture win. Netflix was the studio that sealed the most nominations, 18 of them, including best picture for bradley coopers maestro. As for the movies themselves, Universal Studios oppenheimer about the creation of the atom bomb scored the most, 13 nominations. And so far at least in the sag awards, etc. , theyve been the favorite at this seasons awards shows. The competition, though, very fierce. Contenders include apple and paramounts latest film killers of the flower moon, poor things with emma stone and the box Office Favorite of 2023, warner brothersdiscoverys barbie starring margot robbie. But will any of this oscar gold burnish the Movie Theater business . Joining me now, the cinemark if ceo, sean gamble, operatinging 500 plus theaters, lets just start with your wager about sunday night. Whats your over under on some upsets we might see sunday . First of all, thanks for having me, liz. You know, upsetses, you never know whats going to come out of the Academy Awards. Theres the so many great films to cause from, you really cant go wrong. You just said it, it seems like oppenheimer has been sweeping the awards season, so that seems to be the leading candidate, but you never know. Barbie was such a big cultural phenomenon, cant rule it out. Liz yeah, i think so. And also as you say, youre never quite sure especially with the oscars. Overall, one thing that people havent been sure of is whether you and the other theater operators will see an uptick in foot traffic at the box office once some of these movies are granted oscars. So what are you expecting to see . Lets just say is oppenheimerer wins a whole bunch of them, do you then get it back into the theaters so people can see it who maybe missed it the first time around . Yeah. Generally what will happen is well bring back some of the larger awardwinning films into our theaters. Currently, actually, were running a whole Screening Program for those that are nominated. So we see a wonderful response to this Program Every year where people want the come and see all the films that they may have missed prior to the awards system, and you definitely get a nice pop back up following for those bigger winners, and we bring them back. Liz its working, because year to date your stock is up 40 lets call it, lets see, 25 . 25 . If very nice if move especially considering all that you guys have been through with postcovid and all of the lockdowns. Lets talk about whats in the theaters now. Warner brothers dune 2. It had a boffo opening, and it is continuing the rake in some money. Does that become the movie to beat this year . Whats coming up next that could meet or beat it . Sure. Well, look, were superrer pleased with the results of dune today. I mean, its had a sensational opening. Word of mouth has been tremendous. Really in the first week it grossed almost as a much box office as the prior installment did over its full run, which we think is just a great validation of consumer enthusiasm for these types of experiences. Will it be the biggest pinture of the year . Hard to say is. Picture of the year . Certainly see plenty of candidates, significant films coming down the pipe. Early on whats a coming down the line, weve got kung fu panda 4 next weekend, shortly thereafter another ghostbusters installment, godzilla v. Kong. Later this year, deadpool 3 which is capturing a lot of attention and interest. And year end things continue to build as we get into year end, some significant films capping the year with a film like wicked which looks absolutely amazing. Liz and the joker or sequel with River Phoenix and lady gaga. Did i say river . If oh, my gosh, that was his brother [laughter] joaquin phoenix. Liz rest in peace, river. Lets get to the tandem artists and writers strikes. Theyre finished, but you still hear in earnings reports for some of the media giants that they are feeling the after a effects to this day. Warner brothersdiscovery comes to mind. Are you . If im wondering if now theyre leaning on that as a little bit of an excuse, because you seem to be looking good every, by every metric including today. The stocks up 3 . Yeah, well, look, weve been working really hard to continue to advance our company even as our industry remains in recovery. Were certainly seeing some of the effect of the strike still this year. I mean, the first half of the year the timing effect of releases because of those strikes is putting a little bit of a drag on the overall volume of titles in 2024 in the first half. And well see that continue to pick up through the year. Fortunately by year end, particularly the Fourth Quarter, Fourth Quarter looks comparable to prepandemic e levels of volume and significance of films. So weve been able to navigate our way through some of these headwinds as weve seen them, and were certainly pleased with the results and really encouraged longer term. The performance in the stock, we think that theres growing optimism within the Investor Community about what were seeing regarding the sustained enthusiasm of consumers to go to theaters or and then the recovery of film volume over time. We think thats starting to resonate with people, and we remain very optimistic about where things are headed. Liz good, good. We like business, we like optimism, and i am picking godzilla over kong. I know kong can punch, but godzilla has the tail advantage [laughter] well, be prepared because this film, they may actually be teaming up against some aliens from outer space, so youre going to have to check that out and see what they do in terms of working together. Liz ill buy that. Good to see you, sean. Thank you is very much. [laughter] thanks, liz. Appreciate it. Liz sean gamble of cinemark. Fox business alert, victorias secret is facing a very public fallout at this hour, down 30 . Shares of the lingerie brand set to post their biggest intraday drop on record. Victorias secret fore if casting weaker tan expected than the expected annual sales as the consumer opts for e ecommerce players like amazon. Jpmorgan downgrading victorias secret from neutral to underweight. They should have said neutral to underwear. And cutting its price target from 22 down to 15. The stock right now is at 18. American eagle outfitter, though, soaring higher earlier, now erasing every penny of those gains. Its now lost it all and is down about a third of a percent. Shares of the apparel retailer had hit a more than 2year high of 26. 44 earlier in the session following a Fourth Quarter or beat and a nearly 65 jump in adjusted earnings. The company also a announced a 3year strategy to improve profitability even further. Im just looking to see if there are headlines here. It did hit that earlier year high but right now it looks like the only can nothing really. Maybe it, maybe its the Consumer Credit report that Shows Consumers are loading way more credit onto their cards and and on their a shoulders. So well keep watching this. Investors are saying yes to novo nordisk. Shares of the semiing pick and wegovy maker surging to a record high after the Company Revealed promising results from its new weight loss pill. This is a pill. Now, in a phase i study, patients who took the pill lost more than 13 of their body weight over a 12week period. That compares to a 6 drop in body weight other the same period over the same period from the companies companys wegovy shot. If the numbers improve, looks good for novo nordisk which is up 8. 6 . Former treasury secretary Steven Mnuchin riding to the rescue of new York Community bank, one of the nations top banking analysts here next to tell us whether mnuchins white horse could one day find itself put out to pasture or winning it all. The s p 500 regional a banking etf, ticker similar kohl kre, we talk about this a lot, just about a every regional is in this basket. Its flat the slightly higher, but over 1 month its up about 5. 5 . The claman countdown returns in a minute, were talking new York Community bank. E 2 or what if. vo onceweekly mounjaro could help. Mounjaro helps your body. Regulate blood sugar. And mounjaro. 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The worry every single month to make that payment was gone. Our customers homes are taking care of them, maybe your home could do the same for you. [narrator] call aag, the countrys numberone reverse Mortgage Lender and get your free info kit. Call the number on your screen. I got the cabin for three days. Its gonna be sweet what . Im 12 hours short. Have a fun weekend. Unnecessary action hero unnecessary. Was that necessary . No. Neither is a blown weekend. With paycom, employees do their own payroll so you can fix problems before they become problems. Hmm get paycom and make the unnecessary, unnecessary. See you down the line. Liz the saga of new York Community bank over just the last 35 days, i mean, weve been talking about the oscars, this could be a movie treatment full of bombshells and deathdefying drops and an 11th hour rescue. New York Community bank at this hour is up 5 . It was higher earlier, but this gain comes after former u. S. Treasury secretary Steven Mnuchin along with a group of investors plowed more than 1 billion into the struggling commercial real estate lender. They broke that news yesterday. Former controller of the currency and mnuchins longtime ally held a News Conference call with analysts this morning. Key takeaways . The firm had 77. 2 billion in deposits as of march 5th. That is down from 81. 4 billion at year end. Its common its quarterly common dividend will now be slashed down to a penny, a penny a share from a nickel at the end of january. Of course, they cut it to a nickel at the end of january because they found all a kinds of problems on the Balance Sheet. The influence fusion now influence infusion if creates a fortress Balance Sheet. Joining us now, Raymond James banking director steve moss. He was on the call this morning. Steve, when you look at the stock, i wouldnt exactly say the market is cheering this. Lets call it a golf clap maybe. You were on the call. What struck you about what was said on this call . What struck me about the call was details were fairly limited. It would have been helpful if they provided additional disclosures around their portfolio of multifamily loans. We dont know much about the infrastructure there. We dont know who what type of properties theyre lending to. And those sorts of things do matter when it comes to assessing their credit exposures here. Liz yeah. And i believe on the call they did discuss and admit that there was depositor flight which we would hope the 1 billion infused yesterday would put a stop to that. But they also pointed out i dont know if you thought this was as interesting as i did the executives noted that customers from Signature Bank which, of course, new York Community bank had acquired last year during the regional a bank crisis because signature is was about to go under, that those depositors were the ones who were most jittery and pulling their money out. I guess you could figure once bitten, twice shy. But whos to say either way theyll keep their money in this bank . You know, thats a fair question. I think at least in the short term this Capital Raise helps provide some confidence with regard to those depositors. Longer term here weve seen some pretty big management shakeups in the past couple months, and that will probably make not only the depositors question things, but also those who are doling with the bank. Dealing with the bank. I think theres a good chance some of those employees from signature go to other greener pastures. Liz we know one thing, former treasury secretary Steve Mnuchin is a smart guy. This is not his first rodeo. Years ago he bought what was, of course, the failed Mortgage Lender indy mac after after the financial isis. He talk abouted that around turned that around, and he put joseph otting in as ceo with, now the ceo of new York Community bank, so theyre back as a partnership here. I just find it interesting that it was the controller, you know, the controller of the currency this time around who, according to reuters, had actually pushed for new York Community bank to pursue a deal that has contributed to these recent financial woes, and that deal was to buy Flag Star Bank and take on too much onto its balance theme sheet. Well, i would say a couple things. You know, new York Community has diversified itself from if being a legacy thrift focused on multifamily lending, and flag star was definitely a piece of that puzzle. You fast forward about three, four months later, they acquire signature from the fdic. That enhanced their deposit base. I think the problem there is they had much greater hold on their own Balance Sheet than anyone appreciated, and, you know, there was an tub there for them there for d an opportunity for them to raise capital pretty much because theyd been blessed by the fdic. Unfortunately, they did not do that. It would have allowed themselves time the work through their own issues. Perhaps do some restructure things of their own. You know, youre here today, people still have a lot of questions given the disclosures we know now that, you know, create challenges. So, you know, unfortunately a lot of this is legacydriven versus flag star or is signaturedriven, though signature did push them over 100 billion, and that clearly resulted in other regulatory liz what about the common stockholder . They are massively diluted. While the guys who are putting their money at risk, this consortium already, i believe, are in the money with all of the detailed work theyve done to make sure they get the warrants and the preferred, etc. Doesnt this have to be approved by shareholders or not . I difficult think this needs to be approved by shareholders. At this point, you know, this is a rescue thats essential, and and, you know, the dilution is what it is at this point. I think there are some approvals in the preferred side, but id have to go back and look. Liz no doubt that the free market is working here. Thats a good thing. So were not seeing a bailout by any government regulatory bodies at the moment. We like that. I know our viewerinvestors like that. [laughter] but we were talking to a source who is big in banking mergers, understands this very closely, and he basically e said this, their assets are worth very little, and we will continue to see impairment which will eventually lead to a slow failure. Whoever gave them a billion dollars hates money. That, obviously, is bravado wall street talk, but is there a grain of truth in any of that . I think thats pretty aggressive here. You know, are there, are there issues within the portfolio . Yes. The exact size and structure, we dont know at this time. You know, definitely the rentregulated real estate and multifamily has been under pressure if given the legislation that does impact values, that does impact the collateral. So that is a problem for the bank. Theyre probably going to have to work it out on their own. It would be very hard to sell that stuff without taking a substantial loss. So, yes, theres probably some truth to it, but we dont really know how much. Liz i appreciate you coming on, and i think your letter was, your letter your note that came out, i just want to know, you got it at a market perform. With can you just define for our viewers what that really means . We have a fourtier rating system. Strong buy, outperform, market perform and underperform. So, you know with, market perform is at the lower end of the range. Liz okay. You know, pretty much in line with the market. Liz steve, good to see you. Thank you. Good to see you. Thank you, liz. Liz new York Community bank is up 4. 6 at the moment. Dramatic new fattage from the gulf of aden footage after the first Deadly Strike of a cargo ship by Iranbacked Houthi rebels. Were going to get a live report from israel as the conflict in the region takes a deadly new twist. The i women shares ishares Aerospace Fund has gained about 14 over the last 6 months. A lot of the names in this etf are supplying israel with weaponry. Stay tuned, were coming right back. If. If. With the chase ink card, we got up and running in no time. Earn unlimited 1. 5 cash back on every purchase with the chase ink business unlimited card. Make more of whats yours. I love your dress. Oh thanks i splurged a little because Liberty Mutual customized my Car Insurance and i saved hundreds. Thats great. I know, right . Ive been telling everyone. Baby liberty. Did you hear that . Ty just said her first word. Can you say mama . Baby liberty. Can you say auntie . Baby liberty. How many people did you tell . Only pay for what you need. Jingle liberty. Liberty. Liberty. Baby liberty. Liz breaking news. The death toll has now risen to three. Three people now dead following wednesdays attack on a liberian owned cargo ship in the gulf of aden. The number could have been higher if not for a Daring Rescue of survivors bring the indian navy. Look at this new dramatic helicopter video. We should take this wide, so you can see it clearly. The crewmembers of the ship named clear confidence were forced to abandon ship and plucked off life rafts this morning. Unbelievable. As attacks in the region take on a deadly zone, crude oil is 79 a barrel. Were in the aftermarket at the moment. Fox news correspondent tray young on those attacks and continuing conflict in gaza. The trey, the state of the Union Tonight will no doubt be referencing this . Reporter liz, good afternoon, were learning that President Biden tonight during his state of the Union Address is set to announce that the u. S. Military will help is set up a port off the coast of because is a gaza to get more humanitarian goods. This is a Significant Development and the announcement will be the first time that u. S. Forces will be getting this close to the war unfolding inside gaza. It does come 153 days into the conflict as palestinians are desperate for aid. Some of it tricks kelling in through the Southern Crossing with egypt. You can see here in this video they received more aid today from the United Arab Emirates whose military conducted a airdrop over gaza. The Israeli Military announced two dozen aid trucks made their way to the northern part of the strip in the past day. For now there is no end in sight for the war. Gaza said their negotiating team left without a agreement in place. We go to israels northern border where 20 rockets were launched from southern lebanon by iran backed hezbollah today. Israeli military continues to respond striking new positions in lebanon. Were looking at three different fronts from gaza, lebanon. With the holy month of ramadan starting this weekend that escalating tension across the region will keep rising. Liz. Liz bring you back to what you started with, President Biden is expected to order the u. S. Military to build floating ports off the coast of gaza. This almost brings back what chirp hill did during normandy and dday invasion, build these floating mulberry ports. Do you think that will cause tension between the u. S. And israel at this moment . Reporter it is a fantastic question because there has been a lot of attention on this issue behind the scenes. Weve been talking with both american officials and israeli officials and they are clear, there are firm disagreements right now about the amount of aid getting into gaza to the more than two million palestinians that are living there. The United States has been trying to pressure israel to take more action, allow more crossings to be opened and get aid into the desperately suffering part of northern gaza and it simply hasnt made it there. That is why the military has resorted to airdrops. The u. S. Military conducting at least three of their own drops over the past week. As for this floating port, this is an opportunity for the United States to say we are going to act alone. There will be coordination with the israelis. They will simply be open to this idea, it will take pressure off israel when it comes to supply gazans for humanitarian assistance. Liz bingo. I think it gives some cover and allows aid to get in there more easily an both sides will hopely think this is a good idea. Thank you very much, trey yingst. Closing bell three minutes away. S p looks to close out the day at a new high. It needs 33 points to hit that mark. Were up 53 points. The nasdaq, the nasdaq call it within spitting distance ending the session at a record high. That index needs 244 points above that level. Up 240 points. Earlier today, nasdaq high, 277 points. Lets look at the dow winners right now. We have not given a lot of love to the dow jones industrials. The dow at the moment is moving higher by 127 points. Weve got, and again the semiconductors are still really the big muscular names here. Intel, right at the top of the dow jones industrials, American Express is one of the gainers. Youve got on the losers, amgen, verizon, jpmorgan chase, visa and mcdonalds. Once again you know i did find it pretty interesting we are looking at volatility at this moment almost without a pulse. It is just completely flat. And so you wonder what about the s p leaders, are they the ones that are really punching higher . And is it because many of the names here have big storylines behind them . Kroger, for example, kroger says it is still going to continue to pursue its purchase of albertsons even though we do know that the regulators have said no go. We already showed you at the top of the show how many s p leaders are attached to important semiconductor businesses and that would be on semiconductor, kla, asml, all of those names. We do have earnings out after the bell. Let me give you the three names, costco, marvell, a Semiconductor Name and docusign. Costco is going to be a big one because what you can read into those numbers, the health of the shopper, the health of the consumer. Of course it is a discount operator. If you see those numbers looking really, really strong, what is important to note maybe that is a sign that let me check costco. Costco hitting a record high, 787 today. Right now at 785, still a record, a gain of 1. 6 . All of those numbers and more. Tomorrow we are all over any reaction to the state of the Union Address and the markets once again on that friday. We shall see. We have the crowdstrike cofounder and ceo kurtz, bank of america head. She will join us and talk about her higher s p call. [closing bell rings] that will do it for the claman countdown. Larry kudlow as speaker johnson. Larry hello, folks, welcome to kudlow, im larr