top ten holdings, arc innovation, you really see that a company like coin fits in because we're looking at the ecosystem for commerce in the future, and a crypto-based company makes a lot of sense for her. charles: we've got to leave it there. as long as you give it in your vote of approval, i line it too. it's a fantastic session, and i think this hour -- last hour's going to be even more so. liz claman, over to you. >> dow 34,000 is here, charles, but with now 59 minutes left to trade, can it stay here? the record day on wall street unfolding in this final hour courtesy of blockbuster retail sales numbers and jobless claims which actually hit the lowest level since the pandemic began. so end keep your eye on the dow jones industrials. it's up to 34,006. and the s&p, that's a record too. we only need to be up 16 points,

we're up 4 is. so with march retail sales crushing it, is the retail ice age set for a they, and are teenage consumers holding the blow torch? the ceo of teen fashion powerhouse chain rue 21 is here on the new slice of the teen buyer pie that he's now going after. coinbase's debut yesterday bringing crypto closer to the mainstream, but wait til you see it's doing not for bitcoin, but for ether. so why are coinbase shares treading water at this hour? another catalyst maybe? activist ceo michael wolff is the trend spotter out there. he's going to tell you which companies could do the trick for making crypto mainstream. and while, yes, coinbase did do public yesterday, hundreds of people already owned private shares of the stock, for in some cases years before it went public. same with air air bn, and and virgin galactic before they went

public. we're about to introduce you to the countdown closer whose fund helps you crash through those locked boardroom doors before names like robinhood and spacex go public. consumers went clothes and car crazy in march, pushing retail sales to their largest in ten months. top line number, okay, a leap of 9.8% propelled by a very incredible spike of 15.8% in auto sales while apparel sales pulled off a high jump worthy of the olympics, clocking a gain of 18.3%. both far outpacing estimates. some of the biggest movers today, let's look at tapestry. that's seeing a gain at the moment. tapestry up about 2%, lowe's up 1.5%. all of these are in that retail, you know, ecosystem here. you've got costco up by 1.5%. but then we also got great earnings from the big banks,

bank of america and citi book as well as. as -- citibank as well as schwab. certainly, at this hour we are losing steam for bank of america and charles schwab, both down more than 3%, which leads us to wonder right now has the reopening already been discounted in most stocks? let's bring in our floor show traders, louis-and-a-half leer along with steve sarge gill foil. -- guilfoyle. gentlemen, what about that question? louis, let me can you this, have markets just kind of brushed off the reopening and said, yeah, we know about that, what else have you got for us? >> well, i think the key is you want to see the velocity of money improve. you don't want this to be a one-month wonder. and i can tell you that sporting goods sales are up even stronger year to date, clothing was even up stronger than was reported in march, autos are even stronger. and these were the top three

categories in march. so this is sustainable as far as i'm concerned. liz: okay. we can start throwing up some names here. yeah, we see the big box retailers. and, again, it's the a mixed picture. none of these are really spiking right now, sarge. what does this tell you? what is the message when we have such an amazing retail sales number and yet nothing too great except the onliners are looking strong, shopify, amazon, ebay. >> my counterpart is absolutely right when he mentioned velocity, and i actually have concerns there because we had $350 billion in biden bucks sent out to the public in march, maybe a $55 billion increase in retail sales, so there's $295 billion that went someplace else, that went to savings, investments, they paid down dent, they paid back rent, something like that. they did not go into demand for credit. so although the banks did well in many places, they did not see increasing demand for credit from small businesses or from

individuals which is actually, actually it plays into jay powell's transitory narrative. because if we don't have -- if all this money that's been created, this manufactured fiat, ends up on balance sheets, it doesn't end up in circulation. and we' what we saw with bernanke and yelpen, a failure to create inflation after this transitory period. liz: yeah. then, louis, what's the trade? what do you love that hasn't seen such an incredible runup but still has a pretty long runway? >> anything that has great earnings. williams sonoma would be a good example. they've been doing great. they own, obviously, have all the fancy cooking utensils everybody's buying, they also bought pottery barn, that's doing well. sporting goods are the strongest. be honest with you, that's the gun sales. so those companies are doing pretty well. one of my gun retailers,

sportsmen's warehouse, has already been bought out. their same-store sales were running over 40% year-over-year. but i have other ones that are still good that could also get bought out. liz: yeah. and, louis, as we look at the dow winners here, does this surprise you, you know, united health group, amgen, salesforce, visa, apple? >> those are all good stocks, but the market's been rotating. we've been in this -- since september the market has been in a mean reversion rally. so the stocks that did the worst now are doing the best, and a lot of people think that's a value shift. but we're all going to sort that out here in earnings season, and i suspect -- by the way, this is going to be peak sales and earnings momentum. we're going to have easy year-over-year comparisons all year, but this is as good as it gets. let's let these earnings come out, drop kick the stocks and i think sort it out.

liz: sarge, yes or no, will the dow call above 34,000 in, let's call it 54 minutes? >> i think it will. and if i can get in on the stocks, you want to buy stocks that are down today the, you want to sell stocks -- i'm sorry, i'm selling nvidia, moderna, i'm buying viacomcbs, the names that credit suisse is trying to get out of, basically because i know them to be poor traders, and i'm taking the other side of the stretch. [laughter] liz: nice swipe, i like that. louis and sarge, great to have you both. thank you so much. we still have to pass on this retail story and take a deeper dive. take a look at these three names, abercrombie & fitch, gap and american eagle outfitters. for the greater part of today, they've been trading higher and still continue to do so by more than 2% apiece each. part of the subsector of teen retailers is the sweet spot for these three names which leads us

to ask will teens be the ones to save retail stocks. the ceo who has his finger on the pulse of what teenagers want is bill brant, ceo of rue 21 which has seen a massive spike in online sales over the past year. the national numbers speckle volumes. people, particularly the younger set, are ready to dress up again. what are you seeing online in your, what, 675 stores? >> hi, liz, thanks for having me. we're just thrilled to be here and to share the story of rue. we're seeing much of what you're talking about today. we're seeing extraordinary results across our entireen brand. and i think what you're talking about in terms of teen, they really, truly are engaged, and they're out there shopping. they are at the mall, and we've seen this since june when we started to reopen our stores. we saw nice momentum building. but what we saw in march because of the number of factors that you've been talking about, right? the stimulus. don't forget tax refund checks pushed forward. we're a value retailer.

those tax refunds mean a lot to our customers. so that married to this optimism that people are feeling has really engaged the customers that we serve, 15 to 25-year-olds that love style, that love fashion, and they love it at a value. and i think that's a very unique place to be in this marketplace. so we couldn't be more excited by what we're seeing. high sales growth and high margin, the profit that we're seeing, liz, for march, or just phenomenal. liz: oh, that -- see, that's what i love to get into are the margins here. but also, bill, you know, well before the pandemic there was the so-called retail ice age, and we started to see chain after chain after chain, many who had been around for decades go under. and then, of course, the pandemic just threw everybody over the cliff. i mean, we're talking about nieman marcus going under, jcpenney, j.crew, these are names that we all shopped at oaf

the years. but to me, you looking -- you're looking specifically at this teen subsector, and that you appear to say is the key to survival, correct? and bankruptcy isn't -- you guys exited bankruptcy three years ago, and look how strong you are now. >> right. but i think what this also speaks to, liz, is the healthy balance sheet. i joined rue just six months ago, and one of the reasons i joined was because the business was in a very healthy place, and i felt by drilling deeper and getting to know this teen customer that we serve, this 15-25-year-old, that we could grow our brand, grow our business and really merge and build a serious e-commerce business. that's what we're taking on. but we're doing it with a community. and, liz, you've known me for years. i love passionate fan bases whether that's in the media space, whether that's at hsn, carnival corporation or here at rue 21. i love being able to understand what makes a customer tick and

get them to understand. what's unique about the rue customer, again, is a value customer. in the past year we launched a loyalty program, liz? 4.3 million active members have joined and signed up for that program. so what that tells me, and as we talk about profit, as we talk about growth, as we talk about margin, that's going to give me the confidence that we're going to continue to build on this momentum that we're seeing. will we be able to continue because of stimulus in march? it's going to be really hard. but what we're going to continue to do is build the relationship with the customer. that's the key. liz: and you're going after a subsector of the teen subsector, and that is plus-sized fashions. you're adding that to, what, 65% of your stores. can you give me a sense of how you expect that to add to your bottom line revenue. >> oh, it's going to be significant. and, again, we're all about style, value and inclusivity, and that includes body positivity. people need to be treated with respect regardless of what they

look like, and that's what we're doing when it comes to sizing as well. we've expanded, as you said, 36 additional stores in the last month now have a plus department, and that means young girls 15 to 25 if they're shopping, they can shop with their girlfriends regardless of the sizing. that's what girls do. they go to the malls together. why can't they shop together? that's what we're providing in the stores and online, and that can easily make up over the next several years 15-20% of our business. >> okay. everybody should know we knew each oh when, i'm talking 30 years ago. you were my first producer at wsyx in columbus, and i was your first nighttime reporter. bill, great to see you at rue 21. >> thank you, liz. liz: please come back. bitcoin, let's get to that, catching its breath as the confetti guns get put away after coinbase's massive market debut. bitcoin up about $97 to $62,900 at the moment.

but robinhood wasting no time in looking to catch coinbase's tailwinds as it prepares to ipo. charlie breaks it on the retail trading platform's newest intersection with the cryptoverse on its road to wall street. closing bell ringing in 48 minutes. "claman countdown" coming right back. ♪ ♪ you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq

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♪ liz: all right. day two of coinbase as a public-traded company has not been a great day. you can see it started off really well, i think the high was $349 a share. we're at 323 right now. but regardless, it is still making major waves in the cryptocurrency world as other fin-tech companies see coinbase possibly helping them forge a path forward. to charlie gasparino with the controversial name of robinhood, right in and i guess, the response to coinbase going public. >> yeah. we've, i've been getting a lot of flak from the coinbase and the crypto literati out there because i dared to say there might be a lot more regulation

in the space. there will be a lot more regulation in the space. blake burman today asked jen psaki, and she made it real clear, that's the biden press secretary, that that regulation is going to be headed by janet yellen, the treasury secretary. some had said television going to be guest -- it was going to be gary gensler, the sec chief. crypto companies are looking to ramp up their compliance staff the, from what i understand. some of them are going to go public, some of them aren't, but the compliance staff is being ramped up, from what we understand, a hiring spree of sorts, basically to deal with this regulation are. particularly if you're a public company. there's a lot more hooches tough to -- hoops you have to jump through if you're a public company as robinhood is likely to be. sources are telling us they are still planning to go public. no exact timing, but clearly the bankers are, from what i understand, working on a robinhood ipo, some of the top on the street, goldman sachs,

jpmorgan. this thing is coming, and it's just a matter of time. and it's also a matter of regulation. from what we understand, robinhood is one of those companies that is seen expanding its compliance team as it builds out not just its trading platform for the gamestops of the world, but also robinhood is going big into crypto trading. remember that, that's participant of this whole thing. i think one of the things, one o the reasons why the ipo is not done yet -- well, obviously, the gamestop trading frenzy and some of the controversy surrounding that they had to get through, you reported that already, but also they do have to build out a compliance staff. it's going to get money, grow even more, it needs thatting compliance staff, and from what we understand, they are looking to hire and build out that compliance staff as i speak. other crypto firms looking to go public in the next years or so as we've reported, kraken, i guess it's a digital exchange,

and a company called gemini. my producer, lydia moynihan, who's 25 years old, knows what that is and i don't. [laughter] i think it's an exchange as well. liz: oh, yes. >> a boom in crypto is creating business opportunities, as you know, and underwriters are circling these figures. kraken says it's likely going to go public in the next year, be an ipo, that's what they've said. wouldcould be an ipo or some sof a spac. they're too big for a spac, or they're going to do an ipo. so that's where we are right now. i think this is a good thing in the sense that the maturation of the crypto business is leading these firms to grow but also to grow and do it the right way. they're trying to assure regular laters, they're going to dot the is and cross the fs. we still don't -- t. we still don't know exactly what kind of regulation is coming

down the pike. janet yellen, if you take her at her word, she mentioned that bitcoin is used for drug deals, you know? if you really believe that, why would you, you know, why would you allow it to flourish? so if you're investing in this stuff, keep in mind that the laters themselves have had harsh words about these outfits. liz, back to you. liz: yeah. i mean, i think it's something like one-tenth of 1,000% are from the underbelly of the seedy, shadowy -- >> i just -- liz: it's getting legitimate. >> the comments were not about the outfits. they're not saying the outfits are criminal organizations, and i'm not saying that at all, because i don't believe they are. the use of what bitcoin is often used in these -- criminals. be clear, i don't want to, you know, i want to get it right here. liz: and, charlie, i'll be clear

too, gemini was started by the winklevoss brothers. it's that exchange. >> the guys that marker berg kicked their rare end a little -- rear end a little bit there. [laughter] liz: not funny. yeah, not funny. charlie, thank you. charlie, have you ordered a couch or a table that's maybe taking forever to get to you? we know a hot of viewers who are. we're going to go to the epicenter of this furniture fiasco e to tell you just how much you might be waiting and paying for for your next home furnishing upgrade and what it means for furniture stocks. the dow is 2 points below 34,000. can it close above it? you've got to stay with us and watch. ♪ ♪ could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis to help you break down boxes?

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liz: we have this fox business alert, sir richard branson hitting the ejection button on some of his virgin galactic shares, and that is hurting this stock. the space tourism start-up founder unloading $150 million in shares of the high flying stock sending it down 14.5 percent. shares stand at 22.82, but guess what? their still up more than 33% year other year, so there's that. branson's not the only space cowboy making moves this hour. jeff bezos' e rocket ship start-up blue origin successfully launching and landing its space cap call, the new shepherd, yesterday in its 15th test flight. in turn, the spac which is joining forces with rival rocket company astra, is moving in reverse, down about 4% at this hour. let's look at shares of dell. they're in full orbit on the planned spin-off of vmware, the move set to lock up $12

billion via special dividend. dell spiking nearly 7% in this final let's call it 34 minutes of trade. more than 9 billion of those funds heading straight to dell's wallet with dell owning 83% of the cloud giant of. vmware is moving higher by 3.6%. and what do you do when you're already bullish on one of the top chipmakers in the world and then decide, you know what? i love it even more? raymond james has upgraded shares of nvidia from outperforming to a strong buy with a $750 price target on the launch of its cpu. it's at 644.34. one of the nasdaq and s&p's biggest winners at this hour. well, from the chip wars to the electric vehicle battleground. vw's audi brand unveiling its challenge to the tesla model y. the q4 es-trons a mid-sized suv

of packing the same 323-mile battery range as tesla's model y. analysts predict it could drive right past tesla's delivery, also from its all-electric version of the porsche. wv up 1.5%, tesla flat to slightly high higher on the session. well, new cars, got 'em in the garage. how about lumber prices? lumber prices are continuing to climb, and the price of lumber, by the way, seen as a proxy for home and commercial construction, has sailed 93% higher this year as more and more americans spend time there freshening up their homes with new prompts, new decks and, of course, as they look to fill those new spaces with chairs and couches and furniture, they have major demand from the manufacturers who are falling behind. far behind. let's get to grady trimble live in hickory, north carolina, known as the furniture capital

of the world. grady. >> reporter: hey, liz. and they are working as fast as they can to keep up with that surge in demand, but it's been going on since last fall, and it has not slowed down at all. these furniture makers, they're working hard like at hickory chair where we are. but one thing that they can't control is the supplies, the wood, the metal, the prices of those items have gone up, and if they can find it, you know, they're paying more for it. another issue that they're having is you see all of this furniture is made with various types of foam products. this foam is made in texas primarily, and those winter storms from a couple of weeksing a or two months ago at this point shut down a lot of production of foam, and so they're not getting as much of it as they need. because of that, some of the plants that make furniture here in the furniture capital of the world had to shut down for a short time. not this one, but they did,

unfortunately, have to tearily furlough some employees because of this. listen. >> our suppliers had no further inventory and weren't going to receive any for the foam material to cut our cushions. to we had to cease production only on the upholstery side which was about 75 after after our workers, we were count to build frames and cut fabrics. >> reporter: and this is affecting furniture makers big and small. this is high quality, handmade furniture here, but it's also affecting the lower priced guys as well. it's affecting the auto industry. they need foam for their car seats. the mattress industry, you name it, liz, they are all impacted by this. the message here from the folks is be patient, it is coming, but you might have to wait weeks or months for that couch, table or whatever you've ordered because we are working fast but not fast enough, apparently. liz: i was so desperate, i ran to staples to try and find a

table, and they were sold out. [laughter] all right. thank you, grady. now we know why. grady trimble live in north carolina. okay, look at ethereum right behind bitcoin, its popularity has gone absolutely wild in the last 24 hours. hitting a record, just under 2500 per coin. but guess what? what is the one company as coinbase already are went public, what's the one company that could be the ultimate tipping point for all cryptos to go mainstream? the tend there spotter -- trend spotter, michael wolff, gives us that name and tackles the nonfungible token craze as well. that's next. dow is up 254, the russell's having a good day, up about 5 points. s&p at a record, up 39. ♪ muck. ♪ ♪

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liz: arc fund's kathyed wood taking a huge bet on the future of coinbase stock. yes, of course. the investor famed for her midas touch when it comes to innovative companies buying $246 million worth of coinbase shares with about 168 million of those shares being added to her flagship arc innovation e fund. in its second day of trade, coinbase, the cryptocurrency exchange that just went public yesterday, down now 2.25%. you can't deny, certainly, that it was a big moment for all of crypto. but how long is the road ahead before crypto replaces paper money? and how does an investor play it? with kinds ranging from -- clients ranging from disney to fox to amazon, we're joined by one of the top minds in the consulting industry, michael wolff. great to see you. >> good to see you. liz: i do believe coinbase going

public does signal a paradigm shift, but we are far from full-blown nationwide usage. my question to you is how long is that runway before we get to nationwide adoption? >> i think this really comes down to today bitcoin and overall ethereum and others, they're really stores of value. they're not yet strong payments. so what's going to make a difference, it's when investors are able to buy funds. today you've got morgan stanley which is offering the ability for its wealthier clients to buy, goldman is going to be the second to offer a bitcoin fund. fidelity has already filed an application to do so. so once we see all of the big firms whether it's blackrock or it's bank of america or it's jpmorgan, until we see that the

the average investor is able to include an investment in bitcoin as part of their savings or their portfolio, that's when we're going to see this really taking off. liz: if you had to narrow it down to one of those names, if they jump out in front and say we're ready, here it is, which one would that be? that really triggers the national conversation. >> i think it's blackrock. and the reason is because just a few years ago larry fink called bitcoin a currency for money launderers, and now -- [laughter] they're already recommending, and it's enabling a couple of their funds to purchase bitcoin. i think when there's massive etf associated with blackrock, i think it's going to make a huge difference. liz: okay. you're making news there. what are you hearing from your clients in media and technology? not necessarily on the other side of those who offer it, but

the people who had the opportunity to strike deals, like you do work with disney, with our parent company, fox, where you can suddenly start betting on fox bent with, say for for example, clip poe. what are you hearing from these big names? >> we're a long ways away for crypto to be a means, an easy means for people to pay. and the reason is because it just isn't that kind of volume. but what we are going to see is we're going to see crypto becoming an important part of certainly large transactions. it's going to be ways in which as a whole set of merchants so companies like paypal are going to allow a lot of their merchants to charge via bitcoin. so i think the big technology companies and entertainment companies are all standing by waiting to see how this is going to fit into their overall businesses. liz: yeah. well, i would say though coinbase's debut has triggered

explosive moves not just for bitcoin, but ethereum. you had ether's options market seeing record open interest of about $3 billion, and on top of that i happened to be randomly looking at my twitter feed, and ripple, another currency, they put out a tweet saying, hey, we're hiring right now. so it all seems to be coming together, you know? your last thought on this before we get to nonfungible tokens. >> yeah, this is the first public listing of a major cryptocurrency company. investors are hungry to get a piece of this hot market, and so it's not surprising that coinbase is of great interest. copy baste is an exchange, and it's comparable to the new york stock exchange or nasdaq. it's going to be one of those few places where people are going to be able to have a market and a way of easily trading bitcoin, e here to yum

and a whole bunch of others. -- i here to yum. liz: speaking of going mainstream, i wouldn't say nfts are there yet, but nonfungible tokens are certainly grabbing attention. we have sotheby's which just sold something done by anonymous artist named pak for $2 million, and it's basically a link to a cube. a cube, literally a cube. so i'm thinking to myself -- [laughter] how do we wrap our minds around -- is this here to stay, michael, or is it really just the beanie baby of digital? >> i think the place where it becomes real is not at these price levels. but the place where it becomes real is when you look at things like sports trading cards or cyber collectibles where it's really valuable for somebody to have a piece. the nba top shot offers the ability for individuals to buy

exclusive clips. and there there's a lot of interest. and as we see, as we see trading cards going into nfts, then we're going to see a lot more interest. and also the players. this is a way for the players to earn more money versus when they just sell a cardboard card. they only get that first time. where this is going to become most important as we move into people spending more and more time in video game meta-verses, and so suddenly a painting that you bought as an nft goes on your wall in a meta-verse, and it's very different than going on your wall in your home because there really isn't any way for that to happen except for electronic frame. so they're here to say. these numbers for these paintings are crazy, but those are going to be anomalies.

what's more important are individual pieces of artwork, sports collectibles. we're going to see this continue to explode. >> all right. if you say so. i want it on my wall. i don't want it on some digital t the r orb n type of world. but that's just me. michael, thank you very much for coming on to really talk about where the pulse is. michael wolf of activated. >> thank you. liz: you're welcome. by the way, if you're still scratching your head at understanding what a nonfungible token is, my newest podcast episode gives you a crash course in all things nft. from the guy who would know, dan kelly, cofounder and president of nonfungible.com joins my everyone talks to liz podcast to tell me working at an auto the manufacturing plant at age 15 to teaching himself how to code and

years ago he got on the nft, i guess, band wag non? he actually made the bandwagon. he explains it now. listen now on spotify, apple, google, wherever you get your podcasts. the dow jones industrials up 300 points. the gop giving a look at its leaner and cheaper infrastructure plan today. what larry kudlow has to say about the numbers. we're coming right back with larry. don't go away. ♪ ♪

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we'll even cover the return shipping. this is a limited time offer, so go to aerotrainer.com to get the body you want with aerotrainer. ♪♪ liz: closing bell, we're about ten minutes away. the dow is about to -- well, we topped 34,000 for the first time ever, it's whether we close there.

we're at 34,046, up 310 points. if we close there, it's going to be the 20th record close this year after the s&p 500, it's up about 46 points, well above what it needs for another record. and if it does close here, it'll be the 22nd record of 2021. nasdaq no slouch, it's getting closer to its all-time high. now it needs just over 237 points to crack its all-time high. we're up 183. so ors you know, give or take 50 points away. not bad. big, big green on the screen moment here. moderate republican senators laying out their priorities for a skinnier infrastructure concept than president biden's $2.3 trillion plan. sources have told fox news that the price tag could be a much cheaper $650 billion. the plan would still include massive repairs for roads, bridges, airports, ports as well as broadband upgrades. the one thing not in the plan,

tax hikes to pay for it. let us get now to the man who says he pulled president trump back from what trump had wanted, a $3 trillion infrastructure plan. larry kudlow, the host of "kudlow." larry, what do you think? is this more the level you'd like to see? it could be anywhere from 600-800 billion, this new idea. larry: it's much more the level i'd like to see. i don't want to take credit or blame, it's that moving president trump part that i don't know where you got that. i never said that publicly are. liz: you, on the show. you said i pulled him back from that. larry: well, okay, i did, actually. liz: it's okay. larry: along with the omb director. why do it? you could finance it without these gigantic tax hikes on businesses and successful earners. you could do tolls, user fees, bonding, public/private partnerships, you could fix the

water pipes in the schools, you could put some broadband money up -- not $100 billion, but some. this could easily be done in a tidy way. you could either do a 5-year or 10-year plan and let, you know, a trillion dollars or less. that's all it would take. you're reading all these record stock market quotes, and you're right, lizzie, this is a great country. we are in a boom. we are in a boom. so here's my advice to you: if it ain't broke, don't fix it. okay? don't transform the country, don't end fossil fuels, don't move to the great society times 100, don't tax everybody to death, don't regulate us. let the boom continue, all right? millions of people are going to go back to work at good, solid wages, the middle class will prosper. i don't want visions, i don't want utopias. let's just let basic blocking and tackling work here --

[laughter] i don't need new definitions of infrastructure and social welfare and all this other stuff. that can wait. have a discussion about that, i'm fine with it, it's a free country can. but not now. not now. we don't need to take action now. let nature take its course. the free enterprise system is booming. liz: well, we've got the pave etf, the global infrastructure development plan, up just a bit here. kudlow, we'll see you at the top of the hour at your show named after you, "kudlow." it's simple, it's awesome. all right, people pounced on coinbase, but quite a few people owned shares well before it hit the street yesterday. how can you get in on doing the same9 with the hottest names that are still locked and loaded in the ipo and spac pipeline like spacex? today's countdown closer has the very fund that does just that. closing bell, seven minutes away. dow is at 34,041. will we see it close above 34,000 for the first time ever?

gotta stay tuned. ♪ ♪ . .

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♪. liz: yes, coinbase has gotten all the going public attention in the last 48 hours but there were so many people out there, you guys, who actually owned shares before it went public. how would you do something like that for, let's say spacex? elon musk has raised more than a billion dollars in private equity in the latest round of funding for his rocket ship company. is there a way for to you play companies like that? liberty street advisors shares post 100, now called the private shares fund actually offers access to companies like spacex and spacex. forget like. the so-called venture-backed asset class is up 12% this year. ticker symbol, privx. joining us the ceo of liberty

street advisors, 1 1/2 billion under management. this is fascinating to me. how many say spacex if that goes public i would love to get a piece of it. you have 30% of that fund in shares of spacex. how did you do that, how do people get in. >> hi, liz, thanks for having me on. we're very excited about assets we have in the portfolio like spacex and we have currently 60 other positions in the portfolio. there is so many growth in the private market in the last couple decades with ongoing evolution of innovation and technology across sectors, right? not just aerospace like spacex and fin care, health tear connect, supply train optimization. we work closely with the venture ecosystem which means the managers of these funds, the

entrepreneurs, innovators, founders, investors that play in this asset class to try to find ways to be helpful to them because there is no, you know, efficient public market like we have to buy public stock, mutual funds, things like that for the private market. we came up with a innovative fund structure under the 40 act, allows us to provide access to all investors without accreditation, without large investment minimums, to be able to access this type of innovation that we're seeing like spacex. liz: some of the names as we mentioned. spacex, marquette medical systems. as we look at the opportunity to get in on these shares, you have to tell me, do you worry that we had such a big ipo year it may fizzle out a bit? quickly. >> the market essentially fueling all of the ipos, spacs, direct listings is large and growing. it has been pent-up well over a

decade. the very large supply. [closing bell rings] the interest in public and private markets of these companies continue to grow. we have to be careful about valuation but we're just getting started. liz: christian, thank you. drop the confetti. the dow closes first time above -- ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. great to be with you. very good news, we open the show, stock market hits record highs. bond yields fell, dollar higher. retail sales booming. manufacturing booming. unemployment claims plunging. looks like we're all going to live happily ever after. now we'll talk to some economic gurus later in the show. i want to take part of their bacon up front. i want to say once again the only true stimulus plan is the ultrasuccess