A bit late in the session. Im a ashley in for liz today. Major averages Holding Onto Gains and dow s p 500 and hitting intraday the dow hit ago key milestone and crossing 40,000 for the First Time Ever during todays session. Get out the hots and rise for 30,000 to 40,000 took 873 trading days to be exact. On the 4 of 2020. What starts have driven that 10,000 point gain. Dolled man zacks and 150 pointblank layupses to the dow and followed closely behind for microsoft, United Health and caterpillar. Posting top and bottom line beat and walmarts online sales rocketed higher by 22 . Impressive. Helped by households earning more than 100 per year. Also for the first time, the retailer saw its Delivery Business surpass store pickup in terms of volume. Value mart now expects to hit the high end or top its previous four year guidance and investors loving that news. Walmart also of course considered a bell weather of the economy. What is the retail giant telling us. Walmart analyst and ivan fineseth cio with Tiger Financial partners and gene goldman. Gentlemen, thank you both for being here. Ivan, let me begin with you. I guess, what is this saying if walmart is doing well, even with those wealthier shoppers, good for walmart, but is that not a good sign for the economy . Its a good sign for the economy that they are and able to attract a higher Income Customer because everybody like as bargain and value, and especially that walmart excels in selling stapled goods. Ashley is the john coupler feeling the pinch . Yes and thanks for having me on your show. Of course i think the key players and were not headed for recession because areas in recession today and housing and manufacturing are bouncing back and Credit Card Debt at trillions and its rising at a decade high and Student Loans and taxes and high Interest Rates and average slowing down. Its worsening ashley its back to around october 2022 and the big question, where do we go from here . Still room to run . Yeah, i think the market has way more to go. First of all new highs beget new highs and new highs in all three indexes, dow s p 500 and theres cash on the sidelines feeding into the market and its its missed out and 45 getting money markets or t bills. The big driver continues to be Earnings Growth and revenue growth. We just get out of good results out of q4 of last year and good results so far out of q4 of this year and average earnings of s p 1500 is 5. 4 for First Quarter up from 3. 2 expected. Full year is expected to be better than 11 . And earnings drives the stock market. Revenue growth and Earnings Growth drive the stock market and what drives the economy is still jobs, jobs, jobs and the employment picture and the overall wage picture remain strong. Lets take a step back in terms of seeing the market ask agreeing with the october 27 correction low of last year and valuations are high and certainty on fed action and consumer is under pressure and we expect the pullback and should be short lived and no recession in the next 12 months and fed will cut rates later this year. Earnings growth looks pretty good. You tie in what does it mean to the market and means a widening market breath. Other Asset Classes that in sectors that are undervalue and underfollowed and goes to us and small cap and value and within those sectors, industrials and think about this. Agriculture, defense spending and healthcare and defensive growth sector and financials, financials as yields start to pull back between vision later this year, its a boom for financials and theyve been pricing in the worst Case Scenario and thats great for financials. Ashley we need a bit of correction, 510 and cant go on for a shock. What say you . We had a little over 5 correction in the s p about 8 in the nasdaq. Covered strongly and first of all, the sideline cash and the biden dip reaction to any pullbabacks and the wanting to give in on the Market Recovery with pullbacks and that is right short and shop. Ashley so much to talk about and not enough time as always. Gene and ivan. Thank you, gentlemen, both for chatting with us today. Really appreciate it. We have breaking news from the front lines in the war in ukraine president zelensky traveling to car sense of aloha and going to russia north and east of the city and ukrainian president according to to president extremely difficult and disturbing article in the wall street journal today reveals russia launched a research spacecraft for antisatellite weapon that could carry a nuclear device. U. S. Officials telling the journal that the weapon that was launched in 2022 does have the ability to wipe out American Government satellites as well as spacexs star link network, which has proven as we know critical for ukraines war effort. Meantime, this is going on and vladamir putin visiting beijing and presenting a united front and highlighting the partnership and juul jillian turn Service Connected live from the state department this afternoon with all the latest developments. Jillian. Reporter hi, ashley. The state department dippinged china in the briefing dinged china in the briefing for cozying up to russia and theyre sorely mistaking if they think they can fuel the bloodshed and still remain friends with the west. Take a listen. People of china can no have its cake and eat it too. You cant have it both ways. You cant want to have good further stronger deepened relationships with europe in other countries and continuing to fuel the biggest threat for European Security for a long time. Reporter putin in beijing to visit xi for the highlighting the no limits partnerships theyre scheming together. China and russia are not going to stop each other and theyre going to continue their attacks in the west. Reporter beijing is the First International trypsins winning the reelection and hell do anything for xi including negotiate an end to war in ukraine. The white house is also accusing chinas private sector now. Companies are contributing to putins bloodshed. Weve been always pretty consist, but i want to make one point clear and we find it unacceptable that the Chinese Companies are helping putin wage this war against ukraine. Reporter the two leaders wrapped up day one of the summit in beijing and putin plans to talk about the war in ukraine and theyll spend all day again tomorrow. Well have that for you as well. Ashley. Ashley im sure you will. Jillian, appreciate that. The Dow Jones Industrial average hitting 40,000 points for the very first time any games of the dow s p 500 and nasdaq with a record close and dow component walmart hit ago record high after reporting strong earnings. For the First Quarter. All right, the 2024 nfl schedule is out and football fans may have to pony up a pretty penny as more streaming outlets get a piece of the broadcast and super ball champion with the Baltimore Ravens are here to talk football schedules and the leagues new revenue stream. There he s look forward to talking to him and nfl broadcast and streaming partners and disney fox and netflix, paramount a bit of mixed bag. Comcast, walt disney, paramount higher and the other two down. Claman countdown is coming right back. voya there are some things that work better together. Like your Workplace Benefits and retirement savings. Voya provides tools that help you make the right investment and benefit choices. So you can reach todays financial goals and look forward to a more confident future. Voya, well planned, well invested, well protected. So, what are you thinking . Im thinking. speaking to self about our honeymoon. What about africa . Safari . Hot air balloon ride . Swim with elephants . Wait, can we afford a safari . Great question. Like everything, it takes a little planning. Or, put the money towards a downpayment. On a ranch. In montana. With horses lets take a look at those scenarios. J. P. Morgan Wealth Management has advisors in chase branches and tools, like wealth plan to keep you on track. When youre planning for it all. The answer is j. P. Morgan Wealth Management. What took you so long . Im sorry, there was a long line at the thai place. You get the sauce i like . Of course youre the man i wish. The future isnt scary. Not investing in it is. Nasdaq100 innovators. One etf. Before investing, carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com people couldnt see my potential. So i had to show them. Ive run this place for 20 years, but i still need to prove that im more than what you see on paper. Today im the ceo of my own company. Its the way my mind works. I have a very mechanical brain. Why are we not rethinking this . I am more. Im more than who i am on paper. Ashley the steaming partnership between disney, warner bros discovery and fox has an official name. Venue sports. Thats venu without the e on the end. Its offerings from all the three Major Companies according to the new venu ceo and its a new streamine traditional paid tv ecosystem experience an incredible collection of live sports in one place. Theres no official launch date and service on track to go live this fall in time for nfl season and nfl unveiled schedule for all 32 teams last night and big news, the two christmas games streams on netflix this year. Therell be games in brazil for the first time and have super bowl winning coach for the Baltimore Ravens, brian bilic. Its getting expensive if you want to catch all the nfl games. If you have netflix, espn , prime video, pis peacock, youtube tv, nfl sunday ticket, bunked it will all together, thats about 579. Is this starting to get expensive for your average fan to watch the games . Sure it is. Just like psls and go and go to watch them and the nfl is brilliant in terms of creating this competition for it is market. This is the last must see tv in terms of Live Entertainment and all the major networks, abc, nbc and cbs to bid against each other to get the services and now in terms of streaming services and netflix, google, disney, youve got to know its head that had way because the nfl is all about creating that competition on and off the field for the Different Services because they realize that would be a boom for them to get. Ashley absolutely. We should take note that taking the game around the world is important but then you have germany and then england and now brazil. From the point of view of a coach, thats a heck of a lot of traveling, horrendous time differences. How hard is that on the team . It is. X thats the challenge that people are conjecturing to get european teams in the nfl. I dont know how that extensive travel would factor in. They stretch it out so the jaguars play two weeks a row in london and play the vikings on the sixth and bears on the 13th and theyll be over there to mitigate that. But down to brazil and munich and three games in london and insatiable demand and i do radio shows in bonn don and its london and its an excited and knowledgeable fan base. The International Market is a big one for the nfl. Ashley even back here in the u. S. , coach, for instance the new york jets play three games in a span of 11 days. Monday night game and then theres a sunday, then the following thursday. Thats a lot of games in a short amount of time. When you mix up the schedules like this, is that hard to cope with . Thats the first thing as a coach when you first get the schedule. Youve known who youre going to play and where but just know know where youre going to play. Thats the first thing you look at. Theyre all tough and difficult schedules but whats the spacing and my bye . The jet haves that pack intoed less than two week period. When is my travel. Very importantly, who do i play after im on the road for two or three games and a sequencing of games and only have 17 games. Unlike Major League Baseball and basketball, we have so many games, each of those games carries such a premium so the spacing of is is huge. Ashley the nfl is instating a new kickoff rule aimed at keeping players safe. What do you think . Yes, they saw that a long time ago is the kickoff is the most injuryprone part of the game with a lot of bodies moving fast and moving the kick where you kickoff and the team can lead from, theyre basically trying to slow that down and impact again and one more thing to try and protect the players. Ashley i noticed youre partnering with a company about a relief pain patch. You know, in the world of football, you know all about pain. How effective is it . Its all about keeping players healthy and getting them back on the field. Its the next big step and its a movable patch and reusable and put it where you need it. Pain is nothing more than an electrical signal. This helps mitigate that signal. Put it between the pain and brain, that allows you to do the other things and movement is medicine. Its so important. So being able to move the joints and the muscles, people immediate to go to signalrelief. Com and check out the science. Its incredible. Ashley very good. Before i let you go. Anyone you like going ahead with the new season . I mean, i know the chiefs will be always tough but any dark horses . I dont know about dark horses but the great thing about this season coming up is theres a lot of teams in afc and nfl being able to contend along with the chiefs and the ravens, the bills will be there. Well see what the jets do with aaron rodgers. In the nfc theres a whole nfc h of folks. Green bay packers inserting themselves, San Francisco back in the mix and philadelphia looks to be good. Rather than just a particular team, i think the fact weve got a lot of teams that can lay claim to being potential super bowl champs will make it a very exciting season. Ashley and very competitive. Brian billick, coach, thank you for taking the time to chat with us. We really appreciate it. Okay, moving on, investors get name for undisclosed stock Berkshire Hathaway has been racking up since the second half of last year. Whats buffet been guying and one of the stocks on the s p 500 leader board. Maybe. Werecosming right back. Did i read this . Did i get eggs . Where are my keys . Memory and thinking issues keep piling up . It may be due to a buildup of amyloid plaques in the brain. Visit morethannormalaging. Com 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. Sara federico at st. Jude, we dont care who cures cancer. We just need to advance the cure. The heart of st. Jude is to take care of children with catastrophic diseases and to advance their cure rates. But we need to be able to do that for everyone. Its a bold initiative, to try and bump cure rates all around the world. But we should. It is our commitment. [music playing] so, whats the code . It says 547. 5well, thats not working. Dad, she really needs to pee. [baby crying] were gonna get in in a minute, okay . Its not opening. Well, ill call. Representative. [baby crying] speak with a person. [cs line] you are a valued customer. Representative we can go in the window. Daddy just a moment darling. Meanwhile, at a vrbo. When other Vacation Rentals leave you hanging, try one where you can reach a human in about a minute. 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. Ashley fox business alert, pop stocks are moving high after the Justice Department moved to reregulate the drug and medicinal and dea taking Public Comment on the reclassification proposal. Underarmour forecast ago surprise drop in annual sales in profit. The sportswear maker laid out a plan to restructure it is business and cut jobs in the face of weak u. S. Demand. Under armour announcing a 500 million Share Buy Back plan and stock down 1 . Chubb stock trading at record levels after Berkshire Hathaway disclosed stake of 6. 72 billion worth of shares and berkshire began buying the stock in the Third Quarter of last year and it is now among the Top Ten Holdings in its portfolio. Cisco systems at bottom of the dow after fiscal Third Quarter earning ands revenue fell from a year earlier. However cisco Beat Estimates for the julyquarter and expecting 6. 5 billion at midpoint of the outlook and stock down 2. 75 . Deere churned lower and the company said farmers are buying fewer tractors and combine harvesters because of falling crop prices. Deere expects large ag Equipment Sales to decline between 2025 this year. Thats a lot and the stock is down more than 4. 5 . Well, the hammers are swinging as new Home Construction actually picks up the pace ahead of a possible rate cut later this year. But, acceleration of building new homes not enough to make up for shortage of inventory and founder of emphasis digital risk is here to give us the 411 on struggling real estate market. By the way, starting next week, the fox business rundown makes its debut. Liz claman and other fox business stars bringing you a biweekly podcast to get you caught up on the latest in the financial world