people in. >> you know, i -- charles: have they ever heard of fort lee, new jersey? >> this is driven by the affordable, the crisis in affordable housing, there's not enough. and this particular group says it's really impacting asian-americans. i get where they're coming from, but i worry about isolating the- >> let me jump in here for just a second. i don't like it, and i'll tell you why, because asian-americans are some of the most successful americans in the country. they make 30% more than the average american, they tend to own their own home. so we need them to be with all of us. shar charles right. but go to bergin county, that's all. [laughter] thank you very much. liz claman, over to you. liz: while you guys were talking, we've got to begin with a pox market alert. the bears, who had been in the cave for much of the session, were not hibernating. as we kick off the final hour of trade the, look and sigh how close the major indices are to maybe losing most of their gains, and the nasdaq has just

begin up all of the gains, now down 4 points. dow jones industrials up 28 but had been up 127 points earlier. s&p still hanging on to a fraction of green, but it's lost most of the 22-point high from earlier. for the first time in five sessions, the nasdaq really looked like it had a shot at closing higher. tech-heavy index was getting a pretty significant bump at the highs, 994 points from am -- 99 4 points, from amgen and microsoft. but right now lost it all on this friday. who knows what'll happen in the next 59 minutes. we've got to look at apple, because for the past couple of days investors have really been hammering it, and now they're starting to press the buy button on apple. we don't want to overstate it. we do have though the picture week to date that shows that the stock is still town more than 5 here -- down more than 5%, actually 6%. the stock is sill in the red e

for the week. the slide began wednesday on reports chinese government workers could be banned from using iphones. now, the picture worsened thursday when chinese smartphone giant huawei released this, the first of two brand new phones. the second came out today. this is video from yesterday e in shanghai. these phones are new, powerful chinese-made chips and make satellite calls in areas where there are no mobile signals or internet like if you're stub in the mountains. the price is just over $8000, about the same -- 8ing 00, abous the iphone 14 sold in china. that may be moot when apple launches its iphone 15, wonder lust event, we'll be all over that right here on "claman countdown." but the 15 +could start at $900. wednesday the government

releases the latest consumer inflation data. august core cpi expected to rise by 4.3%. you compare that to july which saw core cpi rise 4.7% on an annualized basis, but either one of these is still above the fed's 2% inflation target. that is a key piece of data the federal reserve chair jay powell and company is going to use to make their decision just a week later at the september interest rate-setting meeting. shop could happen between now and then. -- so much could happen. even in the 58 minutes left we have the trade today, a lot could happen. let's got to scott bauer and sarge bill foil. -- guilfoyle. why do you think we're losing much of the gain, scott? >> i think there was a lot of bottom fishing today. apple obviously helped a lot. it was up $2-3 earlier, it's given all of that back right now. but i think that we are seeing some oversold conditions. there definitely are some

concerns out there with cpi next week and then the fed decision. so i think people overall a are being a bit cautious. but to me, there are definitely some pockets here that are oversold, apple being one of them. now, i was looking wednesday on that -- excuse me, yesterday when we trade down about 173.55 or so in apple. that, you know, that low back on august 18th. was right around $172. so i didn't get my buy in there. i was ready for it. if it trades back down there again, i am all many on apple because i do think this is oversold. and i -- this is the not necessarily buying into the big event on monday, this is more from the technical and fundamental standpoint. so i do think, liz, over the next 50 minutes or so going into the close today, i do think we will end higher. i think some buy. >>ier s are going to come in. liz: the dow is up about 5 points, s&p in the red, down 1 is. the nasdaq down 12.

sarge, i know apple is your biggest holding, sod today was probably a very interesting week, to say the least here. but what do you blame? you can't really blame treasure ily yields. heir coming down. it's not like they were spiking. and you can't blame oil totally although oil has been on an unbelievable tear. so what do you attribute all of the action that up until today looked pretty dismal? >> well, one, it's not my largest holding, but it is a holding. now, apple has a lot to do with the u.s. dollar as well. yes, china's trying to force chinese careers to buy chinese products, we know that, but the dollar index is very strong versus the yuan right now. what's happening is apple and other multi-national large caps are going to have a harder time turning what they make overseas into u.s. dollars. so almost every s&p company is probably going to hit some kind of -- which becomes the bug on the win shield so to speak right

now. for the time being. that should be a boon for the small caps, i can see the small caps aren't doing any better, so we're going into a risk-off period right now. now, what you can do with apple, okay, apple, it ran all year, august was a cup, the last few days was a handle. this creates a 190 pivot. if you believe this flows over, the target price becomes 228, you could add to down the 200-day, and if that breaks, which is 162, that's when you -- if you want to diversify, or should i give -- let somebody else get in here. i'm grabbing -- liz: no, no, no, not at all. >> sarge is, you're great. liz: the russell's the worst performer this week, well, not if you don't count the transports. but for the week the russell is down about 3, 3.5%. and i guess, scott, when you're looking for opportunities at a very confusing time plus cpi

next week and then in two weeks the federal are reserve open market committee meeting, which is the two-day meeting and we see what they're going to do, we mow that they will probably pause for september, but what about november? these guys have said that every meeting is live, and they will be data-dependent. >> there's no question, liz. and if we look at the ecodata over the last several weeks, last week it looked like, great, we got great eco-data, the economy's slowing down. the jobs report from august was great. the fed was, you know, probably in a spot where they knew they could pause in september and looking good. and then all of a sudden that flip over this week with the ism number we got, which was a hot number, the weekly jobless claims number which was the lowestst since february. so what does that do in that puts even more question marks into powell and the fed. quite frankly, going into the next meeting they're not going to raise, but they might as well shake that a magic 8-ball at

this point to determine what the next move is afterwards. because if they're data-dependent, the data is all over the board. you know? it is all over the board. will. liz: yeah, it is. well, although -- >> [inaudible] liz: yeah. we had softer numbers, so that was encouraging. but if you get a cpi number that indicates inflation still hasn't been splayed, heavy got to do something. sarge, what is the number that you are waiting to fall must have so that you can scoop it up and you think is going to be a great investment? >> well, i would have to say that would be hock lead martin right now. -- lockheed martin. it's been down a lot are largely due to the failure to deliver enough fighter aircraft this year, and that's really the fault of lhx, because they make a smaller component that the aircraft needs that they have not produced enough of. they've had a shortage, because there's been some software issues for them. it's not going to be a heavy material impact in 2023, this is

going to push more aircraft deliveries into 2024. liz: i'm looking year to date -- >> i am long the name. yeah, it's 422 and change. this is going to force, almost force a huge 2024 and 2025 for lockheed martin given how many nations need to order these aircraft. liz: down about 13% year to date. gentlemen, good to see you. have a lovely weekend, if you can. >> you too, liz. liz: sarge guilfoyle and scott bauer. all right, a match made in sportswear heaven has one stock in focus. tennis prodigy ben shelton, everybody's talking about this guy, now the last american man standing in the 2023 u.s. open. and as he battles for the trophy, one logo is front and center. roger federer-backed on had the foresight to sign shelton back in march when he was nowhere

near the top 100 players. up next, the company's co-ceo joins us live on the grand slam sponsorship deal that's propelled the stock up 36% sinces they signed the 20-year-old phenom. you're looking at a live shot of arthur ashe stadium in flushing meadows, new york, home of the u.s. open. it's vibrating right now. stay tuned, we're coming right back with on holding. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection.

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every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. liz: this is the cinderella story emerging from the u.s.es open. unseated tennis pro, the phenom, ben helton, is the last american

standing in the u.s. open men's tournament and probably very few, if anyone, is cheering more loudly for shelton than the company behind his tennis kit. take a look at the logo 'em blazesonned on his shirt. it's on. the swiss sport apparel start-up behind the popular cloud shoe. on scooped shelton up earlier this year when he was till in the nosebleed section of the a, p rankings. he tarted the 2022 season as the, you ready? 573 byrd-ranked player in the world, but after breaking into the u.s. open semifinals, he is now in the top 50 at number 47. joining us now in a fox business exclusive to talk about betting on ben is on co-ceo martin hoffman live from zurich, switzerland. ben shelton is the great american hope right now heading to the u.s. open semis to face the number one world maker novak

djokovic. this is ununbelievable. on picked ben shelton to sponsor as its first male tennis player. what did you see in him that made you take that net? >> yeah. so a year ago we were planning to expand from running also into tennis, and there were two players that really stood out. on the men's side was ben shelton. on the female side was -- [inaudible] and, i mean, it's their competitive spirit that fits is so well to the on spirit but also to humbleness that they have offside the court. and, i mean, right now the whole team is watching and is cheering, and it has been incredible. liz liz how much did roger federer play into this decision? roger federer is a backer of your company, and there's that one shoe that he's designed, the federerer or shoe. was he dropping ideas into your ear about this? because, again, this kid was ranked 5 in the 570s. he was nobody x. then suddenly

he comes into the open unseeded and has made it all the way to the semis. >> certainly helps to have roger and his opinion and his view on the potential of players. so he was certainly involved. but we have a fantastic team that is also standing behind it who is now also taking care of ben who created that amazing kit that he's wearing, the shoes he's playing in, the roger pros. so, yeah, it's a team effort. liz: have you seen any traction in sales from his rise to stardom over these past couple of weeks? >> we certainly saw a spike in visitors and a lot of e-mails from all over the world. so really created a lot of attention for on. but we are even more happy for him. i mean, we saw the potential, and i think what he has experienced now will really level up his game and he really gets the recognition he

deserves. liz: since you sign him in march, the stock is up 36%. who knows if there is an exact correlation here, but i fine it absolutely fascinating that you were able to have the foresight, with federer's input, i'm sure, to say that one may be really something. i want to talk about overall your sales for this year. things look pretty darn good. i think you guided -- for the year you guided 44% net sales growth to about $1.of 7 -- 1.67 swuz francs, equal to $2 billion u.s. finish. >> we continue seeing strong sales, things like ben shelton certainly helps to create even more brand awareness. and this is not just in the u.s., it's really globally. so we get a lot of messageses from china, from europe, from all over the world. we have a lot of more exciting products coming. the apparel kit that he will be

playing will only be available in 2024. tennis is really another bidding block for us for the future. in order to, yeah, just continue growing. liz: is he going to get his own branded shoe? >> well, he's certainly involved in developing and designing the product. i can't tell you all about our plans that we have. liz: okay. you look at the big athletes, the big tennis athletes who have snapped up the nike sponsorships and, of course, adidas. djokovic is sponsored by asics. and when you look at those opportunities, it really feels like you hit a home run or ace, you aced it here. when you're talking about the competitors though, there are all kinds of ones. deckers shoe is getting a lot of attention. they're big bigger in running, but american competitors, they can be fickling as well as american consumers. how do you solidify and continue

to grow this momentum that you really seem to have with on? >> yes. i think we launched a lot of really exciting products in running, in trail running, now in tennis. i mean, the line has been a major franchise for us since 2020. there is a lot of adaptation of the running culture into lifestyle that we are seeing, and we are -- we're doing this globally. so it's not only in the u.s., but it is in europe, in asia. we see a lot of traction in china, in japan. we just started to expand in our own retail stores. we opened a store in london, in tokyo. we also have one in austin, miami. so there are a lot of pillars for growth, and this is really accelerating the business. liz: i'm happy to have you brand a liz shoe because i've been wearing the cloud for four years, so thank you. let me know when you need know help you design that, martin.

thank you. [laughter] >> thank you. that's -- liz: and good luck to ben shelton. he is just so exciting to watch, and on was able to nab him. unbelievable. cinderella story. is the battle of the goldman sachs egos suddenly down shifting? after months of reported acrimony, have the current and former ceos made up? ahead, charlie gasparino on the tete-a-tete between david solomon and lloyd blankfeinful. the financial sector, one of the s&p 500 leaders at this hour, but the top leaders don't include goldman, jpmorgan or wells fargo. lincoln national, key corp. leading the pack along with zions, comerica and citizens financial. "the claman countdown" is coming right back. don't go away. ♪ this. we got this.

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that's life well planned. ♪ ♪ liz: former goldman sachs ceo lloyd blankfein and current ceo david solomon have made headlines for their a alleged frenemy status over solomon's management style and goldman's falling stock price. blankfein himself is speaking out. charlie, what is the skype? >> this story -- the scoop? >> blankfein has exclusively told the us here that he is burying the hatchet, he and solomon are burying the hatchet

with their past contra temps that they have been peeking regularly lately -- speaking regularly lately and even have a dinner planned for this weekend. as you know, comes amid speculation that lloyd blankfein, the previous ceo who appointed david solomon, the current ceo of goldman, were having a riff. and i can tell you there was a rift. i know that for a fact, i know that from sources very chose to the company. it was on a number of levels. number one, i think, i think lloyd was really felt hurt and nub by david, that david solomon didn't involve him in major conversations involving some of the big issues that he's doing now like getting rid of the consumer banking unit that lloyd are actually started. so i think he felt a little bit miffed at that. i also think he felt like with the stock going down that maybe david was spending too much heym in the hamptons. he actually in his note to me, he told me that the dj thing was

something that stuck in his craw. but he did say that he's, that they made up. that they're meeting, there's going to be further meetings going on. i think he said he's going to go to dade's house pretty soon -- dade's house pretty soon, so they're going to spread the love even more. but this weekend they are going to have dinner. he didn't tell me where, so i guess we can't show up with the cameras, but this thing apparently, according to lloyd as of now, this supposed rift between the two -- and it was pretty unusual. i've never really seen this before play out publicly at goldman. now, there's other places where it did play out. but it was, he says right now it's overblown. i will say this, david solomon has been on a charm offensive lately. i think he knows it's better -- and there's a ton of internal dissension inside goldman. there's essentially a civil war beginning on. traders are very annoyed that bankers like solomon are running the show. they believe they're not doing a

good job and running it, the stock has been off. lloyd comes from the trading side. one thing you need to do if you're david solomon, you want to shore up support and, you know, you feel maybe your job could be on the line someday. you bring in the guy that the traders ors like, the former ceo. and, again, liz, think about how this has plaided out in other concern played out in other places. jack welsh, immelt. implement snubs jack, jack becomes his biggest outside critic, and then within, you know, when that started boiling up -- because i remember covering it here, it wasn't too long before immelt was out the door. and you saw the same thing with bob chapek and bob iger at fizzny. a9 lot of iger 's problems stem from somehow getting on the -- excuse me, a lot of chapek's problems, stem from getting on the wrong side of iger. stuff going on with the board, and chapek is out of a job.

so i think david saw that, and that's why he's making amends with lloyd. as of now, i don't know, what do you want to say, love is in the air? [laughter] liz: well, i'll tell you, it's nice. it's certainly helpful -- wait, or i'm sorry, dell taco in new jersey? they're trying to keep a low profile, i'm being told it might be del taco -- >> okay. where? where's that? liz: union city. >> that sounds like a place that lloyd and david -- you know -- liz: hey, go. liz: david has expensive tastes in wine. i don't know if lloyd drinks. lloyd's from brooklyn. he's a down to earth guy. lloyd might want to go to del taco. liz: he delivered hot dogs at yankee stadium -- >> you know, i've met both men, okay? i'm hearing wrap, but they even wrap me when i have covid. [laughter] i know both men. they're both down to earth guys.

david does have is a real problem on his hands in terms of the internal dissension, the traders, there's a civil war going on with traders. people feel like he doesn't listen to them. i could go town the line. i have a full write-up, it'll be on my column in "the new york post" -- liz: try and get that -- >> this is going to be a big with story going forward. liz: of course. >> at fox business, we broke it. liz: try and get a confirmation on del taco. thank you, charlie, very much. [laughter] laugh. liz: charlie gasparino, we will see you next week. so, folks, happy friday. well, not for those who bet on the kansas city chiefs to defeat the underdog detroit lions last night. the lions came roaring into the chiefs' kingdom and, in a major upset, beat the defending super bowl champs. in his first inte view since last night's shocking game, draftkings can cofounder and ceo jason robbins joins us next to talk about how he's planning to

cash in on american sports betting mania. closing bell, 29 minutes away. speaking of betting, casino stock, las vegas sands among the s&p consumer discretionary laggards right now. we're coming right back. ♪ ♪ known as a passionate artist. known for loving the outdoors. known for getting everyone together. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 16 types of cancer, including certain early-stage cancers. one of those cancers is triple-negative breast cancer. keytruda may be used with chemotherapy medicines

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liz: game one of the nfl season is in the books, and it was an unforgettable upset. the detroit lions plowed into kansas city's air to rowhead stadium ready to growl at the defending super bowl champion chief, and they drew blood with a 21-20 victory. for those placing bets on the chiefs, it was a losing wager. duh. but online sports betting site draftkings is soundly in the win column, and there may be more winning ahead. the american gaming association is forecasting 73.5 million u.s.

adults will place wagers this fall and winter, more than double last year's 27 million adults placing wagers. joining us now in his first interview i since last night's surprising upset is ceo jace is. en robins. jason, a stunner of a season opener and a painful one, i'm sure, for the chiefs. overall, what are you numbers looking -- your numbers looking like for last night's game? >> you know, we can't get into specific numbers, but as expected, this was just a huge year-over-year increase. we had, you know, really just with new states open and just the market continuing to grow, we just saw a really, really spectacular first day of f -- nfl, and i'm expecting a bigger sun. liz: -- sunday. liz: where do you see the trends going, and what type of betting are you seeing? >> well, i think definitely there's been a big trend towards player props, and that's been a

huge problem part of the parlay story. a lot of what drives parlay betting is people taking game outcomes and and making player props. live betting has been growing pretty steadily, and i think the product still has so much opportunity to be improved there, so i think that could become an even bigger part of the pie. you know, really i think all parts at this point, everything is growing. we have just a market that's literally opening up and getting off its feet, and we're still in the very early beginning. so, you know, pretty much across the business every sport is growing, it's just all relative. we have seen a huge impact, you know, obviously every nfl season we see giant -- even though nfl is only slightly ahead for the amount of revenue, it is by far the largest from a player standpoint. and it's only -- the revenue -- because there's less games, right? but on the player side, it's the absolutely critical time where you reactivate people, acquire more players. so there's always a step funk

increase, it's like the holiday season for us. liz: oh, sure. i know. but there are a lot of competitors out there. you've heard that before, i know, because we've talked about it. but these customers of yours, they are very fickle. in fact, they're really looking for the best, the best deal. oh, if you make this bet, we'll start you off with $10, etc. i mean ors the lures are very expensive, and your customer acquisition costs, i believe you had said at the start of the year or earlier this year that your customer acquisition cost was $371. are you seeing significant hikes in those costs as the competition with all of the names out there heats up? >> yeah, i don't think we actually put a customer acquisition number out there. i know that some have speculated, but definitely we've seen the opposite. i mean, really in the last year -- we did disclose in our last earnings call we had an almost 50% year-over-year increase in new customers, a almost 30% decline in cost of

acquisition. we're seeing the opposite happening, that's largely driven by a more rational competitive environment but also by a shift in national marketing which is more efficient. as more states open up, we don't have to spend that much more because it's not about a local marketing as much as it was in the very early days of a state launch. so we're seeing a very are favorable trend on the marketing cost side. i don't really think customers are looking for the best deal. i mean, obviously, you know, some are, but i think most customers are looking for the best product. that's what they want. and i feel like we've delivered that, and there is a huge difference between what we've put out there and most of our competition. liz: ease of use. >> and variety of things to bet on and, you know, quality of the experience. there's so many things that go into it. it's a very complex product. liz: i've got to is ask you about the espn deal with, you know, penn entertainment to create espn bet. you just mentioned advertising. what do you do with your

advertising relationship on espn? will you pull it now that your competitor has the deal for the sportsbook? >> well, i certainly think it'll change the nature of it, but, you know, we'll still buy ads on espn. i think it's going to be something where probably some of the more integrated segments maybe go away. that's fine. i mean, espn is an important partner, but they were a pretty small piece of our overall marketing budget, very small piece of our new customer acquisition being sourced if espn channel. so to put it in perspective, it's not the really going to be that impactful to us. obviously, you know, where we can we'll still be buying ads on monday might football, nba games, things like that. liz: people are talking, certainly, around new york and around the tennis fan world about what's going on at the u.s. open. ben shelton, this virtual unknown -- i don't want to say he's an unknown, but testifies ranked 573rd last year, now he's

in the semikinds playing against djokovic who is the number one player in the world. what is the bet payoff right now when you look at it? a bet of, let's say, $1, for example, on shelton? or $10 is? can you give us a sense right now? >> you know, it's moving all over the place at the moment. but -- liz: you get realtime stuff. >> yeah. you know what? i'll look right now for you. it is right now at +1500. so if you bet $10, you win $1500. and it's still early. by the way, the -- 150. by the way, even better odds on your browns to win the super bowl, a $10 bet would get you $350, and if you don't think they're going all the way but they're winning the afc, +2,000. liz are,i don't want to tell you where to bet -- [laughter] liz: i tell my crew, believe in the browns. >> browns, clowns.

liz: they're not the clowns. jason, i need some help here. [laughter] take good care. it's a busy season for you. thanks so much. >> thank you for having me. liz: jason robins of draftkings. we didn't even mention the stock it is up year to date, ooh, 179% for draftkings. this stock on your screen has more than double since its current ceo took over in november of last year what's giving investorsing exponential? we're about to to talk about it and reveal the stock and speak with the ceo next. closing bell, 17 minutes away. we've got the dow component walmart on track for a record close. it is the only stock in the dow jones trillions -- industrials over the last five weeks to hit a record high. stay tuned, we're coming right back. ♪ ♪

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liz: we should look at the dow transports right now becauser they are down week to date. it's it's actually the worst performing index this week. looks like transports are losing about 4%. you know, as we look at this now, it's losing about 106 points today alone. the index is often considered an indicator of economic strength

or weakness, can if while it tracks the performance of 20 the transportation stocks -- i mean, you're chawb the choo-choos, the airlines, the trucking companies in the u.s -- one name it doesn't include is the largest less than truckload freight company on the entire continent. it's called xpo, and this is the midwestly stock -- mystery stock we tease you with. it's up 115% year to date in part due to its new leader, mario hart. he's been there for, like, 11 years, but he just took the helm in november of 20222 from the great brad jacobs who founded the company. he joins me now in a fox business exclusive. that is certainly a thumbs up for at least whatever you're doing in this short period of time. but talk to me about the atmosphere right now in freight and trucking. >> well, first, liz, thanks for having me. when you look overall at the demand, although it's still soft, we are not seeing it in our business. here in the month of august we just reported our shipment count

where shipments are up 8% on a year on year basis. a lot of that was one of the operators in our industry ceased operation last month or but at the same time, we are seeing a great environment ahead of us in terms of what we're seeing for our customers. liz: ltl, less than truckload, this is your world. it's not jammed amazon trucks that have every inch filled up. explain to our viewers who don't really know that terminology what it actually means and how you're able to keep your pricing power when a lot of the freight companies are having to finally lower after the supply chain drama of the past couple year. >> well, less than truckload, it says what it says, less than truckload. whenever a customer wants to ship one or two or three palettes of freight, we -- pallets, we pick up those shipments for them, and we move it across north america all the way to the destination. and then we get that delivery for that particular palate for

the customer -- pallet for the customer. it's an industry with a deep moat. you need to have service centers, trucks, different types of traders to be able to operate that business, and you need density. and that creates a scarcity of supply when it comes to the ability of trucks ask people to move all that freight. liz: and you guys have that very complicated network. >> we sure do. and we're investing into it. we are actually growing our network, we're adding more stock, more people to handle that uptick in demand. liz: we have got to talk about yellow trucking. yellow trucking in july basically imploded. it ceased operations in early july, and by the third week of july, it had filed for bankruptcy. how did that affect you? because yellow's a big less than truckload company as well. >> our shipment counts were up the 2% on year on year basis, and that accelerate from the month of june to august by

roughly # 7%. and that was causes by yellow -- caused by yellow seizing operation. hay used to be approximately 10% of the industry, so you can imagine, all that freight has to go to all the other cares, and we've been servicing more freight for our customers. liz: and you're forging ahead with a huge trucking expansion service center in garre han are, texas. garland, texas. but when you're expanding, you also need truck drivers. i've been reading for several years now about a shortage of truck drivers. what is the answer to that? >> well, truck drivers have been in a shortage for more than a decade now. but we have our own solution for that. we run, have our own driver schools and more than 1890 locations -- 18ing 0 locations, and last year alone we graduated more than 1700 new truck drivers to join our team. and that's manager i'm very fascinate about because you -- passionate about because you create great opportunities. for folks who join our team, we train them to get their cdl

license, and they keep america moving. liz: you walk them through each step. >> absolutely. and we pay as well. are. liz: even in school? >> yes. liz: i'm look -- liking that idea. you've got cross-border capabilities as well. talk about that. you send shipments to alaska, to mexico. how is that business looking? because people often look at truck the freight as, in a way, the a a proxy for economic health. so give us that window. >> so for us on the long term, there's a movement where there are more and more companies are moving that manufacturing here to north america. and from our perspective, two-thirds of our customers are industrial companies. dozens and dozens of customers i meet with, every single one of them has been opening up a manufacturing facility either in mexico or even in the u.s. or in qanta as well. and move -- canada as well. and moving that that

manufacturing to north america which which will mean more freight over time. liz: ooh if i've got three pallets, how much does that cost me? >> depends on -- liz: how heavy, yeah, yeah, yeah, i know. all of your customers, okay, let'ses say it's three pallets of makeup for ulta. >> well, it fends where they are going, it could be $300, 400, 500, depending on the distance and the weight as a well. liz: makeup melts. are these refrigerated trucks? have our goal is to provide the best service for the customer to deliver the freight damage-free and on time every single time. liz: will you consider and are you working on autonomous vehicles at any point? >> so we are not working on autonomous vehicles because when you look at the less than truckload industry, our drivers go through the city where they have multiple pick-ups and deliveries. so think of a trailer full of freight where somebody has to take that town to the customer dock and pick up the corresponding shipments from the

customer dock as well, so our drivers and dock workers are a big component of making us successful. liz: yeah, but there are robots for that too. [laughter] i get it, you don't want people confusing the stakes here. we'll be watching xpo. it's kind of one of those companies that people need to know about. it is a very high performer so congratulations. >> thanks so much forking having me on, liz. liz: great to have you. the nasdaq at a risk of posting five straight session losses, but for the moment it is clinging to 3 points of gains. if it does lose, it'll be the longest losing streak in 11 months. awe three major averages on track for weekly losses. the dow's third negative week over the last four is just under 1% that it'll close down, the s&p down 1.33% and the nasdaq down about 2% on the week. and a lot of that had to do with apple. apple's stock down 6% this week on news of china's widening curbs on iphone use by government staff. of the "wall street journal" had

that report. but of course, as we mentioned at the top of the show is, huawei -- the big chinese phone company -- just released a new smartphone in china. two of them, actually. the mate if 60 pro which tech analysts say could very well rival the iphone and not just on price. with $5 billion in assets urn investigation, vance howard the howard capital managements ceo and portfolio manager. it bricks us to the -- brings us top chip merchandise that. there was a teardown of this phone. a lot of the techies in silicon valley saw that there is a new chinese-made chip in there. and all of our chip companies sold off over the past couple of days. the stocks had a pretty dismal performance week to date, but how do you invest on this headline, that huawei's coming out with this phone and what he know about its innards? >> i think you've got to stay away from the news, >> tough stay away from the news, nvidia is up and etf of

the semiconductors are still up and i think what you've got is news that will shake the market a bit. i tell you what, it's probably creating a buying opportunity here and you'll see pull backs and we're bullish on the chips even what's happening with the headline news. liz: it sure makes sense because they're in everything and we know that arm is going to launch its ipo and i have sources who are investor who is are telling me it's september 14th. those are sources who are very much involved in hoping to invest in some early investors who have learned this, i don't know. we haven't had confirmation from the company yet, but would you be a buyer of that one? this is not a chip company, it's a chip design company that makes the architecture upon which the nvidia of the world then build and customize what they want. >> i think it's incredibly interesting, but i haven't handout lyse it had well enough to give you a call on that one. i have analyzed nvidia well enough, amd well enough, sosx and broad basket of chips are doing very, very well and it's

interesting of what they'll build and build it correctly and it works it's a powerful and profitable company. liz: apple under a lot of pressure this week and if "the wall street journal" is correct decide that government worker wills not be able to have them at work. they don't want them using them for anything. does that make apple any less attractive? they do a huge amount of business in china? >> they do but everybody is doing a huge amount of business in china. thanksgiving nothing new right now especially some of the other chip companies. all i see is the trend it up and powerfully strong right now and the way the market is trading, you mentioned a minute ago with foror five down days in the nasdaq and modest and haven't been extreme or scar reigns leading. these are grate -- scary and great pull backs to buy on. liz: i agree buzz doesn't that mean a bigger pullback 4, 5% is kind of dinky and waiting on oonatural correction and it's overdue, is it not, vance?

will that come when the fed make as comment on the november rate s? >> you had it and a couple week when is the nasdaq pulled back 7, 8% and that was your correction. all pug-backs are viable and we're in a new bull market and trade to the long side and can't let the headlines spook you out of making money and this is where the money is made when everyone is afraid. get in and buy when you can. liz: dollar cost averaging never hurts. it is great to have you, vance. have a great weekend. folks there is the closing bell. the bulls trying to fight off the bears to close out a losing week and looks like the dow, s&p and nasdaq are going to do it. larry: hello, folks. welcome to kudlow, i'm larry kudlow. you have to wonder if joe biden cares at all about the health and well being of working folks in america. even with