tv The Claman Countdown FOX Business February 4, 2021 3:00pm-4:01pm EST
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changing their symbol. i asked the question, what other ones are out there? matthew said how about apple, aapl to appl? makes sense. how about google to commie? he actually says ccp, but what the heck? another wanted to know why not gamestop to sos. certainly that would be applicable today, and apple to ccp if, we know what that means, of course, from plausible denier. and someone thinks blackberry is going to go into outer space. liz clayman, over to you. [laughter] liz: let me borrow that book. although, charles, did you see the meme that elon us musk tweet, he put a lion king twist on the -- charles: it's crazy. liz: you know, no joke. yeah, i mean, we're going to show viewers what that is doing to the cryptocoin even as your
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guest just said it's a joke, and i'm sure some of our viewers might take issue with that. president joe biden speak at the state department at this very moment. it is his first visit to the diplomatic center. we are going to take you straight to the white house in just a moment. in the meantime, the s&p 500 and the nasdaq are on track for a record -- both of them, yeah. markets rallying for the fourth straight day as jobless claims for the week hit a two month low. that's a good sign. and gig economy workers, at least some of them, are heading back to work. as that jobs picture becomes more clear and vaccinations cut down on covid cases, one of wall street's and main street's most widely followed strategists, liz ann saunders, on where the markets might go and where the vulnerabilities are hiding. plus, clash of america's space cowboy titans. jeff bezos quitting as amazon's
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ceo to focus on his rocket ship company, blue george origin -- blue origin just as spacex clocks a new record-breaking launch. our all-star panel on who's ahead in the space race and what a faceoff between the galaxy's two richest men might mean for the space industry. and, oh, by the way, breaking news, there's a thursday player entering this. and back on terra firma, a massive settlement in that mine collapse. you remember this horrific, unclearing an ocean of mining waste that killed 270 people. we have details on that settlement straight ahead. breaking news, we are watching defense stocks very closely right now. president joe biden laying out his diplomatic vision, and those stocks are in the green right now. the president spoke to at the state department, his first visit at the offices of one of the key cabinet agencies that he plans to use to repair america's image with its allies. let us get to blake burman. he's at the white house right
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now. >> reporter: hi there, liz. the white house says the president will be making remarks on the economy tomorrow the, by the way. today the president was over at the state department, and there is still lots of news as it relates to the potential rescue plan that this administration is trying to push forward. as we heard from american airlines today the, liz, saying that they could potentially furlough 13,000 workers by next month. united airlines saying 14,000 potentially as well on that timeline as well. the white house press secretary, jen psaki, was asked today whether or not getting another round of relief to the airlines, payroll support -- remember, there were two different tranches in 20 -- whether the president would support a third round for the airlineses in this rescue plan. and the white house made it clear that that is not at the top of the president's priority list. watch. >> there's a process that will be ongoing on capitol hill over the course of the next days and through the course of next week where there'll be amendments put
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forward to work on committees, but i think the priorities of the president are already in the bill. >> reporter: democrats are also starting to acknowledge, liz, that their hopes of including a $15 minimum wage in the relief package might not work under the rules. the house speaker nancy pelosi today saying they are still waiting to try to figure out if that could happen, but if not, they will try to push the measure elsewhere. finish. -- >> so just because something might not be in one bill, and we don't accept that yet, but if it isn't, we have other places to do it. in fact, i wish we were talking about a living wage, but $15 an hour is an important improvement over that. >> reporter: the bottom line with that, liz, is that democrats, if they decide to go the route of not trying to gain republican support at least in the senate that way of going the 50-vote route, there's a question of whether or not the minimum wage is a budget measure versus a policy measure. so they're trying to figure out
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if that fits within the rules. if it doesn't, they might have to go a different route. but with democrats controlling the white house, the house and the senate, it's certainly possible that it's something they could do at some point over the upcoming two years. liz? liz: blake, thank you very much. and watch the consumer stocks, because if they get those checks, boom, that's where they spend. get ready for what could eclipse every stock story tomorrow. the labor department releases the january jobs report. u.s. economy expected to have added 50,000 new non-farm payrolls for the month, but you know what? let's tee this up with one of wall street's most widely-followed chief investment strategists, charles schwab's liz ann saunders. aiz ann, great of to have you. we had december, and it was an ugly surprise loss of 140,000 jobs. what are you expecting tomorrow? >> well, we don't, we don't attempt to forecast these numbers even in a normal environment, let alone with the
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vagaries of trying to calculate this accurately. so, yeah, i mean, the consensus is 50. i haven't heard anything resembling a whisper number because it's difficult to do that. but i really think what's key on these friday jobs reports are not just the headlines of payrolls and the unemployment rate, but one level lower that the i think reflects the scarring impact of covid. so i'd be focused also on the differential between temporary job losses and permanent job losses. until last month they were moving in the wrong direction, meaning permanent job losses were going up. that's an impact of scarring. and then also with regard to the unemployment rate, what percentage of those that remain unemployed have been unemployed for more than 27 weeks. that's considered long-term employment. so those aren't the sort of sublevel numbers that tend to get much interest or focus. i think in this unique period of time those, in addition to the headline numbers, are what i would keep an eye on.
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liz: i could not agree with you more. you know, i was looking deep because we're nerds -- [laughter] i was looking deep into the first-time jobless claims number, and the one thing that really jumped out at me was that we got a lot of gig economy workers that watch this show. there were fewer of them joining the unemployment rolls for the first time and fewer on the continuing claims line are. they don't get the usual unemployment benefits, but because of the cares act, they were able to. that's certainly a good sign. but you've got to tell me from your trained eye, is there any vulnerability or plural, vulnerabilities, that you see that we should really be focusing on, i, but they're hidden? >> well, this is a broader answer not just specific to gig economy workers. i think the narrative that exists now especially since early november when we got the initial positive vaccine news from pfizer is even though we don't know with any kind of time certainty when we will be largely vaccinated and be able
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to start to move toward whatever the post-pandemic norm looks like, but part of that narrative is massive pent-up demand. and i'm not so sure there is as much validity to that argument. i think on the good side of the economy a lot of that demand has been met throughout whether it's housing, housing related, home improvement, autos, electronics. so i don't think you're going to see as much pent-up demand from that point up. i think on the services side if you just think about the nature of pent-up demand on services, you know, if you missed haircuts like i have over the covid period of time -- [laughter] you know, your hair salon opens back up, you get a haircut. you don't get eight of them. you probably don't recover all your restaurant vicinities by going out to make -- visits by going out every day for breakfast, brunch, lunch, tea, or dinner, dessert. there's a different nature of pent-up demand on the services side. and then the big question is, is there sort of an unleashing by
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virtue of this crisis in a greater focus on maintaining sort of a comfort nest egg, maintaining a higher level of savings. so some of the narrative around that surge we're going to see in economic growth is all of this excess savings will come back into the economy. i don't know, but i think that's the questions we're going to have to get answers to. liz: and some of them, that excess money, went into obviously what we have now seen play out with the reddit rebellion. some of those stocks are are starting to look like they're waving the red flags. i know you don't talk about individual stocks, but as we put up gamestop, this was a $483 stock. folks, it is at a session low, down about 38%, below $57 a share now. these darlings are really kind of collapsing, at least some of them. what does this say, liz ann, about how the markets may feel,
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react? what can people expect as we see the momentum come off the this drama that we've seen? if. >> well, keep in mind they were darlings for a very, very condensed period of time, and other than having sympathy, of course, for anybody that might be a novice trader that got sort of, you know, sucked into this and lost money, we all have sympathy for them. but it was such a condensed period of time with, i think, lessons being learned very quickly without the kind of systemic collapse that occurred stay in the, you know, period. so i think it's sending an appropriate message that there's a huge difference between very short-term gambling and speculating especially if it's not based on fundamentals, but sort of the greater fool theory of i'm just hoping to buy and sell at a higher price tomorrow versus long-term fundamental investing. i think it's wonderful that we've attracted interest in the market by younger traders and investors. the key is bridging that gap from short-term speculation to
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understanding the difference between that and long-term fundamental investing. liz: liz ann sonders of charles schwab, great to see you. thank you so much. >> thanks, liz. liz: we've got to look at the market here in just a second we'll get you the numbers, but how about this? an intergalactic battle heating up on earth as the two richest men in the galaxy go head to head. jeff bezos and elon musk, the money and muscle behind blue origin and spacex. is bezos' space empire too far behind spacex in the contents for the title of top space cowboy, or does bezos e have something up his sleeve? dave brody and andrew channan are here to hannity cap the next leg of the space race. with the bell ringing in -- bell ringing in 45 minutes, we are coming right back on "the claman
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ignition and liftoff. [background sounds] liz: okay, you guys, that was crack of dawn in this morning. spacex made history for the fastest turn around between flights. elon missing's space start-up launching its fall champion 9 rocket for the -- falcon 9 rocket just 29 days after its last launch. today's mission sending the space race into a new gear. spacex's success comes just two days after soon to be ex-amazon ceo jeff bezos announced he's going to be taking a step back if his longtime ceo post to take a biggest role in blue origin. bezos, in fact, writing today in a letter published by fast company.com, quote, blue origin is the most important work i'm doing. i have great conviction on it based on a simple argument, earth the best planet. so who's going to win this battle of the space cowboys if this that's the question. we bring it to our guests, space
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documentarian dave boldty and procure am ceo andrew channan who founded the ufo etf which, by the way, is hitting an all-time high right now. andrew, that's awesome. dave, to you first. okay, or just cut to the chase here for the moment. who's ahead, bezos or pussing in this space race? >> they're -- musk. >> who's going to win? the world's richest person, the other richest person. mr. musk probably has the hair advantage, but let's remember that jeff bezos has been the quintessential forties in this race -- tortoise in this race. he often quotes navy seals who say, you know, slow and smooth and smooth is fast. so will we see him catch up? i think so. ultimately, they have two slightly different visions. i suppose the question for us lowly investor types watching this clash of the titans is how can we make a little money and
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with whom first. but maybe another question to ask is in the long run, who has the better vision for protecting the planet earth and helping to advance humanity. liz: you know, we've been showing the successes of spacex where he's been able to land reusable rockets onto platforms in the ocean with very whimsical names like of course i love you and just read the instructions. years ago you were the one who flagged me on elon musk starting a space exploration start-up which was just incredible. i've got to say, dave, he just sent in the dragon capsule humans. we know that, of course, the artemis nasa effort, it really would like to send people back to the moon, and we know that blue origin wants to be there too. they put up a mock-up. they're not ready yet though. so in a way, isn't elon way ahead on this? >> well, i don't know. i mean, he is not ahead in terms of landing a lunar module onto
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the surface of the moon. that's a specialty that maybe the blue origin folks have been hiring the smart engineers on. so, you know, the jury is still out. and elon has some other technologies that are, obviously, larger than the ocean, but he has just recently acquired a pair of oil rigs in the gulf of mexico, and we think the intent is to fly the big star ship off of oil rigs out in the gulf which will keep the federal aviation agency off of his back a little bit more. and elon, of course, is using the falcon not only for people, but he has a launch contract with many, but among them notably our national security assets are being lofted into space on falcon 9 rockets. so that's got to maybe make the blue origin folks saying we've got to kick it up a notch, but we're going to find out. they have a plan, and i think they're sticking to it. liz: it helps to be a
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billionaire. andrew, the ufo etf which has the biggest holding of virgin galactic, iridium, a lot of satellite operators, is hitting a record high right now. why do you think that is? is it because you know have all these billionaires? let's not forget, of course, richard branson, who is a billionaire who's gotten into virgin galactic, that's suborbital space travel, but tell me what's going on as far as investment is concerned. >> looking at these two aforementioned billionaires, and although they have different strategies, one thing they both agree on is how important reusability of rockets are. and what we're seeing just today with spacex setting the new record for the quickest reuse of a rocket, we're able to lower the cost of entry to outer space. and that's something cha we're seeing -- that we're seeing benefit the entire space industry. companies can try new things, they can send satellites up into
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orbit at a significantly reduced cost. groups like nasa who had to rely on russia now use spacex and do it for roughly $30 million less per seat. so we're seeing this renewed interest in the space economy like we've never seen before. liz: yeah. and, dave, you're seeing a major interest overall. i mentioned the third breaking news billionaire, craig mccaw, the telecom billionaire, is now getting involved in that. you've already got a legendary ego battle between musk and bezos. then you throw mccaw into the picture, you know, is this the great privatization of space opportunity? nasa had to just end, obviously, the space shuttle program because it wasn't advancing. >> well, yeah, this is it. this is the exciting time. these are the barnstorm thing era in outer space. the fight currently is over these massive constellations, large numbers of satellites, thousands of them.
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musk has his star link. currently they're flying at 1,000 kilometers plus, he would like to bring them down which is causing problems for jeff bezos' project which already had planned to fly their satellites at a lower altitude. they're worried about -- low earth is a finite resource, so they're worried about collisions and radio frequency interference. craig mccaw comes to the table now having tried this in the 1990s after she sold mccaw cellular to at&t. that big venture was a little bit too early. he was not alone. there was iridium which has been repurposed. i'm proud to say i lost money on all of them. finish. [laughter] so now he's trying again with a large constellation of satellites basically an internet in the sky to serve underserved
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populations. none of these things will be as fast as 5g, i don't think, but there's a of the world that doesn't -- a lot of the world that doesn't have connectivity anything close to that. liz: andrew, quickly, do you expect any of these guys to go public at some point? this. >> we certainly hope so. i think what we're seeing is there is an investment appetite for companies to enter the public markets whether it's from a spac, spin-off, an ipo, i think this competition is great for lowering the cost to entry because this competition, you know, keeps each of these companies on their toes. liz: got it. great to have both of you. dave brody and andrew channan, by the way, if infinity and beyond weren't enough, the spacex ceo wading into the cryptospf sphere. wait until you hear the story behind elon musk's lion
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liz: fox business alert, finding your long lost cousin or your real dad? is a powering the debut of a dna-focused spac. genetic testing kit maker 23 and me getting adopted by acquisition corp.. shares surging on the $3.5 billion deal right now, jumping 24%. and, listen, 23 and me actually can look through your dna and find out what you may be in store for with certain predilections, we don't know, but it's fascinating to see such a big move. and apple driving closer to its dream of an autonomous car with the south korean car giant, kia.
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apple's up 2.25% on that news. hyundai, which bought a majority stake of kia back in 1998, is up 5% right now. and peloton's big wheels just keep on turning. the high-tech bike maker set to report its holiday quarter results this afternoon. the stay at home winner up 350% over the past year and is expected to post its first billion dollar quarterly revenue ever after the bell. peloton up 7%. i love me some jim sherman. and cody. and hannah. all right, and the super bowl less than four days away, but it's game on for the national football league and skill,z. together the two will launch a global game developer challenge to create a new mobile sport powered by the platform with joint marketing for both skillz and the nfl. so yakker e, or -- so, yeah,
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shares jumping 24%. and andrew paradise is going to be here monday on the off-season action that he is creating with the nfl. so stay tuned the, make sure you join in on monday right here on "the claman countdown." you know, this anticipation for super bowl lv building and building. will patrick mahomes lead the kansas city chiefs and bring back to back super bowls home? or will tom brady continue bolstering arguably the great back resumé of all time -- greatest quarterback resume of all time? okay, if we don't know, ashley ashley webster does. [laughter] he's in tampa right now, the home of the big game which, you know, always, these games provide much-needed boosts for the local economy. but particularly where you are, they really need it. ashley: they really do, liz. and, you know, it's interesting, because of the ongoing battle
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with the coronavirus, how much of that is going to take away some of the luster and certainly the economic boost that the super bowl would provide for the city of tampa bay. let me give you some numbers very quickly from last year's super bowl in miami which the chiefs won, as we know. the result for the local economy last year was a boost of some $572 million. that's very impressive. and when you broke it down even more, the average amount of money that the fans spent last year in miami, $593 per day. they had a great time. now, does that translate to what's going to happen this year in tampa? well, you know, anecdotally i've walked around, and it's been a little subdued, a little quiet. i've been in other host cities before this, i've been in new orleans, i've been in atlanta, there was more buzz. certainly, covid is having an impact. the stadium for the game will be about two-thirds empty. about 25,000 out of a possible 68,000, so a little over that.
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but there are fewer visitors here, no doubt, and they are getting here later in the week. so you're losing a little bit of that buzz. now, i spoke to local business owners who told me this isn't the first time they've dealt with major sporting events involving tampa teams. it's happened before, they say, but they also hope and believe that they will get a boost to their a bottom line. take a listen. >> this entire past year, i mean, the lightning won the stanley cup, now the bucs are going to be super bowl, and two of those happened with zero attendance. >> it probably won't be what it would normally do as far as other super bowls that we've had in the past. however, it's definitely going to be a shot in the arm. finish. ashley: you know what's interesting, liz? restaurants here can open to 100%. the governor, ron desantis, of florida. people have said, you know what? when you open to 100%, some people are put off. they don't want to be in what would be a normal situation.
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when it's 25%, 50%, they're more likely to come in which suggests, i guess, a change in consumer behavior. that's for the big games. i have seen some groups of kansas city chiefs fans saying, thank you, we're not in kansas anymore. it is very quiet, but also a lot of fans driving around in their trucks, honking their horns. so far, i would say just a little muted. back who you. -- back to you. liz: i never thought i would say this. but go, tom brady. yeah, i know. i can't. because i love the underdogs. is he an underdog, is that possible in. ashley: i know. liz: i don't even know, but ashley, thank you so much. ashley webster. all right. the drama in these two names bigger than any movie you see on an amc screen. but will the gamestop trade -- which is collapsing at this hour -- be the end of days for the big shorts? short seller gordon johnson and
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♪ ♪ liz: the reddit darlings trading frenzy is crumbling in some of the most traded names, but reports say at some point today treasury secretary janet yellen will supposedly convene a major meeting with wall street's top cops from the federal reserve, the federal bank of new york, commodity futures trading commission and the securities and exchange commission. they will gather to scrutinize the volatility in names like amc and gamestop and what was really at the heart of the online trading app robinhood's move to suddenly limit buy trades in
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those names. short seller gordon johnson joins me to discuss this issue along with our very own charlie gasparino. charlie, gordon, i want you to have a conversation about this but, gordon, i guess we could really start with what you think they're going to focus on, and is that the right thing? >> liz, is so i don't know what they're going to focus on in the meeting. janet yellen said she was going to recuse herself from anything like this. she got an ethics waiver. but i really think short sellers are getting a bad rap. if you look at what short selling is and think about what it is, over the past 12 years every major fraud, corporate fraud, has been uncovered by short sellers, the most recent of which was the hinlden berg report that showed they were misrepresenting their trust which led to their ceo stepping down. short sellers are a key part of a functioning market, and blaming this on short sellers is, number one, wrong, and if
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you take that out, i think it's going to hurt the market overall. >> let's unpack -- i agree with gordon. let's unpack why short sellers are involved in this. this shouldn't be about short selling. a hedge fund or maybe other hedge funds that heavily shorted the stocks of gamestop, of amc, of blackberry who said these are companies that were in trouble, they were, they a basically shorted it at the wrong time when the market was going up. then there was a short squeeze that's put on which happens a lot, traders ganging up to bid up the price of the shares. remember, short sellers make money when shares go down. and then all of a sudden it became a huge issue, a populist issue because robinhood, if you canty jest all this, i know -- candigest all this, i know it's crazy, robinhood had to because of regulatory issues, settlement concerns, and put a halt on selling -- excuse me, buying of these stocks. and when you throw all that
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together in the populist grinder that we live in the now where you have rush limbaugh on this one and aoc and ted cruz are fighting about everything to gain populist points, well, people went after wall street. when you go after wall street, you always go after short sellers and the big guys. we should point out one oh thing, that janet yellen is recusing herself because she got paid by citadel -- >> well, she got an earth e thicks waiver. >> i'm not saying there's anything wrong with it, i'm just saying that's why. even that's absurd. people ought to point fingers at citadel. all citadel does is buy the order flow from robinhood to match the buyers and sellers and allows you, the small investors, to basically trade for free. when you start unpacking this -- liz: they are market makers. yes, exactly. >> [inaudible] liz: what do you think? >> high frequency trading.
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liz: gordon? >> could i jump in? one other thing i wanted to highlight is everybody keeps talking about how 140% of the float was short. that's just incorrect. anybody who says that doesn't understand what shorting is. effectively, the way it works is when you short a stock, on the other side of that there's a share that's long. so if bloomberg has 140% short, that's not really 140%. it's 140 divided by 240, so really only 53% short. so people don't understand short selling, and they're going on all these tv networks and acting as if short interest, there actually is shares available, and that's just wrong -- [inaudible conversations] >> well, gordon, you walked me through this other day, so i kind of get it now. but when you talk about outstanding shares, there is more short than the theoretical outstanding shares. why it's probably not that bug
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of a teal -- big of a deal, someone else owns the stock, right? then they will pay that person more money to cover theirs, and it goes on and on and on. nothing really happens here other than a lot of people are short a stock because they don't like the stock. it is really not a manipulation involved, and that's -- [inaudible conversations] >> right. there's absolutely no manipulation. in fact, if you look at a stock chart over the past decade, if you say shorts are driving the stock market down, just look at that chart. it's not true. shorting is extremely dangerous. if you really want to talk about manipulation, you know, we're not saying manipulation, but just think about this, right? you know, i think everybody looks at tesla. if you look at tesla, you have a ceo who makes, puts out proclamations of products and makes promises that are usually years late or never come to fruition. and, you know, somehow alleged to just pump up the stock. and then you also have analysts
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putting out reports where they're putting out -- they're taking their price targets up every single week. and, you know, as long as stocks are going up, it's almost like it's okay if people are doing things that are questionable, but as soon as they go down, they yell manipulation -- liz: i'm not -- guys, we've got to run, but i am not -- >> [inaudible] liz: gordon, very quickly, charlie. >> just let me make the point. the upshot is trucked be regulation, and that -- there could be regulation. liz: and, gordon, some shorts put out research that is not quality, and maybe they have an underlying implication that they're trying to move a stock in a different way -- >> liz, liz -- liz: anybody in d.c. can fix that. [inaudible conversations] liz: charlie? >> if you have a great business, you have no problem with short sellers because your business will pan out, and it'll show if anybody's saying sell your stock and your business is going to go
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down, you don't worry about that if you have a great business. if you have a questionable -- >> it's also much more -- liz: gordon johnson, charlie, thank you very much. i'm glad that gordon just brought up elon musk and tesla, but elon is raising eyebrows yet again with a one-word or between, and that has at least one cryptocurrency going absolutely crazy. we're going to explain next. and after struggling for years as an entrepreneur living without a salary -- yeah -- perna gupta and her husband sold their belongings and quit their jobs to travel the world inspiring her latest adventure which is the hooked app. downloaded more than 100 million times. she is now the queen of apps. you've got to hear her story on my everyone talks to liz podcast. it's available on spotify, google, apple. wherever you get your podcasts. dow is still up 278. we've got the nasdaq on track
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for a new record, it's up 128. ♪ ♪ ♪ limu emu & doug ♪ hey 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. ♪ ♪♪ ♪♪ ♪♪
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♪ ♪ liz: an historic settlement dragging down shares of brazilian miner valet heading into the close. it was a horrendous and tragic scene back in january of 2019 when one of the company's dams collapsed, killing 270 people. they were buried alive, and it led to mass pollution of rivers and the surrounding regions. vale now agreeing to pay $7 billion in compensation. by the way, that figure, the biggest settlement ever in brazil's history, but it will not have any bearing on pending
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homicide and criminal charges the world's largest iron ore miner and former executives face. and, yes, that includes the former ceo. vale's stock down 2.5%. let us make a turn here. when elon musk tweets, the world listens. especially the crypto world when it has to do with cryptocurrency. in a series of tweets early today, musk set off an investor february si with a single word -- frenzy with a single word, doing, in a tweeted reply to a picture he then posted of after rocket heading to the moon. doge is really on the move. if let's get to kristina partsinevelos who's been following this story. >> reporter: thank you. elon musk may not always be a man of his word, but his tweets sure are worth a lot. elon musk promised he was going to take a break from twitter, but only two days later he broke that vow, and he tweeted about
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this cryptocurrency doge. this is a lion king meme, rafiki's face is elon musk, simba's face is the doge logo, and this is symbolism for the soaring price of doge. but what is it? it's a peer-to-peer cryptocurrency. it was invented back in 2013 as a joke, and it's still considered a joke, but yet its year to date value has increased 659%. on january 28th, that's just last week, doge coin was the most tweeted-about cryptocurrency, beating out bitcoin. a lot of it had to do with those reddit investors, they were talking about it on wall street bets. so much so that robinhood, that free-trading platform, had to disable its instant buying button which means you could take instant bank transfers to
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purchase some of these cryptocurrencies. but you have today billionaires reuniting on twitter, mark cuban also tweeting about doge coin adding to the momentum. and we are seeing this all across the cryptocurrency markets with bitcoin, bitcoin just above $37,000 right now. they believe that bitcoin will hit at least 40,000. jpmorgan predicting the 100,000 point. we know elon musk is wealthy, he's actually worst about $1 -- worth about 180 billion, beating out jeff bezos, and we also know his tweets are worth a lot. liz? liz: well, well, well. just to let people know, doge coin right now is about four and a half cents, so i get what mark cuban's saying. it's not a big extension of your wallet. we're watching it all. kristina, thanks very much. and, by the way, doge coin was
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one of today's hot topic. if you start your day with me on tiktok every morning, you get to see me in my sweats and who knows what, but i give you the hot stories people are talking about. i think something like 15,000 people have watched it so far today aroan. follow me @red fox liz on tiktok. we'll coming right back, don't go away. when you drive this smooth, you save with allstate the future of auto insurance is here you've never been in better hands allstate click or call for a quote today
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liz: we are getting breaking news. former president trump senior advisor jason miller is telling fox news that donald trump will not testify at the senate impeachment trial. we are hitting session highs right now. so we got to ask the question, will the winners of the post-covid recovery be dividend growth names? you get paid for waiting no matter what the markets are doing. today's countdown closer jamie
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cox has them. how much are they paying me just to hold the stock? >> liz, last year as a terrible year for dividend stocks. you had cut after cut after cut. this year will be the opposite. you will see recovery. dividend stocks will be the place to be with all the interest rate cuts. chevron, broadcom, a lot of dividend plays will be over 3%. people need to pay attention to non-u.s. companies because the dividend yields for non-u.s. companies continue to rise even in the face of what could be a slow recovery. nevertheless you will get paid to wait. so i believe a lot of tech companies winners of last year will be sold out a little bit. what will be bought are the dividend growth names. chevron is a great story. liz: i get that. however, if you look at what's happening you want to buy a company that is actually a great one. i'm not saying they're not, chevron and philip morris are both if businesses that are
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highly regulated. right now they're under attack by newer opportunities. electric vehicles, people not smoking as much, et cetera. you have to tell me why those two names? >> these are definitely ripe for disruption but no question about it. that is exactly the type of company will pay out a higher dividend. they don't have the same growth prospects. they have cash flow to return to investors. that is one of ways we get dividend growth plays. i believe those particular companies are definitely situated for higher dividend. look at a company like exxonmobil and chevron, they will defend the dividend to the death. if you're an investor needs the income, a lot of people who are retired that need income, that is the type of corporation, the kind of management team you want. because that dividend is protected above all else. that is critical for some of these other names i mentioned as well. liz: kerring which is the french
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conglomerate. and nl. thanks for joining us, jamie. i like the background, jamie. we're at new records right now. here comes the bell. what can i tell you. [closing bell rings] nasdaq, s&p brand new record close. a record breaking day. now with peloton earnings coming up. connell: we are back to setting records on wall street. stocks climbing. earnings season continues to impress. there is always hope for stimulus. we'll be talking about all of that. as we look at the numbers at the close, the major averages are higher. the forth day in a row we've been up. we close at highs of the session with the dow up 332 points. the s&p 500, does close at a record high. up 42 on the day. 3872 is the highest close for the history of the s&p 500. same for the nasdaq. the nasdaq closing higher by 167
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