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. T