really important things, and i do think tomorrow's going to be very consequential. speaking of tomorrow, tune in right here, fox business, we're going to take the fed decision live. you want to watch me and my special guests. in the meantime, i'm handing it over to my colleague, liz claman. a lot of anxiety today, liz. liz: i don't need to see a special guest, i'll watch you any day, charles. charles: thank you. liz: oh, look, we coordinated. how nice. okay, charles, thank you. [laughter] las vegas. las vegas is opening just a bit wider for business. down for the count at the height of the pandemic, wait til you see what the gambling and entertainment mecca looks like as capacity restrictions just got rolled back in a big way. and speaking of big, the biggest fish on the strip, the venetian, now has a brand new owner. the ceo of the company taking the bet on sin city's return to

normal with a $4 billion all-cash buy. bg properties ceo is here. now, earlier investors were gambling on big tech, pushing the nasdaq into the green, but we're kind of fumbling here. down 17 at the moment. the dow is retreating from its stimulus-fueled records, but should you be buying in what many are calling a bubble i environment? our traders are here with their screaming buys for your portfolio. plus, it's not all about in-person entertainment. we've got the tech company a acting as an envoy for titans of industry in helping to bring people back to the office asap. but first, to our top story, investing in bonds has now become, quote, stupid at least according to ray dalio. the billionaire founder of bridgewater associates taking to linkedin last night saying the economics of investing lately

not just in bonds, but most financial as assets is basically idiotic. he says, quote: rather than get paid less than inflation -- meaning for bonds, right? -- why not instead buy stuff? any stuff that will equal inflation or better. okay, ray, i'm kind of with you, but that's kind of broad. specifically what stuff? well, call the owe believes -- dalio believes asian emerging markets. to our floor show traders. you know, me thinks, guys, he means the u.s. when he says mature and developed countries. but, tom, he said to buy higher returning, non-debt as assets, and he calls them stuff. what stuff are you buying right now that fits into that category? >> i agree it makes less sense to own bonds, but i prefer pockets of the u.s. market versus china for a few reasons. china has aging demographics due to the one china policy from

1979-2015. they're going to look more like japan moving forward. we have a dynamic population, we've got the millennials now are bigger than the boomer, they're starting housing formation. i want to own the u.s. we've done more stimulus, $2.8 trillion this year alone, they're pulling back on stimulus. they're going to have a tightening environment towards the end of the year, we're just going to be having liftoff. so looking at tomorrow with chair powell, inflation break-even, five-year break-evens can 2.51%, and the last time that happened, in 2011, they hit 2.45%, the fed started talking about operation twist. a few months later they did it. so we're going to see tomorrow if chair powell acknowledges inflation risk and talks about options. if he talks about options, you're actually going to get a bid in bonds, interestingly enough, and in high-yielding equities that yield more than the 10-year. we've talked about utilities and staples in recent weeks on your show, they're all up now 5-10%

plus. we think big pharma is next. we like pfizer, novartis and merck. and not only do they have high yields, between 3.5-4.a 5%, they're trading at 13 times earnings versus the s&p at 22 times earnings. we like that bargain, liz. liz: yeah. and all the big names are higher in pharma land. scott bauer, talk to me about what you see as, in re call the owe's words -- ray dalio's words, stuff that gives you much better returns than bonds. >> sure. who am i to argue with ray dalio? however, i agree with tom. u.s., there's still a lot of upside here. so what i'm looking at, liz, in this environment it is very, very difficult to pick an individual stock let alone a sector. but i really like even with the little bit of runup that we've had over the last week and a half, i love the nasdaq space, the qqq, the triple qs. that's where i would put my

money. you're really looking at the entire sector as opposed to just an individual stock or two. so that's one place that i would look for a nice runup even if rates continue to just kind of grind higher. also in the u.s. the cannabis sector. and there's a great etf, again, so that you don't have to just choose an individual stock. the msos etf is a u.s.-based cannabis etf. i firmly, firmly believe that the tip of the iceberg is really just here for the recreational marijuana and recreational cannabis, you know, boom that we are seeing here. tons of growth. and so those are two sectors in specific where you can be u.s.-based and really like the upside. thirdly, lastly here on a more macro basis, i'd be a buyer of volatility in the marketplace. whether that's in the vix or maybe in the -- liz: a ark h. -- ha.

>> because volatility is too cheap. liz: the fear index is only at 19.9. maybe that'll all change tomorrow during this hour when jay powell of the federal reserve explains what he's thinking when it comes to rates. tom, scott, good to see you. all right, we talked about vegas right at the top of the show. once you make those high returns like ray dalio says you might if, would you head to las vegas? you will not be alone. to vegas where yesterday nevada governor steve sisolak lifted casino capacity from 35% to 50%. reports say the strip now appears to be nearly back to pre-pandemic levs, although this shot definitely does not show that. [laughter] completely empty. but, you know, travelers are feeling ready to roll the dice again. talk about rolling the dice, in a monumental move that's lighting up the vegas business world, the venetian, the largest

single hotel complex in the entire country, has a brand new owner. bg properties just spent $4 billion to scoop up the venetian and its 7,000-plus rooms. the real estate investment trust looks to bet on all its chips on a booming vegas recovery but with no guarantee of a full comeback, are they prepared for the wait? here in a fox business exclusive, ceo ed botoniak is joining us live. this was a two-part deal where apollo got the operating part, and they sold you the hotel and the real estate. this is a huge all-cash deal for you guys. why did you go for it? >> yeah, liz, good to be back. we went for it because it simply represented an opportunity to buy what we think is one of the top five pieces of commercial real estate in america. i don't mean just gaming real estate, i mean any and all realize. you referred to the 7,000 rooms,

the 8 million square feet overall, the 2.3 million square feet of convention space making it the largest privately-owned convention center in america. all of this makes it an iconic piece of real estate. and sheldon adelson, i think, will be known forever more as one of the great american place merricks because of the magnitude of he built and because what he built around was the content of americans loving to gather. we love to gather around the work we do, thus the convention business. we love to gather in the way we play and associate. so when we knew we had the opportunity to buy this in partnership with apollo, we could not have been more excited, and we're so thrilled to have executed on the opportunity. liz: when i say huge, huge deal, i mean the size of it for you guys. in 2020 you bought five properties. among them, you had a whole bunch of names in there, and

five casinos, and now you've hooked -- and i know these opportunities come once in a lifetime to get something like the venetian. but you've hooked the biggest fish in the pond. and you had to sell, what, 69 million shares of stock to raise the cash? do you worry that you overextended yourself, or how long can you hold on before vegas comes back 100%? >> yeah. so maybe just a little -- we'll start with the end there, how long will it take vegas to come back. we're already seeing very promising signs. we're hearing this from our main tenant, caesars, other data points that indicate that the american consumer wants to get back, and they definitely want to get back to places like las vegas and orlando. so we're very confident leisure travel to las vegas is going to rebound very strongly starting in q3ment we're already showing, seeing signs, sorry, that convention travel is going to come back in late q3 and into q4. but the other thing to understand, liz, is that we were able to craft a deal with las

vegas sands in which las vegas sands is effectively giving a rent guarantee to us, vici, through the end of 2023. ing. liz: right. >> that obviously, substantially reduced the risk for us. and similarly, they gave vendor financing to apollo. so we feel we've substantially derisked the next two and a half years. and beyond that two and a half years, again, we believe so strongly in las vegas booming back. liz: okay. and you still have about 34 acres of undeveloped land right by the strip. is that on the back burner now, or you still working to put something there and what eventually? >> yeah. right now it wouldn't be a main focus. we're most excited about vegas coming back, and i can't help referring to your prior discussion. las vegas is maybe not only a place to bring the money the ray dalio says you should go make, but we can be a great place to

make money. the price at which we bought the venetian is very attractive compared to any other real estate alternatives. and as vegas comes back, we will, obviously, be focused on the opportunity to maximize the value out of the lands that we own. liz: i'll tell you, i'm watching vegas very closely because that is, as we say, the mecca of entertainment. and if the doors start to open inch by inch a little bit wider, it's going to be, certainly, a wonderful thing to watch. we'll be watching the venetian, right? all rooms are suites, i remember that was the big selling point with the ve e nice. still that whey? >> that's right. that's right. and, again, you're to start seeing the business coming back. world of concrete is a convention that's going to take place in june. again, the signs of life are here. liz: i'm -- is that the porno convention? i've been to ces many times -- [laughter] >> no, no, world of concrete -- yeah, the world of concrete is

what it sounds like, yep. [laughter] liz: the world of concrete. i'm there. i'd cover that in two seconds, e swear. >> okay. liz: ed, it's great to have you. we'll be watching the stock which has had a pretty good move, up 129% year-over-year. elon musk happy dancing his way into the nft market, and wait until you hear what he's auctioning off. plus, why the crypto craze could soon turn into ipo insanity. charlie's going to break that part of the story when "the claman countdown" returns. we're coming right back. dow jones industrials losing 113 points right now. ♪ ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)

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tesla ceo elon musk jumped into the sizzling hot nft or crypto art world. he is selling this digital rotating gold trophy, and i don't know if you can see, there are little doge coin dogs also stamped on that thing -- [laughter] he has also paired it with an nft song about nfts, nonfungible tokens. so there's major money to be made here, and apparently these are now topping more than $1 million for this nft. could all the crypto craze be about to spill over into the ipo market now as digital currencies look to another financial trend, spacs, to help them go public really quickly? to charlie gasparino, what are you hearing about this? we knew this had to be coming, right? >> yeah, we do have some breaking news, but we do also

have other breaking news, liz, that you are going to cover a porn convention? is that a scoop? liz: there's a porn convention every year in vegas except during the pandemic. i heard him say something, and i thought, oh, porn convention. then he told me it was for concrete makers. >> oh. after my second shot, lizzie, i'm going to be in vegas, just let me know when that porn convention is. [laughter] liz: not the concrete one? okay. [laughter] >> well, this is an interesting story here, liz. what we're hearing from our sources is that the crypto craze combined with the spac craze, you know, that's a new, novel way with less regulation to bring a company public, could explode this summer, and we could see a lot of crypto companies coming public this summer. and what's also interesting about this is that robinhood, as you know, the app for trading for no-fee trading has exploded, and the user growth has

exploded. we reported that recently because of the sort of whole gamestop frenzy which is still going on. it's also exploded because of, let's face it, people are trading on its platform cryptocurrencies. so here's what we know. robinhood is weighing an ipo, as we've been reporting. it's kind of on a soft hold. but here's what i hear is going on inside the company. they're weighing whether to change their business model. something to show that robinhood is not just the home for quick trading and gameification of wall street. they're looking to do something that suggests that robinhood can push the notion among investors that it can be used for long-term investing, for people putting together portfolios or stock, for people to be their own money managers. that's what i'm hearing from people close to the company, that they're looking to make this either some sort of a change to the app, the sort of interface of the app with consumers, maybe a pr campaign, but something to show that they

are beyond the gameification of wall street which is what they've been getting hammered on amid the whole gamestop frenzy including during those congressional hearings. you saw vlad ten never, the ceo of robinhood, he was answering questions from maxine waters, the chair of the financial services committee, just on that topic. so it's going to be really interesting to see if this unfolds. obviously, they don't want to blow up what's working. they are making a ton of money, they're getting a ton of user growth. they are poised to go public when they want. they have to go through some regulatory issues, as we reported, being slow-walked. but clearly, if they're looking to make geeks to the business model -- tweaks to the business model, they're looking to do that in the context of going public and being able to explain to regulators this is not just a gambling shop, this is a place where you can do long-terms investing. again, liz, we don't have any set plans for this. this is what i'm hearing from sources close to the company, that they are looking at these

issues. robinhood had no comment, but did not deny anything i said. i ran this entire story by them bullet by bullet. they're clearly looking at the it. maybe they go through with it because they see the regulation, so they need to tweak their business model if they're going public. time will tell. back to you, lizzie, and enjoy the convention, by the way. liz: okay. yeah, i'm there. concrete. cement. >> is that for of a mafia convention? cement? get it, cement shoes? liz: charlie! charlie gasparino. >> i can see that. liz: sleeps with the fishes. [laughter] thanks, charlie. yeah. a jewish girl can say that. there is now some $1.6 trillion in student loan debt outstanding owed by 45 million

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liz: well, a dismal february retail s report putting a chill on some of our pop stocks. saying you're launching an at athleisure line, it's not working today for dick's sporting goods which is falling 2%. they actually launched v e rst to be rolled out to more than 400 dick's store in the coming

weeks, and it's described as a men's athletic lifestyle line. a lot of names like kohl's, gap, under armour are all underwater after february retail sales posted a pretty significant miss, falling about 3%. service that was a surprise drop. on the upside, micron, intel, lam research, they are on a tear this hour as reports are swirling that chinese tiktok owner bytedance is making plans to get into the chip-making business specifically in arm-based servers. chips for those, okay? now, taking a look at how other semi stocks are performing, broadcom moving to the upside, nice moves. after injuring his leg in a car accident, tiger woods is returning to the game. virtually. woods has struck a long-term deal with video game maker take two interactive to create a game

with his likeness. he will also consult with the makers of the pga tour 2k franchise during game development. and can we flip it over -- take 2's up 2.33% -- to fuel sell, the alternative company reported a wider than expected loss and a revenue miss, so they're falling about 9%. let check in on names in the rest of the space like plug power and blink. they, too, are falling. plug down 75%, blink -- 7.5%, blink down 6.8%. could a provision in president biden's $1.9 trillion stimulus package be a pathway toward more college debt cancellation? included in the relief bill is a new law that eliminates penalties for student loan forgiveness through 2025. previously, any canceled debt was considered income upon which you had to pay taxes. senate majority leader chuck

schumer says this is a good start, but he's calling for more saying, quote: we do have more to do. the biden administration and should go further and cancel $50,000. to grady trimble in chicago where the illinois housing development authority's come up, i guess, with quite the incentive for college grads to erase some of their student loans? >> reporter: yeah. and i guess that's good news considering what you were talking about with the stimulus package. basically, you trade one loan for another. if you apply for a mortgage through the housing development here in illinois, they'll wipe out student loans. i'll show you the numbers, anywhere between $1,000 in student loan debt all the way up to $40,000, and they'll even give you $5,000 for your closing costs as well. there are a lot of people who say this is a great program for people in illinois, young people especially. this is a state that's seeing its population decline drastically every year. well, this might keep them here and keep the tax a base here. they'll have to pay their

property taxes, income taxes which is something illinois with an almost $4 billion budget deficit desperately needs. but other people say, you know what? free money is never a good thing, and it's certainly not sustainable if this program grows and gets bigger. listen. >> to give money away it sure might make people want to come to your state. i'm not sure that's the best way to get people to stay. the state should really be paying attention to budget tear issues, right? it needs to get its fiscal house in order. >> reporter: you can see both sides to that. there is one other state that has an identical program to this, they call it smart buy here in illinois, they just start. but maryland has been doing the program for several years, and the governor there, larry hogan, said it went so well that they reuped it. unrelated to this story, i was in vegas a couple of weeks ago, they were talking about that world of concrete conference, and they're very excited about it because it's the first conference back in june.

[laughter] liz i'm excited. i am excited. first conference back, and it is the concrete guys, men, women. no, i think we need to cover that. i swear, i really do, because if it's the first big convention back, that's a story. all right, grady, you'll do the night side, i'll do the day side. grady trimble live from chicago. jpmorgan looking to bring not just workers back to the office, but interns too in both new york and london. but what will the post-pandemic workplace look like? we have the man tasked with getting tech titans including the front office of the golden state warrior back on site in person. closing bell ringing in 29 minutes. the dow down 120. oh, look, the nasdaq's back in the green, up by 18 points. we're coming right back. ♪ ♪

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♪♪ liz: can't believe it's been a year, a year ago workers experienced an abrupt shift as the pandemic triggered pretty much a gigantic social experiment on corporations and their employees. work from home. but now as we start to see the end of the pandemic tunnel, thousands of companies are grappling with preparation for the new office normal. envoy, known for its ipad-based visitor check-in software, pivoted during the pandemic to create a suite of software tools to help companies do it. so now okta the, pinterest, lululemon are among the names turning to envoy to deal with a whole new term, space management. [laughter] envoy's ceo is here on how it can get you to confidently walk

back into the office. larry, welcomement beyond keep -- welcome. what does space management mean? >> yeah, yeah, absolutely. thank you again so much for having me. honestly, space management is really just about, it's multiple sides, but really it's about getting the people to kind of come back in in whatever's most flexible for them and how they will feel most comfortable. we just did a survey recently where two-thirds of people were saying basically they're still worried about covid and going back, and people have a little bit of skepticism s and they want to know if their company's got their backs. so right now it is all about how do we keep people safe and what can we do. they still want to go back, it's probably more of an average of three days a week which is what the data and our customers are telling us. liz: okay. so i want you to articulate what this is you actually do, and you launched a beta version of this. and of all companies and entities, the golden state

warriors tried it out. tell me what the feedback was and what exactly could you do for them and ore beta testing -- other beta testing companies? >> yeah, yeah, absolutely. there's kind of two parts to it. there's the part still in covid and there's going to be the part afterwards when there's more of a flexibility concern. so right now it's all about capacity management, making sure you don't have too many people inside of an office. of there's regulations, safety concerns, that kind of thing. it's around surveying, hey, are you sick? i'm sure we've all seen the questionnaires before. it's around hot desking. they want to make sure they're cleaning them and make sure no two people are are on the same desk two days in a row, so there's a lot more coordination. it's around touchless access and around even sometimes temperature checks. so this is a very -- this is the big thing that we're kind of, our product, envoy, protects that section where it's all

about kind of the safety aspect of it all. but afterwards, once covid is mostly done, it's going to be about flexibility, it's going to be about groups of people going back to the workplace, and it's going to be about it being totally okay for somebody to be in a workplace or a home. and that will bring all sorts of interesting parts, but we're really excited to help companies in whatever way we can. liz: let's talk a little bit about the flexibility of the footprint that people are able to pull off, companies are able to pull off with your product. and, you know, i was looking into it, i was on your web site, and i saw something called book bl desks. so before an employee even gets to work, they can book a desk, and then they can mete out their locations, and then what else? can you do the same for conference rooms? we're already doing that at fox. certainly before the pandemic you could book a conference room. how are what you're doing -- how

is what you're doing different and worth paying for? >> that's interesting. meeting rooms have always been sharedded. it's a shared resources. well, the desks are part of that too. why -- if you were a facilities manager and you are tasked with, hey, we have this office, we've got to fit this amount of people in it, would you be assigning permanent desks to people who are only there one, two or three days a week? you probably wouldn't. and this is where it gets interesting because right now the flexibility and people knowing that they can work from home, maybe they take that no meetings day at home, and that's e nare newhll the theigheigiffec sosoesks auch m m eashble,ea pe ar p poioo co in,ndndheyhey don't don'tustt wa showa sho u to offheic e.al they w wo whowp p n an a ce tha eit ehe t importt fanor lot a lot ohat'soe sinessbusinesss thes theyt to so up to upffice affice androup grf sks ths ths tshesame tame tmllll co in ongn t ot one d s s they workboralatively ly they canth whiteboar a and that'

ere erthe big diffence ies i i w andant's w wee feeleelss really imporly itampnt tooordine l dif dferentntnt things.ngs. theth teeamm shouldd mak me s haveha foodood avail z: i findd itroniroc two of your customers are okta and slack, the very companies who have enabled all of us to work more easily from home. [laughter] that said, larry, i'm just going to throw this out there, do people want to return to work? i know i do, i like that in-person, face to face collaboration, but some people have gotten very used to doing this. steve wozniak, the founder of apple, very famously once said, you know, artists work best alone. work alone. what do you think? what are you hearing? because you have a survey out, and, you know, there are quite a big chunk of people who want to continue with hybrid work or stay at home. >> yeah, yeah, absolutely. i mean, here's the thing, it's like the survey came back that it's two-thirds of people still

want to go back to the workplace. it just doesn't have to be five days a week. it can be three days. and the average that they were saying was three days feels enough to kind of get the different collaborative pieces and still have some days at home where you're focused on the things that's most important for you. and, in fact, one in two people in the survey even literally said they would leave their job if the hybrid working model wasn't adopted by their companies. like, this could be companies literally losing their top talent if they don't provide the flexibility. liz: larry, fascinating stuff. thank you for coming. you have got to cop back because you have got -- come back because you've got 14,000 customers already. so people are getting those wheels in motion to return but in a much different way. thank you so much. >> absolutely. thanks so much for having me. liz: envoy, is the company. apple facing the biggest challenge yet to its upcoming

privacy update. the not-so-shocking move out of china that could derail apple's coming mobile ad. and on my latest everyone talks to liz episode of my podcast, jonathan webb. you guys, look at this on your screen. this is the new farm, right? it's a protected environment. i know it looks like a greenhouse, but these tomatoes have the stamp of approval from martha stewart. jonathan webb is the founder and ceo of app harvest. he ghei up a very big government job to move home to kentucky and start this controlled environment farm, and now he can grow anything no matter what season you're in. you got to hear how he went from never having been a farmer or a ceo to leading this company which is now publicly traded. anywhere you get your podcasts, spotify, apple, you'll find everyone talks to liz.

closing bell ringing in 17 minutes, we are coming right back. don't go away. ♪ ♪

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♪♪ liz: not a great day for the reddit rebels meme stocks. just one day after jumping 25% due to theaters reopening in los angeles, amc is pulling back. it's down about 6.a 5%. 6.5%. and gamestop now down, well, 3.7%, but in earlier trade it was losing 16%. gamestop yesterday closed lower by 17%. so, you know, in the aggregate, you've got a bit of an issue there. gamestop still stands at $211.

we have this fox business alert. apple updating its maps app to include covid-19 vaccination locations from vaccine finder. but it's apple's privacy update that's in the spotlight right now. the financial times reports that chinese tech titans from bytedance are testing tools that could track iphone users without their permission in order to deliver targeted ads to customers. china and other companies have been working to bypass apple's new privacy update which will allow users to opt out of being tracked by specific apps. facebook has also hit back at apple claiming the privacy update is just another example of apple's, quote, anti-competitive behaviors. while apple is up today despite the controversy, we've got it up about 1.3%, ten cent is down 1%.

facebook up 2.5%. but also up at bat, larry kudlow, ready for his show at the top of the hour. larry, you know, china, no surprise, not cooperating with privacy settings. but what do you think of what apple is doing here? you even have u.s. companies saying, wait a minute, this is kind of a sneaky way to shut us out from actually monetizing podcasts and what not that we put up in your app store and on our eurozone. larry: well -- on your phone. larry: well, i don't know all the details of the apple update, but speaking more as a libertarian, i don't really want anybody to have my personal information. i mean, google sounded a few weeks ago, google sounded like they were pulling back from that and that they weren't going to go for individuals, but merely, you know, cohorts or groups, okay, or interest groups. perhaps apple's going down the same road. i basically support that. i know a lot of people in the advertising world do not support

that. but at some point, i like my privacy. and i'm not surprised that chinese companies don't like it because they report directly to the chinese communist party. that's the way it works over there. you know, bad, but that's the way it works. so i sure don't want them to get their paws on this privacy stuff. liz: you know, your guest today, former u.s. trade representative robert lighthizer, did so much. i don't even think he slept for two full years as he was working on the tariff china deal and all of that. so, you know, give me a sense of what you want to talk to him about now and what he thinks of any developments on how the biden administration is dealing with china. larry: lighthizer, by the way, knows more about trade than any living person on the planet, and he taught me everything. and what's interesting to me and where we're going to go is so far, although i basically disagree with biden's economic policies, it looks like i'm in agreement with his china policies, and it looks like

president biden is following president trump's tough on china policies. we just had an announcement from the lawyers at the ustr which lighthizer used to head that court showdowns, the tariffs are legal, the tariffs can be authorized, and i reckon they're going to keep the tariffs on, i like that. and they've been very good in other areas. so my hat's off to 'em. when they're right, lizzie -- liz: great to see you. larry: -- when they're right, i've got to praise them. liz: yeah. larry: when they're wrong -- liz: i agree. and that should be the way it is. right? call it, call a good thing when you see it, call a bad thing when you see it. larry, see you at the top of the hour. larry: thanks, liz. appreciate it. liz: big tech, online shopping, vaccine race, all those propelled hot, hot sectors during the pandemic, and our countdown closer says, guess

what? those three sectors are not done yet, they will still do well. and he's got one single pick for each of the three that he says will give you gains in your portfolio even for months to come. closing bell ringing in seven minutes. dow jones industrials down 102. ♪ ♪ ♪ ♪ it's not "pretty good or nothing." it's not "acceptable or nothing." and it's definitely not "close enough or nothing." mercedes-benz suvs were engineered with only one mission in mind. to be the best. in the category, in the industry... in the world. visit your local mercedes-benz dealer for exceptional lease and financing offers. mercedes-benz. the best or nothing. ♪ ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world,

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tech, biotech and e-commerce, three of the hottest sectors all of last year during the pandemic. today's countdown closer says those same sectors are still best in his class. he's president and cio of hen onand walsh asset management. kevin, you still think these are part of our lexicon now, biotech and tech and all of these other things that we so depended upon during the pandemic. why? >> we do, liz. we continue to see those three thematic areas providing growth opportunities as we transition out of the covid-19 pandemic. and when you combine those the three thematic areas of leadership with the two rotations that are taking place thus far in 2021, those being from large cap to small cap and from broke to value, you arrive at a pretty attractive combination for investors to consider. liz: your names for the sectors,

for biotech it's arena, let's talk about those and then for consumer or online, you like 1-800-flowers.com. so i want to tackle akamai, a longtime stalwart in the industry. but what specifically about this name for tech? >> sure. and all three of these names came from series two. they have a market cap of less than 15 billion, and they provide a secure content delivery platform for media companies and e-commerce firms. clearly, that's of paramount importance now as americans continue to shop more remotely than they ever have before. liz: and then, you know, 1-800-flowers, flws. this is such an incredible story. i've covered these guys for 20 years, i mean, even before they went public. so it's fascinating to see them grow, and they've done a ton the

of bolt-ons, different acquisitions from shari's berries to cheryl's cookies. why specifically this one? >> two of those rotation trades, 1-800 flowers checks both of the boxes. a market cap of just 2 billion and a pe of 18. 1-800-flowers is still relatively attractive in price and, we believe, offers even more growth opportunities for flowers, gift baskets and, of course, gourmet foods. liz: kevin, this time tomorrow we will be mulling what the fed has released. they started their two-day meeting today. how much does a guy like you with $5 billion in assets look at what the fed's doing? >> very closely. and at this point in time, we still think they're going to believe that inflationary pressure remains soft despite what the bond market is selling us right now. what i am interested to see is

an update -- [inaudible] and in the future. perhaps it will be sooner than everyone is anticipating the right now. liz: we'll be watching it. kevin, great to have you. terrific stuff. all right, there's the closing bell. only the nasdaq moving to the upside today. time for "kudlow." that'll do it for "the claman countdown." ♪ ♪ larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. stock markets ended the day mixed and sloppy amidst a lot of tax hike talk from the biden administration. in just a few moments, we're going to have art laffer, the father of supply-side economics, he's going to give us his thoughts on the impact of across the board tax hikes and a reversal of the trump tax cuts. but first, i want to walk through some political logic, or lack thereof, from our democratic friends. they're betting on the