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tv   The Claman Countdown  FOX Business  February 15, 2024 3:00pm-4:00pm EST

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are still held hostage to this day since october 7th by a terrorist group. and that is inexcusable. the president should be addressing the nation on this. it should be an all of government effort to get those six americans home, and it's shameful that we've had several rounds of hostage negotiations and exchanges only resulting in one american. thank god we got her home, but we still have six is left behind. charles: 30 seconds, 20 seconds, so give me a grade, u.s. readiness in this ever-changing world. a, b, c or d. >> depends on who we're fighting, but i think c at a best. passable but not enough. charles: that's not enough. it's always great with seeing you, morgan. >> thank you. charles: these are important topics that really influence every aspect of our lives. thank you very much. all right, folks, the market again picking up nice momentum. they know that liz claman is next. carries through this next hour. liz: can you believe that bear slash we saw tuesday? [laughter] charles: yeah. it felt like two years ago.
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liz: i know. i mean, remember that, folks? if at least for the s&p that loss has been entirely vaporized. the s&p right now is up 28 points. any gain of 26 points or many more will bring the broader index to yet another fresh record high. the dow is up about 320 points, it's not quite there yet. it needs 373 points for a new record. the nasdaq is about a 31 points or a quarter of a percent. finish folks, this is one of those days where it's not really the companies or the economic data but ors rather -- but, rather, the big name investors who are pulling the stock market strings. why? because it's 13f day, aka, what the smart money has bought and dumped in the priest quarter. per the securities and exchange commission, investors are worth $100 million or more including warren buffett, george soros, daniel loeb, they must file a 13f filing every quarter to reveal which spock stocks they
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just bought and which ones they dumped. and today there is a direct correlation between the gain we're seeing and the moves these players made. buffett's berkshire hathaway scooping up shares of chevron, hoch with meta. michael bury made famous in the big short for shorting subprime mortgages back in the day, he has taken a bet on jd.com. and while the soros fund picked up embattled new york community bank shares, that was before the regional lender missed on earnings. all of these names as you see on the screen are up, but it's really new york community bank that's seeing the biggest jump of about 5.5%. by the way, burry and einhorn also bought shares of new york community bank, but shares have been clobbered thanks to exposure to commercial real estate loan losses, and they had to cut their dividend and, yeah. nonetheless, you've got the big guys making some bets there.
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a bunch of hedge funds in addition to third point bought meta last quarter. the stock at $487 right now, it's up let's call it 3%. that is a fresh record high, and it would be the eight ath if we close here. -- eighth if we close here of the year. buffett still has the magic touch. berkshire adding to its chevron position. the integrated oil name which is, of course, a dow component, is popping about a 3.6%. but look just beneath it. berkshire hathaway is breakfasting to another record high. this gain of just 1% actually equals 6,507, and now one share of berkshire is $607,0 -- 507 because it's never flit -- split. if it closes here, that will be its ninth record of the year since 2024 began. it works both ways because buffett trimmed his massive stake in apple shares. soros dissolved his entire stake
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in the iphone maker. so we've got apple shares down just under 1. that's off the a lows of the session. berkshire also chopped about a third of its stake in paramount which is down 5% to $12.54. data comes in second as far as moving the markets here. we did get a softer than expected retail sales number that may be helping the bulls. january retail sales tumbled% 8% month over month in january versus a .if 1% drop. and year-over-year you are seek up .6%. keep in mind december was one to remember. sales popped .4%, so from december to january, yeah, a little softer here. so here we are after that gut-churning drop on tuesday, and the s&p has, as a i said, not only recovered all 68 points of losses on tuesday alone, but is within striking denies of -- distance of yet another record. in fact, we are there by 1 point at the moment.
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if stocks resume their skyward flight, how do you spot opportunities that aren't too expensive? joining me now live in studio, goldman sachs' head of tactical asset allocation for the investment strategy group, brett nelson. brett, i love this name, tactical opportunities. [laughter] how do you go about spotting, and what do you define as a tactical opportunity? >> well, we have a four-factor framework. so like most investors we look at valuations, we look at fundamentals. of we also consider the sentiment and positioning in the market. at the end of the day, as you said earlier with, players move the market. so if we know that everybody is on one side of a trade or that people are kind of lob sided in positioning -- lopsided in positionings, that may create an opportunity if we have a varying view on what could drive people to come to the other side of the boat. and the final thing is we just consider the technical backdrop in the market. some people consider it voodoo, but we do look at things like the 200-day moving average and other things because at the end
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of the day other players in the market look at those as well. so so we have to be cognizant of them. liz: i read the da vinny code, i know the whole -- [laughter] let's talk about the investment implications that you see right now that look tactical to you. >> well, there are several things that a we're doing in the tactical portfolio, but i think one of the main things -- themes that we actually reunderwrote in our outlook this year is this idea of u.s. pre'em sense. -- preeminence. if you think about the u.s., it's the only major country that has this unique if combination of being the largest country in the world, the richest.commed country in the world and also having the deepest and broadest financial markets. and what that's translated to over time has been superior erinings growth. -- earnings growth. if you look at the s&p 500, it's generated double the earnings since back in q3 of 2007 whereas if you look at the world, earnings up 2. liz: -- 22%. liz: and growth of a country, i mean, gdp in the united states
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is the highest and healthiest of the g7 nations, the advanced and developed nations. so is that why you're saying go big, u.s.? and then if you were to drill down on that, i noticed in this report 'cuz i read it, and you and the gang at goldman had some interesting thoughts, you didn't just say buy energy. you said master limited partnerships. i know they have good dividends, these mlp ifs. but what else is propelling that trade? >> so on that trade in particular we like, as a you said, they have very rich dividend yields. the cash flow yields of these company before if they a pay those dividends around 13%. and importantly, they have good coverage of that a dividend given that high cash frau. the last thing is when we look at valuations of these stock thes despite the fact that they've done very well in the last three years, they're still low by historical standards and these companies are are finally got religion in terms of capitol spending. in years past, everybody was spending money in the energy
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patch and we had an excess supply. now these companies are much more judicious, and they've been get -- giving a lot more back to shareholders. liz: we've got a fox business exclusive with williams ceo coming up, they, of course, in the infrastructure business. really interesting to watch owl that. kinder morgan's a master limited partner. >> yeah, exactly. and so we, i should stick around and watch that. liz: yeah, yeah, you should. [laughter] and the whole team at goldman. switch your monitors, guys -- well, they should be watching brett anyway. so when you look at key takeaways, global growth, recession here at all? you downgraded your recession outlook, correct? >> that's right. so last year we had a view that recession odds were 50-50. the varying perception at the time was we actually put 70% odds on the market generating a double-digit return last year with the simple view being we kind of priced a recession in 2022.
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if we didn't have one, that recession risk premium was going to be compressed, so this year we're at 30%. liz: okay. so the trade, we just looked at meta, but the trade of some of the big seven names, the magnificent seven. looks like we're seeing some johnny come latelies in those 13f filing. you were talking about how, in fact, i think you used the word variant versus contrarian, but would you be avoiding those big, you know, market cap names that have done incredibly well up until now? >> well, it's interesting, there's been a lot of focus on this idea of the cap-weighted s&p versus the equal-weighted s&p, and people saying cap-weighted has done so well, that's indicative of a narrow market and a harbinger of poor returns going forward. we looked at this dynamic and cut it phi different ways, and at the end of the day, the market in every one of those narrow breadth episodes was up a year later. what history was less clear on was whether the laggards caught
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up, so our view don't comply k5eu9 it, just own the s&p 500. that way you'll benefit either way in either of the scenarios. liz: that's what would have fete says -- buffett says, definitely. if you were to go into some part of the treasury world, can part of the yield curve do you look at this point? >> well, it's interesting you asked because just yesterday in our tactical fund we put a position on in the 10-year -- liz: i read it. [laughter] and. >> and so our general view is we expect interest rates to come down this year as you have the fed consistenting, as we -- cutting, as we expect it to moderate9 a little bit. we obviously had the retail sales report today which we think is more indicative of maybe growth moderating a bit as we move through the year. liz: 10-year at 4.42%, so we'll be watching all of this. thank you very much for teaching us about tactical opportunities. yeah, don't just go splaying all over the place, right?
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although the s&p will give you that exposure as you discussed. thank you, brett. >> thanks for having me. liz: well, like old christmas tree tinsel, the holiday season has floated away. but the holiday quarter's earnings are right now front and and center. the maker of shark ninja, hair care tools, ovens and vacs destroyed analyst expectations. but as consumers become maybe a little more tentative, will the ceo be nimble enough to keep his stock at the record high it just hit a couple of to hours ago? well, we'll find out next. he's here in a fox business exclusive. and yo with -- you'd think the january holiday hangover might ding retailers, but check out the retail etf, the xrt? it's the up 18.33 over the last 90 days. so a little bit of help there. "claman countdown" is coming right back. dow jones industrial thes up 322 points right now.
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liz: well, after swimming to a record high this morning pretty much right at the open, shark ninja right now flat to slightly higher by a quarter of a point. after the company reported fourth quarter results that crushed both revenue and earnings expectation. the maker of the famed ninja blender and shark vacuums also had strong forecasts including full-year profit well above expectations, so where is this confidence coming from? these products are not cheap. here in a fox business exclusive, ceo mark b if arakas of shark anyone ya. -- ninja. first of all, wow, you really put the analysts to shame here. you did much better than
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expected. we're trying to get a feel for what the consumer will pony up for now. what was your hottest seller over the holidays, and is it still on top this current quarter? >> well, liz, you know, our growth was really broad based in the quarter. i mean, it came from if our domestic business which grew 8%. our international business grew over 60%. it came across different product categories. you mentioned some of our big sellers. i mean, our shark flex style hair dryer was a great seller for us during the can holiday season. our ninja creamy if ice cream maker has nearly a billion views now on tiktok. is so, you know, the growth really came from vacuums, outdoor cooking appliances. i mean, shark ninja's in 31 different product if categories, so it was quite broad. liz: okay. ice cream maker, that's interesting. what, it went viral on tiktok somehow? it's amazing how a product that people know about can really then tickle a lot of, a lot of
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sales, right, through social media a? -- media in. >> well, it's amazing. if you bo back in the business 15 years ago, people would write online reviews about product. liz: yeah. >> and today they get so excited about them, or they'll do a video on tiktok or on instagram. our products are the most watched brands in our space in tiktok and instagram. and as i said, not only does the creamy is have a billion views, our shark flex style has over 700 million views. so it's an incredible way, you know, for us to engage with our consumers. and, you know, for there not to really be with borders, you know? when tiktoks or instagrams are running the united states, there's demand that's created in the u.k., australia or other markets as well. liz: we've got retail sales numbers in today, and they were lower than expected, down .8%. and when you pull it apart, electronics and things like that fell about a 5.5%.
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and we're talking appliances as well. that was year-over-year. 40 how are sales looking right now, and what do you predict for the first half of the year? >> so we came out of the holiday season with great momentum. i mean, we grew our business nearly 20% in the fourth quarter. we're continuing to see strong demand here in the first quarter, but as you said, you know, we've got to be able to deliver something extraordinary is to the consumer. and for us that's high performing products that are great quality delivered at an extraordinary value. and we've got to continue to keep working to earn the consumer's, you know, hard earned dollar. liz: i know that you guys have done incredibly well since you first spun if off in july, up about 55, 56% put stock. but as you look to do exactly what you just articulated meaning you've got to come up with great things, sometimes companies in your position will
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go through acquisition. and the first thing we thought of this morning when we were talking about you in the meaninm countdown was, wait a minute, amazon's attempt to purchase irobot of the roomba vacuum cleaner company was scuttled by perceived regularring la story barriers. irobot has completely tanked since then. it was a $1.7 billion deal that amazon had wanted to pick them up at. and you look at the stock, it is down terribly dramatically here. you can see irobot is now a lot cheaper, let's put it that way. do you or consider, have you had meetings at any level about maybe putting in a a play fixerrobot? >> -- for irobot? >> shark ninja has a really been an organic growth story. over the last 15 years, we've grown at a compounded annual growth rate of 20% a year curl that period of time. finish -- during that purchase. we've never if acquired a dollar
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of rev -- revenue in the company's history. we feel really good about our organic growth strategy, our ability to be able to gain share in the existing categories that a we're in. to enter new product if categories, i mean, shark ninja's to entered 14 new product categories just in the last 4 years and to grow internationally. we feel like there's a lot of white wide space in front of us. liz: i think it's really fascinating to think about your spitballing sessions as you come up with new things. what's the next thing we can expect to see from shark anyone ya? -- ninja a? >> we just announced the launch of our fist outdoor cooler -- first outdoor cooler. we got this great nugget of consumer insight that while consumers love the coolers kept their bev with ranges cold, i think -- beverages cold, i think all of us have had the example of the soggy sandwich, pulling out a ziploc bag filled with
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water. so we created a cooler called the ninja frost bowl that has a fridge-temperature dry drawier to you can put all a of your -- drawer, you can put your food and your sandwiches into a drawer that's kept it fridge temperature. so look for that product. and one other, liz, that i'll just throw at you is we just launched our shark flex freeze. it's the an indoor/outdoor fan. and, or you know, we recognize that consumers love spending time outdoors, but the temperature and the bugs, you know, really impacts them. this is an outdoor fan that can either be used corded or cordless. we can attach a mister attachment to ing that brings down the ambient temperature by 10 degrees -- liz: ooh. >> and, you know, it's quiet and high performance enough to also be used indoors. liz: can you pour vodka in there or a mojito, and it'll mist out -- never mind. [laughter] mark, it's good to see you.
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we love innovation and ideas that are sparked right here in the united states. i know you manufacture all over the world, but congratulations on the good numbers. thank you. >> thanks so much, liz. appreciate it. liz: the frost vault. shake shack serving up investors more than shack burgers, cinking cut fries and -- crinkle cut fries. its fourth quarter report has buyers of the tock drooling. details on the burger chain's sizzling numbers straight ahead. shake shack, by thuation one of the holdings in the restaurant exchange-traded fund, eatz. it's up about 14% over the past 3 months. we are coming right back with with so much more. stay tuned. ♪ ntal implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day.
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liz: fox business alert, you guys know that saudi money has been flowing into u.s. sports leagues we know, but into children's apparel? yeah. children's play shares soaring 73% right now to their best day on record after saudi e investment firm announced it has a taken a 54% majority if stake in the country. and -- in the company. and they came blurting out and said we plan to replace the entire board. you can kind of understand that after nearly are filing for bankruptcy, the kids' clothing retailer said it's moving forward with financing and and liquidity discussions after it forecast a fourth quarter with operating loss earlier the month. saw as the saudis roll the dice
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on children's place, investors are folding on penn if entertainment after the casino operator reported a wider than expected fourth quarter loss. stock is down 15.6% right now. ceo jay snowden said the results were burned by higher than estimated from motional costs for es espn bet which is supposed to launch in new york ahead of football season. well, shack investors are shaking it up here, up 25% right now. $97.83. shake shack sizzling to its best day in two years after its fourth quarter results topped expectations on both the top and bottom line. the fast casual chain said demand remains strong for its burgers, fries and sakes in the face of higher prices with its restaurant the profit margins rising 20 year other year. all i can say is when i see one of these in an airport, i'm so happy. and then i see the line and i get annoyed. twilio shares getting fried for
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its largest percentage drop of 2022, down 15% after the communications software supplier reported a wider than expected loss in the fourth quarter and forecast slower revenue growth for the current quarter below estimates. tesla shares actually moving higher, but tesla's self-driving feature is the target of one of silicon valley's top software safety advocates. you may have seen the super bowl commercials he took out. the billionaire finder of the don project is here to tell us why he paid millions for those two ads during the super bowl just to blow the whistle on elon musk's auto tech of the future. yeah, what is this? what is this about? we're going to find out. and, by the way, as we continue to look at the top of the dow 30 on the heat maps sitting right at the peaking yep, as we told you, chevron. warren buffett has increased the stake. it's up 3.5% followed by wall
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green boots alliance which kind of looks lately like a meme stock and i only say that because one day it's up 3%, the next day down 3%, back and forth. dow inc., the chemical company, is up. jpmorgan and caterpillar are also a up. at the bottom, cisco, down 2.5%. ♪ ♪ (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. he hits his mark —center stage—and is crushed by a baby grand piano. you're replacing me?
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history by placing the first commercial u.s.-made module to land on the lunar surface. back on earth musk is making some moves of his own. the billionaire space spacex and tesla ceo is moving the spacex part of his company to texas after a delaware court struck down a huge compensation a package for tesla that had paid him lots of money. joining him now, kelly o'grady live from the fox business newsroom. kelly. >> reporter: it's great to see you, liz. i just want to start off with the space part of it first, this rocket launch. if this mission succeeds, it's going to be the first commercial spacecraft on the moon one week from today. of this is really exciting stuff. and it would be a big win for nasa as well given how much cheaper this could make any of their future missions. it's also a big win for spacex. intuitive machines is in charge of the mission, but it was a falcon 9 rocket that carried the craft into space. nasa's a a pri customer for the flight, but the lander is also transporting cargo from other
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customers. >> 80% of our business is nasa, government-related business. and 20% is commercial. i would like to grow this commercial piece of the business more significantly, growing it to 40-50%. >> reporter: one of those customers is columbia sportswear. they plan if to test a heat reflective material that they use in their jackets against the extreme temperatures of space. now, the intuitive lander will be insulated from outer space by columbia's omni heat tech. here's the chairman and ceo on your show earlier this beak. this week. >> we use it for, you know, maintaining temperature, body temperature for consumers, buts this is being used to protect products in space when there's nobody else around to help them. and this is going to be a fairly interesting and really important opportunity to study space and study the moon. >> reporter: as he said, liz, spacex was also making moves
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down here on earth. elon musk announced he's officially moving the company to texas. if your company is still incorporated in delaware, i recommend moving to another tate as soon as possible. he he celebrated the move with this texas-themed image, it and comes -- it comes just days after he moved neuralink from delaware to nevada. musk has threatened to move tesla as a well but, liz, i will underscore that moving a private company such as tour la link are, space women x, is a lot easier than a public company. tesla shareholders would have to vote on that exchange, and depending on what texas or nevada are offering, that could prove difficult to show the economic value. we all know delaware is a tax haven. back to you. liz: yep, the incorporation move. we shall see if he's able to do that with his publicly-traded company. kelly, thank you very much. tesla's gains in the ev sector over the past 17 years have put it well ahead of its rivals on many levels although byd, the chinese ev, is now, of course,
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producing more evs than tesla. but musk is betting that the ev maker's self-driving tech is the secret sauce that makes tesla worth a lot of money. but this might sour that recipe. the don project, this is run by tech entrepreneur and -- [inaudible] [audio difficulty] calling out tesla's driver assist features as road killers and urged viewers to boycott tesla. in fact, one ad showed a tesla hitting a truck at an intersection, and then the other alludes to an accident where a self-driving tesla failed to stop for a school bus and hit a child. this as general motors today announced that it has nearly doubled the network of roads open to super cruise hand-free driving tech using lidar, light detection rain range mapping highways to law allow what gm calls the first, quote, true
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hands-free driver assistant in tech. i want to bring in the dawn project founder dan o'dowd. you are really not targeting other companies that are working on self-driving efforts here, mr. o'dowd. you're going right after tesla. why specifically tesla? >> well, they are the least responsible company here. there are documented dozen or couple of dozen fatalities from using -- utilizing their various self-driving software systems. as far as i know, there's only one other fatality that was attributed to another, to someone else. they are putting it out -- the product isn't done, it isn't ready. it clearly doesn't know what a do not enter sign is. it blows past school buses. it's sitting there, the lights are flashing, the stop sign's out, the kids are getting off the bus, and the tesla with the full self-driving will just zoom
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right by the bus. and this actually happened. we had this in a new york times full-page ad a year plus ago. then weoverred in our super bowl commercial last year where we showed the tesla going past a bus and hitting a mannequin -- a fake child. but in march it actually happened in northbound. a kid got off the a bus, the bue there, he got off the bus, tesla went with by on autopilot, and it hit the kid, and he was on a ventilator in the hospital, broke his neck and his -- we've been saying take this off the road. liz: interesting what you just said is, you said only one other has been involved in this kind of thing. well, tesla is the biggest ev company, so they -- the numbers would obviously show that they would have more issues, but is your issue with full self-driving or with autopilot? because i autopilot is different, and autopilot in
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teslas, you have to keep your hands on the wheel, and it will stop and start. it's not really much different than cruise control which just about every car over the past 20 years has had, you know, put in there. so which specific part of it is it? >> well, both are a problem. our focus has been primarily on full self-driving, but autopilot's really an obsolete product. the full self-driving product today completely takes that other. it used to be -- over. it used to be the highway driving component, but now full self-driving's incorporated, and auto pilot per se is an obsolete product. it's still there, you can still use it, but from a technological point of view it's, you know, it doesn't have a future. but is so full self-driving is the one that's being pushed very heavily. elon musk says it's four times safer if you buy full
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self-driving, it's four times safer than if you drive by yourself. that's completely crazy -- liz: no, it's not though. but, sir, no, it's not, because if you looked at a the accidents that have been caused simply by drivers who don't drive teslas, there are hundreds and hundreds of thousands of them every single year, human error is a huge problem, and the distracted driver is something that you could blame much more easily on people texting while driving versus a the tesla autopilot. let me just give full disclosure, i drive a model y. i only have autopilot. i have never once had a problem. but that said, i am done with my lease in tesla, and there's so many other options now if, many other cars, mercedes, bmw, audi e, hyundai, they all have these features within them and certainly crash avoidance features. are you saying get rid of crash avoidance? >> no, absolutely not. and, in fact, if you look at all those companies, they -- you
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said that autopilot, that tesla has many more. that's not true. this has nothing to do with evs. this is gasoline powered cars too. all those cars you were talking about, the companies you just, your earliering segment talked about gm's super cruise going on to i think that's what they call it, going on the road and getting on more roads. lots of people have that system, tons of people have that system. it hasn't killed anyone. ford has their system. it hasn't killed anyone. mercedes has a system. all those people, everybody put together including all the gasoline-powered cars are all the of the automation for self-driving or partial self-driving, all of those people put together have had one fatality, and tesla alone has had a couple dozen fatalities. liz: well, do you think it's because of the difference in the systems? musk does not use lidar. he uses cameras whereas a lot of other companies like volvo have signed deals, i believe mercedes
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as well, with lie far companies -- lidar companies such as luminar which is ticker similar wol laser. is it the difference there that may be the issue? >> that is definitely an issue. every other company that makes a self-driving or partial if self-driving system, they all use lidar. and tesla doesn't. they're the only ones who don't. but it goes beyond that. no other company -- one of the super bowl commercials was on the autopilot system. do you know that autopilot says on page 119 of the manual that you can only use it on the freeway? you can't use it on any highway that has lights or even cross traffic. and 8 of the accidents, "the washington post" just did a story, 8 of the fate call crashes of autopilot occurs when they were using autopilot on a road that autopilot is not designed to run on. it9 says right in the manual don't run it on a divided highway.
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if there are traffic lights, crosses traffic, but they a ran it there, and they died. but tesla refuses to hold the software -- liz: i get it. i get it, but do we fight evolution? it is very hard to put a genie back in the bottle. you mentioned ford. ford, of course, has a just to announced it's got -- well, it's got latitude a.i. which's aim ad as a developing semiautonomous driverless systems. this is just the way it is going. so have you talked to elon musk or anytime a saw? because -- nhtsa? because they haven't banned it yet. >> yes, we've sent all of our tests, we've showed it go past school buses, it doesn't know what a do not enter sign is, it was perfectly happy to go the wrong way down a one way street -- liz: so do crunk people though. so do drunk people. and that happens way more often than tesla autopilot trearks. >> yes. because there's so many more
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people using it. we discovered after a little bit of digging that of the people who actually paid for autopilot -- not autopilot, full self-driving, paid $12,000 or $15,000 for it? 85% of the time people turn it off. why would you turn the off a safety feature that makes you four times safer than you already -- that a you already bought? because it doesn't make you safer. the people who drive full self-driving, and i am distinguishing from autopilot in this case -- liz: okay. >> -- in city driving, italy -- will try to crash you into something. it's amazing. you're driving along, everything's perfectly fine, and it just decided to turn into oncoming traffic. it says it may swerve into the other lane despite ideal conditions -- liz: you own teslas, do you not? >> oh, i -- cars? liz: yeah. >> i've driven nothing but a tesla for 13 years.
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liz: and have you ever had an issue? if i'm going to say no because i never have once. >> well, i don't have full self-driving on any of my -- oh, i do on two model -- liz: i've just got to ask you this. you spent about, i mean, if the numbers are right, $14 million on two ads during the super bowl. is it worth it? if. >> well, we didn't spend $14 million because we didn't buy it for the whole country. we bought it for a limited number of places. liz: oh, okay. >> washington, d.c. and gym sacramento and some -- we went after state capitols and washington -- state capitals and washington d.c. for what we paid for it? absolutely. it put it on the map. everybody knows about a it. tesla is shipping a product, they know it doesn't work on highways, they know it only works on freeways, but they let you turn it on on the highway where it has killed a bunch of people. all they need to do to solve the autopilot problem is check the map, see where they are. we're not on a freeway, don't let autopilot turn on because it can't handle stoplights.
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it can't handle cross traffic. liz: we've got to run, but if there are future developments in this, we will bring you back. the perspective is interesting and it is, obviously, very much a life and business situation. and that's what we cover here. ing thank you. >> i'll be ready anytime you are. liz: appreciate it. >> we saw a flashing yellow signal from yesterday's clean energy expose poe in -- expo in our nation's capital about pausing natural gas terminals like this one in louisiana. could the biden administration's decision to pause these projects backfire on the green energy movement in the ceo of energy giant the williams companies joins me in an exclusive interview next. he's the one sending up the yellow signal, so you've got to hear his theory and what he's already seeing that a may indicate that, yes, this could be a big mistake on behalf of the green effort. natural gas taking it on the chin over the last year. boy, has it become cheap, $1.59 per million british thermal
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units right now. it's down another 1.5% today. "the claman countdown" is coming right back. let's see, if the s&p still at a record -- it's just a couple of points before, below what it needs, 2, a brand new record. we'll be watching it. ♪ ♪ i did have hearing aids from another company. i was just frustrated... i almost gave up. with miracle-ear it's all about service. they're personable, they're friendly. i'm very happy with them. we provide you with a free lifetime of aftercare. meaning free checkups, cleanings, and adjustments. i see someone new. someone happy. it's really made a difference. enjoy sweet offers during our limited time...
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liz: we are just getting this breaking news from capitol hill. in the last hour the house voted to lift the biden administration's restriction on exports of liquified natural gas. the vote? 225-200. all republicans voted aye. nine democrats joined them in voting aye. this becomes a day after alarming warning from the clean energy expo that was happening yesterday in our nation's capital. ceo of national gas infrastructure leader williams cautioning that the biden administration's pause on approving u.s. liquified natural gas or lng export terminals could backfire on the green movement in a big way. the continued pause as his thinking goes could actually do far more harm than good to the environment says williams ceo. it will perhaps trigger a use in
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coal usage overseas particularly in asia. joining me in an exclusive interview on fox business, williams company, president, ceo, alan armstrong. can we get your reaction to the breaking news off of capitol hill? >> sure, thank you, liz. excited to be here today. boy, that is fantastic news, especially excited to see the democrats joining. always excited to see anything on a bipartisan basis moving postively, so that's very exciting to see that and you know i think it's acknowledgement, there is, there is, people that are taking time to educate themselves on the climate issue and particularly the moderate democrats are taking time. they're realizing that the primary reason that the u.s. is the only major nation to have met the paris climate accord commitments, the u.s. is the only, and the primary reason for that is our use of natural gas
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in replacing coal use here in the u.s. we didn't do that frankly. that is in '05. we did it because it was low cost. and will continue to be able to use that tool to reduce co2 emissions around the world if we will let ourselves build the infrastructure that allows us to take our a bun can't low cost resources here in the u.s. and use the same tool that has been so successful for us here around the world. i think what was missed on this, you can't, these are very long-term decisions that countries are making. they can't decide one day to go to coal and the next day to go to natural gas. they have to make big, long-term decisions about the infrastructure they're going to build and the energy they're going to use to power their power generation. liz: and for every action there may be an opposite equal reaction. you issued this warning yesterday in essence saying if we don't export liquid natural
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gas to other nations they have very little choice but to maybe turn back to coal, that of course is the dirtiest among the fossil fuels. so what are you seeing? are you already seeing that? >> well i think, i think whateer hearing from counterparts on calls that i'm on is, hey, what does this mean? how can we trust and make long-term decisions about utilizing lng and utilizing natural gas, how can we be making these decisions if we don't know how committed the u.s. will be on a energy policy that allow us -- we talk about energy security here in the u.s. well, these other nations want energy security as well and if we're sending the signal that they can't count on us being able to get that a abundant resource out there they're going to make decisions that are in our own best interests. we should expect that i should expect that out of them. liz: as we finish you will here
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i just want to say it is interesting to hear both sides sides,er certainly as we focus on the energy world, we can't do what we expected pause these huge projects especially with natural gas is clean burning, bonn dance of it, the biden administration is worried about exporting, if we have less here, prices may go up. we have a hard break. alan, thanks so much for joining us. the markets are very close to session highs with the dow up 355 points. the s&p up 30 points. looks to close at yet another all-time high. [closing bell rings] that will do it for the claman county countdown. thank you so much for joining us. larry kudlow and company are up next. ♪ larry: hello

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