the to -- hand it over to my friend and colleague, liz claman. i don't have a good feeling about this one. liz: well, yeah. and look at the nasdaq. i want to punch up if we can, i'm calling an audible here, the top five laggards for the nasdaq. you've got baidu, libre, lululemon, align technologies. this is a broad-based nasdaq selloff, and this is just specifically that we're looking at tech stocks or stay at home stocks, although those are getting swamped as well. we're going to the take it to our floor show traders in this just a minute to see how much worse or perhaps slightly better this gets, but we've already enduredded about a 370-point swing from peak for the nasdaq. breaking news, capitol hill still wrangling over the details of the $1.9 trillion stimulus bill, but the senate is apparently minutes away from preparing to begin debate.

we've got the live picture here of the senate floor. just who will get the $1400 checks at issue as republicans question the billions of dollars headed for the states which actually have had improving budgets. we're get up -- we'll get up to the minute status live from the halls of capitol hill. stimulus certainly could have something to do with wall street's split decision at this hour. markets mixed with the dow pushing slightly higher, up 64 points, and the tech-heavy nasdaq, as we see, down 282 at this moment. one company seeing a split decision of its own, a good news/bad news quarterly report. but sports streamer bubo tv has bigger plans. ceo david gambler here in a first on fox business interview. they reported quarterly numbers yesterday. he's here for you guys first to tell us why he's ready to roll the dice on sports wallerring. and suable row's cross trek the

posting shocking numbers in the month of february, but the company known for its environmentally excited consumers, weather vehicles lag aring behind in the race to an all-electric future. suable row of america ceo -- suable row of america ceo is here to explain why and when we will see an ev. it's a fox business exclusive. let's take it to congress right now, just exactly who will get that $1400 stimulus check. president joe biden agreeing to changes as late as this morning to limit the eligibility for payments. senate republicans are now griping about the amount of money headed to states that they say don't really need it right now in an improving pandemic economy. let's get to capitol hill where fox news' chad pergram has been trolling the halls and trying to find out exactly what's behind every twist and turn. chad. >> reporter: good afternoon. well, the senate is, in fact, inching closer to debating and voting on the covid bill.

special budget rules limit debate to just 20 hours. that should start later today. there is no filibuster, and that means a final vote could come late thursday night or early friday morning. listen. >> -- seems aren't the only people who are dead set against this bill are republican senators. not republicans out in the country, not republican mayors, not republican business people, not republican small businesses. >> reporter: the biden administration has set guidelines as to who is eligible for $1400 stimulus checks, those earning more than $8,000 a year -- 80,000 a year won't qualify. this is an effort to court moderate democrats. republicans oppose the covid bill. one senator says republicans are do blame for the size of the bill. >> votes count. every single vote counts. it hurt when we lost both united states senate seats in georgia. if we could have retained even one of them, we wouldn't be having this, we wouldn't be

spending $1.9 trillion. >> reporter: the senate has to get a price tag from the congressional budget office and the joint committee on taxation before starting debate on the bill later today. now, the senate is changing the bill. that means it has to go back to the house of representatives next week, but house speaker nancy pelosi says it should not be a problem. so far, so good said pelosi. liz? liz: chad, please interrupt us if this thing begins and we start to have any fireworks. we need to know because, of course, the stimulus and any news on it moves the markets. all right, so there is what chad just talked about, this one narrative that the country doesn't need such a huge stimulus package. but one year ago today federal reserve chair, do you remember this? jerome powell called this emergency press conference to announce that the fed had cut rates half a percentage point predawn, the first of what would be several during the pandemic to calm what he described as a pretty shaky financial system or at least jittery. >> we are beginning to see the

effects on the tourism and travel industries, and we are hearing concerns from industries that rely on global supply chains. the magnitude and persistence of the overall effects on the economy, however, remain highlien uncertain, and the -- highlying uncertain, and the situation remains an -- a fluid one. finish. liz: 1-1.25%, wow, those were the days, right? we're now at 0-.25%. such low rates have pushed investors into all sorts of directions since the pandemic. mortgage rates fell below 3% for the first time in last july, hit an all-time low in september. we got new data today showing weekly mortgage applications were flat. the mortgage banisters association is -- bankers association is forecasting applications are up 88% from the first quarter of last year to the first quarter of this year,

but low rates have also pushed investors to pile into stocks like rocket mortgage which, after soaring 71% during this hour yesterday with, is now tumbling 31. let's get to our floor show traders and, guys, let's be clear here. yes, some investors have create a lot of wealth lately playing this highly volatile stock game, but as the 10-year creeps back up and mortgage rates continue to rise, we've got to talk about why so many sectors are selling off in this final hour of trade. teddy. >> well, liz, it's a tale of two cities. last week we saw the market under tremendous pressure because of the interest rate, fear of interest rates moving higher, and yet yesterday and today and this week in general we've seen the reinflation play particularly in the financials, the money-centered banks, a lot of them all making new highs today. we've seen new highs and strength in the energy sector, all of it as a result of an

improving economy. so, you know, it's a little confusing for investors right here. you know, last week we got slammed because of the prospect of higher interest rates, and this week we've seen the rotation out of many of the traditional sectors such aztecs into the -- as techs, into the financials, into the energy stocks which clearly will benefit in particular with the financials from higher interest rates. so i guess you've got to pick your poison, but there's nothing wrong with rotation. rotation is healthy. and sectors that did so well from a year ago til now clearly will be slightly out of favor as we refocus on the sectors that are going to be, take advantage of the change, in the possible change in interest rates. on the other hand, the fed has said they're not going to change anything, and we always learned don't fight the fed. do we rely on mr. market or do we rely on the fed, that is the big question as we move forward. liz: yeah. hey, gang, can we start showing

some intradays of the s&p and the nasdaq? i do want our investors, as larry joins this conversation, to start to see exactly what's going on here. very choppy trading right now. as we look at the dow, which is still in the green, it's the s&p which has had quite an interesting move so far. it's all red, and now just a few minutes ago we were at the lows of the session, same with the nasdaq. harry, what's going on? what's -- larry, what's going on? what's wrong or right if you're a bear? >> yeah, stocks or even bonds, the prices have changed more than the facts. i think people are watching prices and waiting for the facts, and this selloff in the market eventually will need confirmation from the real economy. the fact of the matter is people are looking at the bond market as a bellwether for the stock market. but real yields have gone higher, break-even yields have been unchanged. so really this back up in yields is really about growth, and that's what's keeping the tock market as buoyant as it has been

except for today. people just don't know anything about the stimulus, is it too much, too little, is it just right? inoculation rates, past the pandemic and 10 million people still out of work, what's going to happen? you're going to see this volatility, but the fact of the matter is really the prices are changing right now way more than the facts suggest. liz: we're looking at s&p losers -- yeah, go ahead, teddy, and i do just want our viewers to know in case you didn't know this, we got the adp number which is the private jobs report, precursor to friday's february jobs report, and it was a miss, teddy. we added 117,000, we were expecting 177,000. go ahead. >> well, and unless i'm missing something, i actually don't see anything wrong with today's market. what i see -- liz: okay. >> -- a continuation of what we've been seeing now for weeks other than last week when they kind of slammed everything, is we're seeing a rotation out of the stocks that kind of led the market going back a year.

and remember where we were a year ago. we weren't in a very good place. liz: yeah. >> so as the economy improves and the vaccines become more readily available, you know, the risk is that, you know, inflation rears its ugly head and interest rates have to go higher. i don't think that's a bad thing. you know, the punch bowl of zero interest rates isn't going to be this forever, but you're going to get this sector rotation, and you see it today. yeah, you know, some sectors are out of favor, but there are also sectors that are very much in favor, and investors have to be flexible. yesterday's game doesn't necessarily work going forward. liz: yeah. teddy always giving us the perspective here. great to have you both as we check right now, the dow is still moving higher, we're up 80 points. the electric revolution taking the automotive world by storm, so why is the brand that counts the crunchy granola, outdoor city crowd among its top customers still without an

electric vehicle on the showroom floor right now? subaru of america's ceo is here on the lag, when subaru will join the ev race and how affected are they by what is a continuing global chip shortage. "claman countdown" is coming right back. it's the nasdaq that's suffering the most. ♪ ♪ turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim.

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debut evs, subaru, you know, ye of the environmentally conscious let's drive to the creek, does not have an ev right now. why not and when will you? >> well, liz, i think the last time i spoke to you was in april. we are with working on our ev policy and all of you are everything vs and so forth that are coming, but issue's one of scale. the market really hasn't tipped yet to evs in a way that allows us to bring the cars to market in a profitable way and making them affordable for our customers. but we do have evs in the pipeline. we have one coming next year with a joint venture with toyota. so we're going to be having evs, and that project's going to be starting next year. really we're kind of waiting for the market the kind of catch up and for demand to get to a point where we can sell these vehicles profitably in the marketplace. liz: just yesterday we had volvo

announcing by 2030 everything, all of their cars will be all electric of we know that general motors plans to have 30 evs on the market by 2025. you know, by the time you guys get there, how are you going to grab market share in the ev world? or maybe you don't think it's going to be that big of a pie to be able to grab. >> well, we're planning at, our president in japan has said by 2030 we're going to have at least 40% of our sales worldwide and in the united states will either be evs or some form of hybrid technology. so the products are coming. they're lined up and ready to come, it's just a matter of when that appropriate time is going to be. we're planning like everyone else, just not talking about it as much as other manufacturers might be. liz: i need you the talk about what every manufacture is dealing with right now, and that is the global chip shortage. tom, your cars have handfuls, piles of chips in each one. alleger average of, what did you

say, 34 chips per car? what are you experiencing when it comes to semiconductors and the supply chains that are still gummed up? >> yeah, really good question. this is a day-to-day, week to week issue that we're having with our suppliers. we're trying to make the best of it, and really it is one of these things that we're finding out maybe a week in advance, two weeks in advance what the production's boeing to -- goingo be like. i won't say it's going to hurt us just yet because we built so many cars over the last six months of last year and into this year that our inventory levels are in good shape. but we're working continually to make sure we can get adequate supplies of chips. i do believe that the second half of the year, you know, the market's really going to start to improve dramatically, and it's going to pop -- liz: okay, but -- nice, but if it doesn't, will you have to cut production, and have you cut production up until now? >> we haven't really cut

production significantly. we just had some minor issues so far, but we really haven't had to cut production in any meaningful way. so we're hopeful that we can continue to work with our suppliers and get the necessary chips that we need to put into the vehicles because, as you pointed out, they're in everything. they're in engine control modules, head units, they're in -- liz: yeah. >> -- really all of the safety engineering equipment, our eyesight technology. these chips are really everywhere in the vehicle, so we have to make sure we can secure add adequate supplies. liz: yeah. well, i would imagine that we hope to see some bottlenecking just break open, certainly, but it's been very tough. you know, subaru, the one thing about you guys is you are a corporation with a heart. what we have seen in this past year is this food insecurity issue. people who never were near a food bank have had to show up to get food. you guys have had an initiative here. is the need still as dramatic as

it was in the middle of the pandemic? >> liz, this time of the year as you go into the winter and we get into the spring, the need's even greater because remember, at the end of the year, there's a lot of people contributing to their local food banks and so forth. there's a lot of food coming in. but now is when we, people actually need that's why we partnered up with feeding america to donate another 100 million meals, we and our retailers and our business partners, another 100 million meals, and that's on top of the 50 million we donated last april. so we're really concerned about the level of food insecurity in the country particularly among children. you know, one out of every four children has food insecurity in their home. this is something we're very concerned about, and we want to help assist that. liz: we like corporations that to their part and more, and that's what you guys are doing. tom, come back and visit again, thank you so much. even though, even though i am not a camper, okay? [laughter]

if i can't plug in a blow dryer -- >> we can make that happen, liz. [laughter] liz: okay. tom doll of subaru usa. senator liz warren proposing a 3% wealth tax on billionaires. what are the potential consequences of this this new tax? charlie gasparino about to break it down for us next. closing bell, we're going to see it ring in about 39 minutes. the dow has lost 50 points since the top of the hour, we're now up 33. we're keeping an eye on this market, stay tuned. ♪ ♪

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block chain-related stocks are on the move, marathon, patent, silver gate capital, we do have a mixed picture with marathon up 1.7%, microstrategy down fractionally. this as coin base, the biggest u.s. digital asset exchange, already has a buy rating and a $100 billion expected valuation even though it hasn't even gone public yet. d.a. davidson says the direct listing of coin base will be a, quote, amazon moment. all right. yeah. okay, apollo global management has been shopping, first it's taking michael's private in a leveraged buyout that values michael's at $3.4 billion. the stock at the moment is jumping 22%. and then las vegas sands is hitting a 52-week high after agreeing to sell its las vegas properties -- that includes the casinos the venetian and the

sands -- for $6.25 million. the move come as the plant plans will explore online gambling opportunities. and speaking of online betting, shares of draftkings, let's take a look there. after hitting a 52-week high earlier, we do have it pulling back by about 3.6%. the sports betting company announced a partnership with dish network to integrate draftkings' sports book into the hopper tv platform with potential future expansion, so dish getting the beneficiary bump from that, up 1.9%. all right, should they worry about live sports steamer fubo-tv announcing an interactive wagering business? david gambler is joining us first on fox business in just a few minutes to give us details. yes, we will talk about the stock, yes, we will talk about the quarterly report that just came out which was a mix of unbelievably good news and kind

of worrisome news. we'll get all of that in a second. senator elizabeth warren's proposed wealth tax would put the skews to at least some of millionaires' and billionaires' fortunes. charlie gasparino has been speaking to people in the know about. this charlie. >> and how it's being received both on capitol hill and in the biden white house. kind of a cliff note version of our tax plan, taxing unrealized capital gains on certain investments for people who make $50 million or more. you would think that that's a very rarefied greed of people. it is, but those are the people that invest in venture capital. and if you start taxing their unrealized gains, well, then there's a chance you might not have much venture capital. so what we understand from my sources on wall street who are close both to the biden administration and to democrats in the house and in the senate is that this thing as of now is

going nowhere. i can't say it won't be tweaked, and i can't say it won't be changed in a way that's more palatable to get centrist democrats and even the biden administration onboard, but from what i understand many of biden's economic aides are very leery of this, particularly coming out of the pandemic, that it will have a chilling effect on venture capital. let's be cheer here, if you're -- clear here, you essentially put your money into these companies, and there's a long gestation period before you make any money. much of your earnings that you make, the growth in the company is figurative in the sense that you think it's worth x. it's not really making money. there's a lag -- there's a tail before you start making money. if you start taxing those profits that respect there or those gains that a really aren't are there, they're there mainly on paper because it's being valued by the street and other investors, you start taxing that, there's a good chance that

you won't find many venture capitalists putting money into early stage companies in silicon valley and elsewhere. so that's the worry. and i hear that's the worry both in the biden administration, that it's the worry in congress, that this is line hi not to get approved because -- likely to get approved because you have a 50-50 congress on top of the fact that the biden administration is a little leery about throwing a monkey wrench boo venture capitalism at this stage of the recovery as we're coming out of covid. so, liz, if you were going to ask me what are the chances that elizabeth warren is going to get this as is through the congress and approved by biden and his economic aides, as is now it's extremely low, i hear. and they are worried about the impact on venture capital. again, venture capitalists, they make a lot of money, but there's a lag time. and once you start taxing them, they're not making money. when they're just valuing the

asset which this hits, then you're going to get a lot of people saying i'm not going to put my money in venture capital. why don't i just throw it in an s&p 500 fund and fall asleep early at night. that's where we are right now. warren had no comment on this, but, you know, this plan has percolated through the years. the v.c. community, which is filled with a lot of liberals, less progressive liberals, but liberals nonetheless, have, you know, basically convinced people in the biden and the obama administration not to go there, and from what i understand, they have some people that are listening to them in the bind administration and congress. in the biden administration and congress. we should also point out president biden during the campaign wanted to raise some taxes on these sort of investments, but he's tailoring it narrowly on real estate, not on venture capital.

back to you. liz: okay. back to me. [laughter] no, listen, i understand liz juan's interest in tack -- liz warren's interest in tackling the distortions we now see in the wealth gap, but if you want to have less of something, tax it more. thanks, charlie -- >> remember -- [inaudible conversations] >> venture capital -- liz: i know! my god. do you see what i deal with, you guys? my brother here. okay. dow has now turned negative, down 4 points. cord cutters finding their sports fix on fubo tv the last quarter as the streamer posted subscriber numbers, but could its next move be a held to head throwdown with the likes of draftkings and the rest of the wagering crowd? david gambler here first on fox business. and just as -- you know what? we should get charlie gasparino some ca pew cha. it packs such a powerful punch.

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however, says it is staying shut. the nba team becoming the first in the league to announce it will not be allowing any fans at its home arena at all this season. so far 18 of the league's 30 teams either have fans in the stands or plan on them in the near future, but keeping fans out means more people may be watching from home. that is welcome news to the fubo-tv team who specialize in streaming live sports. their stock down about 18% at this hour, but they reported a wider than expected quarterly loss. however, the stock has jumped nearly 230% since going public back on october 8th, so now it's about to take a leap into sports betting. joining us now in a first on fox business interview, ceo david gambler. david, you know, your quarterly report yesterday was good news/bad news. fubo lost $570.0 million or

$2.47 per share on revenues of $105 million which, the good news, nearly doubled the year-ago number, and subscriber numbers jumped 73%. so considering analysts expected just an 85 cent loss, can you just let investors and viewers know what's behind the big miss? many. >> yeah, look, we had a very strong year, as you mentioned, we exceeded $100 million in the fourth quarter. we've raised guidance now three times. you know, it's a new business, and so we're growing, we're growing quickly. we've, you know, overdelivered on all of our kpis, our contribution margin continues to improve, it has for four straight quarters, you know, in 2020. but it's an evolving business, and we're moving quickly and taking advantage of the tailwinds. liz: well, how much does it cost to land each new subscriber, and what's your retention rate so far? >> yeah, so typically we look at acquisition based on our first

month's rbu and we main a town a cost tip twi between one and a one and a half times. and the reason why because we have been raising prices for the last five years. we started our service at $6.99 in 2015, and, you know, and we announced yesterday that we had $69. so for us the subscriber acquisition is a moving target, but it's in bend as it is been through q2 through 4. liz: well, your base price is right in lockstep with that of youtube and i hulu. however, sling is certainly less, we're put the prices up on the screen, $64.99 for the first three, sling at $35. do you anticipate at any point any kind of movement in the pricing era? i know you have an elite level that's more expensive, but these skinny bundles9 and the bundles themselves, you know, it's a

touch situation in your world right now because the competition's so heavy. >> yeah, well, you know, you're right, competition is very heavy. again, if you look at our fourth quarter, we added 92,800 net additions, and when you look at sort of the slate of traditional, you know, mvpds as well as our virtual peers, i think we outperformed all the companies that actually reported out, and i think there was at least a dozen if you include traditional and nontraditional. so we feel very good about it. you know, we continue to administer -- we added 260,000 subscribers in the back half of 2020, and if i go back to 2019, we actually -- if you look at our market share, it was roughly 3 president. so we've -- 3%. so we've almost doubled since thenful. liz: yeah. >> so the growth is there, our advertising revenue which is really the driver of gross profit, that came in at $8.50 roughly. so, again, we're feeling good about the numbers and the

economics continue to improve. liz: well, before we get to your sports wagering endeavor that has a lot of people really excited, i've got do is you about rich betweenfield. the analyst community on balance really likes you guys. rich greenfield, one of the most experienced out there, you know, he put out this tweet, and here it is on the screen. you know, fubo may be the most compelling short we've ever identified in our career as analysts, the runup in shares is just plain egregious, in our view. you guys cannot control how to a stock moves beyond doing your best and working the numbers, but if rich were right in front of you, what would you say to him about that? >> i mean, what is there to say? everyone has their own opinion. all i can say is when you look at what we've delivered, i would say that our track record speaks for itself. if i'm correct, rich came out with our full year 2020 subscriber number somewhere around 490,000, so we very

easily exceeded that. you know, he also suggested that, you know, sports wagering is not a reality, and here we are with a deal in iowa for market access license. so again, we can't speak for everyone, the only thing we can do is continue to do our jobs and do it well. liz well, let's get to that sports betting that may alter your trajectory. how, as you start to weave it into your site and your operation? >> yeah. well, so again, we have a unique opportunity to combine a video product that has over 50,000 sporting events on it with, you know, a wagering product that we believe could improve engagement and retention. so the idea for us is really can you create the very simple product for the casual fan to really sort of is are some more skin in the game as they're watching their favorite teams, and can we do it in a way that's frictionless. and the only way the really to that if there's one company that is working on the video and

working on the other component of that and being able to tie in the data the points and leverage all of the algorithmic machine learning capabilities that we've done, been able to develop for our video service or wagering. so we pulled forward with our acquisition of victory and look forward to launching our book sometime in the fourth quarter. liz: okay. i need you back before that and -- okay? >> absolutely. liz: we to want to follow this story. david, thank you. we'll be watching fubo tv. >> yep, bye-bye. liz: dow jones industrials just turning potts -- positive, up 10 points. really jerking back and forth. we're watching it very closely. and when we come back, much more straight ahead. don't go away. mug. ♪ a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time,

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♪ ♪ liz: the latest entry to the digital insurance space picking kind of a tough market day to debut on the new york stock exchange. oscar health, this is founded by josh kushner, yes, the brother of jared. flipping 10% right now on the first day of trade. shares did open at $36 per share, that is way below the ipo price of $39 a share. oscar uses a mixture to make insurance pricing for careerer for patients. so as it's down about 10.5%, we should take a look at some of the other digital insurers at this hour. lemonade, which has been sering hot, also pulling back. it's down about 6.25%. root, which is more auto insurance but also digital, up 3.9%. health care, of course, is one of the enduring and most difficult debates in washington

and on wall street, and so is the $1.9 trillion coronavirus stimulus plan. but do the states need with billions of dollars in aid right now that it appears that the economy is really slowly but surely getting off the brink of reopening and into opening? at the top of the hour, kudlow will hatch it out with author steve moore and 32 advisers founder robert wolf. i can't wait for this debate, larry. you know, the white house brushes away the gop argument saying that states need the money to rehire government workers or at least keep them employed. i get that, and local municipalities have really suffered, but what do you think the argument is, and how is this debate going to go down? larry: california and new york have budget surpluses. why should we give them any money? they have surpluses. and across the country, the total revenue story turned out much better than anybody thought because of the v-shaped recovery. and now, liz, i'm telling you the only thing i care about, the

stimulus bill, we go -- we cover it laboriously every day, every minute of every day, you know what? 79 million vaccinations. that is the most important number in the universe right now. by the way, only 28 million actual cases, but we are up to 79 million, all right? we will probably double that in the next three months or so, and we are close to herd immunity, liz. what does herd immunity mean? open schools, open businesses, open jobs, get back to normal. that's all i care about. stimulus stuff is irrelevant, and it's a mess, and it has perverse incentives. more unemployment if you give, more money, how about that? keeps schools and businesses closed. it's crazy. only washington could do this. of. liz: okay. well, you know, the previous administration, obviously, it was very much a desperate situation, also pa piled in with huge amounts of stimulus. some of it hasn't even been spent yet.

is that taken into account? larry: well, it's a good point. look, we negotiated several -- two large bipartisan packages. no reconciliation. and the one almost a year ago, you know, the one we did in march, early april, was the best, absolutely the best. and, again, it was bipartisan with the small business ppp and the unemploymenting assistance and so forth and so on. and i think it helped, you know, bridge the economy during the pandemic contraction. and you could argue, look, december at least i don't think it was the greatest panel, but it was also bipartisan. you know, the trouble now is this thing's out of hand because it's not bipartisan, and i think they're going the wrong way, and they're parceling out money. again, that money is not needed. what's needed, liz, is, okay, $300 weekly unemployment boost from the federal government. i'm okay with that, yes, okay with that. they want to go 400 or more. but the other stuff, liz, i wouldn't send out checks. i would send money for vaccines, vaccine distribution, vaccine doctors help, anything to do with that stuff.

liz: democrats wanted that, yeah. larry: i mean, that's the way i would have played this. instead of 2 trillion, this bill could have been 3-400 billion and that's it. liz: listen, all i want is brunch. i want to go out to brunch. , okay? so let's do that, larry. larry: 79 million vaccinations, herd immunity on the way, and i will buy the lunchover the brunch. liz: you know what? i'm going to order both. larry: i'll even go to new jersey for you. [laughter] liz: oh, i'm so honored. larry's going to be join by former white house chief of staff mark meadows as well. "kudlow" at the top of the hour only on fox business. we are coming right back, seven minutes left before the closing bell rings. don't move. ♪ ♪

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again when you start to see climbing rates, the 10 year yield started moving up once again today, we talked about, this is a converse relationship, an inverse relationship between stocks and rising yields, so we are seeing markets go down here. nasdaq down about 339 points. elon musk, did you hear about this, incorporate a city near his launch site in texas. he wants to call it star base. it is his publicly-traded companies our "countdown" closer says investors above 30 and under 30 should have. he is investment manager at huntington private bank, 130 billion in assets under management. >> it is one of those names, it has gotten cheaper obviously today. it was not a great day for tesla, snap or chewy, the three

names we have for you. typically the equity team are folked on companies generate a long term track record of profitability. of course these companies are not in that camp just yet. we single these out from time to time to point to younger consumers, younger investors and we think not so much about today's action or even tomorrow. we're looking more two, three years out and we think these names resonate with those younger consumers. it us how they interact with the economy. it is places, parts of the economy they interact with, but earnings expectations for these companies despite some higher yields still look really good for us in 2022, 2023, they are longer term holds. the fact they're down today isn't necessarily a bad thing. we don't want to buy high, sell low. we prefer to to buy low sell high. we're looking to be opportunistic with this volatility. liz: i think it is interesting

you're a buyer of these momentum names you don't want to buy on the high point of the chart. we always try to hammer that into viewers minds. chewy, snap, are your other two picks. we are at session lows right now. we were started the program at session low, but dow was up 66 points. we're down 97 but it is nasdaq that is really struggling right now. are you worried about the selloffs we see as the 10-year moves higher which should be good news? >> it should. the 10-year selling off to us is an indication economic outlook is good. certainly some of the names whether three we're showing today or some other covid-related names that did well in 2020 may have gotten ahead of themselves, it is okay when you look at the broader scope ever your portfolio we want to be diversified. we want to know higher costs of borrowing might come with these yields, to your point rates moving up does signal positive

expectations at least focus, we expect would move a little higher. liz: grade to have you, chad. of huntington. [closing bell rings] we're closing pretty much at the lows of the session on a day where the bears took control on choppy sessions. time for "after the bell" snowflake report and now -- ♪ larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. the gloves came off in the oval office. president joe biden condemned decisions by governors of texas, mississippi, to lift the covid-19 mandates and allow businesses to open to full capacity in days. despite other states reopening across the country, that biden used this insulting description for texas and mississippi's decisions. >> the last thing, last thing we need neanderthal thinking, everything is fine,