spwr, you gave us two. our lucky day. guys, i know the volatility is making some of you nervous but, liz claman, sometimes that's par for the course, isn't it? liz: it's an early st. patty's day gift, right? you talk luck, we shall see. but, yes, charles, what a difference a day, a single session makes. so the nasdaq is tumbling held first into correction -- head first introcorrection territory yesterday during this show. the nasdaq once again positive for the year today,s it is having its best day since april of 2020. and the dow, it's on its way to a historic close, specifically above the 32,000 level for the first time ever as the 10-year yield slips. the 10-year yield hit an intraday all-time high earlier, but right now it has come off that high. so as we've watched that, we do

have the dow up 197 and the nasdaq up 503 points. it comes as the house gets set to vote tomorrow on the $1.9 trillion coronavirus still the plus bill. but this is an important question, you guys, could there be some unintended consequences that could hurt the economy from it? one of the nation's top market gurus here to tell us what could happen once millions of americans have $1400 checks in hand, and it isn't all good if you look at price tags before you buy. and who among us doesn't? jpmorgan's david kelly reveals inflation's hidden signs. and as electric vehicle stocks from tesla to nio roar back today, do you buy those stocks or share the very company that's key to their zero emission success? tesla emission supplier ceo is here in a fox business exclusive, and wait until you see what that stock has quietly done in just the past six months. we begin with a fox business

alert. so the nasdaq doing a stunning 180 after falling into a full 10% correction yesterday. can this 504-point moonshot hold as we tick down to the closing bell? since the nasdaq's record close back on february 12th some of the stocks are doing the best today. we're showing you pretty much the one month chanters is so you can see. -- charts so you can see. tesla is tearing higher today, up 18%. apple had been sliced, and you look at that one over it's past 30 days. today apple is up 4.5% after having been down 11%. and let's flip it over to netflix. so netflix is the same. netflix has really gotten killed, down about 7% over the past 30 days, right? but you see it now jumping 3.25%. is this really the end of the big tech unwind? well, we've got two conflicting

views here. rbc capital strategists say, no way, they're warning investors the selloff may only be halfway done? not finished yet. while oppenheimer is urging investors now is not the time to abandon tech names. keep the green light going. to our floor show traders, tom hayes and chris robinson. tom, investors are asking a really legit question, what changed in the past 24 hours for the nasdaq, and does it mark the very end of this pull aback? and if so, what looks cheap to you now? >> yeah. well, liz, i was on just over a week ago, and we said that the rate of change for the 10-year yield should slow. the catalyst was on friday when bank of japan stopped widening the band which leads the 10-year jgb at zero relative to our 10-year yield which is now at 155 basis points. the japanese have been net sellers of treasuries for the last five years, now they're going to be buyers. the stabilization of rates that

helped tech bounce, and we think the plan moving forward is to buy those high-yielding stocks that have actually been hit in the last couple of months with rates rising. we particularly like utilities, staples and big pharma. tech can get a bounce, but keep in mind moving into q2 we're going to have very difficult comps coming forward for tech because they've pulled forward a lot of growth last year, and the slow growth environment where they thrive is no longer present. we're going to have 7-9% gdp. so we're going to stick with those high yielders that are going to be attractive with rates stable the eyeing. double what the 10-year yield is all over 3%, american electric power and dominion on the utilities, on big pharma we like pfizer and merck. both are working on antivirals, merck's could potentially be out before the end of the year, or we'll see. and staples we still like soup, snacks and cereal with kellogg and camp billion -- campbell's

soup. we think they're going to persist for the next couple of months. liz: well, tom, i'm not hearing docusign, zillow or twilio or snowflake. so, chris, give me a sense, are you done with the tech names, or do you get the feeling that there are some ones that have certainly gotten a lot cheaper and they're on discount? >> yeah, i think so. there's a broad base of stocks you can look at. i'm more of a big picture person, i look more toward the indexes, you know, trade the nasdaq, you know, as an index in itself. i would say this, no matter if you're buying individual stocks or if you're trying to buy dips in the nasdaq, the key is you have to have your orders working before we have dip. we've seen the volatility that regularly had 2, 3, 4%, 5% moves down, and i think that that is the numb one caveat -- number one caveat you would say. if you're looking to buy the dips, you have to have the orders working beforehand.

where we're going to be in three or four months, i would imagine once we get the stimulus there's $3 trillion sitting on the sidelines in cash, $3 trillion coming down the pipeline from stimulus. i don't know how that's not friendly long term, and i think your other guest was right, if you've got to watch that 10-year yield, that's going to be the story coming in. as long as the 10-year stays under 2%, you're still going to have money coming in buying these dips. liz: it's jumped pretty significantly. we're going to show you later what it's really done, and it's kind of stunning because that is why david kelly of jpmorgan is concerned about the unintended consequences, inflation. you're going to hear exactly what he sees now that we may not see. but for the moment, yeah, the 10-year yield's at 1.54%. phobes with the nasdaq at -- folks, with the nasdaq at 518, we're looking at a session high of 537. so it feels like we're crawling back this.

tom, chris, it's great to see you. thank you so much. here are the nasdaq winners, baidu, apply materials, tesla. you saw those names and, you know, it is an important day here for them. but you have to understand that sometimes the bottoming out process of a correction takes multiple weeks. so, yeah, these are names that are looking pretty healthy at the moment. now, tech may be the shiny object, but you must not ignore the industrial names that move stuff. the dow transports look to close at a record today. that would be the second day in a row for the transports to make it into the history books. we're up 161 points. basically, it's any gain that will give it that record, and that's with no help from the airlines. take a look at the major carriers, mostly -- we do have them up. southwest is down 1%. they had been lower earlier on the news that they were urging the biden administration to

develop consistent covid credentials, a covid passport, if you will. industry groups wrote this letter to the covid recovery coordinator -- yes, there is a thing -- requesting the development of temporary coronavirus health credentials to help boost travel by boosting health confidence. but now in just the last hour, the white house says, huh-uh, we're going to leave that up to the private sector as you guys try to get as many people onto planes, figure it out yourself as we figure out the vaccinations. so now you start to see the airlines turning around. but while the airlines are still really struggling to get enough people on their planes through the pandemic, private jet operators are on track for sunny skies this year. grady trimble live in chicago jet group's hangar in sugar grove, illinois. is this just for the 1%? >> reporter: not anymore, liz. and no covid passport needed to get on one of these, by the way. what people are doing is they're

saying, hey, we don't want to be surrounded by all these people that we don't know they've been on an airplane, so we might actually just charter our own. mike is with chicago jet group, and that's actually a trend that you're noticing, right? it's not just the rich and famous anymore that are calling you. >> that's true. i had a person call me last week that told me my time is valuable, when i go on vacation with my family or i have something to do, we were interrupted on a flight last week that the captain made an announcement, said we're going to make an unscheduled stop to take a passenger off the airplane that is not complying with the mask rules. he says i don't have -- i can't deal with that. he said please fly me in an airplane. >> reporter: so give us a sense of pricing because it's still, obviously, not quite as affordable as a commercial ticket would be, but it is something that a bunch of people could pool together. >> that's true. it's a little bit more than a first class ticket, but you're getting the privacy, you're getting first class service in the airplane, you're getting direct to your destination at

the most convenient airport, not the biggest airport in dealing with all the crowds. so it is a boutique service that you're paying a premium for, but it's not extremely out of reach for just about anybody. >> reporter: as long as it's something they're willing to pay for, and in a lot of cases, liz, they are willing to pay for that. we should mention there are a lot of smaller charter companies out there, but some of the bigger airlines are also in this space a little bit as well including united and delta which are now part of the wheels up company. there's innocent jets own by were net jets own by berkshire hathaway, but it is a little more than a first class ticket, so you've got to be the willing to pay a little more for that comfort and convenience. liz? liz: yeah. yeah. i'm telling you, it spoils you for life if you get the chance and then you think to yourself -- [laughter] i've got to go squish into coach again? [laughter] grady, thank you very much. grady trimble. all right. we're turning from planes to

cars, specifically chinese electric vehicle makers. look at how high they are flying in this final hour. nio, xpang, le auto all jumping. nio's up 18%. there are reports that they are planning to list their companies' shares on the hong kong exchange, and that's enough to really set fire to these. investors love the everything v stocks today. but if you're going to have to pick a name, should you consider instead looking at the companies that power these electric cars? the we are about to introduce you to the only lithium miner in the u.s., one that's already locked in a long-term deal with tesla for lithium batteries. in a fox business exclusive, you're about to meet the ceo and check out what the stock has done. closing bell ringing in 49 minutes. the nasdaq up 537 points. we are blowing through the earlier session highs. stay tuned, we're coming right

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unseasonably warm 60 degrees, but texas is still reeling from the fallout of last month's winter what's. people -- blast. people actually died because huge swaths of the state's electrical grid failed, and they couldn't run their heat. could the lone star state's newest e resident, elon musking, be ready to help so this kind of disaster never happens again? reports say a tesla subsidiary known as dam bit energy storage is quietly builting a 100-megawatt energy storage center in ankleton, texas the -- ankleton, texas. as we showed you, tesla shares are just climbing. 9% -- 19%, as part of today's tech and ev rally. but the company powering those teslas, right? what about that company? check out the incredible run of piedmont lithium limited. back in september piedmont signed a five-year contract to provide tesla with one-third of

the lithium it needs to power its batteries. since then, talk about supercharged, up 963%. it's jumping another double-digit percentage today. here in a fox business exclusive, we're bringing in piedmont lithium limited ceo keith phillips. keith, listen, we'll get to actually how you doing what you're doing, but your stock was as low as $6 on ago august 31st, and now it's nearly ten times that. what would you say is the biggest driver since then beyond the tesla deal? >> i think it's a recognition in the broader capital markets that electrification is happening. so it's electrification of everything. you mentioned energy storage. that's a huge opportunity. wind and solar power are growing dramatically. wind and solar fields in the future will all have battery complexes. many will be lithium ion batteries, there's demand there. but fundamentally it's about electric vehicles, tesla and a lot of other people. in europe ev sales were about 20% of vehicle sales last year,

up dramatically from the year before. and the whole market's growing very rapidly. every major oem and auto company is moving very quickly. i'm a tesla driver myself. i think when people experience these cars, you know, they're peer your cars, they're smoother, quieter, faster. there's no substitute. it's a huge growth opportunity for us. liz: well, you just said suddenly every automaker, i mean, we've covered volvo, general motors, ford ramping up ev production. you are about to run the only lithium mine in the united states in north carolina. who are you fielding calls with? what kind of deals are you talking about and formulating? >> well, it's a great question. there are two kinds of deals we're focused on. one is we're looking for more customers. we're very happy with the deal we have at tesla. we're talking to other carmakers, battery companies, etc. and we're also talking to strategic groups about possibly investing in our project. it's interesting, if you think

about the new energy world we're in, there are a lot of big oil companies looking at cleaner energy opportunities. lithium certainly fits the bill. big chemical companies who look at the profitability and the growth in a business like this and car companies, battery companies themselves who may invest. so we're buzzy, we're very busy advancing our projects in north carolina, things are going very well. i we think it's the best located lithium project in the world, but we're also spending time with a number of strategic folks, and, you know, we think we'll have some fun news on that front later this year. liz: well, that's what i was hoping you'd give us here, but when you do have it, please come back. i need to quickly explain to our viewers how this works. you were based in australia, and if we look at how much lithium is in australia compared to the other top five countries, far and away. 50% plus of the world's lithium is in australia, and then here

comes north carolina. i know you're going to be able to at least produce, what, about 20,000 tons of, as you call it, lithium hydroxide which is the white powder that comes from the actual mined lithium, but tell me how you expect this to really go down and when. you have to file mining permits, when will you start churning it out? >> yeah. we're pretty advanced in that. we've received the federal permits we need for the mining operation and the chemical plant operation. we're going to do all this in gadsden county, north carolina, wonderful place to operate. and just to clarify, more than half the world's list -- lithium raw material comes from australia. more than 50% of that is shipped to china. argentina, another 30% of the world's raw material, goes to china to be converted. we're going to do all this in north carolina, has very big benefits from a national security perspective, energy security, cost perspective and,

importantly, environmentally our plant will be cleaner than the chinese processes, and we're going to avoid thousands of miles of mineral transport which will be a big plus. liz: well, that has been the issue9 with the rare earth minerals because we have them here, we have to ship them to china to be, as we say, figured out and cleaned, etc. as you follow that process, we would love to come see it. so thank you, keith. >> come anytime, we'd love to have you visit. liz: thank you very much. keith, great to see you, and we'll be following piedmont9 and the big lithium story down there. bitcoin not to be left out of of today's fun. take a look at the cryptocurrency. it is solidly above 54,000 at the moment, up $2,411 today alone. and doge coin pawing its way above the five cent mark after mark cuban tweeted that his dallas mavs which now, as we told you, are accepting the

so-called meme cryptocoin that began as a joke as payment for tickets and merchandise, mark cuban is saying that that could the help push doubling's price to a full -- doge's price for -- to a full dollar. charlie's going to break that story next with the closing bell 38 minutes away. and, yes, the nasdaq is holding on and adding to its gains. it's up 533 points or 4.25%. ♪ ♪

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liz: oh, boy, here's a fox business alert, stitch fix getting torn apart. shares of the online fashion stylist plunging 26%, now it's 27% after the company said shipping issues and a logjam on returns weighed on sales numbers in the holiday quarter. and there's this, while active

client numbers did jump 12% year-over-year, those same clients spent 7% less over the same time period. well, of course, people were all wearing yoga pants day after a day. walmart is actually considered a competitor, and nordstrom also because it owns trump club. both those stocks are moving higher. speaking of walmart, the nation's biggest retailer adding some heat to beyond meat at this hour, climbing 2.7% of after announcing it'll be expanding its production lineup on walmart schells starting this week -- shelves starting this week. can we look at chipotle? they're also sizzling into the close. the quesadilla is finally on the digital menu, and that is good enough -- [laughter] for a 6.7% gain on the stock, announcing it'll be offering a new hand-crafted quesadilla -- aren't they all hand-crafted?

as an online-only item starting this thursday in the u.s. and canada. the move follows, yeah, successful tests of the quesadilla in cleave lapp and end -- cleveland and indianapolis last year. when you want to know something's going to work, go to cleveland. chipotle shares now at $1,425 even. and do i dare say it? do i? is john oliver listening? yes, i have to. take a look at peloton shares, literally burning rubber in this final hour of trade, up 14%. the on-demand fitness and equipment maker surging after the company said it will be pedaling its way into the asian ya-pacific of -- asia-pacific region in the second half of this year. if you want to see how john oliver makes fun of my relatively constant fan girling, we put it up on our facebook show. all right, washington is

focusing on crypto, and that is heating up as the price of bitcoin rips higher this year, edging closer and closer to $55,000 per coin. but is the long arm of u.s. regulators about to put crypto in a vice grip? what are you hearing, charlie? >> i hear they're definitely going to take a look at the industry as a whole, the biden administration. there's a couple things that need to be worked out here, exactly which agency within the administration takes lead. is it the cftc, is it the sec, the securities and exchange commission. you could make a case that crypto is both a security and a commodity, so they're going to have to work to that out. the treasury department is going to be sort of the uber-regulator trying to figure this out. janet yellen's deputy treasury secretary is going to be the point man on this, so that's the first thing they have to do, figure out who regulates. and then you're going to see some form of scrutiny.

and what's really interesting is that the crypto industry expects scrutiny, they also expect that facebook's libra digital currency to get the once-around by the biden administration. and they say that, what's interest about this is that because it has the facebook, because so much retail meaning the average is getting into cryptos right now, you could also see the consumer financial protection board in on this and looking at libra from a consumer standpoint. is it appropriate to be used by consumers. so this is fascinating, what's going on here. again, liz, there's some logistical stuff they have to figure out like which agency actually does the crackdown, the sec and the cfpb and the cftc. how's that for a little -- [laughter] acronyms here.

who gets the most, who gets to take the lead, you know, do they divide things up. but, clearly, there's a tremendous amount of interest from a regulatory standpoint if on crypto crypto as it reaches w levels and, obviously, some stated skepticism from biden administration officials. we should point out that janet yellen was using not too long ago about how she worried about it because bitcoin is mainly used -- that's one cryptocurrency -- mainly used or is used for a lot of illegal activity. gary gensler, when he was an academic right before, you know, right before he was named incoming sec chief, did a lot of work on crypto as an academic. so there's the all sorts of interest in this and in regulating this stuff. so i think if you're buying bitcoin, to be honest with you, at 55, i'm not saying don't. i have no idea where this thing is going, but i think, clearly, you're going to have to look at

bitcoin from, you know, you're going to have to weigh the regulatory risk on all this stuff including facebook's libra currency. liz, back to you. and i have one question -- liz: yeah. >> why are you so obsessed with cleveland? isn't that the city where -- [laughter] wait, wait, isn't that the city where the -- liz: the cuyahoga river, yes, it did. get over it. that was a long time ago. they call it the mistake on the lake, it's the best location in the nation. listen, i worked there for three years. i just loved it. an l.a. girl -- >> liz, i worked there for less than a year, and i'm not saying great things about it all the time. [laughter] laugh. liz: well, tampa doesn't have slime in its corned beef. that's all i have to say. charlie, thank you. or the browns. [laughter] all right. $1.9 trillion -- okay, he needs to stop for a minute. $1.9 trillion in stimulus locked and loaded.

but, and this is not an anti-stimulus story that we're going with, could there be a dark side to it even if the economic boom plays out exactly as lawmakers hope? jpmorgan's david kelly is here on the warning signs he sees flaring up right now. closing bell ringing in 27 minutes. the dow's rally fading just a bit. it needs 159 points of gains for a record. we're up 169. nasdaq, though, still holding on at 537. we're coming right back. ♪ ♪ left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you.

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all of that. but oil is not the only thing that's spiking in price. we've seen increases in copper and lumber prices, copper at 11-year highs, and now we're seeing the addition of thousands of dollars to the prices of new homes. finish the 10-year yield, which finished 2020 at .91%, is now tracking above 1.5%. that is a huge gain in a very short time. and if all that were not enough, we're likely 24 hours away from a vote on stimulus that may add fuel to the inflation fire. in a fox business exclusive, jpmorgan chief global strategist david kelly is here to spell out the signs and dangers he is seeing. i am not against stimulus. i think there are people who are hurting terribly right now. that's not what this is about. we want to hear from you what up intended consequences will come from all of that money coming back into the system through these $1400 checks and what you see out there. >> well, we've got to be

careful. i mean, what we're trying to do here is reheat the economy at a record pace. it took us ten years to get to full employment over the last expansion. i think we'll do it in less than three years this time around. so i, like you, think it is good to help people who are, who have really suffered through this pandemic, but we need to be able to apply the brakes pretty soon after, you know, when the economy is fully recovered because there's a lot of money going to be sloshing around in the economy the fourth quarter of this year. and when you try to book a restaurant and you can't get a table or an airline and can't get a seat, i think that's what's going to tell us that inflation's really moving up. liz: almond butter, $7 a jar, gosh darn it. listen, prices are going up. and i'm eliminating tuition and health care from this conversation because those things always go higher. but everything else, and you can't tell us it's not, is climbing in price whether it's incrementally or more dramatically, like oil. what signs specifically do you

see along this road that we may not see right now that indicate here comes inflation? >> well, there are some things that economists looked9 a. one of the -- look at. one of the things we've looked at for years is vendor deliveries, how long does it take manufacturers to get the stuff they need, and that is right now running at about a three-year high. so that looks somewhat inflationary. we're seeing a lot of bottlenecks, but we can just see the demand coming down the road. this is an enormous stimulus plan, it's $1.9 trillion, but it's about $1.2 trillion in the next six months. and to pour that amount of money into the economy, it will lead to a very fast recovery, the fastest we've ever seen from a recession anything like this size. but it does carry with it the risk of inflation. why is that bad? a little inflation is okay, but if you push up interest rates and then you think about all this government debt, if they have to finance it at normal interest rates, that could cause some problems here. so it's a real trick. you know, i wrote a piece this

week on linkedin called boil and simmer. it's like cooking rice. you've got to get the water boiling really hot, but then you've got to cool it down to a simmer, and i'm just not sure whether washington's able to do that. liz: yeah, i know. do you expect to see hourly wages jump? there's nothing wrong with that, we want people to make more, but that, of course, means employers have to raise prices. >> yes, i do. i mean, already we've been looking at wages year-over-year, they're up 5.3%,s which is not bad. and that does reflect a little bit of people at the lower end getting laid off, so there's a bit of a mixture there. but we also see $300 per week extra unemployment benefits. if you want to reopen your business over the summer, you want to hire people, you're really going to have to pay them at least $15 an hour to get them to do that. why would you give up a bigger unemployment benefit to get a lower wage. so that will contribute to the overall inflationary environment in the fourth quarter. liz: when do you foresee e the

fed will be forced -- and they're all terrified. you heard, you know, jay powell. he's so scared to just say what we all know, and i don't think janet yellen's going to be any different. but they will be forced to raise rates to tamp down inflation or at least keep it in check, will they not? when? >> i think eventually they will. the problem right now is they can't say they're worried about inflation because if they do that, long-term rates will go up, and that'll tend to slow the economy when they're trying to speed it up here. but i do think when we get into early next year, they'll look back at the fourth quarter and say there's some inflation, and the first thing they're going to do is stop buying quite as many government bonds, so you'll see long-term rates go up. i think you want to see a steepening of the yield curve, and that should help the financial companies but not so much, you know, technology companies or growth stocks. liz: okay. i'm going to warn our viewers, here comes the wonkiest question of all time. [laughter]

what do you read into the overnight index swaps action that historically precedes inflation? >> well, what we're seeing is traders don't believe the federal reserve when they say they're not going to raise short-term rates. that's what they said in december. but traders just don't believe it because they see this inflation, they recognize the fed is probably going to have to change its tune when this economy's healthy again. a. liz: great to have you, david. thank you very much. it is coming, folks. and that's not necessarily the worst thing in the world, but it will affect your pocketbook. all right, thank you so much. the royal halo effect wearing off of viacom cbs shares. where things stand right now after a huge jump yesterday in the trans-atlantic family drama and what the queen and larry cud can low have to say -- kudlow have to say about all the palace intrigue, because larry was on a hot streak. it is already one of our most popular everyone talks to liz

podcast. or the founder and ceo of gt living food dropped out of my alma mater, beverly hills high school, to grow his kombucha empire out of his parents' kitchen. fast forward to today, his tea is every from whole foods to walmart, and this guy is doing gangbuster business. it's available on spotify business -- that's his mom. hi, mom. apple podcasts, wherever you get your podcasts. closing bell ring aring in 16 minutes. the nasdaq, oh, we're still up, 493, but off the session highs. ♪ ♪ liberty mutual customizes your car insurance so you only pay for what you need? just get a quote at libertymutual.com. really? i'll check that out. oh yeah. i think i might get a quote. not again!

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♪ ♪ liz: well, after jumping about

12% yesterday, the royal sheen is wearing off viacom cbs shares today. let's take a look at how they are slumping right now nearly 48 hours after harry and if meghan's bombshell interview with oprah winfrey. falling 4.7%. now, we told you, right, that it was watched by 17.1 million in the u.s.? well, in the u.k., 11 million. that's a smaller population, but queen elizabeth has now issued a statement. everybody sit down. here it is: on behalf of the royal family they were, quote, saddened to learn of the full extent of the channels faced by harry and meghan and that the issues of racism that were brought up would be taken seriously and addressed, though privately are, by the family. let's take a quick look at netflix and spotify because meghan and harry have podcast deals with them. netflix up 2.9%, spotify better by 6%.

harry said those deals were made to protect his family and their financial future after being cut off by his family are. don't you be hating on my fellow ginger, larry kudlow. [laughter] harry's my fellow ginger. larry: ginger, well -- liz: you were so fired up yesterday. larry: you can have him. i will still say, i will still say they are spoiled victimizers, narcissistic whiners and complainers. that's what i'll say. now, i think the queen issued a lovely statement the about dealing with it privately, but i have no sympathy with them. i think ordinary people have no sympathy with them. they have all the advantages in the world, and all they do is complain. and whine. and she -- [laughter] her, let's see, let's -- her, let's get this right from the new york post today which is my greatest source of information -- [laughter] her half sister, her stepsister says she's lying and her father says she's lying, or something like that. so i know a lot of people watched it, and i think that's

very cool, but i don't think they did themselves a lot of good. that's just my take, you know? supply-side take on meghan and harry. liz: yeah. and so we've got meghan and harry and secretary wilbur ross on your show today. i love wilbur. how's he doing? larry: wilbur's doing good. not china, that's the title. liz: all right. "kudlow" airs at the top of the hour. now, you are. top of the hour, former commerce secretary, wilbur ross, 4 p.m. eastern only on fobs if business. stay at home luxury shopping all the rage, but our countdown closer says it's the stocks behind the sellers of these big ticket items that you should be buying instead. his top three digital picks next. with the closing bell 8 and a half minutes away, a lot of big names are rallying. apple's really having a great day. we're watching all of these

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♪. liz: okay, we have the breaking news. the fbi has just released a new video of the suspect in the pipe bombs that were planted near the dnc and rnc headquarters on the evening of january 5th. the next day was the capitol hill riots. the fbi is asking the public to watch this video that we are playing for you now, and to please come forward with any information to help identify the suspect. the fbi and the atf are, offering, rather, 100,000-dollar reward for information leading to the identification of this individual that you see on the screen. check the closing bell. we're four 1/2 minutes away. look at intraday of the

dow jones industrials. high of the session was 347 points. we fumbled nearly all of that right now. we're still up 87 points. nonetheless, the nasdaq is seeing the best gain since november 4th. we are looking at a gain of 469 points, high of the session, up 542 points which happened in this hour. we've seen a little bit of a dissolving there, just a tiny bit. you guys hear me talking about my tiktok i just started. i hope you follow me at redfoxliz. posting my tesla test drive, i took the plunge, i ordered one. i shared the whole process on tiktok, two parts. in less than 24 hours, it has more than 200,000 views. i want you to check it out, see what a different process from going into a dealership and haggling, et cetera. tesla, digital are the key to

today's "countdown" closer picks. we have the portfolio manager at wealth advisors 2.3 billion under management. you said don't buy the car, buy the stock. i bought the car. tell me what is in your theory. what is your thesis about three names here? >> the whole thesis is, the economy is recovering, so we'll have consumers come back and buy vehicles. the housing industry and all that. we think there is an opportunity for growth in this area. tesla in particular where you will have to see more growth in online buying purchasing experience as well. liz: what do you make of the recent nasdaq correction and the action we're seeing right now shows for some of your names you like, including, say, for example, facebook and vroom and

farfetched? >> we've seen decision towards value stocks. the economy is recovering, there is pent-up demand. there is transition into oil and transition into financials and banks, so on. today we're seeing that transition come back. the treasurys have come down. so investors, some of these stocks are down 20 to 50%. we think this is an opportunity to buy some of these great names. liz: farfetched you can see, the retrenchment. certainly nowhere near the lows of the last year. vroom, vroom is a such a momentum name. they came on the show as they went public. you have to got to indicate to me what will be the catalyst for people to be propelling the revenue that goes through this company? >> yeah, so this company is using data analytics to price vehicles the right way. so they're doing a.i., machine learning across the whole operation. so their business is just so strong, so efficient that they're taking market share off the traditional dealerships.

that is the main thesis, they can price vehicles the right way. they have virtual showrooms. we think investors will realize that and going to push this stock higher. this is selling less than two times price to sell, going at a triple digit rate. you're not paying that much for that kind of a name. liz: david, give me a sense where you see the markets going the second half of the year considering we are near record highs? >> right. so, you know, we have this rotation into value the first half of the year. the comparables are looking really nice from last year because we're falling off a cliff. and now we're having to transition into growth. the second half will look very interesting because this growth stocks have come down. we don't know if we're out of the woods here with the covid pandemic. we don't know if we will be in lockdown mode. i think having growth stocks is diversifier. have value, have growth but also

diversification. liz: well, it's the nasdaq's day. [closing bell rings] thank you very much. the dow kind of losing all the gains here, up now only 46 points. nasdaq up 469. certainly trying to retrace some of the correction. that will do it. ♪. larry: hello, everyone, we come back to "kudlow." i'm larry kudlow. once again i'm forced to report today that the stock market seems to love stimulus. i don't like this stimulus bill. none of my friends like it but the stock market seems to love it and today was another big day. all the major indexes rising significantly, including a big comeback from tech. now, don't get me wrong, i want to be optimistic. i love optimism. it is part of my dna. it is deep inside of my soul and i really do like it when long-term investors who own the