tv The Claman Countdown FOX Business February 5, 2021 3:00pm-4:01pm EST
3:00 pm
people talked about twitter, me coming on for a grand slam. i will give it now. tampa bay bucs. don't take the points, take the money line and parlay that with tails on the coin toss. charles: rob and the patriots. i've got kansas city. liz claman, over to you. liz: i got the bucs. you know, how can you bet against brady? have a good one. charles: it's hard. it's hard. liz: tell me about it. i know, being a browns fan. you guys, wall street is about to wrap up such a wild week with new records and the longest winning streak in six months. the dow up for five straight days while the s&p, nasdaq and russell 2000 look to close at all-time highs. the dow for its part needs about 132 points to join them. it's up 75 right now. markets are cheering more stimulus as the biden administration's $1.9 trillion covid relief plan just took its second major leap forward in the wee hours of the morning.
3:01 pm
we are going to get the latest from capitol hill. video game developers, will they answer the call of duty during the pandemic. how are the makers of some of the biggest blockbuster games preparing for the end of days for the lockdown model? the ceo of gaming creation tools leader unity software is here in a fox business exclusive. and the countdown to the big game is on. just 51 and a half hours but who's counting, away from kickoff. we will take you live to tampa, to the host committee chairman, about how his city and businesses there are preparing for the first and hopefully last, right, pandemic super bowl. please. not again. on this super bowl friday, the reddit crowd scoring a touchdown. gamestop moving higher. this isn't the touchdown. this might be perhaps a field goal, right? it is moving higher by 13.6%, clawing its way off yesterday's
3:02 pm
one-month low of $53 overnight. overnight online trading at robinhood lifted trading restrictions on gamestop's stock and how much investors could do it. that's the touchdown that they scored. shares of amc initially got a bump this morning but yeah, amc is enduring a more volatile session. it right now is down 4.6%. price action in ufo. the space focus etf whose founder we just had on the show yesterday is still heading into orbit, hitting a fresh all-time high of $30.19. its largest holding is virgin galactic which was dipping. it continues down about 2% but yeah, the ufo etf is still moving higher. as for virgin galactic it's up about 130% quarter to date still. ford outpacing gm stock in this final hour. not only did ford beat analysts' earnings estimates but it beat
3:03 pm
gm to its super bowl ad punchline. gm just released its big game ad featuring will ferrell, keenan thompson andawkwafina. here's the commercial. >> soar away. >> i won't stand for it. with gm2, we are going to crush those losers. liz: without spending even a dime on a $5 million super bowl ad, ford norway division released this online ad of its evs already zipping around oslo delivering pizza. ford sold 4,000 of its just-released mach es in norway. bit of a buzz there. ford up 1%. gm up .25%. as the legacy names in vehicles speed higher, take a look at pure play electric vehicle
3:04 pm
companies nikola and nio down. it's a bumpy ride for peloton stock. okay. 100 billion in quarterly sales, not enough to placate investors. the stock is down 4.25% but it has been just such a winner during the pandemic. check the clock. 57 minutes left to trade for the week. the bulls have control heading toward new records, even with a big miss for the january jobs report. let's get to our traders on the floor show. david and phil. gentlemen, look, the market stories are moving fast and furiously ahead of the weekend. what's the number one thing you're watching before the closing bell and spin it forward, phil. what about next week? >> you know, i have to say that i like the ev stocks. i like ufo. i'm an owner of virgin galactic. i think will ferrell in this commercial has got it all wrong.
3:05 pm
this is norway's plan. they want to suck us into buying more electronic vehicles so they can bring down, we will have to power with sardines. norway is still upset we don't give them credit so this is the bigger issue here. listen, you know wha -- liz: he's kidding. >> it reminds me of the early days of tesla. it's stuff we learned in grammar school, some day you can ride in outer space. i think the ufo has it right. virgin galactic has it right. i think that's good. as far as ev stocks, i do like [ inaudible ]. the chart looks good. if you want to buy batteries, do that but be very careful. i'm a little worried about the power grid when we get all the electric cars. liz: yes. it's up about 2%. david, we can't ignore heading
3:06 pm
into the weekend what has happened and come to pass this week with the reddit rebels, as we like to call them. they did get that victory by convincing robinhood or robinhood decided to basically scrap all of those trading curbs. what do you think really affects the trading next week, or is this a story that's starting to get a little gray around the temples? >> i think the story's just beginning. i think what we saw revealed in this sort of retail frenzy is there's a big gap in the self-directed investing world and that's reliable fundamental research. let's face it, not a single professional believes gamestop was worth $200 or $300, whatever it was at its peak. we realize a lot of these stocks are trading untethered to fundamentals, despite what mr. flynn says, i'm not sure ufo and these other stocks, also other media frenzy stocks or retail friendly stocks. people need to understand fundamentals can be a great way to help you steer through the frenzy. if you understand the companies just don't make money, you will
3:07 pm
be a lot less blind to risk of jumping on a gamestop right before it drops 50, 60, 70, 80%. liz: good to see you both. this has been a killer of a week. i know i'm sweating. david, phil, great to see you both. thanks so much. the s&p up 12. transports up 73. got to take johnson & johnson's stock right now to the focus, up 1.33% even though it could take the fda up to three weeks to approve their emergency use authorization request for its single shot covid-19 vaccine. congress today taking a step forward with a financial shot in the arm for the economy. the house passed a budget resolution to line up with the $1.9 trillion package the senate passed earlier this morning after an all-night vote-a-rama. edward lawrence is live in the nation's capital on when and who, any clarification, will get these stimulus checks?
3:08 pm
reporter: that depends on who you talk to as to when. the democratic leadership left the meeting with president joe biden feeling emboldened to pass whatever they want with a big bold price tag, $1.9 trillion relief package keyed up by democratic members in the house and senate to be passed with a simple majority through the reconciliation process. the house speaker wants it signed before march 1st, so the checks would go out at some point in march. we will know what's exactly in it on friday. >> next week, the committees of jurisdiction will take those target amounts and establish priority there. so we're not going to have a negotiation right here. reporter: because of the minimum wage obviously that's not going to be included right now. >> that's not obvious. reporter: $15 minimum wage not off the table there. president joe biden says it would take too long to negotiate a smaller package with bipartisan support.
3:09 pm
>> i believe the american people are looking right now to their government for help, to do our job, to not let them down, so i'm going to act. i'm going to act fast. i would like to be doing it with the support of republicans. i have met with republicans. there are some really fine people wanting to get something done but they're just not willing to go as far as i think we have to go. reporter: pennsylvania republican representative dan mueser says $1.9 trillion is excessive. he's looking at the unemployment rate much lower than expected with california, new york and other states still on strict lockdown. then seeing 61,000 jobs lost in leisure and hospitality. that industry is still down 3.9 million jobs since february so republicans believe reopening the economy and targeting a package to boost those jobs would launch the economy, not the government, creating more jobs. back to you.
3:10 pm
liz: okay. edward, anything that breaks over the weekend, he will put up on foxbusiness.com. i just gave you overtime. thanks so much. activision answering the call of duty. it is the top stock on the s&p after blowout sales and a positive forecast for 2021 on its call of duty franchise. the stock jumping nearly 10%. by the way, call of duty mobile, just one of the very popular titles in the series. in just minutes, the ceo of the software giant that's powering the popular on the go version of activision's powerhouse, unity software ceo john ricatello is here in a fox business exclusive. closing bell ringing in 49 and a half minutes. folks, it's a roaring 49 and a half minutes left. stay with us. we'll be right back.
3:11 pm
♪♪ ♪♪ ♪♪ in these uncertain times, it's important to own physical gold. fortunately, there's an easy way to invest at the source right here on american soil. we're golden independence and our advanced stage nevada gold project is located within the largest gold producing complex in the world with an historical resource of over one million ounces and active drilling to
3:12 pm
expand even further. time is now for golden independence. use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo. hon? first off, we love each other...
3:14 pm
♪ 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. ♪ liz: well, if this isn't a classic sign of wall street's what have you done for me lately
3:15 pm
culture, unity software, one of the hottest ipos of last year, is skidding about 13.7% just off session lows, even though the maker of tools for video game developers clocked a 43% spike in full year revenues. investors are disappointed with unity's slowing sales growth forecast. that may be a littlemyopic. look at this. a record 2.7 billion monthly active users played games created with the company's software engine. that's a jump of 63% year over year. with the sales of next gen consoles like play station 5 enjoying record-breaking sales, what's next for unity and for gaming? let's ask unity software president and ceo, john riccitiello, who joins us live in a fox business exclusive. john, great to see you. clarify first, just to get that out of the way, how you came to that guidance. because when you look at the horizon of this industry, gaming is growing faster than film and music combined.
3:16 pm
>> so first off, we make the underlying technology for about 71% of mobile games and a third or more of all console and pc games. some market share is higher on some platforms than others. we also make the tools that support the operation of those products when they're live, like hosting or monetization, analytics, that type of thing. when we looked at guidance for 2021, we just came off a 43% growth year and record shares and all that kind of thing and as we look to the future, we had to take into account a couple things. one is that 2020 is somewhat elevated in gaming consumption and monetization that goes with that because people were sheltering at home and playing games more often. the second thing is part of our business is direct monetization, part of it's advertising and apple is introducing some new rules in and around their idfa technology or the identifiers and that's a little bit of a head wind. we like to provide guidance that takes into account the full
3:17 pm
picture. it's still strong guidance and you know, as always, we want to be out there and perform brilliantly. liz: i was listening to your conference call and it jumped out at me that you guys had actually 25 million in upside revenue because of covid, meaning demand for video games was so strong during the pandemic that they came to your business to help them create it? >> well, there's a combination of things that happened. part of it is we get paid on the consumption of games like we do hosting and that type of thing. so younger and older consumers were sheltering from home, there was more game play. you pick that up when you noted that our maus, the back end services we provide, was up 63%. so part of that was people had more time on their hands at home and they were spending more time playing games. part of our guidance takes into account as we look to 2021, we
3:18 pm
are lapping a really strong year. we are incredibly optimistic, we are coming off record shares, record sales, beating guidance, all of that. so from here, the intention is to continue to run the business brilliantly and we will see how 2021 comes out. but guidance is guidance. we're not managing the stock price day to day. liz: i get it. look, big guys like activision blizzard, take 2, electronic arts, they have their own game engines but you do have a partnership with activision on the mobile call of duty game. what other opportunities do you see in partnering with some of these companies that could actually be seen as part-time rivals? >> well, they're not really rivals. let's just be clear. activision, electronic arts, virtually every publisher in the world uses unity. i don't consider ourselves rivals. they use their own technology for building some of their largest triple a titles like call of duty or electronic arts,
3:19 pm
but they also use us for mobile and increasingly, for more things. in addition to that, they use us for things like hosting with our multi-player service. they buy into our network, they sell inventory through our monetization network. we think of them as great partners in many, many, many other companies. we also count, for what it's worth, all ten of the top ten auto companies as customers. liz: i do want to bring up what's going on with apple, because apple is coming out, obviously, with its new effort, and it's going to be of course the privacy issue on the new ios coming this spring that may really hurt and you have even guided about this, you have even said this is going to be an issue because you have to opt in, but this is the way gaming creators actually get new customers, correct? what would you say to apple if you could about what they are planning? >> first off, i talk to apple a lot. it's not if we could, it's when we do and often.
3:20 pm
but look, we really admire apple. they are an amazing company. we believe what they are doing on privacy, they see that as the right thing for their customers. it's really close and near and dear to our hearts culturally at unity as well. we never sell data. we are very focused on privacy. for what it's worth, there is a little bit of head wind introduced for game companies that monetize in mobile because of the changes apple made but there's a lot of goodness in the ecosystem that offsets that. we will see how it comes together. remember, europe did something very similar in 2019 with gdpr when they pushed a much stronger privacy regime, and if you are using your mac or pc these days, how often do you get can i use a cookie or can we use this information. at some point it washes over all of us and we just say for god's sake, take my data, it's easier. but however the market responds to this, apple is trying to do the right thing by their customers.
3:21 pm
some people have issues with that. for us, it's reasonable and works well with our culture and our company. liz: idfa will be a big deal. that of course is the impact we are watching for. we will be watching it. john, thanks very much for coming on exclusively to talk about unity. we appreciate it. >> thanks, liz. great to be here. great to see you. liz: great to see you, too. john riccitiello. from the king of gaming to the queen of apps. an entrepreneur who founded the unbelievably huge app called hooked, 100 million downloads. she and her husband dd it together. they look like models. too good-looking, too smart and too successful. no such thing. she has such a fascinating story. why you have to listen to this because she tells her story of success through failure on my everyone talks to liz podcast. it's the new episode. google, apple, spotify, wherever you get your podcasts. and the pandemic providing,
3:22 pm
3:23 pm
my body is truly powerful. i have the power to lower my a1c. because my body can still make its own insulin. and trulicity activates my body to release it, lowering my blood sugar from the first dose. once-weekly trulicity responds when my body needs it, 24/7. trulicity is for type 2 diabetes. it's not insulin. it isn't for people with type 1 diabetes. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include indigestion, fatigue, belly pain, decreased appetite, nausea, diarrhea, and vomiting which can lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.
3:24 pm
meet whitney and jane. -hi! -hey! they're always sharing tips on ways to save money and make life a little easier. cvs carepass... it's my savings secret. love. carepass members get 20% off cvs health brand products. whoaa! did you use all the bandaids? members also get free 1-2 day shipping... oh cool. plus, a $10 monthly promo reward to spend on anything... even nail polish? ...all for $5/month. thanks for sharing! join carepass today and get a $10 monthly reward as a thank you. cvs. healthier made easier.
3:26 pm
liz: fox business alert. go pro, no hero in today's pop stocks. the high tech action camera maker is actually plunging in this final hour after missing revenue estimates for the holiday quarter. analysts also not feeling too hyped about the company's forecast that they gave so right now, go pro is down 18.6%. winter weather, not the only snowflake action of the week. the cloud data base rock star that warren buffett wasenamoredwith that his berkshire hathaway bought six million shares of it, facing new competition. shares are down about 5% since wednesday's session high of 318
3:27 pm
bucks as rival data bricks prepares to go public with a $28 billion valuation. yes, snowflake is way bigger than that but it's still looking also for an 11% gain on the week. pulling back about .25% right this minute. t-mobile's trademark magenta getting traded for red after warning of higher coming costs on merging its existing and newly acquired sprint subject subjecters on to one network but never one to dwell on the negative, today it released a commercial it says was already banned from the super bowl due to spillover from the telecom wars. the ad giving the quote, real back story, the tom brady and rob gronkowski reunion in tampa bay. that's the thing about the internet. the big game creating one very big bright spot in the markets at this hour. sports betting, penn national gaming hitting fresh record highs for a second straight day
3:28 pm
despite missing fourth quarter earnings and revenue forecasts. sunday's brady/mahomes matchup and growth prospects fueled this fire for the moment. stock up 8.25%. the super bowl halo affect shining on draftkings and fox corporation. draftkings up under 1%. fox jumping by 3.6%. i know this seems like a weird hard turn but let's look at refrigeration stocks. they are moving higher at this hour, not just due of course to shipments of covid vaccines but because of huge demand for seafood coming from the south. a shortage of beef and chicken due to the pandemic is turning a record number of americans to seafood, leaving shrimp fishermen swimming in a boatload of money. ashley webster live in florida with the real life bubba gump.
3:29 pm
ashley: i'm aboard the shrimp trawler "rolling tide." thank you to bubba, who owns this boat. where does bubba come from, alabama. the rolling tide, of course. this is one of the very hard-working shrimp trawlers out there. you know what covid has provided an interesting story for the seafood industry. for one case, let's look at restaurant demand because restaurants have been closed, demand, especially for shrimp, has dived 70% but you look at the takeout and delivery sector and that is up 270%. on the retail side, this continues to grow. places like the supermarket, people turning to seafood because they are bored with beef and chicken and pork, or they couldn't even get those products if you remember, in the middle of last year. it's been an opportunity, let's put it that way. when i speak to folks here, they tell me not only have sales improved but online sales have exploded. take a listen.
3:30 pm
>> shrimping's doing fine. we are producing quite a bit of shrimp and we are doing well. the people are buying and seems like everything seems to be going pretty good. >> being able to shop online and deliver it to your house and that's what we can do. what we're doing is all wild-caught. we are reintroduing that to the american people, saying bring back usa. there is a flavor. wild-caught shrimp. ashley: you know, it's interesting, wild-caught shrimp is an interesting aspect of this, because much of what america eats when it comes to shrimp comes from those farms, farm-fed shrimp from asia, and there's a very strong effort on to buy american, buy the wild-caught shrimp that doesn't have any of the processing issues you can have with the asian shrimp. that appears to be catching on because as we say, sales are exploding by the boat full.
3:31 pm
of course, everyone is pulling for the bucs. i was going to do a pirate-themed report for you, but swinging from the rafters and from the poles and the lines wasn't going to work. liz: i have been on one of those offshore little personnel cages that move you from the boat to the offshore -- that was an interesting hundred feet above the gulf. i like your rolling tide. i'm loving it. ashley, thank you. good assignment there. ashley webster. from shrimp to goat. the greatest of all time, tom brady, ready for his face-off with the defending champ patrick mahomes as we barrel toward sunday and super bowl lv. we are going to take you now to tampa, where the biz boom that usually would normally accompany the big game, now missing in action. but the bucs cheerleaders are still so excited and so is the co-chair of the super bowl lv host committee. he's here next on playing
3:32 pm
pandemic football on the grandest stage. closing bell ringing in 29 minutes. we'll be right back. how am i doing? some say this is my greatest challenge ever. governments in record debt; inflation rising and currencies falling. but i've seen centuries of rises and falls. i had a love affair with tulips once. lived through the crash of '29 and early dot-com hype. watched mortgages play the villain beside a true greek tragedy. and now here i am, with one companion that's been with me for millennia; hedging the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest ally and my closest asset. the gold standard, so to speak ;) people call my future uncertain.
3:33 pm
3:34 pm
your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer ♪upbeat music♪ transitions™ light under control. ♪upbeat music♪
3:35 pm
3:36 pm
liz: you know, i cannot believe this. a year ago, we were in miami for the show, and we were interrupted by a huge news conference about the pandemic, but this is truly the first sort of pandemic super bowl, and it is set for kickoff nonetheless in just two days, with major changes this year to protect the fans and athletes. we've got this breaking news. just about an hour ago, disney announced it will not be holding its annual super bowl parade down main street usa in the magic kingdom which it traditionally holds the day after the game. but of course, one super bowl star will utter the famous words i'm going to go to disney world following the super bowl victory, whoever that may be. but let's head to the sunshine
3:37 pm
state right now. cheryl casone is at the nfl fan experience. boy, when the parade's canceled, the game's still on, cheryl. give us the feel down there. cheryl: well, i have to tell you, as you can tell behind me, the fans are having a really good time. we are in front of the 40 yard dash right now. but it is a very different year. it's not like you and i together in miami last year which was, by the way, a ton of fun. this year there's about 10,000 fans at the experience right now but they have to come in, use their phones, an app on the phone, and have a temperature check, face mask, and basically it's a covid-safe environment. i will tell you this as we kind of move over here. i spoke with the ceo of the tampa bay host committee. they had a very different dilemma this year. obviously how do you do a fun super bowl, a good super bowl, but a safe super bowl. here's what he told me. >> i'm proud of our partnership.
3:38 pm
it starts with the nfl, who has been fantastic partners throughout, and our local partners haven't missed a beat. i think we're in great shape moving forward. health and safety has driven every single decision that has factored into our hosting. cheryl: all right. so liz, look, i know the crowds aren't here. i got a lot of buccaneer fans behind me. [ shouting ] liz: oh, my god, my peeps. yay! i love it. cheryl: maybe some day. liz: next year. next year. cheryl: next year. liz: that's my browns. my browns helmet. thank you, cheryl. i really miss it down there. i wish i could be there. thank you very much. i am the die-hard browns fan. know what? cheryl's in tampa. nabbing the super bowl for tampa
3:39 pm
was years in the making. on may 23rd, 2017, the nfl tweeted that the team owners had voted to move the super bowl from los angeles -- las vegas, rather, to tampa, and while local businesses immediately began to prepare for what's always a guaranteed boom in local tourism, nobody anticipated a global pandemic would freeze them in their tracks. but how are they thawing? joining us now, a man who had to deal with all the challenges, super bowl lv host committee co-chair will weatherford. great to see you. what about that? that must have been such a high back then, and then as it became evident i guess in the last couple months that it just really couldn't happen the way you wanted it to, what was that like? >> well, it was an incredible high. thank you so much for having me on the show, liz. look, for any city, to host a super bowl is an incredible honor so tampa is very honored to have this opportunity. covid has changed it, and i will say that while it's probably not going to be the largest super
3:40 pm
bowl in terms of numbers and turnout at the game and capacity, i think it has the opportunity to be the most meaningful, because the world just, you know, generally speaking, needs a shot in the arm literally and figuratively, and this is a global event. hundreds of millions of people are going to watch the super bowl in their homes all across the world and they need that shot in the arm. they need that inspiration and tampa bay is here to provide that for them across the globe. liz: yeah, and raymond james stadium, of course, our good buddy paul riley of raymond james very excited for that moment. of course, he's a big business guy. you are a big business guy. you got a private equity outfit and i'm wondering, you put through a full throttle offense right off the bat against the pandemic to basically say the numbers won't quite be there but we can still benefit like other host cities have in the past. >> that's exactly right. we pivoted really quickly. we've got incredible leadership. our community has rallied.
3:41 pm
we said to ourselves yeah, it's nice to fill up the hotel rooms, nice to fill up the restaurants, nice to have 200,000 people come into your hometown, but at the same time, this is a branding exercise. tampa bay has come so far from the last time we hosted this event in 2009 to today. this is an opportunity to tell our story as a community, where we have come from, and where we are going. you know, the state of florida has 1,000 people moving here every day. tampa bay captures about 35% of that. that's a lot of people. the trends are continuing to accelerate to our state. so we are really honored to host this event and to put a cherry on top of it, we have 7500 vaccinated health care workers that will be coming to this game for free. that's the first time anything like this has happened. our heroes in our community who have been serving on the front lines fighting this epidemic are going to be coming to this game in masks. we will honor them, show them the respect they deserv for everything they have done for us in the last year.
3:42 pm
liz: you guys gave them tickets, 7500 tickets to the people who absolutely deserve the most. i really want to note, though, back last year when i was there in miami, miami said that the super bowl brought in something like $572 million in revenue that was generated for south florida just from that. do you have any expectations of what that number might be this time around for you guys? >> i think it's hard for us to peg what the number's going to be. there still are people coming to town. as an example, we have 2,000 members of the media who are in tampa bay right now enjoying the beautiful weather and all the experiences around the game. but honestly, it's hard to put a number on what it's going to be when it's all said and done. i do know this. it's going to be the most meaningful super bowl ever. this is a time when society and humanity needs a global event to bring us together. this is a time when people want to experience something special. the matchup of the bucs and the chiefs is an incredible matchup, two incredible quarterbacks. the story, the narrative, everything behind this game
3:43 pm
suggests to us that tampa bay will be on the highest stage, showcasing itself as a community, and i think it's going to have huge long-term impacts for our economy. that's what we're counting on and i think it's going to happen. liz: i do, too. i wish you guys the best of luck. thank you very much. have a safe and wonderful game. >> thank you very much. liz: great to have you. super bowl lv is really just one of the hot topics we had in today's morning market minute. you can start every weekday with me on tiktok at redfoxliz. know what i think? i was wearing the johnny manziel shirt there. i may do something over the weekend on tiktok at redfoxliz just to let you guys know where i stand on the big game and maybe what i'm eating. not that anybody cares. i know charlie gasparino, you guys don't know, he's an unbelievable cook. not going to call him chef. he doesn't deserve that. but he's going to break it on
3:44 pm
the new target the reddit room robinhood crowd is piling into. that story when we come back. dow is up 70. the russell on track for a brand new record. so are the s&p and nasdaq. [ 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. ♪
3:46 pm
[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this?
3:47 pm
the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... to receive fifty percent off installation. and take advantage of our special offer of no payments for eighteen months.
3:48 pm
liz: they say redheads really shouldn't wear red. first off, who's they? charlie: who are these people? liz: forget they. first of all, i'm wearing red today as part of fox's support of the go red for women movement, which raises awareness for heart health. even if you factor in covid-19, heart disease is still the top cause of death in the united states, but also across the world. nearly 45% of women aged 20 or
3:49 pm
higher are living with some form of heart disease. that's a stat i'm looking to help change and we really hope you feel the same. please visit goredforwomen.org for ways you can help in supporting this crucial issue. who is they? let me look at gamestop stock. it is up about 19% right now with just about 12 minutes left to trade. it has had its ups and downs, certainly. amc short squeeze, of course, also struggling just a bit at the moment. day traders are now looking for their next product to hype and it looks like they may be joining the crypto craze. let me get to charlie gasparino on this one. charlie? charlie: and after we get through this, liz, i will get through quickly, i do have breaking news on tiktok, some interesting developments on tiktok or maybe even lack of developments which makes -- will have you scratching your head a bit. what we are seeing now, i'm talking to a lot of traders, it appears the robinhood reddit crowd is sort of factoring out
3:50 pm
of these short squeeze trades on amc, on gamestop. gamestop is well off its highs, as you can tell. it was trading as high as something like $500 a share. it's now trading at $60 and who knows why it was up today, could be a degree of short covering at these levels as well, which temporarily pushes the stock up. so what we do know is that there's a lot of factoring out of this trade by the reddit robinhood crowd, according to traders i talk to, and going into other stuff. what are the other stuff they are going into? well, according to these traders, a lot of it is going into cryptocurrencies, particularly bitcoin. if you look at a chart of bitcoin, it's getting close to its recent record high of $41,000, which i believe was achieved sometime in january. it's at $37,000 or $38,000 today and it's up. so that's where you are seeing some of the sort of buying frenzy and you see a lot of that in message boards and another emerging place to get financial
3:51 pm
information or to receive counts that we hear, it's tiktok. what we are hearing is that tiktok has suddenly become at least in the last couple months a major place of financial information or financial touting. there's a firm that's called taxful which essentially monitored, did a contents analysis of tiktok's financial content that said in their words, there's a lot of content on there and they put a percentage on it, significant, a significant amount of content on there that they believe is misleading financial content but that's what they are saying. i'm not saying it -- liz: well, you know, charlie, i'm doing a morning market minute every day on tiktok. i want you to join me on there. charlie: i'm not saying you're touting stocks. are you selling stocks, liz? liz: i'm not touting it. i'm giving market information. charlie: that's different. that's different. talking about touting stocks here. at least that's what was found.
3:52 pm
we should point out we ran this by a tiktok spokesman. he declined to comment but a person at the firm, senior person, said they do monitor content and they monitor most -- a lot of it. they are paying attention to this is what they are telling me. content that they deem misleading gets flagged or taken down. so anyway, that's what they're telling me. now, this comes as this whole tiktok, remember that tiktok oracle deal? remember it feels like so long ago we were obsessed with that story. liz: of course i remember. charlie: by the way, we broke the story initially, they weren't going to sell to microsoft, then someone else broke that it was oracle. we broke the story the trump administration put the hold on everything. where is biden on all of this? tiktok doesn't want to comment. general atlantic partners, one of the main investors in tiktok run by bill ford, not going near this with a ten-foot pole. i have heard secondhand that biden is taking a look at
3:53 pm
everything under the trump administration that is being done. as you know, president biden has reversed many of trump's edicts through executive orders and this deal is going to get aproctological exam on wall street and for good reason. it was very controversial. they wanted to sell it, not really sell it but enter into a very lucrative contract with oracle. oracle is run by larry ellison, who is very good friends with donald trump. it was a whole crony capitalism rigamarole here. liz: boy, did that smell to high heaven. charlie: no word as to where it is in the process. i'm still reporting this out. back to you. liz: okay. come on one of my tiktoks, charlie. we'll be right back. dow is up 59. don't go away. s decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market.
3:54 pm
it's smarter trading technology for smarter trading decisions. fidelity. i'm greg, i'm 68 years old. i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- ... as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life.
3:57 pm
>> liz: folks, three and a half minutes left the clock is ticking and what do we see? s&p and nasdac looking at record closes. we do have for the week a really good for the bull, you know the dow, s&p and nasdac, are having just a great week, with just a couple of minutes left. dow looks to gain about 3.8% for the week, s&p up 4.6% the nasdac nearly 6% higher. the russel 2000 on its way to close at its second straight record. this will be the eighth record close for the small and mid cap so far this year so we said let's bring in our countdown closer who says now is the time to transition out of really big companies and into smaller stock s, but be very specific here, courtney. courtney daminges is with payne capital management, a wealth advisor so let's advise on the wealth, which part of the small and mid cap arena? >> yeah, specifically if you're looking into small caps i do prefer value overgrowth right now, and that's the market in
3:58 pm
general but as we're coming out of this recession and the economy is continuing to recover you're going to see some of the cyclicals recovering here and you already pointed out how well the small cap indexes like the russel 2000 has done and we've already been beating the s&p 500 this year and it's a trend only just starting, and will likely continue to see as we see positive vaccine news and earnings continue to do really well. we're likely going to see those areas continue, and some good examples here are vang ard has low cost ways to enter the entire index, and small cap value fund is a really good way to play that. >> liz: yeah, and i'm looking at some of the big leaders in the small cap value fund and we can put up some of these games and specific number, but i guess because we're looking at s&p earnings, you've got to give me a sense of these earnings and more than 50% of the s&p companies have reported they're beating on both top and bottom line in pretty significant numbers. does that trickle down to the small and mid caps? >> well i think it's a trend
3:59 pm
you've got to see kind of broad based right? so i think the economy as a whole is recovering and we're seeing that reflected here in earnings, but the question is with all of those big companies, like your apple and google and microsoft prices have gone up so much last year everybody went to safety so even though those earnings are doing really well the question is how much of that has already been priced in and they have a much higher bar to hit whereas a lot of your small companies have a much lower bar essentially like they are just now recovering and so every increase you're going to see in earnings there is just that much more room to run. >> liz: and you also like, if you people are still stuck on the big names, you say go international, and specifically, there is an etf you like that has everything from alibaba to 10-cent, taiwan semi, tell me where you see this and we've got about 15 seconds. >> yeah a great example i definitely like international right now and specifically the fund you're mentioning is emerging markets so that's going to have like your big companies in china, for example, there, and you just got to look at how
4:00 pm
much growth that they've had and how much hard they were hit and they tend to play more cyclic ally than the u.s.. you got to watch those. >> liz: okay so good to have you , courtney, okay you guy, a big big day for the bulls, because its been a big week. that'll do it for us at the "claman countdown." [bell ringing] connell: this is quite a winning streak for the market stocks adding to record levels the jobs report to be making the case for a larger stimulus package and additional relief checks for americans, and looking at the numbers at the close, up across-the-board, the dow and the s&p are up, and that's five days in a row that they've been higher the longest winning streak we've seen now in six months, but for the markets so that's good the dow settling up 92 it's the second day in a row of records by the way for both the s&p 500 and for the nasdac composite nasdac from your screen up by 78.5 points so that has been quite a run, now for the week, the dow for the weeks up more than
125 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on