some very big multiday highs over the course of this week. the reality is that's likely to come back in a little bit, and when they pull back, that's when you buy back in. charles: we'll be looking to buy that dip, for sure. scott, thank you, my man. have a great weekend. liz, as i hand it over to you, the cp effect kicked in at 1:59. [laughter] can we keep it going? of. [laughter] liz: cp, lc, we've got the four right letters here. hey, it's great work, and i love, i love, charles, when you pick stocks that you think are going to roll and then it all place out. all right. have a good weekend. by the way, folks, on this friday, the market's tide is rising on the back of spectacular economic data. a strong start to earnings season and a hands-on federal reserve. who's now saying you've got to invest but with one particular phrase in mind.

sarah mallic is here to tell you. we have the u.s. economy stronger by the day, but guess who's going faster? president biden is behind closed doors with japan's prime minister. we are going straight to the white house on how the two leaders plan to tackle the china tiger. no doubt the semiconductor shortage also be among the issues the two will discuss because the shortage just got worse courtesy of mother nature. t.j. rogers is here on the taiwan weather system threatening the heart of semiconductor manufacturing. and the pandemic triggered big spending on, you know, diy projects and assemble your own furniture projects, but we know how that goes. yeah. the ceo of the health on demand company whose stock is up200% year-over-year on why he says post-pandemic you'll still need his handymen and women.

with just about every economic metric this week from today's wild 19.4% jump in housing starts to wednesday's blowout retail sales number beltwaying expectationses, the u.s. economy, yes, appears to be off to the races. but if it's a race, china is already ahead for the moment. china's first quarter retail sales grew 33.9%. china topped that off with a gdp print of 18.3%. the powerful numbers mean that the white house meeting happening right now between president biden and japanese prime minister has added urgency. talks are expected to not only center around a $2 billion bilateral initiative to develop 5g, but also to tackle how to deal with china's burgeoning economic and, of course, military power. blake burman is live at the white house right now where the meeting is going on. blake, sudden hi this really becomes a question as to how to deal with china's growing economy here. >> reporter: not quince coincid,

i think, liz, that in the lead-in to this u.s. officials were quick to tout that $2 billion partnership with japan to make sure that japan invests in non-huawei 5g. that is one of the headlines, certainly, leading into this meeting. as you know, trying to insure that nations all across the globe invest in non-huawei 5g was a key initiative of the prior administration. and as we are seeing here in the beginning months of the biden administration, certainly something they believe is important as well. we do expect to hear from the president and his counterpart from japan to focus on other items though with real national significance too, hong kong, taiwan, human rights at the top of the list. here's what a senior administration official said in the lead-in to this meeting, quote: i do want to underscore that neither country is seeking to raise tensions or to provoke china, but at the same time, we're trying to send a clear signal that some of the steps

china is taking is antithetical to the mission of maintaining peace and stability. so clearly, china a focus of this meeting. liz, this is the first face-to-face meeting of a foreign leader over here at the white house, and we're getting an idea of exactly who will be at the table with president biden. you can see there the treasury secretary janet yellen and the commerce secretary gina raymundo as well. we do anticipate to hear from the president at some point later this hour, and then after that the press conference with president biden and his japanese counterpart. liz? liz: so interesting about the non-huawei 5g -- >> reporter: yeah. liz: -- because that has been the huge point that, of course, the last administration, president trump cared about so much and, clearly, president biden understands the value of that as well. blake, thank you very much. so the u.s. data that is very strong, obviously no slouch. when you pair china's gdp growth

with here in the u.s., global stock markets push to new highs. any gain for the dow and the s&p mean new records. but to europe, germany's dax index is at an all time high and the united kingdom's footsie 100 -- ftse 100 at a one-year high. shanghai composite rose while the hang seng in hong kong saw gain of six-tens of a percent. and you know what in look at the index in korea, that was up more than one-tenth of a percent to see its fourth straight week of gains. and all of this, of course, mind you, should focus on this: how do you narrow your plan to buy and sell stocks? to the floor show, sarah mallic is the chief investment officer for nuveen's $420 billion equity division, and she's joined by scapt9 bauer. -- bauer.

sarah, these strong economic numbers speak volumes. what is the top guidance you're giving clients on where to invest now? >> our guidance has been that you need to be more selective. earnings aren't really music to investors ears right now, but revisions have been increasing, and it's getting harder to beat those earningsing. we think first quarter will still come in 5-10% ahead of consensus, and son op of that, we have on top of that -- what is the catalyst to take markets higher once we're past this earnings season? we think investors are going to become more concerned about inflation and also new variants of covid. that's also causing areas like india and latin america to suffer greatly. so our view it's going to be more of an acity conow global recovery, and you need to focus on sector such as the consumer,

leveraged to the reopening, industrial leveraged to infrastructure and also other areas such as communications and technology which can continue to do well as yields are lower. liz: okay. i do not want us to just gloss over what you just said. buy stocks that are leveraged to the reopening. you know, we do have a very easy, dovish fed at the moment so, sarah, do you have some favorite names with a global footprint that you feel do exactly that? >> we do. so within the consumer space yum brands, iconic brand name such as taco bell, pizza husband, these are well positioned -- pizza hut. it's a beneficiary of u.s. stimulus, and the repositioning of pizza hut to more of a dine-out rather than a dine-in brand will be nice optionality. another name we like in the consumer space is under armour. this is a sweet spot of the athletic trend and leisure

trend. not only does that become something more we're wearing during the pandemic, but as kids go back is to school and get on the field, it's positive for under armour. they've increased their direct to consumer business, become differentiated with wholesale, and they still trade at a discount. so there's still upside to the company. liz: let me get to scott. i do want to switch gears because another huge market story at this hour is cryptocurrency which has been a big topic, obviously, this week with the coinbase direct listing here. bitcoin is actually down at this hour after turkey banned crypto payments due to volatility and, you know, lack of their regulation. we do have it down to 61,814. but coinbase is seeing gains, and doge coin. i do not want to ignore that a because that sort of meme crypto has skyrocketing some 40% over the last seven days -- 400% hitting a record 45 cents

overnight. are now in the bull camp or the bubble camp here in. >> so i'm not in the bull camp for doge coin. i wish i would have been, but i'm not now. i'm very concerned about this because significant amounts of this volume that traded yesterday was on tether which was leading to theories of market manipulation. what that means is these are the whales, these are the big guys that were trading this, not the retail reddit folks who have been casually trading crypto or doge coin over the last month or so. so is there a bubble in perhaps a doge coin? yes. in terms of the entire crypto market especially bitcoin and ethereum, no, i don't think it's a bubble. can we get a pullback? sure. but you know what, 62,000 has been bought up pretty quickly. and the total market cap of the crypto space never dropped below 2.5 trillion. in terms of the news that we saw coming out of turkey, i actually

think there was news out of china which was just as important. there was a coal mine explosion in china overnight which disruptedded the bitcoin right there. and that may have as much to do with the drop that we've seen as the turkey news. but, you know, that's kind of where i see it. doge really worries me, but the entire crypto state -- it's not like 2017. because of the adoption of the enterprise use of blockchain. liz: scott, sarah, thank you. part of doge's moonshot overnight is that it was mentioned in a conagra earnings call, yeah. because conagra's division slim jim's -- and, by the way, we were all over this on tiktok this morning that should that conagra a -- that sort of brought it very much into the mainstream because they have been sort of dealing with doge and engaging with fans. but our yesterday's video on

cathie wood and her arc investments buying went viral with 1.2 million views yesterday and counting. we now have more than 106,000 followers. i post every morning, it's just a one minute sort of what did you miss overnight. follow me on tiktok @redfoxliz; but we were amazed, again, 1.2 million views on a single, single tiktok because people want to know. they want to know, you know, the quick news overnight. make sure to check it out. sherwin williams painting itself green today, one of the top performers on the s&p 500 benefiting from the halo effect of renewed confidence in the home building sector. shire wynn williams jumping 4.5%. citigroup also raising its price target on the paint maker to $298. so you can see got a bit of a ways to go. and as vaccines bring people

back to sort of real life before the a pandemic, will the door close on the pandemic diy boom? coming up, the man behind handy and the entire angie empire pulls the curtain back on what's really happening in housing and if you should still be putting the welcome mat out for your home-related stocks. dow is 191 points above 34,000. stay tuned. ♪♪ walter, did you know geico 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? arrrggh! what am i gonna do to you box? let me “break it down” for you... arrgggh! you're going down! down to the recycling center!

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♪♪ liz: all right. by now you guys are familiar with the glitzy e work stay and work out from home stocks like peloton and noom. peloton is a 195% gape. love sac, that's seen a gain of 676%. maybe they're reaching at least a near term top? one name, angie, has less chatter around it and yet the stock has quietly sailed 200%

higher over just the past year. angie is sort of the kauai yet riot -- quiet riot stock. is the suburban boom here to stay meaning as people fled the urban areas and started to realize, wait, we've got to fix these houses up. here in a fox business exclusive, or we bring in ann entry's ceo. you know, this unbelievable stable of names including handy, the on demand in-home, heck, we'll come over and mount your tv, assemble your furniture division. tell us what you're seeing as the reopening starts to take hold. >> we're so excited about this reopening. you think about what's happened over the last year. what you've seen is this real shift towards people spending more time at home, doing these essential maintenance tasks that they have to do and then they

started, they started doing more discretionary tasks in their home as they realized they were going to spend more time there. and then this thing started to happen where people started buying homes at a rate that we didn't expect millennials to buy. you rewind a year ago, and we were all concerned millennials might never buy homes. and now what we're seeing is they're going to make up 40% of the housing market. people buy homes, the first thing they do is they think about how to customize them. this is a generation that's spent 5, 7, 8, 9, 10 years renting homes, and when they buy the first home, they want to paint it, do a bathroom and kitchen remodel. so we think the next 12, 18, 24 months really going to be based on first-time home buyers buying homes, getting them renovated. and we know there's, they're so short on supply right now, we can expect a lot of those homes

are going to need maintenance right out of the gate. liz: your majority owner is iac. you know, year-over-year revenue jumping 31%. my question is just as everybody wakes up and says, okay, i bought this massive -- [laughter] money pit/fixer-upper, what are you seeing though? do you expect -- because we've also seen the reverse flight, people waking up and saying, wait, i've got to go back to new york city even if it's a third floor walk-up. are you still seeing the calls come in for please assemble my turn churn? >> -- furniture? >> we're in this enormous if market, $500 billion a year spent on home in some form or another. we make up, even with the growth rate we're seeing, we make up a teeny, tiny percentage of that. we're the largest player in the category, less than $2 billion.

when you think of the opportunity, it's to take all that old school way of buying these services, the old school way of finding a plumber, a painter and moving it online in an incredibly seamless way, so we're really excited about the future. we don't look at the growth rate in a given month. the biggest shift out of the pandemic has been the shift to online. it's not been the burbs versus the city. the folks you're talking about, the millennials, these are the folks who ordered a car online, ordered food online, perhaps found their first date or husband or wife on tinder or match and, you know, you think about how they're going to find home services, how they're going to take care of their home, it's going to be using their mobile phone, and that's what we're most excited about. liz: because they went right online and said aye got to fill -- i've got to fill this home with furniture.

i'm of the mind that ikea has caused divorces because you can't put them together so you pick up the phone and go on angi. do you feel that there's an opportunity for you to, again, do more acquisitions? >> what we're really focused on is the customer exexperience. to you think about the journey the customer wants to go on. they want to just take care of their homes. they don't want to think about -- you know, walk in the front door and the key turns in the lock, you walk in and the first thing everyone does right now is they wash their hands, they go to the faucet, it leaks a little bit, and they don't quite do what it wants them to do, every part of their home has seven, eight, nine, ten things where you're just like i wish i could fix that as quickly as possible. we are ma knewically focused on customer experience. we're always obviously looking

at what's going on in the market, we're just focused on making sure that what we do puts the customer front and center, and if we do that, the rest will take care of itself. liz: well, you did it so so well that facebook has facebook marketplace, there's taskracket, other companies that are -- taskrabbit, other companies that are real competitors. what makes you different? >> it's all about density. customers, homeowners, you, you want to go to the platform that's got the most cleaners, the most handymen, plumbers, painters. we've got a quarter of a million small businesses on the platform that serve 20 million households a year. it's all about density. it's all about going to the place that you can have the best possible service professionals. and you know what? our service professionals want the same thing. they want to go to the platform with the most customers. so long as we focus on putting the customer first, making sure we invest in mobile, a making sure we always do what's right

for our our pros, we'll build something great at angi. liz: great to have you. stock's done beautifully over the past year. thank you so much. >> thank you. liz: first credit suisse and no muir rah, now morgan stanley it putting a price tag so big on the archegos fire sale that even record revenue couldn't hide the wounds. coming up, charlie breaks it on the major investment reaction. with the closing bell ringing in 37 minutes, we are coming right back. today tuned. ♪ ♪

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the ability to put sports betting content on the nfl media sites. the big winner at this hour up about 2.8%. draftkings moving higher by 1% and caesars up a quarter of 1%. workhorse getting a supercharged bullish car from d. reilly. workhorse, while up 14% right now is still at $3.31. -- 13.31. the firm is saying workhorse is is miles ahead of any oh competitor in the delivery van space. and taking a look at the ev delivery race, it's all green lights told. nikola, tesla and -- actually, tesla is down just a fraction right now, but nick -- income la's still up.

simon property group has a jump in apparel sales that should benefit the retail mall titan, up 2.5%. and if you believe that today's consumer sentiment numbers at their highest point sense the pandemic began will encourage people to get out and shop at the mall, not a big surprise, but netflix is down. the favorite content streamer during the entire pandemic thanks to tiger king, cobra kai and everything else is down 1%. oh, no, i didn't watch those. no. totally. morgan stanley now disclosing officially that it lost nearly a billion dollars as part of the collateral taj from the implosion of family office archegos capital. charlie gasparino joins us now with the continued fall and what it means for banks. >> and we do have some breaking news on regulation more broadly under gary gensler are, the incoming sec chief. i'll get to that, particularly

as it relates to crypto and fin-tech. let's get to morgan stanley. most people don't believe that this is one of those events like you had during the football crisis that was -- financial crisis that was the canary in the coal mine. morgan stanley had a huge financial trading loss in the early days of the financial crisis, and it was the canary in the coal mine that more problems were ahead and eventually the firm needed a bailout to survive. that's not what we have here. we have what a lot of people believe, analysts believe is a one-off. it's going to -- it affected today's earnings call, this quarter's earnings call. the stock off today, but that's about it. morgan stan arely had a pretty good quarter other than this loss. where i think people, meaning lawyer, securities lawyers and analysts are worried is, you know, this type of loss at major u.s. bank, does that, you know, foreshadow regulation from gary

gensler, and i think that's where this thing is getting very interesting according to my sources, that they think you can see a crackdown on certain trading strategies. remember, the trump administration relaxed the regulation on the volcker rule. this is a little different, but it's all in that same sort of ball of wax dealing with partners, dealing with big clients hedging your positions. a lot of people think gary gensler will crack down on that. now, getting to gensler, here's some interesting stuff, and this is exclusive to your show. i put it on my twitter page, and i'm getting a lot of feedback because everybody wants to know what's going to happen with cryptoto currency and fin-tech -- cryptocurrency and fin-tech. we had the head of the trade -- one of the bank trade groups was on, on your show earlier this week who talked about fin-tech encroaching on credit unions and

other bank services without proper oversight. so here's what we understand. gensler, when he -- now that he's confirmed as a c chair, is -- as sec chair, is waiting for janet yellen's review to enact a broader regulatory review on crypto. i can't tell you when that's going to be done, but we understand that's where he's going to take his cues. we understand gensler is likely to address crypto regulation not on, not with new rules, but on increased enforcement. it's just easier, and from what i understand -- i'm getting this from securities lawyers who deal with him, that's what he's signaling to them. he's not going to look for new rules on crypto, but he is going to look largely on enforcement actions to essentially regulate the space. so that's probably marginally good news for crypto if that's where he goes with this. and, again, a lot of it depends on where yellen comes from huertas thing force. i can tell you -- her if task

force. they think this is where he will do rulemaking, is in the fin-tech area. and as we were talking earlier this week, the held of the trade group for credit unions came on your show and talked about how the major banks, credit unions have massive regulation from the fed and other bodies over, you know, credit cards and you name it. they have a lot of oversight. the fin-tech business has very little oversight, and it appears that you're going to see -- at least that's what the securities lawyers are saying that he's signaling, there will be some ways to fill those loophole, that he's looking for rulemaking in the fin-tech area. liz, back to you. liz: charlie, thank you very much. have a good weekend, my friend. >> you too, my friend. liz: thank you. just kidding. [laughter] you can't build a car without chips. semiconductors, these days, and there's a big meeting going on

at the white house to try to secure the space as mother nature puts additional stress on the supply chain. what are we talking about? well, let's bring in former cypress semiconductor chief t.j. rogers. he's coming up on all of this. plus, i'll ask him point blank is this chip shortage a true national security risk. closing bell ringing in 26 minutes. the dow is up 177. that's a record. s&p up 16. that's a record. stay tuned, we're coming right back. ♪ ♪ ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you.

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♪ liz: if you thought that the chip crunch could not get any worse ors mother nature is now at this hour turning the global semiconductor shortage into a migraine. a what are we talking about here? well, we need to tell you that taiwan is home to about two-thirds of the world's semiconductor manufacturing businesses and is right now

experiencing the worst draught the country has seen -- drought the country has seen in half a century. why does that matter? water is used in massive amounts at these plants to manufacture semiconductors. again, we were already having this horrific shortage, but now companies like micron and united micron electronics, taiwan semiconductor, who all have plants are there -- there are arranging water trucks to help keep cranking out those chips that companies around the world desperately need. what's really going on there? here with an inside look is somebody who knows. cypress semiconductor cofounder t.j. rogers. t.j., you know, you know exactly how the manufacturing process works. can you illuminate us as to the water that's involved and why the drought is so crucial. >> sure. chip plants use use a huge amount of water. we're talking about metric tons

per day. and by having said that, the rainfall in taiwan is 80 inches a year. in minnesota where our big plant was, 30 inches a year, and in california where their semiconductor plants, 20 inches a year. so the question that needs to be asked right away is if the other places can get by on 20-30 inches of rainfall, why are you at 80, maybe down to 70 or 60, not getting by? and the answer to that is you have to ask are you using your water right. liz: yeah. and, obviously, now they're bringing in water trucks? the this is very, very serious. and beyond the human toll of not having enough water, we know that, obvious, takes precedence. but the chip makers themselves have already been facing an unbelievable shortage due to everything from demand to supply chain issues. what will this do now to an

already very serious shortage? >> frankly, i think we're listening to early screams of an ill-defined problem. back to what i said to begin with, there's no excuse, zero, for a country with 80 inches of rainfall to shut down their fabs. now, why might it be? the answer is if you're used to a lo of water, which they are -- a lot of water, which they are relative to other places, you might not use it wisely. i'll give you an example. in our plant in minnesota we had four giant pumps that pumped water out of the minnesota -- the mississippi aquifer. they fed e the plant 24x7, and that that water went through our plant and was purified. you get the water slightly contaminated, and purifications'

not that hard. that water was purified and was put into a lake right next to our lake. so that water was pure enough to drink. so we, in effect, were a method of moving water with up through our plant into a lake. and recycling is really the issue. and they're not doing that, they should be. there could be a problem when they try to develop it. but there's no reason, for example, that the water that their plants use instead of getting wasted would go right into a system, get purified and be used as a general water supply, and they would actually be used as part of the system. liz: okay. t.j., you now have governments saying we've got to step in here. i know you don't feel this is a problem that can be sod with government money. -- solved with government money. when you hear prime ministers, both president trump and biden,g

this is a national security eshoo. is it? or is that hyperbole? >> it's hyperbole. you know what's happening now is some companies have a shortage of cars. toyota doesn't. totoyota just did better management of its inventories and had a safety supply of chips. some companies are short on cars, and some american consumers will have to wait for a few months instead of getting exactly the model they want right now. haroldly a national security problem. to me, a more important problem is when you shut down a car plant, you know, you're looking at a giant plant, 100 angers that employs 5,000 people. putting 10,000 people on the street is a big problem and having the economy take a hint because that, to me, is a security problem. but that problem's going to get solved by the free markets. look, our government -- think about it. our government couldn't get masks and tests to us on time

during the covid thing. this is one of the most complex industries in the history of the world. they're not going to fix anything. they can dump a bunch of money. okay, fine, do that. get your tv time with dumping money, but they're not going to change anything. these are some of the senator and best companies inspect world. they're responsible for sinking ships, they're scrambling right now to fix their problem, and they will. they're highly valued companies. they have access to the capital markets. all the money required to do stuff is available. their problem is it takes a couple years to build a plant, and it takes even six months to ramp up a plan for someone to replace another chip in a car. we're already probably in the middle of it. but i would guess by the everybody of the year the invisible hand will fix the problem for free. the government can grandstand a little bit, if they want. but they're not going to make a

bit of difference. liz: t.j.'s my guy. [laughter] t.j., it's great to see you. thank you very much, be well. [laughter] >> thank you. liz: anytime. t.j. romers, the founder of -- t.j. rodgers. david einhorn is taking aim at elon musk and wall street. what he's saying right now about elon's role in meme stock mania and the state or lack thereof regarding regulation of stocks that you may own. nfts are the new craze. if you don't understand it, you've got to tune into my everyone talks to liz podcast. we'll be right back. ♪♪

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♪♪ liz: just 48 hours after the passing of bernie madoff, the world's biggest scammer who got away with his crimes because both the sec and fin a rah, the two wall street regulators, dropped the ball on overseeing hem, green light capital's david einhorn loading up a verballing bazooka. you've got to hear what he said. in his most recent letter to investors, quote: for the most part, there is no cop on the beat and companies and management that are emboldened enough to engage in malfeasance have little to fear. giving specific examples of the lack of oversight he's seeing in the markets including the stock of hometown international. hometown international has a

market cap of just $100 million, okay? and they own, apparently, just one new jersey deli which has only hauled in $35,000 in the last two years. shares are now down 6.6%, but guess what? they're been up unbelievably over the just the past -- einhorn could not blasting tesla ceo elon musk. einhorn, who shorted tesla, says the ceo must pour the whale jet fuel on the game -- you know, he called it, i believe, the game stock tweet amid the reddit-room fueled marketed rebellion. quote, he can do whatever he wants calling out what he says was a, quote, slap on the wrist

for manipulating shares in 2018 with yet another infamous tweet saying he was taking tesla private at 420 a share, which never happened, of course. gamestop and tesla, tesla's just down slightly. with us now is larry kudlow, host of "kudlow." larry, just the other day you and i talked about how after madoff died, we're slower than a turtle in mud in nailing him. and now einhorn's saying, you know, wall street's top cops are asleep on the job. are they? larry: i kind of doubt it, if you want to know the truth. some people always fear prosperity. you know, liz, what i always say, it's a great country. a wrestling coach can run an operation and become a multihundred billionaire in south jersey or whatever it is. i don't know if it's properly valued or not. i don't think regulators know.

look, i love david einhorn. he is terrific, okay? he is a brilliant guy. he is a great money manager. when i was serving in the government, he used to write me mails constantly. he is brilliant, wonderful, and i'm going to use an old english word, kvetch. do you think what that is? [laughter] liz: yes, it's french, and i've been called it. it is for pain in the tookis. larry: again, wrote me beautiful e-mails when i was serving in the white house, but he's a kvetch. as a rule, i don't really want more and more regulation, okay in and you know what? finish. liz: i know, but, larry -- larry: -- some things in life look like they shouldn't happen, but do happen. you just have to accept that. more regulation is not the answer, you just have to go with the flow, liz claman. liz: i am just lost here.

i mean, okay. [laughter] okay, larry. but, you know, when the whistleblower told the sec in 1999, hey, watch out, and then it took them until 2005 to nail bernie madoff, minute's creeping -- larry: listen, i don't disagree with that. there were a lot of people asleep at the switch. but not every little thing deserves 30,000 more regulators. [laughter] liz: we'll see you at the top of the hour. we are coming right back, stay tuned. the gold standard, so to speak ;) stay restless with the icon that does the same. the rx crafted by lexus. . . . experience amazing at your lexus dealer. ♪

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you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. liz: three minutes to go before the closing bell and closes out the week stock that record highs, many outright expensive right now but our countdown closer says is 100% invested in stocks and said if you can only pick one sector going forward, this is it, howard of howard capital management ceo is joining us right now.

what is that sector going forward. >> we do like the epicenter stocks there looking very good, your volleys reopening stocks coming back online and making money. and using the earnings, the earnings are looking pretty spectacular to us. there's so much opportunity you don't know where to point your target at, mastercard, make an express or looking terrific we see opportunity everywhere. liz: you would be buying at the top on the etf, why would i do that. >> buying at new highs is never a bad thing. if there any company or etf to make a new high there's another new high, i hear this from other managers and investors i'm scared of the market, i'm scared of the market that's why we trade at a nonemotional system, any pullback in buying opportunity, i think you would be crazy not to be in this market, there's 1.9 trillion thrown into this market, there's

so much money throwing around and records amount of cash to fuel this thing higher, it's a great time to be an investor i would not be sitting on the sidelines. liz: you did say if you could invest in one area it would be tech, you just put up the tech names but you say you could do some dividends and we have some bike dv why another ats, to me i know the answer but i want to to a chicken late. >> you cannot move forward without tech, you cannot move anything with technology, their coming out was fantastic product, amazon for nine months is getting ready to breakout, microsoft broke out, tech is breaking out, at the lowest three or four weeks ago when we had the 10% drawdown in technology that was the low for the year, we were buying into the dip and i was bullish on tech, i think tech will go higher and outpaced the cycles. liz: bands howard, thank you so much and it's good to see you on this friday, it is been quite a

week, we end with fireworks. dow jones industrial and the s&p are closing at new all-time records for the dow, that would be the 21st record of the year and we would also say the transport closing out a record, we'll be right back. ♪. .larry: welcome back to "kudlow" i'm larry kudlow great to be with you this evening, stocks closed higher across the board now the new record for the dow and s&p 500. the economy is booming and that's a very good thing. stocks are going up, home prices are going up, people are happier, i see it on the street in the restaurants. last night we went out with a friend in the tail behind this was laughing a bunch and i turned to them and i said laughter is good and they said we are feeling happier. that is