Neil this is a fox business alert. Dow jones industrials firmly in the green. If it holds in the green, anywhere in the green it would mark the seventh straight day it has done so. That is remarkable when you consider the wall of worries, barely climbing through College Protests and unending israeli war and hush money probe but playing out as we speak on the corner of wall and broad. Perhaps the embodiment of capitalism itself. Very happy to have you. Lets get to the head of that exchange, not only saw this rally coming but the initial Public Offerings few saw coming as well. See if she still is. Very good to have you, welcome. It has been too long. Neil first off on this market and this resiliency and perseverance, in the face of all this noise and what do you make of that . This is really showing that us Capital Markets are the envy of the world, most efficient place to raise capital. If you look at the markets through the end of last week, theyve only raised more proceeds. And indian tire 2023. Ive been optimistic about the ipo markets during this period. I continue to be optimistic about the way the rest of the year is shaping up. Neil whats going on in these markets, by and large everyone is focused on magnificent seven. Im always intrigued by how you started to Love Technology and numbers, as a kid playing on a commodore 64, playing video games and i was doing the same thing, you can do better than i did. Im not jealous. I was fascinated not just at the games i was playing but the word processing capability and all the things you do with machines and interaction you are getting from a machine. Fast forward to today, all that on steroids. Reporter if you look at the Efficiency Technology has brought since i was playing with that commodore 64 made it no transparent to invest. Made it cheaper for you and i to manage our portfolios. It made the markets more interconnected. It now is adding the next layer of transparency through Artificial Intelligence like you said but importantly Artificial Intelligence is the next generation of what is a datadriven trend. All about the data. You add transparency and efficiency to marketplaces, to your life and everything you do. If you have bad data you will have unfortunate outcomes. That is what im spending my time thinking about and all of us are spending time thinking about. How do we ensure proper data, highquality data enters into the models to generate those outcomes that we are hopeful of. Neil been here, done this, kind of reminds the internet boom, more than a few survive, the internet has become a mainstay of who we are and how we see a lot of companies attaching ai to what they are, sometimes justified, other times a bit of a stretch. Does it worry you that we are getting ahead of ourselves . It doesnt really because Companies Like us, our parent company, ice, thinking about deploying get ai very specifically and use case given. Many of the ceos i talked to are taking a more thoughtful approach. In other words we all have seen where a hot trend can lead to a rush to certain behavioral changes. This one is different. A lot of us are thinking about ai in the right way. How do we protect our data . How do we add efficiency . How do we transform our operations to make our businesses more resilient, more forward thinking . Build the next great innovations. Neil sorry for jumping on that. I have no doubt that it has changed. Im wondering about all those companies you house and allow them to trade elsewhere. They cant all hit it out of the park, we concentrate on the magnificent seven but if you look at the nasdaq and etfs and others around the world to technology, they are running away with it and i am wondering if that could get long in the tooth. Valuations have improved, these Companies Make a lot of money and that could justify a lot of bump up in price. How are you on this sorting out . Our community is being very thoughtful about that one pillar, that is so critical to implementation of efficient ai and that is data. How do you protect your data . What proprietary methods can you build to ensure that your data is protected and is helping you generate the right outcomes . If i look at our community and our listing standards and average market of our companies, the Largest Companies in the world, the most thoughtful companies in the world, the average market on the nyse is around 16 times higher than other exchanges. Our companies spend a lot of time with a thoughtful approach, deploying a very thoughtful approach to implementing newer technologies. A conversation with everyone in our community. Neil i look at a lot of surveys, a lot of polls, Consumer Sentiment surveys, i pay a lot more attention, not because i dont think they were valuable to how corporate cfos feel about things because they do the hiring and might be telegraphing any problems on the road. To a man or woman it doesnt appear, they dont see it, dramatic slowdown coming, off of a blistering pace with some parts of technology. That is there sentiment for the time being, recession, bumpy ride but a good ride. Are you in agreement with that . The economy is incredibly resilient, the us is the truly greatest economy in the world, most resilient, economy that leads the way for the rest of the world. However, we still have to get to a landing. Inflation, the most recent inflation trend was a little bit higher than everyone expected and you saw the market react to that. The equity markets react and you saw fixed income markets react. When i look at volatility indicators im looking at both indicators. On the equity side of business which is very muted, great environment, the other metric im looking at is movement impacts, the treasury volatility, that is incredibly elevated. To me that means the market will fluctuate and that is okay because of the strength of our economy. Its not like we will wake up one morning and say this is over. We have to manage through it but incredibly optimistic given the way the us economy has performed in the last two years. Adam the economy itself is resilient through all this. This is a president ial election year, nothing to indicate that could change. You mentioned the volatility index, we are all a little bit too calm and happy about whats going on. More of us are worried and a Constructive Development but we are not by and large. Sentiment is concerned, the consumer has been driving the strength of the us and economy. Theres concern, because of inflation, things cost more money and there is a general frustration in the market around the market and weariness if you will. There are prices that are elevated, goods, services, whatever the case may be. I dont think that takes away from the fact that our economy has been set up to be robust. It has survived not just the most recent pandemic but economic shots, time and again it proves more resilient than it was previously. When we wake up, we have a light at the end of the tunnel. We will say our economy really showed its strength. Neil if the fed doesnt cut rates, we might see something, then what . I cant estimate what the fed will do but when i woke up january 1st, the equity markets were pricing at three rate cuts, fixed income futures were pricing in sticks, that has shifted, something that is going to shift based on the data. The data that is so critical to running the economy. We will see. The market has proven from january 1st three rate cuts priced into the equity markets, 5 or 6 in the fixed income futures markets, now to the point where we are talking about one rate cut. And equity markets still trading at alltime highs. That is still a great story for the us. Neil dont make yourself a stranger. Lynn martin, president of the stock exchange. Always good seeing you. Mark meredith, what is that . Mark is one of our best correspondents, following what the president has been talking about and addressing and that is no arms or some arms for israel. Whats the latest . Never had a commodore. I started on regular nintendo in 199091. As we shift away, sorry to bring it up, President Biden is employing the Israeli Military to be more careful when it comes to protecting civilians in gaza. If not, we will see military aid held further, generated some considerable pushback first. We will see what the president had to say on wednesday. President biden to make it clear that if they go into rafah, they havent gone into rafah yet. If they go into rafah, i am not supplying the weapons that have been used historically to deal with rafah, to deal with that problem. Reporter those comments have republicans and top israelis outraged. How Speaker Mike Johnson is urging the white house to tread carefully. A few weeks ago the speaker put considerable effort and Political Capital into Getting Congress to pass additional aid in israel. Everyone can see that this is a political decision he is making. He is terrified of the prohamas wing of the Democratic Party. Reporter whats interesting is even some democrats are criticizing the president s comments. As the leader of the free world, america cannot claim its commitment israel is ironclad and sent mixed messaging that makes a mockery of our credibility as an ally, no one will take our word seriously. The white house is under pressure to appease younger americans especially those who have been protesting on college campuses, they demand the ceasefire to save lives in gaza. Weve seen far left lawmakers who think the white house has not done enough to show support to people protesting like the one youre showing in san diego. I was at gw yesterday, the indications were the students were going to try to get their voices heard. The president s response to this pressure coming from the hill, he heads out of town later tonight. Neil congressman pat fallon of texas, the house armed services, he knows of what he speaks, good to have you. You might know a little more about what a president can or cant do than i do but i dont remember one parceling out the aid that was already committed to a country, any country, in the middle of a war in said country. Can he do it . We are in a situation where the president is going to respect the rule of law or rule by decree and President Biden has been ruling by decree. These funds have already been approved and authorized and appropriated by congress. 535 members. The president signed these bills into law and he is ignoring this. Hes putting conditions on the israelis but not on hamas. The 9 billion that was part of the package for humanitarian aid in gaza, hes not trying to hold that up until the hostages are released. I find this to be troubling because it will degrade our trust with our allies around the world. Neil barack obama did something similar with israel, it is akin to a commitment that was made, if you have a fixed price of our table in the restaurant decides not to give you the potatoes, figured you didnt need the desert and they are starting to take things away and you already prepaid for all of that or at least been promised that. That is a slippery slope, no matter how people feel either way. Thats a great analogy. Would you go back to that restaurant . You wouldnt consider it again. Thats what im concerned about. Not only is this eroding the trust between congress and the white house but also our allies and our enemies around the world are watching this and what xi is thinking about the commitment United States has to taiwan if we cant have an ironclad relationship with our closest ally in the region, being israel. Its misguided and it is part of President Bidens two state solution, how he wins michigan and pennsylvania. It is very political. Hes trying to appease the prohamas wing of the Democratic Party to get young people not to abandon him come november. Also muzzle americans incredible swing states. Lauren 20 just amazing, always good having you. Thank you for your service. Pat fallon of texas. Let it be known this is the day Stormy Danielss story has become a big fox business story because by and large you know what they are talking about . Money. Money money money after this. Why cant we be friends why cant we be friends why cant we be friends vo what does it mean to be rich . Maybe rich is less about reaching a magic number. 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. Torstein Hagen in my simple world, there are only three things that matter in human beings. First, they have to be kind. Kind. Second, they have to be honest. And third, they have to be hardworking. Its very simple. Wherever you are in the world, when you come to a different culture, you meet people of very different backgrounds, but you find out that they have the same ambitions and the same fears just like yourself. Im so sure that travel is good for the world. Its really the best to engage with the locals and the destination. And i think travel helps broaden the human mind and makes us kinder. And thats fantastically valuable. What Tractor Supply customers experience is personalized service. Made possible by tmobile for business. With tmobiles reliable 5g business internet. Employees get the information they need instantly. This is how business goes further with tmobile for business. A test or approve a medication. We didnt have to worry about any of those things thanks to the donations. And our family is forever grateful because its completely changed our lives. Trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the awardwinning trading platforms. Bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. Tailor the platforms to your unique needs with nearly endless customization. And track Market Trends with uptotheminute news and insights. Trade brilliantly with schwab. Her uncles unhappy. Im sensing an underlying issue. Its tmobile. It started when we tried to get him under a new plan. But they they unexpectedly unraveled their price lock guarantee. Which has made him, a bit. Unruly. You called yourself the uncarrier. You sing about price lock on those commercials. the price lock, the price lock. so, if you could change the price, change the name its not a lock, i know a lock. So how can we undo the damage . We could all unsubscribe and switch to xfinity. Their connection is unreal. And we could all unexperience this whole session. Okay, thats uncalled for. Adam this is the day money became the centerpiece of the Stormy Daniels testimony going on. Day 2 of the testimony in this has many trial. Money was a dominant theme of a lot of what she says and is saying now was driven by money. Might be overly simplistic, he heads for the details. What are we learning . Reporter you are not oversimplistic about that at all. They are trying to show Stormy Daniels was only interested in money. They went through a lot of stuff this morning in the crossexamination talking about details of the nondisclosure agreement with Michael Cohen on behalf of donald trump, for communicating with the fed. The former president s lawyer, slammed stormys motives during crossexamination. Challenged details of recollection, at the slippery Golf Tournament in lake tahoe in 2006, came to the Penthouse Hotel suite and then had sex, trying to pick apart that claim. Said to stormy, you made this up, stormy answered no. Her story has not changed through the years, though they tried to pick that apart. Is a picture of stormy, the attorney, in the witness room tuesday, after making the deal with Michael Cohen, that was signed 8 days before the election in 2016. She admitted she was afraid she wouldnt get the money because she thought trump would lose the president ial election. Then it veered into the paranormal, stormy admitted she can speak with the dead including her deceased relatives. He tried to portray her as unreliable and a bit crazy. Florida senator rick scott arrived with the former president and repeated the former president s claim that this is political. The lead prosecutor was the number 3 person that Biden Justice department, the judges dollars a critical operative and raises money for democrats. Youve got the lead prosecutors wife, significant donor to democrats. This is a bunch of democrats saying we want to make sure donald trump cant talk. Reporter the manhattan da says politics has nothing to do with this. The new York State Committee on judicial ethics has ruled the judges daughters work for democrats does not pose a conflict. Look behind me, this is like an ad, dont know who it is, thats are cross from President Biden, you get a feeling of what is going on in court. The defense crossexamination is over, time to redirect. Adam eric shawn at the new york Supreme Court, we got john you also as he sees it. The crossexamination, and the defense has been arguing, and it is a big moment at the end, the money part of this front and center. The prosecution is trying to restore the credibility of Stormy Daniels. And from the sound of it i dont think trumps lawyers look at could ability, its a hard thing to do. There attack on this being you make this all up, someone who takes their clothes off and has sex on tv for money, i take my clothes off and have sex on tv for money. Why what i make anything up . I show you everything i do. It is a hard job to attack the credibility of someone like that. The prosecution if they are smart might leave things alone and move on to Michael Cohen next. Neil this is a family show but that is okay, youre a busy guy and a brilliant