consumers plan to spend a lot less on toys, skin care, vehicles, vitamins, non-alcoholic beverages, though, which are essential items, right in we also learned that 8 in 10 consumers right now have been trading down. you know it because you're one of them. and then there's the last survey we got yesterday, consumer expectations. this from the new york fed. and they -- people, this is really important, folks out there expect to miss a minimum debt payment, a minimum if debt payment. so, you know, one -- once you start missing debt payment, they begin to balloon, and and all hell breaks loose sooner rather than later. you to know the last hour of trading, anything can happen. liz has got your back. liz: that is so true, anything could happen. at least at the moment, charles, you were just talking about cpi? if investors were airplane, they'd kind of be in a holding pattern, maybe descending just a bit. we have got the s&p down 20

points, the nas a dab is lower by 44 -- nasdaq -- it's almost as if they don't want to decide where to land until they see how the skies look tomorrow at a 8:30 a.m. eastern because that is when we get the key flakes data. t-minus just under 17 and a half hurs before the release of the march cpi consumer price index. this will be the freshest read on consumer inflation. that number could affect whether federal reserve chair jay powell and company stick with a restrictive policy on interest rates or lower interest rates for what would be the first time in more than two years. that holding pattern has the dow jones industrials, which yesterday kind of hung around the flatline before closing down a measly 11 points, right now down nearly 190 points. we're losing 186 at the moment. a chpg of that loss is boeing. the aerospace if giant once again on the defensive at this hour, shares moving lowerer by more than 2% after the faa says it is now investigating claims by a whistleblower that the

company dismissed safety and quality concerns. and here's kind of new part, in the production of its 787 and 777 dreamliner jets. coming up in a fox business exclusive, jilt blue founder and now-ceo of breeze airways, david neeleman. he's here to react. and as the entire airline industry the scrambles to find new jets while boeing deals with all kinds of issues that are -- that have sparked a slowdown, he's already ahead having turned to another a manufacturer, and that manufacturer's stock is up 96% over the past six months. stay tuned to find out. not everything is in a holding pattern. alphabet, the google parent hitting an all-time high earlier of $158.56. right now still the up about half a percent but pullback a bit to $155 and change. the tech giant is in the throes of its cloud computing fest in palo alto where it unveiled its

first custom a.i. chip using arm's architecture. and we really should show you amazon, the dow component was trading above its record close of $186.57, which it hit back on july 8th of 2021, but it has lost the gains at the moment, down about half a percent. and we'll continue to watch amazon. just because the overall markets look a little i have iffy, that doesn't mean if investors should stop hunting. ubs minuting director jason katz and interactive broker's chief strategist, steve sosnick. guys, the markets are sending different message, all types of investments. you could look at a gold and oil, both of them hitting very nice moves year to date, right, jason? and then you've got this tentative trading behavior with the markets ahead of whichever data point is next. how do you trade that? how do you buy that as an investor? >> it seems like every jobs number, every cpi number is the all-important number.

this one, this is going to elicit a binary reaction rah. it's the first clean print we're going to have on the year without seasonality built into it, and since wall street likes to look at numbers in threes, this is the third print, if it's hotter than expectation, not only will you say rate cuts get pushed out, the narrative of a rate hike could enter the k. the conversation. and you'll see a visceral reaction to the downside if that's the case. our base case is this is going to be a benign number, and if that's the case, i'm not sure it's going to be an asymmetric type of reaction, but i think you'll get a modest rally. liz: the core is expected to come in slightly lower both year-over-year and month over month. but, steve, the headline number which includes gasoline, you know, energy prices, that, to me, looks like it's coming in hotter -- at least the expectation is for that -- a gain of 3.4% versus the prior number, 3.2%. so you've got michelle bowman who, of course, is a fed

governor, the other day saying, hey, exactly what jason just said, we may have to tighten rates. she's suddenly now the hawk and powell's the dove? if. >> yeah, it's kind of funny, liz. powell really is almost the dove in the room because it's not just bowman, bostick said maybe 0-1, lisa cooke said something similar, neel kashkari's comments freaked the market out on thursday when he said why do we need rate cuts. so that seems to be the narrative taking hold. if you've got this need to get down to 2%, i understand maybe we want to cut rates a little -- liz: 2%, of course, is the fed's target inflation rate. we're above that now. >> yes. 3 is certainly above 2 -- [laughter] and is so, you know, if we want to get down, if we want to maybe say, okay, maybe 2.a 5, maybe 2.. 75, i understand why they want to cut a little preemptively, but right now there's nothing in there that says it. oil is becoming problem mat ig, concern problematic --

liz: crude's up 19% year to date. >> yes. liz: and, jason, gold is up 14% year to date. and, by the way, the s&p is up 8.8%. year to date. so you're look at these two outpacing, that's inflationary. so what's the raid? what do you buy? >> so i don't think you go with the school of what's worked. not to say that large cap tech isn't going to be a secular trend that you want to stay long, but you want to curtail exposure there. and i think people hiding in hedges are also looking at valuations that are stretched. so i'd look at areas like health care, industrials, infrastructure. the con e very generals of a. i. in willing, we're in the early innings. you're going to see major discovery of medicine, personalized medicine. and i think it's not only going to be a benefit to that cohort of stocks, it's going to be a great benefit for humanity as a whole. liz: what about you, steve? as you look at the opportunities out there the ahead of this number, okay, so we got 56 minutes left -- [laughter] laugh 54 minutes left to trade,

people are ready to press a button. you know, longer term where do you see that chance? >> right now the way i look at a it is i can't get as granular on sectors, you know, i'm more of a macro strategist, i can't do that specific stuff. but in the sense of saying look for stocks that have nice dividends. dividends provide you both income and a little bit of balance to your portfolio. the key thing for me to look at is, is the cash flow sufficient to cover the dividends, meaning they're not borrowing money to pay you a dividend, they generate enough cash to do that. energy stocks do that it's always tricky to get into the energy sector when it's rallying because that means inflation's on the horizon, but plenty of stocks pay a nice dividend. they might be a little boring, boring can be good after this type of run we had. it's unreasonable to think we're just going to get 10% rallies every single quarter, so if you're getting a little back and fill, that's the way to play -- liz: jason, one thing we have really seen is that this country

realizes the importance of being economically self-sufficient. we saw what happened with the supply chain depending too muchen on asia and other nations. much on asia and other nations. obviously, the chip make hers are trying to onshore, restore back here in the united states with the help of the u.s. government. you just talked about how health care is now going to be a real beneficiary of a.i., and then when you talk about what needs to be done here in the u.s., the grid. so is that industrials? is that -- the grid needs to be beefed up. i mean, to think of the energy usage a just to operate a.i., it's pretty, pretty huge. >> yeah. so, yes, it is industrials, and it's infrastructure. with respect to industrials, it's a national security issue, for crying out loud. liz: yeah. >> so it's lost on me why ceos and politicians get why we can't be beholden to our enemies for semis, but what about our food? what about our energy? so that feeds into the infrastructure play. so if you're onshoring, if

you're near-shoring, you need infrastructure and you need industrials to support that. and also the amount a of data created by a.i. is going to cause the cloud landing on earth in physical servers that need to store the stuff. so the building out of data centers. and you're seeing huge infrastructure funds go out and buy and build this stuff. so industrials, health care, infrastructure are all very investable regardless of tomorrow's outcome on cpi. liz well, yeah, and regardless of what that outcome does to the fed's trajectory. steve, identify just got to president -- i've jutte got to put it out there, will the fed give the market that loll ily pop of a rate cut this year or not? >> i kind of hi it's a carrot in front of the market -- liz: okay. well, i deal in candy and chocolate. >> yeah, that's fair. very fair. why go with with vegetables. liz: fed funds futures for june 58%, last week with it was like 67. >> i think powell can't back off his three rate cut stance

because it's easy to not do them when the time comes. it's harder to back off it and do it again. liz: he's been so clear that he does not want to have to then reverse again and start hiking if they haven't slain inflation. >> but it also doesn't mean he has a to start cutting right away either. remember, he is a bit of a political animal when it comes down to it, and i think he wants to stay the course in an election year. he can always not cut rates, but it's much harder to change his tack. so i think the tack he's on is the one he kind of has to stay on even as the rest of the supporting cast around him shifting away. liz: steve, jace, e he yet -- jace, we get to know tomorrow 8:30 a.m. ian. i like what you said, this is a huge number tomorrow. and tomorrow the final hour of trade e is going to be very interesting, so make sure you guys tune in. to recap, investors awaiting that march c pick, report tomorrow morning. google has up veiled custom arm-based chips and the faa investigating claims by a boeing

whistleblower now about a flaws in the 787 dreamliner. and that's to not all we're seeing from boeing. there is a shortage of airplanes, safety issues have slowed the boeing production line after a string of incidents involving the aerospace giant with. and now carriers are scrambling to fill the void left by the short falls. breeze airway we's founder david neeleman is here next on with where he's sourcing his airplanes. he's kind of ahead of the game. how the stock of the company that's building the planes he's buying has taken off. the global jets etf, chock full of air alines. in fact, delta's its largest holding. it's got manufacturers and travel sites on it. its has gained 21.5% over the last six months. "the claman countdown "coming right back with david neeleman. stay tuned. ♪

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liz: do distrust in boeing is continuing to grow following several more negative if headlines about the embattled planemaker. shares are falling at this moment by about 2.5% after the faa confirmed that it is probing a boeing whistleblower's quality claims on 787 and 777 jets. so it's not just the 737 planes now. "the wall street journal" reports that the boeing engineer said is, whistleblower, said that the company used short cuts to fix its 787 dreamliner jets. boeing, of course, denies this, but the ongoing crisis after crisis is having a tangible effect on boeing's business with. today boeing reported that its quarterly airplane deliveries dropped to 83 compared with 157 in the prior quarter. shares of boeing, as you see is, percentage wise when it comes to

year to date down about 2.6%. but one under the radar jet manufacturer has become a very big beneficiary of boeing's problems. 'em prayer out of brazil has gained about 40% year to date as airlines rush to fill the boeing void. david neeleman, who founded five commercial airlines including jetblue airways and most recently a azul and breeze airways, sources his jets from brazil-based 'em mbr irk r, breeze airway is the the one he's pushing now, he just announced five new city additions to its routes today. so the chaos at boeing, is it an opportunity for a smaller airline to gain market share? joining me now, breeze airways found exercise and ceo, david neeleman. great to have you, david. let me just deal with this boarchg situation at the moment. just court of -- sort of hike are when it rains it poors --

pours. the willing door that blew off and over the weekend this piece of a jet started peeling off. thankfully if or, nobody hurt. but let's talk about embraer, you have many of them in south america. how do you figure that a you're going to have enough planes when boeing is in the situation it is? >> well -- [laughter] it's a lot to the unpack there, you know? first of all, i would just like to say that i fly on boeings all the time. i love the airplanes. you know, i love the fact it's company based in america. i feel 1,000% safe on a boeing airplane. it's incredible, the 7777, the 787 have near impeccable safety records, so is i'm not worried about that. you know, they just with, they're just having a hard time right now, but they'll get through it. they'll come through it a stronger company. you know, i think the rise in embraer, talk about a good

company, it's a great airplane. like you said, we're buying a brand new e2, we have 100 on order at azul in brazil. boeing even with these, especially with these issues now where they're slowing deliveries and and airbus, these guys are backed up six years, five years. if you started an airline today and wanted a new airplane from the manufacturer, you couldn't buy one until 2028 or 2029. so embraer has the ability and a great airplane, so people are turning to them. i sit on the board of a leasing company, and we're leasing them all over the world. that's benefiting embraer just because they have capacity. they can deliver an airplane in the next 12-18 months as opposed to 5-6 years. liz: you know, month to date embr a aer is up something like 20, so clearly they're doing a lot of business. breeze, you have some embraers

there, but you also have airbecause -- airbus, and you are expanding to five more cities. these are very low prices. we can show some of them on the screen. but the five new cities that you are bringing in involve everything from lancaster, pennsylvania, to dallas/forth worth, bang or, maine, michigan and pensacola. these prices, these are starting prices, everybody, and they're one way, let's just be clear. tampa to pensacola, $49. how are you able to do this? >> well, it's a short flight, first of all -- [laughter] liz: yeah, but still. but still. >> you know, the 220 is an incredible airplane. you know, of all the plane we've ever used, this is really the newest technology that exists in the world today. it's 2000s technology. so it's very fuel efficient. you know, we have a trip cost that's a lot lore, so we can serve a bunch of markets that,

say, a spirit with 240 seats can't serve or even a jetblue with, you know, bigger airplanes. so smaller gauge airplanes. 990% of our routes -- 90 percent of our routes, we have almost 200 routes, and 90 percent of them are in markets where every we have no nonstop competition, where our ulcc, you know, guys are 80% in markets where they can get wing tip the wing tip. we started that, that's our basic fare, but we upgrade you with an extra legroom seat, first if class seats -- liz: how much, can i interrupt? how much would it cost if i'm going from lancing, michigan, t, florida, to lansing, michigan. there is an example here. and i, at $79 one way, starting october 2nd, so it'll be a couple of months, but say i want to upgrade from that price to whether that's a first class seat or at least a checked bag? if how much would that a cost

me? >> it may be, like, if you want an extra legroom set, free internet and a bag, maybe an extra $50. or maybe an extra $80 if you want to go first class. liz: okay. >> go on to our web site, we have nice, nicest and -- basic fare, nice and nicer and nice ifest, and you can see what those little jumps are. and, you know, our mps score ises are incredible because people say, well, that's fair, i can do that. i'll jump up to the next level, it's totally worth it. i'm going to impress my wife or my girlfriend, my husband -- [laughter] whatever, and, you know, i'll do that. and people are not upset about that. it's not -- it doesn't feel like nickel and and diming. liz: no, no. and what i do think is interesting is that you're looking at ap an industry right now -- an industry right now that has attempted to have some consolidation. obviously, jetblue, spirit airlines, the regulators shut that down. you are a smaller airline. have you had can conversations,

has anybody called you to acquire you or -- listen, whether you're looking at a some other airlines, i don't know. but it's a regulatory environment that is not very friendly right now. >> yeah, it's not. and it's okay, you know? with us. the big guys are pretty dang powerful, and, you know, the spirit/jetblue merger, maybe it was a good thing that didn't happen given the state of things. you know, we're trailblazing our own way. we're kind of all over the place. we just announced today that we made money for the first time in the march, month of marchment we expect to make money for this year, and that's a really the key. once you get profitable in this business and you find those markets where you can, where they're mature and, you know, you have economies of scale with your costs coming down and, you know, just getting to profitability and destroying has really been our goal, not eyeing any kind of consolidation. i don't think the justice department would allow it

anyway, so i don't spend any time thinking about that. liz: o.k. well, yeah, the justice department not really in the mood to be allowing these mergers at the moment. david, it's great to see you. five airlines. unbelievable. you're on your fifth, so congratulations and keep us posted. thank you. >> come fly us. and we've got a new credit card too, so get that. liz: oh, that's right. you do have a new credit card with barclays. those are reward points, everybody. >> yeah, there it is. you get good reward points with this thing. 10x if you buy up to 10x. so free internet too. thanks, liz. liz: listen, $50-80 upgrading to first class in i'm taking it. thanks, david. folks, six months now into israel 's war with a hamas. and into that time prime minister netanyahu again today promising to wipe out the terrorist organization that attacked his nation on october 7th. we are headed live to tel aviv for braching details on the strong words netanyahu used

today and how the u.s. government is responding. some of israel's biggest publicly-traded companies list on the nasdaq and here in the u.s. driver assistance technology company mobilewith eye, cybersecurity checkpoint software, nice system, teva pharmaceuticals. cyber or alaska software is up 80% year-over-year. we are coming right back, dow jones industrials off the lows of the session, s&p down 2. the nasdaq -- 11. the nas nasdaq down 24. ♪

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♪ liz: there's been breaking news over the past 24 hours, kind of a constant here. lots of talk about war between israel and a maas but very little of it about bringing the hostages home or ending the conflict. prime minister benjamin netanyahu of israel telling new israeli defense force recruits that, quote, no force in the world will keep israel from entering rafah in southern gaza to wipe out the remaining to two battalions of a hamas fighters. this comes one day after netanyahu said that the timing of a ground offensive in rafah has been a set. he did not give a timeful secretary of state anthony plunken saying today that the israeli government has not shared that a date with the united states but that he doesn't expect the operation is imminent. the white house saying it plans to discuss rafah in person with

its israeli counterparts in just the next couple of weeks. and then we've got this development, defense sec i tear lloyd austin making a bit of news in his testimony on capitol hill today before the senate armed services today. austin con filming that the united states has seen no evidence of israel committing genocide in its war in gaza despite claims from some members of the united nations and other anti-israel organizations. he also said that the pier, the u.s. military is building in gaza right now to deliver aid, will probably be ready by april 21st. the third weekend of this month. so they are working pretty quickly to get that done. and with so much more news from the region, let's take it live to fox news' trey yingst in tel aviv. >> reporter: liz, good afternoon. prime minister netanyahu has anticipated his troop troops will enter gaza's southernmost city of rafah. all of this comes as the region braces to see what will happen next understanding that rafah is

home to more than 1.4 million palestinian civilians that have been told to shelter there. now, it's not exactly clear when and where these civilians will be evacuated to and how long that process might take, but this is a consequential decision if it does take place for a varian a city of reasons. netanyahu says the move to destroy the remaining a hamas battalions is needed to win the war. [speaking in native tongue] >> translator: this victory requires entering rafah and eliminating thest battalions there. this will happen. there is a date. >> reporter: it's day 186 of the war between israel and hamas, the amount of aid going in to gaza is slowly increasing with more than 400 trucks entering the enclaire once again today, a record for if aid a aching it -- making it to gaza. after idf if soldiers withdrew from southern gaza over the weekend, some palestinian civilians returned to the wreckage of their homes in the hah unimis, more than 50% of

buildings damaged or destroy destroyed since october 7th. while the focus remains inside the gaza strip, determining the next steps, israeli forces are on high aa letter in the northern part of the country amid continuous attacks from hezbollah. liz? liz: thank you very much is, trey yingst. fox business alert, we need to look at the dow somewhere day, specifically. -- intraday. look at this, we appear to be coming back. in fact, the dow jones industrials down 23. we had already coming into the top the of the hour endured a more than 400-point swing. at the lows, dow was down 320 points. right now down just 32. we are watching it crowly. s&p -- closely. s&p up 1 point, the nasdaq up 27. kind of, i'm kind of bummed march madness is over was it was so much fun, but the viewership records will be remembered for years, certainly at the world's biggest gambling sites. draftkings reporting a record or

ncaa tournament with the men's championship game the most bet on game ever for the company. draftkings is up a quarter of a percent. fanduel said last night's game saw a 52% increase year-over-year in bet count. we have flutter entertainment, that's dublin-based, ireland, entertainment. it's gaining three full percentage points here. the women's games shook the earth as well and bet mgm and that gnat ifics say the women's championship game was their single biggest betting vent on women's sports thanks to south carolina's undefeated season and, of course, the heroics of iowa a phenom caitlin clark. according to nielsen, the televised final between the two peaked at 24 million viewers making it the most watched game in women's to basketball history. nice. okay. moderna, let's look at that. it's at the top of the s&p and the nasdaq 100. it's up about 5.6% at the moment after the company's

individualized cancer vaccines show benefits in an early study. the vaccine is being developed with merck. the phase one study showed a positive response in patients with a particular type of head and neck cancer. pfizer is flat to slightly lore. goldman sachs upgrading molson coors from neutral to a buy. that's good enough for about three-quarters of a percent gain on the stock. it also raised the price target from $66 to $75. right now molson's at a 67 and change. the firm says the beer company can benefit as a it expands its space on retailer shelves. is that that, like, captain obvious? well, yeah. that's -- okay. should molson coors be looking over its shoulder no matter what kind of shelf space it gets? that's because tilray's turn around and coming into focus, and it's less marijuana and more beer that has the ceo, or irwin simon, juiced. he's here next on how he's been able to remake the marijuana

business into the fifth largest craft beer company in america. it's a fox business exclusive. and let's look at the dow heat map. so we have seen the dow come well off the a lows of the session. cisco is in the top pole position, it's the opportunity on a deutsche price target hiked today. but the networking equipment company still 38% off its all-time high of $80. made back in march of 2000. it's at $49.94 right now. we're talking beer and buds with tilray's ceo when "the claman countdown" returns. stay with us. ♪ turn. do you charge forward? freeze in your tracks? (♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows.

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liz: cannabis sector looks like it's experiencing kind of a bad high right now with major cannabis companies in canada and the u.s. down anywhere from, you know, 1% down to 20%. 20% is till tilray.

tilray posted fiscal third quarter results, the company not only reported a wider loss than the analyst expectations and missed revenues, but also revealed it no longer will generate adjusted positive free cash flow for fiscal year 2024 due to a delayed timing for collecting cash on various asset sales. that said, the company is still growing one major part of its business, its global cannabis net revenue if up 3 3% annually and it beverage, alcohol net revenue jumping 165%. let's bring in chairman and ceo irwin simon. [laughter] listen, you've got a tough row to hoe here, irwin. some states have not legalized it yet here in the u.s. you're based in canada but, clearly, investors need a reason. and you would think that it would be the alcohol wiz -- business which you're trying really a hard to transition to. let's first tackle the bad stuff. what asset sales are you waiting

on for the cash? >> so, liz, hey. i think lots of great things happened, and it's just a matter of time. we're a 5-year-old business, and i like, you know, what david neeleman, and i remember him starting with jetblue, it does take time. liz: oh, yeah. >> and, you know, with regulatory out there in regards to cannabis, you know, i thought four years ago when president biden was being sworn in legalization would have happened in the u.s. but it didn't. so what i did with our team, we took a different direction. we focus on our canadian cannabis business. we're number one in canada in recreational, and we have a strong, strong medical cannabis business. number two, we diversified. now we're the fifth largest craft brewer in america. in 2020 didn't sell any beer, today we'll sell 12.5 million cases. we have one of the number one bourbon products in the u.s. and breckenridge bourbon, and we have a well withness product

called manitoba hard a vest. and europe, hey, what just happened in germany in z regards to the changes there, big, big opportunity. so we're well positioned. and, listen, we did lots of acquisitions. it takes a little longer in divesting some of the assets, it takes a little longer in regards to integration. but you look at our growth and sales, you look at our innovation, you look at what we're doing and i come back and say, you know, there's a time you look in the mirror and somebody says you don't look good, you don't feel good, but there's a lot of great things happening at tilray. liz: yeah, i agree. i absolutely agree. and you may go down as a harvard case study on how to shift while you wait for legislation to come your way. i don't want to breeze over the germany situation. germany just legalized small amounts of marijuana for adults over 18. and they're now allowed to join cannabis clubs. when do you suppose, and this is

the million dollar question, that the united states will look at the, just across the entire nation and see that we have a patchwork here and that they could be getting way more in tax revenues if they'd legalize a it across the board? i know it's left are up to individual state, but what are you hearing about the next state that may turn in your favor? >> so, you know, with that right now there's a vote going to happen in florida coming up in the november elections. but step back for a second. you know, in regards to rescheduling, i think tilray is well positioned there. if they legalize it and reschedule medical cannabis or cannabis from schedule i to schedule iii, big opportunities. it allows till the ray, who has a strong medical business in europe, a strong medical business in canada, has one of the biggest grows in the world to be able to export candies bit in the -- cannabis in the u.s. and a lot of these msos have

infrastructure in the med if call cam bit but not the -- cannabis. so there's a gig -- big, big i opportunity weight for us depending on what happened in regards to rescheduling. step back for a second. right now the canadian government is talking about a flat tax in canada, excise tack. we pay over $150 million in excise tax. so if you multiply that by 10 times, look at the tax dollars at the u.s. government is missing out there. liz: yeah. >> and i'm real excited about a germany. germany's 80 million people. in regards to the new rules in germany, in regards to every doctor can prescribe med a call ca cannabis, the opportunity -- medical cannabis, the opportunity for us is there. we have a grow facility in germany, that grow facility in portugal that can supply germany and a good part of group. liz: well, i suppose florida and that vote will continue -- we'll continue to watch for that, i e win. and in the meantime, bourbon, right? [laughter] you're going big on bourbon. >> listen, but -- also bourbon. and you just said before about

molson coors and the opportunity where they were upgraded by goldman. beer is not going away. and, you know, our job is to make beer fun, beer exciting. our young student millennials are back drinking beer there if a price standpoint, from a coolness standpoint, and beer will become a big part of our business, and the opportunity's out there. and, listen, infused cannabis drinks, other big opportunity. liz: yes. >> tilray is circling the hoop there. tilray is circling the hoop. it just takes sometimes a little longer to put some of those baskets in the hoop. liz: yeah. for the moment though you feed a caitlin clark. the stock's down 21 today but, irwin, i hear you, i'm watching. and who turns one company into the fifth largest beer company in the u.s. in just five years? that is impress if we've. please come back. -- impressive. please come back. >> thank you. thank you very much. liz: irwin simon, ceo of tilray. how are private equity firms

planning to woo paramount's common shareholders who are a little hesitant at them getting into the company? charlie's breaking that plan next. stay tuned. the dow down about 109 points. ♪

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♪. larry: well, any given day paramount is moving all over the map. today it is actually down just half a percent at the moment. at this hour would-be buyers private equity firm skydance and redbird apparently plan an all-out effort to win over common shareholders on their deal to buy national amusements and show how the new company will be advantageous for them. here to explain national amusement, its piece in all of this, charlie gasparino. >> national amusements is the holding company that owns paramount. >> need a mic. >> no one micked me up? liz: you do have to take responsibility. this is how the sausage is made. >> national amusements is the holding company, take the shot, everybody take the shot. national amusements is the holding company for paramount. by the way shari redstone owns

80% of national amusements. liz: we're getting you the microphone. >> as she owns the 80%,. liz: can i put this back on? okay, keep going. >> keith ellison of sky dance and redbird, they want to buy it. here is the question, does this thing making shari redstone rich, does it do anything for the common shareholders like your pal mario ga belly, your pal warren buffett, who will not just sit there and say shari gets all the fun and we don't. in that context, until the deal happens, it is not a done deal until you read the press release, the whole thing, go out and do a sales job. what will be the main sales pitch? by the way -- liz: what is david, not -- >> david ellison, is a new generation of leader. they're going to put him out front and center from what i understand to explain that, okay, you, the common shareholders, when we get this thing settled it i will be we

buy her stake there will be a lot of financial engineering. somehow redbird and skydance and kkr, will come out, they will be common shareholders this new company that will be worth about five billion dollars. liz: okay. >> you the common shareholder will benefit from us, when we have all the streaming, put our vast library to use in the new streaming revolution. we cut costs, do things that media companies should be doing, he will have capital. he will have backing. one of the problems paramount doesn't have a lot of cash. it is not doing that well. it has a lot of debt. this will be a company with a cleaner balance sheet. on top of that, we have to address the elephant in the room. what assets of paramount might get sold? here is what i'm sold. the low-hanging fruit could be sold immediately, mtvs, comedy central things like that.

i asked, people close to the matter, apparently not now. most legacy media, people attack legacy media. it still makes money still the trajectory will be going down with cord-cutting. i think what they do, run it for cash, from what i understand. at some point in the future they sell it. just so you know, i have, i want journalists to be employed all the time you know, but, you know, if you working at cb. is, running it for cash is not like investing it in the business but remember that's their plan, running it for cash. meaning you don't necessarily expand. you are don't invest but at some point when the numbers don't work you try to monetize your asset the best you can. so that's where we are right now. liz: listen, i worked acbs when larry tisch was a production assistant, the tishes bought cbs they were slicing and dicing. this met work has been through many near-death experiences. >> we should point out cbs news was the gold standard in news

for many years. >> tiffany network. >> walter cronkite. liz: bill paley. >> bill paley. liz: you got to know the history. >> so i would just say, deal timing, key. i will say we will know something in the next twoish weeks. liz: okay. >> do i have my mic on now? liz: you're just a rookie. not like you've been in the business. >> don't blame this on me. i'm talent. they're supposed to mic me up? what are you kidding me? liz: next. his fault. >> not my fault! liz: closing bell in three minutes. the dow off the session lows, still in the red by 43 points. look at s&p turning positive by one point. punching into the green. nasdaq holding 29 points to the upside. russell up six points. investors are clinging to each minute that gets us closer to tomorrow's key consumer inflation data. so as we continue to wait for that, 8:30 a.m. eastern, here's

the expectation, if inflation comes in hotter than expected, our closer is here to tell you how to trade it. joining us now with 7.4 billion in assets under management. alpha simplex chief research strategist and portfolio manager, katie kaminsky. do you think it will come in hotter than expected? >> i think tomorrow could still be pretty normal but what we're seeing in the commodity markets is making all of us nervous in the sense that -- look at gold prices. i mean gold, copper, energy prices, they have been in an upswing and commodities have been bouncing for the last six weeks. so we might see some of that this month but we also really need to worry about the future cpi expectations even more. i think if we get a negative surprise tomorrow, in the upward direction, with the cpi that could definitely upset markets. liz: well, look, we were pointing out earlier in the show that oil is up about 17%

year-to-date. gasoline, rbob gasoline this is just the wholesale, up 30% year-to-date and, you know, week to date up 4%. month to date 5%? so i think you're right on the headline number might come in hotter than expected but how do you, how do you look at the stock market and say one thing for sure, we're not getting down to 2% in the next month 1/2 which is the target rate of inflation? so what are the best opportunities where you can say i've got a little bit of cash, i want to buy into the the stock market? >> i think for the stock market the challenge is going to be looking for diversification in areas where you think won't as affected by rate cuts coming later. maybe looking internationally at other opportunities where you haven't haven't seen much

movement. there may be sectors more benefited by inflation stickiness as opposed to some that may have counted on lower rates earlier this year. liz: well, commodities, you know once they're is momentum to one side, right now it is northward. that may be the opportunity if what i'm hearing you say. great to see you. thank you so much. katy kaminsky. here we go. the bells are five seconds away. we see the dow jones industrials erasing nearly all of its losses. at the worst point down 320. [closing bell rings] making a run for the flat line. down about seven points, s&p, nasdaq, rule sell in the green. same with the transport. tomorrow, billionaire, chairman and ceo mark lastry of avenue capital. ♪. larry: hello to folks, welcome to "kudlow," i'm larry kudlow. top of the news, arizona supreme court upholds a near total