tv The Claman Countdown FOX Business February 9, 2021 3:00pm-4:00pm EST
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for a little bit but i think history clearly shows that if you do that over a long period of time it ends in tears. the other aspect. charles: what you're saying we have to do homework no matter what. i appreciate it and i appreciate you. i have a little bit of momentum but not the cp effect but enough to take to the closing bell. liz: considering where we've been i think this is a pretty decent move we were down more than 100 points on the dow, let's take it. yes donald trump's lawyers are about to begin their defense arguments in the second impeachment trial of the former president but you would not know anything was happening at the capital at the white house where high-stakes meeting on the economy just wrapped up president biden, vice president harrison treasury secretary janet yellen bringing in the heaviest hitters in the business world.
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the comments just made about what's needed to heal the financial wounds of the pandemic. this is a wartime push for vaccines is very much into the unfolding mode but is now perplexed with the time to pull back on the stocks behind the lifesaving preventatives and the investor doctor chris barton gives her diagnosis on this. within over looking to play their own rolls in the pandemic fight as a rideshare gun the engine to survive ahead of their latest quarterly report or all-star panel is here to tell you which app you should add to your portfolio, not both, which one. markets looking to muscle their way to new records any gain for the dow, s&p, nasdaq and russell will do it. and bitcoin looking absolutely unbreakable after smashing through the 48000-dollar mark overnight yes it is slightly down the back above 47000. as we watch that more before we dive into the market and everything else
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we will begin with breaking news. the president discussing a wide range of economic issues with the top business leaders in the nation ranging from the health of the economy to raising the minimum wage. j.p. morgan chase ceo jamie dimon walmart ceo doug mcmillan and lows chief and u.s. chamber of congress tom donahue and sonja signal the president and ceo of the gap all in attendance. our blake burman is outside. liz: did they go in the black door, we want to know exactly what they talked about. >> we would love to ask them questions, it's my experience when you get the biggest players you put them on the screen, they like to go and where the cameras are not. but in any event we saw them on camera briefly at the very beginning of this meeting with president biden if it's still ongoing it would mean it would go on for an hour were just
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trying to figure out if it's happening or not any event some of the biggest players when you talk about the president the treasury secretary janet yellen and you mentioned jamie mentioned jamie dimon and doug mcmillan. we heard from president biden that he wanted to talk about the economy, the rescue package, after the infrastructure which the president has signaled will be one of his next major items along with the topics of the day or at least certainly of the week not being minimum wage the president make an argument off the top with the american people are hurting and real trouble and there was part of his continued push to go for a massive release package entered release package. >> were in a position to think big and move big and move in the direction that cannot only get the economy back but we have to get people well before we get people on their feet. >> it was interesting to hear the president say they would talk about the minimum wage there is a nonpartisan score this
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projection from the congressional budget office, the white house is pushing back on some, the c.b.o. said not only would it reduce poverty by 900,000 people if the minimum wage were to go to $15 an hour but it would lead to 1.4 million job losses. the white house today saying in part they don't necessarily align with some of those numbers on the job losses front but they also said the president will be unveiling what they call a jobs package in the upcoming weeks as well. liz: jobs we need will be watching all of this and when you have jamie dimon in the oval office you will get good information, the second we get some of the details and work land your rarity of what happened will get it to you in the meantime, the world of gaming right now is the fastest growing sector in its evolving outta brace neck pace, look at blue mobile, the stock is trading around 35% higher
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at the moment already taking out the $12.50 a share all cash purchase price, were at 1271 right now but this deal gives flew out $2.1 billion value glue is known for games focused on celebrities like tim kardashian but the portfolio includes design home in mlb sports baseball. it is getting props for investors of the acquisition as well, the stock moving higher by 2.7% obviously mobile is not the only way that the gaming industry is expanding, yesterday's skills ceo to discuss his gaming platform tools company and the deal that is struck with nfl collaboration with game developer challenge that will enable off-line sports data better access to online gamers in the way that the gamers really envision it.
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if you take a look at the competition we have two interactive lower came out with earnings a little bit of a disappointment down 5.8% activision blizzard up 1.7% and microsoft the parent of xbox is moving higher by three quarters of 8%. it is not just child's play were looking at the bedding apps, mobile bedding, draftkings, flutter the majority stake in fanduel, pinned national gaming in our parent fox that has fox back, we have a mixed picture to up to down, i want to bring in the traders from the floor show tom hayes and scott bauer. with all signs pointing to mobile where people want to consume media right now what do you like in this phase? >> the interesting thing about the deal 2.4 billion cash was despite tac stock trading at 2026 times earning they decided to not use any stock. if management wants to hold onto their stock i want to hold onto it $175 billion industry 50% of that is mobile, glue has 14 million
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monthly mobile users ea has 100 million but blue grew at 25% in q4 ea is only growing that at 3% so this is going to help ea grow their mobile ea will help grow the international exposure and distribution the competitors as you say 35 times earnings with flat growth we don't like that as much, atv i has call of duty, they are trading at 28 times earnings and grow 16% but ea has fifa and blue mobile in their trading at 26, the lowest multiple and what could be the highest growth in years to come we like more growth for a more multiple. liz: yes, i agree. that's what you want. you want to be buying at the right price, these are momentum names and had you asked me when zoom in the early part of the pandemic was moving so much higher
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and $50 or something somebody said should i buy it and i said it's a momentum, look at them now i pull this thing up and again, it's not a gamer stock but are these the new stay-at-home stocks that might really have more wind at their back? >> listen tom made a great point this deal be an all cash deal there not giving up stock the insiders are holding onto the stock in general the biggest aspect that i love is a generational demand young and old love video games that means the market will continue to grow and it's not just the u.s. phenomenon this is a global demand and it's the highest it's ever been, the demand in semi conductors in the recent consul feels that were seen, their peak demand, were seen these companies both on the gaming embedding level just expanding and expanding. the 26 times earnings you have to throw that out this
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could be 30 or 40 or 50. i love ea also from a technical standpoint this thing is coming up to major resistance like a triple top up to 149, i think this breaks out and the sky is the limit. i really do. liz: we showed the semi conductor all of this needs microchips to run, i get all, i did want to mention zoom it is trading at $433. what happens to the stay-at-home trades do the pellets on survive and then the doordash do not do as well, you have to give me a sense. >> you mentioned online betting and this is a perfect analogy because you take a look at drafting is trading at $25 billion a hundred million dollars of revenue 30 times sales, that flew with the stay-at-home stocks last year. a good way to play online betting i would go for fox corporation, your record
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ratings in the second half of 2020 on fox news and fox business, it is trading at 13.5 times earning into v streaming in fox but for free versus penn national which is trading 69 times earnings and their gross as barstools they only own 36% of barstool i would play that through fox corporation 5 billion in cash on the balance sheet they can buy back stock they could do the acquisition and you get the betting business for free. how is that. liz: today fox eight is 5% cheaper, if tom is right it goes higher and we will continue to watch all of this, there is to be which is a big deal. great to see you both thank you so much. in the latest episode of attack, one merger between biotech companies seemed like a sure thing, gemini therapeutics which debuted yesterday cell on the first day of trade it was falling
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earlier this morning it is completely reversed and is up five and a quarter percent. still has not regained what its price was one bail. next the doctor/investor saw the symptoms coming from a mile away. the area she said has got way too hot to handle plus the healthiest opportunity she sees for your money right now in the medical sector closing bell 49 minutes away, again is again even with one point gain on the dow we have 32 points but even with one point that the new record. stay tuned will find out when the closing bell rings. ♪
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act now. liz: to the hottest burning question on the planet, was coping created by man for mother nature. the world health organization says the virus spreads to humans through an animal host not because of a lot of accident. the world health organization that conducted a massive investigation that involves scrutinizing thousands of human samples
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and animal test in the chinese city of wuhan where the virus first emerged announced it is extremely unlikely that the virus leaked from a chinese laboratory. meanwhile in the united states the race to vaccinate people is ramping up nearly 10% of the population has now received one dose the flurry to develop a vaccine and other cutting-edge medical tech has proven to be beneficial for the entire sector the new york stock exchange biotech index is up 22% over the past year. we want to bring in somebody who spans the gamut when it comes to knowledge about this she is a physician and an investor we welcome doctor chris barden portfolio manager oncology, great to have you. it would make perfect sense for an investor to say i cannot go wrong investing in the vaccine makers, millions of people want what they have right now but should they be chasing the run up that we have
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seen? >> i think we have to be a little cautious and biotech the market is most certainly very hot we seen record inflows of capital from the institutional as well as the retail side and we seen record numbers of financing i think that combined with a low interest-rate environment has seen the biotech run-up over the course of last year. with regard to your specific question for vaccine obviously were incredibly grateful for the incredible work the vaccine companies have done my myself and grateful my mother got a vaccine two weeks ago. the question is how big is the market going to be and how is it going to get split up with the major players. in terms of how big is the market going to be it's still whether patients will need one vaccine or if they'll need multiple vaccines every year like a flu vaccine for example. with the new variance coming out. liz: can i stop either, what do you think i just asked the doctor the other
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day and the doctor said you're probably going to need to get every year. that only extends the opportunity for these names doesn't not. >> i think that is true and were seen new variance right now coming out of the uk and south africa which suggest the very least we may need a second vaccine but i would say that the jury is still out because the real goal is not to prevent cases of coronavirus the real goal is to prevent hospitalization, severe illness and death and that is not available in terms of how the new variance will affect the long-term. i think the other question. liz: one more thing on the vaccine makers and i want to actually get to what you do think are the opportunities that are out there that are not so overheated when you look at pfizer, pfizer has a price-to-earnings ratio of ten that is extraordinarily cheap which is good and it's about $8 off the 52
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week high, why not this type of stock for portfolio when you look from an investment perspective. >> i think from a major pharma company they are certainly very attractive and from that perspective they have faced earnings from the normal base business and pfizer is a prominent player in a field like oncology so they have a great underlying business in some way vaccine is crossing on the case but if you look at a company like moderna now which is a 70 billion-dollar company half of the size of pfizer but obviously without the incredible earnings and revenue different that they have. i think the other question how are the players going to split up the market i think we are not only seeing new players such as j&j and astrazeneca coming on board but several up-and-coming biotech companies like novavax and even smaller ones that may be competitive on the long-term the final thing that you have to remember we have data from russia.
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liz: what else do you like is there something else within the subsector of the overall medical space, biotech firm a space that you feel is a better opportunity. >> i think right now i'm a fundamental investor and i think oncology is one of the most attractive spaces and biotech. at the end of the day he was be surprise oncology market how to slow down during covid we stopped doing clinic visits and drug treatment with less urgent cancers. but at the end of the day cancer is one of the biggest on medical needs in cancer patients is set to double over the next 20 years. from that perspective's were investing in a fundamental innovation in cancer and were excited about areas of targeted therapies and we think the cancer from a long-term perspective is one of the highest growth areas and biotech. liz: that makes a lot of
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sense were gonna put your oncology pics on your facebook.com liz claman page because we like ideas from people who get it who are right there within the space on so many levels. doctor christina barton, we appreciated thank you so much. >> thank you for having me on. liz: heating up at this hour, ubs raised its price target by $14 to $54 a share is $42.10 right now this from the company behind the thousand dollar parkas. let's move it over to today's up arrows be the signal that where's the start of a comeback story for the ages for luxury retail overall not just the price of parkas. the stocks you need to watch the glitzy is names and shopping prepare for life post-covid closing bell 39 minutes away we have the s&p in the green, the dow and the green, same with the nasdaq and the russell not a bad day, stay
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liz: fox business alert the so-called means stocks fall again the reddit rebels are making one company more valuable while gamestop, amc and express are losing more air reddit itself has doubled its valuation to $6 billion. while reddit reaping the benefits of the increased fame the reddit darlings are slipping significantly gamestop down 17% amc down 11%, express down 6% but reddit getting a huge cash infusion in a round of funding getting higher today cannabis hill ratios popping at the moment on a new partnership with growth pharma to import and distribute its medical cannabis to the united kingdom it is up 38% right
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now, nice move it helps to have the products available to patients in the uk by march of 2021. canopy growth moving higher by 10.5% on strong third-quarter sales with revenue jumping 22% and the ceo says we will be profitable by 2022. vacation rental giant airbnb slipping a bit but it's gotten a lot closer to the all-time highs, they sent a letter to the security and exchange commission in support of a proposed rule that would make it easier for companies to share equity with the people who help their platform and airbnb, that means they very much say they want to share equity of the actually double-click traded company with airbnb host who use the platform to lift their homes, airbnb is at $196.51 and let me compare that, i want to see at the all-time
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high $216, the loan was 121. beauty giant cody not so attractive at this hour, the stock is tumbling 14.8% after disappointing second-quarter earnings revenue dropped 16% as makeup demand fell to consumers continuing to stay home due to covid-19 restrictions. makeup, i'm not even wearing anything on my bottom half anymore. i'm just like padding around, of course i'm wearing underwear i'm not saying that. forget what i'm saying. [laughter] were in the pajama world at this point. as they say on broadway, the show must go on and governor cuomo of new york is offering a glimmer of hope that it will he said the key to reopening broadway theaters will be rapid testing and reduced crowd size no official date has been announced for the reopening it closed in
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march the theater industry will start the series with a pop-up performance starting february 20 as a pilot program, almost like a broadway flash mob because they will not say where these things will pop up, you could be walking down fifth avenue and suddenly hamilton is in front of you, that would be awesome, broadway stocks, ticketmaster, live nation moving higher by 8%, 1.5% disney because it has theaters down about eight tenths of 8%. like the performing arts, luxury retail is making a 2021 comeback focusing on the return of in person shopping we have to go to grady trimble he's joining us from the magnificent mile in chicago on the brick-and-mortar revival, what are you seeing, tell us. >> not a lot of shoppers are here today that could be because the temperatures are in the single digits
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but it's also largely because of the pandemic you can do in-store shopping but luxury retailers have been struggling for the last year or so, sales down about 23% compared to 2019 but there are signs of hope in this industry, largely they improved online sales they went from 12% 2019 to about 23% online sales with the luxury retail sector in 2020 that's expected to continue to grow but everybody wants to know when brick-and-mortar retail be back when will i be able to go to the magnificent mile and go shopping like i used to. there is hope there as well the real estate firm j ll says by the end of 2021 they expect 80% of employees to be back in offices which is promising for downtown sectors like magnificent mile, times square and other areas
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where there's a lot of people working which drives sales. another area of promise, tourism is expected to pick up a lot of people don't think of this right now when they're not traveling but what do people do when they travel they go to the luxury retail areas and they spend their money. it could be time until sales recovered in 2019 levels but there are signs of promise on the horizon and all of the stores like omega behind me there used to creating the experiences. they're not something that you can get online and that's why there's hope in the sector in particular luxury retail, high-end shopping that it could bounce back after the pandemic. liz: you have lv mh, canada goose, were very slightly lower but it's great to feel that there will be a comeback and when the weather gets good i am putting on designer purses on my arms, look at me. thank you very much, grady trimble. lift is just minutes away
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from its quarterly check under the financial hood but could the era really be over as it breeds provides all the gas for cooper's engine, is one of the stocks a better ride for your portfolio than the other, what we will do is bring in a stockpicking manual courtesy of our expert panel that is next. closing bell ringing in 28 minutes, dow holding onto 18 points, s&p slightly negative slightly below the flat line, nasdaq of 29. we're coming right back. key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity. you need decision tech. (sam) gamers! verizon 5g ultra wideband is here, with ultra... low... lag! so start becoming the best gamers in the ga-- (avatars) oohh!
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but you should not, yes both were slammed by the pandemic but that's pretty much where the comparison ends if you had to grab the wheel of one of them for your probe for leah which one. to our panel chief technology strata list brad and market watch senior reporter john swarts, welcome, purely on stock performance alone look at the annual comp chart i was looking at this year-over-year lyft is up 7% while uber is up 49%, they had very different recovery is a choice as simple as this? >> we like the basket approach and we like both of the companies but if you're looking at one of them lyft has not performed as well to your point. there is definitely more room for multiple expansion and you might get a little bit more performance because of that you have to look at does the investor have more appetite for a pure play) company or with
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uber's case closed along with the delivery services. they're both going to be really set up very well for the next six or 12 months as we get to the recovery phase but lyft has more. liz: how can you say that when uber clearly, a is international and please push back if you disagree but uber has an international business and uber has a new burrito which is offset so many of the losses it is seen over the past year due to the pandemic and nobody wanting to get into the car with a strange driver that they don't know they have been tested were wearing a mask et cetera. if you look at that and say they are expanding in the delivery area why do you see both of the seamen away. >> we like both opportunities you are right and it's a great question
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when i say you have more room for expansion uber has it evaluation, lyft as a kcbs closer to uber's evaluation then we close the gap it might be more of an opportunity for upside, as you mentioned you do have more international plays with uber and ridesharing and delivery side. we think both will benefit and as you get a shift from the work from home to the recovery place both of these companies benefit. liz: talk to me about what uber is doing in the delivery space. >> that's a differentiator for me for it breeds if you look at what's estimated this quarter uber eats is going to be $1.5 billion compared to 819 million in q1, it's nearly doubled in size and it's 42% of uber's quarterly sales and on top
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of that is the alcohol delivery app whose gross bookings grew more than 20% year-over-year, that is clearly where the growth is, if you look in times of ridesharing the numbers for the quarter if there correct will be significantly up for rides on uber about 1.76 billion compared to the low point of a hundred million or 790 million in q2, and two tracks it is growing incredibly well and if you look at lyft their delivery service is still an early stage plus they are not making cost cuts like uber like getting rid of autonomous vehicles for an instance. liz: does lyft make a big announcement "after the bell" today about their so-called delivery service we don't have a grip on what that may be. >> i think the numbers are
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just in the beginning of the recovery but i do think the outlook will be favorable with the global economy is certainly opening up in both of these companies play right into that and i think there's a mindset for most people that they want to go out and do something for such a long period of time and they will consume uber and lyft ridesharing, and i also believe it's very strong soy don't disagree with that, lyft if it makes a comment on the after. liz: john i've got to talk about the coin because obviously the announcement or the reveal that tesla has bought a half a billion worth of the coin has sent it to the moon previously high was 44000 it's about 48000 and were trading at 47000 foragers $65 and
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climbing. tell me what do you think you have michael buri he was the picture guy, really smart and he came out and said this is elon musk trying to distract from the problems tesla is having with its quality control in china. i don't even know how he would know that but what do you think can you give us some sense of what is going on. >> there is no sense going on with bitcoin if you look at it a try think came out a couple of days ago about the factor which is grown over the yearly. in the same growth was over a monthly. then it was a daily. now it's an hourly. there is no sense to what is going on there i would not discount anything in terms of distraction but he's a good businessman this was a pretty wide investment at the time he made. can i go back to something about lyft that i did mention they are going to be significantly lower in terms of revenues of uber because they're not well known as a name and in
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operation. one thing i want to say in defense of lyft there is survey data that indicates younger writers are more inclined to use lyft and that might help them as they move away from public transportation and vaccinations pick up that is a hidden strength that lyft has that we don't really talk about too much. liz: the numbers are coming out "after the bell" the expectation is a net loss of 72 fence and the revenue is not a loss it'll be 562 million. more than what uber is going to be down but uber reports tomorrow. thank you for keying us up for the two big names in this space. tiktok craze not going away anytime soon and looks like some of the biggest stars are looking to bring back old school fabs, charlie gasparino breaks it on the big deals being made with tiktok next.
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we've been talking so much about sports betting apps but none of them have done she is known of the queen of apps, she gives us a rare peek into how she became the number one most downloaded app in the app store not once but multiple times. she runs hooked which is a very popular app it's been downloaded 100 million times you have to hear her story, it starts with a lot of failure. download it is my podcast everyone talks to liz spotify, apple wherever you get your podcast closing bell ringing in 60 minutes to die was up 16 points the s&p up one point. research shows that people remember commercials with exciting stunts. so to help you remember that liberty mutual customizes your home insurance, here's something you shouldn't try at home... look, liberty mutual customizes home insurance
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liz: who can say mars and arabic, anybody, just a few hours ago the united arab emirate hit a massive milestone in its race to outer space a little more than a decade after the country launched the first satellite the uae hope spacecraft entered the red planet orbit. look at that, that is there animation but wait till you see the mission control the spacecraft launched in july and spent the next seven months barreling toward mars mission personnel were waiting biden their nails 27 minutes for the hope to successfully enter orbit making the uae the fifth entity to reach mars, there's our mission control, the hope mission is scheduled to last for a full martian year, do you know how many days that is 687 earth days.
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you know social media platforms can create short squeezes a takeout major headphones but to social platforms have the power to revive decades old fabs, charlie gasparino who has details about social media stars looking to bring back the old, what is the semi going to be happy. >> i don't know you know what a silly band is? liz: they were huge, stupidly huge. >> about ten years ago, kids, preteens, my nephew and niece were them. >> i remember them. nobody has heard about them for ten years you cannot even buy them and a lot of stores if you want to be up to buy them online they were a huge thing if you go back this is like beanie babies in 2009 - 2010 but they dropped off the face of the earth but until now
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my producer has a wonderful yarn on foxbusiness.com on how the social media influencers known as this way boys, do you know the tiktok dancers, they look like chippendale guys, they dance around, it's very funny. liz: they like this stuff? >> they love it because they grew up with it. when whittier broke today, it's a fascinating story go on foxbusiness.com these guys entered into an arrangement with the guy that founded the band where they control now dirty% of the company and they will start hocking on social media on the tiktok page on twitter, you name it. the upshot of the story which i find is interesting is the fact that the social media influencers are making a ton of money, they have all sorts of deals
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this is the latest, the drinks, athletic drinks, you name it they're doing all the stuff he lays it all out, now they doing this because they love the product and it reminds them of a kid and they will start featuring them in their videos to pump up sales of these things. the upshot what is the power of these guys, can they really is is the new way of selling things were influencers can take to social media and essentially go out there and talk something that was once a fad and make it a vatican it is unclear if that's a case that they will try and lydia lays it out, as they told us billionaires based on selling the squiggly little wristbands, i don't know if that's the case. i will say this what's interesting, they need to discuss the financial terms it is unclear if they paid anything for their stake in the silly bands company
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other than they will just promote it and if they do promote it and they sell they get 30% of the profits it'll be pretty interesting whether they become billionaires off of this i cannot tell you but they're apparently going to try and it's more than just selling the silly bands and bring in a back if they are somewhat successful at this then you do know something is missing in the real world. liz: the gonna bring space sticks back, all of the old stuff. >> were in a very strange time if these guys can bring back a fad nobody has ever brought back beanie babies. personally don't think these bands will come back but if these guys can bring it back that will tell you were living in another world right now where anything is possible. here is a question i have for you cannot abide
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gamestop stock with bitcoin? [laughter] liz: yes and with exar pete and dogecoin. >> and on that note can i buy silly bands with bitcoin. liz: you can buy the entire stash i still have for my kids being in sixth grade when i had to go to the middle of the night and grabbed the newest one. were down six points. how to play the world of opportunity when it comes to oil and commodity. expanding beyond the u.s. we're coming right back. ♪ 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. . . t-com hype.
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black lawyers, doctors, educators, martin luther king, b.b. king, queen of soul aretha franklin. you're sitting in the place where giants ate. the four way, as a restaurant, meant so much to this neighborhood and we wanted to continue that. to have a place where you have dignity and belong, that's the legacy of the four way. ♪ ♪. liz: oh, boy. so with the closing bell ringing about three minutes from now, twitter and cisco are both on deck for their quarterly reports after the bell. these two will be important here. we do have twitter moving higher
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2.4%. cisco dropping 1%. it is nail-biter in final minutes of trade. nasdaq, russell, still looking to be new closing highs but the dow, s&p slipping in the final minutes of trade. let's look at crude oil. almost bumped up against $60 a barrel for west texas intermediate. crude back to pre-pandemic levels. we're trading at 58.33, if you feel missed out there, today's "countdown" closer says get out of the u.s. there is a world of opportunity out there. jack mcintyre, brandywine portfolio manager has 74 billion under management. he has the world of opportunities. where do we start, liz? >> think about it, the biden administration will slow production in the u.s. other countries will fill that void. you have so i tack things a
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little differently. commodities currency standpoint we have a lot of assets in latin america. there are big energy producers. we have norway, russia, traditional ones as well. i'm billioned up on global growth. we have a wave of stimulus globally, particularly in the u.s. hitting at the same time i think we'll get enough vaccines in the arms of people where we're going to take a big step towards normalcy. so i think it is just a good growth backdrop. commodities will certainly benefit. oil in particular. liz: you're saying that you like colombian commodity companies, mexican commodity companies and some brazil want ones as well. but there is a currency play is there not? how do you and investors get involved in south american currencies? >> this is a little tricky. i don't want the viewers to trade the currencies
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individually. there is a lot of volatility. think after diversified portfolio. [closing bell rings] the dollar will weaken for the next 10 years but -- liz: yeah. okay, so as you say, go into some of those south american, yeah, currencies. there we have it. just the nasdaq looking at a record at the moment. new closing record for the russell as well. ♪. connell: we've been fighting all day for those record closes. to your point, liz, we do get it for the nasdaq, not for the other two. we had strong corporate results. we have some optimism about stimulus. that has been helping stocks but you can't keep going up in a straight line. the dow after being up throughout the day, looking like it might close at a record is now settling down by 10 or 11 points and the s&p 500 is down by four at the close. both of them are down, so those streaks come to an end. the nasdaq keeps the winning ways going. that is the fourth straight day of clo
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