market's going to have digestion problems. that's the only thing that really worries me. charles: okay. all right, well, or surgeon it has had it, but congratulations, you really were spot on with that and so many trades. we appreciate it. well, folks, we started the show and the s&p was up 9 points, and, liz, i hand you the s&p up 9 points, and believe it or not, it was all over the place in the last hour, which is just what we've seen in the past two weeks. [laughter] liz: indeed. we can start with this question in this final hour of trade, could we see history on the horizon? and when i say horizon, i mean in the next 59 minutes. the dow send spend -- spending much of the session above 32,000. if it can close above 32k for the first time, it will be just 42 days of trade since it crossed 31,000.

as the dow rallies, you can see the nasdaq is selling off again following three weeks of losses, down 8% in just the past week, right? if it drops 234 points, it officially falls into correction territory. of it's down 222 right now. amc theaters rallying after reopening its new york city locations this weekend. amc entertainment ceo adam aron is here first on fox business, this is his first interview following that first opening weekend of big apple box office action. he's going to tell us how it all went. and twitter's jack dorsey putting up his first tweet for sale. this is from 2006. all he wrote was "just setting up my twitter." the highest bid for this right now, $2.5 million for the original tweet. he's selling it as a non-fungible token, or nft the,

but what is that? you can't hang it on your wall, right? so why would you buy this? everything you need to know about investing in nfts from two of the most important insiders of the strange and fast-growing phenomenon of digital art. but first, a fox business alert. the nation now one step closer to final passage of the $1.9 trillion covid relief bill. the senate, of course, approved it saturday. now the house is set to vote on the senate's changes as early as tomorrow. this time around individuals earning less than $75,000 and couples earning less than $150,000 are the ones who will receive the full $1400 checks plus an additional $1400 per independent. here come the checks, folks. and this morning goldman sachs points directly at that stimulus for an update of its jobs forecast. the firm now expecting a jobs boom with the unemployment rate falling to 4.1% by the end of

2021. near the 3.5% it stood just before the pandemic. goldman's forecast is now the lowest on the street, and the firm says it could fall even further. what's the trade here? to our floor show traders, redler and phil flynn on this monday. scott, the equation, more money going into people's pockets and the jobs forecast looking bright. what are your top three picks that you believe will benefit not just from this window in time, but the longer stretch of time beyond the initial government cash injectionsome. >> well, i like, was looking at this morning, i was trying to figure out what could benefit and also have long-term uptrend, and i think visa stood out to me. visa, i think, will benefit from everyone getting the stimulus checks. i know i spoke to my mom, she said everyone in her community is looking to update their kitchens and dining rooms, they're on their credit cards waiting to get the money and pay

it off. anyway, it has a nice six month channel, so i am involved in visa. we talked about infrastructure, i'm still in u.s. steel, letter x. i think that once, you know, the stimulus package is out there, they're going to allocate a lot to infrastructure. we have to. we need to catch up with the rest of the world. and i also think everyone's talking about apple's getting closer to a spot near the 200-day where where you might want to look because s&p is still value, growth and retail. if consumers get more money, they're going the buy more apple product, and right now the stock is close to a level that's very interesting. is so those are my three plays, liz. liz: well, sure. it's below 117 right now at 116.84, so we've got to look and see where it's been, where it might go. we know apple is a hot play. okay, phil flynn, what has the long vapor trail beyond the original cash that will be going out -- people hope, certainly -- in the next couple of weeks from

the government? >> i think it's where the cash is going to go, and that's going to be into your gas tank, right? has anybody looked at gas prices? we've been up nine weeks in a row when it comes to oil prices and gasoline prices, and i think we're going to see kind of a squeeze on gasoline supply. i think some of the refiners are going to be benefiting from this. if those margins get improved. sonoco is one stock, it should have some long-term legs on the upside right now. they're really going to benefit with people getting back, you know, swiping those cards at the gas station, and that's going to be really, really good. but, you know, the other plays, the first thing you think about, first thing i think about is giving myself a couple cup of coffee, right? starbucks may look like this chart is breaking out. it's bucking the trends of the other favorites that haven't done as well on the nasdaq side, and it looks like it's breaking

out to the upside. more and more people go to work, their consumption's going to go up, i think that's going to be really good. and, of course, darden restaurants, the comeback play. people are going to want to go out and eat. they want to go out there. this stock's done very well, and i think it's poised to do a lot better once people get more money in their pocket. liz: yep. you know what? i love are all of these choices because -- especially starbucks. i cannot wait to go see those people hanging out in the place. great to see you guys. scott, fill -- phil, thank you so much. huge news in new york city this week, the theaters reopened. amc's stock is jumping 12.333%, it has more to do with fundamentals this time versus the reddit room chatter. webbush analyst doubled his price target to $5 a share. now, he's well below where the

stock is right now. taking the appropriate pandemic precautions, the movie theater chain has, indeed, successfully reopened 527 of its approximately 600 locations. however, he says it'll take years to get back to a growth strategy. during the pandemic this weekend was a major start as new york city theaters finally came back to life friday, albeit at just 25% capacity. in his first appearance since new york city's reopening weekend, we're joined by a america c entertainment ceo -- amc entertainment ceo adam aron. how did it go, did any theaters sell out? tell us what it was like. >> hi, liz. a wonderful day for amc. as you indicated, we did open in new york city this weekend without incident. a lot of our theaters were sold out. we have 13 theaters in new york. saturday night across the whole of the united states was the

single busiest day for amc since march of 2020. and the new york market was the biggest in the united states for amc. in its very first weekend opening, that's an example of pent-up demand. what a successful weekend for us. liz: and you can only imagine that that pent-up demand will only explode more once you go to maybe 50% capacity. adam, when are you hearing that? >> well, we understand that various municipalities and larger governmental entities like states want to open cautiously. but we would expect that the capacity limits will grow pretty rapidly especially with the incredible pace of vaccinations in the united states. as you likely know, liz, this week we should cross 100 million injections in arms. and it looks like we're doing, i

don't know, 75-90 million injections a month now in the united states. president biden said every american adult can get vaccinated by the end of may. clearly, that means the capacity limits in movie theaters will rise. liz: so you don't have any indication say from the governor of new york when you could see the bump up to 50%? i'm just pushing you on this because i'm very interested to know, and i think it matters to shareholders. >> well, we were so delighted just to open. it's been 50 and a half weeks that we were closed in new york -- liz: but who's counting. [laughter] >> pardon me? liz: but who's counting. >> but who's counting. every minute, i count. [laughter] but, yeah. so we opened at 25% capacity. that number's going to grow. but, you know, that's not as big a problem as you might think. remember that movie theaters are not sports stadiums or broadway

theaters that routinely are sold out. we're more like churches built for easter sunday. in 2019 pre-pandemic, amc was selling more movie theater tickets than any entity on the planet, only sold 17% of our available seats. we've got a lot of capacity. i'm not worried about seat capacity at all. liz: box office grosses, there were just a couple of movies that were out that are either brand new or at least two weeks old, raya and the last dragon. you know, the grosses were a little anemic nationwide. obviously, that was at about 8.6 million. you had the second week of tom and jerry at 6.6 million, there was the tom holland movie chaos walking. i mean, you didn't have a big blockbuster here. what happens when -- >> well, remember a couple of things. first of all, more than half of all movie theaters in the united states are still closed. by contrast, amc is almost 90%

open. but we have about twice as many theaters open as the rest of the industry combined. the next point is we're -- you know, some people say we're in the new car business, and to sell new cars, you need new cars in the showrooms. there have only been half a dozen major movies released in the last year. liz: right. >> we have so many blockbuster movies that were delayed and deferred in 2020 into 2021. we're going to have movies this month and in april and may, but wait until you see what happens with movies between memorial day weekend and the fourth of july weekend. i don't know about you, but i am so excited for the quiet place 2 has been elited by paramount early, f9, the latest fast and furious movie is coming out with

universal -- liz: maverick, you know. >> when top gun, maverick are, with tom cruise, i've heard that movie is spectacular. and it's going to be like that every week for the rest of 2021. we're going to see one major title after another. that's a very different scenario. plus, by then, by this end of may, june, july period, the number of americans vaccinatedded -- right now we don't even have 20% of the u.s. public that's been vaccinated. but the whole of the population's going to be vaccinated that wants one. liz: yeah. from your mouth to god's ears. i've got to ask you about those wild -- [laughter] wacky reddit room kids who picked, of all stocks, yours and gamestop. this, of course, has nothing to do with anything you guys were involved in. you know, they saw that you were a heavily shorted stock, they decided from this wall street bets subroom on reddit to just go after the shorts, and you

went from a market cap that was really worrisome of about $350 or 370 million all the way up to what is now $2.7 billion in part because they piled into this stock. you know, how does a ceo like you who has very little control over something like that, what was, what was that like in january and february when it was spiking and then plummeting? >> well, certainly it was interesting to watch. fortunately for us, we kept our eye on the ball which is managing the business, driving recovery. you'll also remember that in january amc announced that we raised $1,222,000,000 of cash and pay off an additional $600 million worth of debt so that we could say with confidence that we're going to work our way through this pandemic. there was a major change for amc. as for those redditers, all i

can say is this: there's a lot of affection for amc as a company across the united states. this is a proud 100-year-old company. going out to a movie theater is something that people have been doing for a century now. it's the second most popular out-of-home experience in the united states, second only to going out to eat a meal at a restaurant. and we took all that as a sign that there's a lot of enthusiasm for a return to movie going as, a, the population gets vaccinated and, b, new movie titles get released. liz: well, i am personally looking extraordinarily forward to goz civil la v. king kong. i'm offended you didn't bring that one up, adam, because that, to me, is quality filming, and i'm all for godzilla.

[laughter] >> i know you're going to -- when you come, right? [laughter] liz: you got it. extra butter. adam aron, thank you so much. come back again soon, and we're waiting for the 50%. because it's -- >> thank you very much. liz: anytime. okay. forget the royals, bombshell revelations now rocking the treasury department. [laughter] charlie breaks it on the new claims being made about secretary janet yellen and how much of a role she really played in the covid relief bill talks. oh, yes, this is way bigger than the royals. closing bell rings in about a 45 minutes. the dow is up 437, needs to be up 465 to close at a record. you've got to watch this one, we're coming right back. ♪ ♪

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we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 ♪ ♪ liz: so even as the biden administration pulled out all the stops to get the $1.9 trillion stimulus passed, treasury staffers are apparently saying that secretary yellen is nowhere to be seen. charlie gasparino joins us now with the exclusive details on

that story. what do you mean nowhere to be seen? >> and, liz, even more than that, her lack of direct involvement, being in the white house rarely only to meet with president bidenen, maybe to do a tv interview, her lack of not being on the hill, what i'm hearing from treasury staffers are telling fox business -- and i will tell you, yellen's spokesperson did not deny the crux of the story. i'll get to some of what they're saying in a minute. but that hindered the stimulus talks. you know, in the past with secretary mnuchin during the trump add manager, he was leading the -- administration, he was leading the talks. he was pressing the flesh in a socially distanced way, so to speak, with nancy pelosi, with chuck schumer, the leading democrats on the various covid bills. yellen did not do that in this effort, and what i'm hearing from treasury staffers is that that hindered the efforts, that caused a delay in the efforts. you obviously had democrats like

joe manchin holding out, asking for certain concessions on the spending side of this thing. so this thing really did raise a few eyebrows, this thing being that janet yellen is conducting most of her business, you know, via zoom. she's not a treasury secretary that's in the office much. and she did not play what they're telling me a major role, pressing the flesh in capitol hill to get this thing through. now, we should make a couple points here. janet yellen is 74. steve mnuchin was 58. obviously, a 74-year-old person is one of the categories that's most at risk for covid, we get that. and we also know that, to be fair, people do work from home. i am working from home communicating with you, you know, doing my hit here. that said, when i asked the trump people, former trump administration officials, you know, what was it like when you were there, the onus was to come in the office, they tell me. but not only that, when it was crunch time, when you had to get the bills through, you had to do

something really important like covid relief imagines -- packages, it was all hands on deck in the office, and this is a divergence from that. now, again, we spoke with some people close to yellen. they said she was part of the package. they did not deny that she wasn't on the hill, that she didn't show up, they just said she was part of the overall putting together of the package, played a key role, and they also made this comment to us. at the end of the day, we got the deal done. as you know, they did. it was a train-out process, it -- drawn-out process, it goes through the house, it'll be approved i think tuesday, and obviously president biden will sign it into law as soon as possible. it's very interesting. liz, one thing staffers pointed out to me is that a lot of the staff is in the office while yellen and her immediate reports aren't. the other thing is there's just so much you can do by zoom. every cabinet position and, as you know, the treasury

secretary's one of the most important cabinet positions, it's essentially in charge of $23 trillion economy, the u.s. economy, it gets classified information. there's so much of that you can do over zoom. and, you know, if she's going to keep doing this, they say it's going to hinder her effectiveness. we should point out the white house has no comment officially, but people close to yellen disagree with that assessment. i did a full write-up on this on foxbusiness.com, and, you know, liz, i want to say one other thing the, i struggled to be very fair, give her side of the story. obviously, we're in different times, it's pandemic, but you can make a decent case when it comes crunch time, you probably want the treasury secretary working the phones and maybe on capitol hill. that's what steve mnuchin did, masked up and all. back to you. liz: yep. and i remember that. i had sources inside treasury telling me as well they were working, you know -- [laughter] packing 36 hours into a 24-hour

day back then. charlie, thank you very much. charlie gasparino. well, evs or super-sized suvs? that's the question facing many auto buyers right now, as in today. the electric future already in gear, but will drivers be willing to trade in their gigantic suvs and trucks for clean power? the surprising numbers on where this race stands right now. and with the closing bell ringing in the 36 minutes with the dow jones industrials up 403 points, i am suv driver since 1990 will reveal the shift i've just made. that's after the break. ♪ ♪ ut the future. but thinking about the future, is human nature. ♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams

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liz: to meme stocks popular with the wall street bets crowd jumping for different reasons at this hour. gamestop is surging after the video game retailer tapped its

major shareholder ryan cohen to engineer the pivot from brick and mortar retailer to a full e-commerce business. look at these shares, up 39% right now. gamestop, obvious, had dropped from $480 to $41 in mid february. it stands today at $199 1.113 -- 191.11. another popular meme stock getting a lift, it is up 4% at the moment but compiled over the past week that's a 16% gain. last tuesday a wall street bets post triggered buying forcing a short squeeze. according to s3 partners, the short interest on rocket has grown to nearly a billion dollars. they are getting painful reaction right now because rocket is moving higher. let's get to spac land. newhold investment, that's the company we want to look at, shares moving 2.if 7% higher after confirming a deal deal to

combine with bill gates-backed evolve technology in a reverse merger that will value the crowd safety company at $1.7 billion. the deal is expected to close in the second quarter. and in what has to be a land speed record for buying on the dip and taking profits, peloton which spiked as much as 10% this morning after mkm partners upgraded the company to a buy saying that the recent selloff was an opportunity to scoop up discounted shares, has now the lost all of that gain and more. peloton now down 3, let's call it 4% at the moment. but mkm is noting it likes the supply chain improvements, rollout of a lower price tread mill and the network of very dedicate canned subscribers. dedicated subscribers. and if i'm not saying i'm one of them -- [laughter] because john oliver made fun of me for talking too much about it. okay. a government bid is in question at this hour, and that has

electric delivery vehicle manufacturer workhorse rallying significantly at this hour. it's jumping 13 points, 13%, rather. now, back in february workhorse got passed over in the its bid to build a fleet of electric vehicles for the u.s. postal service. oshkosh won that bid. a group of house democrats have introduced a bill to give up to $6 billion to the u.s. postal service to buy hundreds of thousands of electric vehicles, delivery company cars, right? but now that decision is in question because there was apparently a big block trade in oshkosh stock on the eve of the announcement that it had won the bid. so now there may be an investigation, that gives, of course, workhorse new hope that it could very well see an overturning of that decision, and it could maybe go to workhorse. we don't the know that yet, but it's jumping 13%. to the ev future. it is clearly in motion whether it's from the post office order to the auto industry the, but

are longtime large truck and suv buyers really ready yet to charge forward on electric vehicles? jeff flock joins us from a dealership in north aurora, illinois, with some surprising insight. jeff. >> reporter: i don't think so, liz. i come to you from riverfront chrysler jeep dodge ram. this is one of the few electric the vehicles they share here. this is a pacifica hybrid brand, and these are selling, but mainly what you're selling, corey -- corey spooner's the general manager here -- we're looking at jeeps, we're looking at trucks, we're looking at, you know, big car, gas guzzler ares, whatever you want to call them. >> a lot of trucks, a lot of suvs and giving the customers what they want. >> reporter: at this point they're not really wanting so much the electrics, although take a look at this, liz. in terms of financing, you know, increasingly people are willing to pay more for vehicles.

if you look at financing of gas vehicles, the average payment right now is $524. electric vehicles, $689. partly they cost more, but partly people willing to spend for it. and the prognosticators, if they're right, last year, 2020, about 2% of the vehicles sold in america, electrics. by 2021, that's going to pretty much double. do you see that as true? >> i do see it. we're selling more hybrids than we ever have, more so than the gas vehicles that we have. >> reporter: liz,as you know, you, i think, are a tesla buyer, a survey just done by aaa, and they revealed that 96% of people that buy electric vehicles would buy one again. 87 of them say -- 87% of them say even though they have a gas vehicle, they go to the electric first, and 95% say unlike, you know, the fears out there about people running out of charge, they've never run out of battery.

so, you know, as i said, liz, you -- [laughter] i think you -- do you not own a tesla somewhere along the way there? did you not come in contact with a tesla? and i guess i would ask you in our one-person survey, how do you like it? liz: i just got it this weekend. jeff, i took the plunge. you know, my first suv was a jeep cherokee. i don't even think it came with side mirrors. i loved that car. then i got a grand cherokee, then i got an acura suv, then i got lexus suvs. i finally took the plunge, got a tesla model y, and i picked it up this weekend. guess what? it is costing me less than my lexus suv. >> reporter: because of the rebate? liz: not in rebate. they ran out of money for the

rebates. it's just my monthly lease is less, and my insurance is less. so we'll see. and it's a crossover suv. we'll see what happens. jeff, thanks. >> reporter: and, boy, it's got some pick up, doesn't it? liz: oh, like that. and by the way, everybody, so this was not an easy decision for me to make because i am such a nervous nelly about snow being a californian, and i'm like -- you have to follow me on tiktok. i'm going to walk you through my entire purchase process as i bought it. follow me on tiktok @redfoxliz, and it's a two-parter, and you will see how nervous, but you'll go through the whole process with me, and you shall see. so it's a very interesting thing, and i've covered tesla forever, and it took me this long. i did a lot of research, so maybe learn from me. or not. okay, here we go, bitcoin rallying along with the dow at this hour. bitcoin stands at 51,139, but

could a new crypto investment be ready to grab the spotlight from famed art auction houses around the world in the red hot investment of nonfungible toke thens taking the digital and art world by storm. what collectors are paying for art you won't even hang on the wall because you can't. ♪ ♪ ♪♪ ♪♪

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and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763 ♪ ♪ liz: i want you to stop what you're doing, look up at the screen. yes, if your audio's down, turn it up. take a look at this. this is a piece of art that's called death of the old. it's by pop star grimes. she happens to be elon musk's partner, you may know her from that, but this is not art in the paint with brushes way, this is digital art. that's why it's moving, right? it's not on a canvas, it's not on paper, but it is worth a fortune at least to the buyer.

this very piece sold just seven days ago for -- wait for -- $388,938. this is a prime if example from a new ballooning industry known as non-fungible tokennings. the market now worth -- tokens. the market now worth more than eight times what it was two years ago, at least $338 billion, and it's piquing the interest of investors all over the world. joining me now are two men right in the middle of this burgeoning industry, the founder of nonfungible.com, a web site that tracks trends in the market, dan kelly, and then ian rogers, the chief experience officer at security solutions company ledger. great to have you both. dan, let's just start with the nuts and bolteds of this -- bolts of this. that piece of art is not something that people can hang on their walls once they've bought it, correct? >> correct. that's something that it exists

digitally only. liz: so they bought this for six figures, and it's something -- [laughter] they can't really put on their wall and show off like, oh, here's my roscoe? i just find this incredible. what is behind non-fungible tokens. explain it to our viewers. >> so non-fungible tokens, or nft thes, are a technology based on the block chain to allow ownership of unique items. whether that's artwork or collectibles or game items, so we're seeing a massive amount of speculation on this new asset class where people couldn't own digital incomes in the past. nft allow that. liz: well, ian, you actually come from an apple background. you helped launch itunes, spent five years with louis vuitton, and now you're helping

to create the hardware wallets. what are they for? how to do they fit into non-feng if bl tokens? >> well, we live in a world that's different from the one we lived in a year ago. a year ago we didn't live in a world where someone bought a piece of art from tbriems for $300,000 plus or somebody who owned a lebron james moment from nba top shots that has a real of more than 200,000. so now we live in that world and say, okay, how do we protect that value? the same way ledger has been protecting the value of cryptocurrency such as bitcoin for the past five years, people use the ledger device to add security to their computer or their phone to protect these valuable assets. you know, we -- if you look at kind of the revolution, will we live through this internet revolution, and now there is a revolution of value. as dan said, you know, you can actually own a scarce digital

good. and that is a new invention to humanity. liz: dan, on your site you've got an artist named cryptokitties who has sold an incredible amount of his digital art. 4100 sales worth nearly $2 million. explain how people make money beyond that, and who are the buyers? to me, i'm sitting here thinking, wait, you're kidding me, right? i to hold up my phone to show a piece of art and that's it? >> absolutely. so cryptokitties was one of the first in the space. they created the nft standard. everybody loves cats, pictures of cats, you can put them wherever. i think there was a gamefied element to cryptokitties were people could breed two different cats together, and hen you get like a child cat that kind of resembles both those parents. that was that element of fun, that element of, yeah, just a playfulness in there.

similarly with some of the other assets where there are only art-based assets, so people are hanging these not necessarily on their walls in their house, but on their walls in their virtual house. if in a virtual world where they own the land of that virtual world. >> and, liz, can i add? liz: yeah, sure. >> you know, we think about this, you know, when i think back 20, 25 years, i used to take photos and print them out in high quality to that the few people who came to my apartment could see them. but today we take photos ask we post them online on instagram or whatever for everyone to see them, right? and i think similarly, many, many, many people collect things. we collect, you know, baseball cards or classic cars or vinyl records or precious moments figurines, you know? people collect things. and for what? so the people who come to their house can see them? so on one hand you can say, oh,

i can't hang it on my wall, on the other hand, you can hang it on your virtual wall, and probably more people will be able to see your collection than in the physical world. is so so i think there's actually kind of a very human instinct that is at play here. liz: well, again, we started this at the top of the show by saying that jack dorsey has put his up for sale, his first tweet ever from 2006. it now stands at $2.5 million. we shall see who buys this. i mean, listen, i love cats, but i got mine from a shelter for free. [laughter] i need to wrap my mind around this, guys. that's why we need to get you back. of dan, ian, thank you for talking to our viewers about nfts. we are coming right back, don't go away. closing bell in 14 minutes. ♪ muck

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♪ ♪ liz: the royals are as good as crown jewel for viacom cbs. open rah's -- oprah's interview last night with prince harry and meghan markle was the biggest non-super bowl tv event in a year. 17.3 million viewers turned in to see the once-royal couple dish dirt in a two-hour interview. the prince saying that his father, prince charles, was not helpful, let him down, stopped taking his calls as meghan discussed feeling suicidal due to the pressure she was a facing as a new royal. well, ratings for the tell-all could rise even higher when cbs releases final data later today. look at this jump in viacom cbs stock. 13.6% intraday, highly unusual. of very interesting to see. from royals to oil, flaring

tensions in the mying east that -- middle east taking oil on a wild ride after iran-backed rebels in yemen yesterday targeted two saudi aramco oil facilities in a missile and drone attack. oil crossed $70 per barrel for brent which, of course, is what's traded overseas, and that was for the first time in more than a year, and crude oil did jump as well, but it is now reversing down 2% at the moment to $64.70. but brent was really, really cooking overseas. major comeback story this 2021, rebounding 30% since the start of the year. joining me now, the host of "kudlow," larry kudlow. larry, you know, this attack on the oil operations by drone, we've even this before. remember about a year ago when the same type of thing happened? clearly, the tensions are still there. what does this say about the

price of oil, what people are seeing at the gas pumps and what we have to look forward to? larry: liz, have i told you lately how egocentric -- liz: that you to love me? larry: i do love you. actually, that's a 20-year story. how egocentric and narcissistic these the little crazy low-level royals, meghan and harry are, how they're damaging the crown and their country? i just wanted to put that in. i know it's not about oil. but, you know, they're just -- they're narcissistic. they have everything their way. they have money, fame, fortune will come their way, they live lives that most people can only dream about, ask here they are -- and here they are nagging, ankle-biting, complaining. i mean, i've just never seen anything -- [laughter] can you just put them in a time capsule and send them away someplace? oh, boy. liz: larry, guess what, larry, you know, it's like shakespeare,

king lear, how sharpless like a tooth to have a thankless child. guess what? we used up all our time. so much for the oil story -- larry: oil prices are too high. "kudlow" at 4 p.m. today. [laughter] liz: all right. we're coming right back. larry, we'll see you in just a minute. stay tuned. ♪ ♪ ng, currencies falling. but i've seen centuries of this. with one companion that hedges the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... so you're a small business, or a big one. . .

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♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪ ♪. liz: nasdaq has gotten uglier as we get closer to the closing bell. nasdaq down two 1/4%. no dow record. no 32,000. the nasdaq is about to close in correction territory. we'll see. we're watching this extraordinarily closely. 161 billion in assets under management. really is focusing on the housing market not technology

right now. what do you like in this area? >> when i look at housing i think starter homes are the way to go. you've got a tremendous number of people who have been priced out of the housing market. this is the opportunity going forward. there is lots of competition in the luxury market. when the people get their jobs back, they will have savings, they will have money. they are going to want to buy a house. liz: i get that thesis. we're looking at invitation homes, kb homes, lgi, these are opportunities for starters. you also like the big banks which should be doing better in a rising interest rate environment. we have the 10-year-year-old spiking above 1.6%. give me a sense how the megabanks will do? >> they will be have a chance to lend. availability of capital. there are franchises. there will also be, this is critical, they're going to be in a position to weather the regulatory changes, the

challenges, because under the biden administration, it will not be as simple as going out lending money. there will be a lot of mandates a lot of requirements that will weigh on smaller banks that will weigh on regionals. the bigger banks will be much better equipped to weather that. liz: brad, give me your feeling about what the passage, if it does indeed happen, the $1.9 trillion will do, 1.9 trillion in stimulus will do for the overall broader markets? >> it is going to help. over time we're going to see people start to spend that will help the economy that will help the bottom line and top line numbers for most companies. it is going to be hard for the nasdaq. it will be hard for growth companies. that will light up inflation fears even more than they are now. once numbers start showing up, nasdaq is down and s&p is flat that will get worse. be careful about growth companies. >> good advice.

thank you very much. brad mcmillan, commonwealth network. [closing bell rings] liz: folks the nasdaq as we saw getting hurt pretty significantly down 2 1/3%. the transports, that is a brand new record close. we'll see you tomorrow on "the claman countdown." "kudlow" is next. ♪♪ larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. well, like it or not mr. market loves stimulus. although the dow came off its best highs a little later in the afternoon the index was up 600 points for much of the day apparently triggered by senate passage of the alleged covid stimulus package. there might be some relief from previously restricted covid guidelines in the stock market rally from the cdc also but that is a maybe. we'll talk later assistant health secretary bret giroir who will