internet. this is a bunch of nonsense to say that these things are valuable or rare. it's a sign of the times, and hopefully i'll live a long life, and by the time i die, nobody even remembers me -- [laughter] hopefully, i won't have to worry about my son squandering my wealth. charles: we've got to leave it there because i've got to hand the show over to your old friend, liz claman. peter, thank you very much. liz, over to you. [laughter] liz: yeah, well, your own son, peter. spencer, oh, my goodness. [laughter] all right. breaking news, president joe biden celebrating yesterday's signing of the $1.9 trillion coronavirus stimulus bill. he just finished speaking in the rose garden at the white house right now. the president touting the benefits of the law from the thousands of dollars in still the plus checks that will be sent as soon as this weekend to struggling americans to the purchase of millions of vaccines to protect the nation from the deadly coronavirus. we are going to get instant

analysis of the impact of the stimulus from the national association of manufacturers' ceo who will spin it forward on what he wants to see in a potential infrastructure bill. wall street not exactly sure what to make of it or at least maybe just exhausted from the crazy week we've had. the dow powers to its third straight record, tech stocks and the nasdaq sinking, so any gain for the dow, russell, s&p or transports, brand new records. we're watching it. meanwhile, the biden administration today cracking down on chinese telecoms, huawei, zte and a whole bunch of others. t-mobile's ceo michael sievert is here to explain how that could give his network a 5g future edge. and lidar isn't just for cars anymore. ouster making its public debut via spac today. its ceo and cofounder telling us where he sees unique technology being used. how about giving robots 3-d

vision? fox business exclusive. all right, breaking news, let's get to president biden who just finished speaking in the rose garden at the white house moments ago. he called the coronavirus stimulus a promise kept. the president claiming the new law will create 7 million jobs, but the direct payments to hard working americans struggling through the pandemic could make the biggest difference in their lives. here's what he said. >> for a typical family of four, middle class family, husband and wife working making $110,000, that means $5,600 check they're going to get. 85% of the households -- [applause] in america will be getting this money. and a lot of you know because of the way you came up like i did and others what that can mean. think of the millions of people going to sleep at night staring at the ceiling thinking, my god, what am i going to do tomorrow? i lost my health care, don't have a job, unemployment runs out. i'm behind on my mortgage. what am i going to do?

liz: a big chunk of the recipients of those checks are manufacture workers. this is the latest survey from the national association of manufacturers. it shows worker optimism is up across the board from businesses both big down to small. their highest levels in two years that they're seeing as far as optimism. let's bring in the man who represents more than 14,000 manufacturers across the nation, national association of manufacturers president and ceo jay timmons. welcome, jay, great to have you. as we just listened to the president, how do you see the $1.9 trillion stimulus bill in is it too much, too lit? and how does manufacturing stand to benefit? >> well, liz, i think that the most important thing that comes out of this bill is a focus on epping the pandemic. there's a lot of things in the bill that both political parties support or don't support, but for manufacturers we're really happy to see the focus on the vaccine.

production and distribution. and we are part of the army to make sure that we get as many of those vaccines in arms as possible as soon as possible so we can end this pandemic. obviously, there were so many things in that bill that were designed to impact those who have been through some just unbelievable times. you mentioned some of those, you heard what the president said. those dollars, those direct dollars can mean a tremendous amount to somebody who's either lost their job or who may be standing in line for their next meal. so those are things that are not directly related to manufacturing priorities but, obviously, there's an impact that is positive for the nation. liz: let's talk about priorities for your group, your members. now team biden's looking ahead to what could be something like a $3 trillion infrastructure bill. today senator chuck schumer already hinted that the democrats may have to resort -- or not have to, they will resort to reconciliation meaning a simple majority without

republicans to push an infrastructure bill through. do manufacturers care how the sausage gets made, jay, or are they pretty much saying do whatever it takes to get it done? >> isn't it terrible that sausage is actually the metaphor for making legislation. [laughter] liz: i know. >> so, look, we would have preferred when you talk about the recent rescue act, we would much preferred to have that be a bipartisan discussion and negotiation. but there simply wasn't the appetite to do that. to your question about infrastructure, absolutely. this needs to be a bipartisan priority. this is an american priority. we have for decades been talking about the need for a fairly massive infusion of investment in infrastructure in this country, and time of after time, president after president, republican, democrat administrations, congresses, they've let the opportunity bypass them. we cannot escape this moment. we don't want this moment to

bypass us this time when we have 55,000 structurally deficient bridges, we have roads and highways that are a mess, we have ports and airports that need attention. we need to build out 5g so that we are not only competing with the rest of the world, but we're leading thest of the world. the rest of the world. and that's what we can accomplish through infrastructure investment. liz: but republicans are already saying they don't love it may skew toward what they call, clean energy interests. national association of manufacturers put out a paper, i was looking on your web site, and it's called the promise ahead which basically said manufacturing holds the key to solving the global challenge of climate change and that the u.s. manufacturers have to take the lead in clean energy, carbon capture, batteries, micro grids, efficiency, advanced vehicles, etc. can we read that to mean that you are fine with a bill that includes quite a bit of clean or climate manufacturing opportunity?

>> what you can get from that when you read it is that manufacturers need a competitive business climate to be able to do all of those things. that means we need to make sure that we're not monkeying around with corporate tax rates or increasing taxes on individuals and pass-through entities. we need to make sure we have a solid regulatory and permitting environment that allows us to do all of those things that we know we can do as americans as long as we have the research and development capabilities. we know we have the ingenuity and we have the commitment to be able to do those things. liz: got it. >> we just immediate to make sure government is our -- need to make sure government is our partner in -- [inaudible conversations] rather focused on, you know, the basics of investment and building the structures that we need. liz: you know, as we already saw your most recent survey shows your member companies have a lot of optimism. >> they do. liz: four years ago when donald trump won the presidency, they were very optimistic as well, and yet by the time the january

6 riots happened, things had changed. the group was among the first just hours into the capitol hill mayhem to put out a statement saying that it was president trump who incited the chaotic mob in an attempt to, quote, retain power. what was your mindset both personally and, quite frankly, as a former republican political operative along being, you know, the professional's view that you looked through the prism and saw what you saw on january 6th? >> yeah. well, you know, you think about those surveys from four years ago and the optimism that manufacturers had. that was all based on policy. because what manufacturers are about is they're about solutions. and at the nam, we're about policy, not personality, politics or process. so as you saw those policies come into play, again, competitive tax reform, regulatory certainty, manufacturers were thriving. we were investing, we were hiring, we were raising wages and benefits. the pandemic came along, we jumped right in to try to help make sure that we could win that

war. but manufacturers, in fact, all business cannot operate efficiently or effectively if we don't have the rule of law, if we don't have a stable democracy and government. and so the good news is we've had a peaceful transition of power. we're now moving ahead to the next chapter. we're going to win this war on the virus, and we're going to build this economy back even stronger than it was prior to the pandemic. liz: gotcha. jay timmons, head of the national association of manufacturers, thank you very much for joining us. glad to see your member companies and all of their employees are pretty optimistic at least at the moment. good to see you, thank you. >> good to see you. thanks for having me. liz: so as president biden, you saw, just took a victory lap and you just heard jay talk about 5g, his federal communications commission citing a 2019 law aimed at protecting u.s. communication networks announced

today five chinese companies saying they pose a threat to national security. this as t-mobile busts a move on 5g saying by the end of the next year, its ultra-fast 5g network will cover 90% of americans, and the news comes as the wireless carrier approaches the one-year anniversary of completing its merger with sprint. t-mobile ceo mike sievert joins us live now. you're also promising that by the end of 2023, 97% of americans will be covered by your extended or slower bandwidth 5g. but this is all in the aggregate serious, ambitious expansion. how are you going to build out and reach those targets? >> thanks, liz, great to be here. you know, the country has never seen a network built like this one being undertaken by t-mobile, and we're two years into it. we've been ramping up these engines with hundreds of crews all over the country, deploying

hundreds of sites per week. so it's taken a long time to get here, but that's because we arrived at mid band at our core strategy two years ago. the other guys are just recently discovering mid band through this recent auction. when t-mobile has the leading portfolio. not just the most mid band, but the best mid band. and we're deploying it rapidly. to your point, we're already at 2 the 87 million -- 287 million people covered by 5g, and our 5 go overall is the fastest in the country and the most available. that means people get the signal from us more often than they would from the other guys. liz: mike, how much money are you guys willing to spend for this 5g buildout? >> well, the beauty of it is every single dollar is fully accounted for in the capital plans and the big financial plan we rolled out yesterday. it's $11 or 12 billion the next few years.

65 billion up to cumulatively during our planning period. and we announced because of that we'll be contemplating a major, up to $65 billion share buyback program during this planning period as well. it really shows you these aspirations we've had about creating this new company with the 5g assets in the industry will translate into an incredible business, and we're off to the races. liz: can you do it without government help? i'm not saying you will have to, but, you know, president biden says next it's the infrastructure bill, and are you hoping just as jay timmons at the nam just said that there's 5g, at least the money allocated for that? >> well, we'll make sure t-mobile customers whether it's home broadband or mobile take advantage of any government program that's out there. and, of course, we're all aligned on some of these objectives. t-mobile wants to make sure that every quarter of this country is covered with 5g service to no one's left behind. and that's a big part of our story and why we're investing

all this money. we're as a company behind in rural and smaller towns, and that's a huge growth story for t-mobileing where we build connectivity and real competition to neighborhoods that have never had it before, have never had our lower prices, our better value propositions. man, that's going to be fun, because a lot of these places have never had access to what we have to offer before. our market share in small markets is only in the low teens versus our 30% share nationwide, so we have a lot of room to run. liz: you know, you guys are coming up on the one-year anniversary of the big merger with sprint, and part of getting that merger pushed through was that sprint had to shed or sell to dish the boost, the boost network that they had which is pretty much sort of the prepaid network. now we're hearing, at least from the founder of that company -- mr. adderton, whom i know you know well -- says this has been a disastrous merger. he was on the show yesterday

saying it's a mess specifically because you guys are about to get rid of the slower, cut off the 3g network, and that's what boost customers are on. here's what he said, and then i want you to clarify. >> look, millions and millions of boost customers who are supposed to be protected, they're going to be cut down if they don't get a new handset or new sim, they're gone. and guess who's going to be waiting in the wings? t-mobile. liz: what is the plan for the boost customers, and have you had conversations, mike, with the fcc about making that happen? and i know you don't control that because dish owns it now, but you guys are about to sort of cut off that 3g network, are you not? >> right. by the way, all that you just played, it just -- it struck me as a bunch of completely fact-free assertions by a guy looking for a little attention. i mean, the truth of the matter is of the 9 million customers that boost has, give or take, by the end of this year, almost 90%

of them will already have a handset that's totally compatible with t-mobile's network. nobody's having anything unplugged. by the time we actually deal with the network transition next year, it'll be some single-digit percentage. and the operator, dish, just takes care of that with incentives and promotions. that's certainly what we'll be doing on the sprint side. you know, the industry's seen this over and over again. what's in the public interest is getting this country on to 5g as we just heard the priest guest talk about and moving to that as quickly as possible. and that means unifying our networks and moving to the latest technology. everybody's a winner and nobody's a loser. liz: but have you had conversations with the fcc, or are they turning to dish for that type of discussion? >> yes. they want us to move as quickly as possible and, in fact, required that we move incredibly quickly with an unprecedented set of commitments that they demanded we move to a network that requires all of our assets

be on the destination t-mobile network quickly. they understood that people are getting left behind, rural americans who aren't being reached by 5g. this is the highest capacity 5g network ever contemplated to reach rural america. they not onlied onlied only -- s to do it, they required us to do it. liz: great to have you, mike. any kind of announcements you do have when you hit certain milestones, we'd love to have you back. thank you so much. >> always great to see you, liz. liz: mike sievert, ceo of t-mobile. we are coming right back, dow jones industrials up 222 points. that, of course, is a record if we close anywhere above the flatline. ♪ ♪

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and peter said he'll debate him anytime, he just e-mailed me. but in any event, let's get to tiktok. never ending story is still not over, and everything from what i understand is on the table. and what's interesting about this is that a new agency in the federal government -- at least as of now -- is taking the lead. as you know, the committee for foreign investment in the u.s. was sort of the lead agency as it is in deals including the one with oracle, tiktok, byte dance, oracle was going to partner with tiktok because they have the cloud services and could secure the data that the trump administration believed was being used for surveillance purposes. everything's been thrown up in the air a bit now that the biden administration's taken over, and apparently the lead agency is the department of justice, and that's what fox business has been told exclusively by people close to the biden administration, that they are the ones that are essentially reviewing all the potential arrangements that could be done

to save tiktok's u.s. operations. again, the cfius will be involved but, apparently, it's doj to figure out if this is stuff is legal. and when i say legal, there's going to be a company formed. the company is going to be nominally owned by u.s. investors including the two main investors in tiktok, general atlantic and she sequoia. and then there's going to be a legal examination and when that's separate enough from the chinese authorities, the chinese government -- because bitedance is a -- bytedance is a chinese company and whether the data is secure enough. a lot of that heavy lifting will be left up to the doj from what i understand going forward. we should point out that we are told by biden administration sources that the future of tiktok is seen as a low prior item for obvious reasons. stimulus, covid, infrastructure, a lot of stuff on the plate, but it is the going to get dealt

with. oracle may still emerge as tiktok's partners. those talks continue. oracle is still looking to do this deal in some way to satisfy government agencies, from what i understand. we should also point out that wall street sources once february say don't be surprised if microsoft jumps into the fray. microsoft is probably the one company that could actually buy tiktok, its u.s. operations. it has enough cash on hand to do so and satisfy the security concerns. we should also point out, liz, that no one wants to talk to us about this on the record. tiktok -- [laughter] microsoft, bytedance, treasury and doj have no comment. back to you. liz: does it ever occur to you that no one wants to talk to you on anything, charlie? i'm kidding. >> you know, i get that. you know, i -- now it's bleeding over to lydia -- [laughter] she spoke with -- liz: producer. >> -- the adviser to president biden, and after a few terse

words, he hung up on her. click. liz: well, listen, to the tiktok, great scoop here. charlie, i hope you're watching my daily business news tiktoks, this morning we flagged the story that netflix is about to send out the password police to shut down the very popular practice, we know those of you who are doing it, of sharing passwords. if you want to know what they're going to do next, follow me on tiktok @redfoxliz. luminar shares, can we take a look at those? they are lighting up into the close. the lidar laser maker joining forces with a subsidiary of volvo to create a new self-driving solution called sentinel. the new software will be opened up to other automakers. shares are jumping 4. but lidar not just for a autopilot in cars anymore. coming up, the ceo behind the lidar company that's giving the gift of sight to robots. they just went public today.

ouster ceo angus joins us in a fox business exclusive next. don't go away. ♪ ♪ eat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ (vo) ideas exist inside you, electrify you.

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♪ liz: well, just one day after amc's see you adam aron told us right here on "countdown" exclusively that he will be reopening his l.a. a. amc movie theaters one week from today, quote, no matter what, l.a. county officials are now putting plans into motion that could allow some of the county theaters to open their doors even sooner. just three days from now. amc entertainment shares jumping 8%. cinemark's kind of flat, slightly here by 1%. now, even though capacity will be capped at all l.a. county and california theaters at 25%, the move would mean that the film industry's top two markets --

l.a., number one, new york city number two -- will now be back in action for the first time together in more than a year. but, yep, you heard that yesterday from amc ceo adam aron. i caught him on the phone. he was jumping a plane and he said, liz, i don't care, friday in l.a. no matter what my theaters are opening at 25% capacity. the return to the real world very good news for amc but not so much for digital signature pioneer docusign. let's go to gerri willis for that story and more in today's fox business brief. what's up, gerri? >> reporter: hey, thanks, liz. docusign getting swept up in the stay at home selloffs, shares falling today despite beats on earnings, revenue and guidance estimates. but for at&t good news is just, well, good news. the telecom titan now producing $15 billion in overall from hbo by 2025 due to the success of hbo max.

hbo signing up more subscribers in the past seven months since launching its streaming service for the entirety of 2010. and vailing resorts popping after the skiing giant surpassed both earning and revenue estimates in the hold dare quarter, but the company holding back on full-year guidance due to the pandemic. and up next, a new player entering the market of laser wars. the ceo of ouster joins liz on his plan to oust the competition from the lidar battlefield. ♪ ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward,

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♪ ♪ liz: you know because we've covered this, 2021 is turning out to be the year of the spac

like no other. more than 180 spac, or special purpose acquisition companies, have filed for ipos in just the first two months of the year, and more than 70 of these blank check stocks have reverse merged with target companies. the latest is ouster. this is a lidar company which builds remote sensors that pulse to measure ranges and distances, and today it americaned with colonnade acquisition corp.. it is trading down, but ouster was founded in 20 the 15 and is still one of the only purely digital lidar companies. what to they do, you're asking me, liz, come on, show us. what the drive would see is the bottom, while the top part of the video shows you ouster's lidar system mapping the street and its surroundings. but ouster is out to prove lidar is not just for autonomous vehicles anymore. let's bring in cofounder and ceo angus pacala joining us now in a fox business exclusive.

well, congratulations, you hit the public market after founding this just six years ago. what is a day like today for you? [laughter] >> liz, this is a day that has been a long time coming. six years may sound like a short time, but it feels fantastic, let me tell you. we're all so happy we've taken the next step with ouster. liz: why was a spac group the way to go for you? >> say that again? liz: why was the spac route -- >> oh, yeah, yeah -- liz: -- the way to go versus an outright -- >> the spac was a perfect fit for a company like ouster. ouster has come a long way in a short time. we have significant revenue, significant customers, positive growth margins, outsourced manufacturing, and those fundamentals are what spacs were built for. they were built for companies that had a clear revenue trajectory that's really compelling and an established business that's based on sound fundamentals. and that's what you really needing as a company, is to be

able to predict your forecast your company in the future. liz: and you also need a runway that investors can see where you can grow. you guys have already made quite a few deals, and you've done the mobility. autonomous shuttles, we're showing some of those on the screen. what is next for you? >> well, autonomy extends so far beyond just automotive technology. i think that's one of the most exciting things about ouster, is where the digital lidar company that has flexible technology that spans industries. so whether it's the industrial manufacturing robot or the mining machine or the agricultural robot or the flying car and the self-driving car that you and i might drive in in the future, usaer's digital lidar -- ouster's digital lidar is making them safe and efficient in a way no other lidar is capable of doing. so it's really what we've been seeing for so long. liz: i'm glad you brought up jetsons and sci-fi, robots --

[laughter] you guys are enabling robots to have 3-d vision. can you explain that to our viewers? >> yeah. so it really is, it's like echo location with bats. we pulse out laser beams and time it to how long it takes for that to bounce off an object and come back. it really is like echo location with bats, and what it allows is for robots to see a perfect representation of the world in 3-d at night, in in inclementwater in a way that camera -- weather in a way that no other sensor is capable of. liz: okay. i'm really impressed you explained that so that i could understand. this is very -- >> [inaudible] at the end of the day, yeah. liz: a big opportunity at least right this minute is automobiles. bill ford sitting on your board. is there a relationship with ford that you foresee, and if so, how big could that get in.

>> well, bill ford does not sit on our board, but his personal investment fund was one of our -- liz: rather -- >> yeah, he was an investor. sorry. and so, but that, i think, indicates there is still a huge opportunity within automotive. self-driving cars, whether it's a car that you and i buy or an uber or a lyft vehicle that's going to be self-driving in the future, there's a monumental opportunity in automotive that is a core part, 30% of our revenue is from the automotive industry. so it is vertical we're focused on, but it's one of three or four that we're building the business around. liz: it's amazing, you know, looking at what we just showed you, it is way more than just rudimentary. i'm looking at this video that shows your lidar can almost put together a starbucks store

that's right in front of the vehicle. incredible stuff. you guys are the only sort of pure play lidar company out of the big five that are out there, yet you're small. how are you going to get into the apple offices as they build out their apple cars if they are, indeed, going to do that? how do you get attention? >> yeah, i would say of the new company, companies started in the last five years, ouster is the biggest in terms of revenue, customer set and has the best positive growth margin. so we're still growing, but we've made a name for ourselves in the industry. in terms of apple and other significant players, you know, they really look to digital technologies for the future. you look at an iphone, it is filled with digital chips, the same technology that we're using to build our digital lidar. and so i think that that alignment in terms of the technological underpinnings of our product and other products that our customers use is the ultimate reason why they'll choose ouster over a competitive

technology. liz: well, congratulations on your first day of trade. angus pacala, ceo of ouster. we'll be watching you and your company. please come back soon. >> thanks so much, liz. liz: the american spirit of innovation like what you're seeing here is alive and well particularly in the vaccine race. but but the is the rest of the world taking notice? i ask larry kudlow that question next. and innovation isn't just in pharma, it's this week's edition of my everyone talks to liz podcast. jonathan webb, founder and ceo of app harvest tells us why he gave up his curb government job to move back home to to start a controlled environment farm that uses 90% less water than traditional farming and, no, he was never a farmer or a ceo. how did he do it and what does he envision for the future of farming? you've got to hear his story, it's absolutely incredible.

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♪ ♪ liz: slow and steady wins the race. let's take a look at shares of novavax, they are jumping after the bill gates-backed vaccine maker released final data from its covid trials in the united kingdom, and the results are very encouraging saying its two-dose candidate not only proved more than 96% effective at preventing mild, moderate and severe symptoms of the original covid virus, but it was also highly effective at combating the new u.k. variant of the

disease as well. no word yet on when novavax will apply for approvals in the u.k. or u.s., but session high shares popped nearly 16%. they're moderating right now, still up 8.33%. larry kudlow, i know you're gearing up for your show at the top of the hour. larry, you were the one who said a it is all about vaccines for the comeback of the economy. jay timmons, of the national association of manufacturers, just said it at the top of the show. moderna, pfizer, j&j, now know advantages, while, you know, russia just has sputnik, their vaccine, and who knows what committee that's doing. ya -- china's doing. what does this mean for america's status and reputation around the world? larry: well, look, it's a big win, is it not? our big pharmaceutical companies, our biotech company, you know, ingenius, creative, successful. i mean, this is an extraordinary thing, getting it done in six months. they had a lot of help, i'm

going to say this. president trump's operation warp speed, which put in money and deregulated and was a private/public partnership, which is great. but i'm just saying, hats off to these great companies. look, i want to spread the wealth on in this. hopefully, we can get great drug companies all around the world, get the vaccines all around the world, you know, make people healthy and safe again. but, yes, america's taken the lead. we should be very, very proud of this. liz: it was a race. and i remember this so well because, you know, somebody asked president trump during a news conference at the time, they said, you know, you want america to make it first, right? he said i don't care who makes it first, let's just get it done. but it's amazing, here we are, four different u.s. companies. i've just so proud of the innovation that we have in this country. and as we look forward, it's certainly encouraging, is it not? larry: yeah, i mean, and the president was right. he is america first, but, you know, on this one it's just getting, you know, globe, get

healthy first. and it says a lot. and i think, liz, it's a lesson to be learned. i mean, when you get politicians who want to tax corporations or tax rich people or, you know, want to go after these pharmaceutical companies because their drug prices are allegedly too high or import drugs from canada -- liz: well, that was trump. i mean, president trump wanted to do that. >> i know. and i never agreed with the president on that particular point about importing drugs. i'm just saying, here's an example. free market enterprise. private enterprise works. now, it got some help from the government. i'm also proud of that. we ponied up, i think, about $20 billion all in, and if president biden ponies up more, that's fine for additional supply. but this is a great moment. we should be optimistic, encouraged and forward-looking, lizzie, because we've come through this thing. i think we are at the end of the tunnel which is fabulous for this country, and we will lead

the world towards recovery. liz: yeah. well, but again, it also has that piece of it where the government added some rocket fuel in the form of cash, you know? it's not all bad when the government helps businesses. great to see you, larry. thank you so much. happy friday. larry: thank you, lizzie. thank you. great stuff. liz: "kudlow" air at the top of the hour, former epa administrator drew wheeler. we'll see you at -- andrew wheeler. we are coming right back, and the dow aiming for another record. today's countdown closer here to tell us what should be in and out of your portfolio. we are going to hear from victoria fernandez what she's getting rid of and what she's putting in. don't go away. ♪ ♪ a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time, you need decision tech.

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okay, we are about five and a half minutes before we hear the friday closing bell rings. what a week. dow 2000, closing at noontime highs. for the week, the dow and s&p, right? s&p, let's look at it. two and a half on the week. the dow up 4% of the week and nasdaq looks to gain about 3%. that means it will snap its three week winning streak but you remember what week it was, triple digit gains all over the place, interesting to see how it worked out. time to spring forward. daylight savings heating up this weekend, this is the one i hate because you lose an hour. as you set the quote clock forward an hour, countdown closers say don't forget to set your portfolio ahead, too. here's how to do that. chief market strategist, global investment 5.3 billion assets.

this is a good message, just because markets have gone up year after year lately, you still have to do a little spring forwarding, right? >> you do. it's important individual sit down with their advisors look at the portfolios themselves and see what changed since the last time they did a good cleaning out of the portfolio. has their needs changed? restrictions they are looking at has that changed? requirements they need for tax generations, all that determines the securities you hold in your portfolio so especially with the volatility we've seen the last couple weeks, this is a good time to look at the names that were high flyers and hold back now. this is the opportunity to add it to your portfolio. liz: your market note is pretty much saying the stay-at-home trend is kind of a breather, reopening is the way to look so

let's look at the changes you're making and the first one is interesting. you say this go out nvidia and. let's talk about that. >> when you think of the rotation from the growth trade or cyclical trade, we don't think you should do a complete patient, having exposure to both sides so what we consider that. with the pullbacks we've seen, we use it as an opportunity to upgrade our portfolio so we look at nvidia, this is a name we like for a long time, it's been on our wish list but the evaluations were so extremely high when we had a pullback, we took the opportunity to make the switch, come out of fiscal, a name we did well but nvidia was a better opportunity and move into that name. you can do that with different names within your portfolio. it's an opportunity to upgrade you wish grist wish list names. liz: some of the other names you

like, broad calm, is a common theme these? >> it is twofold. we seen the names pullback recently. look at the charts for those names, there was one high flyer names you mentioned earlier and we have seen them pullback and evaluations are more reasonable. they also fit into what we consider longer-term trends. trends that were established during covid but not necessarily covid only, trends that will continue this year into next year, cloud obviously we will see more going into cloud, service now makes sense. renewable energy so it makes sense and we know, look at the broad calm. high demand and short supply. that should be good for their marginals going forward. those are names we like. liz: let me hit you on why you are saying get out of airlines. people are going to snap back to

travel and yet you say put the airlines off the shelf there. >> we don't like the airline sector as a whole because we do feel as we go into this reopening, most of his already priced into airlines but yet, we are only a fraction of where we were previously. the largest cost for an airline is fuel. year-over-year, we've seen that costs skyrocket. expenses are going up, we are still not back to full amount of people going on airplanes and traveling and business travel probably will never get back to where it was so the fact that it's already completely priced and for full recovery we think is a little too soon so we would pull back on that. liz: interesting. today we have american airlines as a nasdaq winter. it's great to have you. please come back, victoria fernandez. as we look at the end of this

week, we can release the balloons because they are new records for the dow s&p, russell and transport. close the week higher, that will do it for the claman countdown. thank you for joining us. we'll be back here monday for another edition of the final count of trade. ♪♪ larry: hello, welcome back to kudlow. on the day after president bidens first national address uncovered, markets were missed, the dow big, more than 200 points, third straight record close. s&p rose slightly but the tech laid nasdaq problem. we'll talk about that later in the program. i've got a bunch to say about president bidens covid speech last evening but first, listen to what he said this afternoon in the rose garden.