jack: definitely, thank you ben, carlton and jack sorry about your golf and car heaven those are great ideas, to read mark check out this edition of barron's.com and don't forget to follow us on twitter, that is it for us we will see you >> from the fox studios in new york city this is "maria bartiromo wall street". maria: happy we can do all that analyzes the week that was and position you for the week ahead i'm real bartiromo great to have everybody this weekend using social media to make money in the market coming up barstools dave portnoy is here explaining how his etf chooses its stocks based on buzz he will join us coming up let's take a look at the week's big moments with top

newsmakers in edition of this week's talkers. how would you assess the immigration story today. >> as you noted texas received the nationwide injunction against invited a administration plan to suspend all removals of illegal aliens for 100 days which of course would be plainly illegal and utterly unconstitutional. maria: you heard what bernie sanders wants to do, your reaction? >> is a catastrophe waiting to happen labor cost which is 77% of cost for most small businesses will skyrocket because a 50-dollar minimum wage my guess a whole bunch will give up right now. maria: the situation with governor cuomo a third of an individual has come forward. >> the attorney general has the power of an independent investigator this is just the tip of the iceberg. maria: governor cuomo made the decision to put covid patients in nursing homes. >> for 46 days that mandate was

in place to put over 9000 infected patients into nursing homes, we had no idea the family both my husband's parents were in separate eldercare facilities. maria: what triggered you to get into the berger business. >> no matter what americans love burgers, i really think that burgers can be very delicious, very healthy, they can be very appealing amber goodbye is 30 started preparing and selling some of the best burgers in the united states. maria: meanwhile a wild week for the market after starting up with the best rally in nine months a selloff field by comments by chairman jay powell who warned on inflation, we ended the week with the blockbuster february jobs report 379,000 jobs are added to the economy in the month of february boyd away economist expectation, the unemployment rate kicking down joy to be the fitzgerald

group principal keith fitz-gerald and brian payne, great to see you gentlemen this weekend, thank you for being here, keith how do you navigate this market volatility with the wild swings this week? >> the natural perplexity is to get very focused when in doubt zoom out, what my client says that i think you got a focus on what stocks are going to regret not owning rather than worrying about what you're going to sell an instant. maria: you really want to look at the fundamentals and ryan the fundamentals have been pretty good we got the jobs report on friday. at 79000 jobs added and expectations for 2021 nancy lazar who is been looking for gdp growth of 7%, your reaction to what we saw and what 2021 looks like as far as the backup for stocks? >> everything is surprise in the

positive, surprising the positive that's been what the market bottom back since last march i think you see more of that in 7% gdp growth, that the best since 1983, that is so phenomenal and we have to think about and not just talk about the law on your show, is a reopening trade, what benefits most from the economy reopening. maria: you want to buy the dips? >> i am buying the dips i'm nibbling in it takes every bone of discipline i've got my body in the study show buy low, sell high, that's how the game is played i'm thinking a much longer 5 - 10 year horizon i'm not so concerned about the 50/50 chance of closing higher closing tomorrow, there's an 80, 90% women) higher ten years from now. maria: ten years is a long time and when you look at that time

frame, isn't it true the best place for long-term wealth appreciation is the stock market? >> i don't think you have to look that long-term, the big thing is inflation, inflation is kicking in a big way will look at commodity prices, they are going through the roof at tenure at 1.6% right now, i think the fed their outlook on inflation they're probably looking at almost not looking at how much inflation is out there they downplaying a little bit and if you look at stocks are probably one of the best inflation hedges you can possibly have, i love stock tenure, but the worst place to be right now sitting in cash like bonds funds because of interest rate go up the cost of living starts going on much more dramatically than we think stocks are going to be the place to be i think more than ever you have to have stocks in your portfolio. maria: right about that keith, interest rates have been going up jay powell said inflation is

nowhere near the target, we are okay even if we were to say the rate move continue but this market has reacted to a 1.6% yield on the ten year and that's pretty close to where we are right now. >> think about what we said his idea that inflation is transitory, the fed has already caused the next crisis, we need to get that off the table, the real issue is not the rising rates and tell all the traders were their eyeballs have miscalculated about what that actually means, basically the market called his bluff is like a surprise, they called him out and jay powell had nothing to respond to the way around that is to buy companies that can protect their margins, constantly improving their products and technology in particular continues to accelerate faster than the growth of inflation i think we will see an explosion in earnings that most will fade into the rear headlights if you have a couple delight palantir going 50% a year or more, apple

which is exploding on every metric that they check, microsoft moving ahead those other companies that come heck or high water are going to do very well because earnings only positive thing in stock market affect the overtime. >> keith i have to disagree, you knew i had to do it, probably tech right now is so overvalued apple trades 30 times earnings that used to trade 15 times earnings it's going to be too hard for them to grow the profit. >> you said that two weeks ago. >> 15 times earnings you're right that we've been talking since december and apple is now down but the cyclical trades are up, going back to earnings i think the very critical and the markets going to go towards the earnings of the best and that's going to be an economic sensitive areas like energy, financial, materials, small caps. maria: i love this debate because this is what makes the market. he fitzgerald, brian payne, great to see about, we will keep

watching and we'll talk soon. we are looking to harness social media to pick stocks that's what barstools they put going is doing with his etf and backing doing with his etf and backing the etf tha doing with his etf and backing the etf tha doing with his etf and backing the etf tha doing with his etf and backing the etf tha ♪ ♪ ♪ when it comes to your financial health, just a few small steps can make a real difference. ♪ ♪ ♪ guidance on your terms. confidence feels good. chase. make more of what's yours.

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happens on social media, there is plenty of people who could be like yourself on the internet talking about the fundamentals of the company and saying they like it, it doesn't just have to be high, the sentiment could be based on fundamentals but it's basically trying to gauge what companies are being positively talked about across the internet and across social media, headlines, newspaper articles, all of it and put them into an algorithm the top 75 of those companies and stocks and also 5 billion market cap or more so than not by night stocks and put them all into one etf which is called buzz. maria: what a great debut you had $438 million of shares in the social sentiment of etf changed hands on thursday, what was your reaction to the debut, what kind of feedback did you get? overall, my crowd which is a lot

of retail people and we will go after institutional buffer what we do it was received positively, i'm an internet guy i've been doing this for 20 years and i believe in the power of crowdsourcing information and that's essentially what it is there's very smart people everywhere talking about the stock market, i think the concept was very favorably received and time will tell over the next quarter, year, two years, how this performs, last year by 40% and i think it will do it again that's i put my faith by a common tell about algorithms it's been around five years, before it's time when it launched but i think the time is right now and i think i'm probably a good person because of my experience with the internet in the stock market to get behind it and i really do believe in it. maria: that is true, i love the fact that it uses artificial intelligence, a.i. to scan the

internet and blogs to come up with the ideas in the stocks noted, tell us how this program or algorithm, however, you want to call it decides which stocks to put in the index? >> that is algorithm the data science puts overall positive sentiment. i'd be lying if i said it was good with math, numbers, i have nothing to do with the actual algorithm but whatever it decides this stock has the most positive sentiment goes to the list and every thursday it really looks at it, the third thursday of every month every looks at it and find is going on to keep updated and active with what's going on in the world. maria: because of this criteria some of the hottest names may very well be among the day trading hot names like a company like gamestop, tell me about that and whether or not you worry that these names like i

said earlier, we don't know that there necessarily good ideas to buy long-term based on fundamentals but the beans spoke about positively by certain portion of the market, perhaps they traders. >> gamestop is a good example is not an outbreak now, it rocketed past the 5 billion market cap because it went bananas better the have to stay there for an extended period of time above that and positively talk about to make it into the index. that is how it works, if you are looking to get 100% gains in a week or 200% gains in a week, this is not it. maria: you really took the ceo of robinhood to task when you interviewed him to talk about how the company decided to put restrictions in place on stocks that were being traded, your take on where we are now with gamestop is. [crowd boos] i was furious, i got killed, i

drew away from it maybe not think it was criminal but more on the incompetent side and he really didn't have robinhood prepared for this possibility which i think you should've been able to see i don't think it came out of nowhere it was building, the ipo i certainly think it played a factor in the decision that they made an almost after my interview and my take away every answer we had to protect the firm, protect the firm, protect the firm and it was not about protecting our client, i get if robinhood collapsed and didn't have the money all the clients would be hurt but again every decision he made i think was how do i protect robinhood he didn't show much sympathy or concern in my mind for his client base and that is a trust issue they will have to address at some level. maria: how do you protect the client that wants to push the stock up which wants to buy the

stock it was not a protection line of thinking in that regard, a lot of investors really got caught up in it and they were unable to do anything because of the restrictions that they put in place. >> i got hammered i lost 700 grand, i was one of those people who got destroyed because of it, he went back and forth liquidity, no liquidity but he essentially said a liquidity issue but if they did not do that the company was going to have a major problem and potentially fold and his logic as well everybody would lose their money if we went bankrupt, there is a bit of logic but again you should not be allowed to be put in opposition like the client has a trust deal and were putting our money with you and you have to know what you're doing and he did not. maria: for sure, we want to take a break but i gotta talk to you about this important and crucial

lifeline that you been giving small business day portnoy barstool fund coming to the rescue of restaurants, coffee shops, bars, barbershops across-the-board, small business you may be surprised how much the fund has raised and how many businesses it saved during the pandemic were talking the day put your, don't go anywhere more when we come back. >> you guys are doing an unbelievable thing. you don't ♪ limu emu & doug ♪ liberty mutual customizes your car insurance so you only pay for what you need. thank you! hey, hey, no, no limu, no limu! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (vo) ideas exist inside you, electrify you.

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businesses to operate a 100% capacity dave portnoy has been helping to make sure there are small businesses across the country for people to go back to his barstool fund has raised more than $36 million at this point and the number keeps growing more than 300 businesses so far, many of these businesses, family-owned for generations on their last leg has been saved by put noise fund, dave is with us as we can, what has this experience been like for you? >> it is been moving, i don't like i totally understood what were getting ourselves into or how big of an impact but you can see anytime we place a call to business owners in the relief wash away, it is gratifying i think all the people who have donated i almost feel like more barstools is a middle name and were disconnecting and people who want to help in something

great and not to sound cliché but $36 million we've had 300,000 people who have donated individually, it's nice to be able to connect everyday people who want to help so the businesses which are the fabric of the country so it's been very gratifying to be a part of and save these businesses and livelihoods in families. maria: i bet, we have an incredible debate in washington over stimulus, we birdie seen $5.3 trillion thrown at this economy to try to get us out of this lockdown, 25% of the gdp this weekend they are debating $1.9 trillion the six package and here you are doing the most basic stuff raising money for small business to let them live another day, what is been the

most important take away that you are hearing from small businesses, do they feel there being forgotten by the stimulus in washington do they feel like they need a shot to open up, what is been the most important take away that you hear from them. >> it really is discussed with politician all the way across the board but the left and the right, they just point the finger and yell at each other and stomp their feet and get nothing done it's a lot of grandstanding and meanwhile businesses are going out of business and nobody in washington seems to care what we put together in two days it took two days of brainstorming and coming up with this and they had a year, it is pathetic it is a lack of trust in our political system and if they cannot figure

out a way to help small businesses and by the way both democrat republican, everyone owned small businesses it's shame on them that was the take away. maria: why is it the small business guy and gal continues to get forgotten while the big companies gain so much as well as stock prices more billionaires happening within amazon story and small business can't even open to compete is. >> probably if you have money connections i don't know, there's no rhyme or reason for whatever rules that they make that's another thing i remember speaking with the yoga studio in our. >> are 6 feet apart, were not allowed to open but you can walk on an airplane, a lot of things made no sense and a lot of the rules, new york you can do this, you can do this, and these business owners, restaurants don't put money into it and then a week later they change the

rules and it's almost like the people in charge don't seem to understand what they're doing, you understand people spent money that they don't have to accommodate your new rules in your business, and then you change it on the fly, and very aggravating for a lot of people. maria: we so appreciate you doing what you've done in joining us to talk about it, dave portnoy, thank you so much dave portnoy, thank you so much for being here we will see walter, did you know geico could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis to help you break down boxes? arrrggh! what am i gonna do to you box? let me “break it down” for you... arrgggh! you're going down! down to the recycling center! >>hey, thanks martins! yeah, you're welcome. geico. switch today and see all the ways you could save.

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wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's worth. maria: welcome back we have another big program in the works for next weekend make sure you turn into wall street every friday night at nine eastern jonas for the very latest, this week and on fox news will see you on 10:00 a.m. eastern live on the fox news channel, sunday morning futures will be live with florida congressman matt gaetz, lindsey graham and investigative reporter john solomon all on sunday 10:00 a.m. eastern live on fox news and on

fox business start smart every weekday with "mornings with maria" right here on fox business, i hope you will join me daily that will do it this weekend thank you so much for being with us have a great rest of the weekend i will see you again next time. larry: i am larry kudlow. welcome back. the gloves came off today in the oval office and the president biden condemned decision by made of republican governors of texas and mississippi to lift mask mandates and allow business to open at full capacity in a matter of days. biden used insulting description to texas and mississippi's decisions.

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