Day but the news continues and we are on it. We begin with a potential megadeal in the Financial Sector the wall street journal says capital one is buying discover financial this would merge two of the largest kind of Car Companies in the country and could be announced as soon tomorrow. The takeover is expected to value discover at a premium to the 28 billiondollar market value, here are the takers to watch dfs for discover nco after capital one which is the ninth largest bank in a major credit card. Will watch this the level on the s p 500 Goldman Sachs again lifting the yearend target 25200 and back on friday, the s p closed at 5005 so goldman sees a 4 rise from where we are right now. Its as big tech will have to continue to do the heavy lifting but we asked could and should the magnificent seven continue to have an outside impact on the broader markets. Deutsche bank noting the combined market cap it of the seven companies would be equal to the Stock Exchange in the entire world, this raised concerns about overconc overconcentration, drawling in comparison to 201,929, we all know what happened in those years. While magnificent seven number and video reports on wednesday, look at this she are up 50 , that is this year, but they have more than tripled in the past year, we will also get reports tomorrow from walmart, home depot and palo alto, look at the calendar at the imager not later in the week, lets get to the floor show Kenny Polcari and Scott Shellady joining me now, good to see you guys. Lauren everyone we know and myself says i wish i bought nvidia back with or amd, how much exposer should investor have the a. I. When these companies have become so expensive. You have to have some exposure lets not kid ourselves, it is the future, the exposure is going to depend on who you are and where you are in the lifecycle, if you were 20 you will have much more exposure to a. I. Dennis 6yearold because of where you are in the lifecycle. That question is a legitimate question but there is a lot that you have to take into account when you answer, nobody should be completely head over heels into a. I. , you have some diversification but certainly younger people that have more time on their side would be more exposed or should be more exposed. Lauren nvidia when they report on wednesday, if they dont expectations is that going to be a gut punch for so many investors who are seeing this tripling of the share price in the past 52 weeks. Im to be very careful and leery of stocks that dominate parties they go to over the weekend and this weekend everywhere i been Everyone Wants to talk about a. I. , the magnificent seven, and video specifically. If their numbers are not fantastic i still think theres an opportunity youll be able to buy a pullback i just have a personal problem buying something up three times where it was a year ago that is hard for me so i wanted to come back before i chase it but it smells a lot and feels like what you just mentioned maybe the year 2000, heres a different side i think the s p was trading 60 times back then and now the stocks are trading around 23 times. And also by the way they are making money, the. Com bubble stocks were making any money back then, however, that does not mean you shouldnt hearing this from your grandma and right into nvidia i would be more patient and thats how i would play it. I would say nobody should be surprised. I fully expect when they come out on thursday or wednesday whenever they report i suspect the stock will back off, they have taken a right to the top. Weve seen this in the other tech names they come in report and beat on all the numbers and offer great guidance in the trader types, they lock in the profit and take their money off the table, you just set it up 50 this year and were only eight weeks or nine weeks into the year, it is crazy to think. Lauren just to put a bow on the nvidia story i want to talk to you about a couple other things there revenue is expected and i giggle because its expected 237 of over 20 billion they keep rising by the hundreds of percent, it is crazy. What happens if it rises 235 , the good be disappointed in the going to sell the stock thats ridiculous it is. Lauren scott to you, Goldman Sachs comes out in the second time the reason the estimate on where that is only 500 closes in there now at 5200 does not seem realistic to you or you think its going up even more. I think this could be a heavy lifting done the magnificent seven those things are going to elevate and you have to remember the one big thing we cannot keep looking at the academy and think the stock market is going to do that we dumped 2. 7 trillion in economy and it still find it his way to the stock market regardless of the health of the economy, right now the path of least resistance is higher although i dont think it should be going higher that i would see a five or 10 correction between now and the end of the year but that doesnt mean you could be up 4 from where we are right now at the end of the year i think to be a bumpy ride and i would be very careful as you can see with bidenomics those are not doing well because the bottom half of this economy if you dont own stocks if you dont own real estate in living monthtomonth paycheck to paycheck you are getting killed with a bifurcated economy in a think things will be difficult but at the end of the year we see another 5 from where we are now, i really do think you will get opportunity between now and then, absolutely. Lauren be quick on this but i sense the caution and i hear the caution and i feel the caution walmart reports tomorrow are they in a sweet spot for the type of economy that were in they basically own the food store or are you worried about the consumer at all levels pulling back . Real quick the last number for retail sales dunk a lot of folks are only looking at that think you were going to have to cut rates walmart is wellpositioned if you listen to the cfo hes noticing people are not buying the clothing in the electronics theyre going down to food and they dont have a big margin on the food. Theyre even worried about letting themselves go forward. I think there in the sweet spot but the sweet spot doesnt mean its going to be that sweet. Lauren Deutsche Bank says rate cut you how to open yourself up to the possibility that there could be 0 Interest Rate cuts this year by the Federal Reserve and would you agree with Deutsche Bank . Im absolutely in that camp i dont see why there would be rate cuts economy is strong unemployment at store close job market is strong, wages are rising where we circling the drain that would force the fed to say we need to cut rates to save this economy its not evidence of the biggest mistake that the fed can make right now if the data stays the same is to cut rates. I dont see it at all and i dont think youre cutting in march or may they start to say june putting us in the window of the sixmonth president ial election when they should not do anything it would be difficult for the fed to convince us that they suddenly need to cut rates in june when all the data points to the opposite. Lauren i matt Hunter Mountain over the weekend i spent 6 on gatorade not to mention the high cost of Everything Else and i was not the only one so it seems like the consumer is okay with it maybe just used to it or you think youre completely tapped out . I think the consumer is getting used to it i hate to say about we have the rising prices for a while the consumer is getting numb to it were still up 3. 4 inflation prices are continuing to rise, theyre not coming down there just rising at a slower pace, i hate to say it but janet yellen set it to weeks ago she does not expect prices to come down and people should not worry about that because the wages are going up it makes no difference to you which is confusing to me anyway. But one way or the other i think people are numb to it now. Lauren we all unite, everyone can unite around one theory that inflation is killing us, Kenny Polcari. Scott shellady, thank you for the time. All this week fox business is talking to the top players in the Housing Market of how to find him hidden gems were the hottest markets are and how to circumvent high Mortgage Rates and high rent prices. At next will talk to real estate dynamic duo dolly in jenny lens and what is a very hundred 55 million ruling against former President Donald Trump mean for his real estate empire and for the business of real estate in the empire state we have a live report next. Claman countdown coming right back. New sensodyne clinical white provides 2 shades whiter teeth and 24 7 sensitivity protection. I think its a great product. Its going to help a lot of patients. 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. Shopifys point of sale system helps you sell at every stage of your business. Need a fast and secure way to take payments . Weve got you covered. How about card readers that you can rely on . Yep, that too. 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That is right this is sending a chill through the new York Business community the concern being if this can happen to former President Trump if he can be targeted as some are characterizing this as what is to stop the same fate for Real Estate Developers or other industries in new york as spokesperson for the Trump Campaign shared the statement on that matter, every member of the new York Business community no matter the industry should be gravely concerned with this gross overreach in brazen attempt by the attorney general to exert limitless power were no private or public harm has been established one Major Hedge Fund manager says it sets a precedent for every Property Owner to be arbitrarily guilty and others are questioning why even stay in new york given the business climate. I would never invest in new york now and i am not the only person saying that you think any Foreign Institution or any private equity firm or pension fund would touch new york . No that is why new yorkers should be concerned. The path forward may be bumpy for the former president himself he will have to put a 450 million if he pays the fine that would include interest even if he appeals it would go into escrow where he would have to post a bond the big question how we will cobble together the sum he could sell new York Real Estate assets but that could be premature if he wins the appeal, he also may not have enough on hand cash to reach the sum what makes it trickier, the moratorium on financing efforts, he cannot get a loan under the ruling from the chartered institutions for three years which means he cannot borrow from anywhere except smaller institutions were his friends. The appeal comes next, definitely not a smooth path for the president ahead. Lauren as we wait to see how this ruling affects his ruling assets the promise of spring is starting to heat up in the Real Estate Market across the country. Look at this the median price of a home last month 409,000 that is up 3. 3 from last year according to realtor. Com but that is nothing prices are much more than that in these cities, syracuse new york law home price listing jump 18 , new york city prices rising 17 , i thought people were moving out, lets bring in experts dolly and jenny lenz one of the top real estate brokerages in new york city they join me on the fox business exclusive, welcome, who is buying new york City Real Estate right now . Is very interesting regarding the trump situation we are seeing a lot of Foreign Investment again japanese and Chinese National specifically they are buying bigticket headline homes in their buying lots of other homes in looking to get more homes. Big Foreign Investment back in new york city they like a little dip in their coming in strong. I was reading an asian investors spent 60 million on a new york city apartment. We will see more and more of that as the Spring Season unfolds were pretty excited about it. Definitely excited but are you concerned that foreign buyers keep coming in from china even if you look at florida thats where you see latin americans, europeans and even canadians with a lot of money buying up manchin. I think it is a good thing it helps our economy we have manchin taxes and a lot of things were we collect money directly on every sale, we are delighted except brokerage commission. Residential real estate makes up 5 of gdp alone thats a big deal when you see this happening its exciting for us and 2023 was the worst year on record in 30 years for home sales we were at 4. 09 Million Units which was a million fewer in the year prior and a million fewer than that were excited to see transactions and hoping the fed cuts Interest Rates which they have not done yet towards the end of the year which will make a lot of wouldbe buyers on the sidelines common and transact. Lauren do you think that will really help supply. How so, can you define it . It will help supply because people immediately when we see a little down ticket interestrate people jump to open houses and call us about a home just a tiny little drop. If we see a substantial drop below seven or and people really buying, that is always a problem that will increase pricing demand always increases pricing. People are in a conundrum do i jump it at a high rate or a jump in later with a high price. Were suggesting to a lot of buyers if you can, by now because you can always refinance later but fewer buyers in the market now to compete with. That means setting up good habits. Lauren thats a really good point, rates feel prohibitive and are for a lot of potential buyers but if rates come down as expected you could refinance. Exactly. There are fewer buyers in the market as i said so maybe you can get an okay deal on a price and refinance later. Do your homework and get ready to buy. Lauren what about seller concessions what can we expect and what are the questions to ask if your potential buyer you like a home and about to pounce but maybe want a little bit more. In the new construction arena we seen Mortgage Rate buydowns we have seen discounts at close were flexible closing terms or any monetary incentive for the buyers to buy new Construction Homes obviously its harder for the average jane to do those things but you can ask for a lot of concessions, upgrades and we even see whatever sellers giving the Mortgage Rate buydowns. She went to a bank and said i want to offer any buyer Mortgage Rate buydowns i want to mimic what new homes are doing and she made a deal with the bank and its great to open the floodgates as well on the particular home. Were also seen seller financing. Were talking about a generation that does not need the money theyre selling their home they can afford to get financing for a couple of years while we see the Interest Rates go down and theres a lot of that going on right now so there are many ways to increase your chances of being able to afford the home. Lauren where you see Mortgage Rates at the end of the year, i know you crossed your fingers and said hopefully under 6 but is that where you actually see them. No i dont but im hoping we at least approach that number because its a huge difference that opens up the floodgates which is bad news because inflation goes up. It is always really teetering between all these things they have to hold an account. As many stakeholders is not just homebuyers. Lauren final question, how hot is florida right now particularly naples . Were in florida right now and its so hot a little better price concession because naples is a seasonal area so people want to sell now versus weight over the summer when you have a lot of buyers going up north but naples is very, very hot all of florida and tax states texas is becoming a new Financial Hub and i read j. P. Morgan has more employees in texas the new york which is pretty crazy but florida is still hot and people like the low taxes and low crime and its always sunny. Lauren now the high prices, there are more than 180 homes in naples listed above 10 million. Unprecedented. Very interesting how that pans out but i think in general it is here to stay. Lauren dolly lenz, jenny lenz. Thank you so much. Fox business will 0 in all week long in the series hitting Home Rebuilding the dream we will examine all the issues homebuyers are faci