plays for your portfolio. charles: victoria, always appreciate your -- our conversations. see you again real soon. liz claman, we are trending higher which means the last hour could be a blockbuster. of. liz: four records already with four off the five major indices, so meandering is fine. any gain means a record, if you're a bull, certainly. thank you so much for joining us. are stocks beginning to lose their cool factor to crypto? the dow and the s&p, yes, hitting new records right now, so is the russell and the transports, but it's bitcoin's earlier march past $61,000 and the crypto art market that has investors diverting their focus away from plain vanilla equities. can stocks compete with the allure of the new, the names that our traders say can go toe to toe and even beat the crypto

craze. president biden kicking off his campaign not just to promote, but how to pay for his mega-infrastructure plan. that plan involves the two words that are sending chills through some of the nation's top earn, right now. we'll let you know. marchness sparking up sports fans, flutter's wigs are on fire and -- wings are on fire and what fanduel's ceo, matt king, has to say about it all. it's been a wild session for raging company ava, halted multiple times for spiking too far, too fast. in an increasely crowded field -- increasingly crowded field, how does ava stand apart? the ceo right here live on taking the self-driving laser wars into the fourth dimension. all right. we've got this fox business alert. are we seeing a shock of the new in the markets right now in

first, we tackle bitcoin. it is cooling off after spiking to more than $61,000 over the weekend. but so far here the crypto giants have seen an upsearch of more than 90%. doge coin, the other dog crypto that has gained in popularity thanks to tesla ceo elon musk who over the weekend emphatically agreed with a tweet that suggested copybase should begin to -- coinbase should begin to trade doge coin, that was enough to spike, and it's climbed more than 1,100% so far this year. but the newest of the new, the nonfungible token market is booming. at the end of 2020, its market value reached $338 million. that's up from 41 million just as recently as 2018. this, of course, does not even include thursday's $69 million sale of the digital artwork piece along with other eye-popping purchases so far this year. and then i know you guys won't,

but don't forget about the spac market so far. spacs, or special purpose acquisition companies, have raised $166 billion in just the first quarter alone which exceeds all of the spac deals formed last year. to our floor show traders, scott redler and phil flynn. all right, how and which stocks can continue to attract investors' attention while these shiny new, hot investments continue to grow? phil? >> i think you have to tell the companies what's happening on the other side of the market, right? companies that are a taking bitcoin and doge coin and embrace the new digital technology. i think you, liz, should probably put your first tweet up for sale, see what kind of bid we can get on that. maybe we can -- selling a tweet of yours, who knows? [laughter] listen, the crypto craze is here, but the it's a real thing. and i think if companies don't

want to be left out, they have to be embracing it. a lot of companies, obviously, paypal and tesla, obviously, with elon musk, but also the banks, goldman sachs and some of the bigger banks are going to look at this. if you don't want to be left out, behind, you've got to get in front of it, and that's what these companies do. liz: tell me, scott, what you believe here, because you have lately been on an up believable hot streak which the recommendations you make right here on "the claman countdown." you're more of a trader, you always give an exit plan for investors, but are there actual boring equity names or names at all that can go toe to toe with the attention-grabbing aspects of what we've seen lately in the crypto market? >> what's interesting is you said week by week. every week there's a new flavor in the market. every week certain sectors are getting slow, so there's always nice setups that can compete with what everyone's obsessing

about all over the media. with that, i'm going to continue to do them, one of them which i just bought last week which is actually boring and i don't eat it because i'm a little healthier, mcdonald's. look at mcdonald's. they've been a six month channel, just broke above it today. it's great for investors, it's good for traders. you know, we've seen so many of these. last week we were talking about macy's, that was a great trade, gm, mmm. so every week there's different types of trades. the key is you want the to get in the trade before it gets way too loud. and, liz, you talked about nft. guys gotta connect the dots. i'm sitting here with my assistant, he's 21 years old, i'm like, hey, red puck, he's my assistant, that's what i call him -- [laughter] what do you use to trade these nfts? there's something called decentral lab. i look at it, they use manna, the currency they use to buy and

sell all this digital art. okay, you only put a little bit into risky assets. so it was at 53 cents, now it's at a dollar. i'm sure maybe in a few weeks or months maybe everyone's going to be talking about, maybe, so that's a speck speculative situn i'm just putting out there for those who use coinbase. liz: well, phil, you and i -- scott to a lesser extent because he's a young pup -- have watched these markets for a couple of decades now, and i've seen all the flash in the pans, okay? and i believe that this could very well be a sort of a very extended flash in the pan. i'm talking about nfts. i think crypto has a real chance here. but people need to be careful x there really is no substitute for buying into good, quality u.s. companies. or foreign companies for that matter, right? >> i think you're absolutely right from an investor standpoint. a lot of when we talk about

these cryptocurrencies, these fts, what we're talking about there is it's very speculative. you can make a lot of money, but you're going to get burned. we remember the tech bubble, all these companies that came out of nowhere. all you had to do was put dot.com in front of your name, and your tock would go through -- your stock would go through the roof. i even have concerns about bitcoin's sustainability. everybody's talking about it, it's the dirtiest currency in the world. all the energy it takes to produce the bitcoin, to transact the transactions,. [inaudible conversations] in the long one. >> i guess you're kind of in the same camp, right? [laughter] liz: yeah. well, india, of course, is saying let's ban all cryptos because we don't want you mine them and using up all the electricity which is, of course, a big deal in india. hey, thank you, gentlemen, very much. let us take a check of astrazeneca stock. it is sitting at just over $48.

48.62, to be exact. now, it's a gain of half a percent. is that a big deal? actually, it is today because of a growing list of countries, including germany, italy, spain and most recently just a couple of hours ago france have now suspended the use of its covid-19 vaccine after reports that it's causing blood clots in patients. the world health organization did respond saying there's no evidence to support that claim. however, the eurozone is not taking any chances for the moment. the vaccine situation a bit rosier here across the pond. u.s. treasury secretary pete buttigieg earlier this morning touring a vaccine distribution center in landover, maryland, as the race pushes on and forges ahead. the transportation chief also taking the time to say the details on an infrastructure bill would would be in short or. so let's go straight to the white house and blake burman. secretary buttigieg pushing

infrastructure, moments ago president biden promoted the stimulus plan. the question becomes how and who will pay for all of this. >> reporter: yeah, that's certainly one of the many questions, liz, and these are clearly the two topics at the forefront for democrats in washington. we did hear from the president today. first off, he's going to be traveling over the upcoming week as will members of his administration -- pennsylvania tomorrow, georgia with the vice president on friday -- to continue to sell this $1.9 trillion package. and we also learn ared from the white house today that gene sperling, the national economic council head for former president obama and clinton, will be the one to oversee the implementation of the nearly $2 trillion worth of the plan. here was president biden with his sales pitch just a little while ago. >> we can give people of this nation a fighting chance again with relief checks, lower childcare costs, lower health care costs and so much more. that's our job.

that's our responsibility. and in the process, we'll be growing the economy as well. >> reporter: so next up, as we mentioned, liz, infrastructure. again, possibly another multitrillion package. democrats are acknowledging that could mean raising taxes on the wealthiest individuals and raising the corporate tax rate to pay for some of it. the house speaker, nancy pelosi, saying today that -- or saying over the weekend that everything at this point is on the table. >> we'll look at everything. we'll look at the tax code, we'll look at the appropriations process, we'll look at bonding in terms of build america bonds enabled us to do so much in our package under president obama and vice president biden. we'll take a look at those. but again, we want to be fiscally sound as we go forward. >> reporter: liz, there's also been some talk about this idea of a wealth tax the, something progressive democrats have proposed, taxing wealth over a

billion dollars at 3%. the treasury secretary, janet yellen, pointed out president biden didn't propose that out on the campaign trail. the white house isn't really putting their arms around it, but they're saying a determination has not yet been made on the possibility of a wealth tax, something that they say will be discussed on down the line. liz? liz: well, the longer they talk about it means -- [laughter] the longer we have. [laughter] right? i mean, all of us. [laughter] blake, thank you very much. blake burman. i need you guys to look at the nasdaq right now. percentage wise, and i know that's bad english, it's the biggest jumper. it's up two-thirds of a percent of we have the dow up about, just a, you know, tenth of a percent and then the s&p is up a quarter of a percent. but the s&p and the dow hitting record highs right now. lidar is lighting up the auto industry and the stock market.

today no exception. coming up, the company that porsche is using to fulfill its self-driving ambitions just went public today. its stock hit the gas so hard out of the gate, it's had to be halted multiple times today. what must the ceo think about that on its first day of trade? we've got the ceo of ava here next. closing bell, 48 minutes away, and we do have records with the russell and the transports as well. and the s&p. we're coming right back. ♪ ♪ ♪ limu emu & doug ♪ excuse me ma'am, did you know that liberty mutual customizes your car insurance so you only pay for what you need? thank you! hey, hey, no, no, limu, no limu!

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♪♪ liz: well, tesla ceo elon musk has a new title this morning, and the ev giant has officially set in stone with an sec filing. he has been crowned the techno king, okay? and yet tesla still has not launched a fully self-driving vehicle each though musk has talked about for years a custom chip designed to include this feature. could aeva, the most recent lidar company, be the one to make it happen? if not for tesla, maybe porsche

and the phantom apple car that's supposedly coming? just a few hours into its debut this morning, aeva had to be halted due to volatility. right now it is jumping 18.6%. it was founded in 2017 by former apple engineers, one of them joins us live from the new york stock exchange. hey, congratulations on the debut. it's a big day. you guys jumped above 13 at the ohm, spiked -- crazy, right? and a couple halts here. trading is going on and powering higher. as the ceo, how do you interpret what's happened here in the past couple of hours? >> yeah, first, liz, thanks for having me. first of all, it's a pretty surreal experience to be here at the stock exchange today. i think it's a momentous day for aeva but, you know, exciting times for, i think, our industry in general. but it goes without saying that, you know, our focus is on just,

it's easy to get caught up in the excitement of the public debut, but our focus has not changed, you know, invest past month or two months. we're going to keep on working on bringing it to market. liz: i mean, you guys have sprinted from creation of the company to actually going public. you know, it is an increasingly crowded field, lidar which, of course, is light detection and ranging, and it helps autonomous vehicles do what they do. just friday we had the ceo of ouster which had just gone public on friday. i really want you to differentiate yourself for our viewers so they understand how what you do is very different from what the other names in there including the luminars and the mobileyes of the world. >> yeah, happy to. lidar technology, of course, is not a new technology. most of you may be familiar with

lidar out there including oh public companies -- other public companies, it's based in time of flight. and they send pulse of light to measure the distance of objects. our technology actually is quite different from all of that. and the way we work is we have what's called a 4-d light technology, we're calling that, and the fourth dimension is the ability to measure instantly the velocity of every single pixel, and that is a unique capability that no other type of company that's doing 3-d lidar has. it's important because it gives you the ability to understand and detect objects at different distances but also dynamic objects that are critical to the safety of autonomous cars. liz: yes. i would imagine those are humans and cars, etc., that are on the other side of a windshield. okay, so instead of pulse light, sending it out to objects and measuring the distance, you guys do more of an optic effort, and

that is sort of doppler-like? how does that allow for you to measure relossty, let a-- velocity, let alone just an object that's out there? >> sure. instead of sending pulses of lights that typically need to be higher powered, we send a super low, continuous beam of light that's always sending and receiving and then have the ability to, by looking at the frequency of the light, measure its doppler effect. not too dissimilar from now, for example, radars work, but we that in the optical domain. and that measures that velocity. and the other way, actually, i think that we are differentiated is that we have the ability to be free from interference from other sources or light or lidars or the sunlight, which is a challenge for all three lidars. and we have found a way to innovate all that technology into a tiny chip which allows our technology to be small.

liz: yeah. i know you don't have an investment in porsche, volkswagen, so i would imagine you're helping them. what about he's tesla? what about this upcoming apple car? you came from apple. when you were leaving there, were they even talking about an apple car? >> so, look, first, i can't comment on the work that i have done at apple or any end engagements that we may have with customers that are not publicly announced yet. but what i can tell you is a company like apple, obviously, is focused on relentless delivery and high quality products and high technology and really bringing the best. really that's what we are focused on. we're focused on bringing some of the highest capable products with this additional capability and do it in a way that is of high quality and not scalable, and our bet is that as we do

that, all the folk that are looking to bring such advanced technology and the next generation technology to the market are interested or will be interested in lev reasonabling that -- leveraging that. and going through this process via spac with half a billion dollars in initial funding provides us the capability to do that. liz: we'd love to have you when you have big announcements about new partnerships and developments. we find this technology absolutely fascinating. thank you so much for joining us. and, by the way, your stock is up about 21% right now on its first day of trade, so we'll be watching it. thank you. >> thank you, liz. thanks for having me. liz: anytime. extended stay america resting easy, shares of the hotel chain are jumping 13.33% on a nearly $6 billion buyout by new tag team partners blackstone and starwood properties. but merger monday looking for a little bit like manic monday for two of the biggest names in telm

world. coming up, charlie breaks it on the crossed lines between dish and t-mobile that could be leaving some wireless customers tangled up beyond repair. yes, he has new developments about customers. closing bell ringing in 38 minutes. dow is holding on to a gain of 23 points. we're coming right back. ♪ ♪ because our way works great for us! (naj) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (naj) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (naj) we don't have those. (money manager) so what's in it for you? (naj) our fees are structured so we do better when you do better. at fisher investments we're clearly different.

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u.s. money reserve is one of the most dependable gold distributor. liz: the reopening trade is dominatig our pop stocks at the hour after amc today begins reopening theaters in its critical los angeles market after nearly a year of pandemic shutdowns. amc's burbank and century city areas are the first to throw open the doors with plans, as we first reported here on "countdown" on thursday, to open the remaining 23 l.a. properties this friday. you've got amc spiking 24%.

imax is flat, and cinemark moving higher by 7 %. the epic run in viacom cbs shares not showing sign ofs of stopping even after getting smacked by a downgrade from bmo capital kicking it down to an underperform. viacom shares have, quote, run well beyond the firm's newly-hiked price target of $70 a share. right now we're at 96. and their $70 prison target includes $45 for the streaming, paramount plus, and $25 for the core business. viacom cbs up 478% year-over-year. we've got sunny skies for airlines, airport screening levels hit a one-year high this weekend. let's trigger it with united. united's up 8.5%. it's seen improve in new

booking. delta jumping 2.6% after hitting a 52-week high. company says net sales improved 30% month to date compared to the same time period in february. and, you know, you've got american higher by 7.33, southwest saying passenger demand continues to improve as vaccinations increase, so southwest is up 1.7%. you see jetblue and hawaiian also jumping today. okay. last thursday charlie gasparino spurred what has turned into a battle royale between top telecom players that played out live on "the claman countdown." it started with, actually, not him -- [laughter] but the founder of boost mobile and then, there he is, there's peter. then, of course, mike sievert9 of t-mobile, and now dish, the fcc are also jumping into this, is it a donenybrook, charlie? is that the name of the big fight? >> it's definitely a war that's gown on here.

let's unpack this a little bit for our viewers. last year there was a $26 billion merger, one of the biggest in telecom, between t-mobile and sprint, right? did i get that right? t-mobile and sprint. part of that deal to get the regulatory approval, because there's all sorts of trust concerns, charlie ergen's dish, another network, comes in and had to buy a piece of the combined sprint/t-mobile. that piece is known as boost mobile. boost mobile is a network that serves -- liz: prepaid. >> -- mainly low income people. as part of a deal to buy it, it needs to use the network that it does not have. it needs a wireless network, right? so it continues to use t-mobile's network. now, here's where it gets interesting. dish now believes that t-mobile is violating the terms of the deal by throwing the low income customers that it services, about 9 million of them, off its

3g network, okay? what it's basically saying is this, we have been told that our customers, our boost customers, will now be offered 5g and 4g -- remember, faster stuff, faster connections. but the problem with that is that these low income customers need to upgrade their phones. a lot of them are on flip phones. it's going to cost them a lot of money, and that's where this war begins. and what charlie ergen is saying, no, no, no, you told us our customers had at least until 2023 to stay on the 3g network. now you're changing the terms of the agreement. we should point out that t-mobile sources speaking on background, they have no official comment on this, are telling us, nah, there was no such agreement til 2023. we gave them six months. we told them we'll just handle their 3g network for six months, and they can migrate over as we go to 4g and 5g. charlie ergen is now saying --

he put out a statement that says they're violating the terms of the agreement. i will tell you this, we understand the fcc, the federal communications commission, is sort of monitoring this. i'm not saying they're investigating it, they're clearly monitoring it. d work j, the antitrust division -- doj, is probably monitoring as well. and this has a really good chance of ending up in court because it is, essentially, one side saying you screwed us over on the deal terms, you're now screwing over low income customers, and i can tell you a more activist doj and fcc which you have in the biden administration probably does not want that to happen. liz: but, hold on, mike sievert told us right here on t-mobile when said are you having concerns with the fcc, he said, yes, they're turning it to hurry up. this sounds like where people didn't want to trade out because of the cost, but now nobody worries about it.

>> i agree with you. we're under a consent decree to build out 5g. liz: yes. >> okay? it doesn't matter if boost customers get caught in the crossfire. that's what mike sievert is saying. what charlie ergen -- liz: he didn't say it didn't matter. let's not put words in his mouth. >> charlie ergen is saying, no, that's not true. you knew that as you converted to over that boost customers would face price increases because, again, a lot of them don't have iphones, right? they have flip phones, they have less sophisticated devices. you knew that, that's why you had a grace period til 2023. and, by the way, this is a big part of the merger. without this part of the merger, not even the trump administration doj would have approved it. liz: right. >> so this is where you could see the biden administration get involved here, and it's going to be an interesting issue.

we put peter adderton on, the former ceo of boost, and pointed this out. and then you had sievert on and then literally all hell broke between dish and t-mobile. good job. [laughter] liz: that's what they're there for. claman and gasparino just spreading sunshine. charlie, thank you very much. charlie gasparino. all right, check it. we're talking about sports betting. ma madness. oh, guy -- march madness. we've got the ceo of fanduel on that, big games, betting on to olympics, oh, and that ipo chatter. matt king, next, of fanduel. ♪ they have customized solutions ♪ ♪y,

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orders who they will play. players and fans eager to get back to the tournament after it was canceled last season due to covid-19. since game attendance will be limited, fanduel is giving fans the ultimate place to watch. the sports gambling giant opening a brand new sports book venue at bally's atlantic city. it features all the food and drinks a sports fan could dream of, as long as you bet. fanduel's parent flutter is considering listing the company on the new york stock exchange. flutter shares spiking on the news today, adding to what has already been 193% gain year-over-year. so what's going on? let's get the story straight from the horse's mouth, fanduel ceo matt king joining us on "the claman countdown." so are the wheels in motion to spin fanduel off as its own publicly traded stock? >> i'll let other people focus on the rumors, we're just focused on building the best

business that we can. liz: i knew you wouldn't bite, but, you know, i've got to ask you anyway considering draftkings has has been killing, penn national gaming. how do you feel about the autonomy you've been given to run fan tulle? tulle -- fanduel? >> we've been able to take the best of what fanduel did in the u.s. and pair that with a bunch of global advantages that flutter has from being the number one global operator, and that's resulted as the number one sports book in america. liz: your sports book is available, active in ten states right now. matt, how many new states do you see lining up this year and approving online gambling, sports wagering? >> i think you'll probably get 2-4 states that go live this year. you've had states like maryland and louisiana that passed referendums last year by very wide maries to show -- majorities to show the

popularity of sports betting. then you have georgia, massachusetts, ohio, new york that are all considering legislation, and so we think we'll get a subset of those that'll pass. and the great thing about the timing on the sports calendar is every state that passes this year wants to make sure they're ready by football. so we see a number of states coming online before the end of the year. liz: well, sure, what about also closing these holes in budget gaps that the states have seen in some cases widened due to the covid, to the pandemic and all the money that's been lost? don't you think that may accelerate states to approve this so they can get the revenue, and, you know, just 2- 2-4? i think it would be more. >> i think you're absolutely going to see an acceleration in legislation. i think some of it'll bleed over into next year, but you're absolutely right. the combination of the covid fiscal pressures as well as the experience in states like new jersey and pennsylvania where you can see the sports betting

legislation's just common sense, it raises tax revenue and is popular with constituents, means that you have an unprecedented number of states that are considering it. so i think you will see a senate acceleration in the number of -- a significant acceleration in the number of states over the next 12 months. liz: your industry's getting extraordinarily competitive, and so my question to you is this: you all have media partners. mgm, score media, you know, draftkings has turner, you guys have turner as well, barstool has penn national gaming, bet mgm has yahoo!. my question is more about what develops this industry next. when you talk about a nice of some of these competitors, penn has barstool's dave portnoy. i just saw a bet mgm commercial with jamie foxx. do you guys need a face? do you need a spokesperson to juke up and jazz up the

conversation? >> we don't think we do. we think that fans are resonating with our brandment of we're fortunate not just to partner with turner but, obviously, you're a fox bet brand, we're partners with fox, and we think having a portfolio talent is the right approach. guys like ted mcafee who we think is one of the most authentic and popular up and coming sports personalities out there has been a phenomenal partner for us. but our intent is to be a sports brand where everybody's welcome, and that means having more than one voice representing the brand. liz: okay. you've got some games for march madness. and secondly, can you do gaming? can you do wagering on the olympics come summer? >> you will be able to do it in most states, and so we're excited to offer that. it'll obviously be a new experience from the legalized sports betting world. and so as with everything, we're going to have the widest selection of markets as anybody out there, so anybody who wants to get a bet on is most likely

to find that with us than anybody else. of. liz: and i would imagine you've got a whole bunch of offerings on march madness. matt king of fanduel, great to see you. thank you very much. >> thank you. liz: netflix streaming its way to oscar glory, but up next, could the original king of content be pushing theaters closer to oblivion than the pandemic ever did? what larry kudlow has to say about that next. is he going back into movie theaters at some point? and if you run out of movies to watch on netflix, then tune into my everyone talks to liz podcast. on our latest episode, i've got the ceo, jonathan webb. he runs app harvest. he tells us why he gave up his government job to start a controlled environment farm that uses 90% less water than traditional a farming, and he's hiring unemployed coal workers. hear how he went from farming novice, never ceo in his life,

to running the whole show. it's available anywhere you get your podcast. very inspirational story. closing bell is ringing in 15 minutes. we are coming right back. dow is up 60 points, and we've got records abounding here: ♪ ♪ at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones.

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♪ liz: and the oscar goes to streamers. netflix dominating the academy awards this year with 35 nominationsment the streamers, mank, leading the pack with ten nominations. netflix also garnered a best picture nomination for aaron sorkin's trial of the chicago 7. if now, they're not alone here.

amazon studios earned 12 nominations overall including a best picture spot with the sound of metal while hulu nabbed a nomination with nomadland. to larry kudlow. things really changed for the industry when about i think it was two years ago when netflix landed its first best picture nod. do you think this windfall of oscar nominations signals the eventual death of the movie theater? larry: i don't know about death, but they're going to have to spruce up a lot of these theaters and provide better -- more dining, more snacks, better stuff, cleaner. by the way, i love gary oldman, and i also want to say i saw the movie on the chicago 7, and i thought it was really well done. very well done. liz: oh, i loved it. larry: absolutely loved it. liz: it's such a good history lesson for people who weren't

alive around then, but that was a big deal back then. free speech, that whole era. larry: were you there, liz? were you marching in protest? liz: i was about a tiny infant playing with troll dolls. [laughter] but, larry, you know, you're looking at these names like nomadland, i hear it's fabulous, but really a different way for writers, not just actors, but writers, to have new outlets. it used to be just the big studios if you weren't with the in crowd, you couldn't really get your work on there. but this is giving a whole new breath of fresh air and a shot for the upcomers. >> well, i'm all for it. i hope not too many are going to be cancel culture politically correct. i myself prefer spy mysteries, good detectives, cia, mi-6. i love that stuff. love that stuff. liz: oh, i love murder and thrillers and --

larry: i like murder. liz: i am not a rom-come -- larry: i like a couple of really good murders in the first few minutes, that'll get my attention -- liz: disasters. what is better than the poseidon adventure or towering uner if know? kudlow, great to see you. see you at the top of the hour. larry: thank you, liz. liz: eugene scalia, former labor secretary, is larry's guest at the top of the hour. "the claman countdown" coming right back, eight minutes from the closing bell. ♪ ♪ 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. ♪♪ ♪♪ ♪♪ . .

♪. liz: okay. four 1/2 minutes before the closing bell rings. folks, we are on track for records with the dow, the s&p, these are all-time highs, the russell 2000 and the transports. even so that the nasdaq isn't quite there it is still jumping

125 points. when you look at today's session and the pipeline of it is clogged with records today's "countdown" closer says we're still not out of gas yet. greg ike corn a billion dollars under management. craig, how can you tell the market has more room to run? what do you look at? >> primarily value. we don't see the overpricing typical with peaks. we think the market is 10% higher a year from now. we're not seeing that overpricing there are still plenty of bargains to be had right now. liz: you don't buy the theory that p-e ratios are historically higher than they have been? >> oh, we've been fighting that battle a couple decades now. we've been show putting many papers are ratios are u.s. less predicting where s&p 500. people predicting the stocks are

overpriced have been wrong for 12 years now. liz: they have been stampeded. they have missed a huge runup obviously but, all right, now that we've got that established, how much room is left to climb? >> well, we've been tilted heavily toward economically sensitive cyclical sectors and we don't see overpricing there. so the consumer discretionary, industrials, some technology, even financials are still good, 10 to 20% tight moves could happen over the next year. liz: your three picks include diamondback energies. you like extreme networks and kb home, they're on the screen. all three are moving higher today. give me a sense of diamondback energy. how do energy names which performed beautifully very recently look 10 years down the line and the role that they will have in continuing to see some gains? >> well, when the price of oil drops so severely a year ago, people in the oil and gas industry were saying just get us

back to $40 a barrel. we can do okay there. here we are at 70. so when you look at that -- liz: 70, yeah. >> year-over-year earnings forecasts for diamondback, there is really impressive fiscal year one, fiscal year two, year-over-year growth in earnings expected. we don't think it is priced in yet. liz: what about, you know, kb home? because the homebuilders have done extraordinarily well lately and, over, over one year? what gains we have seen. now there is very little inventory so sales have gone down, what do we do about that and where does kb home find that revenue? >> in our valuation equation we find kb homes to be priced about 40% bee lower our estimate of fair value. so certainly not overpriced. still underpriced. and along with the energy stock we talked about, pretty impressive forecast of earnings growth year-over-year for the

next year. liz: extreme networks, ticker symbol extr, give me one line on this. >> well it is small cap and we believe the small cap leadership is very sustainable. it is very sensible for the data we look at. so a billion dollar market cap company that we expect earnings to to grow 20% year-over-year forefive years. liz: craig, listen, we have 30 seconds what will stop this bull market beyond the fed eventually having to tighten rates. >> that would be it. that appears to be a couple years from now. the rising 10-year yield is problematic but not to the level that would hold anything yet. liz: what is that level quickly? 1 point what? >> inflation forecasts are for around two. you would think it would be logical for the 10 year yield to

get up even with inflation. i could see a 2% target on that. that could be a problem. [closing bell rings] liz: okay. craig callahan great to have you and your picks that is the closing bell. records for the dow, the s&p, russell and transports. i will see you tomorrow. "kudlow" is next. ♪ larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. modest but recording breaking gains today on wall street. the dow and the s&p 500 closing at record highs. the nasdaq also closing higher on the day. all right. good. meanwhile president biden today continued his victory lap for a massive $1.9 trillion spending package, a bill that passed through congress without a single republican vote. the president made clear he has more to do. >>he didn't brag about giving checks to inmates. he didn't talk about what taxes he is going to raise. this should have been a targeted