help has been invaluable, we always appreciate it will talk to again really soon. we have a nice start to the week, important earnings coming out we cleared the big hurdle from last week, liz claman, big momentum going into the last hour of trading. liz: absolutely, even as the reddit rebels are saying don't sell gamestop, using all of that were actually about to talk to a reddit rebel who bought it at $10 a share, what has he done with his shares and why and the small fund manager who told billionaire hedge fund citadel and what he's planning now, wall street rallying on the first in february, i would say rallying we have 300-point games for the dow jones industrial in the nasdaq right now but as silver the new target for the reddit rebels goes higher and mining stocks spike, is a wall street best crowd new darlene trade

already getting a bit long. plus hillbilly harvest, hillbilly offer is here with the ceo of apple harvest, today makes its public debut and tries to disrupt agricultural space. mother nature also in the business of disruption this hour as a powerful winter storm stops covid vaccinations in their tracks. we will take you to all places fenway park. where this is happening. we have breaking news to begin with free trading up robinhood just cobbled together another emergency lifeline in the last few hours robinhood revealed it raised an additional $2.4 billion after experiencing a cash crunch sparked by an army of individual investors who have been snapping up shares of heavily shorted stocks. yet gamestop down 26% the amc higher by four, nokia better by seven and another revelation

robinhood cofounder told tesla o elon musk that he limited trades in gamestop because regulators want him in the middle of the night he better raise billions of dollars if he wanted to stay up and running. as robinhood continues to limit customers from buying one share of gamestop in the reddit crowd yells to hold and keep buying, let us bring in ceo taylor and gamestop investor and retired airline pilot clyde romero. clyde you are living proof that the gamestop believers are not all hyped up millennial's. tell us when did you start and investing a gamestop, you said you wanted a $10. >> i did in october or november and i just started going up and i stuck with it until i got to $100 a share and then i saw it was ridiculous and i made my money and i got out.

liz: the short-sellers as you know think it's a junk business even back in october, that is how this started, you said you will tune those people out you were buying $10 and what do you think of the hedge fund view in the citron researchers of the world who try to short the stock and got burned due to the reddit crowd. >> i think it's an unclear playing field and it just works against the retail investor. it is just sad that the people from dallas are bidding the people from gables, they're sending a message that they did not think it was going to happen and they got caught short. it was nothing like they had ever seen before. liz: is it something that you do often do you trade the markets like this, i know you were a

retired pilot and served in the military, thank you very much for your service but give me a sense of what you do with your investment. >> i'm retired so i keep in my 401k but the kids that are making money right now with this, they're doing really good things so that they're paying off student loans, there buying cars in there helping themselves out. they are not buying mansions in the hampton. and running around in helicopters and stuff like that they're doing good stuff with the money and that's what the market is all about. liz: let me get to taylor you manage money from pro athletes, executives, retirees, you own gamestop and have been following the drama, do you believe vlad tenev's explanation that he got a call in the middle of the night last week from basically the regulatory body saying you have to raise billions of

dollars right now or else we will shut you down? >> i do believe him, i don't see why he would make something up, there are regulations that you have to follow but i'm sure he was following the rules. liz: tell me why you're holding onto your shares why is clyde already sold his. >> we trimmed at $50 and turn to get at 100 and we still have a big position, i do think it's going to go to 1000 or 700 maybe even higher, this reminds me of tesla squeeze. telsa continued to go up and a lot of people were dumbfounded it's not matching up with the fundamentals. but investors really do like a stock and if they want to sell it more than likely the pricing will continue to rise. liz: let me play devil's advocate. and listen it's the most epic

stories that i covered in all my years doing business news. this is fascinated and has been on a level playing field as clyde makes that point. however, your really good retirees money, gamestop this is a highly volatile stock, it is something that you really can't control at the moment it does have some fundamental problems of the, are you ignoring the momentum, the fundamentals and going with the momentum because there are portions that have had a lot of momentum just as they zoomed off a cliff. >> i completely understand what you are saying, each year around christmas time when a new counsel is released the share price does rise so we really liked her entry on october $1513.52 and we felt like was a great entry and we saw upside with the new release and the ps five, xbox coming out and historically the price has raised everything all time. were very confident that share

price will appreciate and were confident with brian cohen getting involved and we respect the guy a lot we value your traditional corporate activist and a major position in a buddy. if he does so many studies due diligence. i want to thank ryan cohen, we did over 100% of two we enter clients i like what he brings to the table in his e-commerce experience with e-commerce cells up over 300%. i like what i'm seeing from gamestop and ryan. liz: before we go how do you think this ends for the reddit crowd? >> i hope it ends good and i'm glad to see their shining light on the hedge fund guys that have been doing this for years making billions of dollars on the backs of investments and i find it funny that the billionaire guys, the billionaire hedge fund guys

have all the perks where the retail investor does not have. this wave that is coming out right now has really shined a big light of what hedge funds are all about. the average person that watches your show or my show, can't watch because the working hard to put money in their 401k. that's why robinhood has really changed the investment market towards a retail investor. liz: great to see you both, clyde a pleasure to hear your story, clyde romero and taylor, thank you very much because this is a continuing story we are following every step of the moment and one of the weekend hashtags started trending was # silver squeeze let's take a look at what silver is doing at this moment it's not just a precious metal it is a down-home

industrial metal it is jumping at $28.96 it hit an eight year high overnight, let's flip it over to see if that translate to the silver minors. yes it does, all significantly higher, majestic, pan-american, we are not just watching what the retail investors are piling into, we have major earnings to pair up with that story, amazon, alphabet, ali baba, ups they are all reporting, other names, ebay, ford, t-mobile, clorox that to report later this week and just about two hours president biden will be meeting with gop senate leaders in the oval office to discuss $2 trillion american rescue plan as well as the senators 600 billion-dollar alternative relief. let's get to our traders, welcome back it is great to have you back in phil flynn. our friend sarge, you are looking goodbye friend recovered

from covid, it's been a long go. , the markets are jumping at this moment, look at all these things happening this week what do you think is a major market driver. >> are you talking to me? liz: i'm talking to you sarge. >> there's a whole lot to play, right now fiscal stimulus and physical support that's number one it looks like it's going to get there congress and the legislature even if they don't get the republican support will get 1.9 trillion or something close to it that's why were up-to-date regardless of everything else going on we have the jobs number on friday the silver thing is a slideshow, i'm trading heavily myself i'm in that pretty big and all the folks also trading don't forget there is usually a 6 - 1 ratio between silver and gold silver is still under valued relationship to gold you could probably still get a couple extra dollars out of this trade but i would not go past for that. before i let up and let phil

speak, the big level right now is 3778 you want to hold back going into the close that's a 21 day exponential moving average is not 200 or 15 day average but this is one of the shorter-term traders really follow and if we hold that will be much better shape going into the rest of the week. liz: phil i have to ask you is the silver trade getting long in the tooth if it got so hot over the weekend what do you think and give us your sense of what else truly matters here. >> i think search hit them nail on the head and it's another example of the reddit guys doing their homework. one of the things that sarge can tell you and i can tell you for a long time they have been frustrated because if you look at the price of gold gold went over $2000 earlier this year and silver was not even close to the all-time high. that ratio has been out of whack and there's been a lot of people

that have speculated that you have big silver players withholding the price or looking to keep it down so it's interesting that they pick that market to drive it, not everybody in the reddit crowd in the wall street are on board with this, they're afraid because the big banks and hedge funds will benefit but i think there will be a lot of volatility but i think silver has a long way to go. you talk about president biden wanting to go green energy, electric cars that will benefit all the metal silver has not used a ton but it's used a little bit so industrial metal should get it loose and with the reddit guy the value should as well. liz: keep in mind every tesla battery needs silver in it, will get more on that in just a minute, tesla up 5%. sarge great to see once again and phil flynn as always our guy

in chicago we have two major twist in the apple fortnite battle that are developing this our, wait till you hear the epic amount of time tim cook could be facing on the stand, the closing bell ringing and 48 minutes in the dow trimming some of its gains still of 289 points, "the claman countdown" is coming right back. stay with us. ♪ [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] oh, good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪

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don't miss our weekend special. save $1,000 on the sleep number 360 special edition smart bed, now $1,799. plus, free premium delivery when you add a base. ends monday. liz: if at first you don't succeed try, try again that is launching outerspace high flyer in today's pop stocks virgin galactic going for a redo richard branson space to rub setting the next test flight for fabry 13th this is the first test of the sub- orbital with the unity space ship since it failed back in december which was abruptly but safely aborted due to an engine failure, look at shares right now on virgin galactic up 23% heading for a record close. stitch fix, those shares tearing

at the seams, that stock is down jeffrey moving to the sidelines of valuation after the online style site reddit rebellion field rally which see shares climbing more than 45% since the start of the year we have stitch fix lower by 12%. in tesla having quite an electrifying trading session on a new street high-priced target from piper sandler piper raising it by 130% to $1200 the stock is at 833 and change, valuing elon musk's over a trillion dollars. the move going bigger than tesla's vocal cheerleader dan eyes who today abandon his bearish stance on nikola, he is upgrading shares forecasting less volatility ahead for the badger maker it is up 2.6% for nikola and they tend blessed enough the switch maker profit leveling up 92% in the second, third and fourth quarter after

selling 24 million of its popular console, the switch during the nine-month period and they are losing higher than 7.7% but could ten sent be the key to the new world for the super mario kingdom the china based gaming titan popping on that a potential partnership with the tendo could if it were to happen create an unbeatable sales force and mobile gaming, ten sent higher by 4.7% and $93.55 right now. while ten sent may be making inroads with the tendo there are breaking developments in apple versus epic game legal battle ten sent has a 40% stake in epic games which is the popular maker of the video game fortnite, that is a huge game, apple ceo tim cook will be in the hot seat four hours to share custodian the fox business news room, what you doing testifying.

>> the epic games legal saga, apple ceo tim cook getting news from the judge, first apple ceo tim cook will have to sit down for it seven hour deposition, second piece of bad news for apple the judge denied the tech giants legal team the right to subpoena samsung in the case, apple wanted to show the policies were no different from samsung's policies with regard to cook testimony which apple tried to block the u.s. magistrate judge thomas stated this there is really no one like apple ceo who can testify how apple's competition in the various markets that are corked with business model. this is part of a fortnite apple app store fight apple removed at engine epic games from its app store because epic implemented its own payment process system for the purchases, that took transactions away from apple. the trial according to apple insider is set to go to court in

may. we could see the trial and ahead of that the deposition from tim cook. seven hours by the way. liz: thank you very much cheryl custodian. moderna, bank of america security cutting the vaccine maker to underperform, you wanted to buy mentor now, it is now 9% cheaper folks, what is going on, dac is calling the sales unrealistic, even as a pandemic fighter asked the government for position to add more doses into the bile of the covid vaccine. no matter how many doses you put in a vial winter weather now posing a major threat to vaccination efforts. we will take you live to boston as the snow piles up and up. closing bell ringing and 39

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liz: look at times square the northeast is getting slammed the sour that is on the left side of your screen, that is like 46th and seventh broadway slammed upwards of 80 million people getting a winter worth of snow in a single day including right in the heart of manhattan, state of emergency has been issued in connecticut, new york, new jersey, pennsylvania and massachusetts, trains are suspended, more than 1600 flights totally canceled and the distribution of covid-19 vaccines has unfortunately come to a grinding halt we go to molly who is joining us from route 128 in newton massachusetts and that particular part of the story the

vaccination effort has frozen up at the moment. correct? >> that is a big part of the story a lot of appointments have been rescheduled there are places still open because the snow has been coming down and pick it up at the last couple of hours, for instance fenway park there are appointments and people had they keeled still get and go to them but there will be rescheduling and who knows tomorrow could be a whole different ballgame as a plan for that, the state has mobilized a considerable amount of snow moving 3900 pieces to get the snow in the eyes out of the way and get things running up in the state as quickly as possible, the timing of the snow will be a big concern to dangerous messy afternoon commute but a lot of people working from home and the children many of them are remote learning so also essentially working from home but some school systems have shut down their building in the given school systems and there are hybrid models going on so there are kids that potentially got

switched to remote learning, governor charlie baker is warning of the store potential impact. >> i think the biggest question we don't know the answer is with the heavier snow will translate into along with the high winds with respect to power issues in the south coast along the cape and perhaps as far north as cape in. that will be a coastal issue. >> a quick return to what you're talking about and coated vaccinations and fenway park was the official launch for the mass vaccination site, all of those eligible can go to that site healthcare workers, first responders the 75 in massachusetts, they wanted them to come in as early as possible to get there vaccinating their beginning to get messy but beginning to stay open throughout the afternoon.

some vaccine sites are closed down today and working to reschedule any appointments of folks missed. it is worth noting we should see the storm continues to unfold in new england but there are communities that potentially could get at&t back 20 inches of snow. liz: on my gosh, molly thank you very much. molly live. nice snow over there, new jersey, new york, today snow is not stopping the market from hitting up the street, jonathan webb looking to transform appalachia to a currently and in helping to plant the seed none other than hillbilly author and venture capitalist jb with the closing bell ringing and 31 minutes, they will both join us with their plan to make fresh produce cleaner and cheaper from appalachia, we are coming right

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liz: fox business alert the at the minute agriculture tech company appharvest is storing 70% on the nasdaq and the final hour of the very first day of trade after going public in a blank check merger with novus capital, the kentucky based company grows tomatoes added indoor appellation farm using recycled rainwater and 0 pesticides. nba star blake griffin as an investor and celebrity chef martha stewart as a board member. as it sprouts and the heart of appalachia, will america embrace the hillbilly harvest stock, i am allowed to call it that because joining is now the ceo and founder of appharvest, jonathan webb and board member and author of the best selling

books under book hillbilly eligible. i find this fascinating but this is a big debut today, give your 112th elevator pitch to investors watching what makes appharvest as a look as an investment. >> we are building the largest controlled environment agriculture facility and were doing in the heart of central appalachia and stated in the first facility which is nearly 2.8 million square feet in size, one of the largest facilities built in the world and we are growing fruit and vegetables were 90% less water, no chemical pesticide using a lot of technology and input structure to do it. liz: you are getting customer yard meyer, kroger, walmart, who else are you trying to hit up now to make deals to buy this. >> we cannot build and grow fast enough will be at the top 25 groceries, if you look at the

problems in macro agriculture world we imported 4 billion pounds of tomatoes into the u.s. from mexico last year, that was nearly one point to billion pounds almost ten to 15 years ago we shifted our specialty crop production out of the u.s., what were working to do at appharvest is bring the production home to the u.s. in a great environment, if you look at why central appalachia it's because we can get to 70% of the u.s. in a one-day drive if you zoom out on a map and look at eastern kentucky we can get to the east coast, midwest southeast drive and right now the fruit and vegetables are coming in 2000, 3000 miles on a semi truck sitting for two weeks. we are able to grow tasty fruit and vegetable and get it to consumers in a day drive. liz: i have to tell you when we started two minutes ago you were up 17% you're now up 24%, people

are listening and watching, a big fan of the hillbilly eligible, you're a venture capitalist, please tell me what was it that attracted you to appharvest. >> i think this is the basic problem in our food system if you think about where you get your average grocery store tomato it is grown like jonathan said south of the border a lot of artificial pesticides and other ingredients that you don't want to use is grown by very low wage people who do not have great lives and it's picked weeks before you actually need it and what we saw was an opportunity with use technology bringing the point of production to the consumer you can pay people a decent wage and build a company that investors and consumers would be proud of if you just have better produce, i have some of the appharvest tomatoes, they taste incredible and taste like a garden tomato that you grow in your backyard, they don't taste like the waxing

garden tomatoes that are so common in today's grocery stores, we sell this is a perfect opportunity. liz: the cost, here's the thing i get in my mother loves to say i hate california tomatoes they taste like gasoline, probably, not all california tomatoes or mexican tomatoes but they speed up the growth, you're doing this naturally but i have to say i thought somebody for indoor farming companies were founded last year alone, this is a crowded space. what do you think is going to make you guys different? >> i think there are couple of things that make us different, the first we are not using garden-variety technology and i think jonathan often says some of the other ad tech companies are driving old fiats, were driving for aris, we have excellent tech that brings down the cost of production but also a higher quality but i think it's about team and people and i always believed is a venture

capitalist you want to invest in people who will execute and execute well and i think jonathan himself and the people that is built around them just an incredible group of people who will take this complex business and really do something with it. they birdied done great things but what is so exciting is the sky is a limit, the demand for this product is absolutely through the roof, jonathan said you cannot gold fast enough to meet the demands we have a lot of growth to go. liz: jonathan i get the whole effort here and i want our viewers to know one thing. you are not just some guy that says i'm a farmer, nothing wrong with that but you started up a big solar project for the u.s. military, the defense department, where is this going in the future, do you think now we can buy doing hydroponics and vertical farming and indoor farming 365 days a year that this will change the way we have

to buy anymore from other countries? >> we have to bring our food production back to the u.s. all fruit and vegetable production back to the u.s. and we could do that using technology in building these systems, you mentioned price earlier we are committed to not raising prices for the average everyday consumer, we know we cannot do that and we can achieve that through economies of scale building big and we run completely on recycled rainwater but you mention my background i was a part of building the largest solar facilities in the u.s. and we tried to say this is the third wave of sustainable infrastructure. ten years ago electric vehicles automotive announce controlled liz: there's some breaking news, your stock has been halted for volatility because now it is up 34% at the moment. i only venture to guess that we

do have the reddit rebels out there who are looking for two opportunities to purchase stock, jd you have seen populist moves and how things are unfair and part of the country and we know the lesser wealthy people do not often get a fair shot, that has been at the heart of the reddit rubble situation, what you make jd of what's been going on in that room dealing with the robinhood stock, people are saying we like tesla, we like gamestop, we like amc. >> i think there's two things to take away, the first we know there's a fair amount of coordination that goes on in the financial system and there's a weird reaction that the little guy is doing it but it's preposterous, the second thing a lot of these reddit social media driven traders get behind companies and brands that they actually like and to me that's what the financial system should

be about it should not just be about making money it should be about investing capital the real potential energy and companies that are doing great things and doing worthwhile things, i think this is a great business is not just a good investment opportunity integrate business making a big difference in the world and that's what makes me so excited about it. liz: we are watching appharvest up 34%, we are told it's still hard halted due to volatility. it is happy to gamestop already today. author of hillbilly elegy and along with jonathan webb the ceo of apple harvest, good luck to you guys i like what you're doing. >> were just getting started you and your team are welcome in kentucky anytime. come visit us. liz: i'm going to kentucky. i love it there. the robinhood reddit falloff sending shockwaves through the market as we have been

discussing the up next charlie gasparino all day long breaking stories, steve cohen .72 fun the owner of the new york mets is now in the middle of the storm but there is big moves that the billionaire has just made it right now. charlie breaks in a second and a speech by amazon jeff bezos inspired marla back to launcher company blue mercury in 1999 an online shopping hub for all things luxury beauty. 20 years later it's massive, more than 150 locations, sold in macy's through the u.s. hundreds of brands of makeup but her story and what jeff bezos who is been unknown but starting amazon said to her nba class that changed her world. why do you listen it might change yours, my latest episode everyone talks to liz podcast, wherever you get your podcast. the closing bell ringing in 17 minutes the dow is up to 74

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liz: two weeks ago gamestop was valued at $17 a share and went to $413 a share would you say that reflects the kind of business gamestop stores have been doing in the past two weeks. >> we sell games? liz: are you good at it? >> not really, people download other games. >> a dying business? >> "saturday night live" getting hit on the gamestop as pete davidson promotes is holding on

the stock market, robinhood could end up delaying its initial public offering thanks to reddit's wall street best crowd. robinhood is there favored free trading up, charlie gasparino i don't know where to begin even breaking stories on this hour by hour. >> let's catch our viewers up on some of the stuff happening in addition to the capital raise on robinhood. here's what we know and the fallout of the thing has been huge hedge funds potentially going down, almost went down if it weren't for a bailout, steve cohen's involved, he had a major investment in building capital which are most when under, that cost steve cohen somebody, robinhood is under pressure from walking down trades on those stocks at the center of this, let's get people caught up, let's start with steve cohen one of the world's great traders and hedge fund investors we run

something as .72 his hedge fund which has its own massive fortune of 15 billion and offers people money, that fund has been closed until we understand last week. we begin to open that fund into new investors. what is a significant, last week is when steve cohen took it on in terms of his investment where melvin was down 50%, that set steve cohen's hedge fund down dramatically as well and steve was part of a bailout of melding capital that protected his own investment and he did it along with king griffin of said ago, they opened up the hedge fund last week to new money and major firms they can invest in .72. and he sees the money and opportunity to get money from a client in sadie this is just an

opportune time to raise money and giving you both sides of the story, amid the fallout he did reopen .72 but we don't how much money you raise. in the whole drama where robinhood had trades and we've been way out ahead of this, particular shooting on the notion in a cabal with hedge funds to screw the little guy that could not be further from the truth, the logic and one problem that robinhood does have is this, it is an app but it's really a broker deal, they were unprepared for the storm that came at them. what they do know, they have to at least for now halt any plans

to go public, the theory this year giving their massive expansion and growth of users they become public i'm not saying they won't come public this year, that conversation internally is off the table and what's on the table is surviving and sure enough the system, they raise capital we were first to signal that this morning that there would be another capital more money that they will be able to access, it will have to get the controls in order and know their customers better. in one of the tenets of security laws for broker-dealers, you have to know your customer and that's something i think robinhood is going to have to do with going forward before they go public because if you know your customer is a gambler, how much margin do you let them use, they have to put down their only cash, how do you deal with that customer, robinhood will deal with them and that's what they're dealing with now before any plans to go public because the whole issue here, again i've

never believed they were in a cabal with wall street and robinhood makes more money, citadel one of the hedge funds that they were in cabal with makes more money when the average robinhood trader trades because they bite and overflow and they match and make a lot of money matching in the local market. but it did underscore system issues and robinhood. they are not more than just that, they are a broker-dealer, their responsibilities of the broker-dealer from a capital standpoint in a know your customer standpoint and those are the issues they will have to deal with before they turn to go public and i'm not saying they won't go public this year, maybe we get through this in a week and back to the public offering and get their house in order fast but that's where we are right now with robinhood going public it's on hold and on hold for the reasons i laid out. back to you. liz: indeed an important for people to understand the clearinghouse weathered citadel security or whatever, they

actually need to process and settle the trades, robinhood does not do that, you can offer the bogeyman. >> i don't think the bogeyman is human error. here's the thing it's not citadel the settles are trades, they have to comply with the tcc, they ramped up the amount of money they had to put in per capital in the middle of last week which meant they either had to get money or they had to cut off the trading. liz: we have to go to break. good work, thank you very much, charlie gasparino, the dow is up 280 we will get you an update on appharvest in just a second period ♪♪

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♪. liz: breaking news. we want to check back in on app harvest. ticker symbol apph. is went public by a spac on the nasdaq. it is still halted. just to back up a little bit. minutes ago we were in the middle of the interview. it was up 17%. our inner view was with the ceo and founder. his name is jonathan when, ad vans, author of "hillbilly elegy." he runs a firm. it was up 17% up to 33 1/2%. during our interview. a lot of people were you piling in. let's get to scott redler. people want to go long with good companies. >> one ever a new company is announced with a spac, you get excitement, you get massive

moves like you earlier mentioned. you want me to come up with two more situations in spac land? that is what i like to call it. one that is going. metro mile. they're voting on february 8th to get this acquired. mark cuban is behind it. i've been involved last month or two i still think there is another one. no one knows the company yet. goldman sachs's spac. gnhh. i am accumulating that thing. i would think goldman sachs will put a pretty impressive company. they don't want to play second or third fiddle to anyone. that is the two spacs otherwise the 15 in spac land. liz: you expect volatility. vix is down 10%. tell me what you see ahead in the next 15 seconds before the bell? >> last week we had a bit of a

shot across the bow. little corrective phase. what is important next week, amazon tomorrow will be important. [closing bell rings] i have a call spread. most tech. continue to be upside. that will let us know of some of the volatility behind them. liz: got it. connell: all right. wow, what a day. we're bouncing back as stocks look to recover some losses after the worst week in three months. plus a major snowstorm has just been taking aim throughout the day at the northeast. the revolt against wall street, taking a new target. we'll cover it all. first at the close in the stock market. let's bring you the numbers. the dow after being up as many as 353 points during the day, closing up by a shade under 230 points back above that 30,000 mark. the s&p up nearly 60 points, the nasdaq, the best of the bunch there, nasdaq recovering all 2% loss and then some friday, up