tv The Claman Countdown FOX Business March 10, 2021 3:00pm-4:00pm EST
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hey, always appreciate these conversations, always listen to your kids and always listen to liz claman, particularly today because -- [laughter] liz, this market is roaring into the last hour of trading. it is going to be one of those days. i'm buckled up, ready to watch. liz: my 16-year-old, speaking of listening to your kids -- said roblox is, quote, stupid. [laughter] charles: i think at a certain age maybe it gets dumb, right? 8 is great, 16 not so much. liz: it's stupid. [laughter] it's still like fortnite. you guys were just referencing bitcoin. guys, we have got breaking news. take a look at the level that the cryptocurrency is hitting now, $56,799. very close to $58,000. we're keeping an eye on this. bitcoin popping as president joe biden is behind closed doors right now with the ceo of johnson & johnson and the ceo of
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merck. at any moment they are expected to announce the federal government has purchased $100 million doses of j&j's one-shot vaccine. we're going to go straight to the white house for instant analysis. a similar partnership being worked on in europe, a fox business exclusive. the markets moving higher right now, at least for the moment, on news of the last hour, the house passed team biden's 1.9 trillion cough vid stimulus bill. -- covid stimulus bill. after days of toying with the magical mark of 32,000, the dow could close there for the first time ever. and wall street goes to hollywood. two of the best known operators in the entertainment media world today launching their tech media telecom spac but with a consumer focus. kevin mayer, the architect, along with tom staggs, former disney cfo and coo, will join us
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right here in a fox business exclusive on the specific type of company they're targeting to take public. all right, we gun with this white house -- begin with this white house fox business alert. j&j and merck are moving higher by +1% as their covid vaccine moves higher. let's get to blake burman live from the white house lawn with what's happening inside. blake. >> reporter: hi there, liz. the announcement officially momentarily will be that the president is instructing health and human services to engage in another purchase of 100 million doses, covid-19 vaccine doses, of johnson & johnson's supply. there's 100 million that j&j has engaged with with the u.s. government already, and the president wants to double that. the announcement coming as those two individuals, the ceos of j&j and merck, will be with the president as well. as you know, merck and johnson & johnson have teamed up to manufacture j&j's covid-19
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one-shot dose. the keyworded today, liz, from the white house as to why the president is instructing hhs to do this is flexibility. watch. >> this order allows for the president to plan for the future in the latter part of the year. this is wartime. and as facts still emerge, it gives us maximum flexibility for our upcoming needs. >> reporter: liz, the administration says at this point still that it will be at the end of may in which every american adult who wants a vaccine will be able to receive one at that point. the additional 100 million doses that are going to be announced here momentarily are for the back half of this year, the back half of 2021. the white house press secretary saying a little while ago that president biden wants an oversupply of covid-19 vaccine doses. liz? liz: blake burman, thank you very much. of course, we've got pharma in
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the dow jones industrials. i want to show you an intraday of the dow at this very moment. folks, we are looking at a 535-plus point gain for the dow jones industrials. this is a big number today and a big percentage, far outweighing the percentage gains for the nasdaq and s&p at this hour. 516 points at the moment, just off session highs for the dow. and keeping, as we talk about what's winning here, boeing, walgreens, goldman sachs, dow, walmart, those are the winners for the dow at the moment. and, again, this has been a very strong day although for the nasdaq we're still up 43 points, but we had been up as much as 20 20 the 3 points. -- 203 points. to this discussion about the vaccine because it is affecting our markets. while the u.s. speeds up production, europe has lagged behind. is that about to change? german drug and chemical giant bayer taking matters into it own hands, it's linking up to assist
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with global distribution for the vaccine. the alliance could be a game-changer by next year, but is that too late for the euro zone which is struggling badly? in a fox business exclusive, the ceo of buyer joins us -- bayer joins us live. great to have you. vaccine adoption rates in eurozone countries are running well behind the u.s., the u.k., israel. what will your alliance do to fix that in. >> well, thanks for having me, liz. and what i can say is that certainly we are going to do everything that we can and everything that is in our power to help and support cuvax to get, first of all, its own vaccine registered and launched within the next quarter in all likelihood, and beyond that bayer has also stepped up to the plate by deciding to produce the vaccine. so we will be in production and already have the vaccine first
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doses come out this year by the end of the year with a total of about $160 million producing by -- 160 million doses we will be producing by 2022. liz: assuming the candidate is approved, what can you, what are you and bayer ready to do for them and how quickly? >> well, we started our collaboration only in quarter four 2020, and what we have done as a big pharmaceutical company is we make our entire infrastructure available so that we can help them along the approval process, we support them with our medical department, we help them in regulatory affairs actually around in all the markets where the vaccine is ultimately going to be approved. and on top of that, a lot of other services such as logistic services and the like. and as i already mentioned, we will also be producing certainly before the end of the year. liz: okay. now i want to know what kind of
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shift you expect to see in your particular business. you guys have a very big pharmaceutical business and a lot of otc, over the counter, names such as aleve, midol, alka-seltzer, claritin. do you see any kind of spike in the business certainly over the past 12 months since the lockdowns, people worried about their health and you name it, they've been worried about it, but does that scale back once the lockdowns and the pandemic pass? >> well, we see very different dynamics, and, you know, as a company we are blessed with the fact that bayer is really a household name with a lot of world known brands. you named some of them. i would certainly add aspirin. and some of the products that we have today we can support during the vaccination, we can support also the people who have contracted the disease.
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and on top of that, we do see that people take much more care of their own health, and we see that in our over the counter business with a lot of the nutritionals that we sell. on the flip side, not everything goes up, quite frankly. there's people protecting themselves more than in normal times. we see that there's much less prevalence of the flu. and with a cold and cough business, we also see significant impact with lower flu cases during this season, but overall we are very satisfied and also looking forward we are very, very optimistic actually across all our business for the next years to come. liz: speaking of looking forward, it was back in 2018 that you brought agricultural chemical giant monsanto, $66 billion. the monsanto acquisition, is it a creative yet, and we do know that we still have plaintiffs from the roundup chemical
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problems, that they're unhappy with the settlement that you guys have already struck. when's that going to be in the rearview mirror? >> well, we have made major progress over the last quarters. for example, we have already sent 90,000 of the cases, we have filed together with future class cases a settlement proposal for the future cases that are to be expected. and beyond that we see actually very, very good underlying dynamics in our crop business altogether. we have started to see a significant pickup of demand, we see very, very strong commodity the prices, and with that we see very, very good momentum as we go into 2021. in some areas the traditional year, we will actually grow above market as the market leader in crops over the next year to come. so, bottom line, we are very excited with the ongoing performance of the business. we see strong underlying dynamics, and on top of that
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really transformational innovation that we are going to bring to market over the next years to come. liz: westerner baumann -- werner, thank you very much. please come back. stocks have behaved like live wires this week. is it time to unplug some names and connect new ones? into your portfolio, our floor show traders are ready to reveal some adjustments that they you should make, and we're only, what, into month three of 2021? already a massive cash tsunami has come crashing into the public markets thanks to the spac phenomenon. but up to 200 reverse merger companies that have launched this year, only one is held by two of'd hollywood's top operators. former disney execs kevin mayer and tom staggs are here in a fox
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business exclusive on their first day as co-ceos of their publicly-traded spac. closing bell ringing in 50 minutes. dow is up 501 points. s&p, nasdaq, russell all in the green. "claman countdown" is coming right back. ♪ ♪ in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa
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♪ ♪ liz: all right. if you're looking for the stock version of how the markets have behaved so wildly lately, perhaps if apple's price action today could do. investors, first -- and we'll show you this in the intraa day -- they first dumped out after the open after the nikkei reported apple is planning to slash iphone 12 mini production, the demand is just not there, they say. but then investors jumped back in when webbush called apple a best idea pick and said a $3 trillion valuation is on the near hissingen. -- horizon. shares are down half a percent and stand at $120.48, high of the session, i mean, it's really been hugging the flatline, high of the session is about 122.14. to the nasdaq. the nasdaq is up today, but we've seen some swings over the
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last few sessions. down 360 and then down 270 points last wednesday and thursday, up nearly 200 on friday, and then the tech-heavy index kick off the week first down 310 on monday and spiking 464 yesterday. bank of america says investors should just start adjusting their portfolios with financials being one of their favorite sectors because they hold up under many scenarios. but let us get to our floor show. louie and teddy joins us on what they're doing. louie, what stocks and sectors are you and should investors, you think, be getting out of and into? >> well, the chinese adrs got off to a very strong start this year, got hit with profit taking and are still a very good buy right now. my favorite would be niu. they make electric bicycles and scooters. they actually sell more evs than tesla. i also like dq, that's dachau
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energy corp.. so those are my two best picks over there in china. and as far as sectors, i love cloud computing, like service now would be great. and then, of course, cybersecurity's always a big deal. liz: you're giving us some fresh and rather interesting names that we don't hear a lot of people talk about. let me get to teddy. what do you think is the way to go when bank of america says don't expect the next round of stimulus to overheat the markets. yes, people will get a check, but they might be saving it and paying down debt. >> well, of course, we don't know how folks are going to be spending the money, but savings rates are at all-time highs as we speak, is so that money's going to get spent somehow. of course, that remains to be seen. the overall economy continues to improve, you know, as the vaccines become more widely
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distributed. they will start to trump, if you will, the covid-19 problems and the economy will come out of this covid-19 cocoon. and we've seen this shift in the marketplace going on now for months just not for the last few weeks. and i think as your previous guest mentioned, you know, the financials would be one area. but the financials have been strong now for three or four weeks on the reinflation trade. but it could be the transports, you know, the airlines or any of the leisure industries that have suffered so much because of covid-19. i mean, the shift away from tech it's not the end of the tech sector, but the fact is this rotation is actually quite healthy x. if you look at today's tape, you know, it's green in a lot of different sectors. liz: okay. >> and this is good because it's a proxy for the overall economy. liz: really quick, louis, you worried about the 10-year yield rising? we're at 1.52% right now. >> not at all. i'm a growth manager.
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that affects value stocks. it really doesn't affect growth stocks long them. liz: great to have you both, we love you guys. it's great to hear your perspective. longtime market experts. should t-mobile and sprint's nearly 2-year-old tie-up be unwound? undone? blown apart? boost mobile founder peter adderton says yes, and he's about to tell charlie gasparino why next. well, we're seeing the closing bell ringing in 41 minutes. the dow up 526, roaring ahead. we're coming right back. ♪ ♪ from fidelity -- a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity.
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its $45 reference price. right now it's up 54% to $63.88 -- 68.88. a direct listing means a company does not sell shares in advance like a traditional ipo. already trending as a reddit room favorite, we are watching it at the moment. speaking of reddit room favorites, gamestop has been halted no fewer than seven times today due to volatility. it has been spiking and falling and jumping in and out of positive and negative territory. right now it's up about 3% to $254.62, but it has been a fascinating day of trade. not to be left out, let's look at amc. amc earlier was climbing as much as 18 despite another slam by top media analyst rich greenfield. i say another because last week he told us he wouldn't touch movie theater stocks, and now
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he's putting a price on it. he slapped a penny, yes, you heard me correctly, a single penny price target on the theater chain. but in what may be a slightly delayed reaction, amc is down about 5.5% after having been higher this morning. draftkings had investor day yesterday. take a look at shares, multiple price target hikes are lifting draftkings by 12.25% as analysts cheer on strong guidance by the fantasy sports giant. barstool partner penn gaming and golden nugget are also shooting higher at this hour, but it is not all green on the screen. look at tupperware, pulling the lid off to massive miss on earnings estimates. shares are plunging to their worst level since last june, down 19% to $26.18. all right. remember april 30th of 2018ing? you don't? okay. let me remind you, that's when
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t-mobile and sprint's ceos were all smile as they announced right here that they were emerging officially on "the claman countdown." charlie gasparino has the man right now who says tear it up, charlie? >> yeah. and let me tell you something, the person i'm going to introduce in a few minutes is not just some guy hanging out at the water cooler. he's one, he's the founder of -- liz: he's on the screen right now. >> yeah. that's peter adderton, founder of boost, longtime entrepreneur. and i just -- you know, when peter says something, i listen. you know, there's a few people that i listen to and get their rationale. even if i do disagree with him. peter's one of those guys -- peter, thanks for joining us. >> thanks, charlie, thanks, liz, for having me. >> okay. why do you want to break this merger up? [laughter] it took years to complete. it's supposed to be the best
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thing since sliced bread. tell me, you want to break this up? give us the rationale. >> the bottom line is the merger's been a complete and utter disaster. there's no more jobs that we were promised, prices haven't gone down, and, in fact, we're losing less and less competition. and the race to china, which is all we ever heard about, i haven't heard anyone mention the race to china on 5g yet. so this merger, to me, has been a complete and utter disaster. if you look at the biden government coming in right now, they're going to look to reverse this merger or at least hold them accountable. and so just as a classic example, dish announced last week that they're going to have to migrate their customers off 3g because t-mobile are shutting that down. how on earth the doj and dish didn't get this contractually obligated that they had to keep that network up, to give you an idea what that means, that means
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millions and millions of boost customers on the sprint network are going to go. they're going to be cut off. if they don't get a new handset or a new sim, they're gone. guess who's waiting to pick all those customers up? t-mobile. and i warned these guys of this, and the fact that we're going to to see millions and millions of boost customers who are supposed to be protected not protected, now, t-mobile doesn't have a legal obligation, i'm sure they were very smart in their negotiations. but they surely have a moral obligation to keep their network, that 3g network up and running because if they don't -- >> peter, just for the viewers' sake, there's a lot you threw at us. let's be real clear here, the reason why this ultimately got approval both from the trump doj and through the courts is that t-mobile and sprint combined, and then they worked out a side deal with dish, correct? to be, essentially, the fourth major carrier, telecom care your. and as part of that deal, dish
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had to do stuff with boost, the company that you, that you created and started. are you telling me they're reneging on agreements here in. >> it's not charlie reneging, it's t-mobile not playing in the spirit of what i consider to be the original divestiture. so you've got to remember that the lion's share of these boost customers are on a network that's being closed now -- >> right. okay, i got you. [inaudible conversations] >> peter, we have, peter, we have a limited amount of time. i just want to ask you this, how do you unpack this thing? how do you unscramble it? there's no way to do it, right? >> well, i think that they have to. i don't think they've got a choice. this was about making it better, and it's not. at least some accountability should be held, i mean, it's a free-for-all now. you've got verizon buying trac phone. there's not more competition,
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there's less. this thing has been a disaster, and i can't see anyone who can look themselves in the mirror and not say we have to change this. >> and you would say that the biden doj would have to come in and sue. >> i think the biden doj and the fcc have a moral obligation to fix this wrong. >> all right, all right. when peter adderton speaks about telecom, i listen. he knows his stuff. liz, back to you on that. [laughter] liz: charlie, thank you. peter, wow. yes, i did. yes, i did. but, you know, like in business news, it's a soap opera always. thanks to both of you. how about this? nba star shaquille o'neal now known as a hyper-successful businessman with pretty much the pick of anybody and any business to work with. meet the brains behind the new sack that shaq has chosen to -- spac that shaq has chosen to
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join. hollywood dream teem kevin mayer and tom stags are here on their plans. you'll see how it's trading on this very first day and what they hope to create. the closing bell ringing in 29 minutes. dow is up 497. we are coming right back with a big fox business exclusive. kevin and tom after this. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ (man) i'm a verizon engineer, part of the team that built 5g right, the only one from america's most reliable network. we designed our 5g to make
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♪ ♪ liz: question, what do you get when you pair a spac, or a blank check company, with two hollywood executives best known as the top operate is in the inter-- operators in the entertainment and media industry? former top disney execs kevin mayer, who built a hugely successful disney plus streaming business, and tom staggs, frxb began trade today as a public entity, and here today in a fox
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business exclusive the co-ceos joining us live on the launch of this new blank check merger company. great to have you guys, ken, tom -- kevin, tom, welcome. your spac was not only up upsized to $305 billion, but i understand the demand to get in was oversubscribed, and you had to turn investors away. kevin, what do you think is the biggest attraction to this spac? >> well, i think that we have a track record already with our first frx spac that was very successful. we actually are merging with a company called deep body and next finance in a three-way -- fitness in a three-way merger. and i think that, you know, the track record of tom and myself in terms of our ability to operate companies, to see around corners, to be comfortable with the intersection of technological change and shifts and traditional business models, all that, i think, makes us -- i think management teams would like to have us involved in
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their companies. liz: kevin, you know what wall street tells me makes the spac notable is you both have run and wilt major businesses within -- built major businesses within disney. you're seasoned operators. what exactly will you be targeting? >> we will be looking at companies that really, that are at the intersection of technology, changing consumer behavior, new business models and overall disruption in the technology and if media, telecom and consumer space. it's where tom and i have operated comfortably for many years, we've worked together for decades at the walt disney company, foresaw a lot of the changes that have arisen in the media business, and i think we did create strategies which reacted favorably to those changes and created a lot of value for shareholders. so we want to bring those same skills, the ability to look around corners, the ability to help operating companies in the
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short term, medium term and longer term as strategic advisers and board members. liz: tom, i read your s1 filing, you mentioned -- yes, i'm the one who read the whole filing. [laughter] you mentioned consumer behavior is dramatically changing. advancements in technology and increased access to high-speed internet service have disrupted consumption habits. people are shifting engagement from spring single screen tv to interactive and mobile, multi-screen experiences. you guys want to check a lot of boxes here. you know, tech, media, telecom consumer. where do you fit in that's true? >> well, you mentioned a bunch of trends that are profound and really have been accelerated in this past year. and this shift in consumer behavior, we think, creates disruption in a number of different areas. and so we've left ourselves pretty open where to hunt for the right opportunities. as kevin said, we look for the place where we can add some
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value, where art, strategic and operational expertise can be brought to bear to help position a company to take advantage of those trends, and we think there's real opportunities out there. and certainly the interest that a we've got incoming would say that this is correct. liz: and you guys have some pretty important people involved in this. shaquille o'neal, very smart business guy, you've got martin luther king iii to who, of course, was the elder son of martin luther king jr. kevin, you guys are out there, just as tom said, looking for good quality opportunities. there are reports that you're looking at scooter braun's entertainment company to get up to speed quickly on content. is the plan eventually to roll up companies like theirs or similar to theirs? >> well, we have a -- tom and i have a lot of different can business interests that we're pursuing. some of them are companies we're working on some of the strategies for that, some are
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companies best served by being owned in a private situation, not in a public, not publicly held. and so we're looking at those, at the media entertain thement, social media, social commerce space pretty carefully. and then we have our spac businesses, and we're focused on companies like we've described that will benefit from public ownership and should be public companies. and so we're doing both things, and they're somewhat separate endeavors to us. liz: okay. we could put up, i want to put up the spac right now because it is climbing as we speak here. there is a paucity or a lack of opportunity for specific companies the likes of what you're talking about to make as far as this reverse merger. but what about the chatter, tom, about a spac bubble? you know, global spac voluming has already exploded to a record 170 billion this year, already eclipsing last year's total of $157 billion.
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sort of too many in search of too few quality companies that are mature enough and tested. what you're specifically targeting is specific. is the pool wide enough and deep enough? >> well, i think it is -- you're right, the spac business is kind of -- has kind of exploded. spacs are a financing mechanism. they're a financing vehicle, and they work for certain companies in certain circumstances where the spac entity can add value to the equation and bring capital and help to validate a company's public market potential. those opportunities are the kinds that we're going to look for, and we think that will do well. we're not interested in creating a lottery ticket for the public market, if you will, doing something overly speculative. we like business models that are proven with real opportunity for growth, strong management teams, etc. and there are companies out there. you look at how much spac money there is, at the same time, there's $1.5 trillion of pe money that's unspent capital out
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there as well. this is one fancy transaction mechanism in the context of the overall markets, it's not necessarily that huge. the key is the execution, the key is finding the right parer in, the chi is having -- the key is having value and making sure the shareholders at the end of the day, certainly those that invested with us, that they see value in the long term. liz: between the two of you, you have that expertisement and, you know, your backgrounds, we've been putting up some of it, and what you guys have done in the past. kevin, you're known as the architect of disney plus and the streaming platform. disney just announced yesterday that they have passed, they have surpassed 100 million subscribers. you've got to tell me, when do you anticipate if you could just sort of do back of the envelope calculations knowing how you built it, when do you anticipate it closes the gap with netflix, and if you're netflix, are you nervous? >> well, i'm very proud of the
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team, and i was the architect of that. we launched it a little over a year ago, and it has succeeded beyond our wildest imaginations. we thought it would take five years to get to the place where they already are now. it's a testament to the great brand, the incredible content. i think it's a great app, and the technology works very, very well. so a lot came together in a great package. and so i think it's wonderful. it's in some ways my legacy, and i'm really pleased by it. they've already closed the gap pretty dramatically if you think at netflix is just over 200 million globally, you know, it was never our intention, liz, to actually be bigger or better than netflix, we just wanted to serve disney's consumers and fans of the brand within disney if plus as best we could, and we knew if we did that with the right value, we'd be successful. i don't think we were looking at netflix, and neither was the current team, but that gap is closing very rapidly. liz: yeah. they're looking at it now.
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netflix can hear the breath behind them on the track. it's great to have both of you. we'll be watching and, listen, it's the big debut day. we so appreciate you guys coming on, tom staggs and kevin mayer. and leapt us know when you find -- let us know when you find a target. >> will do. >> thank you so much. liz: team biden -- anytime. team biden making it rain on the economy, but larry kudlow has 1.9 trillion reasons why you shouldn't be celebrating just yet. he's coming up next. and, you know, jonathan webb, remember he was on the show, founder and ceo of app harvest? he joins me this week on my everyone talks to liz podcast. it's a fresh episode that just dropped. he is self-educated. first in his family to go to college. after years of working for the defense department developing solar technology, he moved back to kentucky to start app harvest, a
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controlled-environment farm that uses 90% less water than traditional farming. you've got to learn how he went from teaching himself how to do this to ceo and what he envisions for the future of farming. you can find it anywhere where you get your podcast -- anywhere you get your podcasts. closing bell ringing in 15 minutes, we're coming right back. ♪ ♪
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- [narrator] this is kate. - hey. - [narrator] she takes two prescriptions. kate's son jack, takes one too. kate works hard, and thought she had good insurance. but she still pays too much. that's no good. so kate downloaded the goodrx app. now she can compare prescription prices, to find the best discounts. she even beats her insurance price. good for you kate, good for you. goodrx, stop paying too much for your prescriptions. download the free app today. ♪ liz: ireland's aircraft and ge's aircraft leasing business combining to become the world's biggest buyer of boeing and airbus jetliners. by the way, ge and aircap are losing at the moment, each a 3%. ge will still have 46% ownership stake in the company and will use the $24 billion it's receiving from the overall $30
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billion deal to pay down some of its huge amount of debt. ge will also wind down its ge capital unit after the sale, the jet-leasing business was the biggest piece of ge capital still on the books. the ceo, larry culp, also con firming the company will eventually sell its stake in the new combo with aircap. both aircap and ge are falling, but boeing jumping 6% into the close. breaking news, president joe biden speaking in the south court auditorium right now. he has just announced that the government will buy 100 million doses of the johnson & johnson one-shot coronavirus vaccine. j&j's ceo and merck's whose company is partnering to speed up the vaccine, both speaking. so let me take it to larry kudlow who's joining us now. larry, this is an important announcement. we're ramping it up, right? larry: the only stimulus there
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is. all this other stuff that got signed today in the house is irrelevant. vaccines will reopen the economy and schools and stimulate the economy. big, very big. i applaud. liz: yeah. larry: and i'm sure president biden has said that this was all done on the shoulders of president trump's operation warp speed. i'm sure that was in his -- liz: operation warp speed. larry: don't you think, liz? liz: absolutely. larry: today will be a breakthrough. he'll actually give trump credit. liz: yeah. and i have it fascinating that you have two rivals, j&j and merck, saying, you know what? this is one of those times in our nation's life where we all join together, which i love. so the stimulus has passed in the house once again. so bind says he's going to -- biden says he's going if to sign it, and you tonight the think it's going to make a dent, larry? larry: stocks love it, i don't. one thing i want to put in, there's a provision in there
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that i didn't know about. apparently, senator schumer, majority leader, put in no tax cuts. states and municipalities cannot cut taxes. now, that is really the end of the road. that is a new low. that is a bad idea. i mean, why can't people keep their own money? liz, i'd rather you kept your own money, not the government. wouldn't you like to keep your own money? [laughter] they won't let you. they will not let you. liz: that is a whole different conversation. [laughter] you know, i'll tell you though, larry, we we should do a whole r on that. larry, we'll see you at the top of the hour. guests include senator pat toomey and former white house press secretary kayleigh mcenany. we're eight minutes away from that as the end of the working, shopping and entertaining at home movement inches closer, could a different kind of at-home play still put the welcome mat out for new profits
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in your portfolio? our countdown closer says yes, two names he says are winners. we're coming right back. dow is up 495. ♪ ♪ a big 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. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ . . .
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♪♪ apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com some say this is my greatest challenge. governments in record debt; inflation rising, 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.
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or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪. liz: okay. we're four minutes away from history. the dow will close, well, i better not say that. it hooks, it looks to close above 32,000 for the first time ever. we're 32,311. nasdaq, nasdaq has been very volatile today. now it is down. it is hugging flat line, up, down, all around. we're watching the dow today, it has the biggest percentage gain of three major indices up 1 1/2%. it looks to close above the mile marker of 32,000.
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growth in u.s. diswas pretty much stagnateing when the pandemic accelerated deurban trends. population decline, from 2010 to 2019. ahead of the new 2020 census data number due out in may, today's county "countdown" closer says deurbannization theme. he has stocks to cash in on the trend. craning hodges, two billion in assets joins us. craig what do you say works really well with the backdrop of deurbannization continuing? >> first, let me say, this is not only way to play this you can plain it through homebuilders, remodels, building supplies, furniture, mattress companies. there is a lot of ways but rocket mortgage is one way to play it. they have a 10% market share in mortgage and refi.
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they say about 2030, they will have 25% share that will be the brand name in refi and mortgage. it is all in line so the economies of scale are tremendous. the homebuilder we would buy is taylor morrison homes. it is the fastest growing homebuilder out there but the cheapest because of their balance sheet. they do have a lot of debt. this is a entry level homebuilder, florida, texas, colorado. we think margins improve tremendously there this trend we don't think will be a quick trend because of covid. we think this lasts for areas and years. remote work something what is really driving it. prepandemic 6% of the workforce worked from home. post-pandemic we're predicting over 20% of the workforce works at home. so the home building area is going to be something. remote work something that will be happening for a long, long period of time. liz: taylor morrison is an
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interesting one. they have been on the show. they're up 50% over the past year which that kind of snuck up on us. i have to ask you about rocket. we're looking at the one-month chart and how it spiked because it suddenly got the attention of so-called reddit rebels. does that concern you at all? >> yes. liz: others are able to pile together to affect a stock's move simply because they want to? >> yeah. i think that revolves around, there is a pretty large short position. i think there was some published stocks that have high short positions. you saw all of those stocks spike over a couple of days period. we don't, i don't believe, i think fundamental story will play out over like i said over several years. this is a smaller company that has a chance to be a very large company and take market share up tremendously. so we're looking at the long-term aspects of this. liz: great to have you, craig.
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really really good to see you, craig hodges. we're looking to close at never-before-seen level for the dow. [closing bell rings] liz: not only a record high, 32,294. the first time we're closing above 32,000 for the dow. that will do it for "the claman countdown." "kudlow" is next. ♪. larry: hello, everyone, well back to kudlow, i'm larry kudlow. once again stocks love stimulus even if i don't. stocks rallied to finish the day higher. dow was up more than 500 points for a lot of the day. congressional democrats celebrating passage of their $1.9 trillion boondoggle covid spending package. that is what it is called. it's a boondoggle. it's a political payoff. passed in the house 220-211. not a single republican voted for it.
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