world vaccinated more quickly, and it's really a contest between vaccines versus variants. charles: you know, i think you're right. i think the vaccine story's underreported around the world. ray, thank you very much. liz claman, markets under a lot of pressure and picking up momentum to the downside. going to be another eventful hour, last hour of trading. liz: i know. yeah, and netflix reports after the bell. there is so much in this next 59 minutes. we've got to ask our viewers, did you look at this apple event as a product release or a hollywood action movie? we are going to show you the mission impossible-esque mini movie that a apple used to hammer home what appears to be the engine both the present and the future that apple, it feels like, will put behind just about every one of its computers. but along with refreshes and candy-colored imacs, it's the

much-awaited answer to tile that's grabbing attention. what'll it do and how much do these tiny discs cost? our all-star panel is here to pick hits and misses including next gen apple tv, pen sell and the not so hidden -- pencil the not so hidden messages. at this hour president biden hoping to electrify support for his infrastructure plan. he's taking a virtual tour of a south carolina bus and battery plant at this hour. our cameras are there and and ae white house where we'll take you live for the breaking details. and did you guys not knowed today is doge day? crypto the believers trying to push the digital currency that started as a meme, as a joke. they're trying to push it to a dollar per coin. we're going to bring in the namesake of an investing firm

who's here to tell you what's the best crypto investment you might make. markets slipping for the second day in a row as the first of the fangs get set to bare its teeth. our floor show traders tell us what to watch for, whether all of the fangs might be just kind of taking a backseat to some other names. but first, a fox business alert. let there be rainbows. the apple faithful splashed with color in a wide-ranging refresh of multiple apple products from the ipad pro to apple tv, to the debut of apple air tags. but the real star, this is our analysis here on "the claman countdown," of the entire event, apple's homemade microchip, the m1. batch. watch. ♪ ♪ ♪♪

liz: ethan hunt meet tim cook. in a clip worthy of "mission impossible," all kinds of back flips to steal apple's m1 chip from a macbook to put it inside other apple products. uses those little tweezers there. now, in the climax -- this is the big moment -- the thief rips off his mask to reveal none other than ceo tim cook. there it is. [laughter] a clear message throughout the event, from now on even apple's chips will be home grown.

apple's stock, let's get to it right now. absolutely no surprise that we're seeing it pull back by about 2%. but as cook and company seem to stress over and over during the hour-long spring-loaded event, the m1, that chip, makes everything go from upgrade to breakthrough. intel's stock, which used to make the chips that powered apple's computers, did hit session lows pretty much right there at the moment, down 1.6%. and guess what? a lot of the other chip stocks are following intel down. now, from ipads to i macs to a rainbow of accessories, which unveils did we see this afternoon will be the ones that drive both sales and the stock? joining us now is benchmark investments managing partner kevin kelly and starship managing partner john meyer. he developed the flashlight app for the apple's way back in the day. apples way back in the day. most impact you saw in that

event. >> well, first off, i can't believe it's been ten years since that flashlight app, and we talked about it on your showment of. [laughter] -- your show. but the reaction i have from today is really a two-pronged answer a i can give you that i think will be simple and clear and just, and just make sense. [laughter] today was about new products, which is great, but with apple you always have something going on in the background. and what was so significant about today was not the introduction of any if product, but a new category of products, and that is the air tags that we talked about. and the reason that that is significant is because it means that if apple introduces a new category like they did today, that means that it's essentially, based on their track record, a sign that apple sees there being a future that is far larger than just getting

a classic tile and putting it on your key chain. apple sees a future where they can integrate humans with technology in ways that better your lives. and the way they're going to do that first is with air tags and make it the seamless, the most seamless way possible so you never lose anything again and, boom. liz: well, you know, we're looking at the price. and i agree with you, i mean, this was a much-awaited one. i saw one blogger say, you know what? if apple doesn't release the air tag finally, no one should mention it again because we've waited too long. look at the comparison to the tile which, of course, apple is clearly saying we're not only taking you on, but we want to take it a big step further. tiles are $20 or $70 for a pack of four, but apple would argue, you know what? they do so much more. there's precision finding, uses an apple chip and the iphone's camera to locate, there's

privacy built in, it tracks items, not people, etc., etc., but then we just showed the hermes accessory. kevin, what was the one moment that you feel will be the biggest driver for the stock? >> i think the biggest driver is actually the signaling of the air taggings, because that -- air a tags, because that shows you they're focused on making their own hardware including the chips inside that. because what's going to happen is, you know, a big decision coming up soon in the courts about fort knight, right? -- fortnite, right? where most of the margins are being protected are through the app store and all the money they're making through the app store. getting 30% takes in some instances. so here's this takeaway: they've got their own chip, so they won't be spending proprietary, you know, money on, you know, getting intel's chips or anybody else's chips, qualcomm's check ups, right in so the iphones

are going to have -- i think that's a big, seminal event coming from this. when it comes to the internet of everything, apple wants to own the entire vertical. liz: okay. so let me get to this chip issue because, to me, this was the most important part. let me let people listen to exactly what the sound was that they talked about with guarding the m1 chip. listen. >> let's take a look at the previous imac. the logic board and thermals were huge because of the power-hungry processer. and the cpu, tpu and other components were all separate chips in the system. now, with the system architecture of m1, these are all consolidated into this much smaller logic board. liz: okay, there you go, that is just a slap, john, at every other chip maker. oh, it's so huge and bulky. look what we have done. but where does this take them? and then we've got to talk about the colors. there was a whole purple power

issue where they have unveiled the brand new lavender colors of of all the accessories, and you can now match, you know, the mice to all of these beautiful colors, some of them are pastels, etc. what do you think, john? >> well, the one thing i think here is that it's very easy to call these seemingly simple and seemingly meaningless things that apple does with these incremental updates like adding new colors and things like that as a very meaningless. however, with apple they do this stuff for a very strategic reason. you know, if you know anything about apple, anything about their history, the reason they are the largest company in history is because over the last 30 years the mantra within the organization has been for whatever yes we say to a product

there are literally 1,000 nos. and so that's why -- liz: right. >> -- again, the significance of today's air tags is not just them competing with tile. it is far, far, far larger than that. there's a multiyear, i would say decade-long vision behind this, and that's what i think is really the meat here. there's a reason we've been hearing about this for years and not seeing it until today. liz: yeah. and in the end, you know, we did not hear -- we heard about an apple pencil, you know, we saw some of that. it wasn't anything that was really revolutionary, kevin, it's more evolutionary. but no mention of the apple car, let's put it that way. when do you expect that we will, and what could that do to apple revenues eventually? >> yeah. so there's been a lot of talk about an apple car but, you know, we've seen it through the history of tesla that there coulding be production issues, right? and so they're sort of behind the 8-ball when it comes to

that. i don't think there will ever be with an apple car. i think there will be apple in cars, right? like what they're talking about with air tags, so it could be part of an entire system. but i think what apple's doing on the chip side, what they're signaling is they're going to be ready for future technologies to take hold like augmented reality which could then go into cars. the chipping dovetails into the apple car -- the chip thing dovetails into the apple car. over the past several years working on augmented reality, that's where they're going. as part of the intelligence revolution, that is why they are making their own chips. that is how, you know, air tags are coming, it'll be part of the cars, but they won't make their actual own car. liz: kevin, john, great to have you. again, these are always big reveals, and our viewers love to hear them because apple, of course, a widely-held stock. weaver watching it very -- we're watching it very closely. dow jones industrials down about

116 points -- 316 points. president biden is scheduled to take a tour of a battery facility in south carolina operated by protera, an ev company that makes mass transit buses. going public via spac through a reverse merger, valued at about $1.6 billion. when it launch. ed it was about $10 a unit, it's at 14.40 right now. here's why this event matters, infrastructure is top of the agenda for president biden, and electric is a huge part of what infrastructure means for democrats in washington. to blake burman live at the white house. blake, is today a message to citizens, republicans in congress or both? >> reporter: both really, liz. this is a sales pitch right now from the biden white house as it relates to the american jobs plan. let me go through some of the numbers that they put forth leading into this visit, a virtual visit that we expect to see from the president shortly.

475,000 school buses all across the country, 25 million kids it services. the white house says there's the roughly 95% of those run on diesel fuel. add to that more than 85,000 transit buses run on diesel as well. it's why they say the president's $2.25 trillion american jobs plan proposal calls for a $45 billion investment in accelerating zero delivery -- zero-emission delivery buses. here was the white house just a little while ago. >> replacing these buses with clean technologies will create good jobs, support domestic manufacturing, tackle a major source of greenhouse gas emissions and improve the health for many around the country. >> reporter: it is back to back days on this message, liz, for the white house because just yesterday the vice president, kamala harris, went to north carolina to tour an electric school bus plant. the vice president was supportive in her senate days, by the way, of electrifying the

school bus fleet. so that in person yesterday in north carolina, a virtual visit today for the president involving a company in south carolina. clearly, this is an industry, liz, that has the backing of this white house. liz? liz: okay. we'll see if it has the backing of the american public. of course, that's who matters here. blake, great to see you. blake burman live from the white house. fang favorite netflix reports earnings after the bell, but will the house of bridgerton maintain the its streaming crown as its massive subscriber base emerges from the pandemic lockdown? our floor show traders up next to make their royal proclamations when we come back. now, why is the dow down 312 points? well, second day in a row we're seeing some losses. still under 1% though but below 34,000 right now. "the claman countdown" coming right back. ♪ ♪

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under 1%. take a look at the russell 2000, the small caps. they are losing 2.5% right now. they are the largest percentage loser of the major averages. but also that take a look at the nasdaq. the nasdaq is swooning as well. right now it's down for a second straight day pulled lower by weakness in big technology and growth stocks which really brought with it along over the past year. well, past five years. nasdaq down about 1%, losing 157 points. so let's focus, let's go a little micro here. investors are going to be watching netflix earnings out after bell in 40 minutes. the streaming giant is the first of the fangs to post first quarter results. analysts are expecting earnings per share of $2.98, that's an 89% spike on revenue of $7.33 billion, a jump of 24% from the same quarter last year. so these are great, great at least targets that analysts believe the company will hit. investors will definitely

scrutinize the number of new subscribers added during the quarter. will it match, beat or miss the expected 6.252 million people in ahead of the report, netflix stock is trending just slightly lower, but nearly all the fang stocks have kind of lost their mojo since the start of 2021. okay, netflix up just over 1% this year, amazon, 2%, facebook seeing decent gains at 10%, but apple flat, pretty much flat so far this year. the lone standout would be google popping 29% year the date. will the pressure on, you know, these fang stocks -- tech, but more the fangs -- aztec earnings start to -- as tech earnings start to pour in? to scott redler and phil flynn. is the fang era of wild gains over at least for now? are you owning, buying or selling? >> with well, each one is different. some are up for the year, like

google showed relative strength since the last quarter. it helped drive tech the past 2, 3 weeks. facebook made an all-time high. but like you mentioned, netflix has been in a range for 11 months. this is supposed to be as good as it gets for netflix considering what just happened with the pandemic, so they better come out, and they better beat the number, the subscriber number and guidance for this to break above this huge channel. so for me, i like to have risk defined going into earnings, so i'm taking a nays call spread -- nice call spread. if netflix could get above 565, i think there's a really good chance on a solid report it finally breaks above this channel, and it will help drive tech. i also think amazon is a very similar looking channel. it had two fantastic quarters. it didn't go anywhere. so i think it's up to these two companies to help drive tech if we're going to make new highs. if both of them miss or disappoint, you know, and support gives way, i think we're

going to have a tough summer here for tech. liz: okay. okay, that is a fair assessment. i just want to make the point you said 565 you'd like to see it break out, we're at 551 right now. phil, where do you stand on the fangs as what have been the cabal of stocks, the driver of much of technology? is. >> you know, i think scott laid out the technical picture quite, beautifully, you know? we've been sideways with some of these stocks. the question is which way do you break out of these sideways patterns. and if you look at every chart that we just talked about, the odds are we're going to break out to the upside, it's just a question of when, either this earnings cycle or next earnings cycle. we are one of the strongest bull markets in all of -- you know, i don't think anybody can argue that the recent sideways action suggests that we're going to pull back. but, you know, listen, i think these earnings are going to beat expectations.

i think netflix is going to do very welled today. and what about apple with their new products in that might be enough to get us out of this little bit of a malaise, you know? i know they're going to compete with spotify for podcasts, but let's got everyone's talking. liz's podcast, right? [laughter] why not? you know, i just think fangs are are going to have a good quarter. don't sell in may and go away, get ready to buy some options because i think we're ready to break out. liz: okay. options, it is. everyone talks to liz podcast available on apple podcast. great to see you guys. scott, phil, always a pleasure to have our traders and their perspective. up next, robinhood looking to play ipo hero as cryptos add some new bows to its quiver. charlie gasparino about to break it on the retail trading platform's latest behind the scenes move. and you know the crypto lovers and the wall street bets crowd are going to be watching this

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liz: fox business alert, elon musk speaking out about that driverless crash in texas where two people were killed. the tesla chief tweeting that though there was no driver found behind the wheel of the model s, the ev's autopilot feature was not engaged at the time of the incident. finish musk also going on to tweet that the $10,000 upgrade that enables autopilot on the car was never purchased for that particular vehicle. as the stock goes higher by 1%, local police in harris county are not ready to take musk's word for it, and they say they will be serving warrants to tesla for its data on the fiery crash. united airlines sinking and taking some of its competitors with it after a bigger than

expected loss in the first quarter. the airline blaming rising fuel costs and reduced capacity for its disappointing results. it's falling 8.6% right now. the pressure on the sector also increasing as the state department issues new travel warnings targeting 80% of the countries around the globe where coronavirus cases are seeing worrisome spikes. rival american airlines down 5.7%, delta lower by 3.6%. but it is a flashing green light for investors in railroad giant kansas city southern. canadian national launching a rival $30 billion bid to canadian pacific's already-approved $25 billion buyout offer. no matter who wins this bidding slug fest, the team-up will create the largest north american railway by transaction value across mexico, the u.s. and canada. ksu jumping 15.5% right now. it's the roaring '20s for robinhood. the wildly popular trading app

could be going public as soon as this inter summer, but now charlie gasparino has exclusive details about the security and exchange commission's review of robinhood. what do you know? give us the dirt, this is juicy. [laughter] >> the dirt. it's a dirty business here. [laughter] no, i'm just kidding, it's not actually. from what we understand, the plans to do an ipo are going forward. it's literally in the hands of the sec in terms of timing, and i'll educate plain that in a minute -- explain that in a minute. there's clearly investor appetite, i am told, for the ipo despite all these sort of controversies surrounding the gameification of wall street. i think the appetite has to be at the securities and exchange commission as well, and from what i understand robinhood is working with them to try to convince them to approve their ipo document which is known as the s1.

that was filed confidentially after you know what happened, that incredible trading, i guess, bonanza, frenzy that involved gamestop and robinhood halting trades and needing extra capital to be able to complete the trades. obviously, the ipo money would be used for that capital so they could shore up their balance sheet so they can handle higher trading volumes. but because of that entire controversy the, they have to lay all that out in their ipo document known as the s1. again, it was filed confidentially, liz, and they have to get the securities is and exchange commission comfortable with their business model going forward. and that's what they're doing right now. as soon as the sec gives the go ahead, from what i understand they're ready to pull the trigger immediately. i can't tell you when the sec, it could be weeks, could be months, could be days. it's, you know, that's a type of clarity i don't have. but i do know that the ipo document contains pretty

detailed warnings about robinhood's business model and how potential regulation on the gameification of wall street, meaning does congress, do the regulators, the securities and exchange commission crack down on some of the sort of parts of robinhood's business model which takes trading into a whole new area more like gambling, more like having fun. i will say this, now, in preparation for this thing, they've done one thing from what i understand that's kind of marginal, but it speaks to their worry about the gameification of wall street. no longer at robinhood when you make a trade will you get confetti thrown at you. liz: confettiment. [laughter] no! confetti. i know about the confetti. >> yeah. that, from what i -- that's been gone now for a couple weeks. and i think, i mean, that's part of what they're doing to try to show the sec that they're trying to be a much more serious company, not a gambling debt.

but, again, you know, their business model is people who want to trade and trade everything, including cryptocurrency. and i will say this, that people on wall street that i speak to and also underwriters think that their business model has been bolstered by the wider acceptance of cryptocurrency and the fact that people want the trade. you can do that on the robinhood app right now. i would lo to get my hands on -- love to get my hands on the s1. i hear there's lots of disclosures, lots of stuff about the issues that went on over the last couple months. i think they erred on the side of disclosing more, is the way, is what i was told than not. and i think that's why they probably did it confidentially, you know? they want to get the sec comfortable with their business model, do the ipo. liz, back to you. liz: charlie gasparino, thank you very much.

and he was just talking about cryptocurrency. well, did you know that today is doge day? 4/20 has traditionally been celebrated as world wild smoke weed day been worldwide smoke day, but crypto fans want it to be a holiday. one of the investors here to tell us why doge coin may no longer be just a joke. closing bell ringing in 26 minutes. we have red on the screen. dow, s&p, nasdaq and russell all moving lower. ♪ ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart.

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liz: breaking news, the plans for eus super league already on the brink of collapse at this point? we brought this story to you yesterday. the 12 of europe's biggest football clubs had planned to break away and form this new super league. well, now chelsea and manchester

city have both asked to leave the project. you know, fifa had a fit and started threatening everybody. there are also rumors that ma drilled may also -- madrid may also be looking for an out as well. this is the one that was going to be funded entirely by jpmorgan. so we'll be watching this case very, very closely, but there was the threat that the two stars of the sport, renaldo and messi would be disallowed from being able to play in things like the world cup if they were participating in the super league. and we have this breaking news, the jury in the derek chauvin murder trial has reached a verdict in former minneapolis policeman's murder trial. the verdict is expected to be read between 4:30 p.m. and 5 p.m. eastern. chauvin is charged with second degree unintentional murder, third-degree murder and

second-degree manslaughter in the death of george floyd on whose neck he had put his knee on and and, of course, george floyd had a passed, and it triggered many, many race can discussions and protests throughout the nation. we will be watching that, and we will be making sure to get you the latest news on the verdict. for now, the sequestered jury has reached a verdict in the derek chauvin trial. meanwhile, it is doge day. what does that even mean? well, day traders and fanatics alike teaming up to make it this holiday in an attempt to spike doge from its current price of 34 cents all the way up to a dollar in just a single day. it ain't working, guys. it's down about 12% right now. i believe the high had been about 40 cents. but meme joke or not, the currency has seen a year to date growth of nearly 8,000% ranking doge coin currently as the sixth

largest market cap of all cryptocurrenciesed at around $48 billion. this morning venn -- venmo announced it will allow users to buy, sell and hold not just bitcoin, but ethereum and cache. will doge be clawing it way to mainstream acceptance sooner or later? draper is tim draper who owns millions and millions and millions of dollars worth of bitcoin. great to see you. what is the answer here? a, is doge coin going to reach a dollar in 24 hours? i think i know the answer to that. and, b, there are already companies that are jumping on the doge coin bandwagon saying, you know what. >>? we'll take that one too. >> yeah. you know, i have no idea, and i won't claim to have any idea what the price will look of doge coin. i doubt it'll get to a dollar, but i doubted it would get here.

and companies are getting behind it. the dallas mavericks, i think, were the first people to accept it for payment for various things. so it's getting exciting. but, you know, as we say in crypto, memes are money. and we've had 2.2 million social mentions of doge coin just this week. liz: yeah, i know. mentions though and, again, you had conagra coming out -- [laughter] the parent of slim jim's meat sticks, saying that doge coin had actually engaged, honestly, i don't get it, but doge coin, they've been engaging some of their fans, and now they have a bigger social media footprint. it's not just conagra, it's a whole bunch of other companies. what will it take to give it main street acceptance? >> you know, i'm not sure there will ever be mainstream accept assistance of it the way that we accept bitcoin and e here ethera

platform. but what i do think that's really interesting is that mainstream and main street are hearing about crypto for the first time and participating in crypto or learning about it through doge coin which is not what we ever expected, right? we expected, you know, gains and apps and robinhood and coinbase to be people's first play in crypto, and now i'm hearing from friends, you know, that aren't in the crypto space should i buy doge coin. and that's their first foray into crypto. so, you know, or i think it's on one hand it's sillingly, or it's fun, it's the meme. but on the other hand, it's creating real acceptance of crypto as a market which is, i think, the exciting thing. liz: do you open -- own it? >> no, i don't. you know, to me, what i tell people is like i said the last time on the show, accumulate

bitcoin, accumulate ethereum, play with a small percentage of your portfolio, maybe buy some doge coin. i wouldn't today, but, you know, on -- make some of those bents, play around -- bets. money that you can lose. but when you take profits, i won't say take it in fiat, get more bitcoin, get more ethereum. liz: could i ask you your thought on coinbase? obviously, that was the big direct listing last week, got a lot of attention. you see that name, you get all of the blockchain names,, right? blockchain having big moves in both directions. you've got to tell me the other ways besides the teslas of the world who are starting to accept this. dallas mavericks are not publicly traded, but they are the first nba team to say we'll accept doge, we're taking bitcoin for merchandise, tickets, etc. but talk to me about whether you

feel this is sort of that important moment historically for cryptocurrency now. >> i do. i think, you know, i sent you a lot of data, and one thing that i was speaking to them about was is this the pokemon go moment for crypto. and i think it is. this last year brought us five years into the future for crypto, right? i think we accelerated everything that's done digitally and virtually this last year, right? so i think that this could be that moment and more and more acceptance. we're definitely in the era of ask a millennial, ask? under the -- ask somebody under the age of 35, 40 if they'd rather receive ten grand in bitcoin or ten grand in u.s. dollars. more than half will, for sure, say bitcoin now. so we've got to that space now, and we've got to that mindset. and i think everyone that bought

into the -- liz: alon, you're at the forefront of something big here. and certainly as we watch cryptocurrency, thank you so much for weighing in on dogecoin. by the way, we were all over doge day early. my morning market minute on tiktok, we've got 136,000 followers right now. my post the other morning -- [laughter] got 1.7 million views. come join us on tiktok. i'm @redfoxlizment check it out. -- @redfoxliz. it's one minute long. you can spare one minute. china backlash hitting nike where it hurts. the new warning that has shares moving in reverse and what larry kudlow has to say about it all. and my 100th podcast episode is here. it's actually going to be a 100 podcast episode month. but over two years ago we started my everyone talks to liz podcast to inspire listeners with incredible success stories

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vaccine which brought in $100 million. a decision on the continued use of that vaccine has been put on pause here in the u.s. due to blood clotting concerns. that decision is expected friday but overseas european drug regulators are now recommending you know what, start importing it again, we'll take it but slap a warning label on the risk of rare blood clot disorders. put it on there. they say the benefits of the j&j single dose far outweigh the dangers of the covid fighter. shares of j&j responding nicely, 2%. nike on the other end of the spectrum on the dow 30, the footwear, athletic gear behemoth under pressure down 4 1/2% on a warning from citi downgraded the shares, saying a slowdown in china could weigh on nike near term sales and margins. nike with a slew of other

well-known european brands, adidas, h&m faced backlash in certain weeks speaking out against the use of cotton produced by forced labor in the province home to china's uyghur population, minority muslim population. nike as you see stands at $126.50. china not backing down from its anti-western stance. president xi xinping without naming particularly, calling out unilateralism of different countries warning no nation should impose its rules on others. to larry kudlow about to do his show at the top of the hour. what is the latest moves against the west and the u.s., at least the verbiage by china mean, what are you thinking they lead to? >> well, look it, lizzie, you know, xi is not going to acknowledge sort of basic human fundamentals like freedom, human rights and democracy, okay?

he just doesn't buy what the united states and western culture provides and by the way, not only western culture, nowadays obviously it is asian culture too. she is, you know, flanked by democracies all over asia and south asia, i'm sorry he doesn't understand that we have to keep our guard up. we have to treat him as difficulty as we possibly can. we know he is a competitor. he is also an adversary, we have to keep that in mind. in short we have to be very tough on china. wees specially have to be tough on their law breaking in trade, banking finance, liz, right? what they do to us we have to retaliate. i don't like that, okay? but my own view, i'm a free trader but reciprocal free trade is very important too. chinese give us no choice. we'll see if they acknowledge our trade deal the phase one trade deal. we'll see. i don't know they will. maybe they will, maybe they won't.

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liz: two minutes before the closing bell, growth or value. what is a big question in stock picking. today's countdown closer goldilocks stocks are under owned and under followed. nancy pride, senior portfolio manager at essex route performed at the growth at the moment. you have four names. none of them is bigger market cap than five billion. what is the common thread on these names. >> we think they all have disruptive technologies helping to make the world both a cleaner and healthier place to live and

none of them are fully exploited in terms of their growth rates or in permanent of their discovery process of wall street. liz: gates industrial, evoqua, the water names, veracyte, castle biosciences, are oncology. you feel the markets are wiggling around, dow down 241. does not a trend make for me. what do you see? >> i think we're going around is a good term, perhaps a little kind. we think we are taking a pause after the very strong first quarter that we had, particularly in the smaller cap segments. i will note small cap stocks are down 8% from their high. they're coming right up to their 150 day moving average. so we think that this is the pause that refreshes. we're getting ready for the next leg of the bull market driven by revenue growth faster than expected. liz: got it. >> earnings growth faster than

expected, really new exciting technological developments. [closing bell rings] liz: nancy prial, essex management that is the closing bell. red on the screen, dow transports, russell, big loss leader. netflix earnings after the bell. that will do it for "the claman countdown." kudlow is next. larry: welcome back to "kudlow," i'm larry cud lowe, great pleasure to be with you. we're waiting for the derek chauvin, george floyd verdict in minneapolis. it will happen at 4:30. we'll bring it to you live. i want to play sound from house member maxine waters. >> we have to let people know we're not going to be satisfied from justice in these cases. stay on the streets and we have to get more active, more confrontational. you have got to make sure that they know that we mean