Stocks right now are moving mixed, the dow and s p lower, the dow down 87 points, but the nasdaq is up 27 s. And what do we have . We have this month which has a very bad reputation. For the last 77 years, the s p has averaged a threequarters of a percent loss during september. Now, historically it is known as the worst month for the index. And if you go back to 1928, that loss worsens to an average fall of 1. 1 . Yes, the stats back with up that bad reputation, but its not necessarily predictive, folks. And if the last two weeks are any indication like you see on your screen, that big run iup we saw runup we saw could mean the bulls are emboldened this time around. When we keep an eye on this holidayshortened trading week, air travelers are keeping an eye on the flight monitors. We have this breaking news, United Airline shares are moving lower by 2. 5 at this hour after a temporary but pretty serious or nationwide ground stop. Weve got matt finn joining us now from los angeles with the very latest. Matt, its back up and running in whats going on . What happened . Reporter it is back up and running, but flight item aware reports 330 flights were impacted. It began around 1 p. M. Eastern and lasted for about 45 minutes affecting about 12 of todays flights. United explains that it found a fix for some type of Technology Issue and is working right now to help customers who were impacted by the ground stop. The faa says earlier today the United Airlines asked the faa to temporary hi pause all of its departures nationwide, flights harp already in the air around the 1 p. M. Hour continued on their a paths. Transportation secretary Pete Buttigieg responded and posted to, and social media, quote, am aware of the nationwide ground stop at United Airlines due to i. T. The issues. Faa is currently receiving more information about the cause and scope of the issue, and d. O. T. Will make sure United Airlines meets its obligations to affected passengers. Buttigieg directed passengers to the web site flightrights. Gov which he says has information for customers who experience major delays or cancellations, liz are. Liz thank you very much, matt. Well keep an eye on it for everybody. Yet a littling bit of a nightmare for people trying to fly. Airbnb investors are on cloud nine, look at this percentage move, merely 8 higher nearly 8 higher after getting a muchcoveted invitation to join the s p. Thats, like, the holy grail. Stock officially joins the index on september 18th. The 2day picture shows the big bump, it has gained a beefy of 7 president 67 year e to date. Second quarter Profit Growth of 75 and 18 sales growth. You know, only one other company got the same invitation, and thats blackstone. The private equity giant popping 4 on the s p inclusion news. Bx has gained 46 year to date. It and airbnb, who made the room for them . Lincoln national and newell brands. No surprise both of these are moving lower. They have fallen well below the market cap requirement of 14. 6 billion or higher. Theyre going to move to the s p small cap 600 index. We should see how tech is looking here. Nasdaq, weve got it up and down and all around here. It is up just a slight, you know, segment here, up about a 16 points. Nasdaq earlier was down the least of the a majors and has punched into the green a couple of times now. Big news actually swirling around a private but soon to be public if stock we need to tell you about, chip architecture giant arm has officially kicked off its road show to drum up interest ahead of its public debut. The ceo helm. Ing the effort which according to Company Filings expects to price between 4751 a share, giving it an implied valuation of up to 54. 5 billion. Japanese Investment Company softbank, which bought arm in 2016 for 32 billion, had hoped for a of 64 billion valuation. Whats going on there . Isnt the chip world the hottest ever . Coming up, tech investor and cohost of the number one business podcast all in joins me in a fox business exclusive. He is david sacks. Well talk about that, the a. I. Hype cycle, and hes about to the make a major announcement about a new company hes backing. Dont miss sacks, known as the rainman, 3 30 p. M. Eastern right here on the claman countdown. We are just over two weeks away from the federal reserves ratesetting meeting. The data has been slowing at what experts say is an appropriate pace, and bank strategists are downgrading, so lets get to the floor show. Trader Scott Shellady and guru andy brennerer. You know, scott, youve been trading for decades worth of septembers. Whats your feeling this time around . Is it going to duck the ugly stick . You know what . Im not too excited about the market rally are. I think headwinds, i dont like what im seeing with oil as high as it is today. I didnt like that jobs report at all. I look looked at the revisions, and the revisions were bad. 400 points of Interest Rate hikes still need to kind of come through. I think were only starting to see the tip of that. Weve got auto, home concern auto and home delinquencies spiking, our are going up again, the housing sectors not moving at all. You dont want to pay 775 on a mortgage, and you dont want to leave your 3. 5 mortgage. You know what . I would probably have to say i disagree with goldman sachs. Liz okay. Their big strategist saying he is now downgrading the possibility of a recession by 15 . You know, andy brenner, its less about that and more about tell me where to put the money, right . And right now you being the fixed income guy, you had said buy tbills the last time you were on, and look at them now. These are the ones that are from one month all the way to twelve months. Theyre all above 5 . Liz, it was great because whats happened is whereas another guest said, you know, or other people have been saying go long treasuries, go out to longer treasuries, thats not been the right place to be x. To scott, what he just said, hes absolutely right. The economy is slowing down. Now, i dont think its going into with recession, but it is slowing down, theres no question about that, and thats going to weigh on equities. But thats not my expertise. Its about rates. So what im thinking is as the economys going to slow down, rates liz sorry to interrupt, six months are yielding 5. A 53 right now. Liz, thats a hayup. I mean layup. This in february of 22 you had over 5 trillion in money funds where they were paying. 02. It costs people a billion dollars, thats all they paid. Today, you know, those are are paying 5. 08. That thats cost the fed or or whatever 300 billion. Thats the place you want to be. And i think given what scott just said and the slowing down of the economy, i think you want to consider extending but not this week, not today because youve got 2530 billion of new interest corporates coming today, and thats weighing down on treasuries. But i think youve got to look for a la place which to extend out the treasury curve. Liz but with, scott, if you want to go with equities, talk about a layup, crude oil closing above well, what was it here, 91 a barrel, melanie . Thats correct, yeah. 10year highs. Liz and brent was just insane here. And im looking, actually, in the aftermarket, it is well below that at the moment, 86 well, make that, brents at 89. But, i mean, you mow that weve got you know that weve got saudi arabia saying that theyre going to extend the cuts for the rest of the year. Doesnt that then mean, hey, let me buy the integrated oils or maybe the refiners, something in the Energy Complex . Well, yeah, 10month highs today, they announced, saudi and russia, extending those cuts. If you go back and look at our, just our coal use since 2020 the, every year we use 10 is more coal than we did the year before. Were going to have, these fossil fuels are going to be with us, whomever you may be out there that think were going to be able to have our armies and all of the marines on electric machines, its t not going to happen. So i love it. I think its one of the places to be because were going to slowly but surely come around to it. And i have to add this real quick. Liz yeah. Its not esg, right in [inaudible] they also hate ranchers, they hate beef, they hate all the things, so theyre trying to the take away [audio difficulty] food and our fuel, and its just not going to work. Thats not a trade that i want to get behind. Im going to stick with our ranchers and refiners because thats going to be the here in 10 years, and a lot of these fad trades arent. Liz hey, i like a nice filet mignon on any given day, and im not surprised the guy in the coupon cho not the cow coat today, youve got a poncho, scott . Well, im in nashville, so its my gnash ifville [laughter] liz okay, perfect. App key, im looking at fed funds futures. September, obviously, theres going to be a pause no question about it. Liz we knew that. Now, november it looks that 46 believe we have a 25 basis point move to the upside. Well, now its yeah. 46 . So its going to be close, liz, but i believe that the economy is slowing down. I believe that as we just mentioned the higher oil costs are going to slow things down. I think the Interest Rates are being too high. Even the the head of the g20 today said that he sees Interest Rates globally hurting the economy. But getting back to your oil, you know, the one thing that really worries me is china is a basket ca case right now. And if china continues to have horrible numbers, thats your biggest consumer of oil. And plus, i do subscribe to a couple podcasts. It looks like the is now the u. S. Is now coming up with some of the highest oil that theyve been producing. I think were up to 12. 8 or 12. 9 Million Barrels a day, so thats a good thing. Liz im just checking, chinese stocks are mostly down right now. Baba, bay due yeah, theyve been failing miserably in their stimulus. Liz scott, really quickly, anything in tech world you like . Not yet, no. I mean, i love [audio difficulty] these chips are going to bail us out. This is what ive within waiting for. I didnt know how it was going to [inaudible] but you want to get behind the likes of nvidia and anything that looks like that but not right now. Youre going to get a better chance. Liz would you buy br at ipo . Ah, yes. Yes, ill. Liz really . Okay. Because there are a few little clouds forming over that a one. Thats what were going to talk to david sacks about later on in the show. Andy, scott, so appreciative and, yes, im glad you busted out the coupon cho. You need, like, a cow poncho. Okay. September is typically a cooling off for the stock market, were not seeing any september effect when it comes to the weather. Record temperatures expected awe across the country today and the rest of this week making one companys stock red hot. This industrial hvac provider has sizzled up 73 over the past year. The ceo is next in a fox business exclausive. Exclusive. Claman countdown is coming rightment Dow Jones Industrials down 143 points. Or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. The new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where youre heading, without fingersticks. Dexcom g7 is the most accurate cgm. So, you can manage your diabetes with confidence. 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Heres why you should switch fo to duckduckgo on all your devie duckduckgo comes with a builtn engine like google, but its pi and doesnt spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. Liz the unofficial end of summer has come and gone, but the broiling temperatures are still sticking around. 90 degree heat pluses is enveloping major cities from minneapolis to chicago, to cheyenne, oklahoma. Not cheyenne, wyoming, cheyenne, oklahoma. All the way down to savannah, georgia. Meanwhile, were seeing record highs already today here in the northeast including states including maine, virginia and delaware. Finish crashing through old records. But theres one company keeping its cool as its stock has climbed 30 year to date. Aaon provides full hvac systems as well as parts for commercial that thing looks like theres an earthquake [laughter] commercial and Industrial Companies across the u. S. And canada. But it is quietly had an incredible move. Joining us now in a fox business exclusive is gary fields, the ceo of aaon. We were looking at the map, its 98 degrees in tulsa right now . Hows your a c holding up . Are its wonderful. Its about 71 is degrees here. But, you know, weve had these record temperatures going on for weeks and weeks now, and its put a lot of stress on hvac systems. Liz yeah, i can imagine. And when we talk about the business that youve been doing due to this recordbreaking heat, how has it been different yearoveryear compared to exactly the time last year . Well, if i look at it strictly because of the climate, i think it has some influence because units are definitely stress thed and falling apart and, you know, or newer units are needed. But more importantly, i think weve seen people moving towards decarbonization, electrification of their full systems, and thats really empowered a lot of to our growth. Liz are you like generac, its sort of one and done, you install it and it lasts forever . Talk about the cycle of hv remarks c systems that are for these huge buildings, big skyscrapers,es which is what you do here in north america including canada . Well, i would say ordinarily most equipment is good for maybe 15 years. But we know for a pact that we have an abundance of equipment thats 20 the, 25 the years old and still providing good service to the client. Liz one of the things that requires extremely Cool Temperatures when it comes to industrial efforts is data server work, right . Were talking about Semiconductor Companies and things like that where they really need very Cool Temperatures all the time. Your company had acquired basics back in, what, 2021, and thats exactly what they do. They specialize in hvac systems for the chipmakers and data centers. How much has bay sicks added basics added to your top line growth . Well, theyre growing at a compounded annual growth rate of about 45 . And they continued to do that. So thats outstanding. Now, theyre roughly, oh, 1012 of our total revenue at this point. Liz what companies does basics provide with a c equipment when were talking specifically about chipmakers . Well, ill have to say that our clients dont want us to disclose their names. But ill say this, there is no chipmaker in north america and theres no Data Center Operator in north america that is not either a client or considering us, one of the two. Liz oh, okay. Then you span the gamut here. You know, with your most recent earnings call, the president and cofinder of basics mentioned supply chain issues are, quote, still very much an issue here. What is difficult to get your hands on as far as parts within the supply chain issue that you still havent been with able to clear the clog yet . Yeah, those are really focused on electric and electronics. So of all things, simple things like fuses and fuse blocks. But also Electronic Components that we utilize in manufacturing our control boards to control those units. So those are the things that are still a bit sticky. Liz weve had some pretty incredible, strange, major, extreme weather events such as horrific in some cases, maui fires, for example. Weve seen hurricane idalia come through which was particularly bad. Talk about what youve seen and how you assess the potential for these things. You know, the insurers like to sit there and anticipate whats going to happen. How do you anticipate and then how do you build that up for your business . Well, we have a heritage in helping out in these catastrophic situations. Ill hearken back to the days when covid first manifest itself. New york was short of hospitals, and they built two temporary hospitals on the city, university campuses. We were able to respond very, very quickly with over 4,000 tons of specialized airconditioning for that. So that kind of set in place, for instance, in maui theres an Emergency Services building thats trying to be erected right now. They needed us to expedite equipment for em. So were also not only do we like to expedite that equipment, but we do it at our standard fee. We dont charge any kind of an expedited premium fee. I dont believe in taking advantage of catastrophic situations in that manner. Liz well, of course not. I understand. Climate change can also mean historic storms, no if storm snowstorms, not just heat events. Youre in the hv part of hvac, which is heating and ventilation as well. These bomb cyclones that have suddenly started to pop up every winter clearly are an event that you could, i hate to say capitalize upon, but you do. But that brings me to this question of exactly whats going on in commercial real estate . A lot of these buildings are now empty. How is that affecting your business . Some of these are not even selling to back to the banks, theyre being abandoned by the people who still owe their mortgages. Have you modeled for this worsening . Yes, we have. We have offsets in our portfolio thatll offset that downturn. Weve already seen a downturn in those commercial buildings. However, i just spent some time with our