always a great insight. another group starting to take off, cannabis stocks have moved significantly higher schumer, wyden and booker are announcing plans of federal marijuana legalization proposal sometime early this year this is what folks are looking for if this goes through the stocks are going to smoke. i cannot resist, i had to use it. liz: i see what you did charles, we also have some breaking news robinhood ceo has dropped this he's calling for real-time settlement of trades, we will tell you what he's calling for in just a second but no groundhog day at all in wall street, they may have indicated winter will last six more weeks but the market is sizzling hot look at the nasdaq up 245 points within points of an all-time record close. opposite story for gamestop in the reddit after being halted before noon due to massive

volatility but gamestop tables are turning as one of its champions admits to $700,000 in losses and throws blame is the system rig for the hedge funds, we have the former brainiac who says yes because he says he helped design the game and the other big game five days away who will come out on top, tom brady or patrick mahomes play shared that, here on the door buster his app is offering ahead of super bowl sunday and why fox bet is testing the waters on how the stock market might move on any given monday. we have to get you the fox business alert back on and then brought it market but they are breaking down in the midst of a wild sell upon the opening bell gamestop fell to an intraday low of $74 and change before being halted you can see it's down 55% it's at $99 and change but still at the moment struggling amc, cost, express, blackberry seen a

significant loss but if you go above 30000 feet the dow in the s&p are on pace for the biggest gains for three months, goldman sachs leading the dow waters corpus topping s&p and workday pushing the nasdaq higher let's get to the floor show traders run off the back tom what signal is your trader since reading the reddit trading frenzy as investors turned back to tech and e-commerce knowing in the back of their mind that amazon and google report earnings "after the bell". >> the reddit rebellion is slowing down they have it stayed on the board diamond hands which means not to cell gamestop, they are rushing through a crowded narrow exit and short interest collapsed down to 36%, the squeeze is over and robinhood is selling everything that is not nailed down to get off the margin just like the hedge funds had to last excel their winners

to pay for their losers. what we like moving forward we like to find value after 75% move up where is value left we love aerospace sector on a commercial aviation recovery in the second half of this year, this can be placed when its like ita or through the top holdings like raytheon technology, general dynamics or boeing and that is really what is going to be happening moving forward. liz: leery eyed have to get to win just to show how some investors are crazy right now you can go back to sunday after elon musk sunday when on the clubhouse app a social media app not a public traded stock to talk to robinhood ceo about why his online trading up impose purchased limits on reddit stocks. investors are like it must be the next big thing and they

proceeded to buy the wrong company they bought clubhouse media totally unrelated broke that stock is high as 117% to the upside before realizing the mistake what cautionary tale are you seeing? >> i see something that we see quite often and that's topless investing going on clubhouse media is one of those that people are piling in without any fundamental, without anything the news flow and it seems like it works until it does not work, when anything of clubhouse stock people by the wrong stock they did not even know what the company was in behind all that the medical research company based in china content homes in southern california the stock has since sold off a little bit but it's about news flow and people born out of being global and they call gamble because that's with work lately. liz: is the reddit trade over? >> no i don't think it's over i don't think it's ever over the just take a different form and we've had these things go on since the beginning of the stock

market and people trying to corner stock to short squeeze stocks, i think of the piggly crisis back in 1920, i don't think it's going to go away and michael into a different format but the smart money the hedge funds et cetera will find ways to circumvent this as well, the game is definitely not over. liz: tom i'm looking at the nasdaq record we need to close 16635 and at the moment were at 16646. were above what is this a people going back -- i remember back in the day when google and amazon were the high flyers and crazy names, people were returning to these. >> just as the hedge funds had to de- risk last week there re-risking a do not want to be sure into amazon earnings or alphabet earnings, the stimulus is coming through cooperation or reconciliation and we continue to see vaccinations going up and cases coming down just with the

c.b.o. economic production for this week they expect economic growth to hit a new high midyear unemployment to plummet 5.3% and inflation to remain subdued and that's without the new stimulus on the table which we know is coming in the market is now anticipating that. liz: we haven't heard the word stimulus for a while but look at the market the dow with 583-point tom, larry, great to see you. we have to get to this part of the story robinhood ceo has just released a blog saying the existing today. the settled trade exposes investors in the industry to unnecessary risks and is right for change. while he pushes for real-time settlement meaning instantaneously barstools founder says vlad tenev should be behind bars, just days after buying up some of reddit's favorite names, today he tweeted i have officially sold all of my

mean stocks i lost 700,000-ish dollars. vlad tenev's company stole it from me and i he should be in jail. he jumped on gamestop but got burnt when robinhood had to limit the personages to a single share. now they're allowing 100 shares of gamestop. let's bring in patrick he worked at citadel investment group, he is an engineer and says he knows how the huge headphones use the training regulation to their advantage in tyler executive director healthy markets association. patrick to you first in your blog you had written the game is not fair and it never has been. individual investors even when operating in a swarm are destined to lose. how do i know i helped design the game. patrick you designed the game to do what? >> regulations had not changed to compensate for the changes in technology over the past several decades. what we see with robinhood is

the beginning, a series of things that will start happening in the market in general, citadel is an amazing opportunity for people to essentially win at the rules that are there the problem the roles that are there do not protect participants like robinhood or particular retail traders were using robinhood to attend to participate in the stock market. liz: what does he mean vlad tenev i'm talking about reading from his blog that he wants real-time clearinghouse because he says suddenly the clearinghouse which by the way not exactly your company that hugh used to workforce indigo citadel securities which is a different part of the umbrella company, basically in the middle of the night calling him saying you need to increase your deposits because we cannot cover all of these. you see anything nefarious, yet dave screaming that vlad tenev should be in prison, you finger

pointing at citadel what happened there. >> like dark pools there is this new thing, the dark forest and clearinghouse is essentially a very undulate internet and under regulated space. i cannot weigh in on vlad tenev we should not be putting anyone in jail or pointing fingers, i think dave lost a decent amount of money so he's angry but with vlad tenev's case, the clearinghouse that robinhood set up is a situation where they are new and new at participating in this game so literally a game of gamestop is something they cannot play and a lot has to do with increased exposure to clearing options but this can all be fixed with more transparency in the space. liz: let's get to tyler healthy markets the company you work for is a buy side trade group focused on transparency and keeping conflicts sort of waterloo what kind of conflict do you see right now in the

market that created this hub and drama with the reddit room? >> we have a few things, robinhood and other retail brokers largely the business model does not exist the sec are enforced by the execution requirements the revenue streams are highly dependent on being able to provide customers slightly inferior prices and hide the transaction cost associated with that. we have one part you have an incentive structure in which retail brokers in particular are incentivized to help folks take on greater risks and that's in their best interest, the broker's best interest and a retail consumer might not be that this sophisticated are getting more bang for the buck it helps the marketmakers to help make more profit on the overflow and the brokers can get paid more in the retail investor thanks i'm getting a good bang

for my buck a lot of exposure but no one is thinking about the overall risk to the marketplace and to the customers themselves. liz: let's be clear some of the hedge funds lost money they're not just winning. however, the founder of the reddit room wall street he does not run anymore but the founder jamie was on fox business earlier today and he basically said this development over the past couple weeks proves the little guy does have a seat at the table. listen to what he said they will comment. >> the boxes open there is no going back at this point. i believe this is been catalyst but shined a spotlight on this but this is been a long time in the making there needs to be a bigger conversation regarding the playing field, paradigm shift where the retail traders are taken into account with the rules, the system was designed for the big guy.

liz: patrick what do you make of that. >> is absolutely right it was designed for the big guys, i don't personally trade at all why, i know what i'm up against and there is just no way you will possibly be able to make a better decision what citadel is capable of doing that isn't anything against citadel, it's just the realistic truth. liz: tyler does that mean the sec has got to step in we know starting on february 18 vlad tenev of robinhood is good to be on the house financial services committee i hate to see how that goes down do they know enough what the problem is so they can fix the correct issue. >> i think there's a number of issues they will address but there's a couple of things we know off the back we know right now when you have prices of assets that are nowhere close to what we can think of the fundamental value and we know folks are pushing them around, manipulating out in public frankly the things posted on reddit if they were between two hedge fund managers and nobody

else all them and they were on an e-mail they would be exhibit to a criminal if not civil case, what we have to know the are the fec rules effective and being enforced on the exchange roles effective in being enforced if these prices were going to 0 instead of infinity do we think exchanges would've stepped in, we obviously have payment overflow issues but things like b-uppercase-letter climate the reason why vlad tenev is going to say i want to reduce the capital requirement that's what he wants to go through processing because he doesn't want to put up any money. he doesn't want to support his customers trade. liz: everybody has to realize this is not fantasyland and you need money to close the system. we will watch it all. patrick and tyler we will have you back you clarified some things but not everything. were looking at the broader market charging ahead, winter weather we can have a contract

exactly at the point when a new covid mass mandate takes effect. the new rules for trains, planes and automobile hubs is the big massive northeastern rolls on, closing bell and 47 minutes. russell up one and a quarter percent. we're coming right back on "the claman countdown". ♪ you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq like you living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection.

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liz: talk about a perfect storm as businesses and airports dig out from as much as 30 inches of snow by the way the past 36 hours and of course get canceled flights back on track a new mask mandate has officially kicked in at airports across the country to edward lawrence inside reagan national airport in arlington virginia. >> there are not a lot of people here in the airport just take a look at reagan national at 315 in the afternoon you could set up a bowling ally inside is partly because of the coronavirus but also the weather take a look at the board you have a number of canceled and delayed flights new york, new new jersey canceled laguardia, jfk canceled, philadelphia

delayed, it is the northeast that has been hit hard by this we talked with one traveler who has a flight direct from chicago o'hare and had to be redirected to washington, d.c. to make it there. listen to what he has to say. >> the snow shut down the east coast and it's the nature of the beast, weather will always dictate what the planes are doing. >> you saw him wearing a mask, i'm wearing a mask, it was optional or recommended by the tsa at reagan international airport, today because of the executive order that was signed by president joe biden on january 21 it is required in order to get through security checkpoint at the airport. obviously to get on planes for the airlines mandate that you have a mask, most people are doing anyway still the mandate puts teeth behind it, you can get a fine and the tsa says that

they do have a problem they will call airport police to come and deal with it it is not just planes but the same way for buses and trains also. liz: the numbers are going down which is great news, vaccinations going up, thanks so much edward it is kind of empty there. no line at the starbucks there is always a line. harley-davidson looking to recharge the business creating a whole unit devoted to clean power bikes. but why is the stock down 17.5%. they reported a bigger than expected quarter but the online wagering world that is absolutely electrified, fox bets super six taken a page from britain allowing people to win money based on their stock market predictions, throw in super bowl sunday and it's a crazy week for fox bets and the

ceo camp 11 the closing bell ringing in 40 minutes and then i went 567 any given monday what is the stock market going to do, kip joins us next lives. ♪♪

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liz: fox business alert uber investors are popping corks and today pop stock, after announcing his fine drizzly, the amazon of alcohol for $1.1 billion, uber is up 7.6% trying to expand the delivery business to offset pandemic related struggles in the ridesharing unit. we'll condo forever or at least for a season or two, disney confirming "black panther" director ryan kugler is developing a new disney+ streaming series in the fantasy kingdom, no release date for the first episode but disney is powering the dow jones industrial up 3.6%, the brake getting slammed on for rory,

record fourth-quarter results in a positive forecast not enough analyst looking for sportier figures and a clear picture which they do not see for for rory electric vehicle plans. down 5.3%. tesla shares unstoppable 335,000 recall model s and x cars not making a dent the stock is up 4.3% in the original maker agreed to a recall the administration found flaws in some of the cars built before 2018 touch screens that could cause crashes. first db cohen now elon musk falling to the reddit rebellion on twitter, tesla and. : chief saying he will be off twitter for a while reed heated not cited reason he's already had trouble in the past for his tweets and his recent # bitcoin comment last week drawing a lot

of attention and credit and a little focus on the surges that both under both investments often tweeted. opening up strong 2.8% despite elon musk's break. videogame maker electronic art hitting an all-time high after announcing the return of the college football videogame franchise it was discontinued back in 2014 but the stock is jumping 2.5% right now as gamers are doing a little retro in zone dance, something patrick mahomes probably plans to do on sunday. >> urine young athlete and you play any sport and you don't look up to guys like tom brady then you are crazy. liz: the defending super bowl champ quarterback showing his admiration to his challenger this upcoming sunday tampa bay bucs quarterback tom brady as americans across the country

decide who they want to dare we say invest in a new survey showing 51% of americans will make some type of super bowl but with 43% of respondents saying they will put $100 on the big game, melania news that has to put a smile on our next guest phase, kip levin owned by the parent company of fox business and that is fox corporation, kip you ever really wild and exciting week in fact a few more days until the super bowl plus you just launched last friday in michigan, how is that going. >> thank you for having me on, i think that's probably an understatement we had a very busy week, very excited we just launched michigan the fourth state for fox but that were live in and by all intensive purposes are big estate launched to date, numbers are a couple days in and

really looking great and obvious and driven by a huge interest in the super bowl as you mentioned. liz: your timing is perfect because we are days away from the big game but tell me what kind of numbers, can you compare them to your previous entries into states like pennsylvania and new jersey? >> it is early days but if you look at how fast the overall market has grown, there are now over 20 states that have some form of legal sports betting liven up running there's probably another 10 - 15 states that are in active legislation around getting alive hopefully this year, it is moving quickly, there is broad interest in obviously big dollars and as well under the current environment an opportunity for them to legalize, regulate and get the tax dollars. liz: we saw what happened in tennessee they have huge tax revenue from some of the entrance there you have to tell me about the free to play games

that you have because you know how to be a michigan or the other states to do that and it's almost like you guys have a door buster situation going on you want to attract new people to download the app obviously what are you offering and what action are you seeing? >> the super six week come off a really successful nfl season and now we have over 4 million customers who have signed up and playing on a weekly basis, obviously we have again for this coming week the super bowl that anybody complaints free to enter and were giving away $250,000 in prizes every week we gave over a couple million dollars to this nfl season which is relevant to your audience we are taken advantage to the stock market there is even a gamer running free to enter and predict what's going to happen in the stock market this week and win $10000. liz: that is amazing, you guys

are going into that one i can only imagine tell me what kind of action you see on that so people can predict what the market is going to do on that monday, any given monday and is not the way you plan to separate yourself from the pack that is out there it's a crowded field, barstools sports, draftkings, fan dual, this is a fast growing sector. >> the game was built around this concept the super six to predict what was going to happen in six different nfl games on any given sunday we saw a ton of success in doing contest around politics throughout the political season that we just went through and now as we try different things were turning our attention to the market and it's been a wild week as you very well know and we launch the game up at our first one up on

saturday it closed last night we had over 400,000 entries. very little marketing just putting them out there. there is a lot of interest across the board. liz: let us know if video of those jump on the reddit wall street bets. it's great to see you good luck at the super bowl . i don't even know, i'm picking the cleveland browns, wait they're not in it. that is my team. >> i can't advise that one but thank you for having me. liz: kip levin of fox bat. smart money gearing up for a street fight, charlie is about to break it he's been working all afternoon on why hedge funds are fearing the worst and the fallout from the reddit rebellion and how they plan to fight back. here comes the big fall of money for somebody but who. the closing bell ringing in 28 minutes and the dow up 564.

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the one big money hedge funds worrying they better do something and fast as the reddit room crowd is infuriated about the development that we have seen in the heavily shorted stocks. charlie gasparino joining us with the inside scoop on what the hedge funds are planning to do. >> it is not just reddit crowd, it is congress, somehow the short squeeze that led to massive amounts of speculative on penny stocks a few weeks ago is now driving congress to take up the issue of shortselling and regulation on hedge funds in the hedge fund industry is hearing

that loud and clear and they notice today elizabeth warren in particular someone not a friend of the hedge fund massachusetts progressive senator is on the finance a midi which means she is -- she has a bull's-eye on the hedge fund industry, what i understand the lobby groups that represent the hedge fund industry known as the managed funds association that is the hedge fund lobby group is now gearing up for battle with congress essentially with the senate to essentially give it side of the story that hedge funds were not at issue, they were not the root cause of the robinhood what happened robinhood and gamestop in the other stocks that they had nothing to do with the clearing requirements of the dtc see that forced robinhood to suspend trading they were essentially in some ways they would say victims i don't think anybody would be crying for those victims but they will try to fight back what

they see looming in this trigger for looming legislation that they knew it might come because the newer administration republicans do not control congress even though it's 50/50 and kamala harris was a tiebreaker. they did not see this trigger coming and this is a trigger they believe could really result in massive legislation against the hedge fund industry and what would they legislate against, one of the major possibilities, this is what's really scaring them is the use of shortselling, betting that stocks go down and make money is somehow bad for the u.s. economy, bad for the market and needs to curtail dramatically, how will they fight against that, they are going to show the evidence in the evidence as much as it sounds short sell can they profit off of losses, they are going to show you that over time from imran and even to the

short-sellers are the reason why major scandals have been uncovered saving investors tens, hundreds of billions of dollars. let me just finish this. absolutely right, they will bombard elizabeth warren and aoc in the rest of congress saying this is our record this is what we do. there also going to show what's not been done, i've been talking people close to the managed foundation trade group, lobby group they do this for living they were totally caught off guard by the triggering event which is the whole gamestop stuff and if you think about it gamestop -- they did not think that would be the trigger in the legislation again short cells because short cells lost money they did not make money. but it is coming and they know it's coming and they will basically say if you look at the markets touting is a much more

provo yet and problematic instance in the market then overstepping a short sale. a short sale. liz: what you make of vlad tenev of robinhood saying he is pushing for real-time clearinghouse clearing of stock trades? >> let me finish this one thing you're given me a detour they will also push investors small are at risk of touts and valiant to enron they have short-sellers uncovered and saved a lot of people money. in terms of real-time clearing i'm not an expert playing in the markets. obviously blat is not a expert playing at the markets either, he would not about the issues and caught off guard by will happen. i don't think he did anything wrong, i think that's why they locked on the trading because they did not have enough capital for the settlement so i'm just

saying this is a very complicated thing there is an ipo for robinhood that they planned and bloomberg said they're still planning on doing it. i reported yesterday it's on hold i still believe it's on hold until they get through this. here's the thing i say on hold they have to get through this first. what is this the regulatory scrutiny and congressional scrutiny, navalny is going to be called before congress. just think about the ipo by your before a congressional committee. that usually does not happen. liz: not going to happen. not the best timing. the only difference between salad and garbage is timing. and by the way i want our viewers to know that gamestop stock is down 57% we have about 18 minutes left to trade. charlie thank you very much.

let's put things into perspective the stock is up 411% year to date. tech titans ready to snatch back the crowns the king of surge, that would be google and amazon about to unleash the latest quarterly numbers "after the bell", will this action put the reddit room into the background and for how long, maybe for good work in a crunch the numbers next. speaking of amazon founder jeff bezos must've said something so incredibly inspiring because blue mercury founder was listening when he came years ago to speak before her class in the late '90s. guess what she ended up founding a multi-multi million dollar company with more than 150 different outlets and huge makeup, everybody talks to liz podcast on apple, spotify, google, here what jeff bezos said to her that inspired her to become quite the startup queen.

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liz: appharvest stock plane timor seats yesterday during the middle of our interview jonathan webb and board member during the indoor farming disruptor stock debut shares began spiking so quickly the stock got halted for volatility it happened right at this point yesterday, when the high-tech farming company started trading again after our interview shares jumped as much as 49% before closing at $35.85 for a gain of 43%. that is the first day of trade

today shares are sprouting a bit more to a session high of higher 13.5% before taking a breath it is up half 8% right now. investors will get an idea of how the pandemic infected amazon and also that the tech titans releasing results "after the bell" let's get to gerri willis on big tech, big earnings, all of it. >> that is right, big tech, big earnings these stocks up ahead of the reports let's start with amazon bottom-line estimates for the fourth quarter $7.23, revenue expected to come in at 119.7 billion and they would break the hundred billion barrier for the first time just as apple did only a few days ago. let's break down their businesses, the business unit, no surprise online stores expected to come in at 62.10 billion in sales. amazon responsible for 40% of

all online shopping, the online shopping numbers going to the pandemic, also strategically important business for amazon cnet 12.87 billion and challenges for the company regulatory we've been looking for anything that might be said about this, the sec ahead of this report is $61 million fine for failure to pay full tips to drivers, before i go let's turn to google shares of the parent alphabet hitting an all-time high of tonight's report expectations are high consensus estimates at $15.90 a share, the bottom line top line at 53.13 billion. analysts have said they expect double digit growth in search and youtube with cloud business reaching for but not getting the profitability. lots of big numbers come out we will be watching closely. back to you. liz: so good to see you thank you very much.

gerri willis. forget gamestop, tootsie roll express coming up the small-cap our countdown closer said are poised for way bigger moves than the reddit rebellions and moves that'll stay high, the closing bell ringing in ten minutes, we do have if you look at the nasdaq basically an all-time record close on pat. don't go away we have a few minutes before we hear the closing bellringer. ♪t shingles, you need protection. but no matter how healthy you feel your immune system declines as you age, increasing your risk for getting shingles. so what can protect you? shingrix protects. for the first time ever, you can protect yourself from shingles with a vaccine proven to be over 90% effective.

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keeping your oysters business growing about protecting yourself with shingrix. has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed . . ♪. liz: we're six minutes away from the closing bell. we could have a new nasdaq record. here is the number to watch, 13,635. right now we're at 13,638. just right there, guys. stay with me here. the so-called people stocks are definitely coming back down to earth but our "countdown" closer says there are plenty of other small caps set to blast off as the early cycle economy takes

flight. david waddle. is here joining us with some names. what do you like in the climate that you believe is a way better play than some of these stocks that have gotten so much attention lately? >> liz, thank you for having me on. good to see you again. i don't think you have to get too cute with names. i think one of the lessons from last week money flows determine a lot in terms of the way the stock market react. we're factor investors. i would say small caps in general are due a bid after not getting much attending the past couple years. money flows in small caps are record level right now and the most forgotten is small cap value. we like fundamental indices. we'll buy a basket of stocks. maybe overweight financials a little bit, industrials, some early cycle winners. you can do that through simple etfs like the schwab fundamental u.s. company index, not pay very much in operating expense ratios. i don't think you have to get

too cute. i think that trade works. it probably works for a couple of years. liz: well sure, the basket of stocks, tupperware, cleveland chiefs, tesla in the edta holds. that is the etf we popped up here. i look at russell. i watched russell so many years and they continue to rear their head. you have during the financial crisis whatever, the one year of the russell we're just off the 52-week high. what will propel us, david? the vaccination is making its way through the united states thankfully. hopefully we'll get through this on the other side at some point during 2021. what do you think happens from 30,000 feet? >> well you're also going to get according to the reconciliation process the another $1.9 trillion in spending across the economy so we're running a 15% fiscal deficit. we're used to running three to

4% fiscal deficits there is enormous amount of aggregate demand that is being flushed into the economy through the government. plus the fed is printing 70 billion a month keeping interest rates at zero. this is the best of times if you think about economic propulsion. where you want to be with those most levered to it. large cap earnings over next two years will grow 40%. small cap earnings will grow 120%. if you want to play the economic recovery. go where the leverage is, the leverage is down the small cap spectrum in the small cap space. liz: the vix, the fear index down 14% right now on a day where we see, i would argue as we jump 215 points for the nasdaq, we're just off the all-time record close at the moment, that we do have volatility. volatility isn't just a drop when the markets are selling off. is there a play for volatility that you look at? >> i like to see a little high

volatility. i also like to see the events of last week sort of take a little bit of sentiment off boil. bull markets climb a wall of worry. even though we are rather bullish, there are still pockets of worry. the vix represents that. i view that as a good thing. that means there is still nerves, anxiety out there. cash still on the sidelines. volatility levels are high. there is a wall of money circulating around in this market. i view that in contrarian fashion as positive. it means not everyone is in yet. liz: well, yes. what have we seen with the reddit room drama that that has unfolded. they're was such a pile-on. we see some of those names are pulling back. i want to quickly as we look at dow winners, goldman, caterpillar, walt disney, dow, american express, gamestop. at the moment down nearly 60%. six, zero percent. i do remind our viewers. it is you have 5000% over the

past 52 weeks. lovely to see you, david. >> thank you. liz: breaking news on spacex. we need to tell you they were in the middle of a test situation for a spacex probe type rocket and it ex-moded. it had perfect takeoff. let's put it that way. but it exploded when it landed. no humans on board. it was otherwise successful high altitude test launch. but the incident happened earlier today, was repeat of a accident that destroyed a previous test rocket. again as it landed, it did not land exactly back down straight. you can see there an explosion happened. listen, no guts no glory, that is the beauty of spacex. i was there 15, 20 years ago, when elon musk had a robket ship in an old hangar in hawthorne, el segundo, california. look where we are now.

as the closing bell rings, the dow still see as gain of 41 -- 481 points. [closing bell rings] a wild day where reddit favors broke down. a fade if you will of the reddit trade. that will do it for "the claman countdown." let me send it over to "after the bell." connell: a rally on wall street. the market frenzy continues to reverse course as well today. now uninvestors are looking at two of the biggest names in technology. they're about to report their results just minutes from now. we are all over all of that. at the close the dow is up on the day by some 476 points. off the highs, but still a fine gain for the dow. the s&p is about 1% from record territory after rising 52 points in today's trading session. nasdaq was fighting for a record close. coming up short. needed to be up 232 points for a record. instead closes higher by 209 points. that is still more than