will the american people start turning tables on all these things? when will we stop settling for being influencers on social media selling any long-lasting dealings or gadget and be influencers to those who work for us? time for us to turn the table and americans to demand accountability, look what's happening on college campuses, things are falling completely apart and we are sitting back and allowing it to happen. i want to borrow a phrase, time for the american public to stop being squarely because being squarely in this environment is nuts. we've got to seize the day or watch it go away. the last hour of trading will be treacherous, buckle up. the liz: breaking news, one hour left to trade in april, for the

first time since october stocks look to close out the month in the red. april showers leaving the dow soaked and got them down 444 at the moment but for the month down 4.6% followed by the s&p 500 which looks to end the last 30 days with a loss of 3%, the nasdaq in a shower but on pace to get clipped by 3.5% but it is the small and mid-cap that took the worst dunking, the russell 2000 on track to have lost 6.6% on the month. overall no one should be surprised or worried considering the run-up by the bulls that they've enjoyed since november with the backdrop of stubborn inflation which brings us to right now, federal reserve's committee meeting huddled behind closed doors and while the fed is expected to leave borrowing rates to 5.5% for the sixth meeting in a row, simmering inflation weighing heavily on chairman jay powell.

cutting rates would be a tool used to stimulate spending but with consumer demand sizzling the central bank's original plan to cut 3 times, 6 times this year is on ice. that ice got colder with fresh data showing first-quarter employment costs as measured by the eci came in at 1.2% harder than the 1% effort. it is starting to truly weigh on consumers. the burger chain reported a profit miss and lower-than-expected quarterly sales growth and executives admitted high prices for combo meals have begun to result in declining restaurant visits. customers no longer want to absorb price hikes the company and plummeted in the past year, shares are flat all session long. after the bell, how intolerant consumers are getting of high

prices from the starbucks report quarterly numbers, they are joined by big names on deck, let's get to the floor show to interpret this. jack is making the case to purchase mcdonald's for one specific reason and goldman sachs is here on whether to make the same case for energy which is the worst performing sector. how should investors read this? >> it's a reflection of what the bond market is telling us. we started the year expecting six rate cuts and after tomorrow it would be 0. that's one of the factors and the rate hike going from 3.9 to 4.6 undercuts a lot of the multiple expansion that we've had in the s&p 500 but i'm thankful that the s&p is ahead year to date but all things being equal, a rate hike like

this would suggest the equity market could be down 5% to 10%. liz: for once oil is not rising, gasoline is not rising but today, we had them moving down lower than they are in the aftermarket session but still down a buck at the moment 80 one 70 one but if you look month to date you can see that everything is either flat or slightly lower, so the inflation picture is altered when it comes to energy. give me a sense of what is driving it down even though it is year to date, we have most of the upside. >> the modest declines we have seen in the last couple weeks are driven by three factors. some reduction, there are signs of a potential escalation at

the eastern conflict, second, as a result of upside, high us interest rates and higher value of the dollar, seeing and impact of the stronger dollar on commodity prices and third at the margin i would characterize the fundamental data in markets over the last few months as somewhat bearish because we've seen modest increases in the global market. julie: have a slight de-escalation in the middle east not to mention as you said rising inventories which are bearish. you like an oil name here, which one is it and why, when things look a little bit unstable when it comes to bearish versus bullish do you feel it is time to go into that? >> chevron is a high-quality company with a strong dividend yielding 3.

9% but the key here is that we expect dividend growth to be 5. 5% for the next three years so here is a way to capture a solid dividend that will likely grow in excess of inflation. liz: when we bring this into the focus of china, there is so much news going on, middle east, what's happening in the us, demanded depending on high prices are not, when you talk about the china demand, it almost looks like it has stabilized here. >> last year china demand for oil grew very quickly as the economy reopened. we are not seeing a moderation in demand growth in china, china demand numbers have disappointed expectations as such and one interesting trend we are starting to see in chinese energy data is low

natural gas prices are incentivizing some trucks to switch from diesel to natural gas so you are seeing spillovers from bearish natural gas markets to the oil market. liz: natural gas is below $2 on british thermal units those started to show signs recently. let me go to earnings season. we've got a tug-of-war between federal reserve's big meeting at the announcement tomorrow when it comes to interest rates. we will stand half a the sixth time in a row but they are waiting to see inflation come down. inflation was very much a piece of the narrative for mcdonald's earnings. we are starting to see people say no more. we do not want double digit dollar costs for these combo meals, remember the one dollar hamburger? that is no longer a thing but you like mcdonald's, is it

similar to chevron where you have a yield are great company going through a little bit of an event. >> the theme is high-quality, quality quality quality, underlying everything we do now, solid dividend, 2. 5% yield and we expect dividends to grow 10% per year for the next three years so i think we have to use this pullback as an opportunity to get in and capture a solid dividend. liz: everyone is waiting on amazon to show a dividend, to pay out a dividend, we will know in just about 53 minutes when amazon reports numbers along with a bunch of other companies, smc i, advanced micro devices, starbucks coming out with numbers, earnings on deck, do you think amazon is going to announce a dividend and it would be the last s&p

500 company with the trillion dollar market or more the doesn't pay a dividend. >> i'm not an expert on insider but i would expect following google's lead, start issuing a dividend, certainly a symbolic one. lauren: 1 you look at a lot of oil companies, they do pay dividends, they always have, you just got to hold on for what could be a wild where i'd. >> we do think investing in oil futures and oil equities remains an attractive proposition. on the oil side i would emphasize two significant benefits, one is significant carry and second, geopolitical hedging benefits. if we were to see supply disruptions in the middle east

or russia or opec were to keep production lower longer, or you'll would do well and those scenarios were equities where there. and on equity research do emphasize the fact that different returns, different yields are quite high for companies and you want to purchase the dip. when oil equities are cheap and similarly when oil is cheap i think it is the right time to do oppositions. liz: i want to let viewers know if they were shocked when they saw transocean, a lot of that has to do with the fact they posted adjusted share loss. thank you very much. tech folks, tech focused or not, just about every company is ramping up spending on ai.

one company is putting ai to workforce 8100 global customers which include companies from microsoft a craft/hines over those and thousands more. the ceo of service now, bill mcdermott telling us how digital platform is harvesting the most intelligent knowledge ever. this is a fox business exclusive. the nasdaq is selling off, we got it down just about, looking at the nasdaq, one hundred 88 points but the stocks at the top artech, paypal, dex.com and adp. "the claman countdown" is coming right back. ♪ everybody wants super straight, super white teeth. they want that hollywood white smile.

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liz: we have a down market. investors are backpedaling on stellantis, down 11%. those shares are the largest percentage of austin two years. the global automaker, chrysler, fiat, dodge, jeep, reported a 12% slide in first-quarter revenue citing lower sales. and foreign exchange effects. stellantis did announced plans to launch a total of 25 new models of this year including 18 electric vehicles. no weight gain for patients on eli lilly's weight loss drug, big gains for the stock, up 5.3%, demand or for the drug led the farm a giant to raise its annual sales forecast by $2 billion and expect significant production, increases in the second half of the year, also related diabetes drug, demand for both% eli

lilly's market soaring above $700 billion, greater than tesla and walmart. shares of ge healthcare looks likely down 13% sitting at the bottom of the nasdaq 100. they recently spun off from ge reported lower-than-expected financials for the first quarter at a drop and a drop in revenue. it did however affirm its full-year outlook expecting its growth trajectory to be weighted towards the back half of the year and warner bros. discovery calling for a foul by investors, the stock is sinking 9% on news it could lose broadcast rights for the national basketball association. comcast's nbc universal is jumping in offering to pay an average of $2.5 billion a year to broadcast basketball games

with tnt network paying $1.2 billion in its current deal. w bd was unable to reach a new pact before an exclusive negotiating window expired last week. warner bros. discovery shares are below $8 by a longshot, $7.43. breaking news from the crypto world, the founder and former ceo, one of the biggest crypto exchanges has been sentenced to four months in prison for money laundering after entering a plea deal. prosecutors recommended 4. $3 billion to settle allegations. bitcoin dropping with the rest of the market here, down 5.5% to 59,815. 2391 getting clipped by 8%.

one iv league's reputation dying on the vine, columbia university on full lockdown at this hour as pro-palestinian and anti-israel protests barricade themselves in hamilton hall. the president of the university has issued a statement. we are going to get that to you and go live to the new york city campus for a look at their demands and the big-money at risk for all institutions of higher learning dealing with rampant anti-semitic rallies. just about every university student uses online books, education tech company the leader in all of them tumbling 27% in the final hour of trade. after announcing the departure of its ceo and second-quarter forecast missing expectations. dow jones industrials down 450 points. we are coming right back, taking you to columbia university for the rest.

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visit findyourindependentadvisor.com liz: benjamin netanyahu vowing to rid the southern gaza city of rafah of hamas terrorist whether a cease-fire agreement is reached or not, he says in a statement, quote, the idea we will stop the war before achieving all of its goals is out of the question. we will enter rafah and illuminate hamas's battalions with or without a deal. netanyahu not the only one refusing to back down. pro-palestinian protesters at columbia university ignoring a

letter released in the last few minutes on columbia's president who has confirmed the any student occupying the hamilton building on campus which they broke into last night will face expulsion. the activism could come at a high cost, not just a blemish on the record but let's go live to the scene of columbia university in new york city and madison alworth. lydia: we are moving with the protesters standing outside columbia's gates, those gates closed because of the actions last night. they are marching now, standing outside of 116 and broadway. the campus closed because of the invasion of hamilton hall last night. the big news that the students have occupied that building face expulsion. i want to bring you some video

from last night and bring you the news. the students broke in just after midnight breaking into the hall, breaking glass to get in, moving metal gates and forming a barricade with their bodies to secure the building. columbia announcing 12 hours after they broke in that those didn't, quote, occupying the building face expulsion. the campus has been closed because of these actions. only students that live inside and essential staff can get in. some of columbia columbia's biggest library spaces are located on this campus and with it currently being finals period we spoke to students who said this has been an imposition and they are worried about the final results in their education. take a listen. >> early monday next week it seems the only thing we can do is virtual training.

and kind of worried because we complete our protests. >> reporter: that students saying he has finals on monday and they are not working on that. they cannot physically get to it because it is on the campus. all of this happening as the backdrop with big l cardona testifying on capitol hill, that focus on fiscal year 2025 budget but multiple questions with anti-semitic behavior. they have an investigation, they don't have staff on campus. back out here live, protesters marching to the other side of the building, something we've been saying is to open the gates. the campus is closed. protesters not inside, only those who live there. the question is whether they will attempt to get inside as we follow them this way.

liz: many of them especially those who stormed hamilton have their faces covered. some would argue their faces are covered because they know what they are doing is wrong, defacing school property. the president has said those students still in that building will face expulsion. any word or any sign that there's going to be an effort to remove them? >> reporter: on the mask point, when i was interviewing students they told me they would put on a mask before they spoke to only in part to conceal their identity. when it comes to removing students from the encampment which the tents on campus are there, students threatening to be suspended and also in hamilton hall threatened to be expelled they do not want nypd on campus. when this happened on the 18th and students were arrested it revs up the protests. nypd around me right now have been outside the campus.

they've not been on site since we've been here. this school is trying to avoid any nypd behavior on campus but it's a question how they can remove those students without force. liz: $90,000 a year intuition which hope it is worth it. thank you very much and thank you to your camera crew. that's not an easy thing to cover. we appreciate it and we will continue to keep an eye on any new developments. in the meantime, fed chair jerome powell will be setting through hoops at this time as market watchers try to decipher every single word of his may press conference for hints ash whether a rate cut comes at any point this year, starting to look slim. former fed vice chairman is here to share his view on the economy and if he thinks the fed will cut rates once in 2,024. high interest rates meaning

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liz: apple is heating up the arms race by poaching staff from the competition but according to the financial times, apple targeted several of google's ai experts to hire as it reportedly works to build a lab in zürich, switzerland. analysts indicate apple has fallen behind the ai curve, shares dropped 10% this year. apple enthusiasm, shareholders helping -- hoping that is about to change, anticipation is very high, apple will have a big ai reveal of some sort and its annual worldwide developers conference on june 13th. every company rushes to

incorporate ai, the ira offerings help companies organize and automate their it and personnel operations ahead of the curve. it lapped apple and other ai stocks thanks to its fastest selling new ai product. what does that product to do an hour some script and trending? joining bna fox business exclusive is bill mcdermott. year over year, stock, salesforce and oracle would have something to say about what you are touting, this incredible product. it is a sense that, companies who by it. >> the number one generative ai use case in enterprise software is process optimization, every

business workflow, every enterprise in the world, with generative ai at its core. your viewers might be saying what does that do for me? for your employees and your customers, generative ai can deflect the rates of soul crushing work that humans used to have to do and improve and even double their productivity every month. software engineers have a 48% increase in the speed to innovation because they can use a natural language text and turn that into software code. it touches security, it touches how you summarize cases and great companies like ibm and novartis or microsoft are running with service and that's why we are the fastest growing one in the world.

liz: can i put you on soul crushing? giving an example of what would be soul crushing for some personnel, employee or an it guy? >> the good about a call center agent for example getting calls one after the other with customers who are unhappy or have questions or want a problem resolved and they don't actually have the information at their fingertips to help the customer but better yet, why don't we deflect 90% of the nonsense calls made in the first place and have a virtual agent solve that problem for the customer without human intervention and this is putting ai to work for people. technology needs to be in service to people. take a great company like novartis delivering new drugs, increasing the operational

efficiencies by streamlining clinical trials, it takes 61/2 years. what if we truncate that to 1.5 years? how many lives, if you have someone on a clinical trial it costs $20,000 a person for every person that bounces out of the trial so they can rethink research. they can rethink financial management. they can bring new cures to the world. this is a game changer. the way i look at it, you have the internet, the iphone moment when everything went mobile. everything is going to be generative ai at its core and we've been at this for 5 years teaming up with great companies like nvidia and others. that is why we are so far in front of the competition. liz: can i push you on subscriptions? you have an interesting subscription model. customers can add things on and

subtract things which is always welcome when it comes to enterprise. in the one:00 show, "the big money show," they had amazon cloud on and they were saying they are launching a new enterprise similar operation. it is pretty cutthroat. tell me how your subscriptions for ai are trending right now as of the last hour? i know you can see every tick of these sales. >> it is important to mention companies like amazon or aws which is there cloud computing arm or microsoft azure or google cloud platform. the work we do is streamlining the experiences across companies today. most companies have a mess on their hands, with half central technology built for departments but unfortunately, it doesn't integrate very well.

think of us as the clean pane of glass that resides about the mess and brings experiences to the world and we cooperate fully with the large scale, amazon being one of them, a great partner. we are like the best of both worlds because we are on the customer side and that is where the money is and that is why we are operating at the rule of 55 which is revenue growth plus free cash flow. they say your world-class at 40, we are 55 plus, more than any other enterprise software company in the world so we love focusing on innovation, customer success, and business outcome, and that is why our shareholders will be happy with service for a long-term. liz: they want to note, second course of script and sport, how are they trending? >> we are doing great, we just announced our quarterly results last week, we announced the triple play where we beat on the top line, beat on the

bottom line and raised our full-year guidance so we are feeling fantastic about our business, going to las vegas in early, in a couple weeks now, early may, may 6th is the financial analyst day, may 7th is customers, we've got comment from all over the world, 25, 30,000, half-million online, because they are lining up to understand how they can transform their business and put ai to work for people. liz: you don't want to step on lines ahead of the meeting but sounds like you will have big news about the subscriptions. thank you very much. >> thank you very much. liz: bill mcdermott, great to have you. as company's focus on ai, interest rates are front and center for business leaders. the federal reserve kicked off a full day policy meeting and jerome powell will reveal rates, it is expected that rates will stay unchanged for

the sixth time in a row. the the fed is in wait and see mode after inflation reported that start the year but tomorrow we will get indication of how strongly us economy is with april's national employment read, at margin job openings and labor turnover for the jolts report. right now probability the fed making its first rate cut has been pushed further down the calendar to september. it's not even 50%. yesterday it was. today it is 48% according to fed funds futures. as we countdown to the fed rate decision announcement tomorrow, could stubborn inflation be enough to postpone rate cuts this year? joining me is vice chair for supervision, randy quarrels, the cofounder and chairman. i know a couple months ago, june would be the first rate cut. care to amend that on our show?

>> if your member the expectations at the beginning of this year, folks out there saying 5 rate cuts over the course of this year, and our expectation has long been interest rates stay higher longer. the inflationary surge, two expectations that interest rates wouldn't go as high as in the past and wouldn't have to stay high as long, the first of those hypotheses has proved out. i don't believe interest rates have to go higher, they are plenty high to continue inflation. the second hypothesis is wrong, they have to stay higher longer. the effect will play out over the course of the next year but i don't think there is enough

time for the economic indicators to justify a rate cut. liz: the two year yield which tracks the fed's policy most closely pierced 5%. i have been checking. i didn't know if it was here at the moment but let me get our viewers up to the minute, 5.05%. translate that. what does that mean for interest rates? some people think there might be a rate hike by the end of this year. >> interest rate policy has been being affected. inflation is coming down. pce core inflation which the fed targets of all the various inflation measures has come down year over year into the last three months but at a very gradual rate. i do believe fed policy is going to be effective. it's going to be effective over

a somewhat longer period of time and put more pressure on both the economy and the financial system. ultimately, we are not in for anything like 1970s or 1980s where you have an extended period of high inflation and extended period. liz: more of a soft landing and when you talk about some pressure. when you put pressure on certain weak areas they do crumble, people have been watching regional banks. you were in charge of oversight for many of them at the fed. we want to talk about the fact that over the weekend, public first, this was original lender in pennsylvania that was shut down by the state's regulator, 5,000 banks in the country, some will fail, that is the free market, but do you have any flashing lights you see

with higher borrowing rates for longer? >> higher borrowing rates for longer and in particular the inverted yield curve that comes from robust fed policy to constraint inflation since they control short-term interest rates, that will invert the yield curve putting pressure on the financial sector. if you have institutions with highly mobile i/o -- liabilities. and regional banks, then any of that, with financial instability, institutions under pressure, likely to see more of that pressure play out in that sector. and interest-rate sensitive actors and liabilities.

and they are much less regulated. and interest-rate stay at this level for longer period of time. liz: talking about real estate. >> >> there's a lot of real estate credit, nearly half of all finance, and structured in the same way. liz: not as regulated. >> thank you have me on. leon randy will be watching, fox has enough coverage, it begins at 2:00 pm eastern. bird news conference begins at 2:thirty p.m. and the good stuff happens

where the financial media including fox business, pepper him with questions. we will have complete postgame analysis in the 3:00 pm eastern our because it spills over for all of our fed watches and we will have top guests. pfizer's ceo will be alive to react to the farm a giant's quarterly report, that is only on fox business, we have the latest on what happened to paramount after the bell and what goes forward with the entertainment giant. reachin. 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.

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♪. liz: okay, while we were in the commercial break we hit fresh session lows. the dow went down 5007 -- 507 points. paramount global are losing after exit of ceo bob bakish. charlie gasparino which suitor may be -- >> aren't investors enthused about this deal? common shareholders -- liz: who is out? >> we know who is out. bob bakish is out. liz: who is out as potential suitor. >> let's back up, what is likely

to happen, if you talk to people, two potential suiters to right now. skydance redbird you have to put them way up at the top and put apollo which is sort of hovering this is one thing you have to ask yourself, and this is the question i posed to investment bankers, people close to the deal itself, playing in this deal, if apollo is willing to put up 26 billion, isn't that the number they floated, something astronomical to buy out everybody, common shareholders, shari whole thing, done, why isn't it done? you have to ask yourself. either you don't think they have the money which i find that hard to believe. they have money, or, you just don't think that this, that deal will get through the biden administration or any administration's regulatory hurdles and i believe it's the latter and here's when i'm hearing. apollo apparently has saudi backers, you know, there is no doubt. shari redstone's people are

saying their initial proposal included some reference to pif, saudi investment fund, the big sovereign wealth fund. that negates the deal off, right off the bat. you bring in sony. well sony is a japanese company. now why does anybody care about foreign ownership? this is a huge bugaboo with regulators t has gone back even with republican administrations, they don't want media assets owned by foreign entities, they don't like it. cbs in the past was owned by a foreign entity. i could be wrong, go back in time. it is not something they like especially the biden administration with the saudis, verboten almost. so, they're saying, this deal just can't get through the way it is. you have to ask yourself if someone is giving you 26 billion for the whole enchilada, you

yesterday, signed it, got shareholders it is not being done because of that rule? keep that in mind. apollo is doubling down with sony they're saying. does that mean skydance redbird thing is going to happen? i can't tell you this is so complicated. it is going to be litigated and everything else but it looks like right now that's the only game in town. liz: well, may 3rd is the deadline, charlie, thank you. >> maybe apollo gets all sorts of money from americans we shall see. liz: we shall see. thank you very much. we're minutes away from big earnings reports. after the closing bell we'll hear from amazon, prudential, starbucks, supermicro computer, diamondback energy, clorox, skyworks, just to name a few. let's bring in b. riley wealth strategist, art hogan. you could buy. you're in there with paramount for 25 billion.

if apollo is doing 26. -- investors who are watching healed of these earnings? >> i think of that long illustrious list you went through amazon has the biggest opportunity to pull a rabbit out of its hat a couple ways. i think web services probably surprises to the upside. this the is first quarter we'll hear from the add supported prime video that will be up side surprise. if they talk about a dividend, if they were to roll that out it would be katy-bar-the-door. they have the opportunity to surprise the most. amd has opportunity to do better than expectations. expectations are pretty low for amd. they're more like intel than nvidia right now, trading at non-challenging forward multiple and could have a lot better things to say that intel. intel loss is may be amd's gain. of the half a dozen out there, those are two likely opportunity to give us upside surprise.

liz: amazon down 2.6%. it is kind of spinning around. i'm watching a very fast chart here. art, we have just about 40 seconds left. the federal reserve talks tomorrow what may happen at least until the end of 2024. what is your best guess on a rate cut or a rate hike? >> i am guessing we'll have a rate cut, in september, latest. anticipation will be worse than the delivery civil of the message. i think we'll see enough incremental data on inflation before the september meeting. fed is too restrictive at five 1/2. [closing bell rings] liz: art hogan, my friend, b. riley, thank you very much. look at the dow down 564. tomorrow we're all over the fed. you can't miss us. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all right, you've got pro-terrorist anti-semitic mob