as those warm bodies are replaced by a i, it's hitting of the labor force right now like a tsunami. don't forget the robots coming for a long time. in south korea, germany, japan, china, what they have in common is big manufacturing economies. if you think a perfect world comes with robots and ai, that's fine but i think we need to do things, conquer things, not just beating creatures in a video game. there's been a decline of folks who want to work, look at how many people think they won't worked past 62. you are going to work, we are starting to have kids again and that is fantastic as i hand it to ashley webster in for liz claman.

ashley: no robot could ever replace charles payne. thank you very much. good to see you. time to crank up the duke box.. bad news is good news onp and nasdaq trading at all-time highs, up to the consumer price index, lighter than expected. we are on record watch for all three major averages, the dow needs to close 249 points to make history. it is on course, up 274. the s&p has had an intraday high, finishing 7.7 points to set a new mark, 53. 49. any game for the nasdaq will be a second straight, it is up 250 points.

the green on screens likely on rate cut hopes, the april cpi more than expected month over month with annual expectations, poor cpi met expectations coming in at 3. 6, the smallest annual cpi growth in three years and the slowing economic picture retail sales for april coming in/month over month after wall street was expecting a 0.4% rise. neil cashcari says americans are spending more than he expected. rates probably need to see where they are until more inflation data is considered. hope of a rate cut in september, 73% jump with fed funds.

looking at stocks moving the markets. one of the big losers of the trading session, update near the bottom of the year. 1.66%. and the aerospace giant facing claims of the justice department that violated a 2021 settlement related to its three settle crashes and that's the company to potential us prosecution. the company as we know, bad headlines pushing the stock down 30% year to date, so much to cover as always. that gets straight to the floor show. global investment senior p.m. brian cronkite and brian jacobson. thank you for being here. brian and brian, make sure i won't mix that up. let me begin with you.

is the fed in danger of creating not a hard landing but a soft landing, holding rates where they are. >> reporter: thanks for having me on with my good friend. it is great to be here. i think the fed has an opportunity to seize defeat from the jaws of victory if they try to hold rates higher longer, already seeing evidence of delinquencies, pandemic savings being spent, retail sales numbers less than spectacular. president cashcari said that consumers were spending more than what he would hope. there is definitely signs of weakening of the economy. things have gone from great to good but rarely stop at good.

ashley: jerome powell focused more on employer and then inflation. >> employment is the disease that causes a symptom of inflation. in my mind, being proactive in the next action is closing with every success. my concern is the fed's focus must be on solving inflation by triggering a fixed the inflation situation and we will stay higher longer and say more restricted, closer to pushing the economy into recession. the market rally in on this might be a mistake. ashley: you say you are a tepid bull, i like that expression, halfway in and halfway out. how does that translate, and where are they looking.

>> quality, to quantitative stuff like quality. and but they were able to improve those. and brian is an expert on. does the balance sheet help, lower leverage. have they been able to take advantage of low rates and not really finance at these punitive high rates. in terms of capitalization looking at big in terms of industries and even in technology. ashley: brian mentioned quality. you say it is about quality and momentum. the question to you is where do investors find them right now? >> a few important

characteristics. what's the competitive advantage of the business, stable cash flow through whatever happens. going back, what is the condition of the company? a lot of things thrown at us. whether the economy, interest rates or geopolitics. company management teams we invest in, how they use their capital. owning companies, the best way to navigate through the challenges you are going to see. opportunities from consumer staple space, and energy industrials and materials as well. ashley: brian mentioned consumers. do you worry about the consumer? mortgage delinquencies starting to rise, are they under pressure?

>> the top 20% of american households represent 40% of us consumer spending, they are in pretty good shape. the average ratio is 8% because very few of them have mortgages. the higher end consumer has been doing the heavy lifting. the other 80% have been feeling the pain. in a way we are concerned about the health of consumers in general, the retails data supports that. if that's the beginning of a trend. ashley: glad you could get together again on fox business. appreciate your input today. moving on, breaking news, israeli soldiers battling hamas terrorists in southern gaza,

defense forces making progress, surrounding infrastructure out eastern rafah. they began targeting operations on how mass trading ground and close quarters combat, with large amounts of weapons and equipment. the white house pushes a $1 billion arms deal for israel despite ongoing tensions between president biden and benjamin netanyahu. that is really p.m. said he welcomed any assistance from the us. the pentagon is focusing on a new frontier in modern warfare. artificial intelligence. fox news correspondent jennifer griffin joins us from the pentagon with more on this interesting subject. >> the us is leading in the world in terms of writing software and using ai on the battlefield because the us is

still the leading software manufacturer in the world but that competitive advantage could be lost if the us does not prevent russia and china from catching up. we went to the second annual ai convention and side demonstrations of how the modern battlefield is changing. >> the problem is it is either we own ai or china and russia own ai and our adversaries have a long tradition of being not interested in rule of law or fairness or human rights. on the battlefield it is us or them. they have to dominate and set a rule of law to constrain development. first you have to actually dominate which we did in the post-world war ii period with nuclear warheads. >> reporter: he is the ceo and founder of palantir, used in ukraine and across the middle

east, this simulation shows how ai helps find a various cargo ship in busy ceilings in the strait of hormuz or the pacific taking a fictional intelligence tip from south korea, commercial satellite information, weather and past patterns of behavior of all these ships a target or can quickly locate the enemy ship. >> when we think about the indo pacific, analysts say it's about scale. you will need machine learning and in this process faster, and how you can action those because it's not going to be at a pace you have one person with one target at all times. >> reporter: shannon clark says this targeting technology would help shorten the war in iraq and afghanistan. another defense tech manufacturer showed us software

that can smooth out supply-chain bottlenecks, palantir has mixed reality head sets showing the war fighter and the general sitting at the pentagon simultaneously with the -- when ammunition is available in which air platforms are available to take out a target. the us has the advantage but can it keep it? ashley: that's the question, fascinating stuff. appreciate that report. a new survey from acorns shows americans are concerned how global war and conflict could impact their security. acorn's ceo will tell us how your financial security can start with one seed. we have more on the survey and his tips next. fintech innovation is a nearly 30% over the last we 6 months. not bad. "the claman countdown" coming right back.

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ashley: a concerning statistic emerging by acorn, and 18 and older. gently and millennial's, worry their finances could lead them to homelessness. and inflation and death are financial stresses, acorn which is a savings and investing apps that helps investors build a diversified portfolio of etfs since 2017. the chairman and ceo joins us

now in a fox business exclusive. that's impressive that 1/3 of younger people are concerned about their finances that it could lead to homelessness. >> my reaction it is it is very scary and shocking and it's 1/4 of the country. that is why we created acorn which is to put responsible tools in everybody else's hands and make it easy to save and invest for times like this when there's a lot of fear and anxiety in the world. ashley: they are worried about making their rent and afford groceries. how do you tell someone like that we put x percentage away, it's going to grow, they don't have that ability. >> it starts with spare change, in your pocket, in your cupholder, in your couch. we make it easy to invest spare change and small amounts of

money, putting that money into a diversified portfolio so it can develop into the power of compounding and not trade out of market, stick with it, stay committed and change the future for the better. ashley: you have to change people's behavior. you have to forgo the pricey starbucks coffee in the morning or make your lunch at home, not the restaurants in town during the lunch break. it takes a lot of discipline, does it not? >> it does but we make it easy. one of the things we found in the study is 84% of acorn customers are more secure about their financial future than 25% of the rest of the population. it's a combination of the focus on education. we provide lot of knowledge and they get more confident and putting tools of wealth making everybody's hand making sure they have products to invest in

themselves to invest in retirement and their kids under learning product that allows you to grow small amounts of money by shopping with the brands you love, and it's a nice way to gather extra money in other ways and not just their own spare change. you can gather money from other sources. ashley: you are in an increasingly crowded field. how do you set your self apart? it is difficult. there is a lot of competition. >> we set ourselves the responsibility of wealth making and getting them everyone's hands. we don't offer trading acorns. this is about investing slowly and regularly benefiting from dollar cost averaging, making sure we put in products, one of the product i love best is acorn early which is kids investing account that parents can invest in their kids beginning as early as birth and a powerful statistic is you invest $5 a day into your kids

at birth and that carries through to retirement, you will have $4 million by retirement. a lot of this conversation around how to solve the retirement tech epidemic in america, every parent invested $5 a day in their kids starting today that would be a big contributor to solving that problem. ashley: it certainly would. how is business right now? how are you doing? how are things going? >> we help every day americans and families invest $20 billion and remember that small amount of money, $5 a day, spare change, not like million-dollar investments. that's really exciting and continues to grow very rapidly. we've served a 13 million americans to date so we will keep doing what we are doing, bringing people, in the financial future. in the middle of this anxiety,

anxieties about war, ai, homelessness, it's a place you are in control and you can make a better future taking small steps and actions. ashley: do you have counselor or advisor available for people who are struggling a little? >> that's what acorn did. automated all the assets of human advice but you can't scale it. we've taken the scale, address the scale problem by automating services and products and taking it out of the hands of humans of which there are just not enough. ashley: we have to leave it there but thank you for taking time to join us. it continues to grow and more people can begin to save. thank you very much.

if you build it they will come as the saying goes. the manufactory is building housing to attract new workers desperately needed to grow the business. it has come to that. a live report from the magnolia state next. plus celebrity chef david burke talks about inflation burning up food prices that are coming down. the advisor shares, eatthe, up 19%. over the last 6 months, that is quick, we will be right back.

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ashley: the affordable hello housing lack is a concern for major businesses. the homebuilder sentiment index fell in expectedly today.

national association of home. housing market dipping for the first time since november. an issue that one mississippi businessman has decided to tackle head on, president and coo of homework corporation planning to build his own housing develop into attract workers who are needed to grow his forklift manufacturing business. kelly is in bay springs, mississippi with more on this uplifting security. >> reporter: it's a massive undertaking but that is what you need to do with constant economic issues that businesses in small-town america have been facing. the owner is getting creative. jimmy holder's dad opened the home act in 1963. everything from garbage trucks to forklift under multiple

plants. he dealt with supply chains issues and increased cost of raw materials. 's newest issue, housing. do you think your dad would've imagined how is complete with dabbling president of construction? >> a showcase when people come here. >> reporter: it requires educated well trained and specialized talent. that means looking far and wide for people who can do the job. >> it's a big deal when you change jobs, stressful for a lot of people and need them to be comfortable. >> reporter: new employees cannot relocate to this small town with lack of available homes. holder decided to buy a 30 acre plot of land with plans to build homes for employees to purchase. the closest cities anywhere from 50 to 70 miles away, that is a one hour commute to bay springs. >> we won't spend an hour

driving, and spend it on the property. >> reporter: prospect of worker turned down an employment offer thanks to higher mortgage rates. >> an increase and don't have more money in their pocket. that is a big issue. >> reporter: high interest rates and less home construction, new home construction not just affecting the retention rate and recruiting here, take this forklift, industries like construction, forklift like this and machinery home back makes and fewer homes being built, less orders for this machinery which is at the heart of it. ashley: you look like a natural binder forklift truck so you may not be coming back from mississippi. they may make you an offer you

can't refuse. thank you so much. fox business alert. the sun going down on sun power after 59% surge yesterday when the white house announced increased tariffs on certain solar products from china but they downgraded the stock to underperform saying some power, sun powers the most extreme example of the meme stock resurgence in the cleantech sector, stock down 27%. dell meanwhile surging after morgan stanley raised its price target on the stock, 128. the bank saying the computermakers gaining momentum with enterprise clients including those with ai server demand. netflix says it will stream two nfl games on christmas day this year as part of a 3 season agreement, netflix will stream

on christmas day in 2026. the deal marks the first time the streamer has licensed the rights to the world's biggest sports leaves and also the first time it would show live football. monday.com reported first-quarter earnings and revenue that topped estimates, the revenue guidance topping estimates to stock up an impressive 20%. food inflation coming down according to the latest cpi report but the cost of getting food from the grocery store has gone up. how does this affect small businesses that make up the restaurant industry? celebrity chef david burke has been featured on i am chef america and top chef masters, he knows how to handle the heat. is walking the hallway and will join us next. starting next week, the fox

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ashley: let's look at restaurant stocks. a mixed bag, darden and bj's higher but others moving lower. the consumer price index report this morning revealed food inflation a mixed picture in april. year over year, beef prices higher by 7%. seafood down 0.1%. vegetables up 2. 3%, sugar way up, 4.3%.

cheese, 3.3%, egg prices which many feared would see huge uptick because of the rising cases of bird flew dropped 9%. that's a nice surprise. i want to bring in top celebrity chef featured on i am chef america, this man can cook. he also owns 18 restaurants across new york, new jersey, north carolina and saudi arabia, all over the place. easier not fox business exclusive. david burke hospitality management president, the man himself, david burke. thank you for being here. i want to talk about inflation. have you seen prices ease back a little bit in your experience? >> on some items yes, some are seasonal. fish prices have come down a little bit. meet prices are still high.

egg prices dropped a little bit. dairy is still high. milk and butter prices are high. some things like cooking oil and condiments and seasonings and herbs and produce sneak up on you. looking at the price of beef which is sky high, pork is pretty good but vegetables and fruits and things, that catches up with us because lemons are up. produce is up. onions have doubled. those little things sneak up on us because we use a lot of them. ashley: that will make you cry. what about operating costs? something we hear from many business owners and small business owners especially, wages. the cost of labor, lack of

labor available. are you still struggling with that aspect of the operation? >> it is the number one problem, controlling labor costs. there are employees out there, commanding top dollar. there's lots of turnover and benefits associated depending on whether you are sitting on the suburb is so labor and training, training, losing an employee, a lot of money put into training and the restaurant industry, and this isn't like tv. it is hard work, on your feet a lot. it is demanding and very joyous and a lot of satisfaction if you like what you do. starting to get better since the pandemic is over, getting

people, wages are going down, the minimum wage has continued to climb in different cities. we don't have a lot of minimum wage workers. wages and benefits and spread of ours and ptos. ashley: you are absolutely right. have you noticed any consumer trends, are there any trends you picked up on? has foot traffic gone down? are people eating less? >> there's more corporate dining. large parties where they use corporate expense card as opposed to family money. in cornelius, north carolina, a sports bar, family restaurant,

pizzas and salads moderately priced, high rollers eating there with families and a line out the door, 2 weeks old because the price point is a quality stamp on it. fine casual dining, we see a lot of delivery where instead of going out once a week, 3 times a month or once every two weeks for the hundred dollar restaurants in new jersey or new york. we see a drop in the big bottles of wine sales, higher priced sales. ashley: your restaurants are more high scale. almost every day we hear about the chain restaurants either going out of business, red lobster and applebee's and tgi fridays, all these chain

restaurants that are closing across the country. are you surprised by that trend? what is your take? >> labor is one of the issues, the lack of menu diversity or healthy options on some of those. the fact a lot of people are eating and some in restaurants can also go and deliver the food to their home but some of those larger chains are, their vibe is changed, not necessarily the demographic that wants to go into that. ashley: you are feeling the vibe but. thank you so much for chatting with us today and continued success with your all-star cooking. coming up next. charlie gasparino likes some high scale dining and has the

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ashley: the closing bell ringing in just about, just under 10 minutes from now. guess what? the dow just hit a record intraday high, right now up 321 points. all three major averages are on pace to clock record closes. the s&p 500 topping 5300 and it will be the second record close in a row for the nasdaq which is also up 228 points. with that rally, we're seeing, it is extending to the crypto sector as well. bitcoin, ethereum, litecoin, look at that all up. bitcoin up $4400, at $66,042. meanwhile shares of paramount also on the rise this hour following a brief dip tuesday on a report that sony is currently reconsidering its joint

26 billion-dollar bid with p-e firm apollo global. so what is going on? tell you what, charlie gasparino has been reporting on the zone any apollo deal all along. he says likely because of regulatory concerns. joining us the man himself. charlie gasparino. >> it was an odd report out of cnbc, that apollo and sony was reconsidering. it is odd because they were always reconsidering. the writing on the wall from day one that deal was not getting through. over the weekend on sunday i believe i reported that the odds from the bankers working on the deal was that only if trump got elected would the zone any deal have a 50-50 trump getting through the regulatory apparatus , justice department, sen, because of foreign aspect of sony. it is a japanese conglomerate, media conglomerate.

apollo gets money from the saudis, whatever they have to be is u.s. money. you can't have foreign owner inshould have u.s. media companies, according to the regulatory cops, something like this paramount in particular. i reported that on sunday. lo and behold monday they came out overat cnbc be said looks like they're reconsidering. the bottom line they were always reconsidering. it was a tough lift. the question is does that mean there will be a deal? the only possible deal i think right now is the, is the skydance deal which is very convoluted. you know, a complete mish-mosh of like, you, reverse merging. i actually wrote a whole piece on it in the, in the groundwork where this thing might be going. it might. it is a good chance it wilhappe. shari redstone likes the deal because it puts $2 billion in her pocket under the complex

structure but under this complex structure, ashley, not a lot of money flows to common shareholders. it is a bet to common shareholders that this thing might work with skydance and redbird running it. david ellison at skydance a movie production companies grows with paramount. people at jeff bird, jeff shell, particularly jeff zucker, running the network, cbs in particular. you will have to bet there. maybe they pay down some debt which helps common shareholders you know there is a growing consensus there is very likelihood if you listen to rich green field, he will tell you, saying this since day one, i reported this at milkin, nothing will happen. it will just say the way it is now run by three dudes. don't ask me their names, i don't know them. but it is not bob bakish, because he was the ceo got fired for these three guys. i think they call it the hydra headed monster something along

those lines. in my column at post, i referred to them if they don't get the stock up possibly known as the three stooges. take it for what it is worth. we should point out here is why this is such a fraught situation for shareholders, paramount program something getting killed by cord-cutting. a lot of it is out of date. no matter who buys what they will have to sell some stuff. they made a huge bet on streaming. it is not making any money. they folded showtime which was a premium brand which was paramount plus. showtime for all practical purposes doesn't exist. they could have sold it as a network. showtime had programing like dexter, full disclosure, my wife used to work for showtime. so it is a mess over there. the movie studio is worth something. they have a library. you and you know, that's where

we are right now. there are a, not a lot of great choices here but if they don't do something -- ashley: same as you are. >> if they don't do something this is known as a melting ice cube. back to you, ashley. ashley: that is a good way of bringing it. charlie gasparino bringing the heat, melting the ice cube. >> any time, ashley. ashley: a few hours from walmart earnings reporting after the opening bell tomorrow. increase of 6.8% from same period last year. revenue of 159.5 billion would be a 4.7% bump. for the last 10 years walmart has been america's biggest company in terms of revenue. it reported $648 billion of revenue but amazon nipping at its heels. the retail giant post 5,075,000,000,000 last year and posting bigger revenue growth. our "countdown" closer, says you

know what, amazon's stock is ripe for the taking. joining us is magnet investing insights founder jordan kimmel. great to see you. you still think there is still room to run own amazon? it is a remarkable company, you would buy it at this price? >> great to be here with you, ash. we have it in our accounts right now, so the answer is yes and there is nothing like a new high and high relative strength for us. what we like, ash, as you know, it has got to be revenue growth. that is probably one of the companies with the least revenue growth because of the amount of, sheer size of it. but yeah, it is in our portfolio, as are a bunch of other healthy companies. we insist on healthy companies in our portfolio. ashley: yes, you say it is time to pay less attention to the fed. do your spring cleaning. we always hear the expression, jordan, buy in may, walk away, whatever it is. do you believe that's what you should do this time around or

not? >> no, not what i'm saying at all, ashley. spring cleaning means pull out the weeds and water the things growing the best. we have a tendency as human beings not to admit to mistakes and average down into companies disappointing us. my whole approach is value, growth and momentum t has to have all three. so what i mean by spring cleaning, get the stuff out of your portfolio that is disappointing you, and for some reason it is not meeting up to your expectations but no, we're not selling right now and we're close to fully, you know, invested frankly in top, top companies. ashley: so you're note that concerned about the fed you know? i mean so much, it is all this hand-wringing over when and how many cuts will we see this year. the markets have done fine with those rates being higher for longer if you like but, you know, is that something you follow dale hi or just get on with your business? >> you know, what it is, more important to me, ash, is the

advance-decline line, number of new highs, new lows. make sure we have a healthy environment. frankly a 5% return in safe money is where the market used to be. you go to the stock market for 10% if you had an edge maybe you can do 15. but forget the fed. we talk about six cuts, this cut, that cut, i'm more in tune with top companies isolating intraindustry the top revenue growth, the top margin growth, buying them at a discount. ashley: very quickly, jordan, i have to give you a shoutout. we were looking at out records. in february of 2023 you were on the show. you recommended smci, supermicro computer. at the time it was around 92 bucks. now look at it, 952 bucks. that is impressive. did you have another name for us that might be able to do that? >> well you know what? let me say broadcom is in that

category of certainly thousand dollar stock. med, med pay which i handed in earlier, it is a company that helps biotechs and pharmaceuticals to do their testing in their business. it is really emerging out of a great base but i can't take credit for smci. that was my model, ash. the model picked it. i give a credit to model and team that helped me build it with you. ashley: very valiant of you, jordan kimmel, great stuff. always great to see you. great information. yes, we're dropping the confetti, the market closing just about 20 seconds from now. look at that, a new record chose for the dow. [closing bell rings] the dow up 342. record close for the s&p, and nasdaq. my goodness, all sorts of records breaking today. thanks for joining us. larry kudlow is next. ♪. larry: hello, folks, welcome did "kudlow," i'm larry kudlow