there. i have not met him. i read the bio on them him. he is pretty productivity. brian: man no most how to work seven days a week. >> aspiring billionaire. brian: brian kilmeade, thank you. taylor: stocks higher. another busy week of first-quarter earnings getting underway. we had a good week last week despite all the volatility. this week is another biggie. we have a fed meeting, apple, jobs day on friday. this will be another week we hear from the companies, the big fundamentals, understand the health of this economy. brian: mix a little fed in there too, to see where rates are going to be, watching the consumer, coca-cola, mcdonalds, big stuff. to take us through it all, charles payne, "making money." he is here right now. charles: good to see you all. you look fantastic in your easter chores especially jackie. >> thank you. charles: i'm charles payne this is "making money." breaking now, here comes tesla.

don't look now but they might be putting the band back together. not the mag-7. this is fresh tech names seeking the spotlight. as the year goes on, the street betting the 493, the other stocks can deliver particularly when it comes to earnings. one of my favorite research houses calling u.s. and zero government bonds worthless. like turkish bonds. if you want them go buy gold instead. president biden making history with the polls, just the wrong kind. he achieved a rare dubious distinction. wait until you hear what many thought was impossible. my take on fed polls, fake polling answers. all that and so much more on "making money." ♪. ♪ baby come back, any kind of fool could see, there was something everything about you ♪ charles: that is a song, singing

to elon musk today, folks, don't look now, you see this, up 2.3%? that's all tesla, baby. stock is crushing it today up 16%, positive developments in china. you know what? it seems like almost every time they count musk out he find as way to come back. not just counting out musk, folks. they're also sort of counting out the u.s. stock market, right? you know of course we saw last week, particularly friday, that sprung, that reversed weeks of decline t wasn't easy, got attention of a lot of market observers including economists who offered up this article, how far can the american stock market fall? sentiment has come down rather tramatically. inspread retail investors sentiment this is where he were net-net, bulls versus bears. look at this, we're more bearish than bullish first time in a long time. you have to go back to way mid

last year before there was a similar situation. so maybe, just maybe, you know, people are getting a little anxiety. it is not by the way retail investors. these are your professional investors. this is the national association of independent money managers, independent active money managessers. what i love about this though, every time they get bearish, it is usually a buy signal. right around here, maybe it is time to buy. we'll see. i want to bring in kaltbaum capital management president, fox business contributor gary k. gary, first i got to ask you. you can't count musk out. he always pulls rabbits out of you know what. stock is up 16% and all is forgiveen. >> look all i can tell you everybody has been bearish on it, rightfully so, and now he get as trip to china and cuts a deal and looks like there's some serious potential on these driverless cars even though i will never get into one.

i'm a big believer what the market believes, not what anybody else believes. the stock has broken back above the 50-day moving average for the first time in months. charles: right. >> very heavy volume. institutions are piling in. i haven't been in the stock in a very long time. i tell you i get interested today. we'll see now it looks when they start pulling it back a little bit. charles: what about this growing apapathy around markets, further they push out fed rate cuts the more vulnerable the market becomes? >> apathy, people dejected, everybody wanting out of the market is a very good thing for markets usually. i will never be apthreat i can ever, because i'm always looking for new treasure on a daily basis. price moves people's emotions, over the last few weeks it has been rough going. you had some 10% drops in areas of the market in a matter of days and that will do the trick. so i think we're at that moment.

i'm not so sure we're off to the races, without a doubt last week we were pretty darn good. charles: it was pretty darn good, the fact we fought off a lot, it is interesting. corporate earnings beat out stagflation. you mentions the 50-day moving average. you're really big on that. s&p 500, close ride under the day, so did the nasdaq composite. what would you like to see here to say okay with, we cleared those hurdles? >> get back off. there is something physical about the markets. when the market is below the 50-day it has no chances to ascend in a bullish phase. when the it is below 50 day, it has only opportunity toe descend in bearishness. i can tell you like emerging markets, they belted them to the downside and right back up above them. i think because of china's is acting better as they're buying up their whole market, the

government. so right here we're at a moment, i think we're at the goal line stand and hopefully we can get through. charles: maybe get through with a little extra volume? let me ask you on friday, one thing i liked about the session, fresh faces, right? oak, we had, the superconductor stock. that was up big. nvidia was up big. look at this, there were a lot, a lot of tech names here. teradyne hadn't seen in a long time, microchip, monolith power, tyler, is it time for investors broaden out in the tech sector with some ideas? >> as long as the market gives it to you. we're in earnings season. someone like reds med, they came out with earnings, tells you there is big interest in the institutions, starts hitting our screens. doesn't mean we'll buy it but we tend to look at it. as we go through earnings we stay away from the netflix, meta, thanks that gap down. we'll look for things that are

strong through and we'll look at earnings next. if something is down earnings 16%, but gaps up we'll tend to ignore but something up0% in earnings and gapsp we'll take a good close look. i do have to mention, watch the semis they are driving the bus in a big way. dropped 11% in six days, back up 10% in five. nvidia on friday drops 84 bucks and gets it all back in five days. stunning to watch when megacap names trade like penny stocks. it will be an interesting next few weeks. charles: we got a little bit of fed, a little bit of job numbers to add more spice to the whole thing. >> there you go. charles: appreciate it, my man. my next guest is doubledown his call for no rate hikes. wells fargo senior vice president mark smith. a lot betting on the street no rate cuts f it doesn't happen by july, it may not happen because of the election but you've been

saying no, and looks like more and more you're probably right. >> yeah, look at the numbers, charles, ppi, cpi, core cpe, inflation none of those are telling the fed they need to do anything. guess what? we got an election in november and last time i checked the fed is a part of the government. you got to think about politics when you think about government. i don't see them going for, up or down on rates given november is an election 2. will look too preferential to one party or the other. charles: i don't know the fed, anybody tell the fed they were part of the government? [laughter]. what about, we just had this conversation with gary, you were listening to most of it, before you say your clients are pounding you, get me in those mag-7 names, get me in those mag-7 names. do they have the same ferocity, do they still want to have these stocks that much. listen all these stocks look like they will be generational holds, if you believe -- charles: your clients believe that? >> i think so. when i talk to them they're

always talking about the next thing in tech. charles: right. >> if that is all you're talking about, you want to invest in that and you see long-term growth potential. a.i. is giving the tech sector new life. it is still a new story last time i checked. most companies are still looking to implement the technology. that is why it is a powerful technology. charles: that is great point. we have sylvia jablonski, all quickly they want to dabble in these. this is the last three months. financials you like a lot here. do you still like financials? >> i still like financials. charles: are they two separate though? do you separate big banks from small banks. >> absolutely. the big banks proved they can make money in any environment. they came out leaner and meaner after the pandemic. things can settle down with rates i think they will find a way to continue to make more money with that as well. charles: last three months industrials up 3.1%, materials,

xlb, up 8 1/2%. only thing energy outperformed that. you would still buy these? >> i would. charles there are 50,000 project es around the country, infrastructure came out of the deal on congress, bipartisan deal. charles: right. >> that's all going to work. they're buying raw materials. they're going to caterpillar. they have to get these projects done. there is lot of excitement about it. i would definitely be in these sectors because you this stuff to build the country. charles: i know you like gold. one of my favorite firms put out a piece about france, eurozone bonds they're worthless, certificates of confiscation. if anybody is thinking of owning them buy gold because it is breaking out. i know you like gold. what do you think about that assessment? >> i like the fact gold is a play that is international. it has a track record going back

2000 plus years. you're seeing that with the proliferation of bitcoin, gold is being sought-after even more because a lot think that bitcoin is fugasi. whether you think that or not is one or the other, 10% of america owns bitcoin, less last time i checked. >> right. >> when you think about that i like gold, given all the different hostilities around the world. whether ukraine or iran. gold is a hedge. charles: store of value, just a store of value you can make good money? >> store of value. equals out portfolio from some of the equity risk we're taking. it is also great when you have potential wars. charles: great stuff. thanks a lot, mark. college campuses around the country swarming with protests. as university officials are beginning to impose deadlines for them to get out. we have greg valliere to break down the political impact of that. also some crazy things that are coming at polling next.

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headlines from yesterday including this from cnn. trump maintains lead over biden in 2024 matchup. you know what is intriguing with this, he actually went up in their poll. but it wasn't the headline of course. it is when you start to look at the nuances of this thing. approval for president biden below 50% on health care, student loan debt, student loan debt? the economy and inflation, war between israel and hamas, absolutely abysmal numbers. some are gut punch level numbers. wasn't just cnn headline out of "newsweek." on battleground states, battleground states where it will be said and done. what is really remarkable though? is, this is something i don't know, that, you have never seen it. so, i know many professional poll watchers out there and it is just really amazing that no one's really said, you know if you look at the president's unpopularity, despite low unemployment numbers, see the bottom line here is the unemployment rate.

so you've got president biden with the lowest unemployment in, also the lowest ratings. that is one heck of a odd combination. it has just never happened before. consequently, as it turns out, i talked about this on friday, in the 13th quarter 6 his presidency president joe biden finds himself way at the bottom of the list, way at the bottom of the list. i want to bring in agf investments chief strategist, greg valliere. greg, sometimes i feel like these polls are a setup. how can biden, i will go back to the last chart. with the lowest unemployment numbers and lowest rating it doesn't seem to jibe? >> it is still april. there is a lot of way to go but there is some really ominous trends for biden, in particular his numbers, charles, with young people. he has lost five point in the last few months with young people. he is now trailing or even with hispanics and african-americans.

if he doesn't do well with those three groups there is no way he can win. charles: well, let's go with the young voters right? this poll here, 18, 19, dismayed with the white house. >> particularly handling of israel and hamas conflict where honestly felt like he tried to have it both ways. no matter what side of this thing you're on, you're being sort of disingenuous, we know that younger folks support, for instance, a cease-fire. on one hand the president says hey we're negotiating a cease-fire. on the other hand the administration sells a lot of weapons to israel. these young folks on college campuses, how do you, how does he handle a situation like that? >> i tell you, i've been around, a while, this is starting to remind me of 1968, when you saw young people really get angry, occupy dorms, occupy campuses. you see that now.

it is almost too late to for president to regain his support among young people. he has to do well among hispanics rand african-americans. charles: i don't see how well he will do with african-americans. particularly older black women, remember them and grandparents, ku klux klan used to come by the house. that is what my family dealt with. younger ones don't want free housing and food stamps. i think the democratic party has lost touch with young black people. i put up a chart from 1968. what you're say something so fascinating. richard nixon in the red, absolutely dominated, absolutely crushed hubert humphrey. you have arkansas, louisiana, mississippi, alabama, georgia, they all went for george wallace. we have rfk, jr., can he make a tim lar impact this november? >> i think these young people who are protesting want something different.

so i think, robert f. kennedy, jr. will stay in low double digits, 10, 12, 14%. that is enormous. if if fk does well he will discombobulate the election in many states. i don't care what the polls say, it will make it difficult for a lot of these states. charles: trump is aiming at him this weekend. appreciate your expertise always. >> yeah. charles: last week we saw the resurrection staffing-flation. it is not red on the screen. we'll ask economist john lonski where he sees the economy going. also hilary kramer would the fed actually do something for political motives? we'll be right back. ♪.

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charles: last week we saw the resurrection staffing-flation. this of course after that gdp number came out. the number was much lower than expected but the prices paid component exploded. kelly o'grady has more. >> reporter: that's right, charles. stagflation kind of feels like the new soft landing when it comes to buzzwords. economic out this chart. it shows the number of new stories mentioning stagflation. you had a big spike this month and we actually haven't seen that number unless you go all the way back to june 2022.

so lots of folks talking about that but not everyone is sold on stagflation being the present challenge. there is article in bloomberg that says essentially the stagflation narrative it is really not fair. yes, we have inflation. this is the pce, we've been ticking up on that. gdp growth disappointing but it still remains strong. big tech earnings show we have haven't had that stagnation piece yet. there is signs that goods inflation is receipting up again. this is the ism prices paid this orange line here. for context it measures the cost of goods that businesses shell out for production. if you have rising cost of materials, remember, commodity prices they have been really running up, that will get transferred from the producer to the consumer. you will see more inflation. the fact that the 10 month lead the cpi is going up, that is really concerning. what is interesting, is that the higher for longer rhetoric, if you go back to let's say last

year, right, the higher for longer, that's the blue dot there, that was going okay. well you will have higher for longer financial conditions. they will be really tough. now higher for longer, financial conditions, they haven't really moved at all. so those fed fund rate expectations they're moving higher. but this is what you're seeing here. this is really setting up the fomc meeting to be a doozy next week, charles. charles: wednesday, it will be absolutely nuts. great stuff. thank you very much, kelly. we had to call in lonski group president, john lonski. we call him cool, calm collected. but john, you sat down, saying you have been cautious, a little cautious. i know why. the data comes in, one data point, oh, man look how strong it is. the next data point, look how weak it is. how kang you measure what the economy is? >> i'm cautious because i sense inflation is here there, everywhere. charles: sounds like a good

dr. suess book. >> it is a dr. suess book. maybe we should look back at it now because i could make the market that the equity market is inflationary at this point in time. very high p-e ratio, despite the fact we have relatively high interest rates foreboth treasurys and corporate bonds. charles: right. >> speaking about corporate bonds however, what kelly said is correct. these yield spreads, compensation lenders and corporations get for credit risk is at historically low levels. so there is a great deal of confidence in the continuation of double-digit corporate earnings growth. i don't know whether or not that confidence is deserved because i don't see where interest rates are coming down anytime soon. charles: right. >> and i can't help but notice a lot of the spending growth you have in this economy is due to government support, government subsidies and government spending. charles, when was the last time you might remember the government budget deficit at 6%

of gdp in a peacetime, full employment economy? charles: in a peacetime i don't think ever happened. >> never happened before. this is unsustainable position. charles: is it too early to make the stagflation call? >> i wouldn't give up on inflation. we're still looking at good growth. 1.6% growth. slower than 2% growth in the first quarter. when you take out the widening of the trade deaf it, the slump in inventories, growth goes up to 2.5, 2.8%. that was in line with expectations. it wasn't that weak. charles: always funny know, economists say, if you take this one out, tweak this, change the tires there, we got there, we did okay. >> we have a wide trade deficit, we have a wide trade deficit, people are spending money not on goods in the united states but manufactured abroad. charles: michigan, everything going on friday, the michigan sentiment, both one and three-year inflation expectations ticked up tote highest levels of this year.

now they're nowhere near wherer this last november but it feels like even on main street, remember, it was a couple years ago that michigan sentiment number came out, the one year inflation number spiked and jay powell lost his mind? the fed has to be watching this and you would assume on wednesday they try to really, really change or soften everything they have said in the last three months. >> i think it will have a hawkish tone during that press conference to the policy statement. charles: right. >> and let's not forget there is a possibility that we could be looking at a revival by inflation that proves to be strong enough, severe enough, so that a fed rate hike comes into view later this year. right now what the market is betting on a rate cut, not until september 18th. they're not convinced, only something like 58% now being assigned to a september rate cut. charles: that could be changed before the close. i got 30 seconds though, wouldn't it be something if jay powell was determined not to

be arthur burns, determined not to you know wait -- he didn't cut but this has been one of the longest pauses in a long time. wouldn't it be sort of dispointing, almost heart-breaking that the fed would, maybe the powell fed would be another arthur burns? >> hmmm. well, that september meeting is very close tote to the november election. charles: we're talking about rate hikes, they're already taking a victory lap, talking about three rate cuts,. >> they have big egg on their face, aren't they may be forced to do so if the treasury market tells them to to hike rates. watch that 10-year treasury yield f it climbs above 5% and stays there, the next move by the fed would be a rate hike they will have no choice. charles: good stuff, john, thank you very much. >> my pleasure. charles: folks although the needles are moving in the wrong direction, lots of economists, wall street strategists too, they still have rate cuts on their bingo cards.

let's see how much so. kelly o'grady back us. >> reporter: that's right, charles. there is no doubt that the economic data has got enbetter. go back to the august report card, if you will. there was only one category that was frein, that was production are that three categories red, bankruptcies, economy and production. now though, look you've got eight categories that are all lighting up the screen green right now. by the way bankruptcies have gone all the way from red to green. that is kind of an interesting shift to see. that one category in the red, that being production. the data it is getting better, underscoring maybe those rate cuts aren't coming. fund managers they're starting to read the tea leaves. remember the beginning of the year the market was pricing in six cuts? we're definitely way off of that right now. earlier this month 76% of investors were saying okay, you know we're probably going to get two, at least two or so.

however, last week, bnp, they predicted that the fed is going to wait until december to cut-rates to avoid the presidential election. and wanting to not seem too political. perhaps two cuts, charles. that may be turning out to be too high of an estimate after all. charles: after all. codely, thank you very much. my next guest believes the fed will cut rateses before the election and it will be a political move. i want to bring in hilary kramer. great to see you. what you're implying destroys the credibility of the federal reserve f they, jay powell, suggested, hinted back, people pushed back on it how important the federal reserve is. >> it's political. jay powell wants to keep his job. i'll say it. as blatant as can be. what he is probably waiting for, as we get closer to elections -- charles: wouldn't it be transparent with inflation going

in the wrong direction? i, to your point, couple of fomc meetings ago he talked about a surprise jobs report, he mentioned it a couple times. i think he was looking for that to be his cue. 4.1%, that would be his excuse. if he does this without any sort of real trigger, golly. >> i think we will see a trigger because the market, charles, it really has climbed too far too fast and money is expensive now and you and i know what happens when money gets expensive and those credit card bills are piling up and people start having to sell down on their stocks and, so much of the market has been propped up by the vcs and by new companies and once they start going under, they were, jerome powell will have his excuse. he doesn't have to worry about inflation, even though inflation is real and inflation continues to plague us. charles: he said on many occasions listen, we don't have to be at 2% but we should be full blink toward it, right? not going the other way.

speaking of, you know the japanese yen, 34-year low. i saw in your note you mentioned the yen. why should americans care about that. >> japan is really a model that we need to look at because japan has just been a laggard and stuck in the mud now after having been such a powerhouse because of their manipulating bond prices and their manipulating on rates and japan expanded too much. charles: two lost decades, 20 years went nowhere. >> absolutely. everyone should expect jay powell and the fed, they are, he ask going to come in, he is going to cut, and he want toes make sure he keeps the jobe not end up with -- charles: that serious, serious that is a serious statement there, hilary. let's talk about stock pick. >> i love that. charles: i know you do. oddity, relative new ipo. mobileye went private, public,

private again. palantir let's start. >> this is an a.i. realty based company especially in beauty. oddity is try to make a run for ultimate market for example, sephora. the stock has been stuck there around 33 but they know what they are doing. they have brands like really great names, spoiled child, for example. then you have mobileye, which intel who brought, who took mobileye private. charles: right. >> when intel needed some money to build those chip factories which haven't gone so well as we know, brought mobileye out again. mobileye is doing all the assisted driving technology. autonomous driving everyone thinks. charles: it is coming back. the stock is coming back recently but -- >> mobileye will come back for sure. charles: palantir is really secretive but now more people are saying it's a buy although a lot of folks, they do big

business with the government. they feel like it's opaque. you like it. >> i love palantir. we'll see $45 again on palantir. we might see a $100 because palantir is real artificial intelligence. nvidia, of course it is artificial intelligence but it is already played out. palantir has the contracts, charles as you referred to, secretiveness with all the defense contracts all over the world and equivalent of cias in every country. now that palantir has corporate clients, palantir can be more transparent, and remember, those fund managers need to make money. and that's where oddity and mobileye and palantir come in. they need stocks that will be doubles. >> thanks, folks. she gave you three doubles. all right, great seeing you, hilary. earnings season running fast and furious. finally time for those outside of the mag-7, call them the 493 to start getting up and at it.

david nelson has some serious thought about that right after this. ♪. as an independent financial advisor, i stand by these promises. as a fiduciary, i promise to be the financial steward that you and your family need. i promise to put your long-term financial well-being above any short term transaction. everyone has a big picture. my job is to help you invest in yours. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com ( ♪ ) i got injured, um, my back got injured very bad. i was off work for about a year. did physical therapy, did... you name it i did it. i heard about relief factor from my wife. she basically made me take it. relief factor is a daily supplement,

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♪. >> there is nothing else. just us. and a camera and those wonderful people out there in the dark. all right, mr. demille, i'm ready for my close up. charles: one of those fame most scenes in movie history. we're in the dark in a way. earnings season is in full swing. in fact we're at the halfway point. let's assess what's happened so far because as time goes on, wall street is looking for the 493, not the mag-7 to pick up everything, so far so good, all right, look at all the earnings beats close to 80%. i will explain what is happening here. here is the thing. the so-called beats have been off the chain, after the street rapidly ratcheted down consensus estimates. they go lower and lower. it is easy to get 80% beat. here is what you need to look at. 53% beaten by one standard

deviation or better. that is not near the high. a few have missed by the same metric. what happens when you beat by one standard deviation, stocks go through the roof. right now your average gain is very, very small compared to historic dotted line, whereas those who miss, say if you miss by at least one standard deviation or more, you will get hit by 262 basis points. up 16 basis points. down 362 basis points. because it is a game. it is a setup. everyone is starting to know the setup. listen worked for a long time, but are these earnings beats really earnings beats. we look forward. we look ahead. this is the first quarter, this is the inflection point. wall street looking for earnings to go higher and higher and higher. but there is a caveat, there is a caveat. it won't be the mag-7, folks. look at this. the mag-7 are supposed to be going down. they're looking for the mag-7 to go down. if you think you're going to be up 1% in the fourth quarter,

that means -- 17% in the fourth quarter, that means 493 have to step up. can they? let's bring in belpointe chief strategist david nelson. let's look the mag-7 surprised this earnings season. three of four did extraordinarily well. at least the reaction were. are you surprised by their earnings? >> i'm not surprised. they're very good at talking down the street and getting a number they can beat. i would say it is even worse than some of the charts you put up there. when you have an earnings miss out there be prepared to see your stock down 15, 20% because that is usually what happens and generally your first trade out, the opening trade is the best way to get out that day. charles: again the trick is, management talks are down and then wall street too, right? i guess if you're an analyst, you think the company is going to earn a buck, you say it is going to be 97 cents, it is act they beat you by two cents f you

overestimate, feels like a wall street punishment for that. >> i look at it a little differently. for me a earnings report is not just a look at health of company. it is report card on how good of a job the analysts did getting the number right. most times you're looking the analyst got it wrong. you have to look in the call, look at the date tax it is guidance on the call fouling several days later. charles: we're starting again thinking fourth quarter but wall street now looking for this momentum to really build in '24, 'rather. is it too far to look out there. >> it is a little far for me. as far as the 493 goes at the index level i'm not seeing it. that doesn't mean there aren't gems in there. charles: right. >> you talk about them on this show each and over day and some are home runs. charles: speaking of home runs, for a lot of the guests i'm doing, a lot of ideas you shared with us. you had three bonified grand

slams, bsd, dell and apple are you still in these names. >> dell i'm still in. i actually sold this one up 61%. charles: you will take 61%. apple. >> i apple i still have a very small position in apple that was my loser. charles: coming down 39%. it is killing it today, 16%. you took a hit on it though? >> i took a hit in november. it was fairly substantial loss pour me. we get back in literally earnings. i did it countertrend news. this is certainly not about the numbers. it is about the story. charles: we have breaking news out of columbia university. you want to take a look at this real quick this has been massive and it is influencing a lot of things. again, the students were given a deadline today, 2:00 p.m. to move out. it is obviously they're not moving out. it is not of course just

columbia, but happening all over the country. in fact these images are probably emboileddenning additional students who had even considered these acts. so university after university, college after college, are going to see these sort of protests. it is unclear whether all of these young men and women understand exactly what's at stake here, if any of them have seen the footage of what has occurred on october 7th, we are people who feel badly. of course a lot of children have died. this is actually the university of texas. we had columbia with a deadline today at 2:00 as well. to my earlier point, it is happening everywhere, folks. it's huge. earlier today greg valliere said a very similar situation in 1968 led to run away election of richard nixon who ran as the law and order candidate.

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charles: talk about the a.i. story with abs and flows and the winter scene involving all the time big a.i. spenders were reported last week those late to the game were punished it seems like investors prefer zuckerberg to the one not making a major shift as a metaverse may be something of a dark money pit, google which had fumbled the a.i. ball on more than one occasion scored big 70 billion buyback the first ever dividend the third-best single market cap in the history of the market, talking about changing the guard from a humanistic point of view once again everyone talk about a.i. during earnings calls, similar to.com but they say it's real this time and some are talking about maybe the real

replacement theory. lenovo cio playbook strategy said a.i. is a game changer, 10% they nothing in it be interesting to see what those cavities do in the next few years. i suspect a.i. will take more jobs at a faster pace and only those that are building and grounds cleaning maintenance, construction those are the folks 80 - 90% can't be replaced by a.i., you have a gig, atf ceo and cio. last week wall street celebrates a meta microsoft, google, alphabet and punishes meta but meta said we're going to spend money to, what is the diff difference. >> i think the difference is hope for the future in terms of what they're going to do with a.i. and particularly microsoft where they can plummet into 365 copilot, they have a.i. in software, they will have a.i. consulting and working on quantum computing. charles: were like a shot in the dark for meta.

>> i think it is just a little ptsd with some of the meta versa that didn't pan out, she's gotta keep it up i think they're doing good, highly profitable. charles: i love the efficient market a bird. it feels like the ethical part of this has gone away nobody talks about it anymore every company saying a.i. on the conference call in ceo saint you have to have it, does that concern you the ethical part. >> is certainly a high concern in terms of what a.i. can do and who's going to regulate that. i think all of the companies will have to prove that their policing the technology, we already see how that's turned out with some of the companies like meta and snapchat and things like that. i think that'll be a cost that'll be incurred and we might see a lot of the ongoing televised d.c. trials trying to sort that out and prove that there is a deficiency. >> i'm seeing some work where you have the language part of a.i. and the vision part of a.i.

were there merging a multimodal. it seems looking at the chart making this move here at the bottom corner, that looks like a place you might want to be if they merge the other top lines any other names that stand out. >> some of the names that we've been talking about i'll give you the sexier story, the names that stand out meta, microsoft and google the burnt language model that can recognize text, pictures and voices, it's doing more than text different formats, audio language, things like this, there chat gpt, openai, highly invested with the social media companies. if you think about the future quantum computing and what that's going to do, think about the a.i. moment don't you wish you had those investments two years ago that is quantum now and that's when you bring the data and process and display and deliver. charles: i've been watching the quantum thing for a long time, do it now, two years from now the new a.i. i appreciate it.

earlier today i spoke about the current polling advantage for president trump. i mentioned i'm not a big fan of polls although their useful particularly with the directional thing, i have to say i think it's too early obviously for the so-called submission polls that's when they tell people something is happening so they don't come out and vote on election day but i see something intriguing, it's upsetting, the cnn poll that we talked about. look at this the number two thing protecting democracy, no one is talking about protecting democracy, that's not a real category but you slide it in there to build an antitrust narrative. where is anything about ukraine, nothing there's a lot of real important things that are missing. at the bottom of the list climate change, student loans. speaking of polls beware of online often polls they call bogus response were people are

in a rush to finish the surveys and put little effort into it and sometimes they get rewarded sometimes there's money or a reward and it's very prevalent between 18 - 29 -year-olds. this is a poll that they asked are you licensed to operate a nuclear submarine? , 12% to 18 - 29-year-old say i can do it, i operate, only 1% of 61 we know you can count this many people in the entire country that are really licensed to operate a nuclear submarine. with 12% of people saying they can do that, you have to be very, very careful very leery about these polls particularly the online often polls. could be a long time between now and november in a crazy ride but then again you're used to that. you always watch the network at 3:00 o'clock with liz claman. liz: i was thinking i operate a toy submarine. charles: i don't even know if i can do