Industrials, s p up 23, the nasdaq up 1022. Russells got a gain of a 15 points and the transportses a nice move of a full percentage point. Just about anything, we should say, that is chiprelated due in great part to a. I. Momentum is moving higher. Intel is right up there as one of the top performers with a, lets see, 4. 55 gain, that is a good move. Applied materials, up 2. 25 . These are the aaas, aat mat, apply frommed materials and amd. And how about arm . Arm having a strong session. Hpe at the bottom here, it is not specifically e a chip stock the, but it is getting a 3. 5 bump on recordbreaking order at its a. I. Unit. Coming up, ceo with antonio nary is here in a fox business exclusive on the brave new business hes doing in a. I. Okay, so if you noted, i said just about everything chiprelated because we needed to leave room for micron which is going in the opposite direction. Shares of the worlds fourth Largest Semiconductor manufacturer having their worst day since may. Stock is dropping 4. 7 , just off session lows. A second ago it was down 5 here. Microns quarterly revenue fell 40 from a year ago and forecast a wider than expected fiscal First Quarter loss due to waning demand for its High Performance chips. But the ceo says, dont worry, its going to improve in a year. Stock traders almanac is right again. September living up to its reputation as one of the worst months of the year for stocks. The dow is on track to close out september with about a 3 loss, and the s p looks to see 4. 5 sliced away. It does get worse from here. For the month, its a 5handle for both the nasdaq oh, now its a 66handle for the nasdaq 6handle. It was about 5 a. 99 when i wrote that. And the russell 2000 down 5. 5 for the month. Nasdaq, by the way, is perilously close to dropping below 13,000, at the moment 13,199 1 points. We are an hour away though from to two potential market movers. Fed chair jay powell will speak at an education forum, and nike earnings are going to be released. Investors are very eager to hear some better news that moves nike. In 2023 nike shares have lost 23 of their value, and thats the worst annual performance since youve got to go back to 1997. All this plus breaking developments on the looming Government Shutdown. The u. S. Government has begun notifying federal workers that a shutdown appears to be imminent. Coming up, its a cantmiss live interview with House Budget Committee chair jodi airington of texas. There is some breaking news. A bunch of Republican Congress people just sent a letter to Kevin Mccarthy demanding to know some answers about what if, what if there is a shutdown. Lets get right to the floor show, because it is affecting markets, at least putting a cap on them. Joining me now, steve soz nick and trader e keith fitzgerald. Steve, which takes bigger precedent . Theres green on the screen today, and thats impressive or considering we had kind of a fumble yesterday, and its not been too pretty the past couple of weeks. Yeah, there ises a little bit of a relief rally here. We did get a bit oversold earlier this week, so its think to see a little bit of a bounce. But we kid see a lot of risk did see a lot of risk sentiment come back with in the market when we saw vix go from a 13. 5 to 19 in a short period of time. Weve come off a little bit there. It was nice to see us bouncing a little bit. The timing was such that it was right around 1 30 when the europeans went home, the u. S. Trader will play. But thats markets dont move in straight lines, so its good to see a little backing and filling after this decline. Liz keith, do you expect the sort of negative september seasonality is going to seep through until october, at least the first couple of weeks. Thats a tough call for reasons that steve just mentioned. Youve got a lot of back withfilling, a lot of give and take right now, but, a, that creates opportunity. And, b, you know, thats an exciting time if youre an investor or even a trader, because you want to buy low, sell high, or you want to have a plan and stick to it. Chaos creates that. Liz well, as you said, chaos creates opportunity. There isnt exactly chaos at nvidia, but there is a headline we need to get to you all. Nvidias french offices have been raided in a Cloud Computing competition inquiry. Of course, as we all know, keith, nvidia has been that leadership name in a. I. Chip making, and it has well, let me look at it. Yep, it is still at a 3 trillion sorry, yeah, 1 trillion market cap at the moment. Shares are actually still up about 1. 33 , but these kinds of headlines, if they do end up creating some fear, volatility, is that the the time to scoop up some on discount . Oh, yeah. No question in my mind. If you look at this, government regulators the world over have been caught flat footed by a. I. , by technology for decades. So a raid like this is nothing more than going after microsoft, going after activision, its going after google, amazon, whatever. Big companies with Great Technology take that stuff in stride. Thats not a problem in my book. Liz steve, taking in stride is not exactly whats been happening this september because the volatility index has had a pretty decent move. Month to date, i believe its in the red right now, yep. Just down about want to say 4 today. But for the month up 28 . How do you capitalize on that . How do you do what keith just talked about, take chaos and turn it into a Good Opportunity . Well, you know, you have to think of it in terms of complacency versus chaos with. I any right now earlier this month we were pricing in complacency, which was fascinating to me because the market wasnt complacent. It was sinking through you know, we havent come up to our levels from july 31st ever since then, so weve been sinking steadily since. But the vix was, like, mired at complacent levels. Then we got back to more normal levels. But that big jump to 19 only took us back to more historically normal levels. Im using this as an opportunity to buy pullbacks in vix right now. Thats one of the things im looking to buy because i think theres still more volatility reckoning to come. Weve not yet found the bottom. Maybe we have today, but today doesnt feel like a major bottom, it feels like a bit of a trading blip. And i think until or unless we start to feel things have turned around in fixed income and equities, im looking for opportunities to buy volatility. Liz im not so sure is about fixed income. Treasuries, if youre talking about government debt, keith, we are still at 16, 17year highs, 16year highs for the 10year yield. Right now the 2year is at 5. 079 , slightly lower than yesterday. But these are still big deal yields. And youve got so many people out there shorting treasuries because they look at what the fed said, longer higher for longer when it comes to interest rates. Well, i mean, you know, thats the oldest trick in the book, how to screw up financial markets, higher rates ahead. The fed is dead set on doing that, and they cant seem to liz okay, so dont fight the fed. Im sorry . Liz dont fight the fed. If they are going to do what theyre going to do, profit from it, right . Well, exactly. This is the thing, you know, its the oldest rule in the book, you dont fight the fed. Whether you agree wit or not is moot. [laughter] one of the ways im doing that is going after Companies Like chevron, for example. We know the feds going to introduce more spending, the governments going to have more spending, higher rates, oil is a great way to play that. It gives me the offset to go after tech aggressively. Liz steve, nobody got poor taking profits off the table. Thats really one of the adages that every trader lives by, right . Liz so would you sell when you see a rebound like today . It depends where you think the trend is. If you believe that the trend has turned meaningfully lower in equities, well, then you have to switch from buy low, sell high to sell high, buy low. Thats when you do take profits, and and you hope to come in at a lower valuation. I think right now the mediumterm trend is pointing lower, and so i think thats a reasonably different tactic of taking profits when you can get them and looking for better entry points. If and when the the trend turns back up, of course, you want to be looking liz thats right. Buy low, sell high. And hen sell high, buy low. My dad, a doctor, notoriously bad investors, doctors are. Would say, kids, buying low and selling high on kodak put you through college. [laughter] steve, keith, my thanks to you both. Breaking news here, President Joe Biden campaigning in arizona at this hour. The president announcing he is directing funds to build the Mccain Library at Arizona State university to honor the former republican senator, president ial candidate and war hero, john mccain. Critics of the president are complaining that while hes there in arizona, he is not planning to visit the southern border during his stop, and it was Border Security that was one of the hottest topics during the second Republican Debate last night at the Ronald Reagan library in simi valley california. Seven candidates, a lot of people on stage, fought to stand out in the fox business debate, and today her trying to spin the results in their favor. Madison alworth is at our debate location with more on what the 2024 candidates are saying the day after, madison. Reporter hey, liz. How are you . So following their performance during the debate last night, candidates are spending the day today clarifying and defending their position. Theyre also calling out the frontrunner for not being in attendance. In iowa and new hampshire, those voters expect you to show up. He tried to attack me and has been doing it a lo. You know, its one thing to do it behind a keyboarder. Step up on a stage and the do it to my face. Reporter the approach to ukraine was one of the more divided moments of the night. Vivek ramaswamy and ron desantis arguing that the money spent on ukraine aid could be better spent here at home. Others stressing that a loss in ukraine has a dangerous ripplefect. Effect. We need to arm the ukrainians to degrade the russian army. This is a fight with china and russia and, and north korea and iran. And we need to send them all a message on this. Reporter china was also a big focus, specifically ties with tiktok. Heres nikki haley calling out Vivek Ramaswamy for his presence on the social media app. Part of how we win elections is reaching the next generation of Young Americans where they are. Tiktok is one of the most dangerous social media apps that we could have. Yes, it is. And once youve got honestly, every time i hear you, i feel a little bit with dumber. Reporter he she had the opportunity to clarify her position this morning. She doubled down. That is really controlled by our biggest enemy is not what you need to be telling young people. This is a major espionage tool that chinas using. Why are you getting on it in . Right. I think it disqualifies him right off the bat. Reporter of course, the economy was a big focus last night, and one of the things that all of the candidates agreed on, they feel that bidenomics is not working. Liz . Liz Madison Alworth with right there in california, thank you, and thanks to the whole fox Business Team behind the scenes especially. That was one beautiful set. They took forever to build it, they were so meticulous, looked great. So thanks to the tech team there. Artificial intelligence forcing businesses to change tactics across the nation. Up next, the ceo of hewlettpackard enterprise is here in a fox business exclusive on the record amount of business they are doing as they bring with a. I. Into the hpe cloud. You need to turn your attention to the dow 30 heat map. As i said at the start, yes, intel is at the top, and now its climbing up even higher followed by caterpillar, Jpmorgan Chase and cisco. At the bottom, boeing, Procter Gamble and walgreens. The claman countdown is coming right back, so youre not allowed to movement im sorry. This is Spring Semester at over 13,000 us school districts, which have become top targets for Ransomware Attacks. But theres never been a reported Ransomware Attack on a chromebook. Which is why thousands of schools like the fairfieldsuisun Unified School District switched to google tools for education. 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Even a term policy. For cash, or a combination of cash and coverage, with no future premiums. Someone needs to tell them, that theyre sitting on a goldmine, and you have no idea hey, guys youre sitting on a goldmine come on, guys do you hear that . I dont hear anything anymore. Find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Liz look at that, the dow has just added a whole bunch of points to gains here, were now up 167 points for the blue chips. 9 chatgpt is about to get even smart orer. Openai says the chat bot will now be able to browse the internet on its own. This is a new feature thats going to be called browse with bing. Its a big deal because before the model, before this new one, chatgpt was trained on a system with data that sended back in september 2021. This new update gives it realtime, fresh day data breaking at this sr. Moment, so its become a critical part of hewlettpackard enterprises business. Its a. I. Unit saw its largest order book ever last quarter, and now the company is realigning its operational structure to take advantage of all that demand for cloud and a. I. With a new unit called hybrid cloud business. Joining me now in a fox business exclusive, hpe ceo antonio neri, tell me exactly how this realignment will work, and how does it capitalize on what aa peers to be currently insatiable demand for all things cloud a. I. Related . Well, good afternoon, liz. Thanks for having me. Its always a pleasure to talk to you. So we are living in an Inflection Point which is obviously going to change the way we live and work, and you talk about a. I. Hewlettpackard enterprise has been at the forefront of the innovation that shifts traditional cloud architectures, what we call a. I. Ark tech cantures. And you just said it in your commentary, we that had had that amazing quarter where we saw the recordbreaking demand for our a. I. Solutions. And so this realignment allows us to go further and faster where were bringing all the technologies and the engineering capabilities to accelerate that Inflection Point by delivering simple to consume a. I. Services. So we are very excited about the opportunity. We already see the traction in the market, and very excited about what we can do in 2024 to accelerate for our customers. Liz okay. Let me get to the simple to consume offerings that this has. Can you describe what your a. I. In the cloud is going to enable your customers to do . Yeah. Lets define a. I. A little bit, liz, because we think about in three aspects of the life cycle. There is the training side, the tuning side and influence side. You talk a little bit, in your commentary early on, about openai, that they are doing to train this model with this fresh amount of data, large amount of data. Were talking about now trillions of parameters, right in in and that is to make this very, very accurate and reliable too. And when you think about that, its verticallization of the use cases. Think about if you are how you implement robots or bots of sorts to improve the productivity of the employees. But we really like the other aspect of this which is to advance business outcome from if models like, for example, molecule darkening used ebbs tensively to find can extensively to find cure for diseases. And well find answers in ways we have not imagined before. Or, for example, accelerate the research, right . So whether its a very complicated science, and when we think about how weather is done today, it is more in the physical level. You read the radar, you know, screens and then you do some forecasting on that. Now we can do some Predictive Analytics based on past history together with the physical models. Or, for example, another great example is the simulation in modeling and designing the next, most efficient airplanes. And that requires a lot more than simulation and a lot of data. So hps at the forefront of making this model efficient. Liz it cuts down on that hand to pencil to mind to paper work where youre actually aggregating the data and trying to come up with the answers to all of the issues that you just came up with which seems to me absolutely brilliant. When you look ahead at all of this, youve got a record book already. Something tells me at least in the short term thats only going to snowball to even bigger orders. How do you keep ahead of that and enable your team to reach those orders . Because sometimes when you cant make the customer happy by filling their order, you lose that customer. Well, i think customer understand that the demand outpace the supp