unleashed and it's a force to be reckoned with. the market does not end with the next correction or crash it only starts over again. you should know that because this market is for you and do not forget it there's always amazing opportunities out there and don't let the pros persuade you from financial independence. now over the liz claman. liz: i love it, remember eddie murphy. [laughter] the greatest movie. i like the analogy. charles: thank you very much. very good charles. we have two major stories as we headed to the final hour of trade, fed chair jerome powell in the question and answer part of his first news conference of the year were monitoring to see if he invokes the bubble word, considering notwithstanding the seller foreseen right now 632 points to the downside on the dow market are still close to record high.

will he get asked whether he sees speculative bubbles forming in the wild were like trading we are seeing right now and maybe even between the reddit room rascals and the big wall street short-sellers at this hour. they are again in a fixed battle that may eventually prevent you, at least at the moment from buying and selling certain stocks. the so-called bull raid caused overnight destruction to online trading platforms, td ameritrade, charles schwab and fidelity which made the controversial move a few hours ago to restrict customers from making trade on super short stuff like gamestop in amc entertainment. the squeeze the reddit crowd has put on by preventing at least big head from betting against the stock was so powerful it is now taken big wall street victims. could this be contributing to today's selloff, the dow is about to close lower for the fifth straight day, something we have not seen since before the

pandemic began, check it, dow down 628 s&p down 99, nasdaq getting crushed down 2.5% loss of 347 points. let's begin with the fox business alert to where we stand at this hour with the reddit revolt, reddit readers have claimed their first investor victims and they include some of the biggest short-sellers in the game. as we've been telling you since last week it swirls around shares of gamestop which right now are powering higher by 117%, this morning when i checked it i was saying well, wow it's about $200, now gamestop is at $320 a share. the stock rallied out of the gate early this morning andrew of citron research cried uncle on a short position, this on the heels overnight that building capital had to close out its bet against the videogame retailer at a big loss.

here is what andrew left said. >> let's answer this question i am just fine, citron capital is just fine, cover the majority at a loss 100% as a small position and i'll let it go. liz: as a wall street reddit boomers smell blood, they are now turning into other heavily shorted stocks from amc theaters to a whole bunch of other names beyond what we have heard, we heard about bed bath & beyond but what about fumo these are the largest u.s. shorts meaning people with funds are betting against these names. is this a victory for the individual investor or could this end very badly with the sec's opinion reddit to find out who is really behind some of the reddit posters, let's bring a representative bush, michael proctor, he's been monitoring the situation minute by minute and he has covered the stock of gamestop for 19 years and a fox business exclusive norm champ who ran the sec office of inspection and examination.

michael to you first were watching a highly unusual improve under powerful revolt going on by retail investors who have banded together against wall street power players, what do you make of this? >> for an fyi i cover amc and fubo so i have three of the four that you mentioned. liz: lucky you. >> i'm keenly interested in norm's view on what insiders are allowed to do especially board members because ryan cohen bought 10% or more of the stocks and has seven or eight or 9 million shares, he clearly bought it eight and had an exit plan in 20 or 30 or 40 but not 300 so i'm curious when he can sell. i'm a fundamental research analyst which means i don't tell anybody what to do, yes i have a vibrating oura celebrating or neutral on gamestop with the $16 target. i actually really like them i think the management team is

solid and they're executing well and i have a street high earnings estimate for this coming year. i really like the company, i cannot come up with a construct where they will earn 15 or $20 and justify a $300 share price, fortunately i don't talk to individual investors i talked institutional investors and they make intelligent decisions based on my advice and other people's advice and they go the mosaic and figure it out. they are asking me, why do you have a 95 cents price target this year when they can sense is a loss of 17. i tell the management is good and executing. i don't see how you pay 300 times that and that's where the shares are. liz: let's get to norm and tackle the questions about company insiders and specifically as michael mentioned board members. for people who don't know, we've been telling you ryan cohen who is the chewy cofounder jumped in several months ago and say i think gamestop could be a much

stronger company if they went streaming, online instead of the brick-and-mortar, norm, question and it's a sort of twofold. when could somebody like that by is there anything suspicious that you see of the moment with your trained eye that is going on and why is it even fair to point the finger in a reddit room versus the short-sellers for years have been sometimes with only half truths banging down in writing companies. >> i think what's going to be interesting is to think about what the sec is going to do in this situation i would be very surprised if they are not out there asking questions of various market participants that is going on here. >> a short squeeze is not unheard of biz is a very different one and i don't think we seen anything quite like

this, i'm sure the sec looking at this and thinking about what questions it wants to ask and then figure out what it might have to do because there's a couple of different things, there is a situation and i'm sure the sec will look hard at it but there might be a question of are there any hinges that need to be made in "market rules" or in shorting roles or anything else that might address this long-term. i would anticipate short-term no go for more fact-finding and figure out what happens. liz: let me jump in, may i just say when they're looking, gary chancellor is joe biden's pick for the head of the sec he is a former goldman guy and he ran the commodity in futures trading commission so he knows what to look for but would it be something where the sec could subpoena reddit and figure out who's behind the profiles in the

wall street best chat rooms which are piling together i'm not saying that is fair, is it a possibility? >> the sec certainly has subpoena power. remember civil subpoenas because the sec is a civil enforcement agency. in the one hand the sec has power to go look at situations like this and i would be very surprised if they are not doing so or planning to do so. when you're there there's others in the media saying i guarantee those people are calling over the commission and saying what's going on. i'm sure they are planning to look at it. you're raising a second question that is very complicated as to whether how it works with social media sites and revealing people that kind of thing which is a whole other topic, different from the sec power.

liz: michael, right now what we have seen the charles schwab and the td ameritrade crowd which of course these are online brokerages, schwab bought td ameritrade but were seen other problems with online brokerages. they are preventing people from making certain trades, they are restricting them from buying these names, what happens when those restrictions are lifted and do you foresee we say it's fun and games until somebody loses and i, everyone runs for a very small exit toward the same time? >> your seeing gamestop volume literally over 600 million shares in the last four sessions. there's only 65 million shares outstanding. it is literally traded almost ten times the outstanding volume in four days. that is unheard of. i think the schwab td ameritrade are saying the market has gotten

disorderly insane shares of trading hands multiple times a day. i think the end of this bubble doesn't happen until ryan cohen or management sell stock and that's why asked norm, are they allowed to, are insiders allowed to sell during the quiet . . . is the company allowed to file a shelf and sell a couple million shares at 300 and pay off the debt, that would be great but are they allowed to. i think this is going to keep growing until insider cells. liz: norm, quickly i think we got a run but are they allowed to sell a high price if they are in insider? >> i'm not involved in the facts of the situation i'm sure they're getting advice from folks on this. i think the sec is going to take a look and see what comes out of that. liz: we are on the story and following it we appreciate your

expertise on both sides and by the way we set you up every morning with my morning market minute on tiktok, snap, instagram, gamestop was topic number one we have covered it since last week, follow me on tiktok at red sox liz, you get the early picture of it there. fed chair jerome powell is about 20 minutes into his first news conference of 2021 after the federal reserve left rates unchanged, no surprise but he said this is what he said has been fueling the rise in asset prices. listen. >> look what's driving asset prices in the last couple of months it is that monetary policy is been expectation about the vaccine and also fiscal policy. those are the news items that have been driving asset values.

liz: reddit room was not mentioned, jerome powell said and he just finished the news conference, the connection between low interest rates and asset valuations are not as tight as people think. let's bring in luke tilly the chief economist at wilmington trust with the philly fed and steve the chief investment officer for federated hermes. let's go to that, is he almost saying, everybody is saying that low low interest rates are really inflating the trading in the asset bubble, is he trying to say no were not, how you interpret that? >> it is interesting because there is a relationship between low interest rates because it pushes investors into other investments and it's sidestepping the fact that the fed has produced $3 trillion worth of qe now one and a half of the trillion is still sitting on banks balance sheets but the

other half is somewhere in the market and that clearly has fueled a lot of the up move in assets. a big part of today is the fact that he came out and said were going to do it at this rate $120 billion a month, 80 to treasury and 40 to mortgage-backed securities so investors can expect that to continue to happen from here. it does influence market. liz: i want to bring you this you are looking at a life picture of jerome powell there has been a technical glitch and they got a backup he's continuing to ask questions and were continuing to monitor, march 13 when you were on the show just as the lockdowns were happening you came out and you said start nibbling at the bottom because prices are really cheap, the bottom ended up being close to what you said march 23 tell me what you're doing now and what does the fed need to do to make sure that they don't get

left holding the blame back. >> we are still on here and we've seen the market, if you look at the overall broad market there is a lot of good companies throwing out a lot of earnings and if you look at next year assuming a recovery which will happen once the vaccine comes out you're looking at about $200 of earnings on the s&p next year that is not heroic so as a broad market continues trading 18 and a half times against it by backdrop with 1%: 1.5% ten year yield when we come through this year. we don't think the overall market, there is pockets and everyone can talk about it today there is pockets of bubbles bubbling up, that is very difficult in my sense these could run a while before they

break the bubble. the thing the markets going to worry about in the back half of the year, clearly not today because jerome powell is saying what bubble basically. >> then that's the game theory. in the meantime we think the fundamentals are very good here. liz: luke tilly, steve, thank you for weighing in on an extraordinarily busy day and there's so much more were watching the selloff the dow is down 508 points and we're coming right back, don't go away much more straight ahead. ♪ voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines.

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it comes to the stocks that may or may not be involved. washington, d.c. were edward lawrence is analyzing this. >> president joe biden signed the executive orders around climate change, that is the theme that he is pushing forward in the first week, we can half of its presidency, one extending the ban on fracking, there is a lot of pushback. listen. >> when i think of climate change and the answers to i think of jobs, it's building a modern resilient climate infrastructure in a clean act future that will create millions of good paying union jobs. >> he thinks the jobs lost will go to the renewable energy. in the confirmation hearing for the secretary pick senators very concerned about how quick reaction to the climate crisis, the biden administration says how it will affect the job they

eliminated with the executive orders without input. listen. >> if we have natural gas and oil we will buy from other countries creating jobs there but will destroy jobs here. >> the president advisors on climate change say he is taking on the climate crisis with the speed that the crisis demands but at the cost of jobs and layoffs reported with the permit being pulled for the keystone pipeline eliminating jobs overnight in the middle of the pandemic when 10 million people want those jobs, john kerry pushback. >> the president of the united states has expressed in every comment that he has made about climate, the need to grow the new jobs that pay better the, that are cleaner, you look at the consequences of black lung for a minor and measure that against the fastest-growing job of the united states before coded was solar power

technician. >> the data from the bureau of labor statistics shows that renewable energy job pay a half as much of the jobs of natural gas, oil in the coal industry in some cases different skill sets. back to you this. liz: if people even people in coal producing states where they have big utilities that burn coal those people are saying in many cases particularly the governors you've got to move forward and look at what's ahead and will be watching this closely but big oil is moving lower, conocophillips down 2% and bp down three quarters of 8% refiners moving higher. vaccine supercenter is now spreading above across the nation but is there enough supply to keep these mega- sites up and running. we'll take you live to the newest price in the windy city

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liz: fox business alert starbucks getting burned in today's pop stocks, the giant sales estimate in the fourth quarter, covid-19 is percolating major uncertainty for starbucks global storefront shares are down 6.8% is also reacting to the exit of a key executive, chief operating officer roz brewer if great last name if you're working for starbucks. he will officially take the chain march 15 and be the only african-american woman leading a fortune 500 company. walgreens celebrating incoming retail pros hiring shares up 12%

at session highs right now. 4% to 5119, viacom cbs coming out of the gate strong the super bowl broadcaster up as much as 17% earlier. right now it is up 5.6% so moderating, here's what sparked it they reported after a slow start cbs has sold out of the big game, the going rate $5.5 million. pandemic winners, doordash, scott's miracle grow into polite are part of the rookie slots between tom brady's buccaneers and patrick homes. can a bermuda change the world themed commercial shares of super bowl newbies are down getting swamped in today selloff.

longtime super bowl advertisers as you may have heard our passing and spending the money on helping the covid vaccination effort, this as stadium malls, disneyland mobilize mass vaccination but while location is everything so his availability. those giving the shots say they are running out of vaccines. to grady trimble at a fairground in great lakes illinois the nearest vaccination site in the state. tell us and give us a little tour. >> let me show you how it works all of these cars get driven through the garage door it opens up 25 - doctrine cars come in the people administered the shot and the people don't have to leave their cars, they drive out in this direction and they wait about 15 - 30 minutes after they've gotten their vaccine to make sure they're not having side effects or adverse reaction but like you said the big problem right now is the supply,

governor of illinois toured the facility today and he said we see an increase in supply over the last week or so in the coming weeks but there is still not enough there's a lot of people who want this economic appointment and that's where we bring in mark pfister that is something you are experiencing you see how massive this places you could pack 80 - 100 cars and right now you're stuck at 20 - 25. >> were bring about 25 cars so that is due to the fact that we don't have enough supply and also vaccinate her's is an issue so as more supply we get the more vaccinate her's we can easily get 80 cars in here and up from 600 today to over 1200 . >> how do we speed this up and get to that level short of the manufacturers making more vaccine. >> as president biden announced today he will release more and you heard the governor that will be another 16%. the more vaccine that we get in the other great news we have

another vaccine in the pipeline. johnson & johnson the next couple of weeks get their emergency authorization and that's better for us. >> liz i think i speak for a lot of people when i say seen scenes like this in illinois and across the country are extremely heartening and hopeful but at the same time frustrating knowing we have the antidote to this thing or the silver bullet to get things back to normal, get the economy back to normal and yet we do not have enough of it. liz: that is so true my 90-year-old mother waited in the car line at the fabulous forum in los angeles where i used to go see kings games, it's incredible that they need the amount of space, excellent. thank you grady trouble in chicago just outside of chicago. gamestop not the only stock attracting the gamma squeeze race, should you keep rolling with the raiders or bailout. which stock is most primed to be

the next gamestop, are for show traders have the answer next. with the closing bell ringing in 29 minutes the dow is heading back down we have the bears in control at the moment it is down 613 but look at the nasdaq lower by 385 points. were coming back with the one, the only "claman countdown" floor show. ♪ research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow!

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liz: folks i need to call an audible, we see the nasdaq we have just hit session lows down about 419 points and we just blew through the floor of they're down low it had been down 644 now were down 662 for the session lows so we are seeing all kinds of crazy blasting right now across the investment landscape, let us bring in the floor show traders at the moment we have teddy weisberg and not to mention the fact were seen microsoft hitting

an all-time high after strong earnings resulting guidance but it does not seem to be enough to offset boeing or ryan who is joining us what the volatility index is doing, can we show that, volatility at the moment is spiking more than 32% of the moment so we have the fear trade, now it is up 46%, last i looked it was 35%. we have the bull raid, gamma squeeze, whatever as jake dillon would say on tiktok but what is going on you have been decades long trader. tell me what you see. >> as if the lunatics are running the asylum, there are so many crosscurrents, there very well could be fundamental reasons and perhaps the market was ahead of itself, the change in the administration and

undoing a lot of the trump legislation that he put in place and rules are being reversed all of which were maybe not directly stock market friendly but collectively stock market friendly and these dramatic excesses we have seen over and over again certainly and 50 some odd years i've been doing this it never fails, always different names but always the same psychology and for most folks it kind of indicates we are closer to the end than the beginning when this speculative juices run so strong. liz: brian give me your sense of what is going on and is there a way to enter the crazy, not to into the get crazy gamestop situation but we can put up different names we did digging in the 2 million people inside the reddit room, called wall street that have new targets

they're looking to see which names are the most heavily shorted and then there trying to move those stocks up to foil the short-sellers, that includes names like nokia, beside for gamestop in amc, i robot is a new name that one is jumping 18%. you can see what amc is doing is spiking tripled into percentages. virgin galactic's, let's just take you want to get in there and dabble is there is a way? >> everything you say seems like a casino from where i'm standing, at this point you have to look at basically the hedge fund managers have made a big that against lobby stocks and i was on venice beach in one of these young guys was telling me by gamestop which i wish i would've done it given its up 200%, i should've taken that trade but i think the bottom line, the question the hedge fund manager smarter than 70 in the reddit chat, yet speculation on both sides and the only

difference at least with reddit you're not paying to in 20 to have your money basically bedded on like a casino and if i go to atlantic city i get free drinks but i say stay away from this market completely. >> free water down drinks depending on which casino. >> there are ways you could take it vantage of this volatility, you can own exchange stocks which we happen to own but you can also own a little stock known as virtue the irt that a lot of these firms trade with. so there are stocks that you can buy that basically benefit from all of the volatility. it is not a complete one-way street and there are ways to make money from other people's trading in the overall market volatility. liz: interesting both of those names are moving higher and i

would've thought cme because they are the largest platform for futures trading they are down 3%. >> the exchange sector, there is nasdaq, cme a number of different ways to play and we happen to own ice but there are other ways to approach it. liz: let me say right now were down nearly 700 points for the dow jones industrial that would be a loss of two and a quarter. mr. payne let me ask you specifically when you are watching what is going on you walk into a casino and teddy says the inmates are running the asylum, maybe the asylum has been run too long by the wall street bigwigs that's what these reddit retail investors would say and when i called the reddit rascals it's with a wink and a nod and not saying that with a negative way any way shape or form i'm saying maybe i'm not quite to take it anymore from

the network. >> i would not go that deep i think what it really comes down to is that government has created mountains of cash and if you look at what's sitting in money market funds is $4.3 trillion, money supplies of 27%. that is the most important years. when you have a lot of people with a lot of time on their hands and you have trading platforms like robinhood, you're really essentially open the floodgates to create speculation and trade. i have to think regardless you're the hedge fund manager or one of the nude or do debts that's in a chat room that it will not indwell. when it comes down to the return on capital when you have money scarcity that's typically when you get the best returns over time. when you have tons of money pouring into the same thing we learned historically it does not indwell you get the 99 - 2000 tech bubble when outburst that did not indwell in your seen a

repeat of that right now. liz: i'm checking gamestop, the low of the year the past 52 weeks, $2.57 trading at $334, folks, just take some profit, that is all were saying so you don't get caught holding the bag. great to see you, thank you so very much. check the data we are down 702-point, you wanted a selloff to get in your looking at one right now. coming up game over charlie breaks it on why the bull rave could be ending sooner than anyone might think. beauty and makeup fanatics was in graduate school when a young entrepreneur made a speech before her class about how he was planning to change the world with e-commerce by selling books online. that speaker jeff bezos of amazon, that was 1997, two years

later she said i'm inspired to launch blue mercury for all things luxury beauty. that is over 20 years and she has close to 200 locations, sold and macy's dropped the u.s. and carries hundreds of brands of makeup and beauty products, how did she do it and what about that point where she thought she was going to go bankrupt. you have to hear her inspirational story, my new episode on my podcast available on apple, spotify, google, closing bell 15 minutes away it is a very fluid situation right now we have the ten year yield moving higher in the transports down 353-point, a big selloff at the moment how will this end, charlie breaks it next. ♪

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liz: breaking news, check one up for the reddit rascals, senator liz warren has just tweeted and we will read this tweet to you, it appears she is siding with the reddit crowd trying and succeeding at giving short-sellers on wall street a run for their money. here's what she tweeted for years the same hedge funds, private equity firms and wealthy investors dismayed by the gamestop trades are the ones who traded the stock market like their own personal casino while everyone else pays the price. some top market watchers are telling charlie gasparino the game could end sooner than later. now caught up in the war with the shorts. >> i need your reaction, everything that elizabeth warren says about economics, do the opposite. and i bet that gary gensler, her favorite regulator by the way to

be the sec chairman and is not looking at it. liz: that's what our guy from the former federal reserve. what you look at, why the retail investor? >> is not just the retail investor let's be real clear i'll just tell you my sourcing, lawyers, crime lawyers that deal with sec in the justice department on these sort of matters. i have been pulling them on what they think and to the man and the woman they think this is going -- this whole issue of masses amount of retail buying of certain stocks what is known as a bold grade as we were talking about yesterday focusing on certain stocks that are heavily shorted to basically

create short squeezes that they are going to focus on this, the reason why they focus on this, it's not wall street should not pay because nobody's going to cry for wall street traders but in the end on these things it is a small investor that get screwed over most small investors do not have the time, the intellect or the training to trade with the big guys, they may win one today against melding capital but they will lose many more in the end and they may be the last people out of stocks like gamestop which was trading like a penny stock just a couple weeks ago and is now $300 a share. what i understand, this is how i think they're going to approach it based on what the lawyers are telling me they will review the chat rooms, the reddit chat rooms, they will look for signs of collusion and any evidence that money is sloshing around to spread any sort of collusive activity and/or false statements about these companies and that is where they're going to make their move. i've never been on a reddit chat

room and i'm assuming it's like a twitter troll thing where everybody has fake names but i have news for you, you can be tracked down by anybody. i think that's what they will look for because they're worried about this, no one cares that melvin got screwed on this, what they care about is there so many retail investors piling to the stock with $300 a share, smart money there is smart money in here not just robinhood apps but smart money is going to get out, and probably trade in and out of the whole time, powered by the robinhood guys that can buy these stocks without a commission, the smart money gets out the small investing like gamestop the blackberry is going to have some business in the future. liz: charlie listen to this, citron research these are the ones taken down by their guys. this is andrew laughs operation

posting his first political tweet ever and he's sticking up for the reddit crowd, the white house should have more pressing issues than to investigate stock forms on reddit. were a nation based on free speech and capitalism -- >> that is besides the point, that's not what the sec does as an organization. i criticize them a lot. andrew left can have his opinion, it will mean nothing to the sec. they are really worried about small investors getting in their late, people spreading false information and in the end when the smart money gets out a bunch of robinhood guys who think they can compete against steve cohen and they cannot are left holding the bag, that is why they will look at this. i'm not saying it's an easy case, the hedge funds talk to other hedge funds and people piggyback each other's trades. that's why you had the long-term

capital management and 99. every firm, piggybacked in the securities that face the liquidity crisis and problem. that's where the street almost went belly up and that's pre-2008. this stuff does happen is not necessarily illegal but they will look at it because this is even more scary because it involves small investors and people might be bedding their livelihood on gamestop and losing their homes. this is definitely from monday understand see much needed regulatory attention. liz: we are all over it. charlie good stuff. were talking how traders are saying wall street is a casino. is that an insult to real casinos. tomorrow we have the seal up and national gaming live in a fox

business exclusive his stock is been on a tear he's done real business commerce he is really killing it stay tuned tomorrow 3:00 p.m. eastern let's check it here we blown out the commercial break because there's so much going on. six minutes left to trade the dow is down 617, it hit a low of 730 to the downside, nasdaq a loss of 433 points were off on that for the moment still down 350-point and the reddit room stock, they're getting all the attention but hello apple, tesla, facebook, important earnings coming up "after the bell" that fit into the mtv trade, media technology and vehicles, director of research: and russell holly are joining us to break down this wednesday. let's go, i want to get the call in first let's take this one at a time beginning with tesla. if they come out with a profit that will be the six quarterly profit in a row which means what

for us? >> it means this is a real company as part of the s&p 500 in the future is still infancy, if you multiple years to hold onto the stock it's wonderful it's gotta be volatile and emotional but you have a great ceo integrate product. liz: russell where is the future growth for tesla. >> i think this is where we keep hearing every quarter there is something around the corner that might stop tesla, competition or another vehicle lower price. and never actually happens, we have a lot of electric cars on the market and tesla is still the name that grab some much attention. i think that will continue into the entire next year especially with the cyber truck. that will continue to be a thing. liz: by the way i've also reported to work starting to see job application openings on tesla boards and the indication

that they may have the semitruck ready to start production, that it's what people are triangulating from that, let me duck tail to apple, apple icar, are we going to see what of those mentioned in the earnings preview and what do you think happens with . >> in terms of apple you have to have a record breaking quarter. well north of $100 billion in revenue, single quarter first time ever. they will smash the lights out but i think the run is done for apple, right? we're concerned about the guidance they are going to give. they have not given guidance for three quarters. we move into spring. this is softer part of the spring for apple. talk about 5g super cycle. all eyes on the iphone revenue. if i were an investor would i take a breather. liz: russell, iphone 12. what about the services component everybody is talking about. whether the new effort to take on peloton what do you think, what is happening with apple

after the bell? >> apple spent an enormous amount of talking 5g with the iphone. 5g is not a big deal. it is not enough places to matter for services. apple is in curious position. there are some services done really well. fitness plus had huge takeoff point. apple extended free year you got with apple tv plus twice now. one the extensions is here into july. the big thing there is not enough content of apple tv plus to justify people spending it, where netflix, apple knows it. they try to keep as many people on the service as possible to make it look great. liz: i want to get to facebook. take it russell. what are you specifically going to look for with fb? >> the big thing with facebook is monthly active users. we see a lot of stuck at home, election is very big for facebook. now that will continue, election

faded, critical eyes biden administration some activities last couple months. we know this quarter will be good. the next quarter will be where we get really interesting with this company. with some states looking to have facebook removed, whatsapp, instagram from its rolls. this will be a challenging year for facebook. liz: colin, i'm looking at the nasdaq down 346 points at the moment. that is good for a 2 1/2% clip. would you recommend people buy here? bring in this reddit discussion with a minute 1/2 left to tray where we see the reddit room and this compilation, cabal of retail investors actually moving markets and names of stocks and hurting the big hedge funds. >> you know, when you, i'm an active reddit reader. i'm very familiar with wall street bets. like many other platforms they are pulling together the their power and their moving against some of these established hedge

funds. it is interesting to watch. you know, more power to them i guess. [closing bell rings] in terms of what you want to buy, i would point to facebook particularly weak q1 guidance. i think there is good there despite regulatory issues. liz: thank you. that will do it for us, selloff on wall street. >> yes indeed a big down day for the equity market. gerry: the dow is down for the fifth straight trading day. nasdaq is