it was clear for some time that liz truss was i for some time that liz truss was going to win. so we have known what the top level cabinet looks like. home secretary expected to be suella braverman. in light of that in the last 15 minutes or so, a letter to the current prime minister boris johnson from priti patel, the current home secretary, saying she will resign, she will return to the backbenches when borisjohnson resigns as prime minister in front of the queen tomorrow. she is crucially still the home secretary denied, she will return to the backbenches tomorrow knowing she wasn't going to be able to keep hold of that job wasn't going to be able to keep hold of thatjob under a liz truss administration. perhaps more to come in the hours ahead as far as resignations are concerned. when we see the shape — resignations are concerned. when we see the shape of— resignations are concerned. when we see the shape of the _ resignations are concerned. when we see the shape of the new _ resignations are concerned. when we see the shape of the new team, - resignations are concerned

liz truss-_ of liz truss. i have been in this street many — of liz truss. i have been in this street many times _ of liz truss. i have been in this street many times over - of liz truss. i have been in this street many times over the - of liz truss. i have been in this i street many times over the years, and for many dramatic events, but i have not been here in a rainstorm. it presents its own challenges, not just for politicians involved, which is understandable, but for the media, as well, because rain is the enemy of our cabling and communications so if something happens you will know what is to blame. , , �* ., , blame. yes. i remember when boris johnson took — blame. yes. i remember when boris johnson took over _ blame. yes. i remember when boris johnson took over it _ blame. yes. i remember when boris johnson took over it was _ blame. yes. i remember when boris johnson took over it was one - blame. yes. i remember when boris johnson took over it was one of- blame. yes. i remember when boris johnson

what will that tell us about liz truss and her plans? we know a about liz truss and her plans? - know a few of the names at the top of the cabinet, kwasi kwarteng moving into number 11, suella braverman will be the home secretary, james cleverley will be the new foreign secretary. but looking at a lot of the names on the other cabinetjobs, a lot of them are liz truss loyalist, people who have backed liz truss over the past few weeks throughout the contest. i think that is raising some concern within certain parts of the conservative party. speaking to tory mps, a lot of them are urging unity, they are urging her to bring different parts of the party around the cabinet table to show that she wants to govern for the whole party. interesting when you look at the results from yesterday. yes it was a comfortable victory for liz truss, but the percentage she got the conservative membership vote was the lowest percentage since 2001, when tory members were given the final say. speaking to some conservative mps, i think they are slightly worried that liz truss might repeat what they see

liz claman, over to you. liz: well, i'm wearing the righa deep oberchene. life obsis too short to be unha. charles, thank you. we'll kick off the final hour of trade on this thursday afternoon by looking at second day of selling out of the past three sessions. at this hour, you can say the session is not exactly at a kind of trying to drink from a fire hose state. it's pretty orderly but the dow jones industrial is losing 102 points and tried to make a go of it in the green about an hour and a half ago. no so much now. we have s&p down 35 and nasdaq losing another 142 points and russell down 8 points but look where the s&p is right now. when i say right now, i mean the level. at 3,908, 3908, we're not all the way down to the june lows, which you see in the year-to-date picture but the s&p about 700 points lower than where it stood in march. even with the dow jones industrials trying to punch into the green, not quite making it but at the moment down just about 130 points or half a percent, the gravitational pull for much of the entire week has been to the d

liz: great. let's hope people get tax returns that have a bit of a check in there and they can spend at your restaurant. what kind of cost challenges are you facing as you build out? >> well, first of all, liz, that restaurant in las vegas we signed that deal over a year and a half ago, it takes a listening time to build these restaurants. these are -- lot of these are prior commitments we've had prior to the situation we're in today but, you know, we -- a we had a few restaurants scheduled to open this year that moved into next year and less capital expense this year than planned and we're positioned pretty well for next year and we've curtailed our development plans a little bit in '23 and '24 especially with the rising interest costs and pay down a little more debt over time versus build more restaurants, but we've still got a pretty aggressive plate in development and, you know, this will pass eventually. liz: yeah, of course. but you just made a great point and that is that inflation was not

let's look at the i options in front of liz cox. -- liz options in front of liz cox. —— liz truss. energy analyst david coxjoins me now. he's the ceo of london energy consulting. to think a price freeze is the way forward. ? , ~ , to think a price freeze is the way forward. ? , ,, , , ., forward.? yes, i think it is but all solutions to _ forward.? yes, i think it is but all solutions to help _ forward.? yes, i think it is but all solutions to help consumers - forward.? yes, i think it is but all solutions to help consumers getl solutions to help consumers get through the screen went ahead are going to be very expensive. the price cap, freezing the price cap allows everyone to know roughly their bill will be £2000 for the coming months or years and they can take account of that. the government probably will need to do more in terms of targeting some help at the poorer sections of society as well, but i think freezing the price cap, which has been, as you say, recommended by the labour party, by scottishpower and other energy companies seems a straightforward solution, there was a

liz? liz: connell, thank you very much. fox market alert, let's take a look at the moment and see exactly what's happening. it's about half hour into the final hour of trade, and here we go at least we're above 30,000 for the dow jones industrials, down 1%, or 367 points. the s&p now even more, shall i say, comfortably below 3900? no. 3,851 is where the s&p stands. the nasdaq is down 1% or # 16 points lost -- 116 points lost at the moment. beyond meat's stock hit a record low after the company's coo, doug ramsey, was arrested saturday for allegedly biting a man's nose. the incident happened in an arkansas parking garage following the university of arkansas/missouri state football game. according to the police report, a subaru made contact with the front tire of ramsey's car in the lot. then the coo punched through the back windshield of the subaru. the car's owner then got out at which point ramsey start allegedly punching him and then bit his nose which, according to the police report, ended up with ramsey ripping, quote,

liz. liz: grady trimble, thank you. it has an interesting dove tail here. uber eats going all electric. robots taking another major step to delivering your food as autonomous delivery vehicle company neuro announcing today it has teamed up with uber eats for the next ten years. its founder and president here in moments to tell us how it all works that you're going to get your food delivered by that little thing. it's a fox business exclusive. closing bell, we're about 41 minutes away from hearing those bells ring. the dow increasing its gains up about 94 points and s&p 13 and nasdaq better by 27. we are coming right back, don't go away. ♪ liz: uber shares, we take a look at those? yes, they're getting about a one and third percent jolt on news break today. they awe nounsed a decade long partnership with neuro robotics to continue driving forward into the autonomous delivery space. starting this fall, americans in houston, texas, and mountain view, california, will have the option to get their uber eats orders delivered by one of neuro's autonomous ev vehi

liz truss under liz truss's premiership. truss has had under liz truss's premiership. l2 truss has had some weeks to decide on her top team and how to keep promises to deliver. now, she is the prime minister. the country is waiting to see what she has planned. helen catt, bbc news, westminster. so, what happens next? we know liz truss will return to downing street and is expected to deliver her first speech this afternoon. following that, its expected the new prime minister will start appointing her cabinet ahead of her first pmqs on wednesday. our political correspondent nick eardley is here. nick, she will be here in the middle of the afternoon facing some of the most daunting challenges that any new parameter in recent times has faced? �* ., . ., . ,, faced? and not much time to address them, ben. — faced? and not much time to address them, ben. when _ faced? and not much time to address them, ben. when she _ faced? and not much time to address them, ben. when she arrives - faced? and not much time to address them, ben. when she arrives back i them, ben. when sh

liz. liz: grady trimble. thank you so much. joining us now, congressman french hill from house financial services along with economist nick loris of c3 solutions. congressman, your reaction to janet yellen. it sounds like she wants to wipe out tens of millions of u.s. jobs. is it to churilous to say she didn't skype or zoom the speech, she flew there? >> liz, it is depressing because janet yellen had a distinguished career in macroeconomics. she is the former chair of the federal reserve board and she is absolutely spewing nonsense in her speech at detroit. it is completely unrealistic to say what she said and it is misleading to the american people to think that we can snap our fingers and go from our important use of fossil fuels to renewable energy. she is completely wrong about it. i know she knows better than that. she knows this is an evolution airy process that has to be driven by the market, not a radical revolutionary process done in the salons of brooklyn. liz: too, what the congressman is saying, nick, this phrase is

i have known liz for over 20 years and i know _ known liz for over 20 years and i know she — known liz for over 20 years and i know she is _ known liz for over 20 years and i know she is absolutely committed to the service _ know she is absolutely committed to the service of her country, the service — the service of her country, the service of— the service of her country, the service of her constituents, and as you outline, — service of her constituents, and as you outline, huge numbers of really massive _ you outline, huge numbers of really massive issues in the inbox, and i think— massive issues in the inbox, and i think she — massive issues in the inbox, and i think she will make it crystal clear that she _ think she will make it crystal clear that she starts work straightaway, and that _ that she starts work straightaway, and that she will be working for the british— and that she will be working for the british people. and that she will be working for the british maple-— british people. mel, a final point to ou, british people. mel, a final point to you. given _ briti

—— liz truss. as she heads towards the election in 202a, how he fits campaign i guess will be something she is thinking about. it campaign i guess will be something she is thinking about.— she is thinking about. it not trivial detail _ she is thinking about. it not trivial detail for _ she is thinking about. it not trivial detail for liz truss i she is thinking about. it not i trivial detail for liz truss right to the end ofjohnson time in downing street stuck with them. she wasn't one of the cabinet ministers so that said johnson should go. she mentioned to the first thing her speech today within the very first sentence was about him. she described _ sentence was about him. she described him _ sentence was about him. she described him as _ sentence was about him. she described him as a _ sentence was about him. me: described him as a friend. during the leadership contest she paid tribute to him many times and often those comments which he paid tribute tojohnson were some of the biggest rounds of

liz: all right. okay. listen, we have so much happening at the moment, we are now on track for the sixth biggest loss for the dow, point loss in the dow's history so sarge, quincy, thank you very much. right now shares of twitter, we cannot ignore that story. they are falling -- can i see at the moment, 4%. no, they're high. twitter is up about six tenths of a percent. that is a reversal, folks, at this hour following two big breaking news events for the company. first twitter shareholders approved the social media platforms $44 billion sale to elon musk. the outcome will of course still rest in next month's court battle in the delaware chancery court and peter z atco -- zatco's speech next month. >> twitter has its own board of directors and twitter leadership ignored engineers because key parts of leadership lacked the competency to understand the scope of the problem. but more importantly their executive incentives led them to prioritize profits over security. liz: let's bring in charlie gasparino. char

liz: always. as we watch all of these numbers, i'm pretty surprised, chars, i don't know about you, but the key number at this hour is 4. it's the dow s&p and nasdaq closing higher, each will have strung together another bead on the win streak necklace making it four straight upside sessions. last time we saw that, early july so where is the optimism soming from as we kick off the final hour of trade? kind of everywhere. i mean, look at this, all 11 s&p sectors in the green just like back on friday. everything higher, the only difference is friday it was tech and consumer staples that led the charge. right now we have energy grabbing the spotlight followed by consumer cyclicals, healthcare and real estate. interesting. no doubt a weakening dollar is helping to improve the outlook for equities after a blistering run to a two decade high against the euro, yen, pound, sterling and greenback fever broke friday after the european central bank for the first time ever and really significant, raised inter

liz: gregg, congratulations to the whole wolfspeed team. >> bye, liz. liz: wolfspeed jumping 2.5% and the housing market crumbling or shaking a little bit but the count down closer flipping the script on real estate investing. he's got the etf that he says you could cash in on if you believe that the housing market not only is correcting, it could be facing a real fall. nine minutes before the closing bell rings. dow up a clean 400 points. stay tuned, we're coming right back. ♪ liz: four minutes to go. as you look at the markets and these gains, what we are seeing for the major averages for the week is they will close up more than 2% for this week. the nasdaq is up 4.25%. the s&p jumped 146 points for the week. the dow is up 2.7%. we are about to break a losing streak for the majors. with the market now pricing in at this moment at 90% probability of a .75 basis point increase. we'll tell you what to bet against. joining us now. david cuplo. david, you have an etf you say is a perfect short right now because of something you are seeing on the landscap

truss's— done in some way, but now liz truss's team and a liz truss is clear— truss's team and a liz truss is clear that _ truss's team and a liz truss is clear that there will be some form of intervention coming as well in that i_ of intervention coming as well in that i speak to the scale of the crisis _ that i speak to the scale of the crisis we — that i speak to the scale of the crisis we are facing at the moment. as you _ crisis we are facing at the moment. as you talk— crisis we are facing at the moment. as you talk about the pandemic, thinking back to some of the internal battles borisjohnson had getting certain policy positions are on the pandemic. despite having an 80 seat majority, he had to persuade sections of his party sometimes come with him on covid policy. do you think liz truss as a new prime minister has party management issues still or whatever she decides, she will be up to get it to request but i think having kwasi kwarteng come in as chancellor is expected is a good move for her, we expect him to push through key economic measures. she will have some party m

liz truss will take over. she becomes britain's third female prime minister and says she has a bold plan to deal with the cost-of-living crisis. >> i will deliver with the energy crisis and dealing with energy bills but dealing with the long-term issues we have on energy supply. >> fuel bills go up and the opposition party says the conservatives are out of ideas. >> there are up to 12 years of the tory government. law and order completely broken down. >> we will learn more about the new cabinet but we know one change already. home secretary -- will step down as soon as a new home secretary is appointed. ♪ russ: let's continue our coverage at the conservative party's decision to choose liz truss as their new leader to replace boris johnson. in turn, she will become the new prime minister of the new u.k. and she is the fourth prime minister in six years and the country's third female head of government. there have been questions about how the process works. one of you said because all of the cabinet need to se

liz. oil and gas companies will stop liz truss— oil and gas companies will stop liz truss doesn't _ oil and gas companies will stop liz truss doesn't have _ oil and gas companies will stop liz truss doesn't have to _ oil and gas companies will stop liz truss doesn't have to spend - oil and gas companies will stop liz truss doesn't have to spend time i truss doesn't have to spend time asking _ truss doesn't have to spend time asking civil— truss doesn't have to spend time asking civil servants _ truss doesn't have to spend time asking civil servants what - truss doesn't have to spend time asking civil servants what to - truss doesn't have to spend time asking civil servants what to do. i asking civil servants what to do. there _ asking civil servants what to do. there is— asking civil servants what to do. there is a — asking civil servants what to do. there is a fully _ asking civil servants what to do. there is a fully costed _ asking civil servants what to do. there is a fully cos

. >> thank you so much, liz. liz: the flying bed. great, then you can do your workouts and dancing to disco. from spiking rent to the cost of eggs, which were already sky high thanks to inflation, now chicken farmers are facing a deadly new problem that's scrambling production of your favorite breakfast food and could leave your wallet henpecked. a live report on this, very important and 37 minutes before the bell rings and s&p still in the red by 17 and nasdaq lower by 112 and russell losing 36 points and that's the loss leader as far as percentages and lost point. we're coming right back. ♪ liz: breaking news, cano health. we need to look at that. what a popup. 38% right now and just resumed trading on a headline that triggered major volatility in the chain of primary care services for communities and seniors. "the wall street journal" reports that humana and other possible buyers are circling cano health. which you can see right now is having a very nice session. it's an $8.54 stock at the moment. the report cites people familia

>> yes, liz. this sector is completely disregarded we've been paying so much attention to interest rates but people are not paying attention to what is going on with health care after the pandemic. one of four greens the health care will be the leadership group coming out of this bear market. because of the amount of drugs developed from the r&d came from the pandemic is astounding. 50, 60 drugs you're seeing come online, that being, going to the fda for approval. in addition to that we have not only inflation going on in monetary policy, we have inflation around the globe in waistlines. so obesity globally is starting to rise. all of a sudden the large pharmaceutical companies are starting to tackle it. they're are only a few drugs in production right now to deal with obesity. one of the consequences of obesity is other things, cardiovascular disease, met billionic diseases like diabetes. so many companies are making lots of money helping people deal with the metabolic issues, nova nor disk or pf

liz trusts —— liz truss at the moment can't _ trusts —— liz truss at the moment can't possibly afford the promises that she _ can't possibly afford the promises that she is — can't possibly afford the promises that she is making, and that is before, — that she is making, and that is before, as _ that she is making, and that is before, as we just discussed, she has to— before, as we just discussed, she has to come — before, as we just discussed, she has to come up with extra money to help people pay their bills this winter. — help people pay their bills this winter, so it is a pretty grim set of circumstances that the new prime minister. _ of circumstances that the new prime minister, probably liz trusts, a small— minister, probably liz trusts, a small chance that it could be rishi sunak. _ small chance that it could be rishi sunak, whoever it is, is going to be facing _ sunak, whoever it is, is going to be facing a _ sunak, whoever it is, is going to be facing a huge economic headache. they are _ facing a huge economic headache. they are going to have to spend a fortune. _

liz. she's just as you see. she's got the skin of a rhinoceros when it comes to putting up - with people having a go at her, i can assure you. _ several times over the years, colleagues have predicted that liz truss's career was on a downward path, that she'd soon be spending more time here in norfolk than in westminster. but friends say she's always been underestimated, and her survival is evidence of a clever politician with a steely determination. her politicaljourney has taken herfrom a family she describes as left—wing, where she joined her parents in their campaign for unilateral nuclear disarmament, to oxford university, where she was a liberal democrat and took to the conference stage to argue in favour of abolishing the monarchy. we liberal democrats believe in opportunity for all. we believe in fairness and common sense. after graduating, she joined the conservatives, worked as an accountant and was selected to fight the safe tory seat of south west norfolk. but her political c

liz: it's horrible. >> you know it, liz. this is going to strike at the heart of that pollution so the chinese are saying, track it in. in their case, ship it in. liz: andrew, thank you so much. i have to ask you before we go, if your heavy machinery is not operating off diesel. what are you planning to run it on? >> okay. i have the biggest trains in the world; right. they cart 40,000 tons of iron ore 500 kilometers away all the way down to the coast. you wouldn't notice the altitude, it's about 600 meters, but that energy of tabooing all that weight down the hill is weighing up par boll ick gravity and put it in a bait reigns leading and send the hill back up the train and no source of energy and no pollution. infinity train. that's what we're doing, liz. it's things that are basic technology. batteries and hydrogen in our trucks and this is not real concern. and green hydrogen. it's so valuable to us because we're replacing diesel and oil. liz: when you do it, we want to see you do it and see that moment. thank you very m

that is how i feel about liz truss.— i feel about liz truss. and how do ou think i feel about liz truss. and how do you think both _ i feel about liz truss. and how do you think both of— i feel about liz truss. and how do you think both of your _ i feel about liz truss. and how do you think both of your parties - i feel about liz truss. and how do you think both of your parties will| you think both of your parties will do over the next few months and in the next general election? 50. i the next general election? so, i think liz truss _ the next general election? so, i think liz truss now _ the next general election? so, i think liz truss now has - the next general election? so, i think liz truss now hasjust - the next general election? srr, i think liz truss now has just under two years to convince the country that markets work, and if she is able to do that then i think we will win the next general election. keir starmer has not really shown what sort of policy direction he wants to take the labour party in. not really much opinion coming fr

liz: that long? okay. >> yeah, that's not long enough, even for a short-term trader that's not long enough. we made the mistake of going forward with the thesis without any real evidence that the dollar was rolling over, which it did not do and host of other things when we did our triage of the trade, and we lost about 11% on our positions that day. liz: which one specifically? which one specifically did you lose out on? >> we were long the s&p and we were long the qs and through the trim etfs. liz: okay. and now? now i want everybody to brace themselves. you are shorting both the s&p and the qqqs at the moment. there are ways to do that; right? sqqq and s -- let's see. these are wrong. everybody. >> no, that's right. liz: you're shorts them but there's mechanisms; right? >> well, you buy these. these are inverse etfs so you buy the spxu and that gets you short. the s&p 500 with a three times leverage. so you don't have to put as much money in to get more exposure. same with sqqq. we also our whirlpo

the priority has to be to get behind liz truss, our new- to get behind liz truss, our new leader_ to get behind liz truss, our new leader -- — to get behind liz truss, our new leader —— and wat now for the man. like my— leader —— and wat now for the man. like my if— leader —— and wat now for the man. like my if you — leader —— and wat now for the man. like my if you are offered a job in the cabinet, would you accept? that is not _ the cabinet, would you accept? that is not what _ the cabinet, would you accept? that is not what i — the cabinet, would you accept? that is not what i am focused on. what i can say, _ is not what i am focused on. what i can say, liz— is not what i am focused on. what i can say, liz truss will have my full support _ can say, liz truss will have my full suripori as — can say, liz truss will have my full support as the new government gets on with— support as the new government gets on with delivering four people. full su ort on with delivering four people. support but on with delivering four people. hit support but not willing

liz truss is absolutely right in i liz truss is absolutely right in prioritising _ liz truss is absolutely right in prioritising growth. _ liz truss is absolutely right in prioritising growth. if- liz truss is absolutely right in prioritising growth. if you i liz truss is absolutely right in prioritising growth. if you get| liz truss is absolutely right in i prioritising growth. if you get that growth _ prioritising growth. if you get that growth and — prioritising growth. if you get that growth and encourage _ prioritising growth. if you get thatl growth and encourage investment, prioritising growth. if you get that i growth and encourage investment, and you need _ growth and encourage investment, and you need to _ growth and encourage investment, and you need to have — growth and encourage investment, and you need to have a _ growth and encourage investment, and you need to have a tax _ growth and encourage investment, and you need to have a tax system - growth and encourage investment, and you need to have a tax system that i you need to have a tax system that encourages — you nee

liz truss promises a bold plan to see britain through a range of challenges. iam i am confident that together we can write out the storm, we can rebuild the economy and i am confident that we can become the modern, brilliant written that i know we can be. after a visit to ukraine's zaporizhzhia power plant — in russian—held territory — the un's nuclear watchdog calls for a safety zone. canadian police urge local residents to stay indoors — as the manhunt continues for one of two suspects following a mass stabbing. and no more pcr tests for international visitors to japan. but will that be enough to encourage tourists to come back? life from our studio in singapore, _ life from our studio in singapore, this - life from our studio in singapore, this is - life from our studio in singapore, this is bbc life from our studio in- singapore, this is bbc news. it's newsdaw _ welcome to bbc news, broadcasting to viewers in the uk and around the world. it's 7am in the morning here in singapore and midnight in london, where the new british prime minister liz truss

he liz truss hasn't been seen in - liz truss hasn't been seen in public. she is going to do a round of interviews for regional tv and press tomorrow as is. but it's a political one is intact? do you come out and immediately try to say something reassuring as soon as this crisis blows up? with the! 0f something reassuring as soon as this crisis blows up? with the! of panic, or do you give it a few days and say don't worry, we have got a plan? i think what is interesting about the mirror— think what is interesting about the mirror story is the mirror concentrating on liz truss, because there _ concentrating on liz truss, because there has— concentrating on liz truss, because there has been a lot of talk that he cannot— there has been a lot of talk that he cannot survive a situation like this, _ cannot survive a situation like this, and _ cannot survive a situation like this, and normally if you had at the valuation— this, and normally if you had at the valuation of— this, and normally if you had at the valuation of sterling, which in historic— va

liz claman, over to you. liz: we have to work hard and make sacrifices? charles: in this world we do. not in the newfangled one. liz: i know you have because you were my guest on my podcast. it ain't easy. 13 times for this year. charles: but it's beautiful once you get there. liz: it's never really an end game. folk, set the stopwatch, t-one hour before closing trading for the month and perhaps the entire quarter. stocks right now, they're in the red. we've got the dow down 357, s&p lower by 33 and nasdaq down 82 and russell call it flat. this inter-day picture and move it aside because it shows how much damage stocks sustained this quarter. if you indulge me. work backwards and nasdaq taken an outside hit and quarter to date, it has seen a less hefty 3% sliced-off. it does get work from here. third quarter painful for the s&p that began q3 with a bang. rallying more than 13% before pulling a 180 plumbing 2020 lows and now looks to close out the quarter with a 4.6% loss. the s&p, that was already in a bear market but this rate the bears dug deep enough i

liz truss— people it isn'tjust the 0br. liz truss has— people it isn'tjust the 0br. liz truss has been warned by many economists ahead of last friday's many— economists ahead of last friday's many budget that these plans simply will not _ many budget that these plans simply will not work. that they simply economically sound. sol will not work. that they simply economically sound. so i think we have _ economically sound. so i think we have to _ economically sound. so i think we have to he — economically sound. so i think we have to be really, really concerned. and inflation is eating into all of these _ and inflation is eating into all of these budgets and this article is based _ these budgets and this article is based was saying while the parents won't _ based was saying while the parents won't even — based was saying while the parents won't even keep up, they will fall in real— won't even keep up, they will fall in real terms. won't even keep up, they will fall in realterms._ in real terms. the squeeze on all departments _ in real terms. the squeeze on all d

liz truss has said, like her rival rishi _ liz truss has said, like her rival rishi sunak. _ liz truss has said, like her rival rishi sunak, she will be pushing forward — rishi sunak, she will be pushing forward with the northern ireland protocol — forward with the northern ireland protocol bill which will unilaterally override a lot of that treaty~ _ unilaterally override a lot of that treaty. they say it's an insurance policy, _ treaty. they say it's an insurance policy, she — treaty. they say it's an insurance policy, she says she still wants a negotiated settlement but there's been lots of warning noises in european _ been lots of warning noises in european capitals that if she were to take _ european capitals that if she were to take such unilateral action there would _ to take such unilateral action there would be _ to take such unilateral action there would be consequences. there is a key moment in ten days' time, on the 15th of— key moment in ten days' time, on the 15th of september when the uk has to react to _ 15th of september when the uk has to react to legal procee

thank you very much. >> my pleasure, liz, thank you. liz: dan niles. will a global recession ding sales of the brand new iphone which hit stores today? apple ceo tim cook heading to new york's flagship apple store on fifth avenue. check this out, to check the sales out for himself. but as the apple faithful chair on the launch day for the iphone 14, wall street is boo'ing apple now replacing tesla as the most-heavily short ed stock. with the closing bell ringing in just over 45 minutes and the dow down 180 we're going to take you live to the fifth avenue apple store next, to get a read from customers. that when the "clayman countdown" returns after this quick break. ♪ ♪ ♪ ♪ ♪ ♪ go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. like many families, the auburns value time spent together. to share wisdom... i got some of my gold before i came to this country. i got some of my gold before you passed the

all liz truss today.— have all liz truss today. really interesting _ have all liz truss today. really interesting to _ have all liz truss today. really interesting to hear— have all liz truss today. really interesting to hear your - have all liz truss today. really interesting to hear your points| have all liz truss today. really - interesting to hear your points and your reaction to that news on energy bills, zoe bellingham from ippr north in liverpool, thank you. you saw pictures from balmoral, we believe the prime minister, boris johnson, because he is officially still prime minister, will arrive eminently for his audience with the queen where he will officially tender his resignation as prime minister before a short while later liz truss arrives for her audience with the queen and will be asked to form the next government. we will be hearing from a range of voices today, considering what the new prime minister liz truss might do in that area. joining me now is matthew taylor, who's ceo of the nhs

my sense is i think that liz truss _ elsewhere? my sense is i think that liz truss is _ elsewhere? my sense is i think that liz truss is going - elsewhere? my sense is i think that liz truss is going to - that liz truss is going to stand her ground both in terms of dealing with brussels but also with washington as well and are expected to be more assertive than borisjohnson especially in dealing withjoe biden. after all, especially in dealing withjoe biden. afterall, ithink especially in dealing withjoe biden. after all, i think that borisjohnson tried to avoid clashing directly with the us president and i think that liz truss, with her pledge to amend the northern ireland protocol, i think inevitably there is going to be a clash with washington on this stopping my advice for liz truss is to really be strong and assertive in dealing withjoe biden and make it clear that the united states has no interest on lecturing britain on what to do over national sovereignty. so i think we're going to see a much stronger stance taken by liz truss as opposed to boris johnson who tried to avoid i

liz claman, she's here. i feel better already, liz. liz: lord help the world if we're depending on my sanity. thank you, charles. it is great to be back. we start with a fox market alert, folks. after three straight weeks of losses, wall street kicking off the final hour of trade in the red. take a look at dow jones industrials down 183, nasdaq down 82 and russell is the lost leader here as far as percentages down just under 1% or 16 points. you know, you wouldn't call the action up till this moment as really dramatic whip saw. it's like chop. look at inter-day of s&p. it opened higher. it topped out at,942 and s&p dropped to a low of 3886 and the inter-day picture shows that as we can see at the moment we have the s&p down about 15 points. back forth, up and down, all around. now as investors navigate wilder headlines than s&p's 55 point swing we lies, we need to look at ten year yield spiking to highest level since mid june. back on friday, august 19th, that was a week to the day before fed chief jay powell bluntly warned in the jack

liz claman, over to you. liz: empathy economics, i had not heard of that. our empathy is with the state of florida, charles. charles: absolutely. liz: mother nature's wrath gripping the nation kicking off the final hour of trade. look on your screen, hurricane ian that beast still has not made specific landfall but could do so any moment now. we have our eye on the storm and on wall street as the dow and s&p look to snap six day losing streaks even as hurricane ian inches closer to landfall on florida's gulf coast. let us get you where we stand at this hour. category 4 storm expected to make landfall at any moment just off the shore of ft. meyers. it is apparently moving 9 miles per hour with maximum sustained winds of 155 miles per hour. that is of course just two miles per hour below what would be a category 5 status hurricane. the worst on the list they have. florida authorities warning citizens to now shelter in place. it is too late to try and make a run to evacwait. time for evacuations in the rear-view mirror. catastrophic storm surge and flooding al

truss. will have my for support -- behind liz truss. ~ ., ., , ., liz truss. what does it say about the -a liz truss. what does it say about the party that — liz truss. what does it say about the party that you _ liz truss. what does it say about the party that you were - liz truss. what does it say about the party that you were so - the party that you were so popular amongst your own mps and less in the membership? it suggests there is a division there. i membership? it suggests there is a division there.— division there. i am proud of the cam aiun division there. i am proud of the campaign iran. _ division there. i am proud of the campaign iran, but _ division there. i am proud of the campaign iran, but that - division there. i am proud of the campaign iran, but that is - division there. i am proud of the campaign iran, but that is the i division there. i am proud of the i campaign iran, but that is the past now. this has one and i support her. —— lives has one. ii now. this has one and i support her. -- lives has one.— -- lives has one. if you're

the between russia and the uk now that liz truss is in charge.— liz truss is in charge. the german chancellor — liz truss is in charge. the german chancellor has _ liz truss is in charge. the german chancellor has said i liz truss is in charge. the german | chancellor has said congratulations on your— chancellor has said congratulations on your new role, liz truss, i'm looking — on your new role, liz truss, i'm looking forward to our cooperation. the uk _ looking forward to our cooperation. the uk and — looking forward to our cooperation. the uk and germany will continue to work closely together as partners in france, _ work closely together as partners in france, so — work closely together as partners in france, so the german chancellor, that france, so the german chancellor, thal will— france, so the german chancellor, that will he — france, so the german chancellor, that will be a key partnership. the president— that will be a key partnership. the president of the european parliament was quick— president of the european parliament was quick out of th

i think liz, i have served in cabinet with liz and i i served in cabinet with liz and i think she has a good spread of experience. she is been in treasury, she's had a foreign affairs post and both of us have done... i guess for me, we had the issue of brexit and i was determined on that to represent my constituency which of course was a very romaine constituency. i think at that stage perhaps our respective careers headed off in different directions. careers headed off in different directions-— careers headed off in different directions. ., ., , directions. some would say that is rinci al directions. some would say that is principal but _ directions. some would say that is principal but do — directions. some would say that is principal but do you _ directions. some would say that is principal but do you sometimes i directions. some would say that is i principal but do you sometimes have to suck it up? i principal but do you sometimes have to suck it up?— to suck it up? i am absolutely happy with the decision _ to suck it up? i am absolutely happy with the decision i _ to suck i

—— liz truss. it a stocking performance by liz truss? -- liz truss-— -- liz truss. it is always a worry about how _ -- liz truss. it is always a worry about how it _ -- liz truss. it is always a worry about how it will— -- liz truss. it is always a worry about how it will go. _ -- liz truss. it is always a worry about how it will go. but - -- liz truss. it is always a worry about how it will go. but what . about how it will go. but what viewers probably didn't really see in their millions today because they are all at work, but for the parliamentary party and also for the researchers and parliamentary staff in the commons behind us it is the to team captain slugging it out. every point that is scored they cheer. i think the performance went well. in cheer. i think the performance went well. , ., ., ., well. in terms of morale, it will have lifted _ well. in terms of morale, it will have lifted spirits. _ well. in terms of morale, it will have lifted spirits. yeah, - well. in terms of morale, it will have lifted spirits. yeah, it's i well. in terms of morale, it wi

i decided to support liz when the final two were - liz when the final two were announced. the reason i have gone for liz— announced. the reason i have gone for liz is _ announced. the reason i have gone for liz is probably because on her ideological side, it is closer to mine — ideological side, it is closer to mine in— ideological side, it is closer to mine in terms of low tax, freedom, enterprise — mine in terms of low tax, freedom, enterprise and she is a relatable individual— enterprise and she is a relatable individual as well. i think she has evolved _ individual as well. i think she has evolved during the campaign, you have _ evolved during the campaign, you have seen— evolved during the campaign, you have seen her personality and now as we kind _ have seen her personality and now as we kind of— have seen her personality and now as we kind of draw to a close, talking about _ we kind of draw to a close, talking about how — we kind of draw to a close, talking about how she will support the most vulnerable _ about how she will support the most vulnerabl

from what i have seen, i think liz has — there. from what i have seen, i think liz has run _ there. from what i have seen, i think liz has run a _ there. from what i have seen, i think liz has run a good - there. from what i have seen, i i think liz has run a good campaign. she is— think liz has run a good campaign. she is relatable because she comes from a _ she is relatable because she comes from a conference of school in leedsi _ from a conference of school in leeds, she _ from a conference of school in leeds, she is notjust a stereotypical conservative which i think— stereotypical conservative which i think helps. but different people's views— think helps. but different people's views have changed and shifted across — views have changed and shifted across this campaign but overall she has come _ across this campaign but overall she has come across really well and when you meet— has come across really well and when you meet her in person, which i have on a few— you meet her in person, which i have on a few occasions, she really does have _ on a few occasions, she real

and liz truss— bus that is sinking fast. and liz truss is— bus that is sinking fast. and liz truss is desperately scrambling towards — truss is desperately scrambling towards the home. so the subhead is truss— towards the home. so the subhead is truss new— towards the home. so the subhead is truss new government may already be dead in— truss new government may already be dead in the _ truss new government may already be dead in the water. they say kwasi kwarteng — dead in the water. they say kwasi kwarteng many budget statement was supposed to usher in an era of economic— supposed to usher in an era of economic growth and instead kicks after a _ economic growth and instead kicks after a crisis. the ending of this article _ after a crisis. the ending of this article was _ after a crisis. the ending of this article was absolutely amazing it says it— article was absolutely amazing it says if they correct the economy —— can wreck— says if they correct the economy —— can wreck the — says if they correct the economy —— can wreck the economy lik

liz: and to what liz's saying, there's a much inequities and unfairness in these policies and you've been critical of the presidents student loan bailout and even democrats criticize it is unfair to blue-collar middle-class workers like yourself, people never went to college for paid off the college loans right. >> that is right is so you have student loan debt before, congratulations, now you do. liz: yes so i met the other thing, to liz's point, the policies about oil and gas have been all about we will former keystone pipeline broker deal and he is saying the green agenda could lead to fuel shortages in the northeast, northeast as low fuel inventories now is a potential energy problem happening and taking hold potentially northeast matt, what are you hearing. matt: you're right elizabeth, that's the truth everywhere, their anti- gas policies and look at specifically and germany in the energy crisis that they are rented created and this is being pushed out about i know misguided politicians an extremely environmentalist and so seeing the effects of that mike was talk about, you're

liz: exactly. we can look at longer pictures of oil and oil bob gasoline has come down from june highs where oil was $128 a barrel and gasoline above $5 for the national average. so i think he wanted to make it very clear that the federal reserve is not bolted to tightly to headline inflation that includes highly volatile energy and food prices but tell me, do you think that when he looks at core, what is he going to need to see before we see that elusive pause? >> yeah, he was asked what theyment to see. he was specifically asked that and he sort of dodged it. basically saying it's not a question i want to answer directly. i'm a little sympathetic to that but i believe we need to know what they're thinking. what we think they need to see is inflation moving in the right direction. call it for at least a few straight months and we think by the end of the year. we think core inflation will actually be in a better place. let's be clear. you've got six handles on corner inflation and by the end of the

, liz puts her foot on the gas. headline, liz puts her foot on the as. . headline, liz puts her foot on the as, ., ., headline, liz puts her foot on the as. ., ., , headline, liz puts her foot on the u as, ., ., , ., gas. yeah, we have been digging into this ener: gas. yeah, we have been digging into this energy package _ gas. yeah, we have been digging into this energy package that _ gas. yeah, we have been digging into this energy package that we - gas. yeah, we have been digging into this energy package that we expect i this energy package that we expect miss truss to announce, could come as early as thursday. waiting to hear how the plan is going to work out with the industry, they have beenin out with the industry, they have been in talks today. jacob rees—mogg, we expect him to be made the energy secretary tomorrow. yes, it's obviously going to take a huge bill to take on all of the increase in energy costs. we expect that to be around £100 billion, and the first tranche could cost around a0 billion, we understand, which would involve a freeze on wholesale gas prices until a

liz: thank you. in the north bay members of the community are coming forward and asking for justice after the bloody police takedown of a gardener. some of the incident pictures are disturbing. [chanting] liz: justice for matteo is what they are saying. they speak out against the video showing police officers violently arresting the man over an open container of beer. we have video online if you want to see the bodycam video. and investigation you will see only on abc 7 news. the video shows san rafael police approach a man with an open beer. they wind up taking him down, beating him and charging him with felony resisting arrest. the officers have been placed on paid administrative leave. the victim has been cleared of all charges but is considering a lawsuit. we will try to get you the video. it is on abc7news.com. another senior pastor way i did atria facility -- another senior past away at an atria facility. she was given dishwasher liquid rather than juice. >> it happened again days after 93-year

liz truss. ~ underestimate liz truss. well, look, i have underestimate liz truss. well, look, i have worked _ underestimate liz truss. well, look, i have worked with _ underestimate liz truss. well, look, i have worked with liz _ underestimate liz truss. well, look, i have worked with liz truss - underestimate liz truss. well, look, i have worked with liz truss closelyi i have worked with liz truss closely over the past few months on issues like ukraine. we have disagreed passionately on the northern ireland protocol. keir starmer is a former director of public prosecutions! he knows how to handle all sorts of people, if you like, at the dispatch box. he will be able to handle liz truss. he will put the question to her directly. she has said a lot of things over the course of her political career, and she certainly said a lot in the last eight months. much of it doesn't add up is the truth and so i suspect he will be very exacting. there is a lot to challenge liz truss on policy, frankly, and i'

soothing sounds of liz. liz: melifious. >> liz claman. liz: thank you, charlie. nails on a chalk board melifious. >> they gave me the covid. i beat the covid. >> thank you, charlie. >> excuse me. excuse me. excuse me. fake news. they gave me the covid. liz: market action. okay. green all green on the screen. it has been kind of touch and go all session long. right now we're comfortably, you know to the upside here. check out these three stocks though, that have fallen relatively dramatically in 2023. pick these out, right? vista outdoor, down 38%. this year. we've got eagle materials, housing materials, down 30%. and diodes, inc. down 39%. okay, what does this tell you? despite that kind of weakness, our "countdown" closer says flip that over. now is the time to dive into these bargain basement names. these very three. joining us now, hodges funds portfolio manager eric marshall. so you picked these three, vista eagle and diodes. what is the common thread is? >> the common thread is, we're in a bear market. the market is pricing in an economic downturn all year.