thank you very much. you with always help our investors learn, and that's why we love bringing you on. all right, folks, the market's kind of grinding it out, the s&p was up 10 at one point during the show, we're up almost 30 as i hand it off to cheryl casone. cheryl, over to you. cheryl: i knew i liked you, charles. i agree with you on spacs. we're right there together. charles: thank you. cheryl: thank you the, charles. have a great weekend. we are starting with some breaking news. the u.s. navy if is headed for the suez canal trying to clear the empire state building-sized car go ship that's currently blocking that trade route that carries about 10% of the world's goods. naval experts and engineers headed to egypt to try to dislodge the ever given from the key maritime channel. some economists worry this could disrupt the global recovery by billions. well, oil is a big story on the heels of the suez canal.

as you can see there, your markets, oil is up more than 4%. markets overall are boosted, dow and s&p in the green, nasdaq still in the red and likely will be for the week. cyclicals, industrials, financials all rallying as you've got the dow and the s&p 500 turning positive for the week, and the dow right now is up 201, s&p up 28. meanwhile, thread up is making its public debuted today. the online consignment and thrift store's stock anything but secondhand right now. we are going to talk to ceo james reinhart about his company's big day. and bottoms up, alcohol sales booming throughout the pandemic, but as restaurants and bars reopen, could we see a pullback? we are going to ask a ceo, moments away. well, it is day four in the ongoing saga happening in the suez canal. this has been going on since late monday. this is the ever given cargo

ship that ran aground early tuesday. some authorities in egypt were expecting that ship to be cleared by this weekend, others say it could be weeks. what are we looking at? at least 300 idle ships on either side of that canal. estimating that blockage costing some $400 million an hour in trade, and many companies are already rerouteing their vessels around the cape of good hope, the horn of africa. that adds two weeks to shipping times. i want to bring in our traders right now, todd horowitz and david guilfoyle. todd, you know, if this blockage continues, literally tuesday they were saying, oh, we're making progress, we're going to dislodge it, and that never happened. is this going to affect the global economy? and in particular, goods that are on their way to the united states. >> hi, cheryl. i think at this particular time based on where we are today, which is not fully each anyways -- open anyways, i don't

think it'll have any effect. and certainly if you look at the markets, they don't think it'll have any effect, and oil is down for the week which says that they're not worried. i wouldn't be worried about it. i mean, the markets will tell us if there's a problem, but it isn't a major catastrophe especially because we're not really open yet as a country. cheryl: i think one of the worries though, sarge, is we already had a slowdown in global shipping because of the pandemic, and so we were just starting to see shipping companies come out of this, just starting to see traffic pick up around the world, maritime traffic, to enough of a level to kind of give us some balance and, frankly, get a lot of these continents on the path to recovery. now that seems to be in the question. >> sure. and i think there's a lot that investors can do here to take care. we have a broad global problem. there's going to be an inflationary spike probably that'll hurt europe more than us, but we'll feel it here too.

first, i want consumers to know you're going to pay more for coffee, gasoline, buy toilet paper and paper towels because we're going to run out of that later in brazil. likely medicines and perishables are going to go airborne. so i'm buying those for my own account. i think that's probably something that's not the worst idea that an investor could have, and i think pricing power is going to revert back to marine transport. i put north american tanker which is a less than $4 stock, but they do pay a dividend, they're going to have pricing power at least for the short term. it's definitely a short-term trade. cheryl: there's always a play when news events like this happen, sarge, you know that so well. all right. i do want to go back to you, todd. we did get some inflation data this morning which was nice to

see. i know you watch those numbers as well as income and spending which was a little off but not terrible. as these stimulus checks are rolling out again from that $1.9 trillion stimulus package, i would think, todd, that basically this would be a good market signal. >> well, i mean, aye got to say -- i've9 got to say, cheryl, these stimulus packages are a joke. the way that we track innation today is so antiquated that it's absolutely a joke. because we're a service economy that we don't use food and energy which are the two main components of a service economy. so, you know, they continue to tell us we can't meet our inflation targets. if you ask me, we're having almost -- we're getting closer to runaway inflation, and your bills are going up, and this money is nothing. we need to get backing to work, and that'll be the resolve and help. if we don't do that, you can see some crazy things including

stagflation. cheryl: the vaccine rollout is going to be another huge factor. sarge, last word. >> hey, listen are, i agree with my counterpart here on the validity of all this deficit spending. however, hey, this is the economy we're dealt -- [audio difficulty] so let's make some bucks. cheryl: all right. steven, todd, i got everybody's nicknames in today, so that's good. [laughter] good to see you guys. maybe we'll see each other in person soon. >> thank you, cheryl. cheryl: all right. well, as shipping struggles, the airline industry is preparing for takeoff with all major u.s. airlines adding new routes in just the past few weeks. airline companies are expecting a rise in leisure travel, but will we see air travel numbers return to pre-pandemic levels anytime soon? grady trimble joins us live from chicago's o'hare airport.

grady. >> reporter: cheryl, it might take a little longer for work travel to come back, but already today -- not so much right now, but earlier it was quite busy, the busiest i've seen it since the pandemic started, and a lot of this is leisure travel. spring break is right now, and a lot of people are peopling comfortable getting on a plane once again. because of that, all of the major airlines are adding routes. as you mentioned, united the latest to do so. these routes will start at the end of may, and you can see where people are going this summer or planning to go. a lot of people heading down south where the lockdowns respect as strict in florida, georgia, south carolina. people going to places in new england like portland, maine, and then out in the mountain west, bozeman, montana, is going to be a popular destination this summer. we've been talking to travelers, and they do tell us, you know what? the i'm vaccinated or my loved ones are vaccinated, so for the first time in a long time i feel like a burden is lifted, and

it's safe to go see them. listen. >> big weight, man. i mean, you know, when you feel like you're safe when you're traveling, you don't feel like you have to be as careful of, you know, if you make a mistake, you're not going to be as affected. it's been huge for me, and i travel for work all the time. >> reporter: and the numbers reflect that sentiment there. if you look at the past 15 days, all of them more than a million people have gone through tsa checkpoints. look at the numbers from just yesterday, 1.4 million people crossing through tsa checkpoints. you asked about pre-pandemic travel numbers. not quite that when we were seeing more than 2 million people every single day, but way more than a year ago this time and even more than six months ago if you compare that to yesterday's numbers or the past 15 days' numbers. so some, finally, promising news for the airline industry, cheryl, in what has been an extremely challenging year for them. people are planning again. do you remember that feeling? [laughter] cheryl: yeah.

sort of. but i will tell you, every time i've been on a plane in the last three months, they've been packed. i don't know if that's because of less capacity or if it's because the rise in supply. >> reporter: well, that's what it is, they cut so many routes because the demand wasn't there, and so any plane that you were on practically was full. but now they're adding routes back, and so you might get lucky and not be on such a busy plane. but also, you know, the number of people flying is going up too. cheryl: masking up, that's what we do now. grady trimble live at chicago's o'hare airport. well, the quarantine getting many through the pandemic. a year later, is the spirit for cocktails drying up? the surprising stat on alcohol sales you have to hear, and what the woman behind malibu and jamison makes of it it all. the ceo is here. closing bell going to ring, we

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cheryl: well, for the first time since e pandemic started one year ago, americans are drinking a little bit less. a new report from nielsen shows total retail alcohol sales fell nearly 2% in the week ending march 13th with wine sales in particular dropping 8%. but could this dropoff in direct sales to consumers actually be good news in disguise as americans appear to be trading in their zoom happy hours in favor of favorite restaurants and bars? here to look at the spirit of the alcohol interest is the ceo of pernod ricard. it's great to have you on the show. >> cheryl, thanks for having me on. cheryl: what are you seeing out there? this is one week, according to nielsen, that we saw a drop. but seas for the last year -- sales for the last year jumped exponentially, especially march of 2020. >> yeah, i've got to tell you this last week particularly, cheryl, that you're talking

about, think about it, a year ago people were kind of stocking up. we were in that stock thing-up kind -- stocking-up kind of phase. yet we're still pretty much stable a year later. so, you know, we're seeing a lot of people, you know, come into trying to have good times together, so we've seen trusted brands in the spirits industry do really well like our brand jamison. we've seen cordials really skyrocket because people are making cocktails at home, things like malibu and kahlua. cheryl: anne, stand by for just a moment. i want to just show our viewers really quick that we've got the president now departing marine one. this is at joint base andrews at this very moment. he's heading to wilmington, delaware, for the weekend. just want to give some news that we just got in real quick here of before departing the white house, the president confirmed to reporters he plans on inviting both russian president veteran's day vladimir putin --

vladimir putin and chinese president xi jinping to the climate summit april 22nd. so president biden making some news and basically confirming that that meeting, that climate meeting is going to be underway, going to be happening next month. he also told reporters that he just got off the phone with british prime minister boris johnson, and he also spoke to several members of the e.u. yesterday. not sure what the topic is. have a feeling it could be covid and the vaccine rollout. and he also made a comment to reporters right as he was leaving the white house about the georgia election law that just got passed. he called it an atrocity and said -- he made a comment, basically, give me a break. anyway, wanted to give everybody a sense of what the president saying and, again, breaking news. he did confirm that he will invite china and russia to the climate summit, and there is president biden, joint base andrews, and he is boarding air force one. anne, thank you for being

patient with me, i wanted to get that news out to our viewers, but now we're going to get back to -- i mean, it is friday, right? it's one of those days -- [laughter] probably everybody wants to have a drink at this point, right? especially after of the year we've had. but there's a couple of interesting things i want to talk to you about. first off, the hard seltzer sales, we've seen from some of your competitors -- anheuser-busch in particular -- they're really showing the competitiveness and really starting to push those hard seltzer drinks to the younger consumer. are you seeing that trend as well? >> absolutely. i mean, i think, you know, hard seltzers is a booming segment. a lot of interaction with beer more than spirits. but, you know, a lot of the young consumers like that lower kind of calorie count, their ability to kind of have fun throughout the day so, yeah, we're absolutely seeing the same trend. cheryl: what are you hearing from your customers in the restaurant and the bar industries? industry. because now we've got these

reopenings happening across the country, what does that mean for pernod ricard? >> let me tell you, it's huge for us. they are the backbone of our industry, and them opening up again in safe ways is wonderful for our business, it's wonderful for theirs. you know, at per pernod ricard e believe in the fact that people coming together is why, or you know, we're in business. so having people come back into bars -- think about the jobs that are coming back. i mean, it's fantastic. so this is something that we're very excited about. cheryl: what about sports? in particular, live sports events. i mean, again, something that the spirits industry depends on heavily for revenue. what does that mean for you? >> bigtime. i mean, i'm telling you, whether it be sports venue, hotel venues, you know, all of this is really important business to the entire industry. so finding ways to come back in safe ways, right in that's the key right now. and the more we can do that and have more people open up, the better it is for everyone.

cheryl: also pernod ricard is a global brand. you're the ceo, obviously, of the usa portion, but we're talking about a $50 billion global brand, the second largest spirits company in the world. whatwhat are your colleagues tag to you about, about what's happening across the pond, whether it's in europe or asia? how are those sales channels doing right now in. >> you know, it's the same issue everywhere, when can the on-premise bars and restaurants open. it's such an important part of of our business, our travel business as well. and i think the faster we can get people vaccinated, the better it's going to be for the industry. cheryl: and before i let you go, just because you and i have known each other through fox business for so many years, you were at pepsico, you were at sc johnson, you know the consumer. the consumer has always been your customer and your business. how is the consumer right now this. >> i'm telling you, we're seeing more confidence in the consumer. i think that this latest stimulus package has really given people more confidence.

i see hope right now from the consumer. and so that bodes well for a lot of categories including our own, and so we just gotta keep this going because it's better for america, it's better for business. cheryl: ceo of per node ricard -- pernod ricard usa, please come back soon. >> absolutely. thanks, cheryl. cheryl: thank you. well, i have a question for all of you at home, what do you do if you can't go on a cruise or fly to the bahamas? how about buy a boat? and the covid-fueled sailing boom is showing no signs of ebbing. ashley webster got the best assignment of the day. he is going to take us aboard the red hot sector at the palm beach international boat show. that is coming up next. look at that sunshine. closing bell is going to ring, we have got 40 minutes to go. the dow is actually trending higher right now, we are up 231. dow and s&p on track to end the week higher. we'll be right back.

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♪ cheryl: it has been smooth sailing for the boat industry during the coronavirus pandemic. sales hit a 13-year high in 2020 thanks to an increased interest in outdoor activities. but could choppy waters be ahead? [inaudible conversations] cheryl: ashley webster is live, he's got the best assignment of the week. he's at the palm beach international boat show to answer that very question. oh, we're having -- you know what? we're just going to show you some pretty pictures because we're having technical difficulties with ashley. i can hear him, which is usually a good thing. all right, ashley, we'll get back to you. we've got some other news, we've got our fox business brief right now. the global chip shortage now hitting chinese ev maker nio.

the tesla rival suspending production at one of its points for 5-14 days due to issues with its semiconductor supply. the shutdown also forcing nio, to revise its first quarter delivery forecast. and as you can see, it was down premarket when this the news broke, it's down almost 3% right now. -- 8% right now. also we keep tracking this stock, it's on the move again, viacomcbs and discovery are two of the biggest laggards on the day and actually for the week. right now viacom down more than 27%, discovery's down more than 27%. analysts are growing pretty bearish on fears that both stocks got too hot, too fast. both media titans are down more than 50% on the week. all right, let's look at some green on the screen. l brands opening at a 3-year high after raising its first quarter earnings forecast on stronger performances by both

victoria's secret and bath and body works brands. the stock right now, l brands is at 3%. all right. great news, ashley webster is back. you know, like i said, ashley, if you can hear me now, you definitely got the best assignment o. week -- [laughter] difficulties aside. >> reporter: there can be no technical difficult des when you're in this environment. you've covered these events before. but here i am. how about this infinity pool? it's on the front end of a luxurious yacht. okay, so it's small, but who cares? you've got a giant luxury yacht, for crying out loud, and in front of it you have the master bedroom. you can look out and see your pool. they're up to 800 boats this year, anywhere from $10,000 for a jet ski all the way up to a luxury yacht that would be $70 million. i want to give you some more stats about the booming sales

industry in this mar, in the boating industry. take a looked at this, $47 billion in 2020, and it's not slowed down this year. that is a and-year high -- 13-year high, by the way. of that, 310,000 paddle -- power boats were bought. and i'm going to go downstairs, if we can make our signal work. i'm going to come downstairs and, hello. hello, hello. here we are. i guess you could call this stateroom. it is absolutely beautiful. the kind of luxury you would expect at the pall beach international boat -- palm beach international show. let me bring in constantino, you're chief executive of the sorena 88. how much does this go. >> >> 9 million. >> reporter: only $9 million?

this is a steal. how's business? >> business is phenomenal. the boat show's been great, we have a great number of visitors, and there's a lot of excitement around this boat. >> reporter: in fact, i should point out, cheryl, this boat we're standing on has already been sold. how about that? so we're being very careful. no nicks, no bumps, no marks, otherwise we're in trouble. why do you think sales are so strong? >> well, people are thirsty for life. they want to go out, enjoy life, make the most of it. >> reporter: all you need is a big bank account. >> well, you know, not always. you can start with a smaller bank account, but if you want something like this, obviously, your bank account needs to be a little bigger. >> reporter: thank you very much for letting us -- okay, my bank account isn't big enough, but you know what in there are 100 million americans, by estimates, cheryl, that go boating. and 61% of those have an annual household income of less than $75,000. so you can do it on a budget, and, you know, sales have been

booming because not only for the thirst for life, but you can be outside, you can be socially distanced. you go out on the ocean, on a big lake, what better way to spend your day when you're trying to avoid the lockdowns we've all been going through? for boating, it's been a kind of boom, to be honest with you. and you can feel the crowd and the boats, people are excited. cheryl: yeah. it really is, again, you're right, i've covered the one in miami last year on fox business, and it was thousands of people every day, and they were buying. i mean, they were spending big bucks at that boat show, i remember. >> reporter: well, i've got the company credit card, and as i told neil cavuto earlier today, i'm a bit of a compulsive spender, so this could not end well. [laughter] cheryl: nice working with you. [laughter] ashley, great job. [laughter] thank you very much. great job. that was good. those boats are always gorgeous.

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nasdaq with more on why investors should bet on the sendhand retail uptick. congratulations on the debut today. >> thanks. a lot of hard work. cheryl: yeah. it's been an interesting year in general, to be clear, you do secondhand clothing and and accessories and shoes, but it was a kind of a daring move to go public considering that we're still dealing with the pandemic out there. >> well, or yeah, you know, we founded the business in the recession back in 2009, so it only felt appropriate to go public amid a pandemic. you know, but the trends that we're seeing in our business, it's been incredibly resilient through covid, and i think 2021 is going to be a great year for apparel retail theres as people get the vaccines and get back out in the world. this is a great time for us to be out on the public markets, you know, given where we're headed. cheryl: well, poshmark went public at the end of january,

and i thought it was interesting, you listed walmart as a competitor, but you had a deal with walmart in the past. just on their site, correct? >> yeah, yeah. no, we don't think about walmart as, you know, we probably compete in some areas, but we power their retail experience online. you can shop, actually, millions of thredup items on walmarted today. i think walmart has been a great partner to us, and as we think about are where we're taking our resale strategy forward, i think walmart's a good indicator of what people can do on our platform. cheryl: to be clear, even though it's secondhand, say i wanted to put some clothing on your site and i could sell it through your site, that's a service you offer, but are you working with a lot of other large retailers? >> we have some retail partnerships, you know, we work with, we've worked with madewell, the gap company, reformation, walmart you know, but our core or business is the core marketplace. we help sellers conveniently

clean out their closet and help buyers find great brands in a sustainable way. cheryl: and i was mentioning in the introduction sustainability. and that is something that we're seeing with the younger generation, the younger shopper, retailer. they want things that are more sustainable, and that's kind of a climate story, correct? >> yeah. i think if you look at the data on gen-z, millennials and the things that they care about, we saw it even with the last presidential election, you know, people caring about climate. and i think, you know, the ability to shop secondhand, sustainable things on thredup, it really fits into that narrative. cheryl: so what is next for you all? right now you've got, again, i mentioned this, you've got women's and children's apparel if, shoes, handbags, but now with this valuation and the stock jumping, obviously, the profit that you've made now as a company, how are you going to reinvest that? what's the next step?

>> well, look, the resale industry is growing 25 times faster than traditional retail. this is a huge market. and women make up 85% of the industry, and so i think, you know, where we're focused is continuing to invest in the infrastructure and the technology to help, you know, process, you know, more and more high quality clothing, put it online. so i hate to say it, we're going to be probably pretty boring and stick the to the things that have gotten us to where we are today, stay focused and really try and dominate this market over time. cheryl: even with the fact that -- because you priced out at 14 a share, you're at 19 and change a now. you would have had a valuation of $1.27 billion. again, that's why i saiden congratulations, but now you've had higher interest than that. i mean, i'm assuming reinvesting in technology might be a future step for you. >> yeah, for sure. and, you know, i think it's just one day, and we're really focused on the long-term opportunity here. again, i think the market is so big and the customer demographics are really moving in our direction, and i think

the combination of those two things, you know, makes us pretty ambitious even on a day where i feel a lot of gratitude for taking the company public, i'm probably more ambitious than ever. cheryl: well, again, congratulations. >> thank you. cheryl: it really has been a strong debut for your company today. james reinhart. >> thank you. cheryl: well, coyote ugly, facebook finding itself at the center of the immigration crisis that is facing our country as a senate delegation is making a visit to the border right now, live. we're headed to the lone star state when "the claman countdown" comes right back. dow is up 255 points. ♪ ♪ my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it.

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♪ cheryl: well, the controversy other forced labor in china now engulfing burberry. the u.k.-based retailer saying its well known tartan design sign erased from a popular video game overnight, and a well known actress' management company thas accused the retailer of not taking a clear stance on sourcing cotton made in the home area of china's uighur population. burberry right now, as you can see on your screen, fractionally down. somewhat well, desperately, chinese tech titans baidu and vip shop all sliding on reports that goldman sachs has put up large blocks of its shares in the companies for sale. the move coinciding with the sec's adoption of new delisting measures for foreign firms that don't comply with u.s. auditing

rules. baidu down more than 10%, v ip shop holdings down more than 6%. well, we've got some breaking news here at home to bring to you. you are looking at a live shot from mission, texas. this is the texas/mexico border where at any moment senator ted cruz and more than a dozen republican senators are going to be holding a news conference after they took a tour of of the southern border. this coming as one of silicon valley's biggest names is being dragged into his own immigration controversy. facebook now being accused of turning a blind eye to posts or groups that are giving tips on how to sneak people across the border. edward lawrence has that story from the nation's capital. edward? >> reporter: hey, cheryl. yeah, senator mike lee says the cartels are making $14 million a week bringing undocumented immigrants across the border. to find more people, the coyotes turn to social media. facebook ceo mark zuckerberg

very defensive when republican lawmakers pointed out there are facebook pages and instagram posts that promote taking people across the u.s. border for a price. listen. >> congressman, that's against our policies, and we're taking a lot of steps to stop it. and, again, let me just say that i think that the situation at the border is really serious, and we're taking it very seriously. >> i hope you look into this, these reports that your platform is being used by these traffickers. this is something we need your help with. i hope you feel a sense of responsibility, sir, to help us with this, because we certainly need it. >> reporter: and representative buddy carter asked zuckerberg if he feels complicit in the crisis at the border. the message went out on social media fromuate biden that in the first -- from candidate biden, that the border was open. last month customs, border protection agents encountered more than 100,400 undocumented

people at the border, a 174% increase from february of 2020. the number of unaccompanied kids also mirrors that percent increase. cheryl? cheryl: yeah. and the numbers don't lie. ed lawrence live from washington, thank you. ♪ well, the infamous wework ipo coming to a conclusion, larry kudlow shares his insights on the space. closing bell ringing in 12 minutes, we are almost at suggestion highs for the dow, s&p and dow looking to close the week higher. we'll be right back. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa (deborah vo) i was hesitant to get the hearing aids

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mom and dad left costa rica, 1971. and in 1990, they opened lrazu. when the pandemic hit, pickup and delivery was still viable. that kept us afloat. keeping our diners informed on google was so important. the support from our customers, it honestly kept us going. i will always be grateful for that. ♪ 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 ;) ♪ cheryl: we we can working it out after an implosion of its ipo. now heading to the public market

via the spac wave. the value, of course, much less than the nearly $50 billion attached back in 2019 due to softbank's backing of its company. bowx is trading more than 14.5% to the upside. let's bring in "kudlow" host larry kudlow. i my question with these spacs is it's probably great for the person who's got the spac or that's doing the market debut, but is it really good for the average investor? larry: it can be. i mean, it's a cheaper way of going pluck if, and you've got a lot of -- public, and you've got a lot of experts this these spacs doing the work. i mean, there's a reason why people are going there, and i don't -- you know, every time something good happens, business media, all the media tries to jump on it, oh, it's too speculative, it's a bubble. it's not a bubble, it's just good corporate finance. it's easier to do, and as i say,

it's cheaper for the end companies who want to go private. look, here's the thing, we are in a boom, and it's becoming a global boom. i just want to make this point. whether they're spacs or typical investment banking or whatever, the u.s. is in a boom, it's because of the vaccines which i think jumped over 90 million today. 2.8 million daily rate today. so that's reopening the economy. even restaurants are reopening. i went out to eat last night in new york. meanwhile, that boom is spreading. china's booming, asia's booming, it's all a v-shaped recovery, and thousand there's some evidence that europe -- now there's some ed that europe is booming. i think they're having a comeback on their vaccinations. whatever type of investment banking you want, the best thing that could happen is you get a lot of new companies, you know, get 'em public, allow investors to pick and choose.

don't be afraid of it. i think it's terrific. it's a sign of recovery. cheryl: one of the things that's moving higher today, luckily, is financials. that's the fed basically saying after june 30th dividends and buybacks are back for the major financial firms. so -- it's a market positive, to your point. that's good. larry: i think it's great, man. we're coming along here. [laughter] we don't the node stimulus, tax hikes, i don't need green new deals, all i need is vaccinations and reopenings of good restaurants. cheryl: all right. i want to be invited next time. larry kudlow, thank you, sir. larry: if you pay. cheryl: his special guest today, republican congressman kevin brady of texas. "kudlow" at 4 p.m. eastern right here on fox business. all right, well, closing bell now going to ring, we have got exactly 5 minutes to go. we're sitting at session highs right now. i had some numbers all ready to roll, and all the markets just went above the numbers. the dow is up 313, s&p is up 46,

nasdaq is up 90 points. dow and the s&p are going to close the week at this point in the green. nasdaq not so much. it's been a rough week for the nasdaq. a lot of that was the treasury yield story which has kind of abated today, so we'll see how this shapes up for next week. biggest dow gainers are cisco, hp and irk bm. the dow -- ibm. the cow's big -- dow's biggest laggards, boeing, nike and goldman sachs. as you can see for the week, nike down more than 3.5%, and goldman is down more than 5%. well, it is a stock picker's market says today's countdown closer with a lot of stocks reaching levels that can't be justified, but she has the enterprising picks she says are just ripe for your portfolio. iowa a da ad -- ada adams joins me now. great to have you here. >> thank you.

cheryl:ing you do say it's a stock picker's market, and i agree with you, but how carol does the average investor have to be? -- careful? the economy is recovering, the vaccines are rolling out, bars and restaurants are opening up to americans, that's a good thing, but that means that a lot of these stocks are still going to be maybe overvalued. what would you say? >> yes, i agree with him. so, certainly, it's a good thing, but we have to remember that we -- dropped significantly. some of those are negative year to date. value companies, we're seeing some of them trading at an all-time high even though some might have bankruptcy risk and weak financial statements. so we have seen a reversion with overreaction in both growth and value, and investors are have to be very careful going back to traditional, fundamental metrics, future growth of revenues and earnings and try to uncover the diamonds in the rough.

it's not -- [inaudible] different indices, it's a stock picker's market, and investors can raise rates of returns from traditional benchmarks. cheryl: so if i don't have growth which is a lot of those big technology names that performed well in 2020 despite the pandemic, some of them because of the pandemic and it's not a value play, then what is it? >> so it can be technology again but with good price to earnings ratios. two examples can be business in the advertisement area. very good price to earnings ratio, 14, and the best benchmarks in the industry. it also has a dividend yield of 4% in addition to the stock appreciation. also oracle is another name. oracle, of course, it's a well known name. billions in revenues. one-third is actually profit. again, high dividend yield of 2% in addition to the stock

appreciation, it's much better to target these names rather than the volatile the names or go to cash where you have 0%, near 0% or fixed income where, again, we might see interest rates rise, creeping up and then prices going down. cheryl: and, you know, one of the things that we've been -- i think our viewers have been really watching is this threat of tax hikes, whether it's the corporate tax rate going up to 35% or if it's taxes going up on wealthy americans, even those making 400,000, that's a possibility. does that wore arely you from a market -- worry you from a market perspective? it does mean people are going to have to start worrying about their portfolios. >> definitely, if you -- [inaudible] you're taking away the incentive they have to create more jobs, invest more in research and development, in the future of our economy, the growth of the

company, proper decline in equipment. and on the other side we also will have more companies leaving the u.s. they'll have an incentive to move to tax havens such as we are knew da, au -- bermuda, uae, and all this has a multitier effect. the more people you hire, the more money you have to spend in the u.s. economy, but now we're reversing it. we're going the opposite direction. cheryl: i've got about 20 seconds, but is there one risk that you can identify for us? >> the main concern is the growth of this company is entrepreneurial companies, and without entrepreneurial companies, keeping technology and growth and supporting bureaucracy and regulations, unfortunately, this is the biggest trend our economy can see. cheryl: e va, thank you very much. guess what, folks? record territory for the dow. we are setting a new record for

the dow jones industrials with this 469-point jump. we have gone 100 points higher literally in the last three minutes. that is the bullish. that is what happens. we've got the fireworks for you. the dow closing at record highs. that's doing it for "the >> hello everyone welcome back to kudlow i'm larry larry stocks today close out the week on a high the dow s&p 500 nasdaq all finishing up on the day. the market is very bullish we'll get to that later. but we begin tonight with breaking news from the white house if. president biden apparently will invite russia's vladimir putin and china xi jinping for a round of global climate talks. here's the president. >> to the climate summit, i haven't yet but they know they're invited but