i'd rather own the stuff that is going to benefit from that recovery we're going to see over the next year or two as we recover from the pandemic. charles: okay. dan suzuki, i know you're also concerned about inflation. unfortunately, we're out of time. i'll give you much more next time. thank you very much. in the meantime, those big mega growth names are, indeed, leading the market again. liz claman, over to you. liz: yeah. i mean, you've got to figure the white house coming out and saying productive stimulus talks, right, with both dems and the gop have the bulls taking charge? charles: absolutely. $2 trillion, of course. [laughter] liz: yeah -- [laughter] of course that's going to be a huge pillow. but guess what? it's google that's also specifically listing the nasdaq -- lifting the nasdaq to new all-time highs. dow, s&p and nasdaq all looking at three straight days of gains. all we need is 23 points higher for the nasdaq to see an all-time record close.

bombshell aftermath, did amazon's announcement that founder jeff bezos would leave his ceo post just send a smoke signal to warehouse workers and drivers that now might be their moment to unionize? what would that mean for the stock? our all-star panel games amazon's near future. and before leo dicaprio portrayed the wolf of wall street on the big screen, jordan belfort was notorious for his pump and dump schemes. the wolf of wall street is here to tell us what he makes of the reddit short trades and if he sees anything shady going on in those chat rooms. and one california mayor fighting tooth and nail to keep companies like ebay, sis owe, paypal and adobe from just picking up and leaving its hometown, stopping the high-tax exodus from the golden state. at this hour, the dust is settling on jeff bezos' bombshell announcement that he will transition to the role of executive chairman by the third

quarter. incoming ceo andy jassy may have more on his plate than he really wants. from worker attempts to unionize, to a potential antitrust investigation. as bezos reaches for the stars with his space company, blue origins, which groups back on earth see his exit as the exact opportunity they might have been waiting for? if jason boyce has two decades in the marketplace, he's the author of "amazon young withing: the truth about amazon," and scott redler of t3 trading counts amazon in his portfolio, and he's waiting on a stock split. all right, scott, we'll get to you in a second. jason, to you first. would andy jassy, who runs the cloud computing business, be your choice to step into bezos' shoes if you were in charge? >> hi, liz, and thanks for having me back on the show. so my personal preference -- remember, i come from the e-commerce side. my personal preference would have been that jeff willkie not step down so that dave clark could take over, and jeff

willkie would take that number one position. andy jassy just doesn't have the consumer side, but that's just my personal preference. i think amazon has named themself as a service business and a technology company, and frankly, with jeff willkie stepping down -- [inaudible] liz: okay. yeah, andy jassy runs the cloud computing business. 60% of amazon's operating revenue is coming from that division. all right. andy jassy has the position, but he faces two very pressing issues, jason, for amazon. this coming monday 6,000 amazon warehouse workers in alabama are going to vote to unionize. if that vote pass, it would be the first -- passes, it would be the first union in amazon's history. how delicate because he and, i'm sure jeff bezos is going to be the was ard of -- wiz a ard of oz behind the curtain, do they have to be? >> i think andy jassy quickly is going to wish, long for the days

of just building the aws platform -- [laughter] laugh into what it is today. 50% market share, what an amazing job he's done. he's going to miss those days. i think half of his day, maybe longer, will be spent with amazon lawyers. you know, the union thing, i've been watching very closely in alabama. i keep asking myself the question, if they do unionize, what's the next brick to fall, and will amazon just pick up, shut down and move into louisiana where they've got a new sc spinning? very interesting story, but i think the real story here, you nailed it, liz, jeff bezos isn't going anywhere. he's going to step behind the curtain, and he's going to push andy jassy into that hot seat in front of the judiciary committees, and he's going to be very happy to not have to take that any longer. liz: oh, joy. i'm sure he's thinking, thanks, jeff. okay. let me get to scott redler. you've got that issue, the potential unionizing and whether it's the warehouse workers or, you know, the drivers are

unhappy in some cases, their tips have been withheld, there are the third-party sellers who may revolt and bring up the antitrust issue, too much power at amazon, you might say. i know your you're a chartist, you look at the technicals, but what would those two things do if they were to come to pass for the stock? >> well, amazon's been climbing a wall of worry for the last decade, if not two. just like microsoft dud when ited had its antitrust nose that passed and became one of the biggest winners out there. google in november settled its antitrust e.u. problems and the stock was at 1600, now it's at 2000. of at this point i think a lot of it is important, but amazon's trying to raise the minimum wage, that's a positive. amazon has definitely been hiring, so that's helping with the antitrust. it's hard for any of these things to come to fruition. i don't think they could break up amazon. if you want to talk the stock, i could tell you what i'm thinking

short term and midterm. i think the walls of worries will stay there, and amazon will climb it over time. liz: jason, let's get to the third-party sellers. they may agitate, you know, i'm not making an exact comparison to the app store that apple runs, but you've got epic games, sirius, and they're not the only ones, you know, taking a 30% off the top for each app developer has them infuriated at apple. you would know more about what the actual fee is for a third-party seller, but maybe they get in front of congress and start complaining about the antitrust issue. is that a possibility? >> yeah. well, look, liz, great -- thank you for bringing up the third-party seller. amazon, again, wouldn't be what it is without them. and a bombshell report came out from my friend, marketplace joe at marketplace pulse, who said the real story is amazon's gmv, their gross merchandise value, is estimated at $490 billion in

2020. $300 billion came from third-party sellers. and so, you know, i sat in on the earnings call. scott, maybe you did as well. i'm increasingly frustrated at each of these earnings call, they talk about the success of aws, yes. what they're not telling you is that this online marketplace is a gold mine. there are more profit dollars made from the third-party seller than even potentially aws. why would they do that? they don't want the world to know that they now have 62% online market share in online retail. they don't want to poke the bear which is antitrust. and, frankly, i don't think they want their competitors to know how the online marketplace is printing money for them. 45 cents of every dollar is going back to amazon. liz: yeah, it's huge. and quickly, scott, we've got to run, but do you ever expect this stock will split? i know you've been agitating for that. >> well, listen, this is a

supply and demand problem right now. between mckenzie and jeff, they own 20% of the amazon shares, and because jeff is leaving, he might even start selling more shares than he's been doing to fund his space operation. he sells about a billion dollars' worth of stock a year. most institutions already own the stock in this $3300 range. retail is not excited about buying a $33 -- 3400 stock. it created a nice move, a nice appreciation for investors. they need to split this stock this way, if they do, then all of a sudden the volume increases, they can get out of their shares, new investors can come in, and i think that would be the catalyst that the market needs. everyone's, like, it's going to explode, what a fantastic quarter. no, it's not. this is not what traders wanted, and we need to take a little step back here because there's still the same pressure, etc., that could be existing. i think they dropped the ball

there. liz: stock under a little bit of pressure, down 1%. and, yes, you need a lot of coin to work on that rocket ship company, blue origin. jason, or scott, great to have you. by the way, the bezos bombshell was just one of the topics we hit, start your day with me on tiktok. we started really early in the morning -- yeah, no hair, no makeup, it's just liz with the headlines after i roll out of bed. now, while amazon may be the talk of the day, it's google shares we were just talking about providing the rocket fuel to the a nasdaq rally. nasdaq's barreling toward a new record close after just missing the mark yesterday by 23 points. but let's flip it over to google which is spiking after reporting a 23% jump in revenue last quarter. the stock is up 9%. to our floor show traders, teddy and scott. teddy, after the bell we're getting quarterly reports from ebay, paypal, grub, iac, a bunch of other names.

do earnings matter again, and who's the next google to move the market? up or down? >> the answer is quite clear. earnings always matter, liz. and the earnings are the mother's milk of all stock woes. [laughter] at the end of the day, it's all about corporate earnings. now, when you get to the earnings, it's sort of a trifecta. you have the top line, the bottom line and the guidance. and those companies that can get all three of them pointing in the positive direction, the stocks are always seem to be rewarded. after that if you start to get to misses, it gets a little problematical, but if you get misses, the most important thing to look for is the guy who's going forward. but do earnings matter? you bet. they will always matter. liz: okay. i couldn't agree more. but, scott, okay, what are you buying ahead of the earnings report? where are the order flows that you're seeing? >> yeah, absolutely, liz. and let's go back one second here, if you don't mind. google is only about 3% of the

entire nasdaq space, so the move that we've seen at moth over the last couple -- at microsoft over the last couple of weeks has meant more, google has. i think it's those kind of mid-level, those second and third tier nasdaq stocks that are going to make or break when we get out to new highs. i like paypal a lot, i'm a little worried about the print here. i think it's a little bit overextended, but i would be a big buyer on any dip. i look at a stock who doesn't have earnings for another three or four weeks, a stock like a costco which, again, is kind of right in the mid level of the nasdaq here, and i like a stock like that. i love it way ahead of earnings right now, i love retail. but i think it's those kinds of stocks, liz, those -- again, i call them mid-level, mid-tier stocks on the nasdaq, that's really going to provide the make or break whether we break out as opposed to looking at a one-off like an apple or an amazon or an

alphabet. liz: guys, it's so great to have you. you're the experts. you've been trading for decades. it's great to have you both, scott and teddy. thank you so very much. >> thanks, liz. liz: all right. as we are watching, was reddit's short squeeze rebellion the ultimate pump and dump scheme for the 21st century or a legit warning that retail investors are way more powerful than anyone thought? jordan belfort, known as the wolf of wall street, served prison time for pump and dump schemes. he's here. i'm going to ask him that question when he joins us next. closing bell ringing in 48 minutes. nasdaq up 47. that's a record, but we've got, as i said, 47 minutes before we see the real thing happen. "the claman countdown" coming right back. ♪ cancer means being relentless. because every day matters. and having more of them is possible with verzenio, the only one of its kind

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♪ muckliz: at this hour if you're looking for the reason reddit stocks from gamestop to amc, nokia, you could look at naked, all of these sort of hot reddit-room stocks are in the green after yesterday's blistering selloff, you could argue it's the millions of traders in the reddit room still urging retail investors to hold on to shares.

this as new treasury secretary janet yellen is going to meet with key staff from the sec, the fed, the commodity futures trading commission to figure out where the gaping holes in the market system are and who's really in the reddit rebels rooms causing the massive price swings and whether big hedge funds tried to silence them. who'd known better than the man known as the wolf of wall street? jordan belfort, played bily by y leodicaprio, joins us live. jordan, great to have you. the commenters in the wall street room still urging investors to hold on. what has changed for you in the past 24 hours on whether there are pump andpers hiding in that room? >> i would think at this point the law has changed, actually. this is an evolving story and will continue to evolve over the coming weeks. what you're seeing right now is sort of the middle, the lull

before the next storm hits here, because you have these drastic moves down, a slight bounce up. my guess is you'll probably have what's called a sucker's rally where it starts to go back up and back down again. but there's different types of people in these chat rooms, and i think that's the issue that some of them, i think the core of people, the ones that started this actually had pure intentions. they weren't looking to manipulate stocks, they have a lot of anger at institutions, at the establishmentment they saw what they thought was a good idea, a short squeeze. but then people jumped in, the hot money jumped in. i'm sure some funds jumped in and, obviously, as things got out of control, my guess is funds did whatever they could to try to stop the buying then, hence, robinhood making their decisions. who knows whether that was caused by them running out of capital or a combination of them getting short on capital and having pressure from hedge funds. i'm guessing it was a combination of the two. liz: would you say that there are at least some pump and

dumpers in that wall street bets room? >> yes, there are, but -- certainly, of course there are. but i think that they wouldn't, the ones that are really -- you have to go this there to believe it, some of the things that they're seeing. there's a lot of people there that are just, like, really passionate about not even making money. it's almost like it's they want to have a cause that they can just drive into the heart of wall street which it deems a corrupt institution in general. it's really shocking to see. and some of them, obviously, they do their research. but it's really interesting that there's a lot of this undercurrent there. it's a populist revolt in some way. and then there's those, you're right, there's certainly some pump and dumpers in there as well, and that's my fear is that you're going to see people -- i've said this before, i had a guy in my house fixing a tv, my grandmother just told me she's -- [laughter] should she buy gamestop? that's when you see the problems

really start. so i think people may have understood what they were doing, now it's a little different. liz: yeah. with your younger, pre-prison self, if the reddit rooms existed then, would you be in there? you, of course, pushed a lot of penny stocks, worthless stocks, on unsuspecting investors, and you did serve 22 months in prison for that. but if this were before all that, is that the kind of thing where a guy who thought like you did would be in there trying to make a buck there? >> well, just to be clear, i wasn't selling penny stocks, i was selling $5 stocks. they weren't worthless, they were overvalued, and that's a very important distinction. this is a big difference between a worthless stock and an overvalued stock because it's exactly what's happening with gamestop. it's certainly massively overvalued at some point. i guess it also got undervalued when the shorts were trying to drive people out of it. but the answer to your question, that aside is, yes. the first thing i said was, my

god, reddit is like they're all getting behind these relatively thinly-traded stocks. however, when you dig deeper into the room, you'll see they're not really out there to manipulate stocks. some of them really believe in these investments, believe it or not, and others are behind the cause, and they believe that wall street is inherentlyville, and whether they make money or lose money is incidental. and that's scary, by the way, because that means the money is not really smart money. they call themselves retards. they actually say i can stay retarded longer than they can stay crazy. that's the way it is. liz: yeah. some of the language, that's why we have to be very careful when we show it. if it's just, you know, crazy stuff going on in there. >> [inaudible] right? liz: yeah. which leads me to janet yellen, and here come the regulators. they may meet as early as tomorrow. the fed's going to be there, the

sec, the cftc, the pta -- [laughter] i mean, everybody's going in there. they're going to try and find holes in the system. if you were a fly on the wall, or, heck, if they said, jordan, where are the holes in the system? because, a, we've got to make sure that it's a fair system, and i don't know if that can ever happen and, b, we have to find out if the big hedge funds came in and manipulated, whether it was the clearinghouses, there are all kinds of accusations. >> sure. liz: what would you tell them tomorrow? >> and i probably do more about this for the reasons that you stated than most people in the world. i would say people in reddit are really not responsible. i'm on the side of the little guy here. i think it's extraordinary. but that being said, what happens here is there's collateral damage and consequences to their actions. i don't think they realize that. so the big issue is going to be what caused robinhood to do what they did.

why did they suspend if trading and buying in those stocks? was it purely because of capital reasons, or were they getting pressure from hedge funds. that's a really important question that needs to get answers. as far as these types of short squeezes, i will tell you this, long before janet yellen or anybody at the sec can ever do anything about this, wall street will close the gap itself. they will figure out a way to stop inefficiencies like this from existing. so i strongly doubt that the sec will be the ones that fix anything here. i believe it will be the system itself will simply stop -- the shorts won't get that short anymore. you understand? like, they look for these inefficiencies, and they close those arbitrages very quickly. i don't think it takes the government to fix this as much as it just simply will be harder and harder to find opportunities that are so obvious rife for short squeeze. so i think that's really the bigger, the bigger thing to look for. liz: the original wolf of wall street, jordan belfort. thank you very much. >> my pleasure.

liz: good to hear from people who know, who know from whence they speak. thanks, jordan. chewy finding puppy love in the pandemic. shares are up more than 272% in just the past year. so no surprise that its online success is actually leaving mom and pop in the doghouse. up next, the local pet store owner who's refusing to roll over and how it's barking back at chewy's bite. closing bell ringing in 36 minutes. nasdaq still up 28 points, needs to be up, as we said, 23 points to see an all-type record close. stay tuned. ♪

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liz: fox business alert, we're watching the market equivalent of the double doink in today's pot stocks. just yesterday, ea with regard up a new record high on the announcement that it plans to revive its college football

video game, but some major penalty flags on disappointing profit guidance from the madden maker after missing estimates during the holiday quarter. ea down about 5.9%. spotify also hitting a sour note with its guidance. here's the second of the double doink. the podcaster failing to meet estimates on its q1 revenue and paid subscriber guy dance, blaming uncertainty regarding how long the stay at home halo effect might last. spotify down 8%. but take a look at kohl's. the stock is popping. ing is kohl's going to take on lululemon? upgrading the retailer to outperform as it prepares to launch a new offensive in the at lleisure wars. kohl's is jumping 7.2%. it's at $46.61. they're predicting that a 20% upside from yesterday's close is

on the way. soon to be competitor lululemon getting squeezed, down 3.a -- 3.5% in the final 31 minutes of trade. to pet retail. as animal adoptions in the u.s. reach an all-time high during the pandemic, according to animal welfare experts there are 173 million pets in american homes. you would think that translates to just an incredible windfall for the pet supply business, but only one part of it. joining us now from pet salon primp my paws -- [laughter] in new york is jerry -- oh, who is that little, little fluff puss? i love that. >> this is winnie. yes, don't you love this story? oh, you are so precious. [laughter] there are a bunch of them in here, and i've been playing with them since i got here, and i'm

covered in pet hair. the pet industry the, as you said, overall it's been doing very well. sales have been up 9%, but total sales, $100 billion. and one segment languishing. places just like this one, right? which are owned by mom and pops have not been doing well. one woman here, kim, who you're seeing right here, she is working against that trend. listen. >> they're seeing them more, they're taking them out more, and i think that it's a way to maintain some kind of normalcy. when you're so restricted and you can't go anywhere else and the groomer's open, oh, let me get fluffy cleaned. >> reporter: all right, so kim's doing well, but most mom and pops are not. in fact, when you look at online stores, the big retailers, they're seeing their industry shrink from 8% to 4% of total sales. so you can see what's going on

here in the grooming salon here in dog's ferry. back to you, liz. liz: look who's here, gerri? i don't know if you can see my puppy. this is rosie. rosie literally sits right next to me during every show. pick on chewy, little guys. thank you, gerri willis. [laughter] >> reporter: you're welcome. liz: elon musk is making a dramatic exit from california, leaving for texas for its lower taxes and pro-business policies. but we have the silicon valley mayor who's looking to plug the dam before it breaks completely. san jose mayor live right here next on what he's doing to keep silicon valley's biggest names from following in the tesla ceo's footsteps. california leaving? not if he can help it. closing bell ringing in 28 minutes. dow is up 73, s&p better by 9,

nasdaq losing just a bit of steam here, we're now up 12. ♪ ♪

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♪ liz: all right. align technology, this is the latest company heading for the exits in california, leaving san jose for arizona. while the stock is down about big names like oracle, tesla, hewlett-packard in leaving the golden state or at least expanding beyond and not choosing california. the mayor of san jose warning state legislators, you'd better wake up before it is too late. that mayor is san jose mayor sam liccardo. he joins us live now. isn't this all just a situation where they're being taxed to death, and they just can't deal with it anymore, sam? >> well, liz, good to be with you. certainly, taxes are part of it, but there's a much bigger picture, of course.

very high housing costs, which we know are challenges for all the employees and all of us here as well as regulations and energy costs. so it's a confluence of issues here. and i think where we have to start in solving these challenges is to stop blaming tech for them which seems to be sort of the pastime for an awful lot of folks in my line of work. politicians have the job, certainly, of fixing problems, and blaming tech won't do that. liz: yeah. well, changing things at a state level is like sludging through quick sand. i mean, it's going to take forever. what are you doing, what can you do in san jose to at least keep the san jose companies from fleeing? >> well, what's interesting is we're seeing here in san jose as we look at, for example, a align and hewlett-packard enterprises, these are companies that actually invested in expanding their presence here in san jose as they're moving their headquarters out of state. so they like having the talent

here in silicon valley because, of course, we have amazing engineers and computer scientists and others that clearly are in demand. but the taxes and regulations of the state are what are prompting folks to move besides they are headquarters among other issues. certainly, housing costs are driving a lot of this, and local control has been a big issue in a all of that. the fact that small cities and towns are not willing to allow dense housing are imposing a lot of regulations and fees on housing development, that is constraining the supply, and we know that's driving up the cost of housing here in the bay area and throughout the state of california. so certainly there's a lot that local communities can do to make the communities more housing-friendly which has a huge impact on cost. liz: well, i do have to say though, you know, tesla was vulnerable to leave, and we watched this happen on a national level here at fox business. when it is having an argument with the california legislators

over, you know, it was partly pandemic issue and some of the regulations there, but greg abbott who, of course, is the governor of texas the, saw this and immediately threw up a tweet -- this was a while ago, but basically he was like, come on down, elon musk, you can save taxes if you move headquarters to texas. and sure enough, guess where the new battery factory is being built? it's going to be in texas. so there's a huge missed opportunity there. >> well, certainly. and, look, elon musk and other billionaires may flee. that's not going to ruin silicon valley. what would ruin silicon valley is we're no longer the place where young innovators and fast growing small companies want to be and grow. and that's what i'm really most concerned about. certainly, there's no question that large, mature companies whether it's tesla or many of the other great tech companies we have here in the valley are going to continue to grow in other states, and we expect

that. what we have to do is reduce the barriers to entry for those innovators who aren't the teslas because that's really where the future of silicon valley is and where it has always been. it is with those who want to innovate and grow. liz: new york is having the exact same situation, sam. in fact, we just talked to john oranger, he founded shutter stock in soil can alley here -- silicon alley here in manhattan. he did not stick around and now he is -- it's not that he's moving shutter stock, he is starting an incubator in miami and not here in new york city. and that, i think, is what we're talking about. he was just on the show saying, forget it, you know? he's leaving and he's going to start up a bunch of things and attract the very very talent tht you're talking about. >> well, you know, that is, by the way, a very challenging enterprise. talent just sunt magically land because -- just doesn't magically land because somebody announced they want to launch a

fund or -- liz: yeah, but it will if housing is cheaper in miami than the valley. i mean, palo alto, silicon valley, san jose. >> yeah, absolutely. and, you know, the valley's really thrived because we have been a place that has really been welcoming those who maybe, the non-traditional, those who think differently, those -- immigrants, certainly, of who have built this valley. and my great fear is that we become a place that imposes barriers to entry for many of those. often financial barriers, but also cultural barriers and, or frankly, the tone matters in how we deal with tech. and, for example, if we have a monoculture which does not allow independent thinking, then that is going to be a barrier to entry. so it's important for a number of different reasons throughout this country to recognize the importance, certainly the financial barriers, but also the tone we set and how welcoming we are to tech.

liz: i want you running my town one dayment although i love our mayor in edgewater, new jersey. sam, good luck to you. hold on to those companies, if you can. sam liccardo. [laughter] and they have the san jose sharks. i mean, you've got an nhl team, why wouldn't you stay in san jose? scott's mering cl grow revealing its super bowl ad. we're digging into that, and charlie breaks it. plussing, you want to talk about silicon valley? well, the queen of app creators, she just created -- it's not her first -- the hooked app. she joins my everyone talks to liz podcast this week. of after strug thing for years as an entrepreneur and failing with or without a salary, she woke up one day to at least her first app number one in the app store. but then she just quit the silicon valley lifestyle. it wasn't for her.

her deem was dissolving. she and her husband sol their belongings, yet their jobs. you have got the hear her story. the queen of apps, perna gupta. download it on spotify, apple, google podcasts. we are coming right back. dow jones industrials, we do have between on the screen. the nasdaq back up 332 points. we could see --32 points. we could see a record. in these uncertain times, it's important to own physical gold.

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♪ limu emu & doug ♪ h■ñsrú ■nhey limu! [ 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. ♪ ♪ liz: scott's miracle gro, the garden supply company crushing it on consumer sales which surged 147%, boosting scott's to its first ever fiscal first quarter profit versus estimates

for a seasonal-based loss. okay, the stock up 4.6%. why? well, hydroponics, such a big part of the sales jump here. pot farming uses hydroponics. take a look at weed stock today which are kind of lighting up -- [laughter] 7.2 billion act acquisition of gw pharma, jazz down 2.8% but gw up 44%. ing tilray up 10%, in the past week has a made deals to supply france and portugal with medical marijuana for research purposes. we've got to get to charles schwab's stock. shares are gapping down after charlie gasparino just tweeted that in the wake of the reddit rebellion, order flow and short selling could be targeted op capitol hill. on capitol hill. why specifically is that affecting schwab? >> you know, you've still got me

confused because i just caught a little bit of your last hit. hydrocolonics? liz: hydroponics. >> oh, i thought you said hydrocolonnics. liz: no, and that would be high colonic, darling. [laughter] hydroponic. [laughter] okay, to schwab, please. >> glad we got that out of the way. [laughter] let's get to the serious news. let's just lay this out for discount brokers either charge you no commission or very low commission. they do that because they don't match the buyers and the sellers. they sell those, that order flow to parties like a brokerage firm, high frequency broker. citadel securities, a high frequency broker and many others. and they get paid for that order flow. so that's how robinhood and

schwab make money. they -- and then the brokers turn around, and they make a lot of money off the bid/ask. that's just how it works. and that's why you can trade very low cost on schwab, for free on robinhood. if you do anything to stop that practice or put some roadblocks up on that practice because there are, there is controversy surrounding it, the brokers are using that information from the small investors to produce trades, they take advantage of people. there's a lot of controversy -- liz: market makers. >> -- if you do something that that does that, it's going to hurt the company. they may have to start reinstituting higher fees, or it will eat into their bottom lines. if robinhood was public right now, it would trade off on this news. as you point out, this isn't baked in yet. it's far from baked in. all's i'm doing is talking to some sources that know about

what's being shattered on capitol hill in terms of a response to the robinhood, led kit, gamestop frenzy -- reddit, gamestop frenzy. that there's going to be some regulatory response, possibly legislative response, and what are people talking about? and there are certain issues that they're talking about. they're talking about, you know, more rules on short selling, making it more difficult. i think that would be dumb, but i'm not calling the shots here. elizabeth warren is calling the shots, and bernie sanders is calling the shots. aoc might be calling the shotses. that -- shots. that's one thing -- liz: ted cruz. >> -- make short selling more difficult, more disclosure, you name it. the other thing that we hear is on the table is the system -- sounds like an esoteric system -- a payment for order flow. just so you know, if you're the small investor out there and you're addicted to very low cost or no-commission trading, if

they end that practice, you're going to have to start paying for trading because that's how robinhood allows you to trade at no cost. now, we don't know if this is going to happen. i'm just giving people early read of what's being chatteredded about among congressional aides. hold on to your seats, there may be -- i don't want to go there. i was going to mention hydrocolonics, but you get the -- [laughter] you get the picture here, liz. back to you. liz: no, charlie, i get you. i get you. all right, thank you very much. charlie gasparino. you know, big difference, though, between, as you say, market makers and clearinghouses. it's an important distinction. but as we continue, vive -- viva las vegas. why our $30 billion countdown closer says now is the time to take the gamble on casinos. super bowl sunday coming? could that have anything to do with it? closing bell is ringing in seven

minutes. the dow hanging on to gains of 67 points. the s&p up by 8. the nasdaq, uh-oh, it's up by 7. not enough for a record close -- 17. we'll see what happens. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... ♪ if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur.

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♪. liz: okay. we only have about 3 1/2 minutes left before the bell rings. nasdaq just short of a record. needs to be up 23 points. it is up nine right now. we need to look at bitcoin. it just topped a key level it hasn't seen since early mid-january. $37,000 per coin. it is 347,083 doll -- $37,083. despite the pandemic, our 33 billion-dollar closer still says now is the time to take the ball an run with it when it comes to casinos and other

consumer stocks. let's bring in caamos investments ceo. you're doing right with 33 billion, john. why casinos right now? >> thank you, liz. appreciate you being, having me on the program. liz: sure. >> there is definitely some pent-up demand in some of the consumer products, casinos being one of them. right? it is not just casinos. it's restaurants. it's hotels. it's all the, leisure, airlines. those are all going to do better here as soon as we open up this economy. there is a lot of pent-up demand. that is what we think will do next six months to a year? liz: so you're looking at casinos more as consumer stocks because they are all encompassing of so many things that people want to do. airlines are up today. you need to take an airline most often to the casinos wherever they may be. do you got the sense once

vaccination starts to move all the way through the united states, it is better to buy now versus in a month or two? >> well, the prices are down now, so it is obviously better to buy at cheaper prices. we're going to see a rally in these. things are going to get better. it is a buying opportunity. some of software, cloud, type of stocks, those are going to do well going forward as well. we've seen a rotation from some of the growth in the cyclicals all the way back to september. that has increased since the biden presidency. having said that, the last couple weeks, the big tech names have overcome that. we'll see some of that flow back into this market but we still have a bias towards growth. liz: well, it's a smart bias to have. we know the techs have not disappointed when it comes to growth. john, great to have you on the show. tell the gang at calamos we said

hello. here we go. the nasdaq not at a record. [closing bell rings] it fumbled all of it is gains. dow better by 51. oil kissing, piercing topping $55 a barrel. stay tuned. time for "after the bell." connell: we were fighting for the record books today. strong tech results driving market higher as we lose steam heading into the close. as we look at numbers as we close things out, dow, s&p 500, nasdaq will close today in the green. at least the first two for the third straight day, nasdaq a few minutes ago, we've been looking to see if nasdaq would close at a record high. we need ad 23 point gain. we're giving back all the gains last few minutes of trade. looks like it will settle lower down by two points. the other number we want to highlight here is oil. oil hitting a one-yearig