ones who couldn't execute on the web, the one-stop shops, target, kohl's, they're winning. charles: it's been too long, my friend. i really enjoy these conversations. i've got to give you more time next time. [laughter] i've got to hand it over to my colleague, liz claman. and, liz, this is the proverbial calm before the storm. after the storm and before the storm. i love it. liz: yeah. nothing calm ant the parabolic move at this hour, charles. [laughter] oh, my god. the work of the reddit rebels, are they out for short sellers' blood again as the parent of rocket mortgages soars right now 61%. the candidate for wall street's next top cop already on the beat, gary gensler, president biden's pick, was quizzedded on gamestop, robinhood, yes, short selling, all that drama and the

potential danger of social media-driven stocks. we'll go straight to capitol hill to find out where gensler stands especially in light of this rocket mortgage situation. all right, with johnson and johnson's new coronavirus vaccine arriving at hospitals today and yet another vaccine about to get the green light, it's the work from home trade that's underpinned the market. is it about to undergo a tech toxic d tick tonic shift? tectonic shift? we'll ask a strategist to play stock seismologist. it's a fox business exclusive. plus, what happens when an nba team hooks up with the business slapped on the name of its arena and stamps hashtag back to business on its partnership? frank bisignano and peter fagin on the stunning surprise they just pulled off for local business owners hit hardest by the pandemic. you've got to see this.

as wall street takes a breather, yes, we have red on the screen, but the dow turning positive, up 33 points right now. we begin by heading to washington, d.c. where there is a lot of big news here. president biden's pick to head the securities and exchange commission taking aim at online trading apps like robinhood. former cftc chair under president obama gary gensler raised alarms about -- okay, work with us here -- behavioral technology embedded in robinhood's stock-trading app. what is behavioral technology? well, like when virtual confetti rains down on users after they complete a trade. saying, quote: at the core he's concerned about protecting investors from gimmicks that kind of lure them in. it was really one of the topics of questioning for gensler, so we head to edward lawrence in d.c. you cannot talk about robinhood and reddit without talking about short sellers, right?

>> exactly. senators on both sides wanted to know exactly what regulations he would put into mace and what reviews would need to happen because of what happened with the gamestop trade and reddit, but specifically on robinhood. now, he talked about it from the investor side of this. he said he wants to protect the investor. he never once mentioned the loss of money from the big firms on the other side of this, the short sellers, but he did say he's interested in looking into the amount of information that's collected by robinhood, where that money goes -- or where that information goes and if there's money changing hands if it's sold. he also wanted to look at the order flow and payments for that. listen to this. >> what if a company, through the natural economics of network economics, collects and concentrates and dominates a field. we heard in congressional testimony a week or ago that one firm now has 40-50% of the

retail low. and so what does that do to the pricing of capital in this country. i think those are important economic questions. and also best execution, as you say, what does it mean to be best execution. >> reporter: the accountability he wants to bring to the ftc includes firms' climate change risk, disclosing any political spending, also the actual pay for executives and disclosing what stocks the firms are shorting. now, elizabeth warren wanted him to go farther in being more of an activist. listen to this. >> private equity. mr. gensler, is there any reason why a company that rakes in millions and millions of dollars from buying up small businesses and closing them down shouldn't have to disclose their general practices to the investors? >> i think it's the a bit hard if the investment advisers act that they would share their fees and any conflicts with their investors. >> reporter: and his testimony was all about the investor, the

customer and privacy related to that as well as transparency from companies. senator pat toomey warned him not to go too far down the activist lane. back to you. liz: edward lawrence, all of this matters to anybody who trades stocks, buys them, sells them online. all right, one day after their best session of the year, the nasdaq looks to be in retreat mode while the s&p is trying to battle back from a 29-point deficit. kind of almost there. i mean, you're looking at the nasdaq down 118, but the s&p 500 looking decent here. could a bull market be brewing in one sector that up until recently hasn't gotten to participate in the runup? according to goldman sachs, we are at the beginning of a bull market in commodities. the firm recently lifted its oil, metal and grain forecasts for 2021 saying it expects the group to return 15.5% over the next 12 months. has goldman been watching charles payne, "the claman

countdown" and super trader phil flynn on our floor show? watch. you have this, what charles payne just called maybe it's the start of a commodities super-cycle. you were ahead of that, certainly, on that call. >> most people would say we're in for a hell h think correction, but what if -- healthy correction. what if things do go bad? does that mean the commodities super-cycle is dead? i don't think so. liz: all right, phil, as we bring in our floor show traders -- great to see you, sarge -- if you guys are talking to an investor, they don't want to do the buying of physical, actual commodities. let's have some names where if this is, indeed, true that they can work just as well over the next 12 months, phil, go first. >> and i like the blackrock commodity fund. it covers everything. whether you want ag, precious metals, it's all in there. and they do not not only direct

commodities, but a lot of the actual stocks, you know, the miners, the energy companies, and it's a well-diversified portfoliod to do that. but there's some great commodity stocks. in oil prices are going to soar, the old energy names that a few months ago everybody wanted to get rid of. exxonmobil? who wants that? chevron. guess what, those stocks are going to do very well. very interesting, in many crises we see the beginning of these commodity bull markets, you know, we had that big pullback, everybody thought, oh, my god, we're never going to see demand ever come back, but that's when these cycles are born. you see a surge in manufacturing, all of a sudden you're running out of supply, and that's what we're going to see. liz: sarge, talk to me. talk to me, goose. i need to hear from you what are some plays here that encompass what you feel are the commodities that could really stand to run in the next 12 months? >> all right. now, when goldman and phil speak

about commodities, i think they're really -- i think what they're seeing is this fiscal stimulus that we're talking about right now down in d.c. plus the infrastructure rebuild that's going to come later in the year, hopefully. so we're talking about $4-5 billion in extra deficit spending, all right? this is going to weaken the u.s. dollar, or at least that's probably goldman's thesis. so you want to be in precious metals. i like physical gold but also gld which is the gold fund. also silver because that has an industrial component to it. you also want some physical silver just in case the bad guys ever come, all right? you want to stay in the industrial metals, you want to go to freeport-mcmoran. it's copper, it's gold but it's more copper, and those three, i think, right now are the basis of a thesisment you want to be able to move the materials, so you need a railroad. don't take -- berkshire hathaway

b shares, that's warren buffett's stock. they've got a whole lot of other stuff, and mr. buffett is probably better at picking stocks than you or i. and last but not least, phil already mentioned exxonmobil. why? because they're starting to do the right thing about climate change, but they're still going to make money from fossil fuels, so you've got both bases covered. liz: you know what? berkshire had a great day yesterday with, obviously, on the heels of what's going on, phil, certainly from his shareholder letter where they managed to just to an incredible business when it came to revenue, etc. but what about the actual soft commodities, phil? and i don't want our viewers' eyes to glaze over, but you're talking about cocoa e looking very strong, arab ca beans, now i'm really out of my league. my mom's going to start yelling at me saying, you know what? i fear for the nation when my

tower's talking about copper futures -- daughter's talking about copper futures. but there are plays there, are there not? >> coffee, you and i support that market personally. yeah, coffee and copper, we have a structural shortage of copper in the market, we're going to all-time highs on copper. look at lumber the last several months. it's gone through the roof. so there are some real problems. soft commodities, i think this is the year of grains. we've already are been in a gold market for corn, soybean and oats, and i think we're talking about in a year where corn could be $8 a bushel which is unheard of and soybeans maybe over $20 a bushel. those are going to be record -- not record high prices, but the highest since 2008. and i think they're on the way. liz: gotcha. copper, we got it, we got oil, we got everything. guys, thank you. it's wonderful to see you. s&p 500 now down just 3

points. we're watching that very closely. by the way, later, coming up we're going to speak with citigroup's tobias lefkowitz about whether he sees the bull run charging ahead as the pandemic right before our eyes, at least thanks to vaccines, is entering, hopefully, one of its final stages. the nba all-star game set to take place this week, but a whole different competition played out at milwaukee's forum. peter fagin and pfizer's see you fred bisignano are here next on how they made cash rain down from the scoreboards for small businesses desperate to get back on their game post-pandemic. closing bell ringing in 49 minutes. "the claman countdown" is coming right back.

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♪ ♪ liz: milwaukee bucks forward heading to atlanta to represent the bucks in the nba all-staff game, but his home arena morphed into a field of dreams yesterday

for local business owners desperate to get back to business. >> fiserv, they have a surprise for you guys today. instead of $1,000 grants for you, we're going to give you guys a $10,000 grant today. [cheers and applause] for you and your businesses. liz: that was the coach of the milwaukee bucks. twenty milwaukee-area minority if business owners slammed the hardest by the covid-19 pandemic when they were each gifted a $10,000 grant to help keep the lights on. businesses ranged from barbershops to popcorn merricks as the winners. frank bisignano and milwaukee bucks' president peter fagin

both join us now. the winners had no idea they were getting ten grand. tell us how this went down. >> we've been running back to business program going back to the summer and wanted to go into communities and help. we love small businesses across america, and the bucks and fiserv have an unbelievable partnership, and coach and peter were pretty adamant about what we can do in the community. weed that her done a -- we had already done a couple of things, but with the help of the bucks and coach, we had the opportunity to go in and help 20 businesses. and it was probably a 10-minute conversation between us on how to go do it and then execution by the teams out in the field. you can count on both of us being tremendously committed to milwaukee, the black-owned businesses, to help them. and you should expect us to do

this together more than this one time. the bucks are fabulous. liz: peter, honestly, it's one thing to have a guy like frank who is such a big thinker on these levels, but to partner up with you guys who, he just said, a 5-minute conversation, let's do it, let's make it happen. why is it so important and, obviously, we know what's happened in the past year, specifically the protests in kenosha, wisconsin, there are so many things that have happened to hurt the businesses aside from the pandemic. why was this important to the bucks? >> it's the question frank started in our conversation, what's important to you, what's keeping you up at night. and maybe two months ago we sat down, a month ago we brought coach in, how do we affect change. we talked about access to capital, we talked about technology, we talked about resourcing. frank kind of said we do that, like, we can actually -- we can accelerate that. why don't we create a local, national, global platform, use your relationships with our n

back, team and naming rights -- nb answerer team and naming thisis and put anccelccan o o is it didit dtn' take coach c a ior 0anan son tononeaonzeeaon a a ens a akk din d ygou kw, 14 latat watrertgg to t pgrro wch willele o mliils o drs a s nd grands. ,soounoououout's just incr edincr.ib. 'sit l,e,ikikllin oin oin t vi oon ton t exeticu hee bn b chchch annn ireble, yble,ounow, fu par p p to t be invvenvdvevei z: he ty thought,hthtnk, the,he, ngoio g g $001,0 eac e th'snblurprise.pr yo know, for som of ohesehe sinesiestalk abolk alk the c t critercr tcrtouifdd h. you hyo ayoutyoyoyo 1 businusseo were crean cdate c c c c c and d up picking the 20. talk about what jumped out about those businesses that that gave them the cash. >> well, you know, these are sole entrepreneurs, they're putting all their human capital, their economic capital, some of

them have been trying to get through paycheck or to pay their people, they're keeping -- many of them are taking nothing home to stay open. and we spent time studying and thinking how can we help the business grow, how can we bring technology in, and then how can we give them capital to give them the wind at their back in this difficult time. and we'll stay with these businesses. we'll help them with the technology, with the innovation. but, you know, these are, we made a commitment to these minority-owned, black-owned businesses to help them get back in a big way, and these are great candidates. these are black-owned businesses that are owned by people who put all their heart, soul and capital into them. you know, we're committed. liz: yeah. i'd like to say, you know, it's one thing to give them the fish, the ten grand, it's another to give them the fishing pole

which, obvious, was the clover payment process system that they can now use. and i saw you guys were giving them the milwaukee bucks jerseys there, peter. speaking of which, you've got to talk a little basketball with me. the bucks have had a very nice lead in the central division. i believe they're on a five-game winning streak. what makes you think this is the year that they go to the championship and win it all? >> listen, i think from the beginning of ownership acquiring this team, it was how to be a championship-caliber team. we resigned yanis which was a history-making event. with the surrounding cast, it puts us in the championship caliber. our expectations are to win, our expectations are to go to the finals and win, so it's great. when you've raised the bar and your expectations are championships, that's a fun, competitive place to be, a pressure place to be. so we're excited. we're excited here in milwaukee,

and we're kind of finding our pace. like, we've got a strong team. liz: great to have you both. and, frank, such an inspired idea. fiserv broadening this out, please keep us posted. we want to follow the program. frank bisignano, peter feigin, good luck to you guys. thank you very much. >> thanks, liz. >> thanks, liz. liz: anytime. great to have you. as bitcoin and crypto become an increasingly sizzling hot topic within the new administration, what are crypto industry leaders doing about it? oh, they're on the move. charlie gasparino has it next. stay with us. many. ♪ ♪ ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa

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all its cars by 2030. it aims for 50% of global sales to be evs by 2025 with the rest hybrid and, of course, eventually going ev all out, all in. and volvo's electric models will be sold exclusively online, they plan to get rid of the dealership model. chinese ev maker nio posted a wider than expected net loss, and it expects its deliveries of evs to slow down in the current quarter. the stock definitely slowing down, it's losing 13%. let's check on rivals,-pang and -- x-pang and lee auto, both lower. investors are taking aim at target. this is an interesting development since the retailer reported earnings this morning. it's down 6.8%. here's what did it. it plans to spend $4 billion a

year to upgrade stores and its online business which will eat into margins, certainly did not make investors happy even though target reported a 21% increase in revenue last quarter, but it also did not provide sales or earnings forecast guidance for fiscal 2021. and rocket has just been halted again for the second time today. look at this spike. a second before it was halted, it was up about 72%. not trading right now, right? we're still halted, brad? yeah? still halted. it's up 63% just as it was halted. it hit a record, turbo blasting to $42.83. the heavily shorted stock got mentioned in a number of posts on, you guessed it, the the wall street bets forum on reddit.

the float stands at 38%. the short float started increasing expo exponentially, 350 million over the past 30 days leading to, of course, the short squeeze that the reddit rebels love to do. they get together in that chat room, they all decide to buy, hence, squeezing out those hedge funds and investors who are trying to put the stock down. rocket, of course, declared a special dividend last week. at the moment, again, still halted. we'll let you know when it starts trading once again if it does. sometimes they don't let it trade again when we're this close to the closing bell. crypto investors are not waiting for the biden administration to crack down on the industry. charlie gasparino joining us with exclusive details on how a group of crypto leaders is pushing their own interests. >> yeah, we're going to have more on this story in the days ahead.

we're just starting to get wind of this. we've been talking to ceos that run industry leaders, and they are concerned about gary gensler as he tax over at the securities and exchange division, also some comments from janet yellen, the treasury secretary the, about crypto and bitcoin being inherently worthless. they don't believe this to be the case. they think they're on the cutting edge of something big. and here's what we understand, if you listened to gary genslered today, liz, it was interesting, he did mention that crypto's going to be on his radar screen. should point out that he did a lot of research about this while he was at mit before he takes over as sec chair. he needs to be confirmed, but looks like he will be. we're understanding a bunch of industry leaders are discussing whether to go together as a consortium and maybe create their own trade group to basically go to the biden

administration and say, whoa, if you're thinking of regulating us, not so fast. here's the good part of the industry, here's what the industry is doing, here's why elon musk is allowing people to buy teslas with bitcoin. this is a real business, it's a real thing, it has real long-term value. and you guys, if you're thinking of regulating us, just, you know, take a deep breath and hear our side of the story. we don't know if this thing's been formed already or whether it's about to be formed. we do know there's a lot of chatter. and i think if it does happen, and i think there's a likelihood it will, you know, i can't report everything i know just yet because some of this was told to us in confidence, some of it is still developing, it'll be major players. i would suspect you would see guys like the big investor into crypto, people of his stature going and starting to be industry leaders here. we should point out that the crypto business just by its very nature is very disjointed.

the banking business has a lobby group. i don't think there's a crypto lobby group just yet. excuse me, liz. but there will be one. and this is the first steps towards that. and, again, comes as you heard gensler today talk about the crypto being, you know, among the top things he's going to hook at including robinhood. i thought he was fascinating on a number of levels. one of the interesting things, conversations -- and only a geek like me would figure this out, maybe a geek like you would if you were listening to it is gensler's notion of materiality, what must be disclosed. he had an interesting conversation with pat toomey who said, well, if apple spends $2 the on lobbying or the funkal equivalent of $-- functional equivalent of $2 given its massive balance sheet and earnings, by the very nature that number's not material, then it should be disclosed.

gensler said, no, i look at materiality differently. that might be important for investors to know they're lobbying and how much even if it's a minuscule part of their corporate earnings. if you take that approach, liz, there's so much that's going to be disclosed and forced to be disclosed by this administration including, you know, whether you use renewable fuel, how much of it, move down the list. you could really impose corporate progressivism in corporate america. progressivism in corporate america at a very expansive way if you basically take a different view of what materiality is in terms of disclosure. and i think that's what we're going to see out of gensler who's very close with elizabeth warren and progressives on capitol hill. anyway, as you know, it's a lot here. cryptocurrency is clearly on the list as well. back to you, liz. liz: in fact, wait til you hear what larry kudlow and i are

going to discuss in just a few minutes about atm dispensing and trading crypto. all right. while charlie was talking, rocket mortgage started trading again, and then immediately was halted once again. that's three times in just the past day. but twice in the past, i don't know, 20 minutes? so we're looking at it right now. it is up 68%, halted at the moment. we're looking at a price of $40.93. looks like the big short squeeze is on. we are coming right back with much more, an exclusive interview with tobias left cowitch, the man who makes big decisions on where the markets are going at citigroup. don't go away, he's next. ♪ ♪ ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming.

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liz: we have breaking news. this just in, texas governor greg abbott has just announced the end of a statewide mask

mandate citing improving covid-19 case numbers. and he now says businesses can open at 100% capacity starting march 10th. plus within the next hour the white house is set to announce officially the johnson & johnson will partner with its rival, herb, to churn out -- merck if, to churn out a vast amount of j&j's just-approved vaccine at 4:30 eastern. so the news keeps getting better and better, right? well, the s&p 500 has shown remarkable fight and resilience so far year to date. look at it, it's up about 3.3%, but through a very choppy couple of months. is the stock market a more dangerous place to be today than it was last month? february? are there tectonic shifts starting to falk place underground that could soon shake or at least reposition the investment landscape? let's bring in one of wall street's most closely-followed stock gurus, tobias lefkowitz

who sent es sector allocations. great to have you, tobias. let's do a little stock seismology here. on the surface we see so much reopening optimism. what do you see bethe ground that perhaps could affect stocks in the next let's call it six months? >> so we've been worried over the past couple of months about a number of things, liz, including a euphoric sentiment, higher in terms of the readings today than we even saw back in 2000 at the peak of the tech bubble. valuation is certainly extended in a number of areas, and we look at seven different approaches that we take. we're sitting here not quite at 2000 levels, but pretty darn close and two standard deviations above average which is disonsetterring. and thirdly -- disconcerting. there's still upward revisions, they're just not as powerful as before, so you're seeing a delta here of weakness.

again, none of this is suggesting more than 10% type corrections as opposed to a wear market and a collapse like you saw from 2000-2002. we just don't have that kind of framework, thankfully. liz: okay. so you're looking at, what, at the most a 10% correction. do you have a pinpoint, vague area on the calendar of when you expect this to happen and what could be the trigger? >> if we had the exact date, liz, you know, we'd be doing this interview on my yacht. [laughter] i think the -- you know, i think some of the day that we're going to have to watch for, for example, and this is what scared the market in the last couple weeks, the sense that we might be getting some inflation. bond yields started spiking, and there's a good reason to worry about inflation in the near term, and that's because if we look at the manufacturing pmi data, the business price index has spiked over the past four or phi months. that typically leads cpi, bond yields, 5, 10, break-evens by

about three months. so we're probably heading into a more challenged area because of the data we've seen. and, in fact, that manufacturing data came out yesterday and showed an even higher level on the price index. so, you know, it's not horrible, but it does suggest that there's some choppiness still to come. liz: okay. so make a suggestion to our viewers. what do you see as an opportunity even with what you have just outlined which is a possible correction at some point? is it the dividend growth names? is it the value names? is it, i don't know, consumer discretionary, the tech mega caps again? >> okay, so we do think it'll be more of the value and cyclical areas. we've been saying that for the past five, six months. when volumes go up typically, for example, you'll see small caps outperform nasdaq. so it isn't the mega-cap tech names. just to give people a picture in their minds, think about a dog

sled, and it's usually being pulled by huh keys -- huskies. as you take them out for a rest replace them with cocker span yells, poodles and chihuahua, it's a lot harder to pull the index from the dog sled in the sense that the smaller market cap areas like materials, like energy, like industrials replacing 28% of the s&p being tacked. so technology that happens to be in retailing or happen to be in the communications sector, now it's almost 38% of the market. so, again, if you kind of back off some of those and you start to see some of the smaller areas picking up, it just doesn't pull up the index the same way, and it might be -- liz: you know, tobias, i hesitate to call zoom and its performance froth because it has been such an important key to keeping us all afloat during the pandemic. but look at the stock right now. if we could pull that up, it's

at session lows. it hit about 437 two minutes after the opening bell. it's pulled back rather significantly. it's at 375 right now if, down about, what do you want to say, 8.5%. but do you think the work from home stocks have seen their best days, or will it be a stock picker's market for the really good quality names? >> i think it's going to be a stock picker's market. it always is. if we even go back to the 2000 era, a number of those companies that were dot.coms, you know, just starting out have, you know, transformed themselves into dominant industry players. unfortunately, about 90% of them didn't. and in that sense i think we're going to see the same phenomenon. you know, i won't specifically talk to the stock name you've mentioned, but a lot of the software services names are the ones where you're seeing a lot of the frothy valuations. i've seen one trading at 90 times revenues. i believe in growth, but not

to -- liz: well, that -- >> -- support that kind of valuation. it's great if you're the owner of the stock and made the money, but on the other hand, it's pretty outen landish. so investors, you know, valuation isn't necessarily the best timing tool. it certainly tells you where there's risk and vulnerability: liz: yeah. tobias, thank you so much for your perspective. tobias lefkowitz at citi. rocket is trading once again after being halted. it's now up 73%. when we come back, larry kudlow on atms trading and spitting out crypto. ♪ ♪

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♪ ♪ liz: yet another sign at this

hour that crypto is going mainstream, coin slip. this is the leading bitcoin atm company in the u.s. will now allow doge coin to be exchanged at all 1800 of its atms nationwide. so doge coin is what some call a meme currency, right? it's worth about just under five cents right now, but bitcoin, for its part, briefly touched $50,000 per coin last night and is now at $47,215. but what does this mean if you can now exchange with two kinds of crypto at atms around the world? the larry kudlow, host of "kudlow" on fox business. larry, inching towards mainstream, taking big leaps in the last couple months. what do you make of this? >> i like it. by the way, liz, i love dogs for doge coin -- liz: so cute. >> i'd love my terrier on one of

these things. [laughter] it's definitely here to stay. some retailers have said they will accept cryptocurrencies, whatever they may be. but as i think you know, we still have a ways to go in the technology. i mean, you know, the block chain, the so-called ledger and its connection to these outlets whether it's checking accounts or atms or retail stores, that's got to all be improved, doesn't it? the. liz: yeah. well, absolutely are. but, again, you've got bigger names, you now have daniel loeb who's the latest hedge fund manager billionaire saying, you know what? i'm taking a deeper dive into this, i want to look into it. i agree with you, i think it is here to stay, but it may very well be a bridge between the currency that many of us understand which is, for example, the u.s. dollar and what will be the wave of the future to have a digital current she. >> well, that's an interesting

point because there is a different between bitcoin, just call it cryptocurrencies and digital currencies. a very important point because the digital currency will be completely regulated by the federal reserve and other regulators whereas the bitcoin is avoiding that. now, that's the libertarians. they don't -- i mean, they founded cryptocurrencies so wouldn't be regulated, and they want it separate from the u.s. banking system, and they do not want government control and regulation and so forth. that's going to be a bone of contending, liz. there's no question. the federal reserve is cooking up a digital currency plan which will be regulated. now, that is not only different, it's going to challenge bitcoin, and i think that bitcoin community, if i may, is going to resist. liz: yeah. yeah. larry, they'll be late -- you're right -- because china's already there. "kudlow" airs at the top of the hour, special guest republican senator rob portman. can't wait.

great to see you, larry. hey, that's only eight minutes away. see you then. it's the age-old question of choice, coke or pepsi? today's countdown closer is about to tell you which stock he says you should drink up to give your portfolio a pop. stay tuned. with the closing bell now seven and a half minutes away, dow's turned negative, we're down 88. ♪ ♪ metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe,

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because peace of mind is something you just can't get in a cardboard box. that's healthier made easier. at cvs. ♪ liz: closing bell in 3 1/2 minutes. nasdaq hitting session lows. we're down 25 at the moment. now we're down 215 for the nasdaq. we have a question for you. coke or pepsi? take a look at a one-year comp chart. coke down nearly 10%. pepsi less than half that. as the recovery continues, the possibility of rate hikes loom,

today's "countdown" closer says look for reasonably valued names that can leverage the recovery, avoid a selloff from rate hikes, and there independence a good dividend. applies to one of these names. clearbridge investments, 120 billion under management. michael, coke or pepsi? >> some have their own preferences comes to with respect to the drinks. from a stock perspective both terrific companies. we like cokeheading into 2021. the reason we're in 2021. the reason some of the headwinds we saw for coke last year actually becoming tailwind. coke yield, 3.3%. nice dividend. what hurt coke in 2020, unlike most customer staples, vast majority of their product, have products consumed at home, the coke has large on premise is where restaurants are, serving

coke and it is highly profitable for them, their fountain business that was a headwind last year. it will become a tailwind. the other things we really like about coke, we i this the new management team is doing terrific job. the new management has been they're couple years, they are doing very well. the old saying never let a crisis go to waste, coke took the downturn, cut their skus in half, from 400 skus to 200 skus that will improve focus and cost improvements. liz: what is your recovery thesis as we watch the recovery unfold, reopening unfold before us right now in about happen an hour? president biden will announce a unbelievable partnership between rivals, j&j merck. they will start pumping out the vaccine made by j&j. what is your sort of way to assess stocks at this point? >> we're bullish on reopening,

recovery in the economy. vaccine, reopening, fiscal stimulus, monetary stimulus. we think 2021 and 22 have potential to be some of the best economic years we've ever seen. how that flows through with stocks depends what happens with interest rates. depends on people coming out of their shells, coming out of the house and. they will not be hit too hard for low rates depending on valuations. >> i have to ask you, how much attention are you paying quickly what is going on with this reddit discussion and the volatility that happens, for example, today rocket mortgage? >> yeah. so, obviously i read the headlines and like everybody else. i think, you know, i think most institutional investors have been somewhat surprised by the dynamics, trying not to let that sway too much of what we're doing.

so on a day-to-day basis it is not driving anything. but we do think it reflects some of the excesses and some of the -- [closing bell rings] >> dynamics of the market we're seeing today. liz: got it. great to have you, michael that will do it for "the claman countdown". ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. folks, sorry to have to do this but i have to begin with some bad news. joe biden's washington is talking up taxes like there is no tomorrow. it is not lower taxes, it's higher taxes. it's much higher taxes. pretty much now almost anything that moves will be tagsed. now we know they want to raise the corporate tax and the income tax and the capital gains tax and the dividends tax. i'm not sure i missed any of these taxes but now big push, senator elizabeth warren and the very progressive left is talking