volatile, be prepared for the long run that's a play on the easy market you can sell as you hold the stock. i think it's a really interesting one to look at. charles: tube enter very interesting names. were meandering liz claman but this is again we started out last monday like this and ended up with a good week. we'll see what happens. liz: but it feels slightly different this time, i don't know if you feel that way to but it's almost as if it's not the size of the losses at this hour it's another metric that has the biggest players on wall street seriously considering taking at least some profit with stocks and crypto sell enough were bringing in one of the very most respected names on wall street to tell us what he sees at the best path right now, investors need to follow david kelli,

jpmorgan chase local strategist coming up at the top of the show the soccer world is tripping over its own cleats top teams as investors take sides in the bombshell breakaway super league versus old-school european monopoly. wait until you see the stock of one of the publicly traded teams as it deeps. everyone over 60 eligible for vaccines as the state of johnson & johnson shot hangs in the balance. the chief medical officer of the hospital chain is here to tell us how it's vaccination efforts have changed and if you turn any problems on the j&j front. they run nuclear talks moving ahead as u.s. and israel hit some fresh bumps in the road, former israeli and lassiter to the united nations is here live on the current state of affairs and his nation's view on the biden of administration. all right, so much of the

opening trade depends on the rate of vaccination which leads us to johnson & johnson at this hour j&j stock is trending slightly lower now it's pop to the upside of a third of 8% the pharma giants waits a decision on whether the covid vaccine is safe after half a dozen people reported blood clots last week. doctor anthony fauci saying we will know in just days. >> hopefully by friday we will get back on track one way or the other but i would imagine what we would see it would come back and it would come back in some sort of warning or restriction. what i'm sure, i hope we don't see anything extended beyond friday. we need to get friday some decision one way or another. liz: with the dow jones industrial down 118 points regardless the j&j pause is a

reluctant in some parts of the country to get the shot, let's take you live to a vaccination site in livingston new jersey. it does not look that busy granted people are social distancing but i can tell you is a new jersey resident it is extraordinarily difficult to get an appointment anywhere unlike just across the river in new york, sites like this are reporting as vaccine side effects mounts so did the surplus and vaccination appointments with mass inoculation to a full reopening of the economy, let us get to chief medical officer doctor david.nelly the largest hospital chain in the empire state and administered more than 73000 shots, among them 10000 j&j vaccine. walk back to the show. have you seen any problems with patients get in the j&j shot. >> we have not had any in the j&j shot. it is quite rare as you know in the cases through 6 million

vaccines it's one in a million. liz: as a business network we are looking at herd immunity, mass inoculation is key to reopening the economy. how does new york look and what are you seeing as far as appointments do you see any pullback or reluctance their? we understand, can you hear me go ahead. his shot has frozen, we want to point out if we look at the moment with this country we have gotta be watching very closely because all the economic data depends on whether people are going to be mass inoculated in their reopening momentum continues. as we look at all the markets and try to reestablish with the doctor, it may not feel like a

day of reckoning that we've been warned about for years for the bull market, why is wall street shivering, forget the deaf, the dow is fractionally down 100 points. but after hitting a 14 month low on friday the market anxiety thermometer the volatility index is jumping 8.8% right now to 17.70, as the dow and s&p 500 retreat from record high on friday and the nasdaq is the biggest percentage loser right now nasdaq down 149 points, investors are questioning whether the fact that 95% of s&p 500 names traded above the 200 day moving average is truly a signal to take some risk off the table, look at bitcoin and the crypto market and got so incredibly frosty from dogecoin hitting franchise, it divebombed dropping from 60000 to as low as

$52000 per coin, right now 55800 but it did wipe out 300 billion in less than 24 hours. the crash which their calling a flash crash is having a contagious effect on block chain stocks to overstock and some of the other names, you can see there down more than 7% a piece. this came over reports that the u.s. treasury is planning to charge financial institutions with money laundering using crypto currency. i want to bring in david kelly local strategist. we are looking at crosscurrents of both equities and market areas from cryptic to commodity but let's tackle what effect you think volatile crypto sentiment might have on the broader market. >> i think the problem, a lot of the exuberance around crypto currency has really been emblematic of too much liquidity and markets in the first place. i am no fan of crypto currency, i think in the long run they

will be supplanted by digital currency issued by central banks or issued by commercial banks, the problem with the currency is a currency as to be a stable unit of stored value in the stable means of transactions and bitcoin or any of the other crypto currencies don't meet that criteria. i think the surge that we've seen is excessive and highly speculative and people wonder is this a sign that's were speculative areas of markets, you can see why it might have a contagious effect. liz: you bring up coinbase which has a direct listing and threw in a lot of retail investors. some of them poured stimulus checks into the market not just last week but throughout the past year if you look at gamestop means stop your coin based on three and a third% the

gamestop which actually has come off session highs of $175 is still moving higher 5.8% to 163. make your prediction how is a retail investor behavior upon the realization that the stimulus checks will eventually no longer be in the mail so to speak of the economy recovers. >> i think eventually the inflow of retail money will dry up and the problem with these assets is they don't make any sense under any other circumstance then you believe you will find 70 to buy it from you at a higher price. there is no income and no real value, what are you supposed to do and bitcoin you cannot use every transaction, doesn't have any use in the economy except possibly for money laundering which as you point out is obviously very scrutiny, once it loses its attraction of something that's going to go up

it's gonna stoke fears that it will go down i think a good friend of mine once said if you have a chart that looks like one side of the eiffel tower eventually you will see the other side of the eiffel tower and i think that's what we will see with the crypto currency and as the money runs out but if the money runs out in these assets stop going up, then people will fear was happening next. liz: earnings looked good, coca-cola b estimates and reported sales up to prepend them a levels thanks to reopening, that is globally but they gave commodity costs whether itself commodity like corn and corn syrup or the meddle in the aluminum for the cans, how do you view the commodity cycle right now. >> i would not call it a super cycle, i think we see a cycle of and it's obviously in lumber prices are rising, you can see this in copper and other areas. need to have a very strong global recovery pushing this. but again this is the recovery

that is going to be very strong throughout this year end the early part of next year in these off. if he actually looked through the energy and metals and food, it is hard to find an area where you have the long-term excess demand or lack of supply which would cause a real commodity boom in the long run, i think commodity is okay, i think they do represent good protection against inflation let's find out to the portfolio but i don't think the kinds of gains that we have seen a decade ago or go back as far as the 1970s, i don't think you will see surging prices in the long run. liz: last question are you advising people to be fully invested in equities right now. >> yes, but i would make sure i'm fully diversified around the world and look what equities you don't want to own the mega caps as much as the rest of the market i think you have to look at value versus growth, you need

a blocker on your portfolio you don't want the happiest beta portfolio at these levels. liz: i like that line, i'm stealing it but i'll give you credit, dave entered data blockers, thank you for joining us. we reestablished with doctor david, we were talking about j&j that's a down component the dow is down more than 100 points but we were asking you specifically what you feel you're going to see if there is a reluctance in some cases for people to show up and make the appointment for vaccinations. >> we have not seen any decrease in the willingness to get the vaccine. sensors been apposite think everybody is quite anxious as dr. fauci is pointed out as to what the recommendation will be and we will believe the recommendation as he hinted will be a warning and we will be given j&j to probably women and men as well under the age of 50. it's an extraordinarily rare

event from the vaccine and the type of clot that it causes is not exactly particularly rare and happens with tougher and that we get therapeutically and more common incident that we having 100,000. liz: are you seen a surplus. >> were not seen any surplus of vaccine at all, as you know there's so many people yet to be vaccinated, the hesitancy issue will come when we have enough vaccines and everybody who wanted will get there vaccine. liz: doctor, we've all been through so much in your front line workers have been champions, absolute heroes through all of this. when i think back to the early days of coping there was confusion about the treatment and the hospitals have time to show activities on a ventilator

or do you put them on their stomach than their back to breathe what do you think is the most important thing we have learned over the past year we treating people to have a very heavy case of the virus. >> i think two things clearly the most important lesson was the social distancing, masking and careful hand hygiene can do the job. we got this down to very low before we even had a vaccine. right now everybody has to understand the hospitals are doing the best that they can probably the most important thing we are monitoring oxygen levels and not putting people on ventilators as early as we did before and were using protein and other techniques but there have not been any breakthroughs, we saw people in the hospital at a rate of 20% in the icu and the number of those people are on ventilators. at least half of the people on ventilators still don't come home. liz: please thank your staff at everybody who has worked all the

way down and up to surgeons. we think all of them. doctor, thank you for joining us. >> thank you. liz: one country has been so successful in dealing with coalbed it is lifting the outdoor mask mandate with 56% of the population now vaccinated, israel has become a global model, how did they do it. former israeli ambassador joyce is coming up on that in the new threat the ironically or situation as the talks have now resumed, the ambassador joined us coming up. coming up how wall street's top cop plans to handle the crackdown the man who reports, charlie gasparino takes us inside gary gensler's playbook.

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liz: a bitcoin exchange traded fund will be the next big thing or stopped in his tracks lawyers are playing the guessing game as gary takes over at the sec, we have a lot of headlines this hour, charlie gasparino is about to break more. >> we kind of started the ball rolling downhill the best we can say on friday we reported exclusively about what regulation might be coming and who's gonna lead the regulation and have abiding the administration is going to react to crypto currency and essentially its widening use and the concerns surrounding it. over the weekend prices taint from there down today and it's i would unpack what i know now,

here's what we know and we can address more specific, the biden administration is described to me from people close to them as the early stages of developing a regulatory approach to the crypto market, what is number one infrastructure, taxes, number three, i don't think it's number three but is being debated inside the fighter administration. the sec chair is one half of this equation in terms of regulatory approach is waiting for direction from treasury for the overall policy before he develops a regulatory enforcement actions.

we should point out at the treasury department deputy treasury secretary is the point man on crypto. here's the interesting thing lots of talk about crackdown, regulation, we don't know where they're going we don't know exactly what could happen. i think crypto is here to stay at all think based on the people i'm talking to that they were outlaw in a nuclear bomb that a lot of countries are going to do i don't think that's going to happen to any american investors are in this space right now. there will probably be more regulation here something interesting the sec was debating whether to approve a bitcoin etf, there's a huge debate between republicans, commissioners, to republican commissioners and the democrats about this issue, the thinking

is among the security lawyers that i talked with the commission that gary gensler will throw the republicans a bone by approving this to favor on other broader goals he wants to do the sec which will get involved in pretty interesting stuff regarding esg and investing in various disclosures or companies might have to go forward including disclosures a political contribution. that's what people are saying i'm giving you what really smart people and security lawyers and wall street executives who have to deal with the treasury on this issue are talking about. the one thing we know for certain, we're in the second inning of a regulatory approach being developed by the biden administration, janet yellen is treasury secretary in her point man, were in the second inning of that, when will they see some

stuff, given at least a month. liz: there's been so much morphine and growing and retreating with all of this in the crypto winter from 2018 to 2020. regardless i think it's here to stay, david kelly does not like it in jpmorgan chase strategist said this is something to be reckoned with. liz: you said she doesn't like crypto but jamie dimon is more of a believer. his boss, jamie dimon has spoken positively particularly about the block chain which is the technology that crypto has used, it's a superfast way of conducting business once you're inside the block chain. liz: speaking of j.p. morgan did you hear this there is a center of what could be the biggest shakeup ever for european soccer

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liz: fox business alert telecom is sweating and out after the controversy deals with it in today's pop stocks, the consumer product safety commission taking aim at peloton saying it should recall the treadmill plus model due to dangerous fractures in the fact that they say children, you can see it on this video that the regulators put in can be dragged under by the treadmill, pretty shocking

video, there has been 39 reports of incidents including one deadly one involving a young child, the stock is down 7.3 risks to children in the video but the agency is also warning current owners to keep pets away from the treadmills in their home, the exercise equipment maker fighting back calling the new warning in accurate and misleading, analyst j.p. morgan all reiterated their buys on the stock calling the pullback of buying opportunity shares at the bottom of the nasdaq regardless right now you can see $170.84. a tesla crash in texas which two people died is a mystery at this hour after police on the scene said neither person in the car was in the driver's seat, the 2019 model sedan burst into

flames after it slammed into a tree, local officials at the scene believe autopilot may have been engaged with no driver behind the wheel but two people inside the car, something tesla specifically warns against doing is being investigated by the highway traffic safety administration in the national transportation safety board, tesla down 3.7%, from the red to the green take a look at harley-davidson kickstarting investors hearts, up nearly 10% the motorcycle maker new eu in the dark after raising the full-year forecast on blowout first-quarter results, focus helping hog turn a corner. shares as you see stand at $44.28. it is spasm in like a pele style bicycle kick this weekend on the

bombshell announcement that 12 top teams including the one in christiana renaldo played for our forming a new super league and its wrestling soccer cleats, six of them across europe including english clubs arsenal, chelsea, liverpool, manchester city and me and you are teaming up with malone from italy along with atletico madrid, barcelona and from spain, that is investors in the soccer club that is out there manchester united is one of them adjusting 7.7% and i don't know if you know this is also publicly traded in a pink sheet at the moment, that stock is jumping 14 and a quarter percent. but existing leagues are threatening to pull the clubs out of competition and the governing body is warning the

players could be banned from world cup competition, you're gonna ban cristiano and renato to the football fallout, he is washington university business program ceo of sports impact. this is shocking, unbelievable and really a shakeup, how do you see this for the entire soccer world. >> i think all of the warriors are licking their chops because i think this is going to be interesting. i talked to some lawyers in america today and most of them feel as though the super teams committed will ultimately be 50 regulars and additional five teams for 20, their thinking they're gonna be able to pass this through, this is about one simple thing, brand management and capitalization, they are not happy with the revenue that they are generating from this

existing champions league that has been in place for years and years and years, these teams part of the super league are being promised by j.p. morgan, four-point to billion to start, 400 million for each team, that is four times more than the winners of last year's champion, this is driven by green management capitalization bobby is the money is. liz: how many soccer cleats were rustled as we say j.p. morgan in american bank is going to finances operation. >> no doubt of course some people are pointing to the fact that some of the teams that are part of the super league group happened to be owned by american sports owners like the glazer family like the buccaneers or stan cocky and barbed with arsenal and the rams in america and they are trying to rebound from the pandemic and liz, there is no question if you have a

super league, the media rights the corporate partnership right to generate are going to blow away what they're able to get from the champions league. liz: this is a bit of a shock, imagine, and think of the new england patriots, the chiefs they all come together, my cleveland browns and they say were gonna play games but were also forming our own, isn't that the analogy to be made. >> maybe not that congrats to the cleveland browns i think are on their way to more success but someone said earlier to me today this isn't too far from the truth because in college sports you have the power five conferences, the atc big ten, big east et cetera and one of the top schools in college sports decided let's forget it let's do our own super league.

there is nothing stopping those colleges from doing that if they really wanted to. i think what i'm seeing right now a lot of fans and people from the governing body as well as individual nation, they don't look upon this favorably, i think this is a great way to market the sport, who doesn't want to see the best of the best play each other this is what the super league is going to bring. liz: as we go what kind of blowback is messy renaldo playing in their regular because of this, come on. >> that's what i don't think it's going to happen, one more analogy that the in cia threatening the state of california and any other schools if you approve were talking about your colleges and you student athletes play, guess what that did not work once california passed that law the nca back down and decided to

build something themselves now you have all these other states florida, michigan that have their own rules about to go into effect i think these threats are just that, the sports lawyers in europe are going to have a field day of the next several months. liz: j.p. morgan shaking up the legacy league. great to see you. israel making a decisive move to keep by ron and check despite renewed nuclear talks between iran and the united states. format is really and ambassador to the un is here on the threat that remains is whether biden administration he says needs to follow israel's lead when it comes to iran. closing bell ringing in 24 minutes, the dalhousie 154 points on this monday, we are coming right back with so much more. you can't miss it. stay tuned. ♪

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liz: right now talks are going on in vienna with world powers trying to help the u.s. and iran restored nuclear deal known as the joint comprehensive plan of action. national security advisor jake sullivan gave an update to fox news yesterday on this. they have been constructed in the sense that there is real effort underway with the permanent five members of the security council plus germany with a rhiannon they are related to sanctions and nuclear issues so we can end up with a compliance for compliance basis. liz: the talks almost fell apart after iran's biggest enrichment facility was attacked last week. former israeli ambassador to the un is here to talk about all of this. because you look at how these types of talks and breakups in

bringing together again certain countries to affect stock market, the economy in the world order but of course iran is blaming israel for what happened last week. what is israel's role in the situation right now. >> we will not allow iran to obtain nuclear capabilities. we are watching very carefully what is happening today in vienna and unfortunately the u.s. administration is racing all over again, the same agreement and they will now be entering the agreement and amending the plot of that and we will have to deal with this issue by yourselves and we are determined to do it we will be speaking with our allies in the u.s. and around the world, we

will continue with the nuclear plan to enrich uranium and continue with the ballistic missile test and it means that they are actually winning and they are playing on time because the u.s. is so eager to reenter the agreement they are pushing for more demand and more demand. liz: the iranian leadership has proven they do not care they do not care about their own people or their citizens into horrific situation on the ground but as you say they are emboldened and they are enriching uranium at 60% purity, they are getting closer and closer but tell me why you feel that even with the blackouts last week that the

iranians are blaming israel, your country for this. was israel involved and you feel that it shakes of the region even more and makes it more unstable. >> i think that's in the past and take action to the region and a ramp, we have the independence a few days ago and determine to keep our independence in our thinking were determined to pay the price. look what's happening today the iranians have no fear anymore they're attacking u.s. in the middle east, their attacking britain and the red sea, they will actually push it more because they identify including the u.s. is so eager to go back. we have to say something about the distinction we sell the economy in tehran went down and

today to lift the sanctions and allow them to pay around the world. liz: what about president biden, how do you feel israel u.s. relations are in the newer administration? >> we have a dialogue, we have a communication but when you look at the actions of the administration we are worried and the issues of the human rights council the icc that is an issue the newer administration decided to change, we can deal with that but they cancel our safety and security in the iranians we can't play with that and maybe something will happen and we will not sign a deal but my sources in vienna tell me that they are ready to pay any price

in order to get the deal signed as soon as possible. liz: those are your sources, you may be breaking news. please come back, so much to discuss especially considering the new challenges between israel and some arab nations which is unbelievable and i know you're at the forefront, we are coming right back, 14 minutes before the closing bellrá rings. you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪

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now! liz: in interplanetary celebration breaking out at nasa, they are clapping and cheering, the space agency making history with the ingenuity helicopter which is the first aircraft ever to fly

on another planet, the 4-pound chopper successfully lifted off and discovered for a while, 3:3h the red planet atmosphere after overcoming a bit of a software glitch that deleted last week, project manager calling today's light of wright brothers moment and by the way there is space docs after everything from virgin galactic joining forces with the rocket ship company, your boeing as well but there's another company called errol barnett ticker symbol av av up 85% year over year, right now it's down 3% but it helped make that, very fascinating stuff. nine minutes away from the closing bell, we are coming right back with her countdown closer with the top picks provided 11 profits in your portfolio. stay tuned.

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♪. liz: closing bell, five 1/2 minutes away. we do have the dow jones industrials losing about 150 points. we're coming off of a four-week winning streak for the dow. this does not mean that is over. it just means on the first day of the week we're having a little bit of a struggle. the s&p down 27. the nasdaq lower by 162. as inflation worries, yes, rising prices weigh on investors, create a challenging investment environment, our countdown closer has disruptive growth companies with evolving opportunities he believes are absolute additions to your portfolio. erin green, clearbridge investors portfolio manager. he is with me now. you have a huge number of assets under management, 184 billion. i'm listening to you right now. tell me what these additions are you feel are so strong people

watching should be considering them? >> we've seen a broadening of the economy starting right after the election and so we think it's a good time for people to take a fresh look at their portfolios and make sure they have a combination of companies that are rapidly disruptive, looking out multiple years down the line as well as those that can take advantage of the environment that we're in today. so one of those companies is a company called docusign. we have -- in that business when it was private. and they are a company that enables business to be conducted through digital agreements. so i'm sure many of your, your viewers have used it to open up a new bank account, maybe refinance their mortgage and it is a business growing north of 30% going into covid. business trends were accelerating. it is a way of doing digital transactions without doing that in person. the company is expanding their

addressable market. we see a durable growth business, profitable today, getting increasingly profitable. one sort of one foot in the present as well as in the future in terms of their growth efforts. liz: dan spring hears been on the show. he is the a ceo but i would point out here, aram, i would be remiss if i didn't push you here, the p-e ratio is 168. that to me seems a little rich. are you worried this is a real momentum play, it is here to stay? i have used docusign. it is incredible, changed the world, very disruptive but at what point do you use the p-e ratios as a guide to say wait a minute it is a little frothy? >> we don't entirely focus on pe for a couple reasons. one it is really an indicator what the business is like today not what it could be in the future. you look at these businesses that have very large addressable

markets lowly penetrated we're willing to pay a higher multiple for that. in addition there is a lot of accounting structures put into reported earnings that don't tell the full story. so we tend to look what the free cash flow yield is of the company, how much cash are they generating, real cash, not accounting cash. what does that look like over the next couple years. when we look out over the next couple years we see ramping profitability that will make today's valuation look very attractive. that is where we tend to focus our attention on. liz: let me get to match group. match group, managed to pivot, survive during covid. i find their business model really fascinating but where does it go from here? >> match group is one of those companies that did okay during the health pandemic. they had certain geographies

particularly india that hampered them. we think the company is really spring loaded to benefit from a reopening in the economy. there are, myself included, i'm sure everyone paying attention to this program, put our lives on hold in certain ways or another. we didn't travel. we didn't start new relationships. that is really where match comes in. there is a lot of people out there looking to get out there, meet new people, whether it be for fun or hopefully, to embark on a new relationship but a journey that last as lifetime. so we think that the company can benefit from a reopening where people are out there meeting new people. they're introducing new products and value add solutions that will drive increased monetizaton and engagement in the app. so we think that they are have a really long runway for growth. they are the global dominant leader in this space. with see a lot of growth for them with new properties like the hinge group as well as

expanding in emerging markets. liz: got hit. aram green of clearbridge investments. [closing bell rings] liz: here we go. the closing bell arrives on this monday. yes there is green on the screen. the nasdaq is the biggest percentage loser but the volatility index, fear index climbing just a bit. time for "kudlow". ♪. larry: hello, everyone, welcome back to "kudlow." i'm cud can you. great pleasure to be with you. i want to begin with my theme, if it ain't broke, don't fix it. the economy is booming, totally booming. the key factor, explosion of the vaccines now well over 200 million, that leading to the reopening of the economy and i'm compelled to remind the vaccines arose from president trump's "operation warp speed" and in terms of the booming economy it was always fundamentally strong and i don't want to forget that we're still operating under my