Ashley thank you very much, charles payne. Great stuff as always. Hi, everyone, im Ashley Webster in for liz claman. The dow is off 179 points and back blow that, i guess, psychological mark of 40,000. It breeched it in the final moments of trading friday but pulling back today. The s p 500 and back below 500 and so far so good and s p 500 will be a squeaker and needs five points for the 24th record finish of the year and tups 5. 87. Could be interesting. Reports from lowes target, tjx and big key events on wednesday, nvidia earning ands, yes, the fed minutes. Vice chair Phillip Jefferson saying cautiously optimistic about inflation fight but its still too early to tell if the slow down of inflation is long lasting. Very noncommittal. Itll take awhile to be confident on inflation. Take a look, 2year yield hit ago oneweek high in the session today. Two year at 4 hadnt 48 and 10 year up slightly at 4. 44 . By the way, the 10 year holding above that 4. 4 ever so slightly for the second day in a row. Meanwhile chip related stocks leading gains on s p 500 and nasdaq ahead of nvidia report on wednesday. Nvidia for its part take a look at what its doing right now. I mean, the question is can the stock live up to its hype . Up 2. 75 at 950 so lets ask some people with answers on this. Straight to the floor show and the great scotts are here. Thomas hh partner coceo Scott Spurling and scott bower. Scotts, great to have you here. Scott spurling, you say inflation will be stickier than expected and you below that the fed not fully in control. Do we have higher for longer . I think we will have higher for longer, but and as a prior guest said, theyre not that high over relative periods of time. The markets have to adjust to the levels and key drivers of inflation, particularly Wage Inflation and cost of transtransitions and transportan around the world and energy side in the amount of compute power that we need looking at ways from a social Economic Perspective to make sure people have living wages and all suggests that base level inflation is stickier than the level where the numbers are coming out than dropping back down towards that 2 number. Thats not a horrible one. But one we need to reflect on for evaluation perspective. Ashley very good point. Sorry to interrupt. Scott bower, you were amazed that the markets were so accepting, i guess, of the higher for longer rates, but given what scott specialing just said, how long does that mean is not going to last without a rate cut . I dont think its going to last forever and the time line is getting shorter seconds to play h st if we start approachig that 5 and again, seems like just yesterday we were up there, i think that could be a really big problem. To me, with all the fed heads speaking this week and all giving the same, higher for longer and were not there yet, i wonder if powell boxed himself into a corner and hear a bit about that on wednesday with fomc minutes not seeing rates going higher this year. Theyve not been so accurate. Ill be sensitive, theyve not been so accurate with the predictions over the last 6, 9, 12 months or so and every turn when powell has come out and really made a stand, the market is kind of gone against him or the move in rates has gone against him. Ashley fascinating stuff. Were already out of time. You guys covered a lot of ground with your answers. Scott sperling and scott bow bower bauer, appreciate your time. Were following developments around the deadly Helicopter Crash that killed iranian president ibram ragaini ham raisi and the foreign minister and bodies of six other passengers and crew were found early this morning after an overnight search in thick fog and rainy conditions. Iran state media have shown images of the helicopter that slammed into the mountainside in irans northwest. Raisi returning from a official visit to the countrys border with azerbaijan and theyve released a statement offering condolences but said its approach to diplomacy in iran and the middle east remained unchanged. The crash, of course, happening just a month after iran launched its own attack on israel and fanning the flames of the israel hamas war. Fox news Jillian Turner at state department now with all the very latest. Jillian, good afternoon. Reporter hi, ashley. President raisi was the no. 2 governing official inside iran but according to u. S. Officials, it looks like his death is not going to change much, if anything, when it comes to irans relationship with the united states. Take a listen. Regarding the death of irans president in the very unfortunate Helicopter Crash, we continue to monitor the situation, but we dont have any insights into the cause of the accident at this point. I dont necessarily see any broader Regional Security impacts at this point in time. Reporter the state Department Said raisi will be remembered primarily for cruelty. He was a brutal participant in the repression of the iranian people for nearly four decades, some of the worst human rights abuses occurred during his tenure as president , especially the human rights abuses against the women and girls of iran. Reporter yet the state department offered emergency assistance. We told them wed offer assistance like wed do for any request by a Foreign Government in this sort of situation. Reporter the u. S. Representative at un today stood to honor raisi honoring criticism online and pointed questions here in washington from reporters. The Biden Administration communicate withs iran through switzerland and also at the un where theres no change to irans representation or role. Irans regime is also now, ashley, in the myrrhed of a his torr midst of historic up surge in executions and 853 last year including many women and teens and Officials Say they dont expect any difference no matter who is elected to replace raisi. Ashley Jillian Turner at state department. Thank you very much. Appreciate that. Commencement ceremonies held across the country this past weekend and students wrap up school and head home, a Company CalledStorage Scholars is taking care of belongings for a fee of course. Coming up, founders and College Buddies behind the startup that got shark tanks mark c cuban to pitch 250,000 for the business think started in the dorm room. Liz claman, another fox business stars bringing biweekly podcast to get you caught up on all the latest developments in the financial world and what it all means for your wallet that drops every monday and fry and go to foxbusinesspodcast. Com, apple, spotify, or wherever you download your favorite podcast to give it a listen. The claman countdown is coming right back. Nice to meet ya. My name is david. Ive been a pharmacist for 44 years. When i have customers come in and ask for something for memory, i recommend prevagen. Number one, because its safe and effective. Does not require a prescription. And ive been taking it quite a while myself and i know it works. And i love it when the customers come back in and tell me, david, that really works so good for me. Makes my day. Prevagen. At stores everywhere without a prescription. ella fashion moves fast. jen so we partner with verizon to take our operations to the next level. marquis with a custom private 5g network. ella we get more control of production, efficiencies, and greater agility. jen thats enterprise intelligence. vo its your vision, its your verizon. I was only 23 when i was first diagnosed with nonmelanoma skin cancer. 40 years later, ive had almost 20 mohs surgeries. I had just accepted that the pain and the scars were going to be part of my life. But when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. If you, like millions of others, are affected by skin cancer. Its important to know that surgery isnt the only option. Theres another choice. Gentlecure. It sounded like everything i had been looking for. Gentlecure uses low energy xrays to kill skin cancer cells with a 99 cure rate. Plus, theres no cutting, no surgical scarring and no downtime. Im so glad i did it. It was successful in every way. To learn more, call today or go to gentlecure. Com inside every splenda product is a mission. To help people live happier healthier and longer lives by making it easier to cut out sugar. From our factory to our stevia farm, splendas team of over 2000 individuals are dedicated to helping people live their best lives. Taking pride that everyday millions say i use splenda. and now sweeten drinks wherever you are with splenda zerocalorie liquid sweeteners. Try all three. Available in the baking aisle. Ashley going attend a u. S. University is the most expensive its been in 12 years and the federal student Loan Interest rate for 2024 25 Academic Year will be 6. 53 and up from 5. 5 for this year. Its the highest for the fall of 2012 and borrowing with costs soaring and debt rising and graduating with hefty loans is a big source of inanity for American Students anxiety for American Students but from anxiety can come in ingenuity ad two students decided to make cash and charging classmates to pack up their belonging ands store in between school years. Their side hustle generated about 18,000 in revenue that year. Seven years later and thanks in part to shark tank appearance and banging by mark cuban its ballooned to 150 campuses and generating 7 million in revenue so far in 2024. Great story. Joining me now in a fox business exclusive are Storage Scholars cofounders, coo matt and ceo sam. Matt and sam, i love stories like this. Congratulations. Matt, explain the Business Model and why you think its so successful compared to traditional moving and storage companies. Yeah, what we offer is a bundle thats very, very nearby and catered towards niche and catered towards College Students and have them lock items in the room and partner with the schools and leave at their convenience and well move everything and store for them and well have it ready and waiting in their new room when they come back and catered to their needs specifically and having all those bundled together works well for students. Ashley in f im correct, sam, you got a lot of offers on shark tank but picked mark. Why him . He has incoming daughter thats a freshman at vanderbilt and knew it was a very relevant thing for him as a parent and customer and huge advocate for student debt. It was kind of the reason why this business was started by matt and i because we figured hed be the most equip to be on the same page running in with us and for the years to come. Ashley sam, on more than 150 campuses now, which ask remarkable. What are your plans for expansion and growth in the next five to ten year s . Where do you go from here . Yeah, weve been very core product focused with the summer storage offering and launching in the ship to school and targeting income freshman and ship us packages over the summer and store them and have them ready and waiting for freshman dorm room bed on campus for the first time and making incredible First Impression when they come to campus. Well continue the summer storage and add on ship to school and other offerings to different colleges in the maybe beyond. Ashley matt, what advice would you give to other budding entrepreneurs in college and what have you learned along the way that stands out . Yeah, i think that for most students that are attending an american university, especially a four year one, the bias is towards not enough action. A lot of people are scared to make that first move and theyre scared to look silly, especially after all the years youve put into school and we would just encourage to get going and dont be afraid to fail. X find a peer group willing to get started and do it with you. Youll all look stupid in the beginning and time will tell and itll work out. Ashley were you both business major s . I switched my nay jordy a couple times and ended up being a Business Enterprise and pretty relevant. Matt was a different story. I was a retrocochlear med through most of school and joined sam premed through most of school and joined sam and switched my level along the way and decided business was for me. He ped to move boxes fulltime. Ashley youre making a very good living out of it. Congratulations to you both. It is very inspirational and wish you continued success. Check back in with you down the road and how much bigger and greater you become. Sam and matt, gentlemen, thank you both. Thank you. Ashley in austin, texas, thank you. By the way, investors are rejoicing over dow 40k even though thou though its pulled back and it could be more bright for 12,000 baby boomers hitting retirement age every day and one market prognosticator is right and heading for 60,000 sooner than we thought. How should you adjust your Retirement Funds . Find out coming up next. Ticker glv up over 22 for gold in the last six months. Thats golden. The claman countdown is coming right back. In any business, you ride the line between numbers and people. Whats right for the business and whats best for everyone who depends on it. Solving todays challenges while creating future opportunities. It takes balance. Cla cpas, consultants, and wealth advisors. Well get you there. psst psst ahhh with flonase, allergies dont have to be scary. Spraying flonase daily gives you long lasting nondrowsy relief. Flonase all good. Also, try our allergy headache and nighttime pills. Clems not a morning person. Or a. People person. But he is an i can solve this in 4 different ways person. You need clem. Clem needs benefits. Work with principal so we can help you with a plan thats right for him. You know what im saying . Let our expertise round out yours. I was only 23 when i was first diagnosed with nonmelanoma skin cancer. 40 years later, ive had almost 20 mohs surgeries. I had just accepted that the pain and the scars were going to be part of my life. But when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. If you, like millions of others, are affected by skin cancer. Its important to know that surgery isnt the only option. Theres another choice. Gentlecure. It sounded like everything i had been looking for. Gentlecure uses low energy xrays to kill skin cancer cells with a 99 cure rate. Plus, theres no cutting, no surgical scarring and no downtime. Im so glad i did it. It was successful in every way. To learn more, call today or go to gentlecure. Com i got the cabin for three days. Its gonna be sweet what . Im 12 hours short. Have a fun weekend. Unnecessary action hero unnecessary. Was that necessary . No. Neither is a blown weekend. With paycom, employees do their own payroll so you can fix problems before they become problems. Hmm get paycom and make the unnecessary, unnecessary. See you down the line. Hi, im ben and ive lost 60 pounds on golo. guitar music ive struggled with weight my whole life. Im sure youre like me and youve tried diet after diet. If you want to stop the insanity, try golo. Ashley the dow is on track for 50 rise to 60,000 by 20340 and s p rising to 8,000 and would represent a 7 compound annual growth rate. What does that mean for your 401 k . Id say its pretty good news. Empower is the nations second largest retirement provider with 1. 5 trillion in assets for 18. 5 million individuals. Joining me is the president and ceo of empower ed murphy. Ed, 60,000 on the dow for all those people the most important thing is we get people to save and in total as about 35 trillion in asset ifs you include public pensions, private pensions and iras. Were off to a good start but theres more to do for sure. Ashley theres many that dont have the options and work for Small Businesses that dont offer 401 k s and whats the best advice to give them . Well, theres two components and one is youve got about 20 million americans working for businesses today that dont that arent enrolled in the plan but they have access. We need to get those individuals enrolled through automatic enrollment. Additionally 33 million Small Businesses in the country and roughly 40 million americans that work for Small Businesses and dont have access to workplace savings. So whats important is will go a lot of good work being done through the legislative and private sector to make that happen. Ashley so many thousands of people turning 65 right now and calling it the silver tsunami and Alarming Number of folks to be honest have no savings at all. Is it too late for them . What can they do . Well, one thing we encourage is people need to start saving at early ages and too often general x and millennials are not saving even with access to plplans and for someone making 40,000 a year and access to workplace savings about 95 of them are savings through payroll deduction. If you take that same cohort and the key is start very early. Were very focused on that at empower. Ashley ed, so many people certainly maybe not the upper echelons and workers work paycheck to paycheck and sewing them how to put money aside. What advice do you give those people . Everyone should have a plan and organizations like us and others have advice and guidance and help people from a budgets standpoint and its really important particularly in the Workplace Environment and many Small Businesses are matching the contributions that you find a way to pay yourself first. Take advantage of that match and acknowledge that the challenge youve raised with inflation running the way it has been and expensions theres no question about that. Ashley yeah, just a lit and will forget the expensive Starbucks Coffee in the morning and meals. All adds up for sure. Ed, thank you for joining us today and sharing your expertise on retirement. Really appreciate it. My pleasure, thank you. Ashley fox business alert for you, electronic parts maker announcing their ceo ken wilson will be leaving the company immediately and replaced by cfo michael dastor and comes followin